Chia farming hardware acceleration
Home Get Started F. How S. Can crypto create the world's first authentic global carbon marketplace? Green Biz. In pursuit of ethical cryptocurrency San Francisco Examiner.
We are searching data for your request:
Upon completion, a link will appear to access the found materials.
Content:
- How to use mad max chia plotter
- A Docker image for plotting and farming the Chia™ cryptocurrency on one computer or across many.
- Team Group T-Create Expert SSD Review: Ultimate Endurance for Chia Crypto Plotting
- Chia Farming With Consumer SSDs – Endurance Issue Explained
- Raspberry Pi
- THE CHIA FARM
- Chia Plotting Guide to SSDs and HDDs for Parallel Plotting
- How to Start Plotting for Chia Coin, Using QNAP's QM2-4P-384 on Windows
- Chia Blockchain farming with Ansible and DevOps Best Practices
- How to buy Chia (XCH) in New Zealand
How to use mad max chia plotter
I am doing about 10 TB a day plotting. I have about TB that I have purchased. I am beginning to think that this was a huge mistake. The issue is the network growth. It is not slowing down.
The issue is that for those of us that are looking to get our money back or potentially help make a living the rewards are starting to be almost meaningless. On the advanced tab of the Chia calculator, If you want to get a reward a week, you need to hit about. Lets just call it the 1 week mark. That is a good living. The issue is that at 10 tb a day, it takes several months at an eventual accumulation of3. Let me say that again, 3. Then there is the issue of having to add plots to maintain that number.
There are a couple of Whales that are pulling down 30 percentish of the total rewards right now? Am I looking at that right? If you are a small farmer, your return on investment on a dollar drive, 12 TB, no hardware for plotting or electricity spent, is how long… over a year for sure.
This netowrk in my opinion is at risk of becoming centralized, to where only the big fish will be able to make it. I was planning on going to a PB of storage, but my return on that at the current CHIA price on the advance tab is over a year, and all signs are pointing entering a bear market.
I am not blaming the Devs. There is no way that they could have expected the net space to grow this fast for this long. But lets be serious. If you have 50 to TB, when will you ever see that money? I am guessing it will take way over 2 years including the money spent on a decent NVMe and other ancillary equipment.
A GPU mining rig, even at inflated prices looks like a better buy than the money that I am going to sink into this project. Not only that you can pivot from Etherium after it goes to proof of stake to another currency. Please tell me that I am wrong. The amount of flak I have taken on this forum for farming in the cloud rather than buying hardware has been most amusing.
History, of course, has proven me right. Mistakes are generally best fixed sooner rather than later. The market is about to become flooded with second hand storage. A forum that only allows opinions that it likes is not a useful or informative place to be.
Why would you ban this? Its a legitimate discussion that needs to be had. Even if a farmer goes to a pool, what are the rewards? The point of this thread is to discuss the issue, and see what the best options are. Is it better to plot to the cloud?
Is is better to not plot at all? Is there something that needs to be changed in how the rewards are handed out? If you buy TB of external hard drives at 30 dollars a TB, that is dollars. What is the reward for that TB on a pool… 10 dollars a day, 20 dollars a day who knows. At 10 dollars a day, you would be better off buying an ASIC miner and mining bitcoin, hence part of the issue.
Neither should you. On a side note, one of the issue with American culture right now is silencing people who you disagree with. That limits ideas, which is where solutions come from. Lets get this ball rolling. I would love to find out what the CHIA teams response to this is. I started plotting 2 days after the markets went online, with the hardware I have, in a year or 2 I should still make Chia even if current growth continues.
That might just cover the cost of my hardware, it might be worthless or it could buy me a house 10 years from now. The thing is that Chia become too big too soon and for most of us it would have been much better if it had started off slowly with a price of 10 dollars and became successful later. Then again, honestly, I would not have been here now, and regretted it later.
When I decided to start buying extra storage space I figured buy TB and plot it and see how things proceed and just delete the plots as I need the space. Everyone keeps hammering on about the network growth. When I decided to plot I plugged in a whole bunch of different scenarios. Even with network space growing exponentially till 40Eib and continuing to at PB a day after that I was still breaking even after a year.
With Netspace still under 20EiB I am not to worried. Does it make sense to plot right now? Probably not! Pooling would at least give some return - meanwhile those who have had rewards are quiet and those without rewards are upset.
I am plotting along with my meager hardware for solo mining while pools come online. Maybe its too little too late, but at least I have some skin in this game.
Only time will tell if it was truly worth it. Chia needs to become a platform to build upon, and we are all speculating that they will do that. Those that bulked up their storage and plotting may end up the winners of early and fast adoption.
So In response to this and only invest what you cant lose… I am in that mindset. When I purchased my equipment I understood the risks. I am disappointed and alarmed at the network growth. The question is not about pools, pools will not solve an issue of how much a TB is worth, especially if we are getting ready to go into a Bear Market for the next months.
I am wondering what the CHIA teams response to this thread is, and what their outlook for the currency is long term. I am looking at CHIA as a long term investment.
What does the CHIA team see in the future for. Lastly, how much of the network is made up of farmers that have less than TB. Is the network growth from someone in China that has cheaper and better access to the supply chain and has made a mega farm or several mega farms?
Or is this growth from the community at large? Surly the team has the ability to know the answer to that question. Will it lead to centralization? In fact, it will be the opposite.
More people will learn about Chia and set up farms using the space they already have, at a marginal cost of close to zero. Only idiots invest and and thinking about loosing.
Sure the global hdd supply chain will ramp up next round. Refurbs may be all the rage too. But the scalper market is lying in wait too. Even if sudden price breaks allow new miners to enter with pools this pushes the alarming net space growth up even further compounding on the plot more to score issue. The longer you plot the more you are allowed to plot.
A model where simultaneously having more and writing faster POW is irrelevant. It is because there is no certainty in investing. Anything can go wrong along the way. But anyway, different strokes for different folks I guess. Mining CHIA. Was this worth it. I think that this might have been a massive mistake General Chia Discussion. If it is any consolation, many others have found themselves in the same position. But We all have to make our own choices depending on our own situations.
This is your mistake. I have TB. How is this a repost? A repost from where? May the plots be ever in your favor! Project value and economic growth? Will there be any layer two solutions for the coin, where does the coin go from here to add value? I am looking at CHIA as a long term investment bad idea.
A Docker image for plotting and farming the Chia™ cryptocurrency on one computer or across many.
Behind every great idea, there are possibly! With a join history working in various infrastructure roles at Elevate Credit, Beagle is running a modest hardware setup hosting a TiB and growing farm. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Email address:. You should never give your private Chia keys to anyone - and we will never ask you for them. For further information on the Chia blockchain and XCH cryptocurrency - goto chia.
Team Group T-Create Expert SSD Review: Ultimate Endurance for Chia Crypto Plotting
Since the launch, the new cryptocurrency is surrounded by the controversy of causing a shortage of hard drives. The following questions are quite often raised with the name of chia cryptocurrency:. Well, there is no denying the fact that storage-focused Chia causes hard drive and SSD supply issues. The chia coins have created a bulrush on hard drives. The post will discuss the ways to use storage devices efficiently. Bitcoin and other cryptocurrency mining require high-end computers to solve complex puzzles to earn coin rewards and have been criticized for generating a lot of e-waste. A ghastly amount of electricity is produced.
Chia Farming With Consumer SSDs – Endurance Issue Explained
Chia power is the model for estimating power consumption on the Chia network, written by Jonmichael Hands, head of storage at Chia and formerly Strategic Planner at Intel corporation. Chia Network. Chia is the solution to the "Proof of Work" energy problem. Rev 2.
Raspberry Pi
This is a major milestone in the life of chia — the Pooling protocol is out and available. Go and grab the version of your platform from here. Less than 3 months ago the very first chia transaction happened. In the following days we got a real coin price which came in a lot higher than expected. While this was a bonanza for everyone who got in on farming early, it led to an explosion in netspace from about pebibytes at launch to over 30 exbibytes today.
THE CHIA FARM
By Shunz , April 30, in Lounge. Shunz 6 posts. TexasUnraid posts. April 30, Gonna be exploring Chia farming, of which I believe interested unraid-dabbling folks are extremely primed to be exploring! July 16, I have each disk setup individually except for those under gb which I raided together.
Chia Plotting Guide to SSDs and HDDs for Parallel Plotting
By tokyobitcoiner Cryptokyo 22 Aug Pooling started a while back and there's been some innovation there; for example Flexpool have developed their own pool software and FlexFarmer which enables you to farm plots, with Flexpool , with say a low power and cheap Rasp Pi 4 without running and maintaining a full node. Space Pool has accelerated and recently seems to have refined it's own operation. Next up a Metamask -like DeFi SPV wallet for Chia that installs on Chrome a simplified payment verification wallet doesn't need to download the entire blockchain to send and receive coins which is really smooth, Nucle.
How to Start Plotting for Chia Coin, Using QNAP's QM2-4P-384 on Windows
Proof of space will prove unused hard disk space to storage and prove the connection. Ensure time consistency and improve overall safety. Farm Chia on the unused disk space or storage of your desktop, laptop, or corporate network and, you have the chance to receive rewards in chia for helping as return, because of secure the blockchain. By making the farming process available to anyone with unused disk space, to farm Chia is moving towards the goal of a truly decentralized, to the storage and cloud industry, blockchain that will also serve as a cross subsidy. Create your first hard drive plot and start farming to earn Chia coins XCH. The Plot files are the main reason for increasing the reward.
Chia Blockchain farming with Ansible and DevOps Best Practices
I took some time to benchmark different plots in order to provide another data point for anyone out there researching what their plotter build should be. My machine specs are listed in the about page. A link to it is at the top right of this post. Below I give just some different configurations I tried of the K32 plot to see what the differences are. These were recorded on v1. To add context, these were all single runs. No other parallel plotting was being done.
How to buy Chia (XCH) in New Zealand
Many people mistakenly believe that Chia is a POC project very similar to Filecoin, through this article, take a look at what the difference between them really is. As the ecological industry chain continues to expand and the technical space continues to broaden, various tracks such as storage, public chain and NFT are poised to take off, with novel and diverse projects coming on the scene one after another, showing a thriving state overall. Recently, Chia, which has been dominated by major websites, communities and friends, has been soaring in popularity and is said to have brought the price of hard drives to a new height.
There are no comments yet.