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PHS Philosopherstone

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2ch8ift.png   PHILOSOPHERSTONE PHS  

The 'squared circle' or 'squaring the circle' is a 17th century alchemical glyph or symbol for the creation of the Philosopher's Stone. The Philosopher's Stone was supposed to be able to transmute base metals into gold and perhaps be an elixir of life.

Philosopherstone (PHS) - a fork of Diamond, with several algorithms fixed and improved. It is decendent of Novacoin/PPCoin with Pow/PoS. It combines the great features from Luckycoin (random blocks) and Florincoin (transaction message), is launched! No Premine!

There were a couple of new PoW/PoS coins launched recently, most have problems with PoS generation. Either we see zero-coin PoS blocks generated, or the generation is not accurately reflected in desired PoS percentage. In Philosopherstone we fixed these issues, and after 5 days the PoS blocks will be generated reflecting the precise interest rate defined by the coin (in this case 50% annual interest or 3.44% monthly interest).

Proof of stake coin is more secure and is much more resilient to 51% attack. Since 51% hashpower is not enough to execute the 51% attack. The attackers must also have at least 51% stake in the coin. 

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 days.

 

Website
http://philosopherst....wordpress.com/ 

SPECIFICATIONS

Each normal block has 64 Philosopherstone 2 minutes block time Difficulty retargets every block  Mining payout will be halved every 3 months (or every 64800 blocks) Expected total mined coins will be 8,891,840 Philosopherstones 4 confirmations for transactions 50 confirmations for minted blocks Support transaction message Maximum number of Philosopherstones to be generated is 2 billion

 

BLOCK REWARD

Random bonus blocks are (on average): 1 superblock of 512 Philosopherstones every day 1 superblock of 128 Philosopherstones every hour (24 such blocks per day) When getting superblocks, different images will displayed, so it is easy to see.

 

PORTS

P2P Port:  16281 RPC Port:  16282

 

DOWNLOADS
Version 1.2.5

Windows

https://sourceforge....tone/files/PHS/

 

Source Code
https://github.com/p...hilosopherstone

Sample philosopherstone.conf:

listen=1
daemon=1
server=1
rpcuser=**Yourusername**
rpcpassword=**Yourpassword**
rpcport=16282
rpcconnect=127.0.0.1
addnode=50.30.139.158
addnode=76.91.4.69
addnode=173.230.121.83
addnode=42.115.18.232

Getting Started:

1. Start up philosopherstone-qt, wait for it to load, then exit.
2. Put philosopherstone.conf (see sample file above) in your c:/users/**yourcomputername**/AppData/Roaming/Philosopherstone
3. Restart philosopherstone-qt, and you should connect and sync.
4. For solo mining, launch cgminer or the mining program you use and begin mining.

cgminer.exe --scrypt -o localhost:16282 -u **yourusername** -p **password** (without **)

POOLS

 

Stratum mining pool
Pool fees 1%, 60 block confirms for fast payouts, and only 0.01 PHS payout fee to pay the actual transaction fee.
http://phs.minar.cc

Start your miner using the following parameters:

PORT:   3338
USER:   username.worker
PASS:   workerPass

 

Lucazane's pool
http://phs.theblocksfactory.com/

 

EXCHANGES

 

CoinEX

https://coinex.pw/

 

Cryptsy Exchange

https://www.cryptsy.com/

 

SERVICES / OTHER

 

None available.


 


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