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Showing 5 of 5 results by HopefulMiner
Post
Topic
Board Mining speculation
Re: New venture, lets talk profitability and ROI
by
HopefulMiner
on 14/07/2014, 21:55:50 UTC
Small scale mining at home is just not profitable any more. Do more research and make a spreadsheet on expected return at different rates of difficulty. Then decide whether it is worth the risk.

Have some sources you would recommend?

How large of scale would you suggest that it would have a worthwhile return?

[/quote]
What are the reasons you want to get into mining?  You said you convinced your father to mine.  Why?  What are you looking to get out of this venture?
[/quote]

I convinced him on crypto currencies. It didn't take much as I've been pushing it for the past year now. After he was sold on the innovation aspect of it, we wanted to look into exploiting opportunities.
Post
Topic
Board Hardware
Re: Hopefully starting up, have questions about hardware.
by
HopefulMiner
on 14/07/2014, 21:49:10 UTC


First question  what is your power price?
Second question what is your power capability?
Third question is what type of place will you do your mining in?
[/quote]

1) $7.00 fee + First 800 kWh of 2.258 cents per kWh, After 800 kWh 1.258 cents per kWh
2) Unsure
3) If it was large enough, starting a server farm in a new complex although initially in our home. We have 3 floors and the top floor is unused so we won't have that noise issue.
Post
Topic
Board Hardware
Re: Hopefully starting up, have questions about hardware.
by
HopefulMiner
on 14/07/2014, 20:58:35 UTC
In a few months, once all of the planning is done and we're aimed and ready to fire at some alt coins.
Post
Topic
Board Mining speculation
Topic OP
New venture, lets talk profitability and ROI
by
HopefulMiner
on 14/07/2014, 20:23:10 UTC
Hello all, I recently joined and ended my bitcointalk surfing spree. Anyways, I was able to convince my father to mine crypto currencies. As an investment in mining hardware we need to find out if this will be worth our while. We have $30,000 USD to invest in the full setup (see post in hardware if you want to suggest types of mining bundles) and want to know what we can expect with a return on our investment and how profitable this could be.

I look forward to your help.
Alex
Post
Topic
Board Hardware
Topic OP
Hopefully starting up, have questions about hardware.
by
HopefulMiner
on 14/07/2014, 20:15:39 UTC
Hello all, so I've created an account and ended my bitcointalk surfing. Anyways, my father is interested in mining from a investment standpoint. I will post in "Mining Speculation" about the ROI and profitability in our new side project so keep your comments hardware based please.

We are doing our research but I have always found the best answers are from those with the most experience. We want to create a revenue stream from mining with an initial investment of $30,000 USD. The parts need to be able to scale to a higher mining capacity once things start up and running with success. Of course, we need to be realistic here and make sure this will be worth our while.

I'd love to hear your perspective on the situation and any advice on different hardware we can use.

Thanks,
Alex