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How to mine bitcoins using an AWS EC2 instance…
With all the talk about the Segwit2x fork (that has now been postponed), I decided to get my feet wet in mining cryptocurrencies.
Initially, I chose to mine ether, then Monero coins, on Ubuntu 16.04 servers using their accelerated computing instances, but my curiosity got the best of me and I started wondering what it would take to mine actual bitcoins.
Every forum and blog I searched advised against even trying. So much so, that I couldn’t find any recent tutorials on GPU mining for bitcoin.
I took it as an opportunity to create one myself.
Here’s how:
Note: folks have it correct. Bitcoin mining on the cloud without an ASIC miner does not yield any profit. Still, it’s a fun experiment.
Step One: Get cloud hosting.
a) Sign up for AWS.
First things, first: sign up for a free account at Amazon Web Services. AWS offers virtual machines, storage, and a host of other services — in some cases, for free during your…
