Private Mining Operation vs Strategic Mining Collaboration

3 replies 363 views
stake1337Member
Posts: 9 · Reputation: 74
#1Mar 22, 2025, 06:57 PM
Hey everyone, so I’m teaming up with two partners and we’ve got $300k to start, plus we can probably pull together another $2-3M in a few months. Our backgrounds are in real estate, and we’ve all been in the bitcoin game since 2017, so we’re not total newbies, but this will be our first shot at mining. I get that the cost per kilowatt hour is super crucial for success, but there’s more to it than just that. Our main goal is to accumulate and hold BTC, and we’re in it for the long haul probably won’t even think about selling any for at least 5 years, maybe even longer. We’ve got a few questions for the community. 1) Should we go for a fully private mining venture that’s vertically integrated with a Power Purchase Agreement, real estate buy, and our own team of engineers, basically cover all bases? 2) Or would it be smarter to look for a mining partner (not even sure if that’s a thing) that already has the necessary infrastructure, like a hosting facility but with a bit more flexibility? Semi-private maybe? 3) We’re leaning towards getting the best machines with immersion cooling tech. Is there any reason we shouldn’t do that?
2 Reply Quote Share
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#2Mar 22, 2025, 10:16 PM
So a guy with a possible 3.3 million to invest wants some free info from us. I can tell you this find a guy that does this business and know ins and outs of the game. I could give you my host in Iowa but he will only do air cooled gear. Immersion is very costly and if efficiency improves enough you will be stuck with out of date gear. Which is only good if you have 2 or 3 cent power. I recommend using the bitmain s21 xp air cooled gear it does 270th at about 13 watts a th. easier setup cost less than the immersion gear. 3.3 million is not as much as you think it is. 1 well made container can do  300 units of s21 xps which will run you over 2 million just for the 300 units. add in wires and installation costs you will be over 2.5 million to do 300 x 270 = 81,000 th or 81 ph earns around  4300 a day before you pay for power and help and other costs.
4 Reply Quote Share
5wiftS4geHero Member
Posts: 850 · Reputation: 3880
#3Mar 22, 2025, 11:44 PM
I don't really understand why you need a company with a large staff? In Russia, 1 engineer maintains several containers of 300 asics. You need to buy a container, hire 2 engineers to work in shifts and a security guard. The cost of electricity will play a very important role for you. Large miners build locations for hundreds of megawatts, and you will not even exceed 2 megawatts with this investment. You will lose out to the big players in the mining market if you don't have an advantage.
3 Reply Quote Share
st4cks4tsFull Member
Posts: 149 · Reputation: 608
#4Mar 25, 2025, 02:36 AM
Where are you located or where are you looking to set up?  Have some ideas about your questions above and potentially a couple sites to consider / depending on what you're looking for exactly.  Lmk if you want to have a call sometime
1 Reply Quote Share

Related topics