[GUIDE] The "No BS Amazon AWS Protoshare Cloud Mining Guide"

[HCarvalho]

Is it true that AWS is cracking down on all those that are using EC2 instances to mine? Making them paying full price instead of spot isntance prices? Or this rumour is just an hoax to make spot instances prices go down?

[dany_danay]

dont work for me root@Ptscoin:~/ptsminer-master/src# ./ptsminer PnC8XBg5ytdBXyUDa47sJuH7xe5UJ6bEMz 16 27 sse4
-bash: ./ptsminer: No such file or directory

[wiwi936]

hi guys

i tried to mine on an AWS.
But i have this probleme when i'm installing ptsminer (with the makefile)

g++ -Wl,-z,relro -Wl,-z,now  -o ptsminer  obj/cpuid.o obj/sha512_avx.o obj/sha512_sse4.o obj/sha512.o obj/sph_sha2.o obj/sph_sha2big.o obj/main_poolminer.o  -Wl,-Bdynamic -l boost_system -l boost_filesystem -l boost_program_options -l boost_thread -l boost_chrono -Wl,-Bdynamic -l z -l dl -l pthread
/usr/bin/ld: cannot find -lz
collect2: ld returned 1 exit status
make: *** [ptsminer] Error 1


Do you have an idea?

Thanks

[lordfirefox]

If the prices are getting crazy then go with some smaller Spot instances. You can set up multiple instances to mine. Just check prices before you commit.

[Moonover]

The minimum price for a spot instance is dependent on the number of spot request they are currently receiving ... check in the other region and check TheStorm's comment.

You better set your spot max price between 0.15 and + above the minimum if you want to have time to mine ...

[TheStorm]

You checked for Linux/UNIX u need to check for Linux/UNIX (Amazon VPC) then you will get the correct prices.

[rhombus_77]

Can someone explain to me the pricing of spot instances?  On http://aws.amazon.com/ec2/pricing/#spot is a table which shows lowest price per region.  It is updated every 5 minutes.  Currently in Sydney, a c3.8xlarge is a $0.894 per Hour.  When I try to request a spot instance at lets say Max Price of $1.0, it is tagged as price-to-low.  In the Status line it states that $1.0 is lower than the minimum required Spot request fulfillment price of 40.0.   Looking at the Pricing History table, it shows a spike to $1.20, but holds steady at $0.89.  I am not sure what is going on. 

[Moonover]

I strongly believe that the market value of PTS is in fact gonna sky rocket soon enough ... I don't mind paying between 2 to 8 $ a day to mine ... it's called an investment.

two instance of c1.xlarge costs me 0.15/hour for now with a spot instance and are giving me 0.04 PTS per hour/hour and a half ... I'm not even losing money yet. And with the 100 $ from amazon, I'm making enough profit to compensate for a week or so of paying from my pocket ...

Definitely worth it. If you are not willing to risk something, you will never have a chance to be rich.

[pooky]

Well, I did some calculation. AWS might not be worth it unless you believe PTS price will raise dramatically in the future. (After your $100 free credit)

One cc2.8xlarge generates about 0.002685PTS per hour. At the current PTS/USD rate, that is $0.06143 USD. Even at the lowest price, cc2.8xlarge will cost you about $0.27 per hour. So you will have a negative ROI.

[Troglodactyl]

Nice guide, but I'd like to point out that you don't have to type all those commands in PUTTY.  Copy to clipboard, then right click in PUTTY to paste.  Also, once you have one set up, save the image from that instance and select it from "My AMI's" for the next instances so you don't have to install everything again.  This works even better if you add the run miner commands to a startup script, as that way you don't even have to connect to new instances, they'll just put themselves to work.

[Moonover]

I had the spot request for 24h ... after that, I keep getting this message in the log when I try to spot it : Your Spot request with price 0.51 was not fulfilled as the number of Spot requests with equal or higher prices exceeds the available capacity in this pool. ...

damb it ...

D.

[rhombus_77]

I do not understand either.  I put a bid in at Sidney for $0.5.  According to the price history the spot price is $0.447.  The status message for my request states the minimum fulfillment price is 15.99

[JohnD]

Just to let you know guys, the spot instance for a c3.4xlarge in South East asia  (Sydney) is only at 0.22 ... quite a bargain.

I tried to get them but it did not work (even for 0.35). The prices statistics are sometimes strange... or do just not understand it.

[Moonover]

Just to let you know guys, the spot instance for a c3.4xlarge in South East asia  (Sydney) is only at 0.22 ... quite a bargain.

[Moonover]

Awesome guide man, thanks a lot !

Will send some PTS your way !