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Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 501. (Read 1369778 times)

sr. member
Activity: 434
Merit: 250
had a 20000 satoshi wet dream tonight  Grin

That would be nice.
full member
Activity: 224
Merit: 100
I just bought a R9 290 that i will dedicate to this once i recieve it Smiley
I have a nettop (Mintbox 2). No way I cestroy my nettop for poor performance mining.

Is it possible to plug a graphic card as an external device, much like we do for external hard drive?

Thanks

you need to buy the latest scrypt asics
member
Activity: 100
Merit: 10
I will be pointing 3.3 mh/s to hashcows later today....

We need strength in numbers Smiley

Alty a solid member and supporter of this great community. It is you and others like you that are helping this to get where it is going. Also I agree with you the more miners we get on there. The better. You Minters know what to do Smiley
hero member
Activity: 658
Merit: 503
Monero Core Team
I just bought a R9 290 that i will dedicate to this once i recieve it Smiley
I have a nettop (Mintbox 2). No way I cestroy my nettop for poor performance mining.

Is it possible to plug a graphic card as an external device, much like we do for external hard drive?

Thanks
full member
Activity: 185
Merit: 100

Someone else mentioned this bug last week, and I've been chasing it since.
I might have found a bug
...removed...
Yippieh, so I did find a bug. Is there a bug finding bounty?

Well, actually I had already completed the fix and submitted it to devs when I read your message. The bug was reported on Mar 17th, and I started tracking it on 18th. About bounties, I really don't know, I'm just a supporter Smiley when I notice a bug that I can fix, I try to fix it and send a patch to devs

To be fair, this was the message that led me to investigate the bug:


Is this a Mintcoin specific bug - or do you want to tell all the other PoS coins, too?
Probably other PoS coins suffer from closely-related bugs but not exactly the same. The whole altcoin scene is forks from each other, and each fork starts developing/patching itself independently and drifting away from each other. So well, when the patch enters github, PoS altcoin devs can check the diff and apply it to their own codebase if they're affected.

With the latest Cryptorush / BC issue, I learned that PoS coins are known to have problems with "getbalance accountname" calls, and those calls should not be trusted on exchanges/services, although BC did not have this issue until their wallet update / blockchain fork. I don't know about the other coins actually, with so many forks out there, it's very hard to keep track of who fixes what. I just get irritated when I notice a bug in the wallet, and try to fix what I have in front of me.


Quote
How much code do mintcoin and blackcoin actually share?

Might this "wrong balance" bug be connected to the wrong balances at cryptorush?

It is probably same bug that caused cryptorush's problems, but they did not have it on previous versions as I read on IRC logs. I don't know why. Codebases drift from each other.

Wallet's total balance, shown in UI and also in "getbalance" call without parameters is always correct (MINT and BC and other coins). But wallet contains an accounting facility (giving account names to receiving addresses), and then it can report each account balance individually. It can send funds from a specific account or move funds between accounts in the same wallet. As long as the totals sum up to wallet's balance, an account might have negative balance and another account positive balance. The problem was related with that accounting facility -- cryptorush trusted that accounts would work, and used a single wallet's accounting features instead of a database, when in fact the system didn't work properly (in their case after the update/fork). The total wallet balance was always correct, but when individual accounts within the wallet is queried, they didn't sum up (or have the funds moved between each other).

In MINT case, the total wallet balance was and is always correct, but when individual accounts are queried, totals don't sum up if minting is involved. Now to the point; although the patch makes the "getbalance accountname", "getbalance *", "listaccounts" commands consistent with each other and total wallet balance ("getbalance") ; if you're planning on starting a financial service, don't trust wallet's account balances features but only the total balance of the wallet. This holds for all coins (maybe except for bitcoin as it has enough development power and always leads the fixes/updates/features). When I was trying to fix the bug, I saw that per-account functionality is implemented a little crappy (at least in the coin MINT forked from, which in turn forked from another coin, which in turn forked from another coin, .., which in turn forked (and added PoS features) from an older version of bitcoin). "getbalance" by itself can be trusted. "getbalance xxx" or others should be used informationally (or with testing throughly first), those are not production-quality code.
full member
Activity: 210
Merit: 100
I will be pointing 3.3 mh/s to hashcows later today....

We need strength in numbers Smiley
I just bought a R9 290 that i will dedicate to this once i recieve it Smiley
sr. member
Activity: 336
Merit: 250
had a 20000 satoshi wet dream tonight  Grin
sr. member
Activity: 294
Merit: 250
A new pool for MintCoin is available!
-> Come on to http://mnt.coins4everyone.com!

Pre-registration now open
Absolute 0 fee (including Auto & Manual payments).

Benefits of Mining @ coins4everyone.com:
* based in Europe
* 100% uptime so far
* dedicated servers w/redundancy, DDoS protection
* 0% fee
* pplns
* nice & caring support
* trustworthy & skilled admins

Come on, let's spread hash power! ;-)

How long has this pool been up, and how often are payouts?
hero member
Activity: 714
Merit: 500
RISE Project Manager
I will be pointing 3.3 mh/s to hashcows later today....

We need strength in numbers Smiley
sr. member
Activity: 294
Merit: 250
Oh im sorry I didnt realize hashcows already started the project, we really need to hype the hashrate on this pool. Im guessing the payouts are grim but it is far and away the best thing you can do to help pump the price. Point your miners to the pool.
sr. member
Activity: 294
Merit: 250
Anyone working on a multipool for this? To me this is the best candidate right now since POW has already ended. If we wait around too long some other coin may take the number 2 spot behind BC for multipooling, do you guys want to let that happen?
hero member
Activity: 658
Merit: 503
Monero Core Team
Some people have suggested that the 20% interest rate for the first year is too high.  It sounds like a lot, but not all of that will be realized.
Even easier demonstration: investing in just-dice.com will give you that much interest rate. Investing in doge-dice.com wille give you even more (but this will come with the risk of losing money because of falling dogecoin price).

Of course, if you expect mintcoin to get a continous rise, this is different story.
sr. member
Activity: 686
Merit: 252
www.cd3d.app
I think MINT has passed it's critical phase and now the dumpers and the sell walls are thinning out.

Looking very encouraging for the longer term. Smiley

we need more technical backing like multipools, and of course mostly important are environment conservation projects.
hero member
Activity: 714
Merit: 500
RISE Project Manager
I think MINT has passed it's critical phase and now the dumpers and the sell walls are thinning out.

Looking very encouraging for the longer term. Smiley
sr. member
Activity: 686
Merit: 252
www.cd3d.app
It's time to pump up mint!

be patient. Rome was not built overnight.
sr. member
Activity: 322
Merit: 250
It's time to pump up mint!
full member
Activity: 210
Merit: 100
[Suspicious link removed]

Just sign up and you can change it under account settings ...

Got some mint coins overnight and the QT client says "from: Unknown". Looking at the txid I found the address MZkUwunMh81DaYkArRwahYoaGrBSANdTDH. I this Hashcows'?
Yes it seems like it is since i got some from that address too Smiley
hero member
Activity: 574
Merit: 500
[Suspicious link removed]

Just sign up and you can change it under account settings ...

Got some mint coins overnight and the QT client says "from: Unknown". Looking at the txid I found the address MZkUwunMh81DaYkArRwahYoaGrBSANdTDH. I this Hashcows'?
newbie
Activity: 11
Merit: 0
Some people have suggested that the 20% interest rate for the first year is too high.  It sounds like a lot, but not all of that will be realized.  I will attempt to estimate an upper limit for the inflation percentage and compare it to Bitcoin and Litecoin.

First of all, mining ended before the 20 billion coin mark (I suspect this was due to POS blocks eating up potential POW blocks).  The last POW block was somewhere around #100800, and there were only 18.6 billion coins at that time.  Therefore, the number of coins available for the 20% POS reward is less than expected.  

Secondly, not all of those 18.6 billion coins will produce new POS coins.  Transactions destroy coin days, and the percentage of coin days destroyed in each block is currently around 60%:
http://mintcoin-explorer.info/block/a562045650e17ae6b1a3029ce93b1483bc116427fcaf7495fb62696165918bde
Of course, some of this could be people transferring coins the day after they receive a POS reward (I also don't know if this number includes coin days destroyed by minting).  Let's suppose that the relevant coin day destruction is closer to 20% (remember I'm looking for an upper limit on coin supply).  In other words I'm estimating that fewer than 80% of coins stored in wallets will be staked for a whole year rather than spent or transferred.

Thirdly, some of those initial 18.6 billion coins are stored on exchanges.  From earlier investigations in this forum (thanks rmoraos), it looks like the exchanges are not collecting POS rewards on the coins that they hold.  I checked earlier today, and there were a total of 1 billion Mintcoins for sale on the order books at Mintpal and Cryptsy.  That means that at most 17.6 billion of the initial POW coins are stored in wallets.

My upper limit for the number of coins collecting compound interest since the end of POW is 14 billion (80% of the 17.6 billion coins stored in wallets).  20% interest on 14 billion coins compounded every 20 days for a year works out to about 3.1 billion new coins.  Therefore, there will be fewer than 21.7 billion Mintcoins in existence by March 9, 2015.  With the decreasing interest rate, it will take a while to reach 70 billion coins.

Summary:
Increase in the number of coins over the next year:
Mintcoin: 16.6% (at most)
Bitcoin:   10.4% (12,560,000 coins, 1,312,500 mined in a year)
Litecoin:  39.1% (26,890,000 coins, 10,518,980 mined in a year)

agree, but
18.6 billion in 5 weeks  - 3.72 billion in one week - price 10 satoshi
20% of 18.6 billion in 52 weeks(first year) - 18.6*20%/52 weeks = 0.071 billion in one week - price 3.72/0.071*10 satoshi = 520 satoshi
so, true price 520 satoshi  Grin Grin Grin

Ha ha Smiley  If the price was 520 satoshi I would still not be rich Smiley  Of course the future price will depend on the demand as well as the supply.  My point is that if a person just glances over the announcement post, they might overestimate the amount of coins that will exist a year from now.  After all, 20 billion coins at 20% compound interest would make the total number of Mintcoins 24.4 billion a year from now.  That's a 12% larger supply than my upper limit estimate.
full member
Activity: 210
Merit: 100
So blackcoin bug of getbalance caused a million lost coins? Doesnt mint also have this
bug people were saying? Exchanges maybe lost coins?

My understanding is it had to do with the hard fork. Mint has had no such issues as far as I know.

http://www.blackcoin.co/wallet-2/official-statement-regarding-blockchain-problems-23rd-of-march/
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