And just to drive that point home even further, the S11 when I received in April were earning something like $50 a day in profit.  Today they're making about $8 in profit.  So, what originally would have been about 4-month ROI has now disintegrated into a harsh reality that I will likely never break even.  I knew full well going in that mining revenue would decline over time, but the market was instantly flooded with too much hardware and total hashrate tripled in about 6 weeks.  The fact the S11 now sells for less than half what I paid 8 weeks ago just shows you how much profit they're making on selling these units.

Add to that the overall decline in cryptocurrencies in general, and things are grim.  Only thing I can do now is mine while I still exceed electricity costs, and HODL hoping the value of the coin will rebound down the road so I can recoup my initial investment.  The only bright side is that profitability for the competing Bitmain A3 ASIC has gone negative so many of them are getting shut down by their owners and the total hashrate has started dropping the last few days.