Below is a sample of some of the expenses one needs to consider before starting a small scale mining operation.
- What ever amount of money you estimate to start add another 50%. There are expenses that come up that you would not have thought of.
- What ever time you estimate to be fully operational add another 30%. It always takes longer then you think.
- Plan on learning and doing as much work on your own as possible to keep your costs down.
|One Time Cost||Electrical Work||Circuits|
|One Time Cost||Electrical Work||PDU, outlet and wires|
|One Time Cost||Inside Improvements||Louvers|
|One Time Cost||Inside Improvements||Louver Instillation|
|One Time Cost||Inside Improvements||build box|
|One Time Cost||Other||Racks and supplies|
|Total One Time|
Forecasting your income is difficult but based on your miners hash rate, current difficulty and price you can determine a present value.
Taking your expenses and income components and model them in a scenario analysis so you can see best and worst case scenarios. Always plan for the worst case because it might be your most likely outcome.