There are several reasons for you to fork onto your own chain:
- A spike in hashpower will get your pool banned by other nodes on the network, if stratum remains connected to your wallet while your chain falls behind it will begin building its own chain without your wallet automatically resyncing to the main network.
- Core 8 has issues trying to deal with chain-forks, this will not be an issue (if your pool is not trying to go above 51%) once PHC can be upgraded to Core 10 (hopefully in the near future)

Multi-pool operator suggestions:
- Turn off the auto-coin switching feature for PHC so your pool hashrate is more stable and the other peers on the network "learn" the average correctly.
- Have a script verify blockheights from a block explorer.

Thank you!

Hello everyone. PHC is an experimental coin, I never expected this much interest from so many people so quickly. I do have other projects on the go (not related to crypto), this is my first coin "release", thanks for your patience and assistance. I am not making any promises about adding to exchanges please mine at your own risk.

For the past month: I have been fixing serious flaws in the source code that was used from some very popular coins out there right now, some have failed but others are still running with the same core issues PHC had. The PHC blockchain has been reset (everyone lost coins) a few times due to extreme forking with PoW/PoS mining. As of now, I feel those issues have been corrected. The PHC blockchain will not be reset and the longest chain during a fork will win.

Implementing a Firewall (I created) and a Dynamic Block Reward (I also created) was not a simple "copy and paste" task.  A small group of dedicated BETA testers have been helping me with that the past 20 days and so the available supply reflects their efforts. I would like to mention they used CPU solo mining and not ASICs like most people are right now. I did not make an "announcement" on BitcoinTalk due to the fact that most users expect a coin to be consumer ready as soon as they find it. This is an open-source project and early adopters that assist and improve it will most likely profit from the success, but that's not a guarantee... it exists in early development stages at this time.

I am trying to learn how to use Windows to compile a wallet in the next week, hopefully someone can beat me to that goal... I will give them a PHC masternode 10000 PHC  

If you're mining on a chain that's behind, yes they could be invalid. With CPU mining sometimes turning off the miner and letting the wallet properly sync was enough to restore close to 100% success rates.

The ideal hashrate for solving a block is lower than the net-hashrate NOT above or even close... the difficulty will re-adjust down too.

For example: a few miners have been CPU mining for a few weeks with only 10 KH and earning 40-60 PHC per block
When pools began to introduce GH of power, without slowly letting the difficulty adjust they drove the reward from 98 PHC to just 30 in only 1 block!

Temporarily increasing the hash-rates by a LOT will actually get you automatically disconnected and sometimes banned for up to 24 hours by the peers/nodes on the network and will result in orphan blocks.

I am still doing analysis on the ideal hashrate for the network but at this time, I know for-sure we've exceeded it by a lot.

Bitcoin core 8 has some issues with wallets struggling with orphan blocks, hopefully not too many peers are stalled. The correct block is 21395.
Bitcoin core 10 handles this with UpdateTip and soon PHC will be implemented.

Stalled wallets might need to reset their datadir (remove blk0001.dat, database, txtleveldb) and resync.

Why is PHC getting mined with such excessive hashrates? You earn more by mining efficiently...

Working on that... please have a bit of patience.

At this time CPU mining is not efficient, if the community would like in the future: the Firewall can be used to change that... 

Busy Dev - a small project for experimental ideas

It was announced on our forum Jan 5th
http://profithuntersclub.com/index.php?t=thread&frm_id=5&

Less than 1% has been mined to date...

Thank you, please provide your PHC address for bounty

I am sorry I can't compile the windows wallet, I am running Linux and have not had time to setup for cross-compiling yet, hopefully someone else from the community can assist (for a bounty).

You shouldn't need to compile secp256k1

cd src/
make -f makefile.unix

Sorry I just updated the docs in the github, still working on documentation & compiling

Thanks, please provide your PHC address and I will send you a bounty!

PHC is a Pow/PoS/Masternode-based cryptocurrency to be used for affiliate opportunities and online marketing.

Profit Hunters Coin (PHC) is a free open source decentralized project derived from Bitcoin,
with the goal of providing a long-term energy-efficient scrypt-based crypto-currency.
Built on the foundations of Bitcoin, Litecoin, PeerCoin, NovaCoin, CraveProject, Dash Masternodes,
XUVcoin, BATA, and Crypostle to help further advance the field of crypto-currency.



- Algorithm: Scrypt
- Genesis Date: GMT: Monday, January 1, 2018 10:00:00 PM
- Max Supply: 100 000 000 PHC
- Premine: 0 PHC
- ICO: no
- Air Drop: 0
- Block Spacing: 60 Seconds (1 minute)
- Diff Retarget: 2 Blocks
- Maturity: 101 Blocks
- Stake Minimum Age: 1 Hour
- Masternode Collateral: 10000 PHC
- Reward Distribution: 75% to Masternodes while 25% to Staking wallets.
- 30 MegaByte Maximum Block Size (30X Bitcoin Core)
- StakeCombineThreshold: 100 PHC (default)
- StakeSplitThreshold: 2 * StakeCombineThreshold





If you would like to start mining with the least amount of power as possible for the most profit: you can join a
pool when the network difficulty is high and the net-hashrate is low, this will cause the block reward
to increase in value!

If you decide to start mining with a lot of hash-power during a time of low difficulty: the block reward
will decrease in value making it very difficult to earn a profit for your extreme efforts. Not to mention by doing
so, you drive the difficulty up significantly, and if that triggers a pool's auto-coin switching script to move onto another
alt-coin, then your mining efforts in terms of increased revenue will actually go to the workers who remain on the
network consistently.

Reward adjustments based on network hasrate, previous block difficulty simulating real bullion mining.
If the difficulty rate is low; using excessive work to produce low value blocks does not yield large return rates.
When the ratio of difficulty adjusts and the network hashrate remains constant or declines:
The reward per block will reach the maximum level, thus mining becomes very profitable. This algorithm is intended
to discourage greater than 51% attacks, or malicous miners. It will also act as an automatic inflation adjustment based on
live network conditions.



Minimum PoW Reward: 1 PHC

Block #1 Up to 50000                 [Max PoW: 100 PHC]      [Max PoS: 1000% APR]
Block #50001 Up to 120000       [Max PoW: 50 PHC]        [Max PoS: 500% APR]
Block #120001 Up to 150000     [Max PoW: 25 PHC]        [Max PoS: 250% APR]
Block #150000 Up to 200000     [Max PoW: 12.5 PHC]     [Max PoS: 125% APR]
Block #200001 Up to 250000     [Max PoW: 6.25 PHC]     [Max PoS: 250% APR]
Block #250001+                         [Max PoW: 3.125 PHC]   [Max PoS: 250% APR]

PoW Block Value = SubsidyMax - (NetworkHashPS / Difficulty)

A few examples (Max 50 PHC):

Hashrate: 52766
Difficulty: 92953
Block value: 49.43 PHC

Hashrate: 52766
Difficulty: 929530
Block value: 49.94 PHC

Hashrate: 527660
Difficulty: 92953
Block value: 44.32 PHC

Hashrate: 5276600
Difficulty: 92953
Block value: 1 PHC





World's first Bitcoin Core 8 implementation of connections firewall & intelligent attack detection

Bitcoin Firewall uses a very unique method for detecting potential hard-fork chain-attacks coupled with specific
block chain DDoS flooding. All connected nodes/peers are examined by the amount of data they're sending or
receiving from a peer with the firewall enabled. If bandwidth usage is greater than the limits set, the connecting
node is further examined to verify their blockchain start & sync height is within safe limits;
The average among all peers connected. Range based blockchain checkpoints that use averages of live blockchain sizes
further enhance security by limiting potential attacks known as >51% of distributed hashing power (double-spend, Sybil attack).

Once a potential attack is detected the connected node/peer is forcefully terminated and added to a session blacklist.
Configuration options, as well as long-term blacklist storage and future sharing among peers will be implemented during
future developments.


- Official Website: http://profithunterscoin.com
- PHC Whitepaper: http://profithunterscoin.com/PHC-Whitepaper-1.0.pdf
- DEX Whitepaper: https://profithunterscoin.com/dex/PHC-DEX_WHITEPAPER-1.0-Overview.pdf
- DEX Initial Node Offering: https://profithunterscoin.com/dex/?PAGE=yournode
- Github Source Code: https://github.com/profithunterscoin/phc/
- Wallet Bootstrap: http://profithunterscoin.com/bootstraps/bootstrap.dat
- Wallet Binary Releases: https://github.com/profithunterscoin/phc/releases
- Block Explorer #1: http://explorer.profithunterscoin.com (Official)
- Block Explorer #2: http://explorer2.profithunterscoin.com (WARNING: STUCK ON OLD CHAIN!)
- Block Explorer #3: http://explorer3.profithunterscoin.com (WARNING: STUCK ON OLD CHAIN!)
- Exchange #1: https://graviex.net/markets/phcbtc (use caution!)
- Exchange #2: https://masternodexchange.com/markets/phcbtc (WARNING: STUCK ON OLD CHAIN!)



- Telegram: http://telegram.profithunterscoin.com
- Discord: http://discord.profithunterscoin.com
- Forum: http://forum.profithunterscoin.com
- Slack: http://slack.profithunterscoin.com
- Reddit: https://www.reddit.com/r/ProfitHuntersCoin/
- Facebook: https://fb.me/ProfitHuntersCoin
- Coincodex: https://coincodex.com/crypto/profit-hunters-coin/


- Exchange - Add Coin (10000 PHC)
- Mac Wallet (1000 PHC)
- Signature/Post On Social Networks (100 PHC)
- Translations (1000 PHC)
- Block Explorer (1000 PHC)
- Mining Pool (1000 PHC)
- Windows Wallet (1000 PHC)


- Mining Pool: http://pool-1.profithunterscoin.com
- Mining Pool: http://pool-2.profithunterscoin.com
- Mining Pool: http://pool-3.profithunterscoin.com


- Leave your coins in your wallet and make sure it's online and connected to other nodes
- Staking rewards are paid automatically to your wallet addresses.


- Marketing to more exchanges, forums, and social networks
- Integrating PoW/PoS/Masternode source code into Bitcoin Core 10
- Creating a social network platform for beginner to advanced crypto-currency users and affiliates.
- We welcome suggestions too... JOIN THE TEAM!



PHC includes an Address Index feature, based on the address index API (searchrawtransactions RPC command) implemented in Bitcoin
Core but modified implementation to work with the PHC codebase (PoS coins maintain a txindex by default for instance).

Initialize the Address Index By Running with -reindexaddr Command Line Argument. It may take 10-15 minutes to build the initial index.

Main:
- Port: 20060
- RPC Port: 20061
- Magic Bytes: 0x1a 0x33 0x25 0x88

Test:
- Port: 20062
- RPC Port: 20063
- Magic Bytes: 0x6b 0x33 0x25 0x75

Masternode:
- Port 20060 (recommended)


Portuguese Translation
https://bitcointalk.org/index.php?topic=2822043.0
https://bitcoingarden.org/forum/index.php?topic=26809.0

Dutch Translation
https://bitcointalk.org/index.php?topic=2814033

Italian Translation
https://bitcointalk.org/index.php?topic=2811064.0

Vietnamese Translation
https://bitcointalk.org/index.php?topic=2811737.new

Russian Translation
https://bitcointalk.org/index.php?topic=2812856.new

Chinese Translation
https://bitcointalk.org/index.php?topic=2825316

Spanish Translation
https://bitcointalk.org/index.php?topic=2829960.new

Turkish Translation
https://bitcointalk.org/index.php?topic=2859178

Romanian Translation
https://bitcointalk.org/index.php?topic=2878960.msg29576503#msg29576503

German Translation
https://bitcointalk.org/index.php?topic=2965752.0

Filipino
https://bitcointalk.org/index.php?topic=3009411.0

 

You shouldn't transfer from one exchange to another - the safest way is to transfer from Cryptopia to your desktop wallet and then transfer to Bittrex.

Please contact Cryptopia and Bittrex regarding this issue. https://support.bittrex.com/hc/en-us/articles/115000961172

Do you ever wonder why your incoherent rants never actually affect the BTA price or resonate with anyone else on this forum? Do you ever wonder why after months and months of you saying the price is crashing it has remained stable? You simply look like a jealous idiot complaining and accusing projects of ripping people off BEFORE you actually do any research. Go learn some skills and create something useful!

Anyone who looks into your past posts here https://bitcointalk.org/index.php?action=profile;u=190294;sa=showPosts  can clearly see signs of paranoid schizophrenia... At least you're entertaining yourself though - I guess that's what counts! 

BATA has been the target for double-spend attacks, Pump and Dump trading by unaffiliated groups, and slander campaigns for quite a few months.
I have been a long-term investor and miner and only recently joined the development team. Lot's of exciting things will be released in due time over the next few years! Hang on to your holdings...

We're getting ready to officially release Wallet version 10.5.1 This includes some very important improvements before moving forward with masternodes and PoW/PoS Hybrid: fixed random crashing within Core 10, low peer/node connection count, and implements Bitcoin Firewall 1.2 to protect against network flooding and double-spend attacks. If you would like to test this pre-release then you're welcome to download from here https://github.com/JustinPercy/BATA-Development/releases Be sure to backup your wallet.dat file first!  

Excellent idea! Please contribute to development of Bitcoin Firewall / Profit Share Platform: https://github.com/BiznatchEnterprises/BitcoinFirewall

I doubt anyone will actually donate - so perhaps a fraction of every PoW and PoS reward should be used for a development fund!

FYI to all the people accusing the development team on dumping a large volume of coins recently:

The Ask orders on Bittrex are 685895.579 BTA
The last time @pc888 transferred BTA from his wallet was 6 days ago and that was only 3803 BTA.. do the math!

Has the source code been updated against? >>> https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html

Yes that's correct!