Quote from: shaxs on July 09, 2014, 07:15:47 PM

Quote from: timk225 on July 09, 2014, 07:07:26 PM

So shaxs, is this room anywhere near ROI with the new and improved 16.8 BILLION difficulty? Or are you ready to admit yet that you pissed away a ton of money on ASICs and other work with no chance of breaking even yet?

I like the work, I like the setup, but it just doesn't pay off. And it won't ROI for a long time unles BTC goes way up in price.

Actually, after renting out contracts, mining BTC, and selling equipment, I am pretty sure I have broken even. I need ot go update my ROI tracking spreadsheet to make sure.

But dont forget, in the end I now have a bigger shed to store stuff (after the miners) and an AC system I can move to my garage to work on my classic cars during the summer. So building the shed and having it paid for by miners has other benefits

and you started with btc coins under 500usd and coins are over 600 usd. so yeah buy and hold may have earned more but you would not have the shed. Also many people with buy and hold mentality have no understanding of active mining being a completely different tax animal. Plus a gear head tinker man's dream.

I look at the entire mining thing as this in the last 2 years. I had the bast pc's the best gpu's the best ssd's and I turned a small profit. All legally !

Plus i could get lucky and my remaining gear + coins could go up up and away. Nice work on the shed and the ants.