Topic: [ANN] Phicoin (PHI) Φ : The PoW High-Performance Infrastructure 🚀 - page 2. (Read 726 times)

Thank you all for your continued support and engagement with the Phicoin project! Over the first day of testing, we’ve gathered some frequently asked questions from our community. In this summary, we aim to address common topics of interest and provide clear guidance moving forward.

We are also excited to announce the launch of Phicoinbot 🤖, an AI Agent now available in our dedicated FAQ channel, ready to assist with your inquiries at any time.
🔑 Key Features of Phicoinbot:

    Real-Time Assistance: Phicoinbot is always online to provide instant answers to your questions.
    Continuous Learning: As more questions are asked, Phicoinbot evolves by learning from the community’s daily interactions.
    Transparency: All Q&A interactions are recorded and accessible, allowing members to benefit from previously answered questions.




Join our FAQ channel on Discord here: https://discord.gg/nxYEM6kDqj 🎉

We encourage everyone to actively participate in the FAQ channel and help grow the Phicoin knowledge base. Every interaction helps Phicoinbot improve and ensures better service for the entire community.

Thank you for your ongoing contributions. Let’s build a stronger Phicoin ecosystem together! 💪 If you have further questions, don’t hesitate to ask Phicoinbot in the FAQ channel.

The Phicoin Team
October 25, 2024

Total Supply ∞
Umm Why?

It seems there is no proof the mining work is actually doing on Phicoin test network 
The pool may proxy to mine other kawpow hash coins.
Has anyone any idea how to check this is genuine testing for a new coin?

Why is this better than private + asic resistant monero?

Kawpow has a large user base, and we hope that the initial 210 million coins will be more decentralized.
We are working hard to make phihash perform consistently on different platforms. AMD/Nvidia/Intel, and compatible with the latest drivers. We hope that hardware in the same price range can get similar benefits, thus promoting fairness.

Kawpow has a large user base, and we hope that the initial 210 million coins will be more decentralized.
We are working hard to make phihash perform consistently on different platforms. AMD/Nvidia/Intel, and compatible with the latest drivers. We hope that hardware in the same price range can get similar benefits, thus promoting fairness.

Better than kawpow in ASIC/FPGA resistance

why is the test done on the kawpow algorithm and not phihash?
https://pools4mining.com

More kawpow?

ANN: Phicoin (PHI) - The PoW High-Performance Infrastructure 🚀

Phicoin (PHI) is ushering in a new era for Proof-of-Work (PoW) cryptocurrencies, focusing on fairness, decentralization, and high performance. With our innovative Phihash algorithm, we are building a fully decentralized, miner-led, high-performance blockchain infrastructure designed for sustainable mining rewards. Join the test mining phase today to experience decentralized mining at its best!

🌟 Phicoin Background, Mission, Vision, and Technical Highlights

Background
Phicoin (PHI) is designed to provide ordinary users with a fair and decentralized opportunity to participate in the Proof-of-Work (PoW) ecosystem. In the early days of Bitcoin, anyone with consumer-grade hardware could mine and contribute to the network. However, the rise of specialized ASIC and FPGA devices led to the centralization of mining activities, making it difficult for average individuals to benefit from PoW mining. With Ethereum's transition to Proof-of-Stake, many GPU miners lost their stable mining income, leaving a gap in the market for a fair, high-performance, and scalable PoW cryptocurrency.

Phicoin addresses these challenges by enhancing resistance to ASIC and FPGA devices and promoting fair participation through an improved mining algorithm, Phihash. By utilizing modern GPUs, Phicoin provides everyone with an opportunity to contribute and maintain the network, promoting decentralization and community ownership.

Mission
Phicoin's mission is to create a decentralized and fair mining ecosystem, where:
- Every user, whether an ordinary gamer or a small miner, can fairly earn rewards in the PHI network.
- High performance and scalability are provided to meet the needs of modern financial applications.
- Phicoin serves as foundational infrastructure for future PoW cryptocurrencies, supporting more decentralized applications.

Vision
Phicoin envisions becoming a PoW cryptocurrency that offers fair participation to everyone, allowing individuals to use their own equipment to contribute collectively to the network. The project emphasizes complete decentralization, ensuring that the infrastructure is maintained by its community of participants. We aim to create a long-term, sustainable PoW infrastructure that fosters innovation, fairness, and high performance in the blockchain space.

🎯 Key Features & Advantages of Phicoin:

• Φ - Fair Distribution – No pre-mine, no pre-sale, and entirely designed for PoW miners. Phicoin ensures that every token is distributed fairly through mining.
  
• Φ - Open Participation – Open to both gamers and small miners, with rewards based on modern consumer GPUs.
  
• Φ - ASIC-Resistant Mining – Uses the Phihash algorithm to prevent ASIC and FPGA domination, maintaining mining fairness.
  
• Φ - High Throughput – 15-second block times and 1,092 TPS ensure scalability and fast transactions.
  
• Φ - Sustainable Hardware Requirements – Phases out outdated hardware gradually, keeping the network sustainable.
  
• Φ - Controlled Inflation – Dynamic rewards halving to ensure sustainable development while avoiding early monopolization.
  
• Φ - FP32 Optimization – Fully utilizes FP32 operations for high mining efficiency with gaming GPUs.
  
• Φ - Cross-Chain Integration – Future plans to connect Phicoin with Solana and Ethereum networks for expanded use.
  

Step-by-Step ⚡ Guide to Participate in Phicoin Test Mining Phase:

Step 1 - Generate a Phicoin Wallet 🏦
To participate in test mining and the upcoming mainnet launch, you need a Phicoin wallet. Follow these steps to generate your wallet securely.

• Download the Wallet Generation Tool:  
  🔗 Download Wallet Tool  
  Extract the .7z archive using tools like 7-Zip or WinRAR.
  
• Run the Wallet Generation Tool:  
  Double-click genPhicoinWallet.exe after extraction. Ensure the tool is run on a secure machine to avoid malware risks.
  
• Save Your Private Key & Wallet Address:  
  Your keys and address will be displayed in the GUI and saved as wallet.txt. Keep this file secure.
  
• ⚠ Important Security Reminders:
  
  • Never share your private key.
    
  • Store the private key offline in a secure place.
  • Use your WIF key to restore your wallet when the mainnet launches.
    
  • Download the wallet tool from official sources only.
    

Step 2 - Connect to the Test Mining Pool ⛏️
Participate in Phicoin's test mining phase using the Kawpow algorithm, ensuring decentralized mining with consumer-grade GPUs.

• Test Mining Details:
  
  • Algorithm: Kawpow (ASIC and FPGA resistant)
    
  • Mining Period: October 24th – 14 days
    
  • Mainnet Launch: One week after test phase ends
    
  • Rewards: 210 million PHI distributed based on Hash Shares
    
  • Hardware Requirements: GPUs with at least 4 GB VRAM
    
• Connect to the Mining Pool:
  
  • Server: testmining.pool.phicoin.net
    
  • Port: 16666
    
  • Protocol: stratum+tcp
    
• Download the Mining Software:  
  💾 Download Kawpowminer
  
  
• Configure the Miner:  
  Extract the mining software and open a terminal or command prompt in the miner’s directory.
  
  
• Run the Mining Command:  
  

Replace:

• YourPhicoinAddress: Your generated Phicoin wallet address.
  
• YourRigName: A unique name for your mining rig.
  

🌐 Useful Links & Resources:
- Website  
- Mining Pool  
- Discord  
- X (formerly Twitter)  
- Telegram Group  
- Phicoin Whitepaper

🚀 Don't Miss Out!
Join Phicoin's Test Mining Phase and be part of a decentralized revolution! Secure your Hash Shares and prepare for the mainnet launch. Phicoin ensures everyone has a fair shot at mining—whether you are a gamer or a small-scale miner. Let’s mine together for a better future!  
Read more: Test Mining Introduction


[PHICOIN Logo Design Contest Update!! | Win 1000 PHICOIN + $100 USDT!]

Contest Update:  
Calling all designers! Help create PHICOIN’s official logo as we gear up for our mainnet launch. The logo must include the Greek letter Phi (Φ).

How to Enter:  
Submit your design in the “logo-submissions” channel on PHICOIN’s Discord.

Rewards:  
Top design wins 1000 PHICOIN + $100 USDT! Every participant receives 1 PHICOIN as a thank-you.

Deadline Extended:  
Submit by November 5th, 11:59 p.m.

Join us on Discord: Discord Link

Join us in shaping PHICOIN’s future—good luck!