Topic: What hardware to buy with $500K. Can you get 16NM or 20NM ASICs? (Read 2770 times)

You can get 16nm miner or order hosting from here: http://www.yesminers.de/en

It may make more sense to host it at home, but I'd need about 500kW of power....Lol..Not sure what is needed to get that kind of set up, but hey I do have a 4 car garage with no cars it could all fit into.

My calculator @ .10 for power and 1.2PH/s put me at around 9 months, but I wasn't looking at ANT Miner's, but rather a new product that is due out soon. I'd need about 200 of them, and might boost it to 1.8PH/s.

The problem I run into is that's a lot of colocation space. Each server is 2u, 1600W and does 6TH/s. It may make more sense to host it at home, but I'd need about 500kW of power....Lol..Not sure what is needed to get that kind of set up, but hey I do have a 4 car garage with no cars it could all fit into.


I think 9 months is a reasonable return on hardware if I'm between 1.2-1.8PH.

I was thinking about renting some colocation cabinets and estimate a $600+ day power bill. This would probably place my rent in the $25K a month range if I decided to get into the bitcoin business and drop some serious cash on hardware.

If you were to drop $500K in hardware, what would you buy that is available or expected to be available in the next couple of months? I would think the price of bitcoin would need to be about $250 or greater to return a profit, and I believe eventually it'll work its way on up to the 4's and $500 again. But hey that's just me, and lots of folks I've talked to say bitcoin is dead. It's been flat, and growing slower in acceptance this year, but I have hope.

I've read 16NM has been in development and I think 20NM ASICs are available. Can one buy just the chips themselves and have them assembled on a PCB? Essentially, what would be the best bang for the buck to return a profit? Or is the difficulty just too great now and power consumption too much that its impossible? Somewhere the numbers must add up to return a profit, but I've had no luck in finding the hardware needed to do so. And other companies have decided to no longer sell to the public and just mine for themselves. That's why I was curious about sourcing the ASIC chips themselves. But I have a feeling it would be a lot more work to assemble a working rig if one were to drop a few hundred grand. Is cloud hashing a good bet?

Thanks in advance.

I don't think he meant to be mean with his comment.  If you were really investing 500k yes you could very well make a thread about it and your updates (It might be put in mining possibly though).   

People come here asking if I buy X miners what will happen?  If I had X amount of cash and bought miners what will happen?  At least once a week these are asked if not more.  But people just don't follow through and buy the massive amount of hardware.  So this causes it to be speculation, or something that really is not going to happen.

And again none of this is meant against you or your question.  It just is common for something like this to be moved from hardware.

Really yourself, buckwheat. You must really enjoy moving threads, as we're not all hip to each category. This was a mining hardware question. TBYSADH. :\

Mining speculation or I WANT TO BUY XXX$ worth of miners? Really?

Wrong section.

This topic has been moved to Mining speculation will be the next move for this thread one can only hope.

well im not too shaby on my comment but why not a vacation with some money this ant miners give hard work to calculate good profit and roi but 7 btc like 1600 dollars per day you need 1 year to roi its very high investment in my opinion

 Is cloud hashing a good bet?

Thanks in advance.

I was thinking about renting some colocation cabinets and estimate a $600+ day power bill. This would probably place my rent in the $25K a month range if I decided to get into the bitcoin business and drop some serious cash on hardware.

If you were to drop $500K in hardware, what would you buy that is available or expected to be available in the next couple of months? I would think the price of bitcoin would need to be about $250 or greater to return a profit, and I believe eventually it'll work its way on up to the 4's and $500 again. But hey that's just me, and lots of folks I've talked to say bitcoin is dead. It's been flat, and growing slower in acceptance this year, but I have hope.

I've read 16NM has been in development and I think 20NM ASICs are available. Can one buy just the chips themselves and have them assembled on a PCB? Essentially, what would be the best bang for the buck to return a profit? Or is the difficulty just too great now and power consumption too much that its impossible? Somewhere the numbers must add up to return a profit, but I've had no luck in finding the hardware needed to do so. And other companies have decided to no longer sell to the public and just mine for themselves. That's why I was curious about sourcing the ASIC chips themselves. But I have a feeling it would be a lot more work to assemble a working rig if one were to drop a few hundred grand. Is cloud hashing a good bet?

Thanks in advance.

You'll need somebody well versed in electronics design (digital and analog) to actually design that PCB for you.  Even if you take an open source design (e.g. Avalon - SFARDS has also released detailed schematics and have a dev kit), there's little reason to think you could manufacture cheaper than the source.  You'd be cutting out operational overhead, mostly.

Can you get 16NM or 20NM ASICs?

I have a feeling it would be a lot more work to assemble a working rig if one were to drop a few hundred grand