Chia cryptocurrency developer Bram Cohen urged miners to abandon unofficial pools and announced the creation of their own protocol by the end of May.
Update on Chia pooling protocol development: We’re working on the whole shebang: plotting, pooling, GUI, and testing end-to-end on testnet. Unfortunately it won’t be ready by this coming Monday, but it will be done before the end of this month.
— Bram Cohen (@bramcohen) May 14, 2021
Now miners are being united into pools that are not controlled by the Chia Network. The main one is considered to be the Chinese Hpool with a cumulative hashrate of 2.2 exabytes.
В Share Network warnedthat the client from Hpool is not developed based on the official protocol and could potentially contain malware.
Launch estimate update for chia pooling protocol: Currently the 17th of this month for both plot to pool and a pool prototype being out
— Bram Cohen (@bramcohen) May 6, 2021
The developers will submit the official code for the pools on the testnet by the end of May. It will support trustworthy low-fee pools that users can switch between.
To join the protocol, miners will need to create new, “transitional” areas (rafts).
“What people are doing now is damn unsafe and scary. If you’ve ever transferred your private keys to a pool, I suggest creating a new wallet, moving everything to it and waiting for our protocol to be released, ”wrote Bram Cohen, adding that not planning launching an official pool.
Recall that the Chia Network is based on the Proof-of-Space and Proof-of-Time consensus algorithms. [доказательства пространства и времени].
At the time of writing, the total amount of disk space occupied by the Chia cryptocurrency exceeds 6.8 exabytes. XCH price – $ 1321.
Earlier, The9 Ltd signed agreements to purchase Chia mining devices and lease cloud services for a total of more than $ 5.7 million. Upon completion of the deal, The9 will receive approximately 130 pebibytes of disk space.
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