Bitcoin Miner Amazon EC2

Is Mining With Amazon EC2 Profitable?

Amazon EC2 (Elastic Compute Cloud) is a service offered by the popular company Amazon which essentially allows customers to host an unlimited number of virtual machines. The service allows users to customize the machine for whatever purpose they need. Up until November of 2013, this service wasn’t of any particular interest to cryptocurrency miners. By this point in time, CPU mining was obsolete and their only GPU instance was not affordable.

However, Amazon soon announced their plans to launch virtual machines which were supported by cheaper high-end NVIDIA GPUs. This update made GPU instances much more affordable. It was this announcement that sparked massive interest among cryptocurrency miners. We could now rent GPU power directly from Amazon and

Source: thebitcoinnews.co.uk June 3, 2014 – 13:01