Well, I was originally bullish on Chia because unlike bitcoin mining, chia mining cannot be detected easily.IMHO you just need to wait a couple more months until the CCP has cracked down better on bitcoin or chia. 2/3 of worldwide bitcoin is mined in China. CCP wants to stop capital flight over these crypto coins. I think "slightly used" GPUs and HDD/SSDs will soon enter the market via Shenzhen and other locations, driving down prices. BTC liquidation is in full swing, without Musk even tweeting something.
hmm - you really think so?Chia mania is over. I see 14tb is selling for 380 on bit deals now. It will probably go lower in a week once they realize no one is buying anymore
Give them a few weeks to realize the reality.hmm - you really think so?
Refurb 16TB SAS EXOS 16 drives were sub 300 USD at the beginning of January - quick bay search says about twice that for seller refurb'ed - mine were seagate refurb'ed too. That's a lot less than your 14TB @ 380.00
HGST 4200/4201/5200 8TB used/refurbed drives are still on the bay for ~180-200 USD.
so the idea is that if China isn't allowed to mine/speculate on bitcoin, then chia might be used as an evasion? interesting.Well, I was originally bullish on Chia because unlike bitcoin mining, chia mining cannot be detected easily.
IMHO, primary driver of crypto is chinese capital controls so if chinese miners see the same oppurtunity as I do, chia may go up again until eth proof of stake comes in.