Why I'm quitting Quilibrium

Hi team,

First of all, thanks everyone for the adventure, and thanks to Cassie for the awesome work and support ! :slight_smile:

On the 28th of June, I’m 90% sure I won’t renew a huge float of servers that I invested in, because it is just too pricey an adventure.

As time goes by, the adventure got more and more sour, until drinking water feels like vinegar :broken_heart:

  1. “More cores, more rewards” I invested a lot in servers based on that statement, building up a huge park of 64-core AMD EPYC/RYZEN and 128-core AMD EPYC machines. These servers were doing great in version 1.4.18.

  2. I upgraded all the RAM of my 64-core servers to respect the 1:2:4 ratio, with what I thought would be a very pertinent investment.

  3. Version 1.4.19 arrives and:

a) Now RAM is not that important => Costly RAM upgrade for nothing. Sour x1 :pleading_face:

b) Earning 2 quils/hour on all the servers, 64-core or even the monster 128-core machines, costing $1500/month => Oh god. Sour x2 :face_with_spiral_eyes:; but I voted against the inflation, and to keep things as they are because I think it’s best for Q.

c) There was a bug for 128 cores; it is solved, but changes nothing. Rewards are still the same => Sour x3 :confounded:

d) It has been said that the interval between rewards will get 3-5x faster approaching version 2.0, so I held onto my not-at-all profitable server infrastructure. At least, I was planning to keep all the 64-core servers (having already lost too much money on the 128-core servers that are performing so poorly) because I expected this time interval to get reduced as time went by. I invested even more to build up a giant float so the nodes would be up as soon as version 1.4.19 was active and gain this “fidelity/seniority” advantage => Approaching version 2.0, I see no difference in my rewards. And now we have more information that the 3-5x increase is not guaranteed, and that “some servers” will just see a x2 improvement in the interval. Checking on my server, I can see only a tiny (frightening) change… Sour x4 :exploding_head:

Today, I’m having trust issues with what we can expect with Q, the rewards, and being on the network. And in 3 days, I have this decision to make: to renew a giant float of 64-core servers, hoping for a x2 reward in 2 weeks but seeing so little change at the moment.

I based so many things and my strategy on what was considered the good way to go (ratio 1:2:4, more cores/rewards, rewards going up 3x-5x, etc.), but today, I conclude that following these leads was always a failed and bad decision for me.

Today, all bare-metal servers that I heard were rentable are low price low core servers (sour x5 :skull:), while I have pricey monster machines ($450/month to $1500/month). Yeah, expensive, but trust me, it was worth it in version 1.4.18… well before all rewards from that version got shrunk.

I would reconsider renewing my float if I were 100% certain a x2 increase in the interval between rewards is guaranteed approaching version 2.0, but it seems nothing can be certain about it.

I would have love to stay, and build the Q network with you all but currently, having no guarantee on the “at least” x2 improved time interval, and even though, I’m pretty sad to leave the adventure, [redacted by mod due to price/speculative discussion].

Unless some unexpected comment that explain/shows me something I haven’t seen, I guess I must quit this adventure.

Thanks for reading!
Chaja-

4 Likes

Do the math based on your data to make the best decision. Don’t trust – test and verify assumptions. Don’t overleverage. This is a project in development. There’s no guarantee of profitability. Adjust your expectations accordingly.

6 Likes

You gotta do what you gotta do

If the math doesn’t work and you can’t keep running running nodes at a lose then it’s time to move on

I’m currently happy to run at a lose if needed as I gained so much from running early nodes, so I feel I should give back

3 Likes

This part is incredibly painful and captures our collective experience perfectly. Sometimes, you just have to do what needs to be done. I feel you!

2 Likes