Phoenixcoin (PXC) is an open-source, decentralized, and peer-to-peer cryptocurrency that is based on Litecoin. Released in May 2013, Phoenixcoin is among the several altcoins in the market at present, aiming to provide every user faster and better transactions online. But Phoenixcoin (PXC) is a standout among the bunch of cryptocoins as it?s designed to adapt to the most advanced technology in providing quick and reliable methods to send money all over the world.
To begin using Phoenixcoin (PXC), users are required to grab hold of a client software or digital wallet. The Phoenixcoin Wallet can be easily downloaded online and will instantly connect you to the vast and secure network of Phoenixcoin (PXC). Available for Windows and Linux computers, the Phoenixcoin Wallet is regularly updated by a team of skilled developers.
Simply take advantage of the available Phoenixcoin Faucet online to receive free coins without having to mine or pay. Although you might have to wait for its cooldown or regeneration period, you will be able to collect your share of the available free coins.
Phoenixcoin mining uses standard scrypt algorithm and will produce as many as 98 million coins during its lifetime. With a block target of 1.5 minutes, experts can expect new blocks to be generated instantly, which will land them with 50 coins per mined block. However, expect the reward to halve every one million blocks though.
At this rate, it?s safe to say that solo miners will definitely earn a lot, especially with a Phoenixcoin Difficulty of only 3.3001 that adjusts every 20 blocks. However, this doesn?t mean that being part of a Phoenixcoin Mining pool will be a bad choice. After all, mining in pools won?t require you to exert effort as much as you need when mining solo. However, pool miners must know beforehand that they need to pay pool fees.
Regardless of mining alone or in pools, miners will be subject to a high level of difficulty fluctuation, which in turn will affect the regularity of the collection of coin rewards. To have a good estimate of your expected earnings for a day or up to a year, simply use a Phoenixcoin Calculator.
Phoenixcoin (PXC) can be traded with Bitcoin and Litecoin on Cryptsy, while CoinEX has PXC listed in the Bitcoin market only. While it has a high exchange volume in Cryptsy, the Phoenixcoin Exchange rate, however, is highly unstable. This can be attributed to the fluctuating Phoenixcoin Price/Value in the market. In effect, Phoenixcoin (PXC) is evidently weak when traded with Bitcoin.