Minexcoin - A new era of payments - page 532.

fabcl

newbie

Activity: 68

Merit: 0

Quote from: Fabriz on December 08, 2017, 06:13:26 AM

Isn't the maximum supply of this coin 19,000,000? Referencing your earlier post:

"If only 100 000MNX out of 3 000 000 are parked (which wouldn't be a lot) at this rate for a year, the bank would have to pay 2 438 000 MNX in interests which is way beyond its capacity."

The interest rates have to come down drastically and soon, or Minexbank will end up not being able to pay any interest at all ever again.

They have an algorithm for parking so it’s all under control, if the parking rate increase would say they can pay that amount, when the amount of parked mnx will increase the parking rate decrease.
This is the moment for investors to buy Mnx and start parking for accumulate Minex.

Seriously, I KNOW all that, just read my previous messages, I was talking about a previously posted article.

Fabriz

member

Activity: 392

Merit: 10

Quote from: ?? on ??

Isn't the maximum supply of this coin 19,000,000? Referencing your earlier post:

"If only 100 000MNX out of 3 000 000 are parked (which wouldn't be a lot) at this rate for a year, the bank would have to pay 2 438 000 MNX in interests which is way beyond its capacity."

The interest rates have to come down drastically and soon, or Minexbank will end up not being able to pay any interest at all ever again.

They have an algorithm for parking so it’s all under control, if the parking rate increase would say they can pay that amount, when the amount of parked mnx will increase the parking rate decrease.
This is the moment for investors to buy Mnx and start parking for accumulate Minex.

TeMHuK

sr. member

Activity: 728

Merit: 259

Quote from: ?? on ??

Isn't the maximum supply of this coin 19,000,000? Referencing your earlier post:

Quote from: fabcl on December 08, 2017, 05:34:51 AM

Quote from: elegant_joylin on December 08, 2017, 04:37:46 AM

https://medium.com/@Elegant_Joylin/minexcoin-mnx-a-cryptocurrency-that-could-possibly-surpass-bitcoin-f4ee8b04720f

If only 100 000MNX out of 3 000 000 are parked (which wouldn't be a lot) at this rate for a year, the bank would have to pay 2 438 000 MNX in interests which is way beyond its capacity.

The interest rates have to come down drastically and soon, or Minexbank will end up not being able to pay any interest at all ever again.

That percents in bank will be changed. High daily percents is reaction of bank to the price drop, and it's works. Shocked

fabcl

newbie

Activity: 68

Merit: 0

Quote from: ?? on ??

Isn't the maximum supply of this coin 19,000,000? Referencing your earlier post:

"If only 100 000MNX out of 3 000 000 are parked (which wouldn't be a lot) at this rate for a year, the bank would have to pay 2 438 000 MNX in interests which is way beyond its capacity."

The interest rates have to come down drastically and soon, or Minexbank will end up not being able to pay any interest at all ever again.

All the coins haven't been release yet, hence mining.
3 000 000 is an approximation of what's available now but I did not even check carefully. Not sure about the right number, I don't have time to check but I shouldn't be too far.

fabcl

newbie

Activity: 68

Merit: 0

Quote from: ?? on ??

Is it really 0.89% daily, and not 0.89% per annum divided by 365? Can anyone confirm this with a reference?

You get your interests at the end of the parking period so yes, it's a daily rate.

Fabriz

member

Activity: 392

Merit: 10

The interests will be lowed for sure, but they have an algorithm that calculate parking rates based on the mnx parked, their reserve and the mined....if they need more mnx can adjust the mining difficulty. If a lot of people try to dump their coins the amount of parked mnx go down, so they can increase the parking rate. Then they’ll have a bot that place orders in the exchange to control volatility

fabcl

newbie

Activity: 68

Merit: 0

Quote from: kenzie95 on December 08, 2017, 05:53:30 AM

Quote from: fabcl on December 08, 2017, 05:50:29 AM

Quote from: jenlex13 on December 08, 2017, 05:46:44 AM

Quote from: fabcl on December 08, 2017, 05:44:39 AM

Quote from: Kirilgeorgiev on December 08, 2017, 05:40:37 AM

Quote from: fabcl on December 08, 2017, 05:34:51 AM

Quote from: elegant_joylin on December 08, 2017, 04:37:46 AM

https://medium.com/@Elegant_Joylin/minexcoin-mnx-a-cryptocurrency-that-could-possibly-surpass-bitcoin-f4ee8b04720f

Everything is mathematically correct in this article but completely out of a plausible scenario.
A daily rate of 0.89% can't stay for long : It is a yearly equivalent of 2438% (approx.)

If only 100 000MNX out of 3 000 000 are parked (which wouldn't be a lot) at this rate for a year, the bank would have to pay 2 438 000 MNX in interests which is way beyond its capacity.
(For the record, the bank gets around 240 MNX a day out of mining which makes 87 600MNX a year. This doesn't count the fee on transactions).

I hope, for the sake of this project that the daily rate is going to go down by a lot soon enough.

Stop dreaming about high rates and big money and go back to real calculations if you really want to earn money.

Off coarse that the bank will change the interest rate as soon as the project gathers enough interest I guess only the yearly interest will be kept a little longer

Then why making some calculations on something which can't happen?

he/she said in the blog that "assuming" MNX stays at $20. which means same parking rates.
that is what i understand.

Whatever the $ value is, parking rates can't stay this high, that's my point. And revenues are calculated with those rates. Which can't happen or MinexCoin will be shut down before that.

They wont stay high, daily park was for example 0.29% most of earlier days and then when this all dump started, devs got it up to .89% daily to attract new people in. They are testing the rates and for sure it wont stay this high. However for brave people and people that trust in this project this is kind of the reward, but most of people don't realise it.

I KNOW they won't stay that high. Again, I was talking about this article which shows what you COULD earn with those rates, which will NEVER happen. Such an article doesn't help MinexCoin. It will only make people angry in a few weeks when they realize the parking rates are going down by a lot and they're gonna run away.

kenzie95

full member

Activity: 143

Merit: 120

Quote from: ?? on ??

Is it really 0.89% daily, and not 0.89% per annum divided by 365? Can anyone confirm this with a reference?

At this moment its 0.89% daily

Pic : https://gyazo.com/fd6211bed02ced6caa452f226a406a6b

kenzie95

full member

Activity: 143

Merit: 120

Quote from: fabcl on December 08, 2017, 05:50:29 AM

Quote from: jenlex13 on December 08, 2017, 05:46:44 AM

Quote from: fabcl on December 08, 2017, 05:44:39 AM

Quote from: Kirilgeorgiev on December 08, 2017, 05:40:37 AM

Quote from: fabcl on December 08, 2017, 05:34:51 AM

Quote from: elegant_joylin on December 08, 2017, 04:37:46 AM

https://medium.com/@Elegant_Joylin/minexcoin-mnx-a-cryptocurrency-that-could-possibly-surpass-bitcoin-f4ee8b04720f

Everything is mathematically correct in this article but completely out of a plausible scenario.
A daily rate of 0.89% can't stay for long : It is a yearly equivalent of 2438% (approx.)

If only 100 000MNX out of 3 000 000 are parked (which wouldn't be a lot) at this rate for a year, the bank would have to pay 2 438 000 MNX in interests which is way beyond its capacity.
(For the record, the bank gets around 240 MNX a day out of mining which makes 87 600MNX a year. This doesn't count the fee on transactions).

I hope, for the sake of this project that the daily rate is going to go down by a lot soon enough.

Stop dreaming about high rates and big money and go back to real calculations if you really want to earn money.

Off coarse that the bank will change the interest rate as soon as the project gathers enough interest I guess only the yearly interest will be kept a little longer

Then why making some calculations on something which can't happen?

he/she said in the blog that "assuming" MNX stays at $20. which means same parking rates.
that is what i understand.

Whatever the $ value is, parking rates can't stay this high, that's my point. And revenues are calculated with those rates. Which can't happen or MinexCoin will be shut down before that.

They wont stay high, daily park was for example 0.29% most of earlier days and then when this all dump started, devs got it up to .89% daily to attract new people in. They are testing the rates and for sure it wont stay this high. However for brave people and people that trust in this project this is kind of the reward, but most of people don't realise it.

fabcl

newbie

Activity: 68

Merit: 0

Quote from: jenlex13 on December 08, 2017, 05:46:44 AM

Quote from: fabcl on December 08, 2017, 05:44:39 AM

Quote from: Kirilgeorgiev on December 08, 2017, 05:40:37 AM

Quote from: fabcl on December 08, 2017, 05:34:51 AM

Quote from: elegant_joylin on December 08, 2017, 04:37:46 AM

https://medium.com/@Elegant_Joylin/minexcoin-mnx-a-cryptocurrency-that-could-possibly-surpass-bitcoin-f4ee8b04720f

Everything is mathematically correct in this article but completely out of a plausible scenario.
A daily rate of 0.89% can't stay for long : It is a yearly equivalent of 2438% (approx.)

If only 100 000MNX out of 3 000 000 are parked (which wouldn't be a lot) at this rate for a year, the bank would have to pay 2 438 000 MNX in interests which is way beyond its capacity.
(For the record, the bank gets around 240 MNX a day out of mining which makes 87 600MNX a year. This doesn't count the fee on transactions).

I hope, for the sake of this project that the daily rate is going to go down by a lot soon enough.

Stop dreaming about high rates and big money and go back to real calculations if you really want to earn money.

Off coarse that the bank will change the interest rate as soon as the project gathers enough interest I guess only the yearly interest will be kept a little longer

Then why making some calculations on something which can't happen?

he/she said in the blog that "assuming" MNX stays at $20. which means same parking rates.
that is what i understand.

Whatever the $ value is, parking rates can't stay this high, that's my point. And revenues are calculated with those rates. Which can't happen or MinexCoin will be shut down before that.

jenlex13

full member

Activity: 168

Merit: 100

LoyalCoin-Redefining Customer Loyalty

Quote from: fabcl on December 08, 2017, 05:44:39 AM

Quote from: Kirilgeorgiev on December 08, 2017, 05:40:37 AM

Quote from: fabcl on December 08, 2017, 05:34:51 AM

Quote from: elegant_joylin on December 08, 2017, 04:37:46 AM

https://medium.com/@Elegant_Joylin/minexcoin-mnx-a-cryptocurrency-that-could-possibly-surpass-bitcoin-f4ee8b04720f

Everything is mathematically correct in this article but completely out of a plausible scenario.
A daily rate of 0.89% can't stay for long : It is a yearly equivalent of 2438% (approx.)

If only 100 000MNX out of 3 000 000 are parked (which wouldn't be a lot) at this rate for a year, the bank would have to pay 2 438 000 MNX in interests which is way beyond its capacity.
(For the record, the bank gets around 240 MNX a day out of mining which makes 87 600MNX a year. This doesn't count the fee on transactions).

I hope, for the sake of this project that the daily rate is going to go down by a lot soon enough.

Stop dreaming about high rates and big money and go back to real calculations if you really want to earn money.

Off coarse that the bank will change the interest rate as soon as the project gathers enough interest I guess only the yearly interest will be kept a little longer

Then why making some calculations on something which can't happen?

he/she said in the blog that "assuming" MNX stays at $20. which means same parking rates.
that is what i understand.

fabcl

newbie

Activity: 68

Merit: 0

Quote from: Kirilgeorgiev on December 08, 2017, 05:40:37 AM

Quote from: fabcl on December 08, 2017, 05:34:51 AM

Quote from: elegant_joylin on December 08, 2017, 04:37:46 AM

https://medium.com/@Elegant_Joylin/minexcoin-mnx-a-cryptocurrency-that-could-possibly-surpass-bitcoin-f4ee8b04720f

Everything is mathematically correct in this article but completely out of a plausible scenario.
A daily rate of 0.89% can't stay for long : It is a yearly equivalent of 2438% (approx.)

If only 100 000MNX out of 3 000 000 are parked (which wouldn't be a lot) at this rate for a year, the bank would have to pay 2 438 000 MNX in interests which is way beyond its capacity.
(For the record, the bank gets around 240 MNX a day out of mining which makes 87 600MNX a year. This doesn't count the fee on transactions).

I hope, for the sake of this project that the daily rate is going to go down by a lot soon enough.

Stop dreaming about high rates and big money and go back to real calculations if you really want to earn money.

Off coarse that the bank will change the interest rate as soon as the project gathers enough interest I guess only the yearly interest will be kept a little longer

Then why making some calculations on something which can't happen?

Kirilgeorgiev

member

Activity: 76

Merit: 10

ooo nooo I wanted to buy some more coins at 20usd but I thought lets wait a little bit more it might get to 15 usd and now it is too late Sad

Kirilgeorgiev

member

Activity: 76

Merit: 10

Quote from: fabcl on December 08, 2017, 05:34:51 AM

Quote from: elegant_joylin on December 08, 2017, 04:37:46 AM

https://medium.com/@Elegant_Joylin/minexcoin-mnx-a-cryptocurrency-that-could-possibly-surpass-bitcoin-f4ee8b04720f

Everything is mathematically correct in this article but completely out of a plausible scenario.
A daily rate of 0.89% can't stay for long : It is a yearly equivalent of 2438% (approx.)

If only 100 000MNX out of 3 000 000 are parked (which wouldn't be a lot) at this rate for a year, the bank would have to pay 2 438 000 MNX in interests which is way beyond its capacity.
(For the record, the bank gets around 240 MNX a day out of mining which makes 87 600MNX a year. This doesn't count the fee on transactions).

I hope, for the sake of this project that the daily rate is going to go down by a lot soon enough.

Stop dreaming about high rates and big money and go back to real calculations if you really want to earn money.

Off coarse that the bank will change the interest rate as soon as the project gathers enough interest I guess only the yearly interest will be kept a little longer

fabcl

newbie

Activity: 68

Merit: 0

Quote from: elegant_joylin on December 08, 2017, 04:37:46 AM

https://medium.com/@Elegant_Joylin/minexcoin-mnx-a-cryptocurrency-that-could-possibly-surpass-bitcoin-f4ee8b04720f

Everything is mathematically correct in this article but completely out of a plausible scenario.
A daily rate of 0.89% can't stay for long : It is a yearly equivalent of 2438% (approx.)

If only 100 000MNX out of 3 000 000 are parked (which wouldn't be a lot) at this rate for a year, the bank would have to pay 2 438 000 MNX in interests which is way beyond its capacity.
(For the record, the bank gets around 240 MNX a day out of mining which makes 87 600MNX a year. This doesn't count the fee on transactions).

I hope, for the sake of this project that the daily rate is going to go down by a lot soon enough.

Stop dreaming about high rates and big money and go back to real calculations if you really want to earn money.

jenlex13

full member

Activity: 168

Merit: 100

LoyalCoin-Redefining Customer Loyalty

Quote from: JimmyGTO on December 08, 2017, 05:21:36 AM

Quote from: ?? on ??

I don't think insulting my intelligence is helpful either. None of your strategies have proved beneficial thus far, and if people had taken my advice they would've saved themselves a lot of money.

You're such a dumbass, you are the one that is useless, MNX serves a purpose 'parking' but you are too dumb to capitalize from it because you now have no MNX to gain interest from.

He's ranting because of the "POTENTIAL" profit he will gained if he bought BTC instead of MNX, this is like blaming the universe for not giving you the power to see the future! (He is the exact definition of " CRYBABY TRADER ". But still MNX made him over $3000 richer.. and still wont leave MNX thread i am sure he wants most of the people here to dump their coins so he can buy cheap.

givemesummer

newbie

Activity: 73

Merit: 0

Quote from: qazgroup on December 08, 2017, 02:52:00 AM

So Some of the new accounts seems to be working against minexcoin, may be they are paid to do it or they have some agenda, the only concern I have with minexcoin is where are they generating profit to pay the investors from parking.?

As said in the whitepaper, they generate it from mining. For now it's 20%. The chart looks like this:

Blocks 1 - 900 001 = 20%
Blocks 900 001 - 1 800 000 = 30%
Blocks 1 800 001 - 2 700 000 = 40%
Blocks 2 700 001 - 3 600 000 = 50%
Blocks 3 600 001 - 4 500 000 = 60%
Since block 4 500 001 = 70%

Also there's 1.5 mil premined coins in the bank.

myminex

copper member

Activity: 223

Merit: 0

There is no dumping reason when people need it. Dumping kill yourself.

MineCoin.org

sr. member

Activity: 924

Merit: 299

minexcoin.com

Quote from: liliiaolivia2017 on December 08, 2017, 05:07:46 AM

I correctly understand that the parking of coins and intervention are the main financial instruments used by MinexBank?

Hello!

More info about the algorithm of Minexbank's operation here:
https://minexbank.com/memorandum

JimmyGTO

full member

Activity: 169

Merit: 100

Quote from: ?? on ??

I don't think insulting my intelligence is helpful either. None of your strategies have proved beneficial thus far, and if people had taken my advice they would've saved themselves a lot of money.

You're such a dumbass, you are the one that is useless, MNX serves a purpose 'parking' but you are too dumb to capitalize from it because you now have no MNX to gain interest from.

Topic: Minexcoin - A new era of payments - page 532. (Read 646965 times)