Chia Farming Revisited

Chia Farming Revisited

By Rands888 | Mining Altcoins in 202X | 11 Jul 2021


Previously I posted a review of the #Chia Farming process (#XCH):

https://www.publish0x.com/mining-altcoins-in-202x/chia-farming-xppjzmk

Since that review, Pools have been introduced and therefore I am providing an update.

 

Since the release of Official Pools, things are starting to balance out a bit. The link above will help you understand the nuts-and-bolts on what Chia Farming is and how to do it. 

You can find more technical details at chia.net

Pros:

  • Energy consumption is way lower than mining any other alt coin
  • You can plot farms on most any quad-core CPU
  • Small HDDs are easy to find or can be salvaged off old machines
  • Pooling is offered now. You don't need to proof a block in order to accumulate #XCH
    • The Official Pools are secure and you maintain control of earned chia and the payout threshold for this pool (Space Pool) is 0.01 XCH
  • Space Pool

 

Cons:

  • Some of the Chinese farmers have banded together to form ad-hoc pools
    • One of the largest is literally claiming >33% of all Chia
    • The estimated worldwide storage pool is >35EBs (yes, that's Exobytes!)
    • 749bd88e11d478b2854d907d0eed98cf8520d48a09ce8fc39c161751529b2ddd.png
    • Top 3 pools shown
  • It is almost impossible to compete as a solo miner
  • Storage is becoming hard to find at reasonable prices
  • Chia is not listed on most exchanges
  • If you switch from solo to pool mining, you must replot all of your farming plots
    • If you switch from pool to pool, you will not need to replot

 

Pools:

Top 10

Top 10 pools are shown (by size)

 

Please follow and feel free to ask questions in the comments.

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Rands888
Rands888

I am a Quality and Reliability Professional, Navy Veteran, Plant-Based Triathlete. I am also crypto enthusiast who trades, collects, and mines for the past few years now.


Mining Altcoins in 202X
Mining Altcoins in 202X

Just a blog to discuss my trials and tribulations regarding altcoin mining in the USA. Additionally, I will post on the global political environment as it relates to cryptocurrency.

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