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Posts Tagged ‘Photon trading’

Photon (PHO) Blake-256 based cryptocoin

21, Feb 2014

photon-blake-256-crypto

Photon (PHO) is a new alternative cryptocurrency using the Blake 256 Algorithm that is used for BlakeCoin (BLC). It is a new project designed to function well now and with future technology in mind. Photon is the second coin to use this unique design (modeled after Blake Coin) and may be merge mined in a pool with Blake Coin or other Blake 256 coins in the future. Currently almost every concurrency that exists cannot be merge mined in the same way Namecoin and others are with Bitcoin. Photon can be mined with the same modified miner for BlakeCoin GPU Miner that supports the Blake-256 algorithm.

Coins developers are working against each other instead of together right now. Photon is an attempt to change that. If you are digging in a mine for gold you would not leave silver, tin or other things of value around you would take them all. This is why Photon was created with the fast, light Blake 256 algorithm. This is the future. Scrypt coins cannot be merge mined. Most SHA 256 D coins cannot be either.

The Blake-256 algorithm hash rate is just under 3x faster on the GPU and just over 2x on the FPGA compared with Bitcoin. The reward for mining Photon does Not decrease over time, instead it increases with block height and difficulty. There are no restrictions on any platform as Photon does not include artificial *Security* or *Resistance* that reduce mining hash rate and power efficiency. The Photon network hashrate is currently over 200 GHS and continues to grow, so there is a interest from users apparently even though there aren’t big pools or exchanges for PHO yet.

Website
– http://photoncoin.org/wp/

Block Explorer / Crawler
– http://162.243.101.139:2750/

SPECIFICATIONS

  • Blake-256 – faster than Scrypt, SHA-256D and Keccak
  • Each Block award is 32768 + inflation (square root of (difficulty * block height))
  • No reduction of block reward
  • Cap in place to reduce difficulty jumps upward
  • Block target time is 3 minutes and retargets every 20 blocks
  • Total of 90,000,000,000 coins
  • Block maturity 120

DOWNLOADS
– Windows

Source Code
– at GitHub

PORTS

  • RPC Port: 8494

POOLS
– http://photon1.blakecoin.com/

Merged Mining Blakecoin + Photon Pools:
– http://eu3.blakecoin.com/
– http://ny2.blakecoin.com/

EXCHANGES
– Atomic Trade


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