Offical launch of PhenixCoin.com - page 56.

weav

sr. member

Activity: 350

Merit: 250

- "Bitcore (BTX) - Airdrops every Monday"

Quote from: MaGNeT on June 10, 2013, 04:43:17 PM

Also buying some PXC on Cryptsy would get the miners back soon

You need to buy just a few K to pump up the price

It would "fix" the slow blockrate for a while, until the devs implement the new diff change algo.

I'm currently planning on buying PXC worth 25 BTC anyway

MaGNeT

legendary

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Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Also buying some PXC on Cryptsy would get the miners back soon

You need to buy just a few K to pump up the price

It would "fix" the slow blockrate for a while, until the devs implement the new diff change algo.

weav

sr. member

Activity: 350

Merit: 250

- "Bitcore (BTX) - Airdrops every Monday"

Quote from: HuuHachu on June 10, 2013, 04:22:07 PM

At this point I don't think a hard fork to change to difficulty adaptation would damage the coin reputation. It may rather damage it if *not* forking.
Forking now means active dev. carring for their coin. The client is not widespread yet, and by posting here they can be sure to easily rech almost all the people using it.

With the numerous alt-coins and quite a lot of MH/s jumping from chain to chain depending on coinchoose or similar, not forking would also mean to have the same problem the next time the price goes up.

You do have a point. I'm not strongly against it, I just think it isn't really necessary because the coin will take off anyway without the need for revising the original design. Once it has gained a large following huge price jumps are less likely, just like with LTC. On the other hand, as you say, an adaptation clearly wouldn't technically harm the coin and might actually enforce trust in developer commitment. Though I'm not sure whether this is necessary either as the devs are evidently doing a great job.

weav

sr. member

Activity: 350

Merit: 250

- "Bitcore (BTX) - Airdrops every Monday"

Quote from: Joerii on June 10, 2013, 04:16:32 PM

Ok, your obviously better at math then I am. How much would the price of PXC have to rise to go to the top of the profitabilty chart again ?

My estimate would be above .0002 again. Right ?

If you look at the estimated coin reward on http://www.coinwarz.com/ you find that the reward ratio PXC/LTC is approximately 61.45, that is you get 61.45 PXC for the same hashrate investment that would yield 1 LTC. On the other hand the fiat reward ratio based on the current exchange prices is approximately $2.48/$0.96 = 2.58 because 1 LTC is currently worth $2.48 while 61.45 PXC are worth $0.96. So the price per PXC (currently 0.00015 BTC on Cryptsy) would have to be multiplied by this value 2.58 to achieve equilibrium with LTC: 0.00015 BTC * 2.58 = 0.000387 BTC or $0.04.

MaGNeT

legendary

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Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: HuuHachu on June 10, 2013, 04:22:07 PM

At this point I don't think a hard fork to change to difficulty adaptation would damage the coin reputation. It may rather damage it if *not* forking.
Forking now means active dev. carring for their coin. The client is not widespread yet, and by posting here they can be sure to easily rech almost all the people using it.

With the numerous alt-coins and quite a lot of MH/s jumping from chain to chain depending on coinchoose or similar, not forking would also mean to have the same problem the next time the price goes up.

I agree.

PhenixCoin is not just about PhenixCoin, "another Litecoin clone", It's all about the applications available / coming up soon and the great devs and their support.
Never seen this professionalism before on an altcoin. The way they respond to questions, criticism, problems, etc is great!

That's what makes the coin, gives it value.

I put my money where my mouth is: I invest in this coin by buying and mining. Difficulty is 10... LTC difficulty is 600 and it's still mined... We may never see it this low again when value picks up...

So man the miners and start mining (if you're not)

Don't ask what your coin can do for you, ask what you can do for your coin! Cool

HuuHachu

full member

Activity: 126

Merit: 100

At this point I don't think a hard fork to change to difficulty adaptation would damage the coin reputation. It may rather damage it if *not* forking.
Forking now means active dev. carring for their coin. The client is not widespread yet, and by posting here they can be sure to easily rech almost all the people using it.

With the numerous alt-coins and quite a lot of MH/s jumping from chain to chain depending on coinchoose or similar, not forking would also mean to have the same problem the next time the price goes up.

Joerii

legendary

Activity: 1274

Merit: 1050

Quote from: weav on June 10, 2013, 04:13:27 PM

Just to give an estimate on how long it will take until the next difficulty change:

It takes approximately difficulty * 2^32 hashes to solve a block on average.

So at the current difficulty of 10.3909 and current average hashrate of approximately 35 MH/s it takes (10.3909 * 2^32 H) / (35 MH/s) = 1275.1 seconds - or 21 minutes and 15 seconds - to solve a block.

That's approximately 35 days for 2400 blocks, that is until the next difficulty change.

I don't think a hardfork would already be the appropriate response as it somewhat dilutes trust into the coin that has no fundamental problems at all with the actual infrastructure and service offerings in store. I think we we should just mine through it and hope for new developer announcements soon which would in turn cause immediate price gains on the exchanges so hashrate will come back automatically.

Ok, your obviously better at math then I am. How much would the price of PXC have to rise to go to the top of the profitabilty chart again ?

My estimate would be above .0002 again. Right ?

weav

sr. member

Activity: 350

Merit: 250

- "Bitcore (BTX) - Airdrops every Monday"

Just to give an estimate on how long it will take until the next difficulty change:

It takes approximately difficulty * 2^32 hashes to solve a block on average.

So at the current difficulty of 10.3909 and current average hashrate of approximately 35 MH/s it takes (10.3909 * 2^32 H) / (35 MH/s) = 1275.1 seconds - or 21 minutes and 15 seconds - to solve a block.

That's approximately 35 days for 2400 blocks, that is until the next difficulty change.

I don't think that a hardfork is the appropriate response at this point as it would somewhat dilute trust in the coin which has no fundamental problems whatsoever with the actual infrastructure backing and service offerings in store. I think we we should just mine through it and hope for new developer announcements soon which will in turn cause immediate price gains on the exchanges so the hashrate will come back automatically.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

I'm solo mining now but not much luck Tongue

I'll be back on one of the pools soon if I don't find one in the next 2 hours... I found many blocks at phenixmining.com Grin

http://www.phenixmining.com/blocksAuth (have to login to see?)

Joerii

legendary

Activity: 1274

Merit: 1050

Quote from: lucazane on June 10, 2013, 03:32:21 PM

Any news on client update ?

Not yet. Keep watching the update thread

lucazane

legendary

Activity: 1198

Merit: 1000

Any news on client update ?

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

I think I just bought another 32,000 PXC

When all PhenixST escrow transactions have cleared, I let you know

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: MaGNeT on June 09, 2013, 06:16:08 PM

Want to buy 32,000 PXC in 5,000 (and one 8,000) buys!!!

I offer 0.000175 BTC / PXC price!

Offer still stands, scroll up for the details

edit: first 5,000 buy order is filled now, 27,000 remaining

mika1977

full member

Activity: 364

Merit: 100

I`m pull in another 1200 Khash to mine PXC. It will be great to rise a little bit more the hash power, and step forward to retarget. We need more miners now.

zackclark70

legendary

Activity: 868

Merit: 1000

ADT developer

Quote from: MaGNeT on June 09, 2013, 06:28:08 PM

Quote from: Joerii on June 09, 2013, 06:17:59 PM

Quote from: MaGNeT on June 09, 2013, 06:16:08 PM

Want to buy 25,000 PXC in 5,000 buys!!!

Damn I'm jealous of your BBcode skills, I can never get it to format like that Grin

Code:

---------------------------------------------------

[color=red]5000 PXC for 0.875 BTC[/color]
Transaction ID: [b]51B4FC05-8CF7-8AFB-D3B8[/b]
[url=https://phenixst.com?t=51B4FC05-8CF7-8AFB-D3B8]LINK[/url]

---------------------------------------------------

just typ into google how to code there is a step by step guide

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: Joerii on June 09, 2013, 06:17:59 PM

Quote from: MaGNeT on June 09, 2013, 06:16:08 PM

Want to buy 25,000 PXC in 5,000 buys!!!

Damn I'm jealous of your BBcode skills, I can never get it to format like that Grin

Code:

---------------------------------------------------

[color=red]5000 PXC for 0.875 BTC[/color]
Transaction ID: [b]51B4FC05-8CF7-8AFB-D3B8[/b]
[url=https://phenixst.com?t=51B4FC05-8CF7-8AFB-D3B8]LINK[/url]

---------------------------------------------------

Joerii

legendary

Activity: 1274

Merit: 1050

Quote from: MaGNeT on June 09, 2013, 06:16:08 PM

Want to buy 25,000 PXC in 5,000 buys!!!

Damn I'm jealous of your BBcode skills, I can never get it to format like that Grin

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Want to buy 32,000 PXC in 5,000 (and one 8,000) buys!!!

I offer 0.000175 BTC / PXC price!

---------------------------------------------------

5000 PXC for 0.875 BTC
Transaction ID: 51B4FC05-8CF7-8AFB-D3B8
LINK

---------------------------------------------------

5000 PXC for 0.875 BTC
Transaction ID: 51B4FBF2-4628-50A0-5637
LINK

---------------------------------------------------

5000 PXC for 0.875 BTC
Transaction ID: 51B4FBE0-43FD-2824-F883
LINK

---------------------------------------------------

5000 PXC for 0.875 BTC
Transaction ID: 51B4FBCD-990D-38F2-C983
LINK

---------------------------------------------------

5000 PXC for 0.875 BTC
Transaction ID: 51B4FBA6-87CF-D914-5FC5
LINK

---------------------------------------------------

8000 PXC for 1.4 BTC
Transaction ID: 51B503B5-8163-357C-3053
LINK

---------------------------------------------------

Trading them at Phenix Safe Trader -> https://phenixst.com
Safe for buyer and seller

nviere

full member

Activity: 168

Merit: 100

Quote from: Joerii on June 09, 2013, 01:43:41 PM

Check out the new updates thread guys ! https://bitcointalksearch.org/topic/official-phenixcoinpxc-update-thread-230056

Certainly look forward to the new updates!

Joerii

legendary

Activity: 1274

Merit: 1050

Check out the new updates thread guys ! https://bitcointalksearch.org/topic/official-phenixcoinpxc-update-thread-230056

Topic: Offical launch of PhenixCoin.com - page 56. (Read 151407 times)