Last days i’m in a dilemma towards chia, and after searching for some answers in forums/github, i still have some question unanswered, and here are some:
1. We all now one of the big advertisements of chia is for being green. But, is a fair coin? Is the coin distribution fair?
We know that even if you have 1000 plots, but if you unlucky you still have only a very small change to win, and can pass days, weeks or even months without a single win.
In my mind, this chance of not winning, scares me…a lot.
Compared with other coins, i know from the start if i invest xx amount of money, i know when my investment gonna be paid. But not for chia, if i invest money i don’t know when is gonna pay out, calculators only tells you the probability of time you can win, and that miss lead people, and gives them the illusion of winning.
This isn’t accurate information. The percentage of not winning is way greater than winning.
So, i still have this question unanswered, is chia a fair coin? is chia a coin to make “richer” even more richer?
And this question bring me more question, why should i go “greener” in a system that make richer even more richer?
Because we already know that small farmers don’t have a chance to prosper in chia.
And this statement bring me another big question
2.Are pools the only way for small farmers prosper in chia?
This bring me to my mind that small farmers have to stay united if they wanna prosper. But are pools the solution?
And now i might need a correction here:
Every minute, chia coins are rewarded to those that have eligible plots, and the winner is chosen out of 512 chosen.
A lottery that prizes who have more entry tickets.
And for this i ask, why aren`t farmers rewarded for the amount of space they provide to network.
if i have 0.007% of the network (200TiB), why we don’t win that amount of the 2 chia rewarded every minute directly from the network.
2 x 0.007% = 0.00014 XCH/minute
In my mind this a way fair distribution of prizes than a lottery.
and why add pools to equation? why put intermediaries in the middle to add fees in this simple equation?
and this are my two big questions at the moment. What you think guys?
edit: sorry about the mess in this statements, but this is how my mind is towards chia.