@@hendrik0184 For anyone reading this not connecting the dots... selling the pre-farm enriches CNI. Those dollars pay for the overhead operating expenses, including the compensation of officers and directors of the corporation. No one from the outside knows how much money, if any, is coming from actual customers vs "income" from selling their "strategic reserve" of 21 million XCH.
'nobody wants to mine for charity' . I do! I mean it's not mining, but donating CPU time for disease research using Folding at home and BOINC projects across my 300 boxes! Thank you for continuing to share Chia updates, BitTorrent inventor ain't cool in my book anymore
In my mind it’s at minimum a breach of contract of sorts (I know people mostly disagree that a publication is a contract but I disagree. It’s like an advertisement).
They definitely said the point of the pre farm was to not have to beg for money like BTC devs had to do. Yes they didn’t plan on seeking it so soon but it was said that it would be used in that way.
Still mining away here. I knew Chia was struggling for a while (you'd have to be blind to disagree), but even so, the announcement of spacepool was still shocking. I've been debating whether I should shut the farm off or not. I still enjoy it as a hobby, offset a chunk of the cost with solar, and it's making some coin on the side through videos so I've been letting it go but... tired of Chia just not doing anything. We're going on 4 years now and it's done literally nothing, can't even trade it anywhere that looks "legit" (ie not a scammy site that you have to use VPNs to go through, etc etc). Not sure. Also, thanks for your time Mr. Freeman - your insight is always appreciated.
Chia is STILL struggling, and whoever was propping the price up for 2-3 weeks seems to have evaporated. I'm still profitable - but it's VERY marginal, and I have by far cheaper electric than most folks. I'm CERTAINLY not going to make back the cost of the hard drives farming Chia - but I may have an answer for that.
I have solar, in fact I have 15.5kWp of solar, but I turned my farm off about 3 weeks ago, my electric consumption has dropped by 6kWh a day, that alone is worth 90p export at day rate, more at peak rate. The house is quieter as well, it was quite refreshing to turn it off, just need to sell the drives. Haven't watched the video, got to go to work.
@@bubbab6585 IGNORE SIGNA of you are from the US. The only markets it has do NOT support US users, or HAVE ZERO VOLUME. It's far worse of an option than Chia.
Still farming. Drives are starting to fail and not really keeping up with what's earned but still going. Sad to hear pools are shutting down, especially spacepool signing off Nov 15th. More pools to follow for sure as price trends further down. Glad I had foresight to use only 20TB drives so power consumption is still below revenue but still it's cutting it close.
What drives are you running that are failing? I have over 100 drives and only had one single drive fail so far - a Seagate external a few weeks in that I was able to RMA under warranty.
@@LithiumSolar Also a Seagate drive interestingly enough, regular internal drive, pooched in less than 2 years. Even got fans on all drives, they never even get warm let alone hot. It was supposed to come with a 5 year warranty but when I sent it in they claimed it had been "opened" so warranty was void. The drive came directly from Seagate by UPS, the only ones who could've opened it were them! Don't trust their warranty, they come up with excuses not do warranty work.
20:00 'no one wants to mine for charity ', i do sort of! Computing for science BOINC and folding apps helping science research 300 boxes. Whats sad is Gridcoin doesn't have any value either
Do the scientists benefitting from your charity work receive patents or a portion of patents like most branches of science these days? It feels to me like a rich person doing a gofundme for some emergency in their life, despite them having millions in assets.
@_Wake_Up_If_U_Can Projects included in BOINC (all I believe) have vowed to have all research and results from their projects be and remain open source, hence name Berkeley Open Infrastructure for Network Computing. Not just the infrastructure being open but being community driven it is always an open collaboration. But I need to do research to verify. Second point yes it could be seen this way but the funds required for instance Krembil to use AWS or their own datacenter to Map Cancer Markers would be immense. That is what my farm mostly computes. The World Community Grid server hardware moved from IBM to Krembil Research in Canada like 2 years ago and they still haven't gotten it all ironed out. I can't imagine them being able to do compute on their own! The other big player is Folding at Home project run by Stanford, a University 'The Folding@home project is run by the Pande Group at Stanford University's Chemistry Department, a nonprofit institution dedicated to science research and education.' Or University of Pennsylvania?
@_Wake_Up_If_U_Can I want to respond to your comment but RUclips has yet again Shadow banned my comment. I suppose will post on community section on my page
The release of the Sage wallet once again demonstrates that CNI made no progress over the past two years. A single talented developer was able to create an impressive wallet like this, yet CNI took a significant amount of money-what did they accomplish with it?
My utmost respect and hat-tip to Rigidity in creating Sage wallet. It is extremely impressive what talented devs can do. He did not require 50k XCH to do it either.
I did end up turning my farm back on but once i hit 50 mined xch im selling off the hardware and just holding the coins in the hope it actually does well
I mean, netspaces has shrunken that much over the last year that I am truly considering turning my petabytes back on again for a few MWh. Super long term it's maybe not that wrong to have some untraceable XCH in your pocket. Nice seeing you being right all the time😂
Yes, read the whitepaper. "The Company also plans to adopt certain assurances that it will not make changes to, as an example, its commitment to not sell chia coins from Chia Network’s Strategic Reserve without 90-days’ notice to the public." Brian, are you asserting that CNI did not give 90 days notice to the public?
"Should any of these controls be so changed, they will not be implemented without at least 90 days of public notice of that change which shall be posted on the Company’s website, in its Keybase channels and/or other similar highly visible methods. " Even there in 2021 v1.0.
Hey look someone that read the white paper. This is exactly what I said but they don’t want the answer. They want some answer that will make them happy.
Please enlighten your readers. How did CNI comply with this provision? I’ll wait. (Spoiler, I already know the answer CNI tried to give multiple times on their Discord).
@@brianfreeman6226 I'm truly curious which is why I'm asking, in your opinion did they not give 90 days of public notice on the Company’s website, in its Keybase channels and/or other similar highly visible methods? Was it considerably less? Searching I'm seeing first official post about MM loan on 10/13/2023 and latest whitepaper revision 2.0 is well before that 02/2/2022. Also prefarm was reported locked by JD on 07/20/2023 for 90 days which coincides closely with 90 days before 10/13. There was also plenty of open information given about how to track prefarm movement. IANAL so perhaps you could be so kind as to enlighten me?
I have 200TB, farming since day-1. I'll just HODL and continue farming long-term. The kids becoming adults are all about paying using crypto, so it may be a good retirement payout one day, or not.
As I've been saying for a while, xch was only designed to onsell used datacentre drives at above retail prices. You'd see the plot format being fixed if it wasn't designed to fade away after the drives were sold.
Zotac B150 mining MB with intel G4930 (winraid bios mod), 16 GB 2400Mhz, RTX 3070 low power settings (3060 12gb was not doing so well), EVGA 1300W G+ (eco settings) (way to big, but it's what I had with 25A 12v), Windows 10, 30 Seagate EVOS 18TB, 5 20TB, 5 22TB. So, 40 Seagate EVOS HDs all in 2 4U serve cases with 6 fans in each case. (1w per fan) Sometimes it does jump to 293W and monitor is off. I once had the same setup running on 215W but had to add the GPU when I went to C7 plots. The GPU doesn't use that much power, because it doesn't have to work that hard (not like making plots). This is a nice setup, but this cost me almost $10,000 to build with all new drives and hardware. So, it better be nice. So, for just $30 worth of power, I can farm 8 XCH + a month? Sounds like a winner to me (making 4x power cost). But, I order to make back any investment you would need to get drives for cheap. But some older drives may use more power. I can't wait till NVMEs come down in price to the $15 per TB range.
Yeah, Sorry, I decided to turn off the Power last Feb 2024,,, Only 12 Chia,,, Totally Fooled on missing the band wagon.. What a waste of Power and Hard Drive money. not too many GB really only 60TB or something... Was a loss leaving the power on Sorry.
I'm starting a new project, I have a ThreadRipper 1900, with two AMD RX 6800 XT's and 128gb 3200Mhz memory, I'm installing ZLUDA to see if I can do any AI work on them with the hopes of renting them out. If the first GPUs works, I plan to use Hyper-V and make a second instance by allocating 64GB of the 128GB to that. But maybe I will need to install a 2950 to get the threads back up. If I can use my AMD GPUs to make passive income, then I will put my 40 plus AMD GPU's back to work. But, still farm Chia, just because I like the project.
Without you chia would just slowly fizzle out and be forgotten but instead you are giving them a good old nail in the coffin. You are their favourite RUclipsr
When Chia first came out we setup 30 or 40TB of plots and added 2Tb Samsung NVme's to several of our pcs. After 30 days we had earned exactly NOTHING. It annoyed me enough that I turned that trash off and deleted it all. I realized in that moment I was helping maintain something that was only benefiting those who knew how to game the system and/or were on the inside. We still laugh at our ignorance to this day all these years later. We still use all the hardware we had bought for, according to my experience, scam coin Chia. Despite our 1gig fiber internet connection and high quality hardware we could not earn anything with Chia.
Just mine SIGNA. Chia is just a bad copy of Signum. With little commitment, SIGNA mining is already more profitable than Chia mining. SIGNA is still very cheap and totally undervalued.
MY CHIA FARM STOPPED SYNKING IN JUNE RITE BEFORE IT WAS SUPPOSED TO GIVE ME 2 CHIA. MY POWER WENT OUT AND I LOST A COUPLE DRIVES MY FARM HASNT SYNKED UP EVER SINCE ITS STUCK ON THE FIRST PLOT IT TRIES TO SYNK
You may need to download the updated database from the Chia site. I had a similar issue as i ignored updating my software to the point my older software refused to sync and only worked once i installed a newer database onto my PC then when I loaded it sync'd. Try that. Hopefully it works.
It’s funny cause in the white paper it tells you what they will do if pre farm needs to be sold. And they did that exact thing. Read better people. Also it was always said. Pre farm was to build without begging like BTC devs did.
I don't think this is a fair judgement of the current situation and this is coming from someone who didn't mind the BWfree 3 part series. CNI has been shipping and continues to do so. What happened is basically out of their control (macro market forces and regulators doing a poor job). The decision to use the prefarm was out of necessity and not due to their poor performance. Keep in mind selling the prefarm hurts their total valuation as well and therefore all of the team member who have shares. Also, both of you come across as new to this space if you have never seen an asset like ETH for example going from totally dismissed as hot garbage to now worth hundred of billions of dollars. If they are building something worth and new, price can go down but it will eventually spring up just as hard. Besides I also disagree with your thoughts on Berkley and this whole notion that Chia isn't green... You are simply ignorant as to the larger plans here.
Lmao this guy sent mail to the SEC lmfao. It ain’t a security but trying to be little snitch is funny. They already talk to the SEC about IPO. I’m pretty sure SEC already knows what chia is doing. What a ham.
You overinvested straight into a super high inflation scheme and with really high kwh rates. You were almost 100% guaranteed going to be outcompeted within just a few years. If anything, the prefarm should have been partially sold early on like all the PoS chains did. Then the initial high price would never have happened and, sorry for being blunt, but, fools would not have overinvested in hardware.. probably. Right now the network rewards are basically the price of a saudi prince's lunch money. The prefarm sales don't change it significantly. Per year it's currently around $24m in blockrewards and then maybe 10-40m in prefarm sales. Maybe more, but in crypto space, still a nothingburger. Dogecoin rewards are something like 1 or 2m A DAY. Bitcoin ~30-40m.
Saying that crypto, even crypto RUclips is a "dying market" is CRAZY!!! Crypto is the fastest growing financial sector in the world lol. Wtf are you looking at!?
@@brianfreeman6226 I'm profitable on many different options - but my electric IS near free compared to your very high California electric pricing. Profitability DID collapse after the ETH conversion to Proof of Stake - but that's actually nothing new (though it is a bigger collapse and has lasted longer), saw the same thing when Litecoin ASIC started showing up, ditto X11 ASIC, etc....
@@brianfreeman6226 Wasn't you that said it. I think it was poor investor. Maybe he misspoke. I agree though. Rough on miners right now. I've quit mining anything and just buying crypto here and there for the past year.
Most crypto projects are only medium hot air. Marketing blah blah and nothing substential. Crypto market does not even grow that much currently. And looking at crypto fanboy behavior most just waiting for "moon" to sell, but what crypto realy needs to grow more is new people to sell on. Else the pyramid does not work out ;-)
@campingismylife9394 please explain. A little pump and you say this didn’t age well. Let’s see how long before it drops by the end of the night. Com’on you’re better than this
@@poorinvestor Not only did the video not age well, this comment didn't age well. a double in price within a few days is certainly not a "little pump". It's ok, you have fallen into the same trap all the other new crypto people fall into. You fud in when the price is high and give up when the price is at it's lowest. I dont know if anyone ever explained this to you but you supposed to buy low and sell high. You and most others do the opposite.
Hey Poor Investor, I’ve been a long-time subscriber to your channel and started mining Chia way back before we had pools. I currently have 15 XCH and I’m looking to sell them or transfer them to another exchange. Could you make a video explaining how to do this step by step? My goal is to sell my XCH and convert it to another type of cryptocurrency. I’m located in Canada, in case that info is relevant to the process. Thanks again for the great content. Boss salute! 🫡
Lmao this guy sent mail to the SEC lmfao. It ain’t a security but trying to be little snitch is funny. They already talk to the SEC about IPO. I’m pretty sure SEC already knows what chia is doing. What a ham.
![SahBabii - Viking [Official Music Video]](http://i.ytimg.com/vi/D37cL92JX0I/mqdefault.jpg)
CNI selling the pre-farm depresses XCH value. It harms farmers. It harms retail bag holders.
but you do know whom it doesn't harm, don't you? 😂
@@hendrik0184 For anyone reading this not connecting the dots... selling the pre-farm enriches CNI. Those dollars pay for the overhead operating expenses, including the compensation of officers and directors of the corporation. No one from the outside knows how much money, if any, is coming from actual customers vs "income" from selling their "strategic reserve" of 21 million XCH.
Are they a public company? No oh so you don’t need to know anything.
@@Leafy_k ruclips.net/user/clipUgkxPEekftiwv27Go5zH6qwRzr_WXqWh4DlD?si=rwHqWM5ktI97y_p9
'nobody wants to mine for charity' . I do! I mean it's not mining, but donating CPU time for disease research using Folding at home and BOINC projects across my 300 boxes!
Thank you for continuing to share Chia updates, BitTorrent inventor ain't cool in my book anymore
FUD is important, thank you for playing your part.
If you say: "We will never ever never ever use premine" and then you go and use the premine, in my books this is a classic "rugpull".
In my mind it’s at minimum a breach of contract of sorts (I know people mostly disagree that a publication is a contract but I disagree. It’s like an advertisement).
They definitely said the point of the pre farm was to not have to beg for money like BTC devs had to do. Yes they didn’t plan on seeking it so soon but it was said that it would be used in that way.
Still mining away here. I knew Chia was struggling for a while (you'd have to be blind to disagree), but even so, the announcement of spacepool was still shocking. I've been debating whether I should shut the farm off or not. I still enjoy it as a hobby, offset a chunk of the cost with solar, and it's making some coin on the side through videos so I've been letting it go but... tired of Chia just not doing anything. We're going on 4 years now and it's done literally nothing, can't even trade it anywhere that looks "legit" (ie not a scammy site that you have to use VPNs to go through, etc etc). Not sure. Also, thanks for your time Mr. Freeman - your insight is always appreciated.
Thank you 🙏🏻
Chia is STILL struggling, and whoever was propping the price up for 2-3 weeks seems to have evaporated.
I'm still profitable - but it's VERY marginal, and I have by far cheaper electric than most folks.
I'm CERTAINLY not going to make back the cost of the hard drives farming Chia - but I may have an answer for that.
I have solar, in fact I have 15.5kWp of solar, but I turned my farm off about 3 weeks ago, my electric consumption has dropped by 6kWh a day, that alone is worth 90p export at day rate, more at peak rate. The house is quieter as well, it was quite refreshing to turn it off, just need to sell the drives. Haven't watched the video, got to go to work.
Just mine SIGNA
@@bubbab6585 IGNORE SIGNA of you are from the US.
The only markets it has do NOT support US users, or HAVE ZERO VOLUME.
It's far worse of an option than Chia.
Still farming. Drives are starting to fail and not really keeping up with what's earned but still going. Sad to hear pools are shutting down, especially spacepool signing off Nov 15th. More pools to follow for sure as price trends further down. Glad I had foresight to use only 20TB drives so power consumption is still below revenue but still it's cutting it close.
Oh wow, I thought Space shutdown ages ago - didn't know it was an announcement for the future. Oh wells. lol
😂
What drives are you running that are failing? I have over 100 drives and only had one single drive fail so far - a Seagate external a few weeks in that I was able to RMA under warranty.
@@LithiumSolar Also a Seagate drive interestingly enough, regular internal drive, pooched in less than 2 years. Even got fans on all drives, they never even get warm let alone hot. It was supposed to come with a 5 year warranty but when I sent it in they claimed it had been "opened" so warranty was void. The drive came directly from Seagate by UPS, the only ones who could've opened it were them! Don't trust their warranty, they come up with excuses not do warranty work.
As Gene would say: if you're sure it's all bad, you should just leave man🤣
😂
20:00 'no one wants to mine for charity ', i do sort of! Computing for science BOINC and folding apps helping science research 300 boxes. Whats sad is Gridcoin doesn't have any value either
Do the scientists benefitting from your charity work receive patents or a portion of patents like most branches of science these days?
It feels to me like a rich person doing a gofundme for some emergency in their life, despite them having millions in assets.
@_Wake_Up_If_U_Can
Projects included in BOINC (all I believe) have vowed to have all research and results from their projects be and remain open source, hence name Berkeley Open Infrastructure for Network Computing. Not just the infrastructure being open but being community driven it is always an open collaboration. But I need to do research to verify.
Second point yes it could be seen this way but the funds required for instance Krembil to use AWS or their own datacenter to Map Cancer Markers would be immense. That is what my farm mostly computes.
The World Community Grid server hardware moved from IBM to Krembil Research in Canada like 2 years ago and they still haven't gotten it all ironed out. I can't imagine them being able to do compute on their own!
The other big player is Folding at Home project run by Stanford, a University
'The Folding@home project is run by the Pande Group at Stanford University's Chemistry Department, a nonprofit institution dedicated to science research and education.'
Or University of Pennsylvania?
@_Wake_Up_If_U_Can I want to respond to your comment but RUclips has yet again Shadow banned my comment. I suppose will post on community section on my page
@_Wake_Up_If_U_Can I can't reply I keep on getting s h a d ow b a n n e d
@_Wake_Up_If_U_Can RUclips comment system no bueno
Thank you for the video. I hope to see you both every month at least
The release of the Sage wallet once again demonstrates that CNI made no progress over the past two years. A single talented developer was able to create an impressive wallet like this, yet CNI took a significant amount of money-what did they accomplish with it?
My utmost respect and hat-tip to Rigidity in creating Sage wallet. It is extremely impressive what talented devs can do. He did not require 50k XCH to do it either.
I did end up turning my farm back on but once i hit 50 mined xch im selling off the hardware and just holding the coins in the hope it actually does well
50xch
with how many tb? and for how long were you there?
"I don't think that was a... fudding rebuttal?" 😂
Y'all are going to be infamous for this.
Thanks for interview.
I mean, netspaces has shrunken that much over the last year that I am truly considering turning my petabytes back on again for a few MWh. Super long term it's maybe not that wrong to have some untraceable XCH in your pocket.
Nice seeing you being right all the time😂
Netspace has not dropped anywhere near as much as Price has.
But if you're figuring "use it for space heating" it might make sense.
Yes, read the whitepaper.
"The Company also plans to adopt certain assurances that it
will not make changes to, as an example, its commitment to not sell chia coins from Chia
Network’s Strategic Reserve without 90-days’ notice to the public."
Brian, are you asserting that CNI did not give 90 days notice to the public?
"Should any of these controls be so changed, they will not be implemented without at least 90 days of public notice of that change which shall be posted on the Company’s website, in its Keybase channels and/or other similar highly visible methods.
" Even there in 2021 v1.0.
Hey look someone that read the white paper. This is exactly what I said but they don’t want the answer. They want some answer that will make them happy.
@@ethanwaldo1480 oh there's a white paper? Hmm.
Please enlighten your readers. How did CNI comply with this provision? I’ll wait. (Spoiler, I already know the answer CNI tried to give multiple times on their Discord).
@@brianfreeman6226 I'm truly curious which is why I'm asking, in your opinion did they not give 90 days of public notice on the Company’s website, in its Keybase channels and/or other similar highly visible methods? Was it considerably less? Searching I'm seeing first official post about MM loan on 10/13/2023 and latest whitepaper revision 2.0 is well before that 02/2/2022. Also prefarm was reported locked by JD on 07/20/2023 for 90 days which coincides closely with 90 days before 10/13. There was also plenty of open information given about how to track prefarm movement. IANAL so perhaps you could be so kind as to enlighten me?
I have 200TB, farming since day-1. I'll just HODL and continue farming long-term. The kids becoming adults are all about paying using crypto, so it may be a good retirement payout one day, or not.
As I've been saying for a while, xch was only designed to onsell used datacentre drives at above retail prices. You'd see the plot format being fixed if it wasn't designed to fade away after the drives were sold.
280w and 8915 c7 plots. 8 XCH this month so far. I'm using the farm to heat my office.
That's a win.
kudos!
the biggest lie!
Zotac B150 mining MB with intel G4930 (winraid bios mod), 16 GB 2400Mhz, RTX 3070 low power settings (3060 12gb was not doing so well), EVGA 1300W G+ (eco settings) (way to big, but it's what I had with 25A 12v), Windows 10, 30 Seagate EVOS 18TB, 5 20TB, 5 22TB. So, 40 Seagate EVOS HDs all in 2 4U serve cases with 6 fans in each case. (1w per fan) Sometimes it does jump to 293W and monitor is off. I once had the same setup running on 215W but had to add the GPU when I went to C7 plots. The GPU doesn't use that much power, because it doesn't have to work that hard (not like making plots). This is a nice setup, but this cost me almost $10,000 to build with all new drives and hardware. So, it better be nice. So, for just $30 worth of power, I can farm 8 XCH + a month? Sounds like a winner to me (making 4x power cost). But, I order to make back any investment you would need to get drives for cheap. But some older drives may use more power. I can't wait till NVMEs come down in price to the $15 per TB range.
Yeah, Sorry, I decided to turn off the Power last Feb 2024,,, Only 12 Chia,,, Totally Fooled on missing the band wagon.. What a waste of Power and Hard Drive money. not too many GB really only 60TB or something... Was a loss leaving the power on Sorry.
Thanks god i sold my all stuff 1 year ago and all chias. Shit project really.
FUD! Spud! Mud!
I'm starting a new project, I have a ThreadRipper 1900, with two AMD RX 6800 XT's and 128gb 3200Mhz memory, I'm installing ZLUDA to see if I can do any AI work on them with the hopes of renting them out. If the first GPUs works, I plan to use Hyper-V and make a second instance by allocating 64GB of the 128GB to that. But maybe I will need to install a 2950 to get the threads back up. If I can use my AMD GPUs to make passive income, then I will put my 40 plus AMD GPU's back to work. But, still farm Chia, just because I like the project.
Without you chia would just slowly fizzle out and be forgotten but instead you are giving them a good old nail in the coffin. You are their favourite RUclipsr
😆
Sup guys , I’m already 3X on XCH . What about you ?
Only the harddisk sellers made the profit...
They sure did! And gpu guys at Nvidia 👀
engagement comment
same here!
Thank you for making this video for closure.
When Chia first came out we setup 30 or 40TB of plots and added 2Tb Samsung NVme's to several of our pcs.
After 30 days we had earned exactly NOTHING.
It annoyed me enough that I turned that trash off and deleted it all.
I realized in that moment I was helping maintain something that was only benefiting those who knew how to game the system and/or were on the inside. We still laugh at our ignorance to this day all these years later. We still use all the hardware we had bought for, according to my experience, scam coin Chia.
Despite our 1gig fiber internet connection and high quality hardware we could not earn anything with Chia.
thx from Poland
XCH will become a memecoin soon.
Just mine SIGNA. Chia is just a bad copy of Signum. With little commitment, SIGNA mining is already more profitable than Chia mining. SIGNA is still very cheap and totally undervalued.
Is it possible to mine Chia on GPU? how is it even possible? I thought that we plot on CPU and farm on HDD has anything changed?
CNI 🥱⏳
The reason chia fails is becauss I use the crap out of it!
Ground floor here?!!!
BitConnect Is Gone.
MXC Is On Its Way To Be Dead As Well.
MY CHIA FARM STOPPED SYNKING IN JUNE RITE BEFORE IT WAS SUPPOSED TO GIVE ME 2 CHIA. MY POWER WENT OUT AND I LOST A COUPLE DRIVES MY FARM HASNT SYNKED UP EVER SINCE ITS STUCK ON THE FIRST PLOT IT TRIES TO SYNK
You may need to download the updated database from the Chia site. I had a similar issue as i ignored updating my software to the point my older software refused to sync and only worked once i installed a newer database onto my PC then when I loaded it sync'd. Try that. Hopefully it works.
lol
It’s funny cause in the white paper it tells you what they will do if pre farm needs to be sold. And they did that exact thing. Read better people. Also it was always said. Pre farm was to build without begging like BTC devs did.
You have reading comprehension issues.
Obviously you do securities law lawyer. 😂😂😂
I don't think this is a fair judgement of the current situation and this is coming from someone who didn't mind the BWfree 3 part series. CNI has been shipping and continues to do so. What happened is basically out of their control (macro market forces and regulators doing a poor job). The decision to use the prefarm was out of necessity and not due to their poor performance. Keep in mind selling the prefarm hurts their total valuation as well and therefore all of the team member who have shares. Also, both of you come across as new to this space if you have never seen an asset like ETH for example going from totally dismissed as hot garbage to now worth hundred of billions of dollars. If they are building something worth and new, price can go down but it will eventually spring up just as hard. Besides I also disagree with your thoughts on Berkley and this whole notion that Chia isn't green... You are simply ignorant as to the larger plans here.
Watch that roadmap for the past year
We haven’t seen anything finish
Lmao this guy sent mail to the SEC lmfao. It ain’t a security but trying to be little snitch is funny. They already talk to the SEC about IPO. I’m pretty sure SEC already knows what chia is doing. What a ham.
My thoughts as well. Like damn dude... who does that?
@ a real life Pussy. Hopefully he don’t ever go to prison cause they would love him there.
You overinvested straight into a super high inflation scheme and with really high kwh rates. You were almost 100% guaranteed going to be outcompeted within just a few years.
If anything, the prefarm should have been partially sold early on like all the PoS chains did. Then the initial high price would never have happened and, sorry for being blunt, but, fools would not have overinvested in hardware.. probably.
Right now the network rewards are basically the price of a saudi prince's lunch money. The prefarm sales don't change it significantly. Per year it's currently around $24m in blockrewards and then maybe 10-40m in prefarm sales. Maybe more, but in crypto space, still a nothingburger. Dogecoin rewards are something like 1 or 2m A DAY. Bitcoin ~30-40m.
Any investment in farming would be an overinvestment.
@@brianfreeman6226 Yes, but not for the reasons you state.
IF THEY DONT SYNK MY FARM UP SOON IM GOING TO HAVE TO SWICH TO SOMETHING ELSE
lol, you du understand this is a user error 🤣
that guy...YMMD rofl.
Btw. caps broken.
Bram is soooo right
Brian lives eats breathes chia STILL. Lmfao
And you're still a troll
Awe cry baby Brian. You can be salty as you want in discord. I see it all lmao.
lol living rent free. Brian is sooooo butt hurt. All he talks about is XCH lmao. And doesn’t know anything about law.
Trolltastic.
@ thanks buddy
Brian was very emotional lmfao
You must be a robot. Actually, you're a troll.
Oh good one lmao. I must have gotten you emotional again. Your wife must be the Alpha in the relationship.
Saying that crypto, even crypto RUclips is a "dying market" is CRAZY!!! Crypto is the fastest growing financial sector in the world lol. Wtf are you looking at!?
They were talking about CHIA dying, WHICH IS, NOT CRYPTO IN GENERAL, which IS NOT.
I only said crypto miners are depressed. Nothing is profitable unless you have nearly free energy.
@@brianfreeman6226 I'm profitable on many different options - but my electric IS near free compared to your very high California electric pricing.
Profitability DID collapse after the ETH conversion to Proof of Stake - but that's actually nothing new (though it is a bigger collapse and has lasted longer), saw the same thing when Litecoin ASIC started showing up, ditto X11 ASIC, etc....
@@brianfreeman6226 Wasn't you that said it. I think it was poor investor. Maybe he misspoke. I agree though. Rough on miners right now. I've quit mining anything and just buying crypto here and there for the past year.
Most crypto projects are only medium hot air. Marketing blah blah and nothing substential. Crypto market does not even grow that much currently. And looking at crypto fanboy behavior most just waiting for "moon" to sell, but what crypto realy needs to grow more is new people to sell on. Else the pyramid does not work out ;-)
What downfall? Im still replotting slowly and earning xch. Why dead?
Well this didn't age well.
@campingismylife9394 please explain. A little pump and you say this didn’t age well. Let’s see how long before it drops by the end of the night. Com’on you’re better than this
@@poorinvestorthis is worth a book mark.
@@poorinvestor Not only did the video not age well, this comment didn't age well. a double in price within a few days is certainly not a "little pump". It's ok, you have fallen into the same trap all the other new crypto people fall into. You fud in when the price is high and give up when the price is at it's lowest. I dont know if anyone ever explained this to you but you supposed to buy low and sell high. You and most others do the opposite.
Hey Poor Investor,
I’ve been a long-time subscriber to your channel and started mining Chia way back before we had pools. I currently have 15 XCH and I’m looking to sell them or transfer them to another exchange. Could you make a video explaining how to do this step by step?
My goal is to sell my XCH and convert it to another type of cryptocurrency. I’m located in Canada, in case that info is relevant to the process.
Thanks again for the great content. Boss salute! 🫡
Lmao this guy sent mail to the SEC lmfao. It ain’t a security but trying to be little snitch is funny. They already talk to the SEC about IPO. I’m pretty sure SEC already knows what chia is doing. What a ham.