Especially since those ASICs they're pre-ordering will naturally drive difficulty up when they finally get them.
LTC trading at $3.68 as I type this, terrible.
I'm sure KNC are getting swamped with people demanding a refund for those 10 grand Titans.
Well I am done.
Just sold off the last of my KNC miners after the last difficulty increase.
Sold off all the GPUs months ago.
Power availability at my home is what finally shut me down.
To keep increasing hash rate and stay profitable, which I had been able to do by selling off the older, slower power hogs at just the right time and buying used but better stuff from folks doing the same as me, I had to have more juice at the wall.
My basement is limited to about 6.5kW safely at 120V and the next step up in HW was going to require some electrical work at the panel.
Just decided that the extra basement heat wasn't worth it even with an average of $20 a day profit.
Probably would have been $1,500 worth of electrical and an "artful" explanation to the wife why we needed the work done
It was fun, but the time spent watching for used equipment sales, hocking old equipment and keeping the rigs running full steam began to be a burden, so not worth it.