Quote from: ryder004 on December 05, 2016, 06:29:19 AM

Hey guys, so first off this is my first post.

I just learned about Bitcoin a week ago. I been watching vids and reading on it day and night since.

I have 100k to invest. I was going to(and still can) buy a piece of property with my friend who has money and is also a contractor and build on it.

However I really am fascinated with bitcoin. Now I have seen tons of YouTube video's online of other bitcoin farm operations and have no clue how much they cost to set up. Basically I have no clue how much damage I can do with 100k. What they fail to also tell is how much they're making..........but I could see a few reasons why they would chose to withhold that information.

So far I have learned that power is the biggest overhead. To counter that I would buy a warehouse in Mexico where power is cheap. I have a friend that lives down there who can buy the land for me(in Mexico, the law is only citizens can purchase land). Now my knowledge in computers is pretty good but I am not an expert so I would not mind forking out 2-5k for a person who has a computer science degree and has a good understanding of bitcoin, and have him sit down with my buddy who is a contractor to draw up a design of build out.

My only question is, how profitable do you guys think a 100k operation would be with cheap power? I am obviously not doing this as a side hobby, but instead looking to make some real money. Now I am not looking to start tomorrow. If anything I would keep researching this subject for another 6 months or so before making any decisions. But as of right now, any help from this community who mines would be greatly appreciated.

The 100k investment would just be equipment. The purchase of warehouse, cost to build, any other non equipment cost is not a part of the 100k.

In my opinion it is not worth to invest in mining 100k and run a farm. The best choice is to buy Bitcoins for 100k sit and watch how the price is doing. You will get more returns than mining BTC. Just think if something goes wrong you will lose all your investment but having BTC you can just sell off everything and move on. Running a farm is very expansive business. You need invest not only in electricity but also in security. Why you want do this?