I recently commented on “anyone farming Chia” thread. I ran a proof of concept on a 10 year old PC for mining Chia, then followed that quickly with a pilot on a newer but low specification computer. I reached a milestone of 100 plots and was rewarded twice with 0.02 Chia each period. About $10 in all. But I have bought sufficient hardware to take the number of plots from 100 to 800, and (if things remain static, which they will not) that would give me a pilot target income of about $80 per month.
Return on capital is just about at the far end of my range of expectation. But to create the plots will take me about 100 days unless I invest in a faster PC, and that would blow my budget for the pilot.
So I found someone who was selling a whole setup that already had 1,000 plots created on an array of disks totalling 110TB. And that is generating about £150 per month reward share (in Chia, of course, not in fiat currency).
So I negotiated with the seller, and am now the proud owner of a 1,000 plot farm, and a machine that can add more plots at about 22 per day plotting capacity. Now my 700 additional plots can be created in 31 days not 100+ days.
It will probably take me a week to settle the system down, but basically I wanted a machine that could produce about 20 plots per day, and that has been achieved. The pilot indicated that ROIC was in the acceptable range and the purchase of an existing farm has slightly improved that ROIC.
The expectation in the short term is that this investment will generate around £200 to £250 per month in Chia tokens, with a farm about 200TB in size.
The pilot is now in Phase 3 and will be extended to the end of 2021 at which time a far more accurate ROIC will be available.
I will shortly decide on whether to run a Helium pilot with the same method of strategy and plan that I applied to Chia pilot. One bonus is that I needed to open a gate.io account, which if I am not mistaken achieves two more future objectives. One is that I can continue to trade sh**coins on this exchange, and the other is that it has features for leveraged account to trade cryptos. Just waiting for KYC confirmation to get going.