Minexcoin - A new era of payments

[TeMHuK]

Its pretty easy to manipulate with the coin atm, but I'm wondering what will happen once MNX hits bigger exchange.

It will get more volume and thus harder to manipulate

and it is good, because MNX should be coin with low volatility.

[1715533762]

1715533762

[younglord33]

I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.

[vitocorp]

"Hello, community! At the start of the winter, we decided present to you two mid-months retrospectives instead our traditional weekly reports. We’ve taken such decision because MNX had overcome the tensest period when all of us had to keep fingers on the market’s pulse and entered in a cool-down phase before Holidays (at least for now). In this report, as always, you will find out about exchange progress, project’s upgrades, and our plans to the nearest future."

Seen at: https://medium.com/minecoin-blog/mnx-report-mid-december-balance-fd1cb1a4db78

[Kimu]

I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.

You are absolutely right

[qiwoman2]

Hello MINEXCOIN, I  requested my MINEX bounty from the withdrawal tab inside my account to my livecoin address a while back but haven't received any of my coins. Is there a way to cancel the withdrawal and download the wallet and re request it or will you send me the coins soon? I would love to start parking my coins to earn roi before the new year comes in, hope they can bring me luck. Please advise me what is happening and when I will receive my coins, thank you.

[TeMHuK]

Hello MINEXCOIN, I  requested my MINEX bounty from the withdrawal tab inside my account to my livecoin address a while back but haven't received any of my coins. Is there a way to cancel the withdrawal and download the wallet and re request it or will you send me the coins soon? I would love to start parking my coins to earn roi before the new year comes in, hope they can bring me luck. Please advise me what is happening and when I will receive my coins, thank you.

devs will give you an answer at morning. Now they have 17 minutes past midnight

[laurenB7742]

I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.

I understand your logic but I don't agree with you because I am not buying altcoins with fiat but I am buying them with bitcoins. So I'm actually risking bitcoins, not dollars, so profit should be measured in bitcoins. Because if you didn't make that investment, you would have kept bitcoins and they would be worth more so you made a loss with that investment.

[younglord33]

I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.

I understand your logic but I don't agree with you because I am not buying altcoins with fiat but I am buying them with bitcoins. So I'm actually risking bitcoins, not dollars, so profit should be measured in bitcoins. Because if you didn't make that investment, you would have kept bitcoins and they would be worth more so you made a loss with that investment.

Eh, i dont really buy that. Unless you're holding your money in bitcoin its just an intermediary to your actual investment. I wouldn't be buying bitcoins unless i was investing in altcoins - why does it matter whether you buy in fiat or bitcoin? If you buy minex in fiat you just as easily could've bought bitcoin or done anything else with that fiat to gain more/less. Faulty logic imo

[xYuyan]

I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.

it's not entirely a false comparison, since you literally are forced to buy mnx in btc or some other crypto XD

I would gladly have bought mnx with my debit card directly if I could. (and I'm sure many others would have as well)



the logic is basically this


if I buy 0.01 bitcoin at 10,000 each (100 dollars worth), and then I buy 5 MNX with that (at 0.002 each)


then price of MNX drops to 0.0015, but bitcoin rises to 30,000 each, I still made profit, but I would have made 25% more if I just sat on bitcoin.


(225 investing in mnx vs just holding and getting 300)

don't get me wrong though, my portfolio is very happy with mnx thus far, even if its price in btc drops.

[cryptocurrencyguru]

Hello MINEXCOIN, I  requested my MINEX bounty from the withdrawal tab inside my account to my livecoin address a while back but haven't received any of my coins. Is there a way to cancel the withdrawal and download the wallet and re request it or will you send me the coins soon? I would love to start parking my coins to earn roi before the new year comes in, hope they can bring me luck. Please advise me what is happening and when I will receive my coins, thank you.

Don't worry manager is very active and he will answer you question once he comes to online. I think once the transaction is sent it should be confirm manually by the team I think. I am not clear about it but wait until dev addressed to your questions.

[Rennsemmal]

So Why the algo doesnt rise the rates ? As you see on the pic the price lost over 12% in one day and thats no spike. As the Price rised yesterday the rates dropped from 4.5 to 3.7 Weekly. And when the Price dumps. The rates stay low. It seems that the algo only knows one way for regulation, to decrease the rates.

https://picload.org/view/ddgggaor/screenshot_20171216-073212.png.html

I would be surprised if the rates rise in the same height as they drop.

[jorenpo]

I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.

it's not entirely a false comparison, since you literally are forced to buy mnx in btc or some other crypto XD

I would gladly have bought mnx with my debit card directly if I could. (and I'm sure many others would have as well)



the logic is basically this


if I buy 0.01 bitcoin at 10,000 each (100 dollars worth), and then I buy 5 MNX with that (at 0.002 each)


then price of MNX drops to 0.0015, but bitcoin rises to 30,000 each, I still made profit, but I would have made 25% more if I just sat on bitcoin.


(225 investing in mnx vs just holding and getting 300)

don't get me wrong though, my portfolio is very happy with mnx thus far, even if its price in btc drops.

but you are not a bitcoin hodlers. I did not know why people complain about the pricing. you still in a win even the btc price is lower than the ICO because the value in usd since you bought it is higher now. You are not a bitcoin hodler because you exchange your btc to altcoin

[s4mp1nt0]

the parking rate is dropping but the price is still the same.
hope that the parking rate will rise soon.  I would love to park my minex

[xYuyan]

I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.

it's not entirely a false comparison, since you literally are forced to buy mnx in btc or some other crypto XD

I would gladly have bought mnx with my debit card directly if I could. (and I'm sure many others would have as well)



the logic is basically this


if I buy 0.01 bitcoin at 10,000 each (100 dollars worth), and then I buy 5 MNX with that (at 0.002 each)


then price of MNX drops to 0.0015, but bitcoin rises to 30,000 each, I still made profit, but I would have made 25% more if I just sat on bitcoin.


(225 investing in mnx vs just holding and getting 300)

don't get me wrong though, my portfolio is very happy with mnx thus far, even if its price in btc drops.

but you are not a bitcoin hodlers. I did not know why people complain about the pricing. you still in a win even the btc price is lower than the ICO because the value in usd since you bought it is higher now. You are not a bitcoin hodler because you exchange your btc to altcoin

I'm definitely a bitcoin HODL'er, I just make more money (on average) by diversifying my portfolio LOL not that bitcoin is the only coin I hold, mnx is another one I hold, but that doesn't mean I wouldn't sell if mnx suddenly rose to 500 dollars or something XD

[sidik7]

mnx so far , i see price on market is still dump, i think it can profit with a minex parking on minexbank
to get  more profit for get minex. every day ,

[voteformeg]

i realy underestimated thisone , should have buyed loads more  of this one , if more exchanges coming more people will use parking , so , less coins on market , that will drive the price even higher

[MineCoin.org]

Hello MINEXCOIN, I  requested my MINEX bounty from the withdrawal tab inside my account to my livecoin address a while back but haven't received any of my coins. Is there a way to cancel the withdrawal and download the wallet and re request it or will you send me the coins soon? I would love to start parking my coins to earn roi before the new year comes in, hope they can bring me luck. Please advise me what is happening and when I will receive my coins, thank you.

Hello, qiwoman2

Confirmation of applications for the withdrawal of coins is manual, so coins will not appear on your MNXcore balance immediately.
All orders are processed from several days to a week, in the order of the current queue.

The fastest and easiest way to solve your problem is to write to he support email support@minexsystems.com .

[MineCoin.org]

So Why the algo doesnt rise the rates ? As you see on the pic the price lost over 12% in one day and thats no spike. As the Price rised yesterday the rates dropped from 4.5 to 3.7 Weekly. And when the Price dumps. The rates stay low. It seems that the algo only knows one way for regulation, to decrease the rates.

https://picload.org/view/ddgggaor/screenshot_20171216-073212.png.html

I would be surprised if the rates rise in the same height as they drop.

Hello, Rennsemmal

There will be a process of testing and debugging the algorithm of Minexbank's operation in real conditions (the development of a database and response tools). Therefore, deviations from the real macroeconomic parameters declared in the Memorandum are possible in first three months.

Check, please for more info:
https://minexbank.com/memorandum

[MineCoin.org]

Minexcoin Info:
Hashrate: 50.32 MSol/s Difficulty: 2.0161622643754

MinexBank Rates:
Daily: 0.43% Weekly: 3.7% Monthly: 14.2% Yearly: 70%

Price of MNX: $33.88

[Rennsemmal]

So Why the algo doesnt rise the rates ? As you see on the pic the price lost over 12% in one day and thats no spike. As the Price rised yesterday the rates dropped from 4.5 to 3.7 Weekly. And when the Price dumps. The rates stay low. It seems that the algo only knows one way for regulation, to decrease the rates.

https://picload.org/view/ddgggaor/screenshot_20171216-073212.png.html

I would be surprised if the rates rise in the same height as they drop.

Hello, Rennsemmal

There will be a process of testing and debugging the algorithm of Minexbank's operation in real conditions (the development of a database and response tools). Therefore, deviations from the real macroeconomic parameters declared in the Memorandum are possible in first three months.

Check, please for more info:
https://minexbank.com/memorandum

Ok, thx but i dont understand when the Price jumps 5% or more in 24h the algo decreases the rates (and 0.8% is not a small one) but if the price drops 5% or more in 24h the rates stay low and doesnt increase. If the algo is programmed correctly shouldnt he react the same?