Guide To Cloud Mining Primecoin

Hello Everyone,
I’m here to release a new cloud mining guide for you guys. These guides are great for getting started with bash programming, mining crypto currencies, and making some money along with all that.

These guides work on Digital Ocean cloud servers. Right now if you sign up and spend $25 with my referral link here: https://www.digitalocean.com/?refcode=3a96071d7d5f I will give you guys $10 back to your paypal - equivalent to a 40% discount! Send me a PM after you spend the $25 to receive your $10 back and I’ll tell you how to get proof!

Here is how you start. First you need to sign up for digital ocean. Please make sure to use my referral link: https://www.digitalocean.com/?refcode=3a96071d7d5f If you use my referral link to sign up and spend at least $10, I will send you 0.50 XPM free!

Next you need to create a droplet. I would recommend the 8gb 4 cpu option that costs $80/month but feel free to go higher or lower. Just don’t use the $5/month one because I sometimes got errors when trying to run this program there, I don’t think it has enough memory for the job, but you can start at the $10/month one! After you have that done, make sure you pick Debian 7.0 x64 as your image. Then hit create.

Soon your username (always root) and password will be emailed with you. Go to your droplet in digital ocean and then hit console access. Type in your username and password [note: your password won’t appear as you type it, just type it and hit enter.]

After you do that. Type in the following code, pay attention to spaces!

sudo apt-get update
sudo apt-get install yasm -y git make g++ build-essential libminiupnpc-dev
sudo apt-get install -y libboost-all-dev libdb+±dev libgmp-dev libssl-dev dos2unix

git clone https://github.com/thbaumbach/primecoin
cd ~/primecoin/src
make -f makefile.unix
./primeminer -poolip= -poolport=1337 -pooluser= -poolpassword=<Type the word ‘PASSWORD’ all caps-beeeeer.org doesn’t have actual passwords> -genproclimit=

Your pool ip will vary per location. Here are your choices:
EU: 176.34.128.129
US: 54.200.248.75
ASIA: 54.251.179.44

Go to http://beeeeer.org/user/ to see how many coins your getting!

In my opinion, anyone who does this will end up losing money compared to just buying their cryptocoin at an exchange.

Think about it: why would a company offer you this, instead of mining on their own and selling what they mine for profit? The reason is that you are the customer, and they can increase their profits by making money off of you.

Any money you could theoretically make would have to be taken from the potential profits of the cloud mining company. See also: http://en.m.wikipedia.org/wiki/Zero-sum_game