While pooling isn’t launched yet (it’s looking like at least May 2021, if not later in the year, that it will actually go live), I figured it would be interesting to start coordinating the ChiaForum.com pool here so we can hit the ground running when pooling officially launches.
Bram covers the basics of pooling here: Pools in Chia
Two big key points in the article:
- We’ll need to create new plots specifically for the pool (can’t repurpose old ones)
- This bit on rewards: “fixed block rewards are set to go 7/8 to the pool and 1/8 to the farmer”
The main advantage to pools is that it should, at scale, help smooth out reward frequency. We won’t necessarily be getting more rewards than plotting individually, but they should be coming in much more regularly. Given how much the network is expanding currently, it makes sense to try and build out a pool to try and more affordable keep up.
Now obviously a lot is unknown right now on the economic viability of the coin. We’ll see what transaction launch day brings. But regardless, I, and many others, are very bullish on this coin, so I’m committed to investing in it for a while.
And to kick it off, I’ll start by pledging ~48tb of plots to the ChiaForum.com pool when the option for pools becomes available. My current rig can plot about 0.9TiB a day, so in just over a month and a half I can get that all filled. Depending on how promising things look after transactions and pools launch, I’ll continue to invest into the pool over time.
Who’s with me?