Hopefully starting up, have questions about hardware.

[HopefulMiner]

Hello all, so I've created an account and ended my bitcointalk surfing. Anyways, my father is interested in mining from a investment standpoint. I will post in "Mining Speculation" about the ROI and profitability in our new side project so keep your comments hardware based please.

We are doing our research but I have always found the best answers are from those with the most experience. We want to create a revenue stream from mining with an initial investment of $30,000 USD. The parts need to be able to scale to a higher mining capacity once things start up and running with success. Of course, we need to be realistic here and make sure this will be worth our while.

I'd love to hear your perspective on the situation and any advice on different hardware we can use.

Thanks,
Alex

[RoadStress]

6xSP30 miners will give you 36Th/s and will require only 16.2kW of power, but don't take for granted what I say. Have it as a starting point. Do your own research first.

[jonnybravo0311]

Hello all, so I've created an account and ended my bitcointalk surfing. Anyways, my father is interested in mining from a investment standpoint. I will post in "Mining Speculation" about the ROI and profitability in our new side project so keep your comments hardware based please.

We are doing our research but I have always found the best answers are from those with the most experience. We want to create a revenue stream from mining with an initial investment of $30,000 USD. The parts need to be able to scale to a higher mining capacity once things start up and running with success. Of course, we need to be realistic here and make sure this will be worth our while.

I'd love to hear your perspective on the situation and any advice on different hardware we can use.

Thanks,
Alex

In addition to hardware, you need to think about power and cooling needs.  As RoadStress points out, ordering 6 of the SP30s will get you 36TH/s, but that burns your entire budget on hardware alone.

Are you looking to start immediately, or at some point in the future?  This will determine what hardware you have available to you.

[HopefulMiner]

In a few months, once all of the planning is done and we're aimed and ready to fire at some alt coins.

[jonnybravo0311]

In a few months, once all of the planning is done and we're aimed and ready to fire at some alt coins.

Oh... alt coins.  Are you planning to stick to a particular algorithm (SHA-256, scrypt, X11, etc) or to mix and match?  Currently (and for the foreseeable future) only SHA-256 and scrypt algorithms have dedicated purpose-built hardware for mining.

[railzand]

Of course, we need to be realistic here and make sure this will be worth our while.

It won't.

[markj113]

why not spread the cash,

buy some btc and hold and buy some miners.

best of both worlds.

Make sure you got those coins stashed safely in cold storage too

[philipma1957]

Hello all, so I've created an account and ended my bitcointalk surfing. Anyways, my father is interested in mining from a investment standpoint. I will post in "Mining Speculation" about the ROI and profitability in our new side project so keep your comments hardware based please.

We are doing our research but I have always found the best answers are from those with the most experience. We want to create a revenue stream from mining with an initial investment of $30,000 USD. The parts need to be able to scale to a higher mining capacity once things start up and running with success. Of course, we need to be realistic here and make sure this will be worth our while.

I'd love to hear your perspective on the situation and any advice on different hardware we can use.

Thanks,
Alex

First question  what is your power price?
Second question what is your power capability?
Third question is what type of place will you do your mining in?

[iglasses]

The parts need to be able to scale to a higher mining capacity once things start up and running with success.

Nope nope nope nope nope nope.

[HopefulMiner]

First question  what is your power price?
Second question what is your power capability?
Third question is what type of place will you do your mining in?
[/quote]

1) $7.00 fee + First 800 kWh of 2.258 cents per kWh, After 800 kWh 1.258 cents per kWh
2) Unsure
3) If it was large enough, starting a server farm in a new complex although initially in our home. We have 3 floors and the top floor is unused so we won't have that noise issue.

[Flying Hellfish]

If profit is your only motivation I can't understand why anyone would buy hardware for XBTC (or equivalent fiat) when in all likely hood the hardware will produce less than XBTC in it useful lifetime.

Since ASIC mining hit the scene there have been no miners (except an extremely small handful of units) sold in a retail capacity that have mined more BTC then they cost (or could have been bought with the fiat used for the hardware purchase).

Buy and hold, so much less risk and much more reward should BTC price rise.  Less risk more reward, that's an investors dream sentence...

[NorTiaN]

Of course, we need to be realistic here and make sure this will be worth our while.

It won't.

+1