>be 30 yo, neet for the last 2.5 years living with parents >pretty much no expenses >borrowed 20k from the bank
I'm supposed to pay around 700 usd per month to the bank for 4 years for that loan.
I'm running the numbers on the feasibility of setting up my btc mining operation and it pays around $360 per antminer s9 monthly, if I buy 5 it's around $6k to pay for the investment at the beginning but it will mine around $1785 usd in btc per month.
Should I go for it? My dad is chewing my ass cause i cant pay the bank anything per month, but if this shit works im golden.
>My dad is chewing my ass cause i cant pay the bank anything per month If you were freeloading off me and getting into a risky loan/investment situation, yea I'd be fucking pissed off.
Oliver Gutierrez
I forgot to mention, I would set it up in a way that electricity would be free so no need to factor than in the equation.
Wyatt Myers
Mining is not the answer. Snoop Anonny-Nonn, you need to get a jobby-job.
Jackson Jones
you making your dad pay for the electricity? Brilliant!!!
Cooper Myers
did you run the numbers on what happens if you lose all your money?
Julian Lopez
are you going to tap into a street light?
Bentley Mitchell
if your electricity is free, then setup a mining op. but look into mining coins other than btc, because the chinks have giant btc mining farms, and you'll never compete with 20k.
Owen Hill
i dont want to be a wageslave again
nah trust me when i say this is not a problem, so there's no expense there, i could have the s9's running 24/7
im fucked and holding a big ass bag from the bank, but im pretty sure they cant send you to jail for not paying a bank debt or shit like that, you just burn your credit score.
yeah that's a backup plan but mainly i would try to mine btc, i ran the numbers on several mining calculators online and they say it's a good ROI and a nice amount per month, like 1.2 coins monthly which is more than enough to pay the bank and earn a profit, plus i would reinvest earnings.
Grayson Roberts
ITT: be neet enough to think they can mine btc in 2017.
