Chia Coin Mining become unprofitable - the coin has fallen in price by 3 times - page 6.

Sethrey

jr. member

Activity: 916

Merit: 1

Quote from: miner29 on August 20, 2021, 08:28:04 AM

Not sure why you bring this one up….is it mineable?

It's just interesting for me as I never met a coin that is stable and private at once. Maybe it's something that may be really useful for crypto addicted who wants to save their earnings anonymously and in a stable rate.

bitcoin-shark

hero member

Activity: 2968

Merit: 605

chia at the beginning, at launch was a good coin to mine its value was high and little space was needed, then the value dropped and more and more people began to mine it now to be able to earn something decently it is necessary to provide at least 50 tetrabite of hard disk space and perhaps the investment is no longer recoverable in a short time, for now as long as it is possible i prefer to mine eth

miner29

full member

Activity: 1275

Merit: 141

Quote from: Starkick on August 24, 2021, 05:41:54 AM

Quote from: miner29 on August 20, 2021, 08:28:04 AM

Quote from: Sethrey on August 20, 2021, 05:36:44 AM

Quote from: Branko on August 12, 2021, 03:34:36 AM

CRP, $400k marketcap shitcoin...are you serious?

What will you say about UUSD stablecoin? It is designed to maintain 1:1 parity with the US Dollar. Utopia USD is an anonymous, secure, instant and liquid payment method. It's value is backed by DAI cryptocurrency. Isn't it the currency of future?

Not sure why you bring this one up….is it mineable?

I think that, moreover, this project seems to me quite reliable and, in turn, promises privacy, in addition to the stability of the course.

So that is a NO this coin is not mineable.

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: miner29 on August 20, 2021, 08:28:04 AM

Quote from: Sethrey on August 20, 2021, 05:36:44 AM

Quote from: Branko on August 12, 2021, 03:34:36 AM

CRP, $400k marketcap shitcoin...are you serious?

What will you say about UUSD stablecoin? It is designed to maintain 1:1 parity with the US Dollar. Utopia USD is an anonymous, secure, instant and liquid payment method. It's value is backed by DAI cryptocurrency. Isn't it the currency of future?

Not sure why you bring this one up….is it mineable?

I think that, moreover, this project seems to me quite reliable and, in turn, promises privacy, in addition to the stability of the course.

Branko

sr. member

Activity: 2632

Merit: 328

Quote from: HashingTower on August 20, 2021, 11:46:19 AM

Chia mining is a waste of money on HDD and SSD unless you can get 100s of tera bytes for cheap price though, imagine 100tb giving you 150$ per month? That's so stupid lol, 20TB costs 745$ on Amazon store that's enough to get you decent GPU that will give you 150$ per month, the exact amount you will get with 100TB on chia mining

Only a fool would use GPU for mining when you can use HDDs that spend much less energy. Smart people pay less than $300 per 20TB, and use RAM disk instead SSD

HashingTower

member

Activity: 285

Merit: 11

$CYBERCASH METAVERSE

Chia mining is a waste of money on HDD and SSD unless you can get 100s of tera bytes for cheap price though, imagine 100tb giving you 150$ per month? That's so stupid lol, 20TB costs 745$ on Amazon store that's enough to get you decent GPU that will give you 150$ per month, the exact amount you will get with 100TB on chia mining

0verseer

full member

Activity: 480

Merit: 106

It burns thru hard drives too fast and users avoid CHIA abused drives like plague since no one wants to risk the safety of their data with things like that. Meaning it is very hard to recoup your investment like with mining GPU. Take with the randomness in mining CHIA like someone already said in this thread then it is no wonder that coin doesn't worth all the hassle. That's why it's going downhill.

miner29

full member

Activity: 1275

Merit: 141

Quote from: Sethrey on August 20, 2021, 05:36:44 AM

Quote from: Branko on August 12, 2021, 03:34:36 AM

CRP, $400k marketcap shitcoin...are you serious?

What will you say about UUSD stablecoin? It is designed to maintain 1:1 parity with the US Dollar. Utopia USD is an anonymous, secure, instant and liquid payment method. It's value is backed by DAI cryptocurrency. Isn't it the currency of future?

Not sure why you bring this one up….is it mineable?

Sethrey

jr. member

Activity: 916

Merit: 1

Quote from: Branko on August 12, 2021, 03:34:36 AM

CRP, $400k marketcap shitcoin...are you serious?

What will you say about UUSD stablecoin? It is designed to maintain 1:1 parity with the US Dollar. Utopia USD is an anonymous, secure, instant and liquid payment method. It's value is backed by DAI cryptocurrency. Isn't it the currency of future?

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: Branko on August 12, 2021, 03:34:36 AM

Quote from: Sethrey on August 11, 2021, 05:38:22 AM

Quote from: fmz89 on August 11, 2021, 01:27:42 AM

chia profitable only for early adopter, because the growing hdd mining is exponential, and plotting took really long for starter, and random rewards make more gambling rather than mining, even pool helping this things.....

I don't think that anything can help it anyhow to survive. Time shows that it's epoch is coming to an end as the coin is slowly dying. Everyone who wanted to earn money on it - already did that. So I believe more in coins like Crypton as it's self-financed, free to mine and more people are dedicated to it due to the huge promo action that is running now. At least no one will lose money on it.

CRP, $400k marketcap shitcoin...are you serious?

And what can you say about the huge number of complaints from crypto enthusiasts who lost too much money after mining and chia and did not receive actual profit. Read Twitter - there is all the information there.

OurManInHavana

member

Activity: 91

Merit: 10

Quote from: Sethrey on July 06, 2021, 03:49:48 AM

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

If you're worried about being eco/green, then you're limited to PoS coins. So you should be PoW mining ETH now... and staking it in a 2.0 pool.

Evgenklm

member

Activity: 896

Merit: 17

I have 2 SSDs on 2TB and solo mining of chia comes out to me for many years, because of such a high slodnost, it is simply not realistic to mine chia alone, you need to look for a pool where you need to pay normal commissions.In general, this is...

Branko

sr. member

Activity: 2632

Merit: 328

Quote from: Sethrey on August 11, 2021, 05:38:22 AM

Quote from: fmz89 on August 11, 2021, 01:27:42 AM

chia profitable only for early adopter, because the growing hdd mining is exponential, and plotting took really long for starter, and random rewards make more gambling rather than mining, even pool helping this things.....

I don't think that anything can help it anyhow to survive. Time shows that it's epoch is coming to an end as the coin is slowly dying. Everyone who wanted to earn money on it - already did that. So I believe more in coins like Crypton as it's self-financed, free to mine and more people are dedicated to it due to the huge promo action that is running now. At least no one will lose money on it.

CRP, $400k marketcap shitcoin...are you serious?

Sethrey

jr. member

Activity: 916

Merit: 1

Quote from: fmz89 on August 11, 2021, 01:27:42 AM

chia profitable only for early adopter, because the growing hdd mining is exponential, and plotting took really long for starter, and random rewards make more gambling rather than mining, even pool helping this things.....

I don't think that anything can help it anyhow to survive. Time shows that it's epoch is coming to an end as the coin is slowly dying. Everyone who wanted to earn money on it - already did that. So I believe more in coins like Crypton as it's self-financed, free to mine and more people are dedicated to it due to the huge promo action that is running now. At least no one will lose money on it.

fmz89

legendary

Activity: 1764

Merit: 1002

chia profitable only for early adopter, because the growing hdd mining is exponential, and plotting took really long for starter, and random rewards make more gambling rather than mining, even pool helping this things.....

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: Metroid on August 08, 2021, 11:12:50 AM

what kept eth project running was that eth devs sold a lot of their eth when it rose around 700 usd in 2018. So they had enough money to cover the project in the bear market time.

I think the mass adoption of the Ethereum network is what saved it. By 2018, the ICOs and all those other tokens launched on its network made it skyrocket, widely used. Even in the bear market, it remained the most popular network for tokens.

Look at all the "Ethereum killers" that came afterwords... NEO, TRON, EOS. Non is anyway close to Ethereum's success.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

on bullruns coins come from nowhere and with inflated price as soon as the bullrun ends, few weeks after that to few months coins die, has been like this since 2011, I remember when btc came, 97% of coins are dead, trust me even eth had a scimitar on its neck ehhe, what kept eth project running was that eth devs sold a lot of their eth when it rose around 700 usd in 2018. So they had enough money to cover the project in the bear market time.

Starkick

jr. member

Activity: 588

Merit: 5

Yes, I have seen discussions in the thematic channels of Utopia. I managed to notice that users there always find out the news first, often even before their official presentation.

Sethrey

jr. member

Activity: 916

Merit: 1

Quote from: Starkick on August 03, 2021, 03:45:13 AM

I found information that the developers of Utopia are not going to stop and plan to please users with a few more promos until the end of 2021.
I think this is a great opportunity to learn more about the project and earn a crypt.

And where did you get the info? All I know is that the mobile version of Utopia p2p has to be released till the end of the year. I've checked all their social networks and hadn't seen any proof. Maybe you've learned it from the Utopia channels? As I not always have time to check for all the messages there.

Starkick

jr. member

Activity: 588

Merit: 5

I found information that the developers of Utopia are not going to stop and plan to please users with a few more promos until the end of 2021.
I think this is a great opportunity to learn more about the project and earn a crypt.

Topic: Chia Coin Mining become unprofitable - the coin has fallen in price by 3 times - page 6. (Read 2496 times)