Quote from: moredillon on May 28, 2015, 10:30:27 PM

Quote from: melon21 on March 19, 2015, 04:59:20 AM

After one year of mining, I just stopped my small time mining operation

In the past 4 months, I was paying so much for power, my bills were so high, and I was barely making anything. Not even close to breaking even each month. Now I just buy direct, and cloud mine. I have to keep the feeling of getting new coins each day. I think I will turn on my miners maybe for a week each month (maybe).

But I will say what a year experience it has been. From being ripped off and miners never coming that I paid for from minersource/blackarrow (prospero x-1), and from cloud mining sites shutting down after 2 months of offering service (GAW miners).

I am on the fence of shutting down my 7 S3's - I live in SF and feel like I am actively losing money, but I enjoy doing what I can to decentralize the network.

I wish it wasn't so slanted by silicon/ASIC producers with access to cheap power.

I also got ripped off $6000 by bitmine in 2014 with a miner/refund that never came.

I wish there weren't so many bad people motivated by greed in this world.

I still believe in bitcoin.

You're mining in San Francisco?

PG&E's A-1 Small General Service peak use rate for San Francisco is one of the most expensive in the country. Even if you're on an E-9A (handicapped on social security) tiered pricing schedule and only mine at night you still would pay about 40% more for electricity than the rest of the country. The only way you could pay more to mine is if you moved to Hawaii or New York City.