Quote from: agamasrori on September 22, 2016, 02:15:21 AM

Quote from: BTC Loading on September 20, 2016, 01:07:22 AM

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

Wow That is a huge amount. but you must be carefull to choose minning site because there are so many minning site was a scam. I preffer like to do trade to gain my money, with that amount of bitcoin I will easily get enough profit although just sell my coin in a few above of price that I was bought.

$2,000,000 is a big money, you should careful before investing big amount. my suggestion is you can investing for only $500,000-$1,000,000 because we are not know what will happen in future.

with that $500,000-$1,000,000 you can buy hardware s9 like about 5 hardware-10 hardware, and you can build farm mining with using new PC like about 3-5 PC with each motherboard with support 4-6 vga cards to mining eth, and then if there is still money left over, you can buy bitcoin and hold it for half, and for the other half, you can use for trading.

i hope you can get success with your investment.

What will be the monthly revenue?
for 1 s9 a day = 0.285 BTC
monthly = 0.285 BTC x 30 = 8.55 btc
if you have 10 of s9 = 8.55 btc x 10 = 85.5 btc

What will be the yearly revenue?
for yearly = 85.5 btc x 12 = 1026 btc

1026 btc x $650 = $666,900 in one year

Cost of maintenance?
$4000 x 12 month = $48,000

that is just for s9, i am not understand how to calculate for mining etch, maybe its like the same as calculating for bitcoin. you can search in search engine and read more to know the calculate.

i only try to calculate with todays condition, i don't know what will happen in next one year, but with my calculate, you can make your ownself calculating and you can make your decision.

i am sorry if my calculating its wrong because i don't mining with any hardware, its too expensive for me, i only try to make sample for you and i hope you can do the calculation with yourself.