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Author Topic: CHIA XCH mining: Why mining without value?  (Read 2661 times)
wtfonly16
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May 11, 2021, 07:17:54 PM
 #61

lol its 95% clone of burst, 2y developing for what

FFS get real miners and stop hyping shit
If it's exactly like burst the project won't end well, look at burst coin today it's pretty worthless to me but honestly this chia is marginally different, it's really not PoC algo like burst, I suggest you read more about the project first
BURST won't end well ?? Worthless ??

I believe that chia coin is more than burstcoin will ever be, the whole idea of chia isn't just about the farming but yes people want to quickly get their hands on some coins, I believe what matters after all this is chia use cases, the use case have to be so good or else it will end up like burstcoin
will end up like burstcoin ?

Are we living in the same world ?
BURST is more than alive, is in active development with a strong team, with a good Roadmap and so on.
Moreover, the coin joined BPSAA team - "Blockchain Privacy,Security&Adoption Alliance", in the future 'ring signatures' and 'zk-SNARKS' will be implemented to introduce privacy and anonymity, which are so important in our time, when the state wants to shove his nose in your dirty panties and know everything about you and where you spend your money.
Join and don't miss it.
https://bpsaa.vision/
https://www.burst-coin.org


burst has been out for how long now? and its still only on 2 crappy exchanges, not mentioned anywhere, and 0 grandmas know about it...
meanwhile chia just finished releasing, and its already being picked up by amazon of all companies, and its on gate.io...
chia is some $1000 and burst not even 2 pennies... lmao

burst is going nowhere man.

ye i aint bares
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ZeeeN
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May 11, 2021, 08:30:01 PM
 #62

Resource news.mydrivers.com reports that Chia cryptocurrency mining reduces the service life of a 512 GB SSD from five years to two months, I wonder if you will have time to recoup the cost of mining during this time.
 
For 40-50 days of coin mining, a 512 GB solid-state drive overwrites 256 TB of data, although normally the daily write volume for such disks is no more than 20 GB.

1TB SSDs wear out in less than 3 months when mining Chia, and 2TB disks wear out in six months.

Since SSD manufacturers do not give a guarantee for drives that have exhausted their operational life, experts suggest that most of them will fall on the secondary market. Despite the reduced price, the speed and service life of such SSDs will be significantly limited.  https://news.mydrivers.com/1/755/755132.htm

Which is why Chia farmers should opt for higher capacities for SSD's as these typically come with higher TBW's as well.
That's correct, I'd say something between 2TB for plotting is better than using 1TB because of the TBW, anyways what I like about chia is the farming part, the headache lies in the plotting side which requires faster CPU and faster SSD unless you like plotting at a snail speed, I'm waiting on pools before joining the train


we need pools now network growth so fast around15% every week  if no luck or fast plotting machine it hard to get reward.


[remake this week chia price stable around 1K ]
Pool is the only answer, also another thing that's alarming is rumor that plots will be remake to farm on pools, if this is true many who are farming on solo will have to start the job all over again, that's alarming

official pool maybe around next week and dev say if they can't build pool they will let other people build after dev audit it change to official pool.

but when you want to farm in pool it need to build new plot to farm.
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May 17, 2021, 12:57:33 PM
 #63

Dev Chia Bram Cohen called on miners to abandon unofficial pools and announced the creation of their own protocol by the end of May, at the moment the main pool is considered to be the Chinese Hpool with a total hashrate of 2.2 EB In Chia Network warned that the client from Hpool is not developed on the basis of the official protocol and can potentially contain malware https://twitter.com/bramcohen/status/1390407484179763202



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May 17, 2021, 01:38:23 PM
Last edit: May 17, 2021, 02:05:41 PM by Vann
 #64

I also heard farming on HPOOL requires your seed phrase, which is obviously just plain dumb. I think it's fairly obvious that once pooling is launched, at least initially it's going to be fairly profitable at the current XCH price. For every 2TiB of plots which literally almost anyone can easily do with their current hardware should bring in ~$1/day in XCH accounting for 25% network growth a week.

https://chiacalculator.com/
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May 17, 2021, 06:31:07 PM
 #65

I also heard farming on HPOOL requires your seed phrase, which is obviously just plain dumb. I think it's fairly obvious that once pooling is launched, at least initially it's going to be fairly profitable at the current XCH price. For every 2TiB of plots which literally almost anyone can easily do with their current hardware should bring in ~$1/day in XCH accounting for 25% network growth a week.

https://chiacalculator.com/


hpool said they use api to convert you seed phrase to pool address and pool api  and they don't keep your seed phrase


it risk to mine  but if you have little plot and not have luck it hard to get profit in 2XCH


miner need to think before go hpool it mine with your own risk or wait other pool(but need to make new plot)


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May 17, 2021, 07:24:29 PM
 #66


hpool said they use api to convert you seed phrase to pool address and pool api  and they don't keep your seed phrase

it risk to mine  but if you have little plot and not have luck it hard to get profit in 2XCH

miner need to think before go hpool it mine with your own risk or wait other pool(but need to make new plot)


It's not good to share or give any of your keys, but in this case it's easy to deal with and people are overreacting about it

Create a wallet just for Hpool, use the key and let mine, when you reach the minimum amount to withdraw, 0.2 XCH, send to another wallet, and this wallet you'll have your key and never share with anyone

It's not hard to use this method, pretty simple to figure out

If you don't trust Hpool or don't agree with their methods it's another story and I respect all opinions

In my situation, I only have 10 or 12Tb to mine, so I prefer to gain a little money than try solo mining with HUGE amount of hashrate increasing everyday

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May 19, 2021, 03:38:53 AM
 #67

XCH is still valued at over US$1k even after the Elon Musk fiasco.  That's a mere 15% drop considering most cryptos out there bled profusely.
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May 19, 2021, 08:32:18 AM
 #68

Due to the increased demand for hard drives from the Chia miners, the prices for models with a large HDD from retailers increased by several hundred dollars. Since the beginning of the year, the price of the Toshiba X300 12TB HDD has increased from $320 to $500, the BarraCuda Pro 14TB has risen from $480 to $649, and the most bulky NAS drives have doubled in some cases. Now the IronWolf Pro 16TB costs $1087, although in April its price was $500. https://www.tomshardware.com/news/analysis-hdd-prices-skyrocket-high-capacity-hdds-sold-out


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badbart
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May 19, 2021, 12:39:38 PM
 #69


hpool said they use api to convert you seed phrase to pool address and pool api  and they don't keep your seed phrase

it risk to mine  but if you have little plot and not have luck it hard to get profit in 2XCH

miner need to think before go hpool it mine with your own risk or wait other pool(but need to make new plot)


It's not good to share or give any of your keys, but in this case it's easy to deal with and people are overreacting about it

Create a wallet just for Hpool, use the key and let mine, when you reach the minimum amount to withdraw, 0.2 XCH, send to another wallet, and this wallet you'll have your key and never share with anyone

It's not hard to use this method, pretty simple to figure out

If you don't trust Hpool or don't agree with their methods it's another story and I respect all opinions

In my situation, I only have 10 or 12Tb to mine, so I prefer to gain a little money than try solo mining with HUGE amount of hashrate increasing everyday
Do you know if you can mine with plots you already created?  I have 799 plots and zero blocks, I'll take the gamble.  The website doesn't have good English instructions.
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May 19, 2021, 12:45:56 PM
 #70

Do you know if you can mine with plots you already created?  I have 7999 plots and zero blocks, I'll take the gamble.  The website doesn't have good English instructions.


Are you sure? With that many plots you should get block every other day
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May 19, 2021, 12:47:52 PM
Last edit: May 19, 2021, 01:17:00 PM by badbart
 #71

Lol, one too many 9s, 799 a block every 19 days
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May 19, 2021, 05:44:04 PM
 #72

Lol, one too many 9s, 799 a block every 19 days

Don't give up the faith. A welcome surprise for me today  Grin

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May 20, 2021, 01:20:52 PM
 #73


hpool said they use api to convert you seed phrase to pool address and pool api  and they don't keep your seed phrase

it risk to mine  but if you have little plot and not have luck it hard to get profit in 2XCH

miner need to think before go hpool it mine with your own risk or wait other pool(but need to make new plot)


It's not good to share or give any of your keys, but in this case it's easy to deal with and people are overreacting about it

Create a wallet just for Hpool, use the key and let mine, when you reach the minimum amount to withdraw, 0.2 XCH, send to another wallet, and this wallet you'll have your key and never share with anyone

It's not hard to use this method, pretty simple to figure out

If you don't trust Hpool or don't agree with their methods it's another story and I respect all opinions

In my situation, I only have 10 or 12Tb to mine, so I prefer to gain a little money than try solo mining with HUGE amount of hashrate increasing everyday
Do you know if you can mine with plots you already created?  I have 799 plots and zero blocks, I'll take the gamble.  The website doesn't have good English instructions.

The owner of HPOOL speaks fluent english, top right hand corner you just click eng/chinese and your in,

Everything about HPOOL has been a lie, just sour grapes from the CHIA_DEV that CHINA has beat the shit out of the WOKE who run CHIA-DEV.
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May 20, 2021, 01:27:14 PM
 #74

Do you know if you can mine with plots you already created?  I have 7999 plots and zero blocks, I'll take the gamble.  The website doesn't have good English instructions.


Are you sure? With that many plots you should get block every other day

No problem, I have been on HPOOL for months, I get about 1/2 xch a month for every 200 plots, I get paid in XCH to my address every 5-15 minutes

Signup is easy, they don't ask for your private-key, you run a routine on your system offline that you signed your pool-public-key with your private key to prove ownership of your plots.

Then your done, you run their miner, and their .yaml file points to your plots, I have many old machines all hosting the miner client, so each has a name, works just like ethermine.org, or superpool.i, or any pool, IMHO so what all the pools are in china, hell bitcoin is 99% ran and owned by china, so what?

What begs the question, why the concerted effort of LIES to diss HPOOL I have lots of opinions on this entire reason I signed up is because when somebody tells me NOT TO DO SOMETHING I always do it, and sure enough they were wrong.

Most surprisingly the payout on HPOOL is 4x of what the chia-calc predicts this makes sense as the calc is 51%, but HPOOL its 100% this what your going to get everyday for N plots, and its 4x what chia-calc says

NO wonder they don't want people to use it, the western team intends to screw the miners, if people find out they make the most ROI on miner XCH on hpool then all the western scammers on chia-net lose.

Lastly enormous amounts of influencers on youtube are all on the chia-net payroll dissing hpool, you got to wonder who pays, they all read the same script, whats worse you correct their lies they delete your comments on youtube.
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May 20, 2021, 01:42:04 PM
 #75


hpool said they use api to convert you seed phrase to pool address and pool api  and they don't keep your seed phrase

it risk to mine  but if you have little plot and not have luck it hard to get profit in 2XCH

miner need to think before go hpool it mine with your own risk or wait other pool(but need to make new plot)


It's not good to share or give any of your keys, but in this case it's easy to deal with and people are overreacting about it

Create a wallet just for Hpool, use the key and let mine, when you reach the minimum amount to withdraw, 0.2 XCH, send to another wallet, and this wallet you'll have your key and never share with anyone

It's not hard to use this method, pretty simple to figure out

If you don't trust Hpool or don't agree with their methods it's another story and I respect all opinions

In my situation, I only have 10 or 12Tb to mine, so I prefer to gain a little money than try solo mining with HUGE amount of hashrate increasing everyday

HPOOL has their own plotter, which I don't run, this way I'm 100% compatible with chia-net plots ( stay to less than < 1.3 main-net ), in the future chia-net wants to obsolete all plots, and create a new format called 'portable-plot' of course this is 100% bullshit, as many of us destroyed our NVME drives building our plots and bram many times promised that the plots would be good forever

IMHO HPOOL rules they got 90% of the xch to date, they own the blockchain by consensus, they'll simply not accept the new plot format, and nobody in china wants a morons in the USA ( team-chia aka bram&hoffman ) pulling new rules out of their arse daily.

The chia-net in the west is 'woke' they have been told to plot & harvest solo, and make zero ROI for months, now their told to delete their plots, and also their told if they want to join the approved pool, they must POS, e.g. they must BUY xch for cash to join a pool, to prove their 'stake' this shit stinks to high heaven.

Egalitarian & Green my arse.

The good news as of right now CHIA blockchain is broken, it doesn't sync, the gui is broken, all the install scripts are broken, they rushed to 5may21 main-net with bug's galore and now the entire house of cards has collapsed.

This is good news, it means there will be a clone of CHIA run by the communtiy and coded by the public, and not a group of WOKE morons whose only goal is an IPO. I could go, but I think most here known greenshit when they see, one only has to watch videos of these 'founders' to see worn out losers out of their game, tier 3 programming manager who only know how to market and buy paid influencers on youtube doesn't make a software company.
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May 20, 2021, 01:56:01 PM
 #76



hpool said they use api to convert you seed phrase to pool address and pool api  and they don't keep your seed phrase



Liar liar pants on fire, just like bitcoin transactions, you run software offline with your private key to 'sign' a public key to prove you own the public-key associated with the plots you created.

I have been using HPOOL for months the setup took me 5 minutes

Once you create the signature, you paste it into your hpool.yaml file, which also contains the paths to all your .plot files on your land, you run ./chia-hpool-miner and your up&going, they also update the miner weekly

You can still run your plots on CHIA-network 'farming' as normal, but if it did hit your 'plot' ( big number like sha-256 hash in bitcoin is .plot file name ) NONCE then the pool would by definition collect first, cuz they got the consensus ( +70%), for months HPOOL has been getting +90% of the xch every 5-15 minutes, this is really what drives the sheep at chia-net mad.

I like how the OP here says "Somebody said this", .. THere is flake on youtube name CALEB who does the same thing he says "I have never used hpool, never visted their website, but in the next 20 minutes video, I'm going to give a 1,000 reason why its bad",

What 'caleb' will not tell you is he has his own pool, but its going no-where because he can't code.

Then there is the CHIA management, this has got to the worst run project I have ever seen, the CEO is personally on github fielding all the 'issues', the dev's are all working on macintosh working on separate parts of different systems, they have contracted out all the GUI and install scripts, and of course the GUI & install don't work, what's worse is the block-chain does'n't work it wasn't tested, I have noticed for months running it that it never stay sync'd every hour it loses sync for 10 minutes, everytime I post on github about 'problems' the 'management team' says "YOU GOT A RAM PROBLEM", like as if they're sentiment bots. I really think these guys are retarded.

Then there are their videos where they tell you they're only do this to do an IPO on the NYSE that they don't care about the project, that they want to be the next RED-HAT of crypto support. Funny thing is this is the management team that can't hit a barn at 1m.

So now the project is failure, it just got worse just yesterday HOFFMAN came out and blamed "RUSSIAN HACKERS" for the failure of chia, it doesn't get anymore rich.


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May 20, 2021, 02:14:19 PM
 #77

Hosting companies are beginning to block Chia mining, for example, a large German hosting company Hetzner banned mining on its servers after users began to mine Chia cryptocurrency with their help.
The ban affected cloud servers, hosting services, and storage servers. Explaining the ban by the bandwidth of the host systems and the need for large cabinets to accommodate hard drives.




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May 20, 2021, 02:31:26 PM
 #78

Lol, one too many 9s, 799 a block every 19 days

a 51% chance of winning a block in 19 days, a 49% chance of getting zero

go to hpool.com, 799, you make you an XCH every two weeks, right now I get 1/2xch per month for every 200 plots, you got 800, that's 2 xch per month, and now your getting zero

HPOOL pays out about 4x over what the chia calc predicts this is because hpool gets 90% of all the blocks and shares equally everybody gets a share every 5-15 minutes 24/7 deposited in their address of choice.

I start hpool months ago for the simple reason that the flakes at chia-net said I shouldn't use the pool, so glad I did now I have lots of xch, and had I listened to them I would have zero
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May 20, 2021, 02:37:12 PM
 #79

Looks like Biostar is releasing dedicated pre-configured farming machines on both Intel and AMD platforms.

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May 20, 2021, 03:31:26 PM
 #80

Lol, one too many 9s, 799 a block every 19 days

a 51% chance of winning a block in 19 days, a 49% chance of getting zero

go to hpool.com, 799, you make you an XCH every two weeks, right now I get 1/2xch per month for every 200 plots, you got 800, that's 2 xch per month, and now your getting zero

HPOOL pays out about 4x over what the chia calc predicts this is because hpool gets 90% of all the blocks and shares equally everybody gets a share every 5-15 minutes 24/7 deposited in their address of choice.

I start hpool months ago for the simple reason that the flakes at chia-net said I shouldn't use the pool, so glad I did now I have lots of xch, and had I listened to them I would have zero

If hpool get 90% blocks then whole chain is broken and everyone should stop mining until its fixed
But you either have their wallet to prove that, or took numbers out of your ass
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