Bitcoin Forum

Hi guys i have like 15 k euro that i would like to invest in equipment for mining . but i am not shure what to buy and what would be most profitable to mine .....anybody have any advice?

I would start by studying the different projects and finding one that has a vision that works for you. Watchout for projects that are connected to existing companies i.e. Ripple, Stratis and SiaCoin this could be good or bad depending on perspective. If you just want to jump in and learn the hard way (not a great idea) at least do the following.

Get a basic understanding of BlockChain take the Crash course with 99Bitcoins.com complete it.
Visit  whattomine.com - estimates what you can potentially earn - information only valid for "today"
Visit nice hash.com - they sells /buy hashes so what they pay per miner, GPU for each coin is on the site.
If and when you decide to buy miners try and buy directly from the manufacturers. Also know that ordering is for a very short period.

ASIC Miners
www.Bitmain.com
www.iBelink.co
https://canaan.io/product/avalonminer-741/
https://shop.pinidea.io/
http://www.baikalminer.com/

Others
http://www.cryptobadger.com
https://mineshop.eu

Go to youtube and checkout mining videos. Especially GPU Mining
Note the dates on videos as some information becomes outdated by current events.

If you are planning on buying an ASIC miner also plan for a colocation hosting or a quiet server cabinet /Soundproof server cabinet ASIC miners are very loud and not designed for homes. You would have to have a plan to deal with the noise and keep it cool at the same time.

http://www.kellsystems.com - Soundproof Server Cabinets

There really is no short cut. Attempting to take one would result in you buying obsolete ASIC miners or overpriced items on AliExpress or Ebay. Do not spend a dime until you clearly understand what you are investing into. All the best.



 

Definitely do your own research. Protect your money and investments because  no one else will care if you take a lost or not.

Also there are only a handful of mining hardware available on the market, if your asking people here what to buy and mine or how to spread your budget, i suggest dont get into this game yet. Your not ready!

But if you have an idea of what direction you want to be heading towards, but need advice. Post your options and ask for suggestions.
Just keep doing your research everyday, watch crypto prices, news, updates, developments,  hardware manufacturer batch release dates.

But my suggestion to you is dont put any money into this game yet, judging from your question.
Your definitely not ready to invest into this business yet.
Keep your hard earned money and do something your knowledgeable and good at! Your definitely will be minimizing your risk.

One question, what's the energy price in your place, if it's higher than 0.05$ KWH, it will be really risky for you to mine anything, because you may cost around 30~40% of coin income for mining. If the price is comparatively low in your place, you would be better utilize these resource. For me, you could buy some potential coins, e.g., DeepOnion. The price is around 3$, but I believe it will raise to around 100$ soon....

that's so f'king bull.sh*t!! if your electricity is hlgher than $0.05 kwh it won't be profitable to mine?

do what this guy is doing, build your account to higher status and get paid chump change to  advertise other company campaigns.

Well the forum allows it don't blame the guy doing it.

At the op.

My power is 20 U.S. Cents in the summer and 10 cents in the winter .  I make money mining.

You have 15 k in euro  you need to find your power cost.  You need to decide whom to trust.

May I ask which country in Europe ?

Geez, dude, is that a hate comment? there is nothing wrong with getting to higher stats and paid by sig campaigns, better to correct it, you're not helping either. as for the OP, check/read about hardware hashrates on what you are going to mine, estimate difficulty, check online mining calculators, like whattomine. if your power pricings in your area is more than 0.2$/kwh think twice.

Excellent advice, worth repeating.

I would also add that you should start mining with what you have before wastinginvesting any money.
Do you have a desktop PC with a decent GPU? Use that. If not you can mine with a decent CPU. Laptops are
not recommended, they can't handle the heat of hard use 24/7.

Once you have some experience you can make an informed decision of how you want to proceed.

No not hate comment, but you can clearly see the reason he posted.

If you have the money but do not have the cheap electricity or technical knowhow, it is better to buy good coins directly.

Sorry for this advice, but I think it is the best for you : buy Bitcoins and wait to learn and understand a lot before buying anything in mining hardware.
Mining is quiet difficult for non specialists and you can lost your money very quickly.
After months to learn, you will understand and perhaps thank you me :-).

There is only one rule in mining bussines - always buy in a first wave. If you will buy new asic with some new algoritm you will have much more chances to take big profit. 

buy coins jeez mine small maybe a rig or asic or 2

IMHO see if you can build a very modest 3 GPU rig through googling and your own research. Once you build it, see if you can get it running and mining. Don't just spend all your money at the beginning - if you can do 1, then take it from there. My opinion.

Really in almost all circumstances, it is better to just buy the coins and hold. Unless you just really want to learn mining, or you have a line on free elecric

Buy the good coins, not the scam coins. But it is difficult to tell.

Read and learn.

Start small and don't put all your money in it. Maybe it's not your thing and you don't want to find that out after putting 15K in it.

With 15K, I'd invest, not mine.  The best cards are 1080ti's right now, and run $1000 in the U.S.  ROI will be far away when the Eth miners relocate to the semi-profitable coins currently mineable by GPU's.

This entire section of the forums is called Mining. If you take a look at just a few pages here your answer will be answered very quickly. Electrical costs and how much electricity you can access are the two most important preliminary questions when it comes to mining. Ideally you want your costs for electricity to be around or less than ten cents per kilowatt.

so, keep the money for something you have the know how.

The answer is simple : go buy the best equipments you can afford and start mining with them ;D ;D ;D

read and learn from the very basic if u don even know what cryptocurrency is. "mining" is too broad.  u'll eventually know how and what to buy.
nt to b sour, i met a lot of dumb ppl with $$,and had helped them set up. most of them(if nt all of them), nt knowing what to do, other than make sure the rig is turned on, nicehack2 is running, default non oc with pwr limit 100% overloading psu. hoping $$ really printed from thin air

Am I missing something here?  Why are we replying to a thread that was started 6+ months ago?  The OP never posted again.  I suppose they never started mining.