Topic: [ANN][ROI] ROI Coin | CPU Only Solo Mining Hybrid | 15% POS | 593% Term Deposit - page 116. (Read 107962 times)

Inflation will never be an issue with ROI coin end of story.

The community will give input and interest payouts will be adjusted as needed to control inflation.

When a coin is only a couple of weeks old and only 70,000 coins are for sale worldwide it is way premature to start worrying about interest payouts.

We can expect a high inflation in july 2018 and a hyperinflation in december 2018.
Time will tell when depositors want to make profits.

Should I mine on cluster only to the wallet address or can I also mine to my exchange address? This is 3 day I am mining on cluster to exchange address and hit no block. Same time mining in pool (with same hardware configuration) gave me almost 800 coins.

Nobody knows how many people will lock their coins in term deposit, and nobody knows how long they will lock. 600% you only get for a 12month deposit.

But in my personal opinion I also think that the rates perhaps are to high and can generate high inflation. I like the idea from Dastrike351 that the rates decrease over the time.

I think dev will also post a statement about your inflation warning.

I have two PC's mining ROI with two different wallets.  I did a 12 month term deposit of coins on each wallet.  Is there a way to move the 12 month term deposit from one wallet to the other so they are in the same wallet?

Maybe its a good idea to lower the interest rate year after year, because having 2 millions coins mean nothing if the valuation is shit, I think to much free coins not so good.

They come "from the code" and not have to be mined or something like that. When your term deposit ends you get your locked coins and the interests automatically in your wallet.

Where the funds for interests get from?
600% annual interest will produce a huge inflation if the funds are be mined.

Yes, I think this will bring you the most profit if you lock all your coins shortly before the fork for 12 month. But must of my coins are allready locked...

No worries, I just asked to confirm about the fork. I agreed with you on your decision. You must be having hard time to modify the coding to do so, cheers

As it was told before many times - we cant cancel the term deposit, so think twice or more times before making a depo.

I don't think we can cancel the term deposit before it get matured.
Am I right?

Im greedy but for max profit before the fork.... I just keep all my coins unlocked and term deposit them just before the 25000 block, like 24900 to be safe?

Thanks again for your explanation to the community! I think we will see at the next weeks if adjustment is needed.

The fork will have no impact on maturation dates. Rather, maturation dates are a coin unlock prediction based on the timing of the blockchain. You may notice that maturation dates will change if you check them day to day and this is because this time is calculated and recalculated based on the most current data. What varies here is the blockchain timing. While it's true the code is set to move the blockchain at 2 minutes per block... the MIDAS algo comes behind that and will adjust blockchain timing dynamically based on several things such as current block chain timing, expected block chain timing, total network hash rate etc.

We did anticipate that the MIDAS algo would tend to slow the block chain timing as opposed to speeding it up and so when we did initial determinations of POS and term deposit rates we did elevate them to compensate for this. Up until such time that the network hashrate stays fairly stable we are presuming a potential 20%-25% reduction in target blockchain timing. In other words, the target timing of 2 minutes could be 2.4-2.5 minutes. As we move forward, rest assured that we are monitoring the block timing and in the future and if deemed necessary we may adjust the MIDAS algo.

Bear in mind that our emphasis is on security and protecting the blockchain from massive hashing movements. You see what can happen is some may have the horsepower to "game" the system and by this I mean they can apply and un-apply large amounts of hash quickly and thus manipulate block timing in an effort to harvest many coins quickly. This is not good because if we do not protect from it someone in the know could swoop in and harvest a bunch of blocks quickly and then exit leaving the community sitting there for a long time unable to mine any blocks at all.

It's sad that we do have to anticipate attacks and then be ready for them but it is what it is. We feel that protecting the coin and it's community from such evildoers is more critical than having a blockchain that cracks a block every 120 seconds regardless of the dangers...

Then if I see now Maturation Date 2019/02/03 (I was deposited for 12 months) that date will be decreased automaticaly after the fork? Or nothing will changed.

You won't need to worry about wallet address.

Your coins that are deposited for 12 months will be just fine but you really should make a backup of your wallet.dat file before upgrading just to be safe.

You will keep the interest rate that you had before the fork.

After the fork if you term deposit coins the interest rate will be the proper amount and it will stay steady and not climb higher.

Thank you for your interest in the coin and welcome to the community and crypto in general!

Hello I'm new to ROI Coin or cryptos in general.
I currently have the old wallet.
Now with the fork approaching I need the new wallet.
Do I therefore need a new address aswell?
I have some coins in my current wallet in a deposit for 12 months. Do i keep the interest rate from before the fork or will it change?
Thank you in advance

Yes it will fix it but not until after the fork. Even if you load the new wallet it is going to term deposit on pre-fork code right up until the fork. We decided to do it this way because we do not want the community to experience any change in their existing term deposits that were prior to the fork if that makes sense.

So, this hardfork will fix the term deposit interest issue?

I have just installed 1.1.0.0 and found that 12 months term deposit still with very high interest.

CryptoRX is exactly right on this. You need to update all of your machines to the new wallet before the fork. You can upgrade today if you like and you can mine, send, receive and term deposit now and up to the fork and through the fork. We had no choice but to do a hard fork and hence the banning and this is because the interest is too high and it is climbing. This made the hard fork and banning necessary otherwise people would continue with the previous wallet and the higher and gaining interest rates.