Chia is Dead

Summary

In this video script, Brian Freeman discusses his decision to shut down his 40 terabyte Chia farm due to unprofitability amid low Chia coin prices, which led to higher electricity costs than rewards. He shares his thoughts on Chia's technology and the upcoming plot filter, which may impact many farms. Freeman also expresses his interest in Mad Max's MMX project and the potential it holds. The conversation touches on the challenges Chia Network faces, including profitability and the company's readiness for an IPO, highlighting the complex dynamics of the cryptocurrency farming industry.

Takeaways

• 😔 Brian Freeman has not released a Chia video for several months and has shut down his Chia farm due to concerns over profitability.
• 🌿 He has saved a significant amount of electricity by turning off his 40 terabytes farm, highlighting the environmental impact of such operations.
• 🗨 Brian and the interviewer discuss the current state of Chia's value, with the price of XCH (Chia's cryptocurrency) being a critical factor in the decision to continue farming.
• 💡 The price of XCH has been volatile, affecting the profitability of farming and leading Brian to turn off his farm when the burn of electricity exceeded the rewards.
• 💰 Brian's electricity rate is 21 cents per kilowatt hour, which is relatively low compared to other regions, but still a significant cost factor for farming.
• 🔄 Brian had previously used solar energy to offset some of his farming costs, but it was not enough to cover the expenses when the price of XCH dropped.
• 🛑 The upcoming plot filter change in Chia is expected to cause a significant drop in the number of active farms due to increased energy costs and reduced rewards.
• 🔄 Mad Max's MMX project is in testnet phase and may offer an alternative for farmers looking for new opportunities, but it's still uncertain.
• 🏁 Chia Network's IPO readiness is mentioned, but there is skepticism about the company's profitability and the potential value of investing in their stock.
• 🤔 There is a general sense of uncertainty and a need for more transparency from Chia Network regarding their future plans and the technology's potential.
• 🔄 The conversation reflects a broader concern about the future of Chia farming and the cryptocurrency market, with a focus on the need for profitability and sustainable practices.

Q & A

How long has it been since Brian last released a Chia video?

It has been around three to four months since Brian last released a Chia video.

Why did Brian decide to shut down his Chia farm?

Brian decided to shut down his Chia farm due to the low price of XCH, which made it unprofitable to cover the high electricity costs.

What was the impact of shutting down the farm on Brian's electricity usage?

Shutting down the farm had a significant impact on Brian's electricity usage, saving a considerable amount of energy as shown in his comparison of electricity usage with and without the farm running.

What is the current price of XCH according to the conversation?

The current price of XCH mentioned in the conversation is $283, but it has previously gone as low as $26.99.

What is Brian's electricity rate in Southern California?

Brian's electricity rate in Southern California is 21 cents per kilowatt-hour.

What was Brian's final stage in plot formatting when he shut down his farm?

Brian was using the noSSV format with about 40 heavy bytes of effective space and had six harvesters going on with 409s, and six petabytes on Dr. Plotter.

What is the significance of the plot filter update happening in Chia?

The plot filter update is significant because it will cause a drop in the value of overly compressed plots, potentially causing some farms to become unprofitable and fall off the network.

What is the current status of MMX (Mad Max coin) in the conversation?

MMX is currently in testnet phase 11, with an upcoming testnet 12 that will be incentivized, allowing participants to earn MMX coins.

What are the challenges for farmers with the new plot formats in Chia?

The new plot formats in Chia require powerful GPUs like the 4090 for decompression, which is costly and not accessible for many farmers, potentially limiting the market for these technologies.

What is Brian's view on the future of Chia Network's IPO?

Brian admits to being ignorant about IPO processes but mentions that Chia Network has stated they are IPO ready, although the exact timeline and implications are unclear to him.

What was the reason for the layoffs at Chia Network according to the conversation?

The layoffs at Chia Network were due to financial constraints, as the company needed to keep the lights on and maintain employment.

What is Brian's current involvement with Chia Network?

Brian has distanced himself from Chia Network, but he still respects certain members and is interested in observing the developments within the company.

Outlines

00:00

🌱 Farm Shutdown Impact on Chia Community

The speaker, Brian Mr. Freeman, discusses his decision to shut down his Chia farm, which had a significant data capacity of around 40 terabytes. He mentions the impact this has had on the Chia community, with many following suit due to the low Chia (XCH) price making the farming unprofitable. Brian also shares his electricity savings from turning off his farm and expresses his concern about the future of Chia farming, especially considering the upcoming plot filter that may affect many farms.

05:02

📉 Chia's Market Challenges and Future Prospects

Brian and the interviewer discuss the current state of the Chia market, with the price of XCH being too low to justify the costs of farming, especially with high electricity expenses. They talk about the potential of Chia's proof of space and time technology and its comparison to Ethereum's energy usage. The conversation also touches on the testnet phase of MMX, another cryptocurrency project, and its possible implications for the market. Brian shares his thoughts on Chia's technology and its potential beyond the current coin price.

10:05

🤔 Speculations on Chia Network's IPO and Market Strategy

The discussion delves into Chia Network's potential IPO, with Brian admitting his lack of knowledge about the process but acknowledging that the company has stated they are IPO-ready. They ponder on why investors would be interested in a company that is currently not profitable, drawing parallels with other tech companies that took time to become profitable. The conversation also addresses the company's transparency and communication with the community, as well as the uncertainty surrounding the future of Chia farming and its technology.

15:06

🛠️ Hardware and Infrastructure Considerations for Chia Farmers

Brian and the interviewer explore the hardware requirements for Chia farming, particularly the need for high-end GPUs for efficient plotting. They discuss the implications of Chia's acquisition of Dr. Plotter's technology and the introduction of new plot formats that require powerful GPUs like the 4090 for decompression. The conversation highlights the financial barriers this creates for smaller farmers and the potential shift towards alternative solutions like Gigahorse 3.0.

20:08

🏁 Decision to Halt Farming Operations and Future Plans

Brian shares his personal experience of shutting down his Chia farm, which had been running for four years, due to the unprofitability of the venture. He reflects on the emotional impact of this decision and the physical changes in his environment, such as the cooling of the room after turning off the farm. The discussion also includes Brian's considerations for the resale value of his equipment and the potential of exploring other opportunities, such as MMX, in the future.

25:10

🔄 Reflections on Chia's Journey and the Cryptocurrency Landscape

In the final paragraph, Brian and the interviewer reflect on the overall journey with Chia, from its initial promise to the current challenges faced by the community. They discuss the company's use of its pre-farm, layoffs, and the impact on the community's trust. The conversation wraps up with thoughts on the broader cryptocurrency market, the unpredictability of Bitcoin's influence, and the potential paths forward for Chia and other crypto projects.

Keywords

💡Chia

Chia is a cryptocurrency that uses a novel proof-of-space-and-time consensus algorithm, which is designed to be more energy-efficient than traditional proof-of-work systems. In the video, the speakers discuss their experiences with Chia farming, the challenges they face, and the impact of Chia's market price on their operations.

💡Farming

In the context of cryptocurrencies, 'farming' refers to the process of participating in the validation of transactions and the creation of new blocks, typically by providing computational resources. The video discusses the decision to shut down a Chia farm due to unprofitability and the factors influencing this decision.

💡Electricity Cost

Electricity cost is a critical factor in cryptocurrency mining profitability. The speakers in the video mention the significant electricity savings from shutting down their Chia farm and the importance of electricity cost in determining whether to continue farming.

💡XCH Price

XCH is the ticker symbol for Chia's native cryptocurrency. The video discusses the fluctuation of XCH's market price and its direct impact on the profitability of Chia farming. The speakers mention specific price points that affect their decision to farm or not.

💡Proof of Space and Time

Proof of space and time (PoST) is Chia's consensus mechanism, which requires participants to allocate disk space to 'plot' and then prove ownership of that space to validate transactions. The video highlights PoST as an improvement over traditional proof of work in terms of energy efficiency.

💡Plot Filter

A plot filter is a mechanism within Chia's system that adjusts the difficulty of farming based on network conditions. The video discusses an upcoming plot filter change that is expected to impact the profitability and operation of Chia farms.

💡Mad Max

Mad Max is a figure in the Chia community known for developing the Dr. Plotter technology, which is used for creating Chia plots. The video discusses the potential shift towards Mad Max's new project, MMX, as an alternative to Chia farming.

💡MMX

MMX refers to a new cryptocurrency project associated with Mad Max, which is currently in the testnet phase. The video explores the possibility of transitioning from Chia to MMX as a result of changing conditions in Chia farming.

💡Decompression

Decompression in the context of Chia farming refers to the process of expanding compressed plot files to be used for farming. The video mentions the need for high-end GPUs like the 4090 for decompressing large amounts of data, which is a significant investment.

💡IPO

IPO stands for Initial Public Offering, which is the process by which a private company goes public by offering its shares for sale to the general public. The video discusses the potential IPO of Chia Network and the implications for investors and the company's future.

💡Pre-farm

A pre-farm refers to the initial allocation of Chia coins before the official launch of the network. The video touches on the controversy surrounding the sale of Chia's pre-farm coins and the community's reaction to it.

Highlights

Brian Mr. Freeman has not released a Chia video for several months and has shut down his farm due to concerns about the Chia community and energy consumption.

Brian saved a significant amount of electricity by turning off his farm for a month, showcasing the environmental impact of cryptocurrency farming.

Chia's price has been fluctuating, affecting profitability and prompting Brian to turn off his farm when the price dipped below $30.

The upcoming plot filter is expected to cause a significant drop in Chia's value, affecting many farmers' profitability.

Brian's electricity rate is 21 cents per kilowatt-hour, which is relatively low, yet he still faces challenges in maintaining profitability in farming Chia.

Brian has a history of using solar energy in his farming operations, but it was not enough to cover the costs when Chia's price was low.

Chia Network's technology, such as proof of space and time, is seen as an improvement over pure proof of work in terms of energy efficiency.

The upcoming MMX testnet phase is expected to offer incentives for participants, which could impact the future of Chia farming.

Brian is considering turning his farm back on if Chia's price recovers to around $33-$34, indicating a slim margin of profit.

Chia Network's potential IPO is discussed, with uncertainty about the company's profitability and the impact on stock investors.

Brian expresses concerns about Chia Network's use of pre-farm sales and the company's transparency with the community.

The discussion highlights the importance of Chia's technology and its potential applications beyond just the coin price.

Brian shares his experience with the operational costs of maintaining a large-scale Chia farm, including HVAC systems.

The conversation explores the challenges of selling farming equipment at a loss due to market conditions.

Brian and the interviewer discuss the potential of Mad Max's MMX and its区别于Chia的 farming requirements and technology.

The interview concludes with Brian's decision to stay involved in Chia and the cryptocurrency space, despite the current challenges.

Transcripts

Brian Mr Freeman how's it going man it's

it's been a long minute uh I I'm going

to open up to you right now it's been a

good I think at least a three two three

four even four months possibly I haven't

put out a Chia video I did not talk

about it I didn't want to talk say

anything about it I mentioned to you I

quietly shut off my farm uh that's about

3 uh 40 terabytes of of data and you

know I also showed you this which is um

you know my

electricity uh that that I saved from

one month of having the farm on and one

month of having the farm off so

obviously it's making a huge impact uh

on the Chia community that people are I

guess moving away from it uh I I check

out the Discord from time to time and I

just see a handful of uh uh gang members

that that follow the lead

so give me your take on on all this

what's going on with you how's your farm

going what's your what's your idea

what's your prediction of chia going

forward right now all right yeah it's

been a long time since I last met with

you here on YouTube when I when I met

you with you last time I was you know

eating it up and growing like crazy and

I reached finally the Pinnacle Peak

where I couldn't grow anymore my garage

had 45 heavy bites

wow going on with a lot of gpus a lot of

heat a lot of cooling and my problem has

been just quite frankly the xch price

and profitable and uh now here we are

today right now it's

$283 it actually went back up I think it

went as low as 26 something 26.99 26's

and that was you know everything follows

Bitcoin right and yesterday I don't know

what happened to bitcoin or why but it

went down to 67 66 even and then X

followed with it but when X dips that

low I'm losing money so it's with the

scale that I'm at I'm spending $4,400 a

month on electricity and I got to watch

what x is worth otherwise I can't cover

that and it makes no rational sense to

farm if you're losing money so uh last

night I turned my farm off which was a

very difficult decision and hard thing

to do all of it I just shut it down wow

the burn of the electricity exceeded the

rewards so at that point what what is

your electricity rate right now where

you are as far as uh in Southern

California I'm actually cheap compared

to the rest of my neighbors in Southern

California it's 21 cents a kilowatt hour

that's not too bad right yeah it's not

terrible and I even know people on the

Discord in New York P more than that 28

cents and somehow they're still

profitable but right I think as you

scale up it's even harder to St

profitable smaller well uh did you not

have a a solar uh at one point running

some of it you have you have a ton of

solar on right now and in fact it was

the first time I've ever seen I'm

feeding the grid so right now today as I

talk to you I'm putting energy

in but it wasn't enough to to You Know

cover it so what is your plan I mean uh

you know obviously the day you shut it

off to where it is now the price did go

back up a little bit does that not

justify turning things back on or what

do you plan on doing with your storage

now you know sub $30 it's not worth the

effort on a large scale it does take um

time and attention so when we're

hovering right around Break Even Point

as a mega farmer whale it's not worth it

so I'm going to keep it off if it

recovers to I I'm thinking around $33

$34 it's worth that that slim margin of

profit to flip it back on Wow and we'll

see what happens in the next you know

few months tomorrow's the big day of the

plot filter

happening nosd take a big dip we're

going to see a lot of people who are

overcompressed just their Farms are

going to fall off in that does that mean

uh does that apply for uh Matt Max and

the uh Dr plotter stuff or everyone

everything wow spe compression gigahorse

compression and Dr clotter if you're

overly compressed your farm might like

lock up so to speak where you just it

can't keep up where where were your

plots sitting on as you were as you

turned them off where where did you

final where was your final stage in in

plot what plotting format were you using

at that time yeah so I was on no SSV for

the majority of it it was about 40 heavy

bytes effective space right and had six

um Harvesters going on there with 409s

and then I had six Petty bikes on Dr

plotter and and that took actually after

this fck happening it's going to take N9

490s wow are you know running almost

full throtle 331 piece and I just it's

too too close at the price being where

it's at now I had to take a nap um but

going forward I'm also looking at I hope

she price recovers but I'm also looking

at Mad Max and what he's doing with MMX

that's a big wild card he's still in

test net is that right I believe yeah

we're in testnet 11 now on MMX and very

soon I think even maybe by the end of

this week or next week we'll see testnet

12 which is going to be incentivized so

that you're paring on MMX and you win

blocks you're going to get MMX coins

you're going to keep those because I I I

do recall when I was speaking to him

that his test net uh be between going to

test net and going to live was whatever

you gained during test net was not going

to be applied to the live portion of it

so that has changed

now yeah okay good good really uh you

know transparent with his plans you know

we in testnet 11 know we're just

donating to the Cause right of course

that the blockchain works and all these

clones were mining are junk and they get

flushed away but right coming up next

week that be tracked in real and

hopefully okay good that's definitely

something to look forward to now so let

me ask you this now you know there's

obviously going to be people watching

this and be like well we never got into

Chia because of the the coin price and

I'm pretty sure cni I will say the same

thing was it wasn't always about the

coin price it's about the company cni it

was about us being like the red hat

model and and the technology behind it

you know make sure making sure that you

can buy legitimate old used handbags and

validated um uh making sure that you

know Bram gets his uh poker game into

Chia all all those other things that

were supposedly making up cni not just

the price what is your thought on on

those items I mean some things I'm I'm

less enthusiastic about than others uh

you

know the the thing that I really think

Chia has going for it is proof of space

and time is a big Improvement to Pure

proof of work in so far as energy burn

um it's also interesting too I was

thinking about this the other day proof

of space and time does burn more energy

than free state so ethereum is

technically and I think uh objectively

using less

energy right of course that would be

it's not as secure and all this other

stuff I I read somewhere that the

technology that's in place right now

with the carbon footprint and you know

the carbon credits that potentially the

investors the original investors of chia

uh which was uh the was it the a16 or

something like that I believe yeah right

um that they have already diverted to

possibly another

crypto uh company to to utilize that

technology not not using Shield because

there was no mention of chia or on Chia

not mentioning the the investor do you

know anything about that are you

familiar with that you know I was

reading about that yesterday and I think

it was cleared up though that uh they're

still listed like Chia is still listed

so I think that may have been a

misunderstanding with um names so I

don't follow that closely but

uh you know as far as like going back to

original question though you know what

what is chia doing that I'm still

hopeful about it's like the uh the

custody tools and stuff I think are

really good the technology is great but

as a farmer like this is my mindset I

came into this as a farmer like coming

from ethereum I just wanted to mine

ethereum for the money for the profit

and I transitioned like Chia Superior

it's using less energy and it has great

potential and the problem that was price

and and profit uh so as far as Farmers

go I think we're going to see a big drop

tomorrow um the the plot filter is going

to cut and halfth and people are going

to see problems with their Farms right

and they're also see increased energy

bills so they're going to have to weigh

what is this costing me to farm this and

support this network and what am I what

am I getting of value and return so all

right so so we we have established that

your farm is off and I I know Chia

Network the company is is still doing

things that that they think is

beneficial to improving the technology

of crypto right um and you know being on

their Discord I I I read some things and

I'm trying to understand it so there

there's you know this this's one thing

that probably everyone is has been

waiting for it hasn't happened they you

spoke with I believe the attorney uh one

of your interviews I watched the whole

thing I may not have said anything I I

didn't comment it but I watched the

whole thing cuz I I wanted to know

exactly what was going to be said and it

didn't seem like a lot was going to be

not a lot was being said basically

everything was like oh we can't discuss

this we can't talk about this well

because if we're going to go IPO we

can't disclose

anything so where are they now with the

IPO is it do you think it's still going

to happen you know I I'm going to be

honest and just say like I'm very

ignorant about IPO processes and what's

involved so I I just know that Gan said

on Discord that it's IPO ready and I

don't know the buzzwords what that means

if that means the SEC gave the green

light and they have to wait for the

market I mean I could tell you I'm I'm

UFC ready but that does doesn't mean I'm

ready I will say I will say that um one

of the Shia members slowest Time Lord I

really respect he's very objective and

um middle of the road like he's not I

wouldn't say like a cult Fanboy and he's

not an antagonist either he's just very

objective he he said in one of his blog

posts he doesn't think she will IPO in

2024 even if they were able to IPO what

is that what is is it that anyone

looking from the outside not even

knowing what Chia is why would they even

invest in this particular stock well

that that was my big question and I

would like to know the answer to that

too because when I look at the stock

market as an average jaill investor I'm

going to buy stocks where I believe the

company is going to make profit and grow

and I'm going to grow with them you know

I'm going to make profit and be a part

of that and uh you know when I read a

recent Bloomberg article about how CH

network is not profitable now I asked on

Reddit why would they publish that like

I don't understand is that a good thing

like who who said that they're not

profitable and why and how is it a good

thing like how is that being spun is a

good thing so you know I don't quite

understand who the target market is that

would buy stock and a company that's not

gener

profits right um there there the you

know the on the pro side of proia they

were saying you know tech companies

sometimes are spinning up like Facebook

took a long time to make money and then

they launched their ad revenue and all

of a sudden they're super profit but I

think that this is a different a totally

different animal we're talking about a

blockchain company that spun up a

blockchain so and we don't know too

since

we just you know from the outside

looking in what's going on do they have

customers how many how much right are

they getting with Revenue we've been

following this for three years we still

don't even know that yeah so I I don't

know if we can you know I that's the

thing where I feel like I've got I'm a

horse racing with blinders on and I

don't know you know

what so how how active are you now on

the Chia Discord or communic with the

you know because I I seen that you have

done a lot of interviews using their

platform which is the Chia Network's uh

YouTube channel how how of how going

forward would you think you still be

continuing doing that or is that

something that you're no longer

interested in now that you turned off

your farm and you possibly going over to

MMX you know the Mad Max coin so so what

what about all that you know really I

I'm still super interested in what

they're going to do and what's going to

happen next so I I'm gonna still be

involved in in watching all of this as

it unravels okay uh I I really admire

Matt Max and how he thinks and how he

speaks because right he so matter of

fact he's typical German he's like I

don't know what that means but

okay it's just about numbers and

non-emotional stuff and I I admire Nick

too Dr Nick hired by cni there they're

very similar dude he gets a Max gets a

kick out of every time I talk [ __ ] about

[Laughter]

Chia but uh you know that's just

him yeah Max you know has a history with

with all of this and um yeah I respect

both of them a lot though okay I'll I'll

stay involved in both and I want to

watch how all of this unfolds with the

proof of space and time go back to that

a little bit the whole proof of space

and time I mean now with this uh

whatever Chia is planed to do you still

need to acquire some gpus I mean for a

regular Farmer they still need gpus in

order to do what as far as efficiency

right right right so until that plot

filter I'm sorry the uh the plot format

changes to prohibit compression um yeah

there's a lot of GPU compute involved to

say Cutting

Edge so you know Chia bought out Dr

Nick's technology Dr plotter and he's

got the 4x pro 4X compression so you've

got 24 gab plots but they have to be

decompressed using the 4090 ideally wow

which is going to cost you

$2,000 uh to decompress 200 terabytes

worth of data is that the base like

that's what they're recommending is a

4090 not nothing below that the only CU

it requires 24 GB of vram which means

you can only use a 3090 or a 4090 so

it's not for everyone if you don't have

those two well yeah I mean you just

basically knocked out 90% of your

market right right it's a niche it's a

very very cuz I mean as much as I love

to invest and buy all these different

things I I would not buy a 4090 just for

this purpose and many many people i' say

the majority of people are agreeing with

you on that so in the alternative

they're going to gigahorse if they're on

to you at all they go to gigahorse 3.0

and they're using the Lesser gpus to go

to a lesser compression level that is

crazy that that is wild that is

definitely a wild ride um putting more

money into something that you may not

know what the outcome of it going to be

um and hope that IPO would happen but

even when the IPO happens doesn't

necessarily equate to being more

profitable because the IPO is going to

be separate from the coin price itself

yeah this is all such a complex game of

chess right here because as a farmer you

just want to make money right I mean

there the the few that will do it I mean

even even if you had like really high

faith in in Chia right now I mean

regardless of the coin price and just to

get started and and accumulating space

for this you're still putting a good

amount of money into to it just just for

it at this point it would just because

you're you're interested and not because

you're trying to make money from

it right you got the capital

expenditures of the gpus the hard drives

and then you've got of your electricity

which is not either going to go up from

here

um now we're at $28 I I wonder what

happened yesterday where it dipped so

low back on to the 26 what everything

seems to follow Bitcoin and I don't know

why Bitcoin dips the macro

economic I mean can you really always

can you ever really explain the

reasoning behind any of this so your

your long-term or short-term goal is is

jumping on Mt Max um and hopefully so

what is your plan now you're you're

basically at this point you have the the

equipment and you have the hardware

you're jumping on Mad Max like you did

three years ago jumping on Chia so why

is this any different now I don't know

you know this is pure specul game I had

to weigh my options and one option is

sell everything right selling everything

sucks eBay yeah and list how many hard

drives like I don't know 1,500 hard

drives do you still think there's a

market for that right now if if you were

to list out the hard drives problem is

there's a market but it's at a loss when

I bought at the peak you know I'm going

to sell for a four times loss I'll sell

up for 25% of what I paid for it rather

than take that huge hit and L

I'm thinking you know take a nap wait

see how the market shakes out Weir time

right before the US elections where

things go crazy yeah that is that is

insane wow okay no that's that's uh good

to know um where you're at right now

Brian it's been a long time and it's

good to hear uh not good good to hear I

mean it's kind of sad at the same time

right you you had a huge farm and you

saw no potential in keeping it on

because of cost and all these other

factors and now you have to divert your

attention away from uh what you

originally hoped that would be something

Successful by now which is a good has it

been four years running now or close to

it almost right I can't believe it it

went by that quick man say before this

recording started I felt like last night

when I powered it off I was putting my

dog CU you know I had fed that dog for

four years I know I I had the same

feeling I you know

maybe not as putting the dog down but

you know I when I turned it off I was

like the the all of a sudden the room

got cooler within a half an hour and I

just felt like a relief like you know I

don't have to deal with this

anymore so I yeah it's it's going to be

off for a little bit I I have not

considered doing anything with it I

didn't even look at considered into uh

Mad Max but maybe that's something I

should uh just just to make use of the

equipment I don't also feel like there's

a huge uh resell value to any of this

equipment right now so it's it's a a

tough battle like you know we you got to

cut your losses soon if if you realize

it then it it's a you know you made the

right decision but I mean storm because

right now we're looking at Summer right

you're on there Southern California

we're going to be in this heat bubble

yes to fight that heat and keep your

hard drives alive on a big scale yeah I

mean I I think I remember remember you

uh the last time we spoke you were

putting in the new AC system and I mean

that that came with a heavy cost and I'm

pretty sure there was a lot of

Maintenance to go on top of the

technology side now you had the HVAC

side that you had to deal with uh the

operational extense of that is a killer

I appreciate your time uh you know we'll

we'll definitely catch up again maybe uh

you know once uh I believe Matt Max

starts going into out of its test net

phases as it progressions into the live

I'm sure more and more people going to

start recognizing who he is and what he

does and potentially see a value in MMX

since I don't believe he does have a

prearm and and that's something we

didn't even speak about the pre-farm

right he didn't talk I totally forgot

about the prearm or the lack of the

prearm next week live no pre no preform

uh does chia still have all of their

preform and if not what percentage are

they at right now no the last I had

looked I think slowest Time Lord had a

post on it it was

450,000 X had been transferred out of

the food par out of the the 21 million

that they had

supposedly yeah and only we could only

assume that throughout the course of

time to keep the lights on more will be

deplenish from from that I mean if you

look at the averages I I was doing some

rough math it looked like about 50,000

uh F from month has been going on for

about five or six months interesting

interesting yeah got it so I was trying

to just do some macroeconomic and on

that what does our US government do with

Fiat and in place and and printing money

my last question for you is do you feel

what cni did with their prearm was in

line with what they said they were going

to do three four years ago think you

know the

[Laughter]

answer you know when read the white

paper I didn't think this would happen

and uh when the first movement happened

of the prearm sales I freaked out I was

like this isn't supposed to happen the

layoffs aren't supposed to happen and if

anyone wants to know it's a lawyer that

knows how to R doents would know all

this

[Laughter]

right I had my expectations dampened at

that point for sure I think I voiced a I

I voiced in in a few videos about that

and people were like what do you you

expect them to do you thought they were

just going to keep it forever I'm like

well you know it was supposed to be

loaned out company ran out of money you

only have a couple options at that point

you know hold or or do something drastic

and I guess that was the most drastic

thing they could do to keep lights on

keep people employed I mean they they

did like go half of the team do you know

how many they have employed right now

the last interview I did it was around

50 you know this is not direct personal

knowledge this is what I'm told on

interviews it's about

50 but I don't know so interesting if

you scroll back and watch the interview

I did with

je I I thought they were at 50 and they

let go around 20 something that which

brought them back down they were 70 plus

oh 70 plus okay okay yeah even when I I

I think when uh I spoke to Matt Max

about that even he was kind of shocked

like why the hell do you need so many

people what is it that you're doing

Mad Max is a good funny guy man funny

guy but all right uh no that was that

was it man uh Brian I appreciate you

being here always uh you know very

insightful and all the information that

you have of course you got great ties to

Chia um I had distance myself from from

the whole Chia Network stuff and the

Discord and talking to Jean because I I

don't feel like I get anywhere I don't

see going anywhere with him uh only

because of his uh his attitude towards

you know the people on Discord if you

don't agree you're an enemy you know so

but it was good talking to you I I'm I'm

great to hear a voice of reasoning at

least U may you know if anyone I would

think you would probably be a better fit

for being a cni spokesperson than any

anyone on the team

currently thank you for the compliment

hope the team uh succeeds and and gets

over this this price hle that's I'll

definitely keep in touch with you to see

how you were doing with the farm and

everything but it was great talking to

you again