Minexcoin - A new era of payments

[toucan]

This still doesn't show enough information. I would need to see your return from a day (or a week) of parking to make sure that the rate is in fact 0.89% daily and not 0.89%p.a./365, and also see your initial investment.

WTF are you retarded or just fucking stupid??

[toucan]

someone is stocking some MNX.

Wow....nice to see some smart people out there. Not like our minexcoinisuseless dimwit

[lordzc]

If a coin rises very quickly, its fall is very fast. As long as it does not go slowly, it's always the same scenario.

[elegant_joylin]

The assumption I used in my blog is: [assuming that the MNX price remains constant at $20; I did not changed the interest rates above because on the longer term the price of MNX will go higher but the interest rates will go lower (as MNX becomes stable); on conservative note, changing one variable is appropriate so that the returns will not be extremely high].



I think 2438% (without transaction cost) returns over one year is realizable as MNX returns in just one month ( see below) have reached is 5,998%.


Let's see the MNX history. The lowest was $1.15 and the highest as of this writing is $70.31. If you buy 1 MNX at $1.15 and sell at $70.31, the returns is 5998% (without the transaction cost).



Thanks.

 

[liliiaolivia2017]

Cool team by the way

[fabcl]

The assumption I used in my blog is: [assuming that the MNX price remains constant at $20; I did not changed the interest rates above because on the longer term the price of MNX will go higher but the interest rates will go lower (as MNX becomes stable); on conservative note, changing one variable is appropriate so that the returns will not be extremely high].

https://i.imgur.com/2UyenBZ.jpg

I think 2438% (without transaction cost) returns over one year is realizable as MNX returns in just one month ( see below) have reached is 5,998%.


Let's see the MNX history. The lowest was $1.15 and the highest as of this writing is $70.31. If you buy 1 MNX at $1.15 and sell at $70.31, the returns is 5998% (without the transaction cost).

https://i.imgur.com/fvGTtEO.jpg

Thanks.

 

Microsoft started at $0.0062 and peaked at $84. It makes 1354838%.
Should I jump to the conclusion that Microsoft is a better opportunity ?

[lock1986110]

Microsoft can I park my car?

[elegant_joylin]

The assumption I used in my blog is: [assuming that the MNX price remains constant at $20; I did not changed the interest rates above because on the longer term the price of MNX will go higher but the interest rates will go lower (as MNX becomes stable); on conservative note, changing one variable is appropriate so that the returns will not be extremely high].



I think 2438% (without transaction cost) returns over one year is realizable as MNX returns in just one month ( see below) have reached is 5,998%.


Let's see the MNX history. The lowest was $1.15 and the highest as of this writing is $70.31. If you buy 1 MNX at $1.15 and sell at $70.31, the returns is 5998% (without the transaction cost).



Thanks.

 

Microsoft started at $0.0062 and peaked at $84. It makes 1354838%.
Should I jump to the conclusion that Microsoft is a better opportunity ?

Not necessarily. You have to consider your timing when you enter.
Also consider the business cycle, start - grow - expansion - peak - contraction - trough - exit or start to expand again.
 

[fabcl]

Microsoft can I park my car?

Nope, but you can park your trojans and viruses of all sorts (troll inside...)

[MineCoin.org]

Minexcoin Info:
Hashrate:47.09 MSol/s Difficulty: 2.4116355619992

MinexBank Rates:
Daily: 0.89% Weekly: 4.5% Monthly: 13.9% Yearly: 70%

Price of MNX: $26.34

[toucan]

This still doesn't show enough information. I would need to see your return from a day (or a week) of parking to make sure that the rate is in fact 0.89% daily and not 0.89%p.a./365, and also see your initial investment.

WTF are you retarded or just fucking stupid??

Haha I think he left    

[cabron]

This still doesn't show enough information. I would need to see your return from a day (or a week) of parking to make sure that the rate is in fact 0.89% daily and not 0.89%p.a./365, and also see your initial investment.

WTF are you retarded or just fucking stupid??

Haha I think he left    

He has the enthusiasm though. By  the looks of his username, it sure is created only for  this MNX coin, he must have a lot of time  that he created an email only for it and yet he left.  He must have bought more MNx by now since it dropped from $70 to$20 already. Consider him gone now, must be  parking his coin days ago already.

[mpy]

Central bank and crypto just can't live under the same roof

I rather think that central banks and crypto "shouldn't" live under the same roof, but MNX and minexbank show that they can.
Well, Minexbank aims only at keeping low volatility and a fixed increase rate in MNX/USD change value, it misses one key mission of central banks that is creating new coins, so MinexBank is not strictly speaking an actual central bank.

My only concern about Minexbank is when they declare on their website "First Trustless Bank". Ok I do not need to trust them by sending them my coins, we are far from the Ponzi scheme of Bitconnect here. But I still need to trust the fact that if I park my coins, I will indeed receive a "reward" for that. And that the minexbank reserves will only be used to reach the official goals of minexcoin (low volatilty mainly). For now, I think all payouts were indeed fulfilled, but what ensures me that it will always be the case?
Let's assume that one day MNX reaches really high value, starts to lose its value significantly (like we saw the last few days) and that the team behind minexbank is actually a group of scammer that will try to get the most money possible while they can, their strategy could be:
1- Prevent people from selling their MNX by showing really high parking rates on minexbank
2- Sell their own MNX
3- Stop paying parking interests to most minexcoin holders but themselves
I read the white paper and the memorandum, but did not found anything that makes this scenario impossible, did I missed something?

I want to insist on the fact that I started investing in cryptos a month ago, I hold bitcoin, Litecoin and Minexcoin and I do believe that minexcoin has a bright future. I'm not a FUDer, and I hope my post will not prevent anyone from buying MNX and will make the price rise up again.

The only thing that would make me stop having MNX would be the creation of a similar coin, where the role of Minexbank would be somehow distributed between miners. For instance, to park my coin I would have to send a signed message on the blockchain saying that I will keep a certain amount of MNX on my wallet for 7 days and I would claim my reward after this delay by sending an other message, then my reward would be send to me in the next block. The algorithm to choose the next parking rates would also need to be distributed among miners... Until the emergence of such a coin, I stay on board with minexcoin!...

[jenlex13]

Central bank and crypto just can't live under the same roof

I rather think that central banks and crypto "shouldn't" live under the same roof, but MNX and minexbank show that they can.
Well, Minexbank aims only at keeping low volatility and a fixed increase rate in MNX/USD change value, it misses one key mission of central banks that is creating new coins, so MinexBank is not strictly speaking an actual central bank.

My only concern about Minexbank is when they declare on their website "First Trustless Bank". Ok I do not need to trust them by sending them my coins, we are far from the Ponzi scheme of Bitconnect here. But I still need to trust the fact that if I park my coins, I will indeed receive a "reward" for that. And that the minexbank reserves will only be used to reach the official goals of minexcoin (low volatilty mainly). For now, I think all payouts were indeed fulfilled, but what ensures me that it will always be the case?
Let's assume that one day MNX reaches really high value, starts to lose its value significantly (like we saw the last few days) and that the team behind minexbank is actually a group of scammer that will try to get the most money possible while they can, their strategy could be:
1- Prevent people from selling their MNX by showing really high parking rates on minexbank
2- Sell their own MNX
3- Stop paying parking interests to most minexcoin holders but themselves
I read the white paper and the memorandum, but did not found anything that makes this scenario impossible, did I missed something?

I want to insist on the fact that I started investing in cryptos a month ago, I hold bitcoin, Litecoin and Minexcoin and I do believe that minexcoin has a bright future. I'm not a FUDer, and I hope my post will not prevent anyone from buying MNX and will make the price rise up again.

The only thing that would make me stop having MNX would be the creation of a similar coin, where the role of Minexbank would be somehow distributed between miners. For instance, to park my coin I would have to send a signed message on the blockchain saying that I will keep a certain amount of MNX on my wallet for 7 days and I would claim my reward after this delay by sending an other message, then my reward would be send to me in the next block. The algorithm to choose the next parking rates would also need to be distributed among miners... Until the emergence of such a coin, I stay on board with minexcoin!...

the parking percentage depends on the price value.. if ever minexcoin price becomes really high
the interest rate becomes very low..

[mpy]

the parking percentage depends on the price value.. if ever minexcoin price becomes really high
the interest rate becomes really low..

Yes I understand that, my worst case scenario is "what if the price is really high and starts going down". Those in control of minexbank could use their "power" (their influence on the market through the interest rates) to somehow control the market and make the highest profit possible. How can we differenciate a legit change of interest rates that aims at keeping the volatility low, and a change that would mainly benefit the MNX creators by market control?
The "only blackbox" in the minex ecosystem is the algorithm that is(or will be) used to decide the interest rate. And any blackbox can be used fraudulently, no?

Maybe some safeguard were given in the white paper and I missed them?


EDIT:
I should be more accurate about my worst case scenario. When I speak of a high value that starts going down, I imply that the price is going down for a legit reason (a flaw in the code, many exchanges that, for no reason, decide not to trade MNX anymore, anything that would hurt MNX in the long term so that we are in a position where almost all MNX holders will want to sell and limit damages). What I fear is that those behind Minexbank use interest rates to delay (for one day? one week?) the moment where many will sell their MNX on a trading platform. The minex creators would have a significant advantage as they would be the first ones to sell their own MNX before the price goes down significantly.
Such a scenario is highly unlikely, I just wonder whether some safeguards were put in place to ensure minexbank will only be used for its purpose and not fraudulently, just that.

[Rennsemmal]

Hmm seems that suprnova Pool is down.
Or can anyone else her on the mnx site?

[tomsmith26]

Minexcoin Info:
Hashrate: 47.31 MSol/s Difficulty: 2.4116355619992

MinexBank Rates:
Daily: 0.89% Weekly: 4.5% Monthly: 13.9% Yearly: 70%

Price of MNX: $18.76

It's quite cheap for me to buy some MNX coins to park on minexbank platform .
it's running smoothly and I will not sell this coin if it can not hit 50$ again .
I think Parking MNX coins is a good choice at this time with daily plan or weekly plan .

[TeMHuK]

the parking percentage depends on the price value.. if ever minexcoin price becomes really high
the interest rate becomes really low..

Yes I understand that, my worst case scenario is "what if the price if really high and starts going down". Those in control of minexbank could use their "power" (their influence on the market through the interest rates) to somehow control the market and make the highest profit possible. How can we differenciate a legit change of interest rates that aims at keeping the volatility low, and a change that would mainly benefit the MNX creators by market control?
The "only blackbox" in the minex ecosystem is the algorithm that is(or will be) used to decide the interest rate. And any blackbox can be used fraudulently, no?

Maybe some safeguard were given in the white paper and I missed them?

The best safeguard is time and reputation of the company(like for any other company or goverment in the world). In few years MinexSystems will be big corporation, and bank is just first step in this long road.

[00DKM@]

Please let me know how to setup mxminer on Windows vps? It really does not work for me. Can you PM me?

[TeMHuK]

Please let me know how to setup mxminer on Windows vps? It really does not work for me. Can you PM me?

ask here mate https://web.telegram.org/#/im?p=@mxpool