Chia netspace going down Has anyone noticed the large drop in Total Netspace? As of right now its 28. As we assumed that whales own 50% of space, this will be where most of us (most nodes) will shut down. For us the journey is the reward, and breaking plotting speed records is even more fun that overclocking and benchmark competitions. This is probably why we see a lower netspace, many people Chia blockchain (XCH) Network Space Chart or Netspace Chart shows the historical measure of the space allocated to Chia blockchain (XCH). You are best looking at netspace on chiaexplorer in log view or and average over the week as it tends to very by up to +/- 4% a day (1. So to the question, is it 'slowing'. 5. It’s tapering off because This increase in netspace will slow down once profits drop. For example, if your farm consists entirely of C3 plots, according to the plot compression table, your farm's effective size should be 20% larger Why the netspace is going down? Netspace going down as of May 9th, 2021. I just like the consistency, but I am down on the rewards. Otherwise, they might as well buy it often exchange versus going through extra steps to convert electricity into magic internet money. I just want chia to remain true to it's green roots, and be as green as possible without turning into a spreadsheet. It has a circulating supply of 13,957,509 XCH coins and the max. I have been watching the netspace for a while and after hitting the 6. Earlier this year, we shared our progress on new technologies that we believe addressed two pressing issues:. 4 and older might be making invalid blocks that are ignored by peers. yo bram go fire few more russian programmers that will help! ksevin March 8, 2022, 3:31pm 17. 89 per XCH with a 24-hour trading volume of $4. Going down means people are pulling their existing plots off the The hpool-chia pool has been attacked more than 70 times and is still being attacked at 2-3 times a Chia is going to end up being about a 9 month ROI once economic forces balance out. He has said he wants the coin value stable, as Chia's value to him is a financial system, not a speculative coin. It looks like it is going down just to return "normal growth" after a few hours. Why the netspace is going down? Any suggestions? image 1506×817 55 KB. 34313 < DD < 1. Welcome to r/Chia! This unofficial subreddit is dedicated to the open discussion of In my opinion, Chia is having an existential crisis among all the other troubles. Relax and watch the world burn meanwhile. Pools have no Honestly I’d hope that everyone do what they can to support Chia and attend the upcoming chialisp workshops. Beginner's Guide. 44 USD with a 24-hour trading volume of $10,981,397 USD. Assuming that 50% drop in netspace will result in 2x more XCH farmed, as such those whales will still be in black. So anyone know you presumed that the netspace would not expand so much that eventually renders your own plots meaningless. If you have kept track I’m sure there are a good amount of solo farmers shutting down whilst they’re away visiting family, etc. EDIT: And for price prediction , well if the NetSpace Stopped growing the yield on is I could buy a triple scalped RYX 3070 and mine Ethereum and still reach the ROI less than a year. And here we go, the daily "DUDES NETSPACE GROWTH IS SLOWING DOWN" thread. Not even solo farmers. Skip to main content. However, with lower Chia price, farmers don't really have good options other than keep farming. Switzerland July 12, 2021, 12:33am 15. Chris22 July 11, 2021, 10:21pm 14. Going up, well having XCH at a better price , you can sell and start farming So who’s the idiot that wants to pay 300$ / 16TB= 14. If xch price blows up, you won't have very many xch farmed to benefit from the price mooning. If Chia company offers $1M as a winning to developers, I am pretty sure more than 30 projects will be built up in Chia Network. The last 8 hours the chia netspace has dropped from 12,4 EiB to 11,6 and still going down does anyone know what is going on? Those with OG or low compression levels might not experience many hiccups, but those with high compression levels may have to buy more hardware and/or reduce compression levels to So you might wonder "why" the netspace is recently sometimes decreasing. Try to understand the reason. Or even more tbh. As for the speed of the conversion, I have a few reasons. I guess that nossd v3 is going live soon with 2EB start up. They have to do something otherwise the netspace will go down very soon, in like a month or even faster depending on the price of Bram specifically said that farming Chia will become unprofitable, and has planned for this. This because the under performing farmers get kicked out. Chia netspace has a huge recession. So, Chia-the-company must have created a formula that says "if rewards are issued at the rate of X, Netspace is going down only because farming makes no sense, since buying XCH directly gives more returns (if any) and zero hassle (no need to buy hardware, Using DD to represent the double-dip advantage,. Few People On top of that, if you are still plotting on SSD in hopes to win sooner, that is your fault. Chia is not worth investing into even from it's fairly new debut. Discover. Currently, Chia is valued at 99. The Chia netspace expansion leveled off when XCH price was at around $200 Either a coin moons or it goes down to IMO the biggest thing going for chia if it moons is that there is a lot of constant onboarding of storage and if the price was right big data providers and hosts would likely leverage middlemen or have in But you could already just delete a plot if you need extra space, right? If they add compression, while it might be "nice to squeeze the same amount of plots into less space", you'd be now making less Chia for those same amount of plots. Assuming Chia price don't go further down (which I think it will). I suspect the first time a real exchange has chia the price will go up. Pretty disappointed that price is keep on sliding down; luckily netspace is going down with it, recuperating some of the loss income and there is no complete price crash. Actual companies are having difficulty getting drives now so we're entering a soft cap for netspace. On the other hand, netspace growth has been slowing down for a while so maybe it’s not that surprising that it’s not going that fast anymore. Is the value of Chia going to be as volatile as other cryptocurrencies? This led to a netspace calculation that was lower than the actual netspace. 8XCH in your pocket today? If netspace blows up, your $10k investment loses value as you will earn less XCH. if chia price would really come down to $20 or had started right away with that value, NOBODY would consider farming, even at 0. juppin July 9, 2021, 9:12pm 8. 51. The netspace explosion means you would have to spend ££££ to earn a decent amount of actual chia. So without there being a huge demand to own chia it will just keep going down and down. Welcome to r/Chia! ADMIN MOD Why does the total network space keep going down after today's blockchain glitch? Based on my observation, the total net space decrease from around 3. By the experiences, Bitcoin’s prices is related to the cost of mining. Is this purely because of luck? instead you have chinese warehouses farming chia. In fact it is not decreasing, but this phenomen is a proof that the netspace is consistently slowing down its Chia price is going down and netspace too, so earnings remain the same. That time has come and gone. Once it hits $100 a coin, I think many people will just stop plotting / buying hard drives. Got 20 already. 70/day? no. so guys question is how network diff still grow? greetings. I see so many questions passing by (which as you know I often If you had $10k to bet on chia, why bet on the possibility that chia netspace won't run away again vs the certainty that you can lock in 35. 5 and 1. I can now mine ETH at higher rate, could buy some cheap tes ready for staking and the values will go back up in time. Sometimes you just gotta do it , as they say on r/wallstreetbets EOS onchain activity is continuously going down. For example, if your farm controls 1% of the netspace, While waiting for your plot to be created, feel free to browse through the Chia application. (They have the reserve to achieve this) The netspace is large enough to support Chia. This past week it seems like we are slowing. No, this one is a question for those out there that are into Chia just for the money. Chia netspace is growing and the price on the exchanges are going down. You can be certain electricity costs won't be going down, hardware won't get any younger and less worn, so a 10x increase of XCH price for a 10x larger netspace is actually a bad outcome. It is not the same as going from 30EiB to 40EiB which is why these numbers need to be viewed on the logarithmic scale. 20 is current Netpsace, 55 is target netspace, t is time in block-height, 300,000 is time taken to reach 63. Always go with the people who have significantly invested their time in making Chia better, and don't go with the 50 pools that announced themselves yesterday for the sake of it. But netspace considers last 4608 blocks at any moment while difficulty cares about 4608 blocks since last difficulty adjustment. It’s inevitable that most farmers large and small will be in pools once chia gets off the ground and we see ~100 EiB netspace. I would like to avoid this measure, which increases the energy of farming, if it is unnecessary in this situation. And you're going to need some creative storage solutions to efficiently move plots from your supercomputer to some other storage so you can keep cranking out plots. Netspace growth does not imply that the XCH price will go up or down. g. Is chia down for anyone else 20 + 35*(1 - exp(-t/300,000)) might be a function accurate enough for netspace growth in the short term. Well the slow down argument is doubtful, when you pay a transaction fee it gets handled with priority Maybe it is a whale who wants to get economic advantages? To discourage competition to stop farming. If chia takes off, let's say it hits $1,000. Is it likely? Maybe, when the price will drop further down so the whales might get less money out than they put in (for power e. Especially because if the chia price does rise, the netspace will too, keeping your earnings flat or worse, whereas if the price falls the netspace might well remain fairly static. You To spoof 1 EiB of netspace, a grinder would need to rent at least 15 million 3090 GPUs. 762EiB This will result in the netspace dropping, as netspace is estimated based on the quality of proofs coming in. I'm going to keep the farm on since my Plex server is always on, and it's a Steam client for my home theater and a bunch of stuff. Don’t panic. If I take it down to 250 TiB, I don’t get any warnings. I hope for low price that limits the growth. Higher Energy Consumption from Compressed Plots: Tools like DrPlotter allowed for smaller plots but required significantly higher ongoing And if price comes down, then netspace needs contract also, as surely you will not run your machine at a loss. If/when I stop adding more plots, that number will stop climbing and gradually start going down as the netspace continues to grow. I'll shut it off if Chia the company folds or XCH price drops to pennies. It’s all based on supply and Global netspace growth rate has been increasing since mainnet launch, (as people have educated me in this post) the chia network growth will have to slow down within 10 or 20 weeks, constrained by the number of hard drives in the world. Our best guess is that we are missing less signage points due to an improved farmer+layers on our node and we have less stales due to our website making stales very clear so people can fix Get the Reddit app Scan this QR code to download the app now Why is XCH going down? General Chia Discussion. No, they’re too small for that. Some background. SPACESCAN. With an unbounded number of timelords, DD will exist in a range, such that 1. Block chain might be not reporting the correct amount. I've seen this movie before. Large operators will see the profit quickly, are able to plot quicker and set up quicker. x EiB) and difficulty adjusts both up and down over the course of a week due to the randomness of block creation. At so low prices, even for used SAS drives, it takes 3. In other word, after 300,000 heights the netspace will be Now a days I see a lot of farmer post selling their farms even as big as petabytes! How should I explain this? Is chia farming going to nowhere? Or should I feel happy that big farms stop running and we who believe in chia future will mine more xch per day? I don’t know. What is the relation between total netspace and this coin? Is it with more netspace the difficulty/expected time to win goes up and what does that mean in noob terms for someone who is just getting started? r/chia • Netspace going down but unique adressen going up? That would be great. So keep going. This is pretty simple math. Historically the price keeps going down which leads to a situation where people feel the need to short. com result shows 0. I'll only re-plot if I can do it on my existing potato hardware, currently not an option. At 12 EiB my farm will generate about 60 XCH a year. TL;DR: Chia is essentially CPU mining and the majority of us are not going to make any ROI from their rigs. 0 | Posted by u/FerrinMass - No votes and 23 comments Holding chia, 150 Tb farm Thinking about doubling, especially that now might come the time of netspace growth going down. 18 votes, 29 comments. 4678. 762EiB (from my windows GUI Farm tab). hpool can conduct a 51% attack. Unfortunately, the netspace will be 4+ EiB and difficulty at 250. If it falls down to like $1 then yes, in every case it will be more profitable to buy chia instead of farming hardware, if it remanins at a decent price, then it will be still more profitable to farm for a year with falling netspace than buying and holding directly. . 85 XCH now, and if it goes up significantly anytime between now and 20 months from now, I've made out much better than someone who paid $120 for a HDD and 6 months later, they only have 0. But the more I add, the more frequently I get warnings. There is quite a lot of difference. This is because the attacker will only be able to build a single private chain. At the time, it was increasing by about 33% each week. I think we're going to see more of that post-May 3 when LTT and the like start doing Chia-focused videos instead of mentioning it in passing, but I think the kind of hPool ultra-industrial mass explosion of Network Space we all fear, personally, I don't think really. Then slower as global netspace expands. I strongly think Chia company just trying to do something without spending their funded money. So I can’t buy it yet. Nothing is surprising me here, we see Everyone should update to 1. • It's worth noting that the all-time high for Chia's netspace growth is while the all-time low is significantly lower at . That entirely depends on how much you invested in the hardware compared how much chia price falls. There are people posting here with 100s or even 1000 plots and no wins yet, even after a month of plotting and farming and no issues. That said, Ebay'ing up some 3-4TB SAS drive lots I've found 30TB for $300, which would be around a 2 month ROI at those rates. space shows 0. I’m thinking about going solo with 350tb. Do not trust downloads from other sources. look at the numbers, hpool is the biggest contributor to chia netspace. Our income has decreased to half, after three years will be 1/4! But if I look from the optimistic side, It's hard to understand just looking at NetSpace. For traditional IPO, private investors would need to pay for the netspace!!! Now it appears that Bram used this Chia crypto as a bait for others (farmers) to pay for the netspace he needs to go IPO!!! There is a chance but it's not a very high chance and it's going down and down and down every day unless you're actively expanding hard. Did the previous The Chia Netspace slowed its exponential climb since we ran the post. The strange thing is that every Invest at least $1M to attract developers. Hope that helped you understand the relationship between price and netspace better. So what strategies do we have for plotting using as little power as possible? If replotting OG plots Eg, I spend $120 today and have 1. Not to mentioned that assuming that 10x netspace equals 10x higher XCH price is a Then the netspace will go up or down according to coin price, with whatever global crypto cycle we are in, bull or bear. Why is XCH going down? General Chia Discussion. Windows Version 2. Edit: for any1 interested, my theory is that Some one said is madMAx’s plotter caused the price goes down. That said, I still am not going around telling everyone that farming is profitable to invest in, mostly because All these farming shills who tell you to buy chia (and not increase netspace) can never point to a moment when buying chia would make you a profit. Even then, this is an order of magnitude less than the resources needed to control half of Chia’s netspace, making grinding practically and economically unfeasible on a large scale. What Due to netspace and random luck distribution the higher the netspace the more "noise" there is. To correct this, we have Who really knows the numbers tho Its unpredictable. The netspace would stop growing (or slow down dramatically). They can withstand even Posted by u/MoistMaster-69 - 1 vote and 7 comments Regretfully, the netspace is getting too big, you have to keep plotting and spending money on hard drives JUST to maintain the same odds of winning you had before. Unless the way Chia farming changes and the revenues become like POW coins like Ethereum and BTC, then it is nearly impossible to gain profit reasonably with your average harware. when bitcoin down around 30. The time when netspace fell was the time when the price of XCH went down. You may be over doing it Posted by u/BLS12-381 - 12 votes and 190 comments Netspace is slowing down. As the Chia netspace increases so will will the security, and therefore the price and network difficulty (time to win). I get it, running cost are low. Because my contribution percentage will be going down. Usually this is the mechanism that helps farmers when the coin price goes down. No, it's not shrinking. GPU mining is dead for now, so chia could be the next thing. I was in a similar position where to break even the price of chia would need to be around $10~$15. (Of course I will accept it if necessary) ps. whatever is going on I think is causing my luck to go insane since a large part of the netspace can't/wont respond, however it's still within the realm of possibilities. But certainly it looks like netspace is growing at 10% every day, not showing any sign that it's going to slow down. Team. We are now all relying on price to moon as actual chia held in peoples wallets is low compared to early days of Bitcoin mining. Chia is down 3. I’ve been wondering Good I hope it keeps going down so I can pay off my 200Tib of HDs since 2021 Energy use is low so it’s slowly profitable. the network space is going to FAR outstrip anything I could accomplish. ah! Your chances of solving a Chia coin block are basically equal to your portion of the total network space (netspace). A high Chia price means outpacing the small farmers. The netspace is calculated regarding the amount of proofs that are found compare to the difficulty. Just keep your head down. I could keep up forever (not going to happen). Now XCH prices are low, farmers are quitting and netspace is going down. I see positives here for the longer term farmers (and miners). It does this every day after the difficulty adjustment. Chia is not dead, the game has gone from a sprint to a marathon. Do you think chia will be $200+? I don't like how worried you sound. Chia Forum Netspace very close to 20 EiB The investment was not for the 3 to 4 times speed increase The investment was into a more robust security improvement overall for the chain by ensuring that several dozen time lords exist in the hands of many different entities all around the world, sp that for the next several years they will always be the fastest timelord, removing room for bad actors to attempt shenanigans with The pools are here, everyone is hyped but the price of XCH is going down. If chia netspace drops consistently, Reply reply DrakeFS • I doubt that you are going to notice a ~3% drop in netspace, unless your farm is measured the hundreds of PiB. 46K subscribers in the chia community. Netspace going up is the plan. Plus people are still filling their drives from last month. It is easy to understand given the price of XCH and the emergence of plot compression. 865 EiB, Down 10% or so from it’s peak - and Chia pricing tends to UNDERPERFORM Bitcoin pricing. 000 usd what chia price will be? but graph card not working like that you can mine almost all coins and sometimes eth price resist stabile when bitcoin falling down. The impact in netspace going from 1-10EiB is the same impact on your farming revenue (or chance to win) as going from 30EiB to 300EiB. That's a good couple months income for having plugged in some drives and clicked a few "ok" buttons. I guess the real question is when is the netspace going to slowdown from the average of 10% growth daily. At this growth rate, plotting speed might be the ONLY important thing, because it's basically now or never. However, if you shut down the application, It is, price going up or farming at very low scale is made much more accesible to casual users without running a full node, without the need to be running 7x24, without long sync times, etc. 5 = 81current price = 145Price target for end of 2022 is $11745After that it will pop back down to 4k and take accelerated bitcoin trajectory of 2017-2020 = 2022-2023. 00The circulating market cap would be $10,091,520,000. Chia designed the proof of space not to be infinitely compressible; Plot compression works with a “time-space” tradeoff, removing parts of the plot and recreating them on the fly during farming; By design, Chia is not going to turn into PoW due to diminishing returns. 000 usd. Reducing plot filters increases energy used by farmers at the cost of preventing plot grinding. However the time of get-rich-quick scheme is over and you probably expect a ROI of 6 to 12 months to break even if you spend 1000€ for a 28 TB rig. 0027 XCH per 10TiB per day. Common Misconceptions and Questions. Mine has been doing the same even after restarts Based on my observation, the total net space decrease from around 3. 5X) 2 * 2 * 1. The current CoinMarketCap ranking is #240, with a live market cap of $271,284,643 USD. At $20 it's probably not profitable for you. I sure in next two months, chia revenue can not catch the electric cost, chia price is down, trading volumn down, netspace boom. I actually have the same issue. Welcome to r/Chia! With netspace going down and price doing the same it's better to just buy XCH. If we can optimise the costs and chia does get to this Netspace and Price. Chia has the highest Nakamoto Coefficient ==> Well not anymore. Posted by u/Vjtcz - No votes and 99 comments Farmers should shut down whenever their operating costs exceed the value of the Chia they are earning. Chia. I’m having many harvester lookup time warnings that time is above 5 secs. I hope you aren’t worried about a de minimis pool fee. 222->177? Too sharp rise is a personal concern, but a too sharp decline is a concern about the failure of the entire project. 3 years to take back the investment. Chia will be releasing support through the beta program Soon™. We peak at 36-37 EiB and have drifted down to 25-26 EiB. 6 XCH when it skyrocketed, and then the following netspace rush makes that earnings significantly less going forward. This will be very difficult unless ALL the farmers (with the 51% netspace) downloaded the same malicious Chia client programmed by a Bram like level genius. 3-6 It would just level off or slow down. That’s interesting, but then 50 days ago it went from easy to impossible solo mining chia, all things equal hmmmmmm I would say that 1EB to 30EB is the cause effect of your lack of winning. Throw together a couple 10K raid 0s and plot for the next few months filling your space. 4 EiB - could we be plateauing (finally)? Or is there some other issue or whatever it is Please shed light Insight I can provide you from my market (a megapolis in the sub-continent) - the hoarders have finally got to existing hardware supply of I don’t get it. In a market so volatile a consistent approach is usually the best. EDIT (to answer to the comment bellow): Not commenting on people down there that seems to only think that the variance is giving you less rewards than expected, but never more or find a questionnable reasonning to proove you that because of netspace growth you get infinite more Chia in a pool, etc. A bigger network means a stronger coin. " I just want to greenest possible solution. space and compared with chia calculator. That is, if you believe in the project. I don't care if this is going to require k33's or even k34's. It started ~$1500, then it dropped pretty steadily over the day. Just keeping Exciting updates are on the horizon for Chia farmers with the latest iteration of Chia’s new proof of space format. Imagine the alternative - tomorrow you wake up and find netspace has gone down. That is why it would be great if. ROI hasn’t been there for months which is why the netspace is either static or slowly dropping. The market cap growth rate is decreasing but still going up. But when the revenue less than electric cost, it just burn their money. The halvening for Chia is about 3 years away, so would love to get to 200-300 XCH before then. NetSpace grows to 264 EiB, and everyone makes 5 per cent return on HDD costs in the long run. First; If you are into Chia just for fun (as I am), then this question is not for you. darios May 10, 2021, 5:28pm 1. Open menu Open navigation Go to Reddit Home. About Us. 3 Likes. I don't care if I have to replot. I started eth mining a few months ago, I bought GPUs at stupid inflated prices, and I'm still going to reach ROI in about 30-40 days. Is it because hpool is cashing o Chia farming has the unique problem of being PoST. 5 TIb aprox 14plots. NFT. Given a price of Chia of $1,000 after 3 yearsThen the market cap would be $31,091,520,000. 21% in the last 24 hours. 59 EiB!! Chia price is going down and netspace too, so earnings remain the same. I started mining crypto during the LTC hype and have done GPU mining with about 30-40 GPUs and later This ensures that even if a pool has 51% netspace, they would also need to control ALL of the farmer nodes (with the 51% netspace) to do any malicious activity. 5 * 5 * 1. Going further with your logic. At the time of writing, going by blocks won, they’re currently The live Chia price today is $19. If Chia were mined by GPU, a decrease in price will cause miners to switch to other coins, lowering the hash rate and keeping ROI somewhat stable. on top of this the price of chia has plummetted. But after that, when it suddenly decreased so rapidly, I started to worry. Version 2. BUT, the TTW is still essentially the same. If Chia goes up the netspace will go up accordingly. I also added many usb splitters to spread out the hard drives, but nothing changed. Netspace: The total amount of farming capacity on the Chia network: EiB (Exbibyte) Chia network, Chia explorer: Plotting energy consumption: Average energy consumption to create plots: kWh/TiB of data: Chia community I recently shut down 1PB chia farm due to the fact that rewards were no longer covering even the basic electricity usage (so farming a total loss) But looking at the Netspace - it's definitely on a downward trajectory. Upon IPO, the Chia team and the private investors (excluding farmers who paid for the netspace) would get rich regardless. 5, because 1. this is ridicoulos. What will be interesting to see is how netspace reacts in terms of growth. Project large growth in the netspace and fight for your share. Ginny May 10, 2021, 5:29pm 2. Plenty of people are obviously fine with 100GB plots. As soon as the markets go high again. Posted by u/musclepaw - 3 votes and 14 comments I blocked 11 days ago and I was at like 108% luck, and I've blocked two times today. 19EiB to 2. WolfGT June 18, 2021, You can't use a "below linear" growth modele on Chia Calculator, and the netspace growth is obviously not even linear anymore. For Chia, it may slow down network growth which is benefit for us smaller folk. I don’t see it going to 100 anytime soon unless price explodes or some drastic improvements are made regarding the ability of GPU will use more electricity so we can drop that down to $4, and chia down to 2. This release includes the soft fork from CHIP-36 which adds the keccak256 operator to the CLVM in order to enable the support of Ethereum addresses. 07 EiB Apart from a very brief blip on 4 December 2022 it hasn’t been this low since 8 June 2021. 0 of the Chia reference client is now available for download. So I checked the numbers from pool. 3 for You can't store too many plots though, just because then you still need HDD space. I thought people would start buying coins like crazy with all the hype so its value would go up. Tax. Be smart, do not try to race the netspace. Eth mining is impossible to mine solo, but is still very profitable in a pool. In fact it is not decreasing, but this phenomen is a proof that the netspace is consistently slowing down its growing curve. Pool. r/chia A chip A close button A chip A close button Hey guys, maybe someone here can figure this out. Netspace is estimated from frequency of new blocks and difficulty is adjusted based on frequency of new blocks as well. All data is real-time, accurate and pulled Lots of people seems to have out of sync issues today. The current circulating supply of Chia is 13,957,509 XCH which means that Chia has as total market cap of 13,957,509. On the other hand, the decentralization might help later to pump the coin price!! Chia Livestream: Plotting speed and security in Chia When: Jun 15, 2021 05:00 PM Pacific Time (12:00am UTC) Where: Zoom or Youtube. Reply reply More replies More replies More replies. 75M. Right now even with the pooling protocol launched the price is going down and that is very concerning. So this computer just makes one plot and holds onto it until chia is done with it. 00Which would be quite competitive in crypto, It's all Although people who bought Chia at some points in the past are now way down, investing in farming has thus far done fairly well. Morningcoffee007 July 9, 2021, 9:23pm 9. 4EiB marker it is seemingly fluctuating between 6. Chiacalculator. You could argue that the more people involved in mining, the more likely those people will be to participate in developing Chialisp and actually use the Chia network (which would help drive the value of XCH), but that appears to be a very minor effect right now, in part due to a lack of pools and the grassroots Netspace has slowly been declining over the past 6 months. I just wonder what Chia means by Beta testing, no surprise really that people selling out their rigs and the fact that netspace is going down constantly. Explore XCH, NFT, Token, DID, CAT, price, netspace, mempool, address, block in Chia Blockchain (XCH) Or Chia Faucet (me) who has created chia-utils, which is the utility library interfacing with Chia network for stuff like converting puzzle hashes or generating coins. The total network space going down isn't good for anyone. The netspace, coin price, Chia are probably going to be worth 50 cents and then everyone who has greater than $0 storage costs will sell their farm and just buy Chia with it instead of making 50 cents a month. ; Total farm size effective-- The amount of space your farm is effectively contributing, with uncompressed (C0) plots as the baseline. 02% below its all time high of $1,934. I chose this approach because my portion of the netspace is still large enough where solo farming is reasonable and rewarding. 8 * 1. I have 330TiB. The next rise in netspace is due to the start of replanting to compressed plots. Explore Chia XCH, NFT, Token, and DID in one place. General Chia Discussion. The only way to keep your earnings from going down is to plot that extra 3%, not use it for something else. Yes, it has been decreasing. But at $200 it probably is. What I know from personal is going from chia-plots-creat (chia-net ) to mad-max, that HPOOL accepts my plots 100% same-same. chia farmers, chinese and others (including myself) are buying up consumer hardware, wasting just as much At the end of the day, all pools should have the same rate (over longer time/win periods) We thought so too We didn’t expect there to be such a large difference in profits. There is no reason to buy HDDs. For those Posted by u/mromanuk - 1 vote and 20 comments Over the long term, your reward for farming will be directly proportional to the total space on the network (AKA netspace). I recommend joining a pool or two. Every day the difficulty is adjusted to match the netspace such that there is always ~4608 block added to the blockchain. It now sits at $682. But please remember before transaction folks were guessing $25-$100, Those will roll in faster for a while, until I fill my 16TB drive ($300). At first, I was worried that my harvest was going down due to the sudden rise. Or don't and get your story for the future ready. In the above image: Total farm size raw-- The actual amount of space your farm is contributing to the network. My hope is we continue to drift down to 12-13 EIB over the next year. V:1. faster timelords were coming whether Chia made custom hardware or not, every generation of CPU was going to be faster than the last (well ignore 14th gen), so the network was always going to experience these moments every year as someone fired up newer chips and overclocked them Chia isn't built on proof of stake, so owning 50% of the coins does not make it centralized, anyone with enough money can buy half the supply of bitcoin but that does not mean they control it, The netspace / price ratio is going down at lightspeed and Chia netspace Skip to main Now that the math and risk is more straight forward, significant more investment is going into it, which will drive netspace growth. I played around with a similar setup to plot and farm on AWS. Waiting till it hits 3000 or even 30 000. 5 goes to the pool. In Chia’s case, the main costs is the plotting by the past days, and the cost of plotting is going down, therefore, XCH is going down. Now that doesn't mean it's going to be $10, $100 or even $1000 - but you can be sure that it's going up with the netspace. By spamming the network, the NetSpace went down, at least at the start of the dust storm. I said it’s not the only reason I’m no expert in business economics. 5% of the journey. If you have a shorter horizon then that, investing in farming chia was a bad idea. 00196 XCH per 10TiB in the past 24 hours. Going down it’ll be even worse . ) But if you invested several 10k$ in this, your are not likely to chicken out right now. supply is not available. The chia calculator expects I'll make about 18 XCH out of this setup. I have similar situation, I invest 1200$ and gain nothing. With a single timelord, DD is always 1 (no advantage), regardless of the timelord's speed. This impact is supposed to be greater during the front end of emissions. Nothing is surprising me here, we see the same behavior with BTC, Firstly that the Chia price doesn't drop further, and secondly that the netspace doesn't grow significantly. can. 25 , I personally think the block rewards should be . This range has a maximum value due to the minimum of 16 • It's worth noting that the all-time high for Chia's netspace is EiB while the all-time low is significantly lower at EiB. 1. The current price is $18. If we translate this to Chia, your reward for each Chia dropped to farmers would be equal to your share of the netspace multiplied by 1 Chia. So they follow the same metric but they may be slightly of sync. The official Chia app serves as both a lightweight wallet and a farming (nodes) tool. I still got with GPU mining people will just sell cards once the profits gone for an easy exit, its a bit different for a chia farmer as who's going to buy a rack of 16tb drives, and you already burned $1000s in Spacescan is Chia explorer. I have 30TiB that give me 0,23 XCH/month, at $20 (17 EUR) i would then gain 4,6 EUR/month. We need to find a path forward to bring stability Okay, so now that netspace really has plateaued, at least for the time being, plotting fast has become unnecessary, the race to stay ahead of the netspace increase in order to keep up the frequency of your rewards has come to an end, or at least is taking a well-earned break. In majoritarian systems the winner takes it all, Nope, it's actually going down. But everyone just plotting and plotting. As netspace grows, the difficulty 46K subscribers in the chia community. Before we were seeing about 300 PiB/day growth but: Chia is going down because the Chia doesn’t have a netspace problem. Many topic said they invest for long term. Chia is the Green blockchain with brand new amazing technology ==> No it is not, it is yet another Proof of Work chain and it is becoming more and more GPU based solution. remember guys , heey! bitcoin still 48. Get real-time updates on price, netspace, mempool, address, balance, height, blocks, and coins. So this is my Saturday night economic forecast for Chia. 1 Cent/kWh. The nature of Chia did seem like it would be quite difficult/costly to be reactive, Well, I’m calling it, netspace growth is slowing down! but at least I’ll feel good about it going to sleep . Those warehouses full of hard drives need to get shutdown so the Plebs can make Chia worthwhile. The pools are here, everyone is hyped but the price of XCH is going down. Well it’s not rocket science. 18but it's still dropping. It'll start like this "Yea, I was going to mine Chia but other's were making more so I didn't. 3-6. The more netspace there is, the more it's going to be worth. It’s now hovering between 31 and 33 exabytes, It’s weird indeed that chia netspace doesn’t go down. Chia's minimum realistic space to prevent a nation state or Google/Amazon attack is about 2 ZiB. Would I continue farming chia for $0. You have not ROId and need to keep going and fixed costs are likely very low for whales in china. happen with the physical supply of HDDs. Token. That, in my opinion will drive all sub-efficient farms to shut down. That's 2 big risks you're carrying but not talking about. Blockchain Explorer. Right now, Chia's netspace sits at roughly 32 EiB (Exbibytes — the binary SI It’s weird indeed that chia netspace doesn’t go down. Now its 26. This all-time high was the highest price paid for Chia since its launch. I’m sure netspace will drop below 20 EiB this weekend, its currently at 20. At the same time, committing half my plots to a pool serves to hedge against the risk of XCH going down over time and keeps a steady stream of XCH coming in. And as the speed slowed, I was relieved for a moment. The ROI was crazy good, sentiment improved and that drove the The official Chia app serves as both a lightweight wallet and a farming (nodes) tool. XCH may go up one day, as the cost of mining will increase price never go raise, its always going to down. 50 (or tree fidy when So a project like chia needs more going for it than a gpu one simply because it takes more technical the Chia netspace is already many times the size of the second place in storage cryptos. Trully transparent low scale farming can bring a heck more netspace to the network. If you've got XCH or just plots, you know you're losing. Large institutional investors notice what is going on and start investing (8-12 months 1. I am not sure if I should keep hodling and or sell my chia to expand. Farming can be scary, especially if you sink real money into it. I wish the block found rewards for pooling was more than . qptsp exhdq nnzn hoeek eoekmbaka uhub wgfpu tffj lsao khz

Chia netspace going down. Or don't and get your story for the future ready.