Menu
The Chia Plot
  • Blog
  • How-To
  • About
  • Contact
  • Security
  • Discord
The Chia Plot
Chinese Panda

Thoughts about Chia from China

Posted on July 25, 2021July 25, 2021 by Chris Dupres

The following is a guest post written by Yilin He, or Chia in China from Twitter, who is a Chinese Chia farmer and has some really fascinating thoughts about the differences in attitudes between the Western farmers and our counterparts across the world. I have left the article mostly alone, and the author definitely speaks English better than you speak Mandarin. If you would like to donate to Yilin, who is doing a lot of good work bridging the two Chia worlds, please consider a donation to his XCH receive address xch1epr3gktzqhhmjv5qymp0d0h7l6hmjd3qvuc5s0thxu36epgkszzqhurwzs.

Chia in China

Hi everyone, this is Yilin He from Chengdu, China. You may call me Jack. Everyone knows that Chengdu is a capital city in Southwest of Chia, and have a good name not only Hot Spot, Panda, Majiang but also the center of BTC mining. There are lots of hydroelectric stations around Chengdu so many BTC mining pools located here.

Panda, Majiang, Hot Spot and BTC

First time I heard about Chia is in this March from one of my friends just after mainet launch but I didn’t pay attention because there are so many “Crypto Currency Projects” on the market. There are some OTC trading price for XCH around 50-100$ but I think it’s not safe by P2P trading. Then here comes the news Chia will on the exchanges in early May include Huobi, Okex and even Binance. So I start to do some research.

The reasons I decided to follow up Chia are probably same as many people.

  • BT founder Bram Cohen’s name;
  • Green mining is the future;
  • An upgraded BTC maybe beyond BTC;
  • Chialisp is a smarter transaction programing language than Solidity.

These are also most Chinese Speculators consensus about Chia, sorry I use speculators instead of farmers of fans which I will explain later. The real burst of Chia is after May 4th when Chia start trading on Okex. Once the grapevine comes true, the market is ignited and then, a crazy show begin.

In May 18th, a headline on all newspaper say the 356 meters tall SEG Plaza Skyscraper in Shenzhen has shaken every day since Tuesday afternoon. SEG Plaza is a well known computer supermarket in China. And the rumors said the reason behind the shaken is Chia plotting. A funny explanation is because every booth is plotting thousands HDD which are turning in the same direction at the same 5700rpm so the plaza vibrated in resonance.

SEG Plaza in Shenzhen

All HDD are sold out suddenly in one night and you must wait up to 40 days to have them plotted. At that time, 1PB farm machine could win 30 XCH per day at the price over 1000$. “Invest Chia you will have it returned in one week!” spread all over. SSD price raised up double as HDD and delivery time quickly extend to 20days. In Shanghai, plotting cost increased up to 60$/TB. Finally 1PB sells over 100,000$ and delivery in 30 days.

Inside SEG Plaza

Every one is looking for plotting and waiting in anxious because the net space increase rapidly and winning blocks drop down at the same speed. Then, on May 24th, first warning from three bank and financial associations comes out, followed by the rumors about Chia. “It’s a scam project. It’s a Chinese team not USA company” etc. Then more and more government banning papers issued. The price of XCH follows the general crypto currency dropped down and ROI extended over 1 year, 2 years. Game over.

Government Warning

Now in China, few want to talk about Chia. Speculators have new hot points like Swarm Bzz, Pha, Polar SGB etc. I did more research on Chia than before. And I believe Chia could be a very successful blockchain and develop it’s own ecology system. Compare to western Chia farmers, the “famers” in China are actually speculator. Their only target is how long and how much to be super rich. They talked like experts with many terminology they don’t really understand and have blind faith to big KOL.

But, China is a big market where no one can ignore. There is a very clear divide line between the crypto speculators and people don’t know Chia yet. China government banned BTC not only for high power-consuming but also clear site for Digital RMB. BTC mining pools have to move outside country but lower consuming mining pools like ETH are separated into small parts and moved to office building or even family.

As a green currency, it’s the Chia time in China. I am planning to set up an OP chia pool. But not same as western style, I will sell family farms as a family asset allocation. Compare to traditional funds, insurance investment, ARR of Chia is over 20%, even count at the low price now. To do this, we need more education in community and call more technical teams to develop applications by Chialisp.

Editors note: This fascinates me personally, about how the Chinese speculators seem to be a lot more pragmatic about which projects they support, moving from Chia as the profitability drops, but also all being part of what is basically a get-rich-quick scheme. I think this ties in pretty well with what I have been saying about netspace recently.

Related

Leave a Reply Cancel reply

Advertisement

Recent Posts

  • Crypto is burning down – Chia seems fine
  • Chia CAT upgrade fiasco part 2 – Was I wrong?
  • WTF just happened?? CAT1 to CAT2 “upgrade”
  • The era of the Chia NFT is upon us
  • Chia Blockchain 1.4.0 released – NFTs and DIDs oh my
  • Discussion
  • Facts About Farmers
  • How-To
  • Information
  • News
  • pools
  • Security
  • Trademark
  • Trading
  • Uncategorized

Dark Mode Switch

©2021 The Chia Plot - Donate XCH / MRMT / SBX @ xch1p4440d6zwu9ryta2vx073lq2ge3s29d37kskz6t34jp085e8srjqnk0gcr
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-advertisement1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
JSESSIONIDsessionUsed by sites written in JSP. General purpose platform session cookies that are used to maintain users' state across page requests.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
CookieDurationDescription
na_id1 year 1 monthThis cookie is set by Addthis.com to enable sharing of links on social media platforms like Facebook and Twitter
na_rn1 monthThis cookie is used to recognize the visitor upon re-entry. This cookie allows to collect information on user behaviour and allows sharing function provided by Addthis.com
na_sc_e1 monthThis cookie is used to recognize the visitor upon re-entry. This cookie allows to collect information on user behaviour and allows sharing function provided by Addthis.com
na_sr1 monthThis cookie is set by Addthis.com. This cookie is used for sharing of links on social media platforms.
na_srp1 minuteThis cookie is used to recognize the visitor upon re-entry. This cookie allows to collect information on user behaviour and allows sharing function provided by Addthis.com
na_tc1 year 1 monthThis cookie is set by the provider Addthis. This cookie is used for social media sharing tracking service.
ouid1 year 1 monthThe cookie is set by Addthis which enables the content of the website to be shared across different networking and social sharing websites.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
d3 monthsThis cookie tracks anonymous information on how visitors use the website.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
__gads1 year 24 daysThis cookie is set by Google and stored under the name dounleclick.com. This cookie is used to track how many times users see a particular advert which helps in measuring the success of the campaign and calculate the revenue generated by the campaign. These cookies can only be read from the domain that it is set on so it will not track any data while browsing through another sites.
_ga2 yearsThis cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
_gat_gtag_UA_199099757_11 minuteThis cookie is set by Google and is used to distinguish users.
_gid1 dayThis cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
CONSENT16 years 4 months 5 daysThese cookies are set via embedded youtube-videos. They register anonymous statistical data on for example how many times the video is displayed and what settings are used for playback.No sensitive data is collected unless you log in to your google account, in that case your choices are linked with your account, for example if you click “like” on a video.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
advanced_ads_browser_width1 monthThis cookie is set by Advanced ads plugin.This cookie is used to measure and store the user browser width for adverts.
anj3 monthsNo description available.
CMID1 yearThe cookie is set by CasaleMedia. The cookie is used to collect information about the usage behavior for targeted advertising.
CMPRO3 monthsThis cookie is set by Casalemedia and is used for targeted advertisement purposes.
CMPS3 monthsThis cookie is set by Casalemedia and is used for targeted advertisement purposes.
CMRUM31 yearThis cookie is set by Casalemedia and is used for targeted advertisement purposes.
CMST1 dayThe cookie is set by CasaleMedia. The cookie is used to collect information about the usage behavior for targeted advertising.
DSID1 hourThis cookie is setup by doubleclick.net. This cookie is used by Google to make advertising more engaging to users and are stored under doubleclick.net. It contains an encrypted unique ID.
i1 yearThe purpose of the cookie is not known yet.
IDE1 year 24 daysUsed by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
KADUSERCOOKIE3 monthsThe cookie is set by pubmatic.com for identifying the visitors' website or device from which they visit PubMatic's partners' website.
KTPCACOOKIE1 dayThis cookie is set by pubmatic.com for the purpose of checking if third-party cookies are enabled on the user's website.
mc1 year 1 monthThis cookie is associated with Quantserve to track anonymously how a user interact with the website.
test_cookie15 minutesThis cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
uid1 year 1 monthThis cookie is used to measure the number and behavior of the visitors to the website anonymously. The data includes the number of visits, average duration of the visit on the website, pages visited, etc. for the purpose of better understanding user preferences for targeted advertisments.
uuid3 monthsTo optimize ad relevance by collecting visitor data from multiple websites such as what pages have been loaded.
uuid23 monthsThis cookies is set by AppNexus. The cookies stores information that helps in distinguishing between devices and browsers. This information us used to select advertisements served by the platform and assess the performance of the advertisement and attribute payment for those advertisements.
VISITOR_INFO1_LIVE5 months 27 daysThis cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
YSCsessionThis cookies is set by Youtube and is used to track the views of embedded videos.
yt-remote-connected-devicesneverThese cookies are set via embedded youtube-videos.
yt-remote-device-idneverThese cookies are set via embedded youtube-videos.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
__gpi1 year 24 daysNo description
adImpCountpastNo description
C3UID5 yearsNo description available.
C3UID-9245 yearsNo description
fc5 months 27 daysNo description available.
pfpastNo description
pxs5 months 27 daysNo description available.
SAVE & ACCEPT
Powered by CookieYes Logo