Weekly CHIA Update #3

By k1ll1van1ll1 | Weekly CHIA Update | 27 Apr 2021


We had a crazy week with Chia. There haven been 2 IOUs for XCH (basically future trading) and the prices couldn't differ more. On Hotbit it was traded for about 1000$ and at EXX it is still trading for about 9000$ (https://www.exx.com/tradeCoding/xch_usdt). For me 1k as well as 9k is more than unrealistic and I don't know what I should think about it at all. In about 1 week transactions with Chia will be enabled and we will see where it goes. I personally see it in a 20$ region.

These news resulted in a huge increase of Netspace and rumors say HDDs are out of stock and very expensive in China and the USA. All I can say about that is, nothing changed in Germany. Not at all!

On the other side the Chia GUI is still buggy AF! I can't run it for more than 4 days without a crash. I am not alone with this, you can find topics on Reddit telling the same, but you will not find anything about that on Twitter.

Everybody knows BTC maximalists and their behavior. Get prepared for XCH maximalists, they are even worse. I had a huge amount of respect for Bram Cohen, the inventor of BitTorrent and CEO of Chia, but my respect slowly goes away. In my opinion they made huge mistakes with Chia and still do. But lets move on to statistics.

FULL NODE COUNT

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17.4.21

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27.4.21

As we know they had some "issues" with it last week and again they changed the way to display some stats. We used to see the FN count from the beginning, now they only show the last 6 days. Why are the old stats lost? You decide.

17.4.21 lowest level: 4590

27.4.21 lowest level: 113636 + 2375 %

Our ATH before this week was 12910, new alltime high is 132749. This is more than crazy and I'll leave it up to everyone if you believe this or not.

TOP FARMER

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19.4.21

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27.4.21

19.4.21 = 16161 blocks = 32.322 = 10.64%

27.4.21 = 27109 blocks = 54.218 = 14 %

So our friends from Hpool gained almost 4% this week and do now own a total of 14% of all Chia farmed, not including prefarm.

HPOOL.COM GROWTH

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18.4.21

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27.4.21

18.4.21 = 96.03PB / 369.35PB Total = 26% total Netspace

27.4.21 = 322.04PB / 891.25P Total = 36.1% total Netspace

I remember XCH Maximalists telling me Hpool will be no problem, Netspace growth will be much faster than Hpool grwoth. Here it is, black on white, this my friends is called centralisation. The Chia devs not implementing pools at the beginning and don't care at all about Hpool is a nightmare.

NETWORK DECENTRALISATION

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18.4.21

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27.4.21

Finally we see a trend going up and finally something I have no need to complain.

NETSPACE

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18.4.21

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27.4.21

18.4.21 = up to 390PB = + 39%

27.4.21 = up to 972PB = + 149%

Netspace growth this week was just insane.

UNIQUE ADRESS COUNT

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18.4.21

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27.4.21

18.4.21 = 4893 unique / 152.000 blocks

27.4.21 = 9723 unique / 193.645 blocks

To be honest my math skills are limited here and I am not sure how to calculate this. Goal would be to display how many percent of new adresses were able to win a block. But we can see the trend is going up which is a good thing, but if we remember that we gained 2375% of new nodes, it is not looking to good!

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Weekly CHIA Update
Weekly CHIA Update

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