Syke (OP)
Legendary
 Offline
Activity: 3878
Merit: 1193
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January 13, 2015, 06:02:22 AM |
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The difficulty increase combined with the price drop has me turning off another batch of miners. How about you?
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Buy & Hold
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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btckold24
Sr. Member
Offline
Activity: 434
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
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January 13, 2015, 06:24:43 AM |
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I went from having 4 miners 2.8 th - to zero - sold them off on ebay and need bitcoin to go back to $600 if I will to have made money off the deal as electricity and cost of the miners happened when btc was over 500$  |
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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January 13, 2015, 11:19:27 AM |
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The difficulty increase combined with the price drop has me turning off another batch of miners. How about you?
I will retire unprofitable miners. At the moment nearly all mining asic's are becoming so. |
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mindtrip
Legendary
Offline
Activity: 1167
Merit: 1009
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January 13, 2015, 02:39:09 PM |
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Not worried, I have just a few miners but the price will rally back up quickly and the electric is low for winter.
Agree need to look at this as a long term investment not a day to day price comparison. Winners don't give up! |
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MarketNeutral
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January 13, 2015, 03:36:24 PM |
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I run my miners till they die, electricity costs be damned.
I had my last Sapphire 7950 GPU finally die on me late last year. It had been running at 90 degrees nonstop for 3 years. It hadn't hashed any SHA-256d in a while, but it held up well considering how hard I ran it. Can't believe it lasted as long as it did.
Last week, I had my first Block Erupter die. No real loss. The rest are still hashing, despite their negligible speed.
I've also had one USB AntMiner die some time around the new year.
Amazingly, my fleet of BFL miners are still hashing, except for one Jalapeño that stopped working last November. But it was problematic from the beginning, so I'm happy it lasted as long as it did.
Never had a blade die on me, but they're starting to show their age, so it's only a matter of time.
The newer miners, I hope, last as long as the older ones have.
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takagari
Legendary
Offline
Activity: 1050
Merit: 1000
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January 13, 2015, 04:18:18 PM |
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My prisma breaks even on monthly power usage in 6 days, so I'm not getting rich.
but we have super cheap power
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RoadStress
Legendary
Offline
Activity: 1904
Merit: 1007
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January 13, 2015, 07:11:43 PM |
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Nothing is turned off for me. Just underclocked some and at $200/BTC I am underclocking the rest of them. At $100/BTC I am turning off miners.
Edit: But difficulty might go down again which is good.
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Xian01
Legendary
Offline
Activity: 1652
Merit: 1067
Christian Antkow
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January 14, 2015, 01:04:39 AM |
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Ain't gonna lie, starting to think about shutting down, putting my wallet into cold storage, and forget about Bitcoin for a decade.
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siampumpkin
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January 14, 2015, 02:37:13 AM |
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Turned off my miners. Where I live the power costs are too high for the current price and difficulty.  |
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TechnoBibble
Member
Offline
Activity: 179
Merit: 10
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January 14, 2015, 03:43:55 AM |
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Wont turning of miners just drop the price even further though?
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jyrine
Newbie
Offline
Activity: 5
Merit: 0
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January 14, 2015, 03:49:33 AM |
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For those of you selling off your miners, contact me first before ebay or craigslist and we can try to work something out.
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bbxx
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January 14, 2015, 10:58:01 AM |
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i turned off my asicminer TUBE  |
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tolip_wen
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January 14, 2015, 12:11:13 PM |
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GPUs are now just gaming Block erupters sleepin BFLs sleepin kfc 28nm sleepin kfc 20nm getting sleepy I havent looked in many months but also have 1G a CEX and they have not sent me a bill for power yet... Last I checked(July '14) the 1G was barely makin dust after 'fees'... I did back of the envelope @ BTC $300 and decided $200 enters the grey area for my situation. Not sure if I'll pack it in or throw good money after bad on the chance of a windfall price change. The fact that I save over $100 a month on winter heating has a 1 month grace period being considered... LOL 'the best laid plans of mice and men...' YMMV |
'twisted research and opinion' donations happily accepted @ 13362fxFAdrhagmCvSmFy4WoHrNRPG2V57 My sub 1337 vanity address  |
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guitarplinker
Legendary
Offline
Activity: 1694
Merit: 1024
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January 14, 2015, 01:00:51 PM |
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GPUs are now just gaming Block erupters sleepin BFLs sleepin kfc 28nm sleepin kfc 20nm getting sleepy I havent looked in many months but also have 1G a CEX and they have not sent me a bill for power yet... Last I checked(July '14) the 1G was barely makin dust after 'fees'... I did back of the envelope @ BTC $300 and decided $200 enters the grey area for my situation. Not sure if I'll pack it in or throw good money after bad on the chance of a windfall price change. The fact that I save over $100 a month on winter heating has a 1 month grace period being considered... LOL 'the best laid plans of mice and men...' YMMV Your 1GH/s at Cex isn't doing anything right now, they've paused their cloud mining because they can't make a profit with the bitcoin price and rising difficulty. So you aren't making or losing money there. |
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seriouscoin
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January 14, 2015, 01:28:48 PM |
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Ain't gonna lie, starting to think about shutting down, putting my wallet into cold storage, and forget about Bitcoin for a decade.
wait, so you've not used cold storage? lol you're too brave. |
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makngeerwork
Full Member
Offline
Activity: 141
Merit: 100
???
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January 14, 2015, 04:11:13 PM |
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You folks are still buying mining gear? You did not sell out 500-900 range? Time to rethink that strategy!
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neo9436
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January 14, 2015, 06:10:11 PM |
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I've shutdown all my miners, at $0.15 per kw it's just not worth it. I'm on the fence whether or not I sell my rigs.
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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January 14, 2015, 09:48:39 PM |
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are big farm making money, with the current price? would be interesting to know if they will shut down too
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Unacceptable
Legendary
Offline
Activity: 2212
Merit: 1001
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January 14, 2015, 11:39:18 PM |
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are big farm making money, with the current price? would be interesting to know if they will shut down too
Only if their power is .02 per kwh  I'm hoping BTC will stay low for a few months to "weed" out these corp miners  Come on $100 or lower even I'm in LTC with 35mh,I'll run em till they burn!!!  May even get my GPU's back up for x 15 or something |
"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole." -Raylan Givens Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan |
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RoadStress
Legendary
Offline
Activity: 1904
Merit: 1007
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January 15, 2015, 12:36:04 AM |
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What I find funny is that the more people turning off hardware right now the harder it makes for the rest of the network to survive. If we lose 50% of the hashpower tomorrow it will take 1 month to get to the next difficulty re-target which will make it harder for miners to pay the power fees.
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