Hey all,
Rigs:
Over the last few I have been playing around with chia plotting. I took one of my computers out of mathballs, an i7-2700k overclocked to 4.6ghz + 16gb ram + 6tb slow storage to mess around with chia. I added a 500gb WD Black SN750 NVME running through a PCIE to NVME adapter and got to plotting. Running one plot at a time because of the 500gb NVME I gave each plot all 8 cores, 8gb ram, and let it get to it. Average plotting time was about 5 hours per plot. I have now filled all 6tb of slow storage so I am at the point now of decided if I want to get serious with this or walk away.
By getting serious I mean I plan to run 3 separate systems, one desktop and 2 server. The desktop would likely be a 1st gen Threadripper 1950x and 64gb of ram. A guy is willing to sell me the system complete with AIO and an expensive case for $500USD. I figure that, whatever happens, I will be able to sell this system at a profit. With this cpu and ram + 4tb of NVME storage, I should be able to run 15 plots in parallel, and I imagine 30 per day.
The server systems would be something like Dell R720’s or some other 2u Dual Xeon E5-26xx v1 or v2 based older model server that I can pick up rather cheaply. My plan here would be to swap the CPU’s for e5-2667 (8 core, 16thread 3.3ghz 4.0ghz boost) but I will likely only run 1 cpu in each server to start. I may add enough ram to run a ramdisk but I am leaning away from that. On these I might run an NVME through a PCIE adapter but likely not. My plan for the first server is to throw in 4 used 800GB SAS SSD’s in Raid 0. I imagine in that system I should be able to run 12 plots in parallel and probably 20 per day. In the other system I would go slow storage - just for shits and giggles - I am thinking 6 x 600gb 10k or 15k SAS HDD in Raid 0. I imagine I could pull 14-15 plots per day from this.
Is it worth it:
I think with those rigs I could do a decent amount of plotting. Throwing in the second CPUS and throwing in more temp drives would obviously increase that. So lets say I can do a conservative 60 plots per day on these rigs, which is, roughly speaking, 6tb of plots per day - so I need to provide for 6tb of slow farm storage every day.
Now, based on calculators, as of today if I have 1000 plots I will make about $3.71/day. Obviously, 6tb of a day of storage is going to cost me more than $3.71/day. So lets say I plot 6000 plots - so 100 days of plotting before I sell off the plotting stuff. Well then I expect to make $22 per day or $8200/year. But to get those 6000 plots I need 600tb of farming storage. Assuming I can get good used storage for $12/TB that is a cost of $7200 in storage space. So, at the end of the year, after all the investment, not taking into account extra equipment and failures - just considering the price of farm storage, I would stand to make a profit of ~$1000.
But there will be equipment failures, we do have to pay for the plotting equipment, we do have to pay for electricity to run this all, and on top of that we have to consider the amount of time we put into this. And all of this, of course, does not take into account the growth in net space over a year which will significantly diminish monthly profitability over a year.
So my question is this: given that this is the case - assuming my calculations and assumptions are correct - what is the point in mining? I mean, the only reason to get into CHIA at this point is because you believe in the coin and believe that it will increase in value over time. This being the case, why the hell would you mine it and not just buy it? I mean, it seems to me that there is far less time and risk involved with just buying the damn coins.