[ANN] [PHC] Profit Hunters Coin | Scrypt | PoW/PoS/Masternodes | DBR 3.0 | FW |

[Profit Hunters Club]

hashpool.eu blockchain stuck at block 23946

Updated wallet and redownloaded chain, i hope latest fixes will help for daemon stability

http://hashpool.eu is back on track

Yes, I will try to make a patch fix for the current version but from what I can tell Core 10 will be a very important upgrade.

[1713996789]

1713996789

[1713996789]

1713996789

[Pjatvoet]

Does 1000% APR for PoS means that the MN rewards will always be adjusted to be approximately 1000%ROI up to block 50k?

Or am I off here?

[drago777]

I'd like to reserve for Italian translation.

Here my previuos translations:
https://bitcointalk.org/index.php?topic=2803872.0
https://bitcointalk.org/index.php?topic=2784770.msg28474694#msg28474694
https://bitcointalk.org/index.php?topic=2791417.0
https://bitcointalk.org/index.php?topic=2773894.0
https://bitcointalk.org/index.php?topic=2780349.msg28437590#msg28437590
https://bitcointalk.org/index.php?topic=2779607.msg28432465#msg28432465
https://bitcointalk.org/index.php?topic=2772944.new#new
https://bitcointalk.org/index.php?topic=2772259.new#new

[canonical]

Funny enough, there are two versions of the blockchain. One at 21348 and one at 21385 at the time of this post.

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...

"Why is PHC getting mined with such excessive hashrates? You earn more by mining efficiently..."
Can you explain this please? The description in the ANN is hard to understand.

"Why is PHC getting mined with such excessive hashrates? You earn more by mining efficiently..."
What is an excessive hashrate? What is the ideal hashrate for this chain?

Bumping this. Dev - can you answer and shed more light on how this works? Thanks.

[Profit Hunters Club]

Funny enough, there are two versions of the blockchain. One at 21348 and one at 21385 at the time of this post.

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...

"Why is PHC getting mined with such excessive hashrates? You earn more by mining efficiently..."
Can you explain this please? The description in the ANN is hard to understand.

"Why is PHC getting mined with such excessive hashrates? You earn more by mining efficiently..."
What is an excessive hashrate? What is the ideal hashrate for this chain?

Bumping this. Dev - can you answer and shed more light on how this works? Thanks.

Here's more information about the Bitcoin Firewall - https://github.com/BiznatchEnterprises/bitcoinfirewall

I hope to provide more documentation in the future on the inner workings, but I don't have much spare time at the moment.

[Profit Hunters Club]

Does 1000% APR for PoS means that the MN rewards will always be adjusted to be approximately 1000%ROI up to block 50k?

Or am I off here?

Yes that's correct for staking/masternode payments depending on the coin-age too.

[CircuitBreaker]

i am wondering if my 1080Ti rig should be used to mine this, i read about the asic mining and wanted to verify if GPU is pretty much useless with this coin at this point

[Profit Hunters Club]

i am wondering if my 1080Ti rig should be used to mine this, i read about the asic mining and wanted to verify if GPU is pretty much useless with this coin at this point

I was using 1 MH to mine on a pool a bit during the last few days, you will still earn something.

A brief explanation of the Dynamic Block Reward formula:

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.

[CircuitBreaker]

i am wondering if my 1080Ti rig should be used to mine this, i read about the asic mining and wanted to verify if GPU is pretty much useless with this coin at this point

I was using 1 MH to mine on a pool a bit during the last few days, you will still earn something.

A brief explanation of the Dynamic Block Reward formula:

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.

What is something, not to come off rude, i was hoping to acquire enough for a masternode in a reasonable time and the rig i have is x4 1080ti x1 1060 and x1 1070

[Profit Hunters Club]

What is something, not to come off rude, i was hoping to acquire enough for a masternode in a reasonable time and the rig i have is x4 1080ti x1 1060 and x1 1070

Take a look -> http://coin.profithuntersclub.com/1-mh-mining.png

Not to come off rude, but you're competing with 600 GH at peak times on the network.
If you can mine & stake early and during optimal times you actually still have a decent shot at getting close to a masternode in earnings over a long-period of time.

[drago777]

I'd like to reserve for Italian translation.

Here my previuos translations:
https://bitcointalk.org/index.php?topic=2803872.0
https://bitcointalk.org/index.php?topic=2784770.msg28474694#msg28474694
https://bitcointalk.org/index.php?topic=2791417.0
https://bitcointalk.org/index.php?topic=2773894.0
https://bitcointalk.org/index.php?topic=2780349.msg28437590#msg28437590
https://bitcointalk.org/index.php?topic=2779607.msg28432465#msg28432465
https://bitcointalk.org/index.php?topic=2772944.new#new
https://bitcointalk.org/index.php?topic=2772259.new#new

Hi dev, if you confirm it, I will do the translation. Many thanks

[Profit Hunters Club]

I'd like to reserve for Italian translation.

Here my previuos translations:
https://bitcointalk.org/index.php?topic=2803872.0
https://bitcointalk.org/index.php?topic=2784770.msg28474694#msg28474694
https://bitcointalk.org/index.php?topic=2791417.0
https://bitcointalk.org/index.php?topic=2773894.0
https://bitcointalk.org/index.php?topic=2780349.msg28437590#msg28437590
https://bitcointalk.org/index.php?topic=2779607.msg28432465#msg28432465
https://bitcointalk.org/index.php?topic=2772944.new#new
https://bitcointalk.org/index.php?topic=2772259.new#new

Hi dev, if you confirm it, I will do the translation. Many thanks

Yes sir, thanks!

[drago777]

I'd like to reserve for Italian translation.

Here my previuos translations:
https://bitcointalk.org/index.php?topic=2803872.0
https://bitcointalk.org/index.php?topic=2784770.msg28474694#msg28474694
https://bitcointalk.org/index.php?topic=2791417.0
https://bitcointalk.org/index.php?topic=2773894.0
https://bitcointalk.org/index.php?topic=2780349.msg28437590#msg28437590
https://bitcointalk.org/index.php?topic=2779607.msg28432465#msg28432465
https://bitcointalk.org/index.php?topic=2772944.new#new
https://bitcointalk.org/index.php?topic=2772259.new#new

Hi dev, if you confirm it, I will do the translation. Many thanks

Yes sir, thanks!

Hi, translation done https://bitcointalk.org/index.php?topic=2811064.0

PHC address PH2CDbJK2MyJS83GstrmfkGEj3s1wo5H1X

Many thanks

[montrezor]

I can help with Russian translation. Let me know if you need it please.

[Profit Hunters Club]

I can help with Russian translation. Let me know if you need it please.

Yes, please!

Bounty paid to ddrago - Thanks!

[drago777]

Thanks dev!!

[Sonanh1234]

Reserved Vietnamese translation https://bitcointalk.org/index.php?topic=2811737.new#new
PHC wallet: PU2WDiP22JAdykgLF4JQZUJ75rhtN8eWi1
thanks dev

[bleauhaus]

Show your Support for Profit Hunters Coin! Post about the Coin to get A Shared Masternode Started on our Coin-Suggestions Channel.

GhostMiner is the Largest Shared Masternode Provider Community on Discord

NO SETUP FEES!
DAILY PAYOUTS!
TRANSPARENT SERVICES!

We are an established Shared MasterNode service provider, with over $2 Million USD worth of coins being managed. Come check us out!    https://discord.gg/6RtgsJd

[montrezor]

I can help with Russian translation. Let me know if you need it please.

Yes, please!

Bounty paid to ddrago - Thanks!

Done - https://bitcointalk.org/index.php?topic=2812856.new#new

P8qvbM6gzUd4fHp35cEfBvnuxhCRLeLKPc

[Cryptobel-NL]

Can do your Dutch translation