With great pleasure, we would like to Officially Announce An Update To The MinCoin Project.
Wallet & Network Upgrade
A Hard Fork was activated at block 1452840 which occurred early morning on Thursday, September 28th.
We are excited to deliver this network upgrade which includes the following new features and introduces Mincoin v0.8.8.0
-Difficulty Adjustment by Dark Gravity Wave v3
-Mined Mincoins Fully Mature at 300 Confirmations
-Significantly Reduced Transaction Fees
-More Space in Each Block For zero/low-fee Transactions
-Larger Orphan Transaction Memory Pool
-Reduced Mininum Input Size to 25 Micro-Mincoins
-Full Service IPv4, IPv6 and Tor Seeds
-Fully Functional Testnet
-Alert System Restored
-100% Overhaul of Mincoin Code
-Upgrade To The Latest Version [v0.8.8.0] Of The MinCoin Wallet-
You can download the Latest MinCoin Wallets Here> https://www.mincoin.us
(Previous Versions Of The MinCoin Wallet Are No Longer Supported)
For those who have never heard about MinCoin, below are the specifications:
Launched: April 03, 2013
Supply: 10 Million Coins
Speed: 1 minute
Difficulty Adjustment: Dark Gravity Wave v3
Subsidy: 2 MNC/Block
Premined: Zero Premine
Transaction Confirmation: 6
Full Maturity For Mined Blocks: 300 Confirmations
CoinMill Exchange Rate Calculator
MinCoin Block Crawler
MinCoin Paper Wallet Generator
MinCoin On BitcoinWiki.org
MinCoin Block Explorers
CoinTech Block Explorer
Explore The Minco.in
* More Exchanges Coming Soon!
CryptoBetFair – Gaming/Gambling
*More Merchants And Vendors Coming Soon!
Sample .conf file (mincoin.conf)
* Nodes are hardcoded in the wallet.
We have been working really hard preparing for this re-launch, working on many projects to add more value to the coin users and supporters.
MinCoin is a derivative of the Litecoin code, and Litecoin really is just a clone of Bitcoin. What separates MinCoin from both of those is it takes the best of both and it combines them into one crypto-commodity/currency. Whether Bitcoin supporters want to believe it or not, Bitcoin is a commodity not a currency and as with commodities what really drives value is limited supply/creation.
With MinCoin only having 10 millions total coins to ever be produced compared to 21 millions for Bitcoin, it is pretty easy to see which one is more rare. By late September 2017, 78.9% of all Bitcoins have already been distributed, but in Mincoin – our flat emission cycle leaves 61.8% of the total Mincoin still uncirculated.
“To empower people with the ability to govern their finances by enabling them with a superior method of wealth storage, wealth transfer & a mobile payment solution currency not available within today’s banking system & the outdated infrastructure it supports.” – Mission Statement, MinCoin Dev Team
Become a part of our growing community and start using MinCoin. Go to MinCoin.us and download our all-new wallet now.
MinCoin has a new home. Stop by and check it out >>https://www.mincoinforum.com/
*Below is the original release thread/post details*
I’m sure many of you have noticed that MinCoin has been having some issues with our Difficulty re-target causing a lot of
instability in MNC network hashrate, Transaction Confirmation times and overall mining profitability compared to other coins.
Today we have made a change to that Difficulty re-target in an effort to help create a more stable network hashrate
and to also help stabilize the 1min block/confirm target. This should also help with mincoin mining profitability from
a stability standpoint.
However, this does require a mandatory update to the mincoin qt client and daemon for all miners and pool operators.
We request that everyone upgrade prior to block 75000 as that is the target block for the new Difficulty re-target of 60blocks
to take effect.
Thanks again for your continued support. I think this change will help benefit everyone involved with this project.
Announcing MinCoin! If you weren’t an early adopter for BitCoin or LiteCoin here is your chance to become one for the fastest coin out there!
**Latest github: https://github.com/vipah/mincoin
Windows 32bit binary: https://dl.dropbox.com/u/36733610/mincoin/mincoin.zip
MinCoin (MNC) – a minimalist version of Bitcoin optimized for CPU mining using scrypt as a proof of work scheme.
*Only 10 million coins total will be generated
*1 minute block targets for ultra fast transactions
*To encourage early adoption block values for first 3 days are :- 500 MNC, 100 MNC, 50 MNC
*After first 3 days block value will be 2 MNC per block until all coins mined which will take roughly 10 years
*Difficulty Retarget Every 60 Blocks
Mining started at 12:21 UTC April 3, 2013 and was announced on IRC and the WWW not long after. There is no premine!
Getting Started: Solo mining:
Run mincoin.exe or compile the source from github. It should close down immediately after not finding a valid config file.
-Go to %appdata%\mincoin directory and create a file called mincoin.conf . In this file add two lines
Then save the file.
Now run mincoin.exe again.
Run CGMINER and point it to http://127.0.0.1:9335 with the username of “user” and password of “pass”
If you use CGMINER set the flag “–expiry 1” option to make sure you avoid stales, ie
cgminer –scrypt -o http://127.0.0.1:9335 -u user -p pass –expiry 1