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

[nosf009]

FUCK THE DOMAIN NAME FOR 6.5K USD; ARE YOU NUTS?
SOMEONE BOUGHT THAT AT 9.99USD AND IS LOOKING FOR PURE PROFIT.

PLUS - WHO SAYS IT'S VITAL TO THE COIN? PLAIN BULLSHIT.

(caps is on purpose; and I work with internet marketing for 7 years now, trust me - it's just a bullshit domain flipper).
But, I don't care much so if you really wanna spend 6.5k USD for a domain name, go for it, all the same to me.

[David Latapie]

The reason I made my post before was because I want the dev, to stop by and answer a few questions about the PoS. That's all.

PM me your question, I will ask them directly.

[Kergekoin]

Really dont give a rats ass either the domain is .cc or .com. Doesnt matter at all. So he can shove this .com domain in to hes ass.

[arandy]

do you you currently own this domain?

lol

U know he does  but he's still right the dev needs to buy that domain do something usefull with the premine

[David Latapie]

right. Are there any merchants yet?

See page one of the thread. First post.

[broken_pixel]

Bitcoin is not going anywhere, Litecoin is not going anywhere or is it being replaced with an alt currency. I just love how all these newbie people flooded in with such knowledge after the Bitcoin spike back in Nov 2013.  

[rhaikh]

I was a market maker for the largest specialist on Wall Street during that time.

Were you asked to leave because your employer found your medical history?

[Bulldog_Duke]

QUESTIONS TO ANYONE WHO KNOWS (no guessing please)

1.  If I mined 10 million coins in first few days and intend to keep them for the POS minting, but I have also mined more since then, how does the wallet know which coins I transfer out to sell?  Does it take first in /first out or how does it really know? My guess is that there is no possible way and this is a major hiccup in the code.

2.  If it pays POS before mining is complete (down to 1 coin per block) how does it know if coins have already been paid the POS or not?   If I buy 1 million from someone who got their POS payment, those have been paid the first payment.  But if I am still mining 1 million also, how does the system know which coins are new and which are old?  Another serious flaw I am thinking.  Uless the POS starts after the reward drops to 1 coin.  

I realize everyone here is a genious and has their belief, but I want an accurate answer as the answer is very importnat and depending on it, there is a potential HUGE arbitrage situation in the making.

[Camilio]

Wow. price very stable

[sidhujag]

So you quoted the integer, but didnt quote the variables. Im curious, what do think

Code:

int64 nSubsidy = nCoinAge * nRewardCoinYear / 365;

means?

 

Mostly its just to confirm that no brackets are needed here mathematically.. i think its ok.. but for readability it should be in there.

[David Latapie]

This could be the making of a new number 1 crypto.. or it could destroy all faith in every crypto.. I guess we'll see :|

No, the crypto is here to stay. We are just entering Gartner Hype Cycle's Slope of Disillusionment. Plateau of productivity will follow.

My advice: wait a bit for the price to continue going down, then buy as much in crypto as possible.
Two questions:
- timing: when to sell, when to buy (I'd say sell pretty soon, but no idea on when to buy)
- choice: what to buy. BTC? NXT? MINT? BTC has a strong reputation and even if it is the one that will suffer the more, I think it is still the most probable winner of tomorrow. Now, I would realy prefer NXT to be such a winner, because of its major technological improvements (PoS, colored coins, VISA grade speed of transactions...), but this is also a very centralised money. MINT doesn't have that much problem but it is very, very young and apart from PoS it has no technological edge over BTC. Or maybe the coin to be will be Ripples. Or maybe a coin that doesn't exist yet and is will not be encumbered with the "bitcoin-era" controversy. We shall look at the 2000 dotcom bubble. Who survived? Why? Can it be an example for the "Bitcoin bubble"?

I suggest anyone sell back to fiat up to his initial fiat investment (the rest, you can keep as such or not, up to you). Let weather the storm then go back to the crypto-world. This is just one bad moment to go through.

[Chris180Z]

What day is the next halving? Thanks.

[yslyung]

hi guys, newbie & new to mintcoin, looks promising. mining now ! so does it mean as long as i have coins in my wallet & it'll start to mint (generate) coins by itself ?

any kind soul here to guide on how to solo mine ? atm, i'm mining at a pool.

Solo mining any scrypt coin is pretty much identical. If you dont know that, then probably you dont have enough mining power to solo this coin anyway.

just want a proper guidance so that i dont make any mistakes. i think i "may" have enough to solo mine mintcoin atm. have 8mhs+ mining power atm.

8M/hs Scrypt? Holy crap dude.

OK, so it depends on what software you like mining with and your computing environment.

Here's an in-depth guide to mining in Windows with GUIminer
https://cryptocointalk.com/topic/399-newbie-proof-scrypt-gpu-mining-the-easy-way-windows-7/

And here's a primer for mining with CGminer
http://cryptosource.org/mining/configuration/

Video:
http://www.youtube.com/watch?v=r-dF8X2_aJI

In a nutshell, do this:

1-first go c:\user\yourname\appdata\roaming\infinitecoin

2-find file named infinitecoin.conf or add it by you

3-with any text editor open infinitcoin.conf and add: (NB change these for Mintcoin details)
 
rpcuser=choose a user name
rpcpassword=choose your password
rpcallowip=your local ip
rpcallowip=127.0.0.1
rpcport=9332
daemon=1
server=1
gen=0
addnode=63.246.129.56

4-download CGwatcher and install it and download (cgminer or bfgminer as you like)

5-start CGwatcher go to settings / manage profiles

6- click new -add a name to your profile like:IFC solo

7-localise you minerpath and add it (cgminer.exe or bfgminer.exe)

8-in miner arguments add : --scrypt -o yourlocalip:9332 -u yourname -p yourpassword

9-clik save and then click save setting

10- restart your wallet-qt first and now you can click on start mining in cgwatcher

enjoy!

[Credit goes to makabress at http://infinitecointalk.org/index.php?topic=400.0]

If this helps at all please send a tip to MbENbgrmxWyc57b5BFypuXs7TJsh149jix and happy mining

no joy, followed the instructions above. this is the msg i got from sgminer.

yes config file i got from the 1st page of this thread. made 1 and copied to user/app/roaming/mintcoin folder

listen=1
addnode=78.20.74.205
addnode=114.236.141.165
addnode=220.253.143.120
addnode=60.166.58.2
addnode=67.141.161.140
addnode=24.84.69.118
addnode=182.39.227.118
addnode=39.190.236.66
addnode=178.222.157.225
addnode=75.143.81.177
addnode=183.25.11.252
addnode=173.25.251.68
addnode=24.166.209.150
addnode=213.67.71.81
addnode=80.229.21.85
maxconnections=100
server=1
daemon=1
rpcuser=*myusername* i used a simple name
rpcpassword=*my password* i used mintcoin address (made a new address for solo mine)
rpcport=12789
rpcconnect=127.0.0.1

.bat file for sgminer also done.

setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SYNC_OBJECTS 1
setx GPU_MAX_HEAP_SIZE 100
C:\Users\ysl\Desktop\SGMINER\sgminer.exe -o 127.0.0.1:12789 -u *myusername* -p *my password) same as above config

yes made a shortcut to desktop right click on properties and added -server after .exe with a space
what do you mean by local ip ? 198.165.0.xxx from router where my pc is connected to ? tried that also no joy
yes restarted wallet everytime before i launch bat file.

[01:04:54] Waiting for work to be available from pools.
[01:05:44] No servers were found that could be used to get work from.
[01:05:44] Please check the details from the list below of the servers you have
input
[01:05:44] Most likely you have input the wrong URL, forgotten to add a port, or
 have not set up workers
[01:05:44] Pool: 0  URL: http://127.0.0.1:12789  User: *myusename*  Password: *my password*
[01:05:44] Press any key to exit, or sgminer will try again in 15s.
[01:05:45] Pool 0 slow/down or URL or credentials invalid


thx again.

i think i "may" have got it to work but not too sure & here's what sgminer is saying (main pc) :

sgminer 4.1.0 - Started: [2014-02-26 01:44:43]
-------------------------------------------------------------------------------
(5s):3.324M (avg):3.535Mh/s | A:0  R:0  HW:0  WU:3256.8/m
ST: 5  SS: 0  NB: 19  LW: 0  GF: 0  RF: 0
Connected to Pool 0 (longpoll) diff 5.2M as user
Block: 70477d6e...  Diff:5.2M  Started: [01:52:42]  Best share: 168K
-------------------------------------------------------------------------------
[P]ool management [G]PU management ettings [D]isplay options [Q]uit
 GPU 0:  72.0C 2406RPM | 761.3K/846.0Kh/s | R:  0.0% HW:0 WU: 695.1/m xI: 30
 GPU 1:  81.0C 3497RPM | 898.5K/898.5Kh/s | R:  0.0% HW:0 WU:1096.2/m xI:276
 GPU 2:  67.0C 2407RPM | 899.0K/899.9Kh/s | R:  0.0% HW:0 WU: 855.4/m xI:276
 GPU 3:  74.0C 2504RPM | 899.6K/901.3Kh/s | R:  0.0% HW:0 WU: 610.1/m xI:276
-------------------------------------------------------------------------------
[01:50:55] Network diff set to 5.24M
[01:50:55] New block detected on network
[01:51:22] Network diff set to 5.25M
[01:51:22] New block detected on network
[01:52:14] Network diff set to 5.29M
[01:52:14] New block detected on network
[01:52:33] Network diff set to 5.05M
[01:52:33] New block detected on network
[01:52:42] Network diff set to 5.2M
[01:52:42] New block detected on network

keeps on saying network diff & block detected. no accepted shares yet like this connected (other rig) a pool :

sgminer 4.1.0 - Started: [2014-02-26 01:47:38]
--------------------------------------------------------------------------------
(5s):4.267M (avg):4.467Mh/s | A:32128  R:992  HW:0  WU:4184.9/m
ST: 1  SS: 0  NB: 18  LW: 1037  GF: 0  RF: 0
Connected to Pool 0 (stratum) diff 256 as user
Block: 4a5b1530...  Diff:5.68M  Started: [01:55:18]  Best share: 17.6K
--------------------------------------------------------------------------------
[P]ool management [G]PU management ettings [D]isplay options [Q]uit
 GPU 0:  82.0C 3342RPM | 897.4K/896.4Kh/s | R:  6.1% HW:0 WU: 750.5/m xI:276
 GPU 1:  80.0C 3466RPM | 897.2K/896.4Kh/s | R:  0.8% HW:0 WU: 750.3/m xI:276
 GPU 2:  80.0C 3296RPM | 893.3K/893.4Kh/s | R:  4.3% HW:0 WU: 879.8/m xI:276
 GPU 3:  81.0C 3330RPM | 897.2K/896.4Kh/s | R:  1.4% HW:0 WU: 883.5/m xI:276
 GPU 4:  81.0C 2900RPM | 896.1K/896.4Kh/s | R:  2.6% HW:0 WU: 920.8/m xI:276
--------------------------------------------------------------------------------
[01:55:15] Accepted 1daeb08a Diff 2.21K/256 GPU 3 at Pool 0
[01:55:15] Accepted 870bc248 Diff 485/256 GPU 4 at Pool 0
[01:55:17] Accepted 80174f24 Diff 512/256 GPU 4 at Pool 0
[01:55:18] Accepted 582abacf Diff 743/256 GPU 1 at Pool 0
[01:55:18] Network diff set to 5.68M
[01:55:18] Stratum from Pool 0 detected new block
[01:55:21] Accepted aca21ed6 Diff 380/256 GPU 3 at Pool 0
[01:55:31] Accepted 46868653 Diff 929/256 GPU 3 at Pool 0

settings are pretty low for now when it gets cooler. eng 1000/ mem 1400 6 x 290 non x + 3 x 290 tri-x non x. Q-0 / S-1 / E-1

will leave solo rig overnight and see how it goes. hope i got it right.

thx kergekoin.

[sidhujag]

QUESTIONS TO ANYONE WHO KNOWS (no guessing please)

1.  If I mined 10 million coins in first few days and intend to keep them for the POS minting, but I have also mined more since then, how does the wallet know which coins I transfer out to sell?  Does it take first in /first out or how does it really know? My guess is that there is no possible way and this is a major hiccup in the code.

2.  If it pays POS before mining is complete (down to 1 coin per block) how does it know if coins have already been paid the POS or not?   If I buy 1 million from someone who got their POS payment, those have been paid the first payment.  But if I am still mining 1 million also, how does the system know which coins are new and which are old?  Another serious flaw I am thinking.  Uless the POS starts after the reward drops to 1 coin.  

I realize everyone here is a genious and has their belief, but I want an accurate answer as the answer is very importnat and depending on it, there is a potential HUGE arbitrage situation in the making.

I believe the coins have a coin age for each coin.. I see there is a coin age variable but dont know if this is per coin... if there is age for each coin then you would take over payments if its over 20 days old...

But reading the faq it says you need to wait 20 days so I dont know if coin age is per coin.. and if so Im not sure how 5% global inflation is forced after 4 years.

[hadi]

Wow a Buywall at Mintpal worth of 72 BTC.
big pump incoming!

PRICE (BTC)    MINT                         BTC
0.00000038     189866292.90775839   72.14919127

mega dump  ,showered him 50 BTC

Nice one! Thanks for selling me Mintcoin too lol

Btw the price is already back at 40 again

where?in mintpal?

[oinquer]

about the domain .com....
i wish i had bought it....
i would make a website with a malicious wallet and start stealing tons of coins.........done made my money.....

[Kergekoin]

Mate, 8Mhs soloing this coin is like buying lottery ticket, if you consider that this coin halves rapidly (every week)
With 8Mhs you will get only 1-2 blocks per day. If you are unlucky, you even dont get block before next halving.

[publicjud]

QUESTIONS TO ANYONE WHO KNOWS (no guessing please)

1.  If I mined 10 million coins in first few days and intend to keep them for the POS minting, but I have also mined more since then, how does the wallet know which coins I transfer out to sell?  Does it take first in /first out or how does it really know? My guess is that there is no possible way and this is a major hiccup in the code.

2.  If it pays POS before mining is complete (down to 1 coin per block) how does it know if coins have already been paid the POS or not?   If I buy 1 million from someone who got their POS payment, those have been paid the first payment.  But if I am still mining 1 million also, how does the system know which coins are new and which are old?  Another serious flaw I am thinking.  Uless the POS starts after the reward drops to 1 coin.  

I realize everyone here is a genious and has their belief, but I want an accurate answer as the answer is very importnat and depending on it, there is a potential HUGE arbitrage situation in the making.

I believe the coins have a coin age for each coin.. I see there is a coin age variable but dont know if this is per coin... if there is age for each coin then you would take over payments if its over 20 days old...

But reading the faq it says you need to wait 20 days so I dont know if coin age is per coin.. and if so Im not sure how 5% global inflation is forced after 4 years.

The coins have to be setting in a wallet, (not transferred to new wallet) for a least 20 days to be eligible to try and mint coins.  If you bought coins it would reset the timer on the day the coins were sent to you wallet.  If you bought the coins from someone who had them sitting in his wallet for 19 days, then no interest would be earned until they sit in your wallet for 20 days.

[dille71]

QUESTIONS TO ANYONE WHO KNOWS (no guessing please)

1.  If I mined 10 million coins in first few days and intend to keep them for the POS minting, but I have also mined more since then, how does the wallet know which coins I transfer out to sell?  Does it take first in /first out or how does it really know? My guess is that there is no possible way and this is a major hiccup in the code.

2.  If it pays POS before mining is complete (down to 1 coin per block) how does it know if coins have already been paid the POS or not?   If I buy 1 million from someone who got their POS payment, those have been paid the first payment.  But if I am still mining 1 million also, how does the system know which coins are new and which are old?  Another serious flaw I am thinking.  Uless the POS starts after the reward drops to 1 coin.  

I realize everyone here is a genious and has their belief, but I want an accurate answer as the answer is very importnat and depending on it, there is a potential HUGE arbitrage situation in the making.

1. Withdrawals are random
2. When coins are transfered coin age are reset to 0 for those coins and a new 20 day period start.

[publicjud]

QUESTIONS TO ANYONE WHO KNOWS (no guessing please)

1.  If I mined 10 million coins in first few days and intend to keep them for the POS minting, but I have also mined more since then, how does the wallet know which coins I transfer out to sell?  Does it take first in /first out or how does it really know? My guess is that there is no possible way and this is a major hiccup in the code.

2.  If it pays POS before mining is complete (down to 1 coin per block) how does it know if coins have already been paid the POS or not?   If I buy 1 million from someone who got their POS payment, those have been paid the first payment.  But if I am still mining 1 million also, how does the system know which coins are new and which are old?  Another serious flaw I am thinking.  Uless the POS starts after the reward drops to 1 coin.  

I realize everyone here is a genious and has their belief, but I want an accurate answer as the answer is very importnat and depending on it, there is a potential HUGE arbitrage situation in the making.

1. Withdrawals are random
2. When coins are transfered coin age are reset to 0 for those coins and a new 20 day period start.

1. this needs to be addressed.  We should be able to get a list of the coin age of coins in our wallets and pick which coins to send.  Or by default send the youngest coins.