Topic: Investing my $2,000,000 Into bitcoin (advice me) - page 2. (Read 3634 times)

Perhaps get behind an ICO or two.  You can drop the funds in btcpop and process loans all day long, there are things that can be done.

You could kill the electricity costs with solar, but you will need a hefty facility and costs will likely be higher than gain.

yep ur math is wrong.

you need to do a 2 week estimate. and then decrease it by 5%-10% to get the following 2 week estimate and repeat that 24 more times.. then add up the 26 fortnight estimates

If no one else  is mining I'll keep it going on a RasPi with a 300MH/s USB device.  

Difficulty drops so a few people solo mining on old hardware would keep it going. BTC does not adjust quickly however. So if 75% of network goes offline in a day blocks will be slow for a couple of weeks.

I have to ask, why are you choosing mining.  There is so much more to get into out there which could make you more money.  All you need to happen when you are mining is for the next big miner to come out and you just dumped $2,000,000 into old technology!  Just saying.

Find other businesses,there are a lot of possibilities but calculate your risk and be careful

Is it serious? You all are telling to him put 2 millions on minning? 

I'll sit here and watch this 

Of course, you will be hard pressed to find too many coins that you can get that much invested in without screwing the market. It will take some thought, but mining is not the way to go I think.

I am not an expert in mining but I seriously think that bitcoin mining is a business now and we should leave it for them who consider it so. Casual mining days are over.
Now, I think there is good scope for bitcoin business because there is a slow awareness of bitcoin in various corners of the world so any business which can facilitate bitcoin with our day to day transaction has a tremendous scope and early adoption is cherry on the top. I would advise you to think on various aspects of investment in bitcoin and not just mining.

$2,000,000 is a big money, you should careful before investing big amount. my suggestion is you can investing for only $500,000-$1,000,000 because we are not know what will happen in future.

with that $500,000-$1,000,000 you can buy hardware s9 like about 5 hardware-10 hardware, and you can build farm mining with using new PC like about 3-5 PC with each motherboard with support 4-6 vga cards to mining eth, and then if there is still money left over, you can buy bitcoin and hold it for half, and for the other half, you can use for trading.

i hope you can get success with your investment.

What will be the monthly revenue?
for 1 s9 a day = 0.285 BTC
monthly = 0.285 BTC x 30 = 8.55 btc
if you have 10 of s9 = 8.55 btc x 10 = 85.5 btc

What will be the yearly revenue?
for yearly = 85.5 btc x 12 = 1026 btc

1026 btc x $650 = $666,900 in one year

Cost of maintenance?
$4000 x 12 month = $48,000

that is just for s9, i am not understand how to calculate for mining etch, maybe its like the same as calculating for bitcoin. you can search in search engine and read more to know the calculate.

i only try to calculate with todays condition, i don't know what will happen in next one year, but with my calculate, you can make your ownself calculating and you can make your decision.

i am sorry if my calculating its wrong because i don't mining with any hardware, its too expensive for me, i only try to make sample for you and i hope you can do the calculation with yourself.

Wow, you must be a rich person. $2,000,000 is really big amount of money for me and you want invest your money into mining. I think it's still worth, but to get ROI is need much time to earn it.

It is just like they are going to make a mining farm that as facility of google like with a good cooling system. But the electricity is going to be his opponent even though he has a big capital for it. Still he needs to think about the cost and profit that he is going to get because if he is not going to do that possible of losing that money is going to be fast.

That's a really huge amount of money to invest on a single type of investment. If I had that amount, I would just buy in tranches rather than go all in one time big time. The price has not been really going up the past weeks and this might be a good time to buy some below the $600 levels.

You havent listed cost of electricity per kw and is those cost are fixed cost for whatever you use than it may be profitable if you can run several new s9 miner with proper cooling facility. And also you should have good security for your mining device as well as backup generator and good high speed internet connection. I think with current difficulty and price of bitcoin buying and storing bitcoin for more than year could be profitable rather than risking in mining.

Wow That is a huge amount. but you must be carefull to choose minning site because there are so many minning site was a scam. I preffer like to do trade to gain my money, with that amount of bitcoin I will easily get enough profit although just sell my coin in a few above of price that I was bought.

BTC Loading, what did you decide? Did you get into the mining situation?

It's an easy business to run but a difficult one to turn a profit on. The key is building enough scale to earn a profit and having the time to wait to realize that profit. All of that takes significant investment - cash, equipment, time. Try to minimize any investment element you can. Minimize electricity costs by setting up your operation in a cold climate, etc.

There are several calculators to help you estimate your ROI and time to reach that return.

I want to know what you decided, update us!

Bitcoin is believed to get more and more widely accepted and this will cause a rise in demand. As for the supply, it is extremely hard to increase the supply that it is not practical for normal computer to do the mining. So that is why a lot of people believe that i n times to come, the bitcoin will rise and you can profit from it.

Stopped reading when I read friend just asked another friend how to invest 2 million. If I am asking anyone that is not a expert how I should invest,then I am asking to be bent over and treated like a atm. If I had 2 million I would be sticking it in real estate,not something that is going to potentially go sour over night.

With such capital i would buy directly the bitcoin over the month, and wait next halving that will happen at 2020, where he can maybe double the investment, better then try build a bitcoin farm at this stage.

If you want to make money, invest all in altcoins and ftw.
You will have at least 10 millions in 2018.
Hire someone with experience to give you tips.