[ANN][PHS][50% PoS] PhilosopherStone | NoPremine |10 month Dist | 1.6.4.1 - page 63.

YoyodyneSystems

legendary

Activity: 1386

Merit: 1023

Congratulations! As of a few minutes ago Philosopher's Stone is on Coinmarketcap.com.

There is little sell resistance on this coin all the way to 0.00060000 and beyond.

Currently at 0.00022764. Considering BTC is down right now and this coin has pretty much done nothing but go up.
And I love the PoW interest factor. Holding makes you more coins.

And then there is this - 8.891 million max coins :
"Expected total mined coins will be 8,891,840 Philosopherstones (Current estimate <3million)"
And only 1,497,659 PHS exist now.

I like the fact it didn't go down 50-70% like some of the other alts the last 2 days.

Well here we go.... Something to take the sting off the last 2 days.

forbitz

newbie

Activity: 9

Merit: 0

Quote from: ?? on ??

Quote from: forbitz on December 17, 2013, 03:52:21 PM

The price is dropping like other coins, any particular reason or is it just following the other coin trends? Also, is there any other markets taking on the coin? I noticed btc38 has the coin listed but I dont think its available for trading yet?

for what I've seen a bull market in BTC is generally good on all alts, and the current Bear market is bad, always exceptions. Yes there are two active, see first post, will check on btc38

Its under the alt coin tab on btc38

forbitz

newbie

Activity: 9

Merit: 0

Quote from: colinistheman on December 17, 2013, 05:43:13 AM

Thanks. I just got your new 1.2.6 client and I mined my first PHS coin on dmd.minar.cc pool.

I am brand new to this coin, and I have a question:

How does interest work on a cryptocoin such as PHS?

The Philosopherstone site says: "Philosopherstone provides annual interest rate of 50%, for stakes that are not moved during the period. This equivalent to 3.44% monthly interest. PoS blocks will be generated if the stake is held for more than 5-10 days."

Does this mean if I own 500 PHS coins, then after 1 year if I do not touch them, I willl suddenly have 750 PHS?

Can someone explain fully what happens and how interest works?

Lastly, wouldn't that mean there would be way more than 8.8 million total PHS coins made, due to the interest growth? it would seem there would be no actual limit to the number of coins in circulation.

2 pages back I asked similar questions and got answers

essentially yes they earn interest if you keep the wallet open or open it every 5-10 days

forbitz

newbie

Activity: 9

Merit: 0

The price is dropping like other coins, any particular reason or is it just following the other coin trends? Also, is there any other markets taking on the coin? I noticed btc38 has the coin listed but I dont think its available for trading yet?

colinistheman

hero member

Activity: 907

Merit: 1003

Thanks. I just got your new 1.2.6 client and I mined my first PHS coin on dmd.minar.cc pool.

I am brand new to this coin, and I have a question:

How does interest work on a cryptocoin such as PHS?

The Philosopherstone site says: "Philosopherstone provides annual interest rate of 50%, for stakes that are not moved during the period. This equivalent to 3.44% monthly interest. PoS blocks will be generated if the stake is held for more than 5-10 days."

Does this mean if I own 500 PHS coins, then after 1 year if I do not touch them, I willl suddenly have 750 PHS?

Can someone explain fully what happens and how interest works?

Lastly, wouldn't that mean there would be way more than 8.8 million total PHS coins made, due to the interest growth? it would seem there would be no actual limit to the number of coins in circulation.

Tripmode

full member

Activity: 168

Merit: 100

I am pleased to announce the PHS Block Explorer!
http://www.phsblocks.com

The site also runs a Diamond block explorer. Please let me know of any bugs or issues you may discover.

Donations can be sent to:
BTC: 1trip99Hd2cCfWftbPzdbcmBD35KeKyKw
DMD:dXHDYczgN3VuM9kdrnAFEC6iscoCtvqzRF
PHS: 9Z9FZzczh77vc6GkTW32nG4FLwBB6fyVKi

I hope you all enjoy! If anyone could link to the site from their logs, mining pools, etc i would much appreciate it.

-Trip

Palmdetroit

legendary

Activity: 910

Merit: 1000

PHS 50% PoS - Stop mining start minting

Quote from: SoulSlayerPT on December 15, 2013, 03:39:33 PM

Hi guys, be carefull with cryptsy i tried to sell 257 PHS and they did just disappear and didn't receive the BTC. I just contacted support. I think the orders are not being processed.

Welcome to cryptsy , just click 'balances' at top, and then 'Audit' if you have issues like this.

katsoo

member

Activity: 70

Merit: 10

I love the logo

SoulSlayerPT

full member

Activity: 131

Merit: 100

Hi guys, be carefull with cryptsy i tried to sell 257 PHS and they did just disappear and didn't receive the BTC. I just contacted support. I think the orders are not being processed.

WillBit

newbie

Activity: 56

Merit: 0

Any chance of getting this mofo on coinmarketcap.com?

Will my coins generate interest if I leave them sitting on cryptsy?

forbitz

newbie

Activity: 9

Merit: 0

Cheers for the update, looks like cryptsy is having a bad day

forbitz

newbie

Activity: 9

Merit: 0

Quote from: ?? on ??

NP, You can just load up the client every so often, and sync , then leave it running until you see the stake generation, then close it. You can also leave it running 24-7 to maximize the compounding nature.

Here is what you will see: Notice the Incoming PHS on right, and stake amount left.

OK great thanks

Now if only my coins would transfer from Cryptsy Sad

Been about 6 hours now and nothing in my wallet, have opened a ticket, so fingers crossed

forbitz

newbie

Activity: 9

Merit: 0

Just so I understand this coin, I leave the coin in my wallet for 5-10 days and it starts accruing interest? When is the interest paid, does it just trickle in? Or have I missed the idea completely?

I noticed someone said you need to unlock the wallet every week, what does this mean? If I just leave the wallet open on a server I have running 24/7 will that suffice?

Thanks and sorry for the newbie questions.

digeros

sr. member

Activity: 280

Merit: 250

Quote from: ?? on ??

Quote from: lengfeng847 on December 13, 2013, 12:08:26 PM

Quote from: ?? on ??

Quote from: lengfeng847 on December 12, 2013, 03:53:25 PM

How can I recover my lost Phs

I sent 3000php to the address of cryptsy.com giving, I sent it faild, but My account has been deducted -3000

HELP !!!!

Cryptsy was down for a bit so I'm not sure what the situation is. Usually they wait 20-30-40 transactions or it takes sometimes hours to get credited.

the image
http://pan.baidu.com/s/1em1Fn

The problem is you sent a large transaction with too many smaller dust ones, next time use smaller transactions when having so many inputs, or maybe higher FEE. This would happen with any coin.

Here is solution:

https://bitcointalksearch.org/topic/m.3041569

On a technical level you asked the client to send the coins and it tried, but it will never be accepted on the network , so the coins will never leave. You still have the coins use this fix. If someone can translate this properly, thanks.

the answer is REFRESH WALLET by following these instructions:

NaNaec
Full Member
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Activity: 86

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Re: [ANN] Philosopherstone - PHS | No Premine | Mandatory update 1.2Beta3
August 30, 2013, 10:42:38 AM
#863
Ok, guys. I solved the problem with stuck transactions. If you have this problem too, try my method. Need delete ALL transactions from your wallet with PYWALLET (read this https://bitcointalksearch.org/topic/pywallet-22-manage-your-wallet-update-required-34028) utility (thanks to Palmdetroit), its not easy but it works. After installing all components, you can manage your wallet in web-interface with firefox and etc. (not only PHS, IMHO all qt-wallets will do). You need manually delete all transactions including those confirmed. After that empty wallet will synchronizes, gradually all of your good transactions will be added to the wallet, and stuck transactions does not appear in it. In the end, you'll have wallet with only verified transactions without any transactions with a "question mark". Looks like wallet working simply as ledger, and if the network has no trace of a failed transaction, it will not sync in your wallet. and your lost coins should reappear in your balance.
Thanks all who trying and really give me help.

-digeros

lengfeng847

member

Activity: 98

Merit: 10

Hello Bitcointalk

Quote from: ?? on ??

Quote from: lengfeng847 on December 12, 2013, 03:53:25 PM

How can I recover my lost Phs

I sent 3000php to the address of cryptsy.com giving, I sent it faild, but My account has been deducted -3000

HELP !!!!

Cryptsy was down for a bit so I'm not sure what the situation is. Usually they wait 20-30-40 transactions or it takes sometimes hours to get credited.

the image
http://pan.baidu.com/s/1em1Fn

lengfeng847

member

Activity: 98

Merit: 10

Hello Bitcointalk

Quote from: ?? on ??

Quote from: lengfeng847 on December 12, 2013, 03:53:25 PM

How can I recover my lost Phs

I sent 3000php to the address of cryptsy.com giving, I sent it faild, but My account has been deducted -3000

HELP !!!!

Cryptsy was down for a bit so I'm not sure what the situation is. Usually they wait 20-30-40 transactions or it takes sometimes hours to get credited.

PhoneBloks

full member

Activity: 238

Merit: 100

I am out of market

good luck, will join again later .. hope Tongue

Grim

sr. member

Activity: 506

Merit: 252

Quote from: sheinsha on December 12, 2013, 08:26:40 AM

Quote from: Grim on December 12, 2013, 07:36:18 AM

can or rather does the minar pool pay out the occasional double block? I have never seen one with the pool

What do you mean by double block grim?
I had a few issue paying a block two times on another pool, but i dont think it happened on phs.minar.cc

- Random bonus blocks (on average, at current difficulty):
- 1 Super-block of 256 Philosopherstones every day (1 in 720 chance)
- 1 Double-block of 64 Philosopherstones every hour (24 per day)

Palmdetroit

legendary

Activity: 910

Merit: 1000

PHS 50% PoS - Stop mining start minting

lengfeng847

member

Activity: 98

Merit: 10

Hello Bitcointalk

4 days have passed！

the Panel show the transmission Status is failed（Is a question mark）

cray！！

Topic: [ANN][PHS][50% PoS] PhilosopherStone | NoPremine |10 month Dist | 1.6.4.1 - page 63. (Read 121954 times)