Topic: Minexcoin - A new era of payments - page 597. (Read 646965 times)

The price seems to be calm. It was an incredible pump...
I hope the price will stabilize.

mnxbank soon will start to sell mnx on market to raise fund.
They need more fund.

Minexcoin Info:
Hashrate: 21.61 MSol/s Difficulty: 0.94958993827339

MinexBank Rates:
Daily: 0.29% Weekly: 5.5% Yearly: 70%

Price of MNX: $25.62

I have not read into the details of the bank, but I hope there is something implemented to react for high demand especially now in the beginning.

Usually price and demand of a coin are in a certain balance. For all mine-able coins the demand splits between mining and what happens at the market. For Minex I believe this is currently out of balance due to the low issue rate towards miners. I mean: only ~1200 MNX are generated each day, so overall system is currently growing with about 24.000 dollars each day. Compare this to e.g. ZenCash (ZEN) with similar prize and market cap, but a natural inflation of 7200 coins / 220.000$ per day. Not to speak of any Top10 coin (BTC 1800 coins /  17.000.000 $, ETH 17.280 coins / 8.294.400 ... ) or lets take ZEC as mostly mined coin for NVidia miners: 5760 coins (to public) / 1.958.400$).

So what is my point: All these coins have a high inflation compared to MNX and even they are massively increasing in value currently. Compared to that the inflation of MNX by issuance of additional coins is very low and the only way to change this is an increasing price. Additionally the bank actively reduces the avail coins on market.
 
Therefore I hope that the MinexBank has an algorithm to adjust itself to a higher base line, because if the baseline is fixed at 20$ / coin I think it will run out of money soon - and then even if 70% of mined coins are for the bank I do not believe it is enough.

Minex bank will try to keep MNX on a track for a yearly increase of approx 33% in value as the Top20 coins had (due to calculation of developers). To reach this the inflation rate must be similarly high imao. Just to reach the inflation of ZCASH this would mean a prize above 1500$ / coin. Gz to all coin holders  


Ps: I have multiple addresses in my wallet. One of them I used for the bank, but I just received some MNX on one of the others. Does anyone knows if bank timer will reset if I now do a transaction of this coins to my banking address, since I can not control from which address the transfered money will be taken from?

Would be something nice to know / something good to implement in the future (ability to chose from which address to take transfered coins).

Some people have no vision, I told family and friends about MNX but nobody seemed to care. And why people sell now? are they afraid to make money

yes, we know, but take advantage of this opportunity

Do realize that the interest rates will drop significantly. it won't stay at 5.5 percent for long.

Profit taking down to $23 on Livecoin.  Normal and expected. With tiny volume like that for sale it will only go up over time.

Only 2500 MNX coins for sale  VS 9,400 buy orders on Livecoin !!   I had a feeling this would really shoot up when every time I tried to buy them it was very difficult.  People dont want to sell.  You have to work to buy them or just plan to put in a higher than market price when you bid.  

FYI most the sell orders are for over $30 some as high as $70  

I'll say it again ,  Any price is a good price to buy when you are getting a 5.5%weekly return .  I highly recommend people atleast buy some sooner than later and dont regret missing out.  If it was me I would just buy smaller amounts every day and dollar cost average.  Atleast you get in the game.  I bought when it was $10 which was ATH for it.  I bought a few hundredand the next day bought a few hundred more until it hit $12.5 range.  Today I just bought about 200 at 27 

fuck... but all coins have gained some incredible price since BTC ATH ...

No reason for it to settle there at all......  That was just a target number they set out to reach early on.  percentage will change.  This week it went from 5.7 to 5.5%

But i think now the price will come down to ~20$ because some will take their gains. But 20$ is nice to see.  

5.5% weekly return for parked coins.   Name one other coin that can give you returns like this outside of BCC ?  Doesnt matter if price goes to $50 or $100 you still make the same 5.5% weekly which is fantastic !  One BTC would give you a return of  a little over $500 per week. One month and you have almost 1/4 BTC....  I should go buy more  lol 


I'm set to get 80 MNX per week for parking my bag     Wow.  Not to mention you start compounding interest weekly if you keep parking. 

Hope there won´t be panic sell .
When we will reach another exchanges like Bittrex, the price will be at least 50$, but if minexbank lower the ratio we will be stable around 20$, right?

Waoh waoh waoh? Can someone tell me, whats happening with minex?

Its $28 per minex, did i miss out any news? The deposit terms rate is likely the same
Anyone can TL;DR me? I didn't follow on Minex for quite some time except doing weekly Term deposit

I tried to buy more at $25 but was impossible during the rush.

Holy shit. I wish every day starts with such good News.

They just lowered them when it was hitting $16-17 but it remained high at 5.5%.  I don,t think the rates will tank unless it gets super high like maybe well over $100.

holy shit!! this is very interesting, i guess everyone is holding the coin unless they are crazy enough to sell and leave MNX forever. $27 price in such a short period of time is record breaking. i haven't seen a coin suddenly spike at such a steep jump. congrats to everyone who holds.

Holy crap!!!!


I don´t want lower weekly rates   .
So team, what is the plan now, will you lower them?