From A Miner’s Perspective

These are difficult times for miners, but I wanted to share my perspective and how its going. A lot of guys are at (or already reached a week or so ago) the point where mining is no longer profitable. For me profit means BTC mined minus electricity, light maintenance, and rent costs. Other have their own various formulas.

I’ve always sold only enough BTC to cover said costs and bank the rest. However in times such as these I have to pony up cash to subsidize the operation. My choice is to do that and consider it my additional investment in BTC. I also will not sell ANY BTC, then, and just bag it all.

I know a few guys who shut off their least efficient machines for now, and one who chose to shutter HALF of his machines for the time being. We all have our ways to cope. Some bail and sell everything and say “goodbye” to mining altogether.

With all the negativity flying around this week, I thought another perspective may shine some light.