First you need to clear a field (i.e., delete any files on your storage devices that are taking up space), then you plow and seed the field (compute a plot for Chia), and then… well, you wait for the crops to grow, which can take quite a long time when those crops are Chia blocks.Įach Chia plot ends up being sort of like a massive, complex Bingo card. The analogies with real-world farming are intentional. Rather than mining coins by dedicating large amounts of processing power to the task, Chia simply requires storage plots - but these plots need to be filled with the correct data. Some of the fundamental blockchain concepts aren't radically different from what's gone before, but Chia coin ditches the Proof of Work algorithm for securing the blockchain and instead implements Proof of Space - technically Proof of Time and Space, but the latter appears to be the more pertinent factor. If you've dabbled in other cryptocurrencies before, Chia is a very different beast. That means using the MadMax plotter to cut down on plotting times, along with how to get started with a chia Pool. In fact, BackBlaze went so far as to say Chia didn't make sense, even with the 'free' 150PB of untapped storage the company currently has.īut don't let that stop you! If you're looking to join the latest crypto-bandwagon, here's how to get started farming Chia coin, with the latest updates now in place. At least now it's possible to get something from Chia, even if you only have a few tens of terabytes, but with Chia well on its way to triple-digit EiB levels, don't expect much. The rapid scaling of May and June are now behind us, though pooling may change cause a resurgence. The total netspace for Chia rapidly expanded from less than 1 exabyte when trading went live, and it now sits at over 32 EiB. When Chia trading went live, it looked like the hot new commodity, but things have changed quite a bit in the past few months. Spoiler alert: You probably shouldn't buy anything. We've overhauled our guide for how to get started, as well as our hardware recommendations. Now, arguably three months too late, pooling has finally arrived. So if you just have 2-3 different (major) coins this app is great.The Chia cryptocurrency started making waves in the storage industry in the early days, but diminishing returns and the lack of pooled farming were serious drawbacks. Not sure if they offer an API but maybe there is an other source for that data. More smaller coins like those traded on Latoken. You can't use the menubar for more than a few coins and always having to click in the menu to open the list is a bit annoying. Add a standalone window mode that could be displayed all the time instead of only menu bar. Maybe ask to donate some ETH or JSEcoins as users of this app would have some of them :-) Maybe you should offer this app for download on your webpage with a donate possibility (NO PayPal). ATM its free so its acceptable but I would like to pay a small amount / buy a usefull tool. Only distributed via AppStore and I hate any AppStore and would never buy any software there. Even better would be to select the currency for each coin individually. For example I would like to see all my coins in ETH but than ETH will be shown in $ and I can't select EUR for that. Not only be able to select the base currency but also the 'fallback' currency. There are only a few things I would like to see in a future update: The app itself is good and does what is stated in the description pretty well.
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