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

[guidosuller]

I'm not going to sell for the next three years!!!


PD: if any problem occurs

[philipvdlinde]

Same thing here you would be an idiot to sell your coins now. I have 9,5 million of them and I think they can obtain massive value in the next 2 months.

[Alakazam2000]

That 40+ btc buy wall... some big whales is looking at this coin... don't sell now

[cycoinminer]

Without searching through 100+ pages, can someone tell me the following - as it's NOT in the FAQ in the front.

Year one, your coins earn you 20% interest.
Year two, they only earn you 15% interest.

So, why not, at the end of year 1, simply transfer all your coins to a new wallet, and so the coins start earning 20% interest again (and not 15%)?

Thanks in advance

Coinyear is chained to entire blockchain, not to your personal address, balance or wallet. In other words, its calculated globally, not locally.
The only way to change interest is through hard fork.

OK, that makes sense.
On that basis, I take it the POS minted coins start to earn interest at the same rate as every other coin that exists? ie if you earn 1m POS coins in year 2, they only gain 15% interest?
I ask because I was under the impression that newly minted coins would start to earn 20% interest after 5 weeks of ownership..... which then led me to the question - if I trade some Mint, how does the buyer know that the coins they're buying are going to earn 20% / 15% / 10% etc - they have no idea how old the coins being sold actually are.

[nosf009]

Any thoughts on what actually caused the pump?
What are the MINT advantages over any other penny coin?

[ontopicplease]

I honestly think Mintcoin will be @ EAC prices pretty soon like next week?

when both prices proceed with this speed, it will be Sunday.

[Alakazam2000]

Any thoughts on what actually caused the pump?
What are the MINT advantages over any other penny coin?

We had a reward halving today

[gofoter]

Do you suggest to buy at this point?

[Kergekoin]

Without searching through 100+ pages, can someone tell me the following - as it's NOT in the FAQ in the front.

Year one, your coins earn you 20% interest.
Year two, they only earn you 15% interest.

So, why not, at the end of year 1, simply transfer all your coins to a new wallet, and so the coins start earning 20% interest again (and not 15%)?

Thanks in advance

Coinyear is chained to entire blockchain, not to your personal address, balance or wallet. In other words, its calculated globally, not locally.
The only way to change interest is through hard fork.

OK, that makes sense.
On that basis, I take it the POS minted coins start to earn interest at the same rate as every other coin that exists? ie if you earn 1m POS coins in year 2, they only gain 15% interest?
I ask because I was under the impression that newly minted coins would start to earn 20% interest after 5 weeks of ownership..... which then led me to the question - if I trade some Mint, how does the buyer know that the coins they're buying are going to earn 20% / 15% / 10% etc - they have no idea how old the coins being sold actually are.

Coins are tied to the their address and block. Each coin is treated separately. Coin starts aging from the moment it lands to wallet. After aging for 20 days, it will start looking for PoS (interest) block.
If you send coins to another address, those coins age will reset. They start aging again and search PoS block again after 20 days.
Interest percentage is simply defined by blockchain block number. 2880 * 365 = 1051200 blocks are generated every year. If current block is < than 1051200, then interest is 20%. If its > than 1051200, then interest is 15%. If its > than 2*1051200, then interest is 10% and so on.
 

[Alakazam2000]

Do you suggest to buy at this point?

This is only the beginning, we will have atleast other 3 rewards halving

[nosf009]

Do you suggest to buy at this point?

This is only the beginning, we will have atleast other 3 rewards halving

oh, well, I got 0.5BTC from Murray I mined in about 4 minutes at start so I'm gonna jump in with few mil haha.
Also, maybe mining, hmmm... Will see.

[colinfx]

A simple thought experiment.... What might happen to the price from here?

Current price you can get is 4 satoshi, with block reward halving each week for 5 weeks, you can double the price each week for it to keep up with cost of mining.

So....

Week 0 - 4 sat
Week 1 - 8 sat
Week 2 - 16 sat
Week 3 - 32 sat
Week 4 - 64 sat
Week 5 - 128 sat

If price stays in line with cost to acquire, then 128 satoshi after 5 weeks would not be unreasonable. So if this is wrong and it is only 40 satoshi in 5 weeks - so what? thats 1000% profit from here! Time is limited!

Of course maybe only get half this. But still a great return from here!

Good luck!

I am delighted with the progress Mint has made over the last few weeks, all not so far from my predictions. I'm holding all of my Mintcoin and would not be surprised to see a quick move to +100 satoshi from here. For all those who held - well done!

[nosf009]

I honestly think Mintcoin will be @ EAC prices pretty soon like next week?

when both prices proceed with this speed, it will be Sunday.

With buy walls of 23BTC, I think that date is not too far off!

Well, although I hope you're right, all of you relying on 23btc buy wall, but usually it's just whales tactics.
Sorry to say. Let's see over time.

[hgrp007]

群名称是Mintcoin薄荷币人气QQ群 146850773 欢迎持有薄荷币全世界一起交流。。。100+聪是有望。。。

[suchnoob]

Mint can get at 100-200 satoshi but only after mining is over and all goes well with the coin.

This week I think it will hover @ around 12-16 satoshi.

[fipsminingod]

having trouble to sync my wallet since an hour. somebody got the same problem? is there a fork or something? got 12 connections and everything but sync stops 3k blocks too early and stays there... help  

[lumeire]

having trouble to sync my wallet since an hour. somebody got the same problem? is there a fork or something? got 12 connections and everything but sync stops 3k blocks too early and stays there... help  

Restart your wallet.

[asdlolciterquit]

Hi everyone!

i'm trying to do some math about PoS system.

guess that i have 1000 coins. Like we said in the posts before, after 20days i'll start to get some interests.
I still don't know how many coins i'm going to get after the first 20days, so i think: 20% of interests of 1000coins is 200 coins. 20days/365days is more or less 5,48%...so 200*5,48%=10,96mintcoins.

so:
0-20days-->1000
20-40days-->1010,96

at the 40days, the interests will be calculated on 1010,96coins, if i've understood right.

If i keep like that, i have:

1   1000
20   1010,96           (this period goes between 20 and 40 days..)
40   1022,040122     (this period goes between 40 and 60 days and so on..)
60   1033,241681
80   1044,56601
100   1056,014454
120   1067,588372
140   1079,289141
160   1091,11815
180   1103,076805
200   1115,166526
220   1127,388751
240   1139,744932
260   1152,236537
280   1164,865049
300   1177,63197
320   1190,538816
340   1203,587122
360   1216,778437

Can anyone confirm it?

[ClausPOLO]

Hi everyone!

i'm trying to do some math about PoS system.

guess that i have 1000 coins. Like we said in the posts before, after 20days i'll start to get some interests.
I still don't know how many coins i'm going to get after the first 20days, so i think: 20% of interests of 1000coins is 200 coins. 20days/365days is more or less 5,48%...so 200*5,48%=10,96mintcoins.

so:
0-20days-->1000
20-40days-->1010,96

at the 40days, the interests will be calculated on 1010,96coins, if i've understood right.

If i keep like that, i have:

1   1000
20   1010,96           (this period goes between 20 and 40 days..)
40   1022,040122     (this period goes between 40 and 60 days and so on..)
60   1033,241681
80   1044,56601
100   1056,014454
120   1067,588372
140   1079,289141
160   1091,11815
180   1103,076805
200   1115,166526
220   1127,388751
240   1139,744932
260   1152,236537
280   1164,865049
300   1177,63197
320   1190,538816
340   1203,587122
360   1216,778437

Can anyone confirm it?

i think that the system is that you get 20% of your wallets coin every 20-40 days

1000
1200
1440
1728
...
...


or not?
(i hope i have done the calc correct)

[WutriCoin]

Volume at MintPal - 225.744 BTC - Very nice, keep up the good work