THE ENGLISH TRANSLATION

Hello everybody,

As already reported a while ago, the team around Bram Cohen worked on a pool solution, the release appeared about 5 hours ago today and essentially brings the new Portable Plot (for participation in pools) solution and many other improvements, here it goes to the release notes for version 1.2.0.

What are the advantages of portable plots?
Well, that's relatively easy to explain. Chia is a Proof Of Time & Space Cryptocurrency and is mined by making hard disk space available. In order to make this space available, a plot (field) must be created on the hard drive, which is a relatively time-consuming process depending on which hardware is available. Each of these plots then has the chance to win the next 2 Chia Coins in a lottery. So it is logical that who has more plots has more chances of winning.
Among other things, this led to hard drives becoming more expensive and a large number of external USB hard drives sold out, which means that many, many people want to cut a slice of the cake here.
On the website Chia Calculator you can see how long it takes to statistically win once. For normal end users with one or two hard drives (5TB), this duration has now increased to almost 4 years. And of course it will continue to increase with the steady growth in the amount of available storage space.

Screenshot from 2021-07-08 11-23-52.png
That's a very long time
So that doesn't make any sense at all.

This is where the portable plots come into play, they allow you to be connected to a pool, i.e. a community of many smaller farmers, where the amount of storage space is added up, so they have a greater chance of winning chias and thus guarantee a steady inflow of coins can. Of course, it depends on how many smaller farmers then join these pools.

disadvantage
If you don't have any plots yet, i.e. old solo farmer plots, then you have no disadvantages with the portable plot update.
If you have already created old plots, however, you now face a little problem, these old plots are not compatible with the new ones, that is, you either drive a two-pronged strategy and let the old ones farm in solo mode and create the new ones in portable Mode or you create all of your plots from scratch.
If you are not the halfway normal end user and have a large amount of solo plots, you can of course also decide to simply stay in solo mode, because the portable plots do not increase the general statistical chia income but only the statistical frequency of then smaller ones Single payouts.

Conclusion
I am not sure yet whether I will convert to portable, the advantages are obvious, but I do not yet know exactly whether I want to continue to be at the start with Chia. As soon as I have made a decision I will let you know :)
In general, this is a great update, especially the smaller farmers can generate a reasonably steady chia income with it and don't have to wait forever and trust their luck.

I wish you a nice Thursday;)

LG
Your Jan