Topic: [ANN][ROI] ROI Coin | CPU Only Solo Mining Hybrid | 15% POS | 593% Term Deposit - page 122. (Read 107962 times)

Yes newgil. You see I failed to realize the traffic the coin would generate. We pulled well over 100 Gig of bandwidth very quickly. This is great news because it shows the coin has some interest. At the same time it created an issue because I initially developed the site on shared hosting. This overwhelmed the account and it had to be shut down.

I then paid more than $5300 USD and got a very nice enterprise level dedicated server that can do what is needed. It has already been provisioned and now I must complete all the setup and of course do the migration. I am working on this and will have it done as quickly as possible. In the meantime if anyone needs the wallet please go and download it at Github which you can find at: https://github.com/ROIcoin/ROIcoin/releases

Sorry for the inconvenience...

Here you go

Hello,

People are comming to me and asking if is the website in maintenance, because they are trying to download the wallet all day but nothing.

Yeap like coinbase or Bitstamp 

Hello altrego,

They are generated by code.  

If you go to Github, ROIcoin/src/main.cpp, are the calculations for PoW block rewards (line 1249):

CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{

    if(nHeight < 50)         { return 77 * COIN;}
    if(nHeight < 100 && nHeight > 50)   { return 777 * COIN;}
    if(nHeight < 201 && nHeight > 100)   { return 600000 * COIN;}  //6% Investor Payout.
    if(nHeight < 7884000 && nHeight > 201){ return 120 * COIN;}

    CAmount nSubsidy = 120 * COIN;

    return nSubsidy;
}

We did it this way to re-verify the code functions as we fired up the live chain.  To make sure it was switching from 77, to 777, to 600k then to 120.  You can test, check, verify, and still come across issues.  So we are always checking, cross checking, the re-checking each others work.

I find it puzzling that nobody has asked why 120 block reward?  We took the PoW coinbase of 1 billion, subtracted the premine amount then divided the difference to come up with 120, for each and every block to make 1 billion PoW coins.  We did not want a halving situation because if/when the coin gains value, say $1 / coin, we want miners to make money.  I would be happy getting $120 a day or better with term deposits.  Beats what my Antminer L3+ is doing.  Though I may be biased, I think we have great potential over the long haul.

As far as the second part of your question.  The PoS (Term Deposit), based on observations, the deposit is part of the blockchain, when the coin matures, meeting the PoS requirements, that principle earned then becomes apart of the blockchain on that receiving address used to make the term deposit.  I could be off, this is based on our observations.  When we were working to correct the interest functions while on Testnet.  The tested pre-fork rates would adjust to the post fork rates.

I hope this answers your question.  I too spent the longest time trying to understand "Where in the heck are the PoS coins coming from?"  So questions are always welcome.

when it hits another decent exchange price will skyrocket!

Hello ant1113,

The best strategy is to mine and term deposit.  You get the multiplier affect turning 120 coins into roughly 700 coins at 1 year (I am bad at math so i could be off, but you get the idea.).

I say this as you look at any coin chart, the first year or two can be generally flat.  Once there is an equilibrium in the coinbase, with continued marketing, bigger exchanges for volume, investors to start driving demand, and day traders will start driving volatility.  Then you will start seeing profits.

This is not a get rich quick deal.  No coin is...  Whether its stocks, mutual funds, altcoins, etc...  Time is your friend.  And what is great about ROI coin, is that in that time, in addition to mining, you are multiplying your position with the term deposits.  So that when prices do reach a fair market value, you can make really good profit.  Sell your interest earnings, keep your principle (mined coins) and repeat.

In order for this coin to be worthwhile, is selling and buying on the market effective?

Hi  there, please submit this as a github issue on https://github.com/ROIcoin/ROIcoin/issues  thanks.

Dev statement above, I asked the same question yesterday:
"YoBit and KUcoin are in progress now but just waiting on the fork to complete."

 That exchange, as the only option, does not benefit ROICoin. Any news about other exchanges?

Yes, if you go to "top 100" section in the block explorer and select the Received tab, you will see about 70 transactions +600,000 coins. I follow some of them and see +600,000 new coins pages. Here a few examples.

http://45.76.246.101:3001/tx/6cbc82e052e6085268bafd1db16ce8f65c1434eb837d85df18652e5261b18d7b
http://45.76.246.101:3001/tx/c528205fcf930c2c45f7a8c88ee96346c212cf5c7cb51e752e3db912357b2deb
http://45.76.246.101:3001/tx/801e1ff6c8584c3b82151a56708b8c13d1a024584f960cc871893f011524a6c1
http://45.76.246.101:3001/tx/70d3a4816f93e319dcaa1ae18c953d9a0912c996f093faffbc515485d6de16ca
http://45.76.246.101:3001/tx/b255e239bcc3e63765284ae043b920d38cd096a1e39ed46e1b9357b9f605649e

I just want to know, how these coins is generated? I understand the mining mechanics and 120 coins reward for finding a block, but 600k? Another question, if user make a term deposit, these coins (locked or interest part) showing in the block explorer as new coins?

Quick Update:

The website at https://roi-coin.com is offline. This is due to extreme site traffic, bandwidth and cpu usage levels. I'm currently migrating everything to enterprise level dedicated hosting and will get this done as fast as possible.

In the meantime please download the wallet compiles at Github by visiting https://github.com/ROIcoin/ROIcoin/releases

If you have any concerns or questions just let me know 

what about mining with avx2? when it will be fixed?

I sent a private message.

Do you have the TX id on the transaction your are checking out?

Sometimes it gets confusing because the blockexplorer may show different transactions that were combined together...

That's an interesting suggestion and we should take a look at that for our next wallet update.

YoBit and KUcoin are in progress now but just waiting on the fork to complete.

How to read block explorer data and to where have my coin gone?

Block explorer show this data for my address:
Total Received (ROI): 3262
Total Sent (ROI): 620 this seems to be increasing.
Balance (ROI): 2641

I have not send those 620 coins. I have made deposits but those are send back to that address. Block explorer shows only one red transactions and that is about 0.5 coins.

All change coins are send back to that main address.

Command listaddressgroupings reports that there are 2779 coins. Are accured coins included?

I have an idea for a wallet. Maybe it was already discussed, but I didnt see it.

How about setup an AUTO term deposit for all incoming ROI Coins for a certain wallet address for a personal conditions?

For example. I have 2 addresses in my ROI wallet:
1 and 2. 1 is Used to mining, 2 is used to term Deposits. Its about go to the settings and make AUTO term "ON" or "OFF" with some conditions - TERM DEPOST XXX coins from address 1 for YYY days/weeks/months/years to address 2 when address 1 have the required quantity (for example XXX).

So I can have a plan. When I recieve 100 ROI on my mining address (1) from pool/solo, the wallet automaticaly (if this setting is turned ON) making a term deposit to my deposit address (2) if my wallet is running, so I dont have to do it manualy all the time and forget to deposit the coins.

MAybe its a bit confusing to understand, but I thinks its good.
Of course if its not impossible to realise.