[ANN] Minereum - First Self Mining Smart Contract

[David0203]

very smart move by dev this is great for mne everybody has to buy mne to get the new genessis adress

[Tonton99]

the price dump and dump , my faith was harmed 

Maybe you should stop Trading cryptocurrency because ethereum, the second largest market cap coin, literally dropped 50% in the past few weeks you act like mne is the only coin suffering from a pullback. By the way it's cheap now. Looks like all the people fudding mne really completed their goal they got cheap coins from the people who fell for the BS.

Also this new coin, and its very existence,  is going to be tied to. That means that this coin including all new coins are going to require mne. At this rate the developers will be releasing new projects by the week every single one of them will require the main token mne to function. What do you think this will do the price? This Thread is nearly 300 pages long and always on the front page. In the future the more projects there are the more people are going to be wanting this coin. Does this ring any bells to you? It looks a lot like the beginning of aetherium to me. Except for it doesn't have to pass the hurdle of expanding its own network to survive it already bypass that by running on gas. Literally all this coin has to do to blow up is just exist. Think outside the box.

Totally agree. Scrolling back in the thread the whole community once was extremely devoted by the Dev's work. What has changed? Other coins are suffering as well as the market stagnates but nothing has changed in the roadmap and pace of delivery of Dev's promises. Seems everybody has fallen victim to unsubstantiated FUD and lost faith. I hope this latest announcement proofs to all the FUD victims that there is a lot of ongoing development happening and that it will not stop. Transfer back into the dedicated ambassador that you once were and make sure the MNE gets known for what it really stand for!

[Mrrr]

the price dump and dump , my faith was harmed 

Maybe you should stop Trading cryptocurrency because ethereum, the second largest market cap coin, literally dropped 50% in the past few weeks you act like mne is the only coin suffering from a pullback. By the way it's cheap now. Looks like all the people fudding mne really completed their goal they got cheap coins from the people who fell for the BS.

Also this new coin, and its very existence,  is going to be tied to. That means that this coin including all new coins are going to require mne. At this rate the developers will be releasing new projects by the week every single one of them will require the main token mne to function. What do you think this will do the price? This Thread is nearly 300 pages long and always on the front page. In the future the more projects there are the more people are going to be wanting this coin. Does this ring any bells to you? It looks a lot like the beginning of aetherium to me. Except for it doesn't have to pass the hurdle of expanding its own network to survive it already bypass that by running on gas. Literally all this coin has to do to blow up is just exist. Think outside the box.

Best post I read in 50 pages. Better hope you wiped your *ss because I am kissing it as we speak. Thanks for bringing some sense into the conversation.

Fair distribution: check
Novel ideas: check
Dedicated dev: check

I don't really see this going sideways...

[OwenBones]

OK - let me begin by saying that I have been holding MNE since the first time it hit ~60 cents, and I have not sold a single token. I also believe MNE has a lot of growing to do, both feature and price-wise. So I don't say this to FUD, but to genuinely ask:

Why the hell is it necessary to create an entirely new token to deliver on the original promise of MNE? MNE was always advertised as a "self mining" token, which I personally believe is a total misnomer, since only genesis addresses release "new" MNE. I have seen countless people expecting to "self mine" by holding MNE, which, honestly, isn't a crazy expectation given how this has been marketed.

Why do we need an entirely new token to allow staking/PoS/dividend payouts/whatever you want to call it, instead of adding an additional smart contract to handle payouts? I can't see any incentive for a current MNE holder, let alone a genesis address holder, to trade their MNE for this new coin. You are essentially trading cash on hand now, for the potential of this new coin to someday be equal to or greater than MNE in value. Let's not forget the issue of it even getting on exchanges. I understand that we do not know all of the details of this new token, so I will reserve the rest of my judgement. However, this strikes me as an unnecessary fork at best, and damaging to the main product at worst.

I personally believe that expanding the token creation service and improving the distribution of MNE among the public is what will continue to give this project value, so I am happy that the dev is working on this and providing new ideas. However, I am genuinely confused about the direction of Minereum at this point, given this impending "fork" and the focus on the MNE world app. I do not see the current roadmap promises adding much value to Minereum, beyond the speculative purchases of people who see a low supply/market cap coin.

Am I missing something here? I want to see the vision.

[Ale88]

@miner45678 do not keep your MNE on livecoin. make a wallet at myetherwallet and send them there. Easy as pie and a lot safer.

But to send MNE to MEW do I only have to create the new token in the wallet and then send them from LiveCoin to MEW using the same Ethereum address, and MEW already knows those are MNE despite the same address of ETH?

[Mrrr]

OK - let me begin by saying that I have been holding MNE since the first time it hit ~60 cents, and I have not sold a single token. I also believe MNE has a lot of growing to do, both feature and price-wise. So I don't say this to FUD, but to genuinely ask:

Why the hell is it necessary to create an entirely new token to deliver on the original promise of MNE? MNE was always advertised as a "self mining" token, which I personally believe is a total misnomer, since only genesis addresses release "new" MNE. I have seen countless people expecting to "self mine" by holding MNE, which, honestly, isn't a crazy expectation given how this has been marketed.

Why do we need an entirely new token to allow staking/PoS/dividend payouts/whatever you want to call it, instead of updating the MNE smart contract/adding an additional smart contract to handle payouts? I can't see any incentive for a current MNE holder, let alone a genesis address holder, to trade their MNE for this new coin. You are essentially trading cash on hand now, for the potential of this new coin to someday be equal to or greater than MNE in value. Let's not forget the issue of it even getting on exchanges. I understand that we do not know all of the details of this new token, so I will reserve the rest of my judgement. However, this strikes me as an unnecessary fork at best, and damaging to the main product at worst.

I personally believe that expanding the token creation service and improving the distribution of MNE among the public is what will continue to give this project value, so I am happy that the dev is working on this and providing new ideas. However, I am genuinely confused about the direction of Minereum at this point, given this impending "fork" and the focus on the MNE world app. I do not see the current roadmap promises adding much value to Minereum, beyond the speculative purchases of people who see a low supply/market cap coin.

Am I missing something here? I want to see the vision.

I think the issue is Ethereum contracts are immutable. Minereum was hardcoded into the Ethereum blockchain as a smart contract and that means dev can't just go ahead and update. There's no Github on Ethereum. Smart contracts are immutable (unless you're Vitalik). Dev coded the token and Minereum is what it is until kingdom come. Now dev has some more bright ideas which they cannot accomplish using the token they coded into the blockchain so the only option there is is coding a new token that allows what they are trying to accomplish. Dev can just deploy the new token to current holders (we have the eth blockchain to track all of that) and you as a Minereum holder won't notice a thing apart from the fact that you now have 2 tokens instead of 1. Call them version 1.0 alpha and 1.0 beta.

Don't stress. Dev are hacking the Ethereum block chain (they're using it for things it wasn't made for, for example mining on top of the ETH blockchain) so the customer experience might not always be on par. At the same time any MNE holder should rest assured that dev is not trying to screw anyone out of their money. Dev could have ICO'd this but didn't, dev has never asked the community for a single satoshi even though all the things they are doing are quite expensive.

[sandler425]

Def, we NEED you to get us onto the Bittrex exchange.

When is this happening? That should be your first priority.  Please get us onto some bigger exchanges.

[Mrrr]

@miner45678 do not keep your MNE on livecoin. make a wallet at myetherwallet and send them there. Easy as pie and a lot safer.

But to send MNE to MEW do I only have to create the new token in the wallet and then send them from LiveCoin to MEW using the same Ethereum address, and MEW already knows those are MNE despite the same address of ETH?

the Minereum tokens are 'attached' to your ethereum address. So if you use an ERC20 compatible wallet like MEW and send MNE tokens to that address they will be there. You don't need to 'create' anything. Mew will see your ETH balance and also all supported token balances (for the unsupported ones you'll have to manually tell mew what to look for). See it as a bank account that holds a balance in EURO and also a balance in USD.

Its important that you create your own ethereum address for things like this though. Your private key is your proof of ownership. If you're not the single owner of the private key the coins belong to whoever has it. If you keep your coins on Livecoin it means that you trust Livecoin enough to give them proof of ownership of your coins. I mean, I personally wouldn't give my pin number to some anonymous company in China. Would you?

[Tonton99]

Def, we NEED you to get us onto the Bittrex exchange.

When is this happening? That should be your first priority.  Please get us onto some bigger exchanges.

This has been discussed before any probably its not allowed to disclose name and potential live date of the upcoming exchange.
I guess it would be ok to request Dev to reconfirm the new exchange is still on and bigger then the current ones. Time will tell when the exchange announces that it's time to start trading MNE.

[keyboardwalking]

All those people that want to create an eth dapp but feel  like  there is a monopoly on  dapps on the Eth chain  will see the opportunity in MNe now . All those new investors that want to be part of a crowd sale but think eth is too expensive can now invest in the same exact projects except they won't have to pay hundreds of dollara for a token.

Also if you read what the developer said, this is not going to be the main focus of their attention but rather a side project. So basically what I'm seeing is a developer team that works for free, is coming out with new updates and projects by the week, that MNE will be needed for. The demand will exponentially go up as people begin to figure this out.

Ever wondered how people have thousands of eth and such? It's because when it went to $5 and then back to 3 and then 10 and then back to 5 they held on to it because they were what you would call Smart money. They realized the value of having something new and unique and knew it was only a matter of time before it hit $50. I'm sure they never expected to become millionaires when it went to hundreds of dollars a coin.


I'm sure we will hear of something new being created in a matter of weeks that will yet again be another use case to add to the list of uses for mne.

Edit: also thanks for the laugh to the guy who said that the developers are hacking the eth chain. They are literally using it for what it was meant for. Innovation. And I know this is a cliche to say but they literally are doing it for free. That is quite a rarity these days. You could play pin the tail on the donkey with the announcement forum and pick 9 out of 10 coins that you see, the developer is always asking for money right off the bat.

There's a bright future ahead for mne for whoever chooses to exercise some critical thinking and patience. I know a lot of people did in May when the chart looked worse than it did now and it certainly paid off.

(corrected all the text to speech errors)

[2012]

Dev team is still on hard job and have so many unique ideas how to make it more valuable in future. Recent update showing the potential how worthy this will be when people will start burning MNE for new token. Price will jump to over $50 easily as I think so will buy more at current now it's more cheap than before.

[Tonton99]

All those people that want to create an eth dapp but feel  like  there is a monopoly on  dapps on the Eth chain  will see the opportunity in MNe now . All those new investors that want to be part of a crowd sale but think eth is too expensive can now invest in the same exact projects except they won't have to pay hundreds of dollara for a token.

Also if you read with the developer said this is not going to be the main focus of their attention but rather a side project. So basically what I'm seeing is the developer team that works for free is coming out with new updates and projects by the week that MMA will be needed for. The demand will exponentially go up as people begin to figure this out.

Ever wondered how people have thousands of eth and such? It's because when it went to $5 and then back to 3 and then 10 and then back to 5 they held on to it because they were what you would call Smart money. They realized the value of having something new and unique and knew it was only a matter of time before it hit $50. I'm sure they never expected to become millionaires when it went to hundreds of dollars a coin.


I'm sure we will hear of something new being created in a matter of weeks that will yet again be another use case to add to the list of uses for mne.

But eventually this needs to be taken to the public right? I am sure the general option does not reconcile with the true value of this coin anymore and this needs to be addressed. Back in the days that btc and eth traded on $3 the crypto market was much more transparent. These days,with all the ICO's, retaining public interest is more challenging and personally I don't see this happening right now. There must be some kind of elevator pitch for MNE that can be repeated over and over again explaining why this coin has so much potential.  Will this grow organically?? I am not sure since support is needed to raise above a certain level to get noticed before people start to dig into this in more detail.

[keyboardwalking]

All those people that want to create an eth dapp but feel  like  there is a monopoly on  dapps on the Eth chain  will see the opportunity in MNe now . All those new investors that want to be part of a crowd sale but think eth is too expensive can now invest in the same exact projects except they won't have to pay hundreds of dollara for a token.

Also if you read with the developer said this is not going to be the main focus of their attention but rather a side project. So basically what I'm seeing is the developer team that works for free is coming out with new updates and projects by the week that MMA will be needed for. The demand will exponentially go up as people begin to figure this out.

Ever wondered how people have thousands of eth and such? It's because when it went to $5 and then back to 3 and then 10 and then back to 5 they held on to it because they were what you would call Smart money. They realized the value of having something new and unique and knew it was only a matter of time before it hit $50. I'm sure they never expected to become millionaires when it went to hundreds of dollars a coin.


I'm sure we will hear of something new being created in a matter of weeks that will yet again be another use case to add to the list of uses for mne.

But eventually this needs to be taken to the public right? I am sure the general option does not reconcile with the true value of this coin anymore and this needs to be addressed. Back in the days that btc and eth traded on $3 the crypto market was much more transparent. These days,with all the ICO's, retaining public interest is more challenging and personally I don't see this happening right now. There must be some kind of elevator pitch for MNE that can be repeated over and over again explaining why this coin has so much potential.  Will this grow organically?? I am not sure since support is needed to raise above a certain level to get noticed before people start to dig into this in more detail.

Let me ask you something.. (first of all I do not want a cheesy sales campaign for MNE, when i see an add for something, in this day in age if i even think something is being pushed on me my brain kicks into defense mode and i block it out)

but,

are you more interested in checking out the store/club/(insert item/destination) that you see in a TV commercial, or the one that is word of mouth and you only get into by knowing someone who knows.

Good coins dont sell themselves. They just get prepared for the day when everyone is demanding it.

supply & demand. Try and work on emphasizing the latter, if you focusing on supplying you forget the reason for trying to supply it.

"if you build it they will come. ive seen so many people look at coinmarket cap and say WOW whats this coin, its 3 bucks?"

i say, "ya it was 10 bucks few weeks ago, it has a really nice pattern of making new all time highs and then correcting to an amazing entry point while people are selling it because they arent traders"

they say "but how much did the ICO raise? I mean its more expensive than bancor"

I say, "nothing, and you didnt hear about it because it didnt need a facebook add to get people to buy it"

I will be having these conversations again in a a week or two most likely when they see the 50% price gain on the trends list.

[Tonton99]

All those people that want to create an eth dapp but feel  like  there is a monopoly on  dapps on the Eth chain  will see the opportunity in MNe now . All those new investors that want to be part of a crowd sale but think eth is too expensive can now invest in the same exact projects except they won't have to pay hundreds of dollara for a token.

Also if you read with the developer said this is not going to be the main focus of their attention but rather a side project. So basically what I'm seeing is the developer team that works for free is coming out with new updates and projects by the week that MMA will be needed for. The demand will exponentially go up as people begin to figure this out.

Ever wondered how people have thousands of eth and such? It's because when it went to $5 and then back to 3 and then 10 and then back to 5 they held on to it because they were what you would call Smart money. They realized the value of having something new and unique and knew it was only a matter of time before it hit $50. I'm sure they never expected to become millionaires when it went to hundreds of dollars a coin.


I'm sure we will hear of something new being created in a matter of weeks that will yet again be another use case to add to the list of uses for mne.

But eventually this needs to be taken to the public right? I am sure the general option does not reconcile with the true value of this coin anymore and this needs to be addressed. Back in the days that btc and eth traded on $3 the crypto market was much more transparent. These days,with all the ICO's, retaining public interest is more challenging and personally I don't see this happening right now. There must be some kind of elevator pitch for MNE that can be repeated over and over again explaining why this coin has so much potential.  Will this grow organically?? I am not sure since support is needed to raise above a certain level to get noticed before people start to dig into this in more detail.

Let me ask you something.. (first of all I do not want a cheesy sales campaign for MNE, when i see an add for something, in this day in age if i even think something is being pushed on me my brain kicks into defense mode and i block it out)

but,

are you more interested in checking out the store/club/(insert item/destination) that you see in a TV commercial, or the one that is word of mouth and you only get into by knowing someone who knows.

Good coins dont sell themselves. They just get prepared for the day when everyone is demanding it.

supply & demand. Try and work on emphasizing the latter, if you focusing on supplying you forget the reason for trying to supply it.

"if you build it they will come. ive seen so many people look at coinmarket cap and say WOW whats this coin, its 3 bucks?"

i say, "ya it was 10 bucks few weeks ago, it has a really nice pattern of making new all time highs and then correcting to an amazing entry point while people are selling it because they arent traders"

they say "but how much did the ICO raise? I mean its more expensive than bancor"

I say, "nothing, and you didnt hear about it because it didnt need a facebook add to get people to buy it"

I will be having these conversations again in a a week or two most likely when they see the 50% price gain on the trends list.

I get the impression that most tokens are kept by investors that still believe in the purpose of this coin and are well equipped to explain why and how they see its future. What worries me is that there are still so many questions raised about the self-mining aspect/genesis account mining/token release functionality so either people are too lazy to conduct proper research or its just not really explained clearly. I do not believe in increasing the share of voice in order to pump this coin (for day trading purposes) but I do believe in a clear and simple messaging. What are the intrinsic values  ? how does it work? how would future usage look like? Can anyone explain MNE in a uniform simple wording? Probable not, so it would help when there was a FAQ sheet available that could be used to answer most relevant questions. This simplifies word of mouth and makes it more effective.

[CraveIt]

I like this update similar to vrc and vrm
Good job dev

[Gilboa]

Interesting update. Looking forward to how it all comes together.

Honestly hoping that everyone burns their MNE. A lower potential coin cap seems like it will be very positive for MNE.

[keyboardwalking]

I do believe in a clear and simple messaging. What are the intrinsic values  ? how does it work? how would future usage look like? Can anyone explain MNE in a uniform simple wording? Probable not, so it would help when there was a FAQ sheet available that could be used to answer most relevant questions. This simplifies word of mouth and makes it more effective.

Ah, the illiterate crowd is what you're after.

Nope. Don't think MNE popup books should be going on sale anytime soon

Btw everything that is happening price wise currently is literally the ebb and flow of the market

go back anytime in the chart history and check the thread during that time.

Its the same exact comments/questions everyday.

Speculation of why its low in price, or why its so high  in price and rising has no impact.

It just does what it does. What goes up, comes down. What goes down bounces up. And what goes WAY down bounces like flubber.

Also, your questions :What are the intrinsic values  ? how does it work? how would future usage look like?

^ try and answer those for gold,  diamonds, and tulip bulbs.

Other than the industrial purposes of gold and diamond (which account for <1% of its net value)

they are worth something because people say they are, and gold prices go up and down because people are playing the market.

You would see gold do what Minereum is doing right now if it were on an unregulated market...

[SirPrime]

Maybe the dump of MNE is not because of this announcement, but it's a strange coincidence...

[georgeandy]

Announcement

Hi Everyone,

While we are working on the Minereum roadmap tasks, we are also working on a parallel project. We are now in a conceptualization stage that we can release this information to the public.

Our Team is working on a new version of Minereum. This new version will bring many improvements to the Smart Contract Mining concept, including the possibility for everyone to mine by themselves (not public mining like the recent experiment).

This new project will be a new Token and Minereum Holders will have the option to convert MNE to this new token.

Minereum itself will not be affected and will keep running and the planned tasks from the roadmap remain.

It will still take some time until it is released, we will keep on posting updates as it progresses.

Stay tuned for more updates!

Interesting. Will we be able to swap out a genesis account, or can we just trade the MNE we have available for the new token?

Minereum Genesis Addresses will be convertable to the new Token Genesis Address and new Genesis Addresses will also be able to be acquired for a certain amount of MNE.

All MNE received from these transactions will be burned and Minereum will continue as planned, this new token will be just a new currency, both will co-exist.

so the new tokem will airdrop for some new people ?

[shawnlives]

Oh dear god. This is a terrible announcement for this coin. The dev just screwed us hard.
I was holding on for dear life hoping that the trend would reverse, then the dev just comes and hammers the final nail in the coffin.
This is 100% a scam coin.

Dude. GTFO of Minereum and this thread. I'm tired of reading your posts.