Hello everyone, it's Petko Aleksandrov, hope you are
doing well and in today's video I will talk about the Chia forks. Yep there are already Chia forks so
if you have been farming Chia for quite some time and you see the price dropping probably you're not
very happy with it because obviously the rewards are less and I see many people getting a little
bit disappointed negative, even YouTubers talking about Chia farming and they sound desperate
and frustrated why they started farming Chia. Come on guys why did you start farming Crypto,
was it because you believed in Chia coin if you did then this was the wrong decision you could
just buy it from the exchange and don't bother yourself with the Crypto mining with the software,
the hard drives, the plotting and all the things we have to go through when we are doing Chia farming. Now I personally started Chia farming because I liked the idea of farming Crypto using free
hard drive space, I mean the technology for Mr Cohen is just fantastic, we don't use expensive
hardware, no huge monthly bills on electricity and space for GPU and wondering how to cool the
room because GPUs are warming it up. Using the hard drives while we are farming Chia is probably the
best decision we have so far in the Crypto mining industry and did you know that Mr Cohen actually
invented the Torrent technology, it's considered to be one of the greatest technology in the last 2
decades. Haven't you watched movies downloading it with a Torrent, I never did, never, never in my life
so I'm personally very positive with the Crypto farming and now since we have the Chia forks we
have the huge variety of coins to choose from. If you're not happy with the Chia Price dropping
right now you can switch farming and select any of the Chia forks which I'll show you just in a
second, more at the end of the video you will see how to calculate the different Chia forks and you
will see why I actually started farming Chives which gives the biggest monthly reward by the
time I'm recording this video and by the way when I started Chia farming, there were no any Chia forks it was just the Chia coin out there but I was so sure that the Chia forks will come up
with the time because one more time I believed in the technology. So one more time if you haven't
started Chia farming and you are just watching this video to decide for yourself, is it a good idea to start
Chia farming, then you have to make up your mind. Are you going to do it because you want to have
more Chia coins in your wallet, the easier way in this case is to buy them from the exchanges but
if you want to be part of the Blockchain where we are farming Chia coins using our hard drives with
low cost electricity nearly anything that will actually increase your monthly bills then probably
the Crypto farming is for you but now I will show you the Chia forks and let's see what those can
offer to us. Now before I show you the forks, keep in mind that it is absolutely normal for a coin
to have fork, for example by the time I'm recording this video Bitcoin has 105 forks and two of the
most popular are Bitcoin cash and Bitcoin gold. Personally, I like Bitcoin Cash a lot, I invest
into it and I'm trading it regularly, so if you're wondering why there are forks, is Chia not
good enough so there are forks well every Crypto has some advantages and disadvantages, pros
and cons and there are teams of developers who are coming with different solutions for
the different coins and they create the forks. So to make it super simple the forks
are kind of solutions even not all of them but they use the same or similar technology and
come up with some solutions that the main Crypto in this case it is the Chia is missing, so now if I
go to xchforks.com you will see that Chia has 34 forks, okay 35 but the first one is Chia so Chia is
included, 34 without Chia and I'm sure that by the time you're watching this video probably there
will be more forks and I will be super happy if you share below which forks you like the most.
Now personally, I like for the moment Chives and I will share with you shortly why I like it the most
but if you look at this table you can see the name with the symbol, quite interesting ones honestly
Apple, Avocado, we have Covid, Cannabis, Lucky, Bitcoin Green and a lot more and I'm sure there will be
more with the time but what's important to notice in this table is that we have the Net space and
this is what I want you to pay attention to. So for example, the first thing that brought my attention
to Chives is that still the Net pace is relatively small especially if we compare it with Chia and if
I have to be very precise you will see that it has 313 times nearly 314 times smaller than the Chia
Net space which means that still not a lot of people are into this Net space and not a lot of
people are farming Chives which logically brings us to more profits per month and I will show
you that in a second, next you can see the price so Chia sits currently at 168.91, then we
have the Flax, Chives and the others so second thing about Chives is that it is super
cheap, it is below 1 cent so if you are a fan of owning such coins and you farm many of them
potentially if the value of that coin rises in time you would have a huge amount of those coins
but again I say this is potentially there is no guarantee that the value of Chives will rise
but definitely, I want to have some, so now I'm plotting some of my hard drives with Chives. again
don't take it as a recommendation there are plenty of those Chia forks so it's a personal choice
which one you will be farming or you prefer to stick to Chia, I still stick to Chia as my main
farming Crypto but as well I want to have some of the others like the Chives and the next thing I
want you to pay attention to is the Market cap, so already the second biggest Market cap comes with
Chives even the price is so cheap below the 1 cent. Now if you decide to farm any of those
forks I would suggest you to visit the website, chiaforkscalculator.com and there you can
easily see how much you are expected to earn with your hard drive space, for example if I keep
it to amount of 10TiB you will see that below I will have the Chives at the first place
with above $20 monthly and I'm still experimenting with the pools that we can use for
Chives by the time I'm recording this video it is on a lottery principle so the expectation is
not that precise as we have for example in the Space pool of Chia but what's interesting to
notice here is because of the small Net space we have estimated time to win 2 days
and 13 hours and the reward is 200 Chives, so if I'm using one of my hard drives, the external
hard drives that I'm using for the Chia farming which are a little bit above 10 TiB then
I can expect 200 Chives as rewards every 2 days and a half, still not that precise expectation
and calculation with Chives, but of course what is interesting to notice is that the reward is
almost 2 times more than the Chia and again I say by the time you're watching that video it
will be different so make sure to check these two websites and you will see which of the Chia forks
will give you the most rewards at the time you are farming and the last thing I liked about Chives
is that the Mad max plotter has a version for Chives which means that not just me or some
other farmers but the developers that have created the Mad max plotter for some reason decided to do
a version for Chives which brought me to the idea of farming Chives and to look into this Crypto
in more details. But there is one thing to bear in mind and if I go back to the website, Chia forks
you will see that the Plot type with most of the forks is marked with P and only on Chives it is on
U and on the bottom we have the Plot type and we can see that U stands for unique plots required.
So pay attention here that the Chives Plots are 11.5GiBs while Chia Plots are 101.3GiBs. So you have to create unique plots for Chives farming and as I said just experiment
with it okay, I keep most of my farming on Chia but I will plot a few hard drives with Chives and see
how it will go of course, I'll be monitoring the Net space, the rewards that we earned and if some
of the other forks do better I will simply start farming the other Chia forks, the best thing is
that the technology is expanding, okay it's not just Chia anymore but there are so many other
coins, of course some of those will fail, others will probably change their direction of
development but for me the important thing is that the hard drives that I already have will
be capable of mining other coins and not just Chia and I was absolutely sure that this will happen
at one moment because the technology is great, the idea of farming Crypto on a hard drive is so much
better than using expensive electricity on video cards and GPUs and I personally feel super happy
to see that there are forks so the people the farmers can choose which Crypto they want to farm
and not to limit their farming just to Chia but one more time it's a personal decision which ones
you want to do pay attention to those two websites, the calculator and the Chia forks and you will
know at any moment which chia forks bring the most rewards because this is the important thing at
the end of the day especially if you are swapping your rewards into Bitcoin, Ethereum, Stable coins or
just withdrawing the cash at the end of the month. In this case just make sure to farm the coins that
have the biggest rewards monthly at any moment. I really thank you for staying with me until the
end of the video be positive, the technology of Bram Cohen is fantastic according to me I'm pretty
sure that this is the beginning of the development because there are millions of people around the
world that have free space on their hard drives and it will be so useful for everyone to farm
Crypto from home easily using just the hard drives and the computer they have at home which will
make the crypto farming quite popular. Make sure to drop any questions below I'll be super happy
to answer you, I do my best to respond quickly and if you have found the video useful I'll be super
happy if you support it with a huge like, I thank you for staying with me I love you, thanks for
the support and I will see you guys soon. Cheers Cheers!
