Mining
Over $75,000 in Hard Drive Mining… How did that go…
Over $75,000 in Hard Drive Mining… How did that go…
#Hard #Drive #Mining.. #go..
“VoskCoin”
Hard drive mining was supposed to be one of the most profitable forms of mining, after Bitcoin mining, so I added hundreds of HDDs to my basement and then eventually a shed… These hard drive mining rigs and my mini DIY data center for HDD mining cost more than $75,000, how has it really been…
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Mining is fun Vosk! We all seem to do it and some of us got into it because of you. We all know the risks hence why I'm $15k in debt lol…but unlike you I didn't have that money laying around so I wanted to create the coin. But if I did have the money I would have used the $50k to buy BTC when it was back down to $16k… because now you would have close to $150k in the positive. Imagine investing that money in something like Kaspa back many months ago.. you would have like a million bucks right now. I never understood why people with money don't just invest it in crypto and just have a few miners to keep the channel going. The channel could have also been a mix between mining and investing.
You built a great tax break! 🙂 Luv the content and your great attitude!
Good Luck!
I’m beginning to think that some of these folks are right that the only ones making money are the ones mining the miners. #letsstartamovement
At this point, you just have to cut your losses and move on. You would be better off selling all your hard drives, and buying Chia. I picked up a ton of these back in the day to farm Chia and really do not like where the project is going. I moved on to other more exciting projects.
Man that solar farm vosk is going to cost you a fortune to generate power your currently consuming.
Ideally really chia will double in price atleast in halfin I would expect atleast 30% increase.
You should have seen my desktop during the early chia days… two of the fastest sabrent ssds in raid 0 with like 32 core ryzen cpu just plotting away. It was a crazy expensive computer just to plot quickly. It's all not worth it now with evergreen.
I did chia in 2021 evergreen is really the way to go. When I did it it was DIY and making the plots is very time consuming and it requires a very very fast pc with really fast ssd setup to do it quickly. Infrastructure required to do it isn't worth it. That alone makes evergreen worth it.
Vosk…in the trenches every day lol your funny. Ya I just ran calculator on chia eh…it may have been profitable when you started but these days the roi is pretty terrible not to mention the halfin.
Power consumption is major factor why average person can't mine anymore these days. Most people don't really have the service to support anymore then maybe 2kw continuous.
Go CHIA! PS – recomend you lift your sheds a little higher (like 1 cement block at least) off the ground so they last longer…
Hey Drew. We were able to get put on schedule C in West Virginia. With first energy. So with all the fees and everything we're at about 7.5 cents.
I got the starter kit plus. The hub with 4 drives. It makes 30 to 40 cents a day or about $11 a month and costs $1399.
@VoskCoin SpaceMesh has been much better to me than Chia ever was… SVM coming soon, zkEVM+zkSNARKs. If you had 2 PiB on SpaceMesh you would earn 3520 SMH over the next 2 weeks. At $2.40 (where it was today) that’s $8448 in 2 weeks.
chia price – 98% 💩💩💩💩💩
man seriously they have made 24 gb plots….+400% and you are still with these things earning 20% search a little on google dude LOL the second video that you are not update ii :)))
convert some HDD's to mine STORJ coin
Brilliant video you mentioned a lot of my own thought when it comes to mining
I'm a Chia farmer and I'm quite happy with where its at for one simple reason. I'm not farming it for where it is now – I'm farming for where it is in 10 years. The tech behind it is simply unsurpassed amongst other cryptos at the moment and as soon as the real world adoption occurs (which is pronouncedly different from other cryptos), the sky is the limit. Its use case is different from Bitcoin, it's different from Ethereum so it has it's own niche. If I'm wrong in a decade, I'm wrong and I'll admit that but until then, I'm diamond handing it all the way.
75k on hard drive mining is pretty insane. I mean you do you but i feel like thats pretty risky for a single cryptocurrency
I have gotten good support from both evergreen and jusey, so no issues regarding support, still far off ROI though
Chia has a 'halving' in 2024….so I've made zip with these units in 5 months at about $2.5k in cost….I've made $298 in unsold chia tokens…:)
Why do my comments keep getting deleted?
Im a bit confused about these chia prebuild devices, it almost seems like the plots are already completed. Which means the devs have the keys because the only way you can have plots is if you created the key. If this is true, this is a terrible idea to buy these. I started the first day it went live and had to have a massive server (48 core with multiple enterprise ssd's) to create the plots and it took 2 months to fill 500 TB of storage. One little pie miner isn't going to fill 4x 18tb drives very fast, which means you won't be winning many blocks.
VoskCoin hang in their brother, as you know i do not like XCH because it seems too much work with too little gain, and buying pre-plotted pre-built doing the math years ago made it pointless as XCH price will never get back to its HTA, XCH is like RTM both are what they are today and may never get better than 5-7x, for the amount invested on pre-build system i just never see the value in it, with that said you already have a load invested 75k would buy you 2,500 XCH but you got that is hardware so just keep doing what you have been and hope XCH 30x and you’ll still make out good.
Thanks for that rambling, but honest breakdown of your HD mining experiment.
It highlights the reality of how risky and short lived mining and farming can be.
You have a diminishing ROI over time as you rush to pay off your investment before you can claim any profits.
You also have a few short years before equipment fails.
You also have the unstable market along with halving cutting into your profits.
Then you go all in and start to mine the sun with a solar farm in order to squeeze more life and profits out of a dwindling HD asset.
You also mine YouTube by investing your time in making content.
Seems the old adage is true; 'The only people making money are the ones mining the miners'
Starknet is close boys. Hope our VPN’s work
upvote Tails if you made it to the end!
🐶
I hit one Chia block when I was solo farming. They're kinda neat and a nice surprise. I use the gui, and it was like, huh? What's that deposit? Aside from that, I get my few pennies a day from pool farming. lol
Makes me sad when I think of its all time high back in the day – around 1400 bucks!
Crazy. I remember when you had those evergreen miners in that basement, or wherever. lol It's been a while, and you've come a long way!
👍
LMAO @ Booger flicker 😨
I've seen most of your videos and I haven't heard you mention this before but have you entertained using Salad to run GPU's for income rendering Nvidia containers and bandwidth sharing? I've used NiceHash and all before and had a 8 GPU mining rack back in the good ole days but it wasn't cutting it with my electricity at $0.24 kw/h. Still got my Bitcoin on NiceHash from when I abandoned that ship. With Salad if you use a PC and install a subsystem of Linux it downloads containers with various workloads of rendering, AI, etc and my RTX 3070ti gets me about $2-3 per day and my RTX 4080 gets $5-7 per day, and for me that's perfect for some passive income thru PayPal or other rewards I select for payout. It will mine crypto on the down-days but I disable that for Nvidia containers only. If you do it on a larger scale it's possibly pretty profitable. https://salad.com/
I agree with you on the resale value of the hard drives. I think in The long run it will pay off especially if there is another project that comes out to pivot to if Chia dumps. But I hope chia moons and all your hard work pays off.
Ok… the Amish electrician sounded funny. Like military intelligence
The only person that's done good out of this is Evergreen. Man I've said it before and I'll say it again you need to get solar'd to the max slash your costs by 50% across the board. I bet you could do it for free if you sold your chia farm!!! 😮 😀
Is there a good miner to buy for 400 euros or dollars?
Talked with Grant of Evergreen a couple years back when he was trying to selling me on it and just quick napkin match in the middle of the Mining Disrupt exhibit space, and had to tell the guy, like, dude no one is ever going to have this be a lucrative venture. When it takes you 3.5-5 years to break even, using HDD's with a 4-6 year life cycle before replacement, you're never going to get ahead.
super happy hitting a block myself too, very lucky for my 3tb setup!!! 😀
If it wasn’t for YouTube income you’d be bust
Put more immersion tanks in there and do both. You should consider doing vertical panels so you can continue farming.