Free Litecoin mining via Microsoft Azure
47°Expired

Free Litecoin mining via Microsoft Azure

58
Found 3rd Feb 2014
So you may have heard about bitcoin, litecoin and other crypto currency.

If you don't know what it is, here's the wikipedia link:

en.wikipedia.org/wik…oin

This deal makes use of a free trial of the Microsoft Azure cloud computing platform. This requires a credit card, a Microsoft policy so that people don't keep registering new accounts for the free deal.

The guide on UKLTC, which is a great pool to use, running on zero % commission, explains how to set up two/four 8CPU 16GB RAM cloud instances, and start mining litecoin.

Keep in mind this costs you nothing, if the litecoin price goes the same way the bitcoin price did, having even a little piece of the action will be worth while.

Speculative I know, however it's less than 30 minutes of your time to follow this guide and set everything up.

The azure trial expires in 30 days, or when you rack up £130 worth of use, which will likely be in 2-3 weeks.

Yes, I have used this myself, I wouldn't post here if I hadn't.

Edit: A better more profitable pool: ltcrabbit.com/

58 Comments

Any idea if this can be used as a rendering farm?

Original Poster

doylie1984

Any idea if this can be used as a rendering farm?


Keep in mind this is CPU mining only, not GPU mining.
If you have a GPU (ATI or Nvidia graphics card) you can mine much more yourself, but you pay for the power, where as Microsoft foots the bill here

However if you are happy to use software only rendering you are free to do so.

Getting started guide
Edited by: "arduino" 3rd Feb 2014

Had a quick look at the links and I think I understand that Azure is a cloud VM (free for a month) and Litecoin is a form of electronic currency. However what is Litecoin Mining and what can you do with it?

Wow, an amazingly intelligent deal. Nice one OP!

Any estimates on the amount of litecoins you can get in the trail period?

Since it's only CPUs you'd probably be better off mining a CPU only coin like primecoin and then exchange it for whatever you like on one of the exchanges such as cryptsy. Litecoin is probably a good investment though.

Original Poster

B_T

Had a quick look at the links and I think I understand that Azure is a … Had a quick look at the links and I think I understand that Azure is a cloud VM (free for a month) and Litecoin is a form of electronic currency. However what is Litecoin Mining and what can you do with it?



Litecoin mining is the action of generating the currency.
For each crypto currency there are a finine number, unlike 'normal' currency where more can be printed whenever.
Like any currency you can exchange it for other currancies or spend it on goods and services.
Reading the wikipedia link will likely answer your questions

Original Poster

geekeh

Since it's only CPUs you'd probably be better off mining a CPU only coin … Since it's only CPUs you'd probably be better off mining a CPU only coin like primecoin and then exchange it for whatever you like on one of the exchanges such as cryptsy. Litecoin is probably a good investment though.



Yes, I believe Litecoin would be a better long term investment.
Using this trial which expires automatically seems like a good way to get a stake in it for nothing, excluding the 30 mins setup.

Original Poster

Holyman4vr

Any estimates on the amount of litecoins you can get in the trail period?



Using the pool you get a percentage of litecoin found by everyone in the pool. This is to compensate you for your mining effort.
You may get lucky and end up and be the user who finds one.

So the factors depend on how many people are mining, how many rounds the pool gets through in this time, and to an extent luck (well, you could randomly find some). Worst case scenario I think you'd make ~ 0.015 LTC, as I did.

Again, at the moment this isn't worth a great deal, however in future the price per LTC may go up (the way bitcoin has). This happens when more LTC are found (remember there is a finite number of them) and demand for them. Also, like bitcoin, they can be used to pay for things..

A couple of other ways for free Windows Azure that might be helpful for your litecoins if you qualify for either of these MS partner programs...

I have a free Microsoft Websitespark subscription (Visual Studio MSDN) and it includes12 months free Windows Azure. I think Websitespark merged to Bizspark so not sure if that still includes free Azure but you might want to take a look as could be handy as more than a 1 month trial for you to use for litecoins. I also have another free Azure through the Microsoft Cloud partner program - £130 azure credits for month 1 and £65 ever month after that.

I don't know anything about litecoins but thought the info might be helpful to you guys

Original Poster

freebiehunter

A couple of other ways for free Windows Azure that might be helpful for … A couple of other ways for free Windows Azure that might be helpful for your litecoins if you qualify for either of these MS partner programs...I have a free Microsoft Websitespark subscription (Visual Studio MSDN) and it includes12 months free Windows Azure. I think Websitespark merged to Bizspark so not sure if that still includes free Azure but you might want to take a look as could be handy as more than a 1 month trial for you to use for litecoins. I also have another free Azure through the Microsoft Cloud partner program - £130 azure credits for month 1 and £65 ever month after that. I don't know anything about litecoins but thought the info might be helpful to you guys



Very helpful information, thank you

arduino

Very helpful information, thank you



You're welcome

Banned

Thanks so much for the post OP!

So I followed all the links and the very helpful guide. I have two workers running on my two VMs.
Is that it? Do I need do nothing else?

Will my free trial expire of its own accord in the next 27 days? Will my VMs continue to mine for me, unattended?
Do I just sit back and relax? Check the currency income in a few weeks?
What does the OP recommend?

Original Poster

LucasRadebe

Thanks so much for the post OP!So I followed all the links and the very … Thanks so much for the post OP!So I followed all the links and the very helpful guide. I have two workers running on my two VMs.Is that it? Do I need do nothing else?Will my free trial expire of its own accord in the next 27 days? Will my VMs continue to mine for me, unattended?Do I just sit back and relax? Check the currency income in a few weeks?Also, if you have an Nvidia or ATI graphics card you can set it up mining. Keep in mind you'll be paying for the electricity :)What does the OP recommend?



Sit back, and have a cup of tea.
Via the pool website you can monitor the work done by your VMs and the LTC generated.
Login and click Dashboard, it shows you a graph of the your workers, and the pool status.
There's a chatbox to talk to other members should you have questions.

Keep in mind this will run 24/7 until £130 worth of compute units are used up, so within 2-3 weeks you'll have an email from Microsoft telling you the VMs have been shut down. At this point I logged into azure, deleted my VMs and closed the account.

If you have an Nvidia or ATI card you may want to consider using it to mine.
GPUs are much better suited to this sort of calculation. A low end ATI GPU will out perform these two large VMs.
The down site is you pay the electricity bill. Or, maybe not if you're a student and live in halls
You'd need to set up a different worker for each thing connecting to the pool.

I've also read that some people are able to create more than two VMs. The more VMs the higher your hash rate.

Edited by: "arduino" 4th Feb 2014

Original Poster

LucasRadebe

Will my VMs continue to mine for me, unattended?



To answer this in detail. The guide shows how to launch them via the linux screen command. This means they will run in the background when you disconnect

Login to the pool., go to workers and set up alerts to tell you if the VMs fail. This won't happen until you burn through the azure trial
Edited by: "arduino" 4th Feb 2014

Banned

arduino

To answer this in detail. The guide shows how to launch them via the … To answer this in detail. The guide shows how to launch them via the linux screen command. This means they will run in the background when you disconnectLogin to the pool., go to workers and set up alerts to tell you if the VMs fail. This won't happen until you burn through the azure trial


My Hashrate is 30, my difficulty is 16. For both workers.
Does that mean they are operating unattended? I have a zero balance of LTC.

I launched through Windows on the recommended PuTTY program using Linux-based VMs.

EDIT: just seen your first reply to my questions, apologies.

Edited by: "LucasRadebe" 4th Feb 2014

Original Poster

LucasRadebe

My Hashrate is 30, my difficulty is 16. For both workers.Does that mean … My Hashrate is 30, my difficulty is 16. For both workers.Does that mean they are operating unattended? I have a zero balance of LTC.I launched through Windows on the recommended PuTTY program using Linux-based VMs.EDIT: just seen your first reply to my questions, apologies.



On the side bar you should see

LTC Estimates
Block value here
Fees 0.00000000
Donation 0.00000000
Payout value here

These stats update every so often, and are unique to you.

Read

getting started, this will setup a wallet, you can create an address for the pool, and add it to your account under "Edit Account"

How much LTC did you manage to mine before the compute units were used up?

Is it worth the time and effort to set it up?

Original Poster

Reisclef

How much LTC did you manage to mine before the compute units were used … How much LTC did you manage to mine before the compute units were used up?Is it worth the time and effort to set it up?



1. Read post number 8.
2. That depends on what you want to do. If you're concerned with the risks I suggest you spend time investigating the subject yourself. I'm not here to convince you to spend 30 minutes doing something.

Not at all. It's just the first time I've tried to set up proper mining equipment, and due to the time/computing constraint, I was curious (if you have indeed done this before) what amount of LTC you managed to mine.

I understand the difficulty and hashing, but was just looking at a perspective from someone who had done so before.

Original Poster

Reisclef

Not at all. It's just the first time I've tried to set up proper mining … Not at all. It's just the first time I've tried to set up proper mining equipment, and due to the time/computing constraint, I was curious (if you have indeed done this before) what amount of LTC you managed to mine.I understand the difficulty and hashing, but was just looking at a perspective from someone who had done so before.



I directed you to the wrong post, post #10 rather than post #8

Sorry! My mistake! Thanks for the information!

Will see if I feel its worth my while but heat added anyway!

I cant seem to get putty to work it just keeps saying connection timed out but doesnt let me type in the command box. Any help?

nabz234

I cant seem to get putty to work it just keeps saying connection timed … I cant seem to get putty to work it just keeps saying connection timed out but doesnt let me type in the command box. Any help?



Does it request a password? Just type the password in, it won't appear in the command box whatsoever, and click enter. If it's not that, then maybe wrong field has been filled in - I'll admit at that stage it seems to stop holding your hand with the screenshot instructions.

Do the Virtual Machines automatically stop one credit is used up, as I see nothing to stop credit card being charged afterward going through the credit? Also, as you mentioned the benefits of being a student in halls, I have no need to worry about cost of electricity - now when I once briefly researched bitcoin mining it had gotten to the stage where they had to measure GPU efficiency hash/watt, as I don't need to worry about such efficiency that, what is the cheapest/performance GPU I could get my hands on? plus the whole computer too :P I'd need to build it.

You have got me looking for other cloud computing trials now!


Edited by: "PaddyZee" 4th Feb 2014

Original Poster

PaddyZee

Does it request a password? Just type the password in, it won't appear in … Does it request a password? Just type the password in, it won't appear in the command box whatsoever, and click enter. If it's not that, then maybe wrong field has been filled in - I'll admit at that stage it seems to stop holding your hand with the screenshot instructions.Do the Virtual Machines automatically stop one credit is used up, as I see nothing to stop credit card being charged afterward going through the credit? Also, as you mentioned the benefits of being a student in halls, I have no need to worry about cost of electricity - now when I once briefly researched bitcoin mining it had gotten to the stage where they had to measure GPU efficiency hash/watt, as I don't need to worry about such efficiency that, what is the cheapest/performance GPU I could get my hands on? plus the whole computer too :P I'd need to build it.You have got me looking for other cloud computing trials now!



Cheap single core mobo
2GB RAM
Boot from USB with this. No hard drive required. Less power, less noise.

Hardware list here tells you what you'll get.
I run 2 x R9 270X

The pool has a forum and a chat box you can ask on if you have concerns.

Azure stops when it runs out of credit, you won't get billed. I didn't.
I did close my account once it sent the out of credit email
Edited by: "arduino" 4th Feb 2014

Original Poster

nabz234

I cant seem to get putty to work it just keeps saying connection timed … I cant seem to get putty to work it just keeps saying connection timed out but doesnt let me type in the command box. Any help?



Sometimes it takes Azure a while to initialise, even when the web interface says it's fine.

Do I use the same worker on the second machine? Or do I create another worker?

Also I'm pretty impressed by the Azure interface etc, much better than just setting up a VPS haha.
Edited by: "Nevasleep" 4th Feb 2014

I'm up to the part where I'm supposed to unzip the file:

Unzip it:tar xzf pooler-cpuminer-*.tar.gz



But it doesn't seem to be doing anything?

EdWasHere

I'm up to the part where I'm supposed to unzip the file:But it doesn't … I'm up to the part where I'm supposed to unzip the file:But it doesn't seem to be doing anything?


Do ls command, what do you see?

cpuminer-2.3.2 pooler-cpuminer-2.3.2.tar.gz … cpuminer-2.3.2 pooler-cpuminer-2.3.2.tar.gz pooler-cpuminer-2.3.2.tar.gz.1



Cpuminer is in blue, pooler is red, second pooler is white, that's all

EDIT: I think I have it working now, the blue Cpuminer is the folder that was probably unzipped (it didn't say anything though when I typed in the unzip command), it's now doing something! And that's what matter right? X)

And for the second VM, would I need another worker for that or should I just use the same worker?
Edited by: "EdWasHere" 5th Feb 2014

Yep thats it, it doesn't output anything when it unzips correctly.

I created a new worker for second machine, that's what googling recommended I do.

Nevasleep

Yep thats it, it doesn't output anything when it unzips correctly.I … Yep thats it, it doesn't output anything when it unzips correctly.I created a new worker for second machine, that's what googling recommended I do.



Ah. I connected the same worker to both VM's, how do I cancel one and assign it to another worker (without having to close a VM and reopening if possible)? Tried to just use the same ./minerd with the second worker but it failed
Edited by: "EdWasHere" 5th Feb 2014

I personally mine scrpyt coins using 5 x R9 280x and achieve around 3.5MH/s which nets me typically around £15-£20 a day depending on the coin I mine.
I personally would suggest mining another coin that Litecoin (LTC) the difficulty is very high and with this type of power its unlikley to generate much, That said as other have pointed out Litecoin is expected to increase massively in price.
Like all other coin there is no guarantee this will happen

Original Poster

Whyte901

I personally mine scrpyt coins using 5 x R9 280x and achieve around … I personally mine scrpyt coins using 5 x R9 280x and achieve around 3.5MH/s which nets me typically around £15-£20 a day depending on the coin I mine.I personally would suggest mining another coin that Litecoin (LTC) the difficulty is very high and with this type of power its unlikley to generate much, That said as other have pointed out Litecoin is expected to increase massively in price.Like all other coin there is no guarantee this will happen



That's quite the investment (5x280x), what's your power draw?

arduino

That's quite the investment (5x280x), what's your power draw?



Have 4 x 280x in a dedicated rig pull between 1050-1120watts, I then have my own PC with another 280x runs about 300watts total including a SSD, 2 x RAID1 2TB and i5 3570k.

Both systems are undervolted, Need anymore info just let me know.
Its certainly worthwhile, aslong as you can swallow initial outlay and increase in electricity costs

Anyone else getting "Sorry! We could not complete the transaction using this payment method. Please contact support."

And you can only get support if you have an active subscription - good old chicken and the egg problem - nice one MS

Hot freebie - tad frustrating that the azure trial signup process isn't working

Original Poster

dps5pt

Anyone else getting "Sorry! We could not complete the transaction using … Anyone else getting "Sorry! We could not complete the transaction using this payment method. Please contact support."And you can only get support if you have an active subscription - good old chicken and the egg problem - nice one MS :)Hot freebie - tad frustrating that the azure trial signup process isn't working



No, was it a weird card, they may only support a few.

arduino

No, was it a weird card, they may only support a few.



Standard cards used....

Also setup a new live account as one forum suggested but still didn't work. Was interested in trying this as i'd seen the potential of such a thing when i first dabbled in mining a few month back - might have a try again later....

Edited by: "dps5pt" 5th Feb 2014

Banned

Anybodyelse's workers gone idle today?
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