Minexcoin - A new era of payments - page 963.

sonulrk

full member

Activity: 266

Merit: 100

Quote from: Racquemis1 on July 23, 2017, 02:45:14 PM

I'm a bit worried.
Before the release of the wallet they mined 960 blocks with a high amout of hashing power.
After the release they stopped. We now have a very high difficulty in which it is infeasible to cpu mine for any real gains
Currently it has been 17 hours since the last blocks has been mined. This means it will take 17 hours for a transaction to be approved.

Now, when the MNX from the ICO gets released the devs surely need to bring along all their hashing power in order to have everybody withdraw their coins in a timely fashion.
We they don't we would need to wait until the next difficulty adjustment which will happen at block 1920.

This creates a situation in which the devs will own all the hashing power for a long time. Not really decentralised if you ask me.

Really interested in the reason the devs had to have increased the difficulty so much considering we will be CPU mining for a while.

We want a clarification from the developers, how come they mine before release of the wallet to public? Isn't it cheating?

rendiuno

full member

Activity: 340

Merit: 111

Quote from: wiss19 on July 23, 2017, 08:11:11 PM

Quote from: Continuous on July 23, 2017, 07:53:30 PM

Quote from: wiss19 on July 23, 2017, 07:50:42 PM

How to withdraw balance MNX from the stakes we can?

help me dev

You'll 'supposedly' be able to withdraw your balance on MNX gets listed on exchanges (supposedly on the 1st-2nd August).

thanks for information sir , we only exchange out on the market

Hopefully this coin does not disappoint,
Hopefully the price will stay above ico

luksbit

sr. member

Activity: 1204

Merit: 252

Quote from: civilufo on July 23, 2017, 11:34:28 PM

Quote from: bluedeep on July 23, 2017, 09:10:06 PM

Quote from: lilaj4de on July 23, 2017, 04:06:54 PM

Will mining be by gpu?

In these last posts in bitcointalk mentioned the wallet, when it is available?

I think we'll be able to mine it with GPUs ( it is based on Equihash algorithm)

Yes, after I read through the comments, found that this is an equihash coin. It can be mined by gpu. So, we just need pool to do so. Or setup your own pool and point to your wallet will let your be the powerful miner early bird.

Good news, does it have a pool available at suprnova?

And are already developing a miner? I hope minexcoin succeeds.

civilufo

sr. member

Activity: 375

Merit: 250

Quote from: bluedeep on July 23, 2017, 09:10:06 PM

Quote from: lilaj4de on July 23, 2017, 04:06:54 PM

Will mining be by gpu?

In these last posts in bitcointalk mentioned the wallet, when it is available?

I think we'll be able to mine it with GPUs ( it is based on Equihash algorithm)

Yes, after I read through the comments, found that this is an equihash coin. It can be mined by gpu. So, we just need pool to do so. Or setup your own pool and point to your wallet will let your be the powerful miner early bird.

elegant_joylin

sr. member

Activity: 826

Merit: 254

How to mine this coin?

bluedeep

legendary

Activity: 977

Merit: 1011

Quote from: lilaj4de on July 23, 2017, 04:06:54 PM

Will mining be by gpu?

In these last posts in bitcointalk mentioned the wallet, when it is available?

I think we'll be able to mine it with GPUs ( it is based on Equihash algorithm)

wiss19

sr. member

Activity: 2226

Merit: 344

Quote from: Continuous on July 23, 2017, 07:53:30 PM

Quote from: wiss19 on July 23, 2017, 07:50:42 PM

How to withdraw balance MNX from the stakes we can?

help me dev

You'll 'supposedly' be able to withdraw your balance on MNX gets listed on exchanges (supposedly on the 1st-2nd August).

thanks for information sir , we only exchange out on the market

Continuous

sr. member

Activity: 1064

Merit: 264

Quote from: wiss19 on July 23, 2017, 07:50:42 PM

How to withdraw balance MNX from the stakes we can?

help me dev

You'll 'supposedly' be able to withdraw your balance on MNX gets listed on exchanges (supposedly on the 1st-2nd August).

wiss19

sr. member

Activity: 2226

Merit: 344

How to withdraw balance MNX from the stakes we can?

help me dev

ekin4

hero member

Activity: 663

Merit: 505

I'm checking roadmap and I saw Minexcoin and Minexbank should've been released 1 month ago. I think it's not ready yet. People still can't trade this coin. Do you want to update roadmap. People get confused when they check roadmap and see it's still in progress.

rube08

full member

Activity: 238

Merit: 100

Dev,

When do you estimate the windows wallet to be released. I hope to get a head start in mining the coin by CPU.

bitcoinvestor

hero member

Activity: 812

Merit: 501

Quote from: sonulrk on July 23, 2017, 03:28:37 AM

The strong point with BTC besides technical and economic problem is community believe in it, which lacks in MNX post-ICO.

We will see if mnx will get a lot of supporters. If mnx distribution OK to wallet or exchanger, I think there will be many supporters in the mnx ecosystem as the whitepaper stated. Miners are also important to speed up transaction. without miners the coin become useless.

Hullo

hero member

Activity: 980

Merit: 500

If I don't withdraw my coins once everything is done over the next week at scheduled. What will be with my coins I mean to say will these be parked automatically without my will or will simple stay in wallet ? May be I want to withdraw them but not on the very first day that's why i am asking to be sure.

lilaj4de

sr. member

Activity: 602

Merit: 250

Will mining be by gpu?

In these last posts in bitcointalk mentioned the wallet, when it is available?

hansen.ng

sr. member

Activity: 632

Merit: 250

Quote from: Racquemis1 on July 23, 2017, 02:45:14 PM

I'm a bit worried.
Before the release of the wallet they mined 960 blocks with a high amout of hashing power.
After the release they stopped. We now have a very high difficulty in which it is infeasible to cpu mine for any real gains
Currently it has been 17 hours since the last blocks has been mined. This means it will take 17 hours for a transaction to be approved.

Now, when the MNX from the ICO gets released the devs surely need to bring along all their hashing power in order to have everybody withdraw their coins in a timely fashion.
We they don't we would need to wait until the next difficulty adjustment which will happen at block 1920.

This creates a situation in which the devs will own all the hashing power for a long time. Not really decentralised if you ask me.

Really interested in the reason the devs had to have increased the difficulty so much considering we will be CPU mining for a while.

I think once the miner is ready, we should be able to mine with GPU, because equihash algo is also used by Zcash and others.

Racquemis1

full member

Activity: 271

Merit: 103

I'm a bit worried.
Before the release of the wallet they mined 960 blocks with a high amout of hashing power.
After the release they stopped. We now have a very high difficulty in which it is infeasible to cpu mine for any real gains
Currently it has been 17 hours since the last blocks has been mined. This means it will take 17 hours for a transaction to be approved.

Now, when the MNX from the ICO gets released the devs surely need to bring along all their hashing power in order to have everybody withdraw their coins in a timely fashion.
We they don't we would need to wait until the next difficulty adjustment which will happen at block 1920.

This creates a situation in which the devs will own all the hashing power for a long time. Not really decentralised if you ask me.

Really interested in the reason the devs had to have increased the difficulty so much considering we will be CPU mining for a while.

jacafbiz

hero member

Activity: 2128

Merit: 530

PredX - AI-Powered Prediction Market

Quote from: sonulrk on July 23, 2017, 03:23:53 AM

I challenge anybody if MNX stay above 0.002 btc after one week in exchange.

I think it should stay above that figure, the number of tokens in circulation is very small amount, I could remeber Tokes ICO too, the developers raised hundreds of BTC and the price has been very high on the market. There won't be huge selling pressure to keep the price low except bounty tokens I guess

*MrPiP*

full member

Activity: 162

Merit: 100

I've participated in bounty, not an investor. But I think investors should be really unhappy with what is happening with the project now.
I remember they promised custom algo (mars?) for PoW mining. Also guys should learn how to do a proper PoW coin launch (it's more important than minex bank!).

DashS

full member

Activity: 222

Merit: 100

Quote from: Racquemis1 on July 23, 2017, 10:16:45 AM

Mining is pretty much useless. Currently mining on Windows. 2 days mining on three i7 systems and only 2 blocks mined.
Average block time is like 12 hours atm.

Is there a win wallet somewhere? I thought only linux wallet was released. I don't understand why there's no updates on the first post in this thread.

DEV CAN YOU UPDATE IT PLEASE?

sonulrk

full member

Activity: 266

Merit: 100

Quote from: manoel on July 23, 2017, 08:21:22 AM

Quote from: sonulrk on July 23, 2017, 03:23:53 AM

I challenge anybody if MNX stay above 0.002 btc after one week in exchange.

Whitepaper showed to us that if the price goes down the algo will increse the rate and buy the coin on exchanges to put the price on the way, if thats no occur, sell all yours coins and make profit before start to lose money

In whitepaper it is showed that bank will increase parking percentage in case of high sell off and stop trading if change is more than ±5%. Now if value of MNX decreases everyday by 5% in one week it can come down to 0.0016 BTC from 0.0023 BTC. I am not talking about loosing money because I am already at lose. If developers make efforts to bring positivity then we can HOPE for a sustained price. Which--I am afraid--is not in sight in near future.

Topic: Minexcoin - A new era of payments - page 963. (Read 646771 times)