I'm thinking about setting up a bitcoin farm at my workplace (free electricity, privacy) starting with a 1000-1500$ budget, anyone has any experience in bit mining? I'd like to know some good equipment/setup for this
He's actually rather correct.
All of the easy shit has been mined. I was reading something a few months ago how some guy paid a ridiculous amount of money to be one of the first to have the first bespoke bitcoin mining processor. I can't imagine how long it would take to recoup 1000 bucks these days...
More importantly, this is one of those things that can get your ass fired.
Didnt bitcoin mining become too difficult around a year ago when there was all that hype? I was going to do it with some of the other currencies, but calculated it would take ages to even cover the costs of the computers (with free electricity too).
You're not going to get any hits on a reasonable home computer set up. Cryptocurrencies use algorithms that increase in complexity exponentially, aka each coin is twice as hard to mine as the one before it. We're at the point where massive banks of multiple supercomputers run by national finance operations are barely getting trickles. Your chances of making anything at all is statistically indistinguishable from zero.
The only money left to be made in Bitcoin mining is selling Bitcoin mining hardware to idiots.
If they could make more money that production and electric cost, they would be using them instead of selling them...