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Author: Admin | 2025-04-28
Yes, you can still mine crypto in the public clouds even after Ethereum switch to Proof of Stake!Crypto mining on AWS and GCPWhen the “big” Ethereum (ETH) switches to Proof-of-Stake on September 15 it will no longer be possible to mine it on GPUs. We all know that. However there are still other coins, for example Ethereum Classic (ETC) that we can keep mining. And we can certainly do it in the public clouds like AWS or GCP.Ethereum mining and “The Merge”For a long time Ethereum (ETH) used to be the favourite (= most profitable) crypto coin to mine on GPUs. People were building “mining rigs” — specialised computers equipped with lots and lots of NVidia or AMD Radeon GPUs — and operated them 24/7 in order to earn new ETH coins. The cost of setting up these rigs was massive, many thousands or even tens of thousands of dollars. And this upfront cost was obviously a big barrier for many wanna-be miners.Welcome cloud-based mining. In the cloud — be it AWS or GCP — we can hire GPU capacity on hourly basis without the need for a massive upfront investment to buy the equipment first. For many years I have been maintaining open source templates for AWS Ethereum Miner and more recently GCP Ethereum Miner for anyone to use.However on September 15, 2022 the Ethereum blockchain is switching from Proof of Work (i.e. mining) to Proof of Stake (PoS), during an event called The Merge. A lot has been written about this change to PoS and I’m not going to repeat it here. The bottom line is that Ethereum (ETH) mining will no longer be possible after Sep 15.Is this the end of crypto mining in the cloud? Of course not!Ethereum Classic mining in AWS and GCPWhile mining ETH will soon be over there are still other crypto coins to be mined. For now I have updated both the AWS and the GCP templates with Ethereum Classic support, one of the coins that can still be mined after The Merge. You are welcome :)Couple things to bear in mind
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