Chia Proof of Space Construction Version: 1.1 Updated: July 31, 2020 Introduction In order to create a secure blockchain consensus algorithm using disk space a Proof of Space is scheme is necessary. This document describes a practical construction of Proofs of Space based on Beyond Hellman's Time-Memory Trade-Offs with Applications to Proofs of Chia Proof of Space. A prototype of Chia's proof of space, written in C++. Includes a plotter, prover, and verifier. Only runs on 64 bit architectures with AES-NI support. Read the Proof of Space document to learn about what proof of space is and how it works. Read the contest intro to participate in the Proof of Space Contest. C++ Usage Instructions Compil

Welcome to /r/Chia! This subreddit is dedicated to open discussion of Chia cryptocurrency and any news related to the project. We believe that cryptocurrency should be easier to use than cash, harder to lose, and nearly impossible to steal. Anyone who wants to validate transactions should be able to farm without single-use hardware or a big electricity bill Chia is Proof of Work notarized through space/time evidence Anders als etwa Bitcoin und Ethereum verzichtet Chia auf einen Proof of Work, bei dem die verfügbare Rechenleistung maßgeblich bestimmt, wer neue Blocks schürft und somit eine Belohnung erhält.. The worlds best Chia cryptocurrency blockchain explorer. Proof of space size; Difficulty; Fees farmed; Transaction volume; Fees / Coins; Tools. Address / puzzle hash; Chia Explorer Pro. Pro Home; Chia Explorer REST API v0.1; Sponsors: Buy. Chia Explorer has partnered with PoolChia . Netspace (PiB) Space allocated to Chia network™ 24 hours 1 week 2 weeks 1 month 3 months Linear.

If you find a proof, you'll most likely win a 2XCH reward. Found 0 proofs. is normal, even for people with over 10,000 plots. It will only show Found 1 proof if you find a proof that is smaller than a threshold based on the difficulty level, which is growing every day as the netspace grows Before we look into the numbers, let's understand what you are doing when you farm Chia with a Proof of Space and Time. When you plot a hard drive, those plots are yours forever and are capable of farming Chia for at least the next 5-10 years. Plots are plots are plots. There is no better GPU or faster ASIC in Chia Chia - proof of space and time. Postby r4id » Fri May 14, 2021 11:33 am. @figurx da sie. Robisz dodaj dzialke, nastepnie wybierasz opcje dodaj dzialke do kolejki - ilosc dzialek np 20 ustawiasz co chcesz w zaawansowanych ale NAJWAZNIEJSZE zmieniasz nazwe kolejki np pierwsza, potem dodajesz druga kolejke w ten sam sposob rozwniez zmieniajac.

* To recap, Chia uses a 'proof of space and time' model instead of 'proof of work' (Bitcoin) or 'proof of stake' (Etherium 2*.0), which essentially means farmers—it prefers the term to.. Prace nad kryptowalutą Chia, firmowaną przez Brama Cohena, twórcę BitTorent, toczą się od 2017 roku. Proof of Space to technika kryptograficzna opracowywana przez zespół naukowy, w której uczestnicy sieci zapewniają, że przydzielają nieużywane miejsce na dysku twardym do przechowywania danych transakcji Chia Proof of Space Construction Introduction. In order to create a secure blockchain consensus algorithm using disk space, a Proof of Space is scheme is necessary. This document describes a practical contruction of Proofs of Space, based on Beyond Hellman's Time-Memory Trade-Offs with Applications to Proofs of Space [1]. We use the techniques laid out in that paper, extend it from 2 to 7 tables, and tweak it to make it efficient and secure, for use in the Chia Blockchain. The. Chia Network uses the Proofs of Space and Time model as well as an intelligent programming language for on-chain transactions called Chialisp

a) Parcel size: It should be 101,4 GB (k = 32, temporary space: 239 GB) as recommended by Chia Network. You can choose different sizes of parcels, but it will take exponentially longer to create a graph, and over 90% of the graphs on the network have k = 32 * Chia launched in May after BitTorrent protocol author Bram Cohen founded the network in 2017*. Proof of space is a relatively new consensus mechanism but any number of new currencies could also choose to use it, Meyer said. Should the method gain popularity, the demand for storage could increase even further What many perhaps have never heard of is Proof of Space - or Chia farming. Instead of using GPU hashpower to mine Ethereum or any other Proof of Work cryptocurrency or ASICs to mine Bitcoin, you can use SSD drives or harddrives to plot Chia. While at first glance, there are some advantages to this. - Presumably, its easier to find SSD drives and harddrives than multiple GPUs because of the.

The proof-of-space is very similar to the mechanism used in burstcoin, and they have introduced a time parameter to add security and time predictability to the network. . Chia Network has taken an unorthodox approach by listing their shares on NASDAQ and NYSE, as they believe it adds a lot of credibility. This open-source development company has a large portion of XCH on its balance sheet, and. Chia - proof of space and time. Ktoś się już tym bawił? Ja się podjarałem ale jak zacząłem czytać to się okazało, że dużo wątków procesora jest wskazane, więc ze swoim Celeronem w koparce nie poszaleję. ale trzeba w nim podać cenę Chia (domyślnie $20), która nie wiadomo ile będzie wynosić Dafür spricht, dass es kein reiner PoC/PoS (proof of capacity oder proof of space) Coin ist, sondern die Zeitkomponente in die Blockchain mit eingebaut wurde um wohl das Coin sicherer vor Angriffen.. A proof of space is a proof that a farmer has allocated a portion of their storage in a way that is very difficult to create in real time but efficient to pre-compute and store on a hard drive. The Chia Proof of Space Construction document goes deeply into the math and implementation considerations. A harvester can harvest multiple plots on the same machine. A farmer can then control multiple.

Instead of relying on the continuous computation of values and challenge solving, Chia uses a less well know consensus model called Proof-of-Time-and-Space. An abbreviated description of this new consensus model is that secures the network by providing your storage space over a period of time The worlds best Chia cryptocurrency blockchain explorer. Chia cryptocurrency blockchain explorer. You need to enable JavaScript to run this app. Chia Explorer uses cookies to improve your browsing experience, show you personalized content and targeted ads and to analyze our website traffic The creation of Bittorrent founder Bram Cohen, Chia argues its consensus mechanism has similar security guarantees to the Bitcoin blockchain without the ever marketed wastefulness of Bitcoin mining. This piece is the first in a two part series on Chia, beginning with a survey of its Proof-of-Space and Time (PoST) consensus mechanism Use this calculator to estimate how much you can earn from farming the **Chia** cryptocurrency (XCH) [1] on the **Chia** Network. Input the number of plots (hard disk **space**) that you would like to dedicate, and the calculator will give you an overview of your estimated earnings and recommended hardware. Transactions are live Proof of space is a means of showing that one has a legitimate interest in a service by allocating a non-trivial amount of memory or disk space to solve a challenge presented by the service provider. The concept was formulated in 2013 by Dziembowski et al., and by Ateniese et al.. Proofs of space are very similar to proofs of work, except that instead of computation, storage is used. Proof-of-space is different from memory-hard functions in that the bottleneck is not in the number.

In contrast, the Chia Network runs on Proof of Space and Time. Sexier name aside, the latter's model relies on using storage space (rather than processing power) to secure the network, rewarding.. Presentation at Crypto 2019 Rump Session by Bram Cohen Chia is Proof of Work notarized through space/time evidence. Change my mind. WolfGT May 19, 2021, 3:22pm #2. Kind of. The difference between this and pure proof of work is that in a pure proof of work scenario, you are given a task, you have to perform that task right then and give them the results to get credit for the work. With this proof of space/time you do the work once to create the.

Browse other questions tagged chia proof-of-space or ask your own question. The Overflow Blog Level Up: Linear Regression in Python - Part 5. Podcast 348: Tickets please! The joys of being a junior developer. Featured on Meta Community Ads for 2021. Hot Network Questions. Chia Proof of Space. Chia's proof of space is written in C++. Includes a plotter, prover, and verifier. It exclusively runs on 64 bit architectures. Read the Proof of Space document to learn about what proof of space is and how it works. C++ Usage Instructions Compile # Requires cmake 3.14+ mkdir -p build && cd build cmake./ cmake --build.

* Chia is advertised as green coin and one that can solve the centralization problem*. However I dont really see how its better that bitcoin or proof of work. As I understand it the more disk space you have the higher the chances of reward in farming, so it causes the exact same issue as with proof of work, people start hoarding hard disks Chia is a cryptocurrency that relies on Proof of Space and Time as its consensus mechanism. What this means in practice is that participants can allocate disk space to help secure and decentralize the network. In return, participants are awarded XCH (Chia coins) through a process called farming. Farming . Farming Chia can be thought of as a lottery/raffle where draws take place every ~20. Anders als die bekannten und mittlerweile alteingesessenen Währungen Bitcoin (Proof of Work) oder Ethereum (Proof of Stake) setzt die neue Kryptowährung Chia auf Proof of Space and Time Chia Blockchain is a new cryptocurrency that uses Proof of Space and Time. Instead of using expensive hardware that consumes exorbitant amounts of electricity to mine cryptos, it leverages existing empty hard disk space on your computer(s) to farm cryptos with minimal resources, such as electricity Chia - proof of space and time. Post by rafaello288 » Wed May 26, 2021 2:05 pm . knurus95 wrote: ↑ Wed May 26, 2021 12:26 pmWcześniej zostało wspomniane, że hpool przestał wypłacać urobek dla minerów <2 Tb. Masz poniżej to nie będziesz dostawać wpłat. caralooh_pl. Początkujący Posts: 114 Joined: 2018 10:59 pm. Reputacja postu: 0. Napiwki za post: 0 BTC. Chia - proof of space.

Chia 在传统的空间证明 (Proof Of Space) 基础上引入了可验证的延迟函数 (VDF)，VDF 得出运算结果必须经过一定时间，并可以由网络中的任何人快速验证，该结果可增加 PoS 获得出块权的概率，由于 VDF 其时间参数是线性的，所以最优质量能最先 finalized。 Chia 达成共识的过程分为两步，在 Proof of Space （PoS. ** Redirecting to https://chiacalculator**.com/ (308

Finden Sie Top-Angebote für 8x Chia Plots 810GB | Proof of Space | Chia Cloud Plotting | Chia Mining bei eBay. Kostenlose Lieferung für viele Artikel Chia用空余磁盘空间播种与比特币矿机用算力挖矿一样，但是 chia 更适合普通用户的参与，减少额外的 ASIC、算力、电力消耗。 创新点 1、Proof of Space 空间证明也被称为容量证明，最初是由Dziembowski 和 Ateniese 等人在2015 年提出，空间证明与工作证明非常相似，不同之处在于使用存储来代替计算

- e. The consensus algorithm, called proof of space and time, and is more energy-efficient than proof of work consensus, which utilizes massive amounts of electricity through the use of custom-purpose ASIC.
- Chia cryptocurrency is different because it doesn't use proof of work. Instead, it uses something called 'proof of space and time'. Instead, it uses something called 'proof of space and.
- Chia has a new innovative Nakamoto consensus algorithm that removes the energy demands of Proof of Work from the system. This algorithm is called Proof of Space and Time , also commonly known as.
- Chia replaces bitcoin's energy-intensive 'proof of work' system with 'proof of time and space', which needs massive amounts of hard drive space
- eblocks chia video- https://youtu.be/J4FBCCNYBBgCex.IO link: https://cexio.page.link/dxRZDg36sVR1kTtq5Binance link: https://accounts.binance.cc/en/regist..
- ing. Once you successfully verify a transaction, the farmer is rewarded with a Chia (XCH) coin

The launch of the cryptocurrency Chia has caused demand for hard disk drives in the European market to blow up, according to research firm Context. Figures for April released by the analyst show just under 200,000 enterprise-grade nearline storage drives of 10TB capacity and above were sold to end users across the region, representing 240 [ Ensure proofs are returning in under 30 seconds- There is a 30 second time window to respond to a network challenge. If your machine or harvester takes longer than 30 seconds, you will miss coins. Check your chia logs and look for eligible then scroll to the end of the line. There is a timestamp here, in seconds. This must b

Total disk space dedicated to the network is the driving principle of Chia. A space farmer can plot over-provisioned hard drive space to prove that a certain amount of space is available to the network. There are 4608 block rewards a day and one of these plots will farm 2 of Chia's native tokens (XCH) per block reward, this equates to 64 XCH awarded every 10 minutes. Think. Chia is a cryptocurrency based on Proof of Space. In a nutshell, to actually get Chia coins, you need a Proof of Space. The more storage you own, the higher your odds of getting a Proof of Space, the more Chia coins you can make. While Chia was originally meant to take advantage of unused storage space in your laptop, things are now getting out of hand. Farmers are acquiring all the storage. Chia's proof of space model. Chia uses a novel proof of space consensus mechanism. Instead of the energy-intensive proof-of-work consensus protocol employed by Bitcoin and Ethereum, it uses storage capacity, which has much lower demands on processing performance. However, that's had unintended consequences. Chia is mined using high-capacity storage devices; miners preparing to transact in.

Chia, meanwhile, is created using a concept known as proof of space. To farm Chia, users need empty hard drives to house plots which are then given a certain number of blocks. Chia setzt, anders als Bitcoin oder Ethereum, bei der Bestätigung von Transaktionen und damit der Erzeugung neuer Coins auf das Verfahren Proof of Space and Time.Nutzer stellen dabei dem Netzwerk. Chia is based on a proof-of-space-time consensus algorithm and a blockchain network. It involves a so-called Chia farmer or prover sending such a proof to a verifier. The proof is that some amount of disk or SSD space is actually used to store some specific data. A Chia Business White Paper explains the initial concept. It states Proof of Space leverages the over-provisioned exabytes. A Chia olyannyira komolyan gondolja a környezettudatosságot, hogy még a White Paperként ismert technikai dokumentációt is átnevezték, náluk ez Green Paper lett. Ebben részletesen levezetik a Proof-of-Space-and-Time (PoST) rendszerük lényegét, itt elmélyedhetünk benne The Chia Network is meant to be as broad as possible so that validators (miners) do not have to purchase more expensive equipment as with Bitcoin and Ethereum. Rather than using a Proof of Work (PoW) model, Chia uses a Proof of Space and Time model (PoST). Instead of relying on processing performance to mine, it uses storage

Lots of people starting to mine (farm) Chia using low-electricity proofs of space. The full node count over the trailing 5 days is north of 120,000 which is more than Bitcoin I believe. Part of the reason for this is because Chia is really easy to farm — anyone with extra space on their hard drives can do it. There are people farming a petabyte with a Raspberry Pi. This was by design to. As Tom's Hardware reports, Chia uses a proof of space time model rather than Bitcoin's proof of work model. That difference means Chia relies on storage rather than processing performance to mine. Chia is a proof of space-time cryptocurrency that uses storage space on farmers' systems to store a collection of cryptographic numbers called 'plots.' When the blockchain broadcasts a challenge. ** As the Chia FAQ explains: Proof of Space is a cryptographic technique where provers show that they allocate unused hard drive space for storage space**. In order to be used as a consensus method. Chia's mainnet was launched last month, and aims to make home-mining great again while avoiding some of Bitcoin and Ethereum's problems. Instead of the energy-intensive proof-of-work consensus protocol, it uses storage capacity for proof of space, which has much lower demands on processing performance, to mine for XCH. But it's not.

** Le Proof of Space and Time (PoST) du Chia Network**. Jusqu'à très récemment, le Chia Network et sa cryptomonnaie, le Chia Coin (XCH), n'attiraient pas les foules. En l'espace de quelques jours seulement, la crypto-sphère est entrée en ébullition autour de la blockchain Chia. Pourtant, le Chia Network n'est pas un nouveau projet de crypto monnaie. Il existe même depuis août 2017. Le CHIA repose sur du Proof Of Space, du minage avec disques durs et SSD. Pour ma part, je ne suis pas intéressé et convaincu par ce mode de minage. Je vous explique donc pourquoi MOI, j'ai décidé de ne PAS miner du CHIA. Investissement important Absence de pool de minage Prix du CHIA manipulé et gonflé Désintérêt pour le Proof Of Space Usure du matériel Ne miné surtout pas du.

2 Chia Network, bram@chia.network 3 ENS Paris, dkhilko@ukr.net 4 Boston University, reyzin@cs.bu.edu Abstract. Proofs of space (PoS) were suggested as more ecological and economical alternative to proofs of work, which are currently used in blockchain designs like Bitcoin. The existing PoS are based on rather sophisticated graph pebbling lower bounds. Much simpler and in several aspects more e. Chia coin is based on a 'proof of space and time' model where miners earn currency in exchange for unused disk space By Humza Aamir April 19, 2021, 6:57 50 comments. In a nutshell: The crypto. Chia's proof of space and time is being hailed as a fairer and greener alternative to the existing blockchain mechanisms. TeamGroup says its T-Create Expert PCIe SSD features TBWs (terabytes. Chia's proof of space and time process allows network participants to show that they have been physically storing data over a certain period of time, according to Coin Market Cap Chia is an attempt to improve on Proof of Work-based blockchains with a new consensus algorithm we call 'proof of space and time.' Instead of consuming massive amounts of electricity and wasteful single-purpose ASIC hardware to validate transactions, proof of space leverages the over-provisioned exabytes of disk space that already exist in the world today, according to its white paper

The Chia blockchain runs on a Proof-of-space algorithm, which means that you verify new blocks using free space on your drives. For verification of one block, you will receive 2 XCH. What is plotting? To verify blocks, you need to fill your hard drives with plots - special crypto files that confirm that you have that free space. The process of recording and creating them takes a long time. What is CHIA Coin? What's Proof of Time and Space About? Price Prediction! Mad Investor May 11, 2021. 2 701 Less than a minute. Facebook Twitter LinkedIn Tumblr Pinterest Reddit VKontakte Odnoklassniki Pocket Print. Learn more About Chia Network and their coin. Discover how does it work and why it might solve bitcoins biggest problem Register on Binance and receive source. Tags. bitcoin. ** In comparison, chia uses a concept of proof of space, which requires users to use empty hard drives to house the coin based on how much space is available**. RELATED: Brothers become millionaires. Chia is using a new consensus algorithm for a new blockchain called Proof Of Space and Time being created by Bram Cohen, the best network protocol engineer alive and creator of BitTorrent. Cohen started Chia after Tron overtook BitTorrent. Cohen is not a fan of Tron, and no longer works for BitTorrent in any fashion. It's ironic that he chose not to work on any aspect of the Tron-controlled. Chia et proof of space Même si nous manquons encore de recul, l'explication à cette hausse soudaine des prix viendrait du lancement prochain d'un nouveau genre de crypto-monnaie

« Bitcoin ressemblerait à Chia s'il avait été conçu avec les acquis des 13 dernières années » La proposition de valeur du réseau Chia est toute entière contenue dans son mécanisme de consensus unique : la preuve d'espace et de temps - (proof of space and time).Cette méthode de consensus est supposée offrir une efficience énergétique supérieure à celle de la preuve de. Chia has raised $61 million from leading venture capitalists in its latest funding round, putting its valuation at $500 million. Chia is being touted as an eco-friendly alternative to Proof-of-Work blockchains like Bitcoin. The firm is also said to be eyeing an IPO or SPAC merger in the future. Chia, a storage-based cryptocurrency that's been. Proof of space (PoSpace) is a pioneering cryptographic procedure where miners only need Proof that they have allocated a specific amount of unused disk space to the network. In Chia's case, miners are referred to as farmers - adding to the already established green analogy. The Proof of Work system was developed to secure Bitcoin's decentralized blockchain. To be qualified to. ** Proof of space (PoSpace), also called Proof-of-capacity (PoC) or Proof-of-storage, is a means of showing that one has a legitimate interest in a service (such as sending an email) by allocating a non-trivial amount of memory or disk space to solve a challenge presented by the service provider**.The concept was formulated in 2013 by Dziembowski et al., and (in with a different definition) by. Chia is a cryptocurrency that's secured by proof of space rather than proof of work. That means sustaining the network and mining coins requires no more than some spare space on your hard drive. In fact, once your farm is created, it can be run from a very low-power device like a Raspberry Pi, or just a lightweight app on your PC. It's just the initial plotting stage or sowing the seeds.

432TB Disk Farming rig for farming crypto currencies such as Chia (XCH) in PoST (Proof of Space and Time), these platforms have been specially designed to offer the highest performance along with endurance on the plotting disks, at FlexiMiners we use this exact platform ourselves. Specification: 4U Rackmount Server Case with Rack Rails CPU: 24 Core CPU Memory: 64GB DDR4 Boot Disk: 128GB M.2. Unlike conventional cryptocurrencies, Chia leverages proof of time and space, relying on storage capacity instead of computation as its proof of work. If storage makers are unable to meet. In contrast, Chia follows a concept called proof of space and time, which uses storage space. Chia is using your storage, and it could be SSDs [solid-state drives], it could be HDDs [hard-disk drives], said Shannon. You could mine it on your phone if you wanted to. The idea is that everybody has some spare storage. With this concept in mind, Shannon saw an opportunity to. The combination of PoSpace and VDFs produces Chia's powerful new Proof-of-space-and-time algorithm, or PoST for short. This results in a much greener network without forfeiting security. Developers can write smart contracts on the Chia blockchain with their new Lisp-like language, Chialisp. These contracts are compiled and executed on their custom virtual machine, CLVM. XCH Depth Chart. Zoom. Chia Coin is processed using a consensus algorithm called Proofs of Space and Time. This replaces Proof of Work, which the company says wastes energy. It also protects against the centralization.

Tag: proof of space. chia Autor admin_chia_com_pl Maj 17, 2021 07:30 14 Maj 2021. Czytaj dalej. Energooszczędna technologia szyfrowania skoncentrowana na pamięci masowej, różnica między Chia i Filecoin . Dla większości ludzi kryptowaluta jest synonimem Bitcoina. Osoby biegle posługujące się Bitcoinem wiedzą, że technologia opiera się na dowodzie pracy w celu weryfikacji. Right now, 130TB of space dedicated to Chia plots (well, let's just call it 1300 k=32 plots) would average one block win every month or so. If you want a good chance at winning a block every week. Chia Network uses proof-of-space (PoSp) consensus algorithm in a bid to consume less energy. Nevertheless, these discs still require energy to produce and run, and some reports indicate that hardware involved in PoSp mining could be rendered useless merely after a few weeks. According to New Scientist, some 12m terabytes of hard disc space was being used to mine Chia on May 26, seeing an.

- Chia - XCH, Proof of Space Time. Chia PaaS - A look at Whale Plots EU/UK based Plotting Service. By jonboy 30/05 /2021. Whale Plots is an EU & UK based cloud plotting service, known as PaaS (Plotting as a Service) will create Chia plots for you just using your public and farm keys. NEVER: Give out your Private key(s) Whale Plots will never ask for your private key. With the move to.
- Chia operates on the 'Proof of Space and Time' principle that requires access to high-speed storage. Therefore, it will benefit from high-capacity SSDs, which early adopters of the coin are.
- g? 00:22:20 - Chia.

- Chia Network Proves Reality of Consensus-Based on Proof of Space; Announces Proof of Space Competition with $100k in Total Prize Money New green paper provides details of a more distributed.
- Chia has previously articulated its technical vision, a consensus model called Proof of Space and Time (PoST). This new paper articulates Chia's vision for sustainability. Chia's president and.
- ing frenzy in China and causing massive hard drive shortage around the nation. Not yet two months old, Chia Network is already regarded as an eco-friendly blockchain. Unlike Bitcoin, which uses a proof-of-work algorithm, or Ethereum, which is now proof-of-stake, Chia created.
- Chia Network's blockchain. First, it is important to observe that, although Proofs of Space and Time are important for distributed storage networks such as FileCoin's, this is not what Chia Network is using Cohen's Proofs of Space and Proofs of Time (Verifiable Delay Functions VDF) for. Instead, they are using them as a replacement for Proof of.

Chia is built around a cryptographic technique called proof of space and time, as opposed to Bitcoin, which leverages a proof of work model. Proof of space can be thought of as a way to prove. Chia will be the first enterprise-grade digital money. Chia is using the first new Nakamoto consensus algorithm since Bitcoin. Called Proof of Space and Time, it was created by Bram Cohen, the best network protocol engineer alive and the inventor of BitTorrent. Chialisp is Chia's new smart transaction programming language that is powerful, easy to audit, and secure. Reference smart. Chia pre-mined 6 years worth of block rewards. Proof-of-space may be the closest thing we have to a viable proof-of-work replacement but this instantiation of it feels like a get rich quick scheme for its founders. Edit: My calculation was based on the initial reward schedule of 64 units per block, but when you take into account the fact that it ramps down to 4 units per block shortly. Chia Network ties Proof of Space with Proof of Time, thus solving issues faced by Proof of Work and reducing electricity consumption. Chia Network enables users to customize custody and clearing. **Chia** aims to replace this process with an eco-friendly mining process that relies on the storage capacity of a computer system, rather than using computing power. **Chia** uses a completely new mining concept called **'Proof** **of** **Space'**. In this type of mining, the miners use the free computer **space** in their systems to hold cryptographic plots. You can read more about the technology in detail on.