Pages Menu
TwitterRssFacebook
Categories Menu

Posted by on 15th January, 2014

Cloud mining Datacoin

Cloud mining Datacoin

I missed the boat on buying hardware mining equipment but still wanted to try mining for myself. Besides the initial cost, the financials of electricity costs with diminished returns, it just didn’t seem profitable at the time, and even less now. Now, without owning any hardware, one can still mine with cloud hosted solutions; whether it is Azure, or any other cloud service, you just create a Virtual Machine, install the wallet software for the crypto-coin you want to mine for and let it run for days on end. Just come back after a while to check on your balance. On Digital Ocean, you can run a single instance for about US$5 per month. I picked a coin that is not very popular with low difficulty, so I could get some decent amount of coins in return for experimental purposes and not necessarily to make money. I picked Datacoin [datacoin.info] and here are the steps I followed for mining this coin: Go to digitalocean.com and create an account. Once...

Read More