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

[TookDk]

I am new to PoS, and I still don't fully understand how staking works, can someone explain to me?

I have some very basic question:
Minting start after funds has been in the wallet for more than 20 days?
What is exactly going on when minting?
What/who is verifying the transactions, is that the minting clients?
How is a block found?

[luuupooo]

!!1500 Follower on Twitter!!!

[Kergekoin]

I am new to PoS, and I still don't fully understand how staking works, can someone explain to me?

I have some very basic question:
Minting start after funds has been in the wallet for more than 20 days?
What is exactly going on when minting?
What/who is verifying the transactions, is that the minting clients?
How is a block found?

Most of questions are answered here:
http://mintcoin.com/

What is exactly going on when minting?

Your computer CPU mines your interest coins. Interest is based on strict rules and are hardcoded in to your wallet. They appear as incoming transfer and need 50 conformations to be validated. Just like mined coins.

What/who is verifying the transactions, is that the minting clients?

All verifying is done by Mintcoin global network. Basically by every client who runs mintcoin wallet. Amount of conformations needed is hardcoded in to wallets.

How is a block found?

Simply by searching it. Whichever wallet founds the block will report it to network to get verified. PoS block size will be determined based on how much interest coins are quoted up by the network.
Block will be divided among all applicants for this block.
And of course. All transaction coins are added to every block.
So as a result, blocks final sizes will be occasionaly very large.

[jakema]

for new people this is how to encrypt your mintcoin wallet (encrypting will not affect coin age)
but remember to unlock every 20 days to receive your fresh new mintcoins

video -
https://www.youtube.com/watch?v=9jglmkwlpyM&feature=youtube_gdata

step by step -
1. click settings
2. click encrypt wallet
3. type password (do not forget your password)
and its that easy

to unlock
1. click the unlock bar at bottom of wallet
2. type password

tip - when backing up your wallet back it up with the password on for extra security
tip - if you close your wallet with it unlocked it will automatically lock again

[louie6925]

Realistically guys, where do you see mint coin going?

I've been holding mint for a while, for some reason I just can't sell, it feels wrong as for some reason I have massive faith in this coin! So I will continue to hold, tip and buy more.

Just wanting to ask any mint experts out there where you see this going, what can mint be worth and what's the likely hood? Be interested to hear from the more mint educated people of the community!

[TookDk]

for new people this is how to encrypt your mintcoin wallet
but remember to unlock every 20 days to receive your fresh new mintcoins

https://www.youtube.com/watch?v=9jglmkwlpyM&feature=youtube_gdata

Does Mint-QT wallet support that you can specify another path for the wallet.dat?
It would be nice to place the wallet.dat on a encrypted drive/file container, to have two levels of encryption.

[TookDk]

Realistically guys, where do you see mint coin going?

I've been holding mint for a while, for some reason I just can't sell, it feels wrong as for some reason I have massive faith in this coin! So I will continue to hold, tip and buy more.

Just wanting to ask any mint experts out there where you see this going, what can mint be worth and what's the likely hood? Be interested to hear from the more mint educated people of the community!

I am not an expert, I have been trading alt for about 1/2 year.
Nevertheless here is my analysis:

I have studied the PoS coins closely the last week, and I see a tendency to shift towards the PoS coins, I think this has something to do with most coin holders have a background in mining, and lately the margin for mining is so low that is almost impossible to make a profit on mining + powerful scrypt ASIC miners is about to hit the market. For that reason is PoS a natural choice.
Therefor I would expect and increased demand for all PoS coins the next 1-6 month.

 

[Kergekoin]

Bitcoin is still like a few weeks old baby in global financial system. What this makes Mintcoin? Like a newborn, who started breathing just a minute ago...
Its kind of early to ask "where mint is going?", but short term plans you can read in Mintcoin forum.

[David Latapie]

Therefor I would expect and increased demand for all PoS coins the next 1-6 month.

And since the potential of increase for Blackcoin will soon be over (you can only go that high), a "smaller coin" like the original mintcoin would make sense. Especially one the Mintcoin Fund will be registered (I am waiting for the receipt from the French administration - I should get it around the end of the week).

[cyberhacker]

Therefor I would expect and increased demand for all PoS coins the next 1-6 month.

And since the potential of increase for Blackcoin will soon be over (you can only go that high), a "smaller coin" like the original mintcoin would make sense. Especially one the Mintcoin Fund will be registered (I am waiting for the receipt from the French administration - I should get it around the end of the week).

glad to hear that!  let us make mint a more useful coin than other coins.

[BitcoinFX]

Just got 'Full Stake' on the @FreeMintCoin Reserve Giveaway / Backup wallet - See: http://www.mintcointalk.com/index.php/topic,59.0.html



   

[TookDk]

Therefor I would expect and increased demand for all PoS coins the next 1-6 month.

And since the potential of increase for Blackcoin will soon be over (you can only go that high), a "smaller coin" like the original mintcoin would make sense. Especially one the Mintcoin Fund will be registered (I am waiting for the receipt from the French administration - I should get it around the end of the week).

I was actually thinking the same, but did not want to spread FUD (btw. I also have some BC in my portfolio).
But the if BC crashes hard (not saying it will), then will MINT to an obvious alternative to buy, and that could make the price go up.

[BitcoinFX]

Mintcoin - It's a bit like Robert Boyle's self-flowing flask !

Watch: https://www.youtube.com/watch?v=287qd4uI7-E

Uti possidetis - "as you PoSsess, thus may you PoSsess" or "may you continue to PoSsess such as you do PoSsess" + up to 20% extra free !  

[luuupooo]

Do you think POS Coins will overtake the market in the next weeks?

[niothor]

Do you think POS Coins will overtake the market in the next weeks?

Next weeks?  No way:). Let's deal in months at least if not years.

[roslinpl]

Do you think POS Coins will overtake the market in the next weeks?

Next weeks?  No way:). Let's deal in months at least if not years.

But I think PoS is very good idea for "altcoins" as some of them are traded only by few people, PoS is only way to keep blockchain safe. Isn't?

[ficklepickle]

Therefor I would expect and increased demand for all PoS coins the next 1-6 month.

And since the potential of increase for Blackcoin will soon be over (you can only go that high), a "smaller coin" like the original mintcoin would make sense. Especially one the Mintcoin Fund will be registered (I am waiting for the receipt from the French administration - I should get it around the end of the week).

Posting official documentation on the mintcoin.cc page as well as photos of the devs would make it look more professional imho. 

[mine4cash]

Dear Community,need your help..

My name is Max,I live in Republic of Moldova.I'm 24 years old.A couple of months ago I've started to be interested in mining.I have made a farm with 3 video cards(SAPPHIRE  R9 270X 2GB GDDR5) about 1.4 MH/s.Well,everything went well since a couple a days ago..My little brother(aged 20) was involved in kinda drugdealer(he was selling drugs).I know this is sh**ty kind of "business" i have told him a f*ckin thousand times that it is very dangerous and slicky thing.Well this happened,he was caught by cops,little dumbass,in his bag they found amphetamines,couple of extasy and marijuana.And by now he sits in jail until the criminal investigation is running.I sold my farm,my car in order to earn some money to pull him out there(as the majority of you should know that in this corrupted countries all of the cops,lawyers and prosecutors can be bought but with a lot of money).Our mother(dad has left us long time ago) is depressed,she don't know what to do and so on.Well we earned as many money as we could by selling everything that has some value.I am beggin' the community to help me in this kind of situation to help my little stupid brother,in order to donate some satoshi's as much as you can....

I understand it sounds like a fake or something but believe me it's not...It all depends on you if you believe or not..I don't know what else to do just try to request the community to donate as much as you can...Thank you for your attention and I hope that together we can help each other...

My bitcoin wallet : 19QSLfMQtUDto1kxNyKdKxpVumxwGYfPDC

Thank you one more time !!!

P.S. sory for my English.

[Chris180Z]

Dear Community,need your help..

My name is Max,I live in Republic of Moldova.I'm 24 years old.A couple of months ago I've started to be interested in mining.I have made a farm with 3 video cards(SAPPHIRE  R9 270X 2GB GDDR5) about 1.4 MH/s.Well,everything went well since a couple a days ago..My little brother(aged 20) was involved in kinda drugdealer(he was selling drugs).I know this is sh**ty kind of "business" i have told him a f*ckin thousand times that it is very dangerous and slicky thing.Well this happened,he was caught by cops,little dumbass,in his bag they found amphetamines,couple of extasy and marijuana.And by now he sits in jail until the criminal investigation is running.I sold my farm,my car in order to earn some money to pull him out there(as the majority of you should know that in this corrupted countries all of the cops,lawyers and prosecutors can be bought but with a lot of money).Our mother(dad has left us long time ago) is depressed,she don't know what to do and so on.Well we earned as many money as we could by selling everything that has some value.I am beggin' the community to help me in this kind of situation to help my little stupid brother,in order to donate some satoshi's as much as you can....

I understand it sounds like a fake or something but believe me it's not...It all depends on you if you believe or not..I don't know what else to do just try to request the community to donate as much as you can...Thank you for your attention and I hope that together we can help each other...

My bitcoin wallet : 19QSLfMQtUDto1kxNyKdKxpVumxwGYfPDC

Thank you one more time !!!

P.S. sory for my English.

Sorry but without proof we could never believe you. There are LOTS of scammers on here, all with a similar story, ultimately asking for money. I am sorry to hear about what happened to your brother, but he committed a criminal offence, knowing it was illegal and it sounds to me like you are asking us to donate money to you so you can pay the judges and cops off, which is asking us to support corruption, which is also illegal. My best advice would be for you and your brother to stop breaking the law. If you get caught trying to bribe a judge or police officer and the judge/officer is 'clean' (doesn't take bribes) then you could also end up going to jail.

[dille71]

Mintcoin looks surprisingly good!
Top 10% in market cap, top 10% in trading volume and #33 of 221 in 24h change @coinmarketcap.
Very stable and sound in these hyped times