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Topic: [ANN][PHS][50% PoS] PhilosopherStone | NoPremine |10 month Dist | 1.6.4.1 - page 66. (Read 121954 times)

newbie
Activity: 42
Merit: 0
Trying to learn about different altcoins, and thought I would share this here, I like the idea of a Philosophers Coin.
https://bitcointalksearch.org/topic/what-will-happen-to-your-favorite-alt-coin-321086
sr. member
Activity: 294
Merit: 250
anyone interested in a CoinEX pool for PHS ?
newbie
Activity: 34
Merit: 0
Looks like I have a transactions that is stuck:

http://coin-base.net/philosopherstone_blockcrawler/index.php

THis was a transfer to cryptsy, still not appearing. any ideas? I also created a ticket with cryptsy in case the issue is on their end.

Been seeing the same problem since last week. I've transfers to Cryptsy that now show several 1000s of confirmations on the block explorer but haven't made it there.
Transfers out of Cryptsy don't appear on the block explorer and are lost. I've opened a support ticket but it doesn't seem as if they are particularly interested in resolving it.
sr. member
Activity: 280
Merit: 250
Palmdetroit, when POW mining almost run its course what you planning to do with 50% of pos-mining? no economy will sustain 50% annual inflation...
That is ACTUALLY Mathematically WRONG because that would require that NO TRANSACTIONS OCCUR AT ALL, thus allowing ALL COINS to develop full Coin-age creating 50% inflation of the number of coins, which if distributed across the network (ie. held widely / democratically distributed vs. being issued by one issuer).  So, transactions create a deflationary force counteracting this POS coin creation.  PHS really needs more transactions, one of the quick ways to get more people interested in PHS would be for authors on REDDIT.COM to start accepting PHS.  - digeros
sr. member
Activity: 840
Merit: 251
Looks like I have a transactions that is stuck:

http://coin-base.net/philosopherstone_blockcrawler/index.php

THis was a transfer to cryptsy, still not appearing. any ideas? I also created a ticket with cryptsy in case the issue is on their end.
full member
Activity: 127
Merit: 100
Palmdetroit, when POW mining almost run its course what you planning to do with 50% of pos-mining? no economy will sustain 50% annual inflation...
full member
Activity: 127
Merit: 100
sr. member
Activity: 448
Merit: 250
Is there a block explorer somewhere for phs?  I think there is some forking going on
sr. member
Activity: 434
Merit: 250
sheinsha, do you know how much reward now?
Last block found         "amount" : 32.00000000,
So we have officially halved Shocked
full member
Activity: 127
Merit: 100
sheinsha, do you know how much reward now?
sr. member
Activity: 434
Merit: 250
No one mining at the pool?
phs.minar.cc
I'm mining PHS in your pool.
I'm trying to understand PHS.
What is PoS and being paid interest? Do I have to leave coins in wallet? Does the pool earn interest?
What about double payout for first 5 days. Is that solo mining or the pool, or was that 5 days a year ago?
POS is Proof of Stake and depends on coin-age, so coins must "rest" in a wallet (like savings).
I believe most wallets on servers/Pools are not "Unlocked" for POS generation, so if you want to get your POS coins, you should bring all your coins together in a main wallet on your machine and unlock the wallet regularly to receive your POS coins.

To get POS shares (from a password protected wallet), unlock your wallet with the console command : walletpassphrase PASSWORD 999999 true

Yes the double payout was for the first five days of the BlockChain (to promote the POS side of the network by creating enough coin age to matter)- so long gone are those days.
-digeros

Exactly!
Aurum, if you need help setting up you phs.minar.cc account to autocashout to your wallet so you can take advantage of the PoS block generation let me know here (or PM Me) ! It is very easy.
full member
Activity: 127
Merit: 100
how can we see a reward now?
newbie
Activity: 37
Merit: 0
Past the halving point Cheesy
What? PHS didn't triple in value yet Huh

@Palmdetroit
Assuming the POW/POS block ratio remains constant, next halving will be at ~1,940,000 coins and total coins when POW mining stops ~2,565,000 coins.

The ratios will not remain constant, so these numbers may be too much, or too little, time will tell. However it's bounded up by ~5,700,000 mined coins, you cannot go beyond that, and each POS block lower this bound further.

Still didn't triple in value Huh weird.
full member
Activity: 139
Merit: 100
It's interesting to see what will happen with PHS after reward halving.
full member
Activity: 127
Merit: 100
are you ready to halving reward? Smiley
newbie
Activity: 19
Merit: 0
Swift Mint Philosopherstone Mining Pool Now Open

I have just launched a new PHS pool and I am looking for miners to help it get off the ground.
The pool can be found at http://phs.swiftmint.com.
Hope to see you there!

STRATUM ADDRESS

stratum+tcp://phs.swiftmint.com:3311

DETAILS

Reward type is PPLNS
Block is paid after 60 confirmations.
Variable difficulty (VARDIFF) is enabled.
There is currently a 1% pool fee.
legendary
Activity: 910
Merit: 1000
PHS 50% PoS - Stop mining start minting
Block halving is soon  Grin

At What block height??? -D

64,000 or in about 500 blocks

or 64,800 Huh

        // Subsidy is cut in half every 64,800 blocks, which will occur approximately every 3 months
        nSubsidy >>= (nHeight / 64800);

720*90 ya, Guess I just like the clean 64,000 number  Grin So it's gonna be awhile longer.

going to search through the code in case I didn't see 64,000 someplace
newbie
Activity: 37
Merit: 0
Block halving is soon  Grin

At What block height??? -D

64,000 or in about 500 blocks

or 64,800 Huh
sr. member
Activity: 280
Merit: 250
No one mining at the pool?
phs.minar.cc
I'm mining PHS in your pool.
I'm trying to understand PHS.
What is PoS and being paid interest? Do I have to leave coins in wallet? Does the pool earn interest?
What about double payout for first 5 days. Is that solo mining or the pool, or was that 5 days a year ago?
POS is Proof of Stake and depends on coin-age, so coins must "rest" in a wallet (like savings).
I believe most wallets on servers/Pools are not "Unlocked" for POS generation, so if you want to get your POS coins, you should bring all your coins together in a main wallet on your machine and unlock the wallet regularly to receive your POS coins.

To get POS shares (from a password protected wallet), unlock your wallet with the console command : walletpassphrase PASSWORD 999999 true

Yes the double payout was for the first five days of the BlockChain (to promote the POS side of the network by creating enough coin age to matter)- so long gone are those days.
-digeros
sr. member
Activity: 453
Merit: 250
dfgfdgfdg
No one mining at the pool?
phs.minar.cc
I'm mining PHS in your pool.
I'm trying to understand PHS.
What is PoS and being paid interest? Do I have to leave coins in wallet? Does the pool earn interest?
What about double payout for first 5 days. Is that solo mining or the pool, or was that 5 days a year ago?
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