Looks like every 2nd-3rd thread on here are people doing nothing but complaining about ROI periods, hardware cost, electricity cost, etc.
Nice to see them turn off their rig and keep the difficulty down.
I know that this might not be nice but there are hundreds of threads about the risks in mining and it was discussed numerious times how difficulty works, dangers in price decline, inefficiency of older hardware, etc.
Yet people still invested thousands and now they are complaining and in fact we had the SLOWEST difficulty growth last month compared to anytime in 7-8 months.
At least most of your hardware holds value in the 2nd hand markets. If you bought some Antminers from a year ago they would be worth only 10% of actual retail cost.
Sorry that your investments didn't work out, but mining in general is VERY competitive.
Nice to see them turn off their rig and keep the difficulty down.
I know that this might not be nice but there are hundreds of threads about the risks in mining and it was discussed numerious times how difficulty works, dangers in price decline, inefficiency of older hardware, etc.
Yet people still invested thousands and now they are complaining and in fact we had the SLOWEST difficulty growth last month compared to anytime in 7-8 months.
At least most of your hardware holds value in the 2nd hand markets. If you bought some Antminers from a year ago they would be worth only 10% of actual retail cost.
Sorry that your investments didn't work out, but mining in general is VERY competitive.