LongAndShort (OP)
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February 15, 2014, 09:36:54 PM Last edit: October 30, 2017, 12:05:59 PM by LongAndShort |
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MinCoin.us Facebook | Twitter | YouTube Channel | Reddit |Google+ With great pleasure, we would like to Officially Announce An Update To The MinCoin Project.
*Mandatory Wallet Upgrade*
A Hard Fork will be activated at block 1452840 which we estimate to occur early morning on Thursday, September 28th.
We are excited to deliver this network upgrade which includes the following new features and introduces Mincoin v0.8.8.
Difficulty Adjustment by Dark Gravity Wave v3 Mined Mincoins Fully Mature at 300 Confirmations Significantly Reduced Transaction Fees More Space in Each Block For zero/low-fee Transactions Larger Orphan Transaction Memory Pool Reduced Mininum Input Size to 25 Micro-Mincoins Full Service IPv4, IPv6 and Tor Seeds Fully Functional Testnet New Checkpoint Alert System Restored 100% Overhaul of Mincoin Code -Upgrade To The Latest Version [v0.8.8.0] Of The MinCoin Wallet-Previous Versions Of The MinCoin Wallet Will No Longer Be Supported !! For those who have never heard about MinCoin, below are the specifications: Launched: April 03, 2013 Proof-Of-Work: Scrypt Supply: 10 Million Coins Speed: 1 minute Difficulty Adjustment: Dark Gravity Wave v3 Subsidy: 2 MNC/Block Reduction: None Premined: Zero Premine Transaction Confirmation: 6 Full Maturity For Mined Blocks: 300 Confirmations New MinCoin Website MinCoin is a derivative of the Litecoin code, and Litecoin really is just a clone of Bitcoin. What separates MinCoin from both of those is it takes the best of both and it combines them into one crypto-commodity/currency. Whether Bitcoin supporters want to believe it or not, Bitcoin is a commodity not a currency and as with commodities what really drives value is limited supply/creation. With MinCoin only having 10 millions total coins to ever be produced compared to 21 millions for Bitcoin, it is pretty easy to see which one is more rare. By late September 2017, 78.9% of all Bitcoins have already been distributed, but in Mincoin - our flat emission cycle leaves 61.8% of the total Mincoin still uncirculated. "To empower people with the ability to govern their finances by enabling them with a superior method of wealth storage, wealth transfer & a mobile payment solution currency not available within today's banking system & the outdated infrastructure it supports." - Mission Statement, MinCoin Dev Team Become a part of our growing community and start using Min Coin. Go to MinCoin.us and download our all-new wallet now. *Below is the original release thread/post details* I'm sure many of you have noticed that MinCoin has been having some issues with our Difficulty re-target causing a lot of instability in MNC network hashrate, Transaction Confirmation times and overall mining profitability compared to other coins. Today we have made a change to that Difficulty re-target in an effort to help create a more stable network hashrate and to also help stabilize the 1min block/confirm target. This should also help with mincoin mining profitability from a stability standpoint. However, this does require a mandatory update to the mincoin qt client and daemon for all miners and pool operators. We request that everyone upgrade prior to block 75000 as that is the target block for the new Difficulty re-target of 60blocks to take effect. Thanks again for your continued support. I think this change will help benefit everyone involved with this project. Announcing MinCoin! If you weren't an early adopter for BitCoin or LiteCoin here is your chance to become one for the fastest coin out there! https://github.com/SandyCohen/mincoin **Latest github: https://github.com/vipah/mincoin Windows 32bit binary: https://dl.dropbox.com/u/36733610/mincoin/mincoin.zip MinCoin (MNC) - a minimalist version of Bitcoin optimized for CPU mining using scrypt as a proof of work scheme. *Only 10 million coins total will be generated *1 minute block targets for ultra fast transactions *To encourage early adoption block values for first 3 days are :- 500 MNC, 100 MNC, 50 MNC *After first 3 days block value will be 2 MNC per block until all coins mined which will take roughly 10 years *Difficulty Retarget Every 60 Blocks Mining started at 12:21 UTC April 3, 2013 and was announced on IRC and the WWW not long after. There is no premine! Getting Started: Solo mining: Run mincoin.exe or compile the source from github. It should close down immediately after not finding a valid config file. -Go to %appdata%\mincoin directory and create a file called mincoin.conf . In this file add two lines rpcuser=user rpcpassword=pass Then save the file. Now run mincoin.exe again. Run CGMINER and point it to http://127.0.0.1:9335 with the username of "user" and password of "pass" If you use CGMINER set the flag "--expiry 1" option to make sure you avoid stales, ie cgminer --scrypt -o http://127.0.0.1:9335 -u user -p pass --expiry 1
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RapidBalls
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February 15, 2014, 11:39:11 PM |
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Do you guys want a RapidBalls site?
You will need to give 100% community support, and will set you up with Invest program.
best
RB
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[No Account Required / Provably Fair / 4 Games / Bet and Go / Free Daily BitCoins] http://rapidballs.eu
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Subjeosu
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February 16, 2014, 12:48:25 AM |
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 What a fantastic re-launch, you guys did a great job! 
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roslinpl
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February 16, 2014, 01:10:52 AM |
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Good luck and keep developing!  your project need it!
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SuperTramp
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February 16, 2014, 02:09:50 AM |
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PyroClasTix
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February 16, 2014, 02:46:59 AM |
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Wooow! I've been mining MNC on and off...I thought development stopped...  This gives me a reason to mine MinCoin more again! yaaay!
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stas
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February 16, 2014, 11:20:55 AM |
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current block is 330673 
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headzoo
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February 16, 2014, 06:30:19 PM |
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current block is 330673  MinCoin was born in April 2013. It's been around for a while, and is currently trading at $0.60.
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mincointeam
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February 16, 2014, 09:15:55 PM |
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I've been looking forward to this  Excellent job on this update guys!!! Most impressive crypto wallet to date!
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Duetschpire
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February 17, 2014, 01:51:30 AM |
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Congratulation guys. I've seen how hard you've been working on this and I'm totally impressed. You've given the coin another chance to prove that it's here to stay. Looking forward to people using it on cryptothrift.com.
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mincointeam
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February 17, 2014, 09:37:59 AM |
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Congratulation guys. I've seen how hard you've been working on this and I'm totally impressed. You've given the coin another chance to prove that it's here to stay. Looking forward to people using it on cryptothrift.com. Really cool that Mincoin is accepted on cryptothrift! I hear there are a few more merchants adding it soon! It's about time this coin starts to get some recognition. Excellent job guys!
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LongAndShort (OP)
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Activity: 1078
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February 17, 2014, 01:14:12 PM |
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Its Game on now...lots of exciting things coming in there near future. This is a great beginning, a solid foundation and something we should all be proud of. We have a ways to go but now its in the hands of the public and we will coerce them along until enough momentum has built that we just start building something really special with it. Props to you all and here is to Mincoins future 
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LongAndShort (OP)
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Activity: 1078
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February 18, 2014, 01:43:38 AM Last edit: February 18, 2014, 05:51:37 AM by LongAndShort |
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Mincoin rose over 1400% in volume cryptocoinsnews.com
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Scyntech
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“Blockchain Just Entered The Real World”
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February 18, 2014, 07:48:01 AM |
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Is the difficulty already to high to try solo mining?
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LongAndShort (OP)
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Activity: 1078
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February 18, 2014, 10:23:20 AM |
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Is the difficulty already to high to try solo mining?
You are advised to hash on a pool rather then solo mining Mincoin right now if you have under 15mh 
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podizzle
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February 19, 2014, 01:51:07 AM |
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very impressive this mincoin i might have to check it out!
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notyep
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February 19, 2014, 11:19:10 AM |
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Amazing Trading Volume 960btc !!  FRIGGIN AWESOME!!! 
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weenfan
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February 19, 2014, 07:53:16 PM |
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What's the block reward halving schedule?
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