Farming Vs. buying Chia XCH you decide

Comment let me know are planningnto buy more hard drives to farm chia because ypu can plot fast or huy XCH?

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[brianfreeman]

I'm building four more plotters that will do 2 minute plots. Thanks for the shout-out!

[vintagevga]

You forgot to mention the incoming halving which will reduce the block rewards to 1 xch with in the year!

[IsaacMandez]

I would go with classic "poor invester" 🙂

[bernomarkey]

Bruce Lee. I'm sticking with the old plotting btw. :)

[Yep]

You buy only one time xch but Miner run forever is a long term best option, people are waiting 1900$ launch price Thanks for the video

[ishakaissa]

When it comes to selling hdds u don't need to rush it. For instance I buy hard drives and buy cases in bulk, and sell usb hdd with good price. That way u can get your money back.

[TheMag]

I bought 3 of those 14TB drives and plotted to them with no issues. They're refurbished Seagate drives

[felipefx]

Yeah I would buy XCH rather than more HDs, I am even thinking on selling some drives to buy more coins. Dragon Turttle Investor DTI awesome!!!

[stevEN-espd]

Dragon Turtle!

For me its more viable to buy xch.... I plot on my gaming rig from like 2014... it takes 177min to pump out two plots lol. So to upgrade that + buy hard drives its far more viable for me to just buy the xch.... Still games well on high/ultra @ 2k 60fps though so theres no need to upgrade from a gaming perspective yet lol

[rafalklepinski]

The Chill Investor lol Poor Investor is what we all know and love, keep it :) Me? I'm sticking to my 1 hour plots. I don't intent to buy drives straight into bankruptcy, slow plotting keeps me from going overboard buying drives I'll never even break even on 🤣

[brianfreeman]

Other brainstorming ideas:
1) You rent the plotter from someone like me for a month lease;
2) Plotting operations pop up in every city where you just bring in your hard drives, pay a fee, and come back to plotted hard drives;

One reason it's better for me to farm XCH than buy it is because since I am running a cryptocurrency business, all the capital costs are tax deductions; if I bought XCH there would be no tax deduction. So I minimize annual taxes while at the same time build a passive income machine.

[szmulder]

I just bought 2x16tb for farming chia, I guess just for fan not just for money.

[Nekomk]

I keep buying from stake rewards + Farming :)

[marcuskupfer]

I do have similar thoughts about buying XCH instead of investing into hardware. Especialy since here in the EU the energy cost has gone up to almost 0.40 US$ a kW/h.
Not only do you have to buy hardware, you also got a lot higher running and operating cost over here.
GPU-Mining? No thanks!

[cryptoblockchaintechnologi]

You are looking at day to day fluctuations in netspace which is going to fluctuate quite a bit as farmers are now replotting with compressed plots. That being said we do expect to see a 3-4 EiB rise in effective netspace as ~40% of farmers replot using an average of ~20% compression over the next six months. If correct by August we should be at 24-25EiB all things being equal price stc.

[amanro]

Good advice on how to get funds into kucoin without losing on transaction costs.

[jh]

Plotting at 1min per plot makes sense when you are plotting as a service but for the average person faster plotting is less important when you have a finite amount of space to fill. Fast plotting doesn't excite me

[brunoalex]

I usualy use LTC for convertions and jump from exchange to exchange, almost no fee, and think all exchanges uses LTC.
As for the xch investment? I think i will always tend to have a "fail safe net" of the hardware, as prove to me in my 2 gpu mining craze adventures. But i always buy lil crypto here and there, but xch, i tend to always go hdds :), even thinking trading some farmed xch for more drives

[emfehlung]

I think buying then staking gonna be great

[locke]

Poor green dragon turtle investor! That's a mouthful but I'm still onboard!