Bitcoin Forum

Hi guys,

I am about to invest 40k dollars into mining hardware,

What hardware would be the best to invest in? i have seen some chineese stuff like the dragon-miner and ofc the antminer s2-3.

Let me know in wich mining hardware you would invest 40k.

Thank you, Greets

Buy BTC instead

+1 - Otherwise, If I was looking and had the proper hosting environment, I'd probably look at the SP-Tech SP30.

check out bitcoin arbitrage or pb minings see my sig bellow

or you could also buy from gawminers and have them host it

is 5k = 6tb/s the best price/prefromance ratio? because looked at the Dragon-miner and they were 3.2BTC for 5th/s (their site looked a little less legit do )

greeds

Well, 5K = 6TH is presumably the best price/GH ratio, but the hardware hasn't been manufactured yet to know for sure, and even if it was they're sold out until Sept IIRC.  As for the Dragons, where are you seeing 3.2BTC for 5TH?  I'm only seeing ~$1,400 for 1TH.

Dropt, ignore Bluetark, he's just trying to perpetuate a known scam.

Personally I wouldn't invest that much money into mining, I would rather put it into bitcoin itself. Mining profitability WILL go down so you may not end up breaking even. Only a few people break even these days.

Figures, thanks.

iff i buy 2 SP30's i would break even in 64days, but i got to keep the raising difficulty in mind , which changes every 2 weeks right? with about 10%?

so that means it will raise about 5 times with 10%est, so the raising difficulty would by my biggest enemy right??

If I were you I'd invest it carefully in BTC.

+1.
I would buy Bitcoin and Litecoin with ~75%+ money and rest I would invest in mining. :)
IMO don't invest much money in mining. Mining field is pretty tough for predicting. You might not actually get the money you predicted. :(
Kindly,
       MZ

Also if I HAD to mine, I would go with cloud mining. It gets hot in the summer and my electricity bill goes through the roof, and these things can easily burn down your entire house when you are gone.

If you are going with cloud mining, I recommend nimbusmining.com (http://nimbusmining.com) as you can choos your own mining pool and it is cheaper. You can use other cloud mining like eobot.com (http://eobot.com), lunamine.com (http://lunamine.com) etc.. too.
Kindly,
      MZ

If you buy Bitcoin right now with $40k USD you get 64.9BTC instantly which you can sell at any time (what you if need the $ for a cancer diagnosis).

If you spend $40K on cloud mining you will mine less than 64.9BTC in the next year.  Even if you had a 5 year contract you would probably not mine more than 45BTC if even that.

The mining company will have made somewhere between 10 and 25BTC off of you with a 5 year contract if they keep their promise (which they will either keep as profit or use to make their own farm to compete with the hashes they sold you making your hashes worth even less).  If they go bankrupt like bASIC, Hashfast, or many of the other Bitcoin scams then you'll lose something closer to the original 64.9BTC.

Feel like buying cloud mining now?

Buy 4x SP30 miners and with the rest of the money buy Bitcoins.


What if BTC goes down?

I have to agree with william on this one, its pretty scary during the summer.
In terms of electricity bill also insane, not to mention the risk of power failiures/surges etc.

I would personaly definetly just buy BTC, since 40k is long term investment anyways, and in year or so, bitcoin reward is halving, so im guessing you could make a decent profit out of that.

We already have this covered. Check out this thread about colocation offers: https://bitcointalk.org/index.php?topic=622998.0

I am recommending you Advania DC. (16-21 degrees C intake air 8) )

Create an ETF that bets against the profitability of bitcoin mining for home miners.  I would definitely be interested in investing in that fund.

Not only that, time is actually everyone's enemy. If they preordered, it can take some time before they can ship it. Also, shipping takes time. Electrical cost should also be included. If your hardware is damaged, you can forget about making ROI since it takes time for them to ship it back and them to shop you a new one if they are willing to, if not your investment is lost completely.

I think you meant "in 2 years or so the reward is halving".

As to the original question about investing in hardware, do not forget to factor in electricity and cooling into your investment.  Having $40,000 in hardware won't mean a thing if you can't do anything with it.  Let me ask a question back: why do you want to invest $40k in mining hardware?

maybe i just buy bitcoin and change to ghs .

I would hedge the investment:

Use 40% to buy BTC directly.

Use 25% for a mining plan (Cloudhashing is going for $2/GH for their next upgrade)

Use about 10% for other coins (Litecoin and/or Darkcoin and/or Doge)

Use 25% for a hardware order -- but be careful: BFL is useless, KNC has gone bad, and most other companies will never make ROI.

Buying BTC might be a risky asset right now, new york might just ban it.. Advice to invest only 30% of your money..

No one can ever ban BTC. Since it is decentralised, there isn't anyway for them to stop people from using BTC. Even if they ban it, you can always place it inside a wallet and go to another country to sell it and get your money back if you want.

I feel you are using the word "hedge" incorrectly - at least not in the way it is typically used with investments. Perhaps you meant diversify.

Buying cloud mining is just plain silly.  Do you know anybody who will sell you $1 for $0.75?  The cloud mining company will just take your premiums and make a farm to sell more hash which will directly compete with your investment.  It also centralizes mining power - bad for Bitcoin.

Buying altcoins is very risk buy also offers high potential for gain.

Hardware might be viable if you have infrastructure, cheap power and get a good price.