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greenhope
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December 04, 2017, 11:01:22 PM |
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For the new wallet.
Is staking default or staking=1 necessary on conf file?
How can I know my wallet is staking?
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No Gods or Kings. Only Bitcoin
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DisasterFaster (OP)
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December 04, 2017, 11:49:20 PM |
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For the new wallet.
Is staking default or staking=1 necessary on conf file?
How can I know my wallet is staking?
Staking and term deposits are default on the old wallet and the new wallet. The code is designed that way. You do not need to do anything. If you have some coins in your wallet they will stake every block of the blockchain (approximately 2 minutes) and they will stake if your wallet is online or if your wallet is offline and they will stake if your wallet is locked or unlocked. If you have had other staking coins you will quickly see that ROI is very different. Each wallet whether it has 1 coin or 1 billion coins and whether it is online or offline and whether it is locked or unlocked will stake exactly the same each and every time the blockchain spits out the next block. If you have your wallet running and you watch your available balance you will see it increase every two minutes or so and every time the blockchain processes the next block... |
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DisasterFaster (OP)
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December 05, 2017, 02:49:47 AM
Last edit: December 05, 2017, 03:10:46 AM by DisasterFaster |
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Important Announcement:As you are probably aware ROI Coin is listed at CoinsMarkets Exchange. Also, you should already be aware that we are pending a hard fork at block 25,000 which should occur on or around December 15th. Some of you may have coins at the exchange and others of you may be considering buying or selling coins at the exchange. We have already submitted the newest wallet release to the exchange and they have already compiled it and have it running as of now with no issues. Mind you I just sent them an email and within just a few hours they had this completely taken care of. Hats off to CoinsMarkets for doing a super terrific and very fast job on this. I am very pleased with how they handled our fork on their end. What this means is this is yet another step that is on our way to what we hope to be the most boring fork in the history of cryptocurrency. You can feel free to keep coins at this exchange or buy and or sell coins at this exchange before during and after the fork with no issues. We have worked very hard to provide a fork that is focused on the needs of the community and in that mindset we want to move pre-fork/fork/post-fork smoothly and with no interruption to your mining, staking, term-depositing and exchange activities. Even the wallet update has been focused with the intent of click-click and you're done. No re-syncing the block chain, no wallet zapping, or any of that. You should be able to overwrite your existing wallet with the new one with no technical skill or special techniques required. We do however always recommend that you create a fresh wallet.dat backup just to be on the safe side. If you have any questions, comments or suggestions I would love to hear them. Thank you for your patience and as always your interest and participation in this coin is very much appreciated. ROI Coin is focused and revolves around it's community because without a community a coin is nothing.
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CryptoMarv
Member
 Offline
Activity: 154
Merit: 22
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December 05, 2017, 07:33:57 AM |
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Thank you for your hard work and new wallet! We only get ~600 blocks per day instead of 720, so I think block 25000 will be reached on 17.12./18.12. Or am I wrong? Are there any changes with the fork (on MIDAS or something else) to increase the block finding per day? We still find only 80% of expected blocks per day since coin has startet. |
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Alexey Sukharev
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December 05, 2017, 08:13:08 AM |
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Mining on Cluster for 2 days. No coins yet. T_T
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biblioteczny
Newbie
Offline
Activity: 28
Merit: 0
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December 05, 2017, 10:06:46 AM |
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Mining on Cluster for 2 days. No coins yet. T_T
It's the same with me. I have 400 h/s, so I should hit 2 block per day. Should I mine to the wallet address or can I just mine to my exchange address? |
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Dastrike351
Member
Offline
Activity: 160
Merit: 10
Hello World!
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December 05, 2017, 10:40:07 AM |
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What will happen if i have a wallet that I cannot update before the fork, I only use it to send some term deposit coin, its ok if I update after?
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DisasterFaster (OP)
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December 05, 2017, 10:44:13 AM |
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Thank you for your hard work and new wallet! We only get ~600 blocks per day instead of 720, so I think block 25000 will be reached on 17.12./18.12. Or am I wrong? Are there any changes with the fork (on MIDAS or something else) to increase the block finding per day? We still find only 80% of expected blocks per day since coin has startet. The estimated date will likely be off a bit because of the explanation you gave. We didn't modify the MIDAS algo in this update but I can't predict exactly how many blocks the chain will spit out per day. We have made a higher staking APR as compared to the original target goal and this will help some with the block count being slower. If the chain continues to run at 80% even with the network hash staying at a steady rate we will take a look at the algo and see how that can be adjusted. |
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DisasterFaster (OP)
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December 05, 2017, 10:45:06 AM |
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What will happen if i have a wallet that I cannot update before the fork, I only use it to send some term deposit coin, its ok if I update after?
If your wallet is not updated at the time of the fork you will be banned from the network. You won't be able to mine, send or receive coins. Your existing coins will be fine and you won't lose them. |
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Kleo-kripto
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December 05, 2017, 11:12:03 AM |
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I would like to buy your coin, but do not know how to synchronize the block chain? Never engaged in mining.
In general, the coin seems very attractive for investment. The price will definitely grow.
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DisasterFaster (OP)
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December 05, 2017, 11:12:54 AM |
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I would like to buy your coin, but do not know how to synchronize the block chain? Never engaged in mining.
In general, the coin seems very attractive for investment. The price will definitely grow.
If you install the wallet and just open it and let it run it should synchronize automatically fairly quickly... |
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Resar
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December 05, 2017, 11:21:29 AM |
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Thank you for your hard work and new wallet! We only get ~600 blocks per day instead of 720, so I think block 25000 will be reached on 17.12./18.12. Or am I wrong? Are there any changes with the fork (on MIDAS or something else) to increase the block finding per day? We still find only 80% of expected blocks per day since coin has startet. The estimated date will likely be off a bit because of the explanation you gave. We didn't modify the MIDAS algo in this update but I can't predict exactly how many blocks the chain will spit out per day. We have made a higher staking APR as compared to the original target goal and this will help some with the block count being slower. If the chain continues to run at 80% even with the network hash staying at a steady rate we will take a look at the algo and see how that can be adjusted. Looks like the blockchain has sped up a bit. I had term deposit due to mature on the 7 th Dec and it's just changed it's maturity date to the 6 th. |
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Teknick
Newbie
Offline
Activity: 19
Merit: 0
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December 05, 2017, 12:06:21 PM |
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What will happen if i have a wallet that I cannot update before the fork, I only use it to send some term deposit coin, its ok if I update after?
If your wallet is not updated at the time of the fork you will be banned from the network. You won't be able to mine, send or receive coins. Your existing coins will be fine and you won't lose them. Hi, So I have around 15 machines mining ROI at the moment and they all run their own wallets for mining and then payout to a centralised wallet. I will be away for a while and am just worried about this banned notion. Exactly when should we be updating our wallets and is it enough to update the central wallet which holds all the mined coins? thanks |
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cryptoRX
Member
Offline
Activity: 196
Merit: 12
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December 05, 2017, 12:49:14 PM |
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What will happen if i have a wallet that I cannot update before the fork, I only use it to send some term deposit coin, its ok if I update after?
If your wallet is not updated at the time of the fork you will be banned from the network. You won't be able to mine, send or receive coins. Your existing coins will be fine and you won't lose them. Hi, So I have around 15 machines mining ROI at the moment and they all run their own wallets for mining and then payout to a centralised wallet. I will be away for a while and am just worried about this banned notion. Exactly when should we be updating our wallets and is it enough to update the central wallet which holds all the mined coins? thanks From what I gather, if your wallet isn't updated at the time of the fork, it would be on the old network so if your 15 machines are connected and mining on the old wallet, you will basically be creating your own chain. Any blocks you mined on the old wallets after the fork would be invalid. |
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DisasterFaster (OP)
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December 05, 2017, 12:52:16 PM |
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What will happen if i have a wallet that I cannot update before the fork, I only use it to send some term deposit coin, its ok if I update after?
If your wallet is not updated at the time of the fork you will be banned from the network. You won't be able to mine, send or receive coins. Your existing coins will be fine and you won't lose them. Hi, So I have around 15 machines mining ROI at the moment and they all run their own wallets for mining and then payout to a centralised wallet. I will be away for a while and am just worried about this banned notion. Exactly when should we be updating our wallets and is it enough to update the central wallet which holds all the mined coins? thanks From what I gather, if your wallet isn't updated at the time of the fork, it would be on the old network so if your 15 machines are connected and mining on the old wallet, you will basically be creating your own chain. Any blocks you mined on the old wallets after the fork would be invalid. 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. |
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seasonw
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December 05, 2017, 01:10:57 PM |
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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. |
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DisasterFaster (OP)
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December 05, 2017, 01:12:49 PM |
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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. 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. |
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Melfyce
Newbie
Offline
Activity: 31
Merit: 0
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December 05, 2017, 01:55:56 PM |
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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
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DisasterFaster (OP)
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December 05, 2017, 01:58:21 PM |
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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
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! |
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altrego
Newbie
Offline
Activity: 36
Merit: 0
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December 05, 2017, 02:11:00 PM |
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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. 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. 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. |
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