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Title: What do you guys think of Mintcoin? Post by: Fraxinus on February 18, 2014, 01:44:26 PM 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://bitcointalk.org/index.php?topic=450381.0 (https://bitcointalk.org/index.php?topic=450381.0) Video: http://www.youtube.com/watch?v=mr95PH-u0eU (http://www.youtube.com/watch?v=mr95PH-u0eU) Website: http://mintcoin.biz/ (http://mintcoin.biz/) Title: Re: What do you guys think of Mintcoin? Post by: Willisius on February 18, 2014, 02:47:15 PM 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.
Title: Re: What do you guys think of Mintcoin? Post by: thejepper on February 18, 2014, 02:49:58 PM very little activity on the markets
Title: Re: What do you guys think of Mintcoin? Post by: Fraxinus on February 18, 2014, 04:05:45 PM very little activity on the markets Ye they need to add a MINT/LTC market, would be nicer to trade. Title: Re: What do you guys think of Mintcoin? Post by: Willisius on February 18, 2014, 06:41:25 PM 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/ Title: Re: What do you guys think of Mintcoin? Post by: qiwoman on February 18, 2014, 07:00:37 PM 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. :)
Title: Re: What do you guys think of Mintcoin? Post by: ScroogeD on February 18, 2014, 10:16:26 PM 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 Title: Re: What do you guys think of Mintcoin? Post by: XCASH on February 18, 2014, 10:38:08 PM 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. Title: Re: What do you guys think of Mintcoin? Post by: PyroClasTix on February 18, 2014, 10:39:52 PM It's very Minty.
I still have the Mints I originally mined. 8) Title: Re: What do you guys think of Mintcoin? Post by: Sylon on February 18, 2014, 11:47:18 PM .
Title: Re: What do you guys think of Mintcoin? Post by: Baitty on February 18, 2014, 11:48:54 PM Another clone coin so we know where its going and it certainly isn't going to the moon.
Title: Re: What do you guys think of Mintcoin? Post by: erre on February 18, 2014, 11:53:05 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 Title: Re: What do you guys think of Mintcoin? Post by: hvezdasmrti on February 19, 2014, 12:26:12 AM Now it will go to 0, then it will be probably pumped like every 1 satoshi coin.
Title: Re: What do you guys think of Mintcoin? Post by: PCJargon on February 20, 2014, 09:23:51 AM Another clone coin so we know where its going and it certainly isn't going to the moon. Not at all? ::)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. Title: Re: What do you guys think of Mintcoin? Post by: r0ach on February 20, 2014, 10:04:41 AM 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.
Title: Re: What do you guys think of Mintcoin? Post by: lemfuture on February 20, 2014, 10:06:28 AM dont have that much distinction over the others
Title: Re: What do you guys think of Mintcoin? Post by: r0ach on February 20, 2014, 10:10:35 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://bitcointalk.org/index.php?topic=450381.msg5229710#msg5229710 I know a lot more about PoW than PoS, so someone else will have to comment on these PoS issues. |