HI
In my wallet I have 20 MNX, but in minexbank I have only 10.65540908 MNX available for parking, why?
I want to park all my 20 MNX!.
This is my address: XNmQnZz4Uehe4HZjsrmFWYew4mG46UaBRM
Topic: Minexcoin - A new era of payments - page 501. (Read 646965 times)
If I park weekly, it will generate 1.037 (3,7%) but a month only generates 1.14 (14%).
So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!
yes, you forgot to calculate 2 extra days in month, because 1 month it is 28 days(4*7) plus 2 days. Plus you forgot to calculate percents from parking reward from each week. So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!
My point is that it is no point parking for a year or a month, better to park short times and then re-park again. Just seems weird for me. Shouldn't it be the other way around?
If I park weekly, it will generate 1.037 (3,7%) but a month only generates 1.14 (14%).
So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!
yes, you forgot to calculate 2 extra days in month, because 1 month it is 28 days(4*7) plus 2 days. Plus you forgot to calculate percents from parking reward from each week. So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!
My point is that it is no point parking for a year or a month, better to park short times and then re-park again. Just seems weird for me. Shouldn't it be the other way around?
Isn't there a fee for each parking period? If so, did you factor that in your calculations? You will need to deduct that 4 times from your total. If not, then forgive my ignorance. I have just parked once.
If I park weekly, it will generate 1.037 (3,7%) but a month only generates 1.14 (14%).
So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!
yes, you forgot to calculate 2 extra days in month, because 1 month it is 28 days(4*7) plus 2 days. Plus you forgot to calculate percents from parking reward from each week. So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!
My point is that it is no point parking for a year or a month, better to park short times and then re-park again. Just seems weird for me. Shouldn't it be the other way around?
If I park weekly, it will generate 1.037 (3,7%) but a month only generates 1.14 (14%).
So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!
yes, you forgot to calculate 2 extra days in month, because 1 month it is 28 days(4*7) plus 2 days. Plus you forgot to calculate percents from parking reward from each week. So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!
If I park weekly, it will generate 1.037 (3,7%) but a month only generates 1.14 (14%).
So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!
So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!
Minexcoin Info:
Hashrate: 39.41 MSol/s Difficulty: 2.163084338443
MinexBank Rates:
Daily: 0.43% Weekly: 3.7% Monthly: 14.2% Yearly: 70%
Price of MNX: $31.38
Hashrate: 39.41 MSol/s Difficulty: 2.163084338443
MinexBank Rates:
Daily: 0.43% Weekly: 3.7% Monthly: 14.2% Yearly: 70%
Price of MNX: $31.38
Ah, really stable price. CoinMarketCap 24 hour change is 0.00%.
I hope MNX will stay at this price for a while. I would like to purchase MNX of around $30.
I hope MNX will stay at this price for a while. I would like to purchase MNX of around $30.
That is abit high actually, last few days it goes.down to $26 but quickly got up again that same day too. There must be people also want to have more of mnx to park his coins. It would be great to se peice drop belowa $25 again. Earning about 50 coins per month, is definitely worth but then I'd need more money to have that huge profit.
Ah, really stable price. CoinMarketCap 24 hour change is 0.00%.
I hope MNX will stay at this price for a while. I would like to purchase MNX of around $30.
I hope MNX will stay at this price for a while. I would like to purchase MNX of around $30.
Haven't been around here for in the weekend. Any good news about minexcoin? New exchange listings? ETC? The price is stable at $30 dollars. Hope it reach $40 at the end of the year.
They can change the interest rate in minexbank and put buy/sell orders in the exchange. For instance if there is a sell pressure, they can
increase the interest rates so that they push people to hold their coins instead of selling it. If this is not sufficient they can put buy orders on the
exchange. However, all this is innovation in the cryptocurrency world so they will try to apply the same mechanisms as the conventional banks but they
need some testing period to adjust the algorithms. They need to see how the market reacts on these interest rate changes and market interventions so
that is why we can see volatility from time to time but it will decrease over the time to reach the values stated in the white paper.
increase the interest rates so that they push people to hold their coins instead of selling it. If this is not sufficient they can put buy orders on the
exchange. However, all this is innovation in the cryptocurrency world so they will try to apply the same mechanisms as the conventional banks but they
need some testing period to adjust the algorithms. They need to see how the market reacts on these interest rate changes and market interventions so
that is why we can see volatility from time to time but it will decrease over the time to reach the values stated in the white paper.
Thank you for your help to the community members
A little clarification: not "they" but the MinexBank algorithm changes interest rates according to the market situation.
I'm looking at the price chart and I'm happy about that, but how does minex bank stabilize price, if there is such a volatility on the market?
They can change the interest rate in minexbank and put buy/sell orders in the exchange. For instance if there is a sell pressure, they can
increase the interest rates so that they push people to hold their coins instead of selling it. If this is not sufficient they can put buy orders on the
exchange. However, all this is innovation in the cryptocurrency world so they will try to apply the same mechanisms as the conventional banks but they
need some testing period to adjust the algorithms. They need to see how the market reacts on these interest rate changes and market interventions so
that is why we can see volatility from time to time but it will decrease over the time to reach the values stated in the white paper.
I'm looking at the price chart and I'm happy about that, but how does minex bank stabilize price, if there is such a volatility on the market?
hi, only 1 exchange? Or do you have more echanges on your roadmap?
Yes, at the moment there is one exchanger.Although it has already been discussed many times. MinexTeam is striving to list on larger exchanges such as Bittrex and HitBTC.
Their plans can be read here.
https://medium.com/minecoin-blog/minexcoin-exchanges-5a19572ca7f2
I am currently advertising it here in my country and successfully convinced more than 10 people to invest and park.
Hope mInexcoin will grow big.
Hope mInexcoin will grow big.
https://weeklyregister.com/minexcoin-mnx-plunges-1-37-on-december-16-17/
97$ Target
this price is possible after march, when they are going to retarget the price spectrum, which is bound to the index price of the biggest 10 cryptos.
hi, only 1 exchange? Or do you have more echanges on your roadmap?
It's one of the most volatile coins in the market right now. What low volatility are you talking about here? Volume is too low, exchange (livecoin) is one of the worst, expect more volatility next days.
Hello alinka,
Please check the Memorandum once again for more details on how the algorithm works and current volatility situation https://minexbank.com/memorandum.
I think I've found a bug in Minexbank. @MineCoin.org, please check out the screenshot below:
https://ibb.co/kXaG4m
For more information please send me PM.
https://ibb.co/kXaG4m
For more information please send me PM.
Hello mentalny
Please send bug details to [email protected].
They process them. Sometimes it takes too long especially if you check their team (at least if they really work for the project). A lot of support stuff cannot solve simple withdraws every couple of days? I hope they will improve their service a bit!
Hello *MrPiP*!
Bounty and ICO withdrawals are not processed by Support Team, we have other team members for this who have weekends like everyone else, and unlike Support Team members.
We are sorry that we make yo wait but we strongly believe that it is better to wait than to see coins paid to some bots of multiaccount owners which is possible with automatic coins distributions. Manual check has always been present for bounty withdrawals.
PS: We do have lots of orders especially since the coins entered the exchange.
Minexcoin Info:
Hashrate: 53.14 MSol/s Difficulty: 2.163084338443
MinexBank Rates:
Daily: 0.43% Weekly: 3.7% Monthly: 14.2% Yearly: 70%
Price of MNX: $31.66
Hashrate: 53.14 MSol/s Difficulty: 2.163084338443
MinexBank Rates:
Daily: 0.43% Weekly: 3.7% Monthly: 14.2% Yearly: 70%
Price of MNX: $31.66
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