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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1337156 times)
deadmanwalking
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March 25, 2014, 04:37:04 PM
 #10601

I haven't minted anything since the 18th of March, I am up to date on with the new wallet, is something wrong?

You mint every 20 days. So you have 13 more to go.

Correct me if I'm wrong, but I don't believe that's accurate unless he received all of his coins in one block.

Suppose you were mining mint, and received 50k mint per day, in single lump sum payouts (1 payout per day) from a mining pool, from March 1st - March 3rd.

3/21 - the 50k coins you mined on 3/1 should now begin attempting to mint. Assuming they do mint today, in 20 days they will attempt to mint again.
3/22 - the 50k coins you mined on 3/2 should now begin attempting to mint. Assuming they do mint today, in 20 days they will attempt to mint again.
3/23 - the 50k coins you mined on 3/3 should now begin attempting to mint. Assuming they do mint today, in 20 days they will attempt to mint again.

Furthermore, depending on whether or not the minted coins become a part of the same block as the "chunk" of coins that they were minted from, you may end up with either 3 or 6 groups of coin ages in this example scenario, each of which would now be attempting to mint on different days.

Please anyone do correct me if I am wrong, but this is how hobonickels POS works and I believe Mint does it the same way.

Well using your example it would also depend on when he opened his wallet, if he opened on 3/24, all coins would stake and be paid around the same time.

People should also do the math to find out if they are up to date on minting. Example using 100,000:

20% of 100,000 is 20,000 (to be paid annually)

You are paid out every 20 days 365/20=18.25

20,000/18.25=1,095

1,095 is around the number you should receive every 20 days. Leave your wallet open 24 hrs at least.


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BiffyMcBifferstein
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March 25, 2014, 04:42:40 PM
 #10602

I have the latest (Mac) wallet -- the one with the nice, new logo.  Nothing has minted so far.  Mind you, I don't have a lot of Mintcoin by any stretch, but I would expect to see *something* by name, even small decimal amounts.  Again, I've had some coins since 2-26 or 2-28.

Zeitcoin - Mm3rSgi34U5RMnrdusjWeK8UuWNmJu1ogq | Bitcoin - 16bpb3FBFbSvfsvXKabf7C4Zwwgwpkc4vn | Litecoin - LKJhuU68SdMPnRC1EAFimS7KNs4dXs3yrf | Dogecoin - DDeez8PhqRJkGVsu1pTF9SZEWXz3ySke56
deadmanwalking
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March 25, 2014, 04:50:41 PM
 #10603

Minting is like mining. In mining the bigger the rig, the quicker you find the block. In minting, there are 2 factors.

1. Size of your holding

2. Coin age

If you have a smaller holding, I recommend waiting a few days longer than 20. This will increase you coin age and you will be paid out more quickly when you open your wallet for Minting. You will still receive 20% annually.

I've pasted a link from from Beaverslayer below might help you understand.

Here's a link to a PDF I made that helps explain the minting process of Mintcoin.

https://www.dropbox.com/s/h6nu7aa3rmg56hv/Minting%20Instructions.pdf

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deadmanwalking
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March 25, 2014, 05:01:37 PM
 #10604

this is "fun" : http://pastebin.com/CiqGSfXD

regards from: blackcoin!

The plot thickens. Wow.

Why in the world would anyone still be buying blackcoin? Doesn't anyone wonder where those 20 million coins are? that's nearly a 3rd of the entire circulation!

Can we start the Mint pump already? Good grief people, wake up!

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deadmanwalking
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March 25, 2014, 05:06:03 PM
 #10605

Anyone mining at hashcows? Let us know how it's going!

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broken_pixel
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March 25, 2014, 05:12:49 PM
 #10606

For all you peeps who keep posting about BlackCoin in this thread.

http://www.cryptocoinsnews.com/2014/03/25/cryptorush-loses-millions-of-blackcoins/

GA-990FXA-UD5, 1x 7970L, 2x S1, AX1200i, RIVBE, 2x R290x, NEX1500, BTC: 1G9cQix8bMgh35MQ9wY3Rb9yNSSCtnoRmK, DGC: DFo9FcKYsutv9Vx5c5xUzkrt7VJdECZWTM, LTC: LaAN33aktPGaimN5ALL9kjHjuJekfmKfTh
deadmanwalking
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March 25, 2014, 05:15:43 PM
 #10607

I'm well aware cyrptorush is at fault here, still this is bad news for bc. Thanks for bringing this to the attention of mint community, now they know to withdraw mint from cryptorush.

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dogechode
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March 25, 2014, 05:24:35 PM
 #10608

Well using your example it would also depend on when he opened his wallet, if he opened on 3/24, all coins would stake and be paid around the same time.

People should also do the math to find out if they are up to date on minting. Example using 100,000:

20% of 100,000 is 20,000 (to be paid annually)

You are paid out every 20 days 365/20=18.25

20,000/18.25=1,095

1,095 is around the number you should receive every 20 days. Leave your wallet open 24 hrs at least.

For best results, it is best to keep the wallet open and minting at all times. For one thing, the sooner you mint the sooner you earn compound interest.
deadmanwalking
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March 25, 2014, 05:46:18 PM
 #10609

Multipool launched!!

I'm happy to announce, that http://hashco.ws has now launched its 'Get Paid in MintCoin' option to the pool. Sign Up, and head on over to 'Account Settings' where you'll see the option of changing from the standard BTC payout option to MINT.
Our pool also has the unique option of being able to keep other altcoins we mine as well, should you so choose. We welcome all the members of the mint community who wish to give us a shot. Please feel free to join us on irc. Freenode / #hashcows Its in a bit of a beta these first few days, as we work out any kinks with the mint payouts specifically, however the pool itself has been operational for more than 6 months now. MINT payouts will happen between 03:30 - 04:00 GMT daily.
For the time being, there is no additional fee for being paid out in MINT vs. BTC
Happy Mining

Buy pressure for mint is building immensely! Start mining! Grin

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greentea
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March 25, 2014, 06:25:43 PM
 #10610

is hashco.ws using crypsty to auto buy/sell for mintcoins?


Itd be awesome if mintpal had an API ...

NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
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deadmanwalking
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March 25, 2014, 06:37:27 PM
 #10611

The bad news..Mintpal is down? Good news, you can buy mint at a discount price on Cryptsy

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deadmanwalking
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March 25, 2014, 06:44:40 PM
 #10612

...Mintpal appears to be working again. One person eviserated the 17 sell orders, guess he knows what's up

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Crindon
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March 25, 2014, 06:53:56 PM
 #10613

Definitely good news. The buy pressure is moving up in ranks as well.
omahapoker
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March 25, 2014, 06:55:19 PM
 #10614

I started a new site listing all betting sites

my section for mintcoin has one link so far. if you guys know more mintcoin betting sites please let me know


http://cryptobettingindex.com/mintcoin-2/
celebreze32
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March 25, 2014, 06:55:46 PM
 #10615

Well using your example it would also depend on when he opened his wallet, if he opened on 3/24, all coins would stake and be paid around the same time.

People should also do the math to find out if they are up to date on minting. Example using 100,000:

20% of 100,000 is 20,000 (to be paid annually)

You are paid out every 20 days 365/20=18.25

20,000/18.25=1,095

1,095 is around the number you should receive every 20 days. Leave your wallet open 24 hrs at least.

For best results, it is best to keep the wallet open and minting at all times. For one thing, the sooner you mint the sooner you earn compound interest.

Does it take as long as 24 hours for our mint coins to stake?
omahapoker
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March 25, 2014, 06:57:21 PM
 #10616

also i was thinking of selling half my mintcoins for vertcoin.



is that a wise choice?
Crindon
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March 25, 2014, 07:09:42 PM
 #10617

also i was thinking of selling half my mintcoins for vertcoin.



is that a wise choice?

I was actually in the reverse situation. I had lots of Vertcoin, but I sold them all to buy more Mintcoins. I like Mintcoins because you get 20% interest in the first year, 15% in the second year, etc... As well, you get a stronger community overall with Mintcoin and the name sounds better. But, it isn't a bad idea to diversify some into Vertcoin, but I personally wouldn't.
omahapoker
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March 25, 2014, 07:15:34 PM
 #10618

thanks, its been hard to have a lot of mintcoin and had chance to sell in high 40"s but didnt.


i will stick with mintcoin. i might peel of 25% and see vercoin for a bit though
deadmanwalking
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March 25, 2014, 07:15:40 PM
 #10619

also i was thinking of selling half my mintcoins for vertcoin.



is that a wise choice?

Vertcoin is the only coin besides mint and bit that even interests me. Having said that, I don't think mined coins are the future, so I would have to say hold your mintcoin. It's about to skyrocket anyway, so you would be selling to low.

Mintcoin positives:

-20% interest first year,15 2nd, 10 3rd, 5 thereafter until 70 bil coins reached at which point can still be mined for small payout.
-Minted rather than mined so no special equipment needed +energy savings
-Fast, secure transactions
-Android wallet near completion
-Multi-pool at hashcows (account settings-payout in mint)
-Added Vault of Satoshi coming in April

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mgburks77
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March 25, 2014, 07:17:49 PM
 #10620

also i was thinking of selling half my mintcoins for vertcoin.



is that a wise choice?

The wise choice is to buy low and sell high. So sell them for more than what you got them for.
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