Post
Topic
Board Beginners & Help
Topic OP
Seriously Looking Into Mining - Advice Needed
by
Malusig
on 21/11/2013, 16:30:22 UTC
Hi All

I would like to know the following:

I am looking to Mine bitcoins for "investment" purposes and not for day to day profits.

I.E. I am looking to start with between 5 ghs - 10 ghs and generate 12 months worth of BTC with that setup.

After which I will sell 25% of the BTC mined (either monthly or yearly ?) to partially cover costs.

My Goals:

- Mine as many BTC as I can with the intention of keeping them as investments for the long term i.e. (gold, shares, etc) (HIGHLY RISKY I KNOW)
- Based on my calculations running a 5 Ghs in the Slush pool I should be able to average out just over 1 to 1.5 BTC a month

My Electricity is currently free and my only investment would be the ASIC mining setups plus accessories (<- correct me here if I am wrong)

Assuming my logic above makes sense and you feel that it is sound.

I am looking at starting with the following setup:

3 x USB Fury based 2.2+ Ghs (generating 5.5Ghs+) on the slush pool.

Also where is the best place to purchase ? and any tips purchasing?
- Currently Ebay seems to be the only place.

Looking forward to your responses.

 Wink