Thank you for all your replies. They are much appreciated!

I live in europe, and GPU prices in my country are still quite high (around 750 usd for a vega 56 or 350 usd for a rx 580 8gb) which is part of the reason why ASICs seems the better choice.

Quote from: swogerino on August 30, 2018, 05:47:04 PM

I don't know where you are located but if you have 80k to invest it would be best to buy a small house by adding another small amount of money , in US a good small house cost about 150k depending on the state you are located.

If you are firm on your decision and you want to go with a mining adventure, my advice would be to buy 50% of the money , your favourite miners and the rest of money to buy bitcoin,ethereum,litecoin and zcash, the top 4 major coins and hold.

A house here would be at least 300k usd, with a maximum of 40 amps.. so buying isnt really an option im afraid. At least i have cheap rent

Quote from: vlad230 on August 30, 2018, 03:24:18 PM

OP, I'll try to be on topic and not direct you to buy coins with the money Cheesy

The question here, which I hope you already calculated, is have you turned a profit? If you have, that's good, you know what you're doing. Wink

Since you were saying you have started mining with GPUs at the beginning of the year, you probably know already that ASICs are not like GPUs in the sense that they will probably become obsolete (or how these guys here want to call them: "door stoppers" Cheesy

) and you won't be able to use them anymore for mining once the algorithm for your target coins changes.
In some cases, ASIC manufacturers announce their new ASICs when the most profitable coin states that it will change the algorithm to be ASIC resistant (see the Monero & Baikal case study).

If I were you, I would research more in the FPGA market rather than ASICs. FPGAs can be programmed to work even if the algorithm changes but you won't have the same hashing power compared to what the ASICs have.

Hope this helps Wink

I did turn a decent profit. Got on the Raven wave quite early

I do know the problem with asics turning into heavy paper weights after a while. Expensive GPU prices is part of what pushes me towards asics though, see above.

Quote from: nc50lc on August 30, 2018, 11:32:30 AM

Quote from: adaseb on August 30, 2018, 12:01:29 AM

-snip-

But what about this?:

Quote from: zeric on August 29, 2018, 10:54:06 PM

I am almost done setting up the place with airflow, security, network and the works.

Quote from: zeric on August 29, 2018, 10:54:06 PM

What to buy?
I am thinking I will start off with:

2 x Antminer Z9
1 x Innosilicon A9 (would focus more on these if it wasn't for all the bad things i read about Innosilicon)
1 x Pangolin Whatsminer DCR (november is a long time away though)
5 x Whatsminer M 10.

Which is about 25k USD give or take.

If you're going for ASICs, do not buy multiple brands and models, research for the one that has the highest profitability but not the ones that targets any "CPU-mining" & newly developed (including suspicious) algorithms .

The advantages of that are easier maintenance and "more efficient mining" of the coin of your choice.
That way, it will be easier to reach the capital return and even ROI in a shorter period of time, the other way around IMO have more disadvantages.
But if you want to expand and add diversity, your original plan (Add GPU Miners) can still be applied.

Today's a risky season for miners, it's up to you.

Could you elaborate on this? I get the maintenance part, but more efficient mining? how so?

FPGAs... I dont feel comfortable jumping into this. My tech skills are decent but nowhere near what it looks like is needed. Perhaps in time when more algos are opened up.

I'll meet with my investor this weekend and see how he feels about a split scenario.

EDIT to fix quote error.