Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] Minexcoin - A new era of payments (ICO closed!)
by
sonulrk
on 02/08/2017, 12:40:00 UTC
Hello.
We gave you the official explanation about delay on Monday https://blog.minecoin.org/latest-news-about-release-of-minexbank-b86c2a9f12e3
Now, you can download MNXcore and mine MNX, today will be available withdrow from ICO and bounty accounts.
Release of Minexbank will be August 9. Listing on exchanges after release of Minexbank.
The workflow is proceeding and you can see it. You should be more patient. Thank you!
-> Yes, I know this. I don't make a reproach about delays, but about the pre-mined blocks 6 days (or more) before the public launch of the wallet. We need an explanation to clarify this.
2)
"1. The difficulty of the network is high, slow mining and blocks are slowly generated, so transactions are confirmed more slowly (each transaction confirmation is 1 new generated block).
After revision the difficulty (every 960 blocks), the mining process will be normalized and the confirmation of transactions will be faster."

-> This sentence makes no sense: one transaction confirmation = 1 block ? But to be paid, the miner generate another block ? Please explain me if there is something I don't understant, otherwise this is an infinite loop.

When you made a transaction, you need to wait for confirmation to make this transaction valid. 1 generated block it is 1 confirmation, 2 blocks - 2 confirmations for each transaction that is in the previous block and so on. What exactly confuse you?
Here is detail info about confirmations: https://bitcoin.stackexchange.com/questions/146/what-are-bitcoin-confirmations

What exactly NOT confuse US is: CONFIRMATIONS HAS NOTHING TO DO WITH RELEASE OF MINEX BANK.