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World's Colliding: XCH Token Soars 12% After Chia Signals Interest in Going Public - Decrypt
Where to swap crypto currencies?
Crypto.com is falsely claiming custody of some tokens like XCH
Carbon Opportunity Fund to discuss their use of blockchain to create a carbon credits market to fund nature-based projects.
Me and my friend built our own crypto token and play to earn game in the evenings! 😎
withdrawl of xch to paypal/bank account at minimal fees from OKX
The truth about the POW, POS and specific concensous mechanisms such as POH
New to Trezor Suite, what does this transaction mean?
What was your biggest Crypto rage moment?
Where are you guys finding information about new/emerging projects?
Best of 7,700 crypto projects by Github development activity
Chia just released native peer-to-peer trading and here's why this is a big deal for crypto
What was your biggest crypto rage moment?
Mentions
What do you think about XCH? They are trying to do this, instead of paying miners with inflation, they are paying storage holders… I’m not smart on this topic, but you seem to be. What’s your take?
Well if you want low market cap solid projects many with big money players partnered and/or invested in them, check in to many of them. Myself XCH, ONDO, XCN are all solid plays that are early entry positions and backed by companies like Visa, Mastercard, Blackrock.. They are not partnering and investing without connections to make them have a solid go.
Alt season will happen, XCH will dominate in gains % wise. The prophecy shall be fulfilled. Cats under the stars bro. Remind me in 6 months to a yearish.
I did a lot of research on XCH, and used to own it. Never thought of it as BTC + ETH though 🤔
You didn't seriously mention L1s and not put Chia XCH at the top? BTC + ETH = XCH
My bag is chia ($XCH). Maybe you want to help to be my exit liquidity. Thank you for your generosity.
and Bhutan is using Chia (XCH) Blockchain for carbon trading. Few...
I ~~mined~~ farmed 6 XCH when it was new, sold half of them at $800 each, still keeping the other 3. That pump to $33 has to do way more than that :D
XCH Chia what a promising waste
This is a time when no one knows if the market will go up or down, if it goes down, coins like kaspa will probably fall 9x %, if you need examples, I can name 2 declared coins mining using equipment with a new algorithm, which has been making waves for a while and has been dumped, which are XCH and RTM.
Chia XCH, Zcash ZEC, Monero XMR
I'd suggest something more secure than ethereum, more scalable and more energy efficient than Bitcoin. Take a look at Chia XCH $XCH.
Imo all of them do the same thing. Hedera might be better. Idk. They all promise the world tbh. The only one I truly believe in is Chia (XCH). PoST, proof of space and time. They are the most unique project.
BTC, ETH, XCH and stable coins.
XCH is p2p, but no one seems to really care.
XCH. Chia. 1st halving in 1 month, 1 month before the next BTC halving. Buy XCH. Chia is the move.
HNT - Mobile Network CKB - My hopes and dreams XCH - Something Different RXD - Just a great coin And.... Some AI coin, it's got the hype
Not sure what you were farming, but if that was your experience, it wasn't Chia (XCH). There is nothing rigged in the way pools work and tens of thousands of people have been farming it for years without even a hint that anything is rigged.
How many times do we have to say it, Chia (XCH) is the most decentralized blockchain out there, \~96,000 nodes at the time of this post. You can farm (mine) on nearly any computer built in the last 20 years, there are people running 100TB farms on raspberry pi 4... https://dashboard.chia.net/d/em15uQ47k/peer-info?orgId=1
DOT ATOM APTOS OP XCH ROSE Check out those alts with huge potential
I only have 5 chia XCH can I be classed as being in the same boat?
MEXC - one of the few non-KYC that I can deposit the XCH (chia) that I mine
Mining a Chia block (XCH) when the chain first launched and the two coins shot to to around $1500 each. Then rolled out all into ETH near ATH … sigh
They are adding XCH. Chia to the party late 🤣
tldr; Chia Network, a blockchain platform, has laid off a third of its staff due to the loss of its banking partner, Credit Suisse, which caused a delay in its plans to go public. The company has secured a new banking relationship but is uncertain about the length of time it will take for the Securities and Exchange Commission (SEC) to review its request. Chia Network had filed with the SEC five months ago to start the process of going public, but the collapse of Credit Suisse derailed its plans. The company is also considering selling some of its own token, XCH, as a backup source of funding. Despite the layoffs and reduced expenses, Chia Network faces an uncertain process with the SEC, which has been involved in legal battles with other crypto firms. The company has tried to meet the expectations of U.S. regulators while navigating the challenges faced by the crypto industry. The SEC's potential shutdown due to a congressional impasse over the U.S. budget could further delay Chia Network's filing. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Chia XCH has 3 times more active nodes than all three combined.
Yes, I am still running a farm (\~640 TiBe), nets me about .18 XCH/day and a block win about every 10 days. I am optimistic, still the most decentralized network (by a wide margin), has a vested corporate entity behind it, and the tech is supposed to be the best (admittedly, a lot of this part is over my head, but people I trust are able to eloquently explain it). If we don't have a laserdisc scenario, I foresee chia blockchain adoption becoming big. Understand, I am confident in the blockchain, trusting the coin price will rise as adoption does, not looking for a flash-in-the-pan/hype-train. We don't say "wen lambo" Obviously, current exchange rate between XCH and USD isn't great (but show me a coin where it is).
They are mining Filecoin (FIL) and Chia (XCH) with storage from dropbox i imagine...mining Chia requires a minimum of a few terabytes of storage to have good chances of success, while for Filecoin, the storage requirement depends on the current network demand, and mining becomes more likely with higher storage capacity.
This is how they exploited it. You can mount your cloud storage as a local disk, like your system hard drive. So, they mounted the cloud drive as a local drive and stored those XCH files to Dropbox and ran it. If it finds a plot, you get XCH as a reward. You can use this site to calculate rewards per TB/GB: https://chiacalculator.com. Even if you have 100TB of plots, that’s $28.97/month in profit. So, it’s a useless idea to do unless you have free electricity and write storage for creating new plots. Note that at the hype time XCH reached above $1000 and it dipped crazy in several days.
Perhaps they are mining Chia (XCH) and using the unlimited storage to store their plots?
I agree, and ALGO isn't my only bag. I also hold BTC, ETH, XMR, XLM, XCH, and ATOM. BTC, ETH, XMR, and ALGO are my top 4 and their current fiat values are more or less equal. I use ALGO daily and XMR a few times per month. BTC and ETH I just HODL, I'd love to go into DeFi on ETH but the fees are ridiculous.
There was a lot of hype when it first launched (not pushed by the developers, they never even talk about the price). This isn't a blockchain where most of us farmers are waiting for the price of XCH to moon (we wouldn't be upset if it did), most of us believe farms will serve as a source of supplementary income from the occasional block hit, pool payouts, and fees the farmer who hit the block receives. How to identify a pre-farm address? I guess not technically, they may have mentioned it somewhere before or have them published somewhere, not sure. I just know those first four accounts on the xchscan top-accounts section add up to 21M XCH which is what the pre-farm amount is. The CEO (Gene Hoffman) and other employees regularly respond to questions on discord, if you can't find an official answer, you could always ask there. It does take money for development. The Chia Network (the company that developed the blockchain) had a round of fund raising with VCs a couple of years ago where they received $69M. In addition to this, The Chia Network recently (April of this year) submitted a confidential draft registration with the SEC as part of their plan to go public with an IPO. The key thing to understand about The Chia Network (company) is their business model doesn't have anything directly to do with the value of XCH. Rather, The Chia Network is trying to increase adoption of the blockchain (by building the best blockchain and "marketing" it to companies and countries) so that when demand for blockchain application developers kicks-in, The Chia Network is there to sell THAT service.
[https://xchscan.com/top-accounts](https://xchscan.com/top-accounts) First four rows. Looks like some weirdos are actually sending XCH to the addresses, but nothing has been xfered out. If you read this ([https://www.chia.net/2022/10/29/a-new-home-for-the-prefarm/](https://www.chia.net/2022/10/29/a-new-home-for-the-prefarm/)) article, you will also see there is a 90-day window between when a transaction is initiated to when it can complete. So we can all see if they are planning to do anything.
Chia's prefarm has never been tapped into in any way. The leadership team at The Chia Network has worked very closely with regulators since before the Chia blockchain was even launched to ensure XCH's compliance with securities laws; therefore, ensuring XCH will not be classified as a security. The cut and dry here is if the blockchain developers sold (or promised) coins in order to raise money for the blockchain's development it's a security.
The coin I am most invested in is Chia (XCH). I hope to accumulate through farming for the next decade plus. I hope to sell about 50% of my holdings after the second halving in 2027 as a long-term capital gain that I can apply toward my mortgage and any other debts. I will then hold the remainder in a mix of vaults and DeFi yield opportunities until my children need help with their advanced education.
I don’t think XRP’s legal headaches are over. I really expect even more coins to have trouble. In my opinion, the SEC is going to relentlessly hound coins that are not PoW, and other agencies like the EPA are going to hound PoW. BTC and XCH are the only two I think can walk the tight-rope effectively. BTC is wasteful, but at least it has #1 market position. XCH found an entirely different but also appealing way to thread the needle.
XCH which is outside top 100 because of the tech and Bram 😊
80 % real estate 19% stocks 1% crypto (predominantly XCH)
You can suggest anything you want, but this is pretty cut and dry and in line with the SEC's logic on what dictates a security (it helps that The Chia Network met with regulators before launching, you know, like intelligent business people rather than "Crypto Bros" looking to make a buck). The Chia Network has never derived one cent from the sale of XCH; therefore, not a security, period.
Chia (XCH) fails the first point of the Howey test because it never sold XCH. It is mined (or farmed in Chia parlance), and although they have a pre-mine, it is still on Chia's possession. The Howey test consists of four parts. Since XCH was never sold by Chia Network, it cannot that definition, be a security. 1) An investment of money 2) In a common enterprise 3) A reasonable expectation of profit 4) Derived from the efforts of others
Chia (XCH) was criticised even before the SEC started sharpening their knives for refusing to influencer promote or pay listing fees. Has not sold a single token out of their admittedly massive pre-farm. Supposedly fails the Howey test and likely the be classified as a commodity like BTC.
Well apart from chia XCH who are currently in the process of an IPO and have worked with the SEC from day 1
In no particular order, DERO, XCH, XYM, GBYTE. There are specific reasons why each of these have prospects, and I would allow that getting all the way back to ATH might be improbable in some cases, where the early distribution collapsed the price. But I think they could do well in the bull regardless.
I know this post is oldish, but it doesn't look like Chia (XCH) was mentioned. Chia isn't popular on this sub (what is, other than BTC, ETH, and for some stupid fucking reason Moons), but if you have empty hard drive space and are already running your computer, it would be really hard for Chia to NOT be profitable. I won't get into the project itself (which is really awesome), but only because you asked purely about profitability. If you want to know more, head over to chia.net.
Bought BTC because it's the daddy and Mined XCH because I had the equipment.
$XCH if Chia Network has an IPO
Chia XCH submitted IPO and have world bank on board along with halving same time as Bitcoin
Chia Network / XCH Most undervalued project by far
Chia XCH and I’m still hanging in there. Some good progress in 2 years
chia XCH is the way to go sir. just gotta long
It's because the farmer (miner) dedicated the space (\~109 GB/plot) to store plot files. The plot file is useless data in the sense that it doesn't contain any kind of information that anyone/thing cares about. Think of it like an insanely massive Excel spreadsheet (or we often refer to them as bingo cards) where each cell contains a random number. When it's time to validate a block, if your spreadsheet contains the number that most closely matches the one being looked for, you win! Yay, BINGO! Now you get your 2 XCH payout (or 0.25 XCH if you're pooling) plus any fees that may have been in that block. You can also think of the plot files like stored, potential energy. We have to do something akin to PoW when we create the plot file, but then that file is stored indefinitely, which is one of the reasons it's greener than PoW which does the work, but then immediately throws out the results only to do all of the work over again...forever. Yeah, I use more than average energy to create that plot file, but once my hard drives are full and I am farming (which is what you're doing 99.99999% of the time), your computer is essentially just sitting idle.
>Block approval in PoW is...interesting because it is more fair to everyone as GPU mining(or even Proof of Space and Time using disk space like in Chia) requires much less than 32ETH. However, again, those with the fattest wallets get to approve the most transactions Are you saying this because if someone wants to, they can invest a significant amount of FIAT to buy a large mining operation thereby increasing their hash and hitting blocks more often than people with smaller operations/lower hash? If that's your argument/concern, I am not sure how you expect it could be different...everyone is allowed only one ASIC? I would think BTC and/or XCH are about as level a playing field as you're going to get (admittedly though, I was one of those people that said "what could the internet ever be good for?"). At least if we both decide to invest $2,000 to start a mining/farming operation, we can invest time and effort into optimizing it to try and beat out the other person. With PoS, it's just mindless setting aside of money (and lots of it). The one and only way to gain a competitive advantage is to allocate more money. Not sure where I was going with this, feel free to ignore my rambling.
Take a look at XCH (Chia) Its very similar to bitcoin minus the POW and uses a low power Proof of Space and Time (HDD mining) Very high hopes for the future and utilization. It has its negatives (not as decentralized as I would like) however it is pretty neat
Really poor investigated article. XCH does not reduce the lifespan of hard drives while farming towards 40 days. It reduced the SSD lifespan while plotting at the beginning but since you can plot in RAM that's not a problem anymore.
This is the first time I'm learning about XCH. A project I would add in this list is Weaver Labs (ADE), they allow network providers to leverage existing public assets to deploy small antennas to expand their network instead of building new infrastructure. This is important to achieving net zero emissions and reducing environmental impact.
Please don't lump Chia in with Filecoin, they are not the same concept, at all. Regarding Chia's (XCH) return to ATH, yeah probably not any time soon (if ever), but that ATH was an insane speculation price that only happened at mainnet launch and wasn't touted by anyone that was involved with the project (The Chia Network).
Have to hijack here sry. Why did you include GRC which is super low cap but not [XCH ](https://www.chia.net/security/) which seamingly exceedes BTC in number of nodes.
I don't get what the problem is here. Been trading NFT's for Chia (XCH) and tokens (on the Chia blockchain) completely trustless with offer files for almost a year. You don't even have to involve a DEX for personal transactions. Just create the offer in your Chia wallet (select what you are offering and what you want), save the offer file, and send it to the other party. They then simply load the offer and accept it. This has zero counterparty risk. Chia would logically have been a better choice for both Moons and Reddit avatars. It's quite frankly ridiculous to read about these transaction "troubles" people find themselves in when there is a better solution out there😂
I think an added point that is often overlooked is that Chia Network (the company) is leveraging their extremely decentralized (I believe most decentralized in Crypto) network to go into various partnerships with organizations like the World Bank and their Carbon Credit registry. This effectively means that as long as the full node count stays high, Chia Network is not as beholden to the price of Chia (XCH) as other projects would be to the price of their Coin or Token. It is the network itself that is valuable to them as a company.
Electricity cost/day for Chia farm = $0.80 Revenue/day from Chia farm = \~0.15 XCH 0.15 XCH \* $35 (anecdotal average price over the last year) = $5.25 Tell me again about this "math" you're doing.
>I'm not going to be convinced by Chia or any other blockchains carbon credit and other data integrity projects until I start seeing reproducible comparative analysis of the error/fraud rates pre and post blockchain integration. That's fine, you do you, but I've got to be honest, you're kind of coming across like you just want to sit there and demand other people do all of your due diligence for you. I've never seen any Chia(XCH) supporters try to shill the blockchain or coin. We will occasionally jump into subs to say "hey look at this cool thing" or to correct misinformation, but you're treating this announcement like we're in here trying to sell you shares of a bridge project or elevator keys.
tldr; Chia (XCH) is the #140 ranked digital asset by market cap, with a total value of $315 million. The Chia network's native token XCH was trading for $40.62 a 9:00 am ET on Friday, before pumping 12% to hit a daily high of $45. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Wow, if you did even 2 minutes of research you would understand that The Chia Network has worked from the beginning to fail the Howey test. Chia(XCH) is one of the few (if not only) coins since bitcoin that will not be considered an unregistered security.
Their native token XCH ain't even bumping from this news; ***failed shill***
Chia (XCH) has all of this. Except for the path to decentralization...it's already the most decentralized.
Chia (XCH) was created by Bram Cohen, the guy that invented Bittorrent...
Chia (XCH) is new tech and a newish idea too. Im not putting a whole lot into it, but I can see it doing well in the future.
It isn’t. BTC, ETH, XCH
I can't speak to the other consensus protocols, but Chia (XCH) IS NOT "PoC", it is PoST (Proof of Space and Time). The only thing you're trusting a hard drive to "store" are the plots which are easily replaced in the event of a failed drive. Also, if you wouldn't trust a hard drive to store this, how do you even use computers? The community generally tries to use refurbished drives or drives headed to e-waste, so we're actually keeping a lot of drives OUT of landfills. Do your research before bashing a project.
Chia (XCH) is not a security and has been designed to be compliant since the very beginning. https://twitter.com/hoffmang/status/1630003402137833473?s=20
A lightweight Chia (XCH) farm will easily generate passive income.
I bought around 1 XCH when it was around 1K usd, i dont even know what the price is right now. But i dont mind that much since that money was profit from some other crypto.
Wow, good thing i mined a few XCH before the network exploded. Earn 6 Chia and sold them for \~$4.500 and all i spent was $700 for 6 HDD (already have a pc for plotting). Still farming even right now but won't add more plot / replot.
Built a XCH farming rig for $17,000 …. Current value of all XCH mined is $624
I use Coinbase mostly because it’s a fast way to on-ramp and off-ramp my fiat to crypto or vice versa. However, I am stuck using exchanges like KuCoin when I want to trade lesser known coins, like Chia (XCH). Is don’t ever leave crypto on an exchange though - I use it to exchange and immediately get out to self custody.
I’m buying XCH and keeping in on self custody. That’s a win for me
Yes, and that is healthy. You want the competition to encourage progress. I think that long run, Chia Network is real competition to Ethereum and here are a few reasons why: \- truly decentralized with over 120.000 full nodes running ([https://dashboard.chia.net/d/em15uQ47k/peer-info?orgId=1](https://dashboard.chia.net/d/em15uQ47k/peer-info?orgId=1)) \- a NC of 82 ([https://dashboard.chia.net/d/6S16D9AVk/nakamoto-coefficient?orgId=1](https://dashboard.chia.net/d/6S16D9AVk/nakamoto-coefficient?orgId=1)) compared with 1 for ETH (https://nakaflow.io/) \- atomic swap between XCH and BTC (no bridges, https://github.com/richardkiss/chiaswap) \- CAT standard [https://chialisp.com/cats/](https://chialisp.com/cats/) (equivalent to ERC-20 on Ethereum) \- NFT standard which guarantees onchain royalties \- DataLayer [https://www.chia.net/datalayer/](https://www.chia.net/datalayer/) \- peer-to-peer trading via offer files https://www.chia.net/offers/ \- NFT standard which guarantees on-chain royalties
I believe Chia (XCH) is a worthy competitor
Then you should love Chia (XCH). https://www.chia.net/security/#:\~:text=The%20Chia%20blockchain%20is%20one,to%20the%20network%20and%20users.
What's XCH, (sorry for my ignorance).
Here's a few that I know of: * Arweave (AR) * Chia (XCH) * Flux (FLUX) While not huge, these aren't exactly worthless projects, they all have quite a bit of community following in terms of mining/farming.