Pros & Cons of buying land and starting a farm in late 26', early 27?

Mining & Hardware
#1

I watched the most recent video by VoskCoin that made a strong case against investing in rental properties. Rather than purchasing another rental, I’m seriously considering diversifying into crypto mining.

I’m looking into starting a small-scale crypto farm. While I’m currently out of my depth, even operating at 50% of expected capacity could yield solid returns. My goal is to use this time to build both the financial and technical knowledge needed to launch this properly.

Due to the high electricity costs in Illinois, I plan to base the farm in North Dakota. The setup would include machines like the Bitdeer SealMiner A2 Pro Hyd, although that may change as the plan evolves. For context, I come from a background in network engineering, IT, and systems administration.

Anticipated Challenges:

  • Costs related to setting up a shed or structure
  • Installation of 3-phase electrical infrastructure
  • Specialized hydro cooling systems

I understand I’ll need to hire a licensed electrician and possibly a cooling system specialist. The land would be around 4 acres, not huge, but enough for this scale.

At this stage, I’m trying to determine if there are any major costs or logistical challenges I’m overlooking. If I were able to support around 20 of these miners, that would be a success in my eyes. However, I’m wondering: could that many machines strain the local power grid in a rural area like this? Also, initially likely only going to be able to afford like 4-5 initially, depending on cost of infrastructure.

Lastly, if it takes me a year or two to get things moving, would it be smarter to hold off on purchasing hardware until after the next Bitcoin halving?

#3

The absolute first thing would be to check electrical rates. Without that you’re dead in the water.

From there, buy a container similar to what vosk has, don’t waste your time on a home built shed. The purpose built container will be better in many regards and could possibly cost you less as well.

Unless you have a need for heat reclamation then just go air cooled. Keep it stupid simple.

Make sure noise isn’t an issue for where you want it.

From there it’s easy, just be patient and fix things as they come up.

Unless mining hardware prices are in a “euphoric” phase you’ll most likely be ok in the long term buying when you’re ready.

Something to consider would be to buy BTC now, if you believe it to continue to go up, and then sell some down for your farm as you need if you don’t have liquid cash at the time.

3 phase would be ideal, but it’s not usually readily available unless you’re in a commercial area.

edit: something to think about and consider, you may be better off just buying the coin vs mining.

1 Like
#4

I’ve also thought about buying land somewhere there’s plenty of sun and installing lots of solar panels for cheap power. I can do most of the work myself.

It would be around 200+ bi-facial panels and I would have maybe 5-10 miners running on those panels. I would possibly try to solo mine Bitcoin cash for a few months and compare that to how much I would make just straight up Bitcoin mining.