What do you guys think of Mintcoin? | Bitcointalksearch.org

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: lemfuture on February 20, 2014, 05:06:28 AM

dont have that much distinction over the others

It doesn't really need it, all it needs is a self sustaining network with some form of security to be a valid currency.

There is one interesting thing I noticed about Mint though. It might be one of the few coins that ASIC will benefit like I was talking about in my post here after block rewards go to 1 coin:

https://bitcointalksearch.org/topic/m.5229710

I know a lot more about PoW than PoS, so someone else will have to comment on these PoS issues.

lemfuture

hero member

Activity: 686

Merit: 500

dont have that much distinction over the others

r0ach

legendary

Activity: 1260

Merit: 1000

I like Mint because I've wanted to see how an NXT-like experiment would go, recreated in the standard, Bitcoin client, without the IPO scam.

PCJargon

full member

Activity: 126

Merit: 100

Smashing rocks with my GPU

Quote from: Baitty on February 18, 2014, 06:48:54 PM

Another clone coin so we know where its going and it certainly isn't going to the moon.

Not at all? Roll Eyes

It's now on several exchanges, above 50th on coinmarket cap, and is pushing at going above 8 satoshi already. Apparently the PoW rewards are going to halve again in less than 12 hours. Far more difficult to come by, less dump.

hvezdasmrti

sr. member

Activity: 797

Merit: 251

Now it will go to 0, then it will be probably pumped like every 1 satoshi coin.

erre

legendary

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Quote from: Baitty on February 18, 2014, 06:48:54 PM

Another clone coin so we know where its going and it certainly isn't going to the moon.

it's not properly a clone: although the POS concept is not new, it's the only coin proposed to use it so massively

Baitty

hero member

Activity: 532

Merit: 500

Currently held as collateral by monbux

Another clone coin so we know where its going and it certainly isn't going to the moon.

Sylon

legendary

Activity: 1568

Merit: 1169

.

PyroClasTix

newbie

Activity: 56

Merit: 0

It's very Minty.
I still have the Mints I originally mined. Cool

XCASH

legendary

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Merit: 1000

Quote from: Willisius on February 18, 2014, 01:41:25 PM

Quote from: Fraxinus on February 18, 2014, 11:05:45 AM

Quote from: thejepper on February 18, 2014, 09:49:58 AM

very little activity on the markets

Ye they need to add a MINT/LTC market, would be nicer to trade.

You can trade with DOGE at https://coins2themoon.com/

Thanks for the link. This exchange is new to me.

ScroogeD

member

Activity: 70

Merit: 10

█ Scrooge D Silver █

Quote from: Willisius on February 18, 2014, 09:47:15 AM

I hope it'll do well, being energy-efficient. I'm just not sure how open people will be to adopt, given that early adopters have such an advantage.

I don't think, it's a problem. You can still buy it very cheap. The price went down from 8 to 3 Satoshis https://www.mintpal.com/market/MINT/BTC

qiwoman

sr. member

Activity: 294

Merit: 250

I find Mint promising as it is a proof of stake coin as well and has various innovative properties. I only have 1k of them at the moment but I am hoping to collect a few more soon as time goes by and I can afford.

Willisius

sr. member

Activity: 364

Merit: 250

I'm really quite sane!

Quote from: Fraxinus on February 18, 2014, 11:05:45 AM

Quote from: thejepper on February 18, 2014, 09:49:58 AM

very little activity on the markets

Ye they need to add a MINT/LTC market, would be nicer to trade.

You can trade with DOGE at https://coins2themoon.com/

Fraxinus

legendary

Activity: 1274

Merit: 1000

Quote from: thejepper on February 18, 2014, 09:49:58 AM

very little activity on the markets

Ye they need to add a MINT/LTC market, would be nicer to trade.

thejepper

full member

Activity: 182

Merit: 100

very little activity on the markets

Willisius

sr. member

Activity: 364

Merit: 250

I'm really quite sane!

I hope it'll do well, being energy-efficient. I'm just not sure how open people will be to adopt, given that early adopters have such an advantage.

Fraxinus

legendary

Activity: 1274

Merit: 1000

In contrary to many new coins , this one is not a clone.

"MintCoin is an innovative, secure and energy efficient PoW/PoS coin. It uses a faster PoW distribution mechanism to distribute the initial coins, then after 5 weeks the coin is basically transferred to a pure PoS coin, where the generation of the coin is mainly through the PoS interests.
MintCoin also adopt a variable PoS rate, which gives the highest payout at 20% the first year, then decrease 5% per year until the 4th year it reaches annual interest rate of 5%, then it will remain at this rate.
Because after 5 weeks it is basically a pure PoS coin, it does not need to be intensively mined, as the PoW payout will remain the minimum. Most coins will be generated through PoS, thus it is a coin that will save a lot of energy compared to other coins.
PoS will start after at least 20 days of holding of the coins in the wallet. With PoS, the coin is more resilient to 51% attack."

Link on forum:
https://bitcointalksearch.org/topic/ann-mint-mintcoin-pos-5-no-ico-fair-distro-community-maintained-450381

Video:
http://www.youtube.com/watch?v=mr95PH-u0eU

Website:
http://mintcoin.biz/

Topic: What do you guys think of Mintcoin? (Read 986 times)