dcwsco Posted October 17, 2013 Report Share Posted October 17, 2013 Just a quick question. How many confirmations does it take for a block to become valid and payout? It seems to be different amounts? Thanks - David Link to comment Share on other sites More sharing options...
necom Posted October 17, 2013 Report Share Posted October 17, 2013 Just a quick question. How many confirmations does it take for a block to become valid and payout? It seems to be different amounts? Thanks - David I think it's 6 confirmations. You can check your wallet on the "transactions" tab/page. There's an icon to the left of the transaction line that shows the current state of the transaction. Hover your mouse over that icon and it shows the current status -- "3 of 6 confirmations" or whatever the wording is. When it's fully confirmed, you'll see a green check mark icon. Link to comment Share on other sites More sharing options...
dcwsco Posted October 17, 2013 Author Report Share Posted October 17, 2013 I think that differs from finding a block. For BTC, LTC & FTC it is 120 confirmations required. It seems to be a lot less for MNC but I can't find any info on the exact number. - David Link to comment Share on other sites More sharing options...
sdf Posted October 17, 2013 Report Share Posted October 17, 2013 I think that differs from finding a block. For BTC, LTC & FTC it is 120 confirmations required. It seems to be a lot less for MNC but I can't find any info on the exact number. - David MinCoin (MNC) - a minimalist version of Bitcoin optimized for CPU mining using scrypt as a proof of work scheme. MinCoin is bronze to Bitcoin gold 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 The rest is the same as bitcoin. 720 blocks to retarget difficulty (half a day) I assume that Sandy Cohen didn't touch it. I wish I knew someone familiar with bitcoin code that could point you in the direction of where these specifications are stored. If you have skype, I would be happy to put you in contact with someone who might know Link to comment Share on other sites More sharing options...
necom Posted October 17, 2013 Report Share Posted October 17, 2013 I think that differs from finding a block. For BTC, LTC & FTC it is 120 confirmations required. It seems to be a lot less for MNC but I can't find any info on the exact number. It's not very many confirmations. I've mined a lot of these puppies and it doesn't take very long to show up in the wallet... I don't remember the specific number though. It sure seems like no more than 6 though. Link to comment Share on other sites More sharing options...
necom Posted October 17, 2013 Report Share Posted October 17, 2013 720 blocks to retarget difficulty (half a day) Actually, in late May, the big update at 75k blocks changed this diff re-target to just 60 blocks. This has had a fantastic effect on hashrate/difficulty stability on the network. Worked like a charm. If 720 retarget is still posted in details somewhere, that needs to be changed. Link to comment Share on other sites More sharing options...
prospector Posted October 18, 2013 Report Share Posted October 18, 2013 I assume that Sandy Cohen didn't touch it. I wish I knew someone familiar with bitcoin code that could point you in the direction of where these specifications are stored. If you have skype, I would be happy to put you in contact with someone who might know Will the real Sandy Cohen please stand up, I want to congratulate you on a great coin. Link to comment Share on other sites More sharing options...
clamps Posted October 19, 2013 Report Share Posted October 19, 2013 are there many solo miners on mnc ? Link to comment Share on other sites More sharing options...
necom Posted October 26, 2013 Report Share Posted October 26, 2013 are there many solo miners on mnc ? Not so many these days, I think. I used to solo it a lot and knew a couple others. Lately the diffs are typically over 4-6 all the time, creeping into the 8's & 9's. It's making soloing a bit rough, especially for only 2 coin block reward. Link to comment Share on other sites More sharing options...
Noctis Posted October 26, 2013 Report Share Posted October 26, 2013 Good to know, evit panic haha Link to comment Share on other sites More sharing options...
jellyfish420 Posted October 28, 2013 Report Share Posted October 28, 2013 being a small time miner, solo mining ANY coin is pointless for me... Link to comment Share on other sites More sharing options...
Scrat Posted October 30, 2013 Report Share Posted October 30, 2013 How I would like to have a decent machine Link to comment Share on other sites More sharing options...
Razzler Posted October 31, 2013 Report Share Posted October 31, 2013 Good option to the pro miners, much easier than btc! Link to comment Share on other sites More sharing options...
Lishoplays Posted November 1, 2013 Report Share Posted November 1, 2013 Less impossible than bitcoin, at least. Link to comment Share on other sites More sharing options...
001sonkit Posted November 4, 2013 Report Share Posted November 4, 2013 Seems the return rate of Mincoin is quite aligned with LTC, I'll watch and see if getting on will be nice Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now