Hello! Could you clear who looked into an information concerning next steps and decreasing winning value of coins from 2 to 1, when it must be happen ? Gm, with present cost of 1 XCH, 2 XCH for block is not profitable, it it will be 1, it is a real way of crypto bums….
By the way, dust days in network is very good, more coins can be winning for power pc which can word under spam transactions 💪
Posted Feb 13, 2022, 12:52 PM UTC
You are hard to read, OP...
a) First halving will come in about 25 month from now, that was determined from the beginning.
b) A RPi4 currently doing well as farmer. Loosing some hours of farm every couple of weeks due to dust storms, not a big loss in my opinion. If network load increases more often a decent low power barebone like PN41 with N5100 CPU will do a great job in the foreseeable future with almost the same cost as a RPi4+ based node
c) You do not think XCH price will go up because ppl throw out money to the window for badly tailored hardware, aren't you? 😅
A RPi4 currently doing well as farmer. Loosing some hours of farm every couple of weeks due to dust storms, not a big loss in my opinion.
Accepting preventable down time on minimally viable hardware, due to the blockchain just "being in use", is not good. This is especially true since these dust storms are not as severe as the first one. Either the Chia Network needs to make it so a RPi4 can keep up on full blocks or just write it off and update the minimally viable hardware required to farm with.
To that point, the 1.3 update will be introducing some DB streamlining that should help RPi4s but I would suggest having a backup plan for hardware if RPi4s cannot keep up in dust storms after the update.
I see, concerning periods of halving and etc. Concerning price, coin is very lazy and following to btc by a little steps Dust is good time, for example I won 6 consecutive days in December, but it can be 12 days as shows calculator 💪
I won 6 consecutive days in December
Yeah right...
English no understand
I don't understand a single sentence of what you wrote. Google translate would have done a better job translating whatever your native language is
Same here, LMAO.
Post: gibberish
Me: ¯\_( ͡° ͜ʖ ͡°)_/¯
https://www.chia.net/whitepaper/ page 22, in 3 years reward will be decrease twice ? I see
3 years after the launch of mainnet (that will be March 2024) the block rewards will be halved, similar to bitcoin halvings. But that doesn't mean mining profits are going to halve, since halvings usually cause the price to increase and/or the mining difficulty decreasing.
New hardware making mining cheaper is typically a bigger concern to mining profitability, since mining difficulty eventually reaches an equilibrium due to demand and supply. But HDD density doesn't increase nearly as fast as GPU and ASIC hashrates, so Chia mining rigs should stay competitive much longer than GPU or ASIC miners
Check this out. Here you can see how they implememted the halving. https://github.com/Chia-Network/chia-blockchain/blob/e47958605a8ed360f07591d14b59a468f26f00ad/chia/consensus/block_rewards.py#L17