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Author Topic: Investing 3.2 Million into a Miner  (Read 1003 times)
OvervoltYou
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May 29, 2014, 07:28:21 AM
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Hey guys well I am in need of some advice on who to go to. A friend of mine told me about this whole bitcoin thing and said that my warehouse that I own would be good for this sort of mining (I store my personal things there but would be interested in using part of the space for the miners).

As of now what I have planed out is a T1 internet for the warehouse and all the proper ventilation needed.(Will be hiring a local expert in that scene if I need fixing). My only question for this community is which miners should I be sticking with and what will be the best bet for the bucks. I am willing to lay down around 3.2 Million of my spare savings into this and see where it goes. I have bought 13 bitmain 180 GH/s Miners and it was able to convince me to get the 1 th/s machines. I no longer will be using those as my main focus is just using only 1th/s setups.

Please give me some feedbacks on what you have used and what you think would be the best investment in for it.
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jimmothy
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May 29, 2014, 07:32:35 AM
 #2

Can we stop with all the "I have X amount of money, what do I do with it?" threads?


Short answer:
Do your own research like anyone else ready to spend more than a weeks paycheck on something.
ranlo
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May 29, 2014, 07:35:49 AM
 #3

Can we stop with all the "I have X amount of money, what do I do with it?" threads?


Short answer:
Do your own research like anyone else ready to spend more than a weeks paycheck on something.

This. What makes it worse is that people keep throwing out these questions and don't realize that, for the most part, nobody knows. People speculate. Everyone has their own opinions and none of them are necessarily right. You're just as well off blindly picking random crap and hoping for the best because the future is unknown.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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RoadStress
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May 29, 2014, 07:42:55 AM
 #4

Get miners from my sig and 1% of the hashrate that you buy will be hashing for charities.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
aurel57
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May 29, 2014, 09:36:28 AM
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I find it hard to believe anybody that has $3.2 mil to throw at BTC mining is asking questions here without researching things first. Then maybe you would see that the chances of you getting 100% of your money back is slim to none by buying off the shelf equipment and installing the infrastructure needed to run a large farm. Mining BTC is not where the money is being made. If you think BTC is going to raise then buy coins.
dogie
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May 29, 2014, 09:39:01 AM
 #6

tldr, pm me

xstr8guy
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May 29, 2014, 09:51:20 AM
 #7

Good luck with your 3.2 million investment. After 6 months of mining you should earn about 1 million. After that you can throw your gear in the trash because it will be worthless.

Or you could save yourself the trouble and just send me 2.2 million dollars and call it a day.  Cheesy
C.Steven
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May 29, 2014, 10:21:24 AM
 #8

Hey guys well I am in need of some advice on who to go to. A friend of mine told me about this whole bitcoin thing and said that my warehouse that I own would be good for this sort of mining (I store my personal things there but would be interested in using part of the space for the miners).

As of now what I have planed out is a T1 internet for the warehouse and all the proper ventilation needed.(Will be hiring a local expert in that scene if I need fixing). My only question for this community is which miners should I be sticking with and what will be the best bet for the bucks. I am willing to lay down around 3.2 Million of my spare savings into this and see where it goes. I have bought 13 bitmain 180 GH/s Miners and it was able to convince me to get the 1 th/s machines. I no longer will be using those as my main focus is just using only 1th/s setups.

Please give me some feedbacks on what you have used and what you think would be the best investment in for it.

Seriously, if you have 3.2 mil to be spent on mining, you should spend a day doing the research yourself rather than seeking advice from random persons here.


zakoliverz
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May 29, 2014, 01:30:23 PM
 #9

That's sounds wrong.
Questionator2
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May 29, 2014, 02:33:16 PM
 #10

Give it to me i will return 10% more within 2 weeks  Grin
sameev29
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May 29, 2014, 03:30:57 PM
 #11

Hey guys well I am in need of some advice on who to go to. A friend of mine told me about this whole bitcoin thing and said that my warehouse that I own would be good for this sort of mining (I store my personal things there but would be interested in using part of the space for the miners).

As of now what I have planed out is a T1 internet for the warehouse and all the proper ventilation needed.(Will be hiring a local expert in that scene if I need fixing). My only question for this community is which miners should I be sticking with and what will be the best bet for the bucks. I am willing to lay down around 3.2 Million of my spare savings into this and see where it goes. I have bought 13 bitmain 180 GH/s Miners and it was able to convince me to get the 1 th/s machines. I no longer will be using those as my main focus is just using only 1th/s setups.

Please give me some feedbacks on what you have used and what you think would be the best investment in for it.

I suggest you not to use all of your $3.2 million into mining.

You can start with $1 million and see how can adjust with the mining universe.

I can get you KNCminer Neptunes for a little discount.I am one of their affiliates.

PM me if you plan to buy those.
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May 29, 2014, 08:06:16 PM
 #12

Can we stop with all the "I have X amount of money, what do I do with it?" threads?


Short answer:
Do your own research like anyone else ready to spend more than a weeks paycheck on something.

+1  , you really expect to put money in your pocket son ? you're here toooooo late !
iglasses
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May 29, 2014, 08:14:49 PM
 #13

ZOMG You will have your OWN T-1 LINE?Huh   That's ludicrous man! That's like an entire 1.5MB (minus the overhead).  You will rule the Internet and Bitcoin!


Said: 1990
 

I only have a signature because I'm allowed.
bigasic
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May 29, 2014, 08:19:49 PM
 #14

Dude, forget mining. Invest into bitcoin. Its at a good price right now. Back when you could fpga mine or the first few months of asic were okay, but now its a lost cause.. invest into coin and hold....
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May 30, 2014, 04:24:49 AM
 #15

Very very bad idea investing that amount of money in mining alone while having done no research.
DeathAndTaxes
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May 30, 2014, 04:33:18 AM
 #16

The 1990s called and they want their T1 line back.    Roll Eyes
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May 30, 2014, 06:17:05 AM
 #17

I agree with previous posts, buying ASIC today is a very risky business. It is very unlikely you ll be able to reach ROI and resale value of these machines after about a year is next to nothing. On the other hand, if you buy coins and the price goes up you ll get make millions.

Just to add, none of us would be here if we did not believe the price will go SIGNIFICANTLY up. If you do decided to go with ASIC, differentiate between SHA, SCRYPT and buying coins. Never keep all of your eggs in the same basket.

cp1
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May 30, 2014, 06:26:45 AM
 #18

I'll consult with you for 1 million.  Fly me out on your private jet and we'll talk.

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
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May 30, 2014, 06:33:12 AM
 #19

Hey guys well I am in need of some advice on who to go to. A friend of mine told me about this whole bitcoin thing and said that my warehouse that I own would be good for this sort of mining (I store my personal things there but would be interested in using part of the space for the miners).

As of now what I have planed out is a T1 internet for the warehouse and all the proper ventilation needed.(Will be hiring a local expert in that scene if I need fixing). My only question for this community is which miners should I be sticking with and what will be the best bet for the bucks. I am willing to lay down around 3.2 Million of my spare savings into this and see where it goes. I have bought 13 bitmain 180 GH/s Miners and it was able to convince me to get the 1 th/s machines. I no longer will be using those as my main focus is just using only 1th/s setups.

Please give me some feedbacks on what you have used and what you think would be the best investment in for it.


I will play nice and say one thing what does power cost you?

If you are under 8 cents a k watt .

I will say how much power do you have? 

If you say  you have   a 240 line with 400 amp service

I will say offer a hosting service.


Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
DolanDuck
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May 30, 2014, 01:40:41 PM
 #20

You should invest them directly in bitcoins and have better gains instead of buy hardware that you will trash in few months.

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