This 50% PoS minting seems too good. Aren't there any drawbacks to such a high mining interest? What happens to PoS when the limit of coin production is reached?
50% is if there is no transactions (ie> losses of fees and coinstakeage), everyone stakes optimally, and other factors, it's really not possible to approach 50%. What the actual % eventually is remains to be seen. It's much higher on some other coins 100% or even much more. so far it hasn't really been an issue as you can see in current supply after 6+months. There is the potential of heavy transactions taking place sometime in the future resulting in large fee destruction. You can actually see this happen now on occasion with a large transfer, the money supply actually goes down (if fees > reward). As far raising/lowering limits, this can be adjusted with a vote of miners/stakeholders to increase or decrease limits/ or other parameters (sometime in future if need arises). I feel if PHS ever needs a 'fork'' ie adjustment .. it can be decided by super-majority. Thanks for the info. Whch coins offer 100%+ in PoS minting? It seems too easy to just invest a lot of money in the coin and sit back and collect new minted coins. If the market value goes down and stays down then I'm in trouble but it not then I benefit from the minted coins. In this respect it's similar to some high risk bond or ETF that pays a high percentage but the unit price can fluctuate a lot. Yep, I also forgot to mention that exchanges (and others) usually don't have stake running for obvious reasons, so that's another ~10-20%(perhaps more) of money supply not creating inflation. This is actually likely the biggest offset to the '50%' Also, if you buy PoS vrs PoW cryptos, you can always just put them in wallet and create stakes if market goes the wrong way for you, and wait it out or just have a steady income every 5-10 days(PHS) to sell off (or compound). And yes its very similar and i suspect many use the stake return for a steady income. You might want to start small to see how it works in real-time (or use testnet which is hundreds of times faster) . |
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Am using minerd with the quark switch right now, getting 60-80 hashes per core on my i5. Can you tell me what kind of performance increase I might expect with this software?
Hard to say since it depends on which minerd you are using. Just test it and if you can, please post results. |
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This 50% PoS minting seems too good. Aren't there any drawbacks to such a high mining interest? What happens to PoS when the limit of coin production is reached?
50% is if there is no transactions (ie> losses of fees and coinstakeage), everyone stakes optimally, and other factors, it's really not possible to approach 50%. What the actual % eventually is remains to be seen. It's much higher on some other coins 100% or even much more. so far it hasn't really been an issue as you can see in current supply after 6+months. There is the potential of heavy transactions taking place sometime in the future resulting in large fee destruction. You can actually see this happen now on occasion with a large transfer, the money supply actually goes down (if fees > reward). As far raising/lowering limits, this can be adjusted with a vote of miners/stakeholders to increase or decrease limits/ or other parameters (sometime in future if need arises). I feel if PHS ever needs a 'fork'' ie adjustment .. it can be decided by super-majority. |
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devs, how hard would it be to implement the nethashrate function for this so we can see the total network's hashrate?
I already implemented it for next version  "networkhashps" : 84735542, Woo! I will push an update a little later and make new bins so you can have this, it was actually already requested a bunch of times in PMs  |
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devs, how hard would it be to implement the nethashrate function for this so we can see the total network's hashrate?
I already implemented it for next version "networkhashps" : 84735542, |
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suddenly my password dosent work on pool.pxlcoin.com , cant login , forgot password option doesnt work , nothing arrive on email  wtf plz help sent trip a message |
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 If you can, Adda link from your site or elsewhere, it's good for everybody with a link on the site. http://www.pxlcoin.com/ |
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http://cryptsy.wikidot.com/phs now has some info on it. One thing I noticed is that philosopher stone is unclear initially what it is exactly when people might first look at that page. What I mean is, that it is unclear that philosopher stone is a coin like bitcoin, and users have to read a bit to try and learn about PHS first, whereas some of the other coins seem to give a clearer message right away with their name and logo. Don't get me wrong, I am not negative about PHS, but just noticed this is all, but in fact PHS has pluses that other coins do not have such as a long term POS plan that people may like. What I think is that PHS may benefit from a logo that makes it clearer right away that it is a crypto-currency somehow, or somehow a coin. Look at the new netcoin logo, and they had it made by some professional artist. Maybe PHS might consider getting a pro to make the coin/logo ?? http://oi41.tinypic.com/2akaix.jpgSee how netcoin has literally placed their logo directly onto a coin? That is what PHS might consider doing as well, to make it clearer to people that PHS is a coin or is a crypto-coin. Yes if you want to describe it for your perspective that might be good. I though we should go with Stones this time not coins - make it a commodity or income producing asset long term, but really the PoS seems too confusing, at least when I try to explain how it works? Name should go with PhilosopherStone to keep it consistent , right now I'm trying to clean up code to all the inconsistencies. We did get some submissions for Zorro - who did datacoin and others - I will post the images on one of beginning threads to look at- or see here. https://bitcointalk.org/index.php?topic=292720.msg4318530#msg4318530 |
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What exactly is the point of this...?
Read the first page. It's a reincarnation of the million dollar homepage for the cryptocurrency community. Smart idea IMO, but 16 diff? Really!??!? Miners will set the difficulty. |
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I am interested as to the motivation for 4k resolution aswell, I assume its a forward-thinking thing since it appears sometime in the future we may all have 4k TVs or something. I am actually sad to report this is the first I have investigated this new standard resolution and I appreciate that my exposure to it came through this coin.
Hey guys just clarify why I mentioned 4k... it was just a suggestion... I didn't mean 4k x 4k which is 16m! *only 10 million pixels! I was thinking we use standard definitions that will be widely in use in the future. So the image fits perfectly on the next gen of screens. Obviously HD ,as it is now, is 1920x1080 (2,073,600 pixels) the 4k I referred to : https://en.wikipedia.org/wiki/4K_resolutionfor those who don't know.. 4k is the new standard for TV's (4K Ultra high definition television) And yes retailers already sell these! UHD is:
3840 x 2160 = 8,294,400 Pixels, which is just shy of total Pixelsanyway just a suggestion 1920x1080 is set up just fine as well for everybody! I think its cool, I assume they are crazy expensive, but it seems that we will probably eventually adopt this standard. I know if this gets even anywhere near affordable for a monitor I will be getting one. It's interesting but remember the transition to HD?.,.. well it was crazy expensive and then now dirt cheap. Take a look at the resolution of an image from SD tv.. (480) In 5 years 4k will be standard, but look for sales you may be surprised, prices coming down fast anyway back to the salt mines 18 blocks until difficulty adjustment |
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PLEASE don't tell me mining will 'EVEN out" in the long term bullshit..
Mining this coin has become a HUGE waste of time LONG ago
I put 6Mhs for 24/7 and NEVER have gotten more than 40 coins in a day
yet the 'EST' tells me I should be getting 120 for Diff 20 and 400 for diff 10 etc..
But you never get a block when he diff is low..
In fact it's NEVER low except for a few fleeting fractions of a nano-pico second..
And I can watch 5-20 blocks new block blow by WITHOUT EVEN SUBMITTING ONE SHARE
Then it's back up to 24 diff and another 14 hours to get my tiny portion of the reward say 3-10 coins
AND I AM THE HIGHEST HASH RATE IN THE POOL that is VERY GOOD!!
So at a price of 0.0002 40 coins/day = a whopping $6.40 /day if Bit coin is $800
WOW BIG PROFIT for $8,000 in hardware the electricity costs MORE than that
Coinchoose and coinwarz are such BULLSHIT...they must get paid to lie.
And you want MORE miners...think MINTING will help..
Miners get shafted but Pool ops and devs make make out fine..the Balls to take 1% still
Noticed Palm is not even mining his own coin anymore...
Put an HONEST disclaimer up and stop pretending you give shit about miners profitability
Even at this retarded low rate of return....
IT IS STILL one of the best of ALL the ALT coin shit show scams...
This is the whole point of the long term PoW/PoS hybrid... to make it hard to mine so electricity is not wasted in huge amounts by ever increasing mining hardware...
I have posted previously (and this has been discussed many times before if you care to look) about getting a program or pool that switches when the difficulty is low, this is beneficial to miners who are out for a profit and also to protect the network when the difficulty goes too low! Not to mention if you mine a more profitable crypto you can acquire more PHS that way....
Previous posts EXAMPLE:You missunderstandin me. I dont want solo mining, im @ minar too when pool/network hashrate is fine. But every few hour the hashrate goin up to sky.. and the pool losing its efficiency == wasting hash power atm 117M network and 3M minar's hashrate => its like solomining (my +2MHs cant help on it) And this is why im looking for that big pool 
and yes more minting helps to stabilize this,... but I'm not going to tell people how to mint, it's up the them
Sometimes PHS difficulty shoots very low and then I will mine it regardless , also I was helping to test out a new pool, which is also beneficial to PHS long term ! |
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I am interested as to the motivation for 4k resolution aswell, I assume its a forward-thinking thing since it appears sometime in the future we may all have 4k TVs or something. I am actually sad to report this is the first I have investigated this new standard resolution and I appreciate that my exposure to it came through this coin.
Hey guys just clarify why I mentioned 4k... it was just a suggestion... I didn't mean 4k x 4k which is 16m! *only 10 million pixels! I was thinking we use standard definitions that will be widely in use in the future. So the image fits perfectly on the next gen of screens. Obviously HD ,as it is now, is 1920x1080 (2,073,600 pixels) the 4k I referred to : https://en.wikipedia.org/wiki/4K_resolutionfor those who don't know.. 4k is the new standard for TV's (4K Ultra high definition television) And yes retailers already sell these! UHD is:
3840 x 2160 = 8,294,400 Pixels, which is just shy of total Pixelsanyway just a suggestion 1920x1080 is set up just fine as well for everybody! |
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wondering the same thing.
Will the image space be transferable to another party ie can I resale my ad space? Can the links/images be changed?
Wow...Interesting idea.. maybe 3rd party exchange on the image space down the road, or sooner,.. and pixel squatters! I'll let trip repond tho |
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BTW anyone building clients please use most recent source, new seed node, correct splash, speed up new user sync,etc.
Official QTs (and updated client for pools) will be posted later today after another update.
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What happens to the PXL when they are spent on the site? Do they just go to the developers or does something else happen?
i agree we need to know the mechanism for management of pixel turnover, if any. there is a problem with unlimited turnover if the devs intend to dump back into the market, that's why i haven't been interested in paying top prices for the coins. i haven't said anything so far hoping they address the issue publicly, but i haven't seen the explanation yet. if there is a statement somewhere plz link/post it here, PXL devs, explain the plan with PXL turnover plz. eg flip onto market @ market rate upon receipt could turnover all the available pixels rather quickly, even with laddered pricing in effect, when compared to a model where the pixels are absorbed permanently by the PXL devs/site and not redistributed to market. we need to know which is the case to value the coin, otherwise there is too much risk of market collapse to support these high prices everyone is posting. This is a good question, and will ultimately have to be answered by Trip. I can say The launch was way more than expected TBH, We are ~30 something hours into launch so still trying to get caught up on the basics: messages,webpage, client, network, automation, sleep( I was just working on having the actual image show in each client, can decide on final image size later,(I vote 4k) with click-able links in client like the web page) so I'm sure he can address it when he's on in a bit, hang in there.  |
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Add Intel-Haswell Optimized for testing https://sourceforge.net/projects/philosopherstone/files/QRK/also i removed some redundant dll's - if you have one missing pm or post here I can re-add them in! Also another 1~2% speed increase for the others, and new binaries that should not pop false positives (for now). |
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Can those Images be links? It was that way in older pixel page as well
i believe they can. Indeed they can, Send email to mail@pxlcoin.com. Attach your image, include pixel dimensions (i.e 10x10), and include hyperlink URL. You will receive an email back regarding payment. Web form coming here soon. |
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