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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1343065 times)
MintyAllDay
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December 29, 2016, 03:17:24 PM
 #19841

54 29 Mint Lotus Alpha Cards currently exist.  15 are still available as of Dec. 29th.  NONE will be available after Dec. 31st.

Want to pickup a Mint Lotus with mint, btc, or another currency?  Shoot me a PM.

At the current rate of burn I loosely expect about 15-25 Mint Lotus cards to exist in total.  Burn rate will increase leading up to Jan. 1st.

Development on an all new card #2 continues.  I hope to have more info on the second release in Jan.

STAY MINTY!

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December 30, 2016, 01:25:50 AM
 #19842

54 29 Mint Lotus Alpha Cards currently exist.  15 are still available as of Dec. 29th.  NONE will be available after Dec. 31st.

Want to pickup a Mint Lotus with mint, btc, or another currency?  Shoot me a PM.

At the current rate of burn I loosely expect about 15-25 Mint Lotus cards to exist in total.  Burn rate will increase leading up to Jan. 1st.

Development on an all new card #2 continues.  I hope to have more info on the second release in Jan.

STAY MINTY!

Out of curiosity, I just don't get, why are you burning the cards?
It seems to me burning the cards makes as much sense as sending a bunch of MINT to a wallet and then burning it so the coins are lost forever.
I mean you can do whatever you want with your own property, but if it is rational to destroy some of the cards you worked/labored to create, wouldn't it also be rational to destroy some of the MINT you worked/labored to create?
If it is not rational, why are you doing it?
If it is rational, then why don't you destroy some MINT too and send some coins to the card you are burning up, and by destroying the MINT, make MINT rarer too???
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December 30, 2016, 03:39:59 AM
 #19843

Out of curiosity, I just don't get, why are you burning the cards?
It seems to me burning the cards makes as much sense as sending a bunch of MINT to a wallet and then burning it so the coins are lost forever.
I mean you can do whatever you want with your own property, but if it is rational to destroy some of the cards you worked/labored to create, wouldn't it also be rational to destroy some of the MINT you worked/labored to create?
If it is not rational, why are you doing it?
If it is rational, then why don't you destroy some MINT too and send some coins to the card you are burning up, and by destroying the MINT, make MINT rarer too???

Users may be familiar with general coin burn and why such a thing would be done in various scenarios.  Why not play with supply and demand concepts in a unique and verifiable manner?  Fun burn vids serve as marketing and promotion and adjust the initial supply for true Lotus rarity.  Have you ever seen minty green fire?  It is magical.   Cool

I suppose burning actual mintcoins could be done as well if that excites you.

But consider this...

John Doe receives a Mint Card.  He can verify that only #XX exist and see that half of the initial cards were burned.  This allows John and everyone around him to understand the true rarity of his collectable.  
On the other hand, John Doe burns a bitcoin.  He starts a website on why his remaining bitcoins are worth more based on this burn and shows this website to someone whom he then tries to sell the remaining coins to.  Does this make the coins more valuable to the buyer or the marketplace in a real world scenario?  Unlikely.  21 Million vs. 54.

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December 31, 2016, 10:36:26 PM
 #19844

Cheesy HAPPY NEW YEAR MINTERS! Cheesy

As an encouragement and reminder to us all, I just did an updated analysis of why Minting > Mining:

As some of you may know, years ago, (wow it's been that long), I used to be a bitcoin miner, but I eventually realized how it quickly it became a waste. The only returns you get from mining bitcoin is when the coin gets pumped, so you can sell your coins to recover your mining costs, but then you must re-invest in newer, stronger mining technology, so you can mine more and hope to get your Bitcoin back again. Strangely this pumping cycle seems to be happening over and over again and may be happening now once again. But maybe this analysis I put together for you will help illustrate my point, that in terms of BTC itself, mining for BTC does not actually pay for itself or recover the costs.
Keep in mind, I am not saying my calculations on this are perfect, or that you will get exact results. I used various websites for calculations and did several calculations in my spreadsheet to derive my results. If you want, you should do your own research too to verify my claims, and to check if I did something wrong too. I would like to know if anything can be improved. Also, there are many other 3rd party risks and factors in mining to consider such as pool down-time/efficiency, difficulty changes, global hash-power changes, stale/reject/orphan rates, and luck. Also exchange rates changes. But this analysis is assuming stable exchange rates, difficulty etc.

Mining or Minting? How to Calculate and Compare Potential Investment Return Profitability:


An observation and point to take away from this is, this analysis uses only the price of crypto. MINT to BTC is crypto to crypto only. No fiat money fluctuations are considered here. So on a purely crypto-only level it is a loss to mine for BTC because the cost of mining for it outweighs the final getable return (theoretically this becomes a true statement on all mineable coins after 50% of the total coins are mined). However it a gain to mint for MINT because the cost of minting is nominal. This analysis assumes a stable exchange rate. However, if the price of Bitcoin in fiat money gets pumped up really fast, the exchange rate of MINT/BTC will probably go down, and if BTC gets dumped really hard the exchange rate of MINT/BTC will probably go up. This has happened before in the past if you look on the charts, price fluctuates. But since this is not verily knowable, I assume an exchange rate at the current market price and constant. Bottom line is, it doesn't matter what the fiat money exchange rates are doing, keep in mind this is a crypto-to-crypto comparison. MINT minting vs BTC mining, and in this analysis MINT is the winner all else equal. I haven't tested this against all mining algorithms, but I would expect similar results.
My Conclusion: It doesn't make sense to invest your crypto, in mining for crypto. If you want to invest your crypto in order to gain more crypto, it makes sense to invest your crypto in minting. Maybe this helps some people understand the mining fallacy, and next time you go to invest BTC in Bitcoin mining rigs, consider exchanging it for MINT to invest in Mintcoin minting coins.

Sick of mining?  Start minting!  5% per year!  Mintcoin "MINT"
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January 02, 2017, 01:25:41 AM
 #19845

It's 2017 and MINT is still in the top 100 coins!  Roll Eyes 
Congrats! Happy new year, and Happy minting!

(1.) Moral happiness depends upon moral order.
(2.) Moral order depends upon the harmonious action of all our powers, as
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January 02, 2017, 03:30:32 AM
 #19846

~Historical Snapshot~

[If you know someone looking for a good investment, print this off and show them]




(1.) Moral happiness depends upon moral order.
(2.) Moral order depends upon the harmonious action of all our powers, as
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January 02, 2017, 04:22:31 AM
 #19847

This may be a useful link for you OP

https://www.coinhills.com/market/mint/ Shows all markets even a few of the fun ones

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January 02, 2017, 05:28:44 AM
 #19848

~Historical Snapshot~

[If you know someone looking for a good investment, print this off and show them]





That's impressive. I never knew MINT held its own so well throughout the years. Anybody know what innovations or developments are planned for MINT this coming year?
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January 02, 2017, 05:53:49 AM
 #19849

That's impressive. I never knew MINT held its own so well throughout the years. Anybody know what innovations or developments are planned for MINT this coming year?

https://github.com/MintcoinCommunity/MintCoin-Docs/blob/master/Wallets/2.0-Proposed_Revisions.md
http://mintymintcoin.com/MintCards.html

Also, work continues on the new 2.1 client. Hoping to have an official statement ready later this month (dependent on how much other work I end up having).

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January 02, 2017, 05:11:38 PM
 #19850

That's impressive. I never knew MINT held its own so well throughout the years. Anybody know what innovations or developments are planned for MINT this coming year?

https://github.com/MintcoinCommunity/MintCoin-Docs/blob/master/Wallets/2.0-Proposed_Revisions.md
http://mintymintcoin.com/MintCards.html

Also, work continues on the new 2.1 client. Hoping to have an official statement ready later this month (dependent on how much other work I end up having).

This looks promising. Thank you @Fuzzbawls for the information.

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January 02, 2017, 07:43:50 PM
 #19851

https://github.com/MintcoinCommunity/MintCoin-Docs/blob/master/Wallets/2.0-Proposed_Revisions.md
http://mintymintcoin.com/MintCards.html

Also, work continues on the new 2.1 client. Hoping to have an official statement ready later this month (dependent on how much other work I end up having).

I have a question regarding this in the 'For Future Consideration' section on GitHub:

"    Input Split/Combine. Management of a large number of inputs is tedious over a long period of time. As inputs are minted, they are split in half (unless they fall below the staketime threshold) which eventually results in the need to recombine inputs to maintain a reasonable minting time post-maturity. This feature makes the process much less time consuming, at the cost of a higher transaction fee.

Core / BackEnd Revisions:


    StakeSplitThreshold. Allow users to set a coin-value threshold for splitting an input upon minting. This will reduce the need to manually recombine resulting low-value inputs from the splitting that occurs when an input mints."


My question is,
If the splitting parameters are changed, doesn't that increase the risk to stall transactions on the network? If I understand correctly, every block needs a mature stake to run on; since each block is 30 seconds, and there is 20 days before a stake is mature, there needs to be at least 57,600 stakes to ensure the network doesn't stall. It would also create a much more volatile difficulty. Is there something I am missing here?

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individuals and as members of society.
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January 03, 2017, 11:07:19 AM
 #19852

We are planning on setting up some discounts for orders paying with Mintcoin over the next few weeks on CryptoCloudHosting.org

If anyone has any ideas of any other offers / discounts you would like us to run with Mintcoin let me know.

Fallen down the crypto rabbithole!
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January 03, 2017, 06:08:23 PM
 #19853

That's impressive. I never knew MINT held its own so well throughout the years. Anybody know what innovations or developments are planned for MINT this coming year?

https://github.com/MintcoinCommunity/MintCoin-Docs/blob/master/Wallets/2.0-Proposed_Revisions.md
http://mintymintcoin.com/MintCards.html

Also, work continues on the new 2.1 client. Hoping to have an official statement ready later this month (dependent on how much other work I end up having).

It's great to see devs are still working on MINT, I'm still holding and staking 1 million MINTs since the beginning

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January 04, 2017, 01:59:46 AM
 #19854

We are planning on setting up some discounts for orders paying with Mintcoin over the next few weeks on CryptoCloudHosting.org

If anyone has any ideas of any other offers / discounts you would like us to run with Mintcoin let me know.

Excellent. Thank you for your service.

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January 04, 2017, 02:19:55 AM
 #19855

https://github.com/MintcoinCommunity/MintCoin-Docs/blob/master/Wallets/2.0-Proposed_Revisions.md
http://mintymintcoin.com/MintCards.html

Also, work continues on the new 2.1 client. Hoping to have an official statement ready later this month (dependent on how much other work I end up having).

I have a question regarding this in the 'For Future Consideration' section on GitHub:

"    Input Split/Combine. Management of a large number of inputs is tedious over a long period of time. As inputs are minted, they are split in half (unless they fall below the staketime threshold) which eventually results in the need to recombine inputs to maintain a reasonable minting time post-maturity. This feature makes the process much less time consuming, at the cost of a higher transaction fee.

Core / BackEnd Revisions:


    StakeSplitThreshold. Allow users to set a coin-value threshold for splitting an input upon minting. This will reduce the need to manually recombine resulting low-value inputs from the splitting that occurs when an input mints."


My question is,
If the splitting parameters are changed, doesn't that increase the risk to stall transactions on the network? If I understand correctly, every block needs a mature stake to run on; since each block is 30 seconds, and there is 20 days before a stake is mature, there needs to be at least 57,600 stakes to ensure the network doesn't stall. It would also create a much more volatile difficulty. Is there something I am missing here?

These are both convenience features that won't be changing any of the default split/combine values.

The first is a GUI element to ease the process of combining multiple inputs after they have staked, something many people currently do manually. It can also be used to split large inputs into smaller, multiple, inputs.

The second is a way for a user to set their own threshold (within a defined range) whereby a minted input's resulting split would be governed by that threshold. This is something that will need to be explicitely set to take effect, otherwise the standing split rules will apply by default. It is also worth mentioning that the current split thresholds often lead to inputs of such a small size that they take a considerable time to stake. I've observed inputs that took well over a year to finally stake (though they stopped gaining weight at 40 days, so it was by pure luck that the input managed to create a block).

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January 04, 2017, 03:10:03 AM
 #19856

~Historical Snapshot~

[If you know someone looking for a good investment, print this off and show them]




That's very interesting definitely great for mintcoin I still have some mints from long ago willwarch this thread to see what's going on in 2017 with mints
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January 04, 2017, 05:11:52 PM
 #19857

The Mint Lotus Alpha promotion is now over.  Thanks everyone for playing along in this grand alpha experiment.

54 Mint Lotus cards were printed.  39 cards were burned.  15 Mint Lotus cards are now in existence.

Additional proof of burn videos will be posted in the days to come.

Card #2 will have a whole new design and theme.  It will likely be sold outright at a much lower cost.  I hope to make hologram improvements which will further benefit card security.  Burn videos/media could happen with card #2 but will be more random, without a particular pre-defined schedule.  I expect an announcement sometime this month.  Release could be this month but is more realistic in Feb.  Some mint contributors will still receive complimentary cards.

There is STILL a chance to get one of the 15 Mint Lotus Alpha cards.  You can see the card listed at #52 is being held for a future giveaway.   SO minty and rare.  Cool

GO GREEN 2017.

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January 04, 2017, 05:37:16 PM
 #19858

Just received our Mint Lotus Alpha card! Thanks guys!

Posted a picture on Twitter: https://twitter.com/cryptocloudhost/status/816698924362825730

Would love to have some of these (and the stickers) at CoinFestUK2017!

Fallen down the crypto rabbithole!
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January 05, 2017, 12:27:24 PM
 #19859

Hi,

any idea why latest wallet cannot connect? All other wallets are connecting fine just the mintcoin one is at 0 active conections Sad

Thanks and Happy new Year Guys
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January 05, 2017, 04:29:24 PM
 #19860

Hi,

any idea why latest wallet cannot connect? All other wallets are connecting fine just the mintcoin one is at 0 active conections Sad

Thanks and Happy new Year Guys

You shouldn't be experiencing any issues.  What version of the client are you running?  How long have you left the wallet open?

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