Yea, its only a matter of time before these and dudes with vast resources enter. Its natural.
I watched it happen with Verium.
https://goo.gl/images/o1phXgLooking at that let me tell you my experience. I crunched the numbers and found the sweet spot to be Dell T3500 with Xeon X5650 processors. Ordered a few off eBay for less than $200/each. While I don't have one of those XU4's I doubt they'd have the same punch per dollar as the T3500 (I compared the Monero hashrate of the i7 listed in the article with my X5650 to determine they were in broad stokes pretty equal and the XU4 was pulling about 1/9th the rate of the i7 at a cost of $50) . So I deployed several in my home in addition to my normal PC. When I bought them, they'd pull close to 2000 coins a day on average, now they average about 400 coins a day. Right now that's about 28 cents per day in BBP. They run 170 watts, so I am paying 44 cents a day in power per box. I would suspect most people mining are currently making little or even losing money unless they have very cheap power and that's not including amortizing hardware costs. But most miners are likely mining for the long haul. So they accept it might cost them a small premium to mine, but its easier to mine that buy in small quantities. And there is the hope that the coin will be successful and rise in value. But the nice thing about Biblepay is as long as it is GPU resistant, it's got a bright future if it can make it through these last few road blocks. So as the coin rises in price, more miners will enter, the difficulty will increase and I'll probably drop to 200 coins a day but still be bringing in 30 to 40 cents at that new price.
Agree to that point. My single Opteron workstation is doing about 1500 coins every 24 hours, but its pricey to run, and loud. I hope to move it to another room and make it the MN box.
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1438.7522