Quote from: TheQuin on October 21, 2013, 10:17:22 AM

Quote from: Taxidermista on October 21, 2013, 08:35:38 AM

Quote from: TheQuin on October 19, 2013, 03:44:35 PM

Quote from: Jriker1 on October 19, 2013, 03:37:54 PM

Anyone else thinking mining is becoming pointless? Especially with the rise in BTC value? Most alt coins have plummeted. I normally cash in my alt coins but had .27 BTC worth of alt coins in Cryptsy last night. Today after a night mining worth now worth .16. I'm loosing money while I mine and don't even pay for electricity for it.

I think you need to look at mining income in fiat unless your utility company charges in BTC. If BTC went up 30% against the USD and also 30% against alt coins then nothing changed other than the number of BTC you made.

OMG, convert our BTC daily income to USD or EUR to know how much we really earn!!! What a shocking and brilliant idea!!!

Sorry for the sarcasm, I can't help it.

BTW, altcoin mining is crashing a lot faster than BTCUSD growing.

No need to say sorry. I enjoy sarcasm, both giving and receiving. Yes you are right, alts took a hit against fiat as well, also my electricity company announced a price rise and these two factors have ended my mining exploits. Good luck to all those with cheaper power who can continue.

For the short term I'm still mining. Just not selling any of my coins. Oddly since I wrote the original message still haven't made anything. I am hashing a bit over 4 MHs and all the coins I'm getting, conversion value to BTC keeps dropping. In the event things turn around, I'll be well positioned to eventually sell my alt coins.

JR