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[ANN] PCoin (PCN) - RandomX CPU mining | Bitcoin economics | No premine, no ICO

Topic ID
5591113
Thread author
pars5555
Thread added to tracking
2026-08-13 15:31 UTC
Last scan
2026-09-09 00:11 UTC
Generated
2026-09-09T00:11:34Z
Original thread on bitcointalk.org ↗

About the coin (primary summary)

  • What coin: PCoin (PCN)
  • Mining algorithm: RandomX
  • CPU-only or not: Yes (ASIC‑resistant, suitable for laptops and even Android devices)
  • Brief description: An independent Layer‑1 blockchain based on a Bitcoin Core fork, where the classic PoW is replaced by the RandomX algorithm. The project aims to restore mining decentralization by using ordinary user hardware instead of ASIC farms. The economic model fully copies Bitcoin (emission 21 M, halving every 210 k blocks).
  • Where to mine/pool: Currently only solo‑mining is available via the built‑in software miner; no pools.
  • Wallet/links: pc.am, GitHub, Telegram, X.
  • Community reaction: Suggestion from the Chainquiry service to add the project to its catalog.

Update history (deltas)

2026-08-17 00:13 UTC — 1 new post

  • Main topic of new posts: Announcement of the launch of a public pool for mining PCoin (PCN) and publication of a practical CPU‑mining guide.
  • Key news/updates:
  • Pool opened at pool.pc.am:3333; payouts are made directly from the coinbase of each block, without a pool wallet or private keys on the server.
  • PPLNS reward system, 2 % fee on block reward, minimum payout 0.00000294 PCN; login is the payout address, registration not required.
  • Requires node version and bitcoin‑cli v1.3.0 or newer; solo‑mining remains available unchanged.
  • A practical CPU‑mining guide was posted on the forum (topic 5591141).
  • Issues/complaints: None mentioned.
  • Overall tone: Positive – the pool announcement and guide are seen as a useful update for the community.

2026-08-21 00:12 UTC — 3 new posts

  • Main topic of new posts: Discussion of rising hash‑rate concentration in the PCoin network and related 51 % attack risks, plus updates on xmrig mining support and pool fixes.
  • Key news/updates:
  • Upstream pull‑request submitted implementing RandomX for xmrigCC, allowing PCoin mining via the standard miner.
  • Fixed a nonce‑byte‑order issue that caused the pool to reject shares from external miners; both variants are now accepted.
  • Refined measurements show that over the last 300 blocks one address controls ~45 % of blocks, and the operator’s pool ~51 %.
  • A new solo miner, appearing after height 4114, holds about 71 % of blocks per day (95 % DI 64‑78 %).
  • Issues/complaints:
  • High hash‑rate concentration in a single participant (or pool) creates a real possibility of chain reorganization and double‑spending, despite no actual reorgs so far.
  • Need to attract more independent miners to reduce centralization risk.
  • Overall tone: Negative – expressed concern about centralization and potential network vulnerability.

2026-08-25 00:12 UTC — 1 new post

  • Main topic of new posts: User shared a link to an XMRig version adapted for PCoin mining.
  • Key news/updates:
  • rabidmining provided a working XMRig miner for PCoin at https://gitlab.com/rabidmining/xmrig-rabid-pcoin
  • Issues/complaints: None.
  • Overall tone: Neutral‑positive (providing a useful resource).

2026-08-29 00:12 UTC — 3 new posts

  • Main topic of new posts: Users encounter difficulties with the PCoin wallet — cannot see the mining address and encounter blank words in the recovery phrase.
  • Key news/updates: No new project announcements or updates; discussion focused on error reports.
  • Issues/complaints:
  • Wallet address not visible after creation (Firsttime13).
  • Blank words appear in the 24‑word recovery phrase; the 12‑word phrase works, but saving triggers an “existing wallet” error (K3Baz).
  • Same blank‑word issue for both 12‑ and 24‑word recovery phrases; request for an alternative wallet to receive earnings (JohPe).
  • Overall tone: Negative – the community expresses concern and difficulty using the wallet and obtaining a mining address.

2026-09-01 00:17 UTC — 1 new post

  • Main topic of new posts: PCoin infrastructure update – two ElectrumX servers added, successful swap via Komodo DeFi Framework described, and advice on integration and submitting proposals to the coin repository.
  • Key news/updates:
  • Two ElectrumX servers launched (electrum1.pc.am, electrum2.pc.am) with SSL, WSS and TCP ports, running on separate providers in different countries, each on its own node with txindex=1 and Let’s Encrypt certificates.
  • Confirmed that PCoin requires no changes to ElectrumX: the coin only swapped PoW for RandomX, keeping the double SHA256 block‑ID and 80‑byte headers, so the standard Bitcoin‑derived coin class works without modifications.
  • The Komodo DeFi Framework team submitted a proposal (GLEECBTC/coins) that was approved and enabled a non‑custodial swap of 100 PCN for DOGE.
  • Recommendation: submit proposals to GLEECBTC/coins rather than the outdated KomodoPlatform/coins repository.
  • Issues/complaints:
  • The Komodo DeFi Framework proposal was rejected (not accepted).
  • The KomodoPlatform/coins repository is considered outdated and does not accept new coins.
  • Overall tone: Positive/helpful – the author shares useful information, confirms project progress, and warns about problematic areas.

2026-09-05 00:12 UTC — 7 new posts

• Main topic of new posts: Discussion of PCoin project infrastructure updates (ElectrumX, Komodo integration, wrapped token wPCN), creation of a Discord community, and request for pool UI improvements to monitor workers.

• Key news/updates:

  • Two independent ElectrumX servers (electrum1.pc.am, electrum2.pc.am) launched with SSL/WSS/TCP ports, real Let’s Encrypt certificates, and external monitoring every 10 minutes.
  • Proposal to add PCoin to Komodo DeFi Framework accepted (pull‑request #1964 merged August 31), enabling atomic swaps with other assets.
  • Wrapped token wPCN (BEP‑20 on BNB Smart Chain) introduced with 1:1 backing by PCN; exchange possible via wrapdesk.pc.am and the contract’s redeem() function, limit 250 PCN per person, total pool 1 500 wPCN, fee 5 %, requires 100 confirmations (~17 hours).
  • User Tsujigiriteki submitted a listing request for PCoin on the Tidoex.com exchange.
  • Official PCoin community Discord server created (https://discord.gg/6rNqE743hs suggestion to transfer ownership rights to developer pars5555.

• Issues/complaints:

  • Lack of a web GUI for the mining pool, preventing miners from seeing the status of their workers (online/offline).

• Overall tone: Predominantly positive and enthusiastic — participants praise the project’s progress and actively build the community, alongside one constructive remark about needed pool improvement.

2026-09-09 00:11 UTC — 1 new post

Main topic of new posts: Announcement of new miner/node releases for Windows and Linux and discussion of a possible web interface for the pool.

Key news/updates:

  • Release v1.4.3 for Windows miner/node.
  • Release v1.4.4 for Linux miner/node.
  • Community gathered on Discord where improvements are discussed.
  • Suggestion to add a web GUI at https://pool.pc.am/ to display workers, hash rate, shares, etc.

Issues/complaints: No explicit complaints; just an expression of desire to see a web interface, which does not exist yet.

Overall tone: Positive/grateful.