Quote from: ximae on November 21, 2018, 06:16:13 PM

Quote from: leowonderful on November 21, 2018, 05:00:04 PM

There's always going to be a group of miners that will remain profitable- that's just how mining works, and difficulty adjustments will make things more profitable eventually. Mining will always continue on major cryptocurrencies, as even if people stop mining, difficulty will eventually correct itself to make mining profitable again, and blocks will continue to be mined.

I've personally chosen to turn off essentially all my mining rigs and I am currently just purchasing and holding cryptocurrencies. Many others on this subforum have chosen to do the same. Just keep in mind that if you're mining at a loss, you're essentially buying coins at market price plus electrical and maintenance fees- not an ideal situation.

thats not actually true. I am basically mining at a loss now with the latest dumps, but getting free heating, im making around 0.00025 day btc using 300w and at 0.113 kwh means im basically buying btc at 3250, thats cheaper than the 3900 its at now.

You're correct, but not everybody mines for free heating, though it is true that mining for heat and crypto can be a viable option. It's been a relatively mild winter where I live, but for those who live in cooler environments this is absolutely a viable option. For those who don't mine for heat, though, if you're mining at a loss, you're better off buying coins.