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

[stormia]

What's the latest news about Mint? It is my baby, my heart belongs to Mint but it hasn't has some breaking news for along time. It looks lifeless.

Thunderclap tomorrow/today, sign up if you haven't already! https://www.thunderclap.it/projects/9388-free-mintcoin-giveaway

The mintcoin foundation is in the works atm.

Supposed to be a Android wallet on the way, too.

Lots of new merchants, as you can see, and more continue to be added very often.

Sleeepy time for me.

[Anonymousg64]

Since we are discussing tech stuff, do we have any news about coins getting matured earlier than expected?

I mean, I really do not mind having some more MINTs earlier than expected but on the other hand I am a bit worried about the inflation.
It is a different thing to have 20% more coins in 1 year than having them in, let's say, 8 months.

Did the devs commented on that? Maybe I missed it ...

The overall inflation would be the same, it would only be accelerated since the final total number of coins is not changed. right? If anything else, the overall inflation would be less because it would transition to the lower inflation rate sooner?

according to

Code:

int64 nSubsidy = nCoinAge * nRewardCoinYear / 365;

the 20% does not account for compounded rewards

Okay so how does that change: "The overall inflation would be the same, it would only be accelerated since the final total number of coins is not changed."

And please, why are you still only scrutinizing and posting on mintcoin when every PoS coin is affected by everything you are saying here.

same as what?
it wont be the expected 20%
you are looking at a maximum of 22%
but it wont be that because not all coins are minting with perfect 20 day cycles, some are not staking and some are being spent resetting the age


btw, i only answered out of my own will, im not scrutinizing mintcoin, i happen to be here with the source code open

[onebutton]

Mintcoin is really good Coin. I told it to my neighbor friends and family ,everyone bought 1 btc

Yes
Mintcoin is a very promising coins, I also bought a lot of
I believe that in the near future, the price will rise a lot!

[thisisit]

note that there are people looking into on how to attack pos coins.

reason for this is that proof of stake ( pure ) hasnt been fully checked as a standalone technology.

however, it is written/invented by sunny king who is a very smart dude.

yes, i have seen articles as well on how to damage a pos coin, without cost. most of it is bla or see below.

however, it requires you to have 51% stake atm, but there might be other ways which have not surfaced yet.

"The trouble with Proof-of-stake is that there is nothing at stake."

whales can easily get 51% of the coins. especially at this pricelevel. there is nothing at stake.

so if a whale has bad intentions ( hope wolong is on your side )... yes, then very much damage can be done.

same as with pow coins, you can build a new longest chain that will be seen as valid in the network,
allowing double spend and cancelling transactions/making sure that transactions are not confirmed.

so pray that a whale, with bad intentions, does not get 51%

[hyeoam]

Charts here: http://crypto-prices.com/MINT

[lti4301]

Someone just bought 21 million mint...I wish I could do that  

Poor guy!! He'll lose big!!

Poor guy
Many of the recent price drop.
Good luck with it!
Don't sell when the price at the end of!

[lti4301]

Wow three new merchants already today! This is why I believe mint has a promising future

Yes
This day should be a bright future!
Let us work together to hold it until its price rise to our desired position!

 

[Coinmin]

I keep my coins until better days. And while they are multiplied in my wallet. And it's cool!

[whywefight]

today i should get some minted coins right?

[dille71]

today i should get some minted coins right?

Well that depends on how long you had your coins untoutched in your wallet.....

[whywefight]

today i should get some minted coins right?

Well that depends on how long you had your coins untoutched in your wallet.....

20 days. last transaction 9th of March

[lti4301]

I believe that in long term you are most probably right. However, in order for a coin to develop long term it should survive short term.

Well, I suppose that it will be a bumpier ride than initially expected, noting more, nothing less.

Now too many types of coins
In the market is not standardized
The price fluctuation is too big
Choose a good coin

[dille71]

Has anyone figured out how many btc worth of mint you'll get per Mhs on hashcows?
I've been running it for 2.5 days now and it seems low, I think it might be better to collect the BTC ourselves then trade them in for mint...

Well how much have you received?

about .004 worth of btc for a 3.2 mhs rig... 

I got 5000 mint in 7 hours mining with 350 kh/s. Thats allmost 0.007btc/24hr/mhs
the profitability can vary from day to day but on avarage hashcows has the highest.

[KSGuy]

Has anyone figured out how many btc worth of mint you'll get per Mhs on hashcows?
I've been running it for 2.5 days now and it seems low, I think it might be better to collect the BTC ourselves then trade them in for mint...

Well how much have you received?

about .004 worth of btc for a 3.2 mhs rig...  

I got 5000 mint in 7 hours mining with 350 kh/s. Thats allmost 0.007btc/24hr/mhs
the profitability can vary from day to day but on avarage hashcows has the highest.

hmm, that's nowhere close to what I got.
I moved over to CM and just picked up some more mint with the btc I made.
I'll give HC another shot over the weekend, maybe it was just bad luck on my part.

[mgburks77]

so pray that a whale, with bad intentions, does not get 51%

That would cost the attacker about $750,000.

Is it really worth it to attack? I mean they are spending 750K to destroy their own money, who would do that? 

[visual111]

so pray that a whale, with bad intentions, does not get 51%

That would cost the attacker about $750,000.

Is it really worth it to attack? I mean they are spending 750K to destroy their own money, who would do that? 

the attacker could be a masochist.


ha, they'd come full circle

[mgburks77]

I think if someone gets that much stake the main danger is a massive sell off. A canny seller would sell in tiny lots so they wouldn't dump the price before they sold out.

I think the actual interest of anyone who held a 51% position would be to do things that maintain or raise price levels.

[leckey]

672,629.93 MINT wagered in 2729 bets @ http://mintcoin-dice.com

I've increased the maximum bet now to 5000 MINT (I'll increase it again soon to 10,000)
Also added some keyboard shortcuts for faster betting. You can change the odds of the roll (key: 1-9) and also roll (key: r)

Get rolling at https://mintcoin-dice.com

[BitcoinFX]

Supporters 125 of 100

125% of goal supported

Social Reach 53,797+ People

Time Left about 1 hour

https://www.thunderclap.it/projects/9388-free-mintcoin-giveaway

Good job everyone! Perhaps we could of found more supporters with paid promotion.

Anyway, not bad and certainly better than a fart in a space suit.  

[gonzoucab]

from http://www.peercointalk.org/index.php?topic=401.0

"There are a lot more PoS blocks than Pow. Once you mint a block with your coins they are locked in stake for 520 blocks, and the PoS mints with a transactions size ie if you get 1000PPC and the transaction is old enough it will mint and your PPCs will be locked in stake. There is no guarantee that the next block will be PoS so you have to own 51% PoW, and if you have a bunch of old coins there is no guarantee that you find all the PoS blocks in a row either ... So NO finding six blocks and double spending might risk the network rejecting your blocks and losing your stake..."

This does have me wondering how a pure PoS coin prevents this, since there IS a guarantee that the next block will be PoS...

Sounds like a blackcoin problem.

They always mistake the forum page... dont now why they love it here this much.