Quote:
Originally Posted by danevans
how about mining on amazon EC2 or other cloud platforms that you pay by the hour?
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CPU mining on amazon is going to run at a loss, unless you get in early or expect the coin's value to increase substantially. If you're going to spend $1000 on amazon instances you may as well just buy some GPUs and hash faster yourself.
There are some coins where it may be profitable to use GPU (not CPU) cloud instances, but the profits are small so to make anything decent you'd need to scale up to hundreds of instances. The daily costs of that many GPU instances are going to be substantial so you need to be fairly confident that you can consistently cash out your coins to cover costs.