Quote from: Albortz on May 12, 2018, 08:41:29 AM

Quote from: thiec on May 12, 2018, 04:03:34 AM

Quote from: Albortz on May 11, 2018, 09:14:35 PM

And my Miners are officially not profitable anymore Cheesy

-21 cents per day on 4 machines. Let see what the next weeks bring, maybe I turn them off if the price drops further or diff keeps climbing like that.

And yes, I also believe we should face that L4 is real and hashing. I fully believe humanity is stupid in general, but I doubt we find that many idiots buying L3++ in the last couple of weeks, that we can rule out the existence of L4 and blame diff increase on them...

We cannot force people to stop buying roster from bitmain, some people out there have different mindset from ours
Also bitmain will keep "playing" with the unit price

There is no shortcut for income, and mining with asic is a very very risky business especially for small miner

Of course, I am also crying on a first world problem lol My miners are from Batch 2/3 from last year. They paid off in crypto long time ago, but whatever mindset people have, even in the last 2 weeks or 4 weeks, calculators were showing 1year + ROI or something. Who would buy if you risk running over MC=MR

I doubt people with enough money to buy big are that careless with their moeny Cheesy

Did u check the price of Litecoin when u purchase your machines and the price of litecoin when u have broken even on your machine?

Because in general, the coin price has gotten alot more gain than the amount earned from mining. The coin price has probably risen a few times more lol. The worst is ether. U mine for 6 months to a year and break even but heck, the coin price risen more than 10 times in that period lol. Holding makes alot more. Ether was around 20 bucks in early 2017 if i remember right.

For example, if u bought say a bitcoin machine 2 months back, u would have gotten about a 16% return by now. But, if u just bought bitcoin at 5k+ and 6k+, an avg of around 6k, at current 8.4k price, u would have gotten a 40% return from holding. Thats 24% more. With this excess, u can buy all those mining purchase and have 24% extra money lol. And if price stagnates here, I reckon the ever rising mining difficulty will rise so much that the profit per month from mining will be very little anyways. And then the equipment price could go down, leading to increase in sales and huge increase in mining difficulty,etc.