Minning Cryptocurrency

noobie 21

is it ok to mine cryptocurrency on azure with a service (pay as you go)?

Accepted answer

Pierre Audonnet - MSFT 10,166 Reputation points Microsoft Employee

2021-09-20T01:54:17.77+00:00

I would assume that's okay as it is not mentioned in there: https://azure.microsoft.com/en-us/offers/ms-azr-0003p/ whereas it is specifically forbidden on some types of subscriptions (e.g. free subscription).
I don't think it could be profitable at all though. The cost of the type of machines you will need to mine efficiently will very likely be way higher than your potential gain.
Please sign in to rate this answer.

0 comments No comments
Sign in to comment

1 additional answer

noobie 21 Reputation points

2021-09-20T02:22:50.837+00:00

For the cost, is it cut every month or every week?
Please sign in to rate this answer.
Pierre Audonnet - MSFT 10,166 Reputation points Microsoft Employee

2021-09-20T02:28:59.19+00:00

It is "As you go" :) For a good GPU you might need at least a NC model which is not less than $1,000 per hour.
You can do the pricing yourself: https://azure.microsoft.com/en-ca/pricing/calculator/

noobie 21 Reputation points

2021-09-20T02:43:54.833+00:00

I mean is:
For example, I started using 1 VM On 20/02/2021, When should I make a payment?
whether every Sunday or every month (Beginning of the month)

Pierre Audonnet - MSFT 10,166 Reputation points Microsoft Employee

2021-09-21T00:25:32.32+00:00

AFAIK, monthly and first day the sub becomes active is the start of the period.
For the VM you would pay for all the ressources consummed by the VM in that period. All this is on the general conditions. I am curious, are you planing on mining and make profit?

Pierre Audonnet - MSFT 10,166 Reputation points Microsoft Employee

2021-09-21T00:27:04.207+00:00

That is a bit dated but shows how challenging it would be to make even $1...
https://joshheffner.com/azure-crypto-mining/ [External site]
The author's conclusion:

A better investment would be to buy hashing power directly from those willing to sell it, acquire your own mining hardware, or just buy the cryptocurrency instead in hopes of future gains.
Sign in to comment