Quote from: xstr8guy on October 05, 2014, 09:00:45 PM

Quote from: tss on October 05, 2014, 07:25:22 PM

Quote from: seriouscoin on October 05, 2014, 02:50:38 PM

Quote from: SirWizz on October 05, 2014, 01:07:59 PM

Quote from: Blazedout419 on October 05, 2014, 12:24:05 PM

Quote from: ajw7989 on October 05, 2014, 11:47:31 AM

No current miner is profitable at the rate btc price is going. The money you can buy btc with will be at least double what you would be able to mine with that same dollar value. If you buy hardware for a profit you need to rethink your strategy quickly

Depends...I buy used gear for BTC that with my free power makes more than I bought it for all the time. If you buy new stuff even with free power you lose. If I did not have free power there is no way I could get a positive ROI though. I know everyone likes to bash on people buying miners, but lets not forget it is good for the network. If we see months of decline in hashrate that is horrible for Bitcoin as a whole.

Maybe not? Hoping the price dives under $100 for a while so the big guys have to close shop Grin

.

Did you miss the points above completely? All the home/small miners close shop first.

you missed the point. small home miners will mine coins as a hobby, forever, because they believe in the idea, just like before. big miners shut down when they cant pay their bills.

That may be true for a home miner with a couple of S3s. But what about a home miner with a relatively large farm? I certainly can't justify or afford to pay my $1700 electric bill every month if I'm not making any money in return.

I shrink my farm from 6k watts to 1.1kwatts and in 60-75 days I turn it off.