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

[Sethrey]

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.

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[Bravehash]

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

Unless if one can get their hands on cheap HDD, I  can get 100TB for 500$ I'm my country and I'm thinking of giving chia farming a try but the plotting side is what pissed me off? Need to get faster CPU and costly NVMe drive to plot faster, kinda not worth it compare to GPU mining

[Starkick]

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.

Could you explain why you think so? I'm not very well versed in this, but it seemed to me that this ration combines two strengths.

[miner29]

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.

Could you explain why you think so? I'm not very well versed in this, but it seemed to me that this ration combines two strengths.

UUSD is running an online bot.  That is not mining...even if they call it that.  PoW is mining.  Nothing they are doing with UUSD or other so called "mining" like Pie network is mining.  Running a Node is not mining.  PoS is not mining. 

[Sethrey]

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.

Could you explain why you think so? I'm not very well versed in this, but it seemed to me that this ration combines two strengths.

UUSD is running an online bot.  That is not mining...even if they call it that.  PoW is mining.  Nothing they are doing with UUSD or other so called "mining" like Pie network is mining.  Running a Node is not mining.  PoS is not mining. 

UUSD is not mineable. It's uniqueness is in the fact that it's a privacy stablecoin, moreover, it's decentralized. Crypton coin from the same project is the coin that can be mined. You've mixed everything in one

[miner29]

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.

Could you explain why you think so? I'm not very well versed in this, but it seemed to me that this ration combines two strengths.

UUSD is running an online bot.  That is not mining...even if they call it that.  PoW is mining.  Nothing they are doing with UUSD or other so called "mining" like Pie network is mining.  Running a Node is not mining.  PoS is not mining. 

UUSD is not mineable. It's uniqueness is in the fact that it's a privacy stablecoin, moreover, it's decentralized. Crypton coin from the same project is the coin that can be mined. You've mixed everything in one

So we agree UUSD is not mineable.

Please point out where i said anything about Crypton? 

You are the one mixed up and putting words in peoples posts. 

[Starkick]

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.

Could you explain why you think so? I'm not very well versed in this, but it seemed to me that this ration combines two strengths.

UUSD is running an online bot.  That is not mining...even if they call it that.  PoW is mining.  Nothing they are doing with UUSD or other so called "mining" like Pie network is mining.  Running a Node is not mining.  PoS is not mining. 

Thank you, everything is a little clearer now. Although, I would love to know more about it. Because this stablecoin has made a lot of noise on Twitter.

[alexey_ssl]

Chia is an interesting thing.
It just dropped prices for HDD. At least in my country.
Because it was a hype-period when all was purchasing HDDs at overprices.
And now as it becomes not such profitable, many-many used HDDs (but with 1.5 - 2.5 year varranty left on it) are on po market.
I was even able to purchase some 4Tb Seagate green new condition for just 50-55 USDs.
It is now farming XCH on Hpool.

[Sethrey]

So we agree UUSD is not mineable.

Please point out where i said anything about Crypton? 

You are the one mixed up and putting words in peoples posts. 

I've mentioned Crypton because UUSD and Crypton were launched by one team of Utopia p2p project. And by the way, Crypton already has 31K active nodes. Not all the top coins can show the same result today.

[ZeeeN]

Chia is an interesting thing.
It just dropped prices for HDD. At least in my country.
Because it was a hype-period when all was purchasing HDDs at overprices.
And now as it becomes not such profitable, many-many used HDDs (but with 1.5 - 2.5 year varranty left on it) are on po market.
I was even able to purchase some 4Tb Seagate green new condition for just 50-55 USDs.
It is now farming XCH on Hpool.

same as my country no one hype to mine chia anymore in this time.

many people want to sell hdd all of 80TB-200TB.

[Starkick]

So we agree UUSD is not mineable.

Please point out where i said anything about Crypton? 

You are the one mixed up and putting words in peoples posts. 

I've mentioned Crypton because UUSD and Crypton were launched by one team of Utopia p2p project. And by the way, Crypton already has 31K active nodes. Not all the top coins can show the same result today.

Hmm, really? I can call this an impressive result. For a relatively new coin, such figures seem even too large.

[vuli1]

took long enough

[Metroid]

Chia is an interesting thing.
It just dropped prices for HDD. At least in my country.
Because it was a hype-period when all was purchasing HDDs at overprices.
And now as it becomes not such profitable, many-many used HDDs (but with 1.5 - 2.5 year varranty left on it) are on po market.
I was even able to purchase some 4Tb Seagate green new condition for just 50-55 USDs.
It is now farming XCH on Hpool.

Very soon will be time for gpus to crash so hard, idiots have been buying overpriced gpus no stopping, making huge farms and all those gpus will be resold 10 times cheaper than they are right now.

[Branko]

Chia is an interesting thing.
It just dropped prices for HDD. At least in my country.
Because it was a hype-period when all was purchasing HDDs at overprices.
And now as it becomes not such profitable, many-many used HDDs (but with 1.5 - 2.5 year varranty left on it) are on po market.
I was even able to purchase some 4Tb Seagate green new condition for just 50-55 USDs.
It is now farming XCH on Hpool.

Very soon will be time for gpus to crash so hard, idiots have been buying overpriced gpus no stopping, making huge farms and all those gpus will be resold 10 times cheaper than they are right now.

I remember when you wrote this...back in 2017 

[Sethrey]

Very soon will be time for gpus to crash so hard, idiots have been buying overpriced gpus no stopping, making huge farms and all those gpus will be resold 10 times cheaper than they are right now.

I believe that all that hype around chia was created exactly in order to blast the HDD and SSD market, nothing else. Because chia isn't listed anywhere still and I didn't find a person which could earn on it.. It's all a big sad game.

[philipma1957]

Chia is an interesting thing.
It just dropped prices for HDD. At least in my country.
Because it was a hype-period when all was purchasing HDDs at overprices.
And now as it becomes not such profitable, many-many used HDDs (but with 1.5 - 2.5 year varranty left on it) are on po market.
I was even able to purchase some 4Tb Seagate green new condition for just 50-55 USDs.
It is now farming XCH on Hpool.

Very soon will be time for gpus to crash so hard, idiots have been buying overpriced gpus no stopping, making huge farms and all those gpus will be resold 10 times cheaper than they are right now.

Nope you called the crash since jan of 2021 it is now sept 2021 so far you are eight months off.

Gpus are simply not crashing till late 2022 or early 2023.



you made a good call on the 2018 crash. you warned about it dec-jan 2017

So far you crash calls for 2021 are a fail. take a break and start the crash call back up in feb of 2022.

[Bitcoin_Arena]

Nope you called the crash since jan of 2021 it is now sept 2021 so far you are eight months off.

Gpus are simply not crashing till late 2022 or early 2023.

I believe the ongoing shortage of semiconductors has a huge role to play on how the price of GPUs will be in the next couple of years as they are part of the CPUs and GPUs. This  could mean a reduced supply of GPUs over a period of at least 2 years, keeping their prices high compared to previous years

[flip4flop]

Chia is an interesting thing.
It just dropped prices for HDD. At least in my country.
Because it was a hype-period when all was purchasing HDDs at overprices.
And now as it becomes not such profitable, many-many used HDDs (but with 1.5 - 2.5 year varranty left on it) are on po market.
I was even able to purchase some 4Tb Seagate green new condition for just 50-55 USDs.
It is now farming XCH on Hpool.

Very soon will be time for gpus to crash so hard, idiots have been buying overpriced gpus no stopping, making huge farms and all those gpus will be resold 10 times cheaper than they are right now.

Nope you called the crash since jan of 2021 it is now sept 2021 so far you are eight months off.

Gpus are simply not crashing till late 2022 or early 2023.



you made a good call on the 2018 crash. you warned about it dec-jan 2017

So far you crash calls for 2021 are a fail. take a break and start the crash call back up in feb of 2022.

I mean he cant be right unless he continues to make the predictions every few months or so. That way when it finally happens he can look like a genius despite the numerous calls of the top and being wrong. I was mining and buying back in 2017/2018 when he called the top. I didnt sell then either. I managed to replace my entire GPU mining rigs throughout the last year selling the 1070/1080tis for more than I paid for them during the top in 2018 and got 3+ years of mining out of them.  Bottom line is the top is only the top short term. A year or two of bearish movement and consolidation isnt a bad thing.

[santiPOGI]

A few weeks ago, hard drives began to fall in price, and some models are already 2 times lower than the May values. Everything is clear here: over the past month, the price of Chia has fallen by 3 times.

It becomes obvious why there is no hype for hard drives. Even if you imagine that in 2 months you will receive your 2 coins (2 Chia per block), then this will give you only $ 530. While we spent nearly $ 6,000 on 5 drives. With ever-increasing complexity, with a random chance and a falling cryptocurrency in price, it is impossible to return the investment.

So let's think about what other coins we can mine and earn.

1. Dogecoin. New blocks are discovered approximately once every minute on the Dogecoin network. For comparison, Bitcoin blocks are discovered approximately once every 10 minutes.
2. Monero. A Monero block is mined every 2 minutes, and we know that the current reward for mining transaction block is 4.99 XMR. So, by doing the simple math, we know that 1 XMR is mined every 24 seconds.
3. Crypton. You will receive Cryptons every 15 minutes (block generation time). You will also get Proof of Stake rewards on your Minimal Monthly Balance.

On the whole, such coins are worth mining as they're more eco-friendly than Bitcoin is, it requires less time for mining and fewer investments for mining.

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

If I am going to choose to mine a coin, I would rather go for dogecoin, because every minute it mined through new block discovered.
And I don't have any idea about in CHIA, except for checking it now at the coingecko where it was 192$ each, this is the first time I heard about it. So if the coin development is not doing any good for you, I think its about time for you to find an alternative way to mine other coins. Besides, there are more coins better than this CHIA and cheap but profitable.

[ZeeeN]

today price lower to 150usd/xch but weird net space not drop too much.