[ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 897.

yodoberman

member

Activity: 112

Merit: 10

Quote from: cotx on February 20, 2014, 12:10:02 PM

Good day!

I'm the Co-Founder of CoT-X Crypto-Currencies exchange platform.

We are a new startup based in Singapore. And we are looking to include 5 additional alt-coins to be tradable on the exchange at launch.

if you keen to see Mintcoin listed on the exchange, drop us a email today, and tell us why we should add Mintcoin!

My promise: If I'm to received 100 emails by Monday midnight EST, requesting for Mintcoin to be added, I will include Mintcoin in the initial launch. Cheesy

https://bitcointalksearch.org/topic/pre-annexchange-coins-online-trading-exchange-cot-x-472993
FB: https://www.facebook.com/cotexchange
Email: [email protected]

Cheers & Regards,
Daniel Chia

It will be your loss if you dont add Mintcoin, not ours

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

Quote from: ShibeonBarkmont on February 20, 2014, 12:15:22 PM

Alright Team you know what to do. I know I sent mine already. 99 to go

Lets get it on more exchanges and keep this crazy minty fresh train rolling!!!

Done on my end!

majorminers

full member

Activity: 168

Merit: 100

Quote from: Ferris419 on February 20, 2014, 12:25:12 PM

Quote from: ShibeonBarkmont on February 20, 2014, 12:15:22 PM

Quote from: cotx on February 20, 2014, 12:10:02 PM

Good day!

I'm the Co-Founder of CoT-X Crypto-Currencies exchange platform.

We are a new startup based in Singapore. And we are looking to include 5 additional alt-coins to be tradable on the exchange at launch.

if you keen to see Mintcoin listed on the exchange, drop us a email today, and tell us why we should add Mintcoin!

My promise: If I'm to received 100 emails by Monday midnight EST, requesting for Mintcoin to be added, I will include Mintcoin in the initial launch. Cheesy

https://bitcointalksearch.org/topic/pre-annexchange-coins-online-trading-exchange-cot-x-472993
FB: https://www.facebook.com/cotexchange
Email: [email protected]

Cheers & Regards,
Daniel Chia

Alright Team you know what to do. I know I sent mine already. 99 to go

Lets get it on more exchanges and keep this crazy minty fresh train rolling!!!

I sent mine!! :-)

I sent mine! Only 97 to go!

Chris180Z

full member

Activity: 238

Merit: 100

Well I can confirm that the dev has sent me (as part of the agreed bounty) 1.5 million for creating the website forum. I have also been promised roughly another 1.5m over the next few months under the stipulation that I stick around, regularly update the forums and provide regular and active support for the members over there.

I also agree with the transparency. Clearly the dev is fulfilling bounty agreements. Maybe he feels such transactions should be private unless the receiver feels like stating how much they were given for whatever it is that they did for the coin?

Ferris419

hero member

Activity: 1008

Merit: 501

Quote from: ShibeonBarkmont on February 20, 2014, 12:15:22 PM

Quote from: cotx on February 20, 2014, 12:10:02 PM

Good day!

I'm the Co-Founder of CoT-X Crypto-Currencies exchange platform.

We are a new startup based in Singapore. And we are looking to include 5 additional alt-coins to be tradable on the exchange at launch.

if you keen to see Mintcoin listed on the exchange, drop us a email today, and tell us why we should add Mintcoin!

My promise: If I'm to received 100 emails by Monday midnight EST, requesting for Mintcoin to be added, I will include Mintcoin in the initial launch. Cheesy

https://bitcointalksearch.org/topic/pre-annexchange-coins-online-trading-exchange-cot-x-472993
FB: https://www.facebook.com/cotexchange
Email: [email protected]

Cheers & Regards,
Daniel Chia

Alright Team you know what to do. I know I sent mine already. 99 to go

Lets get it on more exchanges and keep this crazy minty fresh train rolling!!!

I sent mine!! :-)

Zukii

full member

Activity: 131

Merit: 100

Quote from: furdur on February 20, 2014, 12:16:00 PM

Quote from: Kergekoin on February 20, 2014, 09:03:59 AM

OK, guys and girls. Lets calculate how many coins will be mined until PoW reward goes to 1.
Reward change target is one week. This is 2880 x 7 = 20160
First week.
500 000 x 20160 = 10.08B
second week
10.08/2 = 5.04B
3rd 2,52B. Actually its less than 2.52B from here, because PoS blocks start to appear in block chain from day 20.
4th less than 1,26B
5th less than 0.63B
OK. Lets compound. 10.08 + 5.04 + <2.52 + <1.26 + <0.63 = Less than 19,53B. Probably only around 18B is close to quess.
This is only 70B/18B * 100 = 25.7% of total coins. This means that almost 3/4 of total coins will be generated through PoS blocks.
Lets quess the estimates of PoS now.

Assuming that 18B will be generated through PoW. the PoS interests will be as follows:
18B *20% = 3.6B. Total coins of 21.6B after year 1.
21.6B *15% = 3.24B. Total coins of 24.84 after year 2.
24.84B*10% = 2.48B. Total coins of 27.32B after year 3.

OK. You see where this is going. This coin will not reach 70B coins any time soon.
If this coin gains popularity and gets some demand, then price of 200 + satoshis is very probable.
Please keep in mind that simple math done above is just rought estimates and not exact numbers.

Hopefully this post helped to generate point of view about this coin progress.

This implies that the premine is actually 19,4% after one year, which is obscene. This will undermine the coins chance to succeed. Let's all together put pressure on the dev to make public all the spent premine coins. Or even better: let him destroy the premine.

Please correct this wrong figure, it's no where near 20%. That would imply only 3.5 billion coins exist after 1 year which is false from what you quoted.

700,000,000 / 18,000,000,000 is not 0.194... it's 0.03888 ~ 3.89%
This means the premine is basically 3.89%. Admittedly this is still quite a lot higher than what a lot of people probably thought.

It's made worse by the fact that it will generate PoS too, meaning it will ALWAYS be 3.89% as long as the dev doesn't spend it or move it (to decrease coinage). If they don't move it / spend it, it'll likely increase (in %age terms) as other move their MINT around destroying coinage.

I do agree that the dev team should be more public about where the premine is being spent and used though

asdlolciterquit

hero member

Activity: 1666

Merit: 565

Quote from: paspi on February 20, 2014, 11:45:40 AM

Quote from: asdlolciterquit on February 20, 2014, 11:06:37 AM

Like i've red on the F.A.Q, PoS blocks will be generated after you hold some coins in your wallet for certain period of time: so, after 20days, i start to gain interests. So, maybe, after 30 days i'll have 1030 coins.
The 20% interests will be calculated after 30 days on 1030 coins, or on the initials 1000?

I think the 20 days maturity time plays the role there. If I'm interpreting it correctly, the first generated coin from initial 1000 coins will enter your wallet on the 21th day. After that single coin spends 20 more days in your wallet, it'll start generating coins on 41th day.

that's sound right to me!

thanks everybody for the quick answers!

just a question: how many coin(s) will enter in my wallet of 1000coins after 20 days? only 1? i think more...

furdur

newbie

Activity: 10

Merit: 0

Quote from: Kergekoin on February 20, 2014, 09:03:59 AM

OK, guys and girls. Lets calculate how many coins will be mined until PoW reward goes to 1.
Reward change target is one week. This is 2880 x 7 = 20160
First week.
500 000 x 20160 = 10.08B
second week
10.08/2 = 5.04B
3rd 2,52B. Actually its less than 2.52B from here, because PoS blocks start to appear in block chain from day 20.
4th less than 1,26B
5th less than 0.63B
OK. Lets compound. 10.08 + 5.04 + <2.52 + <1.26 + <0.63 = Less than 19,53B. Probably only around 18B is close to quess.
This is only 70B/18B * 100 = 25.7% of total coins. This means that almost 3/4 of total coins will be generated through PoS blocks.
Lets quess the estimates of PoS now.

Assuming that 18B will be generated through PoW. the PoS interests will be as follows:
18B *20% = 3.6B. Total coins of 21.6B after year 1.
21.6B *15% = 3.24B. Total coins of 24.84 after year 2.
24.84B*10% = 2.48B. Total coins of 27.32B after year 3.

OK. You see where this is going. This coin will not reach 70B coins any time soon.
If this coin gains popularity and gets some demand, then price of 200 + satoshis is very probable.
Please keep in mind that simple math done above is just rought estimates and not exact numbers.

Hopefully this post helped to generate point of view about this coin progress.

This implies that the ~~premine is actually 19,4%~~ after one year, which is obscene. This will undermine the coins chance to succeed. Let's all together put pressure on the dev to make public all the spent premine coins. Or even better: let him destroy the premine.

EDIT: I made a mistake. As pointed out below it is actually 3.89%, which still is quiet high.

ShibeonBarkmont

member

Activity: 100

Merit: 10

Quote from: cotx on February 20, 2014, 12:10:02 PM

Good day!

I'm the Co-Founder of CoT-X Crypto-Currencies exchange platform.

We are a new startup based in Singapore. And we are looking to include 5 additional alt-coins to be tradable on the exchange at launch.

if you keen to see Mintcoin listed on the exchange, drop us a email today, and tell us why we should add Mintcoin!

My promise: If I'm to received 100 emails by Monday midnight EST, requesting for Mintcoin to be added, I will include Mintcoin in the initial launch. Cheesy

https://bitcointalksearch.org/topic/pre-annexchange-coins-online-trading-exchange-cot-x-472993
FB: https://www.facebook.com/cotexchange
Email: [email protected]

Cheers & Regards,
Daniel Chia

Alright Team you know what to do. I know I sent mine already. 99 to go

Lets get it on more exchanges and keep this crazy minty fresh train rolling!!!

cotx

newbie

Activity: 6

Merit: 0

Good day!

I'm the Co-Founder of CoT-X Crypto-Currencies exchange platform.

We are a new startup based in Singapore. And we are looking to include 5 additional alt-coins to be tradable on the exchange at launch.

if you keen to see Mintcoin listed on the exchange, drop us a email today, and tell us why we should add Mintcoin!

My promise: If I'm to received 100 emails by Monday midnight EST, requesting for Mintcoin to be added, I will include Mintcoin in the initial launch. Cheesy

https://bitcointalksearch.org/topic/pre-annexchange-coins-online-trading-exchange-cot-x-472993
FB: https://www.facebook.com/cotexchange
Email: [email protected]

Cheers & Regards,
Daniel Chia

jany8293

newbie

Activity: 56

Merit: 0

Quote from: Kergekoin on February 20, 2014, 09:03:59 AM

OK, guys and girls. Lets calculate how many coins will be mined until PoW reward goes to 1.
Reward change target is one week. This is 2880 x 7 = 20160
First week.
500 000 x 20160 = 10.08B
second week
10.08/2 = 5.04B
3rd 2,52B. Actually its less than 2.52B from here, because PoS blocks start to appear in block chain from day 20.
4th less than 1,26B
5th less than 0.63B
OK. Lets compound. 10.08 + 5.04 + <2.52 + <1.26 + <0.63 = Less than 19,53B. Probably only around 18B is close to quess.
This is only 70B/18B * 100 = 25.7% of total coins. This means that almost 3/4 of total coins will be generated through PoS blocks.
Lets quess the estimates of PoS now.

Assuming that 18B will be generated through PoW. the PoS interests will be as follows:
18B *20% = 3.6B. Total coins of 21.6B after year 1.
21.6B *15% = 3.24B. Total coins of 24.84 after year 2.
24.84B*10% = 2.48B. Total coins of 27.32B after year 3.

OK. You see where this is going. This coin will not reach 70B coins any time soon.
If this coin gains popularity and gets some demand, then price of 200 + satoshis is very probable.
Please keep in mind that simple math done above is just rought estimates and not exact numbers.

Hopefully this post helped to generate point of view about this coin progress.

In case you want to thank me.
MrXW1RKLDe8VMNwTwLwSiKuATN5M74EL85 Cheesy

Great Work!

publicjud

legendary

Activity: 1120

Merit: 1003

twet.ch/inv/62d7ae96

We need a Q/A on the PoS concept. Maybe with diagrams?

jany8293

newbie

Activity: 56

Merit: 0

Quote from: Jeezy911 on February 20, 2014, 03:40:31 AM

Crap what do I mine Flappy or mint? they are both awesome.

Definitely MintCoin! NO DOUBT!

majorminers

full member

Activity: 168

Merit: 100

NOW is the time to Mine MINT http://mint.majorminers.com/

Don't delay. Don't put it off because you're working on some new, shiny coin farm.

Mine MINT while you still have a chance.

publicjud

legendary

Activity: 1120

Merit: 1003

twet.ch/inv/62d7ae96

Quote from: Jeezy911 on February 20, 2014, 11:10:45 AM

You know the best thing about mintcoin is its really hard to dump mined coins when you cant mine Cool

Soon! Mining will be done soon!

paspi

full member

Activity: 185

Merit: 100

Quote from: asdlolciterquit on February 20, 2014, 11:06:37 AM

Like i've red on the F.A.Q, PoS blocks will be generated after you hold some coins in your wallet for certain period of time: so, after 20days, i start to gain interests. So, maybe, after 30 days i'll have 1030 coins.
The 20% interests will be calculated after 30 days on 1030 coins, or on the initials 1000?

I think the 20 days maturity time plays the role there. If I'm interpreting it correctly, the first generated coin from initial 1000 coins will enter your wallet on the 21th day. After that single coin spends 20 more days in your wallet, it'll start generating coins on 41th day.

dille71

full member

Activity: 210

Merit: 100

Quote from: asdlolciterquit on February 20, 2014, 11:06:37 AM

Quote from: lumeire on February 20, 2014, 09:35:00 AM

Quote from: asdlolciterquit on February 20, 2014, 09:32:01 AM

Hi!

i'm really interested in this coin. I hope i'm in time to start to mine. If i start tomorrow, how much coins i'll mine for day with 600kh/s? how much is the diff? with my hashrate can i mine in solo?

Thanks averyone!

Start now, rewards are due to half by tomorrow I think?

Difficulty at 20+.

thanks everyone for the reply!

sadly i can't start now because i'm not at home :v

Just a question about PoS. If, for example, i have 1000coins and we are in the first year (20% interests), this means that after 365 days i'm going to have 1000*1,2coins=1200?
I don't have understand on which coins the interests are calculated. Like i've red on the F.A.Q, PoS blocks will be generated after you hold some coins in your wallet for certain period of time: so, after 20days, i start to gain interests. So, maybe, after 30 days i'll have 1030 coins.
The 20% interests will be calculated after 30 days on 1030 coins, or on the initials 1000?

Thanks!

I'm sorry for my english, if you can't understand what i write let me know

interests are calculated on all coins held for at least 20 days

thejepper

full member

Activity: 182

Merit: 100

Quote from: Jeezy911 on February 20, 2014, 11:10:45 AM

You know the best thing about mintcoin is its really hard to dump mined coins when you cant mine Cool

hahah, plus people are more incited to keep coins due to compounding interest

Jeezy911

sr. member

Activity: 294

Merit: 250

You know the best thing about mintcoin is its really hard to dump mined coins when you cant mine Cool

asdlolciterquit

hero member

Activity: 1666

Merit: 565

Quote from: lumeire on February 20, 2014, 09:35:00 AM

Quote from: asdlolciterquit on February 20, 2014, 09:32:01 AM

Hi!

i'm really interested in this coin. I hope i'm in time to start to mine. If i start tomorrow, how much coins i'll mine for day with 600kh/s? how much is the diff? with my hashrate can i mine in solo?

Thanks averyone!

Start now, rewards are due to half by tomorrow I think?

Difficulty at 20+.

thanks everyone for the reply!

sadly i can't start now because i'm not at home :v

Just a question about PoS. If, for example, i have 1000coins and we are in the first year (20% interests), this means that after 365 days i'm going to have 1000*1,2coins=1200?
I don't have understand on which coins the interests are calculated. Like i've red on the F.A.Q, PoS blocks will be generated after you hold some coins in your wallet for certain period of time: so, after 20days, i start to gain interests. So, maybe, after 30 days i'll have 1030 coins.
The 20% interests will be calculated after 30 days on 1030 coins, or on the initials 1000?

Thanks!

I'm sorry for my english, if you can't understand what i write let me know

Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 897. (Read 1369778 times)