We all were aware of the risks of this group buy.    Back when we first bought our part in this, who thought that we would see $240 BTC and $1.60 LTC?

Waldo stated he was mining at cex.io.  It was easy to verify this by following the payouts we received.  The coins were only 1 hop away from newly minted coins to a known cex.io address.

According to the math I've done, Waldo is paying somewhere around 23 cents per Kw/h.  It's unfortunate the Titans aren't being hosted elsewhere, as that is more than 5x what I pay for power.

The upside is that LTC difficulty continues to drop.  Maybe one day we'll be able to power up the miners again.  Any payout is better than none!