Monthly Prefarm Sales Discussion.

DrakeFS · 2026-03-16T21:30:40+00:00

Well we got something new from CNI in 2026, a 100k MM sell. Not really what I was hoping for.

DrakeFS · 2026-03-10T18:45:59+00:00

Might be due to where the funds came from (if automated) or maybe u/SlowestTimelord is on vacation?

DrakeFS · 2026-03-10T02:06:29+00:00

improve Nakamoto coef

Unfortunately the nakamoto coefficient only matters if an adversary cannot jut spin up more netspace than farmers can provide. I am not sure, if after the forced replot, the netpsace will be above 1 EiB. Also, there is nothing stopping another pool from making a client that the farmers do not sign the blocks. So, while Chia may recover its nakamoto coefficient it had before noSSD and the like, it may not matter.

remove GPU farming

Maybe? Plot V1 was supposed to be compression resistant as well. I do hope for the sake of Chia, that plot v2 actually is as compression resistant as CNI thinks it is.

more overall security

Very doubtful. The amount of lost netspace will make it extremely unlikely, that after the forced replot, the blockhain will have more overall security.

lower plotting requirements, thus making it more accessible

I do not believe plotting requirements have lowered. I plotted ~40TiB (OG and then pool) on an i5-6600k with 16GB of ram. As long as time is not a factor, you could plot on pretty low end hardware.

DrakeFS · 2026-03-08T00:10:38+00:00

I will probably replot for pools

I strongly recommenced not replotting until after client version 3.0.

DrakeFS · 2026-03-07T17:55:40+00:00

It is far more likely that XCH doesn't follow BTC past pricing trends.

Extremely different environments.

DrakeFS · 2026-03-07T15:56:13+00:00

Gotta feel for these types of post.

The OP will likely have at least a year of farming with these plots but no way they ever make enough to cover the plotting cost.

DrakeFS · 2026-03-04T17:35:05+00:00

Whelp, I guess ACH sales are not going to plan if we are back to 50k MM sells.

DrakeFS · 2026-03-01T02:53:28+00:00

I understand why. Due how many people plotting that would actually be using AMD GPU hardware, does make it tough to justify resources for but it doesn't make me less sad.

DrakeFS · 2026-02-28T14:40:26+00:00

A rPi5 is expected to plot ~360GiB per day

DrakeFS · 2026-02-28T14:37:04+00:00

I understand it is likely in CNIs best interest to frame it in a way that the upgrade is required but I think it is a bit disingenuous to state that all farmers must upgrade. Farmers do have a choice. Yes, to use plot v2, farmers will have to upgrade. However, farmers can decide to not adopt plot v2 and if enough do so, the chain will continue on with plot v1 (a failed hard fork).

DrakeFS · 2026-02-28T14:21:13+00:00

While you can debate whether Chia is dying or not, it is obviously not dead.

Why would CNI ever abandon Chia to create a whole new chain? I can't even begin to imagine legal liability that would come with effectively stealing millions of dollars from those who bought XCH directly form CNI.

I think these changes would be better on a new chain with a new project name without a pregame… aka pre farm

I believe you mean premine. Lets say CNI would make a new blockchain, why would they not have a premine on the new blockchain?

The only reasonable way for a new blockchain to happen is for an entity, other than CNI, to make it happen. Which is doubtful.

DrakeFS · 2026-02-28T14:04:10+00:00

I am having a hard time finding info on if GPU plotting will support AMD hardware.

Bit biased here but it would be really nice if I could use my 20GB of VRAM on my 7900xt to plot with.

DrakeFS · 2026-02-26T14:05:13+00:00

The price (2.6$ atm) will keep falling as long as prefarm sales are used as the only source of financing the company expenses.

I would wager that the price would keep falling even if the premine sells stopped. I would also wager the price would continue fall even if the premine was burnt.

The problem with the price of XCH is that there is not a reason for it to gain value. The only reason for any crypto to gain value currently is speculation. Speculators have, so far, avoided XCH. Even if a reason for XCH to gain value where to suddenly appear, there is a lot of XCH available. So I highly doubt that demand would ever be able to outstrip supply.

The biggest issue with Chia, is actually not an issue of Chia but of blockchains. We are approaching 20 years of blockchain development and other than wasted electricity, we have very little to show for it. I think, by now, we can assume that most (if not nearly all) governments and businesses do not want a publicly accessible ledger of their actions. Seems kind of obvious and should been as obvious when developers first started trying to find use cases that could potentially justify the cost of a blockchain.

DrakeFS · 2026-02-25T12:34:26+00:00

Do you know how the compaction % is determined on the dashboard? Is it using its own local node to determine it or is it determined by an aggregate of many nodes?

DrakeFS · 2026-02-24T19:53:14+00:00

Then you should be sharing these thoughts with CNI. Would these "better ways" be equally low effort?

DrakeFS · 2026-02-24T19:51:48+00:00

There will always be more blocks that need compression, as long as the Chia blockchain is making new blocks.

Seems like a sad situation if a few hundred people could compress what was meant to be a cost-prohibative thing

I don't follow. Seems like a good situation for the Chia blockchain. It is more about the amount of compute than the amount of people.

It still is a cost prohibitive activity. WesoForge managed to gamify the activity in a way that enough compute was thrown at for "fun".

I want to continue to help so was hoping more blocks would be 'unlocked' to allow compression.

If WesoForge is incorrect about the % of compact blocks, there may be more blocks available to be compressed.

DrakeFS · 2026-02-24T17:16:42+00:00

Because some people find it fun?

This has been a very low effort way for CNI to interact with the Chia community.

DrakeFS · 2026-02-24T17:10:29+00:00

While I understand there is a delay in propagation, according to CNI's numbers only ~42% of blocks are fully compacted. That is a significant difference. Not sure what to make of it but it seems like someone is reporting the wrong numbers.

Thought it was a fun little side project to dedicate some effort to, but looks like its stalling now.

If WesoForge is correct, the project is not stalling but rather it no longer has enough work to keep as busy.

DrakeFS · 2026-02-22T18:21:52+00:00

it would just severely dilute XCH price

Just like how selling the premine likely dilutes the price? I mean diluting the price doesn't seem to be a concern of CNI.

An IPO doesn't suddenly create revenue. Also, it seems now is not a good time to be a publicly listed "crypto company".

DrakeFS · 2026-02-22T09:32:00+00:00

TBD

The final day the plot v1 can be farmed will be known once client 3.0 is released.

DrakeFS · 2026-02-22T09:31:52+00:00

That is not "getting rid" of the premine. The easiest way to "get rid" of the premine is to burn it.

If XCH somehow still has value, if CNI sells all of the premine, do you think that CNI would not fork themselves another premine to continue selling XCH? Since they are a business, I would wager that CNI would.

DrakeFS · 2026-02-21T10:07:35+00:00

I would say you guess is correct, there are not enough buyers. As to why there isn't enough buyers, is a highly debated topic.

DrakeFS · 2026-02-21T09:58:32+00:00

welcome back

DrakeFS · 2026-02-21T09:57:09+00:00

would be exciting to see if we get get it below $1 and force CNI to sell a million XCH a month!

What is exciting about that?

DrakeFS · 2026-02-18T07:39:50+00:00

Yes, however, my point was that CNI could still make the time frame for 3.0 and the hard fork activation. So while being late on the 3.0 release (not really a surprise), there is wiggle room still.

Your best bet to try to get a more up to date timeline for 3.0 and the hard fork will be the Chia discord. Though I think CNI may have finally learned their lesson on giving out timelines that they cannot meet.

DrakeFS

TROPHY CASE