Topic: Minexcoin - A new era of payments - page 429. (Read 646771 times)

Difficulty is related to block time, not price => More miners, higher difficulty to keep a constant block time generation.

1st answer to your question : Difficulty is changing every 980 blocks(from what i know). So it is adjusted on every 980 blocks depending on the current network hashrate.
2nd answer to your question : 10 days ago, BTC was around 14k level. Now it's on 11k level. Every BTC price drop results into domino effect for all other coins out there. You can expect minexcoin price to be around $20 dollar level so that is normal.

Quick question guys,
10 days ago MNX difficulty was 1.58      now it is 2.03
10 days ago MNX price was 29              now it is 23.5

How to explain this ?

Thanks,

Nico

Here's my comparison from Bitconnect and Minexcoin.

Minexcoin :
1. Offers interest rate named "Parking". Parking is a reward for holding your Minexcoin. This is also how Staking coins function but the Interest rate is changing depending on market situation(Ex. Price up, interest rate down, Price down, Interest rate up) making sure that you'll still get the value you've been expecting for a certain period of time.
2. You can buy it on exchanges(Livecoin,coinexchange) that came from the people who hold MNX.
3. Doesn't need to refer someone to buy MNX. Only word of mouth can convince people into holding MNX.
4. Development team is known and business is registered in HK in order to operate internationally.
5. Minexcoin is not a ponzi scheme. It doesn't operate like how bitconnect is doing. Minexsystems only develops the technology to expand the use-cases of MNX .
6. Minexcoin has been around here for more than a year and continue developing what they promised in their roadmap. The Minexbank is their first successful platform which has been used by more than 6k users.

Bitconnect :
1. Offers fixed interest rate at high and unsustainable level.
2. You can buy it on their own exchange(BCC exchange) that came only from them. Cashing in the BTC for themselves unlike the traditional exchange.
3. Bitconnect uses MLM tactics in order to lure out people in thinking that their platform is generating tons of money, but it's not.
4. Development team is unknown and you can only name a few people promoting this ponzi scheme.
5. Bitconnect operates as a ponzi scheme. MLM, Pyramid and referrals is the clear sign of a ponzi. They lure out people by believing they generate a ton of money with their trading bot. But actually, there trading bot is non-existent.
6. Didn't last for long. Conducted another ICO to milk out money from their loyal community.


 

I can say that MNX price is quite stable at this time and it will be much profit for who is having 1000 MNX coins at the minexbank platform with monthly plan . It means that He or She will get a big profit around 3800usd or more  so do you think that it is really profitable to own this coin ?
The answer is Yes and Yes . Do not miss this chance .

+ and read the explanation of the MinexBank algo in the white paper, it's lately more or less predictable according to the coin price on the market.

Hello!
You should check https://coinmarketcap.com/ and set e-mail notification in your bank account.

thanks for the update. how will we know if the interest will go low or what will be the basis?

Minexcoin Info:
Hashrate: 49.47 MSol/s Difficulty: 2.0387562694305

MinexBank Rates:
Daily: 0.32% Weekly: 2.9% Monthly: 16.1% Yearly: 70%

Price of MNX: $23,43

Thank you!
We are working in this direction and will inform community about any updates.

Hi, interesting project!

Would you consider getting listed at https://stocks.exchange ?

It's one of few good exchanges that's not asking crazy fees, thank you!

Hello!
All information about MinexBank and its work you can read at: https://minexbank.com/memorandum, https://minexcoin.com/html/download/wpeng.pdf

Algorithm details are disclosed avoid speculations on the market.

MinexBank is an autonomous algorithm and it is currently under testing.
There is probably no way to know when the parking rate of MinexBank will change.
It is because there is a possibility that pumps and dumps will be performed intentionally. But it's certainly going down gradually (please read the white paper)

now a very profitable monthly parking, Do you plan to reduce the percent on it? if yes, when? for me it is important to know.

I think I'll buy with ETH rather than USD. I guess will have to bite the bullet and in a month will be up 16%.  Well done on getting in on 1st Nov!

Interest rates being chanded by the MinexBank algo which is now working in a test mode. You can find more details in memorandum https://minexbank.com/memorandum

already joined the telegram group

anyway, dev why is that there are changes in the rate on parking recently? can you explain about this matter?

Asia Pool memory usage ran to high causing the Minexcoin Daemon to crash, this caused miners connected to the asia pool to disconnect
Done a memory upgrade now so everything should be good now.

Issue with the links on asia pool are now fixed

@Raquemis By the way, found a small issue with the website of your Asian pool - Faucet link is /faq and doesn't lead anywhere. In EU, where the link is /tbs, everything works fine.

Dear community!
You can also join our Telegram chat for more active discussion of the project.
You’re welcome at https://t.me/minexcoin
Have a good parking!