TookDk
Legendary
 Offline
Activity: 1960
Merit: 1062
One coin to rule them all
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April 16, 2014, 07:06:43 AM |
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It would be pretty nice if we solve the issue with the block explore http://mint.blockx.info/get/chain/MintCoinLast block there is more than 8 hours old and there is zero nodes. This needs to be addressed asap. |
Cryptography is one of the few things you can truly trust.
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vetalysd
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April 16, 2014, 07:15:43 AM |
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VOTE FOR MINTCOIN please donate for dev.
BTC: 13MVMftimCmpQEsryo47pTs97ubmwkT31Y
LTC: Lh9ChfS1X3YWXmapr66nQjj3qZmys3qkNw
DOGE: DJMxzVrURhmsWFZHCjK5kDVHEqP5FcfGvy |
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laris2
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April 16, 2014, 08:16:31 AM |
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TEST
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drakandar
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April 16, 2014, 09:54:16 AM |
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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.
Starting at Block 100806 starting coins were 18,610,787,329.137546 that was March 9th, 2014 (about 37 days ago now) We are now at 18,836,728,001.351253 coins outstanding; divide the difference by 37 days and you get about $6.2MM coins per day avg being added to the money supply. this comes out to approximately ~12% Seriously? Wow! I didn't think of this to be honest. I was just trying to get as much mint as possible haha. So there's only 27% of the max amount of mint currently 'available'? I thought everything was mined and that we were minting on top of the 70b. That makes the stack of mint I have much more valuable all of a sudden  +1 these graphs should be on the frontpage! |
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5flags
Full Member
Offline
Activity: 224
Merit: 100
Professional anarchist
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April 16, 2014, 10:25:39 AM |
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Is there anyone in the MintCoin dev community looking at a MintCoin port of BitcoinJ? Or some other client only library?
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dille71
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April 16, 2014, 10:37:29 AM |
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Is there anyone in the MintCoin dev community looking at a MintCoin port of BitcoinJ? Or some other client only library?
Look at page 680 |
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CarlosWing
Member
Offline
Activity: 98
Merit: 10
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April 16, 2014, 10:39:49 AM |
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MINT is too PPL~
But why does't more people like to buy it?
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dille71
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April 16, 2014, 10:49:58 AM |
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MINT is too PPL~
But why does't more people like to buy it?
Mint is very young. Only pump n dump/hyped coins are bought in huge quantities when this young. Mint is for long term and slowly gaining value as infrastructure is built |
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TookDk
Legendary
Offline
Activity: 1960
Merit: 1062
One coin to rule them all
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April 16, 2014, 11:35:02 AM |
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Am I the only one who really-really misses a block explore that works?
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Cryptography is one of the few things you can truly trust.
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roslinpl
Legendary
Offline
Activity: 2212
Merit: 1199
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April 16, 2014, 01:06:34 PM |
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MINT is too PPL~
But why does't more people like to buy it?
This coin need a lot of time to get more popular. perhaps one day it will have more attention from members, but ... time is what MINT need. |
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dogechode
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April 16, 2014, 01:12:22 PM |
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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?
Is this true? I know it was later posted that someone estimates we will hit 70bil coins around 2036, however the bigger issues is - what happens when minting stops altogether? What is going to secure the network? Will people who leave their wallet open and unlocked receive shares of whatever transaction fees are paid, and their wallets will be securing the transactions? |
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niothor
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April 16, 2014, 01:20:45 PM |
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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?
Is this true? I know it was later posted that someone estimates we will hit 70bil coins around 2036, however the bigger issues is - what happens when minting stops altogether? What is going to secure the network? Will people who leave their wallet open and unlocked receive shares of whatever transaction fees are paid, and their wallets will be securing the transactions? Well , I guess we can worry for other things till then |
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jakema
Newbie
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Activity: 51
Merit: 0
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April 16, 2014, 01:49:24 PM
Last edit: April 16, 2014, 02:25:34 PM by jakema |
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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?
Is this true? I know it was later posted that someone estimates we will hit 70bil coins around 2036, however the bigger issues is - what happens when minting stops altogether? What is going to secure the network? Will people who leave their wallet open and unlocked receive shares of whatever transaction fees are paid, and their wallets will be securing the transactions? its fine it will completely stop inflation and cause the price to jump up as the coins will be considered more rare, we have over 30 something years be for that happens and there's plenty of time for massive growth in the community. we have much bigger issues with crypto right now like security and the governments of this planet, they are starting to get scared of crypto over running there currency's so we dont even know if it will be here in 20 years. my guess is that it will be as its better cheaper and faster than old paper money, i like to think of it as the evolution of money. so sit back and enjoy the mintcoin ride where here to stay!. |
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mgburks77
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April 16, 2014, 01:51:51 PM |
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Proving your stake is what secures the network. Not the work of minting. For now there is a time limit (coin age)associated with creating this proof, but after minting is over coin age will irrelevant as far as this factor is concerned. People will just have to connect to the network to prove their stake, ie open their wallet, thus securing the network.
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weltmeister
Newbie
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Activity: 7
Merit: 0
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April 16, 2014, 02:08:28 PM |
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I have the wallet for one month, when will I start getting the interest mates? Plus I agree that some people sell the mintcoins they mine very cheap, they should be slower.
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dogechode
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April 16, 2014, 02:15:20 PM |
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I have the wallet for one month, when will I start getting the interest mates? Plus I agree that some people sell the mintcoins they mine very cheap, they should be slower.
Have you been keeping it open, and more importantly unlocked? I typically get minted coins when my coin age reaches around 23-25 days old for a given "chunk" of coins. But if your wallet is not unlocked, you won't get anything. |
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gonzoucab
Newbie
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Activity: 42
Merit: 0
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April 16, 2014, 02:17:49 PM |
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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?
Is this true? I know it was later posted that someone estimates we will hit 70bil coins around 2036, however the bigger issues is - what happens when minting stops altogether? What is going to secure the network? Will people who leave their wallet open and unlocked receive shares of whatever transaction fees are paid, and their wallets will be securing the transactions? Imagine BC that only pays 1% annually to secure the network... we an make it 1% on 2036 and that 1% is gonna be huugeee because of the future prices. Mint is more secure than BC, BC is low early reward POS, like DOGE is low early reward POW. Fails.. |
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weltmeister
Newbie
Offline
Activity: 7
Merit: 0
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April 16, 2014, 02:18:23 PM |
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I have the wallet for one month, when will I start getting the interest mates? Plus I agree that some people sell the mintcoins they mine very cheap, they should be slower.
Have you been keeping it open, and more importantly unlocked? I typically get minted coins when my coin age reaches around 23-25 days old for a given "chunk" of coins. But if your wallet is not unlocked, you won't get anything. It is unlocked but I open it occassionally. Even if I bought the mintcoins from the stock exchange and transferred them to my wallet, I would get an interest in an interval like every 20 days right? |
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dogechode
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April 16, 2014, 02:25:36 PM |
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It is unlocked but I open it occassionally. Even if I bought the mintcoins from the stock exchange and transferred them to my wallet, I would get an interest in an interval like every 20 days right?
I am not 100% sure what you mean. The "age" of the coins resets every time you move them. So like if you bought 10 days ago on an exchange, then transferred to your own wallet today, the age of the coins is now 0 not 10 days old. Also, it isn't exactly every 20 days. It cannot happen until they are at least 20 days old but there is no guarantee that it will happen immediately at the 20-day mark. Most of mine happen at 23-25 days or so as I said earlier. |
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