In the latest entry into my All about Pools series here, I had a chance to get some insight into OpenChia, a pool whose value proposition in complete transparency. More than that, however, they launched their pool with a Reddit post insinuating that other pools cannot be trusted because their back-end code is not open…
Tag: chiapools
Are Chia Pools a profitable enterprise?
Edit: I originally published this article with a very boneheaded mistake at 10% fees instead of 1%. The situation is MUCH starker than originally laid out. This has been corrected. With the recent shut down of Pool Garden, and a very strange thread on ChiaForum.com about Chia pools fudging their numbers (doesn’t look like they…
Pool Garden Chia pool shuts its doors
Pool.Garden has announced via their discord that they will be shutting down their Chia pool. The announcement suggests that they had some back end issues cause a block win to revert, and some other problems. They also mention that the infrastructure costs outweigh the possible revenue they would get at their pool size and fee…
What is a “plot NFT” in Chia?
**Update** If you are looking for information on artistic NFTs on the Chia Blockchain this is a good starting point. You might hear the term “pool NFT” or “plot NFT” or “singleton” as it relates to pools in Chia. But what is an NFT in this context? Or any context. An NFT is a Non-Fungible…
FoxyPool is back up and crediting users with missing XCH collateral
After yesterday’s disaster, it appears FoxyPool has everything resolved and has credited people’s collateral. It appears that some users are talking about being slightly short, and some are saying they are slightly up. But all in all it does not appear that Felix (the face behind FoxyPool) has pulled any rugs here. I have to…
FoxyPool suffers failure, resets farmer balances
FoxyPool has suffered a server failure on their OG pool and farmers are seeing their collateral missing from the website. According to farmers in the Chia Plot discord server, they are seeing their balances reset to to about 5 days ago. This is fairly catastrophic for a pool that keeps up to 1.75 XCH as…
Update on the state of Chia Forks
These are dark days for the Chia Fork ecosystem, I think. The month leading up to the release of Chia 1.2.0 and the launch of the on-chain pools have been a huge swing for the Chia Forks from being full front-of-mind for a lot of Chia farmers to moving to the back, forgotten in the…
An argument for keeping your OG plots and not replotting
Yesterday I posted an article about an argument Flexpool was making in favour of everyone replotting and joining an on-chain pool. I still believe that is a good idea for the reasons listed out in that post, however there are some very good reasons why someone may not want to do that and we will…
Very detailed post on post-Proof of Work cryptocurrencies, including Chia
David Rosenthal has just posted an excellent writeup of the benefits and drawbacks to post-Proof of Work cryptocurrencies like Ethereum moving to Proof of Stake and Chia’s Proof of Space and Time. He really does nail the details I think, and its well worth a read if a realistic discussion on the pros and cons…
FlexPool puts out a call to action to secure the Chia blockchain network
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…
