Chia Price (XCH)
Chia Price Chart (XCH/USD)
Last updated 02 Aug 2023, 14:15PM UTC. Currency in USD.
|1||Huobi Global||XCH / USDT||$31.15||0.38%||$2,299,961|
|2||OKX||XCH / USDT||$31.18||0.03%||$622,549|
|3||XT.COM||XCH / USDT||$31.51||0.10%||$489,827|
|4||CoinW||XCH / USDT||$31.43||0.43%||$306,729|
|5||Pionex||XCH / USDT||$33.36||0.10%||$190,089|
|6||Digifinex||XCH / USDT||$31.33||0.30%||$152,477|
|7||LBank||XCH / USDT||$31.38||0.06%||$132,475|
|8||MEXC Global||XCH / USDT||$31.21||0.10%||$111,770|
|9||BitMart||XCH / USDT||$31.38||0.48%||$103,076|
|10||Gate.io||XCH / USDT||$34.10||0.09%||$101,545|
|11||Deepcoin||XCH / USDT||$31.15||0.19%||$93,876|
|12||BKEX||XCH / USDT||$35.07||0.30%||$81,718|
|13||BingX||XCH / USDT||$31.18||0.26%||$72,519|
|14||KuCoin||XCH / USDT||$31.55||0.21%||$44,525|
|15||OKX||XCH / USDC||$40.10||0.22%||$19,124|
|16||Huobi Global||XCH / BTC||$43.25||0.63%||$17,585|
|17||Bitfinex||XCH / USD||$1.01||3.37%||$13,969|
|18||CoinEx||XCH / USDT||$31.19||0.51%||$11,488|
|19||Gate.io||XCH / ETH||$28.70||0.83%||$10,629|
|20||Hotbit||XCH / USDT||$36.07||0.68%||$9,079|
|21||Crypto.com Exchange||XCH / USD||$33.73||0.53%||$3,681|
|22||OKX||XCH / BTC||$31.75||0.33%||$3,383|
|23||CoinEx||XCH / BTC||$31.19||0.70%||$3,209|
|24||Bibox||XCH / USDT||$37.96||0.29%||$176,900|
|25||Indodax||XCH / IDR||$31.08||0.51%||$134|
|26||CITEX||XCH / USDT||$21.98||47.50%||$2,473,944|
|27||Hoo.com||XCH / USDT||$52.59||23.61%||$367,449|
|28||AEX||XCH / USDT||$31.68||0.82%||$22,241|
|29||ZB||XCH / USDT||$36.61||0.16%||$339|
|30||HitBTC||XCH / BTC||$35.05||0.60%||$152|
|31||HitBTC||XCH / USDT||$34.64||0.26%||$2|
|32||ZB||XCH / QC||$22.74||18.69%||$632|
XCH Price Statistics
- Chia Price Now $31
- 24h Low / 24h High $31 / $32
- Trading Volume $4,731,921
- Market Cap Rank #135
- Market Cap $250,731,506
- Volume / Market Cap 0.0189
May 15, 2021
Jun 13, 2022
Chia Cryptocurrency: A Beginner's Guide
What is Chia?
Chia is a digital cryptocurrency that was created by Bram Cohen, the same person who invented the popular peer-to-peer file sharing protocol called BitTorrent. Launched in 2018, Chia aims to provide a more energy-efficient alternative to traditional cryptocurrencies like Bitcoin.
How Does Chia Work?
Chia operates on a new consensus algorithm called Proof of Space and Time (PoST), which is different from the Proof of Work (PoW) algorithm used by Bitcoin. Instead of relying on the computational power of miners to solve complex mathematical puzzles, Chia utilizes unused storage space on hard drives to secure the network.
Users can participate in Chia's network by allocating storage space on their computers for storing cryptographic plots. These plots act as proofs that a certain amount of space has been dedicated to supporting the blockchain. Validators, also known as farmers, can then use these proofs to create new blocks and earn Chia coins as rewards.
Advantages of Chia
- Energy Efficiency: Chia's Proof of Space and Time algorithm consumes significantly less energy compared to PoW-based cryptocurrencies. This makes it a greener and more sustainable option.
- Low Barrier to Entry: Unlike Bitcoin mining, which requires expensive specialized hardware (ASICs), Chia farming can be done using regular hard drives. This lowers the entry barrier and allows more people to participate.
- Decentralization: Chia aims to distribute wealth more evenly by discouraging the concentration of mining power in the hands of a few. Its farming system is designed to be more equitable and accessible to individual users.
Considerations for Chia Miners
While Chia offers several advantages, there are a few considerations to keep in mind for those interested in mining this cryptocurrency:
- Storage Space: Chia mining requires a significant amount of storage space. As the network grows, so does the demand for storage. Ensure you have enough capacity to accommodate and scale your mining operations.
- Hardware Reliability: Since Chia farming primarily relies on hard drives, it is crucial to use reliable hardware to minimize the risk of data loss or drive failures. Backup solutions are also recommended.
- Market Volatility: As with any cryptocurrency, Chia's value can experience volatility. Understand the risks associated with market fluctuations and consider diversifying your investments.
Chia cryptocurrency, with its innovative Proof of Space and Time algorithm, offers a more energy-efficient and accessible alternative to traditional cryptocurrencies. By utilizing unused storage space, Chia aims to enhance decentralization and reduce the environmental impact typically associated with crypto mining. As the cryptocurrency landscape continues to evolve, it is essential to stay informed and evaluate the risks and benefits before getting involved.