Offical launch of PhenixCoin.com

[MKoch]

We are at 20% to next difficulty change...

Was mining PXC solo for 12 hours, now back on phenixmining.com

good job dude. Unfortunately I don't have the hashing power to waste on that..

When you look at CoinChoose you see profitability for current price.

I guess you don't believe in PhenixCoin? You don't believe price will go up? You sell all you mine? Or do you hold? If you hold, why stop mining? Or do you mine other coins and buy back PXC?

Not just a question for you, also for others who quit mining PXC.

I can just tell from my point of view... i'm currently mining with my one and only 7950 card @ ~570 KH/s. Only on PXC... for me it is also a kind of "long term" investment ... with the current prices and diff i would lose money if i sell because here i pay around 0.28$ for power ... I will just continue mining and collect as much coins as i can. Just my two cents. I'm just looking forward that we can get rid of this bad situation atm together :-) ... if more people would think like that it would over in just a view days ...

Right .. . We are put to the test lol ...Just stay strong and keep on mining, it will pay off for sure ...And thx to MaGNeT and MKoch for mining with http://phenixmining.com

The pool is running well. I havent had any problems yet. And only 1.1% rejected on a non-stratum pool is quite nice. Good job

[cryptohunter]

Maybe remove the coin from coinchoose and friends ... then the next diff adjustment will have less impact because all the automatic and not so up to date coin switcher wont jump to fast on the coin. Then also the devs would have a bit more time to think about a solution ... i know that it is not the best solution to "hide" a coin from the public, but maybe it would bring just a bit of stability before there is a final workaround ...

the devs need to look at my coin ideas https://bitcointalk.org/index.php?topic=226582.20

Some nice ideas, although how easy it is for them to change this type of thing so drastically now i am not sure.

The devs need to be a lot more vocal though since although they have rightly said they will not announce new developments before launch they need to not just go all quiet else people lose confidence. The total hash rate is quite tiny now that's quite sad to see actually. Would have thought a few more people would have left a miner on it although i understand a lot of people can not operate at a loss for 30days. Even if that loss does become a large profit in the future.

[zackclark70]

Maybe remove the coin from coinchoose and friends ... then the next diff adjustment will have less impact because all the automatic and not so up to date coin switcher wont jump to fast on the coin. Then also the devs would have a bit more time to think about a solution ... i know that it is not the best solution to "hide" a coin from the public, but maybe it would bring just a bit of stability before there is a final workaround ...

the devs need to look at my coin ideas https://bitcointalk.org/index.php?topic=226582.20

Some nice ideas, although how easy it is for them to change this type of thing so drastically now i am not sure.

The devs need to be a lot more vocal though since although they have rightly said they will not announce new developments before launch they need to not just go all quiet else people lose confidence. The total hash rate is quite tiny now that's quite sad to see actually. Would have thought a few more people would have left a miner on it although i understand a lot of people can not operate at a loss for 30days. Even if that loss does become a large profit in the future.

I think it is possible to change the diff retarget time  and there is no reason why they couldn’t add a message feature into an alternate wallet like I plan to do

zack

[cryptohunter]

Maybe remove the coin from coinchoose and friends ... then the next diff adjustment will have less impact because all the automatic and not so up to date coin switcher wont jump to fast on the coin. Then also the devs would have a bit more time to think about a solution ... i know that it is not the best solution to "hide" a coin from the public, but maybe it would bring just a bit of stability before there is a final workaround ...

the devs need to look at my coin ideas https://bitcointalk.org/index.php?topic=226582.20

Some nice ideas, although how easy it is for them to change this type of thing so drastically now i am not sure.

The devs need to be a lot more vocal though since although they have rightly said they will not announce new developments before launch they need to not just go all quiet else people lose confidence. The total hash rate is quite tiny now that's quite sad to see actually. Would have thought a few more people would have left a miner on it although i understand a lot of people can not operate at a loss for 30days. Even if that loss does become a large profit in the future.

I think it is possible to change the diff retarget time  and there is no reason why they couldn’t add a message feature into an alternate wallet like I plan to do

zack

cool, let's get it done then asap. Did they create this coin themselves and can they make the changes or whom reliable could they hire who would not mess everything up?

[JeanCool]

We are at 20% to next difficulty change...

Was mining PXC solo for 12 hours, now back on phenixmining.com

good job dude. Unfortunately I don't have the hashing power to waste on that..

When you look at CoinChoose you see profitability for current price.

I guess you don't believe in PhenixCoin? You don't believe price will go up? You sell all you mine? Or do you hold? If you hold, why stop mining? Or do you mine other coins and buy back PXC?

Not just a question for you, also for others who quit mining PXC.

I can just tell from my point of view... i'm currently mining with my one and only 7950 card @ ~570 KH/s. Only on PXC... for me it is also a kind of "long term" investment ... with the current prices and diff i would lose money if i sell because here i pay around 0.28$ for power ... I will just continue mining and collect as much coins as i can. Just my two cents. I'm just looking forward that we can get rid of this bad situation atm together :-) ... if more people would think like that it would over in just a view days ...

Right .. . We are put to the test lol ...Just stay strong and keep on mining, it will pay off for sure ...And thx to MaGNeT and MKoch for mining with http://phenixmining.com

The pool is running well. I havent had any problems yet. And only 1.1% rejected on a non-stratum pool is quite nice. Good job

TY, Sir! I try to resolve issues as soon as I hear of them and still I'm in a learning process, so feedback like this helps me alot

[MKoch]

We are at 20% to next difficulty change...

Was mining PXC solo for 12 hours, now back on phenixmining.com

good job dude. Unfortunately I don't have the hashing power to waste on that..

When you look at CoinChoose you see profitability for current price.

I guess you don't believe in PhenixCoin? You don't believe price will go up? You sell all you mine? Or do you hold? If you hold, why stop mining? Or do you mine other coins and buy back PXC?

Not just a question for you, also for others who quit mining PXC.

I can just tell from my point of view... i'm currently mining with my one and only 7950 card @ ~570 KH/s. Only on PXC... for me it is also a kind of "long term" investment ... with the current prices and diff i would lose money if i sell because here i pay around 0.28$ for power ... I will just continue mining and collect as much coins as i can. Just my two cents. I'm just looking forward that we can get rid of this bad situation atm together :-) ... if more people would think like that it would over in just a view days ...

Right .. . We are put to the test lol ...Just stay strong and keep on mining, it will pay off for sure ...And thx to MaGNeT and MKoch for mining with http://phenixmining.com

The pool is running well. I havent had any problems yet. And only 1.1% rejected on a non-stratum pool is quite nice. Good job

TY, Sir! I try to resolve issues as soon as I hear of them and still I'm in a learning process, so feedback like this helps me alot

The only thing that i see at the moment is the wrong information of "Curr. Round Shares" ... it always displays a minus value, which is not right i guess ... but i saw this also on other pools. Seems to be a common problem

[ToxicDartFrog]

I'm still putting a constant ~850kh to the phenixmining pool. Basically since I found PXC my miner has been running nonstop Anyway we really should figure out how to get through this diff problem and prevent it from happening again. A hard fork with a couple of adjustments should help for the future stability of the coin but not until the right block is reached to trigger the diff retarget. Also as mentioned when we get through this if the diff goes way back down the same thing will likely happen all over again. So while the network is having its least activity in a while we should fork with a quicker block retarget and maximum % diff change and we'll become quite resistant to future fluctuations in hashrate.

[MKoch]

I'm still putting a constant ~850kh to the phenixmining pool. Basically since I found PXC my miner has been running nonstop Anyway we really should figure out how to get through this diff problem and prevent it from happening again. A hard fork with a couple of adjustments should help for the future stability of the coin but not until the right block is reached to trigger the diff retarget. Also as mentioned when we get through this if the diff goes way back down the same thing will likely happen all over again. So while the network is having its least activity in a while we should fork with a quicker block retarget and maximum % diff change and we'll become quite resistant to future fluctuations in hashrate.

We already have a maximum diff change which is at the moment the factor 4 afaik. As you could see during the last retarget we didn't jumped from ~2.5 to around 22. We jumped "only" to 10.x.

My proprosal would be to decrease the maximum retarget factor to 2 and add a kind of fallback for the time WHEN the retarget happens. Something like: Retarget after the next 2400 blocks OR in 8 days from the last retarget, depending which critieria was fullfilled first. Due to this we wouldn't stuck for such a long period and due to the lower factor the adjustment would be smoother.

I've never developed a coind neither i have checked the implementation, so i don't know how easy it is add such functionality. Also i don't know the drawbacks of such a solution. But from my point of view it doesn't sound really tricky... =)

Edit: Well sorry ... my proposal is basically what ToxicDartFrog wrote ^^ ... nevermind, haven't read it carefully enough ..

[lucazane]

Just go to crypshit and buy 10 BTC worth of pxc and you will have 300 Mh/s in less than 2 hours

[DonDe]

Just go to crypshit and buy 10 BTC worth of pxc and you will have 300 Mh/s in less than 2 hours

that my friend would be keeping the PXC price artificially high, which would not help the coin. The only way the value of the coin can be high is if the devs create services to be purchased with this coin.

[MaGNeT]

Just go to crypshit and buy 10 BTC worth of pxc and you will have 300 Mh/s in less than 2 hours

that my friend would be keeping the PXC price artificially high, which would not help the coin. The only way the value of the coin can be high is if the devs create services to be purchased with this coin.

That's why it's smart to buy PXC now, when the services and apps are released, you can't buy them this cheap.

[MaGNeT]

Waiting for an update

[ToxicDartFrog]

Yeah some small news would be nice I realize there was an update post only 48hrs ago but even just 'we're still working on a difficulty fix should be a few more days' would help keep spirits up.

[torzsy]

Yeah some small news would be nice I realize there was an update post only 48hrs ago but even just 'we're still working on a difficulty fix should be a few more days' would help keep spirits up.

Agreed. 

[MaGNeT]

John, Iamatrix,

If you need testers for the new diff change adjustment (on testnet?) before releasing it, I could throw some hashes at it

[nviere]

Waiting for an update

waiting as well

[zackclark70]

we could all do with an update as people are slowly selling more and more on cryptcy

[cryptohunter]

we could all do with an update as people are slowly selling more and more on cryptcy

let's hope it's not the devs unloading..

I'm joking but still the silence is not good. Need some activity on the thread at all times even a comment once a day will help.

[rqdxrocket]

A lot of us are anxiously awaiting an update on this.  I see that the network hashrate is still dropping and there are more people selling on crypsy.  I am currently trying out solo mining to see how it goes.

I just posted this on the official update thread here https://bitcointalk.org/index.php?topic=230056.0

[nawazish1]

One word by the developers a day keeps the tension away.