Chia Farming Update | February 2023

Sharing my 1 Year 8 months journey farmining chia. Going over my chia farm setup, the cost, and my profits.
Thanks for Watching!

[@riggsmartins4033]

After earning thousands of dollars by investing in a trusted company, I do not dare to doubt the commercial market, with the right skill you will be making a fortune in the market.

[@riggsmartins4033]

There is no magic in trading, having a strategy that guarantees that the profits are the best you can make and that is not for beginners, I lost more than $ 7000 in trading with a bad strategy, but with the help of an expert, Larry Kent Burton, I have recovered losses and even earned more.

[@susanbaxtron8422]

It looks like you met him recently. He has been my manager for the last three months. My financial status has completely changed. I really lost everything before he came to me, and today I'm richer.

[@riggsmartins4033]

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[@riggsmartins4033]

@ Larry Kent Nick Trading ***

[@charleyluckey2232]

Larry made me understand that commerce is betting if it doesn't have a profitable strategy. With his strategy, putting money doesn't make me feel like I've just bet, I call it a fruitful investment.,

[@PaulTheadra]

Chia is definitely a long play strategy. Great video!

[@sazid4438]

Best KZbinr love you from bangladeash ❤

[@MrShuzaam]

Love to Life of a Miner. I also mine Chia since the beginning and have just a little less total space of about 68TB. I wanted to add more, but decided not to. Now, you can plot Chia with GPU at higher compression rates, so you can fit up to 25-30% more on each drive, but you need higher specs on your machine. Plus, at the higher compression rates, you will need to farm with a GPU. For me that is not a problem as I have extra GPUs. 🙂 But, it seems to favor NVidia GPUs. You need version 2+ of Chia. I have been trading my XCH for BTC, ETH, BNB, XRP and a bunch of others. I also save come XCH. My farmer has solved over 10 blocks. 🙂 I would have more XCH if I solo-mined instead of pooling. Overall, the farmer needs to adapt because you will make less with the halving plus competing with the new compression levels.

[@MEGAONE302]

What about electric costs?

[@ellooku]

Great video. Nice sharing your experience. I will say for now, not a good one. Lets hope Chia price goes above $200.😉

[@lucaskim2421]

Life of a miner is the greatest youtubter of all time

[@TheLifeofaMiner]

You're the greatest viewer of all time. lol 😂

[@dmitriyb.6248]

Ukraine also farming Chia ^:з farming is good

[@blackmennewstyle]

Nice setup my brother

[@videogamepolak0]

which os and setup method did u use to mine chia?

[@blackmennewstyle]

@@videogamepolak0 GNU/Linux Debian using the `CHIA CLI package` but it might be a very advanced way of farming if you don't know your way with running a linux distro in server mode which requires exclusively the use of command-lines :/

[@videogamepolak0]

@@blackmennewstyle sounds like a waste of time just to say "im running chia mining in linux" thanks for the tips i just want to get up and running

[@blackmennewstyle]

@@videogamepolak0 Sounds like more that you don't have the right mentality to last long in crypto and even in life. Any opportunities for learning new skills are very important. Good luck!

[@videogamepolak0]

@@blackmennewstyle nah im just not investing a ton of time and effort, then learning linux to go small time, be different if i had 500tb or something ready go , i dont, just maybe 20tb only

[@boombap4197]

Really good video, straight to the point. How much electricity does that rig pull?

[@newman9948]

~250w imo

[@pynoypride87]

I was about to do this thanks for the update… I was gonna buy a bunch of hardware but now I’m not and use what I have.

[@johntheawsomeful]

just mine hex proof of drive waste is not as bad as proof of energy waste but still has negative externalities

[@drsant21]

I believe you could have saved some money if you had bought 10 or 16 Tb drives and dropped them in a hard drive enclosure. 8 bays enclosures were $220. Or even cheaper were the 5 bays enclosures for like $115... I bought my 10Tb for $80 each...

[@TheCaptainJrod]

Holy cow I’d LOVE to know how you got that to mine alongside your GPU’s!

[@foxbox2879]

You can do it thru the Chia GUI in the background.

[@CheapCharlieMiner]

Hey, i not receive any chia in my wallet since i moved from windows to mac. Do i have to tell chia some new adress? i not understand. Can you help? Thank you !

[@domineerking]

great video. appreciated. from you all statistics if u buy 5x RTX 3070 and mine NEXA coin with it, i can make a reveune of 5times more. dont you think its better? can make a video comparing chia mining and crypto mining (NEXA Coin) ?

[@garry12777]

How is this possible when evergreen chia miners claim close to 2 coins a month for a similar Terabyte amount...

[@justfilming]

Was thinking the same thing

[@garry12777]

@@justfilming actually I'm wrong. He had 77 TB there. The evergreen miners that yield near 2 coins are 160TB. Their starter kit PLUS, yields 0.78 tokens with 64TB. That's their second best one which is cheaper than this. However, considering what he spent, you might as well get their best one and save on work.

[@videogamepolak0]

whats the best wallet for chia?

[@wegder]

I assume the price would crash if people sell.

[@micycle8778]

what is that song

[@briankuhn7396]

2:15 I hate to tell you this, but rewards will not remain constant for that long. Chia rewards will be halved in 2024. It will go from 64 to 32 Chia /10Min. And HDDs will go bad, so don’t count on selling all of the equipment. Bottom line, this is a great hobby at small scale. The only way to make good money doing this is very large scale.

[@shebangbinbash1776]

Even at scale, we're not making a dent on our investments. It's a long game, full of hopium and wild turkey (booze).

[@martinradioactivo]

Are you using GPU’s only for plotting ? If so, once you have finishing plotting your HDD’s is there any other use for GPU’s ? Would be great if you share how to config your GPU rig for plotting

[@drsant21]

I believe he is using his GPUs to mine something else that is not chia, and at the same time, he's farming chia. Chia plotting is temporary. You only need to plot until your hard drives are full. That's why it is not a good idea to invest too much on plotting hard ware.

[@johnsmith-pk2dj]

You spent way to much on those hard drives. You can get used server harddrives for around $12 per TB. 18TB drives seems to be the sweet spot right now.

[@shebangbinbash1776]

The prices of storage devices in the early heyday of chia were artificially increased off the charts due to temporary demand.

[@goodperson5992]

GPU for plot or mining?

[@acek6569]

More content, you been lost

[@mining4798]

Your hdd too expensive, mine is $10 1T average 😂

[@stevEN-es7pd]

Less is more with chia i feel...

[@FARHAT878]

I want to start mining please 🙏 If anybody know good sources help me start leave it in comments thank you 🙏💕

[@howardandrus8828]

Depends on your skill level and how much you will be involved. If your thinking Chia, there is Evergreen Chia and thats out of the box ready just about. Then if you want, you can try to Plot and Farm on hard drives but it's got it's challenges. It's not get rich quick and a process. I'd say write a 1yr, 3yr and 5 year plan-goal. Review and re-adjust frequently. Study first, then make a move. Good luck.

[@shebangbinbash1776]

Don't get into it for monetary profit. You will most likely regret it. Rather look for gain in skill. I guarantee you will learn a ton. Then if you do make any profit you can be pleasantly surprised. DIY is the way, in my opinion with chia. Pick up used parts and make something. Make mistakes and learn from them. Hint: chia is very opposite to enterprise and standard best practices.

[@TheSeanerK]

I've been solo mining for just under a year with setup that was made of hardware already had on hand 36TB farm have mined 8 chia so far...

[@miningbay9354]

which OS are you using windows/hive for the Chia setup, can you make a video for the chia firm setup.

[@georgeries]

NICE VID ✅ XCH 🚀 🤷🏽‍♂️

[@OlimiaDaddy]

I used to have 96TB plots...now I format all HDD and sold them all, did I ROI yet? No~~only,first week when XCH launched. 0.3XCH get you $400 somthing.

[@lorenzo42p]

you didn't factor in electricity costs? will you ever break even?

[@huseyin6334]

Hi you are right and i think he do not pay electric cost:) because he do still gpu mining i think electric cost free i say you chia if this price continue neen to roi multiple two so yo need to work your system 10 years and where is pc price and hdd is die look harddisk sential program ypur hdd healt after that speak and all of them says one hdd maximum live 10 years you think and maybe chia price cheaper than this price or maybe high

[@howardandrus8828]

@@huseyin6334 Hi, if in the next Bull Run, it goes to $200/Chia, that changes the outlook. Buy now/Farm now, Stack for later. I think anyone starting now thinking they are going to make money right away is not doing their homework. Crypto is a long term plan. For most, I think it's cheaper and easier to buy crypto without the technical stuff, cost, power requirements and space for mining. Mining isn't for everyone but it's interesting and fun at times. Good luck!

[@huseyin6334]

@@howardandrus8828 hi if anybody know chia 200 usd why do farming buy coin because now 4 tb hdd price 150 usd if buy 150 usd chia now 4 chia is it right but 4 chia need to farm hpoll for 4 tb how many years need i say you minimum need 25 years you think and maybe 1 dollars price who qaranty give price 200 usd

[@edwardhewer8530]

How is that 16 port USB hub going? Do you ever lose drives out of nowhere and have to reconnect? Thanks for the video.

[@TheLifeofaMiner]

Never lost connection with this USB hub. It had good ratings on amazon.

[@zuyanchang]

I use USB HUB over 1 year ....only one disk some time loss . I have over 50 USB HDD .

[@shebangbinbash1776]

​@James Chang not connected to a single pc.

[@hossamazab4863]

Racing video cards to mine is long since yesterday. There is a much better option for digging coins - the Utopia ecosystem