Post
Topic
Board Mining (Altcoins)
Re: multiple etherum rigs investement
by
itgetsbetter
on 21/09/2017, 06:30:43 UTC
Thank you for all replies!

I feel I left an important part unmentioned. The non-refundable funding is something I get from the government to invest to create jobs. I invest around 30-40k and they give me the rest (that's why I can't buy the coins and definitely I can't buy antminers because all equipment has be bought from a local shop to increase their business as well ). The catch is I have to create a couple of jobs in my current business, they don't really have to be involved in the small data center, but I have to keep these jobs for 3 years otherwise I will have to return all the money the government gave me to invest. Most likely I will get the money sometime in February next year. So, in the end, the question is: do you think that running rigs ( worth of 180k but paid 30-40k for them ) for one year ( or one year and a half to be on the safe side ) would be profitable? For some,  the answer would be definitely yes but I am a bit scared of what might happen with etherum in the next year or if monero / pascal would still be mineable to make profit.

P.S.: Thanks for all advices! I am a bit tech savvy and installing and setting up every rig doesn't scare me. I plan to use PiMP and miner.farm to manage and monitor everything. One downside would be that the data center would be located at 150 miles away from me.