Quote from: nelisky on September 09, 2011, 05:15:59 PM

Quote from: molecular on September 09, 2011, 05:08:27 PM

That logic is flawed. If power cost is higher than the value of the BTC produced, it's simply more profitable to just buy BTC instead of mining them.

I agree with molecular, but that's not the whole picture; I have a two month billing cycle, so I mine now and pay up to 60 days from now. Lots of time to convert to cash at the best rates (when the market isn't plummeting) and even do a little speculation of my own. No new 'out of pocket' money unless I'm mining at really large loss, bitcoins pay for it all, all the time.

Of course if I'm mining at a loss then the 60 day buffer with get me and I'll end up with 60 days of used electricity I don't have the bitcoins to pay, because I used the ones produced in the last cycle to pay the previous one...

Uuuuh. You're living on the edge there. It's probably an arrogant thing to say, but one should always have some buffers of liquidity ready for such cases. If you had that, you could make more money or in a safer way or both, right?