How do you make those 2 millions? I don't think you make it, maybe your parents...
None invest 2 million in a thing that dont know nothing about it...
You look like a troll, if not, try to contact big farmers and talk with those people, or at least read more about mining.
Topic: Investing my $2,000,000 Into bitcoin (advice me) - page 3. (Read 3614 times)
Forget mining, buy BTC and forget about five years.The brief of wealth 
We'll see how good your prediction is: $ 2,000,000 USD buys a cool BTC 3,351 right at the moment, so we'll see how they improve over time shall we?
BTW, how does the BitCoin economy improve if no one is mining to keep the block chain transactions ticking over?
Forget mining, buy BTC and forget about five years.The brief of wealth
What I think you can do is to buy your own BTC Miner and you can pay people in Bitcoin to have tasks completed for you .
This way you can start your own business .
This way you can start your own business .
A big nope for bitcoin mining setup. I am afraid you are too late to setup a mining farm from scratch. Not profitable with that less amount.
Just invest in something more real. just fund some good business startup which would have a better rate of return and faster break even.
Just invest in something more real. just fund some good business startup which would have a better rate of return and faster break even.
It's not a big nope by default... if you can find profit then it's never too late. Im sure in china, a 2 million mining cave would be profitable, of course, in US or Europe, have fun trying to pay the electricity bills.
I would still say no because of the reason that profit is not same or even increasing it will always be decreasing since the price is not spiking as difficulty of the block. U getting my point here?
If you really want to make your money to profitable business mining bitcoin i think still profitable i you had that amount of bitcoin you can build your own mining farm with solar or other source that you can buy fee electricity.. it can be profitable and earn a lots every month..
I do encourage investing sums into BTC, but not into mining 1)at this current time 2)by someone that is unskilled to BTC, I am surprised someone is making such investment at something they just known about, IMO it would be better to spend a fraction of that sum in buying BTC's and holding them.
Although this is a great idea, this is not something that can be done by an amateur, I would highly suggest speaking directly with several mining companies as well as reading as much as you can from the mining pages in this forum.
I don't know if it is a smart thing to invest that kind of sum of USD in mining in particular, Mining is decreasing in profitability overtime and with the increasing overall difficulty some hardware can lose plenty of value in short duration of time, including electricity costs etc.. most of those still making profit are big companies or getting free electricity or similar conditions IMO.
A big nope for bitcoin mining setup. I am afraid you are too late to setup a mining farm from scratch. Not profitable with that less amount.
Just invest in something more real. just fund some good business startup which would have a better rate of return and faster break even.
Just invest in something more real. just fund some good business startup which would have a better rate of return and faster break even.
It's not a big nope by default... if you can find profit then it's never too late. Im sure in china, a 2 million mining cave would be profitable, of course, in US or Europe, have fun trying to pay the electricity bills.
A big nope for bitcoin mining setup. I am afraid you are too late to setup a mining farm from scratch. Not profitable with that less amount.
Just invest in something more real. just fund some good business startup which would have a better rate of return and faster break even.
Just invest in something more real. just fund some good business startup which would have a better rate of return and faster break even.
Two millions is serious amount, instead of asking for free advice here, better pay someone for that. 1000 $ for good advice is nothing here, you risking much more then that, and your profit can be very big. So don`t be cheap ass, pay for advice, and look at that like on investment. Its better to find more people and pay them, and then decide what is good for you to do next. Investing in security is always a good idea, also why mining with 2 millions? There is also good money in online casinos, or other services, maybe you can think about buying a lot of coins, something put away in cold storage, and with other part invest in creating some profitable site.
Reading all the comments here was really funny. No one would earn or acquire that huge amount of money to ask people here where and how to invest it. Your friend have earned that amount and do not know how to manage it? I do not believe you just like everyone here in the thread.
Is this for real? So if you want to invest your 2 million dollars in bitcoin then I guess you can have some partnership with big bitcoin companies. Why not have a partnership with coinbase or blockchain.info or even xapo for sure they are going to have a good improvement if you are going to invest that for real. And you are secured already with your investment because they are already well known companies.
Sure you are right...truly agree with you..
There are other alternatives. There are many staking coins, very quick math shows a small $17,000 per year interest gain using simple monthly compound interest, which is not the same, but the coin should gain at least that much is the value holds.
Very funny!But I think OP can distinguish monopoly money from real money. He is either trying to make up his post count, or speculating on how he would spend the money if he actually had it.
Can someone tell him that those millions of $ from monopoly are worthless in real world 
A friend of my i introduced BTCbitcoin to in 2014 now want to invest $2,000,000 into bitcoin mining and his is asking me is bitcoin mining is still profitable?
Let's all take a moment to imagine that OP's friend invested that $2,000,000 into Bitcoin when he introduced Bitcoin to him in 2014. He could've earned another million dollars or maybe more by now.I guess Bitcoin mining is still profitable with that large amount of money if you're able to get the mining rigs for a cheap amount. I would suggest that you put your mining rigs in a country wherein it's always cold so keeping the temperature of the rigs wouldn't be another thing to spend your money with.
Nevertheless, how did your friend got his $2M? Why don't he just keep doing what he's already doing. You and your friend seems to have no idea about Bitcoin mining, after all.
Is this for real? So if you want to invest your 2 million dollars in bitcoin then I guess you can have some partnership with big bitcoin companies. Why not have a partnership with coinbase or blockchain.info or even xapo for sure they are going to have a good improvement if you are going to invest that for real. And you are secured already with your investment because they are already well known companies.
I do think that that is a bit much for you to invest in Bitcoin I think that you should start with less money to just try it out and get the feel and hang of it. It would be not be a good idea to just spend 2 million on Bitcoin.
A friend of my i introduced BTCbitcoin to in 2014 now want to invest $2,000,000 into bitcoin mining and his is asking me is bitcoin mining is still profitable?
I have drafted out my own list but i want advice from you all
This are some question he still asked me..
How much can he make from mining?
and what are the list of equipment we need to buy with the $2,000,000 for us to start mining?
What will be the monthly revenue?
What will be the yearly revenue?
Cost of maintenance?
TOTAL COST OF ELECTRICITY MONTHLY FOR ANY COMPANY OR INDUSTRY IN MY COUNTRY IS $4000
(electricity is cheap here)
Land (Space) have been bought by him
Honestly I wont suggest anyone to invest that much amount in any bitcoin related business.If he wants to invest in crypto,advice him to invest in various projects.The wise thing would be for him to invest just $10k and make it $2 millionI have drafted out my own list but i want advice from you all
This are some question he still asked me..
How much can he make from mining?
and what are the list of equipment we need to buy with the $2,000,000 for us to start mining?
What will be the monthly revenue?
What will be the yearly revenue?
Cost of maintenance?
TOTAL COST OF ELECTRICITY MONTHLY FOR ANY COMPANY OR INDUSTRY IN MY COUNTRY IS $4000
(electricity is cheap here)
Land (Space) have been bought by him
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