Hello, I have no idea in which category to post this, however,
I’d like to talk with you about a project I had in mind on the cryptomining field.
I recently had an offer, and I’ll most likely able to build a 20kWh solar implant, thanks to the government finance for covid19. So, I had in my mind the idea of building it up a mining farm.
I only have about $4000 to invest from my pocket, that’s all I can risk at the moment, so I wanted to start small, and by time to time upgrade to a bigger one.
My plans is to achieve the point of having a full activity of cryptomining, obviously, on a profitable way.
Now, do you think that is possible having only $4k to invest?
Should I go directly big and take a bank loan? (I find it way too much risky)
That being said, on my country (Italy) we have a medium kWh cost of 0.17€ (average $0.20), so anything out of my solar implant, it’s gonna generate a loss (I suppose?).
In the remote case, I might be able to get a favorable energy rate of 0.06€ (average $0.08), do you think it worth more giving up the idea of solar implant expanding and just going by public network?
I think during the daylight a 20kWh implant is mostly able to generate average of 13-14kWh taking into consideration cloudy days and an average of 6kWh during the night, thanks to the batteries.
So the question is, what do you suggest me to do?
What would you do in my situation if you had to start like that?
Starting in 2020 is very rough, as almost all GPU’s aren’t profitable anymore and ASICs cost $3k each