Offical launch of PhenixCoin.com

[Mahav]

Price of PhenixCoin is now at $ 0.02 (0.00018 BTC).

When the new sites are launched (can't disclose all but it's big, bigger than DGC) it will go up to $ 0.20 at least, so 500% profitability against BTC at current difficulty.

I'm not crazy, I'm mining PXC 24/7.

Bold prediction, but I can't help but feel the same. Coinchoose-using pool hoppers may try to justify trading the most profitable coin back to BTC etc, but in the end, the foresight to see the positive direction PXC wins over instant gratification

[sikman]

Price of PhenixCoin is now at $ 0.02 (0.00018 BTC).

When the new sites are launched (can't disclose all but it's big, bigger than DGC) it will go up to $ 0.20 at least, so 500% profitability against BTC at current difficulty.

I'm not crazy, I'm mining PXC 24/7.

+1 Im holding as well for the outcome, if not then nothing really lost

[ImI]

Price of PhenixCoin is now at $ 0.02 (0.00018 BTC).

When the new sites are launched (can't disclose all but it's big, bigger than DGC) it will go up to $ 0.20 at least, so 500% profitability against BTC at current difficulty.

I'm not crazy, I'm mining PXC 24/7.

In terms of profitability its would be much wiser then to just buy PXC, instead of mining it.

[MaGNeT]

Price of PhenixCoin is now at $ 0.02 (0.00018 BTC).

When the new sites are launched (can't disclose all but it's big, bigger than DGC) it will go up to $ 0.20 at least, so 500% profitability against BTC at current difficulty.

I'm not crazy, I'm mining PXC 24/7.

In terms of profitability its would be much wiser then to just buy PXC, instead of mining it.

I both mine and buy PXC.
Without miners, there is no PXC network and mined PXC would become worthless.

So both is needed
It's not all about "profitability", if it was Bitcoin could die when price drops 30%.

When I support a coin, I support it, not only if profitability is >100%.

[ImI]

Price of PhenixCoin is now at $ 0.02 (0.00018 BTC).

When the new sites are launched (can't disclose all but it's big, bigger than DGC) it will go up to $ 0.20 at least, so 500% profitability against BTC at current difficulty.

I'm not crazy, I'm mining PXC 24/7.

In terms of profitability its would be much wiser then to just buy PXC, instead of mining it.

I both mine and buy PXC.
Without miners, there is no PXC network and mined PXC would become worthless.

So both is needed
It's not all about "profitability", if it was Bitcoin could die when price drops 30%.

When I support a coin, I support it, not only if profitability is >100%.

You were arguing with "500% profitability". All i am saying is that: In terms of profitability its would be much wiser then to just buy PXC, instead of mining it.

I you want to support PXC go ahead! But dont fool people into mining PCX with promises of future profitability where there is simply no such profitabilty.

[MaGNeT]

Price of PhenixCoin is now at $ 0.02 (0.00018 BTC).

When the new sites are launched (can't disclose all but it's big, bigger than DGC) it will go up to $ 0.20 at least, so 500% profitability against BTC at current difficulty.

I'm not crazy, I'm mining PXC 24/7.

In terms of profitability its would be much wiser then to just buy PXC, instead of mining it.

I both mine and buy PXC.
Without miners, there is no PXC network and mined PXC would become worthless.

So both is needed
It's not all about "profitability", if it was Bitcoin could die when price drops 30%.

When I support a coin, I support it, not only if profitability is >100%.

You were arguing with "500% profitability". All i am saying is that: In terms of profitability its would be much wiser then to just buy PXC, instead of mining it.

I you want to support PXC go ahead! But dont fool people into mining PCX with promises of future profitability where there is simply no such profitabilty.

I don't make promises, I make predictions based on the facts I have

The only reason you can buy / sell PXC and get it from wallet to exchange and vise versa, is because people still mine it

[ToxicDartFrog]

I you want to support PXC go ahead! But dont fool people into mining PCX with promises of future profitability where there is simply no such profitabilty.

Fooling people? LOL. We like to think ahead where the coinchoosers typically mine "what's profitable today" and by the time they go to turn and sell what they've mined it's already off the top of the list and no longer so profitable. Sounds like a pretty bad strategy to me and it's silly so many people are attempting it. And again, you can still get like 100PXC/day on 1000kh so still decent when you think in terms of coin count.

I'm also not so sure people were being told to only mine. Seems people were just saying "load up now because the potential gains are very high". Hell, half of my PXC holdings are from buying, but I'm not going to drop every last bitcoin I own into it since that's also a bad strategy (and a pump and dump scenario could hurt credibility). So in order to continue increasing coin count I leave my miner pointed at one of the pools and as an added benefit I get to help support the network which I think will have a big future when the new sites release.

Currently cheap coin and big news on the way? What's that a signal for?

[MKoch]

Are there any known issues with phenixst.com? I can't create a new transaction atm. I want to buy some PXC via escrow
If i press the "Create transaction" button nothing happens and the popup stays open...

[ToxicDartFrog]

Are there any known issues with phenixst.com? I can't create a new transaction atm. I want to buy some PXC via escrow
If i press the "Create transaction" button nothing happens and the popup stays open...

Not sure if escrow site is having issues but cryptsy is still an option if you wanted a safe way to buy.

[MKoch]

Are there any known issues with phenixst.com? I can't create a new transaction atm. I want to buy some PXC via escrow
If i press the "Create transaction" button nothing happens and the popup stays open...

Not sure if escrow site is having issues but cryptsy is still an option if you wanted a safe way to buy.

Yeah i know, but i'm playing just with a small amount of money and i'm to greedy to pay the withdrawl fees ^^ ... atm i just want to buy PXC for ~0,57BTC ... maybe i will take a look later on if cryptsy will be an option for me ..

[Joerii]

Are there any known issues with phenixst.com? I can't create a new transaction atm. I want to buy some PXC via escrow
If i press the "Create transaction" button nothing happens and the popup stays open...

Not sure if escrow site is having issues but cryptsy is still an option if you wanted a safe way to buy.

Yeah i know, but i'm playing just with a small amount of money and i'm to greedy to pay the withdrawl fees ^^ ... atm i just want to buy PXC for ~0,57BTC ... maybe i will take a look later on if cryptsy will be an option for me ..

For small ammount cryptsy is fine. The chances are VERY slim someone is going to give you a better deal. Use SafeTrade for larger deals.

[torzsy]

CURRENT DIFFICULTY
10.3909
NEXT DIFFICULTY
1.7948
RETARGET TIME
01 Jul 19:53 UTC

 

[MKoch]

Are there any known issues with phenixst.com? I can't create a new transaction atm. I want to buy some PXC via escrow
If i press the "Create transaction" button nothing happens and the popup stays open...

Not sure if escrow site is having issues but cryptsy is still an option if you wanted a safe way to buy.

Yeah i know, but i'm playing just with a small amount of money and i'm to greedy to pay the withdrawl fees ^^ ... atm i just want to buy PXC for ~0,57BTC ... maybe i will take a look later on if cryptsy will be an option for me ..

For small ammount cryptsy is fine. The chances are VERY slim someone is going to give you a better deal. Use SafeTrade for larger deals.

Do you know the withdrawl fees on cryptsy for PXC? I think after the trade i will keep them in my wallet for some time and not on an exchange ;-)

[MKoch]

CURRENT DIFFICULTY
10.3909
NEXT DIFFICULTY
1.7948
RETARGET TIME
01 Jul 19:53 UTC

 

I'm not concernes about the retarget time ... i'm more concerned about the fact that we will have diff 1.7 just for around one day after we are at 10 again if nothing changes ... i guess that our developers are a bit under pressure ... 01 Jul is now like a deadline for them :/ ... don't know if the community would be strong enough to survive two such situations in a row ...

[torzsy]

Are there any known issues with phenixst.com? I can't create a new transaction atm. I want to buy some PXC via escrow
If i press the "Create transaction" button nothing happens and the popup stays open...

Not sure if escrow site is having issues but cryptsy is still an option if you wanted a safe way to buy.

Yeah i know, but i'm playing just with a small amount of money and i'm to greedy to pay the withdrawl fees ^^ ... atm i just want to buy PXC for ~0,57BTC ... maybe i will take a look later on if cryptsy will be an option for me ..

For small ammount cryptsy is fine. The chances are VERY slim someone is going to give you a better deal. Use SafeTrade for larger deals.

Do you know the withdrawl fees on cryptsy for PXC? I think after the trade i will keep them in my wallet for some time and not on an exchange ;-)

On Accoun balance page it says:

Withdrawal Fee 0.10000000 PXC

I can confirm it.

[ToxicDartFrog]

I'm not concernes about the retarget time ... i'm more concerned about the fact that we will have diff 1.7 just for around one day after we are at 10 again if nothing changes ... i guess that our developers are a bit under pressure ... 01 Jul is now like a deadline for them :/ ... don't know if the community would be strong enough to survive two such situations in a row ...

I'm concerned about that too but I'm also a little confused. It was mentioned we have a max retarget by a factor of 4. Is this only for diff increases? 10 down to 1.7 is more than that. So we could go back down to 2.5 for a day and be right back to 10 or we dip to 1.7 and bounce to 6.8 which wouldn't be as bad I guess but still pretty wild. Hopefully a fix comes before the 1st and neither situation plays out

[MKoch]

I'm not concernes about the retarget time ... i'm more concerned about the fact that we will have diff 1.7 just for around one day after we are at 10 again if nothing changes ... i guess that our developers are a bit under pressure ... 01 Jul is now like a deadline for them :/ ... don't know if the community would be strong enough to survive two such situations in a row ...

I'm concerned about that too but I'm also a little confused. It was mentioned we have a max retarget by a factor of 4. Is this only for diff increases? 10 down to 1.7 is more than that. So we could go back down to 2.5 for a day and be right back to 10 or we dip to 1.7 and bounce to 6.8 which wouldn't be as bad I guess but still pretty wild. Hopefully a fix comes before the 1st and neither situation plays out

Yes i think we have the factor of 4 (even if im not 100% sure). But i guess you have this information from http://pxc.epools.org/ and they also had a wrong estimation during the increase... The estimation of this pool was around 20. So i guess they just forgot to include this min / max factor in the calculation ...

[nawazish1]

Price of PhenixCoin is now at $ 0.02 (0.00018 BTC).

When the new sites are launched (can't disclose all but it's big, bigger than DGC) it will go up to $ 0.20 at least, so 500% profitability against BTC at current difficulty.

I'm not crazy, I'm mining PXC 24/7.

In terms of profitability its would be much wiser then to just buy PXC, instead of mining it.

I both mine and buy PXC.
Without miners, there is no PXC network and mined PXC would become worthless.

So both is needed
It's not all about "profitability", if it was Bitcoin could die when price drops 30%.

When I support a coin, I support it, not only if profitability is >100%.

You were arguing with "500% profitability". All i am saying is that: In terms of profitability its would be much wiser then to just buy PXC, instead of mining it.

I you want to support PXC go ahead! But dont fool people into mining PCX with promises of future profitability where there is simply no such profitabilty.

For two days worldcoin was profitable 600% and up. So don't think that it is impossible. Think before you speak.

[nviere]

PHX is on the riseee

[ImI]

Price of PhenixCoin is now at $ 0.02 (0.00018 BTC).

When the new sites are launched (can't disclose all but it's big, bigger than DGC) it will go up to $ 0.20 at least, so 500% profitability against BTC at current difficulty.

I'm not crazy, I'm mining PXC 24/7.

In terms of profitability its would be much wiser then to just buy PXC, instead of mining it.

I both mine and buy PXC.
Without miners, there is no PXC network and mined PXC would become worthless.

So both is needed
It's not all about "profitability", if it was Bitcoin could die when price drops 30%.

When I support a coin, I support it, not only if profitability is >100%.

You were arguing with "500% profitability". All i am saying is that: In terms of profitability its would be much wiser then to just buy PXC, instead of mining it.

I you want to support PXC go ahead! But dont fool people into mining PCX with promises of future profitability where there is simply no such profitabilty.

For two days worldcoin was profitable 600% and up. So don't think that it is impossible. Think before you speak.

LOL! Nawazish. Think before you speak. Exactly.

Nobody says 500% or 5000% isnt possible, but this future profitability calculatiuon is just bogus. It simply doesnt make sense to mine it when you expect a rise to $0.20. Then you actually should buy it, or mine some other coins and convert them to PCX. But maybe that already to much math i guess...

The only reason would be that you want to support that coin for whatever reasons. Thats OK. But dont tell people here that mining makes sense cause price will rise to $0.20!