I must have been mad thinking about entering the Crypto-mining space at the worst time ever!
But in June/July of 2022 that is exactly what I did.
The Ethereum merge hit in September, and over the coming months I would find that my modest 5 GPU mining-rig would not be able to mine profitably on anything. Crypto prices would plummet making things even worse. Then If that was not enough, energy prices soared in the UK.
I diversified my portfolio, mining for as along as I could without extreme daily electric costs. I explored other Crypto-mining avenues such as 'proof-of-space', investing heavily in hardware to mine Chia coin.
I have learnt a lot, made a lot of mistakes, and will still make more in the future, but I am still here - a member of the Crypto-mining community, still exploring, experimenting and despite a very uncertain future, loving every minute of it!
Join me on my journey. Like/Unlike, subscribe and comment... would be great to have you onboard.
I'm here for the videos, how you make them and the different topics. The RU-vid algorithm will never work in anyone's favour so don't think much about it. Make good interesting video and put a good description in and people will find them. I came here to the channel for the Chia and now you've got me interested in checking out stojr so in my opinion what you do is working. Have a great day and I'm looking forward to seeing more of your videos.
Many thanks for your great comment. Your support is greatly appreciated. Glad you are finding the content interesting, I just hope others are too. CHIA might come back on my channel once they have decided and implemented the new plot format and consensus. Hopefully the price goes up in the future too. I am enjoying playing with STORJ, but it has been stressful, especially today when I had to migrate my node to another machine. The STORJ docs are not 100% accurate and there are a lot of gotchas, so watch out for a video on that! Thanks for watching.
Been running a STORJ node on an old Raspberry Pi 3B+ (1GB RAM) and external 3TB hard drive for a number of months without incident. Just goes to show you don't need to have powerful hardware to participate in STORJ. Enjoying the videos.
I got my 33,000,000. I didn’t know this was an issue, I was being super safe and added pulse chain first hand, then added dome under the pulsechain network instead of the Ethernet chain.
Hi mate, Unfortunately not. If you have a look at my later videos you will see that due to poor XCH price and increasing UK electricity costs, I have deactivated my CHIA farm. The other reason for this is that I want to wait and see what the new consensus algorithm and associated plot format look like and their hardware requirements. I made the decision to not make any further investment in time or hardware until these details are in play, especially with the information that suggests SSD technology may be their primary focus. Kudos to you for continuing to explore with CHIA. Not sure what CHIA content providers are still out there - but you may find something in the archives to help you on Digital Spaceport channel with regards high compression plots. Thanks for watching.
Hi, good to hear you are earning well on Salad. I would imagine you have a decent 30 series GPU? What are you earnings over 24 hours? Are you getting GPU or CPU workloads supplied to you? Thanks for watching.
I believe they said they would get either the same or a portion of the remaining airdrop pot. If you go to domeshot.io it should have the details there. Thanks for watching.
Well, Have been checking my Metamask wallet everyday and also looking in the app for any notifications regarding the $DOME airdrop but nothing. The message on the 'Welcome' screen still says that the list of Metamask wallet addresses was taken on midnight of the 11th September and that coins will be distributed within 72 hours. Watched a video with the app designer and coin partner Dave a.k.a. 'DITRH' and it was positive as if this venture was still going ahead. Also noticed that the messaging had changed since my video, where now it is the first 1000 addresses input into the app get 33,000,000 tokens and the rest get a portion of the remaining allocation from the airdrop. Think I will have to wait another 21 hours in the UK or so before the 72 hour is up. Will let you know what I find out. Carlos.
The youtube algorithm directed me to this video, and it's the first I've watched of yours. Sorry to hear you're having to shut down your operation. Would love to see videos on your setup and future plans/endeavours.
Hi, only shutting down my CHIA operation, which was my only operation to be fair. Should have diversified a lot more. Will still be making content of some sort or another and hope you will stick around to watch. Mainly investigating AI Compute options like Salad and VAST, also STORJ and possibly even a reverse back to spec mining initially. Plus anything else that surfaces and seems worth investigating. As for the RU-vid algorithm...I am very surprised it is still suggesting me to viewers. Whenever one of my videos starts to get traction, they pull it and the graph falls off a cliff. Every time, and it's a re-occurring theme that is past coincidence now. Really wish YT had some competitors out there to make them start to treat all content providers the same. Many thanks for watching mate.
Yep - I bet British Gas had record profits as usual. It was better in the days when they had competition. They got rid of all that with the government and watchdogs help.
Same. Down to 5GPU's mining Xelis during cheap rate. Going up to the eqivalent of 39c. Looking at AI/Compute so would be interested in following your process as i get bogged down with some of the other content. Theyve just laid Gigafibre outside so ill have 1GB up and Down so im looking at getting that put in. Nel nulla mors huius patriae erit.
39c? Wow. Surprised you can run 5 GPU at that price. Looking into a lot of AI stuff. More Salad, VAST AI and have signed up for phase 2 of 'hyperlink'. Good to hear your broadband is upgrading. Might be worth trying solo mining once its active. Better chance of getting blocks? Thanks for watching.
Hate to see you go - I've always enjoyed your content even if I didn't comment (my bad). My 30TB Evergreen farm has proven itself to be the worst crypto mining purchase decision I've ever made, but as it costs virtually nothing to run, I'll likely leave it running as it's the only way I can ever hope to recoup the cost. What a huge disappointment this has turned out to be. Best of luck, mate.
No worries mate. Everybody is busy with their own lives. don't expect people to drop what they are doing to comment on my channel. Sorry to hear about your Evergreen purchase. It seemed like a good idea to a lot of us at the time. I am not going anywhere for the moment. Looking to see If there is anything I can offer of value to my subscribers now that CHIA is off. Thanks for watching.
Yeah, it is a shame that prices are being controlled and unjustifiably increased by OFCOM as and when they wish. If I hear another person say 'Net Zero targets' again....
Sad to hear channel dying. Not sure if crypto mining out of fashion for home users (I do not do it, I come here for the hard drives and servers). Plus here in UK would be insane to do this now with costs of elect. At least you are monitoring your costs and noticed making a loss - so no point in doing it, bad business. And having guts to cut it off and report here it excellent: don't throw good money after bad. Maybe start a new project for people to follow: setting up storj node or something similar.
The bigger channels are surviving in the crypto scene but they have ridiculous electricity costs of 7 - 8c per kw/h, so profit still available to them. Your channel can survive If you have sponsorship and can get those sponsors to give you a plethora of freebies for your own use and to offer as giveaways. Just look at Red Panda, Hobbyist Miner, Sebs Fintech channel for starters... they will always survive getting their hands on so much free hardware. Have got a few things to look at as potential new projects, it's whether anybody will be interested in watching videos about them. Will just have to see. Thanks for watching.
Sorry to hear you have had to make a similar decision. Its not good when you have to. It's hard to turn-off something you have built, putting time and pride into its creation, maintenance and growth. Thanks for watching.
Yes, A lot of farmers are losing confidence in CHIA. I see a lot of it in the discord. Large PB farmers not wanting to replot again with the change to the plot format and consensus algorithm, the depleting pre-farm and the more frequent sales of it, the lousy XCH price etc. etc. Brian Freeman made the right choice getting out when he did. Definitely worth looking at other proof of space projects should they arise. Thanks as always for watching.
i also saw some other youtube channel, and i think you also mentioned it, that STOREJ project. Renting out storage for cash or something? maybe a good alternative for the HDD space? For me i still like to play with massive HDD, i just dont want to involve GPU's, due to the 0.28 cents per KWH, and also dont have any solar.
Yes, STORJ is what I intend to look at first. Need to investigate exactly what data they are storing and in what format. It looks like they incentivise you to stay with them longer by holding certain portions of your pay-outs. Might be a nightmare to setup, not sure yet but will let you all know how my investigation goes. Thanks as always for watching.
I haven't tried many cases but out of the CIT and the MSI Velox 200R, I prefer the Velox. Its bigger, has the great GPU riser bracket and the easy access tempered glass side panel. Not a fan of some of the cables but you can make ot work as can be seen in my Dell Optiplex 9020 SFF case conversion video. Thanks for watching.
As you got only a IOM it should start and work with just one disk. But every time you add a new drive you must make a rescan of the entire SAS topology. And the Rescan is done at you Raid controller / HBA.
That's great..thanks for the info. Going to be a while before this gets fired up as waiting for the introduction of the new plot formats. Thanks for watching.
Lots of reasons really... I know a lot of crypto miners make open air CPU and Salad rigs like Red Psnda and Rabid, but I prefer keeping cabling tidy, being able to control heat dissipation. There are also fire safety concerns with dust if you are a residential miner. Plus, i might want to use these pc's for other things in the future so portability is a big factor. Thsnks for watching.
Bit difficult to advise on that as I haven't got a 3020 I have a T3620 precision with a 3060Ti working ok inside. As long as the motherboard has a 16x pci-e lane and your PSU can supply the required power, you may be able to put a 40 series in, but I would not know if it would work. Hope that helps.
Havnt done anything with Chia for a year now. But im still wondering he, what if you keep to the old uncompressed plots, and just put more hdd in your farm. Would that be more energy efficient that constantly use a GPU to farm etc.? I think it does. since a HDD only draw like 5-10watts. What is your thought on that?
Yes, could definately add more compressed plots on drives but CNI need to give more information on their new plot fornats. Looks like they are going to focus more on compression for SSD'S than HDD's , which is dissapointing after you have invested so much. Bet Brian Frreman is glad he sold his massive HDD farm now. With the CHIA price as it is at the moment, and its uncertain future (dipping into the pre-farm seems to be occurring more frequent and it can only last so long), I certainly won't be investing anything for the foreseeable future. Going to look at diversifying into other long term areas like STORJ. Thanks for watching.
@@crypto-carlos yes its a shame imo how chia devoloped over the last year. hear a lot of bad things about it, from good sources. the project was so cool. pure hdd farming, now its again another GPU coin. Well the hdd's wasnt a waste for me, i build a unraid fileserver from it. and i knew this could happen, so i dont realy see it as money loss. Needed a fileserver anyway somewhere down the road. I just wanted to see it continue a bit longer as hdd coin sort of speak instead of turning it into a gpu power coin :(
From what they are saying the new plot formats won't need GPU for harvesting. Probably just for plotting. We will have to wait and see. Good you could put your drives to another use.
They are in cahoots with SEAGATE and WD. Their goal is to increase SSD sales. A year or two and we will see a great price. Everyone will go buy SSDs at a much higher price)) Remember what happened with video cards. People have short memories
Yes, I agree with you there. News of some great advancements in SSD technology coming out from the big players. Timing of the CNI announcement to support SSD's better than HDD's in the plot format rewrite, suspicious to me.
Not sure... but they seem to be pushing the SSD route more than normal. Did notice a CNI RU-vid short come out the other day with excerpts from Bram's dialogue in the July Tech Talk... funny to see some emphasis on the section where he mentions HDD support. I can't believe they buried this announcement in the July Tech,Talk, without any indication it was going to be discussed. Surely, they realise it is something all farmers would think a priority for highlighting? Definitely think it did not get enough concentrated exposure. Hence my video.
@@crypto-carlos CNI is probably afraid that the farmers that are over committed after the buy my used datacentre drives, might cut their losses. Which would drop a big % of nodes off the network. Just my 2c on the behaviour.
Sadly I was not around to see those days, but I am sure they were very brief anyway. Profitability is possible today but it comes down to what country you are in, electric costs, plot format and compression level, your hardware setup and how you configure it. In th Uk, with high European electricity costs, my choice of compression level and my choice of mixed hardware setups, I am far from profitability. Thanks for watching.
Max Wittal (madmax) is way ahead of CNI with the plot formats he developed for his MMX blockchain. (And CNI actually paid Max to lecture on them to CNI development staff). They are compression resistant and similar to what you've outlined here for CNI with two formats for HDD and SSD. People are plotting for MMX testnet and (eventually) mainnet using Max's formats right now. From an interview with Dr Nick (who now is employed by CNI) I understand that CNI didn't like something about Max's approach and is going a somewhat different direction although it sure seems more similar than different to me. The compression resistant direction is totally understandable to me and all of us who fell down the compression rabbit hole have only ourselves to blame. I don't think GPU's are totally out of the picture for plotting - they must be for farming. Max's two formats still requires GPUs to plot and he claims it's just not worth using CPUs.. Perhaps this is where CNI differs from Max. I wonder if CNI doesn't develop a GPU based plotter for their two new formats, then someone else will.. Developing for SSDs makes sense to me.. One day HDDs will no longer be manufactured. That may be 10 years from now but I believe it will happen. Putting compression out of business (looking at you NOSSD) can't happen soon enough. Replotting 200 TB shouldn't be a big deal.. I just replotted over 300 tb from Chia to the new MMX formats myself after the plot filter halving forced my hand. K32 C10 takes my dual socket plotter 8 minutes a plot using a 3060ti and an A4000. It is slower yes.
Thanks for your informative comment. Although I have used MadMax in the past, I have never kept in the loop with his developments. Time to change that. Thanks for watching.
I was thinking of replotting my chia plots to c30 compression. They are c0 now and not making much of anything at the moment. I really haven't found any good advice if it makes any sense to do anything anymore with chia.
None of us know what to do mate. You have to make the right decision for yourself at the moment. With the new plot format coming, I am sticking with what I have at C7. Who knows what this new format will be, what drives we will need, whether compression or GPU's will come into it? Not investing in any further hardware, drives or GPU at present until we know more. With the price so low at the moment the only people making profit will be those at high compression levels, but we know from what Gene has said that the plot filter change may jave affected them. I have yet to hear from the farmers who were telling me to switch to C15 or C30 if they had issues. All i can say is that I hope we all continue to support Chia through these bad times, and maybe, just maybe the good times will come again. Thanks for watching.
Dude, upgrade your cpu to at least a Ryzen, Intel is crap for mining ghostrider.. i have a Ryzen 3600 6 core 12 thread and it walks your dual cpu. Goes 1.6kh and peaks at 7.0kh @ 90 watts.... Ghostriders algo changes the output...
Yeah...you are missing the point here.... Not buying,any new hardware, it was a video about utilising existing, dormant hardware...which the Dell is at present. Would love to have the cash to splurge on new kit, but sadly not. If you have some spare- send it my way 😂 thanks for watching.
@@crypto-carlos in Unmineable there is a referral code - when you go to unmineable on your chia rig you can paste your referral code. On the Main page of Unmineable look for this section "If you have a Referral Code you can lower your mining fee to 0.75% , just add it after your worker name, separated by a # symbol:"
3:20 I run uncompressed but was neat to see it surges GPU load non-consistent as it is for disk requests. Kaspa it's popular! I want to set it up on a rig to gain experience. Another option for spare CPU cores is Folding@home, or World Community Grid cancer research. No profit but hey, science!
Thanks for the info. Will definately have a look at folding@home. Not sure if anyone is mining Kaspa on GPU rigs anymore, maybe in the US with a low electricity rate? Lots of power needed with little return. With Ice River bringing out bigger and better Asics all the time, its going to squash the little miner out with the hashrate increase. Thanks for watching
@@crypto-carlos I think defi-django has a mad-sized GPU farm mining KASPA and Kawpow. Yeah science crunching is my game Folding and BOINC projects but no profit. My electronics teacher in high school introduced me to the concept
Yes, I have but in the majority of cases they wanted KYC, government id. Not saying it can't be done, but have not identified a secure way of purchssing crypto from here in the UK yet, unless we use UK Coinbase. I have used successful combo of Tradeogre and Coinbase a few years back before the UK gov got their hands on it. Thanks for watching.
A wide variety... Core wallets for KASPA (KDX), Meow coin, and NEOXA. Exodus for Bitcoin, Ethereum, Dogecoin, RTM. I also have some other crypto in Guarda, Atomic, Zelcore and the Pirate chain desktop wallet. Thanks for watching.
Im new to crypto and the way you explained this was perfect i watched another video and they just made this over complicated with words, now i see what they were trying to say after watching this 😂 ill let you no how to goes after its downloaded cause myn never went past 0
Well I am glad I explained things clearly. I find some of the tutorials too complicated to understand so that is why I made this one to help others. It is over a year old, so hope the process is still relevant! Thanks for watching.
Yeah...and as I have said many times before mate, I am sticking with CHIA standard software, especially until I know what is happening with the plot filter change . Not going to re-plot again if i can help it. Thanks for watching.
What have you used your Windows box for, prior to Chia? Perhaps it is unstable, due to past use? Or is your Windows box a fresh installation of Windows? Have you monitored Task Manager, to see if your CPU, GPU, or RAM resources slowly get depleted? There might be some non Chia related process that is slowly consuming resources.
The machine has been a CHIA node/harvester from new. No other software or processes running. Everything has been uninstalled or disabled if not required. Memory, GPU utilization etc. Is minimal. The C7 harvester GRResult memory issue is well documented and experienced and reported by many in various forums. Apparently never addressed by developers. Thanks for your comment and for watching.
I just cant get my head around chia you spend 10 grand on kit and 2 quid a day on leccy to earn like 70 pence of chia and spend literally hours a day piddling around constantly battling hardware and software issues? What am I missing? Ps I've got some GTX1050s in the attic no power plugs needed on those if you want to try something with a bit more poke instead of that GT1030 which is limper than a bowl of jelly in the summer sun! :P
Hi, and thanks for a great comment. Going to be quite a long reply though, so bear with me... I don't think you are necessarily talking just about XCH. It is the same mining any crypto, especially in the UK with our high electricity costs. From a personal perspective, it is not just about 'instant' profit for me. Yes. it would be correct to say that buying XCH would be a better option at present, but that attracts unwanted scrutiny. Also, I like to look at the bigger picture. I don't know If you have seen Gene Hoffman's interview with Brian Freeman recently, but if you did, you would have recognised that here is a CEO who knows his product inside out, more knowledgeable and confident than Elon Musk with any of his presentations that I have witnessed. Listening to the history and plans for the product were nothing more than awe inspiring. I certainly want to make sure that I have a growing infrastructure for this coin, so that in the event of something good happening, I am there to reap the benefits. I certainly don't want to be one of those people who didn't invest in Bitcoin when it was $2. And I say Bitcoin purposely, because the XCH blockchain has the potential to offer much more, and it only can do so with the support of the community of Nodes and Farmers. On another note, buying XCH doesn't teach you anything. I may be in my fifties but I still yearn for knowledge and technical challenges, and looking after my mini data centre fulfils that. It's a great feeling when you let nothing beat you. We are all built differently, and this is just the way I work. I haven't spent anywhere near ten grand on my infrastructure. Every bit is EBay…unloved e-waste put to good use, and in a sustainable and (as efficient as possible) manner. Thanks for the offer of the GTX1050's, but my next video will explain the experiments that I have been conducting recently and what I have in place now. Many thanks for watching.
Hi, as much as I would like to help, this guide is only for the ReadyNAS 2100 V2. I have never seen an Ultra or know anything about its OS support. Your best bet is the NetGear forums where you can search for help on upgrading that model, if possible. Thanks for watching.
These types of statements keep coming up so I will address here and hopefully my thoughts on the subject will be respected... Firstly, I am not against any of these technologies, apart from the fact they move away from decentralization. In fact I may explore several of the up and coming versions of each as 'extensions' to my main farm. I am not one to put all my eggs in one basket, so there will always be a larger part of my farm based on what CHIA software provides. My main focus at the moment is to complete my current farm with the addition of a further six drives, some alterations to hardware and operating systems. Once that is completed then I can explore these other technologies as the extensions I mentioned above, which will require additional investment that I do not currently have. Thanks for watching.
Yes, not a lot of information coming out yet about that, but from what I hear it will affect all of us. Very concerning about the potential loss of earnings the higher your compression level is. Will we all fall back to C0 and CPU harvesting? It's going to be an interesting and stressful couple of months wait...
