Start-up capital

[den.faulkner1990]

I'm worked a lot few years ago and get some money from my activity safe. I'm want to invest it in BTCoins. Are there some guides for starting miners?

1st:
- start-up capital , allowing to receive minimal profit. is it 1000$? or may be 12000$? any advices?

2nd:
- what about explicit costs? is it only electrisity? or may be something else?

3rd:

- what about equipment? what advice would you give a beginner? ASIC miners or may be powerful gpu's?

4rd:

- what about optional equipment? separate computer to synchronize the process of mining? som kinds of emergency power unit's?

5th:

- some questions about pools. i will formulate it later

[1715460725]

1715460725

[1715460725]

1715460725

[1715460725]

1715460725

[1715460725]

1715460725

[1715460725]

1715460725

[railzand]

https://bitcointalk.org/index.php?topic=673109.msg7638233#msg7638233

Don't mine, it will lose you money.
Buy bitcoins and secure them.

[DrG]

I'm worked a lot few years ago and get some money from my activity safe. I'm want to invest it in BTCoins. Are there some guides for starting miners?

1st:
- start-up capital , allowing to receive minimal profit. is it 1000$? or may be 12000$? any advices?
no mining hardware wil earn profit, only loss.  The more you spend the more you will lose
2nd:
- what about explicit costs? is it only electrisity? or may be something else?
mostly electricity for mining and cooling, some minimal maintenance costs, but also startup for upgrading power sockets
3rd:

- what about equipment? what advice would you give a beginner? ASIC miners or may be powerful gpu's?
GPUs are pretty much obsolete even for alts.  ASICs have come to chase the $
4rd:

- what about optional equipment? separate computer to synchronize the process of mining? som kinds of emergency power unit's?
not worth using power backups. Maybe a generator if you run a large farm and some power conditioners, fuses
5th:

- some questions about pools. i will formulate it later

[ThomasCrowne]

Unless your thinking about throwing the equivalent of 6 figures at mining equipment and are able to secure some sort of sweet deal you will more likely than not end up with less than you started with by the time your rigs are consuming more power than they are generating in coin.  <---any non pre-order will basically hit this point within a month or two at the latest.

[ALToids]

Unless your thinking about throwing the equivalent of 6 figures at mining equipment and are able to secure some sort of sweet deal you will more likely than not end up with less than you started with by the time your rigs are consuming more power than they are generating in coin.  <---any non pre-order will basically hit this point within a month or two at the latest.

You would need to throw 7 figures at it now - basically you would need your own ASIC or use raw chips from somebody else which you could buy in bulk. The retail units most people see for sale are losing propositions.

[mikerbiker6]

buy and hodl!

[navigator]

Unless your thinking about throwing the equivalent of 6 figures at mining equipment and are able to secure some sort of sweet deal you will more likely than not end up with less than you started with by the time your rigs are consuming more power than they are generating in coin.  <---any non pre-order will basically hit this point within a month or two at the latest.

That's not true at all. Someone with cheap power at home will break even much faster than a large mining farm.

A large farm has to worry about a/c, power distribution, and all sorts of overhead. Someone that is mining at home can have a small to medium setup with no extras at all. Sometimes the large farms let miners sit around because they take so long to setup. Someone smaller will be up and running in no time.

[ALToids]

Unless your thinking about throwing the equivalent of 6 figures at mining equipment and are able to secure some sort of sweet deal you will more likely than not end up with less than you started with by the time your rigs are consuming more power than they are generating in coin.  <---any non pre-order will basically hit this point within a month or two at the latest.

That's not true at all. Someone with cheap power at home will break even much faster than a large mining farm.

A large farm has to worry about a/c, power distribution, and all sorts of overhead. Someone that is mining at home can have a small to medium setup with no extras at all. Sometimes the large farms let miners sit around because they take so long to setup. Someone smaller will be up and running in no time.

You've been here for 3 years and I find it odd you would believe that assessment.  I doubt anybody setting up a farm more than 0.1% of the network is mining with electricity at more than $0.10.  They probably also have more infrastructure and space to begin with.  True a home user mining with just 1 unit doesn't need to worry about heat but their overhead will probably be higher (plus they probably paid more than somebody buying 1k Neptunes for example).