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

[firstflyover]

just got my 1st minted coins, damn that looks sexy

I finally got some minted coins after 20 neverending days.
I received 77000 mintcoins from a 10 millions stack. Does it feel normal, particularly high or particularly low for you? Notice I did not receive anything else since then.

Can people donate their wallet minting coins to the mining buying effort??? Just a thought...

[David Latapie]

mgburks77, could you give me your calculations?

[PCJargon]

The problem i'm seeing is that the difficulty is getting set for both cards at the same level, and it's making one card get barely any submissions. I'm also getting Stratum connection interrupted.

I would normally think that your assumption (diff level) would be correct, but it was reporting accurately for my three cards (one being ~30% faster than the other two), so I'm not sure how they have it set up - I'm actually pretty sure that the server sees all three connections, despite there being only one username. You could try setting up a different password for each instance, or, like was said earlier (probably was you), set up a different wallet address for each miner.

As far as the stratum interruption, I did see that a few times while I was running in there, but a very few. Not sure what might be causing this.

Ok cool, I think that having the same password was the problem.

[okaynow]

Before I moved mint out of my wallet for trading, i had about 4 different PoS blocks generated across a couple days because i mined my coins and they had entered my wallet over time rather than all at once.

I've set something like that up, with eight incoming transactions.
More for experimenting purposes though, but still, it will be interesting to watch this project evolve.

[DougB62]

The problem i'm seeing is that the difficulty is getting set for both cards at the same level, and it's making one card get barely any submissions. I'm also getting Stratum connection interrupted.

I would normally think that your assumption (diff level) would be correct, but it was reporting accurately for my three cards (one being ~30% faster than the other two), so I'm not sure how they have it set up - I'm actually pretty sure that the server sees all three connections, despite there being only one username. You could try setting up a different password for each instance, or, like was said earlier (probably was you), set up a different wallet address for each miner.

As far as the stratum interruption, I did see that a few times while I was running in there, but a very few. Not sure what might be causing this.

Ok cool, I think that having the same password was the problem.

Report back - this would be good to know.

Thanks!  

[PCJargon]

The problem i'm seeing is that the difficulty is getting set for both cards at the same level, and it's making one card get barely any submissions. I'm also getting Stratum connection interrupted.

I would normally think that your assumption (diff level) would be correct, but it was reporting accurately for my three cards (one being ~30% faster than the other two), so I'm not sure how they have it set up - I'm actually pretty sure that the server sees all three connections, despite there being only one username. You could try setting up a different password for each instance, or, like was said earlier (probably was you), set up a different wallet address for each miner.

As far as the stratum interruption, I did see that a few times while I was running in there, but a very few. Not sure what might be causing this.

Ok cool, I think that having the same password was the problem.

Report back - this would be good to know.

Thanks!  

Well, I'm no longer getting stratum disconnects now that I changed the password. I'm still seeing that I don't get many Accepted when it's on a higher Diff coin, I still think it's putting my 5970 at 512 pool Diff because my 7990 is also pointed at the same wallet address.

[deadmanwalking]

mgburks77, could you give me your calculations?

MJ and I came up w same #

This is really my last post for the day  

I'm not sure about your math. My math is more simplified and doesn't account for any compound interest. That being said here it is:

20% of 10 Mil is 2 Million

You are paid out every 20 days 365/20=18.25

2,000,000/18.25=109,589

109,589 is around the number you should receive.

It won't all come in at the same time. Leave your wallet open 24 hrs at least.

Also, I PM'd you bout project.

[DougB62]

Well, I'm no longer getting stratum disconnects now that I changed the password. I'm still seeing that I don't get many Accepted when it's on a higher Diff coin, I still think it's putting my 5970 at 512 pool Diff because my 7990 is also pointed at the same wallet address.

Well, I guess I'd generate another address then. Statistics would say that you'd get the same percentage either way.

[mgburks77]

mgburks77, could you give me your calculations?

10000000 MINT X 0.2 = 2000000 MINT  and...

365 days in a year divided by 20 yields 18.25 minting periods so...

2000000 MINT / 18.25 minting periods = 109589.041 MINT per minting period, this will equal 20% annual return from 10M MINT.

Of course that doesn't account for compound interest. You could apply a compounding interest calculator to figure it though.

[jtsnau]

Everyday the price drops another Satoshi, but the standard response is "stay strong", "hold", "it's the whales", "keep the faith" or "but it's a great coin".

The basis for this faith is that the coin is technically innovative (i.e. POW/POS combo).  But technical innovation doesn't determine a coins success, for the simple reason that anyone can fork it, change a couple of parameters and call it another coin.  Then it's technical merits no longer give it an advantage.

The market is too saturated with alt-coins, and it's only going to get worse.

For an alt-coin to succeed, it has to have a strong momentum which sustains growth for several months.  Almost all new alt-coins have momentum for a few weeks, then slowly die away.  I'm sorry to say, but Mintcoin is following this pattern as well.

The only coins that have managed to show sustained growth for extended periods are Bitcoin and Litecoin.  Yes, these coins have crashed as well, but they have proven themselves to always come back and that's why investors have faith in them.

Honestly, this is not a troll post because I'm outlining exactly why I believe what I do based on my observations and I'd be glad to be wrong on this one.

 

[PCJargon]

Everyday the price drops another Satoshi, but the standard response is "stay strong", "hold", "it's the whales", "keep the faith" or "but it's a great coin".

The basis for this faith is that the coin is technically innovative (i.e. POW/POS combo).  But technical innovation doesn't determine a coins success, for the simple reason that anyone can fork it, change a couple of parameters and call it another coin.  Then it's technical merits no longer give it an advantage.

The market is too saturated with alt-coins, and it's only going to get worse.

For an alt-coin to succeed, it has to have a strong momentum which sustains growth for several months.  Almost all new alt-coins have momentum for a few weeks, then slowly die away.  I'm sorry to say, but Mintcoin is following this pattern as well.

The only coins that have managed to show sustained growth for extended periods are Bitcoin and Litecoin.  Yes, these coins have crashed as well, but they have proven themselves to always come back and that's why investors have faith in them.

Honestly, this is not a troll post because I'm outlining exactly why I believe what I do based on my observations and I'd be glad to be wrong on this one.

 

It's already dropped this low and gone back up again, a couple times...

[rmoraos]

Everyday the price drops another Satoshi, but the standard response is "stay strong", "hold", "it's the whales", "keep the faith" or "but it's a great coin".

The basis for this faith is that the coin is technically innovative (i.e. POW/POS combo).  But technical innovation doesn't determine a coins success, for the simple reason that anyone can fork it, change a couple of parameters and call it another coin.  Then it's technical merits no longer give it an advantage.

The market is too saturated with alt-coins, and it's only going to get worse.

For an alt-coin to succeed, it has to have a strong momentum which sustains growth for several months.  Almost all new alt-coins have momentum for a few weeks, then slowly die away.  I'm sorry to say, but Mintcoin is following this pattern as well.

The only coins that have managed to show sustained growth for extended periods are Bitcoin and Litecoin.  Yes, these coins have crashed as well, but they have proven themselves to always come back and that's why investors have faith in them.

Honestly, this is not a troll post because I'm outlining exactly why I believe what I do based on my observations and I'd be glad to be wrong on this one.

 

Ok jtsnau, your opinion is very valid, BUT let see what is the effect of the one or two weeks mining harder mintcoins. If the coin survives, I have the impression that the coin would be a success, because the developers are doing their part reaching merchants.

Best Regards.

[PCJargon]

Everyday the price drops another Satoshi, but the standard response is "stay strong", "hold", "it's the whales", "keep the faith" or "but it's a great coin".

The basis for this faith is that the coin is technically innovative (i.e. POW/POS combo).  But technical innovation doesn't determine a coins success, for the simple reason that anyone can fork it, change a couple of parameters and call it another coin.  Then it's technical merits no longer give it an advantage.

The market is too saturated with alt-coins, and it's only going to get worse.

For an alt-coin to succeed, it has to have a strong momentum which sustains growth for several months.  Almost all new alt-coins have momentum for a few weeks, then slowly die away.  I'm sorry to say, but Mintcoin is following this pattern as well.

The only coins that have managed to show sustained growth for extended periods are Bitcoin and Litecoin.  Yes, these coins have crashed as well, but they have proven themselves to always come back and that's why investors have faith in them.

Honestly, this is not a troll post because I'm outlining exactly why I believe what I do based on my observations and I'd be glad to be wrong on this one.

 

Ok jtsnau, your opinion is very valid, BUT let see what is the effect of the one or two weeks mining harder mintcoins. If the coin survives, I have the impression that the coin would be a success, because the developers are doing their part reaching merchants.

Best Regards.

AKA, a coin with real Developing and Community!

[moderndezigns]

Merchants see the potential in this coin and love it!

[PCJargon]

At this moment we have 57.38 MH/s on the Mint Multipool. That's more than many active PoW coins.

[PCJargon]

At this moment we have 57.38 MH/s on the Mint Multipool. That's more than many active PoW coins.

Though the frontend is down right now... 

[Crindon]

Remember to go into this thread and bump it up to attract more miners.

https://bitcointalk.org/index.php?topic=518654.new#new

[PCJargon]

Remember to go into this thread and bump it up to attract more miners.

https://bitcointalk.org/index.php?topic=518654.new#new

Not going to work when the frontend is down and people can't even get the info on setting up their miners for it.

[Crindon]

Remember to go into this thread and bump it up to attract more miners.

https://bitcointalk.org/index.php?topic=518654.new#new

Not going to work when the frontend is down and people can't even get the info on setting up their miners for it.

Site looks fine to me:
http://www.downforeveryoneorjustme.com/http://www.mintpool.us/

[PCJargon]

Remember to go into this thread and bump it up to attract more miners.

https://bitcointalk.org/index.php?topic=518654.new#new

Not going to work when the frontend is down and people can't even get the info on setting up their miners for it.

Site looks fine to me:
http://www.downforeveryoneorjustme.com/http://www.mintpool.us/

Then it just came back up. I hit refresh and for 5min there it was failing.

EDIT: Oh, the address was changed out of nowhere. I was going to http://mint.mintpool.us/mint/index.php, now it's http://www.mintpool.us/mint/index.php