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+--- Thread: Want to invest 20,000 Euro in ETH mining ? (/showthread.php?tid=5772497)
Want to invest 20,000 Euro in ETH mining ? - CyberAlien - Dec 21, 2017
To keep this short and simple, I want some ideas/opinions on me investing 20,000 Euro into Ethereum mining rigs.
Yes, I have calculated some averages and stuff, it will take at least 10-/+ month for ROI.
But what do you think, will it be profitable in long-term, for like 3-5 years?
-----------------------
Thanks for all the replies, with 20,000 EURO the plan is to get around 1250mh/s power. Also about the electricity, here is cheap 0.08$kw/h so it's not that's much of a spending (but you never know, for 200$ I can get someone to connect it illegally xd).
To the guy who said buy 20,000 EURO ETH now, sounds good and it's safer but I'm planning in long-term. But let's make a simple calculation, at least in my point of view (please someone correct me if I'm wrong or anything, I want to learn)
With that mining power (1250mh/s), I'm looking at around 60 ETH a year. Let's say in 5 years, I'll have 250 ETH (I'm taking worst scenario, because of difficulty, luck, technical stuff etc). And in 5 years 1 ETH = 2500 euro, I'll be sitting on top of 625,000 euro.
Now let's calculate buying 20,000 Euro of ETH now, which is 30 ETH. In 5 years 1 ETH = 2500 euro, I'll be sitting on top of 75,000 euro.
This is my point of view, please anyone give me a detailed theory or proven answer that I'm wrong, as I said I want to research and take opinions by as many as I can so get a conclusion.
NOTE: I'm not putting my life savings on this so even if it fails, I can sell the rigs and get burned maybe 10,000 euro or less.
RE: Want to invest 20,000$ in ETH mining ? - The Money Maker - Dec 21, 2017
Yeah, I think so depending the fluctuation. A friend of mine got a 10k rig and he made around $1000 USD per month at this moment..
RE: Want to invest 20,000$ in ETH mining ? - Hash G. - Dec 21, 2017
Depends of the price of electricity... Guess it's kinda worth it even if you pay for it. Want to get a rig myself.
RE: Want to invest 20,000$ in ETH mining ? - n31ght0 - Dec 21, 2017
i think would be better if you invest 20K into coin it self and get more profit after 10 month rather than mining it and buy a expensive rig
RE: Want to invest 20,000$ in ETH mining ? - Mr.Peanut - Dec 21, 2017
(Dec 21, 2017 05:04 PM)Hash G. Wrote: Depends of the price of electricity... Guess it's kinda worth it even if you pay for it. Want to get a rig myself.
I'm also wanting to get a rig, but to mine new coins instead. OP, a $20,000 investment now is pretty smart, look into making a deal with an electricity broker (locking in contracts for your electricity price), they can get you better overall rates.
RE: Want to invest 20,000$ in ETH mining ? - CyberAlien - Dec 21, 2017
Thanks for all the replies, with 20,000 EURO the plan is to get around 1250mh/s power. Also about the electricity, here is cheap 0.08$kw/h so it's not that's much of a spending (but you never know, for 200$ I can get someone to connect it illegally xd).
To the guy who said buy 20,000 EURO ETH now, sounds good and it's safer but I'm planning in long-term. But let's make a simple calculation, at least in my point of view (please someone correct me if I'm wrong or anything, I want to learn)
With that mining power (1250mh/s), I'm looking at around 60 ETH a year. Let's say in 5 years, I'll have 250 ETH (I'm taking worst scenario, because of difficulty, luck, technical stuff etc). And in 5 years 1 ETH = 2500 euro, I'll be sitting on top of 625,000 euro.
Now let's calculate buying 20,000 Euro of ETH now, which is 30 ETH. In 5 years 1 ETH = 2500 euro, I'll be sitting on top of 75,000 euro.
This is my point of view, please anyone give me a detailed theory or proven answer that I'm wrong, as I said I want to research and take opinions by as many as I can so get a conclusion.
NOTE: I'm not putting my life savings on this so even if it fails, I can sell the rigs and get burned maybe 10,000 euro or less.
RE: Want to invest 20,000 Euro in ETH mining ? - XtjzM - Dec 21, 2017
if someone helps you, i'd like the same.
same budget (possibly more if better ya know)
RE: Want to invest 20,000 Euro in ETH mining ? - CyberAlien - Dec 22, 2017
I'd be happy to hear more opinions related?
RE: Want to invest 20,000 Euro in ETH mining ? - Cyber Coder - Dec 22, 2017
eth was lower than 550 today, if you would have put 20k in it today in max 6 months you would have doubled your money
RE: Want to invest 20,000 Euro in ETH mining ? - phybeя - Dec 22, 2017
If you want to work together, I am in the process of building a facility and won't have any electricity costs and have someone who is personally building the rigs for me.
RE: Want to invest 20,000 Euro in ETH mining ? - Skil@h - Dec 22, 2017
(Dec 22, 2017 04:17 PM)CyberAlien Wrote: I'd be happy to hear more opinions related?
Did you take a look at LTC mining?
Scrypt asics are affordable right now, and the profitability jumped by ALOT, you should take a look at other options, not saying ETH is not worth it, but don't focus only on this one :)
PS : check those reviews about asic scrypt miners :
http://1stminingrig.com/litecoin-scrypt-asic-miner-wolf-review-1-2-ghs/
RE: Want to invest 20,000 Euro in ETH mining ? - CyberAlien - Dec 22, 2017
(Dec 22, 2017 04:23 PM)phybeя Wrote: If you want to work together, I am in the process of building a facility and won't have any electricity costs and have someone who is personally building the rigs for me.
I'd gladly hear more about this ?
Just read about this :
https://coincentral.com/when-will-ethereum-mining-end/
So this means that's I won't even ROI and my mining rigs will be useless ?