Our offer of highly performant Plotting Nodes
Whether all-in-one Chia Node or Plotting Node with external storage – we offer you the configuration that best fits your needs!
Your benefits with our configurations
Hardware Services by First Colo
What is Chia?
Chia is a blockchain-based technology that is also a cryptocurrency and a transaction platform. Unlike conventional cryptocurrencies such as Bitcoin (BTC), Chia (XCH) is not directly based on the principles of so-called Proof of Work (PoW). Instead, a combination of Proof of Space (PoS) and Proof of elapsed Time (PoeT) is used for Chia.
What are Proof of Work, Proof of Space, and Proof of elapsed Time?
In general, PoW, as well as PoeT and PoS are mechanisms that are used to validate and generate new blocks and transactions of the underlying blockchain. To generate a new block or to validate a transaction, a so-called block challenge must be solved. For this purpose, complex mathematical functions (so-called Hash Functions) usually must be solved by a node.
The result is a hash value, and if this meets certain predefined criteria, the block challenge is considered to have been passed and the respective node receives a reward – usually in the form of cryptocurrency.
For PoW, only the result is relevant. Nodes are confronted with a block challenge and the first node with the correct solution wins. High processing power is essential for the best chances of winning. The nodes achieve this by using strong GPUs and CPUs. Time is the most important aspect in PoW, because only the first correct hash value receives the reward. Therefore, an arms race among the nodes ensues. The better the processing power, the higher the probability of solving the block challenge.
In PoeT, each node is given a random waiting time. As soon as the waiting time has elapsed, the respective node may start solving the block challenge. The shorter the waiting time, the higher the chance of being the first to find the correct solution. The nodes cannot influence the waiting time, which is assigned by the network.
The PoS requires computing nodes to allocate a large amount of storage when they want to generate new blocks or validate transactions. This storage space is used by the network to plot hashes. Again, if a hash meets certain criteria, the computing node receives a reward. The more storage is made available, the more hashes can be plotted and the probability of a correct hash increases.
How is Chia different from cryptocurrencies like Bitcoin and others?
Since Chia focuses on other validation mechanisms, the biggest difference is how coins are generated. Nodes provide their unused storage space, which is used to create storage plots which are then filled with data. To win a block challenge, the data within the plots is checked for accuracy. New data does not necessarily have to be created, but existing data within the plots can already provide the correct solution. A plot can also win several block challenges, so it is advisable not to delete the plots after a block challenge. Instead of needing strong CPUs and GPUs, Chia primarily focuses on storage. Generally, NVMe drives are used for plotting and the results are then stored on large HDD drives, which in turn are responsible for farming. Since HDD storage is far cheaper than high-performance processors, Chia farming is attractive to a larger number of end users. In addition, the required systems consume less power, which in turn reduces overall costs and increases profit margins.
What are the minimum requirements in terms of processing power?
The minimum requirement is a quad-core processor with 3 GB of RAM and Python 3.7. In addition, fast hard drives such as SSD and NVMes are needed for plotting. The resulting plot files can then be copied to an (external) HDD. Of course, the more computing power available, the faster the creation of the plot files. The minimum is one processor thread per plot and at least 3 GB RAM. Plotting works even better with 6-8 GB RAM per plot and a high base frequency of the processor.