We are closing - a difficult decision

As of today, we need to announce that chiahub.io, an EU-based pooling service for Chia farmers, is going to close on March 17th.

First of all, we want to thank all our farmers and supporters who joined our journey in the last 2.5 years. It was a hell of a ride, and we do not regret a single day. This decision was not made lightly, but after careful consideration, we believe it is the right course of action for us as a company.

You might ask why we are closing in the middle of a new high in the crypto market. We started with a vision and a plan for Chia and our pool, and as an EU-based company, we had a business plan, too. While we initially aimed to provide a platform for small-scale farmers, the reality is that even with a small number of plots, success is becoming elusive. Operating a Chia pool involves significant infrastructure costs. From maintaining servers to ensuring security and reliability, these expenses add up. Unfortunately, despite our best efforts, the costs have become unsustainable, and the Chia price is far from what we anticipated in our business plan to at least operate break even.

We want to assure our users that this decision was not made lightly. As an officially registered EU-based business, we've always been committed to transparency and security. Our name and reputation are at stake, and we've put our heart into building chiahub.io. But we are at a point where this is just not enough to keep the pool running.

What's next? What about open payments?

While chiahub.io will cease operations, we encourage our users to explore other reputable pools that align with their goals. We appreciate your support and hope you find success elsewhere. We are going to stop claiming block wins on March 15th. On March 17th, we are going to do our last round of payments to all pool members. Even if you leave the pool before the 17th, you will receive any XCH you own from chiahub.io. If you win a block after March 15th, you need to claim your win yourself to earn all XCH from it.

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