Wednesday, February 26, 2014

How to 'Mint' ... and watch for the next 2 Mintcoin halvings through March

After the initial blast-off, Mintcoin has now settled around 40-45 satoshi and is holding firm. Watch for late adopters to buy in and move the price, even before the next halving (of which there are 2 more coming) where the prices are likely to surge again.

The steady charts are proportional to the drop-off in volume since everyone is holding (or 'minting) these coins right now because of how POS (Proof of Stake) works. You can either mine a coin to generate more, or hold a coin in your wallet for a period of time. The latter is similar to receiving interest at a bank, and Mintcoin will deliver a WHOPPING 20% interest.

You will need to hold the coin for at least 20 days in your mintcoin wallet to be eligible for it. Transfers in and out will void and reset the clock!!
Here is the official Mintcoin thread  (just click 'skip ad' in upper right to visit thread)
The steps to start minting would be:

1.) Download the mintcoin wallet from the official thread above
2.) Open an account on Coinbase to transfer USD to BTC.
3.) Send the BTC to an exchange like Cryptsy to transfer BTC over to MINT
4.) Transfer MINT from Cryptsy direct into your wallet.


*When you open your wallet, you have to let it 'sync' with the block chain, this takes a while and you will watch the blocks catch up. There will be a mint address generated within your wallet,  which you would use at Cryptsy to transfer that MINT to your wallet.

Early adopters stand to gain big, start minting!

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