Cloud mining - everything you wanted to know but were afraid to ask

Post Reply
Posts: 9
Joined: Fri Feb 02, 2018 9:32 pm

Cloud mining - everything you wanted to know but were afraid to ask

Post by overlode » Sat Feb 24, 2018 2:09 am

Ok guys, as you well know, the popularity of ARO has increased almost 5 fold within a matter of weeks. We have seen some changes, including a GPU miner, a hard fork and cloud miners on board.
There are two ways you can look at cloud miners -

1. They are confident in the ARO project, as it is NOT cheap to run 10kh/s and above on a daily basis.

2. They are trying to get as many coins as possible to hold until such time ARO comes onto the exchange. This is obviously a gamble however you could also class it as a long term investment.

Now as you know, it was voted by the community that the GPU miner was not really wanted as a whole, and as such at the hard fork it no longer became viable to use it.

We are all once again pretty much using CPU’s to mine ARO with.

This is where my proposal comes in. Looking at the first page of the historical shares, it is easy to see who is cloud mining. Generally most people only have access to 2-4 CPU’s, giving overall h/s at around 20-100, so obviously cloud mining is a very good way to increase this number.

For the last 3 weeks I have been putting my own effort and expense into researching the whole cloud mining approach, and now with permission from Arodev I wish to share my experiences and give every one of you an opportunity to take part in an ARO investment project. You will have to excuse the length of this post, but I want to make sure I cover all areas and let everyone know exactly what cloud mining is all about and what it can offer right now.

My mission statement is simple – ARO has me hooked, I have been on board since a couple of weeks after it’s release and I have never encountered such a great bunch of people, people who offer help, advice and knowledge to those whenever someone asks. The passion within the ranks of ARO is amazing, and currently, as part of their marketing team I am very much proud to be representing ARO.

If you are purely interested in the investment part of this post, please see my “Investing in ARO” post.

Ok, onto the nitty gritty of cloud mining. For those of you who are not sure or have never heard of cloud mining, it is simply using a VM (Virtual Machine) to mine for you. Companies such as Google, Amazon and Oracle all have their own cloud infrastructure models and I am going to tell you all about them, including some others that are not as well known. I will list them one by one, giving a run down of what the service offers, including pro’s and cons.

Google Cloud Platform -

This is by far one of the best platforms to use for cloud mining. For a start they give you a hefty $300 (£214) free credit when signing up, just so you can try out their services, and we are going to take advantage of this.
There are some limits however, as a new user, you will be limited to a certain number of CPU’s available to be launched in a virtual machine. With Google though there is a little trick. If you choose to “Upgrade your account”, which can be found when you “Create” your first VM, your limits will be higher. As a non upgraded user you will only be able to make use of 24 CPU’s globally within one project (a project is basically like one server, each of those servers can run 24 CPU’s). Each project is made up of different geographical locations, each of which is limited to 8 CPU’s. If you upgrade, you will be able to make use of 64 CPU’s throughout each project (24 CPU’s per region). You are allowed to run 5 projects, which totals a massive 320 CPU’s at your disposal. As a bonus, even if you upgrade, you don’t lose your free credits.
I want you to think about how you could use those CPU’s however, as there are ways you can maximise the amount of h/s you can get if you use the VM’s right, bigger is not always better!
If you simply want a huge burst of hashing power for a short period of time, then the best setups for each region will be as follows -

For each region (US East, US West etc) you can set up 2 x 24 HIGH CPU’s, Skylake, 32Gb memory and 1 x 16 HIGH CPU, Skylake, 12Gb memory

The h/s are roughly as follows but please bear in mind, you will be using a shared resource so figures cannot be gauranteed -

24 CPU Skylake 32Gb memory VM ~ 42 h/s
16 CPU Skylake 12Gb memory VM ~ 30 h/s

70-80 h/s x 5 projects = ~400 h/s

Go slow and steady – Now this one takes longer to set up, but setting up is something I will come to later.

For 8 regions per project you can place 8 x 1 CPU, Skylake, 1Gb memory VM.

64 x 1 CPU, Skylake, 1Gb memory VM.

Do this for each project and you have a total of 320 1 CPU VM’s.

1 CPU Skylake 1Gb memory VM ~ 3.5 h/s

320 x 3.5 = ~1120 h/s

As you can see, the 1 CPU VM’s dominate the h/s but, as I mentioned earlier they are more time consuming to set up.

This is just an example of how you can use the cloud system from Google. I won’t go into details about how to setup each VM as it is very easy to do and even the newest member should have no problem with Google’s interface.

Ok so for the Pro’s and Cons -

Pro’s -

Excellent GUI
Simple to use
Generous $300 Free Credit
Built in fully working SSH console
Lots of choice of VM

Cons -

Credit/Debit card required for registrations
Although an excellent GUI, it can be slow
Slow support

Overall Google proved to be the easiest to use, along with their free credit offer, making them an excellent place to start.

Amazon AWS -

Amazon has taken things a stup higher with it’s own EC2 platform, which offers a vast array of VM’s to choose from, from 1 CPU, up to 128 CPU monsters, including VM’s with GPU’s (These have not been fully tested by myself, but could not get to work with CUDA). Amazon has a much more complicated interface, but once you get to know it, it becomes very easy to use.
Amazon does not currently offer any free credit, but I believe if you are a student you can apply for the Amazon Activate program and receive up to $200 credit.

Amazon is only to be considered if you are willing to pay for their services with no free credit or trial. The only thing they do offer is a T2.Micro instance for 750 hours per month, free of charge. That works out about the same as 1 Intel i3 CPU running at around 2 h/s for a month.

Amazon works on a thing called “Spot Requests”. These are basically “Spots” or reservations you can have per geographical location (of which there are quite a few). Each location comes with it’s own limits, and far too many to describe here. Basically when setting up a VM with Amazon you MUST make sure right at the bottom of the page, you select “Set your max price” and check the price history. This is how much you are going to pay per VM, PER HOUR. Keep an eye on your VM’s what they cost and how long you have run them for, use a notepad!!

Generally, when asking for limit increases, as long as you don’t go mad, Amazon will usually accept them, and within a couple of days I was able to use several different instances in varying quantities. Again, with Amazon, bigger is not always better!

Pros -

Lots of choice of VM
Can work out very cheap per hour in different regions.
An excellent support team and help pages section

Cons -

Easy to make mistakes and incur unknown costs
More complicated system of creating VM’s
No integrated SSH console, you will need a third party application like Putty.
No free credit

Last but not least there is Oracle Cloud -

Now these guys were a bit peculiar. When signing up they give you a massive £250 or $300 free, very similar to Google, however, signing up can be a nightmare and very hit and miss. Even using different IP’s, VPN’s and different devices, on some occasions I was not able to complete the sign up process.

The Oracle Cloud itself is actually very basic, but probably one of the most complicated to set up. There are not a massive number of VM’s to choose from, and things like firewall rules, SSH keys, port forwarding and security rules all have to be set up for you to be able to connect properly via SSH. I will leave that boring stuff out, as there are guides to doing it, but you need to read them well!

Oracle has an interesting approach to its cloud service. Although you have limits placed on you when you start, 8 CPU max, it is possible to go over that quota and actually deploy VM’s up to 32 CPU. The Oracle interface will allow you to do this, after warning you that you are going over your quota but it still allows you to do it. Although not ideal, you can repeat this for around 25-30 times before the Oracle system detects you and suspends your account. Now this is the weird bit. If you manage to get your VM’s up and running BEFORE your account is suspended, Oracle will leave them be, and they will continue to run until you run out of credit, nifty eh?

Whether or not this is intended, I don’t know, however it is entirely possible to get 30 VM’s setup and running before being suspended, giving you an overall hashing rate of approximately 1200 h/s.

Firstly for the Pro’s -

Generous £250 or $300 free credit
Once setup, very easy to use

Cons -

Complicated multi step setup
Not much choice of VM
Difficult sign up process
Account closure is possible with no warning.

Ok, this is just an overview of the biggest cloud providers around, and simply a little bit of guidance for you, if you choose to use one.

I will warn you, I accept no responsibility if you run up costs, get banned, get hunted down by the FBI, or simply do something wrong that causes you to lose out.
There are lots of provides of cloud services out there, I will list all the other I have tried at the end of this post.
If any of this helps you get a few more hashes for your ARO, then please, consider donating to either my Litecoin or ARO addresses. All proceeds will go into the ARO development fund.

Special thanks to ProgrammerDan and rvd for their help with my research.

As promised here is a list of Cloud providers that I have used in my research, some may or may not have offers still but it’s a good idea to check back every now and again -

Upcloud - <-- $25 free and this link helps fund my research for the ARO dev team.

Google Cloud Platform -

Amazon AWS -

Oracle Cloud Platform -

Superb -

Exoscale -

Vultr -

Interoute -

Microsoft Azure -

Alibaba -

IBM - ... 9432593439
Last edited by overlode on Mon Jun 11, 2018 10:09 am, edited 5 times in total.
ARO - 65AkkjBs2arwbikYVDh3B57aeehzpVp9Xw69tgewj8y8stx9FjajNhxR5Y3D9vzjYGgPGzuXbf7xSKn1C2i2DxFY

Posts: 2
Joined: Sat Feb 24, 2018 6:42 pm

Re: Coud mining - everything you wanted to know but were afraid to ask

Post by calicojack617 » Sat Feb 24, 2018 6:47 pm

This is incredible. I got started on google cloud platform this morning with the helpful guidance from overlode. I've been chugging along on PC at 5.5 H/s for the past 3 weeks. On overlode's slow and steady plan now and H/s up to 260 with 2 out of 5 projects setup. I'm a total noob and appreciate all the help from the ARO team. :D

Posts: 1
Joined: Thu Mar 08, 2018 11:51 am

Re: Cloud mining - everything you wanted to know but were afraid to ask

Post by sabbirrupom » Thu Mar 08, 2018 2:09 pm

I am fascinated with Aronium project and observing it from couple of days.

I have a vps in AWS ec2 which I use for my web development purpose. But most of the time it stays idle.

I want to set up a miner there that will connect to the mining pool, generate hashes and the payment will go to my windows wallet.

How should I do this? A step by step guidelines would be helpful.

Thanks in advance!

Posts: 2
Joined: Sat Feb 24, 2018 6:42 pm

Re: Cloud mining - everything you wanted to know but were afraid to ask

Post by calicojack617 » Sat Mar 10, 2018 2:49 pm

Hop over to the Arionum discord and ask some questions. ... 5065198593
I bet the team can help you get setup. Cheers.

Post Reply