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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1332857 times)
Arrakeen
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June 20, 2016, 03:42:30 AM
 #19521

Any news on solving the blockchain bloat problem that affects all cryptos eventually?

I know that some of you Mint guys are at the forefront in finding a solution.

glad you understand that mint isnt the only affected one by this... i will tell you it is being worked on for 2.1 push which is why it is taking so long

How do you know such a huge problem is being fixed?

Additionally, the solution won't be solved through a random coin's code alone; this is a multi-layered issue. Tongue
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June 20, 2016, 04:13:58 AM
 #19522

Any news on solving the blockchain bloat problem that affects all cryptos eventually?

I know that some of you Mint guys are at the forefront in finding a solution.

glad you understand that mint isnt the only affected one by this... i will tell you it is being worked on for 2.1 push which is why it is taking so long
I will look forward to 2.1 ... as no doubt will the Devs of other coins that have been around for a similar time.
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June 20, 2016, 04:33:58 AM
 #19523

Any news on solving the blockchain bloat problem that affects all cryptos eventually?

I know that some of you Mint guys are at the forefront in finding a solution.

glad you understand that mint isnt the only affected one by this... i will tell you it is being worked on for 2.1 push which is why it is taking so long

How do you know such a huge problem is being fixed?

Additionally, the solution won't be solved through a random coin's code alone; this is a multi-layered issue. Tongue
I think he is part of the MINT dev team, so that's how he would know. It has been a topic of discussion a lot in this Thread before too.
MINT has over 2.6-million blocks, so we are definitely aware and awake. We are not just some random coin. We are dedicated group. Crypto enthusiasts and we focus on the nitty gritty for optimal long-term coin design, more than trying to just hype our coin to the top of the charts. This is a marathon not a sprint. The coin is completely unbacked by any company or centralized institution. Mintcoin was forged as a result of community rallying behind it because we see it has a bright future. Our coin parameters and design are unique from any other coin. Many clone coins have descended from MINT. As I understand it, Mintcoin was the first coin of its type, the first coin launched that is full POS now that started as full POW for the initial distribution.

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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June 30, 2016, 01:16:13 AM
 #19524

Hey! What's new?

What is everyone's plan for the halving coming up at the end of the year? Buy more now? Sell while the rate is higher? Wait to buy later for if people dump after the halving?
New coins being minted will be cut in half, so it will be even harder to accumulate a larger pile of coins. What effect do you think this has?
I tend to think some people might dump when the rate goes down, if they expect a price rise and it doesn't happen right away, and then, the very act of them dumping, will cause the price to drop more, and really discourage people, but this will be the best opportunity. This will really shake out the weak hands, but then I think the price will turn around and go up more steadily and they will have regretted it. 
Anyway, keep up the good work! This coin is excellent. It is nice to mint more, and more each month, it is like automatically reinvesting mining operations.

Sick of mining?  Start minting!  5% per year!  Mintcoin "MINT"
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June 30, 2016, 06:33:15 AM
 #19525

I like POS but not seen MINT, only now. I should get some MINT I think, and start minting.

FREEDOM
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July 01, 2016, 02:40:48 AM
 #19526

I like POS but not seen MINT, only now. I should get some MINT I think, and start minting.

Really? You haven't seen MINT until now? MINT is one of the oldest POS coins. It was the first POS coin to be launched originally starting out as POW for the initial distribution. Takes a while to download the blockchain, but there is a bootstrap and it is a very fast transaction coin. Price tends to be more stable than a lot of others and retain it's value over the years. It has good reliable POS design so that a lot of people can participate in the POS process and get minting. It takes 20 days before coins mature for minting.

Sick of mining?  Start minting!  5% per year!  Mintcoin "MINT"
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July 01, 2016, 06:55:50 AM
 #19527

I made a countdown for the final annual reward halving to 5% for Mintcoin here: http://www.arewethere.yt/MINTCOIN-HALVING/46815.htm#.V3YKwDHLf_o

I noticed that some of the information on the front page of this thread needs to be updated.
On the Announcement Page under the "Mintcoin: Year 1 Minting Statistics"... a lot of that is outdated now. Do you think we should put up more relevant info?

For example maybe it should say should say "Mintcoin: Recent Minting Statistics" and use some of the more updated info like For example (some of the stats from coolbeans' a few posts back)


Mintcoin: Recent Minting Statistics

~Mintcoin Original Launch Date: February 06, 2014
The following stats are based on current information as of June 15th 2016:
~Block Count: 2.6-Million
~Coin Count: 23.2-Billion
~Current minting block reward rate is 10% annually
~Minting participation rate is currently at: 55%
~Annual increase in the money supply of currently: 5.5%
http://i.imgur.com/G2pZJVd.png
~Average of about 3.4-million new coins per day being minted currently
~Price Per Coin: $0.000057USD, 0.00000009BTC
~Market Capitalization: $1,322,400USD, 2,083BTC
~Price change in last 365 days: +54% in $USD.
~Expected Halving: December 2016 http://www.arewethere.yt/MINTCOIN-HALVING/46815.htm#.V3YRyDHLf_p



And also the Faucet Link needs to be updated on the front page. multifaucet link is broken need to change to cryptoguru
http://[Suspicious link removed]/Faucet/index.php?Currency=MINT
Donate to Faucet:MXNH23juP3k44wZLPNMc485BucZ3TfNbAE

Better is the patient in spirit than the proud.
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July 01, 2016, 04:27:03 PM
 #19528

Tubularwindow thanks for creating the countdown and pointing out that coolbeans data should be added to op.  Faucet also updated.
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July 05, 2016, 02:29:19 PM
 #19529

Happy Independence Day. Keep on minting my friends!

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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July 05, 2016, 10:37:16 PM
 #19530

It's strange how unlike with mining, a reward halving for minting can be so unpredictable.

The new supply will be lower, but buying coins to mint will be less effective and thus will be in less demand.

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July 06, 2016, 12:27:30 AM
 #19531

Any news on solving the blockchain bloat problem that affects all cryptos eventually?

I know that some of you Mint guys are at the forefront in finding a solution.

I actually have been working on some code to take care of this. Haven't put a lot of time into it lately though, I don't have much incentive too, but I would guess I am 75% of the way to a beta version of the code.

presstab's Block Explorer Service | available for most coins! | Richlist w/ Address Claim | Market Cap Charts | Stake Weight Tracking | PoS % Rate Tracking
PIVX - Private Instant Verified Tx | HyperStake - Fun & Easy High Reward Staking
Altcoinlover
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July 06, 2016, 12:28:25 AM
 #19532

I just discovered MINT.

From my understanding, the current minting is 5%, right ?

How will it be after halving? Really half the current % ?

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July 06, 2016, 12:37:52 AM
 #19533

buying coins to mint will be less effective and thus will be in less demand.

Everyone has their own opinion.  Wink

I actually have been working on some code to take care of this.

Nice to see presstab in the mint thread again.  Smiley

From my understanding, the current minting is 5%, right ?

Current is 10%.  Moving to 5% next halving.

Twitter @MintyAllDay
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July 06, 2016, 01:35:29 AM
 #19534

Any news on solving the blockchain bloat problem that affects all cryptos eventually?

I know that some of you Mint guys are at the forefront in finding a solution.

I actually have been working on some code to take care of this. Haven't put a lot of time into it lately though, I don't have much incentive too, but I would guess I am 75% of the way to a beta version of the code.

Is there a way this incentive can be brought back?

And @Msile: 5% is still way more banks will give on a regular account. I have made huge gains net worth wise since i invested in Mint. It was a wise choise, and still is
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July 06, 2016, 02:24:10 AM
 #19535

Any news on solving the blockchain bloat problem that affects all cryptos eventually?

I know that some of you Mint guys are at the forefront in finding a solution.

I actually have been working on some code to take care of this. Haven't put a lot of time into it lately though, I don't have much incentive too, but I would guess I am 75% of the way to a beta version of the code.

Is there a way this incentive can be brought back?

Well my own coin, HyperStake is around block 700k, so bloat will come in the mid-term for that and would incentivize me. I have paid projects I am working on on the side, so they take priority over projects that are just sort of for fun.

presstab's Block Explorer Service | available for most coins! | Richlist w/ Address Claim | Market Cap Charts | Stake Weight Tracking | PoS % Rate Tracking
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July 07, 2016, 01:34:19 PM
 #19536

are there any bountys for translations?

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July 08, 2016, 12:37:06 AM
 #19537

Hi! we created a multicurrency dice site: www.cryptosdice.com

We are looking for people that want to be part of the Mintcoin bankroll! on july 11 we are going to activated those currencies with enough bankroll. We think this is a good opportunity for Mintcoin community as it offers many advantatges:

1 - A way to spend Mintcoin - dice games are a good step in any crptocurrency development.
2 - A way for investors to earn.
3 - Mintcoin wins visibility, It will be displayed in our website next to btc or ltc. Also our site have faucet for any of the altcoins accepted.
4 - Affiliates earn coins in the original bet currency, so users that don't know about Mintcoin may find they have some balance of this currency because their referrals's earnings and start to learn about Mintcoin.

Happy betting and investing!
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July 10, 2016, 03:38:19 PM
 #19538

It's strange how unlike with mining, a reward halving for minting can be so unpredictable.

The new supply will be lower, but buying coins to mint will be less effective and thus will be in less demand.

Hi. I don't think it is really that much, if any, different than mining. In fact, in all cases I consider it better than mining.

With mining, eventually your equipment wears out, with Mintcoins, they don't wear out. If you think about the Mintcoins themselves as being your mining gear (or minting gear, rather)...they are just as good and effective a year ago as today.

When the rate goes down to 5%, the supply will rise slower, but that does not change the effectiveness of minting coins. The only thing that changes is minters will get less coins, but the effectiveness of the minting process doesn't change. Since the value of each coin you mint is a function of the price per coin, then, supply going down and demand being constant, price should eventually begin to rise to offset the reward drop. As a result, instead of the mintcoin market generating 6 million coins per day at say $0.00007 each, = $420 value per day........ once equilibrium is reached, the price should rise to offset that.........say 3 million coins per day at $0.000140 each = $420 value per day, so the value of what you are minting stays the same. But keep in mind that the price change will probably not happen overnight. If the price doubles, that also means the value of all prior mined and minted coins double in value too! So what you can save away today, could pay off even more later. But there will be probably be profit takers along the way up too, so finding equilibrium could take a while....but it might not...there are a lot of other factors to consider such as, that the mintcoin market cap is relatively small compared to a coin like bitcoin so bigger moves can happen quickly, and for no apparent reason. So true value (coins generated x price) shouldn't change. But that doesn't mean it won't change.

Some people are attracted to high reward annual percentage rate (APR), others are attracted to prices moving up. I believe Mintcoin intends to find a balance of both worlds. Too high of a APR, and too many coins flood the market, causing price depression and instability, and nobody will want to hold the coins unless they are able to be staking/minting their coins, but not everyone can or will do this. Who wants to stake a worthless coin? And it is probably not fair to those who aren't interested in computers and minting, if they just want to collect a few coins but not stake/mint them, then their value of their coins will be devalued quickly over time. So we need less coins being added to the supply, to help keep prices up. But on the other-hand, too low of a APR is not good either, as it could create fungibility problems with too few coins in circulation to be of any use for trade, and too low of a rate, nobody will bother even staking/minting to securing the network, which is very important, or you don't have a coin at all!

So I believe Mintcoin will have the good balance of both worlds and that the prices should continue to steadily rise, and at 5% in a year, the minting is rewarding enough for those who put in the effort to do it, but not so high as to be unfair for people who don't mint/stake. We want our coins to hold value for all people, not just stakers/minters. Hopefully this will help create demand for MINT from all types of people.

This is the challenge of trying to make a perfect coin that pleases everybody, but I believe MINT comes pretty close.

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July 16, 2016, 11:48:53 AM
 #19539

Hi,
Quick chart - Weekly view.
I'm expecting a breakout of the trendline (white dashed line) with 42/47 sat as target.

https://www.tradingview.com/x/e0mh5YTb

Keep on minting Wink
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July 16, 2016, 09:19:07 PM
 #19540

Hi,
Quick chart - Weekly view.
I'm expecting a breakout of the trendline (white dashed line) with 42/47 sat as target.



Keep on minting Wink

I was not aware that TradingView had any Mintcoin charts... Thank you for bringing this to my attention.
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