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What does everyone think about CHIA?

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smdburst

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CHIA is dropping fast today.  What does everyone think is next for this coin?

Linkback: https://www.forex.zone/coins-and-tokens/20/what-does-everyone-think-about-chia/3527/
#1 - August 31, 2021, 12:46:36 AM
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MrPips

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I haven't heard much about this other than some hard drives were being ruined by mining Chia. Maybe it's been solved since then though. The long-term success of this coin depends on its usage. And there doesn't seem to be much activity on the explorer to justify the big market cap. I don't think there is anything special about Chia. Maybe someone can explain what the big deal is.
#2 - August 31, 2021, 03:40:16 PM

smdburst

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There was a massive pre-mine for Chia. So i won't invest in it. The only reason to pre-mine is to ensure its creators get rich.
#3 - August 31, 2021, 04:47:23 PM

smdburst

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I had not heard about the hard disk problem. That is interesting. i want to research that a bit.  
#4 - August 31, 2021, 04:52:21 PM

smdburst

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Good article on Protos .com titled:
Chia miners sell damaged SSDs at a loss after ?green Bitcoin? tanks 90%

"Desperate Chia miners are scrambling to offload mountains of unwanted hard drives, after the so-called "Green Bitcoin alternative" shed nearly 90% of its value in just three months."
#5 - September 03, 2021, 03:06:00 PM
« Last Edit: September 03, 2021, 06:41:08 PM by smdburst »
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