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

[MirkoIta]

Take note of current message on exchange Bter :

MINT-BTC is delisted

If you have coins on Bter then you should consider moving them ASAP.

Stay safe minters.

Where are you looking at? I'm looking in the delisted coin section of the website, but it doesn't look like it is delisted yet. It says it will be delisted though. Not sure when though. Any idea when it will be delisted? It says withdrawal support is given for 3 months after delisting. What then? Do they just confiscate/steal any remaining coins then?

It's written right above the chart for MINT/BTC market

https://bter.com/trade/mint_btc

[MintyAllDay]

"We will provide 3 months withdrawal service..."

https://bter.com/article/11868

[coolbeans94]

Wow. What a shame. BTer giving any reason given for delisting? Even some other of the coins they desisted don't really make sense to me why. Is it just a daily volume thing or what? I'm sort of tired of these exchanges doing this. Oh well, once again MINT still has other exchanges so whatever. I wonder if  we should expect to see another dump in the price like what happened before when other exchanges went down or delisted. This seems to be a recurring trend lol. Nevertheless, I'm sure MINT will keep on. Nothing has stopped it so far.

[NoculaR]

I have a question about the Mintcoin difficulty . I am looking at this http://www.fuzzbawls.pw/explore/MintCoin/ and where it says Difficulty: PoS: 0.22451874

I know PoS stands for proof of stake, but how is PoS difficulty different than PoW difficulty? How is this calculation made?  What is it's importance, and what is a good number/level for PoS difficulty to be at?

[vashshawn]

I have a question about the Mintcoin difficulty . I am looking at this http://www.fuzzbawls.pw/explore/MintCoin/ and where it says Difficulty: PoS: 0.22451874

I know PoS stands for proof of stake, but how is PoS difficulty different than PoW difficulty? How is this calculation made?  What is it's importance, and what is a good number/level for PoS difficulty to be at?

it is based on the amount of people running wallets with balances, earning interest

[NoculaR]

I have a question about the Mintcoin difficulty . I am looking at this http://www.fuzzbawls.pw/explore/MintCoin/ and where it says Difficulty: PoS: 0.22451874

I know PoS stands for proof of stake, but how is PoS difficulty different than PoW difficulty? How is this calculation made?  What is it's importance, and what is a good number/level for PoS difficulty to be at?

it is based on the amount of people running wallets with balances, earning interest

In general, I understand that. I was hoping for more details to understand it better.

[kiklo]

I have a question about the Mintcoin difficulty . I am looking at this http://www.fuzzbawls.pw/explore/MintCoin/ and where it says Difficulty: PoS: 0.22451874

I know PoS stands for proof of stake, but how is PoS difficulty different than PoW difficulty? How is this calculation made?  What is it's importance, and what is a good number/level for PoS difficulty to be at?

it is based on the amount of people running wallets with balances, earning interest

In general, I understand that. I was hoping for more details to understand it better.

PoW Difficulty
Difficulty is a measure of how difficult it is to find a hash below a given target.

PoS Difficulty
Difficulty is a measure of how difficult it is to Stake a Block of Coins below a given target.

Target is the BlockSpeed,
for BTC it is 10 minutes,
for Mint it is 30 Seconds,


If you want an more in-dept explanation , this link had more info  https://github.com/novacoin-project/novacoin/wiki/Proof-of-stake

Proof-of-stake is term referring to the use of currency itself (ownership) to achieve certain goals. In the NovaCoin proof-of-stake is used to provide mining and transaction processing on a par with proof-of-work.

Novacoin uses the mixed Coin-Age/CoinDayWeight approach to provide proofs of the stake. The proof-of-stake difficulty is adjusted so as to limit the rate at which new blocks can be generated by the network to 10 minutes target spacing rate. Due to the very low probability of successful proof generation, this makes it unpredictable which computer in the network will be able to generate the next solution.
How it's supposed to work?

It's performed through scanning all available inputs in order to find lucky one that satisfies following condition:

SHA256(SHA256(KERNEL)) < CoinDayWeight *  NetworkTarget

Miner has to find a SHA256 hash that is under the target value. Target is derived from network target using CoinDayWeight parameter. The proof is presented by kernel hash and header signature. Each coinstake kernel represented by structure of 6 fields, a some of this fields could be varied pretty freely.
Field    Type    sizeof    Requirements
nStakeModifier    unsigned long int    8    Shouldn't be modified manually.
nTimeBlockFrom    unsigned int    4    Timestamp for block which provided previous transaction.
nTxPrevOffset    unsigned int    4    Offset of previous transaction inside the block.
nTxPrevTime    unsigned int    4    Timestamp of previous transaction.
nPrevoutNum    unsigned int    4    Output number of previous transaction.
nTimeTx    unsigned int    4    Current timestamp.

The hashing result of a valid proof-of-stake value must be lower than block target. Miner tries to find this suitable solution by scanning all available unspent inputs with suitable CoinDayWeight.
How long will it take me to generate a proof-of-stake?

Just like with proof-of-work, no-one can say exactly. But there is an estimation of how long it might take. Calculations are quite similar with proof-of-work, but instead of hash we have coin-day-second here. So, at difficulty 1.0 we need ~ 4294967297 coin-day-seconds to find a block.

Probability of successful block generation during one day could be calculated from available CoinDayWeight using formula:

P = CoinDayWeight * 86400 / (4294967297 * difficulty)

Let's estimate probability for current difficulty (0.23482093):
P    Age    <= 30    45    60    90    120    8
Sum    -                   
1       0    0.0013    0.0026    0.0051    0.0077    0.0077
10       0    0.0128    0.0257    0.0514    0.0771    0.0771
100       0    0.1285    0.257    0.514    0.771    0.771

Average block generation time could be calculated as:

T =  4294967297 * difficulty / (CoinDayWeight * 86400)

Days    Age    <= 30    45    60    90    120    8
Sum    -                   
1       8    778.2    389.1    194.55    129.7    129.7
10       8    77.82    38.91    19.46    12.97    12.97
100       8    7.78    3.89    1.95    1.3    1.3
When can I start generating proof-of-stake blocks?

If you have balance then novacoind would automatically try to generate proof hashes for you. If you find a stake the reward is calculated using current proof-of-stake difficulty and coin-age amount consumed. The reward amount is added to your stake amount and is shown together in the "stake" field of getinfo output.

Because stake is withheld from spending for 520 blocks, if you do need to keep your balance around to be spent soon we provided a configuration option "reservebalance" to help you keep your balance from being used by stake. You can add a line "reservebalance=10000" to novacoin.conf and restart your novacoind. This way novacoind would try to keep your balance above 10000 coins when generating stakes.
What about rewards?

Block reward is based on Coin-Age parameter and proof-of-stake difficulty. A reward can be calculated using formula

nProofReward = min(10, CoinAge * (0.03125 / difficulty) ^ (1 / 3) * 33 / (365 * 33 + 8 ));

In other words, a reward is limited by 10 coins value, starts from 1 coin per Coin-Year and cut a half every 8x multiply of difficulty.

 

[keyboard warrior]

"We will provide 3 months withdrawal service..."

https://bter.com/article/11868

Even when bter has delisted a coin it still enforces maximum daily withdrawal limits. If you have a lot of mint on bter don't wait until the last minute to withdraw them. It might take a week to withdraw a big amount as there's a maximum allowed each day.

[whynotbit]

Just to say Mint is delisted for good on Bter, but also that for my own experience I did leave this crazy crypto world for some time (like 2 years, throw rotten eggs, tomatoes, or cryptos for my great irresponsability) and Bter kept all my delisted coins (at least I think) with ability to withdraw (my presence here to find updates on the coin status)
Enjoy!
PS : Any exchange to trade Mintcoin ?

[Trimegistus]

Just to say Mint is delisted for good on Bter, but also that for my own experience I did leave this crazy crypto world for some time (like 2 years, throw rotten eggs, tomatoes, or cryptos for my great irresponsability) and Bter kept all my delisted coins (at least I think) with ability to withdraw (my presence here to find updates on the coin status)
Enjoy!
PS : Any exchange to trade Mintcoin ?

Cryptopia

[Fuzzbawls]

PS : Any exchange to trade Mintcoin ?

https://www.coinhills.com/market/mint/

Cryptopia
CoinExchange.io
Novaexchange
SouthXchange

[coolbeans94]

Does anyone have any information on who is behind CoinExchange.io? Seems kind of shady to me because it doesn't have a country or physical address listed.

[MintyAllDay]

Does anyone have any information on who is behind CoinExchange.io? Seems kind of shady to me because it doesn't have a country or physical address listed.

Additional related info...

Twitter @CoinExchangeio started March 2016

https://bitcointalk.org/index.php?topic=1532173.0

https://www.reddit.com/r/CryptoCurrency/comments/4afvjw/coinexchangeio_launches_in_beta_trading_mode/

[Buy$Polar]

Mintcoin
Market Cap
$458,056 

[Tubularwindow]

@ buy$Polar

Nobody really cares about your opinion.  The reason the price swung so much was because someone-one on Cryptopia did a massive LTC dump, and it threw off almost every market on the exchange. One of the markets that is traded decently there is MINT which was included in the price swing. It artifically pumped the exchange rate for XMR to extreme highs resulting in a massive MINT/XMR selloff. But MINT actually absorbed all of the impact quite well and things look to me be rather normalizing again now already, back up to about $600,000 or so last I checked.

[MintyAllDay]

$670 market cap on coinmarketcap right now.  Just another fun, minty day at the beach.  Hillary is just off to the side of this photo drinking a mojito.

[sulfurtank]

Does anyone have any information on who is behind CoinExchange.io? Seems kind of shady to me because it doesn't have a country or physical address listed.

Yes, but he's is no longer among us. He has died from mental illness, and it seems that chances that he will ever come back to life are next to zero, unless lab rats from ur surroundings know how to artificially bring a dead body back to life.

[sulfurtank]

"We will provide 3 months withdrawal service..."

https://bter.com/article/11868

This is a confidence trick. They tell u this to make u deposit more quid into that chinese craphole, and after they see u placed enough cash in ur account, they will stick a poisoned knife in ur back or beat u to death with a metal stick, guaranteed.

[coolbeans94]

Hey MintyAllDay,

I had an idea...(Not sure what other people think about this, but just thought I'd throw it out there)

In regard to your Mint trading cards... Was just thinking it would be cool if they were somehow infused with a spearmint scent! Would just add that extra touch! Not sure if this is possible though, but wanted to put the idea out there 

[Flyskyhigh]

What's new? Anything going on? Is there a wallet update coming soon? Just curious.