Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 503. (Read 1369810 times)

Drakoin, so I posted a smartass reply to your post- I've deleted it, sorry about that. Good on you for finding a bug. We get a lot of trolls in this forum, and I made a false assumption about you.

I myself can be considered a troll at times, because I do have a bad attitude at times. Sorry, it's ingrained in me. I actually don't support other coins myself, I'm not interested in them. I feel mint is superior and that's all I got to say about that 

I am not on the mintcoin team, just a supporter\holder.

As per the announcement, payouts happen once daily, ~03:30 UTC (~1hr from this post).

Happy Mining.

 

Thanks for the bug report Drakoin!

Please re read.

You are throwing aggression at me, and I don't deserve it.


1) I cited almost the full answer to my original post, shortened only what was irrelevant for my answer. Please compare now.

2) I noticed that answer to my post because paspi PMed me, AND cited my post. It's impossible to read all the noise in this forum. So if someone else answered, too, then I am sorry; please point me to his post - then I can see what I "omitted".

3) I still don't know what you mean by "which you conveniently omit". WHAT have I omitted?

4) "Not sure what your agenda is" - easy: I am trying to help. After I had discovered, and documented a real bug. Re-read my postings please. And if you are related to Mint, then I suggest, you thank me for my bug report.

5) "Our blockchain is fine." I believe you, and I never doubted that.  RE-READ my posting. I congratulated paspi to having fixed the problem. All is cool with MINT. Where do I attack your block chain?

6) Where is my FUD ?  Cryptorush has just had some ~100BTC stolen issues, due to their supposedly wrong handling of a supposedly wrong 'getbalance' answer. Nothing to do with MINT. Please follow the links, get an update.

7) IF mint and other PoS coins DO share source code (which I still don't know yet) ... and paspi might have actually done an important fix not only for mint, but also for other coins - why would YOU want to keep that improvement for yourself, instead of sharing it with other coins? What is your agenda in not sharing open source code? Do you think of MINT being an enemy of BC, or what?

8 ) Thanks for telling me GTFO, but I will decide myself where I linger :-)

9) The clown ... is not me.

10) Perhaps you had a very bad day? You have serious anger issues, which are narrowing your outlook onto the world; I suggest to make more breaks, go into nature!  


TL;DR:
I had found a bug in the mint client. It was found and got fixed.
Then I saw similiar topics popping up in two different PoS coins;
both had issues with getbalance. Related or not, I don't know.
Mint has just solved it - perhaps that could help other coins, too?

This is great. I went ahead and voted for mintcoin as well, even though they already said it will be added can't hurt!

just did a test run on depositing 100,000 mint and it went thur with ease.



will deposit more tomorrow

Well I was just informed that Mintcoin will soon be added to the coins that can be tipped through the Facebook Multicoin Tipping App. This means that very soon you will be able to share Mintcoins with friends and family via Facebook tipping. Here's a link to their page.

https://www.facebook.com/groups/MultiCoinTipping/permalink/705360899527599/

done!!!


took 6 hours but it's done.   


1.6 looks alot better than my old 1.3



go MINT!!

Yes.  That's what I'm on (Mavericks) and I've had the wallet open for days.  Still nothing.

This coin isn't really meant to be directly mined any longer. Coins are generated by and the network is primarily secured by Proof-of-Stake. At this point you either have to buy in (get in while the price is still low!) or mine at a mint multipool which will mine the most profitable altcoin and automatically sell them and pay you out in mintcoin.

Burning off the slash etc... on the Sonoma property - not so eco-friendly either. It's actually a major problem globally. Costs a lot more to chip and/or turn slash into compost material but much more eco-friendly.

Just saying...

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)

I understand me and my best friend share the same birthday. I'm glad you're having a good one.

It sure does look cool, but just how eco friendly do you think NASCAR is? There is just something about NASCAR that screams not very environmentally friendly...

5 hours down now


149000 blocks downloaded


24000+ to go


almost done.

i cant wait till i put my 1350 mintcoin in my new wallet

dang, payout of 1 coin per block totally sucks. Who wants to mine this coin at this point, unless the exchange takes off again?

Has anyone had a pyout from Hashco.ws yet?

Thanks moderdezigns. Fun this is, we were two friends to be born on 25th of March at the restaurant. Funny situation when we congratulate each other

Happy Birthday David