XCHPool | Chia network related faq
Frequently Asked Questions
What are the benefits joining XCHPool?
For small chia farmers, it could take months to receive a single coin reward.
By Joining XCHPool you combine the power of a group of farmers and receive more rewards together!
Our fees are low, it is transparent and absolutely anonymous and on top of that we instantly pay out!
How big is your pool?
According to miningpoolstats we are among the top 10 worldwide.
Do you have statistics ?
Go to our website explorer.xchpool.org
You can see all the latest figures such as: recently Farmed Chia, our Pool Netspace and members
Do you have a Top 100 Farmers list?
How can I join your pool now?
Can I re-use my current plots for pooling?
No you can’t you need to re-plot your plots with the pooling feature
Is there a faster way to sync with mainnet?
- Yes. If you can use a more up-to-date .sqlite database file, this will expedite the process.
- User “Phelan Kell-Ward” periodically provides updated mainnet .sqlite DB updates. Additional sources may be available in the future.
How do I use a pre-existing .sqlite database file to reduce sync time?
The first step is to open Chia normally and sync for at least a few seconds to a minute.
1. Stop chia by closing the gui, or execute:
How do I connect to testnet on Windows?
1. Install the Chia software normally
2. Open PowerShell
3. Change -directory to the correct location
How do I connect to testnet on Linux?
I see less netspace in the xchpool explorer than I actually have?
The netspace is a calculation based on the proofs you send to the pool. sometimes you are lucky, and sometimes you are less lucky.
The space calculation is also based on a 24 hour rolling average, so if you
- have been down for a while in the last 24h
- just joined the pool
- still plotting so space increases over time
- then the space will looks less than it actually is.
Where can I ask my questions?
Join us on Discord
XCHPool fee & discounts
Does XCHPool take pool fee?
Is there a Size discount?
The larger your Chiafarm the higher your discount.
The following discounts will be applied on the XCHPool Fee:
- 0.05% > 100 TB
- 0.10% > 250 TB
- 0.15% > 500 TB
- 0.20% > 1 PB
Is there a discount for Loyal members?
Long term XCHPool members get a special discount
- 0.05% > 6 Months
- 0.10% > 12 Months
- 0.15% > 18 Months
How do payouts work?
Payout is based on a few factors. See below for the breakdown.
- The total payout is 2 XCH.
- This is divided by giving 0.25 XCH (+ transaction fees) to the pool member that provided the correct proof to the Chia network.
- The remaining 1.75 XCH is divided among the rest of the pool members equal to their pool share which is calculated in points.
- Points are acquired by sending proofs to the pool server, based on three factors: difficulty of the proof, and uptime during the cycle.
- Difficulty of the proofs are adjusted to the pool member’s farm size, so the pool member has to (on average) needs to send a proof every 5 minutes, this way the size of a farm will impact the difficulty of the challenge it receives, thereby impacting the number of points.
- Proofs are expected in average to be +/-5 minutes, and if a farm is not active for the full cycle, it will potentially receive less overall points for that cycle.
- The pay out moment is where all points built up determines your pool share % for that cycle. Payout is done, points reset to zero for all pool members, and a new cycle begins.
Will Payouts be processed through the PPLNS methodology ?
Payouts happen once per day at 12:00 UTC
Payouts will be processed through the PPLNS methodology
Note: The process might take several hours before you get your rewards added to your wallet. This is blockchain and processing time related.
Can I leave the pool?
By all means leaving the XCHPool as a Chia Farmer would reflect that all discounts will be reset to 0% discount!
Chia network general
Do I need to sign up?
No need to sign up, you join the XCHPOOL with a smart contract on the chia network, the pool only knows your wallet address.
How is my farmer netspace calculated?
Simple rule: 1 K32 plot is good for 10 points per day on average
Your farmer sends proofs to the pool server against a certain difficulty.. the difficulty is adjusted for each farmer if you have difficulty 15 for example, each proof is worth 15 points.
A few examples:
- If your farmer sent 500 proofs of 1 points each (difficulty = 1) in the last 24h .. you have 500×1=500 points .. divide this by 10 .. so you have about 50 plots
- If your farmer sent 100 proofs of 5 points each (difficulty = 5) in the last 24h .. you have 100×5=500 points .. divide this by 10 .. so you have about 50 plots
- If your farmer sent 20 proofs of 25 points each (difficulty = 25) in the last 24h .. you have 20×25=500 points .. divide this by 10 .. so you have about 50 plots
Do I need to create new plots to join the pool?
Yes, you need portable plots to join any pool that follows official pool protocol, including XCHPool.
Where can I find a list of Chia pools?
A crypto community site lists all upcoming Chia pools: miningpoolstats
What is Pay-Per-Last N Shares (PPLNS)?
Pay-Per-Last N Share system rewards chia farmers once the block has been found by the pool. This means that you will get paid once the block has been found. Then our XCH pool goes “back in time,” and checks for valid shares contributed before the winning block. This is called a time window. XCH Pool Chia farmers get paid based on the valid shares that they have sent in that time window.
This method comes in handy for Chia Farmers that do not hop from pool to pool and have a steady connection. Note that you may lose all your work (shares) if you disconnect from the pool before the block is found.
What is Proof of Space and Time?
Proof of Space is a technique that requires proving that unused space on the hard disk is allocated storage space. Proof of Space must be paired with Proof of Time to be used as a consensus method. PoT ensures that block times have consistency in the time between them and increases the overall security of the blockchain. learn more about Proof of space and chialisp at chia.net faq
How will Chia pools work?
Chia pools are made up of a group of people farming to the same pool key. When a Chia farmers in the pool wins a block, everybody shares in the reward.
For Chia pools, the farmer that wins the block gets 0.25 XCH, and the remaining 1.75 XCH is split among the rest of the pool, minus the pool fee. Pool farmers will receive a cut of the 1.75 XCH equal to their farm’s percentage of the pool netspace.
What is Chia?
Chia is a new cryptocurrency that does not use Proof of Work (PoW) for mining new coins. Bitcoin and Ethereum are cryptocurrencies that do use this. Chia uses what is known as Proof of Space and Time (PoST). Instead of needing powerful computers or the best graphics cards to solve calculations, Chia requires empty hard drives to “farm” the cryptocurrency with minimal resources.