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Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 492. (Read 1369778 times)

member
Activity: 60
Merit: 10
Please tell me what the part that you innovative?
full member
Activity: 224
Merit: 100
any news on android wallet?
newbie
Activity: 42
Merit: 0
Aaw i just broke my miner!!
Added a new gpu and it ran for two hours before the psu gave up..
And since i live in north sweden in the middle of nowhere i cant just go out and buy a new one... have to order from the net.. now i cant mine until some time next week!!!

But the good thing is i will have 1.2mh/s then Smiley

Send me your Mint Address, ill send some mint im minting for free!
full member
Activity: 210
Merit: 100
Aaw i just broke my miner!!
Added a new gpu and it ran for two hours before the psu gave up..
And since i live in north sweden in the middle of nowhere i cant just go out and buy a new one... have to order from the net.. now i cant mine until some time next week!!!

But the good thing is i will have 1.2mh/s then Smiley
full member
Activity: 126
Merit: 100
Hello people,

Today i got into the world of minting. As an early invester in Bitcoin, i believe that this coin is a new great investment!
The low price and the great possibility to grow and expand to the same level as Blackcoin is very plausible in my opinion.

I think in a few weeks people wish they bought today!  Grin




Welcome to the Mint Revolution! We only need to be at 30 sat to overtake blackcoin marketcap. Actually, blackcoin never reached our peak marketcap which was over a $4 Million. A level we will reach again soon.


-Mint pays 20% interest to people who buy in now.
-People can turn other coins into mintcoin by mining at hashcows right now! https://hashco.ws/ (under account settings change to payout in mint)
-We will be added to a regulated, legitimate fiat exchange in April: http://www.coindesk.com/vault-of-satoshi-gets-full-money-services-license-canada/
-Android wallet in the works: https://drive.google.com/folderview?id=0BwpkXqmxmdGScm9lb21pTXhuS00&usp=sharing

Now is a great time to buy, and once again welcome aboard  Smiley
This is a great roundup of recent info for newcomers. Is there a resource other than this forum it could or should be posted on?
full member
Activity: 210
Merit: 100
I was just thinking of a bit of a stunt I'm willing to do.
Get myself a mint for life tattoo (on the shoulder) Cool if people are willing sponsor me i will do it.

A few photo's of the tattoo art will definitely make some people see that this community is crazy strong, they will buy in a.s.a.p. Grin

I could set up an escrow account for this with someone people trust.

I'll throw a million in, but you better film the whole thing..... ROFL Cheesy

I'll start on it right away. I'll make sure the escrow won't pay out until the video is released.
If there's a reliable dutch escrow that want's to do this and film himself to vouch for the authenticity of the movie that's cool with me to.


Great idea!!
If mintcoin reach 100 satoshi by next x-mas i will do one too !!  Grin
full member
Activity: 210
Merit: 100
Hello people,

Today i got into the world of minting. As an early invester in Bitcoin, i believe that this coin is a new great investment!
The low price and the great possibility to grow and expand to the same level as Blackcoin is very plausible in my opinion.

I think in a few weeks people wish they bought today!  Grin




Welcome to the Mint Revolution! We only need to be at 30 sat to overtake blackcoin marketcap. Actually, blackcoin never reached our peak marketcap which was over a $4 Million. A level we will reach again soon.


-Mint pays 20% interest to people who buy in now.
-People can turn other coins into mintcoin by mining at hashcows right now! https://hashco.ws/ (under account settings change to payout in mint)
-We will be added to a regulated, legitimate fiat exchange in April: http://www.coindesk.com/vault-of-satoshi-gets-full-money-services-license-canada/
-Android wallet in the works: https://drive.google.com/folderview?id=0BwpkXqmxmdGScm9lb21pTXhuS00&usp=sharing

Now is a great time to buy, and once again welcome aboard  Smiley

newbie
Activity: 11
Merit: 0
Guys and girls. I really hate to drop a bomb like this, but sooner or later it will get discussed anyway.
Have you seen block height? Currently we are going on the rate of 1.5 times the daily block count target. For example. Mintcoin with 30sec block target shoud generate 2880 blocks per 24hours. The real result for last 24 hours is about 1.5 times higher. And earlier days are similar.
What it means?
Since all PoW/PoS hybrid coins have interest targets calculated based on nHeight (block number), it means that we will hit the second year interest rate much sooner than 1 year since beginning.

Why this is happening?
Blockchain has more blocks because PoS blocks dont follow original PoW difficulty formula. First 20 days were OK ,because there was no PoS. Since day 20, average daily block rate count has steadily raised.

Remember. This is not only Mintcoin issue. Its an issue of all PoS hybrid coins. Its not harmful in any way, but it just moves all yearly targets a lot closer than written in OP.


Interesting. Can anyone work out a new time table?

Assuming he is correct that we are going at a 1.5 rate, then the 20% annual rate will be 8 months long instead of 12 months, which would mean we will be going to go to the 15% annual rate in approximately 6 months.

If this is even remotely correct, then the coin will be getting rarer faster, which should mean prices increase faster, as supply diminishes sooner. Does anyone know at what block # is the rate reduction supposed to be activated at? Does this also mean that the total coin cap will be less?

With 30 second blocks, one year is 1051898 blocks.  Faster blocks will also mean that POS rewards will be issued faster.  I'm curious if Blackcoin and Peercoin have the same issue.

Edit: The last 100 Blackcoin blocks took 102 minutes:

http://blocks.blackcoin.pw/chain/BlackCoin?count=100&hi=43268

That's pretty close to their 1 minute target.  The last 100 Mintcoin blocks took about 33 minutes:

http://mintcoin-explorer.info/chain/MintCoin?count=100&hi=181801

So, we currently have 20 second blocks rather than 30 second blocks.

full member
Activity: 182
Merit: 100
Assuming he is correct that we are going at a 1.5 rate, then the 20% annual rate will be 8 months long instead of 12 months, which would mean we will be going to go to the 15% annual rate in approximately 6 months.

If this is even remotely correct, then the coin will be getting rarer faster, which should mean prices increase faster, as supply diminishes sooner. Does anyone know at what block # is the rate reduction supposed to be activated at? Does this also mean that the total coin cap will be less?

No, if they are finding blocks faster it doesn't mean a lower total coin cap, it just means the cap (and milestones along the way, such as the interest rate dropping) may be reached faster.

I don't necessarily buy into this whole "oh but that's good news it will help prices" argument. It seems logical, but in reality I have just seen too many altcoins that continued to drop in value after significant events that decreased coin production, like reward halving, took place.
hero member
Activity: 613
Merit: 500
Mintcoin: Get some
Guys and girls. I really hate to drop a bomb like this, but sooner or later it will get discussed anyway.
Have you seen block height? Currently we are going on the rate of 1.5 times the daily block count target. For example. Mintcoin with 30sec block target shoud generate 2880 blocks per 24hours. The real result for last 24 hours is about 1.5 times higher. And earlier days are similar.
What it means?
Since all PoW/PoS hybrid coins have interest targets calculated based on nHeight (block number), it means that we will hit the second year interest rate much sooner than 1 year since beginning.

Why this is happening?
Blockchain has more blocks because PoS blocks dont follow original PoW difficulty formula. First 20 days were OK ,because there was no PoS. Since day 20, average daily block rate count has steadily raised.

Remember. This is not only Mintcoin issue. Its an issue of all PoS hybrid coins. Its not harmful in any way, but it just moves all yearly targets a lot closer than written in OP.


Interesting. Can anyone work out a new time table?
Assuming he is correct that we are going at a 1.5 rate, then the 20% annual rate will be 8 months long instead of 12 months, which would mean we will be going to go to the 15% annual rate in approximately 6 months.

If this is even remotely correct, then the coin will be getting rarer faster, which should mean prices increase faster, as supply diminishes sooner. Does anyone know at what block # is the rate reduction supposed to be activated at? Does this also mean that the total coin cap will be less?
member
Activity: 100
Merit: 10
It's time to pump up mint!

be patient. Rome was not built overnight.

The longer the wait to get something better
This is the eternal truth
full member
Activity: 224
Merit: 100
next week 16 floor.

ps. this multipool solution makes it interesting to keep price low. more profit on coin flipping. and guaranteed profits.
hero member
Activity: 868
Merit: 1000
when do you think mintcoin will go above 30 again? i hope soon.
full member
Activity: 156
Merit: 100
Guido
Loving the multipool, picked up another 21k by mining 8 hours, can't wait to see what I got the last 14 hours Smiley
whats kh/s? thanks!
member
Activity: 64
Merit: 10
Those questions have been answered over and over you guys are just to lazy to look for yourselves.

Thank you for your advice
I have a look
Look around
Thanks a million
full member
Activity: 210
Merit: 100
full member
Activity: 132
Merit: 100
Hello people,

Today i got into the world of minting. As an early invester in Bitcoin, i believe that this coin is a new great investment!
The low price and the great possibility to grow and expand to the same level as Blackcoin is very plausible in my opinion.

I think in a few weeks people wish they bought today!  Grin


full member
Activity: 210
Merit: 100

Interesting. Can anyone work out a new time table? How is coin age affected?

Coin age is affected in the same way (acclerated), since it is also based on chain height. So actual minting begins a bit before 20 days of age and coins reach full weight a bit faster than 40 days.


Sounds like people who want to take advantage of the full 20% PoS better let their coins age while they can.

I guess the OP should update the pay table to be correlated to block number rather than # of days\years.
sr. member
Activity: 364
Merit: 250

Interesting. Can anyone work out a new time table? How is coin age affected?

Coin age is affected in the same way (acclerated), since it is also based on chain height. So actual minting begins a bit before 20 days of age and coins reach full weight a bit faster than 40 days.


Sounds like people who want to take advantage of the full 20% PoS better let their coins age while they can.
sr. member
Activity: 325
Merit: 250
Coming soon:

A lobby website to boost merchant acceptance.

Here is the idea:

The community agrees on a list of websites/merchants that could potentially accept MintCoin as a payment.
For each merchant, there is meter that community makes growing as a purchase promise (no fake promise please), with a goal to achieve. Something like Kickstarter.
Once the goal is achieved, we contact the merchant, and say: look, we have 10M Mint to spend in your store if you accept MintCoin. So, do that!

Whatever happened to this idea promised from launch??

please give a status on the update ...

It's still being worked on. It's difficult to give an ETA though.
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