What do you all think about the future value of Chia?
Will the value increase when pooling becomes mainstream? For a solo miner starting today, the value of the coin you mine per TB of storage is less than the value of the storage.
Personally I would not bet on XCH value increasing. The netspace growth curve tells you everything you need to know about the insanity of current price levels.
My advice for any future predictions would be to base them entirely on the fundamentals of the project itself. The price at this early stage is meaningless because at the current market depth, price can be shifted at will with very little capital.
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Is it though? If you have a few TB of hdds, full of plots, sitting attached to a stick pc using 10W and you scoop a coin (given that it’s a lottery) you’ve covered the costs many times over. Yes it might take 10 years or might take 10 hours.
Or assign them or replot them to a pool, where you should see a steady earn of XCH worth much more than the electricity and storage is worth at this scale.
Yes, if I have 48TB in a data centre, it would probably be a better ROI to just lease this space to someone, but I cannot lease my 2TB of old spinning disks in my desk drawer.
Are data centres filling their empty space with plots? Since empty space isn’t earning anything normally, and overwriting the plots when they fill the space with customer’s data which is going to earn them more?
How many home users here have experience running budget equipment for 10 years?
My i5/4GB farmer is from around 2008 i used it until last year as NAS, now it serves as farmer. My T320 server is also about 10 years old i guess… Both run okay for the moment.
However for power consumption i might get an old nuc/tiny pc as farmer, and i will shut down the plotter when the discs are full.
The Chia calculator shows for anyone getting into this that at current Chia price, buying new hardware is not profitable. You could be a whale, but at current price, it is not profitable.
Anyone getting in has to understand in the early days of Bitcoin, it was not profitable. People did it for fun. Then they got lucky when crypto took off. If you bought new hardware you are here for a moonshot, and you think Chia’s price will go up over time.
Now based off what we have seen so far Chia is popular. People are now invested emotionally as well as monetarily. I’d expect the network will continue to grow. And with continued growth I DO expect the price to go up. All it takes is the price of HDDs to remain high, and a few news stories about how one crypto currency is taking up 1/10 (as if!) of the world’s storage.
I believe Chia will go up over time. Probably over 2+ years. We are at the end of a crypto cycle where crypto peaks. Then it drops. If you want to get in (crypto or Chia) now, do it. But don’t do it via mining. 10k in hardware vs. 10k in purchased Chia, 10k in Chia will win every time, especially with current network growth.
So yes, I see Chia going up over time.
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