[ANN][PHS][50% PoS] PhilosopherStone | NoPremine |10 month Dist | 1.6.4.1

[ArpFlush]

I'm still a fan and it looks like PHS is working on its come back - price is climbing 

[Spjer]

Hey Mates,

got a question how the proof of stake exactly works!

I'm using paper wallets, if i send my PHS to paper wallet, they are staking after 5-10 days! That`s clear to me!
But should i have to import my private keys after a special period of time to get the max stake?

Or is it just sending them to paper wallet and dont have to do anything after it, and it's staking the whole time?

Does it make a difference, if i send 1000 PHS to one wallet, or 10 x 100 PHS ?

Thanks for your help!!

[PhoneBloks]

Hey Mates,

got a question how the proof of stake exactly works!

I'm using paper wallets, if i send my PHS to paper wallet, they are staking after 5-10 days! That`s clear to me!
But should i have to import my private keys after a special period of time to get the max stake?

Im not sure, but i think you dont need to  .. Palm would answer you

Or is it just sending them to paper wallet and dont have to do anything after it, and it's staking the whole time?

Does it make a difference, if i send 1000 PHS to one wallet, or 10 x 100 PHS ?

1000 will generate 1 big stake
10x 100 will generate 10 smaller stakes...

Right Palm ?

Thanks for your help!!

[scryptographer]

Hey Mates,

got a question how the proof of stake exactly works!

I'm using paper wallets, if i send my PHS to paper wallet, they are staking after 5-10 days! That`s clear to me!
But should i have to import my private keys after a special period of time to get the max stake?

Or is it just sending them to paper wallet and dont have to do anything after it, and it's staking the whole time?

Does it make a difference, if i send 1000 PHS to one wallet, or 10 x 100 PHS ?

Thanks for your help!!

I hope my understanding is correct, if not someone please correct me.

You need the client running and your stones available in balance to stake coins.
The POS-reward goes up the longer the stones sit in your wallet without being staked. So while the stones might be ready for staking after 5-10 days, leaving them for longer before importing them to your wallet will not hurt your overall profitability.

1000 PHS should stake faster than 10x100, due to higher coin age of the single block, but as mentioned above, in the end it makes no difference.

The interest made on staking requires your client to do some actual calculations, hence leaving your stones in a paperwallet will not generate any new stones.

[z0rr0]

May be someone can help me here. Who is the owner of the pool http://phs.minar.cc ?
I cant unlock my account there, I've sent them an email, but no answer...

Edit: is there any pools except those in the OP? phs.minar.cc has ~10MH, phs.cryptcoins.net has ~0.5MH, phs.cryptotroll.com ~0.8MH. so where is total network 400+MH come from, solo mining? or may be it takes into account PoS mining too?

[WTParker2]

I WAS mining on phsblocks but they closed down on April 1st. I started on cryptotroll yesterday. Join it so we can get more coins.

I will never mine on minar.cc ever again. "Sheinsha" never responds to emails or PM's or even fixes errors with block rewards.
Case in Point: I was mining diamond coin on a minar.cc pool. I noticed that all the blocks that we found were reported to have a 1 coin payout. But if you went into the block explorer, you will see those same blocks with a reward of 2 or 8 or 16. So I PM'd Sheinsha, I posted on the forum page, I sent an email. Nothing...for 2 months. And out of the blue Sheinsha responds to just the PM that they fixed the rewards and they would want me back mining on their pool. So I responded: they need to back-pay all coins they stole from the miners BEFORE I would return. It's been over 2 months now....no response and no back-pay. Total coin thieves.

[DKdance]

1000 will generate 1 big stake
10x 100 will generate 10 smaller stakes...

Quote from Palmd P.36: Sending larger amounts just lowers the amount of 'dust' you will have. sending 500 at once will be one stake vrs 500 into 5x100 would be 5.

Help voting on mintpal folks !

ABOUT COINEX: it sounds like cryptorush troubles, I got some payments but yesterday I withdrawed some coins they didn't send it since it doesn't appear on blkexplorer (that is not PHS) I sent an email, no answer.

[ArpFlush]

I sometimes get a warning "checkpoint is too old" in my wallet (v1.3.0.0), should I update the wallet then?

[Spjer]

I sometimes get a warning "checkpoint is too old" in my wallet (v1.3.0.0), should I update the wallet then?

Had the same issue some days ago!
Upgrade to latest version Philosopherstone-1.4.1 should fix this problem!

[Spjer]

Hey Mates,

got a question how the proof of stake exactly works!

I'm using paper wallets, if i send my PHS to paper wallet, they are staking after 5-10 days! That`s clear to me!
But should i have to import my private keys after a special period of time to get the max stake?

Im not sure, but i think you dont need to  .. Palm would answer you

Or is it just sending them to paper wallet and dont have to do anything after it, and it's staking the whole time?

Does it make a difference, if i send 1000 PHS to one wallet, or 10 x 100 PHS ?

1000 will generate 1 big stake
10x 100 will generate 10 smaller stakes...

Right Palm ?

Thanks for your help!!

Ok thanks for ur response ( also to scryptographer)
so to sum up, i can leave the phs for example 4 months on paper wallet and after importing my private key,
they will start staking for these (120 days-(5-10days)) ?!
This is also what i thought, but wanted to be sure about it!
Maybe we can also hear Palm to confirm this statement!

With CGB u have to send the coins every 90 days to another paperwallet to get the max coins!
When i read this, it makes me think to ask here for my lovely PHS! ;-))

[Gaman]

Guys is there Mac OS wallet for 1.4.1?

Is 1.4.0 affected by heartbleed?

Thanks!

[ArpFlush]

I sometimes get a warning "checkpoint is too old" in my wallet (v1.3.0.0), should I update the wallet then?

Had the same issue some days ago!
Upgrade to latest version Philosopherstone-1.4.1 should fix this problem!

Thx, wilco 

[ezpen]

I wish to set up a p2pool server for PHS.
Could anyone help me with the settings in Networks.py?

I'm think of the philosopherstone=math.Object parameters.

[Palmdetroit]

Hey Mates,

got a question how the proof of stake exactly works!

I'm using paper wallets, if i send my PHS to paper wallet, they are staking after 5-10 days! That`s clear to me!
But should i have to import my private keys after a special period of time to get the max stake?

Im not sure, but i think you dont need to  .. Palm would answer you

Or is it just sending them to paper wallet and dont have to do anything after it, and it's staking the whole time?

Does it make a difference, if i send 1000 PHS to one wallet, or 10 x 100 PHS ?

1000 will generate 1 big stake
10x 100 will generate 10 smaller stakes...

Right Palm ?

Thanks for your help!!

Ok thanks for ur response ( also to scryptographer)
so to sum up, i can leave the phs for example 4 months on paper wallet and after importing my private key,
they will start staking for these (120 days-(5-10days)) ?!
This is also what i thought, but wanted to be sure about it!
Maybe we can also hear Palm to confirm this statement!

With CGB u have to send the coins every 90 days to another paperwallet to get the max coins!
When i read this, it makes me think to ask here for my lovely PHS! ;-))

'

Hi, yes, you can leave them as long as you want, but it does earn you less since you lose on compounding.  For a quick example:

You wait 30 days on 1000 coins and mint 41 stones, then 30 days later mint stones based on 1041, not 1000 , if you wait 60 days or longer you will lose some 'stake on stake'

So, the more often you stake, the more compounding !  You can google up 'compound interest calculator' to find what's right for you and see real world examples.

Hope this helps.

[Palmdetroit]

I sometimes get a warning "checkpoint is too old" in my wallet (v1.3.0.0), should I update the wallet then?

Had the same issue some days ago!
Upgrade to latest version Philosopherstone-1.4.1 should fix this problem!

Thx, wilco  

Yep it may indicate you were not connected to network or a possible fork so you may need to re-stake your stones if you see a lower balance after catching up. (they will stake for higher amounts since time has increased, if you have an issue after resync post back)

Can check block height against: (mouse over green checkmark/syncing icon and visit this page, look at blocks to compare height)
http://phstones.com/mobile.php

[ezpen]

I wish to set up a p2pool server for PHS.
Could anyone help me with the settings in Networks.py?

I'm think of the philosopherstone=math.Object parameters.

Do I really need to look at the wallet cpp code to get this, or is there somebody having these parameters? 

Any irc channel for this coin?

[Palmdetroit]

Guys is there Mac OS wallet for 1.4.1?

Is 1.4.0 affected by heartbleed?

Thanks!

in PHS it's limited to SSL over RPC (OFF by default), remember PHS was not updated to the BTC version which had the QT issue.

You can try to contact Instacash or someone maybe can provide the link to where he lists all his clients, or build with the newest ssl library.

[Palmdetroit]

May be someone can help me here. Who is the owner of the pool http://phs.minar.cc ?
I cant unlock my account there, I've sent them an email, but no answer...

Edit: is there any pools except those in the OP? phs.minar.cc has ~10MH, phs.cryptcoins.net has ~0.5MH, phs.cryptotroll.com ~0.8MH. so where is total network 400+MH come from, solo mining? or may be it takes into account PoS mining too?

I tried sending him a PM, if anyone can report troll is working and paying out I will add them to the list too, and yes there is a good amount of solo and also at least one  'private pool'.

[Palmdetroit]

I wish to set up a p2pool server for PHS.
Could anyone help me with the settings in Networks.py?

I'm think of the philosopherstone=math.Object parameters.

Do I really need to look at the wallet cpp code to get this, or is there somebody having these parameters? 

Any irc channel for this coin?

I know others already have this information, but no one ever posts a working repo for me to link to to save any new p2pool users time.  There was a thread on here with details for many coins you can try searching for, or maybe someone who already has it can post a link for us.

[WTParker2]

I tried sending him a PM, if anyone can report troll is working and paying out I will add them to the list too, and yes there is a good amount of solo and also at least one  'private pool'.

3 minutes ago, I requested a payment withdraw from cryptotroll and it just came in. So far, so good. No pool fees and no transaction fees.
Waiting on the rest of you to join up and get the coins a little faster.