I thought this was pretty concise btc-room. I have heard about a bunch of problems, and as you alluded, there is so much bullshit out there about plotting and mining. So with that said, does anyone think its worth it to get involved at this point? Seems like something to dip your toes into but seems like its a trainwreck.
Thanks, here's the real deal, we can no longer get GPU cards for our mining rigs and our hobby.
My rigs pay about $30/day on ETH, been so for years, but now I can't buy new cards.
3 months ago I stepped into 'chia', I took a rig partially filled, added some hard-diks, and then on my super-computer ( 3 nvmes, 32 cores, 64 gb ) I started burning plots ( 108gb files ) that contain hashes, I can generate 32 plots a day, for every 400 plots a day I make 1XCH per month, I don't care just like ETH I just accumulate.
What about price, I really don't know, could go to to zero. If the arseholes at chia-dev continue to piss off china with their 'porn plots' then this thing will hump to zero, remember it was chinese ious that drove the price of xch to $1600, now $600, the plot space is still rising 8%/day, now its 9.8EB ( billion-billion bytes )
Lastlly, I just tell the truth in this scam laden den of BS, you can't handle the truth don't read what I post. ( not saying this too you summy to the woke who can't handle the truth )
So here I am can't buy gpus, so about 3+ months ago, I put in a bunch of orders to AMZN for HD's, NVME's, and sata's they're coming in now, and I'm glad cuz the price has gone 2-3x since February
Is it worth? Its exactly like mining ETH, $25/day is geting rich, it ain't breaking even, its just accumulating crypto off the grid. Compeche?