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

[mintcointeam]

And now ladies and gentlemen...
MINT on Poloniex!

https://poloniex.com/exchange/btc_mint

[Articos]

mint is going crazy on poloniex at the moment 

[broken_pixel]

jany8293, there was a forgotten mistake, can you PM your adress please ?

I liked the FB page also and posted my mint address I label as donations. I looked through my transaction and only see deposits from pools, so I never received the supposed mint for liking the Mint FB page?

[poochi]

moneysupply: 15 billion, reward halving again soon. Figure price will be at least 20 satoshi's in 2 weeks™

After next block halving range is likely to be 8 to 16 satoshi range. As supply reduces price is driven upwards. 100 satoshi potential within 5 weeks. I absolutely believe this likely by community support.

For that to happen sell walls will need to move up and buys will have to buy up the current walls. If it becomes rare enough I believe it could be possible. There's a lot of coins on the exchanges right now. One of the disadvantages of the speedy block halving until the minting process is that you need the distribution to be quick, however I believe the current prices are misleading, as this is what happens when a coin is released on exchanges early on; it gets dumped. It's true of any Cryptocurrency.

What people aren't taking into account is the scarcity principle. If enough people came along and bought up the current Mint with a few BTC, what do you think will happen to the price? It will go up. But it would then go straight back down. Why? Difficulty and coin generation.

But..

Once the block rewards reach 1 (or end entirely. I'm still not sure sure on this point), there will be no more huge influx of mined coins to dump, so the downward pressure on the price will decrease significantly, and with the increased scarcity, the value of holding mint due to the minting process, and the inability to crash the price as it increases due to an inability to mass dumping, it all adds up to a coin that looks worthless now, but I assure you it will not in a few weeks.

I feel loathe to explain this as I'm still mining as much Mint as I can before this happens, but I just wanted to explain exactly what's going to happen before it does happen. If only to say "I told you so".

Enjoy these early days.

Why would you even bother with Mint when there is a new coin released every day?  (when it's scarce)

People can choose to ignore it, how do you generate demand over all other coins? (and BTC)

[niteryder]

http://mnt.allpoolz.com
- Always 0% fees!
- Port 3333 mining
- DDoS Protection
- Database off-loading (faster more reliable)
- Email support
- US Server

Spread the power!  We need moar!

[bodenliu]

quite large volume of transactions today

[popman2013]

And now ladies and gentlemen...
MINT on Poloniex!

https://poloniex.com/exchange/btc_mint

vow,support MINT 

[broken_pixel]

Trade Volume:
65.979 BTC

[bodenliu]

How about winning 10,000 MINTCOINS ?

http://coinok.pw/scratch/mint

what a stupid game....

[PCJargon]

As 700.000.000 coins was premined wouldn't it be fair if it was publicly reported how these coins are used?
Every bounty payout, giveaway etc together with current balance posted to the community.

I think that would be fair just to show they don't plan to just dump them when trading volume is high enough.....

If you examine the block explorer you see that the premined coins where instantly split between several addresses and then split again multiple times. Why do that? Why not keep them on one address?

Just a thought....

Agreeed. For example, when I just begun to join the MintCoin community, and did a Facebook like, expecting the 10,000 give-away, but never received, and no explanation as well, so I still have some bad impression for the organizer's honesty.

Same here, never got a response to my comment on that giveaway.

[dotcoin.info]

mint is climbing steadily!!

[Jeezy911]

Crap what do I mine Flappy or mint? they are both awesome.

[Zukii]

So after the PoW phase, (3 weeks) then block reward is only 1 coin.  And then all PoS minting.  But to mint PoS you only need to turn on your wallet once every 20 days.  So who will be running the block chain (securing transactions) after PoW phase?

this is what i was wondering too.
i assume its still PoW from miners, but with no one mining (or very few) it would be very easy to 51%.

someone please correct if I'm wrong

[Nullu]

So after the PoW phase, (3 weeks) then block reward is only 1 coin.  And then all PoS minting.  But to mint PoS you only need to turn on your wallet once every 20 days.  So who will be running the block chain (securing transactions) after PoW phase?

this is what i was wondering too.
i assume its still PoW from miners, but with no one mining (or very few) it would be very easy to 51%.

someone please correct if I'm wrong

PoS takes over as the dominant mining process, and as coins age at from the point they were mined, someone will always be minting somewhere to generate new network blocks. To 51% attack with PoS you'd need to hold 51% or more of all Mint,

[Zukii]

So this requires a hard fork?

If not, will PoS already start to work during PoW phase? (Since it's >20 days long)

[Nullu]

So this requires a hard fork?

If not, will PoS already start to work during PoW phase? (Since it's >20 days long)

No hard fork required. PoS is already in the coin as far as I'm aware. Minting may not start until after the block halvings. So 5 weeks from when Mint launched. I believe your coin still mature (age) until then, but the devs would need to clarify these other points.

PoS works by working out how old your coins are. The age resets when they move. Age starts from when the coins enter your wallet.

Coins that have matured will go into Stake in your wallet and you are effectively PoS mining with your stake. Think of it like a hashrate, but the block rewards depend on the size of the stake. After that those coins move back to your balance, their age is reset and it goes on like that. The more you mine now the more frequently you will mint due to the spread of different coin ages,

[broken_pixel]

PPLNS Target   79223
 
Round Shares Submitted shares since last found block (ie. round shares)
Est. Shares   79,052 (done: 118.58%)
Pool Valid   93,737
Your Valid   448
Pool Invalid   1,829 (1.91%)
Your Invalid   0 (0.00%)
 
MNT Estimates
Block   955.86588007
Fees   9.55865880
Donation   0.00000000
Payout   946.30722127
 
Network Info
Difficulty   19.29974554
Est Next Difficulty   21.16864877 (Change in 1846 Blocks)
Est. Avg. Time per Block   0 minutes 30 seconds
Current Block   38477

[Kergekoin]

PoS is integrated from beginning. PoS starts ticking after 20 days of maturity. So if you got your coins in day one, then you should see your first PoS blocks in 7-8 days.

[kopam]

And now everyone starsts mining and difficulty goes 23+ haha

[broken_pixel]

And now everyone starsts mining and difficulty goes 23+ haha

Not me   3458812.832839 MINT

Far from big time miners.

I switched back and forth Mint/HBN, be good.