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Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: wtfonly16 on May 12, 2021, 09:36:14 PM



Title: chia coin Asic
Post by: wtfonly16 on May 12, 2021, 09:36:14 PM
FARMING WAS RELEASED ONLY JUST March 19, 2021 and we are at asic level network hashrate...

We need to start looking at the reality here; Chia coin had a massive premine, giving china plenty of time to hoard on storage drives and design/build 30+ sata port boards for future chia farms.
Chia was supposed to be something anyone can run on their computer but it has gotten to a point where we are already at asic level mining off the gate. No one can get in unless they fork out thousands upon thousands of $$$...

All they have done is enabled mega mining corps to print more money with less electricity lmao.


Title: Re: chia coin Asic
Post by: Stanlo on May 13, 2021, 10:19:20 AM
Chia isn't the true definitely of green energy mining, the only coin that's worth calling green energy is helium hotspot miners, way much better and energy efficiency than chia coin I've changed my mind on building rigs for chia coin I'm better off with GPU mining


Title: Re: chia coin Asic
Post by: ZeeeN on May 13, 2021, 03:47:21 PM
Chia isn't the true definitely of green energy mining, the only coin that's worth calling green energy is helium hotspot miners, way much better and energy efficiency than chia coin I've changed my mind on building rigs for chia coin I'm better off with GPU mining

yeah not green energy plotting consume more power  focus on gpu is better

if chia not going well other coin not have good price to make profit


Title: Re: chia coin Asic
Post by: Bitcoin_Arena on May 13, 2021, 10:55:17 PM
I am really amused at how some of these coins try so hard to compare themselves with Bitcoin and how much faster, better and greener they are than Bitcoin but then a few months later, reality hits in  ;D

The Network isn't even a year old and here we are. Imagine what happens it it get flooded by a half of the transactions on the bitcoin or Ethereum networks?


Title: Re: chia coin Asic
Post by: badbart on May 13, 2021, 11:28:37 PM
Not susre why all the hate a 14TB HD gernates $900 a month right now.  your not going to be able to gernate lots of income with a small invesment.  My AMD 5950 plots 3-3-4TB a day, that fills a 14TB in a 4 days.  


Title: Re: chia coin Asic
Post by: nsummy on May 14, 2021, 03:08:03 AM
Not susre why all the hate a 14TB HD gernates $900 a month right now.  your not going to be able to gernate lots of income with a small invesment.  My AMD 5950 plots 3-3-4TB a day, that fills a 14TB in a 4 days.  

If i understand it correctly though, its "solo mining" right?  Like you could go a couple of months without finding a block?


Title: Re: chia coin Asic
Post by: Wotan Wipeout on May 14, 2021, 04:38:32 AM
Did anybody find a block here ?


Title: Re: chia coin Asic
Post by: batsonxl on May 14, 2021, 02:27:08 PM
Did anybody find a block here ?
Yes exactly i have been asking this question 4-5 times allready. No one answered so nobody got reward yet? For me it is total time waste if nobody got reward. more likely it is scam just letting you mining as solo, because they know at this rate no one gonna find any block any time sooner.


Title: Re: chia coin Asic
Post by: mettalmag on May 14, 2021, 02:37:34 PM
Did anybody find a block here ?
well no but im not the one with 100+Tbs of space
did set up a small farm just to see how this thing works
plotted on hdd, was fun looking on 12% a day
thou had much issues with sync and stuff
then on reddit ppl posting their wallet pics winning chia
and yes better stick with GPUs
or make asics?


Title: Re: chia coin Asic
Post by: Vann on May 14, 2021, 04:28:00 PM
Iv'e been plotting for about a month. Started about a week after launch and currently at 60TB with no XCH farmed, but it's all good. Started slowly at first and ramped it up about two weeks ago with my new Desktop 3960X Threadripper build. I'm already at capacity after scavenging all the unused storage I had and even my NAS. New high capacity HDD are OOS or too expensive, so I'm ready to go and looking forward to pooling which should be released soon.

The fact is Chia has been in development since 2018 and the development team has always been very transparent with the project. If you go on YouTube you will see numerous interviews going back years that were given to various tech outlets discussing the project status. The testnet lasted several months prior to launch and anyone that had been following could participate. It's also true that the mainet launch was announced well in advance, so that anyone that was following the project and wanted to participate could have done so. Many early adopters did and now they have been heavily rewarded for it. Regarding the Chia foundation fund allocation, the fact is development teams to launch a project on the scale of Chia cost money and the foundation is governed by strict rules as to how it is spent, which no different than many other successful projects in the Crypto space.

https://www.coindesk.com/5-takeaways-from-chia-networks-new-white-paper

https://i.ibb.co/tKTP9b3/chia-farming.png (https://ibb.co/mTVF3HS)


Title: Re: chia coin Asic
Post by: ZeeeN on May 14, 2021, 07:57:55 PM
Iv'e been plotting for about a month. Started about a week after launch and currently at 60TB with no XCH farmed, but it's all good. Started slowly at first and ramped it up about two weeks ago with my new Desktop 3960X Threadripper build. I'm already at capacity after scavenging all the unused storage I had and even my NAS. New high capacity HDD are OOS or too expensive, so I'm ready to go and looking forward to pooling which should be released soon.

The fact is Chia has been in development since 2018 and the development team has always been very transparent with the project. If you go on YouTube you will see numerous interviews going back years that were given to various tech outlets discussing the project status. The testnet lasted several months prior to launch and anyone that had been following could participate. It's also true that the mainet launch was announced well in advance, so that anyone that was following the project and wanted to participate could have done so. Many early adopters did and now they have been heavily rewarded for it. Regarding the Chia foundation fund allocation, the fact is development teams to launch a project on the scale of Chia cost money and the foundation is governed by strict rules as to how it is spent, which no different than many other successful projects in the Crypto space.

https://www.coindesk.com/5-takeaways-from-chia-networks-new-white-paper

https://i.ibb.co/tKTP9b3/chia-farming.png (https://ibb.co/mTVF3HS)


aw 60tb with no coin  no hope for me to get coin only have 18tb


Title: Re: chia coin Asic
Post by: DigitalFarns on May 14, 2021, 08:31:46 PM
From what I'm reading, you should be due soon.  I am sure that the "days to win" is not cut in stone, right?  I like the analogy that it's like printing bingo cards.  The more bingo cards you print, the better your odds of winning.  And I'm guessing, that the math probably works out over the long term, so if it says every 15 days you should win, you could hit three blocks back to back on day 45 and that 15 days to win still holds true, does that make sense? 

At 60TB you've got the biggest farm of anybody I've talked to, sure would appreciate your feedback if/when you do win a block.  It would be curious to see how that looks.

Also, again as I understand it, it's not about having the drive space - I think you have to have that much plotting done.  So it's not like saying 60TB of space, we need to say 60TB of "plotted" space.  And from what I've read, it seems some people don't seem to understand that.  But that's my take on it. 

Following this one with great curiosity. 



Title: Re: chia coin Asic
Post by: Vann on May 15, 2021, 02:50:38 AM
Yes, the time to win given is an estimate on how often you should win a block based on your percentage of the total plotted network space. Luck is also a factor which is why some people with only a couple TB of plots have managed to win. If you hover over the estimated time it tells you your calculated percentage of the total network plotted space and that it can take 3 to 4 times longer than the estimate given. The problem is the network is growing so fast that unless you are plotting 3-4 TB of new plots a day, you are falling behind the growth rate of the network, so you're estimated time keeps growing. The shortage of hardware also makes it hard to be able to keep up. The network is now at a point where they really need pooling to have more predictable earnings and wider distribution.


Title: Re: chia coin Asic
Post by: ZeeeN on May 15, 2021, 02:38:22 PM
From what I'm reading, you should be due soon.  I am sure that the "days to win" is not cut in stone, right?  I like the analogy that it's like printing bingo cards.  The more bingo cards you print, the better your odds of winning.  And I'm guessing, that the math probably works out over the long term, so if it says every 15 days you should win, you could hit three blocks back to back on day 45 and that 15 days to win still holds true, does that make sense? 

At 60TB you've got the biggest farm of anybody I've talked to, sure would appreciate your feedback if/when you do win a block.  It would be curious to see how that looks.

Also, again as I understand it, it's not about having the drive space - I think you have to have that much plotting done.  So it's not like saying 60TB of space, we need to say 60TB of "plotted" space.  And from what I've read, it seems some people don't seem to understand that.  But that's my take on it. 

Following this one with great curiosity. 




time to win is not sure for 15days it calculate on today  network growth 15%(or more) every weeks time to win is higher and higher if you not plotting more.

if i not listen wrong dev say they call who have less 200TB in plot file is small farmer

i think we need pool now for everyone have less than that



Title: Re: chia coin Asic
Post by: FP91G on May 15, 2021, 02:49:54 PM
Iv'e been plotting for about a month. Started about a week after launch and currently at 60TB with no XCH farmed, but it's all good. Started slowly at first and ramped it up about two weeks ago with my new Desktop 3960X Threadripper build. I'm already at capacity after scavenging all the unused storage I had and even my NAS. New high capacity HDD are OOS or too expensive, so I'm ready to go and looking forward to pooling which should be released soon.

The fact is Chia has been in development since 2018 and the development team has always been very transparent with the project. If you go on YouTube you will see numerous interviews going back years that were given to various tech outlets discussing the project status. The testnet lasted several months prior to launch and anyone that had been following could participate. It's also true that the mainet launch was announced well in advance, so that anyone that was following the project and wanted to participate could have done so. Many early adopters did and now they have been heavily rewarded for it. Regarding the Chia foundation fund allocation, the fact is development teams to launch a project on the scale of Chia cost money and the foundation is governed by strict rules as to how it is spent, which no different than many other successful projects in the Crypto space.

https://www.coindesk.com/5-takeaways-from-chia-networks-new-white-paper

https://i.ibb.co/tKTP9b3/chia-farming.png (https://ibb.co/mTVF3HS)
Buddy, with your luck, you need to mine on the pool. I've seen miners who have fewer plots and got a few CHIA coins.
I do not want to participate in this mining, because the network hash rate is growing by 10% per day and the prices for hard drives have gone up a lot.
I read that this blockchain is very slow, and it is unlikely that decent projects will appear on it.


Title: Re: chia coin Asic
Post by: Vann on May 15, 2021, 04:25:11 PM
To put this in perspective, with 62TB I currently have 0.0012% of the total network plotted space, which when calculated with how many opportunities there are to win a block in a day works out to an average expected time of 18 days to win a block at the current network state as is shown in the Chia farmer.

https://i.postimg.cc/K4h1Jr3X/chia-farming-2.png

Deviations from the average are normal. Just because someone won a block much faster than expected doesn't mean that is an outcome you should expect. In fact the opposite is true, statistically speaking the more people that win faster than average, the less probability that will happen to you. Especially when the network keeps growing at an exponential rate as it currently is. You also hear about the people that were lucky disproportionately from the people that were not as lucky. This video has a good explanation of how probability works in relation to Chia farming and has a spreadsheet you can use to estimate your expected outcomes based for network growth.

https://www.youtube.com/watch?v=_yEBS-q0sK4


Title: Re: chia coin Asic
Post by: DigitalFarns on May 15, 2021, 11:48:03 PM
one other thing I haven't been able to figure out... do we know what a "block" is?  Is one block equal to one plot?  Or do a series of your plots constitute one block?

I'm imagining that you have 629 blocks, right now doing nothing but sitting there waiting to be picked by the lotto, right?  So you win a block and now one (or more) of your plots are being utilized by the blockchain, is that an accurate understanding?


Title: Re: chia coin Asic
Post by: Sputnik_ on May 16, 2021, 04:58:42 AM
The ole miners rule of thumb

STAY THE FUCK away from any shitcoin that has a pre mine.

Fucking noobs.



Title: Re: chia coin Asic
Post by: Bitbtc8 on May 16, 2021, 07:14:22 AM
A friend got 400 pieces of 4TB HDD and he doesn't even know that one draws 5 watt and that's 2000 watts power for all the HDD alone minus the motherboard and the high end CPU for plotting and also the massive number of RAM sticks on board, honestly I don't see the difference between this and GPU mining


Title: Re: chia coin Asic
Post by: Vann on May 16, 2021, 09:32:34 AM
one other thing I haven't been able to figure out... do we know what a "block" is?  Is one block equal to one plot?  Or do a series of your plots constitute one block?

I'm imagining that you have 629 blocks, right now doing nothing but sitting there waiting to be picked by the lotto, right?  So you win a block and now one (or more) of your plots are being utilized by the blockchain, is that an accurate understanding?
Plots are essentially lottery tickets that are used to validate transactions contained in the blocks. The more lottery tickets you have, the better chance at winning. Every 10 seconds a new challenge is sent out looking for a specific combination contained in the plots. Each plot only has a 1 in 512 chance of passing a filter which is used to minimize the number of disk reads required. If one or more of the plots passed filter it moves on for a chance at generating a proof and winning the block. Other than generating proofs for blocks, plots are not utilized by the network.

https://thechiafarmer.com/2021/04/26/how-chia-farming-works/


Title: Re: chia coin Asic
Post by: Skinny48 on May 16, 2021, 09:51:12 AM
One fact about chia is it will die real fast because the network growth is faster than BTC and other POW coins out there, sooner even those with 1ETB won't get anything anymore, this is incomparable with ETH mining where profits are guaranteed even in four years to this time, chia mining is nonsense


Title: Re: chia coin Asic
Post by: CreamyG31337 on May 17, 2021, 01:04:48 AM
The ole miners rule of thumb

STAY THE FUCK away from any shitcoin that has a pre mine.

Fucking noobs.



???
Just don't invest anything, mine, and dump before the devs do.

I'm only a fucking noob cuz the price went up after I dumped. Should have HODL a bit :(




Title: Re: chia coin Asic
Post by: FloridaKid on May 17, 2021, 01:13:59 PM
Chia Coin value keeps rising but still I feel hesitant to make a move on plotting and farming because of the insane network growths every day, up to 5-10% growth is way to high and before we know it this plotting thing or idea will come to an end faster, I dare not make decisions on this


Title: Re: chia coin Asic
Post by: Branko on May 17, 2021, 03:17:31 PM
aw 60tb with no coin  no hope for me to get coin only have 18tb

Not true

https://i2.wp.com/chiadecentral.com/wp-content/uploads/2021/05/Farm-Chia-Coin-XCH-and-Earn-Money-by-Sung-Kim-Apr-2021-Medium-8.png?w=700&ssl=1


Title: Re: chia coin Asic
Post by: TheMimic1 on May 17, 2021, 04:54:24 PM
You expect me to believe this? There are many images like this on Reddit that have been edited, those with 200TB can't even solve a block and the few lucky ones I see are those that have 30TB to 50TB but you are showing image of GIG HDD size? Stop deceiving


Title: Re: chia coin Asic
Post by: Branko on May 17, 2021, 04:58:08 PM
You expect me to believe this? There are many images like this on Reddit that have been edited, those with 200TB can't even solve a block and the few lucky ones I see are those that have 30TB to 50TB but you are showing image of GIG HDD size? Stop deceiving

Man, its all luck based...if you would be right, noone would play lottery, and chia plot still have much higher chances than single lottery ticket (and much lower reward, obviously)


Title: Re: chia coin Asic
Post by: Bravehash on May 17, 2021, 05:18:28 PM
It's crazy isn't it? My advice is if you have some HDD laying around in your home just start plotting and farming, it won't hurt to try who knows you can become lucky, remember that 1 chia coin is 1500$ and it might worth more in future


Title: Re: chia coin Asic
Post by: ZeeeN on May 17, 2021, 06:23:37 PM
You expect me to believe this? There are many images like this on Reddit that have been edited, those with 200TB can't even solve a block and the few lucky ones I see are those that have 30TB to 50TB but you are showing image of GIG HDD size? Stop deceiving


maybe it true you can see at network space  only 634PiB  it before you can sent chia to exchange

no one hype for price yet  after exchange trade day1 price around 1500usd network space growth very fast around 20% in first week after that 10%everyday


Title: Re: chia coin Asic
Post by: badbart on May 17, 2021, 06:38:41 PM
Problem is network growth and drive space growth.  I plot 50-70 plots a day and the network is growing so fast my days to find a block are not falling that is 7TB a day in drive space I would need to add to stay even.  Right now I'm at one block every 19 days and that will not pay for new drive space.  I plan on plotting until my drives fill up and see what happens.   


Title: Re: chia coin Asic
Post by: Vann on May 17, 2021, 07:48:02 PM
I'm with you. Plotting 7TB a day with the expectation of solo mining a block is not sustainable, even if hard drives were available. In reality for most farmers, solo mining was a realistic option for the first month after launch. Once HPOOL came online the net space growth rate was unmanageable in trying to just keep up. We really need the official pool ASAP.

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


Title: Re: chia coin Asic
Post by: logitex1 on May 19, 2021, 03:09:38 AM
chia is just another premine scam


Title: Re: chia coin Asic
Post by: ZeeeN on May 19, 2021, 08:29:43 PM
I'm with you. Plotting 7TB a day with the expectation of solo mining a block is not sustainable, even if hard drives were available. In reality for most farmers, solo mining was a realistic option for the first month after launch. Once HPOOL came online the net space growth rate was unmanageable in trying to just keep up. We really need the official pool ASAP.

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

yep when hpool come up network growth rate change form 10% per week to 40% per week 

it hard to solo mine in this day if you not have luck