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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1342093 times)
kiklo
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September 17, 2015, 01:06:14 AM
 #18581

FYI:   Smiley

Looks like Mint is out of maintenance on cryptsy.

 Cool
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September 17, 2015, 11:34:30 AM
 #18582

FYI:   Smiley

Looks like Mint is out of maintenance on cryptsy.

 Cool

Good things, took them long enough  Cool
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September 17, 2015, 07:30:31 PM
 #18583

Wohoo!

Sick of mining?  Start minting!  5% per year!  Mintcoin "MINT"
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September 18, 2015, 08:26:32 AM
 #18584

Does anyone know @ which block the interest will drop down exactly?
Expecting some action in the week before that Smiley
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September 18, 2015, 08:54:18 AM
 #18585

Good question. I hope someone knows the answer.
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September 18, 2015, 01:12:26 PM
 #18586

Good question. I hope someone knows the answer.
The last estimate I heard was October / November - CoolBeans seems to be the man with the most accurate estimates in this area though Smiley
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September 18, 2015, 07:39:16 PM
 #18587

Good question. I hope someone knows the answer.
The last estimate I heard was October / November - CoolBeans seems to be the man with the most accurate estimates in this area though Smiley

Best Guess.   Cheesy
Answer depends on how fast new blocks are found.

After Block # 2102400 , Mint will start 10% rate.
Current  ~ # 1892244 ,

If Mint average 3 blocks per minute 3 blocks * 60 minutes =180 blocks per hour
180 blocks *24 hours = 4320 per day
2102400-1892244= 210156 blocks until change
210156 blocks /4320 blocks per day= 48 days

However if Mint average only 2 blocks per minute , then
2 blocks * 60 minutes =120 blocks per hour
120 blocks *24 hours = 2880 blocks per day
2102400-1892244= 210156 blocks until change
210156 blocks /2880 blocks per day= 72.9 days

So you are looking at the change happening somewhere between 48 & 72.9 days from now.
But the block # the change will occur at is #2102400 .

 Cool

FYI:
Final 5% rate starts at block #3153600.
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September 19, 2015, 02:24:01 AM
 #18588

Good question. I hope someone knows the answer.
The last estimate I heard was October / November - CoolBeans seems to be the man with the most accurate estimates in this area though Smiley

Best Guess.   Cheesy
Answer depends on how fast new blocks are found.

After Block # 2102400 , Mint will start 10% rate.
Current  ~ # 1892244 ,

If Mint average 3 blocks per minute 3 blocks * 60 minutes =180 blocks per hour
180 blocks *24 hours = 4320 per day
2102400-1892244= 210156 blocks until change
210156 blocks /4320 blocks per day= 48 days

However if Mint average only 2 blocks per minute , then
2 blocks * 60 minutes =120 blocks per hour
120 blocks *24 hours = 2880 blocks per day
2102400-1892244= 210156 blocks until change
210156 blocks /2880 blocks per day= 72.9 days

So you are looking at the change happening somewhere between 48 & 72.9 days from now.
But the block # the change will occur at is #2102400 .

 Cool

FYI:
Final 5% rate starts at block #3153600.

kiklo has mad skills
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September 20, 2015, 06:32:55 PM
 #18589

After Block # 2102400 , Mint will start 10% rate.

Final 5% rate starts at block #3153600.

How did you come up with those specific block numbers? What methodology are you using to calculate and determine that?

Right now, according to my revised estimates, the 10% annual rate will start around ~November 3rd

Last time, the blockchain froze when this happened... and Supasonic patched it really quickly and we moved on. Is the blockchain freezing to be expected again this time, or is that all completely patched now?


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September 20, 2015, 08:04:49 PM
 #18590

After Block # 2102400 , Mint will start 10% rate.

Final 5% rate starts at block #3153600.

How did you come up with those specific block numbers? What methodology are you using to calculate and determine that?

Right now, according to my revised estimates, the 10% annual rate will start around ~November 3rd

Last time, the blockchain froze when this happened... and Supasonic patched it really quickly and we moved on. Is the blockchain freezing to be expected again this time, or is that all completely patched now?

Source Code : Begins at line #970
https://github.com/MintcoinCommunity/Mintcoin-Desktop-Wallet/blob/462c3ef6e41a8eeb65c357f3b41c92f38a09f16b/src/main.cpp
__________________________________________________________
// miner's coin stake reward based on nBits and coin age spent (coin-days)
// simple algorithm, not depend on the diff
const int YEARLY_BLOCKCOUNT = 1051200;   // 365 * 2880
int64 GetProofOfStakeReward(int64 nCoinAge, unsigned int nBits, unsigned int nTime, int nHeight)
{
    int64 nRewardCoinYear;

   nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;

   if(nHeight < YEARLY_BLOCKCOUNT)
      nRewardCoinYear = 4 * MAX_MINT_PROOF_OF_STAKE;
   else if(nHeight < (2 * YEARLY_BLOCKCOUNT))
      nRewardCoinYear = 3 * MAX_MINT_PROOF_OF_STAKE;
   else if(nHeight < (3 * YEARLY_BLOCKCOUNT))
      nRewardCoinYear = 2 * MAX_MINT_PROOF_OF_STAKE;
_____________________________________________________________________________
2*1051200 = 2102400
3*1051200 = 3153600

The Freeze up was caused by a quirk from the PoW Phase to the best of understanding and should not effect , the future interest rate changes. Roboguy fixed that problem after Rent_A_Ray helped him.
PressTab fixed the timewarp problem. To be honest ,  Supasonic has not fixed any major issues yet, but he has made a lot of commits to the source code.

However always wise to keep an eye on the explorers when that block # hits just to be safe.

Right now, according to my revised estimates, the 10% annual rate will start around ~November 3rd

If the blockchain keeps 3 blocks per minute that is 45 days from yesterday , and technically our numbers ~ match (~3 days difference). But it is dependent on the blocks generated when Mint arrives at the block #, but the block # itself is predefined in source code.

 Cool
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September 20, 2015, 11:51:49 PM
 #18591

What are the optimum block/input sizes for MINT Staking?

PIVX: DPQabewFmgSFxAtZPKszNKb2E6eHqPfJt5
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September 20, 2015, 11:54:01 PM
 #18592

What are the optimum block/input sizes for MINT Staking?


I'd recommend a minimum of 100k for block sizes if you want to stake quickly after reaching block maturity

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September 21, 2015, 12:53:45 AM
 #18593

is there a bootstrap or a downloadable copy of the blockchain for MINT?? it is really slow syncing.. Smiley

PIVX: DPQabewFmgSFxAtZPKszNKb2E6eHqPfJt5
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September 21, 2015, 01:06:19 AM
 #18594

is there a bootstrap or a downloadable copy of the blockchain for MINT?? it is really slow syncing.. Smiley

I found this page:

https://www.reddit.com/r/MintCoin/comments/3ajk5b/wallet_not_syncing_again/

Once I downloaded and followed the readme it went really quick.

I did have to do use -rescan on the wallet afterwards to get my missing coins.
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September 21, 2015, 01:15:05 AM
 #18595

That utility is pretty slick for downloading the blockchain!!

PIVX: DPQabewFmgSFxAtZPKszNKb2E6eHqPfJt5
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Look ARROUND!


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September 21, 2015, 11:02:26 AM
 #18596

is there a bootstrap or a downloadable copy of the blockchain for MINT?? it is really slow syncing.. Smiley
go to http://www.mintcoinofficial.com/ and under download wallet there's a bootstrap


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ARROUND









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coolbeans94
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September 22, 2015, 01:59:26 AM
 #18597



The Freeze up was caused by a quirk from the PoW Phase to the best of understanding and should not effect , the future interest rate changes. Roboguy fixed that problem after Rent_A_Ray helped him.

Slip up on my part, I meant to say Roboguy. Good catch!   Cool

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(2.) Moral order depends upon the harmonious action of all our powers, as
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September 22, 2015, 06:02:08 AM
 #18598

@coolbeans94

The Fact that you can use math to get that close to the interest rate change without the specific block Number ahead of time, is pretty impressive.  Smiley

 Cool
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September 22, 2015, 07:16:28 PM
 #18599

Whats up with the latest Mint wallet?? uses a lot of Ram compared to the last update.

PIVX: DPQabewFmgSFxAtZPKszNKb2E6eHqPfJt5
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September 22, 2015, 08:53:50 PM
 #18600

Whats up with the latest Mint wallet?? uses a lot of Ram compared to the last update.

MINT has always ran a bit heavy compared to some, I'm not a coder so I don't know what IgotSpots did but his latest project "Primechain" only uses about 20mb of memory. If MINT ran that light I would keep my wallet running 24/7 but right now I only run it when it's time to stake or need to use it.



 

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