Post
Topic
Board Mining
Re: Please bail me out - I'm an idiot bought mining gear at the peak
by
Karen Palen
on 20/06/2011, 15:03:41 UTC
Seems to me a lot of your costs are over and above the actual mining hardware.  Even if you return the mining hardware you'll be out a bunch.

Me, I've shut down my miners.  Yeah, I'm small scale -- 561 Mhash/sec, cost me $209.  Not mining at this difficulty until I know if BTC will be > $4 or under .01 once the smoke from the MtGox fireball settles.  =)

I was at an earlier stage in my mining - about ready to order some hardware.

My plans too are on hold until I see just how this all plays out.

My concern is that we may have provided a whole new generation of script kiddies with superb password cracking machines!

This may yet be the main legacy of BitCoin.