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Topic: Chia Coin Mining become unprofitable - the coin has fallen in price by 3 times - page 7. (Read 2496 times)

jr. member
Activity: 588
Merit: 5
Please note that on 1 PC you can run up to 50 mining bots, in case if you use LCX or Docker. It will multiply your income in so many times. I think there will be really many participants. People were waiting for something like that. Especially as this mining is eco-friendly.
Wow, I hope that you will have success during this promo! As far as I remember, the prize pool in this bounty is quite large. I will not stop rejoicing at how the project is a success and enjoys growing popularity among users.
sr. member
Activity: 2632
Merit: 328
Please note that on 1 PC you can run up to 50 mining bots, in case if you use LCX or Docker. It will multiply your income in so many times. I think there will be really many participants. People were waiting for something like that. Especially as this mining is eco-friendly.


Care to explain? You discovered some exploit to use 1TB, but present it to network as 50TB?
jr. member
Activity: 916
Merit: 1
Please note that on 1 PC you can run up to 50 mining bots, in case if you use LCX or Docker. It will multiply your income in so many times. I think there will be really many participants. People were waiting for something like that. Especially as this mining is eco-friendly.
sr. member
Activity: 2632
Merit: 328
Always the same...its stupid to predict what will happen, this early
member
Activity: 223
Merit: 13
There is nothing that can come close to proof of work mining algorithm, it's only a matter of time and you will see that most new projects claiming to be green energy mining are nonsense, better buy GPUs and start mining instead of chia mining with SSD and HDD
jr. member
Activity: 298
Merit: 3
chia is interesting concept and need time for development

if you compare to dogecoin ATH at 8 may  price around 0.7 usd today around 0.17 usd it same fallen 3 times

about profit we don't know in future chia price jump or always falling and change to shit coin with zero profit

only time will tell
member
Activity: 182
Merit: 30
Hmm, I don't know. I don't like what is happening in the crypto market. In addition, using the example of chia, I am suspicious of the projects that Elon Musk praised. Also, given the current trends, green projects are likely to be popular. Therefore, perhaps krypton is the best solution. IMHO
Wait when the bear market finally sets in for months or a couple of years. That's when we shall separate men from boys. The coins that keep fighting on and the coins that will die a tragic death. Most of this green projects and coins shit will go down the drain and by the time we are ready for the next bull run people will have already cried, accepted what happened and moved on.

BINGO we have one who can see;

The only thing green about chia is that plants like feces.

Today at 100TB ( $3k USD of hdds ) earns you a whopping $5/day ROI; Think how much ETH u could earn with $3k gpu's ( if properly shopped ); When XCH(CHIA) hits' $40 it will be $1/day for 100TB (1,000 plots); That's when the cost of electricity is more than your earning. Lights go out.

Bitcoin & ETH are like rocks compared to the 'green feces'; Crypto by nature is computational, and that is energy; There are no perpetual motion machines and there are no free-energy cryptos, nor will there ever be.
jr. member
Activity: 916
Merit: 1
Therefore, I only mine on video cards.
Comrades who invested in CHIA mining have recouped their investments and it may take another 6-12 months. Dogecoin is mined on ASICs, Monero is better to mine on processors.
I haven't heard anything about Crypton. But while Ethereum mining is relevant, I do not plan to mine other coins.

Well, CRP is now mined as a part of huge promo action for miners https://bitcointalk.org/index.php?topic=5349259.new#new Maybe it will be interesting for you also. As between all the mentioned coins, it seems to be the greener one as it's mined on internet connection only.
copper member
Activity: 2114
Merit: 1814
฿itcoin for all, All for ฿itcoin.
Hmm, I don't know. I don't like what is happening in the crypto market. In addition, using the example of chia, I am suspicious of the projects that Elon Musk praised. Also, given the current trends, green projects are likely to be popular. Therefore, perhaps krypton is the best solution. IMHO
Wait when the bear market finally sets in for months or a couple of years. That's when we shall separate men from boys. The coins that keep fighting on and the coins that will die a tragic death. Most of this green projects and coins shit will go down the drain and by the time we are ready for the next bull run people will have already cried, accepted what happened and moved on.
jr. member
Activity: 588
Merit: 5
Hmm, I don't know. I don't like what is happening in the crypto market. In addition, using the example of chia, I am suspicious of the projects that Elon Musk praised. Also, given the current trends, green projects are likely to be popular. Therefore, perhaps krypton is the best solution. IMHO
member
Activity: 448
Merit: 18
I nearly fall for chia mining and now I'm so happy that I don't, all I have in my mind is wait till official pool gets here even when I've already seen good server powerful enough to easily handle chia plotting at a very affordable price now I invested that money into graphic cards instead
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
Drawing a lot of power doesn't matter if one is mining a profitable coin using the GPUs.
i think his point is that op believes chia is eco-friendly and more efficient compared to other coins, which might not be as black and white as op think.

not to mention chia is relatively more difficult to mine if you don't have enough capital, and rely a lot on pure luck to mine a block.

Exactly.Chia is more difficult to give a shot than with GPU-s,you need a lot of hard drive space which is very costly nowadays,a powerful processor and lots of ram.You can easily win more by GPU mining right now and the price of Chia falling is another red flag for me that things are not going well for Chia miners and most probably this won't change for a while.
sr. member
Activity: 770
Merit: 268
Drawing a lot of power doesn't matter if one is mining a profitable coin using the GPUs.
i think his point is that op believes chia is eco-friendly and more efficient compared to other coins, which might not be as black and white as op think.

not to mention chia is relatively more difficult to mine if you don't have enough capital, and rely a lot on pure luck to mine a block.
copper member
Activity: 2114
Merit: 1814
฿itcoin for all, All for ฿itcoin.
Just the on-ramp cost is expensive. The CPU intensive plotting. But after that the HDDs don't draw much power. So there is a huge difference plotting once and then farming vs. GPU mining, which continuously draws a lot of power.
Drawing a lot of power doesn't matter if one is mining a profitable coin using the GPUs. The problem with Chia is the coin price has plummeted sharply over the past month, and we don't know how far it's going to drop. I am sure there are people who spent a lot of money buying the HDD's when the profitability was promising, but are now stuck because of the current situation. I hope the risking pay off after some time.
member
Activity: 182
Merit: 30
Well except for the problem is that all chia shit coins call for you to replot every few months, so this re-plotting and killing your nvme's needing a super-computer to make new plots never ends;

Doubt me just check out this new NFT plot deal where they're telling everybody U MUST REPLOT again, the scam just never ends.
jr. member
Activity: 146
Merit: 4
Honestly I'm not saying that this chia project is a total failure but it's far from green energy mining like many thinks, this coin isn't easy to mine like ravencoin or even ETH, using terabytes of HDD and plotting with higher end Servers or CPU will draw watts power you've never prepared for, o don't see different in mining ETH and Chia when it comes to power efficiency

Just the on-ramp cost is expensive. The CPU intensive plotting. But after that the HDDs don't draw much power. So there is a huge difference plotting once and then farming vs. GPU mining, which continuously draws a lot of power.
hero member
Activity: 1036
Merit: 606
The new beta version is finally ready. You can download chia-plotter for windows v0.1.2 from here:


SCAM DOWNLOAD FROM A NEWLY CREATED GITHUB ACCOUNT

  • NFT plot support
  • increased work speed
  • New params:
         -c, --contract arg Pool Contract Address (64 chars)
  • Bug fixes

^^^^^^^^^^^^^ SCAM DOWNLOAD FROM A NEWLY CREATED GITHUB ACCOUNT

Only download the Windows MadMax plotter from the original stotiks Git repo or build it from source.

https://github.com/stotiks/chia-plotter/releases
legendary
Activity: 1834
Merit: 1131
Therefore, I only mine on video cards.
Comrades who invested in CHIA mining have recouped their investments and it may take another 6-12 months. Dogecoin is mined on ASICs, Monero is better to mine on processors.
I haven't heard anything about Crypton. But while Ethereum mining is relevant, I do not plan to mine other coins.
member
Activity: 120
Merit: 15
Honestly I'm not saying that this chia project is a total failure but it's far from green energy mining like many thinks, this coin isn't easy to mine like ravencoin or even ETH, using terabytes of HDD and plotting with higher end Servers or CPU will draw watts power you've never prepared for, o don't see different in mining ETH and Chia when it comes to power efficiency
jr. member
Activity: 146
Merit: 4
Chia is an interesting concept, since it is the only real green way to have a Nakamoto type consensus algorithm. The success of the chain will solely depend on in which direction the Chia company is heading and how much adoption they can drive. I am mining it in a pool with some hard drives, that I was planning to buy anyway. If it becomes super unprofitabel to mine, I will just use the drive space for other purposes - datahoarding Cheesy
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