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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1332818 times)
Crindon
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March 14, 2014, 10:12:32 PM
 #8541

24 hour trade volume of Mintcoin has doubled on Mintpal.
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mgburks77
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March 14, 2014, 10:13:40 PM
 #8542

Blackcoin leaves a bad feeling in my gut. I tend to go with my gut with these things and I don't think that I will ever put a single satoshi into blackcoin. I'm in Mint and I'm here holding from here on out.

I have to admit i looked at BC as well, but I decided to stay the course. It can be a tough decision when things aren't looking so rosy. lol  Cheesy
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March 14, 2014, 10:19:17 PM
 #8543

Blackcoin leaves a bad feeling in my gut. I tend to go with my gut with these things and I don't think that I will ever put a single satoshi into blackcoin. I'm in Mint and I'm here holding from here on out.

Something about their motto "Once you go black..." Sexual innuendos seem rather unprofessional to me..
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March 14, 2014, 10:21:21 PM
 #8544

Blackcoin leaves a bad feeling in my gut. I tend to go with my gut with these things and I don't think that I will ever put a single satoshi into blackcoin. I'm in Mint and I'm here holding from here on out.

Something about their motto "Once you go black..." Sexual innuendos seem rather unprofessional to me..
I thought the same. Amusing perhaps, but hardly professional.
cryptoba
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March 14, 2014, 10:28:22 PM
 #8545

Hello,

Why is the difficulty so low ?
draco71
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March 14, 2014, 10:31:27 PM
 #8546

Bacause we are in POS now. Mining finished. So, in reality, difficulty means nothing.

My heart belongs to RieCoin (RIC), my investments to BlackCoin (BC)
Camilio
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Geister?! Geister?! Geister???!! Weißbroooot!


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March 14, 2014, 10:32:23 PM
 #8547

Hello,

Why is the difficulty so low ?


because block reward is 1. It is not profitable to mine mintcoin --> PoW is over and PoS kicked in.
hadi
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March 14, 2014, 10:33:58 PM
 #8548

admin ? why i am unable to recieve POS rewards after 23 days?!! (nothing at all )
niothor
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March 14, 2014, 10:37:20 PM
 #8549

Hello,

Why is the difficulty so low ?


Taking into account that it has switched to PoS I find it interesting is still that high Smiley))
deadmanwalking
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March 14, 2014, 10:37:55 PM
 #8550

admin ? why i am unable to recieve POS reward?!! (nothing at all )

Alright, now I have to say it..WTF! I've tried to help you figure this out, as have others, and you never reply to us. So WTF?!!!

Are you leaving your wallet open long enough?

Have you held you coins for 20 days without moving them?

Are you upgraded to the latest wallet?

171XPWLy36oDmQfMdnPYWHfQgkfRoYGjHd
cryptoba
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March 14, 2014, 10:52:42 PM
 #8551

Hello,

Why is the difficulty so low ?


because block reward is 1. It is not profitable to mine mintcoin --> PoW is over and PoS kicked in.
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March 14, 2014, 10:56:02 PM
 #8552

admin ? why i am unable to recieve POS reward?!! (nothing at all )

Alright, now I have to say it..WTF! I've tried to help you figure this out, as have others, and you never reply to us. So WTF?!!!

Are you leaving your wallet open long enough?

Have you held you coins for 20 days without moving them?

Are you upgraded to the latest wallet?


1.No,open and unloock with "walletpassphrase myPW 999999999 true" , sync and next backup it and close ( maximum 10 15 min each day)

2.exactly 21 days

3.version MintCoin14





cryptoba
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March 14, 2014, 10:58:30 PM
 #8553

Hello,

Why is the difficulty so low ?


because block reward is 1. It is not profitable to mine mintcoin --> PoW is over and PoS kicked in.

Could someone explain me exactly what PoW and PoS means, thanks
draco71
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March 14, 2014, 11:01:38 PM
 #8554

admin ? why i am unable to recieve POS reward?!! (nothing at all )

Alright, now I have to say it..WTF! I've tried to help you figure this out, as have others, and you never reply to us. So WTF?!!!

Are you leaving your wallet open long enough?

Have you held you coins for 20 days without moving them?

Are you upgraded to the latest wallet?


1.No,open and unloock with "walletpassphrase myPW 999999999 true" , sync and next backup it and close ( maximum 10 15 min each day)

2.exactly 21 days

3.version MintCoin14






1. You leave it open and unlocked for a very short period. No way to receive PoS like that. Btw. you do not need to back it up every time. One time is enough. In reality you back up only your addresses and your passwords. Your coins are not really in your wallet, they are in the blockchain.

2. Still early enough. It can take a couple of days more to start minting.

3. Go to version 1.5. It gives you (among others) the potential to lock/unlock your wallet via one button without doing "walletpassphrase myPW 999999999 true" anymore.

My heart belongs to RieCoin (RIC), my investments to BlackCoin (BC)
draco71
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March 14, 2014, 11:08:37 PM
 #8555

Hello,

Why is the difficulty so low ?


because block reward is 1. It is not profitable to mine mintcoin --> PoW is over and PoS kicked in.

Could someone explain me exactly what PoW and PoS means, thanks

PoW --> http://en.wikipedia.org/wiki/Proof-of-work_system
In simple words ... Mining. You are working (i.e. mining) and you get paid for it

PoS --> http://en.wikipedia.org/wiki/Proof-of-stake
In simple words ... Minting. You have your money deposited in a bank account (i.e. the coins in your wallet) and you get interest for them

My heart belongs to RieCoin (RIC), my investments to BlackCoin (BC)
cryptoba
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March 14, 2014, 11:12:35 PM
 #8556

Thank you  Smiley
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March 14, 2014, 11:13:48 PM
 #8557

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 Tongue

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.




Bunch of malarkey  Tongue

Blackcoin has a small number of coins, and is therefore much easier to move markets. That's why it's climbing\falling blah blah. With current buy sell walls you could move it down to 1800 placing a buy of 1 Bitcoin! Hell it's moved 200 sat down during the time I typed this.

Mint is a good coin, with a more active community-just hold it and relax. People want to panic at every move.
i never told that Mintcoins is bad coin.
On market all sometimes go up sometimes go down.
Mint coin is just different than BC.
BC after +70% up in one day need to get their price ti stabilize. so +-20% is pretty normal.
Mint have 20% inflation while BC 1% what to mean for me as owner of Mint and BC.
That in theory BC will be 20x easier to pump than Mint.BC in reality it need to be big like 100m coins - Vertcoin-Darkcoin price lvl to get some stabilization.
Mint is more like Doge Xbilion coin so their price in long run can get to hmm 800-1000 sat maybe more.


The reality is that hundreds of millions of mint are not being allowed to mint because it is being moved around on or stored on exchanges etc so the actual inflation rate is nowhere near 20%...

The other side of that theory is that a currency has to have enough inflation to be liquid, especially if it is to have the potential for global adoption. So I don't really see that as a problem. How fast do PoW coins inflate due to mining? I would say it is roughly equivalent to a PoS coin.
Same is with BC traded BC don't generate income. So inflation will be <1% BC and Mint <20%. I think rates will be same.
But mint coins purpose is to mint it... and get that 20% so probably it will be 15%-18%. we will see at end of year.

2nd question Smiley i have analyzed that case lets give numbers:
in best case max inflation ^^
1% BC - Now this is about 0,04 New/BTC day to buy all new
20% Mint - Now this is only 2.3 BTC day to buy all new
~10% Doge 540 BTC Day
10% BTC 3600  BTC Day - 2.3m $ all new
20% LTC 28800 LTC Day - 0,9M $ all new

"How fast do PoW coins inflate due to mining? I would say it is roughly equivalent to a PoS coin. " -look up ^^


As you see some coins need to be popular to not drop price BC,Mint don't need much attention to keep price.
Pow coins due to other type of distribution can lose value very fast just because when miners aren't well paid price fall.
POS system is bit different than POW dystrybution 1st POS NXT wasn't good example just because 75% of coins never reached market.
In reality with BC with 0 premine we will see how can 100% POS system can behave on market.
This coin is 1st with 0 premine it will be better example than Premined / IPO other ones.
We will see how market will be different that Mint,Zeit,Ultra,Battlecoin,CGB... with some amount premined before.
How marketing factor from IPO/Premine money have influence on price ^^ in long short therm.

Anyway as you see to from my analyze BC or Mint with some BTC or $ injected inside can grow in same time POW needs High amounts of money
to keep price.

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hadi
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March 14, 2014, 11:16:51 PM
 #8558



[/quote]1. You leave it open and unlocked for a very short period. No way to receive PoS like that. Btw. you do not need to back it up every time. One time is enough. In reality you back up only your addresses and your passwords. Your coins are not really in your wallet, they are in the blockchain.

2. Still early enough. It can take a couple of days more to start minting.

3. Go to version 1.5. It gives you (among others) the potential to lock/unlock your wallet via one button without doing "walletpassphrase myPW 999999999 true" anymore.

[/quote]

Thanks,1hour  enough ?
draco71
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March 14, 2014, 11:21:53 PM
 #8559

Leave it overnight. It depends of the amount of coins you have. If you have many, it will be fast. If you have a few of them, it will take some time.

Consider it as similar to mining. During mining the most hash/sec you have, you find blocks faster, right? Now, during minting, the most coins you have, you get PoS returns faster.  

My heart belongs to RieCoin (RIC), my investments to BlackCoin (BC)
deadmanwalking
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March 14, 2014, 11:23:20 PM
 #8560

admin ? why i am unable to recieve POS reward?!! (nothing at all )

Alright, now I have to say it..WTF! I've tried to help you figure this out, as have others, and you never reply to us. So WTF?!!!

Are you leaving your wallet open long enough?

Have you held you coins for 20 days without moving them?

Are you upgraded to the latest wallet?


1.No,open and unloock with "walletpassphrase myPW 999999999 true" , sync and next backup it and close ( maximum 10 15 min each day)

2.exactly 21 days

3.version MintCoin14






1. You leave it open and unlocked for a very short period. No way to receive PoS like that. Btw. you do not need to back it up every time. One time is enough. In reality you back up only your addresses and your passwords. Your coins are not really in your wallet, they are in the blockchain.

2. Still early enough. It can take a couple of days more to start minting.

3. Go to version 1.5. It gives you (among others) the potential to lock/unlock your wallet via one button without doing "walletpassphrase myPW 999999999 true" anymore.

+1

You need the new wallet, there was a problem with the old one.
Windows 1.5 https://mega.co.nz/#!wR4inSJT!YHraTK_6a9txFDe_PPgxGzwD6h6j_kCQe6V65cfEEIw 

As I told you in a previous post(which you didn't read apparently)leave you wallet opened for 24 hrs at least. I should mention I'm not a Mintcoin team member, just a guy who tries to help but gets grumpy answering the same questions over and over  Tongue

171XPWLy36oDmQfMdnPYWHfQgkfRoYGjHd
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