Mining Practice of Cloud Server (1)

I saw Jin Rongzai's article in Zhuangxiang three days ago, from which I learned that Alibaba Cloud server can be used for mining, and the benefits are considerable, so I immediately contacted the author to consult the teacher.

Through the communication with Master Sun, I found that writing provided us with a lot of communication foundation, and I have been paying attention to Master Sun for several months, and soon established our trust.

Master Sun mentioned in the article that it will take some time to formally accept apprentices. I don't think this time can be wasted. We should make some preparations for the future. So I immediately began to seriously think about and practice cloud service mining.

The feasibility of cloud service mining is probably in several aspects.

First, the cost-benefit analysis of cloud server mining.

Cost composition: there are three main mining costs, namely, mining machine expenditure, electricity fee, site and related management expenses;

Income composition: The income from mining mainly comes from two aspects, one is the income that can be obtained according to the current legal tender price in digital currency, regardless of the cost, and the other is the income that digital currency will get through value-added in the future.

Analysis: The computing power of the cloud server is much lower than that of the physical mining machine, but not paying the electricity bill is the biggest cost saving. In addition, because no site is needed, it can be managed remotely by itself, and the cost of site and management is close to zero.

Therefore, in the case of limited computing power, cloud server mining eliminates the cost of electricity and site to the maximum extent, which is the advantage of this technology. The balance point of profit will largely depend on the relative relationship between the expenditure of server fees and the current currency price.

Second, the analysis of cloud server and mining currency.

There are many types of cloud servers, mainly divided into two types, CPU type and GPU type.

At present, there are two kinds of virtual currency algorithms on the market, GPU-friendly and CPU-friendly. Most currencies, such as Bitcoin Ethereum and Litecoin, are GPU-friendly, but not CPU-friendly. I only know zec, xzc and xmr.

So in this way, in the choice of servers and coins, the direction is very clear: in any direction of CPU and GPU, choose the cloud server with the highest cost performance and the coin with the highest mining income.

Third, practice.

As mentioned in Li Xiaolai's article, any mining activity is not as easy as buying directly in the market. So I paid little attention to the knowledge of mining in the previous research on virtual currency. At the same time, I don't know much about the server, so I can only search and practice online at first, get started quickly and start accumulating.

What can be found directly on the internet is to mine Monroe coins with CPU server. The article link is as follows.

So I spent 39 1.5 yuan bought a lightweight server in Alibaba Cloud and spent three months. The configuration is as follows. Alibaba Cloud is currently engaged in activities, and you can get a 30% discount on the first order.

Start practicing.

After two days of tossing, the mining on the running server finally succeeded, but the computing power is only 140h/s, and under this computing power, it will cost half.

In the specific process of tossing and turning, I encountered countless pits, which also troubled many friends engaged in computers. I will leave this process to the next article.

Fourth, think about risks.

At present, the price of mining server with cloud server is prepaid and fixed, so whether mining is profitable depends on the current price of virtual currency. Judging from the screenshot of Master Sun, the current income is still considerable.

The short-term risk comes from the fall of currency price, and the long-term risk is that Alibaba Cloud server prohibits mining. Alibaba Cloud has made a lot of remarks about mining on the Internet. When searching for knowledge about server mining, I also found that foreign servers are forbidden to mine.

In the long run, if the current cloud server mining does not lose money, then there will be great benefits in the future.

In the process of writing this article, Master Sun's apprentice sign was also sent out, and he was about to accept his apprentice. I also happen to regard this article as my first week's homework.