Fraud happens even with the largest ETH pools who have been around years much less tiny Chia startups that have no history.
Its farmer beware. And honestly if you choose your pool just to shave off that 1% fee that most others charge without any other research your getting what you likely deserve. Greed is good but too much will make you sick.
On any pool including us do your research do your own math and if your numbers don’t match the actual rewards you should be able to ask and find out why.
Also honestly pools that are legal companies in nations where there is a strong legal system are likely more trustworthy than pools that aren’t.
Website updated.
We’re making good progress with the pool. The latest changes, which allow pool switching, are being tested now on testnet. Our pool has been successfully producing payouts and we’ve tested different reward distribution methods. We are developing dashboards and user-facing interfaces now, with the idea that pooled mining could launch before the end of June.
Development has moved to testnet9. You can join our test pool there (updated instructions in the post above). If you do, please only make a few k25 plots, there’s no need for more.
It is now quite likely that the smart contract that governs official pooled mining won’t require more fixes, so you may start plotting with some degree of confidence (75% likely according to the Chia devs), at your own risk, so that you’re ready to have some netspace already plotted in time for launch.
Speaking of plotting, we recommend that you use the MadMax plotter (get the pool-puzzles branch for pool plots -they’ll eventually merge it with their main branch). It is faster and easier to use than default one, since it’s already parallelized and can output plots one by one. It can also take advantage of RAM disks (128GB min) and it doesn’t wear down SSDs as much.
That was fixed, it was just that it accepted hex bytes not the encoded address, now it does accept it. That pr is for the master branch, it’s already in the pool-puzzles branch, which is the one we should use.
Should we already plot to a singleton to https://pool.21chia.com ?
And, can these plots then go farming to mainnet already…? What would happen if one of them would get to make a block?
We have started the mainnet pool a few minutes ago, so yes, you can start using it. We’re working on the UI and dashboards at the moment so they’re not available yet -I expect that to be ready tomorrow morning. If someone were to farm a block, the pool will distribute the reward among those of you who are farming already, it’s fully working at this point.
We’re launching with 0% fee for the first 3! months, and 0% fee for life for those that farm with us in the first week! We’re still working on completing the dashboards but the pool is fully functional. More announcements to follow shortly.
Hi! At first we’re doing daily payouts but we’ll increase the frequency when we farm blocks regularly.
You can use the chia calculator to determine how much you’ll earn: https://chiacalculator.com/ given that we have 0% fee at this time, that’s an accurate representation of the average you can expect.
joined today, my calcs at this growth rate I see 2-3 days first win or earlier if luck, so you saying you paying out after any win? I like to believe the 0%, pool growing faster than others so hopefully it no joke. I plot 3 tb a day and gaining.