Post
Topic
Board Mining (Altcoins)
Re: Chia Coin Mining become unprofitable - the coin has fallen in price by 3 times
by
swogerino
on 13/07/2021, 06:14:56 UTC
Drawing a lot of power doesn't matter if one is mining a profitable coin using the GPUs.
i think his point is that op believes chia is eco-friendly and more efficient compared to other coins, which might not be as black and white as op think.

not to mention chia is relatively more difficult to mine if you don't have enough capital, and rely a lot on pure luck to mine a block.

Exactly.Chia is more difficult to give a shot than with GPU-s,you need a lot of hard drive space which is very costly nowadays,a powerful processor and lots of ram.You can easily win more by GPU mining right now and the price of Chia falling is another red flag for me that things are not going well for Chia miners and most probably this won't change for a while.