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Author: Admin | 2025-04-28
What is Chia?If you’re reading this article, it’s likely you’ve already read about Chia elsewhere and are simply looking to learn how to mine Chia. If so, feel free to skip to the next section. If not, we’ve got you covered with a brief overview of the new cryptocurrency:Chia is one of the newest cryptocurrencies; it debuted in March of this year. It was founded by Bram Cohen, who also invented BitTorrent, and was designed to be a more energy-efficient crypto. It leverages the power of storage drives to farm crypto, rather than traditional GPU mining used by more mainstream cryptocurrencies like Bitcoin and Ethereum.See Also: How to Mine Cryptocurrency: The Essential GuideChia’s logoOver the past few weeks, Chia’s popularity has grown at a rapid rate, leading to hard drive and SSD shortages in China which may soon be mirrored in America and around the world.With cryptocurrencies such as Dogecoin seeing massive hype-fueled price surges despite lacking fundamental value (Dogecoin has no coin cap and can inflate infinitely), it seems likely that Chia’s price will surge as its popularity continues to grow. It has a cap of 21 million total coins, the same amount as Bitcoin.Chia utilizes a new algorithm called “Proof of Space and Time”, or PoST, which essentially proves that you have unallocated space on your hard drive/SSD which can be used for farming. It’s a big improvement, efficiency-wise, over Bitcoin’s Proof of Work algorithm.Can I buy or sell Chia?Chia transactions are not yet enabled, so farming is currently the only way to acquire the currency. According to Chia’s official website, we should see this functionality arrive on May 3rd around 10AM Pacific Time (1PM Eastern Daylight Time).What do I need to mine Chia?You will, of course, need at least some free storage space to mine Chia; the more, the better. In addition to this, you’ll need to meet Chia Blockchain’s minimum system requirements:Quad-core 1.5GHz CPU2 GB of RAMPython 3.7 or above (You can find the latest Python downloads here)These requirements should be easily met by any modern computer, so storage space will most likely be the only
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