Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PHL] Placeholders – x16r PoW/No Premine/Decentralized AWS/Google Cloud
by
paul3
on 09/01/2019, 13:16:42 UTC
So you don't have No Premine, No ICO, No Dev-fee per block, All coins were fairly mined.Hym so where 2580554 coins came from , don't tell me that from mining when it's only 5 coins reward and 36k blocks !

With the X16R fork chain started at block #1 again.

The original chain (sha256 algo) was started around april 2018 (10min blocktime, 50PHL per block). At blockchain height of around #42000 the dev implemented DWG to have a smoother diff retarget. The chain had massive diff spikes caused by Nicehash / ASIC miners. With the implementation of DWG blocktime got reduced to 1min and payout per block to 5 PHL. This was running for sometime until the blockchain reached block #67000. Than the X16R fork happend and it was restarted at blockheight #1.