Topic: Advice needed: 80k USD mining adventure - page 4. (Read 2394 times)

I'd offer buying second hand 1080ti GPU rigs for 400-450$ per GPU for half of the investment.
For second half.... take them to cryptoexchanges and take the wild buy/sell ride.
Well, You asked for adventure. 

1. I'd recommend to stay away from ASICs completely and here is why: https://1stminingrig.com/asic-vs-gpu-mining-profitability-in-bear-markets/

2. If you want a mining farm for long term you should go with GPU or wait for more data about FPGAs.

3. You can also try to split your investment 50% mining hardware (currently prices for gpus went down a lot) / 50% coin acquisition (because market is very low), or 75%/25%, your choice!

you should also do a research about masternodes

My best advice here is to stay away from ASICs, and if you really want to try to see how it goes then do not invest more than 10%.

But what about this?:

---

If you're going for ASICs, do not buy multiple brands and models, research for the one that has the highest profitability but not the ones that targets any "CPU-mining" & newly developed (including suspicious) algorithms .

The advantages of that are easier maintenance and "more efficient mining" of the coin of your choice.
That way, it will be easier to reach the capital return and even ROI in a shorter period of time, the other way around IMO have more disadvantages.
But if you want to expand and add diversity, your original plan (Add GPU Miners) can still be applied.

Today's a risky season for miners, it's up to you.

Yea, you should invest all your money on mining equipment because it's very profitable now and the difficulty is very low , it's a good time to jump in , i just gave you what you want to hear , go a head do what you want to do don't ask here because ppl here will say the truth not the lies you would like to hear.
I see ppl like you losing money everyday because they just want to do what they want to do without listening even if they pretend they are listening
Good luck

You were lucky, you got the fund and had cheap electricity cost, even while people say that's mean nothing, but at least you have it. Between buy the coins directly and buy mining stuff, both have their own risk. You were doing the right thing with splitting the fund (Don't Put All your Eggs in One Basket). As above said, you need to concern on capital recovery as your priority.
 

Then about the mining tools that on your plan, I have no idea about it, since my last ASICs was on the museum four years ago. 


But, if you are talking about GPUs, I on it currently.
I'm also a GPUs miner (home miner), my electricity cost is three times of yours. My daily profit, opps..seems like will be better to say, my average monthly profits are 200% of the electricity + operational cost (not bad  ). So, when I need to pay the electricity+operational cost for $1, I still keep $2 as my profits (nowadays). I can add some SC of my current mining process, but that's not good for me. 

yes for now (Z9) but every bitmain product doesn't have long-term mining, they only offer low power consumption then you wait 5 months later, then their product will only be used as a display.

Yeh personally Id never buy another asic from bitmain at least,
but right now the z9 is the only one worth buying

Whatever you choose to buy from ASIC equipment you should make sure that you return the major part of your investment in the first 6 month or so. ASIC are known to quickly lose from their profitability, so the point is to buy new hardware that will pay off quickly.

Fpgas are too new to risk your money on.  Right now
if i was starting a farm it would be z9s , and then half into crypto
40k of z9s 40k crypto

I say go 50/50

40k buy coins and 40k mining rigs. That's taking a middle path. If we dump more your glad you spent the money on rigs. If we go up higher your glad you bought coins.

The bear trend reversal has not been confirmed yet. Still in a bear market.

Most of them are blind cause they think their cheap power will save them from themselves, they cant accept the truth that buying coins and wait is better, his 80k usd could become 400k in few months, if he buys mining equipment he will never get even 100% in a year even if coins they are mining increase a lot.

If i were you, i'd hold back a little and buy FPGAs, they are currently crazy expensive (3.5k i think) but they have good density ($/W and $/space).

They currently work well on very few algorithms but the software should be coming soon, research the idea further.

Probably not the advice you want to hear but you should just buy some Bitcoins directly along with some promising alts like LTC, ETH, XMR, XRP, etc.

Because there is a crazy surplus of miners out there, even with these low prices the difficulties are still sky-rocketing and even with your cheap power, eventually you will be reaching break-even point levels.

Hello dear fellow miners!

Disclaimer: This post does not belong completely in The Altcoin nor in the BTC mining sub forum, if you are a moderator, feel free to move the thread as you feel appropriate.

I have been small home GPU-miner since the beginning of the year, and have spend hundreds and hundreds of hours on research. Unfortunately I dont really have anyone to spar with. I am hoping some of the pros here on bitcointalk might help point me in the right direction.

The situation:
I recently recieved a 80k USD investment to expand my small home mining farm operation. While i might use some of the cash on investment in cryptos the majority is expected to go into mining. Please keep this in mind before you type BUY BTC. 

I have a cheap (300 usd/month) facility with up 300 amps at 220v. I pay around 0.055 usd/kwh).

I am almost done setting up the place with airflow, security, network and the works.

Initially I was planning on a 50/50 GPU/ASIC split, but as the marked looks a full ASIC focus seems the obvious choice to me.

The problem:

What to buy?
I am thinking I will start off with:

2 x Antminer Z9
1 x Innosilicon A9 (would focus more on these if it wasn't for all the bad things i read about Innosilicon)
1 x Pangolin Whatsminer DCR (november is a long time away though)
5 x Whatsminer M 10.

Which is about 25k USD give or take.

Then hold on to the remainder of the cash for a few months, waiting for new hardware to surface. The Avalon A9 seems as a good option, depending on pricing.

What do you guys think? Any feedback is much appreciated !