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?
If I am going to choose to mine a coin, I would rather go for dogecoin, because every minute it mined through new block discovered.
And I don't have any idea about in CHIA, except for checking it now at the coingecko where it was 192$ each, this is the first time I heard about it. So if the coin development is not doing any good for you, I think its about time for you to find an alternative way to mine other coins. Besides, there are more coins better than this CHIA and cheap but profitable.
