The new AWS instance that makes ETH mining profitable
Mining Ethereum on AWS until now wasn’t profitable. This new AWS instance is the game changer that not only breaks even but can finally make you money!
Ever since I wrote my first article about Ethereum and Bitcoin mining on AWS more than a year ago I was bombarded over and over again with the same sort of questions :
- Is it profitable now that the ETH price has increased?
- … that this new AWS instance type was released?
- … that this new coin is the hype of the day?
So far the answer was always a NO. The profitability has gradually improved from some $20 mined in ETH for every $100 spent on AWS services a year ago, to $60 or $65 in ETH for the same $100 AWS spent a month ago. You would still be losing money though.
Until now. Let me introduce you two new GPU-enabled EC2 instances, one of which finally changes the game. It took me some time to benchmark them because they are not the typical some-kind-of NVIDIA GPU in some-kind-of Intel CPU platform that we have seen so far in the form of p3.2xlarge, g4dn.xlarge, or as the newer g5.xlarge instances. Nope, these two that we are going to benchmark today are completely different and…
