They say itâ€™s the early bird that catches the worm. That statement could be adapted to itâ€™s the early miner who gets the mint! The innovative new altcoin Mintcoin has a very interesting feature built in.
After the coins initial five weeks, no more coins will EVER be mined. Mintcoin adapts into a Proof of Stake or POS altcoin. This means that early adopter miners who already have Mintcoins will be able to mint new coins every 30 days, without having to actually mine them! Pretty cool, huh?
Mintcoin uses a variable PoS rate that gives the highest payout at 20% for the first year. After that it will decrease 5% every year until the 4th year. At that point it will reach its annual interest rate of 5%. From that point forward, it will stabilize.
So many altcoins these days are just a copy of ones that came before. Itâ€™s nice to see true innovation once in awhile.
People Are Likely To Hold Their Mintcoins
Since the early miners stand to benefit down the road, early holders of Mintcoin should do very well. Thereâ€™s no incentive to dump these coins as fast as possible in order to make a small profit. Instead, you hold your Mintcoin, get your PoS rewards and keep on holding until the real money comes knocking.
Mintcoin support among miners has been strong. Right now network traffic is running atÂ 4.460243 gigahertz. Not bad at all for a coin that just launched this week. Many recent altcoin launches have been real duds. It pays to support devs who put in the time necessary to make the coin design worthy of mining. Once thatâ€™s done, the rest comes easy. Well supported altcoins have communities spring up around them literally overnight. Mintcoin is certainly proving that to be true.
How Can I Mine Some Mintcoin?
Setup an account at a Mintcoin Mining Pool. Add your workers and point your miner to the correct URL.
If you use a command-line miner, type:
./cgminer --scrypt -o stratum+tcp://mint.majorminers.com:3334 -u Weblogin.Worker -p Worker password
./bfgminer --scrypt -o stratum+tcp://mint.majorminers.com:3334 -u Weblogin.Worker -p Worker password
Make sure to get your wallet as outlined by this thread on Bitcointalk.
Mintcoin mining rewards are set to half very soon, so get started today. Mintcoin is one easy way to mint coins!