Chia got my interest since sometime, and I really like the ideas of the project and got faith in it. At first I really wanted to plot, farm so get xch that way. I wasn’t really looking at what kind of storage I needed or how often I need new HDDs, almost I bought a suerplotter that can plot 100+ a day. But later on I realised how unrealistic this was, considering how quickly you would need a new expensive, big hdd to store them. And with the pools you get a more clear view on how much you earn with it, so when I bought a 11tb hdd it quickly became clear to me how innefficient & expensive this is. Like the disk I bought cost me 223eu in total, and if I plot it full it would make 0.6eu a day. However, unless the price of chia keeps going up (went mostly down lately), the profit lowers everytime as netspace grows. So an ROI of about a year and few months gets even longer like that. Then I’m not yet considering the cost for a good ssd drive to plot, now that wouldn’t be such a big cost if u use the right ones.
But still I can’t see how this is profitable, neither in long-term. So I’m wondering wny so many people plot, farm or like doing so, while it is as I’ve heard a few times… That you better buy Chia if you want to invest for the long run, rather than buying lots of HDD while they really don’t reward you much. I believe it’s simple logic to assume that you will have a greater return of initial investment if you bought a bunch of XCH at a now good price I’d say, than investing all this money into plotting hardwrae, and having to keep doing so, for pretty low profitability…
Now I looked at options for using some cloud host to store plots, and allthough it’s not impossible, it’s not worth it either as you hardly make a profit, even that will be hard.
So basically you need to get mass storage for free or at least very cheap, to make this worth it.
As the developpers said “to use non-used storage” for chia farming. But if you have to buy new big hdds everytime, this becomes crazy expensive, while the return of all your plots on them will lower as the netspace grows. Like if I would do this enthusiastic as I am, and make a 100 plots a day that would require a 10tb hdd every day again loll, which costs like 250$ here and that’s still cheap.
You could lower the price if you buy smaller, cheaper hdds but that isn’t recommended either.
So, am I right about this or is there something I looked over? I’ve also looked at the Chia forks and most seem to make very little either, or could compromise security.
Or are some of you just plotting cuz it’s fun and you want to increase your chances of winning Chia?