On July 7, the developers of the Chia cryptocurrency unveiled official code for mining pools.
We are pleased to announce the release of version 1.2.0 which includes the official pooling protocol. @bramcohen on our pooling protocol — https://t.co/g1LRGhiH9J — Release notes and download — https://t.co/MemuElhaMS
— Chia Project (@chia_project) July 8, 2021
The 1.2.0 release is posted on GitHub. The company has also published a guide to using the new release.
The protocol supports trusted pools with low fees, allowing users to switch between them.
Due to high demand, developers prioritized portable pools over static ones. To participate in a pool, no guarantee deposits or minimum balances are required; a user can create plots and immediately receive payouts.
“With the portable protocol you can switch between pools and even return to solo mining whenever you wish. The worst a pool can do is deprive you of rewards, but it cannot stop you from leaving,” said Bram Cohen, the creator of the coin.
He added that the network is protected against a 51% attack:
“Even if a group of pools gains control of more than 51% of the network space, they will not be able to carry out an attack as long as a sufficient number of their farmers do not want to participate in it”.
Earlier-created plots cannot be used to join official pools. They will continue to mine solo.
The minimum size of a new plot is 109 GB. Because of the many temporary files, the Chia software writes about 1,370 GB of data to disk. Using SSDs for these purposes can quickly shorten their lifespan.
In May, Bram Cohen urged miners to abstain from unofficial pools. The project launched its own protocol on May 30, opening preregistration.
On June 10, Huobi Pool launched a beta version of a pool for Chia mining.
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