Farming pool – FindChia
Farming pool – FindChia
The FindChia farming pool was created by a joint team of professional miners and developers of decentralized technologies, as one of the steps in the development of the Chia ecosystem (XCH). Supporting the production of the most environmentally friendly cryptocurrency will allow the company to start creating smart contracts and issuing tokens in the future, thanks to the launch of Chialisp. The implementation of this language on the Chia blockchain creates the potential for long-term growth in the XCH rate due to the emergence of a Dapps network with a non-standard Proof-of-Space + Proof-of-Time consensus.
Pool official website – https://findchia.com/
The FindChia pool was created at the beginning of the year on July 8, two months after the launch of the mainnet. Chia’s main network went live on March 19, 2021. The work of the innovative mainnet is based on block validation using Proof-of-Space. As conceived by the Chia developers, any hard drive owner can become a miner by allocating 101.4 GB sections on the hard drive, called “rafts”. The algorithm checks the rafts for real presence by means of continuous rewriting or “plotting”. The total capacity of the Chia network is determined in bytes distributed across the hard drives of the miners, which determines the probability of mining a block.
The picture below serves as a good example of why miners cannot do without the help of the FindChia pool. In the Chia network, they are called farmers because of the process of constantly rewriting or planting rafts (farming). In September, Chia’s network capacity reached 36 ex-bytes, according to blockchain data from the Chia explorer.
The growth of the network capacity multiplies the profitability of pharming, if the farmer does not buy additional hard drives, proportionally increasing his share of Proof-of-Space. The constancy of earnings without additional investment can only be ensured by a pool with a growing hash rate and the number of miner partners. FindChia overtook Chia’s network capacity growth by 50% in August, widening the gap in early September. The company was able to grow its customer base by providing farmers with zero lifetime commission.
FindChia’s current operating environment remains one of the best in the industry: Commission 1% without hidden charges and deductions Direct payments in cryptocurrency or fiat Farmers retain full control over the wallet (unlike other pools) Additional earnings under the referral program.
Two modes of operation with a pool
Working with the FindChia pool does not require mandatory registration of an account and opening a Personal Account. The peculiarity of Chia farming is the preliminary and mandatory full network node, which can be connected to the service via a link by registering the pool.findchia.com url in the wallet.
Registration of a Personal Account
The procedure for registering a Personal Account is quite simple. The user needs to provide an email address and come up with a password.
After confirmation of registration by clicking on the link in the letter received by mail, the following options will become available on the FindChia website: “Tools”, “Control Panel” and “Settings”. In the “Tools” section there is a built-in calculator for selecting the optimal hard disk size. The non-standard size of the rafts can lead to the fact that the space of your hard disk or ssd will be used only by half or a third. Below is an example of calculating disks for 2 TB and 10 TB, where in the latter case a significant advantage (73%) is seen when seeding 28 K32 rafts and 31 K33 rafts. Using the calculator, the farmer can determine in advance the type of field marking for future farming.
The pool dashboard shows the total farm size, payouts received, referrals and NFTs. The contribution and work of the miner in finding blocks can be seen in the Harvester section. Each raft connected to the pool is designated as a unique NFT token, the state and size of the sections of which is displayed in the corresponding section of the dashboard. Detailed conditions for the distribution of referral links can be found in the “Referral Programs” section. There is also a ready-made link for partners.
In the “Settings” section, the user has the option of issuing their own tokens on the Chia blockchain, setting up email notifications when the harvester’s connection with the pool fails, setting the “local time” and resetting the password.
Working with a pool without registration
Working with the FindChia pool will require ready-to-use hard drives for seeding rafts. Next, the farmer needs to download the latest Chia Blockchain client from Github or Chia’s official website. This is a full-fledged node with a wallet attached to it, so the farmer will have to wait for it to be fully synchronized with the network, which will take a decent amount of time.
As soon as the synchronization confirmation appeared, find the pool option in the left menu and run the Join Pool command. Select the “Connect to Pool” settings line, where write or paste the copied FindChia url.
Note that communication with the pool requires a dusty validation transaction with a negligible amount of XHC.
These funds can be obtained through the faucet.chia.net faucet to which a wallet with a zero balance is automatically connected after the connection with the pool has failed.
After replenishing the balance through the tap, complete the process of creating the NFT Plot. The pool will require an address to withdraw the earned funds. It’s in the Wallets section of the menu bar on the left.
The last step is adding rafts to the pool, which is available through the option of the left column of the menu – “Add parcels”. After clicking it in the Chia client program, add all the disks marked on the rafts.
Conclusion Chia is a relatively new cryptocurrency with undisclosed blockchain potential. It is definitely worth noting the innovativeness of the consensus and the ease of creating your own tokens. These features will guarantee the growth of investor interest, which will lead to an increase in network capacity and production without a pool will become impossible. Today, the main Chia pools are located in China, where any mining is outlawed by the authorities. FindChia has a European registration and Russian-speaking support. The pool’s hashrate graph indicates that the company has high development potential and a high reputation among miners