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Author Topic: The $20,000 Startup Mining Question  (Read 456 times)
blockchange88
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February 05, 2018, 04:25:35 AM
 #21

i cant believe the amount of these threads. Try getting one miner and setting it up. Then take it from there.

I started from 1 miner and have 5 now.

this. started with one of the three card rigs that phil does sli style. upgraded to risers. now im at 20k sols and growing

search for phils threads on the forum. almost like a bible for getting started.
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nsummy
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February 05, 2018, 04:48:55 AM
 #22

bulllllllshit.  Post a screenshot of your bank account showing that you even have $20k Canadian.  Hell if you can do that I'll buy your first GPU for you. 

These threads are so stupid.

Careful ... It isn't that out of the question.  I've taken about 18K USD out of my savings account and invested it in mining hardware to build my farm over the past few months.  Not everyone is poor.  20K really isn't that much money when you think about what you earn making an average salary of 60-80K over the course of your career in a lot of fields.

I'm not saying $20k is some outlandish amount of money, but the one reoccurring theme in all of these threads is the initial investment is huge, the knowledge about the subject is rudimentary, and the hardware that the person plans on buying is top of the line and almost impossible to acquire.  If someone truly has that amount of money to just throw at a project with zero knowledge, more than likely they are going to pay someone local to do it, not waste their time posting on a message board.  Its really the equivalent of me waltzing onto some street racing forum and asking everyone if they think the brand new Porsche I plan on buying will win any races.
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February 05, 2018, 04:59:15 AM
 #23

have same question
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February 05, 2018, 06:34:20 AM
 #24

I invested almost about 30k for GPU mining in 2017 and it's going more now. I dont know what you want to here from me, but let me share some experiences.

I think 20k is a big investment already. At the beginning, I expect ROI should be around 7 months, and at current down trend, it's about 9-9.5 months.
And it's not easy to deal with all problems of mining processes, such as making ventilation plan, power plan, noise, safety, and cleaning/maintenance.

You're going to purchase Asic miners, I think you need to further consider about noise and ROI. Because manufacturers, they could release new miner very fast, if you dont get miners at few first batch, it may be more risk.
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