Topic: A real alternative to Chia Coin? (Read 818 times)

https://chiapower.org/
0.307 TWh is the annual power consumption as of 19.10.2021, based on the current netspace of 35.3 EiB, as reported by https://www.chiastatus.com/
Chia Coin has over 300,000 nodes, so the coin is well decentralized and the platform supports smart contracts.
This is an interesting project, but it should be treated like a startup.

I think all the properties of decentralized cryptocurrencies are the same. The problems we often face internally are not regulatory issues. Even if we can oppose regulation from the government then we will continue to oppose the government so that cryptocurrency cannot be beneficial to the government. I think the problem to solve is a cheap transaction. Well, I have the question what is the crypton solution to deal with this?

Oh, I love these little Easter eggs from developers so much!=) It's very nice of them to give users hints about upcoming updates and then also surprise them with the scale.

There was a post within all the official pages with a photo of mobile phone, I think it was exactly the announcement about soon release of mobile version. But today another teaser appeared. And now it seems to be connected to its own exchange.. Let's wait

I think it's simple, the developers are really ready to openly declare the project. This is evidenced, for example, by the participation in crypto events, the promised release of a mobile version. I am glad that I once believed in this project.

I won't call Crypton a hype coin as it's not new, and it doesn't try to get a hype, but grows naturally. Its advantage over chia is that it doesn't require any additional equipment for mining and is really green. And other advantages are that it's a privacy coin and that it has its own decentralized no KYC exchange. Its rate also started to grow fast after the last listing so it has a really good potential.

Funny to read these lines now. For some reason Chia was in the news a lot in spring (even non-crypto news pages) but now has disappeared completely. I just checked it's price development and it doesn't seem to be one of the big winners this year...
I read about Crypton and Chives (the latter is not even on CMC?)... so are those the hype coins for the next season? 

As "green" as harddisk mining seems in terms of electricity consumption, it consumes resources just like GPU mining or similar and won't be a good long term solution as a "green" method

Yes, this can be called the best advertisement, which, moreover, the project is also being tested by the crypto community. I hope Utopia will take part in some other crypto event in the future.

But the difference here is that Crypton and Utopia project on the whole is self-financed. They never had any sponsors. That's why it's harder for them to get value in comparison to more popular coin and those which are on hype. So such situation is more natural and more trusted for me.

Well, I noticed that Crypton is slowly but continues to grow. By the way, a lot of users have added this project to the observation list and are also monitoring its development. Especially considering that Utopia sponsored such an important crypto event.

That is clear because now the competition for cryptocurrencies has increased so it is clear that stimulation is needed every quarter so that progress can exceed what has been in the past.

The level of Crypton will not fall to the previous values, IMHO.
Haven't you heard that Utopia p2p officially sponsors the Blockchain Economy Expo? This will be the First Blockchain Exhibition in the "World Expo" history. The Blockchain Economy Expo will be held as part of the World Expo on November 14-15, 2021 in Dubai Exhibition Centre. The WORLD EXPO is being held for 170 years and for the 1st time, blockchain will be introduced to the world at the same level as countries, international organizations and other traditional businesses.

At april 2021 i boght 200 tb hard drives and start plotting chia coin. When profitability goes down, i heard about chives coin. I start replotting from chia to chives a month ago, and now i have 100 tb chia plotts and 100 tb chives plotts. The profitability from chia and chives today looks like that:
https://ibb.co/N2nS8Fh

I'm thinking of going completely chives.

It already reached a dollar value and seems to stuck on that point for now. But the best thing is that it's not falling back as the rise was really fast. I hope that devs have something to stimulate its further growth. It will get more trust now, for sure.

And exactly on its own decentralized exchange, Crypton gained 50% to its value right after the listing https://crp.is/exchange/crp_usdt I've checked it today and it's rate is 0.5 USDT already. I think that if it will continue growing the same way, we'll see the 1$ rate soon and that would be pretty amazing!

And what can you tell about Utopia p2p coins? Both of them were listed on a new exchange yesterday - CRP and UUSD. Nice to see the development of the project, while they already have their own decentralized exchange.

Sure, you can find all the needed info here: https://utopia-network.org/
And here's a telegram community: https://t.me/utopiachatoff

Probably $FET. they start the stake drop and the project about the artificial intelligence.

I think this is a great solution from the point of developers. Exactly as well as an excellent opportunity for users. Stablecoins are now becoming more popular than ever. According to the latest news, some banks in the US are planning to start using them.

That sounds foreign. Can you include a source link about this project? I also want to see how their community is. Chia coins require a strong community to be an alternative coin.

Yes, the participants are paid in the inner Crypton coin. That's how all the bounties are held. And on the inner exchange you can convert it into USDT or UUSD (privacy stablecoin). So in any case, you have a very easy way to continue using these coins.

speaking of the project you said, there is no doubt that the coin has a high selling price in the current market (new Altcoin category). But the question is, did the project team pay the participants using the coins? As far as I'm concerned, BM does fair on payments using stable coins. and as for @OP I'm not very familiar with Chia Coin. maybe a meme coin?

Yes, you're right. The previous bounty required users to be more creative, if I may say so. However, the terms of this promotion also seem attractive to me. Especially considering the amount of the reward.

The current condition of the bounty campaign is still very effective and profitable, you can check the Rangers Protocol bounty campaign, the price is very good at this time, even though the duration of the bounty campaign is still ongoing and the followers are also very large.

No, the current bounty is based on simple mechanics, I'm not really interested in it. I enjoyed participating in the previous and more creative bounty. However, I have heard that a large number of users, on the contrary, are happy with simpler conditions.

The world's players and billionaires can play the market with various tricks, even if it's difficult because of the government
centralized and the system is so powerful that it is difficult to use. the bitcoin market is already very strong everyone who is good at reading almost all odds
have invested long term

China coin I have not heard much about the coin and this is my first time hearing about it is it the official digital currency of China or just a project name, I will appreciate it if you can share more information about this coin or a link to follow to see more detail on the coin.

Chia is a very different beast. Some of the fundamental blockchain concepts aren't radically different from what's gone before, but Chia coin ditches the Proof of Work algorithm for securing the blockchain and instead implements Proof of Space technically Proof of Time and Space, but the latter appears to be the more pertinent factor. Rather than mining coins by dedicating large amounts of processing power to the task, Chia simply requires storage plots but these plots need to be filled with the correct data.

No, I haven't heard, but thank you for telling me about it I will be happy to study the conditions and possibly take part. And what have you decided? Are you interested in it?

It seemed to me that the number of nodes determines the number of active users (enthusiasts), which in turn increases the security of the network. And based on this, I dared to draw conclusions that the security and stability of the network increases the security of, for example, coins.

In my opinion Crypton is one of the most promising cryptos in terms of investment, but unfortunately there are only a few exchanges that list them at the moment, so this makes the coin a little less popular in my opinion, but if you look at the strong support in the Utopia P2P ecosystem of course crypton has good future, especially crypton is an internal payment tool now in the Utopia ecosystem

I'm not sure if reliable and stable are the right words for that. More trusted - probably yes, moreover, it shows that the network is growing and getting more stable. As the more nodes it has - the more secured it is at the same time. I hope that U USD will also gain its popularity soon.

That is, in fact, due to the many times greater number of nodes, this coin can be considered more reliable and stable. Right?

Haha, check the number of Crypton nodes and tell me once again it's useless and people don't believe in it. It already reached 31K active nodes, while BTC or ETH had 10-12K at the beginning of this year. Does it mean the coin is useless??

Crypton people will try to keep promoting it forever, not like Chia is great neither, so when you see someone trying to reach the levels chia is trying to reach, you realize very quickly that it is not something that you would be happy to invest. I mean overall chia is not good, and crypton is even worse. When you are mining something then it should be something that makes sense, why would anyone invest into chia? Why would anyone want to by crypton? What are you going to do with them? ETH makes sense because people use it a lot, but chia/crypton doesn't make any sense.

I have seen tons of hdd mining operations in the world before and I can easily say that none of that really makes any sense at all considering how they are usually useless coins so eventually they go away, all the HDD ones before these went low eventually and these will too eventually.

Yes, it seems that you are right. However, open source is no longer a guarantee of data security and contradicts the main idea that inspired the developers.

On the whole, there's not much information about it. Just some official articles or videos. And yes, in most of cases they're positive reviews of the soft or of the coin. But what I regularly meet is that people don't believe in it due to the closed source code. Like make it public and we'll give it a try..

Well, of course I meant the official account. Although I did not meet any fakes or anything like that among the news of ordinary users. It seems to me that the users of this software are loyal fans who are always up to date with current news and are not engaged in spreading fakes.

I think he was speaking about the official twitter account of the Utopia p2p community. Not about some fake news or something. But on the whole, there's a number of press releases that I've found over the web. With more detailed information.

Yes, I think I saw the news about this on Twitter. Well, such an update can not be considered bad. I think that this has a great benefit for users.

Renting VPS for crypton mining purposes is very costly. Why would you do that? Invest your own hardware or rent the mining rig either from someone or site if you can't afford that kind of investment but not VPS. VPS is only good for the setup of multi masternode coins.

And have you heard that UUSD stablecoin was launched by Utopia p2p also? It is backed by DAI cryptocurrency collateral that can publicly be seen on the cold wallet and equals to total supply of the UUSD. And the rate is 1:1 wit US dollar. I think that such coins can get real popularity between crypto addicted people.

It's just an additional option apart from investing and trading in the market, because every additional option is tested and good, it is definitely a must-see and also chosen after very well researched.

Crypton transactions are completely anonymous and cannot be tracked on the blockchain.
Only the sender and receiver have transaction records. Newly mined cryptons are distributed every 15 minute block to nodes which helps to keep the network meeting minimum requirements.

I have seen this coin But not the good movement I see in the near future if we see some good announcement meant I will try to invest. But after analysis now I don't want to invest this project.Finally, I will say your concert is good.

You're right. Crypton is a good opportunity to make a profit without additional investment absolutely for free. In addition, you can take part in their current promo.

Everyone already forget about chia and the smartest ones quit that project before they lost too much. Now many coins, including Bitcoin, are on the rise. I hope that more altcoins will follow this trend. Including #CRP as I've decided to participate in the promo action. And plan to get as much as I can from it.

Come on, why talk about Bitcoin? Crypto enthusiasts lost a lot of money in the case of chiacoin. And only the creators of the chia get a profit.

Look, in order to mine Bitcoin, you have to make really good investments in the beginning. Not many people have so much money to buy the equipment, etc. In case with Crypton, it's not like chia as it appeared about 3 years ago and it's still alive. It didn't have big movements in price, but it's probably a long-term case. When I don't have to invest anything in order to mine, I think I won't lose anything even if it won't jump in price.

Oh, cool. Could you share your progress later? I am very interested to know what the profit will be?

Maybe it is just me but most of these mining coins hardly gives good profits neither do some last long term. I think there was a time they were rampant of which many later turned scams. You have presented a different and better alternative to Chia Coin in your own understanding, and what if this one goes the way of Chia coin, which others have done.
Also, most times mining is not profitable especially when one considers the cost of energy and equipment, hence why it looks like only big organizations can do mining, and they don't mine any random coin but focuses on coins which can make them break even, coins that are always valuable and coins whose team won't just exit scam, hence why many mine Bitcoin.

I'm already in so as to participate in all the parts of action. The later you start - the less you could get. Just don't forget to fill-in the participation for and provide the reports in time. Anyway, you'll get all the mined coins at least. It's also something.

Im trying to mining crypton with Linux VPS i rented, i realize i would never reach Break Even for doing it.
Also, i cant think how can all the miners got same reward no matter how much they are, isnt that means very high inflation and block reward uncertainty?

It's especially interesting as you can run up to 50 mining bots on one PC if you use LCX or Docker. It extremely rises the opportunity to mine more and more. And the prize pool of  looks impressive 🙂 We have to participate, I think.

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You're right, but that bounty campaign was a small dot in comparison with this action. It will last till the end of September and the prize pool is 5000$. That's a huge action, I can say. Moreover, it will attract many new users and that's really good for ecosystem improvement.

Yes, I think we should expect good results from this action. As far as I remember, the previous bounty collected a lot of positive reviews.

1) They never looked for investors as the coin and the whole Utopia p2p project is self-financed.
2) Yesterday they've started a wide promo action for miners https://bitcointalk.org/index.php?topic=5349259.new#new
I believe it will help to promote the coin and make it improve.

You're right, the desire to get rich quickly overshadowed common sense and attention to the state of the environment. In the next few years, green coins will become more and more popular. Well, I mean really green projects.

If crypton is  privacy coin, will this compare with Monero? Or what advantage it has over other privacy coin for us to choose this coin to use?

Saw Crypto's chart and petformance from the last four months and from that ATH it went down 60%, also it has a low volume and low market cap. If they will make some improvements and make a noise in crypto industry. Or maybe a hype, then investors will think to buy this coin.

now a few months after its launch, chia mining is no longer worthwhile unless you really have a lot of space on your hard drives or join unofficial pools that require access keys? (very dangerous thing not to do absolutely) as alternatives for mining from hard disk there are burst coin which however gives us minimal gains or the new spacemesh or the pseudo clone of chia called spare

This thread is the first place am hearing about this coin maybe this is so because of China coin's low popularity in the market, I don't think the coin is worth the hype I took a Google search and could not find any information on the coin.

Not zero at all to farm CHIA you need big space of memory which will cost you a lot money to farm it. If you asking whether its profitable or not i would say yes i got a friend who actively mining the chia coin and he doing fine, i think its just alternative instead mining ETH and i do think chia is a good one.

On the whole, if Musk won't mention it, people will never know about this coin. And I'm surprised that he didn't choose something more profitable and really eco-friendly. He mentioned it as an example, but people went crazy and ruined the market. It's a good lesson to think with your own brains.

I agree with you, seeing coins like CHIA which are made by the Chinese state but Chinese custom prefers to use their own like the case of social media that is there even forbidden to use external ones, this can make them survive like TRX we have seen so far

I'm surprised that you still remember about this coin.=) After the wave of paid hype that hit the Internet, not a word is heard about it. I understand that the prospects and reliability of this coin have not been justified.

Well, according to the latest news about chia, none of the miners will get their investments back. As everything shows that it won't bump and the prices on the equipment also felled. People invested about 6000$ for SSD and hard drives and now they can earn about 250$ per month, which is absolutely nothing.

It's still hard for me to imagine it, to be honest. This is an incredible project, with the simplest and cheapest mining!

And what about the coin that requires an internet connection only? Here's more information about the project https://utopia-ecosystem.com/ Moreover, there are no extra electricity fees, which is the best nowadays. I never thought that it would be possible to mine without any investments.

Helium is way better over chia coin because its the true definition of green energy mining because all you need is little watt of power 5w to 15watts to power helium hotspot miners in your home and start earning

Hahaha, this looks like a great idea! Although, of course, it is quite difficult to implement. I think there are a lot of projects that would like to attract his attention.

It won't happen so easily. Only if Utopia users will attack him with tweets asking to check the project and the coin. He created his channel in Telegram, so why he can't do the same in Utopia p2p?

Now let's hope that Elon Musk finds out about Crypton and tells the entire crypto community about it.

You're wrong, bro. Just look what Elon can do with one word 🙂  It's just a beginning, trust me. The market will fall even more and we'll see many new players on the stage. As trends are also changing.

I think almost all cryptocurrency coins have problems with the rules of some countries and this must be resolved

yes i aggre, Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature.

Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities.

I don't know but there are many new shitcoins that are following DOge the meme coin? Is this promising? I don't think so because it is probably only following the hype. Once it is ended, the coins that are the same as meme coins may not be able to survive longer in the crypto market, moreover if they have no promising fundamentals.I personally ever think about it and then not deciding to pick one of them

New investors are drowning in losses when they have spent a lot of money to buy hard drives. I'm seeing the crypto market crash in China. The Chinese government may be looking to drive away Bitcoin miners and encourage green cryptos like CHIA. There has been no significant jump in value yet since CHIA was listed on exchanges.

Plotting put stress on the CPU threads, if you want to plot faster you will need NVMe SSD which can die in time and you said HDD only use 5watts of power right? You are right but it would have been better if your 50 terabytes only draws 5 watt, imagine having 2TB HDD everywhere and they draw 5watts each lol, the higher you plan to go in terabytes the more watts you will pay for

It seems to me that nothing completely new will happen in the crypto market. It is not so easy to dethrone bitcoin from its pedestal. I think that when the hype passes, no one will remember about these new coins.

And what if all you need is a computer and internet connection? No extra electricity fees, no additional supplies. Can it be called eco-friendly? And can it be interesting to the crypto community?

Friend, I think those coins for me are garbage, they are bad.
There are better technologies today like Nano, Ripple, IOTA, Lisk just to mention a few ...
But if you are an environmentalist, I recommend these...

Of course, mining only with hard disk has countless advantages it consumes less electricity, i think about 5 watts to hard disk and does not stress and wear the pc and gpu with classic mining, of course there is the risk of burning the ssd if you plot a lot but i think it is a minimal risk, of course it is now difficult to earn with chia since everyone has started to mine it you really need a lot of storage space, perhaps only with the pools you earn a little bit, but the alternative is here already is in the testnet phase but you can already try it is called spacemesh

I'm getting tired of chia coin because of pool that's unavailable for miners, those with massive HDD spaces like over 100Terabyte can't even solve a block anymore, this project have been in work for a long time but things are pretty slow on development, I hope a chai classic fork will be better than this

Not really even heard about this coin, will do some research and might not be actually worth it, else there would have being noise around if it was a really prospective project. Just keep buying on the dips some best coins now as the bounce back will be quicker as well in good coins.

Yes, at the moment, very few people know about this coin. But the project is non-profit and self-funded. Therefore, no one invested in active advertising. However, due to the growing popularity of chiacoin, which is not actually green, this coin can make a worthy competition.

Its interesting project, but i cant found explorer of the network to found out the percentage holder of the coin, can you help me found out?

*Update, i just found out, its https://explorer.utopiaecosystem.com (its didnt have rich list feature)

Every other alternative to chia coins are crap most especially that burst coin, a project that can't be mined anymore due to requirements of the equipments shouldn't be called green coin

This may not be directly but indirectly they can, assuming they invest or buy a large sum of crypton then they will have the power to indirectly influence the market, whether decentralized or not, whales or big players always have a way of influencing and manipulating the market.

And what is its rate? I don't see any active moves and seems like the coin is not so popular. Where are the guarantees that it will be profitable? I understand that here the investments are almost 0, but if I'll lose my time for nothing - it won't be too good.

Did you hear about Chia Coin?

It is a hype green coin, which is now becoming a leader in the cryptocurrency mining market. Despite the hype, Chia Coin is still not as green as Crypton — the internal cryptocurrency of the Utopia ecosystem. The first has some drawbacks in technical terms. Although Crypton does not position itself as a green cryptocurrency for mining, it is a privacy coin. But the technical data suggests otherwise.

Will Crypton mining become a new market leader due to its ergonomics and low energy costs?
 It is more acceptable than Chia Coin in several points:

- Equipment
- Environmentally friendly
- Breakthrough technology
- Low technical requirements
- Easy way to withdraw funds

Crypton cryptocurrency is completely decentralized and cannot be manipulated by government organizations. All transactions made in Crypton are final and cannot be canceled. Furthermore, users have full control over their personal assets, as there is no third party with the right to interfere in the system processes.

No one can block the Utopia user's wallet or influence it in any way. Personal transactions cannot be viewed by other system participants and are conducted with minimal fees. CRP mining has almost no effect on the performance of the computer.

What do you think about it?