The Plotting Factory - The leading chia plotting farm goes online
The Plotting Factory by Marbell launches its Chia plotting service. Bellow, we explain what Chia is, how farming works and why you should use TheChiaFactory to generate your Chia Plots. You can check our Chia Plotting Service and pricing here.
What is Chia currency?
Created by BitTorrent inventor Bram Cohen, Chia is described as green money for a digital world. The theory behind the cryptocurrency is that anyone sitting at home can download its technology, which like Bitcoin, enables decentralized payments, and run it on their computer using storage space.
What is Chia Cryptocurrency?
Cryptocurrency Chiacoin has pitched itself as a green alternative to compute-intensive currencies like Bitcoin, Ethereum, and Dogecoin. Instead of requiring computational power, it primarily requires proof-of-space in hard drives and SSDs to be mined.
How does Chia mining work?
Instead of the energy-draining proof of work process used by the likes of Bitcoin, chia uses what it calls "proof of space and time." The process uses unused storage space on hard drives as part of its method of verifying blockchain transactions. Instead of mining, chia calls its process "farming."
What is the difference between mining and farming?
Mining requires expensive single-use hardware that consumes exorbitant amounts of electricity. We are mitigating this problem through a fair, eco-friendly, and better blockchain that uses farming to leverage existing empty hard disk space distributed on nodes around the globe. Farming remains decentralized because anyone that has installed our software and has plots can win the next block. Mining requires expensive custom single-use hardware and access to electricity at wholesale or better prices, which only purpose-built corporations can afford to mine. Farming is more decentralized because it relies on empty hard disk space and anyone with a mobile phone, laptop, or corporate network tends to have extra space not currently being used. Unlike mining, once you’re done farming your storage, you can repurpose it to, for example, store your family photos.
Why do I want to farm Chia?
You can farm Chia on the unused storage of your laptop, desktop, or corporate network, and, in return, you have the chance to receive rewards in chia for helping secure the blockchain. Our software allows you to allocate a certain amount of unused disk space to create plots. Since the only resource intensive step is the initial plotting, once you download the Chia node software, your drives will be plotted in the background. Once plotting is complete, your computer will begin farming on your behalf, and the software does all the work and tracks your rewards for you. Ongoing farming uses very little network bandwidth and almost no resources other than storage. By making the farming process available to anyone with unused disk space, we are moving towards our goal of a truly decentralized blockchain that will also serve as a cross-subsidy to the storage and cloud industry.
What are Chia Plots?
In order to farm Chia you first need to create one or more "plots" which are files that take up space on your hard drive. The space that a plot uses is represented by the letter k. Creating plots takes a lot of time and CPU power. The bigger the k value the bigger the plot and the longer it takes to create. Once you have created a plot, there is no difference between one k and another other than the file size. You can move plots from one machine to another without any restrictions. Some people build dedicated plotting machines that are optimized to perform the plotting process quickly and then move the plots to a less powerful machine to perform the harvesting.
What is Chia farming or harvesting?
Once you have one or more plots you are ready to start harvesting them. Harvesting can be thought of like playing bingo. The plots are the bingo cards and the process of harvesting involves waiting for the number to be called out and checking the card to see if you have won. This is a trivial operation and uses a very small amount of electricity. You can very comfortably harvest from a Raspberry Pi. Most of the time a harvester will not find the required value in a plot, but when it does it gets something called a "proof of space" which proves that an amount of space was allocated to a plot. The proof of space is used to create an "unfinished" block which is propagated on the Chia network. The block will remain unfinished until it obtains a proof of time - this is where timelords come into play.
Why should I order chia plots at thechiafactory.com?
Plotting Chia requires a lot of CPU power and SSDs, ideally an enterprise NVMe SSD, and requires approx four times more space than farming. If you don't have the time and hardware resources to do the plots The Plotting Factory will do the work for you. Order as many Chia Plots you need and download them after the plotting is complete. You can check your download speed here. Check our most competitive chia plotting prices here.