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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 168990 times)
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September 26, 2017, 01:58:19 AM
 #1821

What about GOLD/MNT mining?
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September 26, 2017, 02:04:59 AM
 #1822

Describe PoS and why you chose it? Thank you
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September 26, 2017, 02:10:24 AM
 #1823

too complicated for most of people.. I think
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Alexander KOSTIN | GoldMint


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September 26, 2017, 02:15:36 AM
 #1824

Greetings!

Why don't you use ETH blockchain?

GoldMint’s blockchain, using the​ ​Graphene​ platform will be launched. 

    Advantages of such a choice compared to using an Ethereum private fork are as follows: 

        1. Safer  -  GoldMint  blockchain  uses  its  own  coins  rather  than  turing-complete  smart contracts. 
        2. More  productive  -  GoldMint  uses  PoS,  is  optimized  for  GOLD transactions  as there are no other ICOs on the same platform.   
        3. Cheaper - no charge for ether commissions. 
        4. The Graphene blockchain supports PoS.

What about GOLD/MNT mining?

To start mining, you just  needs  to  download  a program  from the  GoldMint repository, launch it on your device, fine-tune it and start mining. 
Consensus algorithm :  We use PoS as our primary mining system. In  case  a user who holds many MNT  doesn’t have  enough  computational power, he can rent 
computational power from other miners.

Miner rotation 
The  amount  of  stakes  depends  on the  amount  of MNT  a miner holds.  So,  if  a miner owns 50% MNT, he will be chosen to process every second block. 

Miner rewards 
A miner receives  a  GOLD commission from each processed block. When the block is processed, no tokens are emitted.

Describe PoS and why you chose it? Thank you

Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Unlike proof-of-work (PoW) based cryptocurrencies (such as bitcoin), where the algorithm rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks (i.e. mining), in PoS-based cryptocurrencies the creator of the next block is chosen in a deterministic (pseudo-random) way, and the chance that an account is chosen depends on its wealth (i.e. the stake). In PoS cryptocurrencies the blocks are usually said to be forged (in the blacksmith sense of this word), or minted, rather than mined. Also, usually all the coins are created in the beginning and the total number of coins never changes afterwards (although there are some other versions of PoS where new coins can be created). Therefore, in the basic version of PoS there are no block rewards (e.g. as in bitcoin); so, the forgers take only the transaction fees

With regards,
team GOLDMINT

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September 26, 2017, 02:21:23 AM
 #1825

the step seem a little complexed//// but worth to get!
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September 26, 2017, 02:27:05 AM
 #1826

how are the rewards for mining determined?
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September 26, 2017, 02:32:43 AM
 #1827

what happens if the miner doesn’t have enough computing power to verify a transaction?
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September 26, 2017, 02:38:04 AM
 #1828

why is goldmint platform built on graphene?
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Alexander KOSTIN | GoldMint


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September 26, 2017, 02:44:07 AM
 #1829

Greetings!

how are the rewards for mining determined?

According to the amount of MNTs the miner has.

what happens if the miner doesn’t have enough computing power to verify a transaction?

The miner can buy more from from other miners on the network.

why is goldmint platform built on graphene?

The advantages of Graphene compared to Ethereum include the following. It is: Safer - GoldMint blockchain uses its own coins rather than turing-complete smart contracts. More productive - GoldMint is optimized for GOLD transactions. GoldMint is the only ICO that uses this platform, so its platform executes workloads The Graphene blockchain supports PoS.Cheaper - there is no charge for ether commissions.faster and more effectively.

With regards,
team GOLDMINT

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September 26, 2017, 02:50:29 AM
 #1830

Fuck all IPOs=Scam!
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September 26, 2017, 02:56:07 AM
 #1831

what are graphene’s advantages compared to ethereum and other blockchains?
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September 26, 2017, 03:03:17 AM
 #1832

what other projects run on graphene?
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September 26, 2017, 03:11:04 AM
 #1833

which data will be stored on graphene blockchain?
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Alexander KOSTIN | GoldMint


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September 26, 2017, 03:18:28 AM
 #1834

Greetings!

what are graphene’s advantages compared to ethereum and other blockchains?

Graphene is cheaper, there is no charge for ether commissions. Graphene, too, is optimized for GOLD transactions therefore its executes its blocks faster and more effectively and it’s safer in that it uses its own coins rather than turing-complete smart contracts.

what other projects run on graphene?

Graphene also allows its users other platforms that include:Openledger - exchange Rudex - exchange Satoshi.fund - fund Hubdsp - DSP platform Peerplays - betting platform Steemit / Golos.io - news platform

which data will be stored on graphene blockchain?

Details of the miner rotation, miners’ rewards and incentives as well as details related to Custody Bot operations (e.g., assessment, weight, when allocated and withdrawn). Also stored on Graphene are all details related to GoldMInt’s GOLD transactions.

With regards,
team GOLDMINT

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September 26, 2017, 04:12:28 AM
 #1835

Don't forget to get listed on all exchanges
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September 26, 2017, 04:20:03 AM
 #1836

Russian? Then good luck russsian team!
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September 26, 2017, 04:28:12 AM
 #1837

What happens if the miner doesn’t have enough computing power to verify a transaction?
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September 26, 2017, 04:35:55 AM
 #1838

Does mnt act like a goldmint share?
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September 26, 2017, 04:43:34 AM
 #1839

Interesting... Watching!
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September 26, 2017, 04:48:54 AM
 #1840

Which data will be stored on graphene blockchain?
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