I guess he is not selling any coin he is mining right now and the money he has, he is using to pay the bills as he goes, mining was profitable, last year was 100 days to get your money back, so he might be at loss today but last year he was up, so there is a balance there, fat cows last year, slim cows this year and hopefully fat cows next year, this is called planning cause everybody knows fat cows will lose weight and then regain it back and will lose again. That is how life is in general, ups and downs, need to be strong when cows are slim and wise when cows are fat.
I wish more people had this understanding. I can't wrap my mind around how some people just can't look at a longer term picture and only look at daily fiat profits. I can't say it enough ... If you're cashing out into fiat on a regular basis, mining isn't for you. Maybe it will work out in the end, maybe it won't. You don't get ahead in any business without taking risks.
It's very hard for me to look at the long term picture where I am paying on average 35 cents home mining with 31 gpus. Tier 3.
I think I'm losing $200 every month. Not sure how long I can keep this up. Just using my day job to cover electric cost and not selling a single coin
You're paying 35 cents usd/kwh? Where do you live? And yes, if that is the case, I wouldn't be mining even on a small scale. That's almost four times what I pay for electricity in the Midwest United States. I'm paying around 0.09-0.010 usd/kwh.
I don't know what kind of gpu's you are mining with, but we're mining with the exact number of gpu's ... I have 15 1070ti's, 6 Vega 56's, 2 1080's, and 8 1080ti's. At 80% tpd, it's costing me about $500/month ... That's with box fans, exhaust fan, ect.