FortuneSeeker



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MemberActivity: 107Merit: 10 Re: [ANN][MINT]Mintcoin V1.9.1, Energy Saving Coin *27 Exchanges *55 Merchants May 14, 2014, 10:05:05 AM #14544 Quote from: Kergekoin on May 10, 2014, 09:37:28 AM Quote from: FortuneSeeker on May 10, 2014, 09:10:00 AM OK I realise I've asked this before but I'm still surprised that i'm not getting anywhere.



I have 101288 mint, 97k were deposited in this wallet on 10/3/14. I then got a minting on 7/4/14, a donation by some kind fellow here on 27/4/14 and minting on 28/4/14, but nothing else. Shouldn't I get some more minting transactions? Or does it really mean I have to wait 20 days between each possibly minting. I realise I don't have much of the coin in the first place. But surely a few mintings should take place shouldn't they?



All my coins is the in the balance section of the wallet. There is nothing in the stake line. Is that right? I have the v1.9.1 wallet.



the little green icon in the lower right corner of the wallet says my weighting is 293 vs network 80212182 and estimated time to receive reward is 95 days



Is it right that I only get a minting every 20 days.. am I just unlucky because I have a low balance and so won't get hardly any minting?



If its going to be so long inbetween mintings I'm not going to get anywhere and may as well give up and sell... or is something wrong?





Im sure that every time your 97k transaction is aged, you will get your MINT interest payment within 20-40 days. For all small amounts in your input adresses it will likely take much longer, since their priority is very low and there is not much interest for them to generate.

You can review your inputs by opening coin control window and sort by list mode. If you want, you can combine all your amounts in to one single big input. For this you will have to send all your coins to your own recieving address. Be aware that by sending your coins out (even to yourself) will reset selected inputs age to 0.



Hopefully that answers your question.

Im sure that every time your 97k transaction is aged, you will get your MINT interest payment within 20-40 days. For all small amounts in your input adresses it will likely take much longer, since their priority is very low and there is not much interest for them to generate.You can review your inputs by opening coin control window and sort by list mode. If you want, you can combine all your amounts in to one single big input. For this you will have to send all your coins to your own recieving address.Hopefully that answers your question.

So basically I have such a low amount of the coin its rarely going to generate anything?!?



What is the [Stake: ] part of the wallet supposed to show? All my coins are in the [Balance: 118....] line. If I have no stake is that why I'm not generating coins?



I found the display coin control tick box in the options but I can't see it does anything even after clicking apply and ok... am I missing something? I can see transaction history of course so when coins have come in but I assume this is different So basically I have such a low amount of the coin its rarely going to generate anything?!?What is the [Stake: ] part of the wallet supposed to show? All my coins are in the [Balance: 118....] line. If I have no stake is that why I'm not generating coins?I found the display coin control tick box in the options but I can't see it does anything even after clicking apply and ok... am I missing something? I can see transaction history of course so when coins have come in but I assume this is different

paspi



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Full MemberActivity: 185Merit: 100 Re: [ANN][MINT]Mintcoin V1.9.1, Energy Saving Coin *27 Exchanges *55 Merchants May 14, 2014, 10:56:56 AM #14546 Quote from: FortuneSeeker on May 14, 2014, 10:05:05 AM What is the [Stake: ] part of the wallet supposed to show? All my coins are in the [Balance: 118....] line. If I have no stake is that why I'm not generating coins?

If you generate a POS block (for gaining interest), the funds that generated the interest are locked for 50 confirmations. During this period, they will be removed from displayed Balance and put into Stake until they mature. After 50 confirmations are completed, they'll be moved from Stake and put back into Balance with added interest If you generate a POS block (for gaining interest), the funds that generated the interest are locked for 50 confirmations. During this period, they will be removed from displayedand put intountil they mature. After 50 confirmations are completed, they'll be moved fromand put back intowith added interest MINT: MdPQhsGufjm5AXYkHebbnF2A155xDqVfK7

dogechode



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Full MemberActivity: 182Merit: 100 Re: [ANN][MINT]Mintcoin V1.9.1, Energy Saving Coin *27 Exchanges *57 Merchants May 14, 2014, 05:20:52 PM #14557 For the 11 billionth time, we need people to leave the wallet open 24x7x365 or as much as possible. Encouraging people to just open it when they expect a stake to happen and then close as soon as it stakes is bad for the network, bad for security, and reduces in receiving less overall stake over the course of the year. JUST LEAVE IT OPEN!



I would be 1000% in favor of reducing the overall coin cap if that is possible. 70 billion is just way too much. Other coins that have changed their cap have seen a value increase.

coolbeans94



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Mintcoin: Get some







Hero MemberActivity: 613Merit: 500Mintcoin: Get some Re: [ANN][MINT]Mintcoin V1.9.1, Energy Saving Coin *27 Exchanges *57 Merchants May 14, 2014, 07:43:13 PM #14559 Quote from: stan26 on May 14, 2014, 03:07:58 PM How about reducing the coin total to 50 billion instead of 70 billion. Then a new minting period could be outlined with an initial minting period of 80% in ONE month, then 40% for the next 2 months, 20% for the next 4 months, 10% for the next 8 months, 5% for the next 16 months, then it would be 2.5% minting every year from then on.



I know this would require a lot of changes and it might not be possible but in my opinion it would generate a lot of new interest.



Imagine the hype and buying that would be generated from an 80% minting period of one month. with 80% minting if you had 600000 MINT you could increase it to a million. In my opinion there is not a lot of incentive for Mintcoin because the Proof of Stake rewards are low. If you did this people would probably change their minds and rush to buy MINT. Because then minting will look like a great alternative to mining. And people will have a reason to consider buying MINT before the minting "halves" and the big minting rewards decrease.



Just an idea I had...



Actually, Having 70 billion coins someday is a good thing. It is better as it allows for greater upward scalability, and liquidity. The coin cap likely won't be reached for over 30 years, so you don't have to worry about inflation in the future.



Also, if you change the reward rate, it makes no difference in value, as you cannot create value from nothing, and a huge interest rate, just pumps the money supply up faster, and deflates the value of all existing coins. For example, all else equal, if you start with 1-billion coins and a month later there is 1.8 billion coins in the money supply, then the value for each individual coin would have dropped by 70%. The only thing that matters is supply and demand. Mintcoin already has a limited supply, and next year, the supply gets even tighter...there is nothing wrong with Mintcoin's design and doesn't need changing. In 3 years, when the annual payout rate drops to 5%, the money supply will be increasing only at approximately 3% per year, because not everyone chooses to mint their coins. If you choose to save your coins and Mint, then you will be getting ahead by the difference of 2% each year. Actually, Having 70 billion coins someday is a good thing. It is better as it allows for greater upward scalability, and liquidity. The coin cap likely won't be reached for over 30 years, so you don't have to worry about inflation in the future.Also, if you change the reward rate, it makes no difference in value, as you cannot create value from nothing, and a huge interest rate, just pumps the money supply up faster, and deflates the value of all existing coins. For example, all else equal, if you start with 1-billion coins and a month later there is 1.8 billion coins in the money supply, then the value for each individual coin would have dropped by 70%. The only thing that matters is supply and demand. Mintcoin already has a limited supply, and next year, the supply gets even tighter...there is nothing wrong with Mintcoin's design and doesn't need changing. In 3 years, when the annual payout rate drops to 5%, the money supply will be increasing only at approximately 3% per year, because not everyone chooses to mint their coins. If you choose to save your coins and Mint, then you will be getting ahead by the difference of 2% each year. (1.) Moral happiness depends upon moral order.

(2.) Moral order depends upon the harmonious action of all our powers, as

individuals and as members of society.