I'm looking into investing into Burst Coin (as an active "miner") and I'm a little confused by few things, namely what resources specifically would be required to run, effectively, say plotting several 4TB hard drives.
CPU
RAM
Internet Bandwidth
Write/Read Speeds (Relevant or not)
I do have some captial that I'm willing to invest into this and I wanted to hear from some who are already doing Burst Coin on what's essentially required and such so that I can determine whether if it would be a cost-prohibitive or not to start.
I see that theoretically 1 PB system would rake in $5000 a month and perhaps about 4-6 months or so to break even after the initial investment (based on current HDD prices). I'm not sure whether the scale of economy would be more effective with a bigger plot / smaller hd / bigger hd and such.
Again - I'm hoping that I'll get some better understanding from the people who currently mine Burst Coins and thank you for your time.
For consideration - I have a minimum of $10K that I'm willing to invest into this project and I suppose this will bring me close to 240-360TB and after breaking even, I could reinvest half of earnings back into expanding the operation and pocket the other half into my stock market funds as a hedge either way. Is this remotely a feasible or am I understanding this incorrectly?
Resources I've looked at:
http://burstcoincalculator.com/
https://coinmarketcap.com/currencies/burst/ (I feel that this market cap will be able to support my investment even at half of its current price point and only has room to grow)
https://www.burst-coin.org/
In short - I'm willing to invest at a minimum of $10K into this project as to sustain a minimum estimate ROI of 4 months (half of current coin price). I'm also looking to expand perhaps upwards to 10 PB operation should the ROI break even within 2-3 months and the operation to be profitable within 5 months.
Many thanks to all who took the time to read this and I look forward to your help. Much appreciated!
CPU
RAM
Internet Bandwidth
Write/Read Speeds (Relevant or not)
I do have some captial that I'm willing to invest into this and I wanted to hear from some who are already doing Burst Coin on what's essentially required and such so that I can determine whether if it would be a cost-prohibitive or not to start.
I see that theoretically 1 PB system would rake in $5000 a month and perhaps about 4-6 months or so to break even after the initial investment (based on current HDD prices). I'm not sure whether the scale of economy would be more effective with a bigger plot / smaller hd / bigger hd and such.
Again - I'm hoping that I'll get some better understanding from the people who currently mine Burst Coins and thank you for your time.
For consideration - I have a minimum of $10K that I'm willing to invest into this project and I suppose this will bring me close to 240-360TB and after breaking even, I could reinvest half of earnings back into expanding the operation and pocket the other half into my stock market funds as a hedge either way. Is this remotely a feasible or am I understanding this incorrectly?
Resources I've looked at:
http://burstcoincalculator.com/
https://coinmarketcap.com/currencies/burst/ (I feel that this market cap will be able to support my investment even at half of its current price point and only has room to grow)
https://www.burst-coin.org/
In short - I'm willing to invest at a minimum of $10K into this project as to sustain a minimum estimate ROI of 4 months (half of current coin price). I'm also looking to expand perhaps upwards to 10 PB operation should the ROI break even within 2-3 months and the operation to be profitable within 5 months.
Many thanks to all who took the time to read this and I look forward to your help. Much appreciated!
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