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Author Topic: PhenixCoin profitability - estimated 200%  (Read 1357 times)
daytrader420
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May 24, 2013, 06:46:41 PM
 #1

I just calculated the math on PhenixCoin (vs ltc) profitability.

It is about (almost) 200%, if you are selling your coins at 17 LTC/1K PXC.

This is really profitable for miners, and buyers are eating it up, because of the coin's potential.

The difficulty is about 4.84

LTC difficulty is 558

558/4.84 = so theoretically you should find 115 PXC blocks at the same rate you'd find 1 LTC block.

115 PXC blocks = 5750 PXC.

5.75 PXC  x 17 LTC / 1K PXC = 97 LTC

Once LTC difficulty rises in 12 hours, PXC will gain even more profitability.

This is a great solution for solo miners also, you also remove risk of longer rounds of badluck with a smaller difficulty.

Just some interesting numbers for you guys. Smiley

Smiley
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May 24, 2013, 07:50:44 PM
 #2

OK so as we speak on the 24th of May 2013, how are 100PHC worth in LTC? 2?
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May 24, 2013, 07:53:38 PM
 #3

It's worth nothing, it's just for playing poker.

The owner has 1 Million coins, if it's worth 2 LTC for 100PHC then he has 20000 LTC worth of PHC. Sounds fishy for me. Wink

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May 24, 2013, 07:55:05 PM
 #4

OK so as we speak on the 24th of May 2013, how are 100PHC worth in LTC? 2?

According to daytrader's numbers.... does 17/10 = 2? No? ....

I have seen a few trades go at 19LTC/1000PHC, so I guess it's close enough
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May 24, 2013, 08:04:57 PM
 #5

It's worth nothing, it's just for playing poker.

The owner has 1 Million coins, if it's worth 2 LTC for 100PHC then he has 20000 LTC worth of PHC. Sounds fishy for me. Wink

The "owner" gives away a lot of coins to attract players.

This coin has real business behind it, compare that to any other Pump&Dump coin...

Unofficial Waves topic: https://bitcointalk.org/index.php?topic=2142722   |   My Waves address alias = magnet
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May 24, 2013, 08:06:34 PM
 #6

I just calculated the math on PhenixCoin (vs ltc) profitability.

It is about (almost) 200%, if you are selling your coins at 17 LTC/1K PXC.

This is really profitable for miners, and buyers are eating it up, because of the coin's potential.

The difficulty is about 4.84

LTC difficulty is 558

558/4.84 = so theoretically you should find 115 PXC blocks at the same rate you'd find 1 LTC block.

115 PXC blocks = 5750 PXC.

5.75 PXC  x 17 LTC / 1K PXC = 97 LTC

Once LTC difficulty rises in 12 hours, PXC will gain even more profitability.

This is a great solution for solo miners also, you also remove risk of longer rounds of badluck with a smaller difficulty.

Just some interesting numbers for you guys. Smiley

I like Phoenix Coin. But isn't LTC diff supposed to decrease?

daytrader420
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May 24, 2013, 10:54:51 PM
 #7

I just calculated the math on PhenixCoin (vs ltc) profitability.

It is about (almost) 200%, if you are selling your coins at 17 LTC/1K PXC.

This is really profitable for miners, and buyers are eating it up, because of the coin's potential.

The difficulty is about 4.84

LTC difficulty is 558

558/4.84 = so theoretically you should find 115 PXC blocks at the same rate you'd find 1 LTC block.

115 PXC blocks = 5750 PXC.

5.75 PXC  x 17 LTC / 1K PXC = 97 LTC

Once LTC difficulty rises in 12 hours, PXC will gain even more profitability.

This is a great solution for solo miners also, you also remove risk of longer rounds of badluck with a smaller difficulty.

Just some interesting numbers for you guys. Smiley

I like Phoenix Coin. But isn't LTC diff supposed to decrease?

I'm just going off stats based at https://www.litecoinpool.org/stats estimating litecoin next difficulty at 590, an increase from 558.


Smiley
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May 24, 2013, 10:57:14 PM
 #8

Then if it has 200% profitability, why not let it float on the market rather than hide it. I like to see this coin perform on coinchoose.
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May 26, 2013, 09:47:04 AM
 #9

Then if it has 200% profitability, why not let it float on the market rather than hide it. I like to see this coin perform on coinchoose.

I prefer finishing the casino games first, then open an exchange for it Smiley

Unofficial Waves topic: https://bitcointalk.org/index.php?topic=2142722   |   My Waves address alias = magnet
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May 26, 2013, 10:22:13 AM
 #10

Then if it has 200% profitability, why not let it float on the market rather than hide it. I like to see this coin perform on coinchoose.

I prefer finishing the casino games first, then open an exchange for it Smiley

yes and after a casino app for android and iphone come only then release on the exchanges i think. Anyway no need hopefully since they are coding out their own exchange for it.

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Caesar V
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May 26, 2013, 10:25:24 AM
 #11

This is probably the only coin that I won't be dumping at the start. Have 50k of it, might sell 10 but keep the remaining 40 and see where the coin goes.
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May 26, 2013, 10:27:27 AM
 #12

Then if it has 200% profitability, why not let it float on the market rather than hide it. I like to see this coin perform on coinchoose.

I prefer finishing the casino games first, then open an exchange for it Smiley

The poker game needs fixing...badly
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May 26, 2013, 10:42:35 AM
 #13

+1 on poker game need fixing, I want to use my PXC coins for some fun and cant even-play a tournament, I can join but nothing happens

nulo0b
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May 26, 2013, 10:44:08 AM
 #14

+1 on poker game need fixing, I want to use my PXC coins for some fun and cant even-play a tournament, I can join but nothing happens

You wantto use your pxc?
Stop playing the feerolls than.. the other games are perfect and rake free till the tournament will be fixt.

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May 27, 2013, 05:37:00 AM
 #15

+1 on poker game need fixing, I want to use my PXC coins for some fun and cant even-play a tournament, I can join but nothing happens

You wantto use your pxc?
Stop playing the feerolls than.. the other games are perfect and rake free till the tournament will be fixt.


So let me get this right the only use of Phenixes is Gambling, no other application?
MaGNeT
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May 27, 2013, 05:46:21 AM
 #16

+1 on poker game need fixing, I want to use my PXC coins for some fun and cant even-play a tournament, I can join but nothing happens

You wantto use your pxc?
Stop playing the feerolls than.. the other games are perfect and rake free till the tournament will be fixt.


So let me get this right the only use of Phenixes is Gambling, no other application?

Yup, it's like casino fiches.

At least PXC is an altcoin with a real application.
95% of all the other "P&D" altcoins only exist on exchanges and Google Docs.

Unofficial Waves topic: https://bitcointalk.org/index.php?topic=2142722   |   My Waves address alias = magnet
TheFuneral
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May 27, 2013, 05:55:09 AM
 #17

+1 on poker game need fixing, I want to use my PXC coins for some fun and cant even-play a tournament, I can join but nothing happens

You wantto use your pxc?
Stop playing the feerolls than.. the other games are perfect and rake free till the tournament will be fixt.


So let me get this right the only use of Phenixes is Gambling, no other application?

What other coins besides LTC and BTC have application?
Fallout
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May 27, 2013, 06:04:57 AM
 #18

NMC, DVC Wink
smilez
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May 27, 2013, 07:03:06 AM
 #19

Where can I go if I want to play the poker game?

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May 27, 2013, 07:52:26 AM
 #20

Where can I go if I want to play the poker game?

http://phenixpoker.com/


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