Minexcoin - A new era of payments - page 308.

Fabriz

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Quote from: MineCoin.org on April 25, 2018, 09:38:34 AM

Quote from: Fabriz on April 25, 2018, 09:28:13 AM

so the algorithm was totally wrong if you manually drop the interests ?

Where do you see information about the algo being wrong? It reflects market situation. Please read the blog post carefully: https://medium.com/minecoin-blog/mnx-market-behaviour-update-6a1e32014233

the algorithm said yesterday 13% interest monthly, tomorrow 5 ? Seems something wrong

Jedgar

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Activity: 219

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Quote from: Fabriz on April 25, 2018, 09:28:13 AM

so the algorithm was totally wrong if you manually drop the interests ?

This is not AI and can be adjusted manually, it's as simple as that. After adjusting is done algo will take up the reins of parking. If it will come to that, just make sure you choose the best parking option.

MineCoin.org

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minexcoin.com

Quote from: Fabriz on April 25, 2018, 09:28:13 AM

so the algorithm was totally wrong if you manually drop the interests ?

Where do you see information about the algo being wrong? It reflects market situation. Please read the blog post carefully: https://medium.com/minecoin-blog/mnx-market-behaviour-update-6a1e32014233

TeMHuK

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Activity: 728

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Quote from: Fabriz on April 25, 2018, 09:28:13 AM

Quote from: MineCoin.org on April 25, 2018, 08:19:30 AM

Quote from: minexpuntcoin on April 25, 2018, 08:07:39 AM

So let me get this straight:
The algorithm, that is supposed to autonomously choose interest rates to affect the buying and selling of MNX works, and the CEO just came out and says: "we are MANUALLY changing the rates to these numbers as of May 16th"
And where in the algorithm is the arithmetic for that??? And I am dense??? If they are manually choosing the interest rate numbers, where is the use of the algorithm at all???

Dear Professional Troll,

If you checked the blog posts about results of Algo testing you would know that it does work autonomously and suggests the rate change. Financial analysts only approve it if they see it as being appropriate for current market situation.

We are not changing the rates manually, blog post says about parking rates to be reduced to the base rate of 70% per annum according to MinexBank Memorandum.

so the algorithm was totally wrong if you manually drop the interests ?

That was not wrong. It is necessary step to prevent too high liquidity and let price to grow. Too many parking percents was dropped to the market. That was painful, but very good decision.

Fabriz

member

Activity: 392

Merit: 10

Quote from: MineCoin.org on April 25, 2018, 08:19:30 AM

Quote from: minexpuntcoin on April 25, 2018, 08:07:39 AM

So let me get this straight:
The algorithm, that is supposed to autonomously choose interest rates to affect the buying and selling of MNX works, and the CEO just came out and says: "we are MANUALLY changing the rates to these numbers as of May 16th"
And where in the algorithm is the arithmetic for that??? And I am dense??? If they are manually choosing the interest rate numbers, where is the use of the algorithm at all???

Dear Professional Troll,

If you checked the blog posts about results of Algo testing you would know that it does work autonomously and suggests the rate change. Financial analysts only approve it if they see it as being appropriate for current market situation.

We are not changing the rates manually, blog post says about parking rates to be reduced to the base rate of 70% per annum according to MinexBank Memorandum.

so the algorithm was totally wrong if you manually drop the interests ?

Dirtpaw

jr. member

Activity: 192

Merit: 5

Quote from: MineCoin.org on April 25, 2018, 07:30:14 AM

Quote from: Dirtpaw on April 25, 2018, 06:46:25 AM

Algorithm still works you dense human being.

Thank you for your support and understanding

would you please still avoid using offensive wording?

Sorry. Trolls bring the worst out of me.

sweatyfrominvesting

newbie

Activity: 12

Merit: 0

Quote from: minexpuntcoin on April 25, 2018, 08:07:39 AM

So let me get this straight:

The algorithm, that is supposed to autonomously choose interest rates to affect the buying and selling of MNX works, and the CEO just came out and says: "we are MANUALLY changing the rates to these numbers as of May 16th"

And where in the algorithm is the arithmetic for that??? And I am dense??? If they are manually choosing the interest rate numbers, where is the use of the algorithm at all???

You seem to have not even been paying attention for the past 6 months, punty. The Minexbank has always been autonomous and has had people check over the Bank's decision before applying the new rates, this is how they tune it and find bugs to make the Bank's decisions better in-line with the yearly goal and market situation. Algorithms don't build themselves you fool, that's why there's a team of programmers.

The sole reason there Bank's algorithm is closed source is because no one would benefit from it if it was open source, all it does is create parking contracts and allocate a small portion of the bank reserve for clients. If you got your hands on it all you could do is put your own assets up for grabs from people who opt in.

Think before you post punty.

MineCoin.org

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Activity: 924

Merit: 299

minexcoin.com

Quote from: minexpuntcoin on April 25, 2018, 08:07:39 AM

So let me get this straight:
The algorithm, that is supposed to autonomously choose interest rates to affect the buying and selling of MNX works, and the CEO just came out and says: "we are MANUALLY changing the rates to these numbers as of May 16th"
And where in the algorithm is the arithmetic for that??? And I am dense??? If they are manually choosing the interest rate numbers, where is the use of the algorithm at all???

Dear Professional Troll,

If you checked the blog posts about results of Algo testing you would know that it does work autonomously and suggests the rate change. Financial analysts only approve it if they see it as being appropriate for current market situation.

We are not changing the rates manually, blog post says about parking rates to be reduced to the base rate of 70% per annum according to MinexBank Memorandum.

minexpuntcoin

jr. member

Activity: 193

Merit: 2

Quote from: Dirtpaw on April 25, 2018, 06:46:25 AM

Quote from: minexpuntcoin on April 25, 2018, 06:39:30 AM

Quote from: sweatyfrominvesting on April 24, 2018, 10:50:30 PM

Hey long time lurker here. I invested in this project back in early November, within the first week of its release into the market.
There have been ups and downs but Minexcoin has always held it's value during rough times because of the strong community.
As for the reserve issue you talked about the rates have been marked as to when they will be changed and will be tuned to fit the projected goals of this coin within the next 16 days.
The goal is 70% annually but that doesn't mean rates can't change based on current supply and demand.
If it was a scam do you really think the developers would have given out their personal information on their website? That's like digging your own grave if it is a scam. I have high confidence in the ability of the Minexcoin developers to deliver on their set goals.

Also...
>Yea, deep down, we always knew it was a scam
Puntcoin I'm tired of listening to you with your praise and then complete 180° hateful posts, pick a side already.

The math is right there, without any intervention, the MNX bank is unsustainable

In the whitepaper, it talks about this amazing algorithm and how the MNX coin is based on it. Now, after 6 months, Boris writes a statement saying, ah, screw that, we are going to do something completely different, forget about what we said in the whitepaper.

6 months from now, who knows how they will completely uproot the project then.

Maybe not a Scam, maybe the project just doesn't work, or maybe the team you all have so much faith in isn't as competent as you all think, either way, from this point forward, its a safe assumption that MNX will not grow, but only fade away.

Less interest, No decent exchanges on the horizon( "just be patient" is clearly "its not going to happen"), no real marketing, 10,000 total users which probably just turned into 6000 after this announcement, and a bunch of dooshes like yourself following this coin, its destined for failure, but aye aye captain, someone's got to hold bags while the ship sinks, buy it up!

Algorithm still works you dense human being.

So let me get this straight:

The algorithm, that is supposed to autonomously choose interest rates to affect the buying and selling of MNX works, and the CEO just came out and says: "we are MANUALLY changing the rates to these numbers as of May 16th"

And where in the algorithm is the arithmetic for that??? And I am dense??? If they are manually choosing the interest rate numbers, where is the use of the algorithm at all???

MineCoin.org

sr. member

Activity: 924

Merit: 299

minexcoin.com

Quote from: Dirtpaw on April 25, 2018, 06:46:25 AM

Algorithm still works you dense human being.

Thank you for your support and understanding

would you please still avoid using offensive wording?

Dirtpaw

jr. member

Activity: 192

Merit: 5

Quote from: minexpuntcoin on April 25, 2018, 06:39:30 AM

Quote from: sweatyfrominvesting on April 24, 2018, 10:50:30 PM

Hey long time lurker here. I invested in this project back in early November, within the first week of its release into the market.
There have been ups and downs but Minexcoin has always held it's value during rough times because of the strong community.
As for the reserve issue you talked about the rates have been marked as to when they will be changed and will be tuned to fit the projected goals of this coin within the next 16 days.
The goal is 70% annually but that doesn't mean rates can't change based on current supply and demand.
If it was a scam do you really think the developers would have given out their personal information on their website? That's like digging your own grave if it is a scam. I have high confidence in the ability of the Minexcoin developers to deliver on their set goals.

Also...
>Yea, deep down, we always knew it was a scam
Puntcoin I'm tired of listening to you with your praise and then complete 180° hateful posts, pick a side already.

The math is right there, without any intervention, the MNX bank is unsustainable

In the whitepaper, it talks about this amazing algorithm and how the MNX coin is based on it. Now, after 6 months, Boris writes a statement saying, ah, screw that, we are going to do something completely different, forget about what we said in the whitepaper.

6 months from now, who knows how they will completely uproot the project then.

Maybe not a Scam, maybe the project just doesn't work, or maybe the team you all have so much faith in isn't as competent as you all think, either way, from this point forward, its a safe assumption that MNX will not grow, but only fade away.

Less interest, No decent exchanges on the horizon( "just be patient" is clearly "its not going to happen"), no real marketing, 10,000 total users which probably just turned into 6000 after this announcement, and a bunch of dooshes like yourself following this coin, its destined for failure, but aye aye captain, someone's got to hold bags while the ship sinks, buy it up!

Algorithm still works you dense human being.

minexpuntcoin

jr. member

Activity: 193

Merit: 2

Quote from: sweatyfrominvesting on April 24, 2018, 10:50:30 PM

Hey long time lurker here. I invested in this project back in early November, within the first week of its release into the market.
There have been ups and downs but Minexcoin has always held it's value during rough times because of the strong community.
As for the reserve issue you talked about the rates have been marked as to when they will be changed and will be tuned to fit the projected goals of this coin within the next 16 days.
The goal is 70% annually but that doesn't mean rates can't change based on current supply and demand.
If it was a scam do you really think the developers would have given out their personal information on their website? That's like digging your own grave if it is a scam. I have high confidence in the ability of the Minexcoin developers to deliver on their set goals.

Also...
>Yea, deep down, we always knew it was a scam
Puntcoin I'm tired of listening to you with your praise and then complete 180° hateful posts, pick a side already.

The math is right there, without any intervention, the MNX bank is unsustainable

In the whitepaper, it talks about this amazing algorithm and how the MNX coin is based on it. Now, after 6 months, Boris writes a statement saying, ah, screw that, we are going to do something completely different, forget about what we said in the whitepaper.

6 months from now, who knows how they will completely uproot the project then.

Maybe not a Scam, maybe the project just doesn't work, or maybe the team you all have so much faith in isn't as competent as you all think, either way, from this point forward, its a safe assumption that MNX will not grow, but only fade away.

Less interest, No decent exchanges on the horizon( "just be patient" is clearly "its not going to happen"), no real marketing, 10,000 total users which probably just turned into 6000 after this announcement, and a bunch of dooshes like yourself following this coin, its destined for failure, but aye aye captain, someone's got to hold bags while the ship sinks, buy it up!

MineCoin.org

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Activity: 924

Merit: 299

minexcoin.com

Dear Community,
MinexBank interest rates have been changed

Galabau24

full member

Activity: 420

Merit: 100

Quote from: Hammonds on April 25, 2018, 06:02:42 AM

Quote from: Galabau24 on April 25, 2018, 05:18:20 AM

the longer parking means the coins are tied longer, there is more time for new users to get coins on the market, so there is a better chance for a higher coin price in my opinion

I think we can only speak of good volume if we are over 1M. But yeah due to the few exchanges volume is limited. I hope this will change in the future to make MNX a more liquid asset.

correct

Fabriz

member

Activity: 392

Merit: 10

But not was more simple add a new good exchange like Kucoin so the demand could be more than supply ? In an little exchange like livecoin it's normal that supplies was more than demand

Hammonds

sr. member

Activity: 532

Merit: 250

Quote from: Galabau24 on April 25, 2018, 05:18:20 AM

the longer parking means the coins are tied longer, there is more time for new users to get coins on the market, so there is a better chance for a higher coin price in my opinion

I think we can only speak of good volume if we are over 1M. But yeah due to the few exchanges volume is limited. I hope this will change in the future to make MNX a more liquid asset.

Galabau24

full member

Activity: 420

Merit: 100

the longer parking means the coins are tied longer, there is more time for new users to get coins on the market, so there is a better chance for a higher coin price in my opinion

onebtcforlife

member

Activity: 420

Merit: 10

Quote from: Galabau24 on April 25, 2018, 02:35:01 AM

Yes, that was very important because interest rates were too high. Many people have sold their interest rates on the market which was not good for the Minexpreis. I think the price will rise in the long term now, because you can also park in the quarter or halfyearly

Yes, they have taken a decent decision in order to control the flow of dumping in the market but whether in long run this might cause the same thing. Most of the people will do the same thing the happened yesterday because the quarterly and half-yearly interest rate is a little bit high people who have large amount coins with them will make more interest?

MineCoin.org

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Activity: 924

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minexcoin.com

Quote from: ?? on ??

FAQ and pool list in Medium, please note:

many seem dead + corrections to make

https://mnx.suprnova.cc/
http://mnx.mining-pool.fr
http://equipool.org
http://mnx.4rigs.cf
http://mnxsolo.4rigs.cf
http://Minexcoinpool.com ==> dead?
http://minexpool.xyz ==> dead?
https://mnx.forgetop.com
mnx-asia.forgetop.com ==> this isn't a pool page (remove)
http://coolmine.top ==> dead (administratively closed)

Thanks, will fix these too. Since we do not provide any support on mining we only gather information on the pools we found across the groups.

MineCoin.org

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Activity: 924

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minexcoin.com

Quote from: ?? on ??

Quote from: MineCoin.org on April 25, 2018, 04:09:39 AM

More pools will be added to the website as soon as possible.

ASAP should be now, as:
* MNX has a price problem - yes, price shouldn't be a problem for believers, however MANY of those believers bought MNX at a higher price than the current one, and that can't be compensated by interests,
* MNX announce a redution of interests rates,
* MNX has slow diff adjustment - why not do like BCH which adjusts at every block?
* there is no decent marketplace to buy MNX,
* and now MNX has only 130MH hash power and delayed blocks :-(

All this may make people run away this awesome project...

BTW, in your FAQ this link doesn't work: "Check instruction at our Blog to enter commands for mining at https://blog.minecoin.org/here-is-detail-instruction-how-to-mine-7be0d91ef5f0"
(to be corrected)

Quote from: ?? on ??

ASAP should be now, as:
* MNX has a price problem - yes, price shouldn't be a problem for believers, however MANY of those believers bought MNX at a higher price than the current one, and that can't be compensated by interests,
* MNX announce a redution of interests rates,
* MNX has slow diff adjustment - why not do like BCH which adjusts at every block?
* there is no decent marketplace to buy MNX,
* and now MNX has only 130MH hash power and delayed blocks :-(

All this may make people run away this awesome project...

BTW, in your FAQ this link doesn't work: "Check instruction at our Blog to enter commands for mining at https://blog.minecoin.org/here-is-detail-instruction-how-to-mine-7be0d91ef5f0"
(to be corrected)

Thanks for your feedback paramecie.
* We never stated it is a coin for fast profit making, everyone who learned about the project properly knows that the rates would be reduced anyway at some point. We cannot be responsible for users' actions and their FOMO.
* Because we are not BCH may be

this is decision of the company administration.
* Livecoin is quite descent, some more exchanges to be added to our exchanges list quite soon. Please have patience. People who are with us for some time know that patience is the key.
* Can't say, I am not a miner but you can at miners' group @mxpool.

BTW thank you, we have updated the link

Topic: Minexcoin - A new era of payments - page 308. (Read 646788 times)