I heard the same crap from friends and co-workers back in December 2011 when BTC fell to $1.96 each from the all time high of $36.00 in June 2011. I heard the same thing when LTC was less than $0.11 each also after falling from about $1.00 high.

If you are trying to pay today's bills with current mining proceeds you're an idiot. Mining is about speculation. You are mining for future payouts, not current ones.

Trust me I had a number of people give me hell for going $1500 in the negative every month verses coin earnings by paying electricity bills while maintaining a personal 90 ghs gpu farm back in Dec 2011. Funny thing all of those $1.96 btc turned into $1200 BTC just recently. I caught the same crap when I flipped over my gpu farms to LTC when I upgraded to all ASIC for BTC. Again, all of those LTC turned into $35.00 each from sub $1.00.

If you cannot afford to support your gpu miners for at least 180 days, you need to get out.


~BCX~



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