What is Chia coin?

Chia Coin is a new cryptocurrency based on an open-source blockchain technology. Unlike ‘Proof-of-Work’ cryptocurrencies like Bitcoin, Chia mining is based on the amount of hard-disk storage space devoted to it rather than processing power.

What is Chia mining?

Please discuss further on the talk page. (May 2021) ( Learn how and when to remove this template message) 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.

Should you build a Chia coin farm?

A final word of caution about building a big Chia coin farm here. Just because you've got a Chia farm up and running, don't expect massive rewards. We've gone over the numbers already, but the returns for 10TB of plots right now are averaging around $0.50 per day, and that's likely to drop.

Is Chia coin good for the environment?

The way chia coin is extracted is called farming, rather than mining. This gives the impression of something gentle, agricultural and good for the environment, compared to bitcoin’s reputation for being detrimental to the environment. But it isn’t necessarily a question of semantics.