Quote from: vodafone228 on August 23, 2018, 06:56:01 PM

Quote from: DevelopmentBank on August 23, 2018, 11:47:53 AM

Quote from: DrG on August 22, 2018, 08:27:26 AM

If you spent $5 on electricity but only get $3 of XMR you're losing $2 of XMR you could have bought on an exchange. That's is completely irrespective of owning a miner or not.

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If your goal is to make fiat money from crypto conversion, then it never makes sense to mine at a loss. NEVER.

I see your point and it is logically valid. Howerver, mining is almost never irrespective of owning a miner or not. It does make sense to simply buy from an exchange, but you may not be considering the factor that people who already have a miner, are already too invested to accept that they have lost. People who are mining at a loss are probably still in denial or are too lazy or passive to realize that they need to sell their equipment.

Yes I think it's logical to stop mining at losss. But selling the rig or not is another question.

My thought is sell now, if you're shutting off your rigs. Why let them lose value while mining difficulty continues to rise while they are sitting there doing nothing and you are gaining nothing?