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Author Topic: New startup with 250k, what should I invest in?  (Read 1961 times)
forrestt
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December 15, 2015, 03:53:51 PM
 #1

Hello,
    I have acquired over 250k to the project and am stumped on which miners to purchase and the space to put them in. I fully understand the heating issues, and space is not an issue, but any type of advice is quite appreciated.
      Cheers
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Prelude
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December 15, 2015, 06:30:57 PM
 #2

You can't buy knowledge. Spend a few dozen hours educating yourself before you proceed with your venture.
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December 15, 2015, 09:14:46 PM
 #3

Depends on your electricity rate, if you already have a datacenter-like setup to place the miners in, etc. Maybe give us more details on your situation?

You can't buy knowledge. Spend a few dozen hours educating yourself before you proceed with your venture.

I'd sell my knowledge Tongue Consultants and specialists get paid for it all the time. Of course, this is a lot of money to entrust into some dude on the internet.

We are the Mineority @ https://mineority.io
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December 15, 2015, 09:17:15 PM
 #4

You should invest in people, in project manager, maybe running a startup competition and fund the best one, this is a good idea too.


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icezer0z
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December 17, 2015, 03:31:23 AM
 #5

You can pay me and I will teach you.

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December 17, 2015, 03:50:17 AM
 #6

Depends on your electricity rate, if you already have a datacenter-like setup to place the miners in, etc. Maybe give us more details on your situation?

You can't buy knowledge. Spend a few dozen hours educating yourself before you proceed with your venture.

I'd sell my knowledge Tongue Consultants and specialists get paid for it all the time. Of course, this is a lot of money to entrust into some dude on the internet.

Trust me it never works out.  I have had 3-4 of these start ups that come to me though PM and ask about a start-up and want info.  Almost all it is not cash they have but cash they are asking if they had.

The first one I thought what do I have to lose? Anwser is time... so many questions and in the end no pay as it stay's in planning.   The other ones I have gauged seriousness and they just were not even up to par.

I suggest anyone thinking this is a great idea to advise... skip it unless they are paying up front.   And honestly it's better they research it on their on as they will learn so much more then giving certain answers.  Being a knowledgeable investor is important
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December 17, 2015, 05:03:07 AM
 #7

If you got 250K buy some oil patch contracts instead. You will have a greater chance of making money then in mining at the moment.

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VirosaGITS
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December 17, 2015, 06:49:02 AM
 #8

Depends on your electricity rate, if you already have a datacenter-like setup to place the miners in, etc. Maybe give us more details on your situation?

You can't buy knowledge. Spend a few dozen hours educating yourself before you proceed with your venture.

I'd sell my knowledge Tongue Consultants and specialists get paid for it all the time. Of course, this is a lot of money to entrust into some dude on the internet.

Trust me it never works out.  I have had 3-4 of these start ups that come to me though PM and ask about a start-up and want info.  Almost all it is not cash they have but cash they are asking if they had.

The first one I thought what do I have to lose? Anwser is time... so many questions and in the end no pay as it stay's in planning.   The other ones I have gauged seriousness and they just were not even up to par.

I suggest anyone thinking this is a great idea to advise... skip it unless they are paying up front.   And honestly it's better they research it on their on as they will learn so much more then giving certain answers.  Being a knowledgeable investor is important

Fair enough, back to replying to forum to these questions as time allow. I do have people that PM me often and ask me tons of question. I do reply and i don't mind too much because of my free time but yeah. I don't really get anything tangible out of it.

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December 17, 2015, 10:41:35 AM
 #9

i would buy bitcoin direclty, much easy at this point, wasting time on a thing that is going to be less and less profitable because the diff is skyrocketing apparently, due to the price

maybe if you really want to invest in mining wait even more so the price of the asic will be even cheapr and the risk far less, because even if the roi remain the same you spent a much lower amount for the same hashpower
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December 17, 2015, 06:56:21 PM
 #10

Depends on your electricity rate, if you already have a datacenter-like setup to place the miners in, etc. Maybe give us more details on your situation?

You can't buy knowledge. Spend a few dozen hours educating yourself before you proceed with your venture.

I'd sell my knowledge Tongue Consultants and specialists get paid for it all the time. Of course, this is a lot of money to entrust into some dude on the internet.

Trust me it never works out.  I have had 3-4 of these start ups that come to me though PM and ask about a start-up and want info.  Almost all it is not cash they have but cash they are asking if they had.

The first one I thought what do I have to lose? Anwser is time... so many questions and in the end no pay as it stay's in planning.   The other ones I have gauged seriousness and they just were not even up to par.

I suggest anyone thinking this is a great idea to advise... skip it unless they are paying up front.   And honestly it's better they research it on their on as they will learn so much more then giving certain answers.  Being a knowledgeable investor is important

Fair enough, back to replying to forum to these questions as time allow. I do have people that PM me often and ask me tons of question. I do reply and i don't mind too much because of my free time but yeah. I don't really get anything tangible out of it.

I do to I enjoy helping people.  I do lot's of posts on here to help with mining issues and I love tinkering so I have done 1 on 1 many times on help over the years. Teamveiwer is a great tool for someone who has never mined.

But helping someone like that vs someone who say's they are going to be a quarter of a million dollar company is huge difference.  You can try it once they will  want skype and you are talking about many hours in first day and following day's depend.   

Of the around 4 I have talked to they just were not serious enough, it was more "what if I invest".  Only 1 did I really go a decent amount of time that was all wasted.  I suggest you try it once and you will come to same conclusion I'm betting.

Or you might ask for payment before talking to them, and would get something.  I just hated to ask for payment when I don't know if i can help with all aspects, so I didnt make payment up front.
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December 21, 2015, 02:15:05 AM
 #11

250k start-up and asking for advise lol.  1 Post and no doubt never to return or even read maybe read as guest. If you got that much I would just buy crypto save for the future and not bother to waste time on mining. Just learn how to trade crypto or get someone or some people and a team to trade active and make a business out of it trading daily and making a good income and future from it.

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December 21, 2015, 02:19:10 AM
 #12

250k start-up and asking for advise lol.  1 Post and no doubt never to return or even read maybe read as guest. If you got that much I would just buy crypto save for the future and not bother to waste time on mining. Just learn how to trade crypto or get someone or some people and a team to trade active and make a business out of it trading daily and making a good income and future from it.

I would totally bother mining with a 250k Startup, but you're right, i don't think OP is serious at all and replying here is not for OP, but for whoever comes by here looking for some ideas. Best wait for someone serious, with some real questions.

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December 21, 2015, 02:23:28 AM
 #13

250k start-up and asking for advise lol.  1 Post and no doubt never to return or even read maybe read as guest. If you got that much I would just buy crypto save for the future and not bother to waste time on mining. Just learn how to trade crypto or get someone or some people and a team to trade active and make a business out of it trading daily and making a good income and future from it.

I would totally bother mining with a 250k Startup, but you're right, i don't think OP is serious at all and replying here is not for OP, but for whoever comes by here looking for some ideas. Best wait for someone serious, with some real questions.

Indeed. Even mining with that start up is going to just lead to massive problems. I was tempted a few times and still tempted at making own mining farm but one thing always find is cost ratio of equipment energy used and cost per kwh in UK and it only seems to make maybe 10% profit if that and then it is a massive risk with buying equipment. If I had 1 cheap energy in uk 2 cheap enough equipment and 3 all being cost effective id be still in the mining game today. However with the next halving in June/July next year is going to be bare impossible to make any profit on mining at current hardware cost and BTC price. I will stick to good old trading buying low selling high, trade among many exchanges and alt crypto and gain that way.

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December 21, 2015, 11:14:49 AM
 #14

Wait just a minute, how on earth did you manage to get 250k of funding without knowing what exactly youre going to do....Who in the hell invests that much in someone that is "stumped"??
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December 21, 2015, 07:25:24 PM
 #15

It don't seems real, a newbie asking where to invest 250k dollars ... Before to create the startup and collecting funds you have to develop a project and know how it works, witch problems you can have...
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December 21, 2015, 07:55:04 PM
 #16

Classic cars. You can't drive a bitcoin while its price doubles. Cheesy
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December 21, 2015, 08:34:52 PM
 #17

My consulting fees start at 0.75BTC per hour and go up from there.  I have a non-refundable deposit of 5BTC for a retainer.  As soon as your coin hits my wallet and confirms, I'll start providing you with services.  My wallet address is 1DevLdogN52pHdjZnsgi4HzreFDB4ZHVre.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
markj113
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December 21, 2015, 09:32:39 PM
 #18

My consulting fees start at 0.75BTC per hour and go up from there.  I have a non-refundable deposit of 5BTC for a retainer.  As soon as your coin hits my wallet and confirms, I'll start providing you with services.  My wallet address is 1DevLdogN52pHdjZnsgi4HzreFDB4ZHVre.

Now thats what I call a brief CV  Smiley





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jonnybravo0311
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December 21, 2015, 09:59:00 PM
 #19

LOL... figured I'd just throw the summary out there since chances are about zero OP will ever return, or was even serious about the request when posted.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
notlist3d
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December 22, 2015, 04:49:52 AM
 #20

My consulting fees start at 0.75BTC per hour and go up from there.  I have a non-refundable deposit of 5BTC for a retainer.  As soon as your coin hits my wallet and confirms, I'll start providing you with services.  My wallet address is 1DevLdogN52pHdjZnsgi4HzreFDB4ZHVre.

Now thats what I call a brief CV  Smiley

OP has not logged in since:  December 17, 2015, 05:45:58 PM

So many of these threads saying I have X amount of money are just pure fantasy.  I am willing to bet OP looked at current difficulty and got free advice and is out of the game before he ever started.  I think people would be upraised how many of these start up wanting others to do the footwork on researching mining for them, and then the person does not come back most cases I believe it is because the money was never there.
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