how much space do I need to Chia be profitable?

[Yan_]

I've allocated two plots of 101GiB, one is finished and the other is being created, is this worth?

for temp, I used a CS3030

 

[Hardcore Games]

A low cost 4TB hard disk is plenty of room for Chia according to those I know adopting it

 

[Superzuber]

With the current state of the network farming with anything below 30TB has really low chance of having the needed block and getting reward, there should be mining pools in few days available for small farmers. AFAIK it should be possible to join the pool with current plots with some adjustment. Also beware of joining any pool that asks for your private key (china pools currently runs this system).

 

[silentbogo]

Just started a little CHIA farming experiment myself, and AFAIK pools haven't been introduced to the system formally(right now each full node runs as a pool for itself).
At current difficulty and network size you need at least 30-40TB to have a chance of solving a block ~once a month (realistically it could take a couple of months).
So, the more storage you have - the higher is your chance of getting paid. It's profitable either way, but I assume you don't want to wait a year or two for a single block reward.
I'm currently at 35 plots, and in a few days I'll start adding more 4TB HDDs to the rig. Maybe dedicate my spare 500GB SSD as a TMP, so I won't have to torture my main 1TB drive.
Also, if you decide to plot in parallel, you may need a bigger SSD. My 1TB drive ran out of space within hours while doing 4 plots simultaneously, so aim at 300-350GB tmp per plot at a time, if you want to speed up the process, not run out of space, and not kill your SSD. Another thing to note, is that plotting in parallel will increase your RAM and CPU usage.

 

[ShiBDiB]

Chia has become completely useless to farm below 50TB (and is only getting worse). It scaled horribly once the whales jumped on it.

I'm taking a step back from it until pools are a thing.

 

[Deleted member 193792]

Most people didn't believe me when I told them back in March to jump in (a few days before mainnet was launched).

Oh well, it had a good run for me.

 

[freeagent]

I saw this video a few days ago.. I don't think it would be something I would be interested in

SSD Killer? We Tested Chia Cryptocurrency Farming for one Week - YouTube

 

[Hardcore Games]

I was discussing this with some Chinese miners I know and they also said Chia is useless now

This will eliminate demand for hard disks and SSD as people realize that Chia has seen better days.

 

[Deleted member 193792]

I was discussing this with some Chinese miners I know and they also said Chia is useless now

This will eliminate demand for hard disks and SSD as people realize that Chia has seen better days.

"Useless"?

It's constantly growing:

Chia price today, XCH to USD live price, marketcap and chart | CoinMarketCap

The live Chia price today is $42.49 USD with a 24-hour trading volume of $9,094,852.91 USD. We update our XCH to USD price in real-time.

coinmarketcap.com

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

Don't be surprised if it reaches 0.1 BTC (50k USD) at the end of this cycle.

 

[Hardcore Games]

 

[ShiBDiB]

This video is already outdated, 10TB is not profitable at all right now.

"Useless"?

It's constantly growing:

Chia price today, XCH to USD live price, marketcap and chart | CoinMarketCap

The live Chia price today is $42.49 USD with a 24-hour trading volume of $9,094,852.91 USD. We update our XCH to USD price in real-time.

coinmarketcap.com

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

Don't be surprised if it reaches 0.1 BTC (50k USD) at the end of this cycle.

We're not talking value, we're talking farming profitability. It's currently pointless to farm Chia unless you can dedicate at a bare minimum 50TB of space. It's a whales only coin right now until pools are implemented.

 

[Deleted member 193792]

We're not talking value, we're talking farming profitability. It's currently pointless to farm Chia unless you can dedicate at a bare minimum 50TB of space. It's a whales only coin right now until pools are implemented.

I agree that it makes sense to wait for (official) pools (not hpool!).

But personally I joined the network a few days before mainnet was launched and it was super profitable for me (with old/unused HDDs, so zero investment), sooo...

Few people listened though!

 

[sepheronx]

I am waiting on @silentbogo, that old Perogie to start his mining group so I can join.

 

[Space Lynx]

so what is Chia storing on your hard drives? is it just random numbers for the sake of mining? because if its personal stuff to help offload server bandwidth... that's a whole issue unto its own legally speaking...

 

[silentbogo]

Just a couple more weeks, guys. Backend is already there, settings are in config files, and UI for pooling is the next thing on Trello board. It's happening!

https://twitter.com/i/web/status/1393226565455015942

Although, the network size is growing so fast that I may still need to order half-a-dozen 4-6TB drives. Eyeing a SAS controller w/ Enterprise Dell drives on my next paycheck.

 

[Deleted member 193792]

so what is Chia storing on your hard drives? is it just random numbers for the sake of mining? because if its personal stuff to help offload server bandwidth... that's a whole issue unto its own legally speaking...

It doesn't offer cloud storage (like storj does). If that was the case, you would see much increased download/upload traffic.

It just stores huge "Excel sheets" with tons of hashes (hash tables) called "plots" (each plot stores around 4 billion hashes).

One lucky hash could be the winning plot... hence why plots are like lottery tickets (the more you have...)

 

[Space Lynx]

excellent more electricity usage for nothing but short term greed. I do hope they figure out how to use RAM as crypto next, humans don't deserve this planet.

 

[Deleted member 193792]

excellent more electricity usage for nothing but short term greed. I do hope they figure out how to use RAM as crypto next, humans don't deserve this planet.

HDDs don't consume a lot of electricity, especially while being idle. Nothing like GPUs.

Greed is a moot point IMHO. Non-gamers (they're still a majority, mind you) will say that playing video games is a waste of time & electricity.

Switch gamers will say that PS/XBOX consoles consume too much electricity.

PS/XBOX gamers will say that beefy PCMR rigs consume too much electricity.

See where I'm going? Criticism/moving goalposts just don't stop.

Human beings will never be satisfied, so just do what you wanna do. Nobody should feel guilt for doing a hobby, especially criticism coming from internet strangers.

 

[sepheronx]

Just a couple more weeks, guys. Backend is already there, settings are in config files, and UI for pooling is the next thing on Trello board. It's happening!

https://twitter.com/i/web/status/1393226565455015942

Although, the network size is growing so fast that I may still need to order half-a-dozen 4-6TB drives. Eyeing a SAS controller w/ Enterprise Dell drives on my next paycheck.

ah man. I gotta start saving for more drives. I wanna join whatever pool you are on. I figure why not use my mining rig as is to pull chia as well?

 

[80251]

HDDs don't consume a lot of electricity, especially while being idle. Nothing like GPUs.

Greed is a moot point IMHO. Non-gamers (they're still a majority, mind you) will say that playing video games is a waste of time & electricity.

Switch gamers will say that PS/XBOX consoles consume too much electricity.

PS/XBOX gamers will say that beefy PCMR rigs consume too much electricity.

See where I'm going? Criticism/moving goalposts just don't stop.

Human beings will never be satisfied, so just do what you wanna do. Nobody should feel guilt for doing a hobby, especially criticism coming from internet strangers.

I've heard this argument before. How many people game 24-7-365? No one I've ever known and no one I've ever known has even come close to 1/5 of that figure.

 

[Deleted member 193792]

I've heard this argument before. How many people game 24-7-365? No one I've ever known and no one I've ever known has even come close to 1/5 of that figure.

The proper answer is: "I don't care about what non-gamers think, I'll play as much as I want".

Non-gamers = your dad/mom/aunt/grandma etc.

A confident person doesn't care about what others think.

 

[80251]

The proper answer is: "I don't care about what non-gamers think, I'll play as much as I want".

Non-gamers = your dad/mom/aunt/grandma etc.

A confident person doesn't care about what others think.

No the proper response is who is wasting more power.

 

[Deleted member 193792]

No the proper response is who is wasting more power.

OK:

Chia is even less than BTC.

 

[Hardcore Games]

the sooner the speculative bubble is dead and buried the better

 

[Space Lynx]

OK:

Chia is even less than BTC.

your source is a twitter handle called @hasoverride wth is this. no.

this thread is useless and needs to be locked. learn proper primary sources.