Hello
I'm in need guidance in the field of mining.
I have a blank and cool environment for setting up a mining Hardware . About 3 x 4 meters and has 2 cooler . I also have free electric power
Is investing in mining right for me?
I was looking for an investor to start mining. but I did not succeed.
Now I want to get a big loan to start mining.A $ 50,000 loan. With 2-year refund and about 15% profit return
I need guidance before starting. Is this venture wise?
Can I benefit from this? And pay the loan?
I want to use graphics card to mine.
Thanks.
Hi designerhadi, I started with smaller budget but up to now, my investment on mining almost the same as yours.
The loan with 2-year refund, I think it's possible for you, but 15% profit return, is that too high? I think 10% should be reasonable.
Basically, with current price, GPU mining could get ROI in about average 7.5-8 months with your free electric power. We could not predict the future and next year price, but instead of predicting, just do it and create the future!
About your facilities, I dont think 3x4 sizing is enough for all your rigs. 50,000$ if you're going with RX580, you could have about 17 rigs 8x RX580, or if you wanna build GTX1070 rig, you could get about 11 rigs. If you could manage it, it should be nice!