Spent my life savings starting a cryptocurrency farm late last year. I never thought it could possibly go so low...

Spent my life savings starting a cryptocurrency farm late last year. I never thought it could possibly go so low. My partner pulled out and now I have to shut down because I can't afford rent. $100k down the drain and the landlords are probably going to sue me since I have to break the lease.

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I have a small farm just in a room but its still profitable. What was your setup?

Still better than the people who will never buy until theyre getting their paychecks in crypto

Rented a 1800 sqft warehouse and installed 80 sockets. It's way too big. I mainly bought these stupid D3s that make .50 a day.

If I stay there I lose $1000 a month in rent.

Sorry fren. Thats a lot in rent. Some warehouses switched to renting out space to other miners to try to make due.

I wish I could do that, but I don’t have enough money to keep it going long enough. Electricity is cheaper in other places anyway. It’s about 7-8 cents where I am. It’s 4 cents in Washington.

Just start growing weed

Why did you buy d3s did you wanna mine dash? I bought some of those and sold them at a profit before I got them back in dec. I’d try and find someone to take over your lease

RIP in peace OP, hope your next venture works out better

>he didn't farm silk worms

Why the fuck would you mine there then? That’s way too high if you’re mining as a business venture. Sounds like you didn’t do enough research before you got started.

I bought the D3s when profit was over $100 a day. I didn’t think it would stay that high forever, but by the time I got my miners it was only $4 a day. I barely made back anything.

Because it’s the cheapest rate in my area without having to relocate to another state.

Well, being comfy not feeling like moving to a business frienely state doesn't really help being profitable...

bro you need to do more research lesson learned

lmao this shits only viable in 3rd world shitholes where electricity is basically free. what were u thinking

You americans are retards, how can you not profit with power at 8 fucking cents?

thanks

answer OP

why are you lucky enough to piss away 100k

how did you get that money to begin with

>inb4 " I own several properties from my jewish family"

kys

Hard work and savings. I’ve been working 7 days a week for about 5 years now. I haven’t had a vacation since 2012.

>I haven’t had a vacation since 2012.

and now you will never have a vacation ever again

Send some to me. I'll mine into your wallet. We split it 50/50. Electric will come out of my half

I kind of wish I didn't have family or a GF so I could hero.

why D3? Had you bought GTX 1080's you'd be at least be able to sell that off to thirsty gamers to recoup your initial investment. Now you are stuck with worthless space heaters.

Should have farmed shrimp could have been a lot more profitable

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The original plan was to get GPUs but they were so overpriced and then the GPU market started to fall.

I played some ether shrimp farm

Well OP, sounds like an expensive lesson. FOMO is a very powerful emotion that can even supersede logic. Now it's time for you to stop feeling sorry for yourself, liquidate what you can and move on. At least you didn't lose a limb, or fall on your head, or countless other things that you can't recover from. You have the wisdom and experience of this failed endeavor, and you made it out in one piece to tell the tale. Good luck in the future.

why would you

who told you to spend that much on mining ?

fuck dude I had co workers who lost 9k but ur totally fucked

google

Jow Forums Shubiouy

You planned your thing so badly that I'm not even sorry.

Nobody puts his life savings in something as uncertain as this.