Quote from: d57heinz on August 13, 2018, 11:31:00 AM

Quote from: edwardceng on August 12, 2018, 07:47:48 AM

Quote from: davemanet on August 11, 2018, 09:16:43 AM

Are you guys going to hold on to your machines or start selling? Turn off for now and wait it out?

all of my rigs are still running until now sometimes I solo mining of shitcoins with a short time and selling all their coins and sometimes mining new coins before launching on the exchange market and those methods are still profitable after electricity costs.

as stated by other members above, mining is now dependent on electricity costs in each country. If the electricity in your country is higher than the income from mining, then you better sell it or turn off your rig.

Selling the rigs yes. But the plan is that this becomes unprofitable for most with one exception bitmain and their connections/back door deals. Checkout canaan new Avalonn mining devices. They making heaters and tv now with mining chips so that people in high energy areas can mine. Now the tv is stupid but the heater is a home run. Tv just adds to what its needed to run. Waste heat being reused is a no brainer. Ive been doing this for years with my s3. Ill continue to do that till they quit. So no we arent going to shut them down. Even if it costs me more to mine than whats its worth. It still makes a great heater. Now tell me again how are you going to compete against that and be profitable. Were all ears. Mining has become a rich mans trick. Beware!!!

BR

The Canaan Avalon 841 is a decent heater indeed. The thing isn't even profitable at the electricity costs I have in London. But for the winter it might work just as well as a Honeywell heat blower to get the laundry to dry quicker.