Quote from: LittleD on January 13, 2015, 06:35:55 PM

Waldo is the only one making profit out of us... this is BS ...

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!