VPS for bitcoin mining?

Dunk92

Member
Registered
Joined
Apr 15, 2018
Messages
43
Points
6
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

Well-known member
Hosting Provider
Registered
Joined
Jul 5, 2016
Messages
1,031
Points
63
No, most hosting provider will forbid mining in their ToS. You would need to own or lease a dedicated server.
 

DenisMNE

Well-known member
Collaborate
Registered
Joined
Apr 11, 2018
Messages
108
Points
18
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

Well-known member
Hosting Provider
Registered
Joined
Mar 1, 2018
Messages
121
Points
28
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.
 

Dunk92

Member
Registered
Joined
Apr 15, 2018
Messages
43
Points
6
Dunk92
Yeah, I will stay away from it.
Thanks for sharing.
I did not notice that part in ToS, so I won't even bother to do anything else regarding bitcoin on VPS.
 

SenseiSteve

Web Hosting Sensei
Hosting Provider
Registered
Joined
Nov 11, 2015
Messages
273
Points
28
When it comes to Bitcoin mining, it's always best to check your specific provider's Terms of Service.
 

Dunk92

Member
Registered
Joined
Apr 15, 2018
Messages
43
Points
6
Dunk92
Did it.Thank you.
Yeah it is prohibited.
ToS is something you usually do not pay attention to much and I am glad I got my answers answered in here.
 

Zoti Media Group

New member
Registered
Joined
Feb 21, 2018
Messages
5
Points
3
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.
 

Marcus_SM

Member
Hosting Provider
Registered
Joined
Apr 6, 2018
Messages
53
Points
8
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.
 

monovm

New member
Registered
Joined
Nov 9, 2023
Messages
1
Points
1
Mining Bitcoin with a VPS (Virtual Private Server) has become inefficient due to the high computational power required for Bitcoin mining. However, running a masternode for other cryptocurrencies, such as TomoChain, can be a viable alternative for generating passive income.
 
Older Threads
Replies
0
Views
1,171
Replies
0
Views
1,155
Replies
10
Views
5,673
Replies
10
Views
4,270
Newer Threads
Replies
4
Views
2,779
Replies
15
Views
5,771
Replies
2
Views
2,367
Replies
3
Views
2,187
Replies
3
Views
1,180

Latest Hosting OffersNew Reviews

Sponsors

Tag Cloud

You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.

Top