MintCoin Specifications - Pure PoS
- 30 seconds block target
- Difficulty retargets every block
- PoS Min/Max Age: 20/40 days
- PoS variable interests:
- 1st year: 20%
- 2nd year: 15%
- 3rd year: 10%
- 4th and subsequent years: 5% (Current rate, although we are not in 4th year)
- 4 confirmations for transaction, thus fast 2 mins confirmation for transactions
- 50 confirmations for minted blocks
- Ports: 12788 (connection) and 12789 (RPC)
MintCoin: Recent Statistics~MintCoin Original Launch Date: February 06, 2014
The following stats provided by coolbeans94 are based on the most current information as of Dec. 6th, 2016:
According to the best data I can find, MintCoin's POS reward was at the 10% APR for a total of approximately 347 days, and produced 1.3 billion coins in that time. From approximately 22.6 billion coins on 12/21/2015 to 23.9 billion on 12/2/2016. This means the MINT network produced an average of 3.75 million new coins per day during that time. This works out to about a 6.1% APR increase in the money supply. If every MintCoin in existence was consistently minting, then we would expect a 10% increase in the money supply during this time. But this is not the case, and from this we can see that only about 60.1% of the coins were actually actively minted (minting participation rate).
In the last year, minters received approximately 10% APR increase in their coins, while the inflation of the money supply was only 6.1%. So the minter outperforms the increase in the money supply (inflation effects) by approximately 64%.
MintCoin's POS reward is now at 5% APR so all else equal, the money supply will increase by about 650 million coins or 3.05% over the coming year. Minters will receive 5% APR, thus still outperforming the increase in the money supply (inflation effects) by approximately 64%.
The minter, will always outperform the inflation rate because not all coins are minted.
Many coins have been lost over the years and are out of circulation, but all coins that exist are still considered part of the money supply as there is no way to accurately account for them as some may be held on exchanges or offline or not minted for whatever reason. As long as you are consistent to mint at least once per year you will get the full 5% APR which will always be more than the inflation rate.
Exchanges[SouthXchange]MINT/BTC(
https://www.southxchange.com/Market/Book/MINT/BTC)
[BTCPop]MINT/BTC(
https://btcpop.co/Exchange/MINT)
LinksWebsitehttps://www.mintcoinofficial.eu/https://news.mintcoinofficial.eu/E-mail:[email protected]Telegram:https://t.me/OfficialMintcoinWallet download:https://github.com/MintcoinCommunity/Mintcoin-Desktop-Wallet/releasesExplorer:https://prohashing.com/explorer/Mintcoin/Twitter:https://twitter.com/MintCoin_TeamFacebook:https://www.facebook.com/MintCoin-Official-Community-328740334335003/Reddit:https://www.reddit.com/r/MintCoin/Discord:https://discord.gg/g9EeSk3
WalletsGithub: https://github.com/MintcoinCommunity/Mintcoin-Desktop-Wallet/releasesBootstrap: https://www.mintcoinofficial.eu/Wallet instructions (possibly outdated):
(MintCoin.eu instructions)
https://news.mintcoinofficial.eu/resources/faq/41-instructions-on-how-to-get-the-mintcoin-wallet-connected-and-synchronized.html(Windows)
https://www.youtube.com/watch?v=bc7FecSGm1s(Mac)
https://www.youtube.com/watch?v=yn4M_H69ZP8(Mac Lion to High Sierra)
https://www.youtube.com/watch?v=MQY1KOyu8uY
MintCoin was first launched on February 6th, 2014 through a process called
pre-mine, instead of an Initial Coin Offering (ICO). Its code was originally based
on Novacoin, and for the first five weeks of its life MintCoin was a Proof-ofStake(PoS)/Proof-of-Work(PoW)
hybrid. In April 2014, the pioneering developer
team converted the code, making MintCoin the original Proof-of-Stake coin.
MintCoin was created in response to the disturbingly fast trend toward
centralization, speculation and dumps that has today already consumed many
coins to the point of no return. The ICO hysteria, seemingly monthly hacks, and
an online landscape littered with scams had begun to define blockchain
technology in the narrative of the mainstream media. MintCoin’s creators
foresaw the alarming escalation of power consumption due to Bitcoin mining
and wanted to create a better digital currency that was as environmentally
friendly and energy efficient as possible. Today, MintCoin still requires no
special hardware, and uses extremely minimal resources to maintain the
network.
What MintCoin has become is testament to the work of hundreds of
hardworking collaborators and a strong ethos which underpins the project. The
coin has always been leaderless, green and fairly distributed, and it stands by
the core value of blockchain: transparency. Its source code is available on
GitHub; its community is open to all. This white paper marks the start of the
long term revitalization of MintCoin, beginning in March 2018. This is the latest
chapter in a special story, and the beginning of an exciting future.
MintCoin is moving forward!
Latest development update:
https://github.com/shane-kerr/MintCoin-Development-Updates/blob/master/2018-10-04.mdThe original ANN thread:
https://bitcointalksearch.org/topic/ann-mint-mintcoin-pos-5-no-ico-fair-distro-community-maintained-450381Current Moderators/dev's from MintCoin are:Shane KerrEuroCentiemDeepcreekWe will complete this page as soon as possible
