Searing, dont worry, heres what most likely will happen:
Price of LTC vs BTC will continue to drop, like it has consistently for over a year or so.
People w/ new ASICs will continue to dump .. dropping the price even faster.
Difficulty will rise substantially.
Hopefully diff will rise fast enough that Bitmain never ROI's(because people hopefully stop buying) on their creation of a Scrypt ASIC(all god damn crypto ASIC manufactures should just die already.)
Titans and other old equip will be dumped.
Diff will peak then start to come back down due to LTC price being so low, Im thinking by the time all the above happens probably we be at .002btc
Miners who bought new ASICs relearn the hard lesson again that buying new ASICs at full price(usually only option).... often enough, results in really never ROI'ing
Year or 2 later....
New hardware is announced and the vicious cycle starts again ... oh and theres the reward halving =P
Its quite a stupid race really. The trick is getting in at a very advantageous point and then getting out soon as that advantage is gone.
For me, Titan will probably be the last ASIC I ever own ... then sadly this hobby will be dead for me ... which really fucking sucks =(
I agree Titan is 'dead man walking' IF the price were to pump and IF Bitmain was to have gaps to mine their data halls (like say between L3 and L4) the usual rinse/wash/repeat
they do ...Bitmain data hall first...big data halls in china 2nd ....Chinese folk next..then we hear about this a month after that in the rest of the world.
But at this price it is about PRICE...my only hope to extend my knc titan's demise to what they have always longed for ..ie bricking themselves into doorstops'
would be a combo of that gap between l3,l4,l5 that game bitmain plays and LTC price goes back to above 0.005 ltc to btc (I wish 0.008 ltc to btc)
Unless that happens above the L3 won't even ROI imho ...another Bitmain version say an L4 will come out before and plow right past them too
with out some kinda combo of the above..my titans won't make space heaters for next winter (hey its an option to save 1200 a year in heat)
IF IT REALLY IS Toaster city and bitmain just floods them out...then the L3 imho will be in the same postion as a knc titan by nov/dec this year imho
killed by the next L4 or whatever pumping out at that point of time.
So being a dead (or soon to be) zombie knc titan miner with ROI meant...all the above is out of my control..at least at my 11c (winter) and 13c (summer) ave electric
price between data hall stuff and home....
Any Large whales out there in 3-4c kwh land that wants a good deal on space heaters. I hear it can get 'chilly' in Oregon...use the Titans keep all your new L3's toasty
But hell I got my first miner in nov 2014 and all other equip ROI'd a while back ....not to mention the knc liguidation stuff has all ROI'd from last summer to boot...so as
of when the titans came out in nov 2014 that is maybe I can stretch it out to 2 1/2 years....I mean how lucky can a smuck be .....that was ridiculous...
probably best I just mine like hell till they all croak..and use the cubes for 'doorstops', 'bookends' 'paperweights' 'rowboat anchors' 'kitty litter box' use near an open
WI FI and a lake as 'ice fishing house space heaters' see endless possibilities
But gonna hold off on the L3 ...I think they are testing the waters.....after this coming difficulty wave washes most of us away .they will bring out the big guns in
a beefed up L4 imho in the fall......hey its what Bitmain does....any body else did scrypt we could have a shot at riding it out..but bitmain is just too damn big
If I'm wrong about the L3 I have BTC .....If I'm right about the L3 not being where to jump in (if any miner ever again is) I have coin....
We also serve who 'grovel and hide' hoarding ........ So I'm waiting the 'pucker' factor on jumping in on an L3 at a 14 month roi on the hope of a price pump is just
way to high at my 10c kwh rate (winter) and 13c kwh rate (summer)
I salute those getting an L3...I'll be the guy cowering in the corner with popcorn watching...with the knc titan terminal illness ....
(off to cry now)