The new cryptocurrency is called Chia and was created by Bram Cohen, who is best known as the creator of the BitTorrent peer-to-peer protocol. Chia uses a proof of space model , unlike, for example, the proof of work model that bitcoin uses. Chia relies on the amount of storage it uses and does not waste large amounts of electricity like Bitcoin does.
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In the second stage, farming begins using the constructed plots. The probability of getting a coin is proportional to the number of plots. Farming itself does not require a lot of resources, and enthusiasts connect large external hard drives to energy-efficient computers (including the Raspberry Pi 4)