So, as you can see, this is simple math, but it speaks volumes.
I trust you have run the numbers for other mining outfits - I'm wondering if any mining op could really have been expected to maintain its network hash rate or otherwise keep up with the exponential increase in difficulty over the last year. How have others done?
I haven't done so. But I doubt any have done better than LRM. Better or worse, it wouldn't matter as an investment. All one can do it seems is hope difficulty slows down dramatically, and/or that LR can get a lot more hardware really really cheap. And I suspect that there is a fair chance that LR will have access to near cost hardware or at least very reduced prices. Otherwise, what's the point for the news.