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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] Minexcoin - A new era of payments (ICO closed!)
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on: July 24, 2017, 12:49:59 PM
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I'm a bit worried.
Before the release of the wallet they mined 960 blocks with a high amout of hashing power.
After the release they stopped. We now have a very high difficulty in which it is infeasible to cpu mine for any real gains
Currently it has been 17 hours since the last blocks has been mined. This means it will take 17 hours for a transaction to be approved.
Now, when the MNX from the ICO gets released the devs surely need to bring along all their hashing power in order to have everybody withdraw their coins in a timely fashion.
We they don't we would need to wait until the next difficulty adjustment which will happen at block 1920.
This creates a situation in which the devs will own all the hashing power for a long time. Not really decentralised if you ask me.
Really interested in the reason the devs had to have increased the difficulty so much considering we will be CPU mining for a while.
We want a clarification from the developers, how come they mine before release of the wallet to public? Isn't it cheating?what about the ico coins and bounty coins, where did you think were going to come from, i think the pre-mine is in those blocks to cater for the ico and bounty distributions, stop coursing false alarms. You mean to say only 1920 (960*2) coins are pre-mine to distribute among ICO investors and bounty hunters. I don't think so. |
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282
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] Minexcoin - A new era of payments (ICO closed!)
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on: July 24, 2017, 04:55:56 AM
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I'm a bit worried.
Before the release of the wallet they mined 960 blocks with a high amout of hashing power.
After the release they stopped. We now have a very high difficulty in which it is infeasible to cpu mine for any real gains
Currently it has been 17 hours since the last blocks has been mined. This means it will take 17 hours for a transaction to be approved.
Now, when the MNX from the ICO gets released the devs surely need to bring along all their hashing power in order to have everybody withdraw their coins in a timely fashion.
We they don't we would need to wait until the next difficulty adjustment which will happen at block 1920.
This creates a situation in which the devs will own all the hashing power for a long time. Not really decentralised if you ask me.
Really interested in the reason the devs had to have increased the difficulty so much considering we will be CPU mining for a while.
We want a clarification from the developers, how come they mine before release of the wallet to public? Isn't it cheating? |
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283
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] Minexcoin - A new era of payments (ICO closed!)
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on: July 23, 2017, 03:38:51 PM
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I challenge anybody if MNX stay above 0.002 btc after one week in exchange.
Whitepaper showed to us that if the price goes down the algo will increse the rate and buy the coin on exchanges to put the price on the way, if thats no occur, sell all yours coins and make profit before start to lose money In whitepaper it is showed that bank will increase parking percentage in case of high sell off and stop trading if change is more than ±5%. Now if value of MNX decreases everyday by 5% in one week it can come down to 0.0016 BTC from 0.0023 BTC. I am not talking about loosing money because I am already at lose. If developers make efforts to bring positivity then we can HOPE for a sustained price. Which--I am afraid--is not in sight in near future. |
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287
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] Minexcoin - A new era of payments (ICO closed!)
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on: July 21, 2017, 05:22:56 PM
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They've no advantage, it's just a wallet, no miner for no one. The coin will be minable tomorrow, with the relase of windows wallet, miner and pool, as the dev said.
For the ico and the bounty we have to wait till 2nd of august, when will be listed on exchange...
You should join the telegram group, the dev write there every day
Now answer this. Linux version is released with mining instruction. What about Windows and MacOS users? This is what I am talking about dev. They just make fool of us with (im)poster like these. Who spread wrong information and no one from dev clarify about. |
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289
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] Minexcoin - A new era of payments (ICO closed!)
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on: July 21, 2017, 05:14:35 PM
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I have come across the worst developers ever in my life in this venture. They must be dumb to understand simple english or too clever to misguide their backers. Since June 22, we are waiting for a so-called launch of REAL MNX Core wallet. They can't answer problematic question. Their stooges disguise as posters asked irrelevant questions and blabber here and Devs obliged them with superficial answers and thank you posts.
Hello! Your point of view is quite subjective and I will explain why. It will be quite difficult for you to denounce the development process without knowing it's inner essence and not seeing the process from within. Really know how the development process can be known only team and developers, who every day put exceptional effort and spend time to improve the product, to make it better still. Very difficult object to aforecited, aren't you? How can you denounce the development process and denounce developers without being a part of the team? All that we develop, and we're talking about MNXCore for Windows, Mac, and Linux go consistently and structured. Each product goes through many stages, from the origin of the idea to the stage of testing before release, and it takes time, if you had experience in the development, you would know it... Thank you for your attention to the project! I am a developer and knows exactly what I am talking about. Sorry to say... but your answer is all b*******t.
Further, it doesn't answer any of my questions in this thread@snipsnoop: Is this size OK  Developer of what? FUD?  Did you even invest anything into this coin during their ICO sale? I hardly doubt it if even 1btc so you do not get to throw your "I am developer and so I DEMAND ANSWERS RIGHT THE FUCK NOW!" type bullying hence being BULLSHIT! Just shutup and do not make this into a fudfest okay? If you even took the effort (like a true developer would have taken the time to their own due diligence) and investigate into what they are talking about and not just ask for the answers to be thrown before their feet like they are fucking god. Then you would find the answers you so seek on their other streams of informative ques in which they have leave us so to be able to install and look at their source code ourselves for the distro they have released. I am not going to go that route and do what you are DEMANDING you want. That is a TERRORIST tactic. And I do not abide by terrorist actions. Never have and never will. You got to learn to associate yourself to society so to get along with people(programmers are people too  ) and just quit acting like a spoiled person. As if you are the one and only person who has anything to lose in waiting for another week or two for them to get it working correctly. Get a job if you have put anything worth crying over into this project. Or just STFU already.  |
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292
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] Minexcoin - A new era of payments (ICO closed!)
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on: July 21, 2017, 02:02:35 PM
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I have come across the worst developers ever in my life in this venture. They must be dumb to understand simple english or too clever to misguide their backers. Since June 22, we are waiting for a so-called launch of REAL MNX Core wallet. They can't answer problematic question. Their stooges disguise as posters asked irrelevant questions and blabber here and Devs obliged them with superficial answers and thank you posts.
Hello! Your point of view is quite subjective and I will explain why. It will be quite difficult for you to denounce the development process without knowing it's inner essence and not seeing the process from within. Really know how the development process can be known only team and developers, who every day put exceptional effort and spend time to improve the product, to make it better still. Very difficult object to aforecited, aren't you? How can you denounce the development process and denounce developers without being a part of the team? All that we develop, and we're talking about MNXCore for Windows, Mac, and Linux go consistently and structured. Each product goes through many stages, from the origin of the idea to the stage of testing before release, and it takes time, if you had experience in the development, you would know it... Thank you for your attention to the project! I am a developer and knows exactly what I am talking about. Sorry to say... but your answer is all b*******t.
Further, it doesn't answer any of my questions in this thread@snipsnoop: Is this size OK |
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293
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] Minexcoin - A new era of payments (ICO closed!)
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on: July 21, 2017, 01:51:10 PM
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I have come across the worst developers ever in my life in this venture. They must be dumb to understand simple english or too clever to misguide their backers. Since June 22, we are waiting for a so-called launch of REAL MNX Core wallet. They can't answer problematic question. Their stooges disguise as posters asked irrelevant questions and blabber here and Devs obliged them with superficial answers and thank you posts.
MY SIMPLE QUESTION IS
WHY MNX CORE IS NOT RELEASED EVEN AFTER MULTIPLE COMMITMENTS TO AT LEAST THREE OS (LINUX, WINDOWS AND MACOS) TILL DATE?
Maybe if you use bigger fonts people will listen /sarcasm Yeah, see, they answered  |
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294
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] Minexcoin - A new era of payments (ICO closed!)
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on: July 21, 2017, 12:38:53 PM
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I have come across the worst developers ever in my life in this venture. They must be dumb to understand simple english or too clever to misguide their backers. Since June 22, we are waiting for a so-called launch of REAL MNX Core wallet. They can't answer problematic question. Their stooges disguise as posters asked irrelevant questions and blabber here and Devs obliged them with superficial answers and thank you posts.
MY SIMPLE QUESTION IS
WHY MNX CORE IS NOT RELEASED EVEN AFTER MULTIPLE COMMITMENTS TO AT LEAST THREE OS (LINUX, WINDOWS AND MACOS) TILL DATE?
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297
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Local / India / Re: Coinsecure vs Zebpay
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on: July 21, 2017, 07:17:39 AM
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I am using Zebpay since one and half year. And I can assure you that they are fleecing money in the name of volatility and demand. There transaction fees are steep at times which is beyond understanding.
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298
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Bitcoin / Development & Technical Discussion / Re: Scaling bitcoin: the elephant in the room
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on: July 21, 2017, 07:04:11 AM
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Good thought.
Now explain it for 10000 blocks ready for the position of 101st block.
Sorry, I don't understand the question? I think he means that there's 1000 blocks (think transactions) and every one wants to get on the main chain. How long would it take? I mean if the main block time would be a 1 sec that could be possible, as in your example after adding 1 block to main chain every transaction would have to solve puzzle again with a new header. That would take forever to include a single block. Or did I misunderstood your proposition? Ok, so in the pathological case that 10000 users all begin sending a transaction at the same time, and by some miracle all their PoW are solved at exactly the same time, and no other transactions arrive during this period, then, yes you would have a temporary 10000 wide set of single block forks. But unless this set of circumstances continues, the process for resolving will happen naturally as miners of differently chosen difficulty solve blocks making one branch the leader in terms of cumulative difficulty. The way to visualise this is like a tree, which expands in width as the transaction throughput increases, but further back in time, the trunk is much more narrow as a single best path of blocks back to the genesis will be visible, with the forks preserved by uncle references (other branches of the tree). Cheers, Paul. You are getting me but what if there are continuous thousands of new solved blocks then how would blockchain adds new blocks? I am not saying there are 10000 blocks at any one time but I mean that as users can set their difficulty very low to solve blocks and propagate their new block as soon as possible (yes, they can get little reward but swift transaction. Just think about a normal user). Isn't in that case network speed and latency etc. plays a very big role? |
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