For people who want to know what a multi-pool looks like you can visit: http://www.coinex.pw
The Mint multi-pool doesn't have the slick user interface, but it works the same.
Edit- More specific: http://www.coinex.pw/mining/pools/SwitchPool-sha256
Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 599. (Read 1369778 times)
March 15, 2014, 05:49:25 PM
March 15, 2014, 05:46:51 PM
Very cool concept! 
March 15, 2014, 05:43:30 PM
Yeah I'm a little confused why or how the multipool will bring the price up?
Your mined coins get exchanged for Bitcoins. The operator uses the Bitcoins to buy Mintcoins on your behalf, then gives them to you. This increase buy pressure/demand, thereby pushing the price upwards. Very cool concept.
That's what I thought. Ok makes sense. But what happens when it's not profitable to multipool for mint? The price drops again?
It's always profitable because you're multipooling other coins in order to get Mint. If you don't want Mint you wouldn't use the pool.
March 15, 2014, 05:42:44 PM
Yeah I'm a little confused why or how the multipool will bring the price up?
Your mined coins get exchanged for Bitcoins. The operator uses the Bitcoins to buy Mintcoins on your behalf, then gives them to you. This increase buy pressure/demand, thereby pushing the price upwards. Very cool concept.
That's what I thought. Ok makes sense. But what happens when it's not profitable to multipool for mint? The price drops again?
The multipool will switch automatically. This means if the multipool has your rig mining Litecoin and based on the mining difficulty and LTC/BTC exchange rate shows it's the most profitable, you will continue to mine Litecoin. Say for instance, Dogecoin prices keep rising like crazy because there is a lot of hype on Reddit, then the multipool will switch your miners to mine Dogecoin. It will automatically pick the most profitable coin to mine, profitable against Bitcoin. The mined coins will be exchanged for Bitcoins, then the Bitcoins are used to buy Mintcoin. There should always be an altcoin that is most profitable to mine, so that won't be an issue. It's now just a matter of people wanting to be paid out in Mintcoin which will keep the demand up. We need to get more people wanting to use a Mintcoin multipool versus some other altcoin multipool.
March 15, 2014, 05:32:23 PM
Yeah I'm a little confused why or how the multipool will bring the price up?
Your mined coins get exchanged for Bitcoins. The operator uses the Bitcoins to buy Mintcoins on your behalf, then gives them to you. This increase buy pressure/demand, thereby pushing the price upwards. Very cool concept.
That's what I thought. Ok makes sense. But what happens when it's not profitable to multipool for mint? The price drops again?
March 15, 2014, 05:31:46 PM
March 15, 2014, 05:31:38 PM
Yeah I'm a little confused why or how the multipool will bring the price up?
Since MINT is essentially a pure PoS stage going forward, the multi-pools will need to purchase large quantities of MINT in the open market to pay out miners. The increased buy volume should increase the price, though I would say with MINT's much higher total supply maybe not as concentrated an effect as with BC. March 15, 2014, 05:30:21 PM
Yeah I'm a little confused why or how the multipool will bring the price up?
Your mined coins get exchanged for Bitcoins. The operator uses the Bitcoins to buy Mintcoins on your behalf, then gives them to you. This increase buy pressure/demand, thereby pushing the price upwards. Very cool concept.
March 15, 2014, 05:29:45 PM
Yeah I'm a little confused why or how the multipool will bring the price up?
You automatically mine the most profitable coin there is to mine -> its automatically converted btc which is then used to buy mint at market value -> when all of the offered mint is bought up then the pool automatically buys at the next available price.
Buy pressure.
March 15, 2014, 05:28:29 PM
which coin mine in multipool now ?:S doge or lite ?:S
March 15, 2014, 05:28:22 PM
http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X
March 15, 2014, 05:26:55 PM
Yeah I'm a little confused why or how the multipool will bring the price up?
March 15, 2014, 05:25:38 PM
http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X
Hahahaha this is interesting I'm gonna have to switch my rig over when I get home from work!!
block reward is 1,mine for what ?
You explain things so much better than me
whats controlling what the multipool auto buys at? is it just what the latest sell prices are? If so the entire multipool could be manipulated by whales. If the multipool buys on average prices then whales making the price drop in the markets effects could be minimal on auto buy prices for the multipool.
March 15, 2014, 05:24:15 PM
faaak my chance and my choice i could sell @ 45 satoshi and buy back for 15 now GRATUITOUS minting lost my time and now not recieved anything
i could sell @ 45 satoshi and buy back for 15 now GRATUITOUS minting lost my time and now not recieved anything Don't worry, it's about to blow
March 15, 2014, 05:21:42 PM
http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X
Hahahaha this is interesting I'm gonna have to switch my rig over when I get home from work!!
block reward is 1,mine for what ?
You explain things so much better than me
March 15, 2014, 05:21:15 PM
http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X
Hahahaha this is interesting I'm gonna have to switch my rig over when I get home from work!!
block reward is 1,mine for what ?
It mines the most profitable coin and exchanges it for mintcoin, and then sends it to you. You're not directly mining mintcoin.
+1
wow great,i ll try it
March 15, 2014, 05:20:33 PM
http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X
Hahahaha this is interesting I'm gonna have to switch my rig over when I get home from work!!
block reward is 1,mine for what ?
This is a profit switching pool, it will mine the most profitable alt coin, sell them and payout miners in Mint.
March 15, 2014, 05:20:25 PM
http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X
Hahahaha this is interesting I'm gonna have to switch my rig over when I get home from work!!
block reward is 1,mine for what ?
March 15, 2014, 05:20:21 PM
http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X
Hahahaha this is interesting I'm gonna have to switch my rig over when I get home from work!!
block reward is 1,mine for what ?
It mines the most profitable coin and exchanges it for mintcoin, and then sends it to you. You're not directly mining mintcoin.
March 15, 2014, 05:17:54 PM
http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X
Hahahaha this is interesting I'm gonna have to switch my rig over when I get home from work!!
block reward is 1,mine for what ?
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