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Author Topic: Minexcoin - A new era of payments  (Read 640012 times)
bozicso
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April 30, 2018, 02:31:40 PM
 #17281

I can explain today's decline. We announced it during the weekend. A group of people from the Balkans emerges from the MNX, meaning not to dump the price but to leave the project. As we have said, we are not a small group of people who have been investing and mining here since begining. If you think we are stupid because we lose money, I must disappoint you. As I have said we have been here since the beginning and all the more than $5 is profitable sell for us, Of course we will not sell all at once, but by 10.06. to end some parking lots. If it is better to have new customers, it will help us to sell rest at a higher price. So expect that we did not finish a third of work and cap will continue to drop.

The reason why we go, knows the support team because all the credit goes to them. Everything was mentioned the previous weekend in the Telegram and can not be changed anymore.

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ChinkyEyes
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April 30, 2018, 03:18:06 PM
 #17282

Haven't been here in a while, because I sold my MNX stash at 320k sat around 3-4 april. Went into fiat and bought BTC with it around 7-8k usd. MNX has been really profitable for me, because I was ICO investor and bought cheap in November. But at the moment I can buy back into Minex with my BTC profits and 2-3x my original stack. So over the last month Minex has not been profitable at all even with parking I could not of doubled/tripled my stack. Exiting Minex was a good decision for me.

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revenant2017
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April 30, 2018, 03:29:54 PM
 #17283

It will be a good feature to have for accounting purposes.
this should be implemented.
Thanks for your opinion, we will think about it.
I also want this feature with the MinexBank app. It would be convenient for everyone to see those statistics automatically.
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April 30, 2018, 03:56:56 PM
 #17284

It will be a good feature to have for accounting purposes.
this should be implemented.
Thanks for your opinion, we will think about it.
I also want this feature with the MinexBank app. It would be convenient for everyone to see those statistics automatically.
Here's a nice example of a Crypto.fund how could something look like .... just with Minexcoin
that is a very good example
https://taas.fund/audit/
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April 30, 2018, 04:23:14 PM
 #17285

if you look at the top 100 minexholders, the 100th place has about 2263 mine coins, 2 weeks ago a top 100 holder had 2000 coins coins which is very positive

https://bchain.info/MNX/rich/
After the announcement last week, i monitor all address everyday. Most of the top coin holders are still holding their coin. So not that much of an impact if we look at the future outcome. The interview by CR will clarify all the things in the announcement.
MineCoin.org
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April 30, 2018, 05:43:20 PM
 #17286

Minexcoin Info:
Hashrate: 104.45 MSol/s Difficulty: 7.2712016906224

MinexBank Rates:
Daily: 0.268% Weekly: 2.89% Monthly: 13.85% Yearly: 70.4% Quarterly: 23.7% Half yearly: 44.8%

Price of MNX: $14,44

| Minexcoin | Trade. Park. Earn.
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aikklond
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April 30, 2018, 10:11:55 PM
 #17287

what is the reason for this fall, friends? I have mnx. I'm doing parking. should I sell them all? shouldn't the parking rate decrease as the price drops? it's just a price drop. Sad


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MineCoin.org
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April 30, 2018, 10:27:06 PM
 #17288

what is the reason for this fall, friends? I have mnx. I'm doing parking. should I sell them all? shouldn't the parking rate decrease as the price drops? it's just a price drop. Sad
No one can know for sure, someone is selling coins for cheap, others buying. It won't last forever. It's for you to decide.

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Galabau24
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April 30, 2018, 10:36:21 PM
 #17289

what is the reason for this fall, friends? I have mnx. I'm doing parking. should I sell them all? shouldn't the parking rate decrease as the price drops? it's just a price drop. Sad

the parking rates will applay per May 10,
Daily 0.19%
Weekly 1.34%
Monthly 5.83%
Quarterly 17.5%
Half yearly 35%
Annual 70%
maybe that, many minex owners seem to be skeptical for this project would have been better first to install the minexexchange and then reduce the parking fees, I'm looking forward to the April report, as we may have lost some Minexbank users .... we must now wait for news ....
snovik
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April 30, 2018, 10:43:37 PM
 #17290

it is that people dont believe in the future of MNX anymore. Well, there some serious questions to answer.. And the feeling is that the marketers here do a poor job of explaining.

So fastforward 2-3 months and maybe you are super happy

Or this thing is gone alltogether
snovik
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April 30, 2018, 10:48:23 PM
 #17291

what is the reason for this fall, friends? I have mnx. I'm doing parking. should I sell them all? shouldn't the parking rate decrease as the price drops? it's just a price drop. Sad

the parking rates will applay per May 10,
Daily 0.19%
Weekly 1.34%
Monthly 5.83%
Quarterly 17.5%
Half yearly 35%
Annual 70%
maybe that, many minex owners seem to be skeptical for this project would have been better first to install the minexexchange and then reduce the parking fees, I'm looking forward to the April report, as we may have lost some Minexbank users .... we must now wait for news ....


well, believe it or not but... the temnuk guy (sorry about your nickname, if wrong. not on purpose) is not doing a very good job saying that crypto people don't have any economic education and therefore don't understand the basic things.

the things is that 0.19% daily means pretty much 100% annual. Which is a direct contradiction of the stated goal of 70%.

Honestly, the longer I am into it, the more skeptical i become.

And no answers. Maybe, given all promises, it will moon but does not look so atm
MineCoin.org
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April 30, 2018, 10:54:16 PM
 #17292

well, believe it or not but... the temnuk guy (sorry about your nickname, if wrong. not on purpose) is not doing a very good job saying that crypto people don't have any economic education and therefore don't understand the basic things.

the things is that 0.19% daily means pretty much 100% annual. Which is a direct contradiction of the stated goal of 70%.

Honestly, the longer I am into it, the more skeptical i become.

And no answers. Maybe, given all promises, it will moon but does not look so atm
Parking rates doesn't depend on each other, don't search for logic here. MinexBank changes rates depending on market situation.
Still there were no one unanswered question. Yes, some things need clarification, but we are making updates sometimes, also some questions need time to answer, because support agents sometimes need to clarify things with devs, that's taking time.

| Minexcoin | Trade. Park. Earn.
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snovik
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April 30, 2018, 10:58:20 PM
 #17293

well, believe it or not but... the temnuk guy (sorry about your nickname, if wrong. not on purpose) is not doing a very good job saying that crypto people don't have any economic education and therefore don't understand the basic things.

the things is that 0.19% daily means pretty much 100% annual. Which is a direct contradiction of the stated goal of 70%.

Honestly, the longer I am into it, the more skeptical i become.

And no answers. Maybe, given all promises, it will moon but does not look so atm
Parking rates doesn't depend on each other, don't search for logic here. MinexBank changes rates depending on market situation.
Still there were no one unanswered question. Yes, some things need clarification, but we are making updates sometimes, also some questions need time to answer, because support agents sometimes need to clarify things with devs, that's taking time.

Dear MineCoin.org

I am in the finance business (asset-liability management of a major european bank) for over 15 years. Please stop this minex bank thing. It just does not work like this. If you managed to find a super-duper algo which makes money, then you would have been making it outside of this thread. There is no algo.

Thank you
Really bored one
sweatyfrominvesting
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April 30, 2018, 10:58:44 PM
 #17294

It's only been 6 months since Minexcoin's creation, Bitcoin has been around for almost 10 years and it's still in development, things don't just happen overnight. When the Minex platform is created then we can see some more uses for the coin. Currently it's good for a passive income, it's still way better interest than most banks offer. As for the current price my guess is people got bored of waiting and they wanted to move their money into other projects while the entire crypto market cap doubled in the past month, basically all the people who wanted to make a quick buck left the project and now were left with the long term holders. I'm not too concerned with the current price since this is a long term investment for me.
snovik
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April 30, 2018, 11:02:16 PM
 #17295

It's only been 6 months since Minexcoin's creation, Bitcoin has been around for almost 10 years and it's still in development, things don't just happen overnight. When the Minex platform is created then we can see some more uses for the coin. Currently it's good for a passive income, it's still way better interest than most banks offer. As for the current price my guess is people got bored of waiting and they wanted to move their money into other projects while the entire crypto market cap doubled in the past month, basically all the people who wanted to make a quick buck left the project and now were left with the long term holders. I'm not too concerned with the current price since this is a long term investment for me.

fine. but I would appreciate if minex marketing people stopped bullsh&tting about some non existant algo (or it is so primitive that needs constant override by some experts and occasional override by the CEO)

This coin has big promises but fails to deliver on its major one (stability) by a veeery long mile
sweatyfrominvesting
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April 30, 2018, 11:07:22 PM
 #17296


Dear MineCoin.org

I am in the finance business (asset-liability management of a major european bank) for over 15 years. Please stop this minex bank thing. It just does not work like this. If you managed to find a super-duper algo which makes money, then you would have been making it outside of this thread. There is no algo.

Thank you
Really bored one

Minexcon has never claimed to create a trading bot like Bitconnect did, this coin is self regulating, it relies on the source code being extensively modified to limit the inputs and outputs of wallets at either the exchange level, or global wallet level (i.e. the Minex platform), and to control inflation it uses interest from a massive premined reserve which is constantly being refilled via miner tax.

Currently one of these systems has been implemented and we are just waiting on the other one. If you read the whitepaper you would know.
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April 30, 2018, 11:09:30 PM
 #17297

Dear MineCoin.org

I am in the finance business (asset-liability management of a major european bank) for over 15 years. Please stop this minex bank thing. It just does not work like this. If you managed to find a super-duper algo which makes money, then you would have been making it outside of this thread. There is no algo.

Thank you
Really bored one
Hello!

Our algho it's not making money, it just trying to keep the price in corridor with instruments, which are working with fiat money.
Please, don't spread false info.

| Minexcoin | Trade. Park. Earn.
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snovik
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April 30, 2018, 11:17:17 PM
 #17298

oh cmon guys... just dont make it worse

what trading bot? do you really understand how fiat money works? you spill a bunch of concepts and i dont know where to start...

please stop mixing fiat money and crypto. in fiat money, the agent creates money as much as he wants. do you want a billion USD? here we go, It can be a trillion or whatever zillion but other constraints kick in

obviously crypto is not like this.

what exactly are you doing to ensure the stability? interest rates are not going to cut it. Which is exactly what your CEO just said. Have you actually read a "whitepaper" of SDR?

Guys, I am really on the border saying you have no clue what your are talking about. Please provide answers.
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April 30, 2018, 11:39:07 PM
 #17299

oh cmon guys... just dont make it worse

what trading bot? do you really understand how fiat money works? you spill a bunch of concepts and i dont know where to start...

please stop mixing fiat money and crypto. in fiat money, the agent creates money as much as he wants. do you want a billion USD? here we go, It can be a trillion or whatever zillion but other constraints kick in

obviously crypto is not like this.

what exactly are you doing to ensure the stability? interest rates are not going to cut it. Which is exactly what your CEO just said. Have you actually read a "whitepaper" of SDR?

Guys, I am really on the border saying you have no clue what your are talking about. Please provide answers.

Answers to what? Interest rates are working, check the price changes after rates updates in past. Yes, they can't prevent all dumps or pumps, and there is nothing strange in it, because no one have given any guarantees that it will always work stable. You are just complaining that all is a lie and nothing works, it's your opinion and I don't know in which way I can change it.

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flipflop.0
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April 30, 2018, 11:45:31 PM
 #17300

Hello!

Our algho it's not making money, it just trying to keep the price in corridor with instruments, which are working with fiat money.
Please, don't spread false info.

From what I've read in the thread and telegram, minex and the implemented algo are interesting and I really like the ideas of Minexcoin and -Bank. However, 1) 5% a day is still quite big for a coin which aims to be somewhat a stable coin, 2) being an algo and interfering (only in emergency cases) in the markets - it sounds to me like a bet on human rationality, which is... well... you know. 3) Aiming for stability towards fiat instead of btc or the crypto top 10 in times when investments in crypto get somewhat shuffled, I personally see the possibility of huge fluctuations, it will be at least interesting to see how the price develops with that and your algo adjusts to it, keeping the 5% in mind. Apart from that, thumbs up for your progress so far. Permanent development, constant progress on the roadmap, I like the Minexbank app and lately lightning transactions with btc and ltc (which I very much miss just the mention of it from newer coins), I am looking forward to hear more and keep parking a few mnx. I would like to hear more about your plans for Q3 and Q4 especially for mining, but that is still 'far' away, so keep up the good work  Smiley
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