Re: the real, actual, true, accurate reason the price dropped
I'd fall into that category but I never held any coins, always sold in 1 to 2 BTC increments as I earned it. I did just get to the break-even point a few days ago. Any miner that held the coins with the intention of getting a free video card should have done the same, holding coins was a bad gamble.
To date I've sold 55 BTC for a total or 816.77 USD. Not bad at all. Thanks BTC investors.
Also, you all can rejoice that I've stopped mining and removed 1.2 GH from the mix. Current market prices aren't worth it when electric is $0.15 kWh (thanks Progress Florida), even though it'd be profit from this point.
To date I've sold 55 BTC for a total or 816.77 USD. Not bad at all. Thanks BTC investors.
Also, you all can rejoice that I've stopped mining and removed 1.2 GH from the mix. Current market prices aren't worth it when electric is $0.15 kWh (thanks Progress Florida), even though it'd be profit from this point.
You know you don't get paid USD for mining, right?
it's not a loss until you sell it. So if you ever think that the price of BTC at any point in the future will rise into the retroactively profitable range, keep mining.