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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1337154 times)
cryptomommy
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October 18, 2014, 01:10:53 PM
 #16681

Where I can find the complete specs? Im looking for total coins, min and max stake time and coin maduration time, since I was holding mints for some days and the coins aren't mature yet. Thanks in advance.

http://www.reddit.com/r/MintCoin/comments/2j6mam/minting_and_transaction_fees_a_small_question/

- its minimum of 20 days before you get your first mint - I found this conversation that does a great job explaining the rewards

So I have a pretty sweet stack of around 25 million MINT chilling out in my minty fresh wallet. Out of courtesy and to help the network I basically just leave my wallet open constantly, it doesn't use up many resources any way.
But I do have a question! Since we need (well, this is my understanding at least) active and synced wallets to secure the network and process transactions is there any incentive to actually leave your wallet open? To be more specific: Do we get (more) transaction fees paid out when leaving the wallet open?
Just asking, I believe there are many people who only open up their wallets once every 20 days to mint. If transaction fees would be distributed according to "work-rate" (that is, the amount of coins you have + amount of transactions facilitated + total time of having an open and synced wallet) wouldn't that be an incentive for people to help secure and improve the network?
Or is this already being done?
Thank you for reading Cheesy

Yes, if you leave your wallet open constantly, then the velocity of minting is increased, because then you will mint as soon as it is able to mint, instead of waiting a predetermined time. You will get transaction fees (if any transactions). It's similar to Bitcoin mining, minting is like mining, and eventually the transaction fees could be very profitable, as the coin gets rarer, and more transactions happen. If there were a lot of transactions, the amount you get in fees could be sizable. For example if some day there are 700 transactions in a block that you mint, the fees alone could be 140 Mintcoins.
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coolbeans94
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October 19, 2014, 02:20:48 AM
 #16682

Where I can find the complete specs? Im looking for total coins, min and max stake time and coin maduration time, since I was holding mints for some days and the coins aren't mature yet. Thanks in advance.


Total coins 70 billion.
20 days is the min.
40 days is the max.

However you can go past 40 days, for rewards...basically infinitely. Meaning, your weight is limited to 40 days, but your coin age days as it relates to your reward when you mint can can keep accruing. You could wait 3 months before minting, you will still get all the reward, however your power over the network gets caped at 40 days. This is to prevent someone from getting too powerful.

(1.) Moral happiness depends upon moral order.
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individuals and as members of society.
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October 19, 2014, 01:14:44 PM
 #16683

Well, here we go again...

MintPal’s 3700 Stolen Bitcoin Likely in Hands of Alleged Scammer Alex Green (via cryptocoinsnews.com)

And:

Bitcoin Exchange CEO Alex Green Exposes Himself as Scammer Ryan Kennedy (via cryptocoinsnews.com)

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October 20, 2014, 01:17:43 AM
 #16684


Damn. That is crazy. This is why you need think twice before "verifying your identity" to a third party. Who knows if someone like this scammer will be able to get access to all of your identifying information! Wow, just Wow!

(1.) Moral happiness depends upon moral order.
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October 20, 2014, 01:28:10 AM
 #16685


Damn. That is crazy. This is why you need think twice before "verifying your identity" to a third party. Who knows if someone like this scammer will be able to get access to all of your identifying information! Wow, just Wow!

Yeah - I have yet to "verify my identity" to any of these exchanges. And I don't plan on it anytime soon. It's a rotten shame there are so many unscrupulous people in this (and nearly every other) area. With freedom comes responsibility. I'm just glad so far I've managed to evade these things. But - there's always tomorrow.   Undecided

Stay safe people.  Wink
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October 20, 2014, 05:32:51 AM
 #16686

Yes this is an XC article but still just as relevant to mint.  Worth a read to learn more about staking and coin control.  This comes from btctalk member policymaker...

http://forum.xctalk.com/index.php?/topic/161-coin-control-basic-functions-a-newb-friendly-guide/
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October 21, 2014, 05:37:29 AM
 #16687

hmmm i wonder how much mint was lost. all those sell walls wiped out lol

that "ryan kennedy" guy is cruising for a bruising when the SEC, or others, catch up with him  Cheesy
wittech
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October 22, 2014, 11:35:08 AM
 #16688

I think bittrex is a good idea also, this coin has new people behind it since the delisting right?

More volume there and you have just lost mintpal as an exchange.
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October 22, 2014, 06:17:16 PM
 #16689

hmmm i wonder how much mint was lost. all those sell walls wiped out lol

that "ryan kennedy" guy is cruising for a bruising when the SEC, or others, catch up with him  Cheesy

Apparently, they have posted his mother's physical address.  He must find that extremely distressing, if in fact he is the thief and that is his Mom.

Luckily, I've had all my Mint  "minting" for some months.

" If you have to spam and shout to justify your existence then you are a shit coin."  TaunSew
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October 22, 2014, 09:24:57 PM
 #16690

I think bittrex is a good idea also, this coin has new people behind it since the delisting right?

More volume there and you have just lost mintpal as an exchange.

Actually Scratch the above, might pay to see what exchanges are still standing after this https://www.irccloud.com/pastebin/Qvv579G5
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October 22, 2014, 10:29:20 PM
 #16691

I think bittrex is a good idea also, this coin has new people behind it since the delisting right?

More volume there and you have just lost mintpal as an exchange.

Actually Scratch the above, might pay to see what exchanges are still standing after this https://www.irccloud.com/pastebin/Qvv579G5


Oh boy... everyone's gonna be holding their breath for a while!
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October 23, 2014, 12:03:17 PM
 #16692

It's gone mighty quiet around these parts, are we ok?
cryptomommy
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October 23, 2014, 12:10:06 PM
 #16693

Update: We have Mac compiled - still seeking Linux Smiley

It's gone mighty quiet around these parts, are we ok?

Morning Everyone!

We have a wallet release ready; however are still looking for someone to compile the new wallet for Mac & Linux - any takers?
https://github.com/MintcoinCommunity/mintcoin

Once this is completed I can complete my Podcast with full details on updates

Thanks!
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October 23, 2014, 12:39:00 PM
 #16694

Smiley
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October 23, 2014, 06:59:32 PM
 #16695

Looks like Maxpower still has the POWWWWEEEERRRRR.  That's like He-Man.   Shocked

Someone help the penguin!   Cry
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October 23, 2014, 08:10:57 PM
 #16696

Two of the blockchain explorers don't work.

Pump and dump philosophy
BTC: 1EZnwK5H5nRV2Tm4qToPg4Gb56eu35YoUC
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October 24, 2014, 12:58:03 PM
 #16697

Update: We have Mac compiled - still seeking Linux Smiley

It's gone mighty quiet around these parts, are we ok?

Morning Everyone!

We have a wallet release ready; however are still looking for someone to compile the new wallet for Mac & Linux - any takers?
https://github.com/MintcoinCommunity/mintcoin

Once this is completed I can complete my Podcast with full details on updates

Thanks!

Unable to find the new qt.exe. is it on there?

If it was easy, everybody would be doing it
superresistant
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October 24, 2014, 01:29:57 PM
 #16698

 
Is Mintcoin related to Mintpal ?
Jonesd
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October 24, 2014, 02:18:15 PM
 #16699


Is Mintcoin related to Mintpal ?


No Smiley

If it was easy, everybody would be doing it
superresistant
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October 24, 2014, 02:20:27 PM
 #16700


Right. Just to be sure.
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