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Author Topic: Investing my $2,000,000 Into bitcoin (advice me)  (Read 3354 times)
hua_hui
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September 22, 2016, 01:45:22 AM
 #81

Forget mining, buy BTC and forget about five years.The brief of wealth Smiley

We'll see how good your prediction is: $ 2,000,000 USD buys a cool BTC 3,351 right at the moment, so we'll see how they improve over time shall we?

BTW, how does the BitCoin economy improve if no one is mining to keep the block chain transactions ticking over?

Bitcoin is believed to get more and more widely accepted and this will cause a rise in demand. As for the supply, it is extremely hard to increase the supply that it is not practical for normal computer to do the mining. So that is why a lot of people believe that i n times to come, the bitcoin will rise and you can profit from it.

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September 22, 2016, 02:09:36 AM
 #82

BTC Loading, what did you decide? Did you get into the mining situation?

It's an easy business to run but a difficult one to turn a profit on. The key is building enough scale to earn a profit and having the time to wait to realize that profit. All of that takes significant investment - cash, equipment, time. Try to minimize any investment element you can. Minimize electricity costs by setting up your operation in a cold climate, etc.

There are several calculators to help you estimate your ROI and time to reach that return.

I want to know what you decided, update us!

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September 22, 2016, 02:15:21 AM
 #83

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
Wow That is a huge amount. but you must be carefull to choose minning site because there are so many minning site was a scam. I preffer like to do trade to gain my money, with that amount of bitcoin I will easily get enough profit although just sell my coin in a few above of price that I was bought.


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September 22, 2016, 03:24:10 AM
 #84

You havent listed cost of electricity per kw and is those cost are fixed cost for whatever you use than it may be profitable if you can run several new s9 miner with proper cooling facility. And also you should have good security for your mining device as well as backup generator and good high speed internet connection. I think with current difficulty and price of bitcoin buying and storing bitcoin for more than year could be profitable rather than risking in mining.

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September 22, 2016, 03:35:03 AM
 #85

That's a really huge amount of money to invest on a single type of investment. If I had that amount, I would just buy in tranches rather than go all in one time big time. The price has not been really going up the past weeks and this might be a good time to buy some below the $600 levels.


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September 22, 2016, 03:43:22 AM
 #86

You havent listed cost of electricity per kw and is those cost are fixed cost for whatever you use than it may be profitable if you can run several new s9 miner with proper cooling facility. And also you should have good security for your mining device as well as backup generator and good high speed internet connection. I think with current difficulty and price of bitcoin buying and storing bitcoin for more than year could be profitable rather than risking in mining.

It is just like they are going to make a mining farm that as facility of google like with a good cooling system. But the electricity is going to be his opponent even though he has a big capital for it. Still he needs to think about the cost and profit that he is going to get because if he is not going to do that possible of losing that money is going to be fast.



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September 22, 2016, 03:50:09 AM
 #87

Wow, you must be a rich person. $2,000,000 is really big amount of money for me and you want invest your money into mining. I think it's still worth, but to get ROI is need much time to earn it.
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September 22, 2016, 03:56:40 AM
 #88

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
Wow That is a huge amount. but you must be carefull to choose minning site because there are so many minning site was a scam. I preffer like to do trade to gain my money, with that amount of bitcoin I will easily get enough profit although just sell my coin in a few above of price that I was bought.

$2,000,000 is a big money, you should careful before investing big amount. my suggestion is you can investing for only $500,000-$1,000,000 because we are not know what will happen in future.

with that $500,000-$1,000,000 you can buy hardware s9 like about 5 hardware-10 hardware, and you can build farm mining with using new PC like about 3-5 PC with each motherboard with support 4-6 vga cards to mining eth, and then if there is still money left over, you can buy bitcoin and hold it for half, and for the other half, you can use for trading.

i hope you can get success with your investment.

What will be the monthly revenue?
for 1 s9 a day = 0.285 BTC
monthly = 0.285 BTC x 30 = 8.55 btc
if you have 10 of s9 = 8.55 btc x 10 = 85.5 btc

What will be the yearly revenue?
for yearly = 85.5 btc x 12 = 1026 btc

1026 btc x $650 = $666,900 in one year

Cost of maintenance?
$4000 x 12 month = $48,000

that is just for s9, i am not understand how to calculate for mining etch, maybe its like the same as calculating for bitcoin. you can search in search engine and read more to know the calculate.

i only try to calculate with todays condition, i don't know what will happen in next one year, but with my calculate, you can make your ownself calculating and you can make your decision.

i am sorry if my calculating its wrong because i don't mining with any hardware, its too expensive for me, i only try to make sample for you and i hope you can do the calculation with yourself.

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September 22, 2016, 05:30:32 AM
 #89

I am not an expert in mining but I seriously think that bitcoin mining is a business now and we should leave it for them who consider it so. Casual mining days are over.
Now, I think there is good scope for bitcoin business because there is a slow awareness of bitcoin in various corners of the world so any business which can facilitate bitcoin with our day to day transaction has a tremendous scope and early adoption is cherry on the top. I would advise you to think on various aspects of investment in bitcoin and not just mining.

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September 22, 2016, 02:58:22 PM
 #90

I am not an expert in mining but I seriously think that bitcoin mining is a business now and we should leave it for them who consider it so. Casual mining days are over.
Now, I think there is good scope for bitcoin business because there is a slow awareness of bitcoin in various corners of the world so any business which can facilitate bitcoin with our day to day transaction has a tremendous scope and early adoption is cherry on the top. I would advise you to think on various aspects of investment in bitcoin and not just mining.


Of course, you will be hard pressed to find too many coins that you can get that much invested in without screwing the market. It will take some thought, but mining is not the way to go I think.

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September 23, 2016, 08:36:12 PM
 #91

Is it serious? You all are telling to him put 2 millions on minning?  Shocked Shocked Shocked

I'll sit here and watch this  Roll Eyes
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September 23, 2016, 08:53:12 PM
 #92

I am not an expert in mining but I seriously think that bitcoin mining is a business now and we should leave it for them who consider it so. Casual mining days are over.
Now, I think there is good scope for bitcoin business because there is a slow awareness of bitcoin in various corners of the world so any business which can facilitate bitcoin with our day to day transaction has a tremendous scope and early adoption is cherry on the top. I would advise you to think on various aspects of investment in bitcoin and not just mining.


Of course, you will be hard pressed to find too many coins that you can get that much invested in without screwing the market. It will take some thought, but mining is not the way to go I think.
Find other businesses,there are a lot of possibilities but calculate your risk and be careful

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September 23, 2016, 09:02:29 PM
 #93

I have to ask, why are you choosing mining.  There is so much more to get into out there which could make you more money.  All you need to happen when you are mining is for the next big miner to come out and you just dumped $2,000,000 into old technology!  Just saying.

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September 23, 2016, 09:05:47 PM
 #94

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BTW, how does the BitCoin economy improve if no one is mining to keep the block chain transactions ticking over?

If no one else  is mining I'll keep it going on a RasPi with a 300MH/s USB device.  Grin

Difficulty drops so a few people solo mining on old hardware would keep it going. BTC does not adjust quickly however. So if 75% of network goes offline in a day blocks will be slow for a couple of weeks.

Merge mine BLC+PHO+ELT+XDQ+BBTC+UMO+LIT pool is open http://la1.blakecoin.com tips: 1MogRiTHpQZ7bkpq49cSVWADrTt7Jrghp
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September 23, 2016, 09:28:28 PM
 #95


What will be the monthly revenue?
for 1 s9 a day = 0.285 BTC
monthly = 0.285 BTC x 30 = 8.55 btc
if you have 10 of s9 = 8.55 btc x 10 = 85.5 btc

What will be the yearly revenue?
for yearly = 85.5 btc x 12 = 1026 btc

1026 btc x $650 = $666,900 in one year

i am sorry if my calculating its wrong because i don't mining with any hardware, its too expensive for me, i only try to make sample for you and i hope you can do the calculation with yourself.

yep ur math is wrong.

you need to do a 2 week estimate. and then decrease it by 5%-10% to get the following 2 week estimate and repeat that 24 more times.. then add up the 26 fortnight estimates

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September 24, 2016, 01:13:25 PM
 #96

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

You could kill the electricity costs with solar, but you will need a hefty facility and costs will likely be higher than gain.

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September 29, 2016, 05:33:51 AM
 #97

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

Perhaps get behind an ICO or two.  You can drop the funds in btcpop and process loans all day long, there are things that can be done.

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September 29, 2016, 05:44:47 AM
 #98

I have trouble believing that someone who's gained that much money would be asking random people who generally haven't for advice. That said, on the off chance this is the result of some windfall or something, my best advice would be to invest in your own bitcoin business/project, or in someone else's bitcoin business/project that you believe in.  I didn't bother reading other people's posts, but I'm sure any legitimate advice above would likely boil down to at least one of those two categories.
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September 29, 2016, 06:29:06 AM
 #99

If you own $100M, investing $2M in bitcoin is a good investment.
If it is all you own, it is a dumb choice.
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September 29, 2016, 06:52:10 AM
 #100

Well 2,000,000 million dollars is not a joke amount actually, if you are asking for what you are going to do with it, I think the best thing you can to it is , you need to invest it in the bitcoin mining company. Or you may ask in the bitcoin expert about your investment.

                                 
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