Learn how to make money from Chia coin | OrganicWeb (2024)

Chia is a relatively new cryptocurrency. You can either buy Chia coins (also termed XCH) or you can earn coins by farming Chia using your computer. In this post I’ll describe how you can easily farm Chia using your Microsoft Widows computer.

Learn how to make money from Chia coin | OrganicWeb (1)

What you need to farm Chia

You’ll need the following to be able to farm, and therefore earn, Chia coins.

  1. A Microsoft Windows computer with Internet connection and at least 341GiB free disc space (SSD drives are recommended due to their higher speeds).
  2. The Chia application installed (download and install from the official Chia download page). A wallet will be created for you as you install the application)
  3. Get free Mojo (equivalent to .000000001 XCH) from https://faucet.chia.net/ . You may need this for the next step.
  4. A Pool (which is a community of farmers that farm together). There are various listings of available pools. The pool you choose will give you an NFT which will look something like pool.example.com . Make a note of this NFT.

How to earn Chia coins

There are two things you need to do to earn Chia coins; add a plot and farm the plot. I go into further detail below.

How to add a Chia plot

Adding a Chia plot (also termed plotting) is a process whereby a file (called a plot) is generated by the Chia application. The final size of the plot is usually 104.1 GiB. To plot:

  1. Go into the Plots menu of the Chia application.
  2. Click Add a Plot to the top right of the screen.
  3. Select any defaults and choose any directory on your computer (you don’t need any advanced settings). In the Join a Pool section, click ADD NEW PLOT NFT , click Connect to pool and enter the NFT of your chosen pool.
  4. Click the CREATE button.

You will now see in the application that you are plotting. Plotting takes a long time; depending on the amount of RAM and whether you’re using an SSD drive it will take about eight hours at a minimum.

You can always add more plots should you choose to.

How to farm a Chia plot

Farming is where you earn money. We need to create a plot to be able to farm the plot. Once you’ve created a plot then you can click the Farm menu item in the Chia application. Here you’ll see various information such as Plot Count (the number of plots you’re farming) and Total Size of Plots (the disc space that you’re using for your plots). You’ll also notice Estimated Time to Win which, at the time of writing isn’t applicable if you’ve joined a pool (this time indicates how long it’s likely to take for you to win a coin if you don’t join a pool).

One thing to take notice of is the date column under Last Attempted Proof in the Farm menu item. The latest date and time should be within a few minutes of the date and time of your computer. If the date and time is a few hours delayed there is something wrong.

The first time you run the app with a plot, the app will need to sync. This can take from several hours to days to complete. It’s annoying but just one of those things 🙁

And now, whenever you are running the Chia application, you are farming; the Chia automatically farms whenever the application is running.

The more plots you have the greater your earnings will be. Congratulations, you are now a Chia farmer 🙂

Watch Gary in action

Gary frequently adds Mailchimp instructional videos to his YouTube channel. Subscribe to keep updated.

→ Subscribe ←

Add a survey (and answers) into a Mailchimp email.

Create high-converting buttons in Mailchimp.

Reader Interactions

Leave a ReplyCancel reply

You are here: Home / Internet / How to farm Chia at home (beginners guide)

Learn how to make money from Chia coin | OrganicWeb (2024)

FAQs

How to earn Chia coins? ›

Plot files are continuously scanned for valid proofs using a lightweight process through Chia's native app. Once proofs in the plot files are validated, a farmer creates a block to add to Chia's blockchain. You can get rewarded with XCH. Join a pool (farming community) for more frequent reward opportunities.

Is Chia crypto farming profitable? ›

Farming Chia can be very profitable, especially with larger hard drives. For example, an 8TB hard drive could earn you around $809 per month when the network is large, but this can change with market prices and network size.

How much is 1 Chia coin worth? ›

The Chia price is $20.13, a change of -1.46% over the past 24 hours as of 5:00 p.m. The recent price action in Chia left the Read more...

Is Chia coin a good investment? ›

Is it profitable to invest in Chia? Over the last 30 days, Chia had 16/30 (53%) green days. According to our historical data, it is currently not profitable to invest in Chia. The price of Chia decreased by -39.87% in the last 1 year, while the coin's 3-year performance is -89.00%.

Is Chia coin safe? ›

Unlike Proof of Stake blockchains, Chia is less susceptible to attacks or manipulations and avoids the issue of "the rich get richer" and centralization resulting from staking. Chia provides security comparable to Bitcoin along with the functional advantages of a smart coin environment operating on the blockchain.

What are the minimum requirements for chia farming? ›

The minimum spec is a Raspberry Pi4 with 4 GB of RAM for a CLI farm, or 8 GB for a GUI farm. (This guide will show you how to set up a GUI farm.) Many farmers choose a Pi because it consumes very little electricity. Plotting, on the other hand, is resource-intensive.

How much can you make with chia mining? ›

I was running the number average 10 tb makes around $3 a month at current price. And 10tb cost around $180 to get. You would have to do chia non stop for 5 years to break even that's not including halving.

What is the purpose of Chia coin? ›

Chia aims to address Proof of Stake (PoS) and PoW's shortcomings around centralization and electricity consumption by using a novel consensus mechanism called “Proof of Space and Time” (PoST). PoST intends to use less energy without compromising network security. This mechanism is a combination of two separate proofs.

What currency does Chia use? ›

Chia (XCH) and the US Dollar (USD) are two distinct forms of value storage and exchange, each with its unique characteristics. Chia, a layer 1 blockchain, operates on a proof-of-space-and-time (PoST) consensus mechanism, which aims to reduce energy consumption without sacrificing network security.

How does Chia coin mining work? ›

Chia is a cryptocurrency where mining (or farming, in Chia parlance) is based on the amount of hard disk storage space devoted to it rather than processing power as with proof of work cryptocurrencies such as Bitcoin. The platform was created by a California based company called Chia Network Inc.

What is the max supply of Chia coins? ›

XCH has a circulating supply of 10.72M coins and a max supply of 31.72M XCH.

How old is Chia cryptocurrency? ›

Chia was incorporated in August of 2017 to develop an improved blockchain and smart transaction platform. We are building the Chia Network to improve the global financial and payments systems. Chia is the first enterprise-grade digital money. Chia is using the first new Nakamoto consensus algorithm since Bitcoin.

Top Articles
Top States To Buy Real Estate In The New Decade
Expert Advice on How to Write Your First Blog Post
Using GPT for translation: How to get the best outcomes
Metra Union Pacific West Schedule
Caesars Rewards Loyalty Program Review [Previously Total Rewards]
Best Big Jumpshot 2K23
Practical Magic 123Movies
Rondale Moore Or Gabe Davis
How To Delete Bravodate Account
3472542504
Fairy Liquid Near Me
Dc Gas Login
Pac Man Deviantart
Char-Em Isd
Kiddle Encyclopedia
Swgoh Turn Meter Reduction Teams
Danforth's Port Jefferson
Skip The Games Fairbanks Alaska
Poe Str Stacking
Buying Cars from Craigslist: Tips for a Safe and Smart Purchase
Sadie Sink Reveals She Struggles With Imposter Syndrome
Naya Padkar Gujarati News Paper
Netwerk van %naam%, analyse van %nb_relaties% relaties
At 25 Years, Understanding The Longevity Of Craigslist
Panolian Batesville Ms Obituaries 2022
Paris Immobilier - craigslist
Movies - EPIC Theatres
4.231 Rounded To The Nearest Hundred
The Fabelmans Showtimes Near Baton Rouge
Missing 2023 Showtimes Near Grand Theatres - Bismarck
Salons Open Near Me Today
Lil Durk's Brother DThang Killed in Harvey, Illinois, ME Confirms
Wbli Playlist
What Time Does Walmart Auto Center Open
Haley Gifts :: Stardew Valley
Lucky Larry's Latina's
School Tool / School Tool Parent Portal
Waffle House Gift Card Cvs
Facebook Marketplace Marrero La
The 50 Best Albums of 2023
Regis Sectional Havertys
Raising Canes Franchise Cost
888-822-3743
Lyndie Irons And Pat Tenore
How I Passed the AZ-900 Microsoft Azure Fundamentals Exam
Craigslist Antique
Cleveland Save 25% - Lighthouse Immersive Studios | Buy Tickets
Greg Steube Height
Who uses the Fandom Wiki anymore?
Mmastreams.com
Nfsd Web Portal
Osrs Vorkath Combat Achievements
Latest Posts
Article information

Author: Pres. Carey Rath

Last Updated:

Views: 6128

Rating: 4 / 5 (41 voted)

Reviews: 88% of readers found this page helpful

Author information

Name: Pres. Carey Rath

Birthday: 1997-03-06

Address: 14955 Ledner Trail, East Rodrickfort, NE 85127-8369

Phone: +18682428114917

Job: National Technology Representative

Hobby: Sand art, Drama, Web surfing, Cycling, Brazilian jiu-jitsu, Leather crafting, Creative writing

Introduction: My name is Pres. Carey Rath, I am a faithful, funny, vast, joyous, lively, brave, glamorous person who loves writing and wants to share my knowledge and understanding with you.