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Kergekoin
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February 20, 2014, 01:03:59 PM |
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OK, guys and girls. Lets calculate how many coins will be mined until PoW reward goes to 1. Reward change target is one week. This is 2880 x 7 = 20160 First week. 500 000 x 20160 = 10.08B second week 10.08/2 = 5.04B 3rd 2,52B. Actually its less than 2.52B from here, because PoS blocks start to appear in block chain from day 20. 4th less than 1,26B 5th less than 0.63B OK. Lets compound. 10.08 + 5.04 + <2.52 + <1.26 + <0.63 = Less than 19,53B. Probably only around 18B is close to quess. This is only 70B/18B * 100 = 25.7% of total coins. This means that almost 3/4 of total coins will be generated through PoS blocks. Lets quess the estimates of PoS now. Assuming that 18B will be generated through PoW. the PoS interests will be as follows: 18B *20% = 3.6B. Total coins of 21.6B after year 1. 21.6B *15% = 3.24B. Total coins of 24.84 after year 2. 24.84B*10% = 2.48B. Total coins of 27.32B after year 3. OK. You see where this is going. This coin will not reach 70B coins any time soon. If this coin gains popularity and gets some demand, then price of 200 + satoshis is very probable. Please keep in mind that simple math done above is just rought estimates and not exact numbers. Hopefully this post helped to generate point of view about this coin progress. In case you want to thank me.
MrXW1RKLDe8VMNwTwLwSiKuATN5M74EL85  |
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asdlolciterquit
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February 20, 2014, 01:32:01 PM |
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Hi!
i'm really interested in this coin. I hope i'm in time to start to mine. If i start tomorrow, how much coins i'll mine for day with 600kh/s? how much is the diff? with my hashrate can i mine in solo?
Thanks averyone!
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lumeire
Legendary
 Offline
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
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February 20, 2014, 01:35:00 PM |
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Hi!
i'm really interested in this coin. I hope i'm in time to start to mine. If i start tomorrow, how much coins i'll mine for day with 600kh/s? how much is the diff? with my hashrate can i mine in solo?
Thanks averyone!
Start now, rewards are due to half by tomorrow I think? Difficulty at 20+. |
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Linkeex
Member
Offline
Activity: 74
Merit: 10
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February 20, 2014, 02:21:34 PM |
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We are in third place at 24h Change at coinmarketcap.com http://imgur.com/GNsQGGPSpread the word about this to increase this percentage! |
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JTB800
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February 20, 2014, 02:23:42 PM |
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Be careful out there! MT Gox BTC is down to $134
That doesn't mean MINT is going down, but until Gox gets its act together, it could be tough sledding for a little while for all coins.
No predictions -- just a heads up for those that didn't see it.
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Ferris419
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February 20, 2014, 02:38:56 PM |
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Be careful out there! MT Gox BTC is down to $134
That doesn't mean MINT is going down, but until Gox gets its act together, it could be tough sledding for a little while for all coins.
No predictions -- just a heads up for those that didn't see it.
Yea GOX needs to get their shit together they bringing everything down with them |
Bitcoin is gonna hit 100K usd
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thejepper
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February 20, 2014, 02:39:59 PM |
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Be careful out there! MT Gox BTC is down to $134
That doesn't mean MINT is going down, but until Gox gets its act together, it could be tough sledding for a little while for all coins.
No predictions -- just a heads up for those that didn't see it.
that is just gox |
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majorminers
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February 20, 2014, 02:42:04 PM |
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Hi!
i'm really interested in this coin. I hope i'm in time to start to mine. If i start tomorrow, how much coins i'll mine for day with 600kh/s? how much is the diff? with my hashrate can i mine in solo?
Thanks averyone!
Difficulty is around 28, so join a pool instead: http://mint.majorminers.com/There's still PLENTY of time to mine Mintcoin. The future is very bright and mining will continue for some time - and be profitable. |
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asdlolciterquit
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February 20, 2014, 03:06:37 PM |
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Hi!
i'm really interested in this coin. I hope i'm in time to start to mine. If i start tomorrow, how much coins i'll mine for day with 600kh/s? how much is the diff? with my hashrate can i mine in solo?
Thanks averyone!
Start now, rewards are due to half by tomorrow I think? Difficulty at 20+. thanks everyone for the reply! sadly i can't start now because i'm not at home :v Just a question about PoS. If, for example, i have 1000coins and we are in the first year (20% interests), this means that after 365 days i'm going to have 1000*1,2coins=1200? I don't have understand on which coins the interests are calculated. Like i've red on the F.A.Q, PoS blocks will be generated after you hold some coins in your wallet for certain period of time: so, after 20days, i start to gain interests. So, maybe, after 30 days i'll have 1030 coins. The 20% interests will be calculated after 30 days on 1030 coins, or on the initials 1000? Thanks! I'm sorry for my english, if you can't understand what i write let me know  |
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Jeezy911
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February 20, 2014, 03:10:45 PM |
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You know the best thing about mintcoin is its really hard to dump mined coins when you cant mine  |
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thejepper
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February 20, 2014, 03:16:32 PM |
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You know the best thing about mintcoin is its really hard to dump mined coins when you cant mine hahah, plus people are more incited to keep coins due to compounding interest |
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dille71
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February 20, 2014, 03:24:17 PM |
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Hi!
i'm really interested in this coin. I hope i'm in time to start to mine. If i start tomorrow, how much coins i'll mine for day with 600kh/s? how much is the diff? with my hashrate can i mine in solo?
Thanks averyone!
Start now, rewards are due to half by tomorrow I think? Difficulty at 20+. thanks everyone for the reply! sadly i can't start now because i'm not at home :v Just a question about PoS. If, for example, i have 1000coins and we are in the first year (20% interests), this means that after 365 days i'm going to have 1000*1,2coins=1200? I don't have understand on which coins the interests are calculated. Like i've red on the F.A.Q, PoS blocks will be generated after you hold some coins in your wallet for certain period of time: so, after 20days, i start to gain interests. So, maybe, after 30 days i'll have 1030 coins. The 20% interests will be calculated after 30 days on 1030 coins, or on the initials 1000? Thanks! I'm sorry for my english, if you can't understand what i write let me know interests are calculated on all coins held for at least 20 days |
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paspi
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February 20, 2014, 03:45:40 PM |
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Like i've red on the F.A.Q, PoS blocks will be generated after you hold some coins in your wallet for certain period of time: so, after 20days, i start to gain interests. So, maybe, after 30 days i'll have 1030 coins.
The 20% interests will be calculated after 30 days on 1030 coins, or on the initials 1000?
I think the 20 days maturity time plays the role there. If I'm interpreting it correctly, the first generated coin from initial 1000 coins will enter your wallet on the 21th day. After that single coin spends 20 more days in your wallet, it'll start generating coins on 41th day.  |
MINT: MdPQhsGufjm5AXYkHebbnF2A155xDqVfK7
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publicjud
Legendary
Offline
Activity: 1120
Merit: 1003
twet.ch/inv/62d7ae96
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February 20, 2014, 03:46:46 PM |
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You know the best thing about mintcoin is its really hard to dump mined coins when you cant mine Soon! Mining will be done soon! |
Join Twetch twet.ch/inv/62d7ae96 |
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majorminers
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February 20, 2014, 03:51:57 PM |
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NOW is the time to Mine MINT http://mint.majorminers.com/Don't delay. Don't put it off because you're working on some new, shiny coin farm. Mine MINT while you still have a chance. |
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jany8293
Newbie
Offline
Activity: 56
Merit: 0
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February 20, 2014, 03:52:36 PM |
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Crap what do I mine Flappy or mint? they are both awesome.
Definitely MintCoin! NO DOUBT! |
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publicjud
Legendary
Offline
Activity: 1120
Merit: 1003
twet.ch/inv/62d7ae96
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February 20, 2014, 03:53:14 PM |
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We need a Q/A on the PoS concept. Maybe with diagrams?
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Join Twetch twet.ch/inv/62d7ae96 |
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jany8293
Newbie
Offline
Activity: 56
Merit: 0
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February 20, 2014, 04:02:35 PM |
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OK, guys and girls. Lets calculate how many coins will be mined until PoW reward goes to 1. Reward change target is one week. This is 2880 x 7 = 20160 First week. 500 000 x 20160 = 10.08B second week 10.08/2 = 5.04B 3rd 2,52B. Actually its less than 2.52B from here, because PoS blocks start to appear in block chain from day 20. 4th less than 1,26B 5th less than 0.63B OK. Lets compound. 10.08 + 5.04 + <2.52 + <1.26 + <0.63 = Less than 19,53B. Probably only around 18B is close to quess. This is only 70B/18B * 100 = 25.7% of total coins. This means that almost 3/4 of total coins will be generated through PoS blocks. Lets quess the estimates of PoS now. Assuming that 18B will be generated through PoW. the PoS interests will be as follows: 18B *20% = 3.6B. Total coins of 21.6B after year 1. 21.6B *15% = 3.24B. Total coins of 24.84 after year 2. 24.84B*10% = 2.48B. Total coins of 27.32B after year 3. OK. You see where this is going. This coin will not reach 70B coins any time soon. If this coin gains popularity and gets some demand, then price of 200 + satoshis is very probable. Please keep in mind that simple math done above is just rought estimates and not exact numbers. Hopefully this post helped to generate point of view about this coin progress. In case you want to thank me.
MrXW1RKLDe8VMNwTwLwSiKuATN5M74EL85 Great Work! |
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