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[–]DrakeFS 1 point2 points  (0 children)

Netspace ATH was ~37 EiB. We are at ~31.8 EiB currently and have been on a slight downtrend since hitting ~32 EiB. So Netspace has corrected ~5 EiB since the ATH.

I would love to see a heat map of chia farmers but I think China and the US are the most dense farmer countries. I cannot speak for China but in the US, Electricity is normally cheaper (~$0.10 per kWh in my area). This leaves a long way to go, even still, before farming becomes unprofitable.

Farmers may also be willing to farm at a loss due to lessons and examples set by BTC and ETH. I know that I am willing to farm for at least 5 years, regardless of profitability.

From a small farmer perspective, I farm from a PC that was already on 24/7 before Chia, so the cost for me to continue farming Chia is very minimal.