Quote from: boonies4u on September 16, 2011, 11:59:34 AM

Quote from: Syke on September 16, 2011, 08:21:41 AM

Quote from: Tawsix on September 16, 2011, 05:45:08 AM

I apologize for the delay, but the truth of the matter is that at current prices of BTC, we will have operated in the past week at a slight deficit. I am waiting for BTC to go back up in price to at least cover the cost of operation. I do round up when I calculate energy costs, so we won't be going into the negative financially. I have confidence that Bitcoins will rebound from this slump. I will update further once the situation is resolved.

Where do you live, Hawaii? Break-even is around $.20/kwh on a decent rig. The days of running a farm with electricity rates that high are over. Liquidate your hardware now.

Without consulting the shareholders?

I think Tawsix has no responsibility to notify us if he decides to liquidate and distribute the money to shareholders if he feels it is best for shareholders. Personally I think he should hold off a while as difficulty is bound to plummet and it may be profitable again.