[ANN] RootCoin [ROOT] - rootEX™ announced - ANON-tx using BitKey™- PoW/PoS/PoI - page 80.

MineP.it

full member

Activity: 182

Merit: 100

Quote from: bitsta on August 24, 2014, 07:25:37 AM

Quote from: ?? on ??

Is nobody else concerned about some of the strange problems so far with this coin?

The "official" pool is just an IP address.. and it seems nobody (or very few people) have received payouts from it so far. What's going on with that?

There's a few things that just seem a little "off" so far. Hope everything can be sorted out quickly.

hey MineP.it. any issues with your pool?

the official pool is just an IP-address because we haven't set up a subdomain on rootcoin.co.
why is that strange? We could easily add a subdomain with A-record to our server. would end up in the
same.

As for the official pool. As long as somebody has mined & gotten successfull shares, there is no issue
and payouts are working. Please join IRC, we have a lot of users, also still mining there and getting payouts.

I had an issue with couple of rentals. they started mining at the preset diff of 64. but after some time (due to too many
stale shares, the worker got banned). and in another case we tested a 0.5GH/s rig on the official pool
and it disconnected due to "too low diff".

So the issue is not in the coin itself. like already posted before: feel free to check the sourcecodes if you re concerned.

Hey

No our pool is running well - doesn't seem to be any issues with the coin itself. I just keep repeatedly seeing messages in this thread about people not receiving their coins from the official pool.

I'm a paranoid guy with all the scams that have been coming out recently and I'm trying to find where there could possibly be one on this coin (just for my own peace of mind!) - not trying to spread FUD or anything.

The only thing that seems like a potential candidate so far is coins being mined at the official pool, not being paid out, and potentially being dumped. But - if you're saying that everyone is receiving their coins OK then cool.. we can relax

MaxOnBit

hero member

Activity: 490

Merit: 500

Quote from: bitsta on August 24, 2014, 07:12:21 AM

ROOT is traded on C-CEX:
https://c-cex.com/?p=root-btc

Is it good? )

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: btminer8 on August 24, 2014, 07:13:20 AM

Quote from: bitsta on August 24, 2014, 07:06:46 AM

Quote from: btminer8 on August 24, 2014, 07:03:51 AM

How much of IPO shares been given out?

50% for preinvestors.
33% for ROOTcoin-holders.

No. no.

I think some of rootcoin investor has not get their coins.

thats correct. we re still transfering coins to the investors.

so far +80% have been transfered to the investors.

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: ?? on ??

Is nobody else concerned about some of the strange problems so far with this coin?

The "official" pool is just an IP address.. and it seems nobody (or very few people) have received payouts from it so far. What's going on with that?

There's a few things that just seem a little "off" so far. Hope everything can be sorted out quickly.

hey MineP.it. any issues with your pool?

the official pool is just an IP-address because we haven't set up a subdomain on rootcoin.co.
why is that strange? We could easily add a subdomain with A-record to our server. would end up in the
same.

As for the official pool. As long as somebody has mined & gotten successfull shares, there is no issue
and payouts are working. Please join IRC, we have a lot of users, also still mining there and getting payouts.

I had an issue with couple of rentals. they started mining at the preset diff of 64. but after some time (due to too many
stale shares, the worker got banned). and in another case we tested a 0.5GH/s rig on the official pool
and it disconnected due to "too low diff".

So the issue is not in the coin itself. like already posted before: feel free to check the sourcecodes if you re concerned.

P.S. if the community wants the official POOL to be shut down we ll do that. no worries about that.

btminer8

member

Activity: 112

Merit: 10

Quote from: bitsta on August 24, 2014, 07:06:46 AM

Quote from: btminer8 on August 24, 2014, 07:03:51 AM

How much of IPO shares been given out?

50% for preinvestors.
33% for ROOTcoin-holders.

No. no.

I think some of rootcoin investor has not get their coins.

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

ROOT is traded on C-CEX:
https://c-cex.com/?p=root-btc

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: btminer8 on August 24, 2014, 07:03:51 AM

How much of IPO shares been given out?

50% for preinvestors.
33% for ROOTcoin-holders.

btminer8

member

Activity: 112

Merit: 10

How much of IPO shares been given out?

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: bitcoinwonders010 on August 24, 2014, 06:21:53 AM

Quote from: bitsta on August 24, 2014, 06:17:43 AM

Quote from: bitcoinwonders010 on August 24, 2014, 01:00:06 AM

Quote from: r95222 on August 24, 2014, 12:11:24 AM

@bista
I have a question of profit model of rootEX

If rootEX is a popular exchange has a daily volume about 100BTC.(Mintpal is ~300BTC now)
with trade fee ~0.2%, exchange can earn about 6BTC per month.

If I buy 10BTC, 1% shares of root-share, I can get distribution 0.06 BTC/month.
That means it spends me 160 month to break even? Roll Eyes

exactly rootex is not profitable. i wouldn't invest in rootex.

it s not only the dividends. rootEX is going to have an ad-system for altcoins
just to name one additional "profit-generator".
and every income from the exchange will be split upon shareholders.
I also adapted the rootEX-share amount per BTC due to investors request.
and please keep in mind that the users is ALWAYS free to switch back to ROOTCOIN
or anyother currency within the rootEX-share market.

regards,
bitsta

but how much revenue are you expecting to generate from this. you would need atleast more than 1000 people for this to work as the basic plan is CPM which people buy per 1000 views or CPC per click which are more profitable. what things would be advertised would you allow other coins to advertise, or is it for the marketplace. im sure everyone who uses the internet ads are not the way to go when your new. people don't like ads even on websites. its annoying. wouldn't it put people off.

no it wouldn't. users will have the chance to choose between different modes. There will also be a pro-membership with ads deactivated.
We re only going to allow very few and rare ads-sections on the exchange. It will mostly be available for other altcoins and adSense.

bitcoinwonders010

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Activity: 686

Merit: 500

Quote from: bitsta on August 24, 2014, 06:17:43 AM

Quote from: bitcoinwonders010 on August 24, 2014, 01:00:06 AM

Quote from: r95222 on August 24, 2014, 12:11:24 AM

@bista
I have a question of profit model of rootEX

If rootEX is a popular exchange has a daily volume about 100BTC.(Mintpal is ~300BTC now)
with trade fee ~0.2%, exchange can earn about 6BTC per month.

If I buy 10BTC, 1% shares of root-share, I can get distribution 0.06 BTC/month.
That means it spends me 160 month to break even? Roll Eyes

exactly rootex is not profitable. i wouldn't invest in rootex.

it s not only the dividends. rootEX is going to have an ad-system for altcoins
just to name one additional "profit-generator".
and every income from the exchange will be split upon shareholders.
I also adapted the rootEX-share amount per BTC due to investors request.
and please keep in mind that the users is ALWAYS free to switch back to ROOTCOIN
or anyother currency within the rootEX-share market.

regards,
bitsta

but how much revenue are you expecting to generate from this. you would need atleast more than 1000 people for this to work as the basic plan is CPM which people buy per 1000 views or CPC per click which are more profitable. what things would be advertised would you allow other coins to advertise, or is it for the marketplace. im sure everyone who uses the internet ads are not the way to go when your new. people don't like ads even on websites. its annoying. wouldn't it put people off.

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: bitcoinwonders010 on August 24, 2014, 01:00:06 AM

Quote from: r95222 on August 24, 2014, 12:11:24 AM

@bista
I have a question of profit model of rootEX

If rootEX is a popular exchange has a daily volume about 100BTC.(Mintpal is ~300BTC now)
with trade fee ~0.2%, exchange can earn about 6BTC per month.

If I buy 10BTC, 1% shares of root-share, I can get distribution 0.06 BTC/month.
That means it spends me 160 month to break even? Roll Eyes

exactly rootex is not profitable. i wouldn't invest in rootex.

it s not only the dividends. rootEX is going to have an ad-system for altcoins
just to name one additional "profit-generator".
and every income from the exchange will be split upon shareholders.
I also adapted the rootEX-share amount per BTC due to investors request.
and please keep in mind that the users is ALWAYS free to switch back to ROOTCOIN
or anyother currency within the rootEX-share market.

regards,
bitsta

bitsta

hero member

Activity: 518

Merit: 500

r00t-dev

Quote from: Sellman on August 24, 2014, 06:11:00 AM

Quote from: bitsta on August 24, 2014, 06:03:40 AM

Quote from: provenceday on August 24, 2014, 05:36:37 AM

When will pos start works?

PoS will kick in at block 7k.

mmm...

and when the trade is up?

trading on exchanges will be available within 48h.

bitsta

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Activity: 518

Merit: 500

r00t-dev

rootEX-shares have been adapted due to investors-request. (-50% of initial price)
the new specs are stated below:

ANNOUNCEMENT

It's a pleasure to announce rootEX, a new, austrian-based, cryptocurrency
exchange, with dedicated/self-owned hardware and a professionally
designed backend-framework and security-architecture.

is a 100% share-based cryptoexchange with a unique distribution
and dividend-payout system. We will launch two independent investmentrounds offering a total of 50% of the rootEX-shares.
17% will be held for the development-team and future fundings. And 33% of the rootEX-shares will be claimable(swap)
by ROOTcoin-holders valueing 3.000.000 ROOT with 33% of the rootEXchange.
rootEX-shares will secure an monthly dividend-payout to the holder in form of the equivalent %-holdings of the
rootEX-profit + giving the investor the chance to always swap back to pure ROOT-coins.
The public rootEX betastage will launch mid-end october. A closed beta-stage will launch end september.
Every rootEX-investor will get an exclusive access to the closed beta. A total of 1.000.000 rootEX-shares (=100% of rootEX) is available.
10.000 rootEX-shares = 1% of rootEX. PM me if you want to become a rootEX share-holder. Please don't
post any tx-id's and or investment-related informations in the thread as this is against the forum-rules.

SHARES:
1st investment-round: 30% of the rootEXchange are available for 1 BTC per 1500 rootEX-shares (0.15%)
minimal investment amount = 0.1 BTC
available: 283.500 rootEX-shares | already sold: 16.500 rootEX-shares

public investment BTC address: 1M1Ei3BvW7WmRA1CmQeWS1Lwo7HdKBVd2V