VPS for bitcoin mining?

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#1
Hello!

Since the bitcoin is hitting more than 5.000$ per piece, more people are into it.

I, personally, believe it will burst, but I want to hear out from you is it safe use VPS for mining ?

Can it make it better ? I am sure some of you tried it and I would be grateful if you shared experience in here.
 

LJSHost

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#2
No, most hosting provider will forbid mining in their ToS. You would need to own or lease a dedicated server.
 

DenisMNE

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#3
Not recommended as you are going to spend a lot of resource in mining and would not even be worth it with all of the competition and bitcoins untrustworthy trend,
As, @LJSHost said, you will be forbidden the option yourself, since you are breaking rules.
 

KnownHost-DanielP

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#4
VPS is all going to be CPU based, your best bet is either something local with a lot of GPU's or a GPU based dedicated server. Neither of which are going to be very profitable in bitcoin mining I'm afraid.

As others have mentioned, most VPS providers prohibit things such as coin mining from being used on their network.
 

SenseiSteve

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#6
When it comes to Bitcoin mining, it's always best to check your specific provider's Terms of Service.
 
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#8
I do not think that mining bitcoin with vps can be profitable. I my opinion the best way to gain profit with bitcoin is to invest on mini coins and wait for some years.
 
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#9
You can't mine Bitcoin with a VPS. Period.

Well, you actually could mine coins on a VPS some nine years ago, but it's not viable any more, especially for Bitcoin. Here are a few reasons why:

1. Bitcoin mining is a parallel computing task, thus you need a GPU or even better a specifically designed piece of hardware called ASIC. Even though you can rent GPUs in the cloud, do the math before diving into this venture.
2. Bitcoin mining difficulty has dramatically risen over the past years, rendering CPU mining impossible, check this graph out: https://blockchain.info/charts/difficulty?timespan=all
3. Most providers will suspend your account for mining, as your server will consume 100% of CPU share 24/7
4. Most providers specifically disallow mining on their equipment

If you still want to mine coins with a VPS and found a provider that allows it, take a look at altcoins, especially those that can be mined with CPU.
 
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