Kergekoin
|
|
April 15, 2014, 08:10:23 AM |
|
Holy Sh*t, did you guys are watching the megadump/panic sell on BC right now? From 50000 to 26900 in minutes BC is being played by one or very few people. I did warn their forum community about this, but i was flagged as "hater" . Just look at Mintpal candles and follow the orders a little while. What happened is the following: Someone with million dollars to play with, gradually bought BC up. Most of the small players bought in from middle or on top, because they thought BC to rise some more. First megasell happened at 62K and this should have been red flag for enyone who is capable of thinking strategically. Because price spiked down extremely fast. Clear indicator of one seller, not just normal market behaviour. Whale let it settle and created new euforia. BC price went even higher than it was before. Price reached 89K. Whale dumped another huge amount. He let market to recover and buy orders to gradually pile up until at 64K he made 3rd big sell. And another at 54K and 42K. Now all small "investors" are panic selling and price will fall some more. Probably soon that whale is going to buy in again... Same thing can happen with any coin. Also with Mintcoin. So please be careful.
|
|
|
|
TookDk
Legendary
Offline
Activity: 1960
Merit: 1062
One coin to rule them all
|
|
April 15, 2014, 08:31:38 AM |
|
Price is pretty stable @17 for the last 18 hours - nice
|
Cryptography is one of the few things you can truly trust.
|
|
|
ning_aric
|
|
April 15, 2014, 08:34:27 AM |
|
You can point your miners to "stratum+tcp://mnt.coins4everyone.com:3445" and go have party -> we'll do the work for you ;-) You miner will retry automatically until it can connect to our stratum. As soon as the wallet is online, we'll compile it and run the stratum -> then your miner will connect successfully and mine many coins.
Just don't forget to create your account and worker on the pool before leaving and double check your miner's parameters (address, port, username, workername & password).
|
|
|
|
TookDk
Legendary
Offline
Activity: 1960
Merit: 1062
One coin to rule them all
|
|
April 15, 2014, 08:46:36 AM |
|
You can point your miners to "stratum+tcp://mnt.coins4everyone.com:3445" and go have party -> we'll do the work for you ;-) You miner will retry automatically until it can connect to our stratum. As soon as the wallet is online, we'll compile it and run the stratum -> then your miner will connect successfully and mine many coins.
Just don't forget to create your account and worker on the pool before leaving and double check your miner's parameters (address, port, username, workername & password).
The page: mnt.coins4everyone.com do not seam to be online? http://www.downforeveryoneorjustme.com/mnt.coins4everyone.com
|
Cryptography is one of the few things you can truly trust.
|
|
|
jakema
Newbie
Offline
Activity: 51
Merit: 0
|
|
April 15, 2014, 08:54:49 AM |
|
You can point your miners to "stratum+tcp://mnt.coins4everyone.com:3445" and go have party -> we'll do the work for you ;-) You miner will retry automatically until it can connect to our stratum. As soon as the wallet is online, we'll compile it and run the stratum -> then your miner will connect successfully and mine many coins.
Just don't forget to create your account and worker on the pool before leaving and double check your miner's parameters (address, port, username, workername & password).
The page: mnt.coins4everyone.com do not seam to be online? http://www.downforeveryoneorjustme.com/mnt.coins4everyone.commining mintcoin is over, it was only for the first 5 weeks if you still want to mine use the multipool at hashcows and it will mine the most profitable coin and sell it automatically for mint
|
|
|
|
Jeezy911
|
|
April 15, 2014, 09:31:36 AM |
|
Im curious to know why the multipool has not had much impact on price and can only come to 1 conclusion. The POS interest rate seems to actually be holding this coin back for now. If I were to guess I think a lot of people just sell thier interest.
|
|
|
|
dragonseer
|
|
April 15, 2014, 10:19:26 AM |
|
Im curious to know why the multipool has not had much impact on price and can only come to 1 conclusion. The POS interest rate seems to actually be holding this coin back for now. If I were to guess I think a lot of people just sell thier interest.
That's like saying what is holding back Bitcoin is miners selling what they mine. There's more to it than that. Also Mint has seen a rise lately, it was at 14 sat not long ago, now it's 18, and it will be above 20 before too much longer
|
|
|
|
luuupooo
Member
Offline
Activity: 90
Merit: 10
|
|
April 15, 2014, 10:25:28 AM |
|
Im curious to know why the multipool has not had much impact on price and can only come to 1 conclusion. The POS interest rate seems to actually be holding this coin back for now. If I were to guess I think a lot of people just sell thier interest.
But if we make little a calculation: 18756335526 Mintcoins now if we have 20% for the first year it is about 1,66 % per month that means 1,66% from 18756335526 is = 311355169 ( per month ) 311355169 divided per 30 days is = 10378505 coins per day with the current price (16) it is a sell presure of = 1.66 BTC ( 24 h sell presure) I know its going to change more over the months but its really not that much, isn it? And that is just happening if everybody is selling their minted coins. cheers
|
|
|
|
ciocgun
|
|
April 15, 2014, 10:32:43 AM |
|
20 days passed from my last minting
my wallet is 1.8, it is unlocked, and synchro..nothing happened...
@mintcointeam is it possible to check my wallet address?
|
|
|
|
lecristoph
Newbie
Offline
Activity: 59
Merit: 0
|
|
April 15, 2014, 10:41:18 AM |
|
I'm sure this has been answered by someone in the thread already, but I cannot find the answer to this question:
The total amount of MINT will be 70 Billion coins. The staking process is as following: - PoS variable interests: - 1st year: 20% - 2nd year: 15% - 3rd year: 10% - 4th and subsequent years: 5%
What puzzles me is what happens after the 4th year? Will the minting process ever stop or will the ammount of coins exceed 70 Billion due to minting, making the amount of coins infinite?
|
|
|
|
dille71
|
|
April 15, 2014, 11:00:37 AM |
|
Im curious to know why the multipool has not had much impact on price and can only come to 1 conclusion. The POS interest rate seems to actually be holding this coin back for now. If I were to guess I think a lot of people just sell thier interest.
But if we make little a calculation: 18756335526 Mintcoins now if we have 20% for the first year it is about 1,66 % per month that means 1,66% from 18756335526 is = 311355169 ( per month ) 311355169 divided per 30 days is = 10378505 coins per day with the current price (16) it is a sell presure of = 1.66 BTC ( 24 h sell presure) I know its going to change more over the months but its really not that much, isn it? And that is just happening if everybody is selling their minted coins. cheers True if everybody hold all their coins in their wallets all the time. But since alot of coins are being moved maybe 50-70% actually mints. So maybe 1btc sell pressure every 24hr
|
|
|
|
TookDk
Legendary
Offline
Activity: 1960
Merit: 1062
One coin to rule them all
|
|
April 15, 2014, 11:06:09 AM |
|
20 days passed from my last minting
my wallet is 1.8, it is unlocked, and synchro..nothing happened...
@mintcointeam is it possible to check my wallet address?
It would be a very nice feature to add to mint-qt, if there where a small icon in the bottom right showing when the wallet is "minting".
|
Cryptography is one of the few things you can truly trust.
|
|
|
luuupooo
Member
Offline
Activity: 90
Merit: 10
|
|
April 15, 2014, 11:51:52 AM |
|
20 days passed from my last minting
my wallet is 1.8, it is unlocked, and synchro..nothing happened...
@mintcointeam is it possible to check my wallet address?
It would be a very nice feature to add to mint-qt, if there where a small icon in the bottom right showing when the wallet is "minting". thats true!
|
|
|
|
drent301
|
|
April 15, 2014, 11:56:43 AM |
|
And behold the true power of mintcoin. All those fast price expanding coins without a good foundation are dropping like dead flies. And in all the panic, mincoin goes steady
|
|
|
|
jakema
Newbie
Offline
Activity: 51
Merit: 0
|
|
April 15, 2014, 11:59:27 AM |
|
I'm sure this has been answered by someone in the thread already, but I cannot find the answer to this question:
The total amount of MINT will be 70 Billion coins. The staking process is as following: - PoS variable interests: - 1st year: 20% - 2nd year: 15% - 3rd year: 10% - 4th and subsequent years: 5%
What puzzles me is what happens after the 4th year? Will the minting process ever stop or will the ammount of coins exceed 70 Billion due to minting, making the amount of coins infinite?
once we hit 5% it will stay 5% until we hit 70bil coins and then all pos will stop as the coin is capped at 70bill unlike BC witch has no coin cap and poses at 1% but enough bout BC that coin suckssss does any one have a rough estimate of when we will hit 70bill coins? how many years or months of 5% pos will there be?
|
|
|
|
TookDk
Legendary
Offline
Activity: 1960
Merit: 1062
One coin to rule them all
|
|
April 15, 2014, 12:00:05 PM |
|
And behold the true power of mintcoin. All those fast price expanding coins without a good foundation are dropping like dead flies. And in all the panic, mincoin goes steady As a cleaver member tolled me yesterday, as long as the MINT price is stable is it good for everyone. - It will be comfortable for new investors to come in. - Low risk for merchants. - Mint holders can harvest a profit by minting.
|
Cryptography is one of the few things you can truly trust.
|
|
|
TookDk
Legendary
Offline
Activity: 1960
Merit: 1062
One coin to rule them all
|
|
April 15, 2014, 12:12:23 PM Last edit: April 15, 2014, 12:28:11 PM by TookDk |
|
does any one have a rough estimate of when we will hit 70bill coins? how many years or months of 5% pos will there be?
I tried put the numbers into excel. Start = 18b 1 year + 20% 2 year + 15% 3 year + 10 4 year + 5% 5 year + 5% ... With these numbers do we hit 70b around 2036 Please correct me if I am wrong.
|
Cryptography is one of the few things you can truly trust.
|
|
|
nearmiss
|
|
April 15, 2014, 12:24:55 PM |
|
Im curious to know why the multipool has not had much impact on price and can only come to 1 conclusion. The POS interest rate seems to actually be holding this coin back for now. If I were to guess I think a lot of people just sell thier interest.
tbh, there isn't a large amount of activity on the multipool either. There is about 50 active miners for a combined ~75Mh/s or so, compared to 'that other coin''s multipool that has 1500+ miners and 6+Gh/s last I heard. If you want an impact, supporters have to mine. I even tried giving away a few million mint to help it along, didn't really work.
|
Profit-Switching Pool w/ Vardiff -> http://hashco.ws Optionally keep the alts we mine or auto-trade for BTC. In addition can be paid out in any of: 365, AC, BC, BTC, C2, CINNI, COMM, FAC, HBN, MINT, PMC, QRK, RDD, WC, XBC
|
|
|
jakema
Newbie
Offline
Activity: 51
Merit: 0
|
|
April 15, 2014, 01:01:48 PM |
|
check out how mintcoin is doing. WE ARE 10TH yay hopefully start moving up the list soon, our community has grown in the past week! http://www.coingecko.com/
|
|
|
|
dogechode
|
|
April 15, 2014, 01:11:24 PM |
|
nermiss hit the nail on the head. It's kind of circular because I think a lot of people tried it out but then they crunched the numbers and realized the amount of mint they were making in a day wasn't all that great given the current low price per mint on exchanges. No one is thinking super long term here, I would say easily 90% or more of people on this forum are expecting to make some massive profit in a matter of months.
|
|
|
|
|