USD $20k to start mining | Bitcointalksearch.org

marcuslong

legendary

Activity: 1036

Merit: 1002

Quote from: angusmoo888 on September 05, 2016, 01:27:07 AM

Hello,

New here.

What do you recommend to start mining with USD $20,000 to begin.

I am based in Malaysia and electricity tariff is currently at $0.09/kwh.

how many miners can I set up with this?

antminer s9 are out of stock currently?

Where can I source for cheap machines?

thank you!

If you're not sure with your doing then it much more better if you dont use mining hardware so far there are lots of hardware mining that can't profitable even you have very cheap electricity built a miner is not a like a puzzle its more like on robot.

Latviand

full member

Activity: 1540

Merit: 219

Quote from: eaLiTy on September 17, 2016, 09:17:12 AM

if you are planning to invest in mining i would suggest to mine alt coins or simply start purchasing coins,if i am in this situation,i would watch the market and start purchasing the coins when i think is reasonable.Find a good exchange of your choice and you can multiply your coins trading coins too. if you still want to invest in mining rigs and to aquire cheap machines you have to strike a deal with bitmain,only for bulk orders they will be giving discounts. best wishes for your adventures

Altcoin is much more profitable. If you do not want to mine it anymore, you can sell the graphics cards.

cccp

newbie

Activity: 49

Merit: 0

Quote from: leowonderful on September 27, 2016, 09:11:33 PM

Quote from: cccp on September 27, 2016, 02:07:24 PM

~
$0.04/kWH
Hosting\colocation
My profile have a link.

Best regads
~

I don't exactly support self advertising, but I definitely have a few questions- for example, you have no escrow or trust established on your new account, and even though you could have the advertised 0.04$/kwh, I really don't think anybody trust you with their miners; seems like a very easy way to scam people. Unless you come up with either of the two, I don't see you getting many customers.

I'm sorry for self advertising. Feel welcome to my thread.

leowonderful

legendary

Activity: 1624

Merit: 1129

Bitcoin FTW!

Quote from: cccp on September 27, 2016, 02:07:24 PM

~
$0.04/kWH
Hosting\colocation
My profile have a link.

Best regads
~

I don't exactly support self advertising, but I definitely have a few questions- for example, you have no escrow or trust established on your new account, and even though you could have the advertised 0.04$/kwh, I really don't think anybody trust you with their miners; seems like a very easy way to scam people. Unless you come up with either of the two, I don't see you getting many customers.

cccp

newbie

Activity: 49

Merit: 0

~
$0.04/kWH
Hosting\colocation
My profile have a link.

Best regads
~

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

if you are planning to invest in mining i would suggest to mine alt coins or simply start purchasing coins,if i am in this situation,i would watch the market and start purchasing the coins when i think is reasonable.Find a good exchange of your choice and you can multiply your coins trading coins too. if you still want to invest in mining rigs and to aquire cheap machines you have to strike a deal with bitmain,only for bulk orders they will be giving discounts. best wishes for your adventures

Kevin77

legendary

Activity: 1652

Merit: 1057

9 cents per kilowatt is too high to start mining competitively, for one. You'll want electricity below 6 or 5 cents to be at your best.
ETH is one of the best coins to mine as of now, and it's pretty profitable as well. If you're not interested in altcoin mining, I'd suggest trading, there's not much more you can really do at this point besides the S9.

Pattberry

sr. member

Activity: 448

Merit: 250

Quote from: angusmoo888 on September 09, 2016, 08:33:12 AM

very helpful, thanks Grin

I would suggest you to take a look at the crypto currencies out there and take a decision to mine some valuable crypto currencies and then convert it to bitcoin,that is the easiest way in my opinion,Try ETH,XMR mining, these are just my suggestions,you can search for a profitable coin and start mining,the difficulty to mine bitcoin is really high so is the reason i am suggesting this.

angusmoo888

newbie

Activity: 20

Merit: 0

very helpful, thanks Grin

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

at 9 us cents per kwatt you should not mine only BTC with asic gear.

You should consider mining ETH coin and XMR coin with pc's and gpu's

I would look for only 1 S-9 as a starter
I would build 1 pc with some gpu's

A three card build is about

2 x 200 = 400 for gpu's
1 x 210 = 210

total of 610

https://www.amazon.com/XFX-backplate-Displayport-Graphics-RX-470P4SFD5/dp/B01JM2DF2G/ref=sr_1_3?

https://www.amazon.com/XFX-1226MHz-Detachable-Graphics-RX-470P4LFB6/dp/B01JHQXGEE/ref=sr_1_1?

cpu for 60

https://www.amazon.com/Intel-BX80662G4400-Pentium-Processor-FCLGA1151/dp/B015VPX05A/ref=sr_1_1?

135 for mobo

https://www.amazon.com/Gigabyte-LGA1151-Intel-Motherboards-GA-Z170X-Gaming/dp/B012N6E996/ref=sr_1_sc_1?

ram 40
https://www.amazon.com/Kingston-2133MHz-Non-ECC-Desktop-HX421C14FB/dp/B00TY6A56U/ref=sr_1_4?
ssd 43
https://www.amazon.com/MyDigitalSSD-Super-Drive-128GB-120GB/dp/B00KBZH72I/ref=sr_1_5?

so 880 plus a psu gives you 66 to 70 mh to mine eth coin----- power cost 450 watts maybe 480 watts

while 1500 plus a psu gives you 13th to mine btc ----- power cost 1300 watts

so for 2400 US dollars plus power supplies you get two good rigs and you can compare them by running the two of them.

you may be like me after testing I now have 5 S-9's and 22 gpus in 8 pc's

net cost say 15k

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: angusmoo888 on September 05, 2016, 01:27:07 AM

Hello,

New here.

What do you recommend to start mining with USD $20,000 to begin.

I am based in Malaysia and electricity tariff is currently at $0.09/kwh.

how many miners can I set up with this?

antminer s9 are out of stock currently?

Where can I source for cheap machines?

thank you!

My advice is start off slow and build up vs throwing 20k in all at once. If mining is $0.09/kwh you might look into hosting center's as they have info structure already set up. And they have cooling already setup in these hosting center's.

I guess it could vary depending on your local weather if Wikipedia is close with a yearly average of "(80.6 °F)." I would think you would have some cooling you will need to do which is more money. Keep in mind with 20k you would need to set up electrical, cooling, network, PSU's, etc. It can add up so not all your money goes into buying miners if your wanting to mine in your own mining area. So we really cannot say how many miner's you would be able to buy with budget. Also we don't know how many your electrical can handle which is big.

As far as "cheap machines" normally they are not the newest gen, but if your electrical cost is right for any chance you need to get current gen. So your options would best be waiting till in stock and order S9 or R4.

That is my 2 cent's above. But start small and then grow or look into hosing are your best bet's I think.

Biodom

legendary

Activity: 3738

Merit: 3848

Your electricity price is a bit too high. Can you get 5-6c?
Re $20K. It depends what kind of a place you have for miners.
If at home, I would get one S7 off ebay for starters and see how noisy it is (tolerable or not tolerable for you)-only need to spend $320-370.
If this test is passed positively, then I would invest 15K in crypto itself at 4:1 ratio (btc to eth), then spend the rest (5K) by buying three S9 (about 4 kw, 35Th/s (for 11.85 ones), currently producing about $24/day and using about $8.4 in electricity) and five RX 480 GPUs (for ethereum)-nice rig of about 150mh/s, producing $11/day and using $1.8 of electricity a day.

See what you like afterwards and if you do, redeploy some of the capital from crypto itself to mining.

EDIT: is it really $0.09/kwh (9c) or 0.009/kwh (0.9c)?
I thought that electricity cost is low there.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: angusmoo888 on September 05, 2016, 01:27:07 AM

Hello,

New here.

What do you recommend to start mining with USD $20,000 to begin.

I am based in Malaysia and electricity tariff is currently at $0.09/kwh.

how many miners can I set up with this?

antminer s9 are out of stock currently?

Where can I source for cheap machines?

thank you!

S9 are out of stock.
Source for cheap machine? lol
Discounted pricing with Bitmain starts above your initial outlay: 50-199 units of the new R4 (@ $1395USD ea) will get you a measly 0.5% discount

You're looking at 333 days at the current bitcoin difficulty and value to break even on an Antminer R4 provided you already have a power supply.
Don't do it. Just buy some coin.

angusmoo888

newbie

Activity: 20

Merit: 0

Hello,

New here.

What do you recommend to start mining with USD $20,000 to begin.

I am based in Malaysia and electricity tariff is currently at $0.09/kwh.

how many miners can I set up with this?

antminer s9 are out of stock currently?

Where can I source for cheap machines?

thank you!

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