Bitcoin Forum

Hello,

I'm an entrepreneur from Pakistan. One of my companies is into rental power where we generate electricity and sell it to the government. I have over 5MW in surplus that I can use for a mining operation. I can also invest heavily into buying state of the art miners. Wanted to know what are the profits like per miner and how to setup operations. Also how sure shot is this business and if the miners consistently generate income streams.

The location is centrally air conditioned with a 100MBPS internet connection.

Any help would be highly appreciated.

Regards,
Jahanzaib

When talking about free electricity since you do mention that you do have allocated some energy then it would really be heaven for mining operations since you wont really be charged up for energy consumption. It would really be more worth it if you do try to make large-scale bitcoin miners and for sure you would really feel the profits but consider that theres always a risk on these kind of investment.

That is a lot of power you have there. I do think it would be extremely profitable if you do not have to pay for any electricity. However, does the surplus really belong to you or will you do some trick that would result to those electricity to be somewhat just disappear without a trace? If it would be the latter then that would be a felony in all jurisdictions as it would mean it is theft of property. Just want to be clear on that.

Mining profit is mainly based on the electricity cost if you have free electricity then you can be a millionaire soon.I think S9 miners are the best to mine bitcoins so buy some miners and place it in your room.The earning per miners will be $ 1000 a month because you don't have to pay the electricity bills.

Could you explain the $1000 a month with an S9 with $0 electricity? I get on mining calculations around $470 a week.

This is  a good advantage if you had a free electricity in your home.. It would be a good idea if you can invest a bitmain miners  L3+, D3 or  miners S9 could be a good choice than building GPU rig not a good choice but if you only had small budget you can only afford to buy is mining rig. and you can mine with altcoin but you can use nicehash that auto converts altcoin into bitcoin..

The new Whatsminer and D3s/L3s could be good miners. The Whatsminer isn't incredibly efficient as it is built on the 28nm process but does ~12TH at 2000w, and the D3s and L3s as most people know are nice miners even with ten cents electrical costs. The D3 can be found for sub-$1000 in the US nowadays, and the Whatsminer can be ordered for $1200-1300 IIRC with the PSU. Not sure what L3 prices are like now since I haven't checked in on them in a while.

I noticed that it is really good option to mine the bitcoins. Instead of l3+ he can go with the multiple ASIC antminer s9 because we see that this miner machine is highly used to mine the bitcoin and give more profit.
Since he mentioned he is rental outsource person for Government I think he can go with the high budget to make the mining farm. He has mentioned the good speed of internet and electricity. So perfect place to put up the rig.

mining is profitable investment but for your story the electricity in your country are to expensive as my understanding, your internet connection speed are in good condition, if you want to save electricity without monthly cost try to find and use the solar panel system.

When they were always talking about of a free electricity no matter what miner you are using you are always gonna get a profit because you are not the one who's paying the bills for it. Sometimes i wonder how it is being called as free when everyone of it is paying or maybe there's a free when you are just using the excess power. Investing on miner is a great decision specially if you are using a free electricity.

What a fortune you have there.  Power source is the main problem in building a rig to mine bitcoins.  If you do have the money to build one, try it. you can know right away if you investment return after a month... since you probably have a free electricity, that's less to your expenses.  MEaning you will probably gain something of it...

I guess you should give money to some guys who could provide you a free electricity right? Or else that will be a stolen.

Electricity is the big problem have to solve in mining project. So if you got the free electricity that will be a super profitable for you.

You didn't read my post.

I "own" the power source. The extra power that I have at my disposal is a surplus and is mine to use however I deem necessary.

How much money does a single s9 make in let's say a month?
How much power does it require?
I have 5MW at my disposal which is a lot of power. I can invest in a lot of machines but I don't know if Bitcoin mining is real and not some snake oil. Last thing I want to do is sitting on a mountain of machines with no output. Pls pardon my ignorance, as I'm new to this.

As an answer to your second question I can tell you that you should consider this investment as a real estate invastment. In the future you may have some vacant periods but in long term you will be in profit.
But minining in my opinion is better because you wont have expenses for such things like repairs and etc.

Ecли y Bac нeт пpoблeм c элeктpичecтвoм+ y Bac ecть инвecтиции,тoгдa тoлькo нyжнo Baм пpaвильнo вce этo дeлa opгaнизoвaть,нacтpoить.
Я тoжe кoгдa coздaвaл cвoю пepвyю мaйнинг шaxтy (100кBaт\чac)дyмaл чтo тyт мoжeт быть тpyднoгo, a пo фaктy ecли y Bac нeт cпeциaлиcтa в этoм paзбepaющeгocя, тo бyдeт тяжeлo.Жeлaю Baм ycпexoв  )))

I've read the same scenario to other posts saying that they are getting free electricity because of their company or other organizations they are staying or working with. However, you should remember that these companies or organizations might not want you doing things very profitable and they are not getting any profit from it. They might trace the electricity consumption and investigate it and might put you in trouble. If possible, I suggest you ask permission and get it approved before setting up big investnments of rigs because they might not want it and your investment will put in to waste.