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Re: SkepsiDyne Integrated Node - The Bitcoin Mining Company
by
handburger
on 16/09/2011, 16:35:09 UTC
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.