Topic: Bitcoin Mining Feasibility Study. (Read 694 times)

I've recently found out about Bitcoin and i've been trying to decide if Minning is worth it or not!

Now from numerous posts i've been reading, the difficulty level of mining will just keep on increasing, and many people are saying mining isnt worth it, unless its on a big scale, the question is How big of a scale?

So if i'm planning on starting a Mining operation, What would be the bare minimum?

I've got $25,000 Starting capital and my country ( Saudi Arabia ) has optimal conditions for Mining, A kilowatt of electricity would cost 1 Cent, Storage Facilities are cheap and Internet is not an issue.

i'm trying to redefine my family's business which is a telecommunication company, that isn't what it used to be.

So my questions to the Bitcointalk community would be.

Does it matter how fast my internet connection is? or is it just that it is stable?

What rig Should i end up getting if at all to be profitable?

Would a greater capital investment be needed to make it profitable?

I've been looking at all the retailers that are selling and I'm questioning if it would just be best to go to china and get your own ASIC chips, since price jumps are ridiculous,

I Have to state that i do not wish to buy bit coins, i'd rather generate bit coins

As some old  Chinese proverb says.. : give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime

I'm honestly looking for some guidance !