Some of us are investors who mined/bought because we see the value of the technology and support its potential.
Unfortunately, that 'mined' portion is going away as we speak.
This is true for people with more than 6c/kwh electricity price, which is probably the vast majority of geographic locations, at least in OECD countries.
It's EOL, unless BTC moves back above 6K or more.
yep I'm out..the only thing 'remotely' profitable is my 4 plus year old knc Titan scypt miners in the basement ..for heat. (lossing $25 a month but with heat calling it a draw).
that will continue till middle of april when my electric rates go up from winter rates of 10.14c kwh to 15.3c kwh or maybe more with a price increase. The titan as an asic
has a 'fluke' in that it can mine a scrypt-n coin vs just scrypt like LTC. Thus this works for some folk better (with less electric than myself) running Fujicoin (FJC) a BTC clone.
Go figure, but yeah kinda fitting that the last thing I will turn off, is the 4 year old knc titans.
A buddy with a data hall, with paid off and underclocked bitmain L3+ scrypt miners says that with electric rate hikes on such, LTC needs to go up 30% to 40% in price for
any mining at summer rates. I think he said with Bitmain S9 miners (BTC) it was kinda the same..but perhaps 25% increase in BTC price would pull that off, I'm unclear.
That will also be the time that mt. gox is gonna dump BTC back to the masses.
But yeah, looks like there is plenty of BTC and crypto out there of any flavor..so folk need to HODL more and/or adoption has to come back with price or this could get even more ugly.
brad