So Joe Blau just mentioned that someone batched 99,850 XEN mints for about $360,000 at todays ETH prices.

I did some digging and this is the address:
https://etherscan.io/address/0x7f9a3d6ef88885f2a48d28f9b1481edcf8bf53e7

To begin with, the timeframe isn't just over 24 hours; it spans 326 days, tracing back to November 20, 2022. Their minting costs aren't particularly impressive either, averaging at $3.60 per mint. In contrast, throughout this past weekend, we observed individuals minting XENFTs at rates between $1.35 to $1.50 per VMU.

Hence, even if one were to remint all their assets without any cost using Cointool (which we know isn't true, with most reporting savings around 15-25% on reminting at most), their costs would still be less efficient than someone minting a XENFT with the current gwei rates because they minted the first mint at double the cost.

Ultimately, it seems the price of gwei and the value of ETH are the most influential factors in the minting cost equation. These will determine your minting success and ability to profit on XEN mints more than the specific minting software that you choose. As an example I wrote my own minter in Python and shared it with the community, this was at the time when XENFTs were around. It wasn't as efficient, but it was automated and waited for the best gwei. I released a similar script that was minting XENFTs at lowest gwei possible. Many people used it to mint XENFTs at as low as 4.7 gwei.

Anyways, that said, I personally tried Cointool for some of my mints, but a very small portion of my minting process. One significant reason why I didn't go with it, was that its contract was never audited. At the time of XEN release and later on as well, there was a buzz in the community, and various videos popped up from users, including one on YouTube:

While I'm not convinced of these claims, I felt that XENFTs, with its audited smart contract by Certik, and the plans by XEN team to leverage XENFTs for various purposes, was a safer choice. Now, of course, the future is not as much fun now, for example, the recent ban by OpenSea might have shaken things up, but given there are over 15 different marketplaces available, finding a new trading platform shouldn't be a challenge.

So to summarize, in my view, XENFTs as oppose to other minting tools are audited, supported by XEN team, can be used for example to create DBXENFT giving them another utility, can be claimed without ETH using Xenon... and will likely get some share in the X1 ecosystem (speculative).

So, all that said, I just wanted to provide my opinion and go a bit beyond the buzz. If you do not agree with me, it's perfectly fine, let me know your own thoughts and reasons and perhaps also vote in the poll, I kind a want to see which platform is most preferred by Xenians.

What tool did you use to mint most of your XEN?

Vanilla Mints4%
XENFTs56%
Cointool24%
XenTurbo16%
Custom Scripts0%
Other0%

    Admin I always enjoy reding your views Mr. Jozef, you DYOR and then you bring facts along with your opinions. And I respect your opinions as a Xenian!

      Admin can be claimed without ETH using Xenon...
      This is news to me and it's also confusing with the wording. You're saying you can claim your DBXENFT daily rewards for free on Xenon or does this all go back to coin tool mints?

        Admin its contract was never audited

        that made me go by xenfts for most of my mints. i only made some batch mints on cointool and xenturbo to try it out

          great to get the whole picture for the saga, thank you Jozef , I only minted XENfts on the original site, no third party risk

          I started minting XENFTs when Razvan announced Xenon.

          I use Xenfts cuz they allow me to get out if I need however I cant now 🙁. You think all those mints went in cuz someone knows something abt X1?

          This is beautiful, analytical and honest. Thank you for sharing

          #XENFT vs #COINTOOL REMINT

          📊Ethereum Test conditions:

          • 100 VMU Mint @ 5.48 gwei & 0.6 priority
          • $ETH Price as of 6 AM EST (Oct 14, 2023)

          Results:
          Compared to Cointool or XENFT regular mints, 𝐂𝐨𝐢𝐧𝐭𝐨𝐨𝐥 𝐑𝐞𝐦𝐢𝐧𝐭 is 12.32% cheaper. So, not 90% or free, as some claim!

            Admin

            Results:
            Compared to Cointool or XENFT regular mints, 𝐂𝐨𝐢𝐧𝐭𝐨𝐨𝐥 𝐑𝐞𝐦𝐢𝐧𝐭 is 12.32% cheaper. So, not 90% or free, as some claim!

            To be fair, the biggest cost reduction is when using the 'claim and remint' at the maturity date.

                Franco

                yes, but you still need money to claim at the end, so you need to be sure you want to mint XEN twice and also have funds available for it later... also, how many times it'll make sense to do repeating max mints, considering mints will yield less xen over time... anyways, this is a good debate

                  Franco

                  🚨Quick clarification:

                  • I minted XEN with Cointool
                  • Claimed XEN
                  • Created another 'empty slots mint' @ 12% discount

                  I watched TrVon's video and used another Cointool option (claim+remint function) which in a single transaction achieves an additional discount.

                  Another Minter that uses claim and remint claims 75% saving over empty slot mints that I tested:
                  https://xenturbo.io/miner:

                  But as I said, you'll still need money to claim the remint, so be sure you want to mint XEN twice and have funds available for the second or subsequent Cointool claims. In my view, XENFTs have more utility (DBXENFs, XENON, Transfers,..) than you'll get from Cointool or XenTurbo mints, so weigh the options!

                      Admin

                      But as I said, you'll still need money to claim the remint, so be sure you want to mint XEN twice and have funds available for the second or subsequent Cointool claims. In my view, XENFTs have more utility (DBXENFs, XENON, Transfers,..) than you'll get from Cointool or XenTurbo mints, so weigh the options!

                      I have used both Cointool and XENFTs for over a year (and started using XENTurbo), and 80% of my future XEN will be claimable from XENFTs due to the abovementioned reasons.

                          As written before, it's hard for me to understand the reason for the current Cointool outrage on social media other than a staged smear campaign.

                          Funnily enough, the shitheads who initiated the smear campaign built a front-end for Cointool to protect themselves, and of course didn't share it with the community.

                          Franco

                          Cointool remint is presenting advantage only for the second mint (remint) & essentially forces people into doing a remint at the time of claim (there is a limited window when you can do this), in order to create those dramatic savings.
                          At the end of the day, it comes down to day and time and gwei at the time of minting and claiming.
                          As gwei can fluctuate significantly during the day, while it's important to know what tool to use, it's significantly much more important to know when to mint. Gwei fluctuates and knowing when to mint can create better savings than using a specific tool. Of course, if you combine tool with smart execution time, you'll benefit the most. But you also need to weigh the risk associated with non-audited tools.

                            I´m making another test just to be sure they´re not using some kind of tool like in the xenon app to pay for the remint with the claimed xen. I´ll post the results tomorrow.

                            Well I think the drama is over after yesterday spaces. Joe Blau explained how it works and Jack explained the reasons for not having the batch minter on the main page of Xen.Network

                            Here´s the link to the spaces, It was a good one:
                            https://x.com/simplewaters/status/1713627590613938474?s=20

                            As for the test I posted yesterday, I got all the xen that I was supposed to get. I guess it was just my tinfoil hat trying to understand where the discount came from. BUT be aware that the gas estimation can be way off. In both of my claims, the plain claim of 100vmus and the claim and remint of 100vmus, Metamask said each one would cost me 0.01$ and both ended up costing 0.12$. It was on base so no big loss there, but be aware that it can happen on other chains too. You would want to set up your gas limits to avoid it.