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Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 586. (Read 1369810 times)

mgburks77
sr. member
Activity: 364
Merit: 250
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 08:23:20 PM
#9009
Quote from: David Latapie on March 16, 2014, 07:53:38 PM
mgburks77, could you give me your calculations?

10000000 MINT X 0.2 = 2000000 MINT  and...

365 days in a year divided by 20 yields 18.25 minting periods so...

2000000 MINT / 18.25 minting periods = 109589.041 MINT per minting period, this will equal 20% annual return from 10M MINT.

Of course that doesn't account for compound interest. You could apply a compounding interest calculator to figure it though.
DougB62
hero member
Activity: 672
Merit: 500
Banned: For Your Protection
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 08:16:02 PM
#9008
Quote from: PCJargon on March 16, 2014, 08:07:10 PM
Well, I'm no longer getting stratum disconnects now that I changed the password. I'm still seeing that I don't get many Accepted when it's on a higher Diff coin, I still think it's putting my 5970 at 512 pool Diff because my 7990 is also pointed at the same wallet address.

Well, I guess I'd generate another address then. Statistics would say that you'd get the same percentage either way.
deadmanwalking
full member
Activity: 210
Merit: 100
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 08:09:31 PM
#9007
Quote from: David Latapie on March 16, 2014, 07:53:38 PM
mgburks77, could you give me your calculations?
MJ and I came up w same #

This is really my last post for the day  Cheesy

I'm not sure about your math. My math is more simplified and doesn't account for any compound interest. That being said here it is:

20% of 10 Mil is 2 Million

You are paid out every 20 days 365/20=18.25

2,000,000/18.25=109,589

109,589 is around the number you should receive.

It won't all come in at the same time. Leave your wallet open 24 hrs at least.

Also, I PM'd you bout project.
PCJargon
full member
Activity: 126
Merit: 100
Smashing rocks with my GPU
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 08:07:10 PM
#9006
Quote from: DougB62 on March 16, 2014, 08:01:37 PM
Quote from: PCJargon on March 16, 2014, 07:58:20 PM
Quote from: DougB62 on March 16, 2014, 07:50:06 PM
Quote from: PCJargon on March 16, 2014, 07:24:36 PM
The problem i'm seeing is that the difficulty is getting set for both cards at the same level, and it's making one card get barely any submissions. I'm also getting Stratum connection interrupted.

I would normally think that your assumption (diff level) would be correct, but it was reporting accurately for my three cards (one being ~30% faster than the other two), so I'm not sure how they have it set up - I'm actually pretty sure that the server sees all three connections, despite there being only one username. You could try setting up a different password for each instance, or, like was said earlier (probably was you), set up a different wallet address for each miner.

As far as the stratum interruption, I did see that a few times while I was running in there, but a very few. Not sure what might be causing this.
Ok cool, I think that having the same password was the problem.
Report back - this would be good to know.

Thanks!  Wink
Well, I'm no longer getting stratum disconnects now that I changed the password. I'm still seeing that I don't get many Accepted when it's on a higher Diff coin, I still think it's putting my 5970 at 512 pool Diff because my 7990 is also pointed at the same wallet address.
DougB62
hero member
Activity: 672
Merit: 500
Banned: For Your Protection
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 08:01:37 PM
#9005
Quote from: PCJargon on March 16, 2014, 07:58:20 PM
Quote from: DougB62 on March 16, 2014, 07:50:06 PM
Quote from: PCJargon on March 16, 2014, 07:24:36 PM
The problem i'm seeing is that the difficulty is getting set for both cards at the same level, and it's making one card get barely any submissions. I'm also getting Stratum connection interrupted.

I would normally think that your assumption (diff level) would be correct, but it was reporting accurately for my three cards (one being ~30% faster than the other two), so I'm not sure how they have it set up - I'm actually pretty sure that the server sees all three connections, despite there being only one username. You could try setting up a different password for each instance, or, like was said earlier (probably was you), set up a different wallet address for each miner.

As far as the stratum interruption, I did see that a few times while I was running in there, but a very few. Not sure what might be causing this.
Ok cool, I think that having the same password was the problem.
Report back - this would be good to know.

Thanks!  Wink
okaynow
hero member
Activity: 546
Merit: 500
PGP 9CB0902E
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 08:00:56 PM
#9004
Quote from: PCJargon on March 16, 2014, 07:38:35 PM
Before I moved mint out of my wallet for trading, i had about 4 different PoS blocks generated across a couple days because i mined my coins and they had entered my wallet over time rather than all at once.

I've set something like that up, with eight incoming transactions.
More for experimenting purposes though, but still, it will be interesting to watch this project evolve.
PCJargon
full member
Activity: 126
Merit: 100
Smashing rocks with my GPU
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:58:20 PM
#9003
Quote from: DougB62 on March 16, 2014, 07:50:06 PM
Quote from: PCJargon on March 16, 2014, 07:24:36 PM
The problem i'm seeing is that the difficulty is getting set for both cards at the same level, and it's making one card get barely any submissions. I'm also getting Stratum connection interrupted.

I would normally think that your assumption (diff level) would be correct, but it was reporting accurately for my three cards (one being ~30% faster than the other two), so I'm not sure how they have it set up - I'm actually pretty sure that the server sees all three connections, despite there being only one username. You could try setting up a different password for each instance, or, like was said earlier (probably was you), set up a different wallet address for each miner.

As far as the stratum interruption, I did see that a few times while I was running in there, but a very few. Not sure what might be causing this.
Ok cool, I think that having the same password was the problem.
David Latapie
hero member
Activity: 658
Merit: 503
Monero Core Team
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:53:38 PM
#9002
mgburks77, could you give me your calculations?
firstflyover
full member
Activity: 195
Merit: 250
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:52:52 PM
#9001
Quote from: David Latapie on March 16, 2014, 07:14:20 PM
Quote from: Degolep on March 16, 2014, 06:08:17 PM
just got my 1st minted coins, damn that looks sexy
I finally got some minted coins after 20 neverending days.
I received 77000 mintcoins from a 10 millions stack. Does it feel normal, particularly high or particularly low for you? Notice I did not receive anything else since then.

Can people donate their wallet minting coins to the mining buying effort??? Just a thought...
DougB62
hero member
Activity: 672
Merit: 500
Banned: For Your Protection
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:50:06 PM
#9000
Quote from: PCJargon on March 16, 2014, 07:24:36 PM
The problem i'm seeing is that the difficulty is getting set for both cards at the same level, and it's making one card get barely any submissions. I'm also getting Stratum connection interrupted.

I would normally think that your assumption (diff level) would be correct, but it was reporting accurately for my three cards (one being ~30% faster than the other two), so I'm not sure how they have it set up - I'm actually pretty sure that the server sees all three connections, despite there being only one username. You could try setting up a different password for each instance, or, like was said earlier (probably was you), set up a different wallet address for each miner.

As far as the stratum interruption, I did see that a few times while I was running in there, but a very few. Not sure what might be causing this.
mgburks77
sr. member
Activity: 364
Merit: 250
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:43:16 PM
#8999
you'll mint 25-50K more this period
mgburks77
sr. member
Activity: 364
Merit: 250
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:41:10 PM
#8998
Quote from: David Latapie on March 16, 2014, 07:27:42 PM
Quote from: niothor on March 16, 2014, 07:15:23 PM
Quote from: David Latapie on March 16, 2014, 07:14:20 PM
Quote from: Degolep on March 16, 2014, 06:08:17 PM
just got my 1st minted coins, damn that looks sexy
I finally got some minted coins after 20 neverending days.
I received 77000 mintcoins from a 10 millions stack. Does it feel normal, particularly high or particularly low for you? Notice I did not receive anything else since then.
How do free money feel like?
Disappointing.
I expected more.

Correct me if I'm wrong:
1. 20% first year, with payout every 20 days
2. 365 days in one year => every payout shall represent 18,25% or the 20% interest (18,25*20=365). That is, 0,0365% of my total
3. My total is 10 millions mints (I'm talking of 10 millions of 20 days old mints). Thus, 0,0365% of 10 millions is 365000.
4. I received 77251 mints. Less than a quarter of what I should have receive.

I hope my calculations are wrong; correct me it this is the case.

If you have a 10 mil stake then every 20 days you should mint about 109589 to be on track for a 20% dividend for the year.
mgburks77
sr. member
Activity: 364
Merit: 250
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:38:46 PM
#8997
Quote from: Din on March 16, 2014, 06:52:45 PM
Quote from: mgburks77 on March 16, 2014, 06:49:41 PM
Quote
probably some bagholder is autoselling minted coins.

more likely someone who mined 100s of millions of coins during the the PoW phase

Not very likely

Why would a "bagholder" sell his mint for less than they bought them for? If they aren't selling for less than they paid, then how are they a "bagholder" and not someone who has 100s of millions of mint from mining the during the PoW stage?

Explain your logic please.
PCJargon
full member
Activity: 126
Merit: 100
Smashing rocks with my GPU
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:38:35 PM
#8996
Before I moved mint out of my wallet for trading, i had about 4 different PoS blocks generated across a couple days because i mined my coins and they had entered my wallet over time rather than all at once.
futile-resistance
hero member
Activity: 840
Merit: 516
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:34:00 PM
#8995
Quote from: David Latapie on March 16, 2014, 07:27:42 PM
Quote from: niothor on March 16, 2014, 07:15:23 PM
Quote from: David Latapie on March 16, 2014, 07:14:20 PM
Quote from: Degolep on March 16, 2014, 06:08:17 PM
just got my 1st minted coins, damn that looks sexy
I finally got some minted coins after 20 neverending days.
I received 77000 mintcoins from a 10 millions stack. Does it feel normal, particularly high or particularly low for you? Notice I did not receive anything else since then.
How do free money feel like?
Disappointing.
I expected more.

Correct me if I'm wrong:
1. 20% first year, with payout every 20 days
2. 365 days in one year => every payout shall represent 18,25% or the 20% interest (18,25*20=365). That is, 0,0365% of my total
3. My total is 10 millions mints (I'm talking of 10 millions of 20 days old mints). Thus, 0,0365% of 10 millions is 365000.
4. I received 77251 mints. Less than a quarter of what I should have receive.

I hope my calculations are wrong; correct me it this is the case.

Yeah, that seems too low. Think any of it got moved in a change transaction?
PCJargon
full member
Activity: 126
Merit: 100
Smashing rocks with my GPU
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:32:54 PM
#8994
Quote from: David Latapie on March 16, 2014, 07:27:42 PM
Quote from: niothor on March 16, 2014, 07:15:23 PM
Quote from: David Latapie on March 16, 2014, 07:14:20 PM
Quote from: Degolep on March 16, 2014, 06:08:17 PM
just got my 1st minted coins, damn that looks sexy
I finally got some minted coins after 20 neverending days.
I received 77000 mintcoins from a 10 millions stack. Does it feel normal, particularly high or particularly low for you? Notice I did not receive anything else since then.
How do free money feel like?
Disappointing.
I expected more.

Correct me if I'm wrong:
1. 20% first year, with payout every 20 days
2. 365 days in one year => every payout shall represent 18,25% or the 20% interest (18,25*20=365). That is, 0,0365% of my total
3. My total is 10 millions mints (I'm talking of 10 millions of 20 days old mints). Thus, 0,0365% of 10 millions is 365000.
4. I received 77251 mints. Less than a quarter of what I should have receive.

I hope my calculations are wrong; correct me it this is the case.
Did you put all your mints into your wallet at the same time? If not, you should expect additional PoS mints over time.
mgburks77
sr. member
Activity: 364
Merit: 250
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:31:40 PM
#8993
Quote from: David Latapie on March 16, 2014, 06:52:04 PM
Quote from: stormia on March 16, 2014, 11:59:38 AM
Quote from: mgburks77 on March 16, 2014, 11:42:40 AM
try command setgenerate true -1 in the console

you can use variables 1,2,3,4, or -1 to assign processing power to generation, -1 is 100% cpu usage
Woah. I just did this and I instantly started to mint. I didn't think I was even up for minting yet because I moved coins on the 9th of march...
mgburks77, stormia, others: how will it impact your minting? You'll mint more often or for more mint? I my first 20 day period just ended (and I received mint), does it mean I will have to wait 20 more days to see a difference?

I just got my first minting yesterday, which was 20 days, so I'm not sure yet.
David Latapie
hero member
Activity: 658
Merit: 503
Monero Core Team
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:27:42 PM
#8992
Quote from: niothor on March 16, 2014, 07:15:23 PM
Quote from: David Latapie on March 16, 2014, 07:14:20 PM
Quote from: Degolep on March 16, 2014, 06:08:17 PM
just got my 1st minted coins, damn that looks sexy
I finally got some minted coins after 20 neverending days.
I received 77000 mintcoins from a 10 millions stack. Does it feel normal, particularly high or particularly low for you? Notice I did not receive anything else since then.
How do free money feel like?
Disappointing.
I expected more.

Correct me if I'm wrong:
1. 20% first year, with payout every 20 days
2. 365 days in one year => every payout shall represent 18,25% or the 20% interest (18,25*20=365). That is, 0,0365% of my total
3. My total is 10 millions mints (I'm talking of 10 millions of 20 days old mints). Thus, 0,0365% of 10 millions is 365000.
4. I received 77251 mints. Less than a quarter of what I should have receive.

I hope my calculations are wrong; correct me it this is the case.
PCJargon
full member
Activity: 126
Merit: 100
Smashing rocks with my GPU
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:24:36 PM
#8991
Quote from: DougB62 on March 16, 2014, 07:20:43 PM
Quote from: PCJargon on March 16, 2014, 06:55:31 PM
Quote from: deadmanwalking on March 16, 2014, 06:53:34 PM
Quote from: Din on March 16, 2014, 06:47:24 PM
Quote from: rmoraos on March 16, 2014, 06:40:34 PM
The mining mintcoin pool bought 456,444.175 mintcoins in the last transaction and shared them in 62 workers (about 18:05 EST). Not bad for 1 day of life.

http://mintcoin-explorer.info/tx/389aac6c32bbace25e6dcc572e122375313589025fb1eb81f8e8a9f7f8c04f25

 Grin

Very impressive indeed

It is impressive, but I think it also illustrates the need for more Miners. 456,444 Mintcoins only represents a .07 BUY which will not move a market. So if you are a Mint supporter and you have the equipment please start mining http://mintpool.us/mint/index.php

That's it for me today, I've been all over this thread recently Grin Keep Mint Alive!
I would  put another of my GPUs towards it if I knew that it would work with separate cards pointed with same wallet address, or if the pool had something implemented to allow for separate workers...
I'm using three instances with the same wallet address. No problems. I was in for just a short time today (had things to finish, and plan on putting them back before bed), and received a mint payout. Tracking shares and h/s looked accurate, and I do not doubt that there will be no issues doing it this way.
The problem i'm seeing is that the difficulty is getting set for both cards at the same level, and it's making one card get barely any submissions. I'm also getting Stratum connection interrupted.
DougB62
hero member
Activity: 672
Merit: 500
Banned: For Your Protection
Re: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]
March 16, 2014, 07:20:43 PM
#8990
Quote from: PCJargon on March 16, 2014, 06:55:31 PM
Quote from: deadmanwalking on March 16, 2014, 06:53:34 PM
Quote from: Din on March 16, 2014, 06:47:24 PM
Quote from: rmoraos on March 16, 2014, 06:40:34 PM
The mining mintcoin pool bought 456,444.175 mintcoins in the last transaction and shared them in 62 workers (about 18:05 EST). Not bad for 1 day of life.

http://mintcoin-explorer.info/tx/389aac6c32bbace25e6dcc572e122375313589025fb1eb81f8e8a9f7f8c04f25

 Grin

Very impressive indeed

It is impressive, but I think it also illustrates the need for more Miners. 456,444 Mintcoins only represents a .07 BUY which will not move a market. So if you are a Mint supporter and you have the equipment please start mining http://mintpool.us/mint/index.php

That's it for me today, I've been all over this thread recently Grin Keep Mint Alive!
I would  put another of my GPUs towards it if I knew that it would work with separate cards pointed with same wallet address, or if the pool had something implemented to allow for separate workers...
I'm using three instances with the same wallet address. No problems. I was in for just a short time today (had things to finish, and plan on putting them back before bed), and received a mint payout. Tracking shares and h/s looked accurate, and I do not doubt that there will be no issues doing it this way.
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