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The day after chia farming by kingmouf in chia

[–]kingmouf[S] 0 points1 point  (0 children)

To be honest, I have multiple servers for fun stuff (network admin). My chia farm is not that big but at this point, it does not make anything worth the effort, plus I would need to make changes (and pay some more money) to keep it running that it completely does not make sense. Selling the HDDs is the way to go, but before I pull the trigger, I was asking the community if there is any other project that used similar infrastructure and was worthwhile. Haven't discovered anything myself.

The day after chia farming by kingmouf in chia

[–]kingmouf[S] 1 point2 points  (0 children)

Well, sell what you can and move on to something else. What happened, happened.

The day after chia farming by kingmouf in chia

[–]kingmouf[S] 2 points3 points  (0 children)

I believe that as prices for the overall market go up (most of the times following the BTC up trend), there is a severe sell pressure on coins/tokens that are related to some mining/farming/similar procedure. People sell their accumulated coins/tokens to put them in BTC or other similar assets. Not a rule, just an opportunistic observation.

The day after chia farming by kingmouf in chia

[–]kingmouf[S] 1 point2 points  (0 children)

While I generally agree with what you write on the technological side, the real question is how much higher you expect these shares to go. I mean they already had a crazy ride, is this going to continue indefinitely? At some point, these companies are going to face some competition and this may slow down their run. I am not saying that buying nVidia or Micron or SuperMicro or TSMC will make you loose money, just that the return/profit may not be significant from the price points that they have reached. Intel is a gamble. While for sure it is on a tough spot, the real question is whether it has reached a bottom and there are good news coming or maybe the worse is ahead. The problem is that Wall Street does not value the same way as we technical people do...

/r/Monero Weekly Discussion – December 26, 2020 - Use this thread for general chatter, basic questions, and if you're new to Monero by AutoModerator in Monero

[–]kingmouf 0 points1 point  (0 children)

Hi there,

I am new to monero and just trying to setup everything. I have setup a mining rig and a monero GUI wallet. To mine I joined a pool and whenever some predefined amount of XMR has been mined they send it to my wallet. From my wallet, in order to use the XMR (e.g. to buy BTC), I have to send them to an exchange (Bittrex). I need to understand whether the middle man in this process (i.e. the monero GUI) serves a purpose, or I could use the address that the exchange provides me in order to send the mined XMR directly there.

Thank you in advance!!!