I have hardware in a datacenter that is often underutilized. No GPUs, but I have several ~3ghz cores/threads available and dozens of GB of memory. I always wondered if it was worth mining monero in a vm to monetize the the hardware when idle. Electricity is all paid for, so no additional cost there…
I have no experience with crypto, so just looking for some recommendations or if it’s a complete waste of time, please let me know. That said, I kind of want to try it out for the experience even if it’s only making a few dollars a month or something.
So, my question is what currency is suited for this and how should I go about mining it?
Only true if you have to pay for hardware and electricity. Since OP already has the “Hardware” and Pays for Electricity anyways, mining any crypto currency is 100% net income.
I have no clue what to go for though.
I would do that , but I periodically do need to use all/most of it. The crypto thing would be a vm that I turn on and off based on workload.
I’ll post updates here. I will most likely try to setup monero mining with the base tools in cli. I’m assuming I’ll need to join a pool, although if I don’t have to, I won’t. I’d like to go through the whole process of managing the wallet myself.
I only suggest that because I feel like it would be more profitable than crypto. Anything with a difficulty that would be feasible on CPU only would also probably not be worth much.
I totally agree, but again, it doesn’t work for me in this case. The datacenter hardware is half client services and half testbed. I can’t tell someone that I’m taking their VMs down for a few days because I need to run some tests…
That said, in the future I’d be totally open to hosting, but I’d want to have something more robust for that (ceph/openstack probably). Currently I’m still messing around with different hypervisors and generally doing a lot of experimentation.
There exists coinsat are better suited foe CPU mining than monero, ,I’ve forgotten their names though. Also, it is quite possible that they’ve been weeded out after the slight correction in 2018.
Therefore, due to it’s robustness (in terms of longetivity) monero might he a decemt choice after all.
You could also hold onto your coins and speculate that their price rises in the mid/long term.
Well for F@H alone you get nothing besides e-penis points. FLCD and CURE are rewarded based on how many points you got. So you really don’t loose anything.
The question that remains though, is if participating in a PoS system wouldn’t yield greater profits. However, there is always the initial stake that needs to be tackled…
But with PoW, I doubt something like Monero will be profitable, but you could do some calculations before starting