Proof of Capacity shit-coins good idea, but to date all implementation is fail

btc-room101

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Quote from: Bravehash on June 21, 2021, 04:49:03 AM

I'm glad I don't spend some thousands of dollars on chia mining because it's not worth it compare to GPU mining, it seems like PoC algorithm is a total waste of time because none never works but those who quickly join the solo mining are the so lucky now it seems impossible to earn a chia coin

ppl just don't listen to get $100/day, or 1/3 xch, you need 10k plots @ 108gb each, or 1PB of storage, which is 1,000 TB's, @ $30/TB, that's $30k USD of HDD just to make $80/day ( assuming chia @$280, & dropping because chia has no use or value )

I'm sure $30k would buy at least 60 RTX-1060's where you would earn 3000MH ETH, or about $150/day, as long as you keep the gpu's clean cool and dry they last forever, the HDD's die of use with 'chia' the algo's kill everything.

Then the waste of 100 10TB HDD's it's still just generating toxic landfill

Bravehash

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I'm glad I don't spend some thousands of dollars on chia mining because it's not worth it compare to GPU mining, it seems like PoC algorithm is a total waste of time because none never works but those who quickly join the solo mining are the so lucky now it seems impossible to earn a chia coin

btc-room101

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Quote from: badbart on June 18, 2021, 07:54:42 AM

6TB HDD are not close to $300. $116 on ebay, https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m570.l1311&_nkw=6tb+hard+drive&_sacat=0

EBAY is used shiitttttte

Here in ASIA HDD's are not avail, even 2tb are sold out, last 6tb I bought was two months ago, it cost $350 USD, and that took a lot of shopping

I usually buy 12tb from amazon for $350, but now amazon uk has 14tbs for $350, but they're usb 3.0, and not 7200 rpm

I see lots of good deals on NEWEGG, but sadly they only ship to the NA market

Sure there are chinese companys on alibaba selling red wd 18tb drives for $100 USD, and the reviews tell all; essentially its stuff that WD tosses in the garbage, they ship a drive all right, they never said it would operate; ebay is the same scam selling used drives out of warranty

badbart

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6TB HDD are not close to $300. $116 on ebay, https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m570.l1311&_nkw=6tb+hard+drive&_sacat=0

btc-room101

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Quote from: minerja on June 11, 2021, 07:02:59 AM

Quote from: HardCore12V on June 11, 2021, 12:51:44 AM

Why the hate on chia coin? Some already made their ROI back through solo mining because they don't buy new equipments for the farming, in my country I was able to find 80TB hdd @600$, see how cheap that is? This is just a matter of choice

Because the coin has been designed specifically for Enterprise / datacentre grade equipement.
Because on release of main-net 100TB was already plotted . (march 19th 120 PIB was the starting point - so all ready way too big for home miners) https://www.chiaexplorer.com/charts/netspace

Good for you, $600 (£450) get about 10-14TB in the UK currently, and 20TB currently will take over 2 years to find a block.....hardly a fair coin

We don't really measure like that, its normally $ month/tb, or for a given TB how many dollars in a month? Right now the figure is $4, from a TB which is about 1.3TB of actual space, so for instance a 6tb drive is 51 plots, or 5.1TB, which is $20/month; But that drive is now $300 if you can find it, and the $$ drops by 1/2 every few weeks as the capacity ( total space ) worldwide increases today at 25 EB ( eb billion-trillion bytes )

https://www.chiaexplorer.com/charts/usdTib

So your 20tb drive might do about 16TB, which is $64 USD a month, of course that is at XCH $400, and its dropping like a rock.

Two factors working against you. First is the price is dropping, second is the space is doubling every few weeks,

U can only lose your arse if you play chia, there is no other outcome.

elda34b

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Quote from: minerja on June 11, 2021, 07:02:59 AM

Good for you, $600 (£450) get about 10-14TB in the UK currently, and 20TB currently will take over 2 years to find a block.....hardly a fair coin

Agree, it is not a fair coin unless people can start mining with a pool so they don't need 1 million USD to mine and earn $10 a day. They should fix it quickly so their network won't be too centralized, unless that's what they aim from the beginning. If that's the case, retail won't have any chance to mine, they can only speculate on the price.

minerja

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Quote from: HardCore12V on June 11, 2021, 12:51:44 AM

Why the hate on chia coin? Some already made their ROI back through solo mining because they don't buy new equipments for the farming, in my country I was able to find 80TB hdd @600$, see how cheap that is? This is just a matter of choice

Because the coin has been designed specifically for Enterprise / datacentre grade equipement.
Because on release of main-net 100TB was already plotted . (march 19th 120 PIB was the starting point - so all ready way too big for home miners) https://www.chiaexplorer.com/charts/netspace

Good for you, $600 (£450) get about 10-14TB in the UK currently, and 20TB currently will take over 2 years to find a block.....hardly a fair coin

mak013

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Quote from: btc-room101 on June 10, 2021, 09:36:02 AM

Quote from: mak013 on June 10, 2021, 09:14:35 AM

I think HDD mining is shit and it does not depend on what coin is mining. It was just overprofit time. Everything brings money - DeFi, NFT, HDD. Some time later we`ll forget it all i think.

OK get it GARTH, but think about this

We got PoS, Poc, and PoW, now we all know PoW has its flaws, ... so we just need to have a PoC that works, and that isn't 108GB for one plot,

WHat we know so far is a dozen shit-coins have brought out PoC,and with CHIA backed by WD, it was all designed to kill HW, and make HDD into the new GPU, well it worked a $100 HDD is now $1k, so now we can all say F*CK*U to WD, & Samsung.

The thing is that PoW, is clearly a dead-end, so we need to find an egalitarian ( NON POS - proof of snake ) system, in order to stay with Satoshi vision of 'be ur own bank'

Most men here are for profit. Satoshi vision just for BTC fanatics. In real world mining is just a business and we have an opportunity to get some piece of this pie. Does not matter PoS, PoC or PoW it is.
The GPU market is overpriced and even with such prices there are no GPU for all who want it. And for them we see PoC - last chance to get in money train.

HardCore12V

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Why the hate on chia coin? Some already made their ROI back through solo mining because they don't buy new equipments for the farming, in my country I was able to find 80TB hdd @600$, see how cheap that is? This is just a matter of choice

btc-room101

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Quote from: nsummy on June 10, 2021, 05:09:46 PM

I knew chia was going to be a bust when every shitty tech blog started writing about the "hard drive shortage" and this was even before chia got popular. They were all recycling the same garbage info from China, anything to get clicks. Chia is no different than any of the other shitcoins from 2017. It solved no problems, and there was no compelling reason to use it beside the fact that you could use hard drives to mine it. Of course none of the articles mention its compute intensive or that it kills ssd drives. Honestly it kind of reminds me of Bitcoin Gold. The creators of that coin made out like bandits too.

Let's did deeper here, recall that BITCOIN gold was financed by the Chinese billionaire who owned BCH, small world

But his dev was in UKRAINE, but owned by china,

This solves the mining, creation of shit-coins not in china rules by ccp

Same here shitty dev, in the UKRAINE bitcoin-gold didn't have a working getblocktemplate() at launch either, the dev team were imbeciles; now look at chia, exact same thing the entire dev team of chia are idiots, well except the python guy richard kiss, he's good but everybody else, might as well be bangalore contractor getting $5/day

The IOU process of sending the XCH to $1600 USD before main-net 5may2021 was also chinese ran by billionaires who run the IOU exchanges pre-mine in asia, the HPOOL the only working pool in the world for XCH since begin of 2021, funny that only chinese use it, and that now all the xch is chinese owned

Then the oddity of the moron SV chia team telling the hairlip white people "Solo Mine" Do not use hpool, so in effect they spent $1,000's of USD on HDD's & SSD's, but never made a ROI, cuz the pools never came.

CHIA is without a doubt a poster boy of why crypto sucks and the people who run it.

Then there is the entire green 'gay' thing, you note that all the YT influence on YT is 'GAY', 100% new market, new target young, gay, & green; Buy HDD's and get rich make your boyfriend love u long time with chia, ... talking to u 'caleb', YT poster boy that is now duplicated in over 100x languages all using the same WD paid narrative

The chinese billionaires must be laughing thier arses off at the western hairlip nation

btc-room101

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Quote from: joker_josue on June 10, 2021, 12:03:35 PM

Quote from: btc-room101 on June 10, 2021, 09:36:02 AM

WHat we know so far is a dozen shit-coins have brought out PoC,and with CHIA backed by WD, it was all designed to kill HW, and make HDD into the new GPU, well it worked a $100 HDD is now $1k, so now we can all say F*CK*U to WD, & Samsung.

Where is WD or Samsung connected to CHIA? You're kidding, aren't you?

U watch the YT videos BRAM&Hoffman were working with the HD companys last year planning the shortages, just like they did with the GPU cards, now HDD's are 10x over 3 months ago, all was orchestrated [ These aren't ppl talking about mr bittoreent, he's bragging in his own videos how he has worked with HDD companys since last year in his round-table biz videos on YT ]

YT influencers like 'caleb' on YT, all paid by WD, like 3+ months ago. [ They even POST on their YT, "This is paid for by our sponsor WD" ]

The entire CHIA release is/was orchestrated by HDD companys, the argument is/was that HDD's are living too long and they were jealous of the GPU shortage and high prices, so they engineered the CHIA hysteria, on YT in every language on the earth 24/7 are paid influence videos in every language explaining how you can get rich HDD mining, which of course has been a lie since day one.

All HDD companys are in ASIA, all money comes back to ASIA.

CHIA is owned by CHINESE billionaires, just like bitcoin-gold, where they had 'faux' devs in UKRAINE, but owned by CHINA, here CHIA is has faux-dev in SV ( silicon shithole bayahrea ), but the HPOOL, and IOU run are all orchestrated in CHINA, so the money and XCH stays in China, just $$ HDD flows to asia.

nsummy

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Quote from: joker_josue on June 10, 2021, 12:03:35 PM

Quote from: btc-room101 on June 10, 2021, 09:36:02 AM

WHat we know so far is a dozen shit-coins have brought out PoC,and with CHIA backed by WD, it was all designed to kill HW, and make HDD into the new GPU, well it worked a $100 HDD is now $1k, so now we can all say F*CK*U to WD, & Samsung.

Where is WD or Samsung connected to CHIA? You're kidding, aren't you?

https://blog.westerndigital.com/venture-into-chia-farming/
https://podcasts.apple.com/us/podcast/western-digital-embraces-influencer-marketing-globally/id1481895725?i=1000469636709
https://seekingalpha.com/article/4433785-seagate-technology-plc-stx-management-presents-bank-of-america-merrill-lynch-2021-global
https://seekingalpha.com/article/4433795-western-digital-corporation-wdc-management-presents-stifel-2021-virtual-cross-sector-insight?mail_subject=wdc-western-digital-corporation-wdc-management-presents-at-stifel-2021-virtual-cross-sector-insight-conference-transcript

nsummy

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I knew chia was going to be a bust when every shitty tech blog started writing about the "hard drive shortage" and this was even before chia got popular. They were all recycling the same garbage info from China, anything to get clicks. Chia is no different than any of the other shitcoins from 2017. It solved no problems, and there was no compelling reason to use it beside the fact that you could use hard drives to mine it. Of course none of the articles mention its compute intensive or that it kills ssd drives. Honestly it kind of reminds me of Bitcoin Gold. The creators of that coin made out like bandits too.

joker_josue

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Quote from: btc-room101 on June 10, 2021, 09:36:02 AM

WHat we know so far is a dozen shit-coins have brought out PoC,and with CHIA backed by WD, it was all designed to kill HW, and make HDD into the new GPU, well it worked a $100 HDD is now $1k, so now we can all say F*CK*U to WD, & Samsung.

Where is WD or Samsung connected to CHIA? You're kidding, aren't you?

btc-room101

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Quote from: FP91G on June 10, 2021, 07:32:56 AM

Quote

[ Right now today, mining HDD 20TB generates $4.64 / day, so you do the the math, today 20TB is two 10tb drives at $500 USD, so its comparable to gtx-1070 mining. Ref Chia on Hpool]

Let's see what kind of profit will be with a 20 TB hard drive in 1 month. I think less than 2 dollars, and in a month more probably less than 1 dollar.
Profit on video cards does not fall so much.
If you managed to buy hard drives cheaply, that is very good, but I think it is wrong to buy them now at such inflated prices.

Dude its $3.20 today, so your $2 will be tomorrow, but this is not the point of PoC, like Buterin says "Some of us really don't care about money"

Profit ETH on Rtx-3070 was $5/day two weeks ago, today its $2, next week $1, its all going to be same-same.

btc-room101

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Quote from: mak013 on June 10, 2021, 09:14:35 AM

I think HDD mining is shit and it does not depend on what coin is mining. It was just overprofit time. Everything brings money - DeFi, NFT, HDD. Some time later we`ll forget it all i think.

OK get it GARTH, but think about this

We got PoS, Poc, and PoW, now we all know PoW has its flaws, ... so we just need to have a PoC that works, and that isn't 108GB for one plot,

WHat we know so far is a dozen shit-coins have brought out PoC,and with CHIA backed by WD, it was all designed to kill HW, and make HDD into the new GPU, well it worked a $100 HDD is now $1k, so now we can all say F*CK*U to WD, & Samsung.

The thing is that PoW, is clearly a dead-end, so we need to find an egalitarian ( NON POS - proof of snake ) system, in order to stay with Satoshi vision of 'be ur own bank'

mak013

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I think HDD mining is shit and it does not depend on what coin is mining. It was just overprofit time. Everything brings money - DeFi, NFT, HDD. Some time later we`ll forget it all i think.

FP91G

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Quote

[ Right now today, mining HDD 20TB generates $4.64 / day, so you do the the math, today 20TB is two 10tb drives at $500 USD, so its comparable to gtx-1070 mining. Ref Chia on Hpool]

Let's see what kind of profit will be with a 20 TB hard drive in 1 month. I think less than 2 dollars, and in a month more probably less than 1 dollar.
Profit on video cards does not fall so much.
If you managed to buy hard drives cheaply, that is very good, but I think it is wrong to buy them now at such inflated prices.

joker_josue

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Quote from: btc-room101 on June 09, 2021, 11:07:00 PM

I bought lots of 16TB drives for $200 each months ago, today they're over $500, and 18tb drives are going for over $1k USD, so I'm not biting this bullshit, I'm done, in time I will re-deploy my plots to a better PoC coin, as I think chia is shit, and will implode.

Your problem is this, it is called: greed!

People think CHIA is easy money and in a month they have bought all the stock in the world of HDD. And now the network grows faster than the project itself had prepared.

I think the CHIA project was very interesting and had the legs to be something that could make a good profit for everyone. But, as is common for human beings, it touches on spoiling things.

Anyway, let's see how the project will evolve!

Now don't come here to regret having bought too many HDDs and now it's not having the desired profitability! Don't buy... in a few months the market will be flooded with used HDDs at the price of rain. Well done to anyone who wanted to have it all!

sxemini

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Quote from: btc-room101 on June 09, 2021, 11:07:00 PM

I like Proof-of-Capacity, but it has big problems, some might know, but on HPOOL some 20% of all submitted plots are fake, it turns out that in all the rush to main-net, nobody gave it a thought that people might generate 'fake plots' to the pools, which is another reason probably that chia-dev has drag their arse on the subject of pools, they probably knew this would be the outcome, remember the only goal of chia-dev (SV) is the IPO, as all other wealth stays in CHINA, with the chinese billionaires investors who funded chia post 2020.

STOP talking about POOLS there is only one pool HPOOL, that got the lead, because its all a scam, the chia-dev in USA(SV) say solo-mine, in ASIA everybody uses HPOOL and has earned a ton of xch, the west has a big zero, you think this wasn't all planned.

The HPOOL sw is solid like a rock, never seen a bug, the chia-net dev sw is shit, u think this wasn't all planned?

Bait&Switch folks.

All the paid influencers on YT, are paid by Western-Digital drives manufacturing and SAMSUNG, but guess what, all the drives on earth are made in ASIA.

The west has gotten the shaft, and the morons eat the feces of the YT influencers.

...

I bought lots of 16TB drives for $200 each months ago, today they're over $500, and 18tb drives are going for over $1k USD, so I'm not biting this bullshit, I'm done, in time I will re-deploy my plots to a better PoC coin, as I think chia is shit, and will implode.

[ Right now today, mining HDD 20TB generates $4.64 / day, so you do the the math, today 20TB is two 10tb drives at $500 USD, so its comparable to gtx-1070 mining. Ref Chia on Hpool]

bitcoinhd BitcoinHDBHD
burstcoin BurstCoinBURST
litecoinhd LitecoinHDLHD
diskcoin DiskcoinDISC
hddcash HDD.CashHDD
xrphd XRPHDXHD
mass MassMASS
chia ChiaXCH
arweave Arweave

Take you pic from the list above ( mining pool hdd ), chia has the highest price, but most of the stuff is abandoned projects, e.g. the code has been left to die on github. IMHO CHIA will fork, that will be the next great PoC coin, and it will be ran out of ASIA, and not the west, the west will stay for mr-bittorrent porn king; Asia will run with classic-chia, and SV will push chia-porn-plots

lol another stupid post from you. Don´t cry like a baby.

Any proof for this?

Quote from: btc-room101 on June 09, 2021, 11:07:00 PM

All the paid influencers on YT, are paid by Western-Digital drives manufacturing and SAMSUNG, but guess what, all the drives on earth are made in ASIA.

No? So stop talking shit!!!!!

Topic: Proof of Capacity shit-coins good idea, but to date all implementation is fail (Read 290 times)