Is it profitable to use Amazon EC2 to mine litecoins?

Question

I saw that mining BTC with CPU is not profitable anymore, and that you'd lose money mining bitcoin. Is the same thing true of litecoin?

While the other question was technically about mining BTC and as such is not technically a duplicate, LTC mining on an EC2 node was discussed in an answer to this question — David Perry, Apr 02 '13 at 21:38

score 1 · Accepted Answer · answered Feb 12 '14 at 15:50

Yes it can be worth it, but generally what happens is if it ever is worth it then a huge number of people start doing it until the prices of EC2 are driven up and it is no longer profitable. Here is a good blog post about the subject:

http://da-data.blogspot.com/2013/12/briefly-profitable-alt-coin-mining-on.html

score 0 · Answer 2 · answered Feb 12 '14 at 12:46

0

Only if you use the micro instance with a free account for the first year.

answered Feb 12 '14 at 12:46

xmux

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Is it profitable to use Amazon EC2 to mine litecoins?

2 Answers2