Some updates:
Currently, Rubies is still in a heavy distribution phase during this time we will continue to run large contests for everyone to properly distribute coins.
Right now your options for obtaining Rubies are:
1. Trade-Mining at C-Cex earning 60 Rubies per 1 BTC of trade volume. (ends April 30th)
2. Contests and tournaments held by the current Rubies supporting business like Bubblesbit.com, Jackpotracer, Betterbets
3. Buying off any of the three exchanges Livecoin, C-Cex, and Yobit
4. Bet-mining as explained on the OP
5. peer to peer trades/purchases.
(Completed distributions methods are Twitter campaign, initial launch distribution, and numerous business promotions)
I am looking into a new type of distribution that would include miners, any feedback on desired algo's would be appreciated as well.
Future plans:
As I have mentioned in the past, many of our stakeholders are also established business owners. The primary focus is on integration and adoption of Rubies by these and future businesses.
Something that is extremely important for long-term health of any currency, digital or not, is use; and Rubies has it. We have already achieved this in the first 2 months of launch, however now we will be pushing towards mass business adoption and it's not an 'IF' this is a fact. Most businesses prepping for launch are nearing final testing and should be ready to experience within a month or two.
I hope those who choose to read my wall of text understand that we are not just building this coin for the sake of it, it's to give you all an option to use/trade/stake vs. Bitcoin and one that is accepted by most of the sites we use daily.
Have a great weekend community,
Bjorn
Topic: [ANN] Rubies (RBIES) Gaming and casino entertainment currency. - page 45. (Read 149346 times)
Nice tournament here think the Warriors may take it?
nice offer will start to invest my bitcoin for this free mine rbies
thank you for the update dev will keep moving up, good luck
guys may we have a lots of rbies to mine.
thank you for the update dev will keep moving up, good luck
guys may we have a lots of rbies to mine.
Bet-Mining will be halving on June 1st 2016
Currently, you can mine 30 Rubies per 1 BTC of volume this will reduce to 20 Rubies
The next halving occurs December 1st 2016
Currently, you can mine 30 Rubies per 1 BTC of volume this will reduce to 20 Rubies
The next halving occurs December 1st 2016
Good time to grab a bunch of Rubies and have fun doing it for the NBA playoffs, have fun everyone this event greatly determines future development of sports line integration.
The final 2 stakeholder spots remain, existing stakeholders and anyone outside this please take note: if you want the dividends send your emails using the method on the OP.
Time to move coins around then for more efficient thanks Mammix2.
Question about staking.
After each reward for staking a block, does your rubies need to wait another 12 hours to mature?
After each reward for staking a block, does your rubies need to wait another 12 hours to mature?
Yes the coins you are rewarded are 'New' and must mature before they can be put into stake
Thats not my question. I started to stake sunday morning and niw my wallet says i dont have any mature coins to stake...
I'm also curious to learn about how staking works. I've read a handful of articles about staking for other coins, and I understand the general concepts, but I have a few questions about the in-practice mechanics.
- If I have 10,000 rubies sitting in an unlocked wallet, and get a staking reward, are all 10,000 + (staking reward) now locked from staking for 12 more hours, or just the staking reward amount? - No, when your 10,000 coins go into stake, The original 10,000 + your reward will need to have 110 confirmations or 110 blocks pass before they are spendable again. The network is designed to retarget every 2 minutes, so we get about 30 blocks per hour. 110 blocks will take about 3.7 hours to pass by. If you want to ensure that a certain amount of coins never get staked you can set a 'reserve' amount in the wallet options, or type reservebalance true << the amount of coins>> in the debug console
- If all of my coins are locked for 12 hours, has anyone worked out the math behind optimal wallet splitting amounts? For example, will keeping 10,000 coins in one wallet end up generating more rubies after a month/year than 10 wallets with 1000 each in them? - No, the math is still the same, so long as the coin age for each of the smaller balances is the same. Coin age (or how long a TX has stayed in your wallet without being moved) is a major factor in staking.
- Are there any rough estimates on staking profit over time? For example, if I put the 10,000 rubies in an unlocked wallet and don't open it for a month, around how much should I expect to make at the end of that month? - The coding is set to try and achieve a total 5% reward per year, but fluctuation in the network performance will see this figure fluctuate a little, and again age of the coins is an important factor. 10,000 coins at 5% per year will gain you 500 coins, divided by 12 is about 42 coins per month.
Thanks to anyone who can shed some light on these for me.
Answers above in red....
Good staking questions I wouldn't mind knowing too how to optimize.
Question about staking.
After each reward for staking a block, does your rubies need to wait another 12 hours to mature?
After each reward for staking a block, does your rubies need to wait another 12 hours to mature?
Yes the coins you are rewarded are 'New' and must mature before they can be put into stake
Thats not my question. I started to stake sunday morning and niw my wallet says i dont have any mature coins to stake...
I'm also curious to learn about how staking works. I've read a handful of articles about staking for other coins, and I understand the general concepts, but I have a few questions about the in-practice mechanics.
- If I have 10,000 rubies sitting in an unlocked wallet, and get a staking reward, are all 10,000 + (staking reward) now locked from staking for 12 more hours, or just the staking reward amount?
- If all of my coins are locked for 12 hours, has anyone worked out the math behind optimal wallet splitting amounts? For example, will keeping 10,000 coins in one wallet end up generating more rubies after a month/year than 10 wallets with 1000 each in them?
- Are there any rough estimates on staking profit over time? For example, if I put the 10,000 rubies in an unlocked wallet and don't open it for a month, around how much should I expect to make at the end of that month?
Thanks to anyone who can shed some light on these for me.
Question about staking.
After each reward for staking a block, does your rubies need to wait another 12 hours to mature?
After each reward for staking a block, does your rubies need to wait another 12 hours to mature?
Yes the coins you are rewarded are 'New' and must mature before they can be put into stake
Thats not my question. I started to stake sunday morning and niw my wallet says i dont have any mature coins to stake...
I'm also curious to learn about how staking works. I've read a handful of articles about staking for other coins, and I understand the general concepts, but I have a few questions about the in-practice mechanics.
- If I have 10,000 rubies sitting in an unlocked wallet, and get a staking reward, are all 10,000 + (staking reward) now locked from staking for 12 more hours, or just the staking reward amount?
- If all of my coins are locked for 12 hours, has anyone worked out the math behind optimal wallet splitting amounts? For example, will keeping 10,000 coins in one wallet end up generating more rubies after a month/year than 10 wallets with 1000 each in them?
- Are there any rough estimates on staking profit over time? For example, if I put the 10,000 rubies in an unlocked wallet and don't open it for a month, around how much should I expect to make at the end of that month?
Thanks to anyone who can shed some light on these for me.
Question about staking.
After each reward for staking a block, does your rubies need to wait another 12 hours to mature?
After each reward for staking a block, does your rubies need to wait another 12 hours to mature?
Yes the coins you are rewarded are 'New' and must mature before they can be put into stake
Thats not my question. I started to stake sunday morning and niw my wallet says i dont have any mature coins to stake...
Gave Rubies a vote for bittrex idk if it helps though poll looks like fan boys of other coins jumped in early. Anyway bittrex would be nice.
Question about staking.
After each reward for staking a block, does your rubies need to wait another 12 hours to mature?
After each reward for staking a block, does your rubies need to wait another 12 hours to mature?
Yes the coins you are rewarded are 'New' and must mature before they can be put into stake
Question about staking.
After each reward for staking a block, does your rubies need to wait another 12 hours to mature?
After each reward for staking a block, does your rubies need to wait another 12 hours to mature?
We added a Bi-weekly Rubies lottery per player requests, you can find it on https://betterbets.io next to the daily lottery. The max possible prize is 25,000 Rubies every 2 weeks if you want to give it a try just hit the purchase tickets option. Good luck and have fun!
Some big buys lately I think people starting to wake up that rubies will be here longer than their flavor of the week coin dies off. Nice work devs on the website looks great.
We appreciate the feedback thank you. Some developments potential users may not be aware of, Rubies is going to be implemented by another established business that will allow people to use it on over 200 sites. With the 200+ sites this means a unique team of developers per site that will find new ways to make Rubies even better expanding growth in every way. This is in conjunction with BetterBets.io, Bubblesbit.com, and several more coming.
If you are looking for a currency that will be backed/used by more sites than any coin on the market (outside BTC), I would suggest taking a closer look at Rubies. Within two months when all these sites are integrated RBIES will be cemented into digital currency as a store of value honored at a multitude of places online. If you are tired of coins that give you only speculative value based on promises, then Rubies is your go-to digital currency.
http://www.rbies.org/
So what you mentioned in slack is true then. If Rbies gets that much adoption it will be on epic level. This is starting to make more sense I see what you are doing more clear now thx for the update.
Some big buys lately I think people starting to wake up that rubies will be here longer than their flavor of the week coin dies off. Nice work devs on the website looks great.
We appreciate the feedback thank you. Some developments potential users may not be aware of, Rubies is going to be implemented by another established business that will allow people to use it on over 200 sites. With the 200+ sites this means a unique team of developers per site that will find new ways to make Rubies even better expanding growth in every way. This is in conjunction with BetterBets.io, Bubblesbit.com, and several more coming.
If you are looking for a currency that will be backed/used by more sites than any coin on the market (outside BTC), I would suggest taking a closer look at Rubies. Within two months when all these sites are integrated RBIES will be cemented into digital currency as a store of value honored at a multitude of places online. If you are tired of coins that give you only speculative value based on promises, then Rubies is your go-to digital currency.
http://www.rbies.org/
So what you mentioned in slack is true then. If Rbies gets that much adoption it will be on epic level. This is starting to make more sense I see what you are doing more clear now thx for the update.
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