Hi All,
I ordered two Antminer S9s and hope to scale to 50-75 (or more if BTC goes moon) by the end of the year. I'm debating whether or not I should build out my own self-hosting site in my garage (it's a large, detached from my house by 100 ft 3 car garage) OR send the miners to a colocation site that can host the miners for $100-$150/month/miner. I have no networking background and a full-time job in venture capital. So I'm leaning towards this option, especially if they can monitor them and provide uptime support. What's a good price offer for a miner colocation?
However, my profit calculations project my own mining operation could be very profitable, so I'd be willing to give up my job if it turns into something worthwhile. And, at the moment, I have access to free electricity in my garage (my family pays for it - we own a real estate company). But even with free electricity, this option is by far the largest investment upfront since I'll need to install an HVAC (up to 10-20k CFM fans and exhausts), lots of power, networking equipment, better internet access, etc. I also live in the Midwest and so the summer gets very humid - so that's not great for the equipment I've heard. Plus there is the noise issue of having 50-75 miners in my garage and the neighbors not being too happy about that. All that said, I think I could get around 50 to 100 units in my garage. At that point, I'd 100% need to quit my job to maintain it.
Any advice or guidance? My main concerns for self-hosting are: 1) humidity 2) noise 3) lack of experience. Main concerns for colocation: 1) cost and future cost increases 2) if they don't provide support, not having access to the miners immediately if something goes down.
THANK YOU!!!!
