Impending doom... how close are you to turning off your rigs?

[dragonmike]

I must admit, at $0.21 per KW.h, running my 4.5Mh rig is now getting awfully close to pointlessness.

Coin prices are only going down, I can't even store the value of the coins I mine. It's depressing... 

How close are you to calling it an eBay candidate?

[CryptoGretzky]

Then you guys should look at mining X11 algorithm coins.   Almost half the energy, less heat, less noise.

[Wipeout2097]

I'm switching my power contract to pay per Kw/h at 0.17€ day/0.07€ night and weekend. Then I'll only mine on low cost period, except after good coin launches.

Then I suspect most don't optimize for power consumption, just prefer to max out hash rate. Why don't you undervolt your cards even down to 0.9V?

[kocur]

switch to Hirocoin / half energy as scrypt / or PoS...or wait until BTC rise to 700 at least

[atp1916]

Only .105c / kwh on my end.  It's still quite profitable to mine...and all my hardware is paid off and has been paid off since December thanks to that altcoin explosion.  In fact, given all the cheap 7950s i see on Ebay (MSI TF3s for $200!) i will be expanding even.  

I don't see the cup half-empty on this one, but rather the other way around.  

BTC will weather the reactionary effects of the world's governments because the bitcoin protocol is quite excellent for increasing the liquidity of money movement around the globe.  In the same way that the internet revolutionized communication, so will digital value transmitters revolutionize the money transmitting process by removing the croonie middlemen who artificially inflate / slow down that process.

Bitcoin may be the first, but it won't be the last...and that is why it is a mistake to sell your farms off!

[durnkenWiz]

  hiro <3




artwork: rze @ HPTDLZsPnSYEmhmVCGbS1LBhbENu8rCrEi

[dragonmike]

Yeah, you might be right... If you had to choose which cryptocurrency to keep/store your mining proceeds in... which would it be?

ALSO, is there a way to calculate profitability of any of those X11 coins?

[soulnecturn]

ehhh yeah hard times... My 40 cards (25 r9 290 and 15 r9 280x) are all undervolted.
I am paying 0.22 usd for electricity ... so yeah pretty close meeting the point (but hell I am paying additinally for local - ~330usd monthly :/ so shit additional cost...)...

Anyway since almost week I mined vert... since yesterday I am divided - all r9 280x cards mining Verts (3750W sucking total) and all 25 r9 290 are mining DarkCoin (4200-4300W) ... so total ~8kwh sucking currently from all cards...
So yeah DRK is cheaper when selling but more less almost same profitable in the end for me basing on my electricity costs...

IF somehow way more harder days come I guess will just switch to DRK (or other X11 scrypt coin) at full .. so I should suck less then 7kwh totally - so will be safest for me if I would be risking to keep mining in those times...

Well yeah WE MUST BELIEVE... Unfortunatelly my cards didnt yet paid ... more like I almost nothing from my investment yet gave profit But just looking into future for better days to get the cards paid at least... like some has ... then I will be calm even when next dip will happen...

So thats my plan...

P.S. For sure I will not get back to mining any SCRYPT based coins ... recent info of ASICS simply killing this idea as profitable at all (yes even now when they are not yet delivered but still lets remember developers of ASICS for SURE testing them now... )...

Lets keep hard and with believes - only this we got We need to support each other

[Omikifuse]

Already did, tried darkcoin although it save about 40% of the electric but revenue is also less. In the end its the same...