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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1293525 times)
coolbeans94
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September 20, 2015, 06:32:55 PM
 #18601

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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kiklo
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September 20, 2015, 08:04:49 PM
 #18602

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
 #18603

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

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September 20, 2015, 11:54:01 PM
 #18604

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
 #18605

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

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Diavulu
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September 21, 2015, 01:06:19 AM
 #18606

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
 #18607

That utility is pretty slick for downloading the blockchain!!

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crzybilly
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September 21, 2015, 11:02:26 AM
 #18608

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
coolbeans94
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September 22, 2015, 01:59:26 AM
 #18609



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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September 22, 2015, 06:02:08 AM
 #18610

@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
 #18611

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

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fonzerrellie
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September 22, 2015, 08:53:50 PM
 #18612

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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September 22, 2015, 09:57:49 PM
 #18613

MINT is moving away from the single-file storage format for the next release which, among other things, will reduce it's resource footprint.

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September 23, 2015, 03:39:48 AM
 #18614

OK, how soon for that wallet release? as I am working with the RPi2 right now and 700mb is extreme. most wallets I run except for one are less than 200mb..

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September 23, 2015, 08:20:44 AM
 #18615

I think it is a matter of a few days.
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September 23, 2015, 02:28:12 PM
 #18616

Just here to remind everyone. Please keep donating to devs & block explorer. Dev wallet is empty & block explorer has only 44 days left. although one positive thing is



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September 23, 2015, 09:31:10 PM
 #18617

Next release will probably be a bit more than a couple days away. Supasonic and myself have been working on it and while the GUI overhaul is pretty much done, the under-the-hood updates require a bit more time.

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September 25, 2015, 05:44:17 PM
 #18618

Just minted some coins, will send 10% to devs. Thanks for the active development Smiley

EDIT: is it possible to provide an option in recurring send that sends a % of minted coins whenever i mint instead of days. It will be great to share my minted coins with devs automatically.

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September 25, 2015, 09:47:10 PM
 #18619

Just minted some coins, will send 10% to devs. Thanks for the active development Smiley

EDIT: is it possible to provide an option in recurring send that sends a % of minted coins whenever i mint instead of days. It will be great to share my minted coins with devs automatically.

Thanks for the support. Smiley

Recurring Send is something that is on my list of things to look at, but will not be changed for this upcoming release. There are some fundamental limits to the Recurring Send feature that make it mutually exclusive with Coin Control (something that I personally enable on every PoS coin). It makes sense though, If a user wants the refined level of control that Coin Control offers, having an automated system come in and arbitrarily interfere with that could introduce some pretty unwanted results.

Sending a % of one's stake to another address is pretty much what some other coins label as "MultiSend" and it too is on my list of things that can be added to Mint.

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September 26, 2015, 02:37:48 AM
 #18620

Donation sent. Not much but something, i hope other will do the same.

https://chainz.cryptoid.info/mint/tx.dws?7b2f698ec432c7e1a9e25dfa740e288a19f4bb856ca8374da8978e982bdf2782.htm

@cryptomommy
Please check you PM.

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