[ANN][ROI] ROI Coin | CPU Only Solo Mining | 15% POS | 18.07% Term Deposit

[andronikos]

{
"blocks" : 1920,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00154126,
"errors" : "WARNING: check your network connection, 71 blocks received in the last 4 hours (120 expected)",
"genproclimit" : -1,
"networkhashps" : 70843,
"pooledtx" : 0,
"testnet" : false,
"chain" : "main",
"generate" : false,
"hashespersec" : 590
}

why would it show this?

[andronikos]

{
"blocks" : 1925,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00154126,
"errors" : "WARNING: check your network connection, 71 blocks received in the last 4 hours (120 expected)",
"genproclimit" : -1,
"networkhashps" : 71764,
"pooledtx" : 0,
"testnet" : false,
"chain" : "main",
"generate" : true,
"hashespersec" : 563

[Cryptosapiens]

Hello folks :-)

..........

EDIT: It seems that things arent't as simple as I thought. Even with -minermemory=1 and -genproclimit=1 my old i7-3630qm utilizes all four cores to 100%

Hello.

Mining with the wallet grinds my computer to a halt an is very inefficient.

See my post above and start mining with a third party miner. I can still use my pc for simple tasks like browsing and get a lot more H/s

[rohitm]

{
"blocks" : 1920,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00154126,
"errors" : "WARNING: check your network connection, 71 blocks received in the last 4 hours (120 expected)",
"genproclimit" : -1,
"networkhashps" : 70843,
"pooledtx" : 0,
"testnet" : false,
"chain" : "main",
"generate" : false,
"hashespersec" : 590
}

why would it show this?

The MIDAS difficulty adjustment is moving the difficulty level up or down every 20 minutes or so based on network stats. No worry on that error it's just a result of swings in the total network hashrate and ongoing difficulty adjustments.

As posted by ROICoin mods on their forum: https://roi-coin.com/forum/topic/2

[Plainkoin]

{
"blocks" : 1920,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00154126,
"errors" : "WARNING: check your network connection, 71 blocks received in the last 4 hours (120 expected)",
"genproclimit" : -1,
"networkhashps" : 70843,
"pooledtx" : 0,
"testnet" : false,
"chain" : "main",
"generate" : false,
"hashespersec" : 590
}

why would it show this?

Hello andronikos,

This will happen from time to time as MIDAS adjusts to abrupt changes in the net hash rates.  Once the network stabilizes, it will slowly come back into alignment.

For example, the MIDAS adjustment has actually been holding the block chain back as hashrate was continuing to grow so fast the last few days.  At last check, it is behind by about 100 blocks for a 24 hour period.  This is a protection mechanism, which prevents whales from coming in, scooping 2 weeks of coins in a day, then leaving the coin high and dry with no transactions for weeks.

I highly suspect with the dramatic fall off in hash from the pool, the difficulty adjustments as the net averages our and blocks will start flowing closer to its 2 minute time.  However, when the pool comes back up, there will be a similar behavior of pulling the reigns in by upping the difficultly.  So why you ask, just because a pool hashrate dropped off?  The difficulty adjustment, prevents another type of attack.  That is, whales that will come in and swing the difficulty.  i.e. hit when low, then leave once high again.

As the network continues to grow, we fully expect to see these fluctuations.  The day will come with the overall net hash rate evens out and blocks will flow more evenly.

I hope this answers your question.  If not, let me know...

[Cryptosapiens]

Pool is down! He steal our coins! No payment, no stats, no workers!
Another scam and dead coin!!!

Hello,


 .......I believe the pool operator to be an honorable person and he has done a great service by starting one of the first pools for ROI. .......

I believe it too, the pool may be offline for miners, but I'm receiving every coin I mined previously.

[andronikos]

Noted with thank you

[jerry3k5jamiso1]

What are your plans, upcoming update  Future plans will include additional exchange platforms: coinexchange or yobit and cryptopia exchange

[ZiGgYman]

It seems that 6% premine of total coin suply makes it 99% of current coin suply!?!

[Thebestis7950]

yeah pre mine is too high
most it of needs to be given away in airdrops
to stand any chance of getting anywhere

[Resar]

I believe it too, the pool may be offline for miners, but I'm receiving every coin I mined previously.

Don't get me wrong, I don't think this pool is any kind of scam. I suspect it's just a case of the pool being overwheled by the sudden influx of traffic and that the pool operator will have that sorted out soon enough.

As for payments, I don't know but again it's obviously a problem and not a scam because some people have received payments, while others (including myself) have not.

[Resar]

yeah pre mine is too high
most it of needs to be given away in airdrops
to stand any chance of getting anywhere

A 6% premine isn't really that high. There are devolpment, listing and marketing costs (including airdrops) that need to be paid.

[ZiGgYman]

yeah pre mine is too high
most it of needs to be given away in airdrops
to stand any chance of getting anywhere

IMHO most of premine coins should be locked and plan of premine use with dates of releasmet should be given.

[ZiGgYman]

yeah pre mine is too high
most it of needs to be given away in airdrops
to stand any chance of getting anywhere

A 6% premine isn't really that high. There are devolpment, listing and marketing costs (including airdrops) that need to be paid.

I agree that 6% premine is not that much but currently that 6% is actually 99%

[Plainkoin]

What are your plans, upcoming update  Future plans will include additional exchange platforms: coinexchange or yobit and cryptopia exchange

Hello Jerry (love that name, was my Grandfathers).

I can not speak to exchanges.  DisasterFaster is handling that aspect, working with the exchanges, requirements, submissions and fees...  It's a lot work.  If you read back a few pages, the last update included a listing of exchanges he is currently engaged with.  He will definitely be back, updating the community with each new communication and confirmation.

If you are asking about the technology behind ROIcoin.  Our goal is to keep non-emergency updates to releases every 3-6 months.  These will usually also include security enhancements that do not affect the blockchain.  Please keep in mind, 3 to 6 months is a blink for a 30 year mining period.  And the coin will continue on long after with POS and term deposits.

ROIcoin is built on Bitcore 13 (and yes a cousin of Hodl).  The next gen wallet goals include updating the chassis with Bitcore 15, to include many new blockchain features that will be a standard on future coins. I also want to look into optimizing the internal miner...  Which we are already sketching out some ideas on how to proceed as well as include controls for the flags within the interface.  The HOdl pattern search algo has proven itself across many coins to be resistant to GPUs, unless that changes, there will always be a little fur in the code.  MIDAS has a solid reputation and performs wonderfully...  However, if we can smooth it a tad, to get the blockchain to flow a little more clock like, while maintaining its security, that is something I would also like to attend to.

As the community continues to grow and technology changes, we want to hear suggestions for how the coin should evolve. What would make it more user friendly?  Moving the coin to the next level from just a mined and market asset to a usable token with purchase power for goods and services.  A small hint of this is occurring on the home site, as we are working on web based applications/portals for the buying and selling of goods on the site, using ROIcoin.  There are many aspects of this with DisasterFaster is better qualified to address, if needed.  These and other features will require the development and testing of new code to make the desired features work both in the coin and on web based platforms.

At this time, we want to minimize forking the coin with unimportant changes.  The primary focus has been to build a solid coin from the start, build out the infrastructure, marketing, and so on...  Once we have stabilized the net hash and all other systems are stable with a growing and engaged community here and building value on the exchanges and achieving a stable price.  We can then turn our attention back to coin and developing the new tech, which will take ROIcoin to the next level.

Probably more than you wanted to hear.  

[HodlOrava]

What are these 35 million and 5 million adresses?
http://45.76.246.101:3001/richlist

Has someone bought over 100 kH/s hashing power from NiceHash at the beginning and mined like a mad man?

It doesn't look very distributed. My hashing power is ~300 H/s. Pool reported that this would be equivalent of ~500 coins per day. It would take almost 200 years to mine 35 million

If the algorithm had been changed you wouldn't have been able to buy Hodlcoin hashing power from NiceHash.

[Phash2k]

i can*t mine to the pool today

yesterday it was working fine:
hodlminer.exe -o stratum+tcp://coinspool.cu.cc:7802 -u RSfJ6bx6ckQ9kYNnXNxzB78ijCf4e1wSad -p x
and
hodlminer.exe -o stratum+tcp://coinspool.cu.cc:3042 -u RSfJ6bx6ckQ9kYNnXNxzB78ijCf4e1wSad -p x

[2017-11-08 20:14:02] Starting Stratum on stratum+tcp://coinspool.cu.cc:3042
[2017-11-08 20:14:02] 8 miner threads started, using 'hodl' algorithm.
[2017-11-08 20:14:02] Binding thread 2 to cpu 2
[2017-11-08 20:14:02] Binding thread 5 to cpu 5
[2017-11-08 20:14:02] Binding thread 7 to cpu 7
[2017-11-08 20:14:02] Binding thread 6 to cpu 6
[2017-11-08 20:14:02] Binding thread 4 to cpu 4
[2017-11-08 20:14:02] Binding thread 1 to cpu 1
[2017-11-08 20:14:02] Binding thread 3 to cpu 3
[2017-11-08 20:14:02] Binding thread 0 to cpu 0
[2017-11-08 20:14:23] Stratum connection failed: Failed to connect to coinspool.cu.cc port 3042: Timed out
[2017-11-08 20:14:23] ...retry after 30 seconds

[Plainkoin]

yeah pre mine is too high
most it of needs to be given away in airdrops
to stand any chance of getting anywhere

IMHO most of premine coins should be locked and plan of premine use with dates of releasmet should be given.

Yes, in fact a large portion of the coins have been locked, and once matured, will likely be locked again. To address your concern as well as someone else's question about why there were multiple addresses with values of 1 million each.  That I believe was 4 or 5 wallets, with the balances locked up, just using a new receiving address on each locked deposit for auditing purposes in the future.

While we have the backing of our investor, he too is in no rush to get his money back out.  The community and letting it grow organically, including the coin base on the exchanges will be coming from miners and other means of faucets, etc, to grow the coin base.  Once there is market equilibrium and miners balances are climbing, the investor will be paid back by slowly bleeding the coins into the exchanges.  He too wants a healthy and long lasting coin.  We were very fortunate to find a backer, that was not in a rush like your typical VC types for a payday.

To "state" a release date would be premature at this time.  We want to see a strong market place with good coin value and large trading volume by investors.  Why?  Scarcity drives demand and demand drives price.  This is also why there is no halving on mining rewards for the life of the coin.  We want you to make money on this coin, as well as miners who come aboard 5-10 years down the road.  If you can make $120 a day off one block, at $1 a coin, we want that for you.

I don't know if you would call it a slush fund, eventually but slowly, it has to be paid back to the investor by term depositing to earn it back.  In the meantime, at the discretion of the dev team (meaning we don't have to ask permission from the investor), premine is also being used to pay bounties for services (listed a few pages back) by interested parties.  As also mentioned in previous posts, plans are in the works for faucets and other legitimate ways to get more coins out into circulation.

Regarding bounties already paid out...  DisasterFaster does post them on payout.  But your suggestion is a good one.  Maintaining a list of pay outs and future faucets, etc...  I will bring this up to the web dev and the rest of the team...  Maybe an audit page of sorts?

[DisasterFaster]

Regarding bounties already paid out...  DisasterFaster does post them on payout.  But your suggestion is a good one.  Maintaining a list of pay outs and future faucets, etc...  I will bring this up to the web dev and the rest of the team...  Maybe an audit page of sorts?

Already working on that. I'm putting together a spreadsheet to track expenditures whether BTC or ROI disbursements and whether dev expense, marketing expense, bounty etc.

Once that's compiled and current I am going to add a section to the ANN and website About page that will be called "Transparency." The transparency section will be kept updated and will give you a way to track and or have a glimpse at where the BTC & ROI went.

There's nothing to hide here and the community is more than welcome to be aware of all the details.

[rohitm]

The pool is back up now with over 220 kH/s - not sure if poor guys with 200 - 300 H/s will get anything!

DisasterFaster/ Plainkoin - is there a way to validate if all this power is coming from legit sources? Also do we want to restrict using mining services like NiceHash or others to make the coin accessible to the laymen and keep it decentralized?