Prohashing Mining Pool Forums

Mastermind007 wrote: ↑Wed Oct 13, 2021 8:25 am

Thex20 wrote: ↑Tue Oct 12, 2021 10:59 pm Not to sound demeaning but how can current miners see Chia as a profitable mineable coin, as chip shortages ravage individual builds, GPUs skyrocket, and HD’s costs remain stagnant while the technology is only getting better to cram more memory into each individual drive and making the difficulty harder as market makers acquire the technology at the start of an exponential uptick in storage as I feel we’ve almost reached critical mass for demand needed. (Sorry for rant I just wanna understand this coin)

You make some valid points. Tech in general is rising in cost. In fact I would not be testing out the Chia mining if I did not already have the hardware on hand. I have read a lot about Chia but finding accurate, real world date is proving difficult. So I raided my hardware stash an put together a small rig with around 12TB of storage. One the plot are added I will see what kind of return is possible. I have around an hour of time invested in rig setup so the only cost will be electricity. Time will tell if this is a profitable venture.

Keep in mind that you can use conventional drive which are dirt cheap. The plots will take a day to built but it is doable.

Murr808 wrote: ↑Wed Oct 13, 2021 1:43 pm

Mastermind007 wrote: ↑Wed Oct 13, 2021 8:25 am

Thex20 wrote: ↑Tue Oct 12, 2021 10:59 pm Not to sound demeaning but how can current miners see Chia as a profitable mineable coin, as chip shortages ravage individual builds, GPUs skyrocket, and HD’s costs remain stagnant while the technology is only getting better to cram more memory into each individual drive and making the difficulty harder as market makers acquire the technology at the start of an exponential uptick in storage as I feel we’ve almost reached critical mass for demand needed. (Sorry for rant I just wanna understand this coin)

You make some valid points. Tech in general is rising in cost. In fact I would not be testing out the Chia mining if I did not already have the hardware on hand. I have read a lot about Chia but finding accurate, real world date is proving difficult. So I raided my hardware stash an put together a small rig with around 12TB of storage. One the plot are added I will see what kind of return is possible. I have around an hour of time invested in rig setup so the only cost will be electricity. Time will tell if this is a profitable venture.

Keep in mind that you can use conventional drive which are dirt cheap. The plots will take a day to built but it is doable.

Flexpool shows you an estimated daily profitability based on how much storage you have and current price of Chia, does Prohashing have something like that?

Steve Sokolowski wrote: ↑Wed Oct 13, 2021 1:48 pm

Murr808 wrote: ↑Wed Oct 13, 2021 1:43 pm

Mastermind007 wrote: ↑Wed Oct 13, 2021 8:25 am

You make some valid points. Tech in general is rising in cost. In fact I would not be testing out the Chia mining if I did not already have the hardware on hand. I have read a lot about Chia but finding accurate, real world date is proving difficult. So I raided my hardware stash an put together a small rig with around 12TB of storage. One the plot are added I will see what kind of return is possible. I have around an hour of time invested in rig setup so the only cost will be electricity. Time will tell if this is a profitable venture.

Keep in mind that you can use conventional drive which are dirt cheap. The plots will take a day to built but it is doable.

Flexpool shows you an estimated daily profitability based on how much storage you have and current price of Chia, does Prohashing have something like that?

The Worker Configurator page estimates that in the bottom right corner, as it does for the other algorithms.

Mastermind007 wrote: ↑Wed Oct 13, 2021 8:25 am

Thex20 wrote: ↑Tue Oct 12, 2021 10:59 pm Not to sound demeaning but how can current miners see Chia as a profitable mineable coin, as chip shortages ravage individual builds, GPUs skyrocket, and HD’s costs remain stagnant while the technology is only getting better to cram more memory into each individual drive and making the difficulty harder as market makers acquire the technology at the start of an exponential uptick in storage as I feel we’ve almost reached critical mass for demand needed. (Sorry for rant I just wanna understand this coin)

You make some valid points. Tech in general is rising in cost. In fact I would not be testing out the Chia mining if I did not already have the hardware on hand. I have read a lot about Chia but finding accurate, real world date is proving difficult. So I raided my hardware stash an put together a small rig with around 12TB of storage. One the plot are added I will see what kind of return is possible. I have around an hour of time invested in rig setup so the only cost will be electricity. Time will tell if this is a profitable venture.

Keep in mind that you can use conventional drive which are dirt cheap. The plots will take a day to built but it is doable.