As time goes by, lower price records are being broken and it seems like this will continue. What I can’t understand is why space still doesn’t falling down?
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Perhaps a lot of people are using their employer’s electricity to run their farms?
Or perhaps the majority of farmers only have a few drives, and see this as a hobby, and so they let their systems run – not too costly, if only a few drives. And if they are in a pool, they see steady payouts – not much, but steady.
I can’t understand why the price of hard drives has remained basically unchanged for perhaps 12 months.
With so many people throwing in the towel, and likely few new people jumping in, as well as many people selling their drives, then how are new drives maintaining their price?
Did the manufacturers reduce production, in order to not overproduce?
New 20TB drives cost $350. Are they really selling in quantity at that price?
Even used or refurbished drives, which cost far less, have held their price.
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I’m getting so close to throwing in the towel, not solely due to price, but that’s obviously a factor - less reward gives less incentive to carry on.
I’m simply getting fed up with it, and this time of year its adding to the heat in the house as well., making it quite warm and stuffy. Couple of months and we’ll be heading into the colder weather again.
My farm costs around £0.90 a day to run, and I’m earning around £1.80, after tax that’s £1.44, after electric £0.54. All rough calculations, so it could be worse.
If I had confidence the price of XCH was going to rise, even years down the road it would give more incentive to carry on.
Currently I’m busy with adding more solar, so once that’s done I’ll reconsider my position with Chia. I’m considering getting rid of my tower server, all that I need could be housed in an ultra small PC, if it wasn’t for Chia.
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Time to get almost free chia
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you actually believe chia has some influence on HDD prices?
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It had some minimal influence on chia mainnet start. Mainly on non-SAS non-enterprise drives. But now it has none.
You would better swap your plots into some better drive based blockchain solutions that give or will give better returns. Chia is dying and it’s price will go down for very long time.
HAHAHAHA same clowns said this about BTC.
The price has already dropped to 12.55, so it looks like there is no bottom here…
O. As it always was.
As a farmer, -$n is easily attainable considering costs … just saying.
Well yes of course your correct.
I was referring to the free mkt price.
No sane person will sell below 0 , and pay to have their coins removed from them.
Ppl gambling on future rises / mining at a loss also wont sell at a sub zero price.
When people like you cry others making money!
Whos crying?
Life is amazing, every day a blessing!
Do you lack reading comprehension ability?
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Price seems to have somewhat recovered from yesterday’s crater - but the netspace seems to have finally started dropping again.
Seems that some folks may have finally woke up and realized they’re losing money even at US average electric costs.
Hmm…
Colleagues from the pools are “going away”…
Not long ago it was a 6-digit value.
There are also “positives”, I jumped into the ambitious “1k” club on SpacePool 
EDIT:
A week later…
EDIT2:
Farmers don’t give up…
A few months ago I wrote that it’s not economically profitable for anyone to farm, but most people “can’t reach the magic OFF button”…
Faith in the project …exists!
(Although I still maintain that the name of the coin is half responsible for the difficulties…)
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$13.60 today. Farming is a great way to lose money.
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For those with a higher electric rate, it certainly is.
I on the other hand am still profitable, though the profit margin keeps dropping.
Net space is still 22.2EiB. It must drop soon, surely??
The CHIA price keeps dropping and dropping. Meanwhile, the netspace remains very stable, and the long-overdue, significant decline seems to be postponed for now. One possible explanation could be that there are far more large grinder farms than we think…
I have a feeling, that great amount of the netspace(maybe even half of it) is formed by handful of bigger farms with high compression rate and low energy cost. Even those farms will have a price limit after which we would probably see a quick collapse. Kind of surprised it did not happen already, so we can’t be too far from it now. Many of the smaller farms have exited already. I was so sure we could not go below 20$. Bought even more XCH at that point, but it looks like I was just trying to catch a falling knife. 3 years later and my investments are worth maybe half of a quarter of the money I put in. Never sold any the farmed XCH and now the I have pretty much paid the same amount of income tax on those, so I have basically earned nothing. It’s too far gone already, so I will just see what happens and go down with the ship. Not selling. This a decision I made already long time ago. Sad to see it play out like that, but there is still a small chia grain of hope left as long as the developement goes on and CNI keeps doing stuff. It’s like in the end of never ending story movie, where the world has come to and end, but it is saved at the last moment 
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