Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 173. (Read 169030 times)
what happens if the miner doesn’t have enough computing power to verify a transaction?
Greetings!
To start mining, you just needs to download a program from the GoldMint repository, launch it on your device, fine-tune it and start mining.
Consensus algorithm : We use PoS as our primary mining system. In case a user who holds many MNT doesn’t have enough computational power, he can rent
computational power from other miners.
Miner rotation
The amount of stakes depends on the amount of MNT a miner holds. So, if a miner owns 50% MNT, he will be chosen to process every second block.
Miner rewards
A miner receives a GOLD commission from each processed block. When the block is processed, no tokens are emitted.
Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Unlike proof-of-work (PoW) based cryptocurrencies (such as bitcoin), where the algorithm rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks (i.e. mining), in PoS-based cryptocurrencies the creator of the next block is chosen in a deterministic (pseudo-random) way, and the chance that an account is chosen depends on its wealth (i.e. the stake). In PoS cryptocurrencies the blocks are usually said to be forged (in the blacksmith sense of this word), or minted, rather than mined. Also, usually all the coins are created in the beginning and the total number of coins never changes afterwards (although there are some other versions of PoS where new coins can be created). Therefore, in the basic version of PoS there are no block rewards (e.g. as in bitcoin); so, the forgers take only the transaction fees
According to the amount of MNTs the miner has.
With regards,
team GOLDMINT
What about GOLD/MNT mining?
To start mining, you just needs to download a program from the GoldMint repository, launch it on your device, fine-tune it and start mining.
Consensus algorithm : We use PoS as our primary mining system. In case a user who holds many MNT doesn’t have enough computational power, he can rent
computational power from other miners.
Miner rotation
The amount of stakes depends on the amount of MNT a miner holds. So, if a miner owns 50% MNT, he will be chosen to process every second block.
Miner rewards
A miner receives a GOLD commission from each processed block. When the block is processed, no tokens are emitted.
Describe PoS and why you chose it? Thank you
Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Unlike proof-of-work (PoW) based cryptocurrencies (such as bitcoin), where the algorithm rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks (i.e. mining), in PoS-based cryptocurrencies the creator of the next block is chosen in a deterministic (pseudo-random) way, and the chance that an account is chosen depends on its wealth (i.e. the stake). In PoS cryptocurrencies the blocks are usually said to be forged (in the blacksmith sense of this word), or minted, rather than mined. Also, usually all the coins are created in the beginning and the total number of coins never changes afterwards (although there are some other versions of PoS where new coins can be created). Therefore, in the basic version of PoS there are no block rewards (e.g. as in bitcoin); so, the forgers take only the transaction fees
how are the rewards for mining determined?
According to the amount of MNTs the miner has.
With regards,
team GOLDMINT
Im seriously bloody impressed!
Its just beyond my mental capacity to understand
Its just beyond my mental capacity to understand
how are the rewards for mining determined?
Describe PoS and why you chose it? Thank you
What about GOLD/MNT mining?
Greetings!
Citizens, residents (tax or otherwise) and green card holder of the United States of America
or Singapore, or other U.S. or Singapore person are exempt from buying MNT tokens. The
term “U.S. or Singapore Person” refers to anyone who lives in the United States or
Singapore or to any entity that is incorporated under United States or Singapore law.
American citizens living abroad can also be considered “U.S. Persons” under certain
conditions.
Release of MNT tokens are done by Ethereum-based smart contracts, specially used for distribution of tokens.
80% of 10 000 000 MNT are released during ICO launch.
GoldMint team receives two million MNT tokens, and no more than 500 000 per quarter distributed via a special wallet.
Some consultants receive MNT tokens two months after ICO launch.
Smart contracts can automatically trade ETH into MNT.
The number of tokens to be transmitted to a particular user depends on the sum at the time of its receipt by GoldMint.
GoldMint’s blockchain, using the Graphene platform will be launched.
Advantages of such a choice compared to using an Ethereum private fork are as follows:
1. Safer - GoldMint blockchain uses its own coins rather than turing-complete smart contracts.
2. More productive - GoldMint uses PoS, is optimized for GOLD transactions as there are no other ICOs on the same platform.
3. Cheaper - no charge for ether commissions.
4. The Graphene blockchain supports PoS.
With regards,
team GOLDMINT
Can US/Singapore citizens participate in the ICO?
Citizens, residents (tax or otherwise) and green card holder of the United States of America
or Singapore, or other U.S. or Singapore person are exempt from buying MNT tokens. The
term “U.S. or Singapore Person” refers to anyone who lives in the United States or
Singapore or to any entity that is incorporated under United States or Singapore law.
American citizens living abroad can also be considered “U.S. Persons” under certain
conditions.
How will be distributed tokens during ICO event?
Release of MNT tokens are done by Ethereum-based smart contracts, specially used for distribution of tokens.
80% of 10 000 000 MNT are released during ICO launch.
GoldMint team receives two million MNT tokens, and no more than 500 000 per quarter distributed via a special wallet.
Some consultants receive MNT tokens two months after ICO launch.
Smart contracts can automatically trade ETH into MNT.
The number of tokens to be transmitted to a particular user depends on the sum at the time of its receipt by GoldMint.
Why don't you use ETH blockchain?
GoldMint’s blockchain, using the Graphene platform will be launched.
Advantages of such a choice compared to using an Ethereum private fork are as follows:
1. Safer - GoldMint blockchain uses its own coins rather than turing-complete smart contracts.
2. More productive - GoldMint uses PoS, is optimized for GOLD transactions as there are no other ICOs on the same platform.
3. Cheaper - no charge for ether commissions.
4. The Graphene blockchain supports PoS.
With regards,
team GOLDMINT
A chance to be; Strange alt of the week
Why don't you use ETH blockchain?
How will be distributed tokens during ICO event?
Can US/Singapore citizens participate in the ICO?
Greetings!
When physical gold is withdrawn from Custody Bot, the corresponding number of GOLD assets are destroyed.
Spectrometer = $5,000-6,000 Scales = $200-300 Internal manipulator = $2,000-5,000 Built-in PC, touch screen, keyboard = $1,000-1,500 Armored box = $2,000-7,000 Installation, adjustment and commissioning = $500-1,500 Total: $10,700 - 21,300
Our pre-ICO was private. We had only 300,000 tokens each presented to 27 person and 3 venture funds only.
You still can join our upcoming ICO.
You will be able to buy our tokens using your ETH or BTC.
Minimum investment can be 1 MNTP token and $7 equally.
We'll open a prior registration at goldmint.io in 2-3 days.
You'll be able to register and get access to addresses you'll use to send transfers.
With regards,
team GOLDMINT
what happens when physical gold is withdrawn from custody bot?
When physical gold is withdrawn from Custody Bot, the corresponding number of GOLD assets are destroyed.
what are the costs of custody bot development?
Spectrometer = $5,000-6,000 Scales = $200-300 Internal manipulator = $2,000-5,000 Built-in PC, touch screen, keyboard = $1,000-1,500 Armored box = $2,000-7,000 Installation, adjustment and commissioning = $500-1,500 Total: $10,700 - 21,300
When was the pre-ICO? I haven't heard anything about it.
Our pre-ICO was private. We had only 300,000 tokens each presented to 27 person and 3 venture funds only.
You still can join our upcoming ICO.
You will be able to buy our tokens using your ETH or BTC.
Minimum investment can be 1 MNTP token and $7 equally.
We'll open a prior registration at goldmint.io in 2-3 days.
You'll be able to register and get access to addresses you'll use to send transfers.
With regards,
team GOLDMINT
nice work
When was the pre-ICO? I haven't heard anything about it.
what are the costs of custody bot development?
what happens when physical gold is withdrawn from custody bot?
Greetings!
GOLD
Cryptoasset. Cost and buyback are 100% based on LBMA It's application depends on the agreement described by GoldMint company. It's value depends on amount of gold in reserves/ circulation
MNT
GoldMint’s cryptocurrency is used to confirm GOLD cryptoasset transactions. Amount of MNT determines amount of GOLD transactions. Growth of MNT depends on turnover of GOLD.
You may be able to receive a cryptocurrency or fiat loan from GoldMint PTE LTD, using GOLD as collateral. All applicants will need to undergo the KYC procedure.
All members who have GOLD receive GoldMint Partner banks credit cards, aligned with VISA and MasterCard systems. To that end, GoldMint plans to create a special bank card called “ Bogatstvo ” for prominent pawnshops like “ Blago ” and ” Fianit “.
Process:
GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint infrastructure element.
The rate of the loan is established at the time of giving and remains fixed through the loan period.Applicants needs to consent to GoldMint loan terms to receive the loan.
Applicant is given various options for repaying loan amount and for mode of repayment.
If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.
Credit card limits are set according to the value of the user’s GOLD.These cards can be used for payment in shops, restaurants and cafes. Interest is accrued to unpaid credit debt. If this remains unpaid, GOLD reverts to GoldMint.
GoldMint’s blockchain, using the Graphene platform will be launched.
Advantages of such a choice compared to using an Ethereum private fork are as follows:
1. Safer - GoldMint blockchain uses its own coins rather than turing-complete smart contracts.
2. More productive - GoldMint uses PoS, is optimized for GOLD transactions as there are no other ICOs on the same platform.
3. Cheaper - no charge for ether commissions.
4. The Graphene blockchain supports PoS.
With regards,
team GOLDMINT
What difference between MNT and GOLD?
GOLD
Cryptoasset. Cost and buyback are 100% based on LBMA It's application depends on the agreement described by GoldMint company. It's value depends on amount of gold in reserves/ circulation
MNT
GoldMint’s cryptocurrency is used to confirm GOLD cryptoasset transactions. Amount of MNT determines amount of GOLD transactions. Growth of MNT depends on turnover of GOLD.
Can i recieve cryptocurrency or fiat loan from Goldmint?
You may be able to receive a cryptocurrency or fiat loan from GoldMint PTE LTD, using GOLD as collateral. All applicants will need to undergo the KYC procedure.
All members who have GOLD receive GoldMint Partner banks credit cards, aligned with VISA and MasterCard systems. To that end, GoldMint plans to create a special bank card called “ Bogatstvo ” for prominent pawnshops like “ Blago ” and ” Fianit “.
Process:
GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint infrastructure element.
The rate of the loan is established at the time of giving and remains fixed through the loan period.Applicants needs to consent to GoldMint loan terms to receive the loan.
Applicant is given various options for repaying loan amount and for mode of repayment.
If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.
Credit card limits are set according to the value of the user’s GOLD.These cards can be used for payment in shops, restaurants and cafes. Interest is accrued to unpaid credit debt. If this remains unpaid, GOLD reverts to GoldMint.
Why don't you use ETH blockchain?
GoldMint’s blockchain, using the Graphene platform will be launched.
Advantages of such a choice compared to using an Ethereum private fork are as follows:
1. Safer - GoldMint blockchain uses its own coins rather than turing-complete smart contracts.
2. More productive - GoldMint uses PoS, is optimized for GOLD transactions as there are no other ICOs on the same platform.
3. Cheaper - no charge for ether commissions.
4. The Graphene blockchain supports PoS.
With regards,
team GOLDMINT
Why don't you use ETH blockchain?
Can i recieve cryptocurrency or fiat loan from Goldmint?
What difference between MNT and GOLD?
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