Well I made plenty of $$, so can’t complain…what does worry me is 1) bitmain put out so many toasters and so centralized in mining pow-scrypt that NOW with the price dump…THE LATEST AVAILABLE PRODUCT for pow scrypt makes below:
10c a day, after electric ( i should not complain it was -19c a few days back on low LTC price)
|24 hours|0.02325045 LTC|2.79 USD|2.69 USD|0.10 USD|
|7 days|0.16275318 LTC|19.53 USD|18.82 USD|0.71 USD|
|30 days|0.69751362 LTC|83.70 USD|80.64 USD|3.06 USD|
thus, CAN a protocol like pow-scrypt survive with high equipment prices…the asic maker like last nov till march mining and driving dificulty up by 50% or more before releasing pre-orders end of march 2018?
and again, they continue to try and sell an L3+ for like $520 and it makes 10c a day?
Myself, punted to my other ‘hoard’ of stuff LISK pos coin at 8,000 Lisk that is 80 LISK staking a month
if it gets back to 10 bucks…seems a better way to mine IMHO,
so yeah, people, large pow miners like me, MAY get a hobby unit to heat the basement for fun
but we are out of any long term big miner risks now…bitmain has gamed all asic’s to a point it no longer
makes any sense and further centralization of mining power. Indeed what would happen if bitmain
has the ‘supposed’ 1.5gh pow-scrypt miner on the shelf? and did the usual we will mine it for 4-5 months
over the summer and let you purchase a pre-order for late fall say…at these prices …sh*t everyone will walk
to another coin and away from pow-scrypt…monopolies tend to sh*t in their own ecosystem…so bitmain could
find themselves with NO customers and a much more weak LTC in value and useage as a result…will be
damn hard to support LTC if Bitmain becomes the main winner in all this…again, I’m probably walking…
I always liked being a ‘hobby miner’ anyway…time to go back