Need help in setting up a small BTC/BCH mining farm !!

[SatyamS]

Hello,
        I have a project in which I have to set up a small mining rig using 5 Antminer s9 or a budget of approx. 10,000$ . Currently, I am thinking of doing it in Rishikesh because I have heard electricity is a bit cheap there and living expenses are also less.

       I have some questions regarding it if someone can help?

1. Which city or place in India will be the best for this project?

2. Has anyone heard of oil cooling? Dipping the antminer in mineral oil? Is it beneficial than normal air cooling? Which is better?

3. Is it still profitable or sensible to mine? even if it takes for ROI to be in a year?

4. Should I go for all ASICS or should I diversify mining different coins?

5. Can I just rent a house and set it up? or Will I need something else?

Any Expert or Experienced advice will be appreciated  and if someone can share their contact details so that I can talk over the phone to clear things out 

Thank you

[0xBountyManager]

installing mining rig needs some amount of technical knowledge. of course any layman can install those equipment's but main task is to maintain the system.

most of Indian cities are good for cheap electricity use. ROI is crossing more then year in current phase, so a long term estimation must be there.
I suggest you to contact BHANU SHAKIA. you can find him easily in youtube. he has built largest mining farm in india. and is very helpful in this process.

[Sr.VK]

The outcome of the research I did :

# Best way to Mine via farm is to set up a solar plant first as the input cost which is electricity will be very low
# Best place for Steup is Punjab or some area of Rajasthan where solar generation is quite efficient
# Use ASIC miners and some of the rigs if ASIC miners are not available in bulk or required quantity
# Cooling can be done via small AC plant


Let me know if you have any questions to answer

Regards

[suchi2591]

Mining is profitable only when electricity cost is low. I dont think it is much profitable in India.

[Cryptosandy1987]

I don't think INDIA is suitable country for the Mining and this time is also not suitable for this.BTC rate has gone very low.You can't make profit by mining.Big Mining company like hasflare is unable to make profit from Mining.

[rsarkar]

There are some good location in india where mining is still profitable.May it be hilly areas or remote places where electricity would be cheap.
I have pm ed u further details.

[newinbtc]

There are some good location in india where mining is still profitable.May it be hilly areas or remote places where electricity would be cheap.
I have pm ed u further details.

rural area not get cheap electricity. there are many disadvantages of rural area such as no priority of electricity while shutdown you have to wait light to arrive. planing to install mining farm in hilly area is nice. there is no need of coiling system if you go near himachal places near Manali hill station where electricity is normal but no need to spend extra money on coiling system. Some draw back in winter system you may need some heating devices.


There are five major requirements for mining of bitcoins or cryptos in any part of the world or for that matter India.

Cheap Electricity - The mining machines are of very high power consumption and they require a lot of electricity to operate. (Uttarakhand and Chattisgarh are the two states where electricity is cheap)

Cool temperature - As there is a lot of consumption of electricity there is some output as well which the machines generate which even goes up to the range of 75–85 degrees Celsius. (Not in major parts if India)

Mining hardware - The hardware required to mine bitcoins or cryptos is not easily to be found and is the major part of the initial investment to setup the farm.( Not cheap in India)

High Speed internet - Internet is required all the time at high speed for the machines to mine.

Legality Issues - Legal aspects are to be checked as this is one of the major issues which people dont take into consideration while setting up the mining farms.( No legal stance from the government)

Investing in cryptos is very risky so please invest according to your risk appetite. All the views and opinion are my personal views.