Quote from: akb7868 on November 20, 2015, 03:48:14 PM

Quote from: notlist3d on November 19, 2015, 11:02:44 PM

Quote from: akb7868 on November 19, 2015, 09:43:04 PM

I am planning for raising capital to the worth of $ 3 Million (INR. 180000000).

How do you plan on raising this much capital? Do you have an actual investor who in interested or are you just assuming you will find someone?

I just think that is a lot of capital, and yes it has a ton of opportunity. Just curious how set in stone your backing in.

I actually know a rich relative. He is an investor of a kind. And always seek for better opportunities for investment. If I will be able to impress him, then I could expect at least $ 3M. What if I invest in 3,000 miners, will I be more profitable for a span of consider 2 years?

Miner's have a lifespan in 2 years a miner is obsolete and most likely will only be worth scrap, unless a way to upgrade chips. It is the nature of BTC asics they just have a life that goes fast.

I think I agree with alh you need to scale back until you dealt with miners a little more. Start small with a few.... see how it goes. Then really go in if you want but keep in mind the place you get electricity is important just as much as miner if not more.

Electricity price can kill ROI in some cases. For 3 Million... I would guess your thinking about doing your own data center... there is just a lot there to learn beforehand.