The Jig Is Up
After 5 months of continuous operation, someone finally noticed my Antminer S1 in the patch cupboard, and made an official complaint. I have nowhere else I can put it, so I'm afraid I have to switch it off.
This is perhaps fitting, as I am now generating only 0.001 BTC per day, which is currently worth approximately 0.44 AUD. My electricity costs are approximately 1.45 AUD per day, so I would be losing money to keep it running.
As for what to do next, I'm not really sure. I have 3 BTC in paper wallets stored in a safe. I have another 1 BTC stored in various offline and online wallets. BTC is trending downwards at the moment.
The Antminer S1 was my best effort yet, but I'm still struggling to achieve anything more than academic value out of my mining efforts. Academic is cool, and I'm pleased to be contributing to the network, but this hobby is getting expensive.
I guess you had a fair run with the S1. If factoring in electricity costs you would have probably taken it offline over a month ago. Am I right to assume you're not going to continue mining? Or do you have some future plans?
Cheers.