Cripes,I'm dumbfounded,, I left CEX to come here about 3 months ago and was making over 6 dollars a block.
At that price I needed 2+ blocks to cover my power costs. now I need just over 4 blocks to cover my nut.
When the hashing skyrocketed a few days ago I would have need 10 blocks to break even.
With the historical average being 4-5 or 5-6 depending on whos doing the math this place has suddenly gone by the wayside.
With just over $3.00 a block there is no way I can make money here anymore.
So unless BTC jumps dramatically I'm afraid our days are done here.
My suggestion to everyboby here is to take a good look at your costs and be honest with yourself.
Are you REALLY making a profit or just hoping things will get better.
If the huge hash jump last weekend is any indication as to what is about to happen when these monster machines come on line next month
I think you better start getting your E-bay ads ready, I know I am.
Later
Bob
Its all about looking at it like the stock market. High highs and low lows.
I may have started mining to early. But iv got 2.4th/s for pretty much $400 CAD. With the cost if my kW/h at .08 makes easy to make money back. While running half my miners also onbfree electricity max over clock.
I think there's still tons of profit to be made just requires more hashing speed or more time consumption. In a matter of 1 day pretty much i made .08 btc I think. 1 day and 5-10 hrs iv now made .105 btc.
at this point in mining this will prove who the real miners are.
GOOD LUCK EVERYONE
Idk how precise this is. But here's some bad/good news
Next difficulty retarget occurs at block 322559.0 (eta 10.2 days): 33833345698.3 +13.4% [est.]