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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1368496 times)
racejs
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February 12, 2014, 05:54:13 PM
 #1581

Does anyone when the first halving will happen?

Should be in 1h 30m

25h 15m, no?

I think you are right. After one day approx. The halving is not so intriguing as PoW2PoS edge
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DaytonC
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February 12, 2014, 06:08:44 PM
 #1582

Hashstrike pool down ?
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February 12, 2014, 06:19:06 PM
 #1583

Does anyone when the first halving will happen?

Should be in 1h 30m

25h 15m, no?

I think you are right. After one day approx. The halving is not so intriguing as PoW2PoS edge

Did you calculate the rate every 20 days? Is 20% the yearly compounded rate assuming PoS is minted every 20 days? So that's about 0.5% or so every 20 days (for comparison, Hobonickels pays out 2% every 10 days)
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February 12, 2014, 06:23:14 PM
 #1584

Hashstrike pool down ?

We're repairing a disk failure on one of our main servers.  There's the quick way to fix it and the safe way to fix it, and we're going with the safe way Smiley We'll be back shortly.

# HashStrike $ Mining Pools -- Ruby -- Karma -- Mint -- Leaf -- Zeit -- Syn
** Low Fees ** Awesome support ** Super stable **

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February 12, 2014, 06:23:23 PM
 #1585

is it 20% every 20 days or how does it work on this coin?

Owner of BlackCoin Store - BlackCoin Store
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February 12, 2014, 06:42:11 PM
 #1586

0% fees for the next 20 miners. Post your username here.

http://mint.dogemoon.com

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February 12, 2014, 07:12:36 PM
 #1587

Does anyone when the first halving will happen?

Should be in 1h 30m

What will the new reward be? I'm not really sure right now how it is. Is it  100000 - 900000 right now correct? What will it be after.
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February 12, 2014, 07:14:27 PM
 #1588

Does anyone when the first halving will happen?

Should be in 1h 30m

What will the new reward be? I'm not really sure right now how it is. Is it  100000 - 900000 right now correct? What will it be after.

I would guess 50000 - 450000
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February 12, 2014, 07:14:36 PM
 #1589

Does anyone when the first halving will happen?

Should be in 1h 30m

25h 15m, no?

Dunno. Did it halve yet xD?
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February 12, 2014, 07:15:11 PM
 #1590

Does anyone when the first halving will happen?

Should be in 1h 30m

What will the new reward be? I'm not really sure right now how it is. Is it  100000 - 900000 right now correct? What will it be after.

Must be 50000 to 450000 if it truly halves...

Been mining my heart out for days, one last day left before it gets a whole lot more difficult to acquire quantities of this coin.
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February 12, 2014, 07:31:04 PM
 #1591

Hashstrike pool down ?

We're repairing a disk failure on one of our main servers.  There's the quick way to fix it and the safe way to fix it, and we're going with the safe way Smiley We'll be back shortly.

Boy!  The mint blockchain takes forever to download. We've been up for a bit but our wallet decided it didn't like its copy of the blockchain, and it is re-downloading.  80% done with that, we'll be fully back online shortly.

# HashStrike $ Mining Pools -- Ruby -- Karma -- Mint -- Leaf -- Zeit -- Syn
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February 12, 2014, 07:34:56 PM
 #1592

I bought a ton of mintcoin, even bought at 10 satoshi like an idiot before the first exchange popped up!
Really think this coin is going places.

Can people elaborate on the dust & PoS issue?
If I leave the wallet open, it'll basically do lots of small PoS which causes dust?

How does the PoS work exactly? I assume you only have a *chance* of minting a block with some mintcoin that's got coinage of 20 days? Is it done by amount of mintcoin in the same wallet with that coinage?
Or is it like even more basic and PoW still secures the network but you just gain interest on balances that have sat still for 20 days?
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February 12, 2014, 08:21:13 PM
 #1593

We need to get MINT on coinmarketcap

“This is not just money for the Internet. This is a new Internet of money.”
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February 12, 2014, 08:39:22 PM
 #1594

We need to get MINT on coinmarketcap

Need a main exchange first, coinedup will work.

Explorer part of the requirement is done.
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February 12, 2014, 08:40:31 PM
Last edit: February 12, 2014, 09:08:56 PM by ScroogeD
 #1595

We need to get MINT on coinmarketcap

Exactly, nobody will be interested in MINT, if we don't distribute it.

Vote!
coinmarket.io https://bitcointalk.org/index.php?topic=422726.0
Cryptorush https://bitcointalk.org/index.php?topic=431099.0
Allcrypt http://www.allcrypt.com/beta/voting.php
Coinedup reddit http://www.reddit.com/r/CoinedUp/comments/1xk8ge/please_add_mintcoin/
Swisscex https://swisscex.uservoice.com/forums/238010-general/suggestions/5488394-add-mint-coin

BTC & LTC #DOGE #DRK #HUC #VTC
Blacklist #Maxcoin - Amateur Devs with ignorant JP Morgan Keiser
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February 12, 2014, 08:52:27 PM
 #1596

We need to get MINT on coinmarketcap

Need a main exchange first, coinedup will work.

Explorer part of the requirement is done.

There needs to be a much better explanation of the PoS piece on the main page of this thread as well. It's not clear how its structured and how the actual minting happens here.
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February 12, 2014, 08:55:34 PM
 #1597

We need to get MINT on coinmarketcap

Need a main exchange first, coinedup will work.

Explorer part of the requirement is done.

There needs to be a much better explanation of the PoS piece on the main page of this thread as well. It's not clear how its structured and how the actual minting happens here.

[...]

FAQ
1.What is PoS?
PoS: Proof of Stake.
http://en.wikipedia.org/wiki/Proof-of-stake

2. what is the line Stake in wallet?
It is for the PoS blocks. Once a PoS block generated, some of your coins plus the generated interests will be moved to "stake", it is like "immature" for PoW. It will take 50 confirmations to mature, after mature the coins plus interests will be added back to your balance.

3. what does that mean in the wallet : Minting suspended due to locked wallet?
This says you can not do mining due to wallet encrypted.
you need to unlock the wallet in order to mine (for example for PoS blocks):
mintcoin-qt -server
mintcoind walletpassphrase <passphrase> <unlock_duration_in_seconds> true

4. Do I have to let my wallet open to get PoS coins?
PoS will be generated after at least 20 days holding of the coins in your wallet. You don't need to keep the wallet open all the time. The coin-days accumulated in your wallet will not be lost. The next time when you open the wallet client, the internal miner will start automatically and if the coin holding period meet certain requirements the pos blocks will be generated based on the coin-days in your wallet.

5. How often do I have to open the wallet in order to get PoS coins?
See above. You don't need to open wallet all the time, your coin-days accumulated in the wallet will not be lost.

6. Why I can't sync?
Use addnode in the conf file. The addnode list and sample conf file are posted above.
If you use Windows, the Mintcoin config dir is usually at c:/users/*yourcomputername*/AppData/Roaming/MintCoin, in which you should see your wallet.dat and peers.dat files. If the mintcoin.conf file is not there, create it using the above example (you don't need to include all the addnode lines, include some will be ok). Restart your client, you should be in sync within a few minutes.

7. You said 20% interest per year, do I have to wait 1 year to get the PoS interest?
No. PoS blocks will be generated after you hold some coins in your wallet for certain period of time. For MintCoin the minimum requirement is 20 days. If you move around the coins (for example send to other wallet and then send back), the time will reset for those moved.

8. The PoS generated coins, are they eligible for new PoS block generations?
Yes. After maturity (50 confirmations), the coins will move from "Stake" to "Balance". Once the PoS generated coins in "balance", they will be the same as all other coins, and are eligible for future PoS generations.

9. What will be generated total PoW coin number and what will be generated PoS coin number?
After 5 weeks PoW mining, there will be 20 billion PoW coins generation. Afterwards there will be some small number of PoW coins continue to be generated (at 1 coin/block). The PoS generation 1st year is 20%, 2nd year 15%, thrid year 10%, and subsequent years will be 5%. If maximum PoS generated (meaning all coins mined held), then after about 20 years there will be about total 70 billion coins generated in total (for both PoW and PoS), which is the max money allowed. In normal situation where there are coins transferred around, the time max money will be reached will be 30-40 years or more.
[/center]

I think it's not bad.

BTC & LTC #DOGE #DRK #HUC #VTC
Blacklist #Maxcoin - Amateur Devs with ignorant JP Morgan Keiser
colinfx
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February 12, 2014, 09:00:41 PM
 #1598

We need to get MINT on coinmarketcap

Need a main exchange first, coinedup will work.

Explorer part of the requirement is done.

There needs to be a much better explanation of the PoS piece on the main page of this thread as well. It's not clear how its structured and how the actual minting happens here.

[...]

FAQ
1.What is PoS?
PoS: Proof of Stake.
http://en.wikipedia.org/wiki/Proof-of-stake

2. what is the line Stake in wallet?
It is for the PoS blocks. Once a PoS block generated, some of your coins plus the generated interests will be moved to "stake", it is like "immature" for PoW. It will take 50 confirmations to mature, after mature the coins plus interests will be added back to your balance.

3. what does that mean in the wallet : Minting suspended due to locked wallet?
This says you can not do mining due to wallet encrypted.
you need to unlock the wallet in order to mine (for example for PoS blocks):
mintcoin-qt -server
mintcoind walletpassphrase <passphrase> <unlock_duration_in_seconds> true

4. Do I have to let my wallet open to get PoS coins?
PoS will be generated after at least 20 days holding of the coins in your wallet. You don't need to keep the wallet open all the time. The coin-days accumulated in your wallet will not be lost. The next time when you open the wallet client, the internal miner will start automatically and if the coin holding period meet certain requirements the pos blocks will be generated based on the coin-days in your wallet.

5. How often do I have to open the wallet in order to get PoS coins?
See above. You don't need to open wallet all the time, your coin-days accumulated in the wallet will not be lost.

6. Why I can't sync?
Use addnode in the conf file. The addnode list and sample conf file are posted above.
If you use Windows, the Mintcoin config dir is usually at c:/users/*yourcomputername*/AppData/Roaming/MintCoin, in which you should see your wallet.dat and peers.dat files. If the mintcoin.conf file is not there, create it using the above example (you don't need to include all the addnode lines, include some will be ok). Restart your client, you should be in sync within a few minutes.

7. You said 20% interest per year, do I have to wait 1 year to get the PoS interest?
No. PoS blocks will be generated after you hold some coins in your wallet for certain period of time. For MintCoin the minimum requirement is 20 days. If you move around the coins (for example send to other wallet and then send back), the time will reset for those moved.

8. The PoS generated coins, are they eligible for new PoS block generations?
Yes. After maturity (50 confirmations), the coins will move from "Stake" to "Balance". Once the PoS generated coins in "balance", they will be the same as all other coins, and are eligible for future PoS generations.

9. What will be generated total PoW coin number and what will be generated PoS coin number?
After 5 weeks PoW mining, there will be 20 billion PoW coins generation. Afterwards there will be some small number of PoW coins continue to be generated (at 1 coin/block). The PoS generation 1st year is 20%, 2nd year 15%, thrid year 10%, and subsequent years will be 5%. If maximum PoS generated (meaning all coins mined held), then after about 20 years there will be about total 70 billion coins generated in total (for both PoW and PoS), which is the max money allowed. In normal situation where there are coins transferred around, the time max money will be reached will be 30-40 years or more.
[/center]

I think it's not bad.

Anyone who doesn't understand, just take a minute to read...

+1

Trying to get to 50million before block halving.... It's not going too well Sad
arandy
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February 12, 2014, 09:05:21 PM
 #1599

Add MINT coin – Customer Feedback for Swiss Coin Exchange - https://swisscex.uservoice.com/forums/238010-general/suggestions/5488394-add-mint-coin
colinfx
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February 12, 2014, 09:07:00 PM
 #1600

Add MINT coin – Customer Feedback for Swiss Coin Exchange - https://swisscex.uservoice.com/forums/238010-general/suggestions/5488394-add-mint-coin

Comment added... Everyone else go ahead, it only takes a minute!
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