Chia Farming Revisited

Do repost and rate:

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

 

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!)
    • 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 pools are shown (by size)

 

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

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