Bitcoin Forum

Hi People I have a client that wants to embark into Altcoin mining and they have $450,000 USD to spend after the setup cost and rental.

what would be your dream hardware to put in a new centre?

First of all the stuff that is surrounding the place has to be fine! As cheap power as possible is a good beginning together with good cooling and where people don't have to stand the sound of the miners!

If I would have a 450k sum to invest than I would wait till Bitmain or a other company that is in competition with them release a new powerful miner and I would do anything to be on the first batch of units. :-)

Get them to buy 1500 ETH.

The amount of threads like these pops up every now and then.
If you really have 450k USD you are dumb enough to come here and make a thread instead of doing your own research.
Give me your money, it'd be for a better cause.

Diversify, that's what all the big farms do.

ill hire the best crypto trader and i will give him a 30% of our profit  8)
in less than a year i will be a multi millionaire.

Buy plenty of Bitcoin, then when it hits 10k a coin sell it all, nice 40% profit :)

Advise your client to hire someone else who has some knowledge of the altcoin market. If it were me I️ would very wary of a financial adviser who got their info off a forum. Especially if I️ am spending upwards of half a million dollars. Seems like these post pop up every now and then and the people never come back with what their client set up. Which leads me to believe these are just spam posts from people who are bored or need to keep their post count going for a signature campaign.

I will give you the best advice but you will have to pay me first.   ;D

LOL. BUY BTC

i would buy with 450k USD$ :
75%deeponion
10%BTC (atm)
10%XMR
10%ETH
5% other altcoins
maybe anybody can lend me 450k USD for invest ?^^u will get it back lol

but if i would have that much of money, i would invest it in crypto's.
cheers

why ask people on the internet what they would do? if u do not know what to do with that 450k then you should not be in charge or no where near that money / project

lol. If I have 450.000$ I am not going to ask you for advice, I am smart enough to find a more professional and knowledgeable partner

Does the fact that so far BTC  has increased in value by about 7X in CY2017 give you any ideas?

If it were me, I would only go in if there was a newer BTC ASIC miner coming on the market.

When the shoe-shine boy is advising U to buy alt-coins, ...

"Sell Mortimer, Sell" - trading places the movies

$450k is NOT a lot of money, its chump change, somebody would be far better to sit on it, or buy gold, which isn't likely to go away

In a years time of these alt-coins will be gone

These day-traders and their penny-stocks, or their penny alt-coins, it comes around every decade, and it ALWAYS ends the same.

"The secret of money is keeping it, not making more" - J P Morgan ( richest man in the world in his day )

"Making money is easy, keeping it is hard" - JP Morgan

A fool and his money spent on alt-coin is soon departed

Bitcoin-z ? BTC-Z u be talking about??

or

Zencash, or zcash, or zerocash, all gpu equihash based

Surely, your not talking about the shit-coin BTG aka bitcoin-coin? BTG turns gold into shit, turns BTC's into alt-coins.

if you have $450k best investment ever is to go "all in" on Chain Coin  .  :)

BTC, BCH, ETH, DASH, XRP .....

If you had $450K to invest and had no clue what you are doing, I'd suggest putting in a much smaller amount to gain that valuable experience. Otherwise you'd be rinsed out of the market on the first negative move.

deeponion  :D you must be kidding

... better buy coins with potential like waves, lisk etc.

thanks for all the replies and comments, we already know what we are doing and are currently doing just that, I was asking what "your dream setups would be" not for any advice.

I know what our setup is and we know that it works for us.

With this amount, I should buy about 1000 GTX 1070 and the rigs associated.

It will need at least 150 kW.

thats what I am talking about a bit of light hearted ultimate fantasy wish listing, nothing serious.

You guys are too harsh.

it's a nice theoretical question to ask, and if someone is in the know it is useful for all to hear about suggestions.

The first few answers, concerning getting the room and environmental factors ready, is the best first steps to take. Second then look at what you wish to mine and with what devices.

Since you asked specifically about altcoin mining (as opposed to buying altcoins as some people have suggested) I've listed a couple things that I'd think about.

I think it depends on how much electricity costs in their area, and what specifically they'd like to mine.

For equihash type coins go NVidia. For ethash possibly AMD or get a mix of both and mine with nicehash for whatever is most profitable.

If electricity is expensive, possibly go for NVidia gtx 1060 or 1070's. They tend to use less electricity and you can power limit them pretty well without losing too much mining power.

They'll have to think about cooling and ventilation (keep dust away!) cable management, internet connectivity, software to use (prob go Linux based).

I would probably suggest to the person to spend enough to get one mining rig up and running, and then re-evaluate if he wants to drop the whole $450k.

Solar panels farming with the bitcoin mining antminer s9 is the good way to invest like giving electricity for the needy people like farmers is my dream project and doing all the works for it. Please understand that bitcoin is the biggest source for the users and makes life better with the bitcoins.
If you have your own dream project means try to implement it instead of commenting back no need of advice and lock as soon as possible.