New mining hub

[ajnasa2285]

Hello Everyone,

I am Anuj Singh and I am going to start a mining hub for both SHA256 & Scrypt mining at my home near Lucknow. The facility will have speed of 50 TH/S for SHA256 and 1200MH/S for scrypt.
The main point is at my home where the facility will be established, there we dont pay our electricity bill according to the usage it is fixed irrespective of power consumption. Therefore I think we can earn good profits.
Anybody who will be interested to join my pool and cloud mining platform is totally welcome. What i need is any suggestions for anybody who are willing to help me in starting this facility.

Thank You

[1714036505]

1714036505

[1714036505]

1714036505

[bitcoinisfurture]

Hello Everyone,

I am Anuj Singh and I am going to start a mining hub for both SHA256 & Scrypt mining at my home near Lucknow. The facility will have speed of 50 TH/S for SHA256 and 1200MH/S for scrypt.
The main point is at my home where the facility will be established, there we dont pay our electricity bill according to the usage it is fixed irrespective of power consumption. Therefore I think we can earn good profits.
Anybody who will be interested to join my pool and cloud mining platform is totally welcome. What i need is any suggestions for anybody who are willing to help me in starting this facility.

Thank You

From which board you receive power supply and is it for you case its fixed or in entire area the power is fixed?
What experience do you have in mining?

[ajnasa2285]

It is UP board only and its not for the whole area only for few in those few. We pay a fixed amount there is no metre only. Apart from that i have other sources solar also. I dont experience in mining but i do have experience in cryptocurrencies trading and all. But i will start very soon.

[Mr. Kashif]

It is UP board only and its not for the whole area only for few in those few. We pay a fixed amount there is no metre only. Apart from that i have other sources solar also. I dont experience in mining but i do have experience in cryptocurrencies trading and all. But i will start very soon.

You have a fixed price. Understood! But whats the limit. Obviously we cannot shoot up a 1.5MW container just like that on some small fixed price. Be specific.

[ajnasa2285]

First of all 1.5mw equipment i.e. 12phs container is very costly. I am talking about 50ths equipment first. I can use till 132kva right now at my home and i have a industrial grade power supply at my brick factory of 720KVA. I can use both of them and it will be managed in that only. And some with my links i will work it out. I have got very good connection in govt and other govt bodies. I will get some pressure from some very high profile ppl to make it work. So first i will b going for 50 to 100Ths.

[ajnasa2285]

I am planning to buy 50 Pcs of S7 Antminer and 20 Pcs of L1 Antminer for scrypt.
I want to ask you all will it be good source of profitable mining if my electricity expense is very low nearly zero.
Please post your suggestions. Thank You

[shishirmba]

Hi,

I am planning to start the mining in New Delhi or Noida as I am from Noida. Do you have any idea about where to buy Antminer S7 or S9? Are you planning to visit China for that?

We can collaborate. Please send me message in inbox.

[Mr. Kashif]

Between I have 5 S7's at my place is anyone's interested in buying?

[ajnasa2285]

How much for all 5.

[bitcoinisfurture]

Between I have 5 S7's at my place is anyone's interested in buying?

When was it purchased, do you still have the bill and hows its conditions. Kindly posts few pics of it.

[Mr. Kashif]

https://i.imgur.com/ICJndTj.jpg

Here are my 5 S7's these were purchased in Feb 2016. For price and further information you can contact me via PM.

[bitcoinisfurture]

Are you still mining with this or stopped it. Also the reason for sale?

[Mr. Kashif]

Still mining. I'm trying to big. And I'm contacting people for manufacturing miners in India.

[bitcoinisfurture]

Which all coins at present are you mining and how does your calculation go to see if its yielding you profit or not?

[Mr. Kashif]

Well, right now I'm just mining bitcoins. And it is giving really good results. I'm looking into ETH mining too but I'm facing lot of cons in it.

[bitcoinisfurture]

Well, right now I'm just mining bitcoins. And it is giving really good results. I'm looking into ETH mining too but I'm facing lot of cons in it.

Could you share the results and what are the cons you are finding in ETH?

[Mr. Kashif]

Well, right now I'm just mining bitcoins. And it is giving really good results. I'm looking into ETH mining too but I'm facing lot of cons in it.

Could you share the results and what are the cons you are finding in ETH?

Practically mining ETH is not that hard but making a ROI is because :
1. You have to calc. the price of whole rig (Motherboard, RAM, Processor, etc.) to carefully plan your ROI.
2. The graphic cards overheat if not maintained their heat levels.
3. Cannot implement immersion cooling. (Still working on this)
4. Upgrade in hardware like the SSD/HDD 'cause the applications developed stay on the blockchain.
5. The whole network has to be synced before you mine.
6. Cards can go bust/worn out. (life isn't guaranteed)

and many more. these are just the basics. Think about it. An do let me know if I'm wrong at any point. It'll be much appreciated.

[soyab0007]

with your points.. you have scared me... 

[bitcoinisfurture]

with your points.. you have scared me... 

Since BTC prices are on rise at present so would certainly beneficial as well as compared to ETH

[Mr. Kashif]

with your points.. you have scared me... 

I don't mean to scare anyone here. That's the reality brother. As I have my own farm right now and being a good analyst made me realize these things in time. I'm still trying to figure out how to pull ETH mining efficiently.