Bitcoin Forum

I am in a situation where I must make some decisions on how to proceed with a budgeted investment into Crypto currencies.

Our group is looking to speak with all equipment manufacturers and anyone who might have some splendid ideas on how to best
capitalize on crypto. 

Specifically, we wish to entertain all avenues of investment.

Note that this investment can grow to as much as 10M over time however as a group we have elected to begin with 3M and take things
in stride.

We are wanting to see who can offer the best mining hardware and at the best price. Don't bother offering me used gear and/or crazy high prices for 1.4Th units etc...

We are also looking into ATM machines and establishing an ATM network for Crypto-Currency etc.

Feel free to contact me on skype: host.wanted

No phone calls please.  If you skype me I can give you my email address as a first form of contact, and then we can maybe get on a call.

I own a few datacenters so Im looking to fill them with my own equipment as well as other peoples colo bitcoin rigs and the like.

So the question of this thread is:  IF YOU HAD 3M, what would YOU do with it in Crypto?  let's get the creative juices flowing and see where it goes.

Ya'll ready?

I don't believe a man who has gained 3M USD would ask an advice about investments on forum ;D

Pardon me? I assumed that I was in a place where those in the know about cryptocurrencies would be plentiful.
A fool is the man who invests into an idea without first marinating himself in its theory and pulse.

Now, if you are one of those who know and care to make a productive comment, please proceed.

And I am not here for you to believe me, it is I who must believe in bitcoin and/or its siblings.

Cheers.

VainGlorious
619Mining.com

I would buy bitcoins and sell them when they get to $2000  ;D

"I would buy bitcoins and sell them when they get to $2000"

How sure are you that it will get back to that point and please elaborate on your current state of confidence. Is your confidence driven by trends you see or just a gut feeling?  Has anyone done a true study of just how far bitcoin has gone in the world and if it's cementing itself in or not?

If you want to get into mining you have to understand it is very hard to be among the best so you better invest a lot of time and get a lot of human capital to go with your 3m to be profitable

Buying bitcoins and securing them well is a good way to profit from the future adoption of Bitcoin and its development; you can invest in bitcoins websites or create one if you can as well.

"If you want to get into mining you have to understand it is very hard to be among the best so you better invest a lot of time and get a lot of human capital to go with your 3m to be profitable"

In this regard I am well covered as I have an entire technical staff to deploy, monitor and tune rigs. We already do this for our customers, some of which are at very high levels of hash rate.

What types of ideas are out there regarding what you refer to as bitcoin sites?  Like a coinbase type site or are you thinking something more?

From what I see a bitcoin ATM has high fees, maybe you could invest into a lower fee ATM it could be more profitable. Bitcoin is suppose to be easy to get/use. Right now that seems like a long way off to me. At least for mass market. Cash only to bitcoin would be viable for the privacy, help reduce chances of cc fraud and such.

I agree, ATM's should always be convenient and not overpriced. The guys who are running ATM's with nutty fees are only hurting
bitcoin as a whole. I know its fun to profit big right now in the early stages but in reality you have to make the cost similar to US$ ATMS
or people wont want to use them.  To much cost = lack of fans who like the product.

I voted Crypto ATM network.  Spread the BTC love across the land.

With that much capital, you can actually do all the above.  No need to go all-in in one single venture.

My advice is to buy BTC, or you can consider to buy some ripple. Don't try to get a single investment

Do you see Ripple going anywhere?  I see google is funding this buttercoin thing.. seems a bit off the path for them when they are
trying to push Ripple right?

Seems like helping the cryptocurrency community by investing in a business that is promoting it would be the best for everyone.

1. If you're smart with the investment you'll probably make money.
2. The community will benefit from another business.
3.  You can get involved and express yourself through relationships and your own knowledge and experience.

Buying and holding is certainly a pretty safe bet, and so is mining, but neither will give you the rewards that real personal participation in something will.

NOTE: I'm saying this to myself also. Hiding in my office and mining and holding aren't doing much more than making me some money. Money's nice but I'd really like to get my hands dirty a bit more and participate more fully in this community.

Well I thought  about it at Christmas when the media was all over BTC and decided that "during a gold rush, sell shovels", so instead of taking a risk and buying bitcoins or a mining rig I setup www.cloudminingreviews.com for $10 and made a profit the first month and a steady weekly commission since then plus BTCs from direct banner advertising.

If you notice the ones making it are the hardware providers, e-wallets, payment network etc. If you have 3-10M you should invest in the infrastructure or an ad-based platform.

I would entertain the idea of selling my site :-)

I really am liking this thinking.  Support the community and the community will support you.

Now to come up with some ideas and ponder them.


I also like the whole idea of when there's a gold rush, sell shovels.   Thats how Levis Jeans got started.. during the gold rush the
guys needed more durable  pants, so the tent maker started making pants out of the canvas material used traditionally for tents
and voila, the miners were better protected and Levi's became a gold rush of its own.

I might consider taking on some miners gear for free in my datacenter in trade for a % of the mined coin.
If I do this enough it could multiply greatly and also save people the startup and monthly costs.
Just an idea though.

Investing in JD's bankroll if it's legal in your country or buy a Bitcoin website

What the heck is JD's Bankroll?

You could always split it up, say 25% towards mining gear, 50% into bitcoin directly and the other 25% into promising altcoins, that might be a good decision for you and your group.

Invest in BTC itself

When the bitcoin ETF gets released (hopefully q4)
I am willing to bet it will become the largest holder of bitcoin in the future. Just like USO, UNG, SLV, GLD etc

Joe 6 pack will be able to invest in btc directly, along with every mutual, hedge, pension, fund of funds etc.
It will be "uncool" for funds to not hold the ETF. They will also use it as a marketing point.

:) do your DD and you will see

It is a betting bitcoin casino https://just-dice.com/

"You can invest some of your balance with the site for other players to bet against. This both increases the maximum bets on the site, and you keep any profits made. You also 'keep' any losses."

I would keep a sizeable amount of BTC on a brain wallet or paper wallet with multisig; buy a few alt currencies in case for "small amounts"

On the other hand, if you know you can make money mining, maybe you should do that if making money means getting a positive ROI in BTC

Buy BTC and hold. The difficulty is high enough as it is.  :-*

On a serious side: no profitable miners are available. Only S1 by a slim margin. And maybe the A2 Terminators for scrypt.

How soon are you looking to invest, OP?

There's a private investment company I can introduce you to that's currently developing a next-generation miner. This company is a registered investment fund that works exclusively with high-net worth investors. They may be willing to work with you if you are willing to show that you're indeed a qualified/accredited investor. I assume the 3 million refers to US dollars, and if so, that full amount would not even be necessary. The mining hardware this company is developing is far more powerful than anything currently available, and I know they're considering selling it exclusively on a private, bespoke basis. If this seems like something you're interested in, send me a private message, and I can get the ball rolling.

If you have to invest it in cryptocurrency I suggest that you buy bitcoins directly. Price is quite good atm and you have good chance to make some money with it in couple months.

Definitely PM me here or skype me, this is intriguing for sure.

Skype: host.wanted

I believe that will be a part of the strategy. I would really like to put some real nice services online that use crypto's.  We have a think-tank session coming up to try to come up
with some ideas based on the "when theres a gold rush, sell shovels" statement above.  Thanks for that statement by the way. Surely helped clear the thinking path.

highbitcoin.com?  :P or rather peernova

Are you willing to pay for consulting?

Will do. I'll gather all the info and get in touch soon.

Cheers!

Invest if possible in development or producing companies that make and sell BTC hardware,.....They are or become the big BTC millionairs, the miners are the poor bastards at the end  :D :D

I think you should invest in proportion, some money brought mining, some of the money used to buy bitcoin

So now you want to compete against your customers?  What a back stabber!

No, not at all. In fact some of my customers are partners in more ways than one.
We don't really have "customers" in the traditional sense when it comes to BTC.

Shouldn't you become an expert on the subject matter before investing 3M dollars? Also, why wouldn't you hire a highly experienced bitcoin vet for advice.

If you have no background in mining and the economics of it I wouldn't recommend getting into it until you yourself spend 4+ months mining.

3 million is a lot, I am more interested in how you get that..

He says he is :


It would be crazy to invest 3m in bitcoin mining without doing its due diligence

Buy ultradogebuckblackripplecoins

I would hazard a guess that most of those who have responded here, do not have 3 million USD to invest in a speculative project.

Neither do I, however I (my family) is worth several million dollars, accumulated by earning, saving and investing, the old fashioned way. A part of my net worth is in liquid form and some of it is in form of real estate or capital equipment.

Consequently, I would not hold my breath awaiting an intelligent investment discussion here, especially on a topic as new and fluid as bitcoin investing. I hope that I am not insulting anybody.

On this sour note, let me continue and say that running bitcoin mining in an air conditioned data center would be prohibitively expensive for the following reasons:

1) You have to comply with various datacenter safety regulations. Proper electrical wiring for a high power density computing project is expensive. You may need to bring more power to your data center, pay for more utility transformers, etc.

While small miners or dedicated miners can skip a lot of safety gear, NEC compliant wiring, etc, an owner of a data center would have to follow all proper electrical practices required by authority having jurisdiction.

2) Assuming that your datacenter is cooled, the cost of energy required to mine, and to cool the air heated by mining, would be at least 3-4 times the cost of an un-air-conditioned miner installation.

So, the choices that you have is

1) Purchasing and passively owning some bitcoin. If you do this, it would be imprudent to trust anyone besides yourself to safekeep your bitcoins.
2) Creating some bitcoin related business.

The difference between 1 and 2 is night and day. I would expect a bitcoin related business to be an enormous hassle in terms of time commitment required. The time drain factors are regulation and money laundering hassles, thieves trying to steal your bitcoins, plus other factors inherent in any other new business venture.

So, if you want to put that 3 million to work as part of your big portfolio, it may be disproportionately time consuming to do it as a bitcoin related venture.

Realistically, this leaves the passive option as the only one viable.

I do not have an intelligent opinion on where the bitcoin prices are headed, and neither does anyone else. So please do not interpret my reasoning as a suggestion that owning bitcoins is better than owning an index fund. I am just saying that more active options may not be a good choice for a "$3M portfolio investment".

The last choice, passively investing in a bitcoin business, is only tenuously related to bitcoins and is akin to any other venture investing.

Call me is my best advice if you really want to invest $3 million in Bitcoin. 

Become a exchanger yourself ?

Here is a balanced mid-to-long term crypto currencies portfolio (https://bitcointalk.org/index.php?topic=523153) you can check out.

diversify

if you are at the conference in Amsterdam later this week, I would be glad to invite you to our dinner where there will be several other investors.  feel free to PM me and we can chat about it.

Buy Avalon module miners. At 1.17 per GH/S (based on the current btc price), it is worth it. With 3 million, you can expect to get 1 PH/S per million so you'd get 3 PH/S. If you were to pool mine that on Eligius, you'd possibly get over 300-400 btc a day. I already had seen a guy with 600 TH get 200 a day. That means it might even be possible to get 1k bitcoin a day and you'd brake even within 10 days. (Count this totally as speculative guessing.

OP, I should have some solid info for you in the next day or two. I think you'll be impressed!  :)

You could buy some shares in CVFS (https://cryptostocks.com/securities/126)

Skype Cryptovest

In our crypto safe houses we will be selling mining equipment and our sales people will be really doing what they can to bring Crypto to the general public.

Kr,

Malcolm O

I agree with hheelll.  Take that 3 million and invest in a related business.  Forget about the mining business.  Mining hardware manufacturers have no incentive to sell you the hardware early on when they could have mined with their brand new, super powerful hardware, and then sell it to you for high margin profit.  Basically you are getting hand me downs.  Once you acquire the hardware, the difficulty increase 15%-20% average every 12 days.  Meaning the capital investment you just made lost that much in value every 12 days. 

Someone said to deploy 3 million dollars worth of hardware and ROI in 10 days.  Can someone ship that much hardware within reasonable amount of time?  Can you deploy that much hardware within reasonable of time?  BFL and KnC (miner manufacturers) can do the same thing and beat you to the punch. 

A better solution is to take the 3 million and setup shop where you can have cheaper electricity.  Spend some of that 3 million on solar and wind power to lock in power cost.  Utilities have a tendency to increase power rates by 3% average everywhere.  If Bitcoin flops and no one wants to have miners in data center, the data center can host some other equipment.

The ultimate money maker is to own an hydroelectric power plant.  It is literally like printing money.

I recently saw an article about a multi-million dollar mining company go bankcrupt. If an established mining business goes belly up in this environment, what makes you think you can thrive starting now? Especially with only $3 Million? Yes, ONLY $3 Mill. There I said it. I know it's nothing to sneeze at but the most hashrate you can get with it is about 2 - 3 PHs. After paying for electricity, hosting and whatnot, you will be lucky to break even.

Are you the guy advertising on Craigslist San Diego? You sound scammy to me.

You can not get 200 btc a day on 600TH

According to Coinwarz, 600 TH/s generates 34 BTC a day.  Just a little shy of 200 BTC a day.   ::)

Psh, lets not forget variance!

http://eligius.st/~wizkid057/newstats/userstats.php/18aBb4GfX3QCN64xaJ3W3EuNzHL92v2UU1

You missed this guy's payout day when he got 300 in 1 day. Saw it on the side. It was amazing.

Nope, didn't happen.

Checked 18aBb4GfX3QCN64xaJ3W3EuNzHL92v2UU1 Blockchain history.  He got over 100 BTC during one day(I think like April 28th), but no where close to 300 BTC in one day.


https://blockchain.info/address/18aBb4GfX3QCN64xaJ3W3EuNzHL92v2UU1

~COUGH~ BURN ~COUGH~

Geez Debit, no need to rub it in.   :D

Just trying to cut through the malarkey.  No offense Somekind.

Lol.

So many bitches around here...

Probably another member who had over 600 TH/S. There were 3 of them at the time I had seen it. The hashrate was almost 8000 TH for eligius.

Instead of spending 3 mil to buy ASICs for mining, what about investing the money to build and run a new exchange? Or maybe a new cloud mining site?

The best way to spend your money is donate to the homeless.

The guy owns a couple of data centers already and says his investment can go up to 10,000,000. He's just low balling at the moment. If I were you, I would go with buying Spondoolies-tech hashing boards. At 3.2 TH/S each, they're killer good. There was a group buy earlier for the 5.4 (6.5 TH/S OC) SP30 machines. They were only 5,000 each, but some members paid 4500 instead. I am thinking that each hashing board itself is around 2000 each. Calculations would be here:

2,000 at 3.2 TH/S = 1$/1.6 GH | 1000W


7,500,000 = 12,000 TH/S or 12 PH/S (Possibly less depending on discounts. Max I think would be around 18 PH.) 2,750,000W or 2.75 MW


Raspberry Pi's and other accessories: Around 250-283,000
---------------------------------------------------------------------
2 Allied Control Datatanks (1.4 MW/ea)

And you'll need around 50 Gallons of Novec 900 per year.

They have 19 inch racks and saves over 95% worth of electricity a month. ASICminer uses 2-Phase immersion cooling.

You won't be spending a shitload on fans and stuff because they'd be in tanks. The boards also come out dry.
----------------------------------------------------------------------
This will all come out to around 9,000,000. I predict the electricity in terms of wattage drops to 137.5 KW

Predictions:

You possibly won't have this all set up until the difficulty reaches around 15,000,000,000 (That's my guess, but it could be lower or higher)

Monthly electricity cost: 10,000

Money made monthly: 6,700,000

Return on Investment: 42 days

You'd be making around 200,000 daily.
-----------------------------------------------------------------------

Treat this all as speculation, but a fairly accurate claim in my opinion. Others may say different and I accept all other constructive criticism.

Great looking site.  I had the same idea and came up with http://cryptocoinstats.com/

You cannot buy and plug 2000 miners without any additional costs and the delivery may be late

They are not full mining machines! They are just the hashing boards! It's like the ASICminer production in China. Buying in Bulk too from Spondoolies, i'm sure as hell they'd lower shipping for such a big order.

Hashratio is $1/gh for large orders (200+ units) (no preorder)

Competition doesn't even compare.

Scrypt mining still provide ROI.

But I won't invest all money in just mining.

You work for them or something?  NO one cares about Hashratio.

Yes it's providing ROI at the moment but when the large companies start to send out their big scrypt miners it won't worth to mine...
it's only my opinion!

If difficulty shoot up, will the price follow?

God, I hope so.  It's the only hope for fiat ROI for miners, forget about BTC ROI (unless you have free electric or multi million dollar farm).

I'm almost positive you're the only one in this forum who doesn't care about them.

Nobody is going to force you to get a good deal. The free market will simply force out all the overpriced miners.

I've never even heard about Hashratio until you brought them up.

Enlighten me how one can obtain one of these $1/Gh magic money printing machines so I can be in the in crowd.

And if I need to know Chinese to speak to someone, I'll just pass.

You will need to buy 200+ to get them at $1/gh.

And here's some new technology that allows anyone to speak chinese: https://translate.google.com/

Sorry, I'm small potatoes compared to you Jimmothy.  How can the poor miners get a quantity 1 through 10 of a comparable miner?

Guessing I'll pass on Hashratio for now.  How big is your farm, if you don't mind me asking?  200 TH/s?

The SP 30 at the regular price is now 5,350 dollars and that's for a 5400 GH machine (thereby reaching the mystical $1 per GH) which can actually reach up to a speed of almost 7000 GH. It basically spits out money, but I hope I make a return on my 20 TH farm in which I paid 16,000 plus 290 per machine per month to run. It's a definite ROI.

Says anyone who ever preordered a miner..

In a word: Don't.

Seriously there are much better ways to invest that cash. If you absolutely don't care what happens to that money and are free to piss it away, then sure, burn it any way you want.

I've bought a couple preorders and I did ROI. How about that? I'm adding another 20 TH plus 30 TH. I'm pretty damned sure i'm going to ROI.

buy solarcoins then retire

Seems like a good deal but is it legit?

What, like booze and hookers for life? Can't agree more :)

No option for spend half on mining half on crypto.. :P

Spend half at bitmaintech.com

Then with what is left, 70% on BTC, split the rest between PPC, LTC,DOGE,NXT.

May 8 2014 you created the thread, one BTC was 447$
Today it is 609$

Theoretically, if you had bought 3m$ worth of BTC on May 8 you would have made a paper profit of a cool 1,000,000$

And real if sold BTC.

The WPC be interested in discussing a few hundred K investment into our stuff.

If you want to learn more we have a meeting today at 1030 am Seattle time.

Drop me an email if you are keen to shop at our window.


darin.bicknell@gmail.com

contact me via pm or gmail  : dlpoint.net2@gmail.com  about how u wanna invest will guide u how u can get stable income and more then 300-400% a year easily

Selling 5000BTC would move the price lower so he would have make less

Whatever you decide...diversify!!  Don't keep all your eggs in one proverbial basket.  Way too many shammsters out there.

If you have to ask about it on this forum, then you should probably consider doing something else with that $3M.

...or I could give you all sorts of hot tips for a 10% down payment.

$3m is a lot of money. I'm not sure whose money it is and why you 'must' spend/invest it.
Anyway, the truth is that there are no definite answers. If there were, we'd all be millionaires by now. All cryptos fluctuate. You could invest $3m in BTC and it could rise to $5m by next month or fall to less than $1m.
There are lots of coins out there that are literally just for pumps and dumps. When a new coin is released - if it has potential, the price spikes and keeps rising before the dump/marker correction.
My advice is to be careful. Maybe $3m is a but too much to spend now, then again, it's your call.
I'd recommend putting some into BTC, LTC, (maybe DOGE) PPC and DRK. A bit here and there can't hurt. Be careful though as stupidity and greed could bite you back in the ....

A good way to play Bitcoin is to buy Bitcoin, pure and simple

Starting a few small Bitcoin businesses if he has the time or get connected to Bitcoin entrepreneurs

Market buy on Bitstamp ;)
That would do good for everyone. You can sell immediately if you wish after that, just send me a PM before doing it :D

Um... But seriously, maybe you could create a contract/agreement(?) with multiple miners and have them mine for you.

5000BTC market buy on Bitstamp could move the price to 700$

Price   Amount   Value
$652.41   7.42974455   $4,847.24
$652.90   0.17533944   $114.48
$652.99   28.77781894   $18,791.63
$653.00   11.22752570   $7,331.57
$653.02   0.07733400   $50.50
$653.07   0.07732800   $50.50
$653.12   0.07732200   $50.50

 :)

If i had 3 million$ and only could invest it, this is what i would do .


1. Invest $50,000 into Worldcoins (they are way undervalued at the moment) 50K could bring you 5-10M$ USD.
2. Invest $50,000 into BTC (they are going to go up to 10k$ eventually)
3. Build a mining operation for $500,000 (would bring you massive profits)


Keep 2.4million, i wouldnt need that much to invest to get good profits lol.
If i still had to invest 2.4m, i would invest it into oil.

He probably doesn't have only 3millions to invest but 3m to invest in Crypto as he said so keeping 2.4m of fiat isn't a good idea

You probably already know this but 99.9% of these people will do ANYTHING IT TAKES to put your money in their pocket.

If you are serious, be very careful.

He is seeking advice as part of his due diligence to learn about what opportunities are available and he will do his due diligence on any new opportunity he learn

as others have said... please don't advertise you are rich.
you will receive 10000 emails a day with virus's.. and 1000000000 pm's a day with virus's
and a shit load of bad advice telling you to invest in some alt coin.

if you have 3 million you are obviously doing smething right... keep doing what ever it is you are doing

and maybe donate to me =)

Good advices

But the way I see it the 3m is the amount he wants to diversify in crypto currencies or maybe a few friends decide to pool their money together to invest in crypto

He didn't give his email or much personal info

My .02 BTC is that you should invest in an ATM network.

BTC ATMs can command relatively high margins when buying/selling BTC to users. If everything is setup properly, as long as the exchange does not go under you should be able to make money off of each TX assuming that your exchange does not go under.

BTC ATMs require a large initial capital investment (over 5 figures) and can have high regularity costs/risks. If you have enough to invest then you can potentially reach an economy of scale.

http://www.usmarshals.gov/assets/2014/bitcoins/

http://www.usmarshals.gov/assets/2014/bitcoins/

That is an interesting idea, you could probably get a pretty good deal on a block of 3k BTC, and then sell it at a higher price on an exchange. I'm not sure how much, if any, discount you could get from buying in bulk.

Just a suggestion... But I doubt someone with 3 million, would conduct themselves in this matter...

New idea.  Deposit $200,000 into US auction of confiscated SR coins.  Get as many as you can and hold for dear life!

*or diversify :)

If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M.
550 * 3,000 = 1,650,000

It is very costly to get all the approvals and it's very complicated

"Required Registration Items:
A manually signed pdf copy of the Bidder Registration Form
A copy of a Government-issued photo ID for the Bidder (or Control Person(s) of Bidder)
$200,000 USD deposit sent by wire transfer originating from a bank located within the United States (please provide receipt of transfer)
You must deliver the Required Registration Items by email to USMSBitcoins@usdoj.gov."

Heck, in that case, with the direction bitcoin price is currently heading he just might be able to purchase two of them.  Obviously that would wipe out any sort of diversification of his investment, much riskier but potentially that much more lucrative.

Having bitcoins secured properly is probably the least risky investment you can make in Bitcoin

The terms of the auction is that you must say the maximum price that you are willing to pay and how many you are willing to buy. If he wanted two then he could say he will buy 2 @ 1.5mm each. If he wanted to be sure to get one he could say he would buy 1 @ $1.65mm (and 1 @ 1.35mm if he wanted a chance to get a 2nd one)

For the lazy ones :

"This auction is for 9 blocks of 3,000 bitcoins (“Series A Blocks”) and 1 block of 2,656.51306529 bitcoins (“Series B Block”)."

"1. The eligible bidder who offers the highest price will be the prevailing bidder;
2. If there are multiple bids at the highest price, the first bid received will prevail; and
3. If fewer than all of the Series A blocks are sold to the highest bidder, the remaining blocks will be sold to the successive highest bidders until all blocks are sold."

It closes June 30 but we won't have the winners&price immediately, does someone know if the final auction price will be public?

This is correct, but it does not make it any easier for the OP to be able to get 2 3k blocks from the auction

He can get a 3k block and the 2.6x block

I am sure he could invest more than 3m if needed

maybe u must invest it in ATM bitcoin,maybe the maintenance fee is high,but if we see in the future,bitcoin have a high chance to spread around the world, so u can be a leader in ATM bitcoin developer.
and for risk taker,maybe u must find a good partner to this, maybe with bittrex or another exchange,so it can educate other people and make money too, ;)

The ATM market is already full with skilled and connected people, it is risky and by no means easy

Buying bitcoins is safer

The OP said he is looking to invest 3m so I doubt he wants to be upselled to be investing more

3m is not enough to invest. I read an article that said most companies that are looking to get into a mining operation or an investment in a bitcoin service need to spend upwards of 20m or more. 3m to 10m is too small.

Just buy BTC I say.

It will be better to hold on to the BTC and sell after a no of difficulty increase.
If you are an expert you can ROI from mining hardware. You need a lot of thinking, you need to baby sit a lot.
or you can start a could mining company or can become an ASIC manufacturer.
For that you can outsource all the process take pre-orders. But when all process are out sourced it will be a pain if the third party company delays.
So you can do like what bitmaintech is doing, Sell already made hardware.
The risk is less since even if the hardware is not sold out your mining company can make profit from mining.
All these companies are actually miners and they sells just to limit their risk and make the income stable.

The difficulty increases should have no real bearing on the price.  The price of Bitcoin is controlled by it's future vs it's current uncertainties.

Difficulty determines the uncertainty, that lead me to think so.
I will agree if you say it will not but after gaining much more acceptance for btc in the co-operate world.
Currently the industry/bitcoin is virtually controlled by ASIC mining hardware manufacturing companies, in my opinion.
In the future, the current dust will settle and bitcoin world will build up a new base of much more stability and predictability like the counterpart.

Current acceptance (like Overstock, Dish, local businesses) is what drives demand for it's use as a currency.  The more demand, the more people buy it and price goes up.

The uncertainties are like the 51% attack (or possibility of), the malleability issue, the collapse of Gox and theft of coins, the US DOJ selling SR coins, etc.

In the positive you can add the expected fall of the USD, inflation, the qualities of Bitcoin which are more and more admitted

In the negative the risk of a technical issue, ban of governments and creation of a competing currency, for exemple a crypto backed by Gold by a bank in Hong Kong or Singapore

I second that motion

I disagree as it may be part of its due diligence on the matter since bitcointalk obviously has some very good Bitcoin experts

These forums may have "experts" however it is very difficult to determine who is an expert and who is full of BS. The advice found on these forums is also significantly biased to the buy side for bitcoin

somewant to enlarge his btc *enis :)

Yes indeed but he could have get to know something from the discussion that followed his post : JD, innovators contacting him by PM and it made him think about it one more time; my point is it is not negative to create a discussion if you are careful with what you do with the answers

All of the above comments are interesting reading.  I will say that there have been alot of people PM'ing me with ideas and such.
The scammers are obvious. The peoeple who are just looking to pawn off played out ideas and/or uninteresting bad ideas have contacted
me in droves.

The reason one comes to this board is to gain insight and to gain knowledge.  Yes, there are a fair amount of amateurs here however there
are also a large amount of wise minded individuals, some who post and others who read/lurk.

We have purchased significant amounts of coin as part of the investment and also setup mining and invested into some technologies as well.
ALL based on advice found on this forum and by conversations with smart individuals.

Any serious investor must do his homework and that is why I am here in a nutshell.

Thank you all for the replies and private responses. The information was plentiful and aided my mission.

I have also formed a San Diego miners meetup group if you want to join...

Search for it on meetup.com

http://www.meetup.com/San-Diego-Bitcoin-and-Cryptocurrency-Miners-Meetup/

Good luck in your business; thought it was a good idea to seek advices and start conversations with members of this forum as they are obviously very knowledgeable in Bitcoin

None, of the options, finally. I would invest in start-ups with ideas for the bitcoin ecosystem. So investing in ideas. Or considering buying an already working asset. For both  it would be good to establish contacts first. Just a thought.

I suggest you do everything you can, except mining.

1st priority is for the ATMs.
And maybe issue cards/vouchers that can could like (fiat) credit/gift card that holds certain claimable BTC amount, so it could be used for transactions without making people to wait for confirmations and stuff, and without exposing the whole wallet.

But you should also consider:
-Buying a collection of bunch of different old/new cryptocurrencies and incase one of them was used beside BTC (Like silver to gold) You still get a foothold in that. Or maybe mining them since the difficulty is way low.

Having invested in markets and traded currency casually since I was 18 (4 years now, not a lot but I know a few things) I firmly believe in not putting all your eggs in one basket. If I were in that position I would put $1m in 3 different options, it's still a risk, but from my view it's always best to be safe and     maybe not profit as much from diversifying than be risky and potentially losing from backing a sole option.

Diversify means diversify geographically, in sector, different type of management assets, political risks and security for your assets (safe, trust ect.)

3 options in the same market and the same country is an extremely small diversification

I would buy mining equipment, just because I want to know that my worked has payed off, and not Buying some BTC, and then ending up waiting 2 years until its rise...

My Advice is to Buy Latest Market Research Report Available at "Global Flooring industry is Expected to Reach USD 326.38 Billion by 2020", or you can consider to buy some ripple. Visit this report - http://www.grandviewresearch.com/industry-analysis/flooring-market-analysis (http://www.grandviewresearch.com/industry-analysis/flooring-market-analysis)

You must be very poor :-X

hah i can't believe this thread is still popping up

here's a a high level 2.0 presentation i did earlier this month in amsterdam

https://speakerdeck.com/zynis/crypto-2-dot-0-lay-of-the-land

hopefully will have more in depth write ups and presentations for you all in the near future after i file my taxes (better late then never i guess...)

You can get 3m$ and not know how to invest, most people who have money don't know how to invest properly; doing your due diligence by asking questions and getting informations is actually one of the proper way to invest your money

Most people making hundreds of thousands a year in banks don't really know how to invest

3 million? wow, maybe not invest it all

If I had $3million to blow, either I'd buy BTC out right or invest in COIN, the upcoming ETF by the Winklevii:

http://www.investopedia.com/articles/investing/041114/why-winklevoss-twins-new-bitcoin-etf-matters.asp

Should be interesting to see how it affects Bitcoin and the markets once it finally launches.

Someone bought $2 million worth of BTC recently, was that you? :)

If the Winklevii buy new coins it should mostly push the price up

Warning.  This video is an advert for a Ponzi/Pyramid scheme using an imaginary coin called 'OneCoin'.  Don't waste your time.

See
http://cointelegraph.com/news/one-coin-much-scam-onecoin-exposed-as-global-mlm-ponzi-scheme

http://www.mirror.co.uk/news/uk-news/who-wants-onecoin-millionaire-you-7346558

Maybe the folks that are registering here as a Newbie for the purposes of promoting this kind of stuff, could just include "ponzi" or perhaps "scam" in their name.....  :)

guess he should have bought some ETH with that 3MM lol

I seriously doubt he had the 3 million.   Looking at post history looks like he did a hobby level of mining with 40 S3's.  So he did invest in the crypto game.... but far less then the 3 million, and also is no longer active on forum.

So many of these threads pop up saying I have X to invest.... and they never invest.  I also think when your taking about millions or even hundreds of thousands you would go to a consultant vs a forum.   

or bitcoin when it was at 200, and sell at around the peak of 500, or simple keep holding for the next boom

You can spend one million to mine Ethereum. But you need to increase the hashing power gradually.

OK, I'll bite: Why must the hashing power be gradually increased?

maybe to not prevent a huge, dump because of panic dumping? investors may be scared if they see an huge hash increase, and begin to dump their coins

Yes. But if he invest the $3M in the Eth mining equipment, he can make a lot of money and sell the equipment later.

The only problem is putting that much into gpu to mine ether is that by the time the equipment actually goes online, something might happen to the coin and there might not be anything else to mine making it a risky investment.  Also please dont increase the hash anymore  8)

This thread is the thread that never ends, I keep seeing it pop up. OP has not logged on since:
Last Active:    June 16, 2015, 01:00:23 AM

Chances of many reading this with 3 million going twords crypto investment... slim.  Just not a ton of whales buy in everyday.  I think we can let this thread go after seeing that.  I did not realize above, but checked more into created date after this thread keeps poping up over multiple days.

Also beyond OP last active.  It is odd a new account bumped it: https://bitcointalk.org/index.php?topic=600368.msg14265441#msg14265441 .   He got lucky and was at top of page.... so no one got to see he bumped massive old thread if did not click back.

not that easy how you make it , you need to buy 3M in gpu with all the heat issue and the power needed, not very convenient

would have been better to buy ethereum directly and wait for the pump

@619,
First of all, (sorry for being off-topic), but 619 is my lucky number, I have my mobile number too that ends with it... ;)
Secondly, if I were you, I would definitely invest those 3M into a completely new project taking Bitcoins into consideration, but I would rather try to be more productive in terms of security bitcoin lacks in some cases...
I would go for an alt that has everything it takes to just overcome the risks bitcoin already has, associated with it...

Shit, if you got that amount of capital.

Why not just partner up with the already established main mining producers in china. Invest with them and be a bigger force.

Invest as in you become their priceloss risk scenario when they need cash youre there. So they dont have to constantly cash out their bitcoin into yuan.

Probably the best to invest in now would be SJCX and MAID since they are so close...

He could have made more than $4 million dollars with the bitcoin scenario. Or he could have made $30 million with Ethereum.

That proves money makes money. If he bought so many Ethereum, his buy will move up the price.

Not necessary say he bought when at 900 dollars on BTC.  That would be around 3333 bitcoins and he would have lost around 1.5 million or half of his bankroll.  So it can go both way's.  There are no guarantees in crypto.

Long term speculation is hard to a point where it's almost impossible on some.

Solo mine bitcoin with huge hash rates! That would be my advice. People have hit blocks solo-mining with far lesser hash rates than what you could afford with $3M. Also, the heat generated could be used for heating your home / office and you save on heating too (if you live in a cold place). Best of luck!

 Isn't that the area code for San Diego area?
 You should move....


 8-P

With the increase of block size, you need a very fast internet connection to do the solo mining. Otherwise, there will be lots of orphan blocks.

This assumes you want to run a full node as I understand it. For most folks, using -ck's "Solo Pool" will work just fine with a very modest cost if you hit a block (i.e. 1% or .25 BTC now). If you have a several PH or more, then maybe the fast Internet full node would be a good investment.  Even folks with more than a PH will still use a pool sometimes (e.g. Kano's pool has one or more such users).

i doubt there will be so much different in the bandwidth, if the block size limit double then going by logic, you will need double the speed, not that huge, the client is not so speed connection hungry anyway, i'm not counting full node

#million is going to help a lot.
There are developers looking for investors though you may wanna contact them particularly those who are working for some coins that already are almost in the mainstream. ETH and Lisk
Team seem to be active. There are coins which has better functionality so might as well try investing to them.

eth or lisk man

Maybe you should invest in a mining software company. Miners will buy from you.

if OP really has 3M to invest then invest in me. I will grow your capital and provide all the details you need to sustain a business and grow your profits daily. You could get into mining simple enough but need a good amount of equipment you could trade you could both then theirs a lot of other things am nothing going to talk here. If you are serious about how to invest then contact me by PM and can arrange for a time and date to speak over phone or via Skype and make arrangements. If not then so be it then just another useless thread that pops up like many others asking for advise and no doing anything about it or never had funds to begin.

This thread was created 2 years ago...  I don't know if the OP is still watching it or not.

I have thought exactly the same. Perhaps his first investment should be directed to a proper financial advice, because that amount of money is not to gamble.

Only just noticed that and OP last active June 16, 2015. So doubtful but if anyone else interested in business then feel free to contact me :)

If you really do have $3M to work with and you are bent on mining, I'd be looking at ways to minimize electric cost. You could then either use the cheap electric to mine yourself or you could offer some kind of colocation / miner leasing service to customers.

You might be able to save a lot of money on electric cost, which is now more than 50% of gross BTC revenues for most people, by generating power yourself. You can most likely set up a combined cycle gas turbine system that runs on natural gas (or a variety of other fuels, like waste oil) and is over 50% efficient (burns fuel to make power, then exhaust heat is used to make steam and generate additional power).

Find some industrial zoned land, work out a deal to lease a turbine unit and get to work. If you'd just like to earn a good % return on an investment of similar risk that is not related to crypto mining, send me a message privately.

+100 :PP

Holy dead thread resurrection. SCAM, SCAM and more SCAM!!!!!

We are also a Multi Million op and were on this forum so I think he might be for real. I might ask a programming question or something else but ya prob not a  good place for finance

you might not believe it but perhaps he was asking the advice so that he knows what NOT to invest in

 ;D


ps - this necro thread will never DIE!!