Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 885. (Read 1369778 times)
February 21, 2014, 08:24:14 AM
Price still rising like crazy, buy now don't get behind!
February 21, 2014, 08:09:00 AM
Ok,
What I dont understand yet is the 20% thing.
Imagine someone having ALL the mined coins. If he/she gets 20%, where does this 20% come from? I.e.: if there are 10 coins in total. 20% makes it 12 coins. Where do the 2 coins come from?
What I dont understand yet is the 20% thing.
Imagine someone having ALL the mined coins. If he/she gets 20%, where does this 20% come from? I.e.: if there are 10 coins in total. 20% makes it 12 coins. Where do the 2 coins come from?
PoW and PoS are two different approaches to achieve the same result; generate new coins.
February 21, 2014, 08:04:44 AM
Hi everyone!
i'm trying to do some math about PoS system.
guess that i have 1000 coins. Like we said in the posts before, after 20days i'll start to get some interests.
I still don't know how many coins i'm going to get after the first 20days, so i think: 20% of interests of 1000coins is 200 coins. 20days/365days is more or less 5,48%...so 200*5,48%=10,96mintcoins.
so:
0-20days-->1000
20-40days-->1010,96
Can anyone confirm it?
i'm trying to do some math about PoS system.
guess that i have 1000 coins. Like we said in the posts before, after 20days i'll start to get some interests.
I still don't know how many coins i'm going to get after the first 20days, so i think: 20% of interests of 1000coins is 200 coins. 20days/365days is more or less 5,48%...so 200*5,48%=10,96mintcoins.
so:
0-20days-->1000
20-40days-->1010,96
Can anyone confirm it?
Pretty much correct.
Once PoS block is confirmed, your new coins move in to your wallet balance and start aging just like your earlier coins. after 20 days they will start generating interest too.
So if interest rate is 20% per year and payout period is 20 days, then this makes effective yearly interest a little bit more than 20%. Exact mathematical formula can be found here:
http://en.wikipedia.org/wiki/Effective_interest_rate
February 21, 2014, 08:04:30 AM
February 21, 2014, 08:03:04 AM
in 1 week
February 21, 2014, 08:02:37 AM
so when is the next halving exactly?
February 21, 2014, 08:00:47 AM
+114% on mintpal 
February 21, 2014, 07:57:00 AM
Ok,
What I dont understand yet is the 20% thing.
Imagine someone having ALL the mined coins. If he/she gets 20%, where does this 20% come from? I.e.: if there are 10 coins in total. 20% makes it 12 coins. Where do the 2 coins come from?
What I dont understand yet is the 20% thing.
Imagine someone having ALL the mined coins. If he/she gets 20%, where does this 20% come from? I.e.: if there are 10 coins in total. 20% makes it 12 coins. Where do the 2 coins come from?
Coins are generated in the blockchain. Exactly like its generated in PoW right now. Only difference is that PoS blocks have different difficulty algorithm and only aged coins are able to search the PoS blocks.
PoS coins are generated by your computer processor and it takes very little effort from CPU to calculate them. As a result it is tens of times more energy efficent than PoW algo.
February 21, 2014, 07:49:52 AM
Ok,
What I dont understand yet is the 20% thing.
Imagine someone having ALL the mined coins. If he/she gets 20%, where does this 20% come from? I.e.: if there are 10 coins in total. 20% makes it 12 coins. Where do the 2 coins come from?
What I dont understand yet is the 20% thing.
Imagine someone having ALL the mined coins. If he/she gets 20%, where does this 20% come from? I.e.: if there are 10 coins in total. 20% makes it 12 coins. Where do the 2 coins come from?
February 21, 2014, 07:35:33 AM
Volume at MintPal - 225.744 BTC - Very nice, keep up the good work
February 21, 2014, 07:34:16 AM
Hi everyone!
i'm trying to do some math about PoS system.
guess that i have 1000 coins. Like we said in the posts before, after 20days i'll start to get some interests.
I still don't know how many coins i'm going to get after the first 20days, so i think: 20% of interests of 1000coins is 200 coins. 20days/365days is more or less 5,48%...so 200*5,48%=10,96mintcoins.
so:
0-20days-->1000
20-40days-->1010,96
at the 40days, the interests will be calculated on 1010,96coins, if i've understood right.
If i keep like that, i have:
1 1000
20 1010,96 (this period goes between 20 and 40 days..)
40 1022,040122 (this period goes between 40 and 60 days and so on..)
60 1033,241681
80 1044,56601
100 1056,014454
120 1067,588372
140 1079,289141
160 1091,11815
180 1103,076805
200 1115,166526
220 1127,388751
240 1139,744932
260 1152,236537
280 1164,865049
300 1177,63197
320 1190,538816
340 1203,587122
360 1216,778437
Can anyone confirm it?
i'm trying to do some math about PoS system.
guess that i have 1000 coins. Like we said in the posts before, after 20days i'll start to get some interests.
I still don't know how many coins i'm going to get after the first 20days, so i think: 20% of interests of 1000coins is 200 coins. 20days/365days is more or less 5,48%...so 200*5,48%=10,96mintcoins.
so:
0-20days-->1000
20-40days-->1010,96
at the 40days, the interests will be calculated on 1010,96coins, if i've understood right.
If i keep like that, i have:
1 1000
20 1010,96 (this period goes between 20 and 40 days..)
40 1022,040122 (this period goes between 40 and 60 days and so on..)
60 1033,241681
80 1044,56601
100 1056,014454
120 1067,588372
140 1079,289141
160 1091,11815
180 1103,076805
200 1115,166526
220 1127,388751
240 1139,744932
260 1152,236537
280 1164,865049
300 1177,63197
320 1190,538816
340 1203,587122
360 1216,778437
Can anyone confirm it?
i think that the system is that you get 20% of your wallets coin every 20-40 days
1000
1200
1440
1728
...
...
or not?
(i hope i have done the calc correct)
February 21, 2014, 07:27:21 AM
Hi everyone!
i'm trying to do some math about PoS system.
guess that i have 1000 coins. Like we said in the posts before, after 20days i'll start to get some interests.
I still don't know how many coins i'm going to get after the first 20days, so i think: 20% of interests of 1000coins is 200 coins. 20days/365days is more or less 5,48%...so 200*5,48%=10,96mintcoins.
so:
0-20days-->1000
20-40days-->1010,96
at the 40days, the interests will be calculated on 1010,96coins, if i've understood right.
If i keep like that, i have:
1 1000
20 1010,96 (this period goes between 20 and 40 days..)
40 1022,040122 (this period goes between 40 and 60 days and so on..)
60 1033,241681
80 1044,56601
100 1056,014454
120 1067,588372
140 1079,289141
160 1091,11815
180 1103,076805
200 1115,166526
220 1127,388751
240 1139,744932
260 1152,236537
280 1164,865049
300 1177,63197
320 1190,538816
340 1203,587122
360 1216,778437
Can anyone confirm it?
i'm trying to do some math about PoS system.
guess that i have 1000 coins. Like we said in the posts before, after 20days i'll start to get some interests.
I still don't know how many coins i'm going to get after the first 20days, so i think: 20% of interests of 1000coins is 200 coins. 20days/365days is more or less 5,48%...so 200*5,48%=10,96mintcoins.
so:
0-20days-->1000
20-40days-->1010,96
at the 40days, the interests will be calculated on 1010,96coins, if i've understood right.
If i keep like that, i have:
1 1000
20 1010,96 (this period goes between 20 and 40 days..)
40 1022,040122 (this period goes between 40 and 60 days and so on..)
60 1033,241681
80 1044,56601
100 1056,014454
120 1067,588372
140 1079,289141
160 1091,11815
180 1103,076805
200 1115,166526
220 1127,388751
240 1139,744932
260 1152,236537
280 1164,865049
300 1177,63197
320 1190,538816
340 1203,587122
360 1216,778437
Can anyone confirm it?
February 21, 2014, 07:27:11 AM
having trouble to sync my wallet since an hour. somebody got the same problem? is there a fork or something? got 12 connections and everything but sync stops 3k blocks too early and stays there... help 
Restart your wallet.
February 21, 2014, 07:24:50 AM
having trouble to sync my wallet since an hour. somebody got the same problem? is there a fork or something? got 12 connections and everything but sync stops 3k blocks too early and stays there... help
February 21, 2014, 07:23:50 AM
Mint can get at 100-200 satoshi but only after mining is over and all goes well with the coin.
This week I think it will hover @ around 12-16 satoshi.
This week I think it will hover @ around 12-16 satoshi.
February 21, 2014, 07:15:22 AM
群名称是Mintcoin薄荷币人气QQ群 146850773 欢迎持有薄荷币全世界一起交流。。。100+聪是有望。。。
February 21, 2014, 07:05:56 AM
I honestly think Mintcoin will be @ EAC prices pretty soon like next week? 
when both prices proceed with this speed, it will be Sunday.
With buy walls of 23BTC, I think that date is not too far off!
Well, although I hope you're right, all of you relying on 23btc buy wall, but usually it's just whales tactics.
Sorry to say. Let's see over time.
February 21, 2014, 06:16:01 AM
A simple thought experiment.... What might happen to the price from here?
Current price you can get is 4 satoshi, with block reward halving each week for 5 weeks, you can double the price each week for it to keep up with cost of mining.
So....
Week 0 - 4 sat
Week 1 - 8 sat
Week 2 - 16 sat
Week 3 - 32 sat
Week 4 - 64 sat
Week 5 - 128 sat
If price stays in line with cost to acquire, then 128 satoshi after 5 weeks would not be unreasonable. So if this is wrong and it is only 40 satoshi in 5 weeks - so what? thats 1000% profit from here! Time is limited!
Of course maybe only get half this. But still a great return from here!
Good luck!
Current price you can get is 4 satoshi, with block reward halving each week for 5 weeks, you can double the price each week for it to keep up with cost of mining.
So....
Week 0 - 4 sat
Week 1 - 8 sat
Week 2 - 16 sat
Week 3 - 32 sat
Week 4 - 64 sat
Week 5 - 128 sat
If price stays in line with cost to acquire, then 128 satoshi after 5 weeks would not be unreasonable. So if this is wrong and it is only 40 satoshi in 5 weeks - so what? thats 1000% profit from here! Time is limited!
Of course maybe only get half this. But still a great return from here!
Good luck!
I am delighted with the progress Mint has made over the last few weeks, all not so far from my predictions. I'm holding all of my Mintcoin and would not be surprised to see a quick move to +100 satoshi from here. For all those who held - well done!
February 21, 2014, 06:12:34 AM
Do you suggest to buy at this point?
This is only the beginning, we will have atleast other 3 rewards halving
oh, well, I got 0.5BTC from Murray I mined in about 4 minutes at start so I'm gonna jump in with few mil haha.
Also, maybe mining, hmmm... Will see.
February 21, 2014, 06:11:03 AM
Do you suggest to buy at this point?
This is only the beginning, we will have atleast other 3 rewards halving
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