Chia Cryptocurrency

[Darmanin]

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

[1715454138]

1715454138

[justdimin]

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.

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.

[Darmanin]

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.

[semobo]

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.

[Darmanin]

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

[Bitstar_coin]

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.

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.

[Darmanin]

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.

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.

[rausvi11]

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

 

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

[blackened515]

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.

[rausvi11]

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 !

[Darmanin]

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.

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.

This one should be considered the difficulty of mining this coin using solo farming the chance like what you have said
is base on luck or chances is really slim.

But if there are good offer from this coin and the usablities of this project allows more people to enjoy the service then
there's a chance that it will bring something inside the market.

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

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 !

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.

[Coroline]

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.

[BaeSuzy]

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.

[rausvi11]

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.

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.

This one should be considered the difficulty of mining this coin using solo farming the chance like what you have said
is base on luck or chances is really slim.

But if there are good offer from this coin and the usablities of this project allows more people to enjoy the service then
there's a chance that it will bring something inside the market.

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

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 !

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.

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 !

[btc-room101]

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.

[ttdclient]

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

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.

[covfefe_]

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.

[IcyYew1]

It looks like the Chia Netspace has hit a stump, can't go up forever

[Darmanin]

It looks like the Chia 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.

[carrigan]

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.