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Topic: New startup with 250k, what should I invest in? - page 2. (Read 2189 times)

legendary
Activity: 1820
Merit: 1001
250k start-up and asking for advise lol.  1 Post and no doubt never to return or even read maybe read as guest. If you got that much I would just buy crypto save for the future and not bother to waste time on mining. Just learn how to trade crypto or get someone or some people and a team to trade active and make a business out of it trading daily and making a good income and future from it.

I would totally bother mining with a 250k Startup, but you're right, i don't think OP is serious at all and replying here is not for OP, but for whoever comes by here looking for some ideas. Best wait for someone serious, with some real questions.

Indeed. Even mining with that start up is going to just lead to massive problems. I was tempted a few times and still tempted at making own mining farm but one thing always find is cost ratio of equipment energy used and cost per kwh in UK and it only seems to make maybe 10% profit if that and then it is a massive risk with buying equipment. If I had 1 cheap energy in uk 2 cheap enough equipment and 3 all being cost effective id be still in the mining game today. However with the next halving in June/July next year is going to be bare impossible to make any profit on mining at current hardware cost and BTC price. I will stick to good old trading buying low selling high, trade among many exchanges and alt crypto and gain that way.
legendary
Activity: 1302
Merit: 1068
250k start-up and asking for advise lol.  1 Post and no doubt never to return or even read maybe read as guest. If you got that much I would just buy crypto save for the future and not bother to waste time on mining. Just learn how to trade crypto or get someone or some people and a team to trade active and make a business out of it trading daily and making a good income and future from it.

I would totally bother mining with a 250k Startup, but you're right, i don't think OP is serious at all and replying here is not for OP, but for whoever comes by here looking for some ideas. Best wait for someone serious, with some real questions.
legendary
Activity: 1820
Merit: 1001
250k start-up and asking for advise lol.  1 Post and no doubt never to return or even read maybe read as guest. If you got that much I would just buy crypto save for the future and not bother to waste time on mining. Just learn how to trade crypto or get someone or some people and a team to trade active and make a business out of it trading daily and making a good income and future from it.
legendary
Activity: 1456
Merit: 1000
Depends on your electricity rate, if you already have a datacenter-like setup to place the miners in, etc. Maybe give us more details on your situation?

You can't buy knowledge. Spend a few dozen hours educating yourself before you proceed with your venture.

I'd sell my knowledge Tongue Consultants and specialists get paid for it all the time. Of course, this is a lot of money to entrust into some dude on the internet.

Trust me it never works out.  I have had 3-4 of these start ups that come to me though PM and ask about a start-up and want info.  Almost all it is not cash they have but cash they are asking if they had.

The first one I thought what do I have to lose? Anwser is time... so many questions and in the end no pay as it stay's in planning.   The other ones I have gauged seriousness and they just were not even up to par.

I suggest anyone thinking this is a great idea to advise... skip it unless they are paying up front.   And honestly it's better they research it on their on as they will learn so much more then giving certain answers.  Being a knowledgeable investor is important

Fair enough, back to replying to forum to these questions as time allow. I do have people that PM me often and ask me tons of question. I do reply and i don't mind too much because of my free time but yeah. I don't really get anything tangible out of it.

I do to I enjoy helping people.  I do lot's of posts on here to help with mining issues and I love tinkering so I have done 1 on 1 many times on help over the years. Teamveiwer is a great tool for someone who has never mined.

But helping someone like that vs someone who say's they are going to be a quarter of a million dollar company is huge difference.  You can try it once they will  want skype and you are talking about many hours in first day and following day's depend.   

Of the around 4 I have talked to they just were not serious enough, it was more "what if I invest".  Only 1 did I really go a decent amount of time that was all wasted.  I suggest you try it once and you will come to same conclusion I'm betting.

Or you might ask for payment before talking to them, and would get something.  I just hated to ask for payment when I don't know if i can help with all aspects, so I didnt make payment up front.
legendary
Activity: 3248
Merit: 1070
i would buy bitcoin direclty, much easy at this point, wasting time on a thing that is going to be less and less profitable because the diff is skyrocketing apparently, due to the price

maybe if you really want to invest in mining wait even more so the price of the asic will be even cheapr and the risk far less, because even if the roi remain the same you spent a much lower amount for the same hashpower
legendary
Activity: 1302
Merit: 1068
Depends on your electricity rate, if you already have a datacenter-like setup to place the miners in, etc. Maybe give us more details on your situation?

You can't buy knowledge. Spend a few dozen hours educating yourself before you proceed with your venture.

I'd sell my knowledge Tongue Consultants and specialists get paid for it all the time. Of course, this is a lot of money to entrust into some dude on the internet.

Trust me it never works out.  I have had 3-4 of these start ups that come to me though PM and ask about a start-up and want info.  Almost all it is not cash they have but cash they are asking if they had.

The first one I thought what do I have to lose? Anwser is time... so many questions and in the end no pay as it stay's in planning.   The other ones I have gauged seriousness and they just were not even up to par.

I suggest anyone thinking this is a great idea to advise... skip it unless they are paying up front.   And honestly it's better they research it on their on as they will learn so much more then giving certain answers.  Being a knowledgeable investor is important

Fair enough, back to replying to forum to these questions as time allow. I do have people that PM me often and ask me tons of question. I do reply and i don't mind too much because of my free time but yeah. I don't really get anything tangible out of it.
legendary
Activity: 3808
Merit: 1723
If you got 250K buy some oil patch contracts instead. You will have a greater chance of making money then in mining at the moment.
legendary
Activity: 1456
Merit: 1000
Depends on your electricity rate, if you already have a datacenter-like setup to place the miners in, etc. Maybe give us more details on your situation?

You can't buy knowledge. Spend a few dozen hours educating yourself before you proceed with your venture.

I'd sell my knowledge Tongue Consultants and specialists get paid for it all the time. Of course, this is a lot of money to entrust into some dude on the internet.

Trust me it never works out.  I have had 3-4 of these start ups that come to me though PM and ask about a start-up and want info.  Almost all it is not cash they have but cash they are asking if they had.

The first one I thought what do I have to lose? Anwser is time... so many questions and in the end no pay as it stay's in planning.   The other ones I have gauged seriousness and they just were not even up to par.

I suggest anyone thinking this is a great idea to advise... skip it unless they are paying up front.   And honestly it's better they research it on their on as they will learn so much more then giving certain answers.  Being a knowledgeable investor is important
full member
Activity: 144
Merit: 102
You can pay me and I will teach you.
legendary
Activity: 1540
Merit: 1003
You should invest in people, in project manager, maybe running a startup competition and fund the best one, this is a good idea too.
legendary
Activity: 1302
Merit: 1068
Depends on your electricity rate, if you already have a datacenter-like setup to place the miners in, etc. Maybe give us more details on your situation?

You can't buy knowledge. Spend a few dozen hours educating yourself before you proceed with your venture.

I'd sell my knowledge Tongue Consultants and specialists get paid for it all the time. Of course, this is a lot of money to entrust into some dude on the internet.
legendary
Activity: 1596
Merit: 1000
You can't buy knowledge. Spend a few dozen hours educating yourself before you proceed with your venture.
newbie
Activity: 1
Merit: 0
Hello,
    I have acquired over 250k to the project and am stumped on which miners to purchase and the space to put them in. I fully understand the heating issues, and space is not an issue, but any type of advice is quite appreciated.
      Cheers
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