@TexasWine: I have not done much research on no-chill myself, mostly because my current method of cooling works perfectly for me and I have no intent, nor a need to change things. None of the referenced advantages below really pertain to me. I don't brew 50 gallons at a time and water is free where I rent.
https://www.homebrewtalk.com/wiki/index.php/No_Chill_Method
Advantages:- Minimal cost (no chiller required to make all grain beer, only a cube)
- Minimal time and efforts required (the time required to chill the wort on brew day is avoided)
- Minimal water required (water is only used for sanitation)
- Storability of the wort for extended periods (wort production does not have to coincide with yeast starter preparation)
- Ability to make wort in bulk and store for later fermentation
- Portability of wort in the cube
Disadvantages: Some research into the no-chill method will bring up some criticism of the method. Arguments against include:
- Beer haziness
- Problems with long term beer stability
- Loss of hop aroma
- Increased bitterness
- Leeching plastic
- DMS production
- And, in the extreme, the risk of botulism (a deadly anaerobic bacteria)
That last part really has me worried... Here is an entire article on it:
http://beerandwinejournal.com/botulism/