I'm sure many of you are wondering the same thing. There's a number of factors that are weighing in on my decision to stop mining.
I'm considering selling off about 20 gpus, and all other equipment, and two Terrahash BTC miners.
1. Price of LTC is down
2. Price of BTC is down
3. Difficulty is up
4. SUMMER HEAT is imminent!
5. All this results in a revenue per day rapidly decreasing to $1 per day per gpu. It doesn't sound like much, but it's $600 per month even with LTC at $11.
I've been mining since May 2013, and it's been interesting. But I'm pretty burned out now, and I'm not looking forward to the summer heat. My AC cannot handle all the gpus, so if I were to continue mining, I need to build a shed and get the gpus out of the house.
The funny thing is; I was mining LTC last summer when it was $2 per LTC. of course, each gpu was making about 0.8 LTC per day back then, so it was much more profitable.
What say ye, crypto [H] fellows? Is it time to quit mining and sell off the gear on the cusp of seeing a flood of used video cards on the market?
I'm considering selling off about 20 gpus, and all other equipment, and two Terrahash BTC miners.
1. Price of LTC is down
2. Price of BTC is down
3. Difficulty is up
4. SUMMER HEAT is imminent!
5. All this results in a revenue per day rapidly decreasing to $1 per day per gpu. It doesn't sound like much, but it's $600 per month even with LTC at $11.
I've been mining since May 2013, and it's been interesting. But I'm pretty burned out now, and I'm not looking forward to the summer heat. My AC cannot handle all the gpus, so if I were to continue mining, I need to build a shed and get the gpus out of the house.
The funny thing is; I was mining LTC last summer when it was $2 per LTC. of course, each gpu was making about 0.8 LTC per day back then, so it was much more profitable.
What say ye, crypto [H] fellows? Is it time to quit mining and sell off the gear on the cusp of seeing a flood of used video cards on the market?