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

[rohitm]

Is it better to mine solo or use the pool if I have about 350 h/s power? Thoughts from the group?

[1713542517]

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[1713542517]

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[1713542517]

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[DisasterFaster]

You just expressed a very concise and clear description in your tread. Don't apologize for questions. A lot goes into a coin and you have a vested interest to know what you're getting into. The more you understand the coin the more you will love or hate it but either way knowledge is power. I'm neck deep in this coin and don't mind supporting it with whatever info I can offer. I don't know everything but if I can't answer a question I'll work to get an answer and if I answer something wrong I'll learn from that which is all good. Frankly, I'm totally blown away with what I"ve seen happen since going live Sunday morning wow...
@DisasterFaster thanks. That was surprisingly clear and concise given the length of your reply   

So technically, the difference in interest rate is similar to the discrepancy in maturation date. Basically, it is an artefact caused by the code aka algo seeing the blockchain in terms of blocks while we as humans see it or rather, understand it, in terms of time.

Thanks once again. And my apologies for having so many questions. I am naturally curious and have a tendency to want to get to the root of things 

You just expressed a very concise and clear description in your tread. Don't apologize for questions. A lot goes into a coin and you have a vested interest to know what you're getting into. The more you understand the coin the more you will love or hate it but either way knowledge is power. I'm neck deep in this coin and don't mind supporting it with whatever info I can offer. I don't know everything but if I can't answer a question I'll work to get an answer and if I answer something wrong I'll learn from that which is all good. Frankly, I'm totally blown away with what I've seen happen since going live Sunday morning wow...

[DisasterFaster]

@DisasterFaster

coinspool.cu.cc seems to be completely stable again and work stats are showing pending balances.

That sounds great! I had good vibes with the pool dev from the very beginning. You know I've trusted people at BTC and have sent hunks of BTC to people I didn't even know. So far I've never been burned or scammed once. However plenty of people have been in on very bad experiences with crypto and I understand skepticism and caution.

The dev team pool discussion ended up with we would like to see about 3 or possibly more independent pools and an in house pool based at our website. All of that is in the works as I type. If anyone has suggestions on this I'd love to hear it.

[DisasterFaster]

Is it better to mine solo or use the pool if I have about 350 h/s power? Thoughts from the group?

Don't take my opinion as gold it's just my opinion...

With that much hash I would begin trying to solo mine for a day or three. See what happens. I think you can get a block or two a day. If the solo seems okay with you run it until it stops producing.

If your solo mining test run does nothing then by all means jump in the pool!

[HodlOrava]

Is it better to mine solo or use the pool if I have about 350 h/s power? Thoughts from the group?

If runnign hodlminer.exe gives higher hash rate than wallet use the pool.
https://github.com/madzebra/hodlminer-binary/blob/master/hodlminer.exe

Can you guys take the MadZepra bynary, run 'hodlminer.exe --benchmark -q' for 5 minutes and calculate the average hash rate.

I'll add benchmark results to this file http://hodlcoin.oo.fi:8080/cpus/CPU_vs_Hash_rate.xls

[Plainkoin]

Deposits locked and HODL the same pattern, the longer the higher the return, I've started mining, hope to be able to produce generous returns.

I hope you mine a lot of coins and here is an accurate break down of term deposit ROI profits to take a look at:

For a 1 week term deposit 100 coins becomes 102.116 coins for a gain of 2.116 or 2.12%
For a 2 weeks term deposit 100 coins become 104.494 for a gain of 4.494 or 4.49%
For a 3 weeks term deposit 100 coins become 107.127 for a gain of 7.127 or 7.13%
For a 1 month term deposit 100 coins become 110.873 for a gain of 10.873 or 10.87%
For a 3 months term deposit 100 coins become 145.391 for a gain of 45.391 or 45.39%
For a 6 months term deposit 100 coins become 225.05 for a gain of 125.05 or 125.05%
For a 1 year term deposit 100 coins become 526.379 for a gain of 426.379 or 426.38%

Was looking through the posts and it seems nobody brought this up but there is something very strange going on with the term deposits.

I can't post images so I'll just have to spell it out.

I placed a few terms deposits to test out the system. According to my wallet, the 1 week deposit I placed on 8/11 was for a term of 7 days and would mature on 17/11. That's 9 days. Not 7. The 1 year deposit I placed on 8/11 was for a term of 365 days but the maturity date was stated as 20/2/2019. That's 15 months and change.

And to complicate matters, the deposits are offering different terms upon maturity. Same amount deposited on same day and yet the return upon maturation is different. Granted, it is only a 2 coin difference but the rates are definitely not what was stated above. It's more in the region of 500% ++.

Lastly, strange micro-transactions are appearing as received under transaction history but the address(es) do not belong to me and the amounts in these strange transactions are not reflected in my actual balance. Initially, I thought it was the transaction fee for the deposits. However, the amounts do not tally.

Appreciate if the dev or team could check to see if this is a bug and perhaps rectify it?

TLDR:
1) Maturation date of term deposit is displaying or calculated wrongly
2) Unrelated transactions (to other wallets) are appearing under wallet transactions

Dev explained earlier that it's based on blocks and not a set date regarding to 1).

Therefore it Will probably be a bit off depending on how Many blocks are solved at the term deposit time.

Thats my guess atleast but dev can probably give details

Thank you!  You get an A+ for reading the forums.  

Yes, the term deposits are "worded" in time periods.  However, time is governed by the blockchain.  While coded for two minutes, does not run at exactly two minutes.  This is, as pointed out, due to MIDAS and its reactions to the swings in net hash rates.

I believe today is day 5 of the live coin.  Net hash is still climbing, and swinging with the pool issues.  Until the network stabilizes at a consistent hash rate, there will be oscillations in the block frequency.

While "annoying" it is the best protection mechanism that will allow the coin to survive most attacks.  It just does not know the difference between growth, pool swings and such vs. an attack.

To clarify about the blocks vs. time periods.  The algo calculates 2 minutes per block and uses that as the multiplier to give the actual maturation block.  Since it knows, lets say, 5040 blocks is one week of blocks at two minutes each, it stamps that future block as the maturation block, but adjusts the displayed time interval as the block chain slows or speeds up.  Very adaptive. For longer periods of time, you will see this up a day, than back to current day on occasion.

[Plainkoin]

Is it better to mine solo or use the pool if I have about 350 h/s power? Thoughts from the group?

I have a sad box, but it gets free A/C, so it runs at a paltry 80 +/- H/s.  Even with the AES flag... Managed 1 block Wednesday morning.  I leave this box up, so I can get a feel for how the solo mining is going.  I am not discouraged, but it takes patience.

I don't know what kind of streaming income can be achieved from a pool.

I think part of the reason it got lucky is I opened up the box, not as an official Node.  Just opened the FW ports, enabled DMZ port forwarding on the router to the IP of the computer to TCP port 3377, to see what would happen.  So I have a few incoming and outgoing connections processing the chain.  The wallets are setup to find each other.

I do not recommend doing this on any computer that contains data, the port is wide open to the internet.

[minerlai]

We only have 1 pool to mine? it looks like kinda pointless to mine with CPU if people already mining with nice hash.

[Blue9999]

Does anybody knows what is the minimum limit of ROI coin before coinspool pay you ? How much coin you have to mining before they pay you ? 

[Resar]

Does anybody knows what is the minimum limit of ROI coin before coinspool pay you ? How much coin you have to mining before they pay you ? 

It's a 20 ROI minimum payout.

[monalito]

This other altcoin using cpu mining and gpu in wallet  with pool > https://imgur.com/a/EguSn

[hic78]

WARNING

Think twice before mining on http://coinspool.cu.cc

It's been 48 hours now and I still haven't received a payment and the pool operator refuses to reply to messages.

It's your hashing power, so it's your decision but be cautious.

Yes I to have to say there is something not right about this pool.

I started mining it from the word go. I was the 1st miner on the pool to find a block. At the point the pool 1st went down I should have been payed for the next 200+ blocks. I was payed for about 9 of them.

The pool is not the best. But others will come. A friend of mine is working on a new pool. I hope to see it up some time today.

Other pools will be put up in time.

The coin is doing very well indeed to say it has not been out a week.

But all must remember that the Dev team have nothing to do with the running of any pools. They only work on the wallet and daemon so it is no good kicking off at the dev team because somone is putting 200kh on a pool.

However I my self dont know how it works with the pay outs when it takes 360 confirms for a block.

Is it that the website will remember how much hash was put on that block after 361 blocks have passed?
Or is it that the website pays for the block at the time?

With the comment from someone who put 20kh on the pool I can only take it that the amount of hash needs to be constant for 360 blocks or you are just wasting your hash power. Because once your 20kh of nice hash has been used you are not getting payed for the work you did.

Lol I dont know but it may well be a system that keeps NH miners away if they dont get payed for the hash they have done.

Looking at the exchange I have to sit back and say when a coin is hard to get why would you put it on there for pennys? There is allways one dumb ass in 10

There is truth in words.
I'm the one of the three miners in the top, at the moment I got only 76 coins per day.
SCAM POOL!
Here is my address http://45.76.246.101:3001/address/RT6nzFwTYTNqkipMVPmagy7izGo1dFovfF

hello I receive the rewards of the pool

[DisasterFaster]

it looks like kinda pointless to mine with CPU if people already mining with nice hash.

I suppose it depends on your CPU. Yesterday I saw i7 3770's get 0-4 blocks in 24 hours. I also saw i7 6700, Ryzen 1800X and Intel 6950X do even better. I've also noted days where weaker CPU did better than stronger CPU due to the luck factor.

I wouldn't call an i7 3770 a high end item but at the same time many pc's out there have substantially less hashing power than the high 200's it can dish out. I would say maybe something in the range of an i7 3770 might be about the lowest cpu power that could solo mine a block or more a day at the moment. As hash goes even higher this is subject to watch the bar get raised higher.

[cryptoRX]

hello I receive the rewards of the pool

Yeah. Pool's working fine once again and payments are prompt. No issue imo.

And kudos goes to the pool dev for all the hard work.

So thank you @elbandi

[HodlOrava]

it looks like kinda pointless to mine with CPU if people already mining with nice hash.

I suppose it depends on your CPU. Yesterday I saw i7 3770's get 0-4 blocks in 24 hours. I also saw i7 6700, Ryzen 1800X and Intel 6950X do even better. I've also noted days where weaker CPU did better than stronger CPU due to the luck factor.

I wouldn't call an i7 3770 a high end item but at the same time many pc's out there have substantially less hashing power than the high 200's it can dish out. I would say maybe something in the range of an i7 3770 might be about the lowest cpu power that could solo mine a block or more a day at the moment. As hash goes even higher this is subject to watch the bar get raised higher.

And NiceHash is not free. Exchange price and NiceHash price will be leveled.

Report your benchmark results. https://bitcointalk.org/index.php?topic=2361848.msg24303792#msg24303792

[Plainkoin]

We only have 1 pool to mine? it looks like kinda pointless to mine with CPU if people already mining with nice hash.

With an additional dev joining the team, preliminary discussions have started for an in-house pool, tied directly to our home site and will be hosted on a Node to get the best latency.  We want the ability to block large hashers by IP, NiceHash and other similar services and keep the pool focused on smaller hash coin miners.

This will include a no fee mining service, what you mine is what you get. (another example of how premine helps to eventually offset costs)  Larger hashers running 1000 H/s +  may still find it more profitable to solo mine.  There is no way around the 360 confirmations, it is a security function on the coin itself.

This is not to discourage 3rd party pools, but those pools have a vested interest in maximum hashrate.  Which is okay, the way it should be.  Fair market competition.

The task that lays ahead is for us to provide an environment where CPU mining can still be done and will be monitored for abuse.  This can be done by checking the number of connections (wallets) from a single IP address.

This is no guarantee that this pool will be raining blocks.  There are still only 720 blocks (avg.) per day.  But at least it will have some advantages to maximize your CPUs efforts.

We ask for your patience on this, there is a considerable amount to be discussed, coded, and above all, protected to prevent or mitigate attacks on the pool itself.

We will definitely keep every one posted on this project.  But feel free to ask questions or if you have concerns, let us know.  This is a community driven consensus project.

Thank you.

We are grateful for everyone's support, but please remember, we are only 5 days old.  Still much to do.  

[rohitm]

Excellent discussion. Is there any update on other exchanges - Yobit et al? Also any discussions with more mainstream exchanges - Liqui, Binance etc.? We need more promotion for the coin to gain some market traction.

[Andrehush]

maybe its time to even small exchange like coinxchange?

[uslfd]

Bookmarking this, seems interesting thanks.

[Plainkoin]

maybe its time to even small exchange like coinxchange?

Excellent discussion. Is there any update on other exchanges - Yobit et al? Also any discussions with more mainstream exchanges - Liqui, Binance etc.? We need more promotion for the coin to gain some market traction.

Hello...  I did not want you to feel ignored.  DisasterFaster is handling this aspect.  He will likely be back online this evening.  Actually, try to pull him away from a computer and he might bite.

Some of these exchanges just take time to get processed through.  But he can provide real time updates as he gets them...    And maybe post a listing of exchanges submitted to so far vs. online.

Thank you.