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November 11, 2014, 05:50:06 PM |
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So a little over a week ago mining was break even on the above algos. Now it's all negative, quite negative. I have a relatively low power rate of .1144, I can't imagine everyone else having much lower, so why is it so negative? All the big coins are super negative too. While there are some coins that are close to break even, most everything is in the red. Before a week ago it seemed like people would stop mining around break even so we would reach a equilibrium between power prices and mining return.
Did everyone run out and buy maxwells? What's the scoop? FPGAs?
There are some coins I'm mining that are still positive, but if the big hashing pools like nicehash/MMR/yaamp are all around the same baseline, something has to be up.
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