I have 3 Million USD to invest into Crypto Currency - How should I do it?

[Profetu]

Buy BTC and hold. The difficulty is high enough as it is. 

On a serious side: no profitable miners are available. Only S1 by a slim margin. And maybe the A2 Terminators for scrypt.

[MarketNeutral]

I am in a situation where I must make some decisions on how to proceed with a budgeted investment into Crypto currencies.

Our group is looking to speak with all equipment manufacturers and anyone who might have some splendid ideas on how to best
capitalize on crypto. 

Specifically, we wish to entertain all avenues of investment.

Note that this investment can grow to as much as 10M over time however as a group we have elected to begin with 3M and take things
in stride.

We are wanting to see who can offer the best mining hardware and at the best price. Don't bother offering me used gear and/or crazy high prices for 1.4Th units etc...

We are also looking into ATM machines and establishing an ATM network for Crypto-Currency etc.

Feel free to contact me on skype: host.wanted

No phone calls please.  If you skype me I can give you my email address as a first form of contact, and then we can maybe get on a call.

I own a few datacenters so Im looking to fill them with my own equipment as well as other peoples colo bitcoin rigs and the like.

So the question of this thread is:  IF YOU HAD 3M, what would YOU do with it in Crypto?  let's get the creative juices flowing and see where it goes.

Ya'll ready?

How soon are you looking to invest, OP?

There's a private investment company I can introduce you to that's currently developing a next-generation miner. This company is a registered investment fund that works exclusively with high-net worth investors. They may be willing to work with you if you are willing to show that you're indeed a qualified/accredited investor. I assume the 3 million refers to US dollars, and if so, that full amount would not even be necessary. The mining hardware this company is developing is far more powerful than anything currently available, and I know they're considering selling it exclusively on a private, bespoke basis. If this seems like something you're interested in, send me a private message, and I can get the ball rolling.

[dailycoins]

If you have to invest it in cryptocurrency I suggest that you buy bitcoins directly. Price is quite good atm and you have good chance to make some money with it in couple months.

[619mining]

How soon are you looking to invest, OP?

There's a private investment company I can introduce you to that's currently developing a next-generation miner. This company is a registered investment fund that works exclusively with high-net worth investors. They may be willing to work with you if you are willing to show that you're indeed a qualified/accredited investor. I assume the 3 million refers to US dollars, and if so, that full amount would not even be necessary. The mining hardware this company is developing is far more powerful than anything currently available, and I know they're considering selling it exclusively on a private, bespoke basis. If this seems like something you're interested in, send me a private message, and I can get the ball rolling.

Definitely PM me here or skype me, this is intriguing for sure.

Skype: host.wanted

[619mining]

If you have to invest it in cryptocurrency I suggest that you buy bitcoins directly. Price is quite good atm and you have good chance to make some money with it in couple months.

I believe that will be a part of the strategy. I would really like to put some real nice services online that use crypto's.  We have a think-tank session coming up to try to come up
with some ideas based on the "when theres a gold rush, sell shovels" statement above.  Thanks for that statement by the way. Surely helped clear the thinking path.

[IamRichard]

How soon are you looking to invest, OP?

There's a private investment company I can introduce you to that's currently developing a next-generation miner. This company is a registered investment fund that works exclusively with high-net worth investors. They may be willing to work with you if you are willing to show that you're indeed a qualified/accredited investor. I assume the 3 million refers to US dollars, and if so, that full amount would not even be necessary. The mining hardware this company is developing is far more powerful than anything currently available, and I know they're considering selling it exclusively on a private, bespoke basis. If this seems like something you're interested in, send me a private message, and I can get the ball rolling.

Definitely PM me here or skype me, this is intriguing for sure.

Skype: host.wanted

highbitcoin.com?   or rather peernova

[J_Dubbs]

Are you willing to pay for consulting?

[MarketNeutral]

How soon are you looking to invest, OP?

There's a private investment company I can introduce you to that's currently developing a next-generation miner. This company is a registered investment fund that works exclusively with high-net worth investors. They may be willing to work with you if you are willing to show that you're indeed a qualified/accredited investor. I assume the 3 million refers to US dollars, and if so, that full amount would not even be necessary. The mining hardware this company is developing is far more powerful than anything currently available, and I know they're considering selling it exclusively on a private, bespoke basis. If this seems like something you're interested in, send me a private message, and I can get the ball rolling.

Definitely PM me here or skype me, this is intriguing for sure.

Skype: host.wanted

Will do. I'll gather all the info and get in touch soon.

Cheers!

[Oldiesel]

Invest if possible in development or producing companies that make and sell BTC hardware,.....They are or become the big BTC millionairs, the miners are the poor bastards at the end 

[Angela8488]

I think you should invest in proportion, some money brought mining, some of the money used to buy bitcoin

[gallery2000]

"If you want to get into mining you have to understand it is very hard to be among the best so you better invest a lot of time and get a lot of human capital to go with your 3m to be profitable"

In this regard I am well covered as I have an entire technical staff to deploy, monitor and tune rigs. We already do this for our customers, some of which are at very high levels of hash rate.

What types of ideas are out there regarding what you refer to as bitcoin sites?  Like a coinbase type site or are you thinking something more?

So now you want to compete against your customers?  What a back stabber!

[619mining]

So now you want to compete against your customers?  What a back stabber!

No, not at all. In fact some of my customers are partners in more ways than one.
We don't really have "customers" in the traditional sense when it comes to BTC.

[bjalbert]

Shouldn't you become an expert on the subject matter before investing 3M dollars? Also, why wouldn't you hire a highly experienced bitcoin vet for advice.

If you have no background in mining and the economics of it I wouldn't recommend getting into it until you yourself spend 4+ months mining.

[fattypig]

3 million is a lot, I am more interested in how you get that..

[boumalo]

Shouldn't you become an expert on the subject matter before investing 3M dollars? Also, why wouldn't you hire a highly experienced bitcoin vet for advice.

If you have no background in mining and the economics of it I wouldn't recommend getting into it until you yourself spend 4+ months mining.

He says he is :

In this regard I am well covered as I have an entire technical staff to deploy, monitor and tune rigs. We already do this for our customers, some of which are at very high levels of hash rate.

It would be crazy to invest 3m in bitcoin mining without doing its due diligence

[b!z]

Buy ultradogebuckblackripplecoins

[hheellll]

I would hazard a guess that most of those who have responded here, do not have 3 million USD to invest in a speculative project.

Neither do I, however I (my family) is worth several million dollars, accumulated by earning, saving and investing, the old fashioned way. A part of my net worth is in liquid form and some of it is in form of real estate or capital equipment.

Consequently, I would not hold my breath awaiting an intelligent investment discussion here, especially on a topic as new and fluid as bitcoin investing. I hope that I am not insulting anybody.

On this sour note, let me continue and say that running bitcoin mining in an air conditioned data center would be prohibitively expensive for the following reasons:

1) You have to comply with various datacenter safety regulations. Proper electrical wiring for a high power density computing project is expensive. You may need to bring more power to your data center, pay for more utility transformers, etc.

While small miners or dedicated miners can skip a lot of safety gear, NEC compliant wiring, etc, an owner of a data center would have to follow all proper electrical practices required by authority having jurisdiction.

2) Assuming that your datacenter is cooled, the cost of energy required to mine, and to cool the air heated by mining, would be at least 3-4 times the cost of an un-air-conditioned miner installation.

So, the choices that you have is

1) Purchasing and passively owning some bitcoin. If you do this, it would be imprudent to trust anyone besides yourself to safekeep your bitcoins.
2) Creating some bitcoin related business.

The difference between 1 and 2 is night and day. I would expect a bitcoin related business to be an enormous hassle in terms of time commitment required. The time drain factors are regulation and money laundering hassles, thieves trying to steal your bitcoins, plus other factors inherent in any other new business venture.

So, if you want to put that 3 million to work as part of your big portfolio, it may be disproportionately time consuming to do it as a bitcoin related venture.

Realistically, this leaves the passive option as the only one viable.

I do not have an intelligent opinion on where the bitcoin prices are headed, and neither does anyone else. So please do not interpret my reasoning as a suggestion that owning bitcoins is better than owning an index fund. I am just saying that more active options may not be a good choice for a "$3M portfolio investment".

The last choice, passively investing in a bitcoin business, is only tenuously related to bitcoins and is akin to any other venture investing.

[Dalkore]

Call me is my best advice if you really want to invest $3 million in Bitcoin. 

[Oldiesel]

Become a exchanger yourself ?

[devphp]

Here is a balanced mid-to-long term crypto currencies portfolio you can check out.