Philosopherstone (PHS) is an online digital currency that is a fork of DiamondCoin. However, Philosopherstone can be traced back to the proponents of the hybrid proof-of-work and proof-of-stake systems like Novacoin and PPCoin. Philosopherstone (PHS) also took some notes from the random blocks featured by Luckycoin, and of course an extra feature of transaction message from Florincoin was added too.
To experience what Philosopherstone (PHS) has to offer, simply download its client software that is optimized to work on any Windows computer. The Philosopherstone Wallet receives regular upgrades so you can expect to have quick fixes to errors or bugs should you encounter some.
If you want your wallet to instantly have some coins without trading or mining, then head on to the Philosopherstone Faucet to collect your share of the free coins. Be mindful of its regeneration period, though, so always keep an eye for it to know when you can get your coins.
Miners are expected to mine 8,891,840 coins over time with a maximum cap of two billion coins that will possibly be generated in the years to come. When you take part in Philosopherstone mining, you will be reward 64 coins for every block you mine. However, this block reward will be cut in half every three months or for every 64,800 blocks.
Miners don’t need to wait for a longer time as new blocks will be generated in just two minutes. With a relatively low Philosopherstone Difficulty level that adjusts every block, miners shouldn’t have a hard time solving algorithms. However, since the difficulty fluctuation is considerably high, expect the collection of coin rewards to be inconsistent.
If you choose to join a Philosopherstone Mining pool, on the other hand, you have to check the terms first like pool fees among others as this will dictate how much you can earn in a day, a week, a month, and a year. By using the Philosopherstone Calculator, you will have a fair idea of the estimated expected earnings within a specific time frame.
What’s great about Philosopherstone mining, though, is that you can find one superblock that rewards 512 coins or 24 superblocks that rewards 128 coins. These random bonus blocks are available every day, with one smaller random bonus block released every hour.
Philosopherstone (PHS) can be traded on the Cryptsy exchange as it’s listed in the Bitcoin market. However, like most altcoins at present, the Philosopherstone Price/Value is weak when traded against Bitcoin. In effect, it’s just logical that its exchange rate has poor stability, causing the price to fluctuate more often in the market. Nevertheless, interested traders can buy and sell PHS using BTC.