150k USD startup budget. Help needed! - page 3.

k9quaint

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Quote from: Rora on June 23, 2013, 10:35:45 AM

Please dont mistake this thread for ignorance on how this community works in terms of pre-orders. This isn't to say that some of the operations in play are not legit. But I will certainly not line the pockets of anyone until such time they have a proven working model in hand. This is just for a startup mining operation. If it is successful I will be ramping up to a much larger scale. I need to validate the project first before going forward. Waiting for sept/oct may prove to be a far better idea. But will 150k still yield any profits with the difficulty at that time?

If no profits can be had after September due to difficulty, you are better off not starting the operation until that changes.

Rora

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Again, I really appreciate the input.

Rora

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Activity: 244

Merit: 250

Please dont mistake this thread for ignorance on how this community works in terms of pre-orders. This isn't to say that some of the operations in play are not legit. But I will certainly not line the pockets of anyone until such time they have a proven working model in hand. This is just for a startup mining operation. If it is successful I will be ramping up to a much larger scale. I need to validate the project first before going forward. Waiting for sept/oct may prove to be a far better idea. But will 150k still yield any profits with the difficulty at that time?

Franktank

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Quote from: Rora on June 23, 2013, 10:10:05 AM

Hi guys!

I am currently in the process of planning a bitcoin mining operation. I have a start-up budget of roughly 150k USD. What do you recommend? Im not going with ANY pre-order start-up company as until such time that they prove to distribute product, Im not interested in sinking FIAT into any non established operation.

Essentially If you had 150k to spend on bitcoin machines what would you do?

Thanks.

Hold, anyone PM'ing you about making "tons of BTC" or "doubling your investment" are trying to weasel you out of your money.

Bitcoinorama

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Quote from: jspielberg on June 23, 2013, 10:22:11 AM

Unfortunately, the model that has been put forward by BFL (i.e. pre-orders paid in full) seem to be the modus operandi for mining hardware manufacturers.
If you wait until its safe, other more reckless than you will be taking risks... Some of them will get burned and some will be "modestly" rewarded.

I think probably the safest approach would be to hold and invest in the upcoming mining operators like 100TH or BTCGarden. There will at least be a market for these shares so you can liquidate if needed.

And well it has to be if you develop customer ASICs and don't have millions to hand!

Bitcoinorama

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I back up Cedivad's statement, and hopefully in enough time before the shark's circling you start to mass PM you!

Stay well clear until you have researched the area thoroughly and have seen how September/October pans out. Unless you can get tied to a real engineering firm, forget it, completely. 150k is a lot of money, but not a lot in ASIC development, and almost certainly futile in the current ASIC development race.

It may give you a fighting chance as a reseller, or a hosting investment op, once a benchmark is in place for Bitcoin ASIC tech.

Not now. At all. You will get burned!

jspielberg

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Unfortunately, the model that has been put forward by BFL (i.e. pre-orders paid in full) seem to be the modus operandi for mining hardware manufacturers.
If you wait until its safe, other more reckless than you will be taking risks... Some of them will get burned and some will be "modestly" rewarded.

I think probably the safest approach would be to hold and invest in the upcoming mining operators like 100TH or BTCGarden. There will at least be a market for these shares so you can liquidate if needed.

Rora

sr. member

Activity: 244

Merit: 250

I really appreciate the input. When can we expect most of the setups to be yielding products and will the difficulty at that point be too high to make the money back?

cedivad

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Quote from: Rora on June 23, 2013, 10:10:05 AM

Essentially If you had 150k to spend on bitcoin machines what would you do?

I would wait.
(i'm extremely serious).

Rora

sr. member

Activity: 244

Merit: 250

Hi guys!

I am currently in the process of planning a bitcoin mining operation. I have a start-up budget of roughly 150k USD. What do you recommend? Im not going with ANY pre-order start-up company as until such time that they prove to distribute product, Im not interested in sinking FIAT into any non established operation.

Essentially If you had 150k to spend on bitcoin machines what would you do?

Thanks.

Topic: 150k USD startup budget. Help needed! - page 3. (Read 3761 times)