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

[Jherek]

I wonder who actually thought, that lowering the reward to 1 coin per block was a good idea. It'd need 100,000 satoshi now to be profitable.
http://www.coinwarz.com/calculators/mintcoin-mining-calculator/?h=1000.00&p=500.00&pc=0.10&pf=0.00&d=8.41065891&r=1.00000000&er=0.00100000&btcer=645.60000000&hc=0.00

[StuartGT]

I wonder who actually thought, that lowering the reward to 1 coin per block was a good idea. It'd need 100,000 satoshi now to be profitable.
http://www.coinwarz.com/calculators/mintcoin-mining-calculator/?h=1000.00&p=500.00&pc=0.10&pf=0.00&d=8.41065891&r=1.00000000&er=0.00100000&btcer=645.60000000&hc=0.00

Because the initial 5 week mining was Mint's distribution model; it's designed as a Proof of Stake where new coins are awarded as interest on your existing holdings

[Jherek]

I wonder who actually thought, that lowering the reward to 1 coin per block was a good idea. It'd need 100,000 satoshi now to be profitable.
http://www.coinwarz.com/calculators/mintcoin-mining-calculator/?h=1000.00&p=500.00&pc=0.10&pf=0.00&d=8.41065891&r=1.00000000&er=0.00100000&btcer=645.60000000&hc=0.00

Because the initial 5 week mining was Mint's distribution model; now it switches to Proof of State where new coins are awarded as interest on your existing holdings

At the moment rate it is several full dollars off from roi when mining it.
Who starts mining now will only lose money who mined earlier just got a huge advantage if the price goes near anything profitable again. In that case I'd have made 1000 usd profit in a week.

[navarthelol]

I wonder who actually thought, that lowering the reward to 1 coin per block was a good idea. It'd need 100,000 satoshi now to be profitable.
http://www.coinwarz.com/calculators/mintcoin-mining-calculator/?h=1000.00&p=500.00&pc=0.10&pf=0.00&d=8.41065891&r=1.00000000&er=0.00100000&btcer=645.60000000&hc=0.00

This is wrong. Mint has now become fully PoS so you get coins whilst mining other coins. Its actually quite fun/profitable.

[wasamata]

I wonder who actually thought, that lowering the reward to 1 coin per block was a good idea. It'd need 100,000 satoshi now to be profitable.
http://www.coinwarz.com/calculators/mintcoin-mining-calculator/?h=1000.00&p=500.00&pc=0.10&pf=0.00&d=8.41065891&r=1.00000000&er=0.00100000&btcer=645.60000000&hc=0.00

Because the initial 5 week mining was Mint's distribution model; now it switches to Proof of State where new coins are awarded as interest on your existing holdings

At the moment rate it is several full dollars off from roi when mining it.
Who starts mining now will only lose money who mined earlier just got a huge advantage if the price goes near anything profitable again. In that case I'd have made 1000 usd profit in a week.

Because the coin is not designed to be raped and dumped by ASICs and multipools. It's designed to be distributed and invested.

[DrFingol]

But the freaking block reward wasnt supposed to change until in a couple of days.

Check the countdown on mintcoin.cc

[jonesT]

This Faucet has dried:

http://coinok.pw/faucet/mint/

Could some donators help, please?

[garicson]

This Faucet has dried:

http://coinok.pw/faucet/mint/

Could some donators help, please?

done

[koprobo]

block reward halved?

[jonesT]

This Faucet has dried:

http://coinok.pw/faucet/mint/

Could some donators help, please?

done

Thanks for help!!!

[Distortion1919]

whats up with the mintpal website ?

[dspair]

block reward halved?

Block reward is kill.

[navarthelol]

block reward halved?

Block reward is kill.

Such a totally unexpected event! pretty cool im happy it did

[unhooked]

I am concerned why Blackcoin tanked, would the same thing happen to MINT?

[braytz]

whats up with the mintpal website ?

server change.

[rbizz]

I am concerned why Blackcoin tanked, would the same thing happen to MINT?

I think people are still just beginning to understand PoS.  Just look at r/mintcoin.  No one knows how to work their wallet.  I think Blackcoin is going to spike once a bunch of people realize they missed the mint train, so I picked some up while their price is in the gutter. 

[Jherek]

BTW you might want to remove mint.hashrapid.com from the list, since the pool is not paying for days and has also strange block finds ("unknown" with 0 shares in the pool stats).

[Jherek]

I wonder who actually thought, that lowering the reward to 1 coin per block was a good idea. It'd need 100,000 satoshi now to be profitable.
http://www.coinwarz.com/calculators/mintcoin-mining-calculator/?h=1000.00&p=500.00&pc=0.10&pf=0.00&d=8.41065891&r=1.00000000&er=0.00100000&btcer=645.60000000&hc=0.00

This is wrong. Mint has now become fully PoS so you get coins whilst mining other coins. Its actually quite fun/profitable.

It is not nearly as profitable. Also, new miners look at coinwarz and decide what to mine, mint is at the very bottom there.

[DrFingol]

I am concerned why Blackcoin tanked, would the same thing happen to MINT?

BC tanked along with every other altcoin these last weeks. I think the AUR/MZC craze has contributed to the decline of a lot of alts, too. People are selling what they have to make money off of AUR etc at the moment, so a lot of capital is tied up in those alts. People have had their eye on Mint (and Black for that matter) for a while now, so it's in the forefront of the community's consciousness. That's a huge plus. Once people realize the potential in Mint and Black, which probably won't take long, we will see serious increases in price. Just wait for some capital to be freed from the coin-of-the-week.

[Jherek]

I wonder who actually thought, that lowering the reward to 1 coin per block was a good idea. It'd need 100,000 satoshi now to be profitable.
http://www.coinwarz.com/calculators/mintcoin-mining-calculator/?h=1000.00&p=500.00&pc=0.10&pf=0.00&d=8.41065891&r=1.00000000&er=0.00100000&btcer=645.60000000&hc=0.00

Because the initial 5 week mining was Mint's distribution model; now it switches to Proof of State where new coins are awarded as interest on your existing holdings

At the moment rate it is several full dollars off from roi when mining it.
Who starts mining now will only lose money who mined earlier just got a huge advantage if the price goes near anything profitable again. In that case I'd have made 1000 usd profit in a week.

Because the coin is not designed to be raped and dumped by ASICs and multipools. It's designed to be distributed and invested.

No miners - no network - no coins - dead.