How to Farm Chia Coin, Now With Pooling

How to Farm Chia
(Image credit: Tom's Hardware)

The Chia cryptocurrency started making waves in the storage industry in the early days, but diminishing returns and the lack of pooled farming were serious drawbacks. Now, arguably three months too late, pooling has finally arrived. We've overhauled our guide for how to get started, as well as our hardware recommendations. Spoiler alert: You probably shouldn't buy anything.

When Chia trading went live, it looked like the hot new commodity, but things have changed quite a bit in the past few months. The total netspace for Chia rapidly expanded from less than 1 exabyte when trading went live, and it now sits at over 32 EiB. The rapid scaling of May and June are now behind us, though pooling may change cause a resurgence. At least now it's possible to get something from Chia, even if you only have a few tens of terabytes, but with Chia well on its way to triple-digit EiB levels, don't expect much. In fact, BackBlaze went so far as to say Chia didn't make sense, even with the 'free' 150PB of untapped storage the company currently has.

But don't let that stop you! If you're looking to join the latest crypto-bandwagon, here's how to get started farming Chia coin, with the latest updates now in place. That means using the MadMax plotter to cut down on plotting times, along with how to get started with a chia Pool.

Chia Farming and Mining Basics

Jarred Walton
Senior Editor

Jarred Walton is a senior editor at Tom's Hardware focusing on everything GPU. He has been working as a tech journalist since 2004, writing for AnandTech, Maximum PC, and PC Gamer. From the first S3 Virge '3D decelerators' to today's GPUs, Jarred keeps up with all the latest graphics trends and is the one to ask about game performance.

  • v2millennium
    Plotting is also CPU demanding and slow CPU will be a bottleneck.
    It takes 6 hours to create 1 plot on my 4770K using a SATA SSD, and only 4 hours on 5900x using the same SSD.
    Reply
  • R_1
    Just change the name to Toms Mining.
    mining mining mining all the time.
    no hard drive no problem we will add to the fire, that GPU is 1200 bucks because we fanned the flames of electricity burning fake <Mod Edit> money.

    <Mod Edit>
    Reply
  • BX4096
    Cryptocurrencies are beginning to look more and more like viruses of the old days. Wasteful, useless, and detrimental to society on the whole.

    I also agree that Tom's Hardware pays too much attention to this crap, particularly on the focus of promoting it rather than denouncing it for what it is.
    Reply
  • TRBob
    v2millennium said:
    Plotting is also CPU demanding and slow CPU will be a bottleneck.
    It takes 6 hours to create 1 plot on my 4770K using a SATA SSD, and only 4 hours on 5900x using the same SSD.
    Good point, I'm confused as to how a Raspberry Pi could be used to mine given the CPU and RAM recommendations in the article.
    Reply
  • JarredWaltonGPU
    TRBob said:
    Good point, I'm confused as to how a Raspberry Pi could be used to mine given the CPU and RAM recommendations in the article.
    RPi isn't used to plot, it's used to farm. Once the plots are created, there's almost zero CPU load required to keep them online.
    Reply
  • JarredWaltonGPU
    R_1 said:
    Just change the name to Toms Mining.
    mining mining mining all the time.
    no hard drive no problem we will add to the fire, that GPU is 1200 bucks because we fanned the flames of electricity burning fake <Mod Edit> money.

    <Mod Edit>
    We're hardware enthusiasts, and were one of the first to report on Bitcoin hashing back in the day. lf you actually think we have enough power to push Bitcoin to $57,000+, or Ethereum to $3,500+, well... you're delusional. People all over the world are capable of figuring this stuff out. Our job, as a site, is to report on interesting things happening in the hardware space, and to generate a profit for the company. (Because without a profit, we're out of jobs.) I don't have hard numbers, but I can absolutely guarantee you these articles about mining are helping to pay the bills. If we don't write this article, it won't matter: Other sites will.

    Plus, Chinese Chia farmers have been going nuts over this for over a month. How many of those read about it on TomsHardware first? Answer: None. We heard about them and reported on it. Now we're writing a How To guide of sorts for our readers, pointing out what's likely to happen. Very likely when — not if! — there's a massive storage shortage that equals what we've seen in the GPU space, this is why. If you've already got a few empty HDDs sitting around, it's probably worth a shot. Don't bet the farm on hardware, pools would be super helpful, and feel free to abstain as well. But I'd rather people start farming Chia with storage than using GPUs for Ethereum, mostly because I'm selfish and I want the miners to get off my GPU lawn and go somewhere else.

    I won't pretend to have all the answers to why people think crypto coins are worth something, though I will also say that if you look at regular currencies like USD or EUR, it can be just as "fake" as a crypto coin. Faith or belief in these monetary systems is what appears to keep them going, and over $2 trillion has gone into the crypto world now. ¯\(ツ)/¯
    Reply
  • TRBob
    JarredWaltonGPU said:
    RPi isn't used to plot, it's used to farm. Once the plots are created, there's almost zero CPU load required to keep them online.
    Thank you Jarred, on the second read through after some time in between to digest, it's making more sense.
    Reply
  • spongiemaster
    Until/if there are mining pools for Chia, this isn't going to be worth it for most people even at this early stage. To fly solo, you're looking at a bare minimum of about 55TiB to make this worth while. If you don't have that storage available now, you're looking at a bare minimum of $1638 up front, just for 6 10TB drives (which equals 54.5TiB) and that price is continuing to climb rapidly. If you start plotting today with the 6x system in the article, it will take 30 days to fill those drives, so you're probably not going to see any wins for at least the first 3 weeks.

    As for the profits, the numbers in this article are accurate as calculated but worthless as they don't account for the growth of the overall storage pool which is 100% guaranteed to continue. Try using chiacalculator and you'll see how big of a difference adjusting for growth makes. When entering storage amounts you must convert TB to TiB to get an accurate calculation. As mentioned about, six 10TB drives is equivalent to 54.5TiB. That's almost a 10% drop in perceived capacity.

    Under the results heading there is a simple and advanced option. Simple is what this article uses, advanced tries to incorporate network growth.

    Using the 54.5TiB as your pool the simplified results estimate $3390 a month or $20,340 over 6 months. If you switched to advanced, the estimate drops all the way to $6180 for six months, or barely over $1000 a month, and don't forget to subtract out $1638 for the drives from that. The estimate over those 6 months, is for 10 Chia coins or one every 18 days. This is if you have 551 plots today. If you need a month to get there, the numbers will drop significantly more.
    Reply
  • Chung Leong
    BX4096 said:
    Cryptocurrencies are beginning to look more and more like viruses of the old days. Wasteful, useless, and detrimental to society on the whole.

    Cryptocurrencies aren't useless. They're critical to the operation of the dark web. Entrepreneurs would have a far harder time selling narcotics or child porn without a mean to complete transactions in an untraceable manner.
    Reply
  • JarredWaltonGPU
    spongiemaster said:
    Until/if there are mining pools for Chia, this isn't going to be worth it for most people even at this early stage. To fly solo, you're looking at a bare minimum of about 55TiB to make this worth while. If you don't have that storage available now, you're looking at a bare minimum of $1638 up front, just for 6 10TB drives (which equals 54.5TiB) and that price is continuing to climb rapidly. If you start plotting today with the 6x system in the article, it will take 30 days to fill those drives, so you're probably not going to see any wins for at least the first 3 weeks.

    As for the profits, the numbers in this article are accurate as calculated but worthless as they don't account for the growth of the overall storage pool which is 100% guaranteed to continue. Try using chiacalculator and you'll see how big of a difference adjusting for growth makes. When entering storage amounts you must convert TB to TiB to get an accurate calculation. As mentioned about, six 10TB drives is equivalent to 54.5TiB. That's almost a 10% drop in perceived capacity.

    Under the results heading there is a simple and advanced option. Simple is what this article uses, advanced tries to incorporate network growth.

    Using the 54.5TiB as your pool the simplified results estimate $3390 a month or $20,340 over 6 months. If you switched to advanced, the estimate drops all the way to $6180 for six months, or barely over $1000 a month, and don't forget to subtract out $1638 for the drives from that. The estimate over those 6 months, is for 10 Chia coins or one every 18 days. This is if you have 551 plots today. If you need a month to get there, the numbers will drop significantly more.
    Mining pools are slated to arrive on May 17. As for the advanced mode, it's a complex question of how things will change. 15% per week increase in storage for 30 days, followed by 150 days of "stabilization" seems fine if you use the default settings. With six 10TB drives, you'd apparently end up with $8.22K and 7 XCH after six months. If you go with the higher performance machine, meanwhile, and just keep buying more HDDs as time goes on, you could potentially end up with $21K after six months. That would require $5000 or more of storage, though. And price could go up or down -- predicting that is basically pointless.

    Either way, it's still a hell of a lot better than trying to get in on Ethereum mining with GPUs, or Bitcoin via GPUs running NiceHash. The whole market could collapse as well, and leave you with a bunch of unused storage (or GPUs). That's the implicit risk with trying to mine or farm.
    Reply