Topic: Chia Coin Mining become unprofitable - the coin has fallen in price by 3 times - page 4. (Read 2314 times)

Okay.. The decision is only up to you, but I have to tell you something. While chia can't list the coin anywhere, Utopia p2p listed both of their coins on a new exchange yesterday - Crypton and Utopia USD. I think it's a great step and it will be interesting to see how it will affect the coins.

It is better to make a mistake now and lose a few thousand dollars than to regret later that you did not invest in this coin.
If the price of the coin falls, then I will buy more.
I will have to wait a long time, at least until the first halving, but it's even interesting.
Of course, I do not advise beginners to do this, because they need to quickly recoup their investment.

It is better to make a mistake now and lose a few thousand dollars than to regret later that you did not invest in this coin.
If the price of the coin falls, then I will buy more.
I will have to wait a long time, at least until the first halving, but it's even interesting.
Of course, I do not advise beginners to do this, because they need to quickly recoup their investment.

Are you serious? I would never have thought that someone would decide to sell a more reliable coin for the sake of a new and supposedly promising one! I think you are mistaken about the prospects and profitability of Chia. There are greener and more promising projects

Right now I'm creating new not plots for Chia farming, and these plots are able to farm a lot of Chia forks:

Flax, HDD coin, Mint, Silicon and etc
You can check all Chia forks here: https://xchforks.com
Most of them haven't any price, but you can change them to Chia coin and make your farming more profitable.

I decided to mine the CHIA on video cards.
I sold ethereum and bought a CHIA
I think that it is very important to calculate on what is more profitable to mine a CHIA. Video cards are more versatile, and can mine a lot of coins, and for mining on hard drives, I know no more than 5 coins.
I understand that there are many more of these coins, but their price is now zero.

I decided to mine the CHIA on video cards.
I sold ethereum and bought a CHIA
I think that it is very important to calculate on what is more profitable to mine a CHIA. Video cards are more versatile, and can mine a lot of coins, and for mining on hard drives, I know no more than 5 coins.
I understand that there are many more of these coins, but their price is now zero.

I don't care about Chia price right now, I'm sure that price will gone grow to ATH at least in few months or may be after 1st halving Chia
gona set new price records as Bitcoin.

Forget it, actually not only chia but everything will only go up in the next cycle which will be around 3 to 5 years from now, so from here hehell even more, if you think chia price is low, wait till the bearrun really starts, expect 99% crash for 80% of altcoins, no altcoins will be safe, go and check all the major crashes we had in 2011, 2014 and 2018 and start learning, there still hope for you trolls.

I don't care about Chia price right now, I'm sure that price will gone grow to ATH at least in few months or may be after 1st halving Chia
gona set new price records as Bitcoin. I haven't big costs every month to hols my farm, that's why I'm ready to wait.
But I recognized that new NFT plots can farm a lot of Chia forks like: Flax, HDD coin, Silicon, Mint, Tranzact, Apple, Avocado and etc.
This fact makes Chia farming more profitable, and if you have such space of HDD as me you can farm these forks in solo.

Green Money for Digital World

Yes crazy because myself here saw people selling hdd in big amount.1st i wanted buy it then before buying im calculated: 34TB he was selling for 600$. Chia calc showing for 34TB is 1.25$ per day if diff stays like this. so i need 480days to ROI or it says 8month to find block if you lucky. in other hand i can buy chia coin for 160$. So for 600$ i can buy 4XCH which is more smart choice.instead spending all headache with hdd just buy coin and hodl if you believe this project will be good.

Hi everybody!
I'm from Russian Bitcointalk and I want to listen what English language crypto community thinking about XCH.
Right now in Kazakhstan im starting building the biggest XCH farming center.
We are going to create more than 50k plotts in the begging of this project.
I know that XCH price right now is too low, but I was waiting to this lows to start it and Im ready for 50-100USD price for Chia.
We are ready to farm for 3 years without any Chia cash outs, I think we need to wait the first halving and then we will see.
Also we are going to farm Chia forks.
What do you think about it? Am I crazy?
 

Hi everybody!
I'm from Russian Bitcointalk and I want to listen what English language crypto community thinking about XCH.
Right now in Kazakhstan im starting building the biggest XCH farming center.
We are going to create more than 50k plotts in the begging of this project.
I know that XCH price right now is too low, but I was waiting to this lows to start it and Im ready for 50-100USD price for Chia.
We are ready to farm for 3 years without any Chia cash outs, I think we need to wait the first halving and then we will see.
Also we are going to farm Chia forks.
What do you think about it? Am I crazy?
 

A few weeks ago, hard drives began to fall in price, and some models are already 2 times lower than the May values. Everything is clear here: over the past month, the price of Chia has fallen by 3 times.

It becomes obvious why there is no hype for hard drives. Even if you imagine that in 2 months you will receive your 2 coins (2 Chia per block), then this will give you only $ 530. While we spent nearly $ 6,000 on 5 drives. With ever-increasing complexity, with a random chance and a falling cryptocurrency in price, it is impossible to return the investment.

So let's think about what other coins we can mine and earn.

1. Dogecoin. New blocks are discovered approximately once every minute on the Dogecoin network. For comparison, Bitcoin blocks are discovered approximately once every 10 minutes.
2. Monero. A Monero block is mined every 2 minutes, and we know that the current reward for mining transaction block is 4.99 XMR. So, by doing the simple math, we know that 1 XMR is mined every 24 seconds.
3. Crypton. You will receive Cryptons every 15 minutes (block generation time). You will also get Proof of Stake rewards on your Minimal Monthly Balance.

On the whole, such coins are worth mining as they're more eco-friendly than Bitcoin is, it requires less time for mining and fewer investments for mining.

Which eco-coin do you prefer more? Or green coins are just kind of hype now?

Nope you called the crash since jan of 2021 it is now sept 2021 so far you are eight months off.

Gpus are simply not crashing till late 2022 or early 2023.



you made a good call on the 2018 crash. you warned about it dec-jan 2017

So far you crash calls for 2021 are a fail. take a break and start the crash call back up in feb of 2022.

Nope you called the crash since jan of 2021 it is now sept 2021 so far you are eight months off.

Gpus are simply not crashing till late 2022 or early 2023.