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Author Topic: [ANN] New Client (6.4.9) for PhenixCoin PXC **Difficulty Fix **  (Read 3658 times)
JohnCar (OP)
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August 01, 2013, 07:03:20 PM
Last edit: August 01, 2013, 08:01:17 PM by JohnCar
 #1

Just a quick update there is a new client for PXC PhenixCoin You can get the new client here. http://phenixcoin.com/


   - Block Target is 50 seconds
    -Block reward halfed every 840k blocks
    -168 million total coins
    -50 coins per block
    -Difficulty changes every 108 blocks
    -max 80% up / down
** PLEASE UPDATE YOUR CLIENTS BEFORE BLOCK 69444 **

 Thanks
   John



TIT coming soon..............
captainfuture
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August 01, 2013, 07:32:39 PM
 #2

can u say me the old specs ?
apbyte
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August 01, 2013, 07:39:26 PM
 #3

They reduced Block target by 2x and "difficulty changes every" by ~5x
MaGNeT
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August 01, 2013, 07:41:07 PM
 #4

can u say me the old specs ?

Original specs are:

Block Target is 1.5 minutes
Block reward halfed every 840k blocks
168 million total coins
50 coins per block
Difficulty changes every 600 blocks (was 2400) - max 80% up / down

To be safe: make a back-up of your wallet.dat on a regular base and before updating clients! That goes for every coin Smiley

In Windows, for PhenixCoin, you can find your wallet.dat in the following folder: C:\Users\username\AppData\Roaming\Phenixcoin
forsetifox
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August 01, 2013, 07:55:32 PM
 #5

So you increased the coin generation rate by 80% and played with the difficulty a bit.
You realize you just boned holders and pumpers of this coin, right?

 Roll Eyes
HuuHachu
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August 01, 2013, 07:56:43 PM
 #6


Just a quick update there is a new client for PXC PhenixCoin You can get the new client here. http://phenixcoin.com/


   - Block Target is 50 seconds
    -Block reward halfed every 840k blocks
    -168 million total coins
    -50 coins per block
    -Difficulty changes every 108 blocks

** PLEASE UPDATE YOUR CLIENTS BEFORE BLOCK 69444 **

 Thanks
   John




You kept the 50 coins per block while reducing the average time between blocks ?
This means coins will be generated faster now and the coins accumulated so far will thus be devaluated by the same ratio Sad (almost 2x)

Not a nice move for people who sticked to pxc from the beginning Sad

Also what motivated the reduction in the block time ?
90 seconds was quite low already, I have doubts in the network security with such a low value (decreasing the target time ease various kinds of attacks)

Last but not least, I understand why you want to reduce the difficulty adjustment, but without any kind of moving average / continuous adjustment, decreasing this facilitates gaming with the difficulty and thus greatly reduces the security.
(If you happen to control a sizable fraction of the hash-power, by moving in and out at the right time, you can artificially increase / reduce the difficulty, and use the low difficulty cycle to conduct attacks)

In my opinion, the move with the target time and difficulty retarget are quite dangerous for a coin that has a rather low dedicated hash-power.

For the coin generation rate, this is simply a silly move ... should have reduce to 50/(90/50) ~= 27.7 coins per block
(but better not touch the block time anyway)

noble: 9mKQpsfLeabjFsPv3YR9zYoAVymDPyfjCp
captainfuture
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August 01, 2013, 08:02:50 PM
 #7

i just sold all my coins
apbyte
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August 01, 2013, 08:03:39 PM
 #8

i just sold all my coins

me too Cheesy

I just don't understand if they are stupid or what?
MaGNeT
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August 01, 2013, 08:05:03 PM
 #9

i just sold all my coins

i just sold all my coins

me too Cheesy

I just don't understand if they are stupid or what?

Where did you sell them? Smiley
apbyte
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August 01, 2013, 08:07:11 PM
 #10

i just sold all my coins

i just sold all my coins

me too Cheesy

I just don't understand if they are stupid or what?

Where did you sell them? Smiley

Cryptsy
MaGNeT
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August 01, 2013, 08:10:59 PM
 #11


Only sells at Cryptsy for the last hours are:

2013-08-01 16:02:42   Sell   0.00027500   94.42181419   0.02596600
2013-08-01 16:02:42   Sell   0.00027507   400.00000000   0.11002800
2013-08-01 16:02:42   Sell   0.00027510   421.67261261   0.11600214
2013-08-01 16:02:42   Sell   0.00027511   300.00000000   0.08253300

Smiley
captainfuture
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August 01, 2013, 08:12:12 PM
 #12

doesnt really increase trust in this coin.
what changes will be next week?
apbyte
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August 01, 2013, 08:14:18 PM
 #13


Only sells at Cryptsy for the last hours are:

2013-08-01 16:02:42   Sell   0.00027500   94.42181419   0.02596600
2013-08-01 16:02:42   Sell   0.00027507   400.00000000   0.11002800
2013-08-01 16:02:42   Sell   0.00027510   421.67261261   0.11600214
2013-08-01 16:02:42   Sell   0.00027511   300.00000000   0.08253300

Smiley

That is right, one of those in middle is mine
nawazish1
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August 01, 2013, 08:14:49 PM
 #14

doesnt really increase trust in this coin.
what changes will be next week?

This was not to get the trust. This is to get out of the difficulty problem. Be patient.

PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv
BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H
Phoenixcoin (PXC), a decentralised open source digital currency.
ohiwastedmylif
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August 01, 2013, 08:15:40 PM
 #15


Only sells at Cryptsy for the last hours are:

2013-08-01 16:02:42   Sell   0.00027500   94.42181419   0.02596600
2013-08-01 16:02:42   Sell   0.00027507   400.00000000   0.11002800
2013-08-01 16:02:42   Sell   0.00027510   421.67261261   0.11600214
2013-08-01 16:02:42   Sell   0.00027511   300.00000000   0.08253300

Smiley

That is right, one of those in middle is mine

Magnet has like $50,000 in PXC so he was expecting to see more than $9 haha.

MΣC | MAvSLa1ZYpk3AsDeqj9njfVkaunJRDu2VZ
http://www.megacoin.co.nz/
captainfuture
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August 01, 2013, 08:16:23 PM
 #16


Only sells at Cryptsy for the last hours are:

2013-08-01 16:02:42   Sell   0.00027500   94.42181419   0.02596600
2013-08-01 16:02:42   Sell   0.00027507   400.00000000   0.11002800
2013-08-01 16:02:42   Sell   0.00027510   421.67261261   0.11600214
2013-08-01 16:02:42   Sell   0.00027511   300.00000000   0.08253300

Smiley

That is right, one of those in middle is mine

no. that were all mine  Cheesy
apbyte
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August 01, 2013, 08:19:20 PM
 #17


Only sells at Cryptsy for the last hours are:

2013-08-01 16:02:42   Sell   0.00027500   94.42181419   0.02596600
2013-08-01 16:02:42   Sell   0.00027507   400.00000000   0.11002800
2013-08-01 16:02:42   Sell   0.00027510   421.67261261   0.11600214
2013-08-01 16:02:42   Sell   0.00027511   300.00000000   0.08253300

Smiley

That is right, one of those in middle is mine

Magnet has like $50,000 in PXC so he was expecting to see more than $9 haha.

Cheesy Cheesy

it takes time for people to see that there is new update, then realize what was changed and then time to move coins from wallet to cryptsy, I assume few hours will pass until people will start to dump

I simply spotted this thread and had some already in cryptsy so was able to sell them right now
MaGNeT
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August 01, 2013, 08:19:34 PM
 #18


Only sells at Cryptsy for the last hours are:

2013-08-01 16:02:42   Sell   0.00027500   94.42181419   0.02596600
2013-08-01 16:02:42   Sell   0.00027507   400.00000000   0.11002800
2013-08-01 16:02:42   Sell   0.00027510   421.67261261   0.11600214
2013-08-01 16:02:42   Sell   0.00027511   300.00000000   0.08253300

Smiley

That is right, one of those in middle is mine

no. that were all mine  Cheesy

Wink

Nah, doesn't matter guys. I like to joke around a little  Smiley
HuuHachu
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August 01, 2013, 08:20:03 PM
 #19

Quote

Magnet has like $50,000 in PXC so he was expecting to see more than $9 haha.

I don't understand why he is not vocal about the increased generation rate ... this obviously affects its capital a lot !

(still possible to update the update ... at least change it so the coin generation rate is maintained, by proportionally reducing the block reward !)

noble: 9mKQpsfLeabjFsPv3YR9zYoAVymDPyfjCp
apbyte
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August 01, 2013, 08:21:55 PM
 #20


no. that were all mine  Cheesy

Wink

Nah, doesn't matter guys. I like to joke around a little  Smiley

oh sorry, you are right mine was few minutes later. You need to hit refresh to see last trades
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