Do you think this can hit 10 before long? I lost my ass on GREASE-Coin and can't afford any more losses.
I could send PCN to 10 Satoshi just by spending around $10 on CryptoRush buying ProCoin, so that price would be very easy to get to. By spending 1 BTC I could send the price to 300+.
Volume is very low on the buy side at the moment, and there isn't a huge amount on the sell side yet. One reason for this of course is that it's such a new coin and there aren't that many yet in existence.
Personally I'm not expecting a real return on this project until towards the end of the year, since all the marketing work and upgrade to version 2 will take a while. At that stage, it's my expectation that the price and activity around the coin will look incredibly different, since that is the goal.
But I do understand that a six month timeline in the crypto-currency world is a lifetime, and all the craziness going on in the country specific coins is a lot more interesting at the moment, so taking such a long term view with a crypto-coin is a leap of faith.
I've been a little distracted with other work the last few days but I'm making it a daily habit now to promote ProCoin every day, and once PCN does start going up the pre-mine will have value so getting a lot of help with marketing and promotion will be much easier, and then things will
really take off.
Do you think this can hit 10 before long? I lost my ass on GREASE-Coin and can't afford any more losses.
There are no guarantees but I don't see why not. A lot of miners and investors have moved to country coins in recent weeks but that trend is probably declining.
It would be nice to see some hash moving to ProCoin - especially since I'm literally giving away free money with the PCN 10% Block Finder Bonus. 100 PCNs per block (which are already 1,000 each) can add up pretty quick, especially when the diff is .17!
Even with 1 MHZ the rewards could be enormous. Considering they're going for 5 Sat each it should be easy money.
That said I think it's a good idea to try and get on Bitrrex now, just because of all the troubles that Cryptorush are having now.
I believe it is cheaper to mine PCN right now than buy, even with the very low price. The following website gives an idea of how the profitability compares to LiteCoin:
http://sancrypto.info/index/show/PCN/It seems right now PCN is slightly less profitable than LiteCoin, but I think the longer term upside is much,
much higher for ProCoin, one reason being that it's starting from such a low current price.
If you need to throw more hashing at PCN there's
http://leaserig.net/ and
https://www.betarigs.com/ and you can get 1 MH/s for 24 hours for at little as 0.007 BTC.
Admittedly, I don't quite understand the benefit of this coin (or most of them, for that matter), but I'm going to mine the hell out of it for now anyway.
The benefits will really start to kick in with version 2, but in the mean time I'm focusing on making this a crypto-currency with businesses as the priority, and that helps support and train businesses in how to implement and benefit from crypto-currencies.
If we can get a foothold there it's a much more stable and long term market than trying to attract the pump and dumpers, but we have to show real benefit to business. One way to start to do that is just to cut through all the craziness in this market and just put across clearly the pros and cons to business of using and getting involved with crypto-currencies.
Man decent enough? I'm sure we can get a little better endorsement if you want us to list this coin heh
Bittrex is awesome!
Would love for you guys to list us, but I understand if you don't feel it's the right time at the moment. Thanks!
