Hi,

Someone I know owns an industrial site with six unused units on it, each around the size of a shipping container, all wired into the national grid.

They've floated the idea of setting up a Bitcoin mining farm given the recent explosion in the price of the coin.

They've got £50,000-£100k to drop on the project, possibly more if they can realistically make money.

My questions are:

Is it worth it? Will they make a profit after the initial expense given the UK's high electricity costs?

How many mining machines would, say, £50,000 buy?

What other things do they need to consider cost-wise, ie electrical infrastructure, cooling, fire safety etc?

Is there a better coin to mine than Bitcoin?

How difficult is it to set up the farm initially?

Any other factors they need to consider.


Many thanks,
Adam