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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1332854 times)
Crindon
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March 15, 2014, 09:20:25 PM
 #8761

http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X

Hahahaha this is interesting I'm gonna have to switch my rig over when I get home from work!!


block reward is 1,mine for what ?
You don't mine for Mintcoin directly. You mine for the most profitable coin, then the multipool operator will purchase Mintcoins at an exchange with your mined coins and give the Mintcoins to you via the Mintcoin receive address that you have provided. It is a very cool concept, you can mine and mint, mine and mint, all day long.
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deadmanwalking
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March 15, 2014, 09:20:33 PM
 #8762

http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X

Hahahaha this is interesting I'm gonna have to switch my rig over when I get home from work!!


block reward is 1,mine for what ?

This is a profit switching pool, it will mine the most profitable alt coin, sell them and payout miners in Mint.

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hadi
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March 15, 2014, 09:21:15 PM
 #8763

http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X

Hahahaha this is interesting I'm gonna have to switch my rig over when I get home from work!!


block reward is 1,mine for what ?

It mines the most profitable coin and exchanges it for mintcoin, and then sends it to you. You're not directly mining mintcoin.

+1
wow great,i ll try it
deadmanwalking
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March 15, 2014, 09:21:42 PM
 #8764

http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X

Hahahaha this is interesting I'm gonna have to switch my rig over when I get home from work!!


block reward is 1,mine for what ?
You don't mine for Mintcoin directly. You mine for the most profitable coin, then the multipool operator will purchase Mintcoins at an exchange with your mined coins and give the Mintcoins to you via the Mintcoin receive address that you have provided. It is a very cool concept, you can mine and mint, mine and mint, all day long.

You explain things so much better than me Smiley

171XPWLy36oDmQfMdnPYWHfQgkfRoYGjHd
Vann
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March 15, 2014, 09:24:15 PM
 #8765

faaak my chance and my choice Smiley i could sell  @ 45 satoshi and  buy back for 15 now Smiley  GRATUITOUS minting Smiley lost my time and now not recieved anything

Don't worry, it's about to blow
I hope your right I just doubled down on MINT @16 for a little short-term action Smiley
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March 15, 2014, 09:25:38 PM
 #8766

http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X

Hahahaha this is interesting I'm gonna have to switch my rig over when I get home from work!!


block reward is 1,mine for what ?
You don't mine for Mintcoin directly. You mine for the most profitable coin, then the multipool operator will purchase Mintcoins at an exchange with your mined coins and give the Mintcoins to you via the Mintcoin receive address that you have provided. It is a very cool concept, you can mine and mint, mine and mint, all day long.

You explain things so much better than me Smiley

whats controlling what the multipool auto buys at? is it just what the latest sell prices are? If so the entire multipool could be manipulated by whales. If the multipool buys on average prices then whales making the price drop in the markets effects could be minimal on auto buy prices for the multipool.
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March 15, 2014, 09:26:55 PM
 #8767

Yeah I'm a little confused why or how the multipool will bring the price up?


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....TELEGRAM..

Public Sale Coming Soon!

deadmanwalking
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March 15, 2014, 09:28:22 PM
 #8768

http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X


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hadi
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March 15, 2014, 09:28:29 PM
 #8769

which coin mine in multipool now ?:S doge or lite ?:S
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March 15, 2014, 09:29:45 PM
 #8770

Yeah I'm a little confused why or how the multipool will bring the price up?

You automatically mine the most profitable coin there is to mine -> its automatically converted btc which is then used to buy mint at market value -> when all of the offered mint is bought up then the pool automatically buys at the next available price.

Buy pressure.
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March 15, 2014, 09:30:21 PM
 #8771

Yeah I'm a little confused why or how the multipool will bring the price up?

Your mined coins get exchanged for Bitcoins. The operator uses the Bitcoins to buy Mintcoins on your behalf, then gives them to you. This increase buy pressure/demand, thereby pushing the price upwards. Very cool concept.
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March 15, 2014, 09:31:38 PM
 #8772

Yeah I'm a little confused why or how the multipool will bring the price up?
Since MINT is essentially a pure PoS stage going forward, the multi-pools will need to purchase large quantities of MINT in the open market to pay out miners. The increased buy volume should increase the price, though I would say with MINT's much higher total supply maybe not as concentrated an effect as with BC.
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March 15, 2014, 09:31:46 PM
 #8773

I updated the wishlist accordingly
http://www.mintpool.us/

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
Reputation threadFree bitcoins: reviews, hints…: freebitco.in, freedoge.co.in, qoinpro
Ferris419
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March 15, 2014, 09:32:23 PM
 #8774

Yeah I'm a little confused why or how the multipool will bring the price up?

Your mined coins get exchanged for Bitcoins. The operator uses the Bitcoins to buy Mintcoins on your behalf, then gives them to you. This increase buy pressure/demand, thereby pushing the price upwards. Very cool concept.

That's what I thought. Ok makes sense. But what happens when it's not profitable to multipool for mint? The price drops again?


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....TELEGRAM..

Public Sale Coming Soon!

Crindon
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March 15, 2014, 09:42:44 PM
 #8775

Yeah I'm a little confused why or how the multipool will bring the price up?

Your mined coins get exchanged for Bitcoins. The operator uses the Bitcoins to buy Mintcoins on your behalf, then gives them to you. This increase buy pressure/demand, thereby pushing the price upwards. Very cool concept.

That's what I thought. Ok makes sense. But what happens when it's not profitable to multipool for mint? The price drops again?

The multipool will switch automatically. This means if the multipool has your rig mining Litecoin and based on the mining difficulty and LTC/BTC exchange rate shows it's the most profitable, you will continue to mine Litecoin. Say for instance, Dogecoin prices keep rising like crazy because there is a lot of hype on Reddit, then the multipool will switch your miners to mine Dogecoin. It will automatically pick the most profitable coin to mine, profitable against Bitcoin. The mined coins will be exchanged for Bitcoins, then the Bitcoins are used to buy Mintcoin. There should always be an altcoin that is most profitable to mine, so that won't be an issue. It's now just a matter of people wanting to be paid out in Mintcoin which will keep the demand up. We need to get more people wanting to use a Mintcoin multipool versus some other altcoin multipool.
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March 15, 2014, 09:43:30 PM
 #8776

Yeah I'm a little confused why or how the multipool will bring the price up?

Your mined coins get exchanged for Bitcoins. The operator uses the Bitcoins to buy Mintcoins on your behalf, then gives them to you. This increase buy pressure/demand, thereby pushing the price upwards. Very cool concept.

That's what I thought. Ok makes sense. But what happens when it's not profitable to multipool for mint? The price drops again?

It's always profitable because you're multipooling other coins in order to get Mint. If you don't want Mint you wouldn't use the pool.
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March 15, 2014, 09:46:51 PM
 #8777

Very cool concept! Smiley
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March 15, 2014, 09:49:25 PM
 #8778

For people who want to know what a multi-pool looks like you can visit: http://www.coinex.pw

The Mint multi-pool doesn't have the slick user interface, but it works the same.

Edit- More specific: http://www.coinex.pw/mining/pools/SwitchPool-sha256

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klabanus
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March 15, 2014, 09:50:29 PM
 #8779

http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X

Great, will point my miners on it  Smiley
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March 15, 2014, 09:56:51 PM
 #8780

http://mintpool.us/mint/ is the multipool for mintcoin. The site isn't completely finished (obviously), but if you want to mine, stratum+tcp://mint.mintpool.us:4444 User: your mintcoin address, pass: X

Great, will point my miners on it  Smiley

Hashrate climbs every time I refresh the page  Grin

171XPWLy36oDmQfMdnPYWHfQgkfRoYGjHd
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