Are you guys serious. Use your damn brains for once. Thr coin has no use case atm besides the minexbank. There is no real demand yet
Of course the price is dropping.  the market after the products are released will be a totally different one then we are seeing now.
Yiur ignorant if you think the introduction of card won't change the market

The price before the introduction of the products is pretty meaningless. Coin has no real use atm so low volume and easily to manipulate price. Price was manipulated upwards in the past to 70 dollars and now also downwards by a trading bot.

And yet everybody here being negative thinking that this drop is the real sentiment of the community. I can tell you it's not. It's stupid to sell now when the coin is about to get its first real use case. But please do, many people will like to buy your cheap coins off you

Don't come crying if in a few months when the price is back to 10 plus.

There is a serious lack of intelligence in some crypto 'investors'

If you really believe that look at it another way: the more price drops the more potential for profit when the cards are released   that is went bought on the dip.

Well that's not the whole story. Because mnx only has one exchange atm with volume it's very easy to manipulate the market.
And thats what is being done.  sonesome peoplepeople hsve noticed odd bebaviour on the market which looks like a trading bot pushing the price down.  i have indeed tested that it is possible for someone eith both btc and nnx to place buy order and match it by selling to himself.  Bad design by livecoin.  a single person can trade with himself to increase or decrease price.

No the main problem is wrong expectations from the investors. Everybody is judging while the eco system required to create demand is not even in place. Even if not directly stated in wp. Everybody with some common sense should be a able to see that parking rate adjustments won't work when majority sells and not buys. In wp or memorandum it was asked to refrain from trading outside the 5 percent corridor probably because of this. If people just had the patience to wait for the demand to be created the price wouldn't be in decline. Yet nobody listened and people sold anyway. You can't blame the team for the dumb people that sell. They did everything. Remember they were spending 150.000 MNX a month on interest payments.

I think they did a smart move. Why spend so much MNX when clearly the majority of holders only use it for short term profits. The rate drop weeded out some of this people. And the current decline will take care of the rest. A solid foundation of long term investors will be realized, coins happily bought for cheap by the long term people. Eventually we will see an ip rise in price again. The lower the price the more coins can be doubt for thr same amount of money. We will eventually start to see nice big buy walls

And tell me how is this project 80 percent scam when the team is funded through Boris his personal funds and the teams coins remain untouched?  The dedication Boris has to this problem is actuslly a clear indicator to me that the coin will not go dead. They got 2 years of funds to develop. Alot can be acomplished in this time. They don't have to rely on the mnx price for developing funds. There is great potentionally for the price rising when the products are released. The keyword is just patience.

Wrong conclusion. The network hashrate is based on thr average time to find a block. Let's say a made up coin has only a single pool doing 10 megasol and enters a lucky streak. The network hashrate could then be reported as 20 megasol. Network hashrate isn't a good measure at all. It just an indirect indicator of network hashrate.. Not the actual hashrate.

I do know of a one or two private pools setup by group of friends. Had contact with one earlier which was planning adding around 10 megasol..  That explains part of the hashrate

You pay for one of the different  cards. The card you pick determines your maximum withdrawal limit and the fees you pay for transactions made with the card. Card won't be preloaded with the amount you pay. It's just for the card.

Boris just shared some new information about the cards in the Russian chat

Compilation from the translations made by Arevik and few others

- Cards will be announced a day or two before the listing on HitBTC
- Within two weeks time preordering of cards will be available (not clear if that is from now, or after the the announcement)
- Cards will be available for 1, 5, 20 or 200 (Limited Edition) MNX
The cheapest card will have the highest fees and lowest withdrawal limit. The most expensive one will have 0 fees and the highest withdrawal limit
- The withdrawal limit for the limited edition premium card will be 20.000 USD
- 1000 Limited Edition Cards will be available.
-  Card will be a VISA card at first, thus usable in any store that accepts VISA
-  Cards will be delivered via courier delivery service
-  Cards are for USD and Euro.but  Payment can be made in other currencies (my addition: but like any other credit card conversion fees could apply)
-  There should not be will annual fees. Small fee could apply if card has not been used for a year

You don't need the team to advertise the pools. It's frankly not up to them.
Pool owners should advertise their own pools. Also all the pools are listed on my telegram channel so people know of them already.

 Hashrate on two pools isn't really  that much of a problem. Other pools exist and so are several private mining pools and are functional. the automatic  failover on lolminer you can configure will take care of pool switching in case one goes down.  People just flock naturally to the largest pool but there are enough backup pools to pick up the slack when for some reason one goes down. So I myself am not worried about the state of the network. I was earlier when it was just suprnova and minexpool. But there are several solo miners out there now and several public pools like forgetop, and at least two private pools that I know of.  the neteork is in better shape now then last year.

You guys do realize that network hashrate is highly inaccurate. It's not like the pools broadcast their hashrate to the network and the total displayed. The network hashrate is based on thr current difficulty and thr average time blocks are found. If the network is highly unlucky the network hashrate can display a value lower then the sum of all the pool hashrates. If the network is highly lucky the neteork hashrate can become really inflated

Network hashrate isn't a good measure to calculate pool dominance. You need to look at pending blocks for that.
Minexpool has around 75 percent atm. Still a bit high but I can't control where people mine. It's not up to me to police.
When price increases again. People at suprnova will again start mining mnx and the hashrate will be spread out once again.

The new minexexplorer is looking good . finally able to load address details of addresses with 10.000+ transactions

Nice video.
I'm thinking of rejuvenating my mnx wiki project to compile all the info given in the videos.
there is still no good text source for the info in these videos.

Not necceserily this month. They expect to get the listing dates in May. Depending on the requests of the exchange and thr listing date they might not be able to share it in May

Karina said the following in the telegram chat:

The rumours aren't rumors BTW. It's directly from Boris which talked about it in the interview
One indeed in top 10 the other in the top 30.

That site was filled in by a community member based on the q2. He just set the date to what he thinks was correct. Minexsystems never released exact release dates for the exchange. In the interview it was set they ant to have atomic swaps ready between 6 coins before releasing the exchange. We got atomic swaps between mnx and btc and ltc now. We have to wait for the others to be released since this forms the  basis for the Minex Decentralized Exchange.

Nothing you can do. the Hot wallet of the minexbank probably needs to be refilled. something the team needs to do.

Take the time to be envolved in the project. Weeks ago this was announced. Read the blog

Just go to crypto rich YouTube channel
All videos are there including part 4 and 5.

Buggy pool. Are you serious? You really want to compare a pool with almost no hashrate to a larger one which is obviously more likely to get targeted in attacks. Don't start a smear campaign just because you think your pool is superior.
 
Being listed on the main page doesn't automatically mean a pool gets more hashrate. You can't control what people do
Suprnova wasnt listed on main page and website earlier but in that time it still managed to get majority of the miners.

Totally agree. By investing in the ICO we didn't invest in a coin but in a company. People should listen to the interview. The coin itselfs offers nothing unique compared to other coins. But the coin will get you access to all the different products that will be part of the ecosystem the company MinexSystems is creating. and that´s what will make the ecosystem valuable in the long run. People shouldn´t be so shortsited.

I don't think that he wasn't prepared but he just did not understand some of the questions which Arevik in turn clarrified to him.

Price at this stage of the project doesn't matter. Only the price with a completed ecosystem does.
also not everybody sees the videos. Many are unaware of the developments.