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

[CatKiwi]

This thread is really starting to dry up - along with the trading volume of our coin. I'm getting slightly worried here. Even without the pumpers we need considerably more volume than we have currently - if the price is to stabilize yet alone increase. Why has there been such a drop off in interest? I know the minting process has been overly difficult for many to understand and set up but this is not looking good. We need to simplify the minting process - we can't have user after user complaining that it isn't minting or that their POS blocks aren't confirming - its extremely bad publicity. It's a great coin....but so was Karma.....

[Jherek]

This thread is really starting to dry up - along with the trading volume of our coin. I'm getting slightly worried here. Even without the pumpers we need considerably more volume than we have currently - if the price is to stabilize yet alone increase. Why has there been such a drop off in interest? I know the minting process has been overly difficult for many to understand and set up but this is not looking good. We need to simplify the minting process - we can't have user after user complaining that it isn't minting or that their POS blocks aren't confirming - its extremely bad publicity. It's a great coin....but so was Karma.....

I have the feeling, that this correlates with the minting. There is no movement on generating coins and so there is no movement on the market. Sadly it seems a coin needs flucturation on the generation side to have a fluid market. I said that in earlier posts already, that I expected the coin to stale out. Only thing that could change this was either a bigger event on the coin's popularity or a drastical change in the specs. If you can just leave the coins lazy in your wallet, nothing will happen.

[vujk]

My mint wallet has stopped minting since 3/11. I have updated to the current wallet and still nothing. It is unlocked. Any ideas? I found this in the debug log, not sure if it is relevant.

ProcessMessages(version, 101 bytes) : CHECKSUM ERROR nChecksum=f14d14f9 hdr.nChecksum=21f0e818


PROCESSMESSAGE MESSAGESTART NOT FOUND
 

Hmm, sounds like some sort of corruption may be at fault here. Checksum implies that one or more files aren't the size that the program expects them to be. I think it's worth replacing all current Mintcoin files with new ones (except wallet.dat ofc)

Give this a shot:
1. Close down your wallet
2. Backup the wallet.dat file somewhere safe.
3. Delete all Mintcoin files on your PC - the QT.exe folder as well as the data in %appdata%\roaming\Mintcoin\... (assuming you're on Windows)
4. Download a new copy of the Mintcoin wallet 1.5
5. Run the exe, wait for it to open and then close it again.
6. Copy your backed-up wallet.dat into the %appdata% folder
7. Restart your client and see if it syncs.

As the coins haven't moved this won't reset their age, as well as ruling out 99% of files potentially corrupted.

ok, I did this. I now show some "stake" in my wallet. But now it is stuck on block 109242, and my debug log has this crap...

received block 9fb99d9eb26563c688b9
ProcessBlock: ORPHAN BLOCK, prev=4db3d6ce487544161c68
received block 4db3d6ce487544161c68
ProcessBlock: ORPHAN BLOCK, prev=4691e4561e3419ec08a7
received block 4691e4561e3419ec08a7
ProcessBlock: ORPHAN BLOCK, prev=0af201510002444622b9
received block 0af201510002444622b9
ProcessBlock: ORPHAN BLOCK, prev=a4bd259ef07e15ffc772
received block a4bd259ef07e15ffc772
ProcessBlock: ORPHAN BLOCK, prev=db07b6d2f06a2c3f5d39
received block db07b6d2f06a2c3f5d39
ProcessBlock: ORPHAN BLOCK, prev=7708fcd256ae76dd4ad6
received block 7708fcd256ae76dd4ad6
ProcessBlock: ORPHAN BLOCK, prev=437b842e2b9b347cbcce
received block 437b842e2b9b347cbcce
ProcessBlock: ORPHAN BLOCK, prev=055f4cc976326559973f
received block 055f4cc976326559973f
ProcessBlock: ORPHAN BLOCK, prev=1a10d32f7c21cd25f763
received block 1a10d32f7c21cd25f763
ProcessBlock: ORPHAN BLOCK, prev=37f5610ba9289fba539a
received block 37f5610ba9289fba539a
ProcessBlock: ORPHAN BLOCK, prev=000000000f195ddc7b1b

[GambleX]

Hey guys!

Gamblex has added Mintcoin to our exchange and our gambling site. It will be fully implemented, that means we will also sell shares that distribute a part of the Mintcoin fee revenue to stakeholders.

Check out our thread and maybe Invest!

https://bitcointalk.org/index.php?topic=498311.msg5676745#msg5676745

[Kam800]

My mint wallet has stopped minting since 3/11. I have updated to the current wallet and still nothing. It is unlocked. Any ideas? I found this in the debug log, not sure if it is relevant.

ProcessMessages(version, 101 bytes) : CHECKSUM ERROR nChecksum=f14d14f9 hdr.nChecksum=21f0e818


PROCESSMESSAGE MESSAGESTART NOT FOUND
 

Hmm, sounds like some sort of corruption may be at fault here. Checksum implies that one or more files aren't the size that the program expects them to be. I think it's worth replacing all current Mintcoin files with new ones (except wallet.dat ofc)

Give this a shot:
1. Close down your wallet
2. Backup the wallet.dat file somewhere safe.
3. Delete all Mintcoin files on your PC - the QT.exe folder as well as the data in %appdata%\roaming\Mintcoin\... (assuming you're on Windows)
4. Download a new copy of the Mintcoin wallet 1.5
5. Run the exe, wait for it to open and then close it again.
6. Copy your backed-up wallet.dat into the %appdata% folder
7. Restart your client and see if it syncs.

As the coins haven't moved this won't reset their age, as well as ruling out 99% of files potentially corrupted.

ok, I did this. I now show some "stake" in my wallet. But now it is stuck on block 109242, and my debug log has this crap...

received block 9fb99d9eb26563c688b9
ProcessBlock: ORPHAN BLOCK, prev=4db3d6ce487544161c68
received block 4db3d6ce487544161c68
ProcessBlock: ORPHAN BLOCK, prev=4691e4561e3419ec08a7
received block 4691e4561e3419ec08a7
ProcessBlock: ORPHAN BLOCK, prev=0af201510002444622b9
received block 0af201510002444622b9
ProcessBlock: ORPHAN BLOCK, prev=a4bd259ef07e15ffc772
received block a4bd259ef07e15ffc772
ProcessBlock: ORPHAN BLOCK, prev=db07b6d2f06a2c3f5d39
received block db07b6d2f06a2c3f5d39
ProcessBlock: ORPHAN BLOCK, prev=7708fcd256ae76dd4ad6
received block 7708fcd256ae76dd4ad6
ProcessBlock: ORPHAN BLOCK, prev=437b842e2b9b347cbcce
received block 437b842e2b9b347cbcce
ProcessBlock: ORPHAN BLOCK, prev=055f4cc976326559973f
received block 055f4cc976326559973f
ProcessBlock: ORPHAN BLOCK, prev=1a10d32f7c21cd25f763
received block 1a10d32f7c21cd25f763
ProcessBlock: ORPHAN BLOCK, prev=37f5610ba9289fba539a
received block 37f5610ba9289fba539a
ProcessBlock: ORPHAN BLOCK, prev=000000000f195ddc7b1b

Cool, sounds like you fixed the problem

It would appear though that some of the blocks you might have generated got solved by someone else, and are therefore orphaned. You will soon start minting new ones though.

That raises a question though; would the stake that generated an orphaned block be elligible to mint again or is it back on counter for 20-odd days?

Perhaps a dev could help explain, or has anyone who has been minting seen the same stake generate orphans until it succeeds? I've seen rumour of a 20% success rate but don't quote me on that - other people's mileage may vary based on whatever factors may be involved.

[lumeire]

From experience, coin age resets even if the minted block was orphaned.

[drakoin]

What about PoS and change addresses?
I hope you took care of that. I do not want to have my 20 days reset whenever I move a small sum out of my wallet.

Change: If I send, there are usually two target addresses involved. Only one of the two amounts is actually moved out of the wallet to the recipient, the other one is going straight back, into a change address in my wallet. So that 2nd sum has left the wallet yes, but only to end up in it again, within seconds. Imagine there is a 1 mio input from which I spend a 7 MINT output - that results in a second 999,993 MINT output, to my change address, so it ends up back in my wallet.

Still, I fear, the 20 days period is reset for both amounts, right?

As your wallet does not yet support "coin control", I cannot even know which of my existing coin piles are touched. With one tx of 10 MINT, I might destroy 20 days of PoS of 20 billion coins. Am I wrong? If not:

Please hardcode that if outgoing and incoming into change addresses happens, the coin age is preserved. Or it that is not consistent, then:

I suggest, that you (a) lower the 20 days, (b) implement coin control.

Implement coin control. Lowering the 20 days is  not a good idea as it is an important aspect of the coin design, security/sustainability.

So basically you want people to hord their mint coins, and not touch them for at least 20 days, to then collect some interest?

You want me to use another currency for my daily usage, and mint just for storing wealth?  
I could only trust that concept, if the price of mint-to-other-currencies were not falling too much. But why wouldn't it fall? Apart from storing wealth, mint seems useless - because as soon as I move some of my coins, the 20 days are reset?

I don't see how all that could be a revolutionary new currency.

I want to be able to send and receive money, buy pizza, exchange for other currencies - and while I am not using my money, I want to collect interest for it - immediately- , and in PoS, use it for helping to secure the network.

minting is exactly analogous to mining

do you find this to be a problem with currency that is mined via PoW? If not then why is it a problem when coins are minted via PoS?

It's an advancement because it eliminates a lot of the energy waste associated with PoW mining

I don't find it a problem at all. If PoS works, and is safe, and is properly implemented, it can advance the whole scene.
But it needs to be understood, too. And properly implemented.
My questions are motivated by my wish to understand mint's concept. 

From your answer, I deduct, that it is really the case, what I suspected in my posting up there.


So please make that clear, preferably directly in the wallet:

DO NOT TOUCH YOUR MINT COINS! 
Otherwise the 20 days are reset; and in the worst case, for ALL of your million coins, even if you only send out 1 MINT.

[kennyss]

Please give me coin
MnpmsvFQtXooPFhhyWSvnrh4drZdFi5jeW
for mint test))
Thx^^

[c-cex]

MintCoin traded on https://c-cex.com exchange!

https://c-cex.com/index.html?p=mint-btc
https://c-cex.com/index.html?p=mint-usd

Welcome!

[guidosuller]

This thread is really starting to dry up - along with the trading volume of our coin. I'm getting slightly worried here. Even without the pumpers we need considerably more volume than we have currently - if the price is to stabilize yet alone increase. Why has there been such a drop off in interest? I know the minting process has been overly difficult for many to understand and set up but this is not looking good. We need to simplify the minting process - we can't have user after user complaining that it isn't minting or that their POS blocks aren't confirming - its extremely bad publicity. It's a great coin....but so was Karma.....

what you think? the price you will rise steadily so you get rich???
celebrates price stability!!!!!!!!!!!celebrates 20% first year!!!!

[dille71]

What about PoS and change addresses?
I hope you took care of that. I do not want to have my 20 days reset whenever I move a small sum out of my wallet.

Change: If I send, there are usually two target addresses involved. Only one of the two amounts is actually moved out of the wallet to the recipient, the other one is going straight back, into a change address in my wallet. So that 2nd sum has left the wallet yes, but only to end up in it again, within seconds. Imagine there is a 1 mio input from which I spend a 7 MINT output - that results in a second 999,993 MINT output, to my change address, so it ends up back in my wallet.

Still, I fear, the 20 days period is reset for both amounts, right?

As your wallet does not yet support "coin control", I cannot even know which of my existing coin piles are touched. With one tx of 10 MINT, I might destroy 20 days of PoS of 20 billion coins. Am I wrong? If not:

Please hardcode that if outgoing and incoming into change addresses happens, the coin age is preserved. Or it that is not consistent, then:

I suggest, that you (a) lower the 20 days, (b) implement coin control.

Implement coin control. Lowering the 20 days is  not a good idea as it is an important aspect of the coin design, security/sustainability.

So basically you want people to hord their mint coins, and not touch them for at least 20 days, to then collect some interest?

You want me to use another currency for my daily usage, and mint just for storing wealth?  
I could only trust that concept, if the price of mint-to-other-currencies were not falling too much. But why wouldn't it fall? Apart from storing wealth, mint seems useless - because as soon as I move some of my coins, the 20 days are reset?

I don't see how all that could be a revolutionary new currency.

I want to be able to send and receive money, buy pizza, exchange for other currencies - and while I am not using my money, I want to collect interest for it - immediately- , and in PoS, use it for helping to secure the network.

minting is exactly analogous to mining

do you find this to be a problem with currency that is mined via PoW? If not then why is it a problem when coins are minted via PoS?

It's an advancement because it eliminates a lot of the energy waste associated with PoW mining

I don't find it a problem at all. If PoS works, and is safe, and is properly implemented, it can advance the whole scene.
But it needs to be understood, too. And properly implemented.
My questions are motivated by my wish to understand mint's concept. 

From your answer, I deduct, that it is really the case, what I suspected in my posting up there.


So please make that clear, preferably directly in the wallet:

DO NOT TOUCH YOUR MINT COINS! 
Otherwise the 20 days are reset; and in the worst case, for ALL of your million coins, even if you only send out 1 MINT.

Only the coins you send are reset, the other, untouched coins are not affected.
But, as i understand it, when you send coins they are randomly picked from your holdings so it could be your oldest coins that are sent.

[lava60]

whats up with the minting orphans being out of control? i get probably 10-15 a day. I have only in the past week got 3 accepted minting shares? Is there something wrong? IS everyone else getting so many orphans.

do you have a small amount of mint or a large amount?

Fairly large.... I have gotten over 30000 mints in 7 orphan blocks today.

My week long orphan and wallet not responding problem went away when I updated to the 1.5 wallet. Now I only get an occasioanal orphan.

Ya I just do Tuesday so that's not the problem and I thought maybe my internet connection had a latency problem but I ping tested it and it is fine. So I have no idea.

[Party Hard]

Only the coins you send are reset, the other, untouched coins are not affected.
But, as i understand it, when you send coins they are randomly picked from your holdings so it could be your oldest coins that are sent.

This is something I'm wondering about too. If anyone has evidence for which coins are chosen when sent it would be great. If it is random, so be it, but I'd like clarity before I use some of my minted coins.

[richlist]

Black coin rises, but down to mint coin. Mint is also active in the community to be more. Why do black coin climb?

[dogechode]

Only the coins you send are reset, the other, untouched coins are not affected.
But, as i understand it, when you send coins they are randomly picked from your holdings so it could be your oldest coins that are sent.

This is something I'm wondering about too. If anyone has evidence for which coins are chosen when sent it would be great. If it is random, so be it, but I'd like clarity before I use some of my minted coins.

hobonickels uses a feature they call "coin control" that lets you select which coins to send (and shows their age and such.) Perhaps mint could implement something like this as well.

[IconicExpert]

If anyone is interested I launched my new wallet security application today: https://bitcointalk.org/index.php?topic=515381.0

[$onmymint]

Black coin rises, but down to mint coin. Mint is also active in the community to be more. Why do black coin climb?

Because Mints are not black

[richlist]

Black coin rises, but down to mint coin. Mint is also active in the community to be more. Why do black coin climb?

Because Mints are not black

not simple. Have you got any defects mintcoin? I have not find.

[dogechode]

Black coin rises, but down to mint coin. Mint is also active in the community to be more. Why do black coin climb?

Because Mints are not black

not simple. Have you got any defects mintcoin? I have not find.

such coin. . . few defect        green.    wow

[XbladeX]

Black coin rises, but down to mint coin. Mint is also active in the community to be more. Why do black coin climb?

Because Mints are not black

I can answer you:
- 0% premine Mint 4.5% effective premine
- PURE POS ( usulay 5s-15s transactions speed) Mint still is POS/POW hybrid.
- rising community
- 1% inflation but every 8h i can get stack(part of that 1%) i don't even care to mint i don't afraid to touch balance
- 1% inflation means that you need 20x less btc to keep price than 20% inflation
- many people just discovered BC
- compare direct to Mint to BC price should be about 5000 sat

I have 400k Mint community is great. I like it.
But for me BC is bit different coin with bit different economy.
In BC all is happening faster faster transaction, faster stakes, it wasn't so popular so it grows now faster too.

BTW HBN +100% year inflation is over power...This  year will be 150% because they mine a lot.