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

Why I am no longer farming Chia forks

Posted on August 1, 2021August 1, 2021 by Chris Dupres

Its true. I have stopped farming Chia forks entirely. I don’t have anything against them in principle, and I am actually still quite a big fan of Flax and their community. I am also rooting for a number of them to succeed because I think the developers are good folks. But that doesn’t change the reality that it is no longer viable for me to help secure their blockchains.

Why? Because of NFT plots. Yesterday I deleted my last 10 OG plots and replaced them with NFT plots for Chia pooled farming on the on-chain protocol. I don’t want to say which pool I am farming with, but I can say I am very happy with the decision. I have even farmed a block with my NFT plots for the pool I am with and collected the 0.25XCH farmer reward.

Because of my subjective experience here I have no problem recommending to new Chia farmers that they exclusively farm NFT plots and join one of the many excellent Chia pools. But once you have done that your only option for fork farming is to forgo the 7/8 of the block reward that goes to the Pool address. This makes it not worth it. Except for Tad, which has a unique solution to this issue. I think their solution is a bit of a dead end long term, but at least its something and if I had to recommend one for NFT farmers right now to check out it would be them.

This is my challenge I am putting out to fork developers: you have to solve this problem cross chain. You have to be able to read NFT plots off the Chia blockchain and develop a mechanism to farm those plots fully featured. It should be possible, it will just require some custom development that cannot be forked from Chia Network projects. I personally think you all need to work together on this or the spoils will go to whomever solves this problem. If anyone reading this is a fan of one of the Chia fork projects I think you should reach out to the developers and suggest that to them.

Something needs to be done here or the entire ecosystem will suffer.

Related

8 thoughts on “Why I am no longer farming Chia forks”

  1. Qwinn says:
    August 1, 2021 at 10:35 am

    IMO the “benefits” of pooling were arguable before the forks became excluded. Pay a ~1% fee just to smooth out gains? I am a patient fellow and saw no reason to give up even a measly 1% just for insurance against bad luck that also eliminates the possibility of good luck.

    But now, on top of that 1% fee, I lose out on being able to farm whatever fork I wish? That’s much much much too high a price to pay for the “advantages” of pooling for me. I’ll stick with solo farming and farm all the forks I please.

    Reply
    1. Chris Dupres says:
      August 1, 2021 at 10:43 am

      I like that perspective. I dont disagree with the math. Technically I’m way behind right now because i contributed a pool reward to the pool. That said at my farm size (450 plots) i am VERY subject to wild swings in luck so thats where my decision came from, even though so far luck has swung my way.
      How big is your farm?

      Reply
  2. Qwinn says:
    August 1, 2021 at 10:49 am

    4424 plots. 17 day ETW (and currently 27 days since my last hit, but I hit 3 times before that well below my ETW, so I’m still lucky).. I totally get that it’s emotionally much harder to rely on luck when your ETW goes out to more than a few months, I really do. But mathematically it makes no difference, only emotionally.

    Reply
  3. Björn Müller says:
    August 3, 2021 at 7:30 am

    Although i basically agree, well I’m a despicable know-it-all when it comes to math 😂
    It does make a difference if we assume a stable coin price (or a user that wants to hold anyway) and a rising network space. When within the etw the network growth on average is more than 2 percent you will loose more money than you would loose with the 1 percent fee in the pool.
    Anyway: I’m a player. I hope for luck (farm size 1654 plots)

    Reply
    1. Chris Dupres says:
      August 3, 2021 at 7:32 am

      Thats a really good point actually. And if you get lucky early the rising netspace makes the fee worse (since you’re basically getting paid out of your own block for some time)

      Reply
    2. illumina23 says:
      August 4, 2021 at 8:56 pm

      You’re wrong. The pool takes their fee and reduces variance and all else is equal. Whatever happens with market prices or netspace has no bearing.

      Reply
  4. White rabbit says:
    March 22, 2022 at 9:22 am

    market.posat.io is a scam site!
    My 200 coins were not reflected, they all showed as 0 and disappeared…

    I knew it was a scam!

    Reply
  5. White rabbit says:
    March 22, 2022 at 9:28 am

    Possible Russian site http://www.forks.green also lost a lot of coins because I couldn’t log in…

    It’s risky to go where you can’t trust…

    Reply

Leave a Reply Cancel reply

Advertisement

Recent Posts

  • Chia Network details plans for Non Fungible Tokens (NFT)
  • Chia Blockchain 1.3.5 released – Python 3.10 support included
  • Twitter TMA Thursday at 3pm EST – Tell Me Anything
  • Going through some things – an update
  • Chia introduces new dashboard site
  • 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