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Author Topic: [ANN] Minereum - First Self Mining Smart Contract  (Read 434323 times)
MiBambino
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August 25, 2017, 09:52:04 AM
 #5941


that's great news!! Question, let's say I buy 10.000 ART at the ICO. Do I end up with 10.000 coins, or will I get a genesis adress that mines 10.000 coins over the period of 60 years?

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August 25, 2017, 09:58:43 AM
 #5942

In addition, Artemine Smart Contract function SetGenesisBuyPrice allows Genesis Holders to set an ETH price to their Address, Genesis Holders will be able to set their Addresses for sale by defining the buy price with any value >= 0 ETH. This ensures that  each sale will be done automatically. Finally, Artemine Smart Contract function PublicMining will allow anyone to mine coins.
http://www.coinnewsasia.com/minereum-team-plans-to-launch-ico-for-artemine-minereum-token-v-2-0/
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August 25, 2017, 11:33:40 AM
 #5943


that's great news!! Question, let's say I buy 10.000 ART at the ICO. Do I end up with 10.000 coins, or will I get a genesis adress that mines 10.000 coins over the period of 60 years?

You will get a Genesis address that mines 10.000 coins over the period of 60 years.
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August 25, 2017, 11:55:24 AM
Last edit: August 25, 2017, 12:14:50 PM by MiBambino
 #5944


that's great news!! Question, let's say I buy 10.000 ART at the ICO. Do I end up with 10.000 coins, or will I get a genesis adress that mines 10.000 coins over the period of 60 years?

You will get a Genesis address that mines 10.000 coins over the period of 60 years.

I can't believe anyone in their right mind would choose an investment that takes 60 years, in a market that's barely 10 years old. if there's no way to buy ART in bulk up front, like any other coin, what's the purpose of investing? Ask yourself, would you rather get 20K ART now, each valued at 1$, or 1ART a day over the next 20.000 days, with no guarantees that ART will even be worth 0.01$ within 1 year?

imusify
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August 25, 2017, 11:55:41 AM
 #5945


This is very good news  Smiley
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August 25, 2017, 12:28:01 PM
 #5946

How good that now the price has fallen to a level below 100 К, I just managed to sell my tokens early at a price of 120 К.
But now we need to wait for the moon Wink
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August 25, 2017, 12:57:07 PM
 #5947

I'm eagerly waiting for the Artemine ANN thread. People should have time to buy MNE. Don't be like these newbie scammers that open threads that their ICO will be starting in 5 minutes and that you need to hurry in order to get a bonus.
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August 25, 2017, 01:01:16 PM
 #5948


that's great news!! Question, let's say I buy 10.000 ART at the ICO. Do I end up with 10.000 coins, or will I get a genesis adress that mines 10.000 coins over the period of 60 years?

You will get a Genesis address that mines 10.000 coins over the period of 60 years.

I can't believe anyone in their right mind would choose an investment that takes 60 years, in a market that's barely 10 years old. if there's no way to buy ART in bulk up front, like any other coin, what's the purpose of investing? Ask yourself, would you rather get 20K ART now, each valued at 1$, or 1ART a day over the next 20.000 days, with no guarantees that ART will even be worth 0.01$ within 1 year?

It's not important 1, 10 or 60 year. All investors are in the same conditions.
For example if we have 1 million tokens, 1 year and price 1$ after 1 month (total tokens 83k, market cap is 83k $),
then for 10 years period after 1 month we will have 10$ price (total tokens 8.3k, but market cap sure will be same 83k $ and price 10$ case in this case it's a rare token and low supply).
Just simple math.

Difference is only speed of price change cause inflation.

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August 25, 2017, 01:13:16 PM
 #5949

Thiss coin hhas a lot of potential and hhas an active community. really excited hhere.

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August 25, 2017, 01:28:18 PM
 #5950


thanks for the share, good advertising for minereum.
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August 25, 2017, 01:55:51 PM
 #5951


that's great news!! Question, let's say I buy 10.000 ART at the ICO. Do I end up with 10.000 coins, or will I get a genesis adress that mines 10.000 coins over the period of 60 years?

You will get a Genesis address that mines 10.000 coins over the period of 60 years.

I can't believe anyone in their right mind would choose an investment that takes 60 years, in a market that's barely 10 years old. if there's no way to buy ART in bulk up front, like any other coin, what's the purpose of investing? Ask yourself, would you rather get 20K ART now, each valued at 1$, or 1ART a day over the next 20.000 days, with no guarantees that ART will even be worth 0.01$ within 1 year?

You make an interesting point, but don't forget that the Dev is planning to have a market to sell genesis addresses. So in essence, you could cash out any time before those 60 years.

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August 25, 2017, 02:20:50 PM
 #5952

I'm eagerly waiting for the Artemine ANN thread. People should have time to buy MNE. Don't be like these newbie scammers that open threads that their ICO will be starting in 5 minutes and that you need to hurry in order to get a bonus.

Yes at the moment there are only a few explanations on white paper http://artemine.org/ArtemineWhitepaperDraft0.1.pdf
This seems to be incomplete so we need more information. I have some MNE and want to swap with Artemine.


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August 25, 2017, 03:47:19 PM
 #5953

When will the exact start date be known ICO?

I think will start at 1st September. If i buy with MNE in first day i will get 1000 ART or is need to wait 60 years to mine it?

You will receive about 1.3888 coins monthly (daily about 0.0463 coins). 60 years
 

I thought i will receive 1000 ART token and with this 1000 token will mine every month. Will be the price of 1 ART token at least 30$ ?

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August 25, 2017, 03:55:55 PM
 #5954

I thought i will receive 1000 ART token and with this 1000 token will mine every month. Will be the price of 1 ART token at least 30$ ?

It is going to at least the moon, or toward far far away 100$ 1000$ who knows  Cool Wink By 2022: 1 BTC = 1 ART!
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August 25, 2017, 04:31:28 PM
 #5955


That is a great news, minereum will be very expencive soon! Do you know when ICO start?

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August 25, 2017, 04:48:27 PM
 #5956

I hope everybody has loaded themselves with those MNEs before the ART ANN is going up.  Wink
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August 25, 2017, 05:11:06 PM
 #5957


You make an interesting point, but don't forget that the Dev is planning to have a market to sell genesis addresses. So in essence, you could cash out any time before those 60 years.

To play devil's advocate: how much would an investor be willing to pay for the generic address, when the maturity date for the investment is sixity years? Even if your believe (as most of us do) that crypto currency is the way of the future, is ART going to be relevant for 60 years into the future? It's difficult to say yes with any certainty. Even now there are hundreds of other alt-coins flooding the market. Who would want to commit that long and buy the generic address at a high a price?







It's not important 1, 10 or 60 year. All investors are in the same conditions.
For example if we have 1 million tokens, 1 year and price 1$ after 1 month (total tokens 83k, market cap is 83k $),
then for 10 years period after 1 month we will have 10$ price (total tokens 8.3k, but market cap sure will be same 83k $ and price 10$ case in this case it's a rare token and low supply).
Just simple math.

Difference is only speed of price change cause inflation.


The real question in regards to supply is whether they decide to increase the algorithm difficulty as time goes on. It would be a much more ideal situation for the investors if you got ART mined at a decreased rate every month (such as bitcoin), that way you get more ART at the beginning when it is more valuable rather than the end when most people probably have moved on.  This also makes the coin more scarce (increasing the coins value) as time goes on. A major reason for Bitcoins rise in price was the increasing algorithm difficulty along with a relatively small (21 million) maximum cap on total circulation. If we get the same amount of ART every month we mine it, it's bad news bears for those who bought at the ICO.
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August 25, 2017, 06:20:35 PM
 #5958


You make an interesting point, but don't forget that the Dev is planning to have a market to sell genesis addresses. So in essence, you could cash out any time before those 60 years.

To play devil's advocate: how much would an investor be willing to pay for the generic address, when the maturity date for the investment is sixity years? Even if your believe (as most of us do) that crypto currency is the way of the future, is ART going to be relevant for 60 years into the future? It's difficult to say yes with any certainty. Even now there are hundreds of other alt-coins flooding the market. Who would want to commit that long and buy the generic address at a high a price?







It's not important 1, 10 or 60 year. All investors are in the same conditions.
For example if we have 1 million tokens, 1 year and price 1$ after 1 month (total tokens 83k, market cap is 83k $),
then for 10 years period after 1 month we will have 10$ price (total tokens 8.3k, but market cap sure will be same 83k $ and price 10$ case in this case it's a rare token and low supply).
Just simple math.

Difference is only speed of price change cause inflation.


The real question in regards to supply is whether they decide to increase the algorithm difficulty as time goes on. It would be a much more ideal situation for the investors if you got ART mined at a decreased rate every month (such as bitcoin), that way you get more ART at the beginning when it is more valuable rather than the end when most people probably have moved on.  This also makes the coin more scarce (increasing the coins value) as time goes on. A major reason for Bitcoins rise in price was the increasing algorithm difficulty along with a relatively small (21 million) maximum cap on total circulation. If we get the same amount of ART every month we mine it, it's bad news bears for those who bought at the ICO.

It seems this wil be an fonctionality of art..yu can check this in wp.

Shop Crypto-monnaies-Service entiercement : https://bitcointalk.org/index.php?topic=1585136.0
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August 25, 2017, 06:56:16 PM
 #5959


You make an interesting point, but don't forget that the Dev is planning to have a market to sell genesis addresses. So in essence, you could cash out any time before those 60 years.

To play devil's advocate: how much would an investor be willing to pay for the generic address, when the maturity date for the investment is sixity years? Even if your believe (as most of us do) that crypto currency is the way of the future, is ART going to be relevant for 60 years into the future? It's difficult to say yes with any certainty. Even now there are hundreds of other alt-coins flooding the market. Who would want to commit that long and buy the generic address at a high a price?







It's not important 1, 10 or 60 year. All investors are in the same conditions.
For example if we have 1 million tokens, 1 year and price 1$ after 1 month (total tokens 83k, market cap is 83k $),
then for 10 years period after 1 month we will have 10$ price (total tokens 8.3k, but market cap sure will be same 83k $ and price 10$ case in this case it's a rare token and low supply).
Just simple math.

Difference is only speed of price change cause inflation.


The real question in regards to supply is whether they decide to increase the algorithm difficulty as time goes on. It would be a much more ideal situation for the investors if you got ART mined at a decreased rate every month (such as bitcoin), that way you get more ART at the beginning when it is more valuable rather than the end when most people probably have moved on.  This also makes the coin more scarce (increasing the coins value) as time goes on. A major reason for Bitcoins rise in price was the increasing algorithm difficulty along with a relatively small (21 million) maximum cap on total circulation. If we get the same amount of ART every month we mine it, it's bad news bears for those who bought at the ICO.

It seems this wil be an fonctionality of art..yu can check this in wp.

I'll check it out. Thanks.
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August 25, 2017, 07:46:08 PM
 #5960

Even if the increased mining difficulty would ensure you'd get 20 ART a day in the first years, there's still not al lot of incentive to invest IMO, as we hardly have any idea about the price per coin, and the exchanges it will be listed on. The great thing about the cryptomarket is that prices can climb with 1000% in a matter of weeks, yet with a genesis address and a fixed mining amount, that advantage becomes worthless. Hopefully, we'll be able to buy ART in bulk up front like minereum, otherwise it'd take years for an investor to break even, let alone make a profit from buying a genesis address.

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