FAQ
FAQ of MaxiPool
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FAQ of MaxiPool
Last updated
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Chia farming in a pool produces a constant revenue of smaller values, whereas solo farming tends to be more erratic and could take years to farm one block.
is the official website of the Chia Network. Chia was incorporated in August of 2017 to develop an improved blockchain, smart transaction platform and to improve the global financial and payments systems. Chia is on track to become the first enterprise-grade digital money using the first new Nakamoto consensus algorithm since Bitcoin. To learn more, read
Once pooling support comes out, any plots created before that update will not be able to join pools but can still be used to solo farm. In order to use plots in pools, they will have to be plotted after pooling support comes out. This is the current, most up-to-date information we have from the Chia developers. If you have run out of space for plotting but want to convert your existing plots for pool farming, we recommend re-plotting your plots one-by-one. That way you still solo farm with your old plots while slowly migrating your plots over to the pool.
Yes but only a tiny amount that constitutes a contract between both parties. Use a chia faucet! It will give your wallet a tiny amount of chia.
The pool does not need to know the amount of space you have. Your plots generate partials (partial solutions), and they are uploaded to the pool. The pool will never ask or trust anyone claiming to have some amount of space and instead collects cryptographically signed partials that prove that you needed the space to generate this partial. When the pool is assigned reward, we look back at how many partials each user has submitted and divide the reward accordingly.
In the initial launch of MaxiPool, there is no minimum payout. The payout of the block rewards is per block mined. Later, when we have enough new miners, there will be a minimum payout requirement.
Miners or Farmers and Pool operators are not money transmitters as described in Section 5.4 of this document
We do not issue tax documents. Farming rewards are income, and it is the responsibility of individuals to report these based on their jurisdiction and consult with a local tax specialist
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