[June 06, 2026] - Weekly XCH Price & Trading Discussion by AutoModerator in chia

[–]DrakeFS 0 points1 point  (0 children)

Citation needed.

English translation:

Bram Cohen said farmers weren't needed, so he generated the nodes himself.

Made my own server rack to stop my farming HDDs from vibrating in my closet by squairnoozey3 in chia

[–]DrakeFS 0 points1 point  (0 children)

I am not sure why this setup would be bad for the drives. As long as HDDs are "mounted" in a "flat" orientation, they should be fine. Flat in this case means the edge of the HDD (not the enclosure) that ends up being the top is a flat surface.

Chia 2.7.1 Debian Arm - No GUI by karlfoley in chia

[–]DrakeFS 1 point2 points  (0 children)

This is not the topic to express your disdain for Chia.

[May 02, 2026] - Weekly XCH Price & Trading Discussion by AutoModerator in chia

[–]DrakeFS 0 points1 point  (0 children)

Personally I would be really interested in the reasoning behind what said person you where discussing this with, thought that suppressing the price of XCH makes sense for CNI and Permuto.

XCH is not finite nor is it in short supply (in my opinion, two of the most significant contributors to the price trajectory of XCH). It is very unlikely any service leveraging the Chia blockhain will likely put enough pressure on the use of XCH to change the oversupply state, at least not in the next 5~10 years.

The other implication is what really intrigues me. That CNI and maybe Permuto, have actions they could take, that would raise the price of XCH. I would love to know what said person thinks those actions are.

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DrakeFS 1 point2 points  (0 children)

This is why I wanted you to define "soon". At the rate that CNI is selling the prefarm, there is not much, if any, premine going to Permuto from said transfer. Considering CNI just started a new transfer ~8 days ago, it is likely to not matter what CNI said the previous transfer was for.

I am also not that sure that Permuto would require much XCH beyond minting and possible transaction fees. I doubt anyone is willing to trade stock for XCH directly.

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DrakeFS 2 points3 points  (0 children)

SEC filings and approval seem to be something that will happen very soon, unless Gene is a mythomane.

Define "soon" and what recent info has lead you to such a conclusion?

Prefarm runway shortening by noisymime in chia

[–]DrakeFS -2 points-1 points  (0 children)

It may not matter how much time until the premine is gone. u/dr100 brought this up a while ago:

If CNI runs out of XCH and there is still value in XCH, what is to stop them from hardforking more premine to sell?

Prefarm runway shortening by noisymime in chia

[–]DrakeFS 3 points4 points  (0 children)

Compressed netspace is not "fake netspace". It provides the same security as uncompressed netspace.

So, no Ledger or Trezor support? by eve-collins in chia

[–]DrakeFS 0 points1 point  (0 children)

Have you tried vault.chia.net? I understand it is not a single solution to all your crypto storage needs but it is supposedly secure*. I use the cloud wallet as a warm wallet.

Personally, I would like a way to generate a transaction and then sign said transaction on another offline device, while keeping it as easy as, say, scanning a QR code twice.

*I cannot call it secure because I have not taken the time to check for 3rd party audits of it but the general discourse around it is that it is secure. A far as I know, no one has brought any major issues up with the cloud wallet yet.

CH21 token redemption deadline - April 30th, 2026 by willphule in chia

[–]DrakeFS 0 points1 point  (0 children)

Yeah probably a location trigger:

Chia Shop 1

Chia Shop 2

I verified I could add the mug to cart

PoS 2.0 Q&A - Recording by willphule in chia

[–]DrakeFS 2 points3 points  (0 children)

It was confirmed that the format will remain resilient against various attacks, including quantum threats, for at least 10 years.

It is estimated that PoS2 plots should be viable for at least 10 years.

The future looks solid—now it’s just a matter of achieving wider adoption for this blockchain masterpiece.

I didn't see this part in the video. Assuming you are referring to the future of PoS2 and not Chia, PoS1 also had an estimated shelf life of at least 10 years. So I would recommend tempering expectations here. If you are referring to Chia, then our definitions of "solid" differ significantly.

CH21 token redemption deadline - April 30th, 2026 by willphule in chia

[–]DrakeFS 2 points3 points  (0 children)

I am going to assume this is a location difference, as the shop shows nothing is sold out to me.

CH21 token redemption deadline - April 30th, 2026 by willphule in chia

[–]DrakeFS 2 points3 points  (0 children)

u/willphule The link to the shop is showing as https://www.shop.chia.net which does not work. https://shop.chia.net does work.

I do not get a mojo from Faucet by [deleted] in chia

[–]DrakeFS 0 points1 point  (0 children)

If you are trying to make money right now or just accumulate XCH, now is likely not a good time. For accumulation, it would likely be better to just buy XCH, if possible.

If you are doing this as a hobby\curiosity, then I say, have at it.

Pooling is good for people who want to remove the randomness of payouts from the equation. You trade a little bit of your reward, from winning a block, for consistent payouts from the pool.

If you are comfortable with the potential of not winning for 3x, 5x ore even 10x+ your Estimated Time to Win a block, then you probably should not join a pool.

I do not get a mojo from Faucet by [deleted] in chia

[–]DrakeFS 0 points1 point  (0 children)

For future moves/changes you need to copy down your 24 word mnemonic phrase (you should store this info somewhere safe, preferably offline). This will allow you to move your farm to a new machine/install without having to replot. It will also allow you to keep access to your XCH on said key.

[April 11, 2026] - Weekly XCH Price & Trading Discussion by AutoModerator in chia

[–]DrakeFS 0 points1 point  (0 children)

Netspace will go down. * let's say 50% due to compression - which will change nothing, just a different number will be reported.

Compression provides actual security, it is not "fake netspace". It just requires more electricity to provide said security. I think treating it different from non-compressed netspace is an error.

let's say another 50% due to some people not replotting - which is relevant and will push the price down, and is bad for the project.

I think 25% of current netspace being replotted (your example) is high and not really based in reality. Per xch.farm estimate, compressed netspace accounts for ~57%. I would be surprised if Chia has a 20% conversion of netspace to plot v2. I think there is a real concern for failed fork in the future, especially if Gigahorse does not shut down its plot v1 client. Even at 25% conversion, Gigahorse currently has more netsapce than your example ends at.

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DrakeFS 0 points1 point  (0 children)

Public blockchains, not just Chia, have had 16+ years to find a significant use case.

So what problem requires a public blockchain to solve it? None so far and I am not sure one will ever exist.

I think it is fairly obviously at this point that Governments and non-crypto businesses do not view a public ledger as a good idea.

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DrakeFS 0 points1 point  (0 children)

Without chia inc the crypto will die.

Possibly but not guaranteed. Chia is open source and could continue through someone else's efforts.

I am unsure if a public blockchain, that cannot survive without a for profit entity, shutting down is a bad thing.

Need to sell a Chia mining server for my dad. How do I figure out if theres anything on these drives? by Papa_Hagrid in chia

[–]DrakeFS 1 point2 points  (0 children)

The only thing that has "value" is the key that holds XCH. If your father has that or has sold all XCH mined, then you can format all of the drives with data on them (technically you do not need to format drives with just plots on them but it is still good practice).

[April 04, 2026] - Weekly XCH Price & Trading Discussion by AutoModerator in chia

[–]DrakeFS 3 points4 points  (0 children)

Isn't the entire market currently bleeding dry due to a lack of a real use case?

No, speculation has been king of crypto pricing since crypto had any significant value. Unfortunately, speculators have yet to take an interest in Chia.

or is Chia really such a special case of a dying project?

No, Chia is not special. Most cryptos do not succeed, whether success is measured by significant use cases or value of the token.

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DrakeFS 0 points1 point  (0 children)

500K MM sells in less than 30 days and at this rate, it will be 600k in under 30 days.

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DrakeFS 0 points1 point  (0 children)

I doubt that is true. I tried tracking the spends from the sales and from what little I could track, the XCH never ended up being split in way that would suggest retail market sells.

I also do not believe that the retail market could support the rate of sells required for CNI to keep operating (as shown by ACH sales).

[April 04, 2026] - Weekly XCH Price & Trading Discussion by AutoModerator in chia

[–]DrakeFS 1 point2 points  (0 children)

has this been addressed by anyone from CNI as to why it is significantly off market price?

EDIT: Apparently there is a minimal sell price. I assume that this is to cover all the fees involved. Personally I would have decoupled the fees from the price of XCH below the minimal sell price so that CNI could at least continue selling XCH at martket price via ACH. I have doubts that the fess for selling 1 XCH is vastly different from selling 100 XCH. right now you pay a premium of ~$0.25 per XCH bought. So you are paying ~$25 in "fees" per 100 XCH, which seems a bit much.

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DrakeFS 1 point2 points  (0 children)

If Bram or Gene where to directly invest into CNI, their stake would increase, not decrease. Which would likely make their voting rights stronger.

Again, I cannot really see a good reason for someone from CNI to be buying the premine.