Chia - A dead investment. Any alternatives to recover?

As I always point out, people have double standard between crypto and traditional investments. Chia is only 3 months plus? And they are expecting to ROI in that time frame?

On the other hand, they are very patient to ROI in years with their stocks, bonds, etc.

People who invest in crypto would expect their ROI to be a lot shorter than what they could achieve with stock, etc. And this is very reasonable considering that they took a lot more risk in the crypto market. Otherwise, it would be stupid to play short-term and expect the same ROI as stock in the crypto market.

However, if you take long-term investment into consideration, both stock and crypto markets are generally good for long–term investors. Nonetheless, this is another matter entirely. But I believe that I could potentially get a lot more profits in the crypto market as a long-term investor.

My point is that it’s not a sin to expect a short-term ROI in the crypto market. However, everyone should have a plan B in place unless you intentionally want to take an avoidable loss once in a while :sweat_smile:

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Well, As for investment HDD mining there’s no turning back in foreseeable future, ROI will keep getting further. The only thing u can do now to cover some loss is by selling ur hardware

All the emissions are based on the source of the energy.

Dirtier often equals cheaper.

There have been worse evils in the carbon emission space than mining crypto.

8 of the top 10 solutions for the environment are food-related, so that should give some idea of where the real carbon emissions come from.

Bitcoin, ETH, and many other crypto coins were not profitable at the start. There’s a chance by holding Chia you will lose it all and there’s a chance you’ll make it big just like some other successful coins. Farming XCH is a high risk high return investment. No one mining bitcoin at the start thought it would be worth more than a few $ in the future. Several BTC/ETH miners quit when the price crashed in the past and then went on to regret it and wish they continued mining as the price went back up.

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Chris, I think people should decide on their own what’s best for them. You have your own agenda, you depend on us to farm Chia using your pool. People have to decide on their own if it’s worth it or not… As a pool administrator I think you shouldn’t advise people about what to do. They have to pay for the electricity, hardware, etc. not you.

Personally I agree with what you said but on the other hand I have money to burn. Not everyone can say the same. Right now, mining Chia is a very bad investment and it could stay like this for years to come or always remain unprofitable. No one knows. This is the truth, this is reality.

Chia is something new, it’s being tested right now. But we don’t know what will happen in 5 years, 10… 20 years with Chia. We don’t even know what to expect in 1 year.

So please stop advising people to replot: We need to all work together to get farmers off Old OG Plot Pools if we want Chia to be success and for us to make a profit

And to keep mining because you want what’s best for them… you don’t. Simply look after your business, advertise, etc, but stop acting like you want what’s best for us.

I hope it goes well for you. I truly do. Regards

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Totally agreed!
We spent a lot of time on opening a Chia pool cause we think its going places. If it was staying at the current price or going lower it would not be worthwhile for us even if we were EiB sized.

There is a good chance if you hold Chia you’ll lose it all. And there’s a good chance the value will double. If you can’t handle losing it all stay the hell away from crypto.

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It sounds like you’re losing it… mind your tone please.

Don’t forget a few folks, like me…or maybe just me, plot as much for the project as the profit. As a CLI OG farmer soon to be at 2PiB, I’d be happy if the thing found just one reward, which I’d keep for 20 years regardless of value. I’ll have written my own plotter before long, putting my unemployed coding to use. I look forward to continual learning and improvement.

Like anything else.

There is a spiritual component to this bartering of bits, subtle yet satisfying. More than worth the 60K I dropped for parts.

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Happy for you. I hope it turns into a profitable venture! :slight_smile:

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People who invest in crypto would expect their ROI to be a lot shorter than what they could achieve with stock, etc.

I agree with this, so OP has two options. Either go for the long ROI or declare this a failed investment. If this was a guaranteed win then the extra risk isn’t there and they shouldn’t expect it to be fast. If they want it to be fast then they shouldn’t expect it to be a guaranteed profit.

The quick-buck days are gone already, so now the only options left are to go for the long term ROI or to cut losses.

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Wait you are not even going to join a pool and accumulate some xch to hold for the longer term?

0.0 tell us more about this plotter?

made some XCH in May, now i am done. i will plot some of my capacity for spacemesh when they hopefully launch mainnet at the end of the year.

Oh, it may not be much to brag about…currently just a handful of code snippets I use separately, printing output to .csv files and whatnot. I code these things around my learning curve, and usually don’t formalize them until I get fed up with my current manual process. Slowly creating efficiencies as I identify them.

Otherwise have 10 NUCs, 9+1 harvester/farmer, and about 120 SATA drive bays, hoping to settle in around 2PB, from which I am a month or so away. No Chia yet.

Exactly what this guy said.

Pool operators should NOT be advising pool members on what to do with their investments.

If anything, it’s about taking less risk so people can enjoy their time farming.

It’s all about looking out for the community.

All I recommend looking at long-term timeframes to determine when the best time to hold XCH is.

It’s not rocket science. The chart looks super ugly right now.

One of these days I’ll do some basic TA on the XCH chart. Cheers.

You seem like a true weirdo… Don’t come in here and talk down to other adults like you think you are something special.

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Sure thing. Have a nice day

Daily volume on Chia - 100M USD - tell me one more time, this is dead investment xD. If You want to be a millionare in a month go play eurojackpot instead of farming crypto. Hate ppl like You, sorry.

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Wow, Chia main net is just four months old and you throw in the towel already.

When businessmen go into a business, they think years for ROI. If you cannot wait for a ROI, just do crypto or forex trading. Also, consider going to a Casino and who knows you’ll get lucky and be an instant millionaire.

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