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Author Topic: [ANN] Minereum - First Self Mining Smart Contract  (Read 434308 times)
bontol72
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August 25, 2017, 08:12:01 PM
 #5961

Even if all existing coins are invested on the first day (this is not realistic), this will give a mine about 4,500 coins a day (135k per month).   all the coins participating in ICO will be burnt
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August 25, 2017, 08:20:26 PM
 #5962

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.

thats actually a good idea. There should be some ART set aside for liquidity for the market to set up itself.
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August 25, 2017, 08:40:42 PM
 #5963

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.

Yeah man if they let you buy ART in bulk, I know what I'm doing with my MNE. Hopefully the price of MNE jumps before the ICO, to give us some insurance.
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August 25, 2017, 08:42:37 PM
 #5964

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.

Yeah man if they let you buy ART in bulk, I know what I'm doing with my MNE. Hopefully the price of MNE jumps before the ICO, to give us some insurance.

Either way I firmly believe in MNE as a coin, because it's still possible to buy and sell hundreds of them. My guess is we'll see a new ATH before the end of september, probably around 15-20$.

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August 25, 2017, 11:00:54 PM
 #5965

now MNE is slowly going back, price is falling:/ of course when will be announced exact date of ICO there will be pump and till the ICO end price will be good, but i dont know what will hapenns after ICO ends, hope that there will no be the same as it was a month ago, when price was falling till 1 usd
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August 25, 2017, 11:06:20 PM
 #5966

It should be able to hold it's price well once all the MNE coins will be burned...
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August 26, 2017, 12:09:05 AM
 #5967

Hopefully we will see the official ANN thread for artemine soon with all the details why ART is worth investing in. This will then also give MNE another push as more people will want to be in at the ICO.
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August 26, 2017, 12:51:51 AM
 #5968

Hopefully we will see the official ANN thread for artemine soon with all the details why ART is worth investing in. This will then also give MNE another push as more people will want to be in at the ICO.

Agree with you. Need a separate topic
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August 26, 2017, 05:32:03 AM
 #5969

HI @minereum

I have prepared Logo Reveal video and Promo Video for ARTEMINE, and sent PM.  Please check and respond to it.


We are eagerly waiting to see these Artemine videos, can you share them here, Please?
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August 26, 2017, 06:44:49 AM
 #5970

I found one on youtube https://www.youtube.com/watch?v=hdSOw_2kUSc
I think thats hes video

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August 26, 2017, 09:01:06 AM
 #5971


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.

That still doesn't change anything. Would you buy bitcoin now at 4000$, if you knew you could only cash out in 5 years, let alone 60? I can assure you, if we can only buy genesis addresses, this coin will be worthless within 1 year.

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August 26, 2017, 09:45:52 AM
 #5972

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.
well I think buying bulk artemine can be done by genesis address selling, but having some on exchanges, you definitely can't. Worth a try, who knows what will happen in those 60 years, investing in one address will not hurt you I guess.

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August 26, 2017, 10:00:59 AM
 #5973

To me, I have to buy 5 blocks of artemine to by using my minereum, do you think it's okay? Because I can see artemine helping even with him for 60 years. Even though my grandchild did manage it.

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August 26, 2017, 10:14:17 AM
 #5974


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.

That still doesn't change anything. Would you buy bitcoin now at 4000$, if you knew you could only cash out in 5 years, let alone 60? I can assure you, if we can only buy genesis addresses, this coin will be worthless within 1 year.

I have already posted a few suggestions in this thread. The mining algorythm should be more than just a linear formula. That's old news and only worked because MNE was airdropped. 60 years is ridiciulous.
Why not let smaller accounts mine faster? As a compensation bigger accounts would generate more than you paid for initially. This way you could strategically buy Artemine in the ICO and decide whether you want the ART fast or get more of them later.
Another idea would be to use MNE as "mining rigs" or catalysator. You send MNE from an ART genesis address to a burn address and the mining process of the genesis address will be accelerated for x amount of time. This would give MNE a nice place in the ecosystem. There are many more possibilities.
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August 26, 2017, 10:32:50 AM
 #5975


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.

That still doesn't change anything. Would you buy bitcoin now at 4000$, if you knew you could only cash out in 5 years, let alone 60? I can assure you, if we can only buy genesis addresses, this coin will be worthless within 1 year.

I have already posted a few suggestions in this thread. The mining algorythm should be more than just a linear formula. That's old news and only worked because MNE was airdropped. 60 years is ridiciulous.
Why not let smaller accounts mine faster? As a compensation bigger accounts would generate more than you paid for initially. This way you could strategically buy Artemine in the ICO and decide whether you want the ART fast or get more of them later.
Another idea would be to use MNE as "mining rigs" or catalysator. You send MNE from an ART genesis address to a burn address and the mining process of the genesis address will be accelerated for x amount of time. This would give MNE a nice place in the ecosystem. There are many more possibilities.

Those are some interesting ideas, i'm curious for the devs thoughts on them; hopefully there's still room for change and adaptation in the art algorytm

imusify
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August 26, 2017, 11:24:04 AM
 #5976

Still hoping the price of mne would go up. Looks yeah when the ico of it comes up the price of mne would go up too. I'll be waiting for that day. Still hodl for now.
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August 26, 2017, 11:48:31 AM
 #5977

Still hoping the price of mne would go up. Looks yeah when the ico of it comes up the price of mne would go up too. I'll be waiting for that day. Still hodl for now.

There were lot of selling orders who bought cheaper in last few weeks. This is the reason investors also want to buy cheaper and this situation will keep going on until the official date for the launch is announced. Once we have hard dates interest in buying will retrurn once again with more strength. Everyone want to get more Art tokens by investing more MNE on day 1st.
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August 26, 2017, 03:14:43 PM
 #5978

i hope mne and artmine will go on bittrex soon, more volumn more value  Grin
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August 26, 2017, 03:35:32 PM
 #5979

volume is dead now

No buys or sells on livecoin.
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August 26, 2017, 05:20:08 PM
 #5980

volume is dead now

No buys or sells on livecoin.

Of course there are. Just the Updates towards coinmarketcap are broken since the livecoin maintenance.
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