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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1337148 times)
Kergekoin
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May 03, 2014, 10:37:55 AM
 #14281

// IMAGE CUT OFF
Only the bottom 2 transactions (of low value 3.2532 and 2.7497) are eligible for minting, the others are too new (less than 20 days old).

Minting coins destroy coin age of the stake, you have to wait another 20 days after a successful mint (in a few days, the top 2 transactions that occured on 14-04-14 will become eligible again)

Thanks, thats lame indeed, but that does not explain that 200 days

200 days is in tooltip because currenty you have only about 6 coins participating for mint. 20% yearly from 6 coins is about 1.x coins per year. This amount is in absolute bottom of priority list.
Soon you will  have larger amounts rolling for mint and tooltip will change to lesser time, since it shows highest priority of all coins which are participating for mint.

For anyone who does not understand how minting/staking mechanism works for coins, i suggest to stop worrying about it and relax. Everything works just the way it is meant to work. You will get your 20% yearly even if you open your wallet only once per month.

If you want to fully understand how cryptocoins work, then i would suggest you to start reading and learning the source code. As far as i know - no one, in any coin thread has  explained how PoS works in detail.
It takes probably entire book worth of material to explain every detail.
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May 03, 2014, 10:56:15 AM
 #14282

// IMAGE CUT OFF
Only the bottom 2 transactions (of low value 3.2532 and 2.7497) are eligible for minting, the others are too new (less than 20 days old).

Minting coins destroy coin age of the stake, you have to wait another 20 days after a successful mint (in a few days, the top 2 transactions that occured on 14-04-14 will become eligible again)

Thanks, thats lame indeed, but that does not explain that 200 days

200 days is in tooltip because currenty you have only about 6 coins participating for mint. 20% yearly from 6 coins is about 1.x coins per year. This amount is in absolute bottom of priority list.
Soon you will  have larger amounts rolling for mint and tooltip will change to lesser time, since it takes average of all coins which are participating for mint.

OK, it makes sense this way, thanks. Anyway with all this fuzzy rules whole POS looks like some kind of woodoo...

Quote
For anyone who does not understand how minting/staking mechanism works for coins, i suggest to stop worrying about it and relax. Everything works just the way it is meant to work. You will get your 20% yearly even if you open your wallet only once per month.

Yes, they told that same about WhiteCoin  Grin

Don´t deal with crappy shitcoins and stop wasting electricity
Support real science instead
[/url]
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May 03, 2014, 11:14:09 AM
 #14283

OK. I modified my post a little. Tooltip shows the highest input in priority, not average.

I will try to make a simple explanation.
As you may know. There is one block generated in every 30 seconds. All open wallets with all aged inputs in them are rolling for that next block. Its kind of like lottery. There are many tickets, but only few winners in each block. There are two variables.
First variable is amount. Large inputs have more tickets and small inputs have less tickets for each block.
Second variable is time. Older inputs have more tickets and newer inputs have less tickets for each block.
Each time block is found, there are parameters which determine the block size. This doesnt matter atm. Lets just say that only half of the current coins can be winners for this block.
So half of all the tickets are drawn randomly. This is why tooltip is never completely accurate. It calculates the odds, not the certain case.
The more tickets your input has, the bigger change it has to generate mint. If it does not get lucky for this block, it will have even more tickets for the next block and so on.
When your input finally is chosen for block, you will get your mint payment. Your input is sent to your own address and your interest coins get added to it. This resets your input age, so it can start aging again.

Hopefully this helps.  Smiley


Yes, they told that same about WhiteCoin  Grin

I dont know what happened to whitecoin. I did give a little look at its source. So all i  know is that its direct clone of Mintcoin older source code.
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May 03, 2014, 01:16:26 PM
 #14284

I'm having a problem with the new wallet (1.9.1)

Minting has been much slower and I minted less coins this time around, even with the extra coins from the previous minting.

This is my 2nd mint for the coins I'm talking about, so obviously I should be getting more.


The wallet has said that I'll be earning a reward in 1 hour for a long time now.




I have a fair amount of coins. I'm just below half on the rich list, so number of coins shouldn't be an issue, unless I'm misunderstanding something



here is thread on reddit. two other people said they have this issue too http://www.reddit.com/r/MintCoin/comments/24jc17/expected_time_to_earn_reward_time_not_changing/

There are no issues with code. It all works fine. Read a my earlier posts in this thread for more info.

Where are your earlier posts? There are 700+ pages.

I don't understand why I minted less coins. I get that smaller amounts are going to take longer to mint, IE the minted amounts from 20 days ago. But that doesn't explain why less coins have been minted. The large amounts should mint right away like they did before, so I should have at least an amount equal to what I got 20 days ago by this point plus more.






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Kergekoin
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May 03, 2014, 01:21:09 PM
 #14285

You can read just few pages back or search my user name on this thread.
I have explained it all with screenshots. Amounts are calculated based on 20% yearly interest. You will not always get same amount of coins because large inputs get occasionaly splited (as a result you can get two half size interest payment instead of one full size) and by transferring coins you reset your selected input(s) age.
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May 03, 2014, 01:26:30 PM
 #14286

New merchant for MintCoin! Buy neuro enhancers at http://healthiverse.net/
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May 03, 2014, 01:57:47 PM
 #14287

You can read just few pages back or search my user name on this thread.
I have explained it all with screenshots. Amounts are calculated based on 20% yearly interest. You will not always get same amount of coins because large inputs get occasionaly splited (as a result you can get two half size interest payment instead of one full size)

I understand that the minted amounts won't have the exact same numerical value, but the sum of amounts should be greater.

Lets say I minted 10k total 20 days ago from two inputs (these two inputs have same coinage). I got those 10k coins in however many minted transactions with whatever values, it doesn't matter. The point is 10k coins were minted.

Fast forward to 24 days later. The wallet only mints 8k coins, even though I have more coins.


I haven't moved coins from the address I'm talking about.




edit: I loaded 1.8 wallet and have minted twice within 40 minutes, larger amounts too. I had 1.9.1 open for hours and got nothing. Could be a coincidence, sure.






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Kergekoin
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May 03, 2014, 02:33:26 PM
 #14288

Nothing related to minting parameters in source code has changed. If anyone would try to change minting values, it would lead to fork, because those blocks would be rejected by main chain.
That is one of the reasons why cryptocoins are secure and safe. No one can abuse the code and end up with more coins than others.
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May 03, 2014, 02:40:17 PM
 #14289

What is the best way to combine using coin control? With HBN I could just create a second wallet in the app and send coins to wallet B (and then back to A if desired) to combine them but mint doesn't support multiple wallets right?
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May 03, 2014, 02:46:02 PM
 #14290

What is the best way to combine using coin control? With HBN I could just create a second wallet in the app and send coins to wallet B (and then back to A if desired) to combine them but mint doesn't support multiple wallets right?

Theres no need to use second wallet for combining inputs. You can simply transfer coins to your own address = send the coins to yourself.
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May 03, 2014, 02:48:10 PM
 #14291

Nothing related to minting parameters in source code has changed. If anyone would try to change minting values, it would lead to fork, because those blocks would be rejected by main chain.
That is one of the reasons why cryptocoins are secure and safe. No one can abuse the code and end up with more coins than others.


Yet the wallet has minted 15% less coins. I'll see what happens on 1.8 throughout the day


I'm not making any accusations that someone monkeyed with the code, I'm just wondering why I have received less with the 1.9.1 wallet. As I said before, I'm using 1.8 again and got 2 mint transactions right away so I've compromised any comparison between minting ability of the two wallets.

Let's see what others say






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Kergekoin
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May 03, 2014, 02:54:41 PM
 #14292

OK, im tired of explaining this over and over again. I quit  Cheesy.
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May 03, 2014, 03:03:21 PM
 #14293

OK, im tired of explaining this over and over again. I quit  Cheesy.

I'll re-read your posts later...I'm a bit stressed about other things right now. The mind likes to make problems where they don't necessarily exist when you're stressed...






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May 03, 2014, 03:10:59 PM
 #14294

Mintcoin has a lot of merchants accepting mint, what was your last purchase that you paid for with mintcoins?

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May 03, 2014, 04:51:53 PM
 #14295

I know there are a lot of great guys here because I check in from time to time to see what's going on.  I've been busy helping Crypto Moms get started and have missed the latest Mintcoin news for some time now.  While Crypto Moms mission is to increase womens participation in cryptocurrecy,  they are there for everyone to learn and be involved.  I think all newcomers, especially women, will be impressed with Mintcoin (POS, environmental convictions, etc).

I have started a thread (on the Crypto Moms forum) for Mintcoin under "General Disussion" and would really appreciate if a few of you great guys would sign up, fill us in on Mintcoin news, and answer a few questions if necessary.

Please post about the Mintcoin Fund and the Redwood Reforestation Project - I am very impressed!  Let us know what we can do to help.

Thanks!

http://cryptomoms.com/forum/

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May 03, 2014, 05:38:31 PM
 #14296

I know there are a lot of great guys here because I check in from time to time to see what's going on.  I've been busy helping Crypto Moms get started and have missed the latest Mintcoin news for some time now.  While Crypto Moms mission is to increase womens participation in cryptocurrecy,  they are there for everyone to learn and be involved.  I think all newcomers, especially women, will be impressed with Mintcoin (POS, environmental convictions, etc).

I have started a thread (on the Crypto Moms forum) for Mintcoin under "General Disussion" and would really appreciate if a few of you great guys would sign up, fill us in on Mintcoin news, and answer a few questions if necessary.

Please post about the Mintcoin Fund and the Redwood Reforestation Project - I am very impressed!  Let us know what we can do to help.

Thanks!

http://cryptomoms.com/forum/

Wow! That is a nice little community I had not heard of. Lots of helpful posts on those boards! Thanks for mentioning Mintcoin!

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mintcointeam
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May 03, 2014, 06:00:15 PM
 #14297

I know there are a lot of great guys here because I check in from time to time to see what's going on.  I've been busy helping Crypto Moms get started and have missed the latest Mintcoin news for some time now.  While Crypto Moms mission is to increase womens participation in cryptocurrecy,  they are there for everyone to learn and be involved.  I think all newcomers, especially women, will be impressed with Mintcoin (POS, environmental convictions, etc).

I have started a thread (on the Crypto Moms forum) for Mintcoin under "General Disussion" and would really appreciate if a few of you great guys would sign up, fill us in on Mintcoin news, and answer a few questions if necessary.

Please post about the Mintcoin Fund and the Redwood Reforestation Project - I am very impressed!  Let us know what we can do to help.

Thanks!

http://cryptomoms.com/forum/

Thanks for your support! That's true there's not enough women in cryptocurrencies, or do they just stay in the dark?
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May 03, 2014, 07:21:40 PM
 #14298

Mintcoin has a lot of merchants accepting mint, what was your last purchase that you paid for with mintcoins?

I just bought two sapphire R7  240 2GB graphics cards with mint on blkroad. Working on building my first rig.
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May 03, 2014, 08:06:46 PM
 #14299

Hey can anyone help me out im trying to not trade my stake coins and only trade the coins i minted. Is there a command in console to save X amount of coins for stake only and not for trade?

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May 03, 2014, 08:13:24 PM
 #14300

Hey can anyone help me out im trying to not trade my stake coins and only trade the coins i minted. Is there a command in console to save X amount of coins for stake only and not for trade?

You can simply use coin control features to select the newest inputs and use them for your transfer.
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