@Arnold Got you added
And now to address the ugly coin price elephant in the room.
So for the last 8 days of mining we accumulated just over 330 LTC @ ~$1.55 a coin that's about $510/week, which is literally the break-even to host the miners. We are currently borderline running at a loss.
In realistic numbers we're mining about ~$450 a week in LTC/BTC at the currently price and difficulty which is.
I've ran numbers with clevermining and even was looking at West/Nicehash but they all give us ~0.27 BTC/Day ($60) and that is running in the red.
Looking at the numbers (difficulty for btc/ltc and prices) obviously, we are not the only people hurting with this crash .
BitPay lays off 9 employees (maybe not directly related):
https://bitcointalk.org/index.php?topic=921084.0
Cex.io takes miners offline:
http://cryptomining-blog.com/tag/cex-io-stops-cloud-mining/
Kurt (only support from KnCMiner) leaves KnCMiner:
http://forum.kncminer.com/member/1310-kurt/activities
https://se.linkedin.com/in/kurt667
https://bitcointalk.org/index.php?topic=170332.msg10075360#msg10075360
I still have not received any replies from KnC regarding a possible bad cube but with the link above I can see why. I'm emailing support again now.
With that being said I'm going to use our weeks earnings to cover our costs before any other crashes happen before I do so.
So for now, I'm sad to say that we will have to pause our Titans and power them off while we get through this bottom crash.
We need to earn above $500 a week for the Titans to to remain on and unfortunately under these conditions they are not succeeding in this. I will be closely watching the prices over the next few days and will revisit our options come Monday. I'm sorry to be the bearer of bad news but this is the current situation we're in. I'm not going anywhere so please do not worry about that. Again, I know this is probably the last thing you wanted to read on this thread today but figured I'd bring the news in early to read.
As always please feel free to shoot me an email if you need an immediate response. Let's hope the grass is greener next week.
WH
And now to address the ugly coin price elephant in the room.
So for the last 8 days of mining we accumulated just over 330 LTC @ ~$1.55 a coin that's about $510/week, which is literally the break-even to host the miners. We are currently borderline running at a loss.
In realistic numbers we're mining about ~$450 a week in LTC/BTC at the currently price and difficulty which is.
I've ran numbers with clevermining and even was looking at West/Nicehash but they all give us ~0.27 BTC/Day ($60) and that is running in the red.
Looking at the numbers (difficulty for btc/ltc and prices) obviously, we are not the only people hurting with this crash .
BitPay lays off 9 employees (maybe not directly related):
https://bitcointalk.org/index.php?topic=921084.0
Cex.io takes miners offline:
http://cryptomining-blog.com/tag/cex-io-stops-cloud-mining/
Kurt (only support from KnCMiner) leaves KnCMiner:
http://forum.kncminer.com/member/1310-kurt/activities
https://se.linkedin.com/in/kurt667
https://bitcointalk.org/index.php?topic=170332.msg10075360#msg10075360
I still have not received any replies from KnC regarding a possible bad cube but with the link above I can see why. I'm emailing support again now.
With that being said I'm going to use our weeks earnings to cover our costs before any other crashes happen before I do so.
So for now, I'm sad to say that we will have to pause our Titans and power them off while we get through this bottom crash.
We need to earn above $500 a week for the Titans to to remain on and unfortunately under these conditions they are not succeeding in this. I will be closely watching the prices over the next few days and will revisit our options come Monday. I'm sorry to be the bearer of bad news but this is the current situation we're in. I'm not going anywhere so please do not worry about that. Again, I know this is probably the last thing you wanted to read on this thread today but figured I'd bring the news in early to read.
As always please feel free to shoot me an email if you need an immediate response. Let's hope the grass is greener next week.
WH
Woldo does this in every GB... This was never part of the contract... But hey im the bad guy for speaking out...
Waldo just sell the Titanss!!