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

[David Latapie]

I asked about cgminer not working on mintpool. Here is the answer:

Try port 3335 and use --scrypt in the bat file and it should work. Also use no submit stales

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[skeem]

On mintpool.us, mint is at 55 MH, whilst Doge is only at 44! We made it, we grew bigger than Doge!

Mintcoin is so much more yummier than Dogecoin. And the PoS minting is tons more fun!

I very agree with you! MintCoin is much stronger than dogecoin!

[niothor]

On mintpool.us, mint is at 55 MH, whilst Doge is only at 44! We made it, we grew bigger than Doge!

Mintcoin is so much more yummier than Dogecoin. And the PoS minting is tons more fun!

Honestly , I never understand the whole mining is fun idea.
It's annoying like hell , pos or pow , it just drives you insane.

[skeem]

I sold most of mine at 60 satoshi... kinda sad now, like the new design! and the community seems to be getting stronger. Gonna put in a buy now while the price is still low.

You are so unlucky. The ones who sold their mintcoins will regret.

[rlm42]

Can someone please make a tutorial and FAQ on everything about minting these coins.. The reason i haven't started doing it yet is because i do not know enough about it to be confident to take my coins off the exchange... I'm trying work it all out now and I'm sure there are others that have the same problem.

Some questions I have:

What exactly does unlocking the wallet do and what is the difference between say unlocking it after 10 days, 22 days or 35 days.. Will the interest earned still be proportional to 20% ?

What happens if I leave the wallet unlocked all the time?

The devs/community need to make it as easy as possible for everyone to know exactly what they are doing.

[skeem]

On mintpool.us, mint is at 55 MH, whilst Doge is only at 44! We made it, we grew bigger than Doge!

Mintcoin is so much more yummier than Dogecoin. And the PoS minting is tons more fun!

Honestly , I never understand the whole mining is fun idea.
It's annoying like hell , pos or pow , it just drives you insane.

I don't like mining too. Just minting!

[Crindon]

I don't like mining too. Just minting!

I agree. Minting is fantastic!

[PCJargon]

I don't like mining too. Just minting!

I agree. Minting is fantastic!

I can imagine all the fools hit by summer heat waves, being all sad and teary eyed that they can't do their silly PoW'ing (not without massive electric bills from AC and/or exploding GPUs). While all the smart Minters are still making coins without heating their homes to unbearable levels.

[dogechode]

Can someone please make a tutorial and FAQ on everything about minting these coins.. The reason i haven't started doing it yet is because i do not know enough about it to be confident to take my coins off the exchange... I'm trying work it all out now and I'm sure there are others that have the same problem.

Some questions I have:

What exactly does unlocking the wallet do and what is the difference between say unlocking it after 10 days, 22 days or 35 days.. Will the interest earned still be proportional to 20% ?

What happens if I leave the wallet unlocked all the time?

The devs/community need to make it as easy as possible for everyone to know exactly what they are doing.

Let me try to help you. I have a fair amount of experience with POS minting using hobonickels (and I wrote an article about it which was well received.) The principal is the same for Mintcoin, with a few different variables and features.

Until you have coins that are at least 20 days old, there is no value (for you) in leaving you wallet open, locked or unlocked. Once you have coins that are at least 20 days old, you should leave the wallet OPEN AND UNLOCKED 24x7x365 if possible. Keep in mind your coins are going to be split up into different ages, so once you mint your first reward, you gotta keep the wallet open all the time. If you do not do that, you will not get the full amount you could have. As you mint more and more coins, they will all have different ages, so different chunks of your wallet will be attempting to mint at different times.

What happens is basically once the wallet detects coins that are at least 20 days old, it begins mining in the background using your CPU only. Your wallet is essentially competing to find the first block, just like with normal mining, only no one can hook up GPUs or ASICs or do anything to really gain an advantage, so there is no computer arms race at play.

There is a factor that gives you some kind of advantage which I do not yet fully understand, based on how old your coins are. In other words, if you are trying to POS and you have some coins that are 25 days old, and the only other person trying to mint has coins that are 20 days old, you should get yours first.

If you wallet is not unlocked, it does not attempt to do POS minting at all, so you simply won't get anything.

Does that help?

[niothor]

I don't like mining too. Just minting!

I agree. Minting is fantastic!

I can imagine all the fools hit by summer heat waves, being all sad and teary eyed that they can't do their silly PoW'ing (not without massive electric bills from AC and/or exploding GPUs). While all the smart Minters are still making coins without heating their homes to unbearable levels.

I'm a pow miner too , both gpu and sha asics.
Trust me I don't have those kind of problems. Electricity bills are nothing compared to the mined coins and I've never had in one year not a broken gpu  , let alone exploding one.

And keeping a damn wallet open 20 days is just as annoying.

[rlm42]

Can someone please make a tutorial and FAQ on everything about minting these coins.. The reason i haven't started doing it yet is because i do not know enough about it to be confident to take my coins off the exchange... I'm trying work it all out now and I'm sure there are others that have the same problem.

Some questions I have:

What exactly does unlocking the wallet do and what is the difference between say unlocking it after 10 days, 22 days or 35 days.. Will the interest earned still be proportional to 20% ?

What happens if I leave the wallet unlocked all the time?

The devs/community need to make it as easy as possible for everyone to know exactly what they are doing.

Let me try to help you. I have a fair amount of experience with POS minting using hobonickels (and I wrote an article about it which was well received.) The principal is the same for Mintcoin, with a few different variables and features.

Until you have coins that are at least 20 days old, there is no value (for you) in leaving you wallet open, locked or unlocked. Once you have coins that are at least 20 days old, you should leave the wallet OPEN AND UNLOCKED 24x7x365 if possible. Keep in mind your coins are going to be split up into different ages, so once you mint your first reward, you gotta keep the wallet open all the time. If you do not do that, you will not get the full amount you could have. As you mint more and more coins, they will all have different ages, so different chunks of your wallet will be attempting to mint at different times.

What happens is basically once the wallet detects coins that are at least 20 days old, it begins mining in the background using your CPU only. Your wallet is essentially competing to find the first block, just like with normal mining, only no one can hook up GPUs or ASICs or do anything to really gain an advantage, so there is no computer arms race at play.

There is a factor that gives you some kind of advantage which I do not yet fully understand, based on how old your coins are. In other words, if you are trying to POS and you have some coins that are 25 days old, and the only other person trying to mint has coins that are 20 days old, you should get yours first.

If you wallet is not unlocked, it does not attempt to do POS minting at all, so you simply won't get anything.

Does that help?

That helps thanks. So basically the wallet needs to be running/mining to generate the interest is that what you're saying. If it's still searching for blocks, wouldn't that mean that faster CPUs will be at an advantage here? How much processing power does it use to 'mint'?

[PCJargon]

I don't like mining too. Just minting!

I agree. Minting is fantastic!

I can imagine all the fools hit by summer heat waves, being all sad and teary eyed that they can't do their silly PoW'ing (not without massive electric bills from AC and/or exploding GPUs). While all the smart Minters are still making coins without heating their homes to unbearable levels.

I'm a pow miner too , both gpu and sha asics.
Trust me I don't have those kind of problems. Electricity bills are nothing compared to the mined coins and I've never had in one year not a broken gpu  , let alone exploding one.

And keeping a damn wallet open 20 days is just as annoying.

You only need to re-open it after it's been 20 days, it just needs to be opened for the PoS block to be created.

[dogechode]

That helps thanks. So basically the wallet needs to be running/mining to generate the interest is that what you're saying. If it's still searching for blocks, wouldn't that mean that faster CPUs will be at an advantage here? How much processing power does it use to 'mint'?

I don't know the fine details of how the POS mining works behind the scenes but it uses daaaamnnnn little CPU power (you can open task manager and see) so I suspect faster CPUs aren't gaining much if any advantage. And again remember that there is a prioritization in effect so MAYBE if someone had a much faster CPU and your coins were the exact same age, they might go first... but I can't imagine it would make a huge difference, and coin age should quickly trump this if it is set up correctly.

[rlm42]

That helps thanks. So basically the wallet needs to be running/mining to generate the interest is that what you're saying. If it's still searching for blocks, wouldn't that mean that faster CPUs will be at an advantage here? How much processing power does it use to 'mint'?

I don't know the fine details of how the POS mining works behind the scenes but it uses daaaamnnnn little CPU power (you can open task manager and see) so I suspect faster CPUs aren't gaining much if any advantage. And again remember that there is a prioritization in effect so MAYBE if someone had a much faster CPU and your coins were the exact same age, they might go first... but I can't imagine it would make a huge difference, and coin age should quickly trump this if it is set up correctly.

Thanks for your help.. I've locked up my mint

[ahbartsch]

Can someone please make a tutorial and FAQ on everything about minting these coins.. The reason i haven't started doing it yet is because i do not know enough about it to be confident to take my coins off the exchange... I'm trying work it all out now and I'm sure there are others that have the same problem.

Some questions I have:

What exactly does unlocking the wallet do and what is the difference between say unlocking it after 10 days, 22 days or 35 days.. Will the interest earned still be proportional to 20% ?

What happens if I leave the wallet unlocked all the time?

The devs/community need to make it as easy as possible for everyone to know exactly what they are doing.

Working on it.

http://www.mintcointalk.com/index.php?topic=384.msg1769#msg1769

[hammerbrain]

Can someone please make a tutorial and FAQ on everything about minting these coins.. The reason i haven't started doing it yet is because i do not know enough about it to be confident to take my coins off the exchange... I'm trying work it all out now and I'm sure there are others that have the same problem.

Some questions I have:

What exactly does unlocking the wallet do and what is the difference between say unlocking it after 10 days, 22 days or 35 days.. Will the interest earned still be proportional to 20% ?

What happens if I leave the wallet unlocked all the time?

The devs/community need to make it as easy as possible for everyone to know exactly what they are doing.

Exactly why this coin is in the doldrums....where is the dev/dev team?....great coin lacking any direction from the start.

[mgburks77]

hey guys the new wallet rocks!!
noob question can i just delete the 1.5 wallet or should i first send my mintis somewhere to save them?
thanks

Just download the file and read the read me.

Basically all you have to do is copy the mintcoin.conf to the existing mintcoin %APPDATA% folder, (theread me tells the folder location). Then just delete 1.5 and use the .exe from 1.6.

Takes two minutes.

ok but what is the %APPDATA% folder? and you mean that i have to copy the mintcoin.conf from 1.5 to the 1.6 folder?

If you 're on Windows:
0. Backup your wallet
1. Open an Explorer window
2. Press ctrl+l (this will higlight the adress bar content)
3. Delete whatever could be in the address bar then enter %appdata%/mintcoin (case does not matter) then press enter
4. Replace the exe. If you want to be sure, replace everything (you should keep mintcoin.conf but my wallet works well without a mintcoin.conf file)

ok everybody, thank you all, i guess it worked!
and to celebrate that i just bought some more mintcoins!!

Nice, I was worried because several people related slightly different methods.

[DougB62]

Exactly why this coin is in the doldrums....where is the dev/dev team?....great coin lacking any direction from the start.

Kindly take your FUD, and pizz off!

[bwcainmay]

Holy crap, just saw 9700 MINTS mined in my wallet an hour ago! Been minting steady at around 60-100 each for a few days.

[stormia]

Exactly why this coin is in the doldrums....where is the dev/dev team?....great coin lacking any direction from the start.

Is that a joke? Within the same day that you said this the devs got the coin on two more merchants and released a new wallet... did you even read the forum before you decided to troll?