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Author Topic: Investing my $2,000,000 Into bitcoin (advice me)  (Read 3354 times)
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September 20, 2016, 05:08:55 PM
 #41

A friend of my i introduced BTCbitcoin to in 2014 now want to invest $2,000,000 into bitcoin mining and his is asking me is bitcoin mining is still profitable?


I have drafted out my own list but i want advice from you all

This are some question he still asked me..

How much can he make from mining?
and what are the list of equipment we need to buy with the $2,000,000 for us to start mining?


What will be the monthly revenue?
What will be the yearly revenue?

Cost of maintenance?

TOTAL COST OF ELECTRICITY MONTHLY FOR ANY COMPANY OR INDUSTRY IN MY COUNTRY IS $4000
(electricity is cheap here)


Land (Space) have been bought by him

I don’t know about the mining part.  You could easily invest $2,000,000 in hardware, run off solar power and stay nice and cool, even make a dollar or two and then find the equipment to become outdated six months later. 
It not cost so much $200.000! Smiley Not more than $62.000 example ETH/XMR optimized hardware (Including solar system + cooling)

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September 20, 2016, 06:56:55 PM
 #42

A friend of my i introduced BTCbitcoin to in 2014 now want to invest $2,000,000 into bitcoin mining and his is asking me is bitcoin mining is still profitable?


I have drafted out my own list but i want advice from you all

This are some question he still asked me..

How much can he make from mining?
and what are the list of equipment we need to buy with the $2,000,000 for us to start mining?


What will be the monthly revenue?
What will be the yearly revenue?

Cost of maintenance?

TOTAL COST OF ELECTRICITY MONTHLY FOR ANY COMPANY OR INDUSTRY IN MY COUNTRY IS $4000
(electricity is cheap here)


Land (Space) have been bought by him

I don’t know about the mining part.  You could easily invest $2,000,000 in hardware, run off solar power and stay nice and cool, even make a dollar or two and then find the equipment to become outdated six months later. 
It not cost so much $200.000! Smiley Not more than $62.000 example ETH/XMR optimized hardware (Including solar system + cooling)

In fact, pushing that much power to the network might be part of the reason the difficulty rises and makes that equipment useless. 

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September 20, 2016, 07:00:18 PM
 #43

Buying $2,000,000 worth of Bitcoins would be another idea...

The value of Bitcoin has gone up every year since its release

Comes without the work as well  Roll Eyes
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September 20, 2016, 07:25:30 PM
 #44

To be honest i would guess that starting from scratch would be a waste of money and you would soon see your 2 million dissapper,  if i was your friend and really wanted to invest in mining i would invest it in a mining company who have already done the leg work.  Wink
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September 20, 2016, 07:32:01 PM
 #45

With 2.000.000 dollars I guess you can open and start up any business you want.

A good idea if you are real is to buy 1.000.000 dollars worth of bitcoins, secure them in cold storage in a very safe place and with another 1.000.000 you can start easily a casino which in the long run will be much more profitable than any bitcoin mining you do.

You can sell the bitcoins after a few years when price for surely would have gonne up.
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September 20, 2016, 07:52:06 PM
 #46

That is good for you to invest that much money in to Bitcoin, I am sure that you are going to be able to double that money if the future if you buy now. 
The only thing is that you are going to have to wait for a long time.
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September 20, 2016, 08:24:45 PM
 #47

Yeah I feel like unless you have connections to some of the already established big name Chinese mining companies,
you could make more money in other areas with 2 million.
Buying a large amount of Bitcoin and operating a casino type site is a good idea, just be prepared to pay a ton to have your code reviewed and make sure its secure.
You don't want to lose your coins because of some vulnerability like one of the exchanges supposedly did.
I would also invest a bit in some alt-coins like Etherium and Monero. If one of those coins takes off, you could stand to make a ton of money.

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September 20, 2016, 08:30:31 PM
 #48

2M seems to be a large amount to invest in bitcoins. I think even too high since bitcoin is also risk. Sure there is hope, potential and reward but suppose something don't work out for the good you can lose a lot of money. So think twice before doing this.
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September 20, 2016, 08:35:29 PM
 #49

As a small time investment researcher, I would have to say do not do it!  I am not saying this because it is not profitable, for it is, I say this because once you dump $2 Mil into the project, you will need to dump more in to keep up with the times.  The advancement of Bitcoin and coding is so rapid that $2 Mil will not put a dent into it.  If you are really serious and all, please PM me and I have a few designers who are looking for funding to support their projects.  The projects have not been made public yet for fear of someone stepping in and taking the idea and fast tracking it.  I am only a researcher in this field, but you may make a buck or two on this.
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September 20, 2016, 08:42:47 PM
 #50

That's a lot of money, too much to invest in 1 single asset if you ask me. Try to diversify and choose 50% of your online investment for bitcoin, while the rest goes in the promising alts.
That the current strategy I am following and i like it.

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September 20, 2016, 08:54:18 PM
 #51

That's a lot of money, too much to invest in 1 single asset if you ask me. Try to diversify and choose 50% of your online investment for bitcoin, while the rest goes in the promising alts.
That the current strategy I am following and i like it.
I have to say that that is a good idea right now.  If you think about it, Bitcoin is about the age of a 6 week old baby.  By time 6 weeks is hitting more and more people know there is a new baby around, whether or not they see you walk in with a car seat or you tell people.  Bitcoin is so small right now that only 10% of the population know anything about it.  Walk down the street and ask 100 people what bitcoin is and I bet, you get well than 10 of them who know anything about it.  If you have your money into 10 to 20 different promising bitcoin investments, you will be able to ride that wave to retirement once it pops!!
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September 20, 2016, 09:44:55 PM
 #52

You could always just give it away to the small people!!!  Seriously, I do not think it would be worth the investment.  i think you will need about 10 Million in order to make a difference when it comes to mining, unless you are in a country in which you pay next to nothing in electric fees.

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September 20, 2016, 09:51:12 PM
 #53

2,000,00$ is huge investment and that kind of amount is not provably advisable to invest in any program like hyips,gambling,ICO's and any other scammy platform right there but if you are really a altcoin enthusiast well you could build up some exchanger business with that money and the only thing to do is to promote it frequently so it could join to the line up of trading spot of big whales, and that business is what for i've seen will go successfull for that huge amount and also make sure your exchanger business will be more updated for new alts coming in existince.



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September 20, 2016, 10:02:42 PM
 #54

A friend of my i introduced BTCbitcoin to in 2014 now want to invest $2,000,000 into bitcoin mining and his is asking me is bitcoin mining is still profitable?


I have drafted out my own list but i want advice from you all

This are some question he still asked me..

How much can he make from mining?
and what are the list of equipment we need to buy with the $2,000,000 for us to start mining?


What will be the monthly revenue?
What will be the yearly revenue?

Cost of maintenance?

TOTAL COST OF ELECTRICITY MONTHLY FOR ANY COMPANY OR INDUSTRY IN MY COUNTRY IS $4000
(electricity is cheap here)


Land (Space) have been bought by him
Honestly I wont suggest anyone to invest that much amount in any bitcoin related business.If he wants to invest in crypto,advice him to invest in various projects.The wise thing would be for him to invest just $10k and make it $2 million


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September 20, 2016, 10:06:15 PM
 #55

That's a lot of money, too much to invest in 1 single asset if you ask me. Try to diversify and choose 50% of your online investment for bitcoin, while the rest goes in the promising alts.
That the current strategy I am following and i like it.
thats true, i would definitely not put that much money into one thing only because there would be way too much possibilities to lose it
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September 20, 2016, 10:06:55 PM
 #56

You got 2.000.000$ and you want to take advice from the bitcointalk forum members? You better go visit goldman sachs or M. Linch instead. They will make you richer than ever, forever.

aaaaannndddd their gone! Next !
south park lesson Wink

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September 20, 2016, 11:50:08 PM
 #57

You get a sense that the OP might not be really asking because he wants to know because of the fact that he, or his friend, has access to 2 million and doesn't know straight away what to do... It's very easy, catch a flight to China, buy land somewhere where the electric rates are a cent, build a small warehouse, hire someone to do the electrical install, buy used miners and off you go Cheesy

Thanks dear am very happy for the advice
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September 20, 2016, 11:51:40 PM
 #58

A friend of my i introduced BTCbitcoin to in 2014 now want to invest $2,000,000 into bitcoin mining and his is asking me is bitcoin mining is still profitable?


I have drafted out my own list but i want advice from you all

This are some question he still asked me..

How much can he make from mining?
and what are the list of equipment we need to buy with the $2,000,000 for us to start mining?


What will be the monthly revenue?
What will be the yearly revenue?

Cost of maintenance?

TOTAL COST OF ELECTRICITY MONTHLY FOR ANY COMPANY OR INDUSTRY IN MY COUNTRY IS $4000
(electricity is cheap here)


Land (Space) have been bought by him
Honestly I wont suggest anyone to invest that much amount in any bitcoin related business.If he wants to invest in crypto,advice him to invest in various projects.The wise thing would be for him to invest just $10k and make it $2 million
Hahahah that's right 2Million it's enough amount for making companies or big project, but if he can get 2Million and why they do not know about the investing way for their money.?

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September 21, 2016, 08:11:19 AM
 #59

Is this for real? So if you want to invest your 2 million dollars in bitcoin then I guess you can have some partnership with big bitcoin companies. Why not have a partnership with coinbase or blockchain.info or even xapo for sure they are going to have a good improvement if you are going to invest that for real. And you are secured already with your investment because they are already well known companies.
I do think that that is a bit much for you to invest in Bitcoin I think that you should start with less money to just try it out and get the feel and hang of it.
It would be not be a good idea to just spend 2 million on Bitcoin.
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September 21, 2016, 08:18:33 AM
 #60

A friend of my i introduced BTCbitcoin to in 2014 now want to invest $2,000,000 into bitcoin mining and his is asking me is bitcoin mining is still profitable?
Let's all take a moment to imagine that OP's friend invested that $2,000,000 into Bitcoin when he introduced Bitcoin to him in 2014. He could've earned another million dollars or maybe more by now.

I guess Bitcoin mining is still profitable with that large amount of money if you're able to get the mining rigs for a cheap amount. I would suggest that you put your mining rigs in a country wherein it's always cold so keeping the temperature of the rigs wouldn't be another thing to spend your money with.

Nevertheless, how did your friend got his $2M? Why don't he just keep doing what he's already doing. You and your friend seems to have no idea about Bitcoin mining, after all.

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