Chia coins

nRiTeCh

Well-Known Member
Skilled
When will this madness end?
I am praying for such a big crash that everyone of the professional miners loses their investment.
Its not the usual nse bse stock exchange which collapses overnight and sprung after a fortnight...
Brace up for more such coining shit as bitcoining seems to be the future.
It like only when all governing bodies accept it wholeheartedly as a legal currency this shit will get under much control while reducing the prices to a good nos.
 

TEUser2K1

Well-Known Member
Adept
All those environmentally conscious Go Green supporters are hyper silent about humongous power consumption of Bitcoin alone (Bitcoin alone allegedly is consuming more power than country Argentina).
 

Panda

Well-Known Member
Disciple
When will this madness end?
I am praying for such a big crash that everyone of the professional miners loses their investment.
Professional miners are not gonna lose anything. They would've already earned 10x their investment until its someone new to mining.
 

nRiTeCh

Well-Known Member
Skilled
All those environmentally conscious Go Green supporters are hyper silent about humongous power consumption of Bitcoin alone (Bitcoin alone allegedly is consuming more power than country Argentina).
Because just chanting slogans dont yield any income and I'm 150% sure few of those people might also be involved in mining and that shouldn't come as a surprise if beans ever get spilled..
 

letmein

Well-Known Member
Adept
What even is the use case for this? I used to think Tom's Hard was a decent site to rely on like AnandTech, but the whole article just reads like a shill. Why should I farm Chia coins? Is anyone benefitting from this apart from the initial backers?
 

TheCoolerPlayer

Well-Known Member
Disciple
I used to think Tom's Hard was a decent site to rely on like AnandTech
Slightly ot, but Tom's Hardware went bad quite a few years ago. One of the more recent ones was the RTX 20 series review where Tom's said to "just buy it" before they went on sale, and then attacked reviewers who challenged their claims. Anandtech, Gamers Nexus and Hardware Unboxed are the ones I follow for tech stuff, LTT and co for tech related entertainment, and can recommend "Son of a Gun" for understanding crypto stuff. Yes, he's a miner but I think he explains the stuff rather well, and doesn't add too many opinions to his content.
 

nRiTeCh

Well-Known Member
Skilled
Tom's Hardware has lost it just few years ago where earlier it was good. But while researching on tech I stumble upon on few of its links and some still feel worthy. Rest its all a market of noobish experts offering often confusing solutions.
But if you know to dig in right you can find the right solutions.
They also need to revamp their forum looks, its so much cluttered and esp. user badges are mere showoffs as if honored by president of America or an army Field Marshal.
See this..
1620743799091.png


AnandTech also runs on exact same forum software but I never liked At due to their early days extremely lenghty reviews as if I'm giving some 100 marks 3 hrs theory exam!
 

rsaeon

Well-Known Member
Patron
With storage like that, you could do well with farming Chia by spending a few days churning out as many plots as you can with as many computers you have access to.

You actually don't need to destroy SSDs to plot for Chia, you could plot either directly to these or to any 250gb+ hard disk. It just takes longer, about a day per plot per hard disk. You could pick up small capacity used drives for just a few hundred each, and connect them to every empty SATA port you have and run multiple instances of the command line plotter, one for each drive.

Once the plots are created and transferred to this array, there are no intense reads or writes, they just sit there. You then leave the blockchain app running in the background to farm out your plots and win/earn Chia.

Whenever you need to free up space for other files, you could just delete random plots.
 

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Mann

Well-Known Member
Disciple
With storage like that, you could do well with farming Chia by spending a few days churning out as many plots as you can with as many computers you have access to.

You actually don't need to destroy SSDs to plot for Chia, you could plot either directly to these or to any 250gb+ hard disk. It just takes longer, about a day per plot per hard disk. You could pick up small capacity used drives for just a few hundred each, and connect them to every empty SATA port you have and run multiple instances of the command line plotter, one for each drive.

Once the plots are created and transferred to this array, there are no intense reads or writes, they just sit there. You then leave the blockchain app running in the background to farm out your plots and win/earn Chia.

Whenever you need to free up space for other files, you could just delete random plots.
It sounds doable but checking online it seems I'm too late to the party.
Thanks for the suggestion thought.
I also have a graphics card, so should I be mining?
I know how people look down upon miners given the price hike and scarcity one sees of the graphics cards. I believe the same would be happening with the Hard drives and SSD's.
Call me paranoid but I believe the promoters of this chia currency might have some tie up with HDD manufacturers. The manufacturers make sure the currency remains high making mining feasible while the manufacturers milk the profits from all the shortage these miners create as the HDD prices goes high.
 

rsaeon

Well-Known Member
Patron
Yikes, that has to be 40k, at least.

It sounds doable but checking online it seems I'm too late to the party.

In your case, profitability isn't something to consider because you've already got the drives. What you'd lose is anything extra you'd purchase and the time you'd invest. We're under lockdown here so I pulled out a couple of old 250gb laptop drives just out of sheer curiosity. At current prices, each reward of 2 XCH is ~200k INR after taxes. The power costs of having a few drives spinning is negligible even if I left them for a couple of years.

If I had a graphics card, I would definitely be mining with it whenever I'm not using it. But investing in graphics cards for the purposes of earning from them, it just seems so wasteful, the ROI for gpu mining was never great at any point. A long time ago, a shopkeeper that imported clothes by the shipping container told me that he kept 98 rupees out of every 100 earned. GPU mining never came close to this. But Chia looks like it might.

And yeah, it is eyebrow-raising, at the high price that Chia launched at. I don't know anything about the people behind the project, but everything I see so far is way too polished to be something out of a grass-roots effort. Especially the documentation/wiki on github and how well established and reputed publications like storagereview.com have embraced it.

As for shortages, they're already here. Amazon is out of stock of every desirable high tbw nvme ssd and every external drive that can be shucked.
 

Mann

Well-Known Member
Disciple
Yikes, that has to be 40k, at least.



In your case, profitability isn't something to consider because you've already got the drives. What you'd lose is anything extra you'd purchase and the time you'd invest. We're under lockdown here so I pulled out a couple of old 250gb laptop drives just out of sheer curiosity. At current prices, each reward of 2 XCH is ~200k INR after taxes. The power costs of having a few drives spinning is negligible even if I left them for a couple of years.

If I had a graphics card, I would definitely be mining with it whenever I'm not using it. But investing in graphics cards for the purposes of earning from them, it just seems so wasteful, the ROI for gpu mining was never great at any point. A long time ago, a shopkeeper that imported clothes by the shipping container told me that he kept 98 rupees out of every 100 earned. GPU mining never came close to this. But Chia looks like it might.

And yeah, it is eyebrow-raising, at the high price that Chia launched at. I don't know anything about the people behind the project, but everything I see so far is way too polished to be something out of a grass-roots effort. Especially the documentation/wiki on github and how well established and reputed publications like storagereview.com have embraced it.

As for shortages, they're already here. Amazon is out of stock of every desirable high tbw nvme ssd and every external drive that can be shucked.
I wish I could say I did something constructive in the past 24hrs of lockdown but all I did was run some tests on my system with this chia thing and it seems to be killing my SSD. Anyways doing simple math I should be able to get 40 to 45 plots per day on my gaming rig. This way I'll fill these four in a fortnight.
But I still would need to learn python to automate the process. Maybe some one from the forum can help. It would be a nice experiment during these wasteful days.
 

rsaeon

Well-Known Member
Patron
I wish I could say I did something constructive in the past 24hrs of lockdown but all I did was run some tests on my system with this chia thing and it seems to be killing my SSD. Anyways doing simple math I should be able to get 40 to 45 plots per day on my gaming rig. This way I'll fill these four in a fortnight.
But I still would need to learn python to automate the process. Maybe some one from the forum can help. It would be a nice experiment during these wasteful days.

Take a look at https://github.com/swar/Swar-Chia-Plot-Manager they have a helpful discord channel

It's pretty nice, I have an old machine that is averaging 26 hours per plot on a slow laptop drive
 

rdst_1

Well-Known Member
Skilled
Take a look at https://github.com/swar/Swar-Chia-Plot-Manager they have a helpful discord channel

It's pretty nice, I have an old machine that is averaging 26 hours per plot on a slow laptop drive
And you are still doing it. What about the high processor usage during the plotting. I had to set affinity to one thread manually from the task manager and still it was using around 50% CPU. I do have an SSD to try and then move the plots to an ext HDD for the actual farming.
 

rsaeon

Well-Known Member
Patron
And you are still doing it. What about the high processor usage during the plotting. I had to set affinity to one thread manually from the task manager and still it was using around 50% CPU. I do have an SSD to try and then move the plots to an ext HDD for the actual farming.

You can configure threads/memory if you plot through the command line. There are four phases to plotting, and only the first phase is multi-threaded. I have it set to use just two threads, and to use 3.5GB out of 4GB memory. Most of the time, the laptop drive is enough of a bottleneck to limit cpu usage.

These things really kill SSDs though. To make a 100GB plot file, the plotter writes between 1.6TB to 1.8TB of data. So most entry level sata SSDs are worn out after 100 to 200 plots. For a higher end nvme drive like a 1TB Firecuda 520, it's about 1000 plots.

Then there's the drama that you would need to replot all over again if you want to join a pool, whenever those happen. The initial launch of Chia doesn't have support for pools. Some people are waiting for pools and not plotting now, others are plotting now with the intention of replotting later for pools.
 

booo

BA BA BA BABANANA
Skilled
^this chia stuff is stupid. pretty soon people will come up with storage controllers to fudge the numbers if this this becomes a little bit more popular. :banghead:
 

Mann

Well-Known Member
Disciple
^this chia stuff is stupid. pretty soon people will come up with storage controllers to fudge the numbers if this this becomes a little bit more popular. :banghead:
It's very stupid but as of today it is the only crypto that is still holding it's value well. Everything is in the red. Signs of the crypto apocalypse. :) Good news for gamers.
Anyways after some more looking it seems that my claim of doing 40~45 plots a day on a 8core machine is some kind of a record. People with 32 core threadrippers cand go beyond 36 plots a day. Now all I need is some help with the automation.
Help, help
 
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