Hello boys, looking to mine with about 50,000 dollar capital, whats the catch here?

I've been contacting various bitcoin mining "companies" and all in all I've figured that with 21 Antminer S9's and my state's extremely high electricity rate (.17c kw/h) @39,000 USD annually in power costs, I'll still be making about 57 thousand per year in profit alone. (not accounting for maintenance.)


So, where's the hidden part where I'll actually drain my bank account and net .0001 bitcoin per day?

Submitted August 06, 2017 at 01:02AM by OGSwagster69
via reddit http://bit.ly/2hxOPAz