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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1332823 times)
Fuzzbawls
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October 14, 2015, 09:29:19 PM
 #18701

Hi!

My name is Konstantin. I'm cyber•Fund co-founder.
I'm happy to announce now Mintcoin is available in cyber•Fund real time portfolio tracker. So you can easy control your portfolio valuation of Mintcoin and other cryptoasset that you have in real time.

Look how we do it with our funds - https://cyber.fund/@satoshi_fund

If you are a developer you can easy improve Mintcoin main page using Chaingear on github. Stellar, Dash and NuBits have already upgraded their page.

Also  don't forget to follow Mintcoin on https://cyber.fund/system/Mintcoin.

Thank you for your attention, I will be happy if you will use our service.
Konstantin Lomashuk

The MintCoin GitHub link on your site is incorrect. The correct link is https://github.com/MintcoinCommunity/Mintcoin-Desktop-Wallet

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October 14, 2015, 09:51:17 PM
 #18702

MintCoin added to C-Cex voting: https://c-cex.com/?id=vote
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October 14, 2015, 10:46:35 PM
 #18703

It would be nice to have a podcast soon. So many happenings with MINT going on Smiley

Stop Mining.   Start Minting.   Mintcoin  [MINT]
5% annual minting reward. Mintcoins don't wear out like mining gear. They keep on minting!
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October 15, 2015, 12:52:57 AM
 #18704

Hello MINT community,

We have been hard at work doing research on your coin and have have the following plan in place to support MINT and its community.
First off we noticed that you guys have a large number of coins sitting on Exchanges, being a POS coin MINT should move at least 50% of the coins currently sitting on Exchanges to staking and not giving exchanges the ability to stake large volumes of coin or pulling the value down with such large volumes up for sale.

Here is what we would like to propose in order to get MINT listed as a payout option while at the same time really make the most of the listing on Steak Cloud and not let it simply turn into "Just another service" for MINT. At Steak Cloud our main aim is to increase altcoin value on exchanges, we have a proven track record of making this happen, so here is our plan of action for MINT.

Steak Cloud is launching its cloud staking service "Steak Cloud" this will run alongside our current POS mining operation but at the same time we would like to offer MINT the opportunity to be used as the altcoin we launch out service with, giving MINT even more exposure and the chance of a maximum value increase, If you are able to see the value in what we are proposing for mint please read further if not read further anyway you might start to piece it together better.

Why should I use Steak Cloud to stake my coins in the cloud?
This will help remove excess POS coins from exchanges and in turn raise the value of those coins in two ways.
  • Removing low value sell orders will help increase value
  • Stake these coins in the cloud with Steak Cloud and grow your investment

Most people do not stake their coins as they are not able to run a wallet 24/7 - Steak Cloud is the solution to this your problem.


To do this "Stakers" (Those who stake with Steak Cloud) will need to stake their coins for a minimum term of 1 month at a 10% staking fee. (remember you are not removing all your coins, just 50% of them.
Stakers will have the option of withdrawing earlier although this will result in an early withdraw cancellation fee of 20% rather than the standard 10% fee, this will help maintain value as most Stakers will not want to pull out early based on the difference in the fee.
Stakers will have the option to Stake for longer periods with less fees incurred, a bit like a bank only 1000% better and without the low rates of interest.


On top of this we add MINT as a payout option on Steak Cloud to miners, driving the price even higher with the daily buy orders we will put through on exchanges in order to pay our POS miners.

In order for this to work we will need the support of a good share of the MINT community. Let this all sync in, excuse the pun, and feel free to ask any questions.

Regards

http://steakcloud.com/static/admin/css/images/logo.png
Improving altcoin value
http://steakcloud.com

 Wow. So this is basically, like pooled minting? Do I understand that right? Sort of like pooled mining for PoW coins this is pooled staking for proof of stake? Sounds awesome! Would love to know more! Sounds exciting!! Shocked

Yeah this would essentially be "Pooled Minting" so Steak Cloud will be launching a Minting pool very soon. We will keep this process as simple as mining POS currently is with Steak Cloud pool mining.

If there is anything specific you would like to know please so not hesitate to ask.

Regards

Steak Cloud Support


Can you make an instructional video on how to use Mintcoins with the Minting pool?

Can you implement some features that allow us to estimate how many new coins will be minted? (for example if you pledge 300,000 mintcoins for 6 months, will it show a calculation showing estimated mintings at the end of the period? Also a progress bar, showing % until complete.

I think these would be nice features to have. Thanks

Better is the patient in spirit than the proud.
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October 15, 2015, 09:09:22 AM
 #18705

Hello MINT community,

We have been hard at work doing research on your coin and have have the following plan in place to support MINT and its community.
First off we noticed that you guys have a large number of coins sitting on Exchanges, being a POS coin MINT should move at least 50% of the coins currently sitting on Exchanges to staking and not giving exchanges the ability to stake large volumes of coin or pulling the value down with such large volumes up for sale.

Here is what we would like to propose in order to get MINT listed as a payout option while at the same time really make the most of the listing on Steak Cloud and not let it simply turn into "Just another service" for MINT. At Steak Cloud our main aim is to increase altcoin value on exchanges, we have a proven track record of making this happen, so here is our plan of action for MINT.

Steak Cloud is launching its cloud staking service "Steak Cloud" this will run alongside our current POS mining operation but at the same time we would like to offer MINT the opportunity to be used as the altcoin we launch out service with, giving MINT even more exposure and the chance of a maximum value increase, If you are able to see the value in what we are proposing for mint please read further if not read further anyway you might start to piece it together better.

Why should I use Steak Cloud to stake my coins in the cloud?
This will help remove excess POS coins from exchanges and in turn raise the value of those coins in two ways.
  • Removing low value sell orders will help increase value
  • Stake these coins in the cloud with Steak Cloud and grow your investment

Most people do not stake their coins as they are not able to run a wallet 24/7 - Steak Cloud is the solution to this your problem.


To do this "Stakers" (Those who stake with Steak Cloud) will need to stake their coins for a minimum term of 1 month at a 10% staking fee. (remember you are not removing all your coins, just 50% of them.
Stakers will have the option of withdrawing earlier although this will result in an early withdraw cancellation fee of 20% rather than the standard 10% fee, this will help maintain value as most Stakers will not want to pull out early based on the difference in the fee.
Stakers will have the option to Stake for longer periods with less fees incurred, a bit like a bank only 1000% better and without the low rates of interest.


On top of this we add MINT as a payout option on Steak Cloud to miners, driving the price even higher with the daily buy orders we will put through on exchanges in order to pay our POS miners.

In order for this to work we will need the support of a good share of the MINT community. Let this all sync in, excuse the pun, and feel free to ask any questions.

Regards


Improving altcoin value
http://steakcloud.com

 Wow. So this is basically, like pooled minting? Do I understand that right? Sort of like pooled mining for PoW coins this is pooled staking for proof of stake? Sounds awesome! Would love to know more! Sounds exciting!! Shocked

Yeah this would essentially be "Pooled Minting" so Steak Cloud will be launching a Minting pool very soon. We will keep this process as simple as mining POS currently is with Steak Cloud pool mining.

If there is anything specific you would like to know please so not hesitate to ask.

Regards

Steak Cloud Support


Can you make an instructional video on how to use Mintcoins with the Minting pool?

Can you implement some features that allow us to estimate how many new coins will be minted? (for example if you pledge 300,000 mintcoins for 6 months, will it show a calculation showing estimated mintings at the end of the period? Also a progress bar, showing % until complete.

I think these would be nice features to have. Thanks

Yeah sure, the mintpool is in development, we will take all your suggestions into account.

A progress bar is a very cool idea indeed and will be implemented!

Please subscribe on the site for updated on release dates.

Proof Of Stake And Proof Of Work Mining Platform! http://www.steakcloud.com
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October 15, 2015, 11:33:21 PM
 #18706

Hello MintCoin,


MINT is now ready to mine on Steak Cloud,

Please do not forget to use your MINT address as your username.

Regards


Improving altcoin value
http://steakcloud.com

Proof Of Stake And Proof Of Work Mining Platform! http://www.steakcloud.com
crzybilly
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October 15, 2015, 11:38:37 PM
 #18707

Hello MintCoin,


MINT is now ready to mine on Steak Cloud,

Please do not forget to use your MINT address as your username.

Regards


Improving altcoin value
http://steakcloud.com

mining with mint address
Fuzzbawls
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October 16, 2015, 12:20:33 AM
 #18708

Hello MintCoin,


MINT is now ready to mine on Steak Cloud,

Please do not forget to use your MINT address as your username.

Regards


Improving altcoin value
http://steakcloud.com

Great news! I've switched over my GPU to add some x11 hash

mintmining
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October 16, 2015, 01:06:49 AM
 #18709

is there like super beginner instructions for how to even set up mining. I am new to mining at all. Like do I need a special program for it or what? I really don't get how it works. I have a windows 7 OS. I would like to try mining some mints but I need some help. I already watched the video on steak cloud but how do i mine from my computer or something like cpu? I don't think I want to pay to rent mining rigs from some website, because would that even be profitable, since then id have to sell my mints for more btc to rent the machines.
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October 16, 2015, 01:09:23 AM
 #18710

is there like super beginner instructions for how to even set up mining. I am new to mining at all. Like do I need a special program for it or what? I really don't get how it works. I have a windows 7 OS. I would like to try mining some mints but I need some help. I already watched the video on steak cloud but how do i mine from my computer or something like cpu? I don't think I want to pay to rent mining rigs from some website, because would that even be profitable, since then id have to sell my mints for more btc to rent the machines.

if you join IRC i'm sure someone will gladly help you. It's just too many questions that would flood pages of the forum so it would be easier to join IRC
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October 16, 2015, 02:40:20 AM
 #18711

Okay thanks.

Edit:

Took me a while to find it. the Kiwiirc.

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October 16, 2015, 08:40:43 AM
 #18712

Great news! I've switched over my GPU to add some x11 hash

How many MINT would a 280x bring in per day?
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October 16, 2015, 02:18:39 PM
 #18713

Honestly, I am not sure how many mintcoiners (if that is a word), would be interested in utilizing the mining functionality on steak cloud.

I mean if you already have some profitable mining gear this makes sense to do, and turn your mining operations onto steak cloud to essentially mine MINT. But if you are not already heavily involved in mining, and you are serious about the long-term prospects and sucesss of Mintcoin, it makes sense to just invest in buying Mintcoins directly, vs buying mining gear, and then trying to mine them.

I think I can speak for some others too, in the fact that that is one of the main reasons we got into Mintcoin - because mining is a waste of resources. Speaking from experience, I used to be a miner and have some rigs, but the problem is that your return decreases with time.

For example, let's say that you buy $1,000 of mining equipment today and put that to work for you mining, do the math for how many coins you will be able to obtain from that over the course of 3 years. Subtracting out the $1,000 costs of the equipment, electricity, and such...because in all likelihood after about 3 years, your mining rigs will become completely unprofitable (unprofitable = worthless). So let's say they have 3 year lifespan (being generous here I think).

Now, let's say that you buy $1,000 of Mintcoins (minting equipment so-to-speak) today and put that to work for you mining, do the math for how many coins you will be able to obtain from that over the course of FOREVER. You don't subtract out the cost of the $1,000 of the Mintcoins, because they are always going to be re-useable and salable (they don't go bad like mining gear). Basically zero electricity cost too, basically just cost enough to run a decent computer with internet connection. In all likelihood after 3 years, your mintcoins will be worth MORE. Since the coin's don't rust or go bad or anything, they stay in mint condition, you could just keep minting for many more years to come, basically forever! Mintcoins don't go worthless like mining gear would eventually do. Mining gear eventually stops mining, while Mintcoins will never stop minting. This is a huge paradigm shift.

This is why I am much more excited about Steak Cloud's pooled staking & minting development. It is like mining pool without any downside, IMO. Hoping to tell my friends and family about it if it works good, because a lot of them are so "un-techy" they need a service like this, because they won't even take the time to figure out how to run a mintcoin wallet for staking and minting. However it's easy for people to buy coins and send them over to a minting pool to just park them like in a bank account, and leave them to mint new coins without any effort on their part. This is really fantastic development.

Sick of mining?  Start minting!  5% per year!  Mintcoin "MINT"
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October 16, 2015, 04:06:52 PM
 #18714

Hi Flyskyhigh,

You are correct in what you are saying here and it is not our intention to have anyone out there go out and invest large someone of money in mining equipment, we are however appealing to those who already have mining equipment and want to be able to mine any supported coin without the algo barrier imposed and as a result unlocking miner options across a broader spectrum of choice such as the ability to mine BTC with a scrypt rig. Although I will say that mining on Steak Cloud will always help raise the price of any coin that does not suffer at the hand of a community that offloads large amounts of coin into sell orders and as such communities need to be looking at the long term prospects of mining MINT now in order to raise the price long term, this will ultimately result in a good return over investment.

We are in the process of finalizing a deal with a mining farm that will provide Steak Cloud with wholesale hashing power across all algos, this will be provided from a country with the lowest electricity cost giving Steak Cloud users a truly profitable mining experience. I cant share too much on this subject just yet however, I am sure everyone will be excited about the prospect of making mining profitable.

As far as our POS Minting pool is concerned, we are delighted to see the positive responses.


Regards


http://steakcloud.com/



Proof Of Stake And Proof Of Work Mining Platform! http://www.steakcloud.com
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October 17, 2015, 05:42:48 PM
 #18715

i dont like the idea of pooled staking, its just one more central point of vulnerability. Mining for MINT is good for current miners although purchasing is always a better option. I thought we learned our lessons with Mintpal. Unless there is multi-sig & 2FA security putting a lot of coins in one place in a hot wallet is just suicide. Also while minting on a "pool" you loose control of your coins to the pool which isnt what crypto is about. I wouldn't trust anyone to handle my coins let alone for 6 months. Also there is a 10% fee? if i am earning 10% interest & soon 5% and paying 10% fee then how is it better than staking on my PC for 10% interest while keeping control of my coins? I was surprised to see people are excited about this. WOW!

Also pulling off large amount of coins from exchange will reduce liquidity which will make coin more prone to huge price swings. I am not saying we should keep a lot of coins on exchange but if there are less coins it will be hard to create a market with enough volume so that investors can buy easily.

I am not sure if i am misunderstanding something or this is just plain BS/scam.

Rent Rigs @ MiningRigRentals: https://www.miningrigrentals.com/register?ref=9685 | Mine Zcash, X11, ETH, BTC, LTC hashrate available @ Genesis Mining: 9yx2ib (Promo Code for 3% off)
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October 17, 2015, 06:09:43 PM
 #18716

My perception is that if I want to put my SHA miners (in my possession) to work and receive mint, I can now do that without the extra step of selling btc for mint.  Steak does that for you if your too lazy or busy to make the btc to mint conversion at an exchange.

The possibility of cloud mining thru Steak is a bit more concerning when taking the history of cloud mining into account.

Let's remain cautious.  While I'm not suggesting that I have any direct knowledge of Steak and it's values, we shouldn't endorse a service like this too directly so it's associated with mintcoin's leadership and the coin itself.  It is a third party service.

Regardless, I remain optimistic and I wish Steak the best.  I hope this service will add value to the community and an earned trust will be mutually beneficial to both MINT and Steak.

STAY MINTY!  Smiley

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October 17, 2015, 06:56:27 PM
 #18717

i dont like the idea of pooled staking, its just one more central point of vulnerability. Mining for MINT is good for current miners although purchasing is always a better option. I thought we learned our lessons with Mintpal. Unless there is multi-sig & 2FA security putting a lot of coins in one place in a hot wallet is just suicide. Also while minting on a "pool" you loose control of your coins to the pool which isnt what crypto is about. I wouldn't trust anyone to handle my coins let alone for 6 months. Also there is a 10% fee? if i am earning 10% interest & soon 5% and paying 10% fee then how is it better than staking on my PC for 10% interest while keeping control of my coins? I was surprised to see people are excited about this. WOW!

Also pulling off large amount of coins from exchange will reduce liquidity which will make coin more prone to huge price swings. I am not saying we should keep a lot of coins on exchange but if there are less coins it will be hard to create a market with enough volume so that investors can buy easily.

I am not sure if i am misunderstanding something or this is just plain BS/scam.

Hi sambiohazard,

I'm glad you don't like the idea as Steak Cloud caters to individualism, not everyone is going to like the same things or understand things in the same way and that is perfectly okay. With that said it's very important to bare in mind that just as you do not like the idea of staking coins with us or the fact that we will charge a fee there are people out there who cannot stake and are not able to run a wallet 24/7, so in theory you are more than likely not our target audience. Those that do see the value of Steak Cloud and how staking coins in the cloud will benefit them based on what we will offer, will have a different view and that is okay also.

As far as the fees goes, we take a 10% fee for providing a service to people that would not be staking in the first place so really there is no shock, horror or wow behavior being represented by Steak Cloud in any way.

I am swaying towards the idea that you are misunderstood about what we will be offering, individuals questioning our moral intent however is something that we are expecting to deal with and have been able to reassure users through providing a genuine service coupled with great support.  

Thank you for your thoughts.

Regards

Steak Cloud Support

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October 18, 2015, 02:42:17 PM
 #18718

Slightly offtopic, does Steakcloud accept vegans?
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October 18, 2015, 03:43:43 PM
 #18719

is there like super beginner instructions for how to even set up mining. I am new to mining at all. Like do I need a special program for it or what? I really don't get how it works. I have a windows 7 OS. I would like to try mining some mints but I need some help. I already watched the video on steak cloud but how do i mine from my computer or something like cpu? I don't think I want to pay to rent mining rigs from some website, because would that even be profitable, since then id have to sell my mints for more btc to rent the machines.

if you join IRC i'm sure someone will gladly help you. It's just too many questions that would flood pages of the forum so it would be easier to join IRC

Just for fun I pointed an antminer s3 averaging 435.37 GH/s at steak cloud. The first payout was from a partial shift and small. My first full shift payout was 10833.39825300 mint. I like to stake mintcoin with the wallet they provide and plan on sending any coins I mine there. I live in Los Angeles and electricity cost is very high. If you calculate the cost for mining mintcoin or any other coin in LA you will find these are the most expensive coins you will ever purchase. It makes much more sense financially to purchase coins of any type rather than spend the same amount on miners. If you don't get electricity free or very cheap forget about profit from mining. You'll never even break even on your miner cost. If you get free power from a dorm room or rental and run miners the landlord will notice the spike in the utility bill and start looking for the culprit. 4 antminers can easily fully load a 20 amp circuit and pop breakers. If you pull the plug when fully loading a circuit with miners you'll be surprised at how hot the metal blades on the plug are. The wires in the wall are that hot too.

That said I love mining. I sold most of my mining hardware but still run a small group of different miners. It's a hobby and people blow money on hobbies all the time. I have a couple of antminers pointing at steak cloud mining different coins for fun. I'm fascinated by mining equipment and crypto coins in general. I run the antminers and 4 different types of scrypt miners. The electricity cost versus return is ridiculously bad but I enjoy tinkering with the hardware and software.

If you want to mine with a cpu, try minergate. They provide the software to download and it's very easy to setup and run. I like to mine bytecoin there. When you cpu mine your cpu will get hot so your computer needs to dissipate heat well. Not generally a good idea on a laptop. Lots of fans are a good idea. I bought a cheap workstation on Ebay and use it to run miner software and stake a few different coins.

I like to to tinker with mining and have to point them somewhere and getting some mintcoin in the process is a bonus. Good luck checking out mining it's a good thing to stake and mine. It supports the coins network and it's a lot of fun to learn about it all.  Grow your hoard of coins and don't sell any. Who knows, maybe someday they'll be worth something significant. ;-D





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October 19, 2015, 12:39:14 AM
 #18720

I reakon MINT is getting due for another moon soon =)

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