Author Topic: Guide to Cloud Mining Protoshares  (Read 1745 times)

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Offline racer8

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Re: Guide to Cloud Mining Protoshares
« Reply #2 on: March 24, 2014, 11:22:44 am »
When I used your link I got the following message as part of the account verification:

"Thanks for your interest in bitcoin and cryptocurrency mining. As a public cloud we deal with a large amount of abuse and fraudulent activity specifically as it relates to mining. The financials of mining unfortunately do not weight in your favor in a public cloud. As we've seen, you will be spending more of your own money than the equivalent amount that you collect in cryptocurrency. There is of course the speculative nature of it, however the amount of money that has been invested by large players in the industry into specific mining rigs that are powered by GPUs rather than CPUs makes this cost prohibitive. Said another way, our cloud it not optimized for cryptocurrency mining.

In a cumulative way mining takes time away from helping other customers due to the fraud, economic unfeasibility, and time our support team spends dealing with mining related issues.  We therefore, strongly discourage mining cryptocurrencies on our cloud."

Offline bitshirehashaway

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Guide to Cloud Mining Protoshares
« Reply #1 on: March 15, 2014, 08:53:43 pm »
*Note: I understand that some people have been unhappy with my tendency to bump my threads on a daily basis. I was under the impression that you could bump your threads once a day but apparently that is wrong. For this thread I will never bump it just for the sake of bumping it and any new posts I add will be in direct answer to people's questions. Sorry about that.*

If you sign up now under my referral link and spend $10 - I will give you $4 either in Paypal or via. PTS (your choice) allowing you to try cloud mining 40% off for a limited time! Please PM me in order to claim your reward.

Hello Everyone,
Recently a thread has been published about mining Protoshares on the cloud - something which can be very profitable to do. Here I have taken the feedback from people in the cloud and have decided to put that all in one thread for you guys. I've also tried to make it a bit simpler for "newbies" based off of my experiences from trying this out.

To start, please sign up for DigitalOcean using my referral link: https://www.digitalocean.com/?refcode=3a96071d7d5f

Guide For beeeeer.org
First you need to create a droplet. I recommend starting with as large of a size as possible, though the best started is the 4 CPU / 8 GB - but feel free to start with a smaller one. Just don't use the smallest because when I tried it I got an error for using too much memory. . Make sure to make  Debian 7.0 x64 your image. Once your droplet is created you should see a button in the top right that says root access. Click on that button and use your username and password (that are emailed to you when you create a droplet) to log in.

Once you have logged in type in the following code in order:

sudo apt-get update
sudo apt-get install yasm -y git make g++ build-essential libminiupnpc-dev
sudo apt-get install -y libboost-all-dev libdb++-dev libgmp-dev libssl-dev dos2unix

git clone https://github.com/thbaumbach/ptsminer
cd ~/ptsminer/src
make -f makefile.unix
./ptsminer <your PTS address> <number of threads>

Go to http://ptsweb.beeeeer.org/user/<your PTS address> to see how many coins your getting!

Thanks and I hope you enjoy.