Just curious. I've never dabbled up until May of this year with the new kid on the block, Chia. The "Use any old hardware you have kicking around" (since it's Proof of space, not proof of work like the others like Bitcoin which require beefy expensive computers) was appealing to me, and I had an old desktop that was more than adequate for the plotting phase, and enough old idled hard drives (which are the core of the Chia system based on storage, not processor power) to get started.
I did invest a few hundred bucks on some more hard drive space a month or so later. Comparatively I'm still a thimble in the Atlantic ocean, but hey, the whole thing turned my gears.
I hit 2 coins inside the first few weeks. Lucky. Very lucky. At the time that was about $650 worth which put me up significantly. I've since bought a few more 16tb hard drives and continue to expand, and moved onto pools which are earning me about $1.25/day right now at current Chia prices of around $180USD - down from when I hit. $1.25/day (in coin equivalent based on current prices) isn't much, but I'm just going to keep building coins and let them ride. Even after daily hydro costs I'm still turning a profit, so hey.
Their current value isn't remotely life changing money, but if they go stratospheric in a few years like Bitcoin or Eth has done, well, with the number of coins I might have at that point, it could be a little retirement nest egg.
Or it could crater and be worth the equivalent of a few beers at my local. Who knows.
I do know that I don't want to be like Bitcoin Pizza guy who wasted a bunch of Bitcoin back in 2010 on a few pizzas when those same coins would be worth $3.8 Billion (Yes, with a B) today. That's expensive pizza. I'll let things ride for at least 5 years before making any decisions.
Curious if anyone else dabbles.
I did invest a few hundred bucks on some more hard drive space a month or so later. Comparatively I'm still a thimble in the Atlantic ocean, but hey, the whole thing turned my gears.
I hit 2 coins inside the first few weeks. Lucky. Very lucky. At the time that was about $650 worth which put me up significantly. I've since bought a few more 16tb hard drives and continue to expand, and moved onto pools which are earning me about $1.25/day right now at current Chia prices of around $180USD - down from when I hit. $1.25/day (in coin equivalent based on current prices) isn't much, but I'm just going to keep building coins and let them ride. Even after daily hydro costs I'm still turning a profit, so hey.
Their current value isn't remotely life changing money, but if they go stratospheric in a few years like Bitcoin or Eth has done, well, with the number of coins I might have at that point, it could be a little retirement nest egg.
Or it could crater and be worth the equivalent of a few beers at my local. Who knows.
I do know that I don't want to be like Bitcoin Pizza guy who wasted a bunch of Bitcoin back in 2010 on a few pizzas when those same coins would be worth $3.8 Billion (Yes, with a B) today. That's expensive pizza. I'll let things ride for at least 5 years before making any decisions.
Curious if anyone else dabbles.
