BTC price shouldnt stop you from mining you just need to hold the coins until the price comes back up
I only off load my coins at the end of the month as its time to pay billls it is only the 5th so I am not to worried I am sure the price will come back up by the end of the month
If not then well I will just have to sit on them till it does I never exchange my BTC for less than $320 I would rather sit on them as a long term investment then be looking back one day and saying man I sold them for 250 and now they are worth 450
yes its a wet dream to imagine them over 1k like years ago not saying it couldnt happen. If it did I would be saying man I sold them at 400 haha
Remember that old kenny song
"you gots to know when to hold them, know when to fold them, know when to walk away , and know when to run" Thats what I did with the XPY rush I mined a ton rented a few rigs mined a ton more dumped them all as soon as they started sliding south and man I am so glad I was well informed of its pump and dump potential I rode that wave to the top then jumped off the backside before it crashed. Gots to say I made 4x times what i would have if i had been mining BTC those few days. Not saying XPY is a dead fish, it will flop around a bit before falling back in the water and my future telling hat says its a good bet to hover around 7$ per coin one day. They have alot of marketing and some VC investors behind them. And they are trying hard with paybase. It still screams pump and dump as of right now though.
As far as bitcoin volatility its all these investors causing it, to their own demise, everyone trying to make a buck off of it liquidating its value with short term cashout investments market manipulation and so on.
I tell you one thing if it does go near $200 I will be buying and holding.
My electricity is .10KW I pay about $90 a month for 1.5Th/s I just added 2 more s3's and a c1 this month so I expect my new bill to be about $140-160 I was earning about $270 a month with the 1.5ths I expect much more now I am running 3.5 th/s today was a great day at slushes If only every day could be like this I would be making a rather nice profit thats ove .06 BTC in roughly 24hrs like $17 at todays rates 17 x 30 ='s 510 minus electric (160) $350 profit (so profit is profit and there is no way I am shutting my miners down) even if it was only a $100 profit its still profit Have to ROI the hardware so cant shut them off hahaha i spent 860$ on the new hardware well plus a bit less than $300 for the PSU's
Now if every day could be as good as today I would be in heaven but theres been days here at slushes where there have been 27hr blocks and naturally those days kill me last month was horrible I only fetched $157 normally $270 for the 1.5 th/s light bill was $180 ($90 from mining)
If i could only setup a 10kw solar power system i would be all set
I live in florida so wind turbines are not a possibility not enough wind or else i would go out and get a bunch of boat wind turbines hahaha I need to move to washington by the hydro electric plants they have some of the cheapest electricity in the US
Or build my self a micro nuclear reactor in the back yard ( I am joking dont call the NSA on me )
Maybe move to saudi arabia dont they have free electricity ? I seen a apartment for rent here all utilities included fill it with miners, i wonder if they could terminate the lease because the electric bill go to high? That would be a first for the courts "well your honor i had to evict him for mining BTC"
Hell I bet my electric company already thinks I am growing pot or something surely my electric bill is double everyone else in the neighborhood not to mention the growhouse like exhaust fans in the windows hahaha
23376 2015-01-05 02:18:12 3:31:13 33989167304 9998280 0.00728615 337538 25.22617999 82 confirmations left
23375 2015-01-04 22:46:59 1:16:52 12287259975 3594613 0.00701987 337516 25.06428187 60 confirmations left
23374 2015-01-04 21:30:07 2:19:16 22322832311 6600165 0.00735157 337502 25.00926052 46 confirmations left
23373 2015-01-04 19:10:51 0:02:58 477591840 142128 0.00711907 337487 25.08785340 31 confirmations left <--- wow if only this could happen all day
23372 2015-01-04 19:07:53 0:17:07 2743872787 774593 0.00709074 337486 25.09218533 30 confirmations left <--- wow if only this could happen all day
23371 2015-01-04 18:50:46 6:55:24 66947974717 19790400 0.00734114 337483 25.09901854 27 confirmations left
23370 2015-01-04 11:55:22 2:47:50 27145471987 7998620 0.00716293 337433 25.07058308 confirmed
23369 2015-01-04 09:07:32 7:25:35 71356222019 21061223 0.00731794 337417 25.18287706 confirmed
23368 2015-01-04 01:41:57 4:33:39 43996283153 12819438 0.00721578 337359 25.05021708 confirmed
So the question now is ... Is our luck all burned up here comes the 27hr block?