Dear fellow Steemians
A friend of mine and I am think about putting some of our crypto earning into a mining venture. We want to start with a reasonable size - not too small so that this venture matters and we have some scaling benefits and not too big so that we have the chance to learn and fail early.
As this is no "new" idea and probably a lot of you have gone through this thought process as well I would like to get your insights so that we are not forgetting something or run into some obvious pitfalls.
In our business plan we considered hardware, rent, insurance, electricity, hardware replacement, some technician (if somebody from Switzerland is interested - please comment below) who keeps the systems running.
For the earning calculation
Anything we are missing?
What are pitfalls?
Any good reading material you can recommend?
