How much money do I need to invest before I start making money?

[brendanjhwu]

I don't know anything about mining, just wondering how much money do I need to invest into miners to break even?

[1714782619]

1714782619

[1714782619]

1714782619

[1714782619]

1714782619

[n3rvi0zz0]

all your life

[Amph]

the time for break even or roi, will not change based on your investments, so if you invest in one antminer s5, it will be the same if you invest in 10 antminer s5...

initial cost/ total hash power ratio will always be the same

[altcoinhosting]

the time for break even or roi, will not change based on your investments, so if you invest in one antminer s5, it will be the same if you invest in 10 antminer s5...

initial cost/ total hash power ratio will always be the same

Unless you can get a better deal by buying in bulk, or for example, buy a PSU that can power several antminers. You'll need to buy a PSU wether you have 1 or 3. (i guess this goes for all infrastructure costs: they'll become cheaper the more you invest... Cooling, power, storage, security)

Also, if you set up a big farm and register as a company, you might get you power cheaper?

I'm just a beginner myself, so i hope these assumptions are correct?

[Amph]

the time for break even or roi, will not change based on your investments, so if you invest in one antminer s5, it will be the same if you invest in 10 antminer s5...

initial cost/ total hash power ratio will always be the same

Unless you can get a better deal by buying in bulk, or for example, buy a PSU that can power several antminers. You'll need to buy a PSU wether you have 1 or 3. (i guess this goes for all infrastructure costs: they'll become cheaper the more you invest... Cooling, power, storage, security)

Also, if you set up a big farm and register as a company, you might get you power cheaper?

I'm just a beginner myself, so i hope these assumptions are correct?

yes i presume that if you really want to go big(but the risk is also higher) you can find some promotion, that will help you paying less, thus making roi less painful, but i don't expect the difference to be that huge

the cost of your electricity depend on wwhere you live for the most part, registering undersomeone may help, but no so much, i know that china and washington offer a very cheap electricity, below 0.05

[Xialla]

I'm just a beginner myself, so i hope these assumptions are correct?

you are right, anyway, it is very risky business to jump to mining game and I think, that you need some exclusive contracts and know the right guys. for random person "from street" is imho impossible to run profitable mining operations..

[Bananana]

I don't know anything about mining, just wondering how much money do I need to invest into miners to break even?

Buying Bitcoin and making return is much much higher chances then buying miners to make a return. So

[GreatNorthData]

the time for break even or roi, will not change based on your investments, so if you invest in one antminer s5, it will be the same if you invest in 10 antminer s5...

initial cost/ total hash power ratio will always be the same

As stated above, miners are cheaper in bulk. Hosting is also cheaper in bulk.

[alh]

It's going to be critical to understand what your cost per Kilowatt hour is. If it's too high (say $0.15/KWh), then there is NO "economy of scale " that can fix that. Even free mining hardware can't help, if you are spending more in electricity than you are getting BTC.

Electricity cost is really just about your first question to answer.

[phatkiller]

or move into public housing where the goverment pays your electric bill and load up as many miners as possible FREE MONEY!!!

[Valanor]

I don't know anything about mining, just wondering how much money do I need to invest into miners to break even?

how much profit you want ?
if you want to get consistenly 300$ /month you need minimum 5000 ghs
you can calculate in here http://www.coinwarz.com/calculators/bitcoin-mining-calculator

[hedgy73]

It doesn't matter how much you invest it depends on your electricity cost because thats the major expense in running bitcoin miners. If you're paying cheap electricity and have efficient miners then go for it but if you're like 90% of the world then electricity costs and miner costs are more than you can earn. Do the maths and you can work out whether its profitable or not.