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July 18, 2014, 08:59:15 AM |
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Electricity is not really a major issue even to this day although it is becoming more important.
The number one cost in mining is still the hardware. 20K would only buy you 20TH/s currently assuming you already has the space, power, and cooling. You would most likely lose money.
Unless you can compete with the manufacturer's farms, you probably can't make a profit. That means you would need to be spending in the 7 digit range, like 1,000,000+ USD to compete for profit reliably.
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