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Author Topic: [ANN][MINT] Mintcoin (POS) (5%) - New Wallet v2.0.2 released 3/1/16  (Read 1260719 times)
nickenburg
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October 22, 2015, 09:21:16 AM
 #18741

Still holding here,
I've been with mintcoin from the start, mined some, and invested 20 euro!
Ive seen them under 5 satoshi and rise to above 40 but I never sold them!
Maybe if I sold them at the highest point i've couldve gotten alot more but I believe.
At the moment I have 1,4m coins and 300k of them are minted.
But i'm really going to do my best to get more the coming weeks!
I really want like 10-100 million coins, because I still think this could be one of the big coins.

Just want to say keep going mintcoin team I think we are doing really good!
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Derek492
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October 22, 2015, 06:37:08 PM
 #18742

Still holding here,
I've been with mintcoin from the start, mined some, and invested 20 euro!
Ive seen them under 5 satoshi and rise to above 40 but I never sold them!
Maybe if I sold them at the highest point i've couldve gotten alot more but I believe.
At the moment I have 1,4m coins and 300k of them are minted.
But i'm really going to do my best to get more the coming weeks!
I really want like 10-100 million coins, because I still think this could be one of the big coins.

Just want to say keep going mintcoin team I think we are doing really good!

100,000,000 coins would generate 5-Million+ coins per year for life! + compounding and transaction fees. I'm with you, I keep trying to buy a little more here and there whenever I have extra funds. Mintcoin is a much better coin today than ever before. There is basically no issues with its functionality, and it is fundamentally sound. Whatever few remaining issues such as RAM issues are being worked on, and with this steak cloud minting service coming out soon, anyone who doesn't want to run a hot wallet will be able to use them and MINT coins. I try to buy at least 1 or 2 million coins per month. Who knows, maybe one day MINT could allow me to retire, and live off of the mintings. if we all only sell a fraction of the coins that we mint, then our balances and mintings will still continue to grow; we could all keep buying until we could live off of that fraction of our mintings. Might take years to get there, but I have reason to sell my coins. Mintcoin works, and does what it's supposed to do. That is all it needs to do to provide a lot of value.  Even if Mintcoin rises a lot, like to where 1 MINT = $.01 USD, I think I would never dump, but just only sell a fraction of what I'm minting. And the more it grows, I can use it to give back to those in need. I'd like to be a philanthropist someday. A MINT philanthropist!

Stop Mining.   Start Minting.   Mintcoin  [MINT]
5% annual minting reward. Mintcoins don't wear out like mining gear. They keep on minting!
arandy
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October 23, 2015, 01:36:44 PM
 #18743

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.

Did some calculating again with these numbers.
We approached around 2900 blocks per day average since this post.
So i think the date will be 30 Nov or 1 Dec this year.

To mine, or not to mine (that is the question)
Tubularwindow
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October 24, 2015, 01:19:13 AM
 #18744

Did some calculating again with these numbers.
We approached around 2900 blocks per day average since this post.
So i think the date will be 30 Nov or 1 Dec this year.

It is not super consistent, some days it is faster and other times it is slower. The target is roughly a block every 30 seconds though and is pretty accurate over long period of time.

I created a Countdown Timer here...
http://www.arewethere.yt/MINTCOIN/30183.htm

I have been updating it every few days, and it seems like the blocks are going a little slower than 30 seconds. 6 days ago I updated it within a 5 minute window estimated upon 30 seconds, and today when i check the calculation it is about 3 hours behind schedule, so not much.  I just updated it again, now, to within an hour or so of accuracy based on 30 second blocks.. (added about 2 hours and 45 minutes to the countdown).

The time before, the blocks were going faster than 30 seconds, so I had sped up the timer.

All in all, I agree that it looks pretty consistent and reliable that it will be November 30th or December 1st when the increase in the money supply will be slowed down to about 7%... basically we are minting coins at about 70% of the minting rate ...so roughly 70% of 10% is roughly 7%  we can expect as far as the increase in the money supply over the coming year.

 Roll Eyes

Better is the patient in spirit than the proud.
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October 25, 2015, 03:05:33 PM
 #18745

What happend to this forum? All of a sudden 20 pages gone. Some user deleted all his messages or something?

Another unrelated coin's thread showed a similar concern around the same time.  They discovered that the +1 posts were deleted after comparing a cached version to the deleted posts.  Perhaps this is a similar situation.
I think it is also due to the removal of some images being displayed. I have noticed a lot of images don't work or the actual image has been replaced with just a link to the image. I think it is mainly on newer accounts. Not sure what the cut off point is though, maybe member, or full member.

Sick of mining?  Start minting!  5% per year!  Mintcoin "MINT"
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October 26, 2015, 12:09:09 AM
 #18746

What happend to this forum? All of a sudden 20 pages gone. Some user deleted all his messages or something?

Another unrelated coin's thread showed a similar concern around the same time.  They discovered that the +1 posts were deleted after comparing a cached version to the deleted posts.  Perhaps this is a similar situation.
I think it is also due to the removal of some images being displayed. I have noticed a lot of images don't work or the actual image has been replaced with just a link to the image. I think it is mainly on newer accounts. Not sure what the cut off point is though, maybe member, or full member.

I can confirm removal of images I've posted.  The removal is not always timely and reasoning behind the removal is usually not communicated.   Cry
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October 26, 2015, 12:31:00 AM
 #18747

That is a nice looking timer. Got it opened in a tab now.
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October 26, 2015, 03:45:02 AM
 #18748

What happend to this forum? All of a sudden 20 pages gone. Some user deleted all his messages or something?

Another unrelated coin's thread showed a similar concern around the same time.  They discovered that the +1 posts were deleted after comparing a cached version to the deleted posts.  Perhaps this is a similar situation.
I think it is also due to the removal of some images being displayed. I have noticed a lot of images don't work or the actual image has been replaced with just a link to the image. I think it is mainly on newer accounts. Not sure what the cut off point is though, maybe member, or full member.

I can confirm removal of images I've posted.  The removal is not always timely and reasoning behind the removal is usually not communicated.   Cry

It will just be a house cleaning thing to speed up the forum. This is a massive thread

www.dlsag.ch      1ex.trade
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October 26, 2015, 05:47:15 AM
 #18749

Still holding here,
I've been with mintcoin from the start, mined some, and invested 20 euro!
Ive seen them under 5 satoshi and rise to above 40 but I never sold them!
Maybe if I sold them at the highest point i've couldve gotten alot more but I believe.
At the moment I have 1,4m coins and 300k of them are minted.
But i'm really going to do my best to get more the coming weeks!
I really want like 10-100 million coins, because I still think this could be one of the big coins.

Just want to say keep going mintcoin team I think we are doing really good!

I just hope you will be rewarded handsomely for your effort and dedication in holding MINT long term. Cheers!
Sandals4life
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October 27, 2015, 02:42:59 AM
 #18750

I created a Countdown Timer here...
http://www.arewethere.yt/MINTCOIN/30183.htm

So does this mean MINT is going to become even more "pumpy" so to speak? It increases the pumpability of the coin? Not really sure how this affects it.
Ricklosti
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October 27, 2015, 03:16:55 AM
 #18751

I created a Countdown Timer here...
http://www.arewethere.yt/MINTCOIN/30183.htm

So does this mean MINT is going to become even more "pumpy" so to speak? It increases the pumpability of the coin? Not really sure how this affects it.

Yes, and no. The rate adjustment will probably attract more "trader" activity to the coin, as there will be less downside potential from "losing out" from not participating in minting. However this plays out in the market is anyone's guess initially. Some may decide to dump the coin because they are miffed that they aren't minting as many coins minting. Who knows Huh But if the coin is minting less, then it's scarcity will rise in the long-run, which tends to mean a higher value per coin.
Since the minting reward will be decreasing, the coin's nominal value will be a "devaluation" at a lower rate. In other words... the nominal devaluation of the coin will be slowed relative to other cryptocoins and currencies, which ultimately over the long-run will probably push the price per coin up. Everything is a function of supply and demand. The increase in the supply is going to be slowed, so if demand stays the same, the price will rise. In other words, all else equal, you will be minting less coins, but the value of the coins will tend to push higher at a faster rate. Ultimately minters are not affected by nominal devaluation. Any minter will receive more newly minted coins at the same rate as everyone else so through the minting process, as more coins are added to the supply, the nominal value goes down, but the real value of your holdings stays the same.  So basically, if you are a minter, the net affect on real value stays exactly the same, and if you are not a minter, mintcoin becomes somewhat more attractive to own and trade.

I hope that makes any sense at all  Roll Eyes

This brings up an interesting relationship. What is the ideal rate? 0% 1% 5% 10% 20% etc. Bitcoin has a hard cap of coins, this means ultimately a 0% devaluation rate. The problem with this is if the nominal value of the coin rises too high, it becomes unfungible, and worthless for to trade. Mintcoin solves this problem by 1) having a lot of coins to begin with that were spread out via PoW in the intial distribution and 2) having a healthy minting rate.
If you go too far in the other direction... a minting rate say 100% per year, your coin's nominal value devalues too much and becomes less attractive to even own by anyone who doesn't participate in the PoS process. If the minting rate is too low, say 0% or even 1%, so few people will take the effort to secure the network via PoS, and you get a problem that way too.

Mintcoin is gradually decreasing to 5% which IMO, I think will be a perfect balance for network participation, continued fungibility, and rarity.  This is the science of what makes a good currency and it can be a matter of much debate. So far Mintcoin has survived 20% last year and 15% this year (some might argue, barely survived, lol) which I think most would agree is really pushing on the "too high" side. Next year will bring about the 10% rate which should be interesting to see how the markets respond. 2017 we are down to 5% - interesting times!  Smiley
alt19
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October 28, 2015, 07:58:03 AM
 #18752

estimated MINT supply over the next 10 years?

the information is needed for http://alt19.com/19/cryptocurrency.php

thank you

Altcoin Historical Data (2014, 2015, 2016, 2017) alt19.com
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October 28, 2015, 10:51:02 AM
 #18753

Hello Community,


Is there a updated bootstrap for mintcoin at all?

Please advise.


Regards

Steak Cloud Support

Proof Of Stake And Proof Of Work Mining Platform! http://www.steakcloud.com
Diavulu
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October 28, 2015, 10:59:42 AM
 #18754

I agree completely with what you said Rick. It makes sense that if the amount of coins generated decreases and the demand stays the same, then the price should go up. Let us hope for an increase in demand. Smiley
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October 28, 2015, 11:20:40 AM
 #18755

Hello Community,


Is there a updated bootstrap for mintcoin at all?

Please advise.


Regards

Steak Cloud Support

https://link.getsync.com/#f=Mintcoin_daily&sz=12E8&t=1&s=SNTPNBS7OXQM5TZCEPZLPAGSB37LAJUF&i=CW6PY36ZAT2EPXWS7DTBOJMHJGMOXANPQ&v=2.0
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October 28, 2015, 09:13:56 PM
 #18756

The news headline at the top says: Latest stable version of Bitcoin Core: 0.11.1 [Torrent] Upgrade now -- contains important security/DoS fixes!

Does this affect Mintcoin? Should Mintcoin wallets be patched regarding this same thing?
How are the wallet developments coming along?

On a side note:

ONLY 33 DAYS LEFT TO THE MINTCOIN HALVING THIRDING!!!

Going from 15% to 10%
5%/15% = 33.3333%
33.3333% = 1/3

WATCH THE COUNTDOWN HERE!
http://www.arewethere.yt/MINTCOIN/30183.htm#.VjE0yFLLe48
Fuzzbawls
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October 28, 2015, 09:53:57 PM
 #18757

The news headline at the top says: Latest stable version of Bitcoin Core: 0.11.1 [Torrent] Upgrade now -- contains important security/DoS fixes!

Does this affect Mintcoin? Should Mintcoin wallets be patched regarding this same thing?
How are the wallet developments coming along?

The latest official release (v2.0.1.0) was built against the already patched version of miniupnpc so the security/DoS issues aren't a concern.

Development on the 2.1 wallet continues, we've been going through the past two years worth of BTC commits and bringing the MINT codebase up to date to include stability, security, expandability, and performance improvements. When everything is said and done, MINT will be among the few other coins to be on par with more recent versions of BTC (which MINT, and most altcoins) are a descendent of.

I can't give an accurate estimate of exactly WHEN the 2.1 release will be finished just yet, as both Supasonic and myself are having to work around real life obligations.

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October 28, 2015, 10:27:36 PM
 #18758

ShapeShift.io has released our instant exchange app for Android devices! Buy or sell Mintcoin with bitcoin and 45+ cryptos instantly on any Android device. Exchange anytime, anywhere: https://shapeshift.io/site/tools/shapeshift-mobile


ShapeShift.io - Instant Digital Asset Conversion/币币兑换
Sarticus
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October 29, 2015, 04:11:42 PM
 #18759

I installed 2.0.1.0 on Oct 16th, and I am minting coins, but the block chain sync is getting further and further behind.
How do I get it to synch up?
(Tried check wallet - it shows 6 mismatched spent coins, amount is 2563 coins ; repair wallet done. Started and stoped after and still getting further behind.  Repeated the check and repair wallet and got same results again <?>. )
( cant use bittorrent to get the dat files and try to 'catch up' update that way)
MarSas
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October 29, 2015, 04:38:11 PM
 #18760

If you can't use bootstrap, then I suggest backing up wallet.dat and deleting everything else. Let the wallet sync up.
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