Mining Bitcoin and Ethereum on AWS

The Bitcoin mania has struck again. With the BTC and ETH prices at all times high many people look for ways to take part in the frenzy. Start mining on AWS today using our easy to use CloudFormation template. Or better not? Let’s find out…

Photo by André François McKenzie on Unsplash

How to mine Bitcoins on AWS

Ethereum mining on AWS GPU instances

  • Ethereum wallet for the payouts
  • Mining software
  • Join a mining pool
  • Efficient hardware

TL;DR for the impatient

From my GitHub repo...

ETH Wallet, Pool and the Mining software

Photo by Kelvin Ang on Unsplash

Choosing the right EC2 instance for mining

Some AWS GPU instance types
  • the cost per hour, and
  • the hash rate it can generate

Update — end of 2021

Step 1 — measure the performance of different instance types.

Measured MH/s

Step 2 — find the best prices

Spot prices in Ohio

Step 3 — the most cost-effective instance type

Mega Hash per Dollar

Step 4 — crank it up and get rich

EthMiner CloudFormation template

How much will I make?

Ethereum network difficulty raised from 3.5 to 5.
  • The ETH price increased from $450 to $4500
  • AWS have introduced new more powerful instance types
  • The end of Ethereum mining is coming soon with the switch to ETH 2.0

Happy mining!

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AWS Ambassador ★ AWS Cloud Consultant at Servian in New Zealand

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Michael Ludvig

AWS Ambassador ★ AWS Cloud Consultant at Servian in New Zealand