[ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]

[kopam]

I ate the wall  come on guys throw more at me

damn you ! wait for me !

[publicjud]

I ate the wall  come on guys throw more at me

It wasn't just you

[publicjud]

I would love for someone to address my question:

I do not understand why this coin has a max coin limit?

Why not 5% interest indefinitely?

[Zombie123]

I ate the wall  come on guys throw more at me

It wasn't just you

Thats right my BTC came in late too so I ate few BTC worth only  .. lets eat more

[Bilgoosta]

I would love for someone to address my question:

I do not understand why this coin has a max coin limit?

Why not 5% interest indefinitely?

20 years theoric and 30-40 years real isn't enough for you ?

[Kergekoin]

How do you calculate the PoS reward? Is it daily?

Mininum interest payout period is 20 days. Maximum 40 days.  Reward is calculated to yearly.

Where do you get that 40 days from?

From source code.

I believe you are referring to this:

Code:

unsigned int nStakeMinAge = 60 * 60 * 24 * 20;	// minimum age for coin age: 20d
unsigned int nStakeMaxAge = 60 * 60 * 24 * 40;	// stake age of full weight: 40d

It looks like the last integer is only used for some reliability weighting algorithm, and not actually when calculating the interest.

Code:

    // v0.3 protocol kernel hash weight starts from 0 at the min age
    // this change increases active coins participating the hash and helps
    // to secure the network when proof-of-stake difficulty is low
    int64 nTimeWeight = min((int64)nTimeTx - txPrev.nTime, (int64)nStakeMaxAge) - nStakeMinAge;
    CBigNum bnCoinDayWeight = CBigNum(nValueIn) * nTimeWeight / COIN / (24 * 60 * 60);

I think this must be the test checking how many coins qualify for interest, and there is no reference to nStakeMaxAge here

Code:

        if (block.GetBlockTime() + nStakeMinAge > nTime)
            continue; // only count coins meeting min age requirement

        int64 nValueIn = txPrev.vout[txin.prevout.n].nValue;
        bnCentSecond += CBigNum(nValueIn) * (nTime-txPrev.nTime) / CENT;

Correct. I misunderstood hes question earlier. I thought he asked for payout periods, not interest percent calculation.
Stake reward calculation formula starts from L968 @ main.cpp.  Maxmintproofofstake is given on L38 @ main.h

[Danz0r77]

Did MINT kill CoinMarket...

[rahleurfan]

This coin is definitely the best altcoin!
I need to buy and mine more !

[mintcointeam]

CoinMarket.io is adding MINT/BTC today!

Awesome news! Thank you!

[publicjud]

I would love for someone to address my question:

I do not understand why this coin has a max coin limit?

Why not 5% interest indefinitely?

20 years theoric and 30-40 years real isn't enough for you ?

Well, why shouldn't it always pay 5% interest?  But I was under the impression the 5% stopped on the 4th year.

[HackaB321]

When should we exactly enter in the third week of block reward (the day after tomorrow?)

[nickenburg]

When should we exactly enter in the third week of block reward (the day after tomorrow?)

Ye i think we will see it halving tommorow or the day after, according to the starting date of this coin.

[fzh20085]

When should we exactly enter in the third week of block reward (the day after tomorrow?)

the second halving is on Friday.

[Kergekoin]

I would love for someone to address my question:

I do not understand why this coin has a max coin limit?

Why not 5% interest indefinitely?

20 years theoric and 30-40 years real isn't enough for you ?

Well, why shouldn't it always pay 5% interest?  But I was under the impression the 5% stopped on the 4th year.

At current state 5% yearly interest will last until total of 70B coins is reached. And even this cap can be raised any time.

[Alakazam2000]

Wow at the volume :O Sell walls disappearing so fast!

[Rocou]

Mac wallet still does not work. (OSX Mavericks, last version)

[publicjud]

I would love for someone to address my question:

I do not understand why this coin has a max coin limit?

Why not 5% interest indefinitely?

20 years theoric and 30-40 years real isn't enough for you ?

Well, why shouldn't it always pay 5% interest?  But I was under the impression the 5% stopped on the 4th year.

At current state 5% yearly interest will last until total of 70B coins is reached. And even this cap can be raised any time.

thank you for explaining to me.  I guess I'm still not sure why put a cap on it even.  If 5% is a good idea for the next 40 years, why not the next 400?

[publicjud]

Mac wallet still does not work. (OSX Mavericks, last version)

It looks like the mac osx wallet is still on version 1

Someone needs to do a version 3 build.

[bizzargin]

The last 5 pages have been awesome to read.

Coinmarket.io and CoinmarketCap.com??   Great stuff.

Great job team!  The future looks bright for this coin.  Get your hashes in now because once it is on coinwarz.com, you'll be fighting for them.

[Hampuz]

whow, you guys pushing down the price hard over at coinmarket.io