Author

Topic: Minexcoin - A new era of payments - page 565. (Read 646965 times)

full member
Activity: 294
Merit: 100
December 03, 2017, 02:29:11 PM
WOW! Huge congrats for everyone who got in early Smiley Nice success Wink

But I have one question, so if you park your MINEX, it will give you 80% gains a year... But where is this coming from???

After a few years all MINEX coins would be used up...
From miners fees and from bank reserves

Ok but with compound interest, lets say you have 1000 MINEX...
After a year you get 800...
Now you have 1800 and will already receive another 1440 the second year.
In the third year you have 3240 Minex and will receive additional 2592...

You see how fast you *10 your Minex coins? Its only a couple of years but then all Minex coins are GONE.....

And they cant pay the late investors a revenue anymore from the bank.....

It sounds like one of the biggest snowball/scam/pyramid schemes Ive seen in a while with coins unless I am missing something?

re-read the memorandum. the parking rate will reduces every year and even the minexbank reserve has been  runs out the percentage that they take from miners will do the job it takes decades though.
sr. member
Activity: 924
Merit: 299
minexcoin.com
December 03, 2017, 02:28:38 PM
WOW! Huge congrats for everyone who got in early Smiley Nice success Wink

But I have one question, so if you park your MINEX, it will give you 80% gains a year... But where is this coming from???

After a few years all MINEX coins would be used up...
From miners fees and from bank reserves

Ok but with compound interest, lets say you have 1000 MINEX...
After a year you get 800...
Now you have 1800 and will already receive another 1440 the second year.
In the third year you have 3240 Minex and will receive additional 2592...

You see how fast you *10 your Minex coins? Its only a couple of years but then all Minex coins are GONE.....

And they cant pay the late investors a revenue anymore from the bank.....

It sounds like one of the biggest snowball/scam/pyramid schemes Ive seen in a while with coins unless I am missing something?

Yes, you missed our white paper`s page 10 https://minexcoin.com/html/download/wpeng.pdf.

Ok thanks for the info, so the revenue will decrease each year. Still seems a bit snowbally because unless you set the interest to extremely low values after some years you would run out of coins to pay revenue.
We have that at page 11
full member
Activity: 224
Merit: 157
December 03, 2017, 02:26:14 PM
WOW! Huge congrats for everyone who got in early Smiley Nice success Wink

But I have one question, so if you park your MINEX, it will give you 80% gains a year... But where is this coming from???

After a few years all MINEX coins would be used up...
From miners fees and from bank reserves

Ok but with compound interest, lets say you have 1000 MINEX...
After a year you get 800...
Now you have 1800 and will already receive another 1440 the second year.
In the third year you have 3240 Minex and will receive additional 2592...

You see how fast you *10 your Minex coins? Its only a couple of years but then all Minex coins are GONE.....

And they cant pay the late investors a revenue anymore from the bank.....

It sounds like one of the biggest snowball/scam/pyramid schemes Ive seen in a while with coins unless I am missing something?

Yes, you missed our white paper`s page 10 https://minexcoin.com/html/download/wpeng.pdf.

Ok thanks for the info, so the revenue will decrease each year. Still seems a bit snowbally because unless you set the interest to extremely low values after some years you would run out of coins to pay revenue.
sr. member
Activity: 924
Merit: 299
minexcoin.com
December 03, 2017, 02:19:18 PM
WOW! Huge congrats for everyone who got in early Smiley Nice success Wink

But I have one question, so if you park your MINEX, it will give you 80% gains a year... But where is this coming from???

After a few years all MINEX coins would be used up...
From miners fees and from bank reserves

Ok but with compound interest, lets say you have 1000 MINEX...
After a year you get 800...
Now you have 1800 and will already receive another 1440 the second year.
In the third year you have 3240 Minex and will receive additional 2592...

You see how fast you *10 your Minex coins? Its only a couple of years but then all Minex coins are GONE.....

And they cant pay the late investors a revenue anymore from the bank.....

It sounds like one of the biggest snowball/scam/pyramid schemes Ive seen in a while with coins unless I am missing something?

Yes, you missed our white paper`s page 10 https://minexcoin.com/html/download/wpeng.pdf.
member
Activity: 121
Merit: 10
Tullievo
December 03, 2017, 02:18:10 PM
Sold 300 MNX at 15$. Regrets Embarrassed   Bought some for 200$ now tho! Wink
sr. member
Activity: 924
Merit: 299
minexcoin.com
December 03, 2017, 02:16:32 PM
unbelievable, I have it from ICO, Looking forward to see when it will become stable.
what about exchange? is it under development?

Hello, yes, our exchange is under development.
full member
Activity: 224
Merit: 157
December 03, 2017, 02:16:20 PM
WOW! Huge congrats for everyone who got in early Smiley Nice success Wink

But I have one question, so if you park your MINEX, it will give you 80% gains a year... But where is this coming from???

After a few years all MINEX coins would be used up...
From miners fees and from bank reserves

Ok but with compound interest, lets say you have 1000 MINEX...
After a year you get 800...
Now you have 1800 and will already receive another 1440 the second year.
In the third year you have 3240 Minex and will receive additional 2592...

You see how fast you *10 your Minex coins? Its only a couple of years but then all Minex coins are GONE.....

And they cant pay the late investors a revenue anymore from the bank.....

It sounds like one of the biggest snowball/scam/pyramid schemes Ive seen in a while with coins unless I am missing something?
sr. member
Activity: 491
Merit: 250
December 03, 2017, 02:15:04 PM
Good price at Coinmarketcap.com.I am sure it will go a long way due to its fact that it will be performing as a bank. If it really acts the way it is and based on the Whitepaper. I have no doubt it will go a lot higher than Bitcoin in due time. Good job DEVS.

https://coinmarketcap.com/currencies/minexcoin/#markets
$61.04 USD (51.34%)
0.00519970 BTC (41.11%)
sr. member
Activity: 728
Merit: 259
December 03, 2017, 02:13:18 PM
WOW! Huge congrats for everyone who got in early Smiley Nice success Wink

But I have one question, so if you park your MINEX, it will give you 80% gains a year... But where is this coming from???

After a few years all MINEX coins would be used up...
From miners fees and from bank reserves
full member
Activity: 224
Merit: 157
December 03, 2017, 02:08:36 PM
WOW! Huge congrats for everyone who got in early Smiley Nice success Wink

But I have one question, so if you park your MINEX, it will give you 80% gains a year... But where is this coming from???

After a few years all MINEX coins would be used up...
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
December 03, 2017, 02:07:34 PM
When you park your coins, will it be recurring or do it needs to be set up again when you receive your expected returns?
I was hoping to park it for month but if it needs to be set up every now and then when we received returns then I guess I would have to do it yearly as I might not have the time to keep up, I'm doing something else too.

By the way, will the funds/parking returns be received too when you back up your wallet before the parking was set up?
sr. member
Activity: 728
Merit: 259
December 03, 2017, 02:01:15 PM
hey @newbies. i hope you just try to pump it more. or you will get burned soon. this price rise i not sustainable.
'

Yes it will pump and drop but it is only on one exchange.  The minex algorithm doesn't take affect until 3 months from now.  Right now it is learning the market and adjusting accordingly.  Just think when it is one multiple markets, it will rise slowly for sure.  Try not to bring this project down because you sold your coins at a low price.
It is really no sence to sell. it specially in panic sale. You will get your profit anyway. From parking.
full member
Activity: 238
Merit: 100
December 03, 2017, 01:59:27 PM
hey @newbies. i hope you just try to pump it more. or you will get burned soon. this price rise i not sustainable.
'

Yes it will pump and drop but it is only on one exchange.  The minex algorithm doesn't take affect until 3 months from now.  Right now it is learning the market and adjusting accordingly.  Just think when it is one multiple markets, it will rise slowly for sure.  Try not to bring this project down because you sold your coins at a low price.
legendary
Activity: 1498
Merit: 1117
December 03, 2017, 01:44:22 PM
hey @newbies. i hope you just try to pump it more. or you will get burned soon. this price rise i not sustainable.
newbie
Activity: 13
Merit: 0
December 03, 2017, 01:29:52 PM
This coin (Minexcoin) - will be by December, 25 at a price - from $ 350 to $ 800. For me it is obvious. After all, the need for this service is enormous.
newbie
Activity: 77
Merit: 0
December 03, 2017, 01:26:18 PM
So as it seems the Price loose a bit from some scaredy cats. If you want to be a part of the new Btc its time to jump in an stock up before it reaches MARS. Grin Grin Grin
member
Activity: 76
Merit: 10
December 03, 2017, 01:20:10 PM
unbelievable, I have it from ICO, Looking forward to see when it will become stable.
what about exchange? is it under development?

Yes it is called MinexExchange and I think it passed alpha stage but I’m not sure .

I hope that some more people sell so that I can buy more Smiley
newbie
Activity: 1
Merit: 0
December 03, 2017, 01:18:06 PM
I hope you have a good chance
full member
Activity: 714
Merit: 105
December 03, 2017, 01:13:41 PM
unbelievable, I have it from ICO, Looking forward to see when it will become stable.
what about exchange? is it under development?
full member
Activity: 462
Merit: 100
December 03, 2017, 01:12:39 PM
Weak hands leaving the boat ^^
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