http://mint.mintpool.us/mint/faq.php
So... every night between 23.00 and 03.00 Mint gets pumped and the price probably rises. To me that sounds like an oppertunity that can be easily exploited...
I think Mint is better of with a steady increase instead of one pump per day where we all pay the grand price any whale sets for us... Please fix this
Quote
Payouts occur usually somewhere between 2300 - 0300 CST, depending on how much volume is being traded.
So... every night between 23.00 and 03.00 Mint gets pumped and the price probably rises. To me that sounds like an oppertunity that can be easily exploited...
I think Mint is better of with a steady increase instead of one pump per day where we all pay the grand price any whale sets for us... Please fix this
Yeah that's not right. Definitely should be an all day thing
They could make the payout within a designated time frame so that people know when to expect their payout, but they could do the actual purchasing of MINT at random, undisclosed, or spread-out times so that people can't exploit the pump.
You're right about that - I assumed (probably) wrong. I was triggered by a message earlier about increase in price last night and that being great for the bagholders, combined with the payout times.
I think I connected the wrong dots
edit: and given the 40 megahash we are outputting now (0.35 BTC/day), it'll take longer then one night to push the coin up a few satoshi's