$40 000 to invest, is there money to make in mining?

[iqlimasyadiqa]

I think and believe mining for now is a high risk, the level of difficulty is increasing so the results always go down, better mining with a small scale if profit we can add again.

With a small scale we will certainly get little results. Taking the risk by buying rigs in my opinion is a good choice because we can still take advantage of our rigs, when we need money we can easily sell some of the hardware we have. Taking risks to earn a lot more income in my opinion there is nothing wrong to do. Utilizing some of the current altcoin mining can make us ROI between 6 to 8 months.

[1714856753]

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[1714856753]

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[Fredomago]

I think and believe mining for now is a high risk, the level of difficulty is increasing so the results always go down, better mining with a small scale if profit we can add again.

With a small scale we will certainly get little results. Taking the risk by buying rigs in my opinion is a good choice because we can still take advantage of our rigs, when we need money we can easily sell some of the hardware we have. Taking risks to earn a lot more income in my opinion there is nothing wrong to do. Utilizing some of the current altcoin mining can make us ROI between 6 to 8 months.

got your logic and its true if you know how to maximize your earnings just for 6-8months you will able to regain your investment and all the equipment can be sold after, I'm not really good with this but bringing the essence of your reply i seen that if this can be done properly that amount of investment can be doubled or more in just a year if lucky enough to mine good coins.

[bet101]

Hello,

I have a place that electricity is near free,

With 40k$ investment, is there a way to make profit in mining?

What gear to buy to make profit? what is the most profitable minable currency? what are best mining softwares?

Thank you

4oK investement , yes there is some money to be made in mining, with the right hardware and mining softwares you should be able to make some gains in the long run.

[mustangy]

i did more 60k
aug 1 will not kill btc even if segwitx2 hits
my opinion
just struggling how to use wallet to get most secured and get new coins also
coinbase not supporting now i have take out of coinbase my bitcoins
any info how to stay out of coinbase safely and how get forked coins ?

[novhitadaloma]

Hello,

I have a place that electricity is near free,

With 40k$ investment, is there a way to make profit in mining?

What gear to buy to make profit? what is the most profitable minable currency? what are best mining softwares?

Thank you

$40K is a capital that is quite a lot, with that much capital you will be able to a good miner tool. I advise you to mine a monerocoin with a low level of difficulty but a good price in the market. I usually use enhancements like external invidia for best performance.

[Liquid71]

If you have near free electric you already know there is money to be made, your operational not including time is zero so why ask if there is any money to be made?

[btc4peace]

If you are seriously looking to invest in mining, check out http://cloudmining.co.in

[hammo]

if you will not sell your coins, mining is great.
maybe it is not most profitable with those prices but  it will be good in the future.
mine and HODL.

[ramroom]

With $40K Investment I'd buy 3 or 4 if you can of the new Dash ASIC miners from Innosilicon:
 http://www.innosilicon.com/html/a5-miner/index.html

[alani123]

With a potential Bitcoin fork in the horizon it would be especially risky to have any amount of money invested in mining Bitcoin right now as such investments can become far less profitable depending on the outcome of the fork. I'd just wait until some days after August one.

[btc4peace]

Wise advice.

With a potential Bitcoin fork in the horizon it would be especially risky to have any amount of money invested in mining Bitcoin right now as such investments can become far less profitable depending on the outcome of the fork. I'd just wait until some days after August one.

[bubblebit]

In today's trend about the fork, it is so risky, maybe adjust your timestamp after August 1.
After that just consult or be assisted by BTCitcoiners with high mining experience, high rank with a high trust in this forum.
It wouldn't be wise being alone if your not familiar to it.

[btc4peace]

Did you have a chance to consider http://btcfarm.org ?

[samsonn25]

40k you can buy a nice used car and enjoy.

Or buy 250 shares of Alibaba

[AngelSky]

40k you can buy a nice used car and enjoy.

Or buy 250 shares of Alibaba

I think with that you can enjoy yourself for some days.But you can't earn any thing. To earn anything you must take risk. And in bitcoin their is not such a risk at all.Mining is the best to inverse the money. As compared to trade ,mining give you a double the profit of your invested money.

[GMPoison]

I'm doing something similar soon, I'll be going with ~20 of the the L3+ miners. They consume half as much power as the S9 which means less heat to deal with and electricity to pay, they can mine more than just one coin, and they're far more profitable right now than the S9.

[Blazarius120]

If you can even find any ASIC's to buy. The bitmains are the best deal but they're always sold out!

[GMPoison]

If you can even find any ASIC's to buy. The bitmains are the best deal but they're always sold out!

They're still available on eastshore, but for the October batch which is ~60 days until they ship.

[Blazarius120]

You're welcome to check my whitepaper on my ICO for starting a crypto mining operation. We are currently running numbers with about $100,000 so you can get some idea of what kind of costs and profits are involved for BTC, Dash, Litecoin, and Ethereum/Altcoin mining.

[ProoLogic]

IF I'm you:
with 70% of amount I'll buy  (at least try  at bitmine.com)-
S9 and/or Lt3+
also some Avalon miners

with 30% of amount GPU rigs...