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dogechode
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March 27, 2014, 07:26:45 PM |
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Assuming he is correct that we are going at a 1.5 rate, then the 20% annual rate will be 8 months long instead of 12 months, which would mean we will be going to go to the 15% annual rate in approximately 6 months.
If this is even remotely correct, then the coin will be getting rarer faster, which should mean prices increase faster, as supply diminishes sooner. Does anyone know at what block # is the rate reduction supposed to be activated at? Does this also mean that the total coin cap will be less?
No, if they are finding blocks faster it doesn't mean a lower total coin cap, it just means the cap (and milestones along the way, such as the interest rate dropping) may be reached faster. I don't necessarily buy into this whole "oh but that's good news it will help prices" argument. It seems logical, but in reality I have just seen too many altcoins that continued to drop in value after significant events that decreased coin production, like reward halving, took place. |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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beakins0
Newbie
 Offline
Activity: 11
Merit: 0
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March 27, 2014, 07:36:03 PM
Last edit: March 27, 2014, 07:52:46 PM by beakins0 |
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Guys and girls. I really hate to drop a bomb like this, but sooner or later it will get discussed anyway.
Have you seen block height? Currently we are going on the rate of 1.5 times the daily block count target. For example. Mintcoin with 30sec block target shoud generate 2880 blocks per 24hours. The real result for last 24 hours is about 1.5 times higher. And earlier days are similar.
What it means?
Since all PoW/PoS hybrid coins have interest targets calculated based on nHeight (block number), it means that we will hit the second year interest rate much sooner than 1 year since beginning.
Why this is happening?
Blockchain has more blocks because PoS blocks dont follow original PoW difficulty formula. First 20 days were OK ,because there was no PoS. Since day 20, average daily block rate count has steadily raised.
Remember. This is not only Mintcoin issue. Its an issue of all PoS hybrid coins. Its not harmful in any way, but it just moves all yearly targets a lot closer than written in OP.
Interesting. Can anyone work out a new time table? Assuming he is correct that we are going at a 1.5 rate, then the 20% annual rate will be 8 months long instead of 12 months, which would mean we will be going to go to the 15% annual rate in approximately 6 months. If this is even remotely correct, then the coin will be getting rarer faster, which should mean prices increase faster, as supply diminishes sooner. Does anyone know at what block # is the rate reduction supposed to be activated at? Does this also mean that the total coin cap will be less? With 30 second blocks, one year is 1051898 blocks. Faster blocks will also mean that POS rewards will be issued faster. I'm curious if Blackcoin and Peercoin have the same issue. Edit: The last 100 Blackcoin blocks took 102 minutes: http://blocks.blackcoin.pw/chain/BlackCoin?count=100&hi=43268That's pretty close to their 1 minute target. The last 100 Mintcoin blocks took about 33 minutes: http://mintcoin-explorer.info/chain/MintCoin?count=100&hi=181801So, we currently have 20 second blocks rather than 30 second blocks. |
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deadmanwalking
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March 27, 2014, 07:42:36 PM |
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Hello people, Today i got into the world of minting. As an early invester in Bitcoin, i believe that this coin is a new great investment! The low price and the great possibility to grow and expand to the same level as Blackcoin is very plausible in my opinion. I think in a few weeks people wish they bought today!  Welcome to the Mint Revolution! We only need to be at 30 sat to overtake blackcoin marketcap. Actually, blackcoin never reached our peak marketcap which was over a $4 Million. A level we will reach again soon. -Mint pays 20% interest to people who buy in now. -People can turn other coins into mintcoin by mining at hashcows right now! https://hashco.ws/ (under account settings change to payout in mint) -We will be added to a regulated, legitimate fiat exchange in April: http://www.coindesk.com/vault-of-satoshi-gets-full-money-services-license-canada/-Android wallet in the works: https://drive.google.com/folderview?id=0BwpkXqmxmdGScm9lb21pTXhuS00&usp=sharingNow is a great time to buy, and once again welcome aboard  |
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dille71
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March 27, 2014, 07:53:15 PM |
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I was just thinking of a bit of a stunt I'm willing to do. Get myself a mint for life tattoo (on the shoulder)  if people are willing sponsor me i will do it. A few photo's of the tattoo art will definitely make some people see that this community is crazy strong, they will buy in a.s.a.p. I could set up an escrow account for this with someone people trust. I'll throw a million in, but you better film the whole thing..... ROFL  I'll start on it right away. I'll make sure the escrow won't pay out until the video is released. If there's a reliable dutch escrow that want's to do this and film himself to vouch for the authenticity of the movie that's cool with me to.  Great idea!! If mintcoin reach 100 satoshi by next x-mas i will do one too !! |
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Party Hard
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March 27, 2014, 07:55:38 PM |
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Hello people, Today i got into the world of minting. As an early invester in Bitcoin, i believe that this coin is a new great investment! The low price and the great possibility to grow and expand to the same level as Blackcoin is very plausible in my opinion. I think in a few weeks people wish they bought today! Welcome to the Mint Revolution! We only need to be at 30 sat to overtake blackcoin marketcap. Actually, blackcoin never reached our peak marketcap which was over a $4 Million. A level we will reach again soon. -Mint pays 20% interest to people who buy in now. -People can turn other coins into mintcoin by mining at hashcows right now! https://hashco.ws/ (under account settings change to payout in mint) -We will be added to a regulated, legitimate fiat exchange in April: http://www.coindesk.com/vault-of-satoshi-gets-full-money-services-license-canada/-Android wallet in the works: https://drive.google.com/folderview?id=0BwpkXqmxmdGScm9lb21pTXhuS00&usp=sharingNow is a great time to buy, and once again welcome aboard This is a great roundup of recent info for newcomers. Is there a resource other than this forum it could or should be posted on? |
Ladies ladies, one at a time.
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dille71
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March 27, 2014, 07:58:09 PM |
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Aaw i just broke my miner!! Added a new gpu and it ran for two hours before the psu gave up.. And since i live in north sweden in the middle of nowhere i cant just go out and buy a new one... have to order from the net.. now i cant mine until some time next week!!! But the good thing is i will have 1.2mh/s then |
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gonzoucab
Newbie
Offline
Activity: 42
Merit: 0
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March 27, 2014, 08:04:17 PM |
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Aaw i just broke my miner!! Added a new gpu and it ran for two hours before the psu gave up.. And since i live in north sweden in the middle of nowhere i cant just go out and buy a new one... have to order from the net.. now i cant mine until some time next week!!! But the good thing is i will have 1.2mh/s then Send me your Mint Address, ill send some mint im minting for free! |
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thisisit
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March 27, 2014, 08:05:19 PM |
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any news on android wallet?
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any coin that makes me a profit.
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orangered
Member
Offline
Activity: 60
Merit: 10
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March 27, 2014, 08:06:22 PM |
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Please tell me what the part that you innovative?
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paddox
Member
Offline
Activity: 77
Merit: 10
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March 27, 2014, 08:06:38 PM |
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Hello people, Today i got into the world of minting. As an early invester in Bitcoin, i believe that this coin is a new great investment! The low price and the great possibility to grow and expand to the same level as Blackcoin is very plausible in my opinion. I think in a few weeks people wish they bought today! Welcome to the Mint Revolution! We only need to be at 30 sat to overtake blackcoin marketcap. Actually, blackcoin never reached our peak marketcap which was over a $4 Million. A level we will reach again soon. -Mint pays 20% interest to people who buy in now. -People can turn other coins into mintcoin by mining at hashcows right now! [Suspicious link removed]/ (under account settings change to payout in mint) -We will be added to a regulated, legitimate fiat exchange in April: http://www.coindesk.com/vault-of-satoshi-gets-full-money-services-license-canada/-Android wallet in the works: https://drive.google.com/folderview?id=0BwpkXqmxmdGScm9lb21pTXhuS00&usp=sharingNow is a great time to buy, and once again welcome aboard This is a great roundup of recent info for newcomers. Is there a resource other than this forum it could or should be posted on? Maybe here https://cryptocointalk.com/topic/4563-mintcoin-mint-information/ |
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Party Hard
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March 27, 2014, 08:08:40 PM |
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Hello people, Today i got into the world of minting. As an early invester in Bitcoin, i believe that this coin is a new great investment! The low price and the great possibility to grow and expand to the same level as Blackcoin is very plausible in my opinion. I think in a few weeks people wish they bought today! Welcome to the Mint Revolution! We only need to be at 30 sat to overtake blackcoin marketcap. Actually, blackcoin never reached our peak marketcap which was over a $4 Million. A level we will reach again soon. -Mint pays 20% interest to people who buy in now. -People can turn other coins into mintcoin by mining at hashcows right now! [Suspicious link removed]/ (under account settings change to payout in mint) -We will be added to a regulated, legitimate fiat exchange in April: http://www.coindesk.com/vault-of-satoshi-gets-full-money-services-license-canada/-Android wallet in the works: https://drive.google.com/folderview?id=0BwpkXqmxmdGScm9lb21pTXhuS00&usp=sharingNow is a great time to buy, and once again welcome aboard This is a great roundup of recent info for newcomers. Is there a resource other than this forum it could or should be posted on? Maybe here https://cryptocointalk.com/topic/4563-mintcoin-mint-information/Very nice! I'm setting up wallets for my extended family this weekend. This is very handy to point them to. |
Ladies ladies, one at a time.
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deadmanwalking
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March 27, 2014, 08:25:54 PM |
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Hello people, Today i got into the world of minting. As an early invester in Bitcoin, i believe that this coin is a new great investment! The low price and the great possibility to grow and expand to the same level as Blackcoin is very plausible in my opinion. I think in a few weeks people wish they bought today! Welcome to the Mint Revolution! We only need to be at 30 sat to overtake blackcoin marketcap. Actually, blackcoin never reached our peak marketcap which was over a $4 Million. A level we will reach again soon. -Mint pays 20% interest to people who buy in now. -People can turn other coins into mintcoin by mining at hashcows right now! https://hashco.ws/ (under account settings change to payout in mint) -We will be added to a regulated, legitimate fiat exchange in April: http://www.coindesk.com/vault-of-satoshi-gets-full-money-services-license-canada/-Android wallet in the works: https://drive.google.com/folderview?id=0BwpkXqmxmdGScm9lb21pTXhuS00&usp=sharingNow is a great time to buy, and once again welcome aboard This is a great roundup of recent info for newcomers. Is there a resource other than this forum it could or should be posted on? Reddit: http://www.reddit.com/r/MintCoin/comments/21j8tb/why_mintcoin/Reddit has millions of users per day, so it's a great place to promote mintcoin. |
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gnarl
Member
Offline
Activity: 105
Merit: 10
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March 27, 2014, 08:38:01 PM |
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The android wallet would help the most.
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thisisit
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March 27, 2014, 08:47:26 PM |
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Please tell me what the part that you innovative?
there is only little innovation. i think this coin must have it success from its support. but with all the altcoins being launched everyday. i think the altcoin scene will pop soon. spam coins. |
any coin that makes me a profit.
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thisisit
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March 27, 2014, 08:50:00 PM |
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The android wallet would help the most.
the android wallet is a bit hard to build. since there is no copy clone code available. meaning that the abstract blockchain classes have to be rewritten to match POS. someone must know what he/she is doing to make this to a success. even peercoin does not have a wallet. its not only (de-)serialization issues that have to be resolved. it would set this coin apart if they created the wallet. |
any coin that makes me a profit.
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thisisit
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March 27, 2014, 09:06:05 PM |
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mintcointeam needs to speed up things.... we are being literally flooded with pos clones now.
everyone thinking this is the light.
all it takes is just one awesome pos innovative coin to destroy all the others.
evolution.
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any coin that makes me a profit.
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broken_pixel
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March 27, 2014, 09:24:29 PM |
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mintcointeam needs to speed up things.... we are being literally flooded with pos clones now.
everyone thinking this is the light.
all it takes is just one awesome pos innovative coin to destroy all the others.
evolution.
Not true, support from the people and services are key. There are so many innovative alt currencies that are better than Bitcoin yet Bitcoin still trumps all. You need to kick back and stop trying to rush things, most of the newbies seem to think they will get rich in a short time frame. |
GA-990FXA-UD5, 1x 7970L, 2x S1, AX1200i, RIVBE, 2x R290x, NEX1500, BTC: 1G9cQix8bMgh35MQ9wY3Rb9yNSSCtnoRmK, DGC: DFo9FcKYsutv9Vx5c5xUzkrt7VJdECZWTM, LTC: LaAN33aktPGaimN5ALL9kjHjuJekfmKfTh
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Party Hard
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March 27, 2014, 09:45:42 PM |
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mintcointeam needs to speed up things.... we are being literally flooded with pos clones now.
everyone thinking this is the light.
all it takes is just one awesome pos innovative coin to destroy all the others.
evolution.
Not true, support from the people and services are key. There are so many innovative alt currencies that are better than Bitcoin yet Bitcoin still trumps all. You need to kick back and stop trying to rush things, most of the newbies seem to think they will get rich in a short time frame. Agree, merchants are key. I keep emailing some to try and get them to take Mintcoin. |
Ladies ladies, one at a time.
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moderndezigns
Newbie
Offline
Activity: 56
Merit: 0
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March 27, 2014, 09:46:12 PM |
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mintcointeam needs to speed up things.... we are being literally flooded with pos clones now.
everyone thinking this is the light.
all it takes is just one awesome pos innovative coin to destroy all the others.
evolution.
Hey thisisit I know you're always so positive when you stop in but I was just wondering if you're a leaf guy and also use the name MSG? |
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