Minexcoin - A new era of payments

[tomsmith26]

I regret not buying this coin when it was 1$ and 5$. Now i believe it is too late and dangerous.

I always try my luck with some risky investments and I can get some big profits about this .
I had spent 3500$ to buy 1000MNX with the lowest price and I got all my funds and very big profit total amount: ~22,390$ .
This is the biggest profit during 2 weeks in this year so it's unbelievable, guy.

[bluedeng]

Just need to go one step further, you are very block can lead to the moon！

[felixme]

So is Minexbank doing its job with keeping the price within a 5% daily change range from now on or is that still not a thing? (I’m just asking because if that was the case, I’d sell my coins for $26 and buy again at $21...)

[DraGonD]

Guys, what speed are you getting on AMD gfx card when mining Minex?

It seems my nvidia laptop gfx card is doing twice the speed of my amd desktop gfx.

Is there benchmark list? Or another miner?

[bribed]

ICO was 0.00230755 BTC. You will see soon why price growing so fast, patience my friend, patience 

Thanks for the info on the ICO price, but why cant you share your wisdom why the price is flying? Or do you have secret insidernews that you wont share before it will happen?

[fabcl]

So is Minexbank doing its job with keeping the price within a 5% daily change range from now on or is that still not a thing? (I’m just asking because if that was the case, I’d sell my coins for $26 and buy again at $21...)

I think you need to re-read the white paper carefully.
Minexbank purpose is not to lock the price within 5% around $20, but to TRY to limit the volatility by limiting the variation around +/-5% compared to the previous day. It could go up to $100 or down to $0, not a problem either way, Minexbank is not here to keep it at $20.

Right now, there's no point in trying to contain the volatility as the demand is too high anyway, but I guess it's a good exercise to calibrate the algorithm to make it able to cope with such a situation later.

[taufik123]

pump pump and pump, today I was lucky to sell Token MNX (MINEX) at a fairly high price. so the total investment and total bounty of 567MNX were sold at 0.0023 BTC. extraordinary. has reached 1.3BTC. congratulations to MINEX. Successful and growing projects.

[toucan]

Wow closing in on $1 million in volume today

[BitScreener]

Real-time quotes of Minexcoin:

https://bitscreener.com/coins/minexcoin/price_alert

[felixme]

So is Minexbank doing its job with keeping the price within a 5% daily change range from now on or is that still not a thing? (I’m just asking because if that was the case, I’d sell my coins for $26 and buy again at $21...)

I think you need to re-read the white paper carefully.
Minexbank purpose is not to lock the price within 5% around $20, but to TRY to limit the volatility by limiting the variation around +/-5% compared to the previous day. It could go up to $100 or down to $0, not a problem either way, Minexbank is not here to keep it at $20.

Right now, there's no point in trying to contain the volatility as the demand is too high anyway, but I guess it's a good exercise to calibrate the algorithm to make it able to cope with such a situation later.

Alrighty, then I understood it absolutely right. (Notice: I wrote “5% daily change range”, which essentially means what you said.)

The last part kind of answers the question though.

[jmunn44]

So is Minexbank doing its job with keeping the price within a 5% daily change range from now on or is that still not a thing? (I’m just asking because if that was the case, I’d sell my coins for $26 and buy again at $21...)

I think you need to re-read the white paper carefully.
Minexbank purpose is not to lock the price within 5% around $20, but to TRY to limit the volatility by limiting the variation around +/-5% compared to the previous day. It could go up to $100 or down to $0, not a problem either way, Minexbank is not here to keep it at $20.

Right now, there's no point in trying to contain the volatility as the demand is too high anyway, but I guess it's a good exercise to calibrate the algorithm to make it able to cope with such a situation later.

Yes but he is on the right track, theoretically Minexbank should lower their parking rates drastically to begin leveling off the price per their memorandum. I have seen about a .2% drop each 12 hours or so in the weekly parking rate so i believe it will slowly head back to 2% or so maybe 1-1.5%. This should slow down the growth of the price but at .2% every 12 hours it could hit 35-40 before people stop buying.

[fabcl]

So is Minexbank doing its job with keeping the price within a 5% daily change range from now on or is that still not a thing? (I’m just asking because if that was the case, I’d sell my coins for $26 and buy again at $21...)

I think you need to re-read the white paper carefully.
Minexbank purpose is not to lock the price within 5% around $20, but to TRY to limit the volatility by limiting the variation around +/-5% compared to the previous day. It could go up to $100 or down to $0, not a problem either way, Minexbank is not here to keep it at $20.

Right now, there's no point in trying to contain the volatility as the demand is too high anyway, but I guess it's a good exercise to calibrate the algorithm to make it able to cope with such a situation later.

Alrighty, then I understood it absolutely right. (Notice: I wrote “5% daily change range”, which essentially means what you said.)

The last part kind of answers the question though.

It's me who didn't fully understood your message then
But glad I kinda answered you anyway.

[JimmyGTO]

I invested on Minexcoin during the ICO, I participated in the bounty campaign of MinexCoin and invested about $1.8K on it when it was at $10 though my original plan was purchasing them at $1 on the 1st of November (unfortunately couldn't get the funds to do so by then ). Although, still been parking my coins and I couldn't be happier, already at 2.5x and I can see it getting higher.

Good on you! Congratulations, hodling always pays off! Two questions: what was the ICO price again? Can someone explain why there is such a huge rise now? And why is Minex expected to reach 35 or more in the coming days? Read some comments that stated that. Any reason why it should take off like this now? Besides of hype.

ICO was 0.00230755 BTC. You will see soon why price growing so fast, patience my friend, patience 

Now look BTC price for MNX is higher than ICO at 0.00256486 BTC now.

[Entei]

I sold my 8 MNX at 30k sat and had found that everything was fine, it's amazing the lack of patience I had with this project, I'm now looking for an entry, but the prices are high, really, it's a difficult decision, $300 is a price out of reality or is it possible?

[xYuyan]

I don't see 300 as it is today but this coin can easily hit 50-100 np, probably even up to 200. perhaps if it goes on more exchanges, we get more volume and people start using mnx as a way to gain passive income, the price of the coin will shoot up.

[JimmyGTO]

There is no reason why MNX should not be equal to BTC price, I come to this conclusion because massive money will be flowing into MNX due to the gains made through parking. Yes I know interest rates will be adjusted so please dont tell me that, overall when it balances out you will still be making huge profits even if it dropped to 1% when MNX is $10k.

[JimmyGTO]

I don't see 300 as it is today but this coin can easily hit 50-100 np, probably even up to 200. perhaps if it goes on more exchanges, we get more volume and people start using mnx as a way to gain passive income, the price of the coin will shoot up.

Why you do not see price higher than $300, makes sense to me, many other alt coins have surpassed this figure and they do not have rewards that MNX offer.

[Altcner]

I truly regret not buying this coin when it was about 3$. And now i am convinced that it is too late and dangerous 

[MineCoin.org]

Minexcoin Info:
Hashrate: 28.16 MSol/s Difficulty: 0.94958993827339

MinexBank Rates:
Daily: 0.29% Weekly: 5.5% Yearly: 70%

Price of MNX: $25.90

[JimmyGTO]

I truly regret not buying this coin when it was about 3$. And now i am convinced that it is too late and dangerous  

Yes I read this before from CassiusV, almost exact same message trying to created FUD.