Quote from: OcTradism on Today at 04:24:12 AM

Quote from: o48o on May 16, 2021, 12:04:44 PM

Any calculations you do with chia, you should count in the fact that CHIA mining destroys hard drives quickly. The fact that they are trying to market it as an eco friendly solution is just misleading. Also there should be warning labels all over the site saying this:
Techspot: Chia farming can reportedly ruin a 512GB SSD in 40 days

That article is to spread FUDs.

You will see how inaccurate that article is in next two or three months. $XCH will have bigger mining communities and SSD won't be destroyed after 40 days or longer a little. Time will prove that article is written to spread fuds and collect SSDs at cheaper cost.

Quote from: btc-room101 on Today at 03:13:10 AM

Problem is chia is a scam, their plan is an IPO, the pools are non-existent except in China (HPOOL), and the dev-team for CHIA is hopeless as the code is full of bugs, terrible bugs. Remember they worked on this project 3-6 years, and then rushed to blockchain just a few weeks ago, so the only real testing just started now.

It is not a scam project but they chose good time to launch their main net. When the market is leading by Dogecoin, meme tokens and tweets of Elon, CHIA team took that chance and hype their coin. CHIA is not a first cryptocurrency that is mineable with hard drives but the biggest successful coin in this branch so far.

Launch at good time, good marketing and has a famous team member.

Products from that project are unknown but people have belief of good products in the future. The belief is reflected into the price.

Spend some time watch Bram videos, do some plotting ( mining on chia ), find out for yourself what's really going on, your opinion is based on your feelings, not on reality of having tested or deployed this software on your machines.

I agree they launched, but they were already long delayed, and this project is now from 2017, so its 5 years, I think they found a new finance source in late 2020, and rushed to main-net. The entire issue is the coin was pre-sold in CHINA as an IOU on chinese exchanges where it went from zero to $1600, before it was even launched ( may 5, 2021 )

CHIA-DEV doesn't even support pools, yet the chinese exchanges running the IOU scam, manage to cobble together real life chia-pools months ago.

The truth about chia? You have not a clue.

Bram&team have clearly stated their only goal is the IPO on NYSE, to be the next RedHat for crypto support; Everything is out of their hands; Most troubling is people on youtube ( the west ) are told not use the chinese pools, but in ASIA everybody is making money, and in the west everybody is running solo-mining getting a big zero, and destroying their drives.

IMHO the scam is simple; The chinese own all, they own the xch, and the pools, and bram gets the IPO, its a done deal, and the western supporters who are beta test guinea pigs for the main-net launch get the shaft.