Posts Tagged ‘ParallaxCoin’

ParallaxCoin (PLX) Scrypt-N based cryptocoin

10, May 2014

parallaxcoin-crypto

ParallaxCoin (PLX) is an Innovative coin. It is a Scrypt Adaptive-N factor coin that can be mined simultaneously with another NScrypt coin such as VertCoin for free (Merged Mining). Merged mining works by hashing the merged chain’s tx’s along with the other chain and submitting that to both chains. You’ll be able to mine PLX, and any other scrypt-n coin, at the same efficiency you would only mine the secondary coin. This new technology makes PLX the most secure NScrypt coin as Parallax has the potential to combine the hashrates of all NScrypt coins, thus resulting in more network hashrate and a higher level of security.

With the advent of Scrypt ASIC miners, Scrypt has become unprofitable for the average person with a GPU mining rig, resulting in most of the network hashrate being centered on big mining operations by private companies, resulting in Scrypt coins being less decentralized (Decentralization is the core of Bitcoin security). Scrypt Adaptive N-Factor is ASIC resistant, improving security.

Website
– http://parallaxcoin.com/

Block Explorer / Crawler
Not Yet Available.

SPECIFICATIONS

  • Scrypt-N Algorithm with merged mining support
  • Block reward: 150, Optimized for tipping
  • Block time: 1.5 minutes. Optimized for speed and blockchain size
  • BBlock halving: Every 350400 blocks (~1 year)
  • Block retarget: KGW
  • Max Coins: 105120000 PLX (~34.80424345 years)
  • Confirmations needed for mined blocks: 320
  • Premine: 0.8%

DOWNLOADS
– Windows
– Mac

Source Code
– at GitHub

PORTS

  • RPC Port: 5888
  • P2P Port: 5889

PLX ONLY POOLS
– http://plx.0feepool.com/
– http://plx.coins4everyone.com/
– http://plx.pool.mn/

MERGED MINING POOLS
– http://www.hashharder.com/scrypt-n/parallax merged
– http://plx.hashinvest.ws/
– http://simplevert.com/
– http://plx.qemulab.com/

EXCHANGES
– Bittrex


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