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

[DisasterFaster]

I've added a pool for ROI:

https://roi.suprnova.cc

have fun mining !

Wow great news let me get the ann and website updated and also I will announce this at all of our social channels...

Thanks a bunch! 

[zajiczech]

I've added a pool for ROI:

https://roi.suprnova.cc

have fun mining !

Thanks a lot, seems it's working much better than previous pools, almost no "stratum requested work restart" messages. I was getting that message almost after every share from other pools. Hope more people join...

[Iame3]

1 miner - ~70% total hashrate... Keep going 

[zajiczech]

1 miner - ~70% total hashrate... Keep going 

I think the stats are not correct there as suprnova has not found a block yet. With 70% hashpower it would look completely different... Still more workers needed there to spread the hashpower...

[Iame3]

1 miner - ~70% total hashrate... Keep going 

I think the stats are not correct there as suprnova has not found a block yet. With 70% hashpower it would look completely different... Still more workers needed there to spread the hashpower...

Almost correct. Top guy in optiminer - 152kh/s, total network hashrate ~210...215 kh/s 

[RinceWind84]

I've added a pool for ROI:

https://roi.suprnova.cc

have fun mining !

Wow great news let me get the ann and website updated and also I will announce this at all of our social channels...

Thanks a bunch! 

This is awesome news for the ROI community! I have only had positive experiences with suprnova.cc. Go ROI :-)

[kenjionline]

When comparing ROI with YTN and coin development for CPU, my view is that exploiting YTN will yield higher ROI

[RinceWind84]

I think we may have a problem.
1st block explorer https://roi-coin-blockexplorer.roi-coin.com/ is at block 54195
while the 2nd https://blockexplorer.roi-coin.com/ is at block 53178

My wallet sync's up to 54195, as do the 1st block explorer. But am having nodes who are running roi-coin 1.1.2 who are at block 54276
Anyone else seeing this?

EDIT: After a couple of minutes the "old" nodes have now disappeared. So my wallet seems fine. But that 2nd block explorer seems off

[DisasterFaster]

I think we may have a problem.
1st block explorer https://roi-coin-blockexplorer.roi-coin.com/ is at block 54195
while the 2nd https://blockexplorer.roi-coin.com/ is at block 53178

My wallet sync's up to 54195, as do the 1st block explorer. But am having nodes who are running roi-coin 1.1.2 who are at block 54276
Anyone else seeing this?

EDIT: After a couple of minutes the "old" nodes have now disappeared. So my wallet seems fine. But that 2nd block explorer seems off

It appears that the 2nd be at  https://blockexplorer.roi-coin.com/ has an issue that it has not updated recently. Will check into that and get it taken care of and thanks for the heads up

[Drawde]

What is the maximum number of coins that will be generated? I am a little concerned about inflation over time as more coins come into existence and can't find this information in the white paper.

[DisasterFaster]

What is the maximum number of coins that will be generated? I am a little concerned about inflation over time as more coins come into existence and can't find this information in the white paper.

This has been discussed numerous time and with in-depth detail.

Nobody can know how many coins will be generated because nobody can know how many users will do what with term-deposits, etc.

No need to be concerned with inflation since the %'s for POS and term deposit will be reduced lower when and as needed to control any future inflation issues.

[ocminer]

1 miner - ~70% total hashrate... Keep going 

I think the stats are not correct there as suprnova has not found a block yet. With 70% hashpower it would look completely different... Still more workers needed there to spread the hashpower...

We've just found the first block on https://roi.suprnova.cc - I see there are some stats I need to fix, i'll do that during the day, don't worry about the incorrect nethash display yet

[Drawde]

What is the maximum number of coins that will be generated? I am a little concerned about inflation over time as more coins come into existence and can't find this information in the white paper.

This has been discussed numerous time and with in-depth detail.

Nobody can know how many coins will be generated because nobody can know how many users will do what with term-deposits, etc.

No need to be concerned with inflation since the %'s for POS and term deposit will be reduced lower when and as needed to control any future inflation issues.

Thanks yes I found a figure of 1 billion mined and up to 7 billion total depending on the activities of those owning coins.

[TheRaster]

1 miner - ~70% total hashrate... Keep going 

I think the stats are not correct there as suprnova has not found a block yet. With 70% hashpower it would look completely different... Still more workers needed there to spread the hashpower...

We've just found the first block on https://roi.suprnova.cc - I see there are some stats I need to fix, i'll do that during the day, don't worry about the incorrect nethash display yet

1st off let me say Thankyou to Ocminer (suprnova) for adding ROI. I my self have mined a lot on suprnova. I dont think miners will be that bothered about the stats just yet. I think the miners will just be happy that suprnova have taken a liking to ROI.

Also welldone on the pools 1st block.

Regards,

Raster.

[Iame3]

What is the maximum number of coins that will be generated? I am a little concerned about inflation over time as more coins come into existence and can't find this information in the white paper.

This has been discussed numerous time and with in-depth detail.

Nobody can know how many coins will be generated because nobody can know how many users will do what with term-deposits, etc.

No need to be concerned with inflation since the %'s for POS and term deposit will be reduced lower when and as needed to control any future inflation issues.

But in the whitepaper I've read:

Term deposited coins can provide up to 593% interest if they are locked for one year. Unlike other alternative coins, ROI coins' proof of stake minting and interest payouts are carved in stone.

So this is not the very truth?

[DisasterFaster]

What is the maximum number of coins that will be generated? I am a little concerned about inflation over time as more coins come into existence and can't find this information in the white paper.

This has been discussed numerous time and with in-depth detail.

Nobody can know how many coins will be generated because nobody can know how many users will do what with term-deposits, etc.

No need to be concerned with inflation since the %'s for POS and term deposit will be reduced lower when and as needed to control any future inflation issues.

But in the whitepaper I've read:

Term deposited coins can provide up to 593% interest if they are locked for one year. Unlike other alternative coins, ROI coins' proof of stake minting and interest payouts are carved in stone.

So this is not the very truth?

Yes it is 100% the truth but maybe you are interpreting that sentence differently by chance?

The intended meaning is this: "Unlike other alternative coins, ROI coins' proof of stake minting and interest payouts are carved in stone." -- ROI coin is different than most all other coins because your payout is carved in stone to be an exact amount. How much you have in your wallet does not matter.. a user that deposits 5 coins will get the same interest as a user that deposits 5 million coins. A user that has their wallet offline for a year will get the same interest as a user who runs their wallet day and night all year. Every user gets the exact same interest no matter what the wallet weight vs. the network weight is. Every user gets the same interest no matter what the age of their coins is. Interest is paid every single block of the blockchain beginning with the first block.

When you stake other coins interest payouts can be inconsistent and nearly impossible to pre-determine. This is because of many variables such as network competition, latency, wallet weight vs. network weight, age of coins, etc., etc.

At the onset of ROI the coin was intended to create a knowable payout system for the users. This means that if you term deposit X coins for X blocks you know the payout in a popup window before you ever even commit to that term deposit.

If by chance you interpreted that sentence to mean that interest payouts would never be altered at any future date this was not the intended meaning. In the early stage of the coin the higher payouts will serve to grow coin supply, community interest and hopefully trading volume. Obviously these rates cannot be sustained forever and at a future date and based on community feedback, market trends, coin valuation and other details the code will be modified to reduce those rates as needed to control any inflation issues.

I am not always the best at explaining things so if this still doesn't make sense let me know

[TheRaster]

What is the maximum number of coins that will be generated? I am a little concerned about inflation over time as more coins come into existence and can't find this information in the white paper.

This has been discussed numerous time and with in-depth detail.

Nobody can know how many coins will be generated because nobody can know how many users will do what with term-deposits, etc.

No need to be concerned with inflation since the %'s for POS and term deposit will be reduced lower when and as needed to control any future inflation issues.

But in the whitepaper I've read:

Term deposited coins can provide up to 593% interest if they are locked for one year. Unlike other alternative coins, ROI coins' proof of stake minting and interest payouts are carved in stone.

So this is not the very truth?

If you have 10 coins and lock 1 to 1 year you will get 6.93 coins and 15% APR.
If you dont do anything with the other 9 coins you will get 15% APR with the other 9.

After the term unlocks it will just stack at the stock 15% APR or what ever the APR is at the time.

If you lock 10 coins in at 593% the coins are locked at that. And will get the 593% till they unlock. Once they unlock if the intrest is 400% and you wish to lock them again you will only get 400%. + what ever the stacking APR is. So if its 13% that is what you will get ontop of the term.

If you locked 5 coins today at 593% and Roi forked tonight and droped the intrest to 400% then that last 5 coins will stay at the 593% intrest and any new locked coins will be 400%.

Once they unlock they all drop back to the stock stacking APR% what ever that may be at the time.

Raster

[Iame3]

Thanks for the explanation, now I see. Decreasing interest rates are not that bad, since they are a bit high now, but yeah, early adopters will win as always

[DisasterFaster]

Thanks for the explanation, now I see. Decreasing interest rates are not that bad, since they are a bit high now, but yeah, early adopters will win as always

I agree on that and honestly the people who deposit the coin earlier will end up making more staking than those who may come in later after the rates get reduced to counter any inflation problems.

[DisasterFaster]

Quick update:

The issue with block explorer number 2 has been diagnosed and fixed

Many thanks to the community for keeping an eye on things and assisting the dev team in staying on top of any issues that crop up!