I have finally decided to make an article about Chia farming return on investment, chia farming ROI.
I know that I have selected a bad moment to do that, since Chia coin price is at its lowest point, but maybe that is for the best.
One should address a bit of ROI since there are people in the ecosystem who were in it for a short term investment, in hope for a big profit in a short time.
So let us begin, first and foremost, we need to establish a profit baseline per TB, in this case per 10TB. For my source I have used Space pool data, since it is the biggest and most recognizable pool in the ecosystem.
|Farming profit in XCH / 10 TiB (source: https://pool.space/)
This will be a short calculation but with a lots and pointless discussions,
The plotting for me took some time, since I was plotting 0.6TiB per day, but my impression is that the speed of plotting affects the level of disk corruption. The faster you are plotting the faster you are destroying the disk, but with less written data.
In conclusion, 944 days ROI is not really good, but if you take into consideration the fact that the Chia is at its all time low, every increase in coin price will result in decrease of return time,
This has mostly affected people who expected the fast return on their investment.
I know a couple of chia farmers who built their farm with borrowed money, hoping to instant sell the farmed chia in order to make monthly payment, but when the price of chia plummeted, they found them self in a bit of a problem, unable to make payments of their loan rates, they were forced to sell the equipment to cut their losses.
As for HDD prices, the fact is that Chia made an impact, instead of a normal price decrease, we had a shortage and then a steep increase in retail price. And afterwards, it would seem that the HDD price per TiB is still holding, so I ask myself, how long until it starts to drop again?