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

[Kergekoin]

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.

[1714064892]

1714064892

[1714064892]

1714064892

[TookDk]

Price is pretty stable @17 for the last 18 hours - nice

[ning_aric]

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]

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

[jakema]

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

mining 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]

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]

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]

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]

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]

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]

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]

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".

[luuupooo]

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]

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]

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]

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.  

[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.

[nearmiss]

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.

[jakema]

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]

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.