1 Word. ok its not even a word.. HODL.
I feel the pain on the gpu (and asic) farming, we need to make mining great again.
A year ago people said dont buy GPU/ASIC, take the money and invest it in the coin instead. I didn't listen, I doubled down....
Well if you had followed that advice to take the same money instead of buying mining equipment, just buy coins at the prices a year ago --- you would of lost 60-70% of that investment. At least putting it into mining hardware, you have some coin, some experience (that will help in some way some day in a career, or side project), and you can keep running it in the 'red' and HODL. Don't bother trying to sell the gear on ebay - its like trying to sell your coin at the bottom, its just too late. Ride it out.
Totally False.
If you had sold all your GPUs one year ago (early Sept 2017), you would have been able to to buy coins at a price at, or lower than, what they are today (BTC was trading in the $2k region, ETH was trading almost exactly where we are now in low $200's). If you had bought coins and then sold at or near the highs which didn't come until December for BTC or January 2018 for ETH, you would have made way more than you could possibly mine in that same short time period. Also selling at the highs and re-buying now again at your original entry point, you would have not only made a ton of money, but also been able to buy back all your original coins. So no matter what you would have been in a better postillion than simply mining.
People who bought rigs one year ago and mined may have made a bit of profit during the run-up, possibly even paying off their gear, but they didn't make the equivalent to what someone who stuck to coins would have.
The only miners who really came out are the ones who were mining way before the start of 2017, when you could mine a block (5 ETH) every day or two with just one rig. So even people with a modest 3-4 rig setup were probably mining 10 ETH per day on average or 300 ETH per month. Yeah, they made out real well if they had the patience to wait it out and sell off near the top. Even selling at $1k per ETH would have made them a tasty $300,000 return on their 1 month pre-2017 mining. But miners just getting in mid-2017 the difficulty was already ramping up they might have had a month or two of profits, but that quickly dried up. Also the block reward reduction from 5 ETH to 3 ETH further put the pressure on profits.