peter18vb6



Offline



Activity: 4

Merit: 0







NewbieActivity: 4Merit: 0 Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *15 Exchanges March 02, 2014, 07:52:56 AM #6384 Can someone explain to me what will happen when the pure PoS is going to happen? I understand the idea I'm wondering about the state of the coin.

With no mining the only way to start minting is by trading which imo would drastacly reduce the coin growth. On top of that everyone would save their coins, none spending which means it will be less likely to see people adding mint to their services. Or am I wrong?

bjmillican4



Offline



Activity: 70

Merit: 10







MemberActivity: 70Merit: 10 Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *15 Exchanges March 02, 2014, 08:02:28 AM #6387 Quote from: deadmanwalking on March 02, 2014, 07:45:10 AM Quote from: jpatel95 on March 02, 2014, 07:32:42 AM So any suggestions for the best profitable currency to mine with my 1.5 MHS rig? I really want to get more into mint but it's too hard to mine so I'm looking for something to mine to sell for mint.



Join a multi-pool.

Join a multi-pool. https://coinex.pw , or something like that.

Good idea, or you could just buy some if you have any btc. I try and mine coins that I can hold for a nice profit. If you don't have btc but have an exchange you like, then find another coin listed on the same exchange that is relatively stable and just mine that. It will be easier to exchange for Mint with less transaction fees.



I was also kinda serious in my earlier posts about mining crappy coins. Most of the coins that I declined because I thought they were stupid, have turned out to be relatively profitable in the short term. Prime examples-Doge and Cat. Need I say more.



One other thing. Don't listen to any advice from people in alt coin forums. They are all nuts. Except me of course. I'm only insane. Good idea, or you could just buy some if you have any btc. I try and mine coins that I can hold for a nice profit. If you don't have btc but have an exchange you like, then find another coin listed on the same exchange that is relatively stable and just mine that. It will be easier to exchange for Mint with less transaction fees.I was also kinda serious in my earlier posts about mining crappy coins. Most of the coins that I declined because I thought they were stupid, have turned out to be relatively profitable in the short term. Prime examples-Doge and Cat. Need I say more.One other thing. Don't listen to any advice from people in alt coin forums. They are all nuts. Except me of course. I'm only insane.

Collegestudent



Offline



Activity: 490

Merit: 500



The blockchain is the future







Hero MemberActivity: 490Merit: 500The blockchain is the future Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *15 Exchanges March 02, 2014, 08:05:20 AM #6388 Quote from: peter18vb6 on March 02, 2014, 07:59:10 AM Quote from: Collegestudent on March 02, 2014, 07:55:26 AM Quote from: peter18vb6 on March 02, 2014, 07:52:56 AM Can someone explain to me what will happen when the pure PoS is going to happen? I understand the idea I'm wondering about the state of the coin.

With no mining the only way to start minting is by trading which imo would drastacly reduce the coin growth. On top of that everyone would save their coins, none spending which means it will be less likely to see people adding mint to their services. Or am I wrong?



Look at bitcoin and that will answer your question.

Look at bitcoin and that will answer your question.

Bitcoin is a totally different story. It was the first coin that didnt need to compete with 1000's of shitcoins and is not a PoS coin so I dont see the answer there... A better comparison would be NXT...

Bitcoin is a totally different story. It was the first coin that didnt need to compete with 1000's of shitcoins and is not a PoS coin so I dont see the answer there... A better comparison would be NXT...

Yea in a way that is true but what I meant by comparing mintcoin to bitcoin is that everyone is hoarding bitcoins right now and Bitcoins are not even close to the transaction speed of Mintcoin. bitcoin doesnt pay interest either and does not have 'much' room to grow while Mintcoin pays interest and on top of that mintcoin is comparable to the current system of money (interest if you dont spend etc) which is why Mintcoin would be a more prefered choice either as an investment or just for the sake of easy transactions. Yes most people would save their Mintcoins but this will be good because it will increase its value as the higher value people will place on it to obtain it. Mintcoin needs a lot of media and advertising attention as how I see it, most of the giveaways do not introduce new people but give the same mintcoin user more coins. Yea in a way that is true but what I meant by comparing mintcoin to bitcoin is that everyone is hoarding bitcoins right now and Bitcoins are not even close to the transaction speed of Mintcoin. bitcoin doesnt pay interest either and does not have 'much' room to grow while Mintcoin pays interest and on top of that mintcoin is comparable to the current system of money (interest if you dont spend etc) which is why Mintcoin would be a more prefered choice either as an investment or just for the sake of easy transactions. Yes most people would save their Mintcoins but this will be good because it will increase its value as the higher value people will place on it to obtain it. Mintcoin needs a lot of media and advertising attention as how I see it, most of the giveaways do not introduce new people but give the same mintcoin user more coins.

deadmanwalking



Offline



Activity: 210

Merit: 100







Full MemberActivity: 210Merit: 100 Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *15 Exchanges March 02, 2014, 08:11:58 AM #6389 Quote from: peter18vb6 on March 02, 2014, 07:52:56 AM Can someone explain to me what will happen when the pure PoS is going to happen? I understand the idea I'm wondering about the state of the coin.

With no mining the only way to start minting is by trading which imo would drastacly reduce the coin growth. On top of that everyone would save their coins, none spending which means it will be less likely to see people adding mint to their services. Or am I wrong?



Only 28% of total coins will be produced in this initial stage. 50 Billion have yet to be produced through minting. I disagree with you that everyone will save their coins. We don't live in a world of "savers," in fact quite the opposite is true. New coins will enter the market constantly. These are just my opinions, we will have to wait and see what happens. Right now it's cheap to speculate, so I would suggest doing so..up to you though. Only 28% of total coins will be produced in this initial stage. 50 Billion have yet to be produced through minting. I disagree with you that everyone will save their coins. We don't live in a world of "savers," in fact quite the opposite is true. New coins will enter the market constantly. These are just my opinions, we will have to wait and see what happens. Right now it's cheap to speculate, so I would suggest doing so..up to you though. \

blueangel01



Offline



Activity: 406

Merit: 250



Hello! Send me a message.







Sr. MemberActivity: 406Merit: 250Hello! Send me a message. Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *15 Exchanges March 02, 2014, 08:25:33 AM #6390 Quote from: deadmanwalking on March 02, 2014, 08:11:58 AM Quote from: peter18vb6 on March 02, 2014, 07:52:56 AM Can someone explain to me what will happen when the pure PoS is going to happen? I understand the idea I'm wondering about the state of the coin.

With no mining the only way to start minting is by trading which imo would drastacly reduce the coin growth. On top of that everyone would save their coins, none spending which means it will be less likely to see people adding mint to their services. Or am I wrong?



Only 28% of total coins will be produced in this initial stage. 50 Billion have yet to be produced through minting. I disagree with you that everyone will save their coins. We don't live in a world of "savers," in fact quite the opposite is true. New coins will enter the market constantly. These are just my opinions, we will have to wait and see what happens. Right now it's cheap to speculate, so I would suggest doing so..up to you though.

Only 28% of total coins will be produced in this initial stage. 50 Billion have yet to be produced through minting. I disagree with you that everyone will save their coins. We don't live in a world of "savers," in fact quite the opposite is true. New coins will enter the market constantly. These are just my opinions, we will have to wait and see what happens. Right now it's cheap to speculate, so I would suggest doing so..up to you though.

So if no one could not wait for the 20 days minting, no additional coins will be created? So if no one could not wait for the 20 days minting, no additional coins will be created? Msg me if you want me to put anything here.

tokyopotato



Offline



Activity: 812

Merit: 1000







LegendaryActivity: 812Merit: 1000 Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *15 Exchanges March 02, 2014, 08:31:42 AM #6395 Quote from: peter18vb6 on March 02, 2014, 07:52:56 AM Can someone explain to me what will happen when the pure PoS is going to happen? I understand the idea I'm wondering about the state of the coin.

With no mining the only way to start minting is by trading which imo would drastacly reduce the coin growth. On top of that everyone would save their coins, none spending which means it will be less likely to see people adding mint to their services. Or am I wrong?



Yes you are wrong.



First of all, couldn't the same thing be said about NXT?



And yet people trade it and use it and perform "forging".



The problem with NXT was that it was not distributed through a mining process and on exchanges immediately, instead the original 73 investors who bought their coins before anyone else had a chance got to distribute it.



Mintcoin allowed anyone who wanted to mine it start mining, and then sell those coins on a exchange for very low prices. These ultra-low prices allowed a lot of people to get in early and put the coins in their wallet. Most of them have sold their coins at higher prices and now more people can mint.



I am pretty tired right now so I don't feel like explaining it all, but just imagine how you would build a network of people if you wanted to make a coin that would last.



Would you rely upon only miners? Or would you want coin-holders to be able to "mint" or mine coins without needing special hardware? This secures the network without requiring tons of electricity and miners that can create headaches through pool monopolization!



Mintcoin offers a really great distribution mechanism and a great interest generating process that will allow the coin to become well-distributed in a 4 year period, rather than distributed all at once, or distributed over such a long-time that only miners are really rewarded Yes you are wrong.First of all, couldn't the same thing be said about NXT?And yet people trade it and use it and perform "forging".The problem with NXT was that it was not distributed through a mining process and on exchanges immediately, instead the original 73 investors who bought their coins before anyone else had a chance got to distribute it.Mintcoin allowed anyone who wanted to mine it start mining, and then sell those coins on a exchange for very low prices. These ultra-low prices allowed a lot of people to get in early and put the coins in their wallet. Most of them have sold their coins at higher prices and now more people can mint.I am pretty tired right now so I don't feel like explaining it all, but just imagine how you would build a network of people if you wanted to make a coin that would last.Would you rely upon only miners? Or would you want coin-holders to be able to "mint" or mine coins without needing special hardware? This secures the network without requiring tons of electricity and miners that can create headaches through pool monopolization!Mintcoin offers a really great distribution mechanism and a great interest generating process that will allow the coin to become well-distributed in a 4 year period, rather than distributed all at once, or distributed over such a long-time that only miners are really rewarded

tokyopotato



Offline



Activity: 812

Merit: 1000







LegendaryActivity: 812Merit: 1000 Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *15 Exchanges March 02, 2014, 08:35:44 AM #6396 Quote from: philipvdlinde on March 02, 2014, 08:28:12 AM the trading value has died aswell. It came from 1,2 million dollars a day to a measly 80000 now.



Hmm...



I can tell you one thing, the moment you sell the price will go up...



But really. Volumes are not critical at the moment. Volumes will continue to go up as the coin gains mass adoption.



Low volumes are not always a bad thing, as lots of micro-transactions are indicative that many people are taking a stake in the coin.



Volumes are still very high... still the 6th highest on Cryptsy



Not just whales buying and selling.



The coin has definitely been through its' initial pump period. I highly doubt people will dump their coins at this price considering there is not much time to accumulate them anymore.



You seem like you are not sure and are not being patient enough to realize.



It might be best for you to liquidate your holdings and watch from the side-lines if you are nervous. Hmm...I can tell you one thing, the moment you sell the price will go up...But really. Volumes are not critical at the moment. Volumes will continue to go up as the coin gains mass adoption.Low volumes are not always a bad thing, as lots of micro-transactions are indicative that many people are taking a stake in the coin.Volumes are still very high... still the 6th highest on CryptsyNot just whales buying and selling.The coin has definitely been through its' initial pump period. I highly doubt people will dump their coins at this price considering there is not much time to accumulate them anymore.You seem like you are not sure and are not being patient enough to realize.It might be best for you to liquidate your holdings and watch from the side-lines if you are nervous.