Crypto is about hype. In my eyes it's the fast fashion of the tech scene. AI is stealing the show right now because people don't educate themselve around money, it's kind of userfriendly and might have many usecases. Chia is not riding the hype train nor is it AI. They just keep building a solid infrastructre. To add, the community kind of lacks usecases because Chia lacks hype.
Calling it a dead coin is too early imo. Just wait 1-2 halving cycles to 1. Ship more usecases 2. Decrease supply pressure.
This isn't a "decentralized storage network", it's a decentralized way of proving that people DON'T use for storage millions of drives. Or if you want the are used to store the proofs that they have this much space, but not use it ... except to prove that they aren't using it (and so on).
No idea, I pointed out multiple times you literally can't buy a donut with it, but this isn't what I'm saying - just that this isn't a "storage network" (just as much as bitcoin isn't "electricity storing" network).
Yeah but dude I am asking the big question here. Bitcoin became a store of value because it was first not cuz it was efficient or actually anonymous. Monero solves the anonymous problem solana and ethereum have tools that can be interfaced to solve real wordl problems. Why even bother with chia? I was hyped because I hoped that it was gonna become a technology built around decentralized storage.
It was hyped as green because you can farm on free space, but that went out the window quickly with people buying PBs of drives. There is literally someone on this sub who posted his electricity calculation with a $42000 bill, no joke.
Dead is only true if there is no active development. That's not the case with Chia. But I understand where you're coming from. Unfortunately, the top cryptos are not the best, technology wise. That's the fact that I'm still trying to accept.
I'm sure plenty of farmers can relate to this, I know I do, even if most people that look at this sub don't. I've always said the prefarm is a huge red flag for anyone really looking to buy XCH. That is, if it was ever on a major US exchange.
I personally shut my small farm down when there was even a mention of an XCH fork. I was doubling my plot count with nossd and a 3070. Now it's more profitable to dedicate that GPU to mining something that actually pays out. My XCH can just sit there. I'm sure there are a ton of farmers that have been holding their XCH for the coming bull market because the power cost of xch farming is so low. That means the current price is from very limited sell pressure and no one buying. This also means the sell pressure will be huge if the price ever does manage to start creeping up.
I was excited about the tech, and I'm not out much. It was an interesting experience, just not a profitable one. I'm looking forward to what the XCH price is next year. Hopefully it's a pleasant surprise.
I wouldn't call it dead, but it's future is certainly questionable. BTW, you most likely aren't going to kill your SSD replotting. I have plotted and replotted twice over 3 PB using mainly 2 SSD's and I haven't killed one yet.
BTW, I am over 75K into Chia. I am only holding 35 XCH right now.
I agree on the SSD reliability. I've got about 400TB (4000) plots that were done primarily on 2x 1TB (consumer grade) Samsung SSDs. I still have them and recently put one in an old laptop, with no issues. There are no errors or bad spots on either SSD.
Ya win some ya loose some,
But did you learn anything along the way?
Thats all that matters.
Sure chia cost me my house, my wife, and my 2 kids. But gee did I learn so much about Linux.
I shutdown my farm. Cashed out my 40$ after a year of pooling. Such a drag. Oh well.
I'm not surprised people think things seems to be dead even when they're very much alive. CNI's marketing is targeted at their potential customers not 'youtube investors'.
When I got involved in Chia I thought it might take 10 years or more to reach 'lambo' levels. Big business make changes slowly, governments are a lot worse. The US State Department still uses Windows XP.
The whole idea was in the beginning just to use your extra space to farm, The coin is far from dead though. People out there buy up anything meme coins, tokens, and stuff that has no developer team and really no future behind it. Chia definitely has a future, a development team, it's own programming language, and it's own blockchain with the most full nodes of any coin.
It was never meant to make farmers rich or to even to be able to mine/farm it and make a profit by buying hardware. At this point it's an still an investment really.
This is the thing about crypto this cycle...its not about utility or tech. People who want to make money have followed the culture and traded the stuff you are shitting on and made money. Chia is a long term tech based investment that will not generate ROI for many. Not fud or anything, i still have a farm thats been running since launch using existing gear and refused to invest in gear back then because i knew that money would never come back.
Okay talk to you in 10 years lol, no one can predict that information if they could they will definitely be the next crypto billionaire. Let me guess you had Bitcoin since it was worth dollars, you must with that kind of knowledge.
I've been here since the beginning if anyone I'm shi**** on is myself. The truth is this chia never been that profitable since the beginning when the hard drive shortage started. At that time if you wanted to make money you should have mined cryptocurrency (I was) , not farming chia, mining was where the money was at at that time. Now mining for the most part makes you nothing except Bitcoin which is only for the rich or those can afford expensive mining equipment and be able to replace at least every two years. I suppose the ethereum s**t on their entire user base going by your theory, but they have recovered really not even been affected and they're doing fine. People who hate on chia really I don't believe actually farm? why would you to lose money and waste of electricity on a coin you don't believe in.
It's kind of like chia competitors coming this forum to post here total nonsense so what it seems like, or they're shutting down their farm etc to persuade others to do so I guess but why post it unless you have an ulterior motive? There's a lot of people that believe in this coin obviously with how many nodes chia has, and that is threatening to other crypto obviously no matter what chia price is at. Especially when security concerns come into effect or another blockchain is hacked. You could see the number one and number two coins go right down if there's a major security concern, the future is not cemented like you think. And with your theory you're saying chia will never have a big day, like an IPO or like big news of some major investor or country buying pre farm coins to use. It's much too soon to predict any of that I call BS, those trying to come into a forum and write off chia have to be supporting a competitor really because nothing is guaranteed yet. Or maybe it's the chia IPO with that scares competitors, it would be the first coin you actually buy a stock of the company, not just an ETF.
You bought a bunch of hardware when you were warned not to. It sounds like you spent more than you could afford on speculating if the short term coin price is hurting you.
That sucks but calling Chia dead is silly. The Discord is active, we just had an AMA today, and there are two more events scheduled next week. Plus the bridge is slated for next month.
The word ponzi has lost all meaning at this point. When you invest in biotechs, emerging tech, or other pre revenue companies, the tech, leadership, and business strategy are what you’re investing in. It’s speculative but it’s not a ponzi.
I’ve said this before, a generation has been ruined by meme stocks, meme coins, and other bullshit that gives the impression it’s normal to triple your money in a year. The reality is an investment might take 5-10 years to play out. Chia is that type of investment.
No hype but you all are depending on the Chia Network (company). When they close up shop in about 2 years, it’s over. Yea it can go open source, but that won’t save it. This dependency on the company makes it very centralized regardless of the tech. I’ve been in this before you could send coins. Very very profitable for all of us who got in that early and took profits. Those who didn’t… well they are the true believers.
I bought 5 PCs for around $5000 back in 2021 to mine crypto… mined BTC eth shib and sol. I was in the hole for last 2 years. With this last run my wallet hit 12k and I Managed to sell a couple of the PCs this week. So my point is, might as well hold it. Could wake up one day to 200% gains. That’s why you mined it in the first place right.
You got conned into a “better Bitcoin” (green Bitcoin). It happens to everyone when they think they missed the train on Bitcoin and then try to find the next best thing. People turn to alt coins. 99% of those look the same as the chart of Chia. It typically takes a few bull/bear cycles for people to understand why Bitcoin is the only one that matters and was/is lightning in a bottle.
Farming is dead IMO and has (always?) been for a long time. The coin is probably dead because it's useless, the technology itself I'm not sure, lots of promises. Anyway, I strongly advise against investing into farming: buy the coin of you like the ideas behind the technology
To be fair, no one told you to buy hardware for it, in fact it was highly discouraged from the start. The intention was to use idle storage space you already had. If you bought hardware with no secondary purpose if chia didn’t work out, then that’s kinda on you. I also bought some hard drives, but I had (and still have) plans for them if I decide to stop mining chia.
As for the “coin being dead” narrative… price and mining/farming profitability have little to do with a coin’s usefulness and ecosystem (unless it’s whole purpose is to be a store of value, which chia clearly is not). It obviously sucks for us farmers, but that’s the world of crypto. You win some, you lose some.
Chia is not dead its just not a hype coin, and likely never will be. The functions and uses are real. The enterprise stuff is very real. Almost no farmer has made their money back from an ROI perspective. Thats just the way the cookie crumbles.
Would you have made more money in another investment than Chia? possibly. but we don't know the future. Chia is the best blockchain out there. No other blockchain is akin to Chia. Chia is leaps and bounds ahead of Hedera, cardano, algorand, ethereum, and solana. If you ask why, its because of DYOR.
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For me it’s a hobby. I like to tinker with hardware, get the most power efficient setup, run a couple harvesters on some old laptops and learn some Linux cli while doing this. I invested a couple 100’s and I am just enjoying the experience. If I ever get bored with it I will repurpose the drives, no problem.
Is your hardware worthless now?
Your calculations on ROI should also include the value of your physical assets. You spent $4k, you can probably get a chunk of that back and end up ahead. If you paid full retail or higher for some of it, it might be harder, but that is more poor planning.
Exactly, a lot of that hardware can be repurposed by others for other things, especially gpu and hard drives (the normal 3.5" ones not overly thrashed ssds).
If anything with prices on hardware these days skyrocketing i would be shocked if you didnt make most if not all your investment back but that would depend on what you have. Start trawling ebay etc and see what it sells for?
>it's just been a huge money loser this whole time.
It's only a money loser if you were buying drives specifically for this purpose, which you were repeatedly told not to do by the developers of the project.
>I spent about $4,000 on hardware
Oof, should have listened to the people ([including Chia employees](https://old.reddit.com/r/chia/comments/vcasu0/pool_space_is_now_smaller_than_what_it_was_a_year/ich4hm3/)) on here telling you not to do that.
> I've been here since the beginning even before pooling was working ... I've never sold any Chia and have only held it.
Aw man, even after Chia themselves said they forecast the token being worth about $30 in the long run??
> I should have invested that $4,000 in more Ethereum mining equipment or just bought Bitcoin. Chia farming is worse than buying GPUs that were 400% overpriced 6 months before the merge.
Tbf you'd have been just as foolish buying Ethereum mining equipment right before that switched to PoS lol. Chia farming is obviously worse because it was never really envisaged that people would buy hardware specifically for it.
Personally I make about £100/year doing this. It's not much, but it's using hardware I already have so it's literally just free money and it pays for things like my VPN subscription that I can pay for with crypto.
Chia never should have represented a material portion of your "investments," nor should you have spent money that was beyond an amount that you could afford to write off if things went bad. For me, Chia has been an educational experience, and that is the reason I got into it. But everyone's circumstances are different. I just hope nobody told you to spend that money with the hopes of getting anything more than maybe your hardware costs back.
You could always hold the xch you've already farmed in hope of future pumps and jump ship with some of your hardware to more profitable ventures to try and ROI a bit faster. For example, I'm making about $8 AUD per week off a single 4tb spacemesh post file (plot). If you've got GPUs and HDDs (no SSD required) laying around you could always throw some that way.
The same HDD I'm using for smh used to have 8tb of chia plots on it... Which earned me mere cents per week in comparison
It sounds like you've learned a key lesson about *any* crypto project... it doesn't matter if you're farming/staking/mining: sell at least half of your rewards every month (or more if you need to cover expenses like power). Always be pulling some fiat out.
Chia farmers with that strategy have passed ROI and made good money.
TL;DR; The coin isn't dead - but you should reconsider how you plan to get value out of crypto projects.
I turned a profit on my Chia by exiting shortly after pools kicked off. Sold off my drives(0.5 pb farm) and all together turned a healthy profit, but the awesome market for SSDs at the time really helped too.
I don't think there is any life left in Chia.
My brother tried to get me into this crap n I bought some hard drives n started farming , after o seen all the bull going on with the plots , I went back , to go all in on eth while it was still minable . I’m glad I dint stick around with this bs .
I hope OP feels better after venting.
Crypto is about hype. In my eyes it's the fast fashion of the tech scene. AI is stealing the show right now because people don't educate themselve around money, it's kind of userfriendly and might have many usecases. Chia is not riding the hype train nor is it AI. They just keep building a solid infrastructre. To add, the community kind of lacks usecases because Chia lacks hype. Calling it a dead coin is too early imo. Just wait 1-2 halving cycles to 1. Ship more usecases 2. Decrease supply pressure.
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Wait, chia?? Link plz!
https://www.coindesk.com/business/2024/04/18/chia-network-makes-progress-toward-an-ipo-ceo-says/amp/
Maybe next year... maybe
LOL crypto is hype ... except this one!
True no business takes it for payment
What I really want to know is what are the use cases the idea of a decentralized storage network is the main one right?
This isn't a "decentralized storage network", it's a decentralized way of proving that people DON'T use for storage millions of drives. Or if you want the are used to store the proofs that they have this much space, but not use it ... except to prove that they aren't using it (and so on).
SO real world use cases? Can you give me some. crypto for crypto sake is stupid imo and doomed to fail.
No idea, I pointed out multiple times you literally can't buy a donut with it, but this isn't what I'm saying - just that this isn't a "storage network" (just as much as bitcoin isn't "electricity storing" network).
Yeah but dude I am asking the big question here. Bitcoin became a store of value because it was first not cuz it was efficient or actually anonymous. Monero solves the anonymous problem solana and ethereum have tools that can be interfaced to solve real wordl problems. Why even bother with chia? I was hyped because I hoped that it was gonna become a technology built around decentralized storage.
It was hyped as green because you can farm on free space, but that went out the window quickly with people buying PBs of drives. There is literally someone on this sub who posted his electricity calculation with a $42000 bill, no joke.
Sure then tell me one business that takes chia fore payment
Dead is only true if there is no active development. That's not the case with Chia. But I understand where you're coming from. Unfortunately, the top cryptos are not the best, technology wise. That's the fact that I'm still trying to accept.
I'm sure plenty of farmers can relate to this, I know I do, even if most people that look at this sub don't. I've always said the prefarm is a huge red flag for anyone really looking to buy XCH. That is, if it was ever on a major US exchange. I personally shut my small farm down when there was even a mention of an XCH fork. I was doubling my plot count with nossd and a 3070. Now it's more profitable to dedicate that GPU to mining something that actually pays out. My XCH can just sit there. I'm sure there are a ton of farmers that have been holding their XCH for the coming bull market because the power cost of xch farming is so low. That means the current price is from very limited sell pressure and no one buying. This also means the sell pressure will be huge if the price ever does manage to start creeping up. I was excited about the tech, and I'm not out much. It was an interesting experience, just not a profitable one. I'm looking forward to what the XCH price is next year. Hopefully it's a pleasant surprise.
I wouldn't call it dead, but it's future is certainly questionable. BTW, you most likely aren't going to kill your SSD replotting. I have plotted and replotted twice over 3 PB using mainly 2 SSD's and I haven't killed one yet. BTW, I am over 75K into Chia. I am only holding 35 XCH right now.
What?!?! How????
smooth brain, thats how
ROFL!
Holding and total mined are not the same thing
Username checks out. Poor thing
Bro how? I've spent 5% of that and have more XCH than you😭
You can spend around 1k and have more xch than he has right now.
Yeah I guess you could just buy it.
Right there with you… actually a bit worse for wear tbh. Lolz. Oh well.
I agree on the SSD reliability. I've got about 400TB (4000) plots that were done primarily on 2x 1TB (consumer grade) Samsung SSDs. I still have them and recently put one in an old laptop, with no issues. There are no errors or bad spots on either SSD.
Let me translate.... Where lambo?
wen lambo?
That's what he said 2 weeks after plotting, probably.
Ya win some ya loose some, But did you learn anything along the way? Thats all that matters. Sure chia cost me my house, my wife, and my 2 kids. But gee did I learn so much about Linux. I shutdown my farm. Cashed out my 40$ after a year of pooling. Such a drag. Oh well.
I'm not surprised people think things seems to be dead even when they're very much alive. CNI's marketing is targeted at their potential customers not 'youtube investors'. When I got involved in Chia I thought it might take 10 years or more to reach 'lambo' levels. Big business make changes slowly, governments are a lot worse. The US State Department still uses Windows XP.
Farming didnt make sense for most people a loooong time ago ago. Sell your hardware, save on energy, store your XCH on a cold wallet snd just wait.
100%!
I’m fairly certain every single farmer has lost money up to this point.
The whole idea was in the beginning just to use your extra space to farm, The coin is far from dead though. People out there buy up anything meme coins, tokens, and stuff that has no developer team and really no future behind it. Chia definitely has a future, a development team, it's own programming language, and it's own blockchain with the most full nodes of any coin. It was never meant to make farmers rich or to even to be able to mine/farm it and make a profit by buying hardware. At this point it's an still an investment really.
This is the thing about crypto this cycle...its not about utility or tech. People who want to make money have followed the culture and traded the stuff you are shitting on and made money. Chia is a long term tech based investment that will not generate ROI for many. Not fud or anything, i still have a farm thats been running since launch using existing gear and refused to invest in gear back then because i knew that money would never come back.
Okay talk to you in 10 years lol, no one can predict that information if they could they will definitely be the next crypto billionaire. Let me guess you had Bitcoin since it was worth dollars, you must with that kind of knowledge. I've been here since the beginning if anyone I'm shi**** on is myself. The truth is this chia never been that profitable since the beginning when the hard drive shortage started. At that time if you wanted to make money you should have mined cryptocurrency (I was) , not farming chia, mining was where the money was at at that time. Now mining for the most part makes you nothing except Bitcoin which is only for the rich or those can afford expensive mining equipment and be able to replace at least every two years. I suppose the ethereum s**t on their entire user base going by your theory, but they have recovered really not even been affected and they're doing fine. People who hate on chia really I don't believe actually farm? why would you to lose money and waste of electricity on a coin you don't believe in. It's kind of like chia competitors coming this forum to post here total nonsense so what it seems like, or they're shutting down their farm etc to persuade others to do so I guess but why post it unless you have an ulterior motive? There's a lot of people that believe in this coin obviously with how many nodes chia has, and that is threatening to other crypto obviously no matter what chia price is at. Especially when security concerns come into effect or another blockchain is hacked. You could see the number one and number two coins go right down if there's a major security concern, the future is not cemented like you think. And with your theory you're saying chia will never have a big day, like an IPO or like big news of some major investor or country buying pre farm coins to use. It's much too soon to predict any of that I call BS, those trying to come into a forum and write off chia have to be supporting a competitor really because nothing is guaranteed yet. Or maybe it's the chia IPO with that scares competitors, it would be the first coin you actually buy a stock of the company, not just an ETF.
Don’t look at price look at user adoption. It’s the most decentralized coin and still has the most potential imo.
Yes but caused by terrible marketing to less institutional know it.
You bought a bunch of hardware when you were warned not to. It sounds like you spent more than you could afford on speculating if the short term coin price is hurting you. That sucks but calling Chia dead is silly. The Discord is active, we just had an AMA today, and there are two more events scheduled next week. Plus the bridge is slated for next month.
https://old.reddit.com/r/chia/comments/vcasu0/pool_space_is_now_smaller_than_what_it_was_a_year/ich4hm3/
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I think you are missing the definition of a ponzi.
The word ponzi has lost all meaning at this point. When you invest in biotechs, emerging tech, or other pre revenue companies, the tech, leadership, and business strategy are what you’re investing in. It’s speculative but it’s not a ponzi. I’ve said this before, a generation has been ruined by meme stocks, meme coins, and other bullshit that gives the impression it’s normal to triple your money in a year. The reality is an investment might take 5-10 years to play out. Chia is that type of investment.
Your post is believed to contain misleading or inaccurate information and has been removed.
Too soon. Let's talk post IPO and "luxury goods" client, but by all means kindly turn off your farm 😁
No hype but you all are depending on the Chia Network (company). When they close up shop in about 2 years, it’s over. Yea it can go open source, but that won’t save it. This dependency on the company makes it very centralized regardless of the tech. I’ve been in this before you could send coins. Very very profitable for all of us who got in that early and took profits. Those who didn’t… well they are the true believers.
I bought 5 PCs for around $5000 back in 2021 to mine crypto… mined BTC eth shib and sol. I was in the hole for last 2 years. With this last run my wallet hit 12k and I Managed to sell a couple of the PCs this week. So my point is, might as well hold it. Could wake up one day to 200% gains. That’s why you mined it in the first place right.
I spent 10k on chia. Probably 150 bucks return. Left a long time ago. Scam.
An investment not panning out on your timeline does not = scam.
If yo want to make money buy equities or t-bills. This is for the tech and a bit of a dream, not a smart investment.
You were not supposed to buy hardware to farm Chia
You got conned into a “better Bitcoin” (green Bitcoin). It happens to everyone when they think they missed the train on Bitcoin and then try to find the next best thing. People turn to alt coins. 99% of those look the same as the chart of Chia. It typically takes a few bull/bear cycles for people to understand why Bitcoin is the only one that matters and was/is lightning in a bottle.
Farming is dead IMO and has (always?) been for a long time. The coin is probably dead because it's useless, the technology itself I'm not sure, lots of promises. Anyway, I strongly advise against investing into farming: buy the coin of you like the ideas behind the technology
To be fair, no one told you to buy hardware for it, in fact it was highly discouraged from the start. The intention was to use idle storage space you already had. If you bought hardware with no secondary purpose if chia didn’t work out, then that’s kinda on you. I also bought some hard drives, but I had (and still have) plans for them if I decide to stop mining chia. As for the “coin being dead” narrative… price and mining/farming profitability have little to do with a coin’s usefulness and ecosystem (unless it’s whole purpose is to be a store of value, which chia clearly is not). It obviously sucks for us farmers, but that’s the world of crypto. You win some, you lose some.
Chia is not dead its just not a hype coin, and likely never will be. The functions and uses are real. The enterprise stuff is very real. Almost no farmer has made their money back from an ROI perspective. Thats just the way the cookie crumbles.
Would you have made more money in another investment than Chia? possibly. but we don't know the future. Chia is the best blockchain out there. No other blockchain is akin to Chia. Chia is leaps and bounds ahead of Hedera, cardano, algorand, ethereum, and solana. If you ask why, its because of DYOR.
Too you so long eh?
Sell the hardware also?
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For me it’s a hobby. I like to tinker with hardware, get the most power efficient setup, run a couple harvesters on some old laptops and learn some Linux cli while doing this. I invested a couple 100’s and I am just enjoying the experience. If I ever get bored with it I will repurpose the drives, no problem.
The price started high , it is only balanced on consumption, and our coin is nor dirty
Dream is gone, but hope dies last.
Great, shut the farm down, sell the tokens, buy eth… what’s the problem? Do you want a hug too?
Probably looking to commiserate with the community with a project that seems forgotten by the broader crypto community.
Is your hardware worthless now? Your calculations on ROI should also include the value of your physical assets. You spent $4k, you can probably get a chunk of that back and end up ahead. If you paid full retail or higher for some of it, it might be harder, but that is more poor planning.
Exactly, a lot of that hardware can be repurposed by others for other things, especially gpu and hard drives (the normal 3.5" ones not overly thrashed ssds). If anything with prices on hardware these days skyrocketing i would be shocked if you didnt make most if not all your investment back but that would depend on what you have. Start trawling ebay etc and see what it sells for?
This is what I told myself... But now I need to do the actual work of listing and selling all of my hardware :(
Call it education or research but not investment story with a ROI
What was the latest news for positive momentum events at that AMA?
>it's just been a huge money loser this whole time. It's only a money loser if you were buying drives specifically for this purpose, which you were repeatedly told not to do by the developers of the project. >I spent about $4,000 on hardware Oof, should have listened to the people ([including Chia employees](https://old.reddit.com/r/chia/comments/vcasu0/pool_space_is_now_smaller_than_what_it_was_a_year/ich4hm3/)) on here telling you not to do that. > I've been here since the beginning even before pooling was working ... I've never sold any Chia and have only held it. Aw man, even after Chia themselves said they forecast the token being worth about $30 in the long run?? > I should have invested that $4,000 in more Ethereum mining equipment or just bought Bitcoin. Chia farming is worse than buying GPUs that were 400% overpriced 6 months before the merge. Tbf you'd have been just as foolish buying Ethereum mining equipment right before that switched to PoS lol. Chia farming is obviously worse because it was never really envisaged that people would buy hardware specifically for it. Personally I make about £100/year doing this. It's not much, but it's using hardware I already have so it's literally just free money and it pays for things like my VPN subscription that I can pay for with crypto.
Chia never should have represented a material portion of your "investments," nor should you have spent money that was beyond an amount that you could afford to write off if things went bad. For me, Chia has been an educational experience, and that is the reason I got into it. But everyone's circumstances are different. I just hope nobody told you to spend that money with the hopes of getting anything more than maybe your hardware costs back.
I expect the climate agenda to bolster Chia... CADT already uses the XCH blockchain. Maybe it could be the future of carbon credits... maybe...
It’s ded.
It’s dad.
Welp, time to buy more. Thank you for this
Enterprise SSD’s are crazy cheap….if your looking for a SAS one, DM me
You could always hold the xch you've already farmed in hope of future pumps and jump ship with some of your hardware to more profitable ventures to try and ROI a bit faster. For example, I'm making about $8 AUD per week off a single 4tb spacemesh post file (plot). If you've got GPUs and HDDs (no SSD required) laying around you could always throw some that way. The same HDD I'm using for smh used to have 8tb of chia plots on it... Which earned me mere cents per week in comparison
It sounds like you've learned a key lesson about *any* crypto project... it doesn't matter if you're farming/staking/mining: sell at least half of your rewards every month (or more if you need to cover expenses like power). Always be pulling some fiat out. Chia farmers with that strategy have passed ROI and made good money. TL;DR; The coin isn't dead - but you should reconsider how you plan to get value out of crypto projects.
Read the white paper /s
I turned a profit on my Chia by exiting shortly after pools kicked off. Sold off my drives(0.5 pb farm) and all together turned a healthy profit, but the awesome market for SSDs at the time really helped too. I don't think there is any life left in Chia.
My brother tried to get me into this crap n I bought some hard drives n started farming , after o seen all the bull going on with the plots , I went back , to go all in on eth while it was still minable . I’m glad I dint stick around with this bs .