In a Reddit post today, FlexPool has put out a call to action to all Chia farmers, big and small, to help secure the Chia blockchain.
In the post they lay out a very reasonable argument for leaving Hpool and the other OG pools behind, to ensure that Chia remains opensource and to prevent the large custom software pools colluding on an actual 51% attack, or just forking the blockchain for their pools and possibly creating a catastrophe.
The sheer size of that segment of the ecosystem, particularly Hpool, has always caused a fair bit of concern in the Chia community – both because of their totally closed off nature, as well as their size. But now there is a legitimate alternative.
I know a lot of people will see FlexPool’s call to action as self serving – and it is – but it is also a community service. Right now there is a schism software wise between the custom software pools and the official on-chain pools. Assuming everything stays on the up and up that might not even be a huge problem. But right now more than 50% of the netspace is controlled by a few large custom closed-source pools, the largest of which is very non-communicative in the community.
I realize its very tempting to sit back and do nothing. To make Chia someone else’s problem. But this is not the way. As farmers we need to support Chia through every way we can. If you really like HPool they have a new pool plot pool. Go replot and join it as long as it doesn’t require closed source software. I’m not advocating for farmers to join our pool specifically, I’m saying that you need to either solo or run open source software on the new pools to keep Chia safe so that its price/value can stay strong. If Chia fails it shouldn’t be because the ones profiting from it refused to act or support it.
I’m not telling you to delete all your plots today. But consider slowly replotting towards pool plots. And please encourage others to do so. Otherwise Chia will likely just keep going down in price.
I do think that FlexPool is a little overdramatic to a point, the preceding quotes about price are likely not true, and I doubt that Hpool has anything to do with the falling price compared to Tether. But the rest of the point still stands.
So I am going to further Flexpool’s ask, which is to replot to portable plots – something I am in the process of doing myself. But I would like to see Core-Pool and HPool, HuobiPool and Foxypool OG strongly encourage their members to replot to NFT plots. In order to do that they will need to deploy a pool of their own like Foxypool already has, so I also strongly encourage the SpacePools, the FlexPools to help them do so with any technical challenges they face.
In the meantime though, for anyone that is looking to move to NFT plots, I have the following articles about various On-Chain pools you can read. Any of them would be a great alternative to closed source software at this point. Please go read FlexPool’s Reddit post, participate and consider using a secure pool using the on-chain pooling protocol.
Thanks to u/willphule for the tip!