Post
Topic
Board Mining (Altcoins)
Re: CHIA XCH mining: Why mining without value?
by
Verbl Kint
on 29/10/2021, 06:11:19 UTC

This is a 180day chart, covers the initial public release of the farming protocol ($1,551) all the way to today (current price is $145).  That is a 90.65% decrease in value, or an average of about 5% decrease per day.

Back to school, you obviously skipped some math classes.
At 5% per day, after 180 days XCH would be worth $0.152

It was actually 1.2% decrease per day

It's actually a typo but let me more clear:  on average, chia loses about $7.81 in value over the 180 day period, which is 0.5% (half a percent) of $1,551.

Hope this clarifies.



Now, if you were to add on the percent loss (aka compound decay), then it would be 1.3% per day, so I guess your math is close enough.