Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FujiCoin | Japan | Since 2014 | The Best Crypto Currency
by
lightfoot
on 07/06/2021, 15:13:00 UTC
Ok, I now know the value of a Fujicoin.

Last week for 24 hours I threw 100mh worth of hash rate at N=11 Scrypt at the Fujicoin chain. As expected it adjusted difficulty quickly to compensate and the number of miners went from three and around 150mh total before I started to four others and 250mh. Apparently someone saw me mining and brought up some more power to compensate.

So I was mining 25% of the chain. Mined for 24 hours and got about 1,000,000 fujicoins in a wallet.

Now how much are those coins worth? Well, they need to be worth the opportunity cost I could have made to mine some other coin like Litecoin. I would have been able to mine 3 lite cents in 24 hours using the same equipment. Therefore 1,000,000fjc=.03ltc

Or 1 fjc=.03/1,000,000 litecoins.
or 1 fjc=.00000003 LTC


Given that LTC=177.72 usd, the value of 1 fjc is .00000003*177.72 or $.0000053316

Hurray!

Unfortunately that's less than 1 sat per fjc which is probably why it's not trading on exchanges.
Given that as of this morning 1 LTC=.005 btc