Pools

I think there is a lot of misunderstanding going around about the benefits of pools. We are still in the very early stages and it doesn’t make sense to me how concerned a lot of people are.

1. Pools do not increase your rewards, they just smooth out the distribution of them. If you are predicted to win once a month (2XCH), contributing your space to a pool will net you 1/15th XCH per day (actually less because of a pool fee). The total amount you earn will be about the same.

2. A 12TB, $200, external drive fully plotted should win about once a week right not. That’s really not that long and at a far lower cost to get started compared to a PoW coin.

3. Chia has many more reward events per day than BTC, with lower reward amounts, giving everyone a much higher chance of winning.

4. With Bitcoin or Ethereum people with thousands of dollar mining rigs would not win in multiple years. This is why smoothing the rewards makes sense.

5. See point #1 again

Conclusion, this is the most accessible crypto project ever so get out there and get your XCH while the getting is good. Pools will come in time so stop worrying about them!