Bitcoin Forum

BitTorrent inventor Bram Cohen has announced some time ago that it will be launching Chia cryptocurrency in the future. He claims that Chia will the the greener alternative to Bitcoin by using a unique consensus algorithm called "Proof of Space". The project is still in its very beginning, but it has gone far since 2018. It makes me wonder whenever it'll have a space within crypto land, since there are so many altcoins on the market nowadays.

If Chia wants to stay ahead of the game, it would need to provide something innovative not found elsewhere. Also, it would need to keep up with constant development to maintain solid within the crypto industry for a long time. Whenever this new cryptocurrency will succeed in the long term, it's yet to be seen.

Nonetheless, do you think that Chia will become Bitcoin's competitor in the future? If not, will it at least survive the market for the foreseeable future? What are your thoughts about this new cryptocurrency?

Chia mainnet has just launched. Am I seriously the only one on Bitcointalk doing Chia, or is there another thread?

Not that I'm aware of. It's been a long time since I don't follow Chia's development progress, as I've been focused on Ethereum and the recent "De-Fi" craze. Thank goodness, the Chia Network has launched for the general public. We're going to have to wait and see how adoption goes for the project, as people are mainly interested on big market players like Ethereum, Polkadot, and Binance Smart Chain. Chia might not stand a chance against well-established projects if it doesn't deliver innovation and real use cases for the mainstream world. Whenever it'll turn into a success or a failed experiment, it's yet to be determined.

Nonetheless, it looks like Chia is late to the party. There are other projects in the crypto/Blockchain space taking the world by storm with constant innovation and development. If Chia wants to stay ahead of the game, it's going to need to provide something out of this world. Otherwise, it'll become another worthless coin forgotten by people in the mainstream world. Just my thoughts ;D

HDD farming as an eco-friendly alternative to mining is "out of this world".  No other major project uses it. Burst was a rugpull and along with filecoin and storj, those coins were difficult to "mine" and use a lot of noise/energy.  This is the first legit proof of capacity coin and it should attract miners considering the GPU/computer chip shortage.

That's certainly true, mate. It seems to me that Chia's "Proof of Capacity" consensus mechanism is one-of-a-kind. We're going to have to see how well the project develops as time goes by. The Chia Network is still in is infancy as not many projects are built on it yet. With so much competition in the crypto/Blockchain space, it's hard to believe the Chia project will get all of the attention in the mainstream world. Most people are focused on big players like Ethereum and Bitcoin, leaving the rest of the other coins behind. I'd strongly recommend the development team of the Chia Network to provide innovation so the project will be able to gain traction in the mainstream world. Otherwise, it'll become a failed experiment in the long run.

Nonetheless, I believe Chia is quite late to the game. It should've launched a year or two ago in order to stay ahead of the game. Now with the "De-Fi" and NFTs hype, Chia will remain unnoticed by investors and traders alike. Whenever this is a good opportunity to invest in Chia or not, it's up to you to decide. I'd be surprised if someday Chia becomes one of the top 20 cryptocurrencies in market cap. Just my thoughts ;D

I see a couple of problems with HDD mining. First of all, if the mining is profitable, some people will start building huge storage farms, just like is done with PoW mining hardware, and it will use a lot of energy and materials. See https://en.wikipedia.org/wiki/Jevons_paradox (https://en.wikipedia.org/wiki/Jevons_paradox).

Second, assuming that home farming with your existing general-purpose hardware remains feasible, it has a huge drawback compared to CPU or GPU mining. For example, I've bought GPUs for work but they can spend most of their time mining. In most cases the miner can stay running in the background all the time. In some cases I'll need the whole GPU to my work, but even then, I can easily resume mining after that.

This doesn't work with HDD farming. If I want to use that drive for something else, I first have to delete the plotfiles, and then later regenerate those plots with a lot of CPU time and energy. So you will need dedicated farming drives, or at least some dedicated drive space.

I've been testing out small-time Chia farming since just before the mainnet launch, and I even bought a new drive for it, knowing I can still use it for something else if this doesn't work out nicely. I like playing with new technologies in their early stages, and I guess I have a soft spot for Bram Cohen -- I remember when Bittorrent came out, and I like coding in Python myself. I'd like to be proved wrong about the above reservations :)

I've been toying with Chia for the past two weeks and while the idea sounds okay, the software written in Python is a complete dumpster fire. The version 1.0.4 refuses to connect, corrupts the database, exhausts your RAM, stops working randomly, or creates your "farming plots" with SOMEONE ELSES mining address. Can't believe they got investment for this. Satoshi, while acknowledging he is not a programming expert, wrote better software in his spare time and on his own.

Fortunately and unfortunately, I've never even heard of this crypto coin neither do I even know that such a coin exist, today is my first day of coming across a coin with this name, but from the look of this, I did say that this project looks like it didn't succeed cus I can see that this thread was started in 2019 and till now, no body is talking about this coin.

To be honest, I've learned to ignore or rather, put In my black list any crypto coin that comes out and claim to be the next bitcoin or claim to compete with bitcoin in any way, cus from observation, all the coins that have been made to compete with bitcoin and possibly take over bitcoin's throne have all failed, gives me this feeling that bitcoin can never be replaced unless the developers working on bitcoin wish it to be overtaken by another, but as long as this developers continue to work to strengthen bitcoin's network, any coin coming and claiming to over power bitcoin is nothing but a scam.

Any update?

Is it possible to buy Chia anywhere?

please tell me where you can buy it and can you buy it at all? Such things grow very well in price for a long time.

you can downloaded chia app and go to farm tokens, but you must have but many ssd or hdd for this/ because 1 ssd for PC not enough for give many tokens for this project.

Anyone selling forward? Interested in buying a few if price not too steep. Aware it's not on market yet, maybe looking at some sort of escrow or?

The Miners cannot sell now. Sending will be enabled in 2 Weeks

Hey Folks,

I am new to the chia topic.

The first questions I have arose when I logged into the chia app using windows.
How can I generate my own private key, which algorithm does it use and how can I import it? I Don't want some software I don't understand to create my private key, especially when I am online.

Thank you in advance for your answers.

This crypto does not allow sending and receiving. You are at the mercy of the developers to enable it later. Does more need to be said? You are not in control of your chia wallet, even if you have the private keys. This is the opposite of user control, opposite of coin ownership. Chia, after several years of development, does not have one of the fundamental required properties - the ability to send and receive. And it is heavily pre-mined, the bug tracker is a bloody mess, software is slow, bloated and unstable. Network is experiencing serious problems even with literally ZERO transactions (remember, transactions are not allowed at the moment).

Are there any red flags left unraised by this coin?

It is just like asking why do we need Solano and other smart contracts platform since we already have Ethereum. Chia is one project I have been waiting to see it launch because it promises things that the current competitors do not have, my fear is just that most of these coins will end up in the hands of Whales and big farmers because they have money to deploy and buy gears to mine it. I believe this will pump when it hit market so I will likely ride the hype

I'm aware of that. That's why I refer to selling forward and using escrow. No movement of coin required.

If you look at the purchase of ssd now, then in many countries the prices for them have not yet increased. Therefore, if you buy them now, before the hype, then you can also sell ssd themselves more expensively. Moreover, almost everywhere in official stores they have a 5-year warranty.

Still risky because the coin value after listing might not be good enough, this coin have to cost 40$ each for hdd investors to be on a safer side of not it will be a waste of time, it's better to look into the coin real use case than how to acquire them through mining, use case is what matters

I hate it when I have to use a software that's unstable. To my knowledge, Bitcoin didn't had such issues in its early software releases. The Chia developer team is going to need to ramp up their efforts if they want to attract the general public into it. Otherwise, the project will go all the way down the drain. With so many competitors on the market right now, it's hard to believe Chia will rise all the way to the top anytime soon. People are focused on "De-Fi" and NFTs right now, leaving other coins behind in the dust. So far, Chia lacks listings from prominent exchanges in order to maintain liquidity and a constant uptrend in price. It's basically a worthless coin right now, as people are pouring money into other big players on the market. Things could change if the Chia project delivers as promised in the long term. But for now, it'll remain under the radar of traders and investors alike.

Nonetheless, there are far better cryptocurrencies out there with active development, innovation, and real use cases for the mainstream world. Burst, Filecoin, and Storj are similar to Chia in the sense that anyone can mine these coins with their free hard drive space. Who'd want to use Chia if there are similar projects that are faring better on the market? As long as market demand for Chia remains low, the project won't be going anywhere. Just my thoughts ;D

He Guys..

I´m new to the Chia Project.. heared it yesterday..
But now i have some questions, that are not very clear to me.

If i have a System with:
1 CPU - 12Cores - 24 Threads
64GB of RAM
1 SSD for Windows System
1 fast SSD 2TB for Temp Plot Folder
1 Big 18TB HDD for the Plot Files, or however what it is.

I know a Plot need 2 Cores and around 4GB of RAM.
But the Drive Spaces are not clear to me.

Can i create for example 10 Plots?
If Yes, what are the Details?

20 Threads from the CPU?
around 40GB of RAM?
around 1 TB of Spce from the 2TB SSD?
and how much space from the 18 TB Drive it will use???? I could not find that information.

Or is it better to use the full 18TB for one Plot and put in more 9 x 18TB.
That i use on every Plot a 18 TB?

Anyone can answer these questions ?

Thanks

I've spent some time looking into this coin. I like the concept, I like their website but it lacks many important features: 

- No way to password encrypt your wallet
- Plots are linked to your wallet so if it gets compromised you have to redirect transactions
- It's unclear what security audits they did on their nodes. Are they susceptible to buffer overflow attacks or something else?
- The GUI itself is nice and modern, but lacks basic features like ability to stop/pause a plotting node (no resume). It also lacks any ability to predict plot time and any decent HT support. The CLI is basic, just like most cryptos but also lacks any of this.

The complexity has gone through the roof in just 1.5 months. Currently at 1.5 EiB and growing 10% every couple days. With 20 plots (2TB) it will take you 6 months to win anything. In a couple weeks that will be a couple years.
Plots themselves are very compute intensive. Not sure why they'd ever say this is green. A decent gaming system could do 10 plots/day. Unless you have a server with 32+ cores, enterprise NVMe SSD (or a huge parallel raid setup) you're not going to plot fast enough to catch-up with the increased complexity.

Now all of these are concerns and in some cases showstoppers for small-time miners. The real showstopper, however. The one that completely breaks this is that for whatever reason Bram and his cohort decided to premine 21 million coins. Whereas right now there is <500k coins out for CHIA miners to win. It's estimated over 25 years CHIA miners can win 21 million coins. These coins cost *nothing* for the chia corporation to create, yet they are going to instantaneously have these coins. Now their business whitepaper says they'll have a board that will decide when/if to sell the coins. 90 days notice will be given to everyone when it happens etc.... This is what the chia community says to justify this huge slice of chia pie given to the developers. This really doesn't fly well and beckons back to the early days of altcoins when developers would allocate 90% of the coins for themselves and a mere 10% for the community. Then instant dump when they get the chance. Chia can put this under the banner of a corporation if they want but it's astounding that they, and the chia miners themselves think this is even a close to fair idea.

So a 98% early premine, complexity pushing through the roof, and questionable miner support. This is an interesting coin to experiment with but I'd pass for now.

Yea, I liked the coin but when I saw 21 million premine I was like wtf?? I guess that 90% of the people getting onboard in the last few days don't know this. Nevertheless, I still think they will get a decent launch price
 and volume on EXs. The hype is real and currently it looks easier to buy chia for 20$ than to mine it.

Red flags, red flags everywhere. It's like the return of the Soviet Union.

Of course, it would be easier to buy Chia for $20 than to mine it yourself. But the problem is that no one sells for $20. According to https://coinmarketcap.com/ru/currencies/chia-network/markets/ right now, anyone can buy this coin using a centralized exchange at a price of $750. Although everything is possible in the cryptocurrency market, so you should wait for the Chia dump to $20.

Buying a large volume of SSD drives while market demand has not been determined is wasteful behavior. The world has seen early miners mine Bitcoin. They won with great rewards. They succeeded because Bitcoin was the first cryptocurrency.
CHIA is a new blockchain and no matter how good it is, there are hundreds of projects out there in direct competition.
I have seen hard drive mining projects like Conflux, Burst. These two projects have yet to show signs of booming demand. As for CHIA, I don't think this project has made a big impact around the world although great demand in China is a good aspect.

Honestly, I just found out even though this region started in 2019, and seeing the price movement is very interesting, to become a competitor with BITCOIN takes a very long time to continue to develop.

I guess the poster must have mistaken this chia for another if there is, i was a bit confuse when he said you can buy for $20 because last time i checked the current price is at $659.33, this coin already high so those who are mining since the begining are the ones in profit, right now mining chia will not be as profitable as in the begining, i only got to know about it only yesterday from a friend, am not sure if it is worth subjecting my device for.

I can decide to mine chia once there is official pool available, I don't want to do the solo mining and keep looking at my screen hoping one day I get something, I want to mine like GPU mining where you get something every day

Proof of space is an algorithm that is not yet known well. If the consensus proof to be better than other blockchain consensus algorithm particularly in term of speed and transaction fee then Chia might end up competing with bitcoin. It seems the blockchain will be a centralized one compare to bitcoin which operate on decentralized network

I don’t know guys. From what I can see what they have built is very solid. Now that mainnet has launched and transactions have been enabled they will be able to focus on improving the gui software. They have some big name investors on board and based on what I have read I can see this being a a top 10 cmc project in the future.

Since launch of mainnet interest in the projects as grown exponentially. Will be an interesting one to keep an eye on in my humble opinion.

chia is a new altcoin just born that has in addition to a great value about $ 644 also a great potential that is easy to mine you do not need powerful computers it can be mined from hard disk, so it is in my opinion an excellent chance of earning

Well, I'll be damned. This coin wasn't a complete waste of effort after all. I'll be selling my 2 coins I was able to mine, if I can ever get that horrible client to sync. I will probably reinvest the proceeds on Nasdaq to WDC or STX.

yes, if you are able to wait 10 years for your coin... it took about a month to plot 10 terabytes on the hardware that is cheap and readily available

the reward with 10 TB plots is expected in about a month, but the difficulty is currently ramping up faster than you can plot and if you are not lucky and win the reward soon, in two weeks it can be expected in next three months, then a year and at that point you are out of the game without significant investment in specialized hardware

That's my biggest fear. With that in mind I would look investing in Chia or some similar project in bear market. In that time people are less willing to invest in something that is going down.

I can not find CHIA on whattomine. Do you know any website that I can calculate productivity of my rig if I use it to mine this coin, CHIA.

Thank you a lot.

https://www.chiaexplorer.com/charts/xchTib (https://www.chiaexplorer.com/charts/xchTib)
there you can enter your disk capacity and it will show you a prediction of what can be expected

but beware the minimum reward is 2.0 XCH when you actually farm (mine) a block, so if the prediction for your disk size and number of days you are willing to let it run is not higher than 2.0 XCH, then you are probably better off staying out until the pool support is properly implemented

yes, that's right, chia is designed in a way that makes free pooling impossible, instead they are implementing their vision of what fair pooling may look like

and it (announced chia pool support) is as retarded and unfree as you can expect from a pre-mined corporate wish-to-be ecological crypto

meanwhile the world harddrive supply vanished overnight and you can expect shortages

I really hate chia

If Burst and other PoC (Proof of Capacity) coins didn't had much success, I don't think Chia will make the difference. It's full of hype more than anything else. Right now, prices per coin are insane as its valued at around $600 on the market. Expect to see a shortage of SSDs and other digital storage mediums because of the Chia "mining" craze. After the dust settles, Chia may lose its value big time. It's not about hype, but rather delivering real use cases for the mainstream world. The project needs something innovative in order to stay ahead of the game. Otherwise, it'll be left behind other prominent coins on the market.

Nonetheless, anything can happen in crypto land. As long as there's demand for Chia on the market, prices will only go up in the long run. We're going to have to see whenever developers are willing to keep the project alive or abandon it in the long run. With active development, and innovation, Chia could last a lifetime. Who knows how far it'll go ten years from now? Just my thoughts ;D

I just saw this news:
Amazon Offers Mining in the Cloud for New Chia Cryptocurrency (https://www.coindesk.com/amazon-chia-cloud-mining)
Amazon rolls out Chia crypto mining solution on AWS (https://www.theblockcrypto.com/linked/104187/amazon-aws-chia-crypto-mining)
This literally is cloud mining because chia is POC while AWS offers space in the cloud. What do you say guys who are into Chia or interested into it?

To start with, in my own opinion, Bitcoin do not have any competitors, it is just the best and there is nothing that any coin or project can do about it than trying to be useful themselves in order to keep growing. Ethereum is not a Bitcoin competitor let alone a project which is yet compete with a lot of tougher projects in the crypto space. To be frank I am just hearing about it today, and just like you pointed out, that in order to be ahead of the game, the team needs to bring in something unique and innovative and not the usual copying of other project's ideas.
If the Chia project team want to be useful to their community as well as to the crypto space, they need to offer an outstanding project first, be on good exchanges and continually working on their products and services in order to have a better chance of beating most projects; this is just how the crypto space works and which is why only few projects stays and those who can't handle the challenges dies even though they might have had good ideas.
This also brings us to the this scenario; which is, having a good idea is one step, making it to work is the second step, improving/updating it is the third step, and being able to market it efficiently to larger audience is another; at least with these a team can be on the right track while withstanding challenges.

we accept Chia

I also saw this information. I hope in the coming months its value will increase because I am sure that in the near future Amazon will start to accept payments in chia in crypto legal countries like Australia. Its mining is also quite easy. There is a step by step mining guide in youtube for those who wish to mine chia. At present its really profitable to mine Chia.

Interesting article regarding Chia.

https://cointelegraph.com/news/chia-network-not-so-green-cpu-mining-reportedly-destroys-ssd-in-weeks

Is that true?
Has anybody of you already plotting
for few months to confirm that issues?!

My "not so crypto experienced" crypto mining partner, is interested in setting up our old GPU rigs for this coin by getting some HDDs and running it.  We currently run Antminer Z11s and have had them on for 2 solid years.

Those old computers are collecting dust, so we'd only have to invest in SSDHDDs.  I'm on the fence, so I came here to see what it's all about.  I'm interested in more viewpoints from those participating in the thread.

We have a bunch of Xeon based MBs and plenty of SATA drives, not a lot of SSDs.  Might be worth building just to see the plot expectations.  He's pushing me.. I'm just the technical expert, he's got the "megabucks" LOL

Thanks :)

It's now extremely hard to solve a block mining chia aka plotting in solo mining right now, the only way forward is the release of a pool, also it's still unclear whether solo plots can't be used in pools because I heard a rumour that plots need to be start from scratch if you want to mine on pool

You can plot using regular HDDs, it just takes a bit longer. Plotting one k=32 plot did take 10 hours on my SATA SSD and about 12 hours on regular HDD. I did not try it on NVMe, because I don't have one with sufficient size.
The difference in speed is not worth destroying your SSD (see bellow) in my opinion. Get more HDDs and plot on them all in parallel, one plot per drive - IF you wish to participate in this shamcoin.

My consumer SATA SSD (Samsung SSD 870 EVO 500GB) purposefully bought and used exclusively for chia plotting is down to 85% of its "Wear_Leveling_Count" S.M.A.R.T. attribute after about 50 or so plots (k=32). That equates to 5 TB of plotted space. I expect about 30 TB of plotted space before this drive will begin to fail. But there are better (and more pricier) SSDs on the market, you should consider them if you want to speed up your crazy train ride (see my answer above).

Amazon's adoption of Chia will certainly increase the project's public exposure. But I believe this will make the cryptocurrency more centralized over the long term, as companies with big data centers (like Amazon and Google) will dominate the network. The average person will be left out of the game, as it becomes extremely unprofitable to mine Chia with smaller drives. I hope the project's team considers this, in order to make the Blockchain as decentralized as possible. Whenever it'll become a success or a failure in the long run, it's yet to be determined. Price per coin is quite high on the market, but this is not a guarantee that all is going well. Mainstream adoption, active development, and innovation is what matters most for any cryptocurrency project to stand the test of time.

Nonetheless, I believe there are far better cryptocurrency projects which stand among the top ranks in market cap. Projects like Ethereum, Dfinity's "Internet Computer" (ICP), and even Uniswap are faring better than Chia itself. Chia is still a small market cap coin, even with all of the hype surrounding it today. Investors and traders are focused on other big players on the market, leaving Chia behind in the dust. Time will tell us whenever the project will survive or fade away into oblivion as the competition becomes fierce in the crypto/Blockchain space. Just my thoughts ;D

Well guess what post main-net the blockchain still can't sync

The gui doesn't work

The install scripts were not tested on common platforms

Its a sw development management fiasco, who said this team had developed commercial software in the past? Bittorrent was never commercial, it was a 10+ year open-source project

Now the plotting software burn's up NVME drives at the rate of one every two weeks if your plotting 24/7, yep somebody put a lot of effort into this garbage.

Today i deciding to spend $300 to bought my new ssd and hdd. I believe CHIA will be good investment, right now i still farming with my wooden pc (only 2 plots / day)  :'(

Amen to that. See https://github.com/Chia-Network/chia-blockchain/issues (https://github.com/Chia-Network/chia-blockchain/issues)... there are 1.1k opened unresolved issues with this software and the list is growing daily.
My dedicated linux box with 3GHz Pentium is currently topped at 100% CPU. Not plotting, just running the full Chia node. I don't consider that green at all. Hell, I've been running full Bitcoin node on much slower early generation Atom PC, causing barely any load, and the Bitcoin network actually have value and does something useful unlike Chia.
This coin is such a Potemkin village (https://en.wikipedia.org/wiki/Potemkin_village).

the problem with farming is that it will destroy your SSD after a while.

Quote "Chia is a different animal, though. According to MyDrivers, mining Chia can trash a 512GB in 40 days, while a 1TB SSD lasts twice as long, and a 2TB SSD can give up the ghost in just 160 days, or barely over five months."

https://www.pcgamer.com/chia-mining-can-wreck-a-512gb-ssd-in-as-little-as-6-weeks/ (https://www.pcgamer.com/chia-mining-can-wreck-a-512gb-ssd-in-as-little-as-6-weeks/)

I liked the idea when I first heard about it, but doesn't seem like something that's going to work in the long run?

not so sure about this one, there is no circulating supply indicated on coingecko, but with whole supply and current price, it is a top10 coin by fully diluted capitalization
seems overpriced to me, but one should go by his own analysis prior to investment

how the coins are entering the circulation, is it by mining only and was there any pre-mined coins? did not check whitepaper, but judging on total number of tokens, there is no much space to rise much in the future

yes, 21 million Chia coins were pre-mined by the corporate entity controlling Chia

They also said there is no limit. Think about that.

The chia-net team also said their only goal is to go public as an IPO, and be the next Red-Hat, a software support company, and be bought about out by IBM for 10's of BIllions, kid you not right on their video they say this.

These bozo's can't even get the blockchain to sync after 5 years in dev, you think they should have just cut&pasted BTC's blockchain and called it good.

What's the deal with price? It was traded in China since jan 1, 2021 as an IOU, before the my 5,2021 launch, it went up the $1600 USD all be its own as a 'scam coin' on chinese exchange, 100% gambling. Chia-Dev rushed to main-net, but they hadn't test the block-chain, now its a kluster-fuck, no pool

But then a guy in CHINA created a hpool months ago called HPOOL.COM, and it works, and I use I create 16x plots a day, and earn lots of xch, the 'woke' morons who bought the green-feces BS are told "Don't use the chinese hpool, you'll go blind, or shoot your eye out".

Chia is an entire new market for crypto's its targetting the woke-millenials post covid, and they think up is down, and left is right, Chia is the ultimate barometer that crypto has found its last sucker.

I use EVO pro 980's 1TB to plot, I get 100 plots, at 25% warranty of the 600TB, at 150 they die, the controller fails, then it can still be used for sequential, but no longer used for chia plotting.

Drive manufacturers have already announced if you mine, the warranty is VOID. 5yr warranty kaput.

Oh well, even at today's EB (7.4) 100 plots is 1/4 xch/month on hpool.com, so I'm paying for my NVME's :)

I plot 16x a day, I stay just even steven about 1 xch a month, and have been plotting for months. If you solo mine with chia-net you get zero, unless you have 10k plots.

This project is gaining attention in altcoins, some are beginning to hoard HDD and SD. I think this will stay, I watch this for almost a month now and the price is skyrocketing! Need to save for this to mine.

A hard drive-mined project with smart contract capabilities, it doesn't look any better than Burst coins (https://www.burst-coin.org/) or Conflux (https://confluxnetwork.org/).
The FOMO community for this hard drive mining project also contributes to environmental damage because of increased hard drive production. There will come a day when we will have a surplus of hard drives because of the chia mining activity of miners.

I have no desire to buy these coins because:
The technology is very old and the transaction speed is slightly higher than in the bitcoin blockchain.
The developers have a lot of coins because they started mining first.
I don’t want to invest in hard drives, but maybe it’s better than buying coins.

Hello everyone, we invite you to the new centralized pool Chia Ecopool http://ecopool.group, discord https://discord.gg/HT9HKVuV, telegrams https://t.me/chia_social_mining, FAQ on the pool https: // docs. google.com/document/d/1MbzYY_o8XUSaq5R8i-MlV797ejoLkbyOCWm9yjmFGCY. Of the advantages, this is a modified plotter, which is 25% faster than the usual one.

As long as it will not be possible to polt in a pool, I will be clearly impossible to progress for small owners :(

The idea of Chia is really good, but it’s not all about competition and being the best, because none can be the best, what you think you’re doing best there’s always someone else that is doing better than you think you’re doing, or you can be good in one thing but not good in the other, and someone else is doing that one better and not good at the other one. So it is just like that. The most important thing is that they have a strong community that will be solidly behind them and supporting them, the sky is big enough for every birds to fly, so no need for competition.

It was yesterday that I saw some news about the Chia cryptocurrency, and I haven’t heard about it before, that was my first time of getting to know about it. I look forward to how far it will go, and for sure I will be following up with it to know whether to invest or not, because if it’s good, then now is the right time to invest.

Apparently, I saw that some pools have been created, like "ecopool farming", they are releasing a GUI client, anyone tried to work with this pool ?
Their Telegram is only in Russian, Discord is in both langages (EN and RU) but not very active on English side.

No project can become a competitor to bitcoin in long term, whatever the idea about the project but still someone is behind the project who can change at any time but its not the same with Bitcoin, the satoshi was unknown,is unknown and will be unknown so no government can catch him and put a stop for the project which replaces the current fiat system.

Ok but in this case, you can post this message on every thread talking about ICO / cryptocurrencies ;)

There is no need to try and compete with btc or any other project per say, their focus should be providing a unique alternative to btc type of project which majority will worthy enough to participate, btc is no more easy to mine, if chai can be easy it will bring more people to be part of it, competition is not always the case.

BTC is also not easy to mine but the concept is not based on luck, only on computer power that you can bring to the network.
Concerning Chia, it's pure luck for people who are farming solo, it's the main problem.

in 30 days difficulty from 47 to 747    ??????     this train is gone...

 ??? ???

https://www.chiaexplorer.com/charts/difficulty?period=1m

It had never gone, I have just checked and researched on chia network and discovered it's a good and reputable and promisable project, the fact that it's listed on almost all of the best cryptocyrrency exchange speaks good about it and possibly will take time to shows her development into the crypto mainstream. Trading volume is sufficient to utilize the coin to reach her goal. Chia network is a good project but can't be used to compare with bitcoin, you can compare it with EOS, NEO, ETH, Stellar and other blockchain.

i am running 300plots more than 3 weeks... no luck to catch any block :( ...   5time total blackout need to restart my farm and sinhronised again.... then read  forums.. and funny  a lot of people writing ..non responding and deleting questions on reddit..

By FARMING yes, you need time, and good Weather conditions, here ???   nobody know what is going on behind , just wait and wait and dificulty rise up.... :)   i think this is like stupid newer ending  DRAG RACE !

I agree with you, this service can have a potential but the architecture of the distribution of blocks / coins is really fuc°°°.


You should stop to farm in solo mode and finally to join a pool, you will not have to bet on luck and also you will avoid many blackout problems.

Chia requires users to devote a large amount of hard drive space to generating and storing random numbers, with gifts being distributed to those who have the most of the space running out. That, coupled with the skyrocketing value of cryptocurrencies, has caused enormous demand for certain types of hard drives that work best with the system.

Most affected are large hard drives, which are used to store random numbers, and a certain type of solid-state drive (SSD) called an NVMe drive, which is used to generate random numbers. Prices for both types of drives have gone up markedly in the past week, according to David Gerard, a cryptocurrency expert and author of Libra Shrugged. The problem is especially acute for SSDs, which have a limited number of uses before they break.

Right now the price is decrease almost 50% from the ATH and i try to farm in HPOOL but my income keep decreasing every single day, for those people who want to try to do this (farm) the new requirement is 1TB.

i wait for ..   You CAN NOT  USE POOL mining without to SEND PRIVATE KEY .... MY PRIVATE KEY TO THE POOL ??    ??? ??? ???  :-\  ... this is the biggest mistake  !

and finnaly   if this RUSH is only for FEW runners :(    POINT in FARMING IS that anyone can own a small plots ...
point for good SHITCOIN is That all the people can be a parto of it... not only FEW people that own 10000 HARD DRIVES
if every PC user can farm chia beside regular work.. then this will be a REAL GREAT COIN !

HPOOL doesn't require your private key to be sent.

You run an offline tool that generates a signature that you paste into your config.yaml file, but you never send your private-key outside of your cage.

Even solo-mining with chia-network, you must sign your  plots with your private-key to prove that you are the owner.

Why to people continue to lie, and never quit these lies?

I suspect to keep people solo mining and earning zero.

New functioning U.S. based chia pool running now.

https://www.ttdpool.com (https://www.ttdpool.com)

This is the first functioning US based chia pool that I know of.
This pool does not require you create new plots. It allows you to use your already created solo plots.
This pool will never threaten the 51% attack because all users are still running their own node.
You can switch between pool mining and solo mining by simply closing the client.
You will be paid for your contribution on each winning block you are running the client on.
Feel free to use the contact page to ask any questions or to report problems.

A few months back the project was getting all attention from media and I too installed on my PC. Mined some coin, was slow and took up almost all my space so uninstalled it. Didn't knew it was going to be so huge, trading over $315 at the moment with 35% daily rise. Those Chinese hard disk hoarders might have made a fortune out of it.

It looks like the Chia Netspace (https://xchscan.com/charts/netspace) has hit a stump, can't go up forever

Exactly!
The netspace hits the top now, it becomes interesting because it gives more visibility of your investment and the ROI becomes more stable.

Is this the era of Dogecoin and its type? Yeah, there are some doggy coins, meme coins, and also other shitcoins. For newbies like me, I will not choose this kind of coin because I think that it is very risky. I cannot analyze whether the best chance to buy and then sell the coins. So, I personally better to avoid this. But so far, I see many people are trapped in this kind of coin and they only follow the hype, and it's branding.

Chia presented the official code for mining pools because of the huge demand, developers gave priority to portable pools over static ones. To participate in the pool, no guarantee deposits or a minimum balance are required, the user can create rafts and immediately receive payments. https://github.com/Chia-Network/chia-blockchain/releases/tag/1.2.0

A very good point to open farming to new pools because Hpool already took a big part of market share!
The current low price helps to keep a "normal" netspace and it's worth to mention

Is there in ANN thread created for CHIA in the forum?

The project is becoming very big in China and I think the Chinese miners who dont have the capability to move out of China will be selling their rigs to buy equipment to farm CHIA.

I lost faith in this currency. Around 100tb of plots generates almost zero income. I will leave in August if nothing will be changed

Leave what? It's a shitcoin. What did you expect?

is`s look like SCAM ..

when they start talk about Farming Coin.. calculations were amaizing, then they sell all primine  and DUMP this Coin  ... sux !
   my ROI is like 30 years :(

better to stop and sell hdds buy 10  Graphics ...

100kg HDD-s VS 5kg Graphics SAVE THE PLANET??   Fuck Elecrticity  :)

Hi there! In case somebody needs free XCH.
Please do not hesitate to use our faucet: https://chia-faucet.com/ (https://chia-faucet.com/)
We support both testnet and mainnet. You may get up to 0.05XCH (~13USD) every hour (will be increased in the future)

Chia is a cryptocurrency that mines depending on the amount of hard disc storage space dedicated to it instead of processing power, as is the case with Proof of Work cryptocurrencies like Bitcoin. Chia Network is the firm that established the platform.