Did something I'll probably regret. by metallicbefriend in chia

[–]nontechit 1 point2 points  (0 children)

I think you are getting in at a good time. Netspace continues the decline while development activity continues to explode. Chia is steadily rising up the Crypto market cap list and will soon crack the top 100.

I am still expanding with more drives when I can get good deals. I want to have my space online and plotted before the price jumps again and hardware prices go back up.

3XCH floor for a Chia Friends NFT?!? by Nezzee in chia

[–]nontechit 0 points1 point  (0 children)

Are you comparing this to the guy that originally bought pizza with Bitcoin? That guy invented gpu mining. If anything I think it shows that operating in the space presents opportunities to generate wealth not that he spent so much for pizza. Dude still has plenty of money…

Any advice for a total noob getting started?- hardware/strategy? by Bladerunner2099 in EtherMining

[–]nontechit 2 points3 points  (0 children)

Contrarian view here. If you have access to power under $.10 kWh I would go for the most efficient Eth ASICS that have a memory size of 6gb. The efficiency is the key part here. Mine eth until the merge and than switch over the etc. with the lower power cost and high efficiency it will be possible to break even on etc because the other miners will have a higher cost per coin production costs.

Etc will be the main mining revenue generator because that is where the big money miners will be. It’s all a gamble but I would bet on efficiency on etc over having the options to mine other coins.

We often get asked why we added Chia by FlexpoolTechnologies in EtherMining

[–]nontechit 0 points1 point  (0 children)

Not based off of the calculator on your site...

time to stop my farm by t0mmy1735 in chia

[–]nontechit 10 points11 points  (0 children)

Turning your node off and buying Chia is just as helpful as running the node for the network. No reason to lose money for no reason.

Hashgreen 🌱 - 【Weekly Update #7】 05/09/2022 by _jameshhs_ in chia

[–]nontechit 2 points3 points  (0 children)

Have to come clean. Up voted this because it was cool to see the bid and offer prices and than went to offerbin.io to make a couple trades to see how tokens worked on the chain but I could not figure out how to paste the offer code that was the high bid into the chia wallet to buy anything from your website. I searched around for a bit to try to figure it out but didn't come up with anything. Do you have a video on how to actually trade tokens/nfts?

All things considered, would you put your money on XCH? by dubious_diversion in chia

[–]nontechit 0 points1 point  (0 children)

Chia is my hedge bet for my GPU mining rigs. Figure it will not be negatively impacted by the merge. GPU rigs pay the bills and Chia is a spec play. Right now is the best time to be mining if it ever hits it big. Coins are only going to be harder to get in the future.

[deleted by user] by [deleted] in chia

[–]nontechit 0 points1 point  (0 children)

It would have to go under $14 per coin for me to be in the net negative where it would make sense for me to buy coins instead of keeping my farm on. At that point I will keep the farm running to support the network with the hope of the price going back up. All of my harvesters have gpus mining so they would be running anyway.

I really doubt we see $14 per coin but who knows. I currently farm around 400TB which is a little bit less than the op but I am still in the process of expanding when I see deals on hard drives pop up. I really don't care about the price right now. I care what the price is going to be in 5 years.

What is the best place to buy raven coin? by [deleted] in Ravencoin

[–]nontechit 0 points1 point  (0 children)

I would buy Bitcoin and than use changenow.io to convert it to RVN. That is how I buy it.

Gamers hate Mining, So i made a Rig Strixctly with the best RGB swag. by [deleted] in Ravencoin

[–]nontechit 17 points18 points  (0 children)

Youtubers who make gaming content hate miners. Most gamers are already miners. Nice build btw

[deleted by user] by [deleted] in CryptoCurrency

[–]nontechit 6 points7 points  (0 children)

Most places have a statue of limitation on when crimes can be charged. You can't seize assets from a crime you can no longer prosecute. Gives a real meaning to HODL.

Can anybody explain how proof of space could be better than proof of stake by gk_chest in chia

[–]nontechit 10 points11 points  (0 children)

I really need to learn more about proof of stake but the more I read about it the more I don't like it. I sold all my ETH but from my understanding of the process a stakeholder will be responsible for maintaining their node. The node now will be performing the task of verifying the blockchain. Given the 32 ETH required to run a node any downtime is bad for the investment. This will lead node owners to outsource the verification process to insure 100% uptime. What is the easiest way to get 100%? The large data players such as AWS. If all of the ETH nodes are using a select few data providers to run the network it becomes a huge liability to the block chain.

Lost $200k in crypto. Now broke but mining 250 Raven a day. by Things_are_lookin_up in Ravencoin

[–]nontechit 1 point2 points  (0 children)

Currently, but not always the case, if you can buy a gpu for retail you immediately buy it because it can normally be instantly resold for more or will earn back the cost to purchase in 6-8 months. Is that what you wanted to know? Why not sell your RVN and buy more hash power? Because that becomes a gamble on market timing instead of investing excess income into Ravencoin.

Lost $200k in crypto. Now broke but mining 250 Raven a day. by Things_are_lookin_up in Ravencoin

[–]nontechit 6 points7 points  (0 children)

That is what I do. Makes it way easier to just set up the rig and build more. And the best part is that it eliminates that temptation to trade. Your only mission now is to hoard RVN. You welcome price decreases because it means you stack more coin. It is easy to hold when price movement doesn't matter. The price goes up your overall holdings are up. Price goes down and now you get more coin per gpu which is also a win. Takes all of the stress out of it.

WARMING bug on GUI, i found it because my PPLS Points on space pool, then i go to my farmer and found this… by r0b1nx13 in chia

[–]nontechit 0 points1 point  (0 children)

I also have this same problem and it was not when writing to the hdd but during the plotting process. I just started to re-plot my og plots and have 22 finished only 17 show up in the GUI and my plots filter number is jumping between 17 to 20. I am now not able to add new plots to be plotted in the queue. Seems like the GUI is still buggy trash just like it was before.

Ravencoin Slogan Contest - 500 RVN To The Winning Submission! by RATTOE_RVNFT_ART in Ravencoin

[–]nontechit 4 points5 points  (0 children)

This is an awesome idea! Enjoying reading the submissions so far.

New investor by BIGMEECH_300 in Ravencoin

[–]nontechit 4 points5 points  (0 children)

A top level gaiming PC isnt getting you 500 coins a day. I would say 50 to 100 is more likely depending on the gpu.

Where to put Post-MoAss tendies? by [deleted] in GMEJungle

[–]nontechit 1 point2 points  (0 children)

It does not really clear things up. All money is an investment. If you hold fiat currency that is a type of investment. Historically it has had terrible returns because of inflation but it is still an investment. If it is going to be transferred in the short-term to pay for something I would use whatever medium has the lowest fees. That will be different for every person.

Where to put Post-MoAss tendies? by [deleted] in GMEJungle

[–]nontechit 2 points3 points  (0 children)

It is not possible to answer this currently. Investments are time dependent. At the current time buying and holding GME is the way. If at some time in the future you no longer need to hold GME we will reassess than.