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by marcusverus
1862 days ago
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> And it already causes price hike for SSD we will soon see something similar to chip shortage. Nah. The expected ROI on a given TiB of storage is halved with each doubling of Netspace[0][1]. The current return is ~$1.50/TiB/Day. As the expected return declines, farming CHIA will become less attractive than other crypto 'investment' opportunities, and the whales will turn their attention elsewhere. I'm guessing that netspace starts to level out after another doubling or two--assuming the exchange rate remains the same. [0]https://www.chiaexplorer.com/charts/netspace
[1]https://www.chiaexplorer.com/charts/xchTib |
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I'm bearish on Chia, but I can see why it's attractive at this price point. I thought the profitability was much worse, but I did the calculations myself and it looks like around ~1.30/TiB/Day.
At the $20/TiB price point for HDDs that seems like you'd be in the money after ~16 days (excluding plotting costs and farming power usage). The big problem is the lottery, which could be smoothed out by pool farming.
Yes, the rewards are getting worse by the day, so it's hard to predict where things will be at in 16 days time, but again, pool farming should theoretically smooth that out a lot.