People will get burned so fucking hard from this. Now would be a good time to take profits from this altcoin pump! The chart is screaming for you to take profits guys!
I wrote this close to ATH. I hope people listened!
Depends on when you got in.
If you got in when the price was $0.75, you really won't feel bad about not selling.
The cost of my mining was about $0.5. I still think I should have sold when the price was $15. So it depends on individual.
That mining cost was 3 month ago's cost. Today's mining is much higher, probably it is $4 for most people.
The mining cost is definitely higher, but not quite by that much. I have one rig that does 80 MHash/sec and still generates a bit over 1 ETH per day mining. It draws 800 watts from the wall, or 19.2 KWh/day. So even at 10 cents a KWH, 1 ETH runs about $1.90 in electricity. Of course this assumes the rig is paid for, if you are still trying to ROI on equipment then it would be more. So as long as ETH stays above $2 and difficulty doesn't increase much more, mining profit is still there.
My electricity price is $0.2 kWh, so my cost of mining is about $4 each. I will not invest in new rigs now.
$0.2/kWh price is too high for mining profitable if you consider the other efforts you put into the mining.
That is right. We spend a lot of time doing the mining related job. If you calculate the time used, it will also cost money.