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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1312398 times)
CryptoJohn
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December 05, 2016, 06:55:12 PM
 #19821

Buy$Polar, what's your motive?

You can have an opinion but your not providing any supporting data or adding to the conversation.

His motive is to primarily spread negative opinion. Check out his post history, all negative. Maybe a shill account used just for FUD.

good candidate for the ignore feature  Grin

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coolbeans94
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Mintcoin: Get some


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December 06, 2016, 02:36:58 AM
 #19822

Latest Mintcoin Statistics:

According to the best data I can find, Mintcoin's POS reward was at the 10% APR for a total of approximately 347 days, and produced 1.3 billion coins in that time. From approximately 22.6 billion coins on 12/21/2015 to 23.9 billion on 12/2/2016. This means the MINT network produced an average of 3.75 million new coins per day during that time. This works out to about a 6.1% APR increase in the money supply. If every Mintcoin in existence was consistently minting, then we would expect a 10% increase in the money supply during this time. But this is not the case, and from this we can see that only about 60.1% of the coins were actually actively minted (minting participation rate).

This demonstrates essentially why it pays to be a minter:
In the last year, minters received approximately 10% APR increase in their coins, while the inflation of the money supply was only 6.1%. So the minter outperforms the increase in the money supply (inflation effects) by approximately 64%.

Mintcoin's POS reward is now at 5% APR so all else equal, the money supply will increase by about 650 million coins or 3.05% over the coming year. Minters will receive 5% APR, thus still outperforming the increase in the money supply (inflation effects) by approximately 64%.

Keep in mind why it is good to be a minter:
  • The minter, will always outperform the inflation rate because not all coins are minted.
The minter, will always outperform the inflation rate because not all coins are minted.
Many coins have been lost over the years and are out of circulation, but all coins that exist are still considered part of the money supply as there is no way to accurately account for them as some may be held on exchanges or offline or not minted for whatever reason. As long as you are consistent to mint at least once per year you will get the full 5% APR which will always be more than the inflation rate.



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(2.) Moral order depends upon the harmonious action of all our powers, as
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keyboard warrior
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December 06, 2016, 11:12:38 PM
 #19823

MINT RIP  Cry





presstab
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December 06, 2016, 11:37:00 PM
 #19824

Out of curiosity... how is MINT handling its age? Is the blockchain bloat causing any problems? How disk space does it consume? How much memory? CPU?

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crzybilly
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December 07, 2016, 03:56:06 AM
 #19825

Out of curiosity... how is MINT handling its age? Is the blockchain bloat causing any problems? How disk space does it consume? How much memory? CPU?

hello presstabs,

as you maybe aware, the mint team likes to keep a low profile on the changes until testing is completed... what i can say is CPU utilization is better then before but other changes are really being kept hush hush within the team... this prevents false hype and failed delivery promises.

we've run into a few bumps but nothing that is stone walling us from pressing forward (see what i did there lol). as some have noticed there were tests on the live chain with a specific client version. we look forward to provide a full run down of features and fixes once we deem the client stable.
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December 07, 2016, 04:16:02 AM
 #19826

Out of curiosity... how is MINT handling its age? Is the blockchain bloat causing any problems? How disk space does it consume? How much memory? CPU?

My Uncompressed current version datadir size is ~3.5GB, the compressed blockchain dat is ~1.2GB. CPU usage was improved a bit as well. Memory usage still remains high, though over the past year's worth of blocks it hasn't increased much.

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December 07, 2016, 04:45:47 AM
 #19827

Does Mintcoin have any future plans in the works? I have a few thousand mints that I just found in an old wallet haven't sold wanna keep them and start minting them if there's any future for Mint
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December 07, 2016, 05:09:21 AM
 #19828

Does Mintcoin have any future plans in the works? I have a few thousand mints that I just found in an old wallet haven't sold wanna keep them and start minting them if there's any future for Mint

We're working on a number of projects at the moment:
Proposed revisions/changes to the existing line of desktop wallets (https://github.com/MintcoinCommunity/MintCoin-Docs/blob/master/Wallets/2.0-Proposed_Revisions.md).
Physical trading card game in which some cards act as paper wallets (http://mintymintcoin.com/MintCards.html)
Also the long project of overhauling desktop wallets completely (details forthcoming)

presstab
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December 07, 2016, 06:07:59 AM
 #19829

Out of curiosity... how is MINT handling its age? Is the blockchain bloat causing any problems? How disk space does it consume? How much memory? CPU?

My Uncompressed current version datadir size is ~3.5GB, the compressed blockchain dat is ~1.2GB. CPU usage was improved a bit as well. Memory usage still remains high, though over the past year's worth of blocks it hasn't increased much.

Interesting, I would have expected the load to have increased much more. Maybe some of the changes you folks have made have helped slow down the memory usage creep.

presstab's Block Explorer Service | Only $10/mo 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
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December 07, 2016, 03:14:45 PM
 #19830

Out of curiosity... how is MINT handling its age? Is the blockchain bloat causing any problems? How disk space does it consume? How much memory? CPU?

My Uncompressed current version datadir size is ~3.5GB, the compressed blockchain dat is ~1.2GB. CPU usage was improved a bit as well. Memory usage still remains high, though over the past year's worth of blocks it hasn't increased much.

Interesting, I would have expected the load to have increased much more. Maybe some of the changes you folks have made have helped slow down the memory usage creep.
Last I checked on my windows wallet, it was using about 1.2GB of RAM on my laptop . CPU usage is pretty much the same as it always has been about 20-40% of my quad core 1.40GHz AMD processor. Blockchain is only 2GB file.

Stop Mining.   Start Minting.   Mintcoin  [MINT]
5% annual minting reward. Mintcoins don't wear out like mining gear. They keep on minting!
crzybilly
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December 07, 2016, 09:55:10 PM
 #19831

Out of curiosity... how is MINT handling its age? Is the blockchain bloat causing any problems? How disk space does it consume? How much memory? CPU?

My Uncompressed current version datadir size is ~3.5GB, the compressed blockchain dat is ~1.2GB. CPU usage was improved a bit as well. Memory usage still remains high, though over the past year's worth of blocks it hasn't increased much.

Interesting, I would have expected the load to have increased much more. Maybe some of the changes you folks have made have helped slow down the memory usage creep.
Last I checked on my windows wallet, it was using about 1.2GB of RAM on my laptop . CPU usage is pretty much the same as it always has been about 20-40% of my quad core 1.40GHz AMD processor. Blockchain is only 2GB file.

Derek,

Presstab was talking about the new client currently in testing, well that's the results fuzzbawls provided them for anyways... there are some changes in the work that will lower the size for the blockchain so a lot of positive in the works, we just focusing on working through the bugs we find.
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December 08, 2016, 05:44:52 AM
 #19832

My main question and concern is the RAM usage. Why is it so high and steadily keeps rising? I'd like to know what causes it. Any ideas what could be done to calm that down?

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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December 08, 2016, 09:54:05 PM
 #19833

My main question and concern is the RAM usage. Why is it so high and steadily keeps rising? I'd like to know what causes it. Any ideas what could be done to calm that down?

Hello Derek,

RAM usage is high due to all the data being read constantly, while we could offload some of the data being accessed to disk, that would just cause disk I/O to go up and the trade off isn't really worth it in our eyes, although that isn't to rule anything out, we will continue to evaluate the situation and make improvements where we can.
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December 08, 2016, 10:58:36 PM
 #19834

My main question and concern is the RAM usage. Why is it so high and steadily keeps rising? I'd like to know what causes it. Any ideas what could be done to calm that down?

Hello Derek,

RAM usage is high due to all the data being read constantly, while we could offload some of the data being accessed to disk, that would just cause disk I/O to go up and the trade off isn't really worth it in our eyes, although that isn't to rule anything out, we will continue to evaluate the situation and make improvements where we can.
Seems like it's going up at a pace of 500MB per year. I suppose that's not too bad; this could be worse.  But at this rate, in 30 years that would put us at about 15GB of RAM though lol. Not sure if this is a real problem considering most good new computers already have that much RAM. I guess if we have the ability to offload it if needed, then that's good. Could we make multiple wallet versions, like a low RAM version for people that may not much to spare? Just curious.

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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December 09, 2016, 12:09:47 AM
 #19835

Does Mintcoin have any future plans in the works? I have a few thousand mints that I just found in an old wallet haven't sold wanna keep them and start minting them if there's any future for Mint

We're working on a number of projects at the moment:
Proposed revisions/changes to the existing line of desktop wallets (https://github.com/MintcoinCommunity/MintCoin-Docs/blob/master/Wallets/2.0-Proposed_Revisions.md).
Physical trading card game in which some cards act as paper wallets (http://mintymintcoin.com/MintCards.html)
Also the long project of overhauling desktop wallets completely (details forthcoming)
Thank you very much for replying.. also good to hear mint is still being worked on, very interesting physical trading card game acting as paper wallet sounds interesting. Will wait for the details for desktop wallets

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December 10, 2016, 10:01:40 PM
 #19836

Is it all official now? MINT is complete now at 5% per year and everything is going to be constant at this rate; smooth sailing from here on out; no more rate changes?
This is important to know for the future for planning and for economic reasons.
(I am in talks with a top- credentialed Austrian school economist). I will let you know more soon. Smiley

Austrian School Economist
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December 10, 2016, 10:38:43 PM
 #19837

Yeah, 5 %. Unless the community decides to make changes.
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December 12, 2016, 12:45:14 AM
 #19838

Yeah, 5 %. Unless the community decides to make changes.

Right, but that would require hard forking. Correct?

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December 12, 2016, 12:48:00 AM
 #19839

Yeah, 5 %. Unless the community decides to make changes.

Right, but that would require hard forking. Correct?

yes.

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December 15, 2016, 02:50:02 PM
 #19840

Do you enjoy brutality and destruction directed at actual Mint Cards?  Join me today on Periscope at 12 pm EST.   Cheesy

The purpose of this video is to document the BURN or absolute destruction of Mint Lotus Alpha cards so existing cards become more rare. 
More info:  http://www.mintymintcoin.com?MintCards.html

Twitter @MintyAllDay
MintyMintcoin.com
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