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Author Topic: [ANN][ROI] ROI Coin | CPU Only Solo Mining Hybrid | 15% POS | 593% Term Deposit  (Read 84180 times)
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DisasterFaster
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November 21, 2017, 10:30:30 PM
Last edit: November 21, 2017, 10:44:40 PM by DisasterFaster
 #1121

I just wanted to give a quick update on the upcoming fork:


The problem:
We worked very hard to produce flawless code but frankly we missed the mark. We did extensive beta testing prior to launch and were unable to discover any issues with the coin. However, after monitoring ROI Coin since launch it has been determined that we had a bit of code that was causing an unintended result and that is that term deposit interest is not holding flat but ever increasing block by block.

The solution:
We have already modified the code and done preliminary testing and everything looks great.

What to expect:
  • The new wallet release will still have the original target payout interest amounts for term deposits.
  • The POS standard APR will be increased
  • Term deposits completed before the fork will pay out at the incorrect increased rates
  • Term deposits in process after the fork will adjust to the new corrected rates
  • The new wallet will be available prior to the fork and will provide a seamless move to the new code
  • No other changes are being implemented at the fork to reduce the possibility of issues

When will the fork happen:
Obviously we are going to do extensive testing on a test-net before release. Currently we anticipate the fork to occur within the next two weeks assuming we don't discover any issues.

Feedback:
We desire to be completely transparent and are also happy to address any questions or concerns that you might have. Just quote this post and we will do our best to respond quickly.


EDIT>> Power User Hint:
Term deposit your coins for less than two weeks and capture these increased term deposit rates while you can. Very soon they will go away and never be available again!







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rohitm
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November 21, 2017, 11:04:08 PM
 #1122

I just wanted to give a quick update on the upcoming fork:


The problem:
We worked very hard to produce flawless code but frankly we missed the mark. We did extensive beta testing prior to launch and were unable to discover any issues with the coin. However, after monitoring ROI Coin since launch it has been determined that we had a bit of code that was causing an unintended result and that is that term deposit interest is not holding flat but ever increasing block by block.

The solution:
We have already modified the code and done preliminary testing and everything looks great.

What to expect:
  • The new wallet release will still have the original target payout interest amounts for term deposits.
  • The POS standard APR will be increased
  • Term deposits completed before the fork will pay out at the incorrect increased rates
  • Term deposits in process after the fork will adjust to the new corrected rates
  • The new wallet will be available prior to the fork and will provide a seamless move to the new code
  • No other changes are being implemented at the fork to reduce the possibility of issues

When will the fork happen:
Obviously we are going to do extensive testing on a test-net before release. Currently we anticipate the fork to occur within the next two weeks assuming we don't discover any issues.

Feedback:
We desire to be completely transparent and are also happy to address any questions or concerns that you might have. Just quote this post and we will do our best to respond quickly.


EDIT>> Power User Hint:
Term deposit your coins for less than two weeks and capture these increased term deposit rates while you can. Very soon they will go away and never be available again!








Awesome! Thanks for keeping us posted and for sharing that tip!! Wink
Blockhunter
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November 21, 2017, 11:21:02 PM
 #1123

Wow! Big win for the early term deposits

http://www.itopshop.net/ online shop- bitcoin accepted! Mining accessories ~ Hardware ~ cables ~Fans ext.
dekoedoemoe
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November 21, 2017, 11:48:07 PM
 #1124

Hmmm after rereading the complete ANN you get a big contradiction (or I see it wrong, not a newbie miner but new to exotic pools in a way).

There is too few mining power to get the donation really working (I know MIDAS it's fault and the checkup) and NH is killing our mining pool.
If you combine these "stories" my conclusion is that we need more then NH haspower to get the coin really going and leave NH as it is.
The outcome for the miners goes down yes but what are we mining if the coins intentions can't be upheld ?
I can provide more hashpower, but nerved it down because of the complaints earlier on and this makes me confused.

So MIDAS calculates a formula to determine the difficulty based on the average hashrate. With NH linked we get differential averages.
Why is it bad for the miners ? As the coin needs a certain hashrate to survive you need 24/7 miners, which NH aint doing, MIDAS reacts and the difficulties go up and down and yes they do, I can see that in my transaction log for payouts and that's just random and my hashrating is for a week the same.
I checked NH out and they don't have a farm linked to this coin as their "minersoftware" doesn't support HODL. They give the option to buy hashrate which can be pointed here if you choose the HODL algo. And it's so low that you can ignore it... 13KH combined hashpower EU + USA server which are around 70 miners.
So somebody is paying NH to mine here. In a way the discussion which was held, comes down to you are not allowed to buy cloud hash or have a good system to be able to mine here? Is it me but isn't the problem situated in the bad hardware ppl are using ?
So please explain why I nerfed my hashrate down ?

How much NH hash were you using before and how much are you using now? Do you know how much BTC it was costing you to mine 1 ROI coin using NH? I just checked the network rate at 130,000 hash so mining should be easy. I turned off my 30 miners here so people could mine more coins easier...

I had 110 Kh/s, now around 700h/s. I will wait until after the fork to enable a bit more and don't get me wrong I allready have alot of coins and am not whining about it. Just trying to understand the logic as I thought the cluster would solve the lower cpu issues.
It costs 0.0001 BTC/Kh/day (around 800ROI a day with current difficulty, little maths = 13 satoshi for 1 coin) according to latest marketprice but you need to invest 0.005 BTC atleast so that's an order of approx 10-11 days mining. With this said and calculated alot of ppl are going to put orders now on NH as you gain after 11 days a major profit if you get your coins sold at 1000 satoshi. (doing this to get the price up alot on NH and make the mining outcome break as your order is too low for the miners to follow)
Blue9999
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November 21, 2017, 11:51:04 PM
 #1125

I just wanted to give a quick update on the upcoming fork:


The problem:
We worked very hard to produce flawless code but frankly we missed the mark. We did extensive beta testing prior to launch and were unable to discover any issues with the coin. However, after monitoring ROI Coin since launch it has been determined that we had a bit of code that was causing an unintended result and that is that term deposit interest is not holding flat but ever increasing block by block.

The solution:
We have already modified the code and done preliminary testing and everything looks great.

What to expect:
  • The new wallet release will still have the original target payout interest amounts for term deposits.
  • The POS standard APR will be increased
  • Term deposits completed before the fork will pay out at the incorrect increased rates
  • Term deposits in process after the fork will adjust to the new corrected rates
  • The new wallet will be available prior to the fork and will provide a seamless move to the new code
  • No other changes are being implemented at the fork to reduce the possibility of issues

When will the fork happen:
Obviously we are going to do extensive testing on a test-net before release. Currently we anticipate the fork to occur within the next two weeks assuming we don't discover any issues.

Feedback:
We desire to be completely transparent and are also happy to address any questions or concerns that you might have. Just quote this post and we will do our best to respond quickly.


EDIT>> Power User Hint:
Term deposit your coins for less than two weeks and capture these increased term deposit rates while you can. Very soon they will go away and never be available again!








Awesome! Thanks for keeping us posted and for sharing that tip!! Wink

Thanks for your hard work Smiley

Btw will these affect my already 1 year deposited coins ? and what about this two week term deposit thing ?
Dastrike351
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Hello World!


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November 22, 2017, 01:11:40 AM
 #1126

What are your hash/s?

190 - FX 8350
290 - E3-1231 V3

DisasterFaster
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November 22, 2017, 02:29:29 AM
 #1127

I just wanted to give a quick update on the upcoming fork:


The problem:
We worked very hard to produce flawless code but frankly we missed the mark. We did extensive beta testing prior to launch and were unable to discover any issues with the coin. However, after monitoring ROI Coin since launch it has been determined that we had a bit of code that was causing an unintended result and that is that term deposit interest is not holding flat but ever increasing block by block.

The solution:
We have already modified the code and done preliminary testing and everything looks great.

What to expect:
  • The new wallet release will still have the original target payout interest amounts for term deposits.
  • The POS standard APR will be increased
  • Term deposits completed before the fork will pay out at the incorrect increased rates
  • Term deposits in process after the fork will adjust to the new corrected rates
  • The new wallet will be available prior to the fork and will provide a seamless move to the new code
  • No other changes are being implemented at the fork to reduce the possibility of issues

When will the fork happen:
Obviously we are going to do extensive testing on a test-net before release. Currently we anticipate the fork to occur within the next two weeks assuming we don't discover any issues.

Feedback:
We desire to be completely transparent and are also happy to address any questions or concerns that you might have. Just quote this post and we will do our best to respond quickly.


EDIT>> Power User Hint:
Term deposit your coins for less than two weeks and capture these increased term deposit rates while you can. Very soon they will go away and never be available again!








Awesome! Thanks for keeping us posted and for sharing that tip!! Wink

Thanks for your hard work Smiley

Btw will these affect my already 1 year deposited coins ? and what about this two week term deposit thing ?

Yes your 1 year deposit that is still in process at the fork will not yield the incorrect increased rate but rather will revert to the correct rate...

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November 22, 2017, 05:36:13 AM
 #1128

Pre-ANN

BLACK FRIDAY



 Grin Grin
Alexey Sukharev
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November 22, 2017, 07:39:51 AM
 #1129


EDIT>> Power User Hint:
Term deposit your coins for less than two weeks and capture these increased term deposit rates while you can. Very soon they will go away and never be available again!


So what should I do?
For exmaple. I want to deposit 500 coins for 2 weeks. When fork will happened the rates will be changed? For example 10 days of 600% rate, then 4 days with 400% rate. Right?
Alexey Sukharev
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November 22, 2017, 08:28:31 AM
 #1130

the term deposit need address?
where to get that address?

Click on the Receive at the top
Type in a label - you can leave the amount blank if you want
Now click the Request Payment button

A window pops up and click the Copy Address button
Now click the close button and close the popup

Click on Deposit at the top
Paste the address you copied in the previous step into the Deposit Address box
Enter the amount of coins you want to deposit
Decide whether or not you want to deduct the fee from the amount and check or don't check that box
Choose the amount of time you want to term deposit the coin
At the bottom left click the Deposit ROI button

A popup will tell you all the details of your term deposit so you can review it
If it looks good click Yes and finish up the term deposit

Now on the overview tab it will appear in the bottom section with all the details

Let me know if you have any questions or run into any problems.


Add this post to OP please! I searched it for a lot of time. ^_^
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AGw8H3S73qpR6fecRUr5dYUpwvcvMeQfbL


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November 22, 2017, 08:29:45 AM
 #1131


EDIT>> Power User Hint:
Term deposit your coins for less than two weeks and capture these increased term deposit rates while you can. Very soon they will go away and never be available again!


So what should I do?
For exmaple. I want to deposit 500 coins for 2 weeks. When fork will happened the rates will be changed? For example 10 days of 600% rate, then 4 days with 400% rate. Right?

I don't know if I understand it correctly, but all current term deposit will pay at incorrect rate even it is a 12 months terms. So, new correct rate will be available once the fork is ready in next 2 weeks.



 █████  ██      ████████  ██████  ██████  ███    ███ ███    ███ ██    ██ ███    ██ ██ ████████ ██    ██      ██████  ██████  ██ ███    ██
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 ANN  BOUNTY  SONOHUB  eSPORTS  WEBWALLET 
skyfall3984
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November 22, 2017, 08:40:07 AM
 #1132


EDIT>> Power User Hint:
Term deposit your coins for less than two weeks and capture these increased term deposit rates while you can. Very soon they will go away and never be available again!


So what should I do?
For exmaple. I want to deposit 500 coins for 2 weeks. When fork will happened the rates will be changed? For example 10 days of 600% rate, then 4 days with 400% rate. Right?

I don't know if I understand it correctly, but all current term deposit will pay at incorrect rate even it is a 12 months terms. So, new correct rate will be available once the fork is ready in next 2 weeks.
I am too, I set 12 month term but it's appear about 15 month
skeletounek
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November 22, 2017, 08:46:04 AM
 #1133

What is the main purpose of this coin? I don't see any usage except gathering coins from high percents of deposit and decreasing coin value because there is no block halving and no plans for the future.
Sikkan666
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November 22, 2017, 08:49:39 AM
 #1134

So what do I have to do with all my term deposit coins? all coins are set to between 1-12 months and will not be avaiable before fork.. Sad
CryptoMarv
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November 22, 2017, 08:54:51 AM
 #1135


EDIT>> Power User Hint:
Term deposit your coins for less than two weeks and capture these increased term deposit rates while you can. Very soon they will go away and never be available again!


So what should I do?
For exmaple. I want to deposit 500 coins for 2 weeks. When fork will happened the rates will be changed? For example 10 days of 600% rate, then 4 days with 400% rate. Right?

I don't know if I understand it correctly, but all current term deposit will pay at incorrect rate even it is a 12 months terms. So, new correct rate will be available once the fork is ready in next 2 weeks.
I am too, I set 12 month term but it's appear about 15 month
This is another "problem". At the moment too few blocks are found each day. So the expected date in the wallet is more than 12 month for a 12month deposit. If the number of blocks per day will increase the date will change. But this has nothing to do with the fork.
CryptoMarv
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November 22, 2017, 08:57:08 AM
 #1136

So what do I have to do with all my term deposit coins? all coins are set to between 1-12 months and will not be avaiable before fork.. Sad

Nothing to do for you, I think. Just wait for the fork. All deposits are still in the wallet after the folk. But then with correct interest.
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November 22, 2017, 09:02:05 AM
 #1137


EDIT>> Power User Hint:
Term deposit your coins for less than two weeks and capture these increased term deposit rates while you can. Very soon they will go away and never be available again!


So what should I do?
For exmaple. I want to deposit 500 coins for 2 weeks. When fork will happened the rates will be changed? For example 10 days of 600% rate, then 4 days with 400% rate. Right?

I don't know if I understand it correctly, but all current term deposit will pay at incorrect rate even it is a 12 months terms. So, new correct rate will be available once the fork is ready in next 2 weeks.

In my opinion the term deposits which are not finished before the fork (for example 12 month deposits) will have the new correct rates after the fork:
"Term deposits in process after the fork will adjust to the new corrected rates"
Retaliator
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November 22, 2017, 09:24:30 AM
 #1138

Pool is down?
Alexey Sukharev
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November 22, 2017, 09:41:06 AM
 #1139

Кaкoй тyт coлo мaйнинг? aйcxaчём кyчy нapытo - cкaм пoлнeйший.
WTF with solo mining here? A tons are mined with NiceHash - Alexeys translation.
Пoчeмy cpaзy cкaм ecли ктo-тo иcпoльзoвaл HaйcXэш? Пoдкинь тoжe мoщи нa нaйcxэш. Taм чeлoвeк ввepxy пиcaл, чтo oн 110КXэш дeлaл нaйcoм. Зa cвoи дeньги, мeждy пpoчим.

Thats not scam, why? Anyone can use NiceHash.
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November 22, 2017, 09:59:14 AM
 #1140

Pool is down?

My miner is running well on the pool at the moment.
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