When bitcoin was 20k, Ethereum was 1200, Decred was 100... your electricity costs should have been covered for the next 5 years. Not trying to mean at all, but it sounds like your first crash in .... anything. Everything crashes, everything recovers. Crypto has been crashing for the past 5 years, and it’s sky rocketed to new heights every single time.
Best advice I can give: When the market is at an all time high, take out your initial investment and cover your costs. When the market crashes, stop checking coin market cap and go spend time with family and friends.
Nonsense. Bitcoin was at 20k for a minute. Bitcoins spectacular rise and fall all occurred in only a few months. Nov 2017 - Feb 2018. I made plenty of money but not enough to cover costs for 5 years..
I started mining in 2013 and stopped in disgust when Cryptsy stole all my coins.. My fault. Don't keep coins on an exchange. Lesson learned. I got back into mining in 2016. I have multiple rigs and asics. Most of it is already paid for. I'm not asking for advice.
I asked when are people going to start taking rigs offline. If it continues to drop I think we'll start to see a flood of cards on eBay.
I don't think that's necessarily a bad thing, let's more committed miners stay in and keeps the GPU market from being this weird shady aftermarket that it is currently. Ruining it for both miners and gamers trying to get the cards.
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