[Experiment] Is it possible to mine Storj with Google Cloud free trial?
Introduction
I've been thinking 💭, it is possible to earn and contribute to Storj using Google cloud free trial? Google Cloud comes with $300 credits. This experiment can also possible with Amazon AWS (a possible extension) and Microsoft Azure. But I used up all my $200 credit in my Monero Mining experiment earlier on my Steemit post ¯_(ツ)_/¯.
I'll be aiming for the Virtual Machine (VM) with the least cost, eg. 1 vCPU Broadwell, 8GB of RAM and give it plenty of storage (max out at 2048GB) (coz it's used for Storj 😂).
I'll be testing this intriguing concept out during the next few days, so stay tuned!
Edit (4/9/17): 8 vCPU Broadwell (max out) (as each CPU acts as a node. hence it's capable of running 8 nodes), 20GB RAM (min 1-2 GB RAM per node)
Update 1 (4 Sep 2017)
I have edited my VM specifications to more optimal levels, after setting my VM with Ubuntu 16.04. If Windows server is selected, there is an extra cost of $29.20/month.
Cost breakdown and Specifications
$302.94 per month estimated
Effective hourly rate $0.415 (730 hours per month)
| Item | Estimated costs |
|---|---|
| 8 vCPUs + 20 GB memory | $304.04/month |
| 2048 GB standard persistent disk | $90.11/month |
| Sustained use discount | - $91.21/month |
| Total | $302.94/month |
Hmm... Setting up Storj is harder than expected, I may need more time in this :)
Citations
Introduction
- N.a (n.d.). Storj Share Daemon (CLI). Docs.storj.io. Retrieved from https://docs.storj.io/v1.1/docs/storj-share-daemon-cli
- Ciprian V. (28 Aug. 2017.). How to Mine Storj & How Profitable Is It? - 1st Mining Rig. 1st Mining Rig. Retrieved from http://1stminingrig.com/mine-storj-profitable
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond Please consider upvoting this comment as this project is supported only by your upvotes!
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond Please consider upvoting this comment as this project is supported only by your upvotes!
That sounds cool!
I will be watching. I haven't done any of these trials yet.
This might be less likely to get shut down?
That's what I'm counting on. I don't think Google will mind 100% Disk and Network usage, as compared to hating 100% CPU usage so much. I really hope this works out :)
Does storj have enough customers to keep it running full speed all the time?
That really depend on the demand, because you will only get paid for the amount of storage rented out and downloaded amounts. Filezilla integration with Storj definitely help in increasing demand :)
Nice!
Definitely looking forward to your results
Thank you for this article, it's very interesting! In the end, was profitable to mine STORJ on Google Cloud? Also, is there any pool to connect to, or it's just a service that you have to keep up and let it go?
Have you thought using some faucet site in the meantime?
Thanks!
Diego