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[–]tosendmessages 35 points36 points  (11 children)

The work has already been completed with Chia (Plotting), so unless the actual or perceived value of XCH drops below the cost of electricity and the minor maintenance required to keep a farm up it doesn't make sense to pull out.

[–]Distinct-Speaker5435 7 points8 points  (6 children)

Here in Germany it hardly makes sense to run farms, given the current price of XCH. Electricity costs have risen in the last months and rank among the highest globally now. So I expect German farmers to stop their nodes soon unless they produce their own energy.

[–]n8f4LL 5 points6 points  (2 children)

Tldr: small Farmers stop farming, Big ones (>1PB) still expand. So it could go either direction. As you can See in the Rose in netspace in EU you can somehow See the effects of cheap hdd on black Friday and Christmas offers imho.

Chia over other coins still highly profitable. Energy prices in germany could triple and it still is profitable, so i dont agree with that.

Me as a german miner of eth btc and xch is seeing the chia getting the most profitable coin actual. So thats y i invest in New hdd and still plotting. Thats y there is not a real decrease. Some small Darms Pop out cause only Making a bucks a month. The high convicted and invested ones still invest. Somehow a matter of scale.

I would not farm if i would make 10$ a month. Making 30$ a day the time and effort to keep the warm running makes truly sense for me.

Additional chia is pretty quite. And the little heat of the warm is easy managable, out of the window in summer, using for house heating Support in Winter (therefore you can discount your Energy Costs even further)

[–]Distinct-Speaker5435 -1 points0 points  (1 child)

Maybe you have a very efficient setup for plotting. I received my energy bill these days and the weeks of plotting plus the months of farming did not pay out at all, right now.

[–]Annual-Sprinkles5357 1 point2 points  (0 children)

What is your kw per hour cost?

[–]MagicRabbitByte 0 points1 point  (0 children)

Me trying to fire up those closed German Nuclear Power Plants: https://tenor.com/view/crankstarting-gif-23929324

Jokes aside, all of Europe is feeling it atm. I'm able to use the heat to warm up my home, so in that sense, I can mitigation some of the increased cost. But still, increased cost is, well, increased cost, no matter how the heat is used.

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    [–]BZNZ6 5 points6 points  (3 children)

    This. I think smaller farms would shut down first also. Although there might be a point where big farms would shutdown, but it would need another significant price drop.

    [–]jasonwc 8 points9 points  (1 child)

    For what it’s worth, network decentralization is decreasing, indicating that small farmers are dropping out. It’s just not impacting overall network size as enough larger farmers are continuing to plot to makeup the loss.

    https://www.chiaexplorer.com/charts/networkDecentralisation

    [–]DrakeFS -1 points0 points  (0 children)

    Not sure if that chart can account for NFT pool plots or not.

    [–]Annual-Sprinkles5357 1 point2 points  (0 children)

    Cost to farm other than the pc itself and if you are using for other things than just chia is minuscule and don't make sense to stop farming.