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1  Bitcoin / Mining speculation / Re: Hi! I want to Mine can you help with my due diligence? on: June 29, 2017, 12:51:14 AM
This is invaluable. Thank you for your response. After reading I do have a ton more questions lol.
I do have an irl friend of many years who is ready to go in 50% with me.
If I am able to get around the first pitfall of receiving the units, maybe by not making a bulk order;
would it/could it be risk cancelling to rent out the mining power, instead of mining coins for ourselves?
Thus ensuring a steady income regardless of bitcoin fluctuating value? (excluding a complete crash and death of the bitcoin, God forbid.)

Again, thank you so much for your response, I am very motivated to venture into this haha I suppose I am that one who cant just sit!
2  Bitcoin / Mining speculation / Hi! I want to Mine can you help with my due diligence? on: June 29, 2017, 12:23:58 AM

First time poster to the forums, any information from veterans would be really appreciated.
My goal is to begin mining on a fairly large scale. I want to lease a small warehouse. I've found one with a transformer that can plug the unit with the required electricity.
my investment money would allow for 74 antminers9's, roughly 1000 th/s. Where I live power is 0.10 kw/h roughly 97700w for all of those units to be firing off.
If it isn't obvious I am at the early stages of researching my business plan and these are rough numbers.
 My question is, what am I overlooking, would this be profitable? Basically Anything a veteran could offer would be massively appreciated.
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