Yobit exchange is of late becoming one disappointing exchange. I 've been waiting for my BTC from Coinexchange to Yobit for hours too with no incoming transaction signal. I think they don't have enough workers to handle the growing interests of crypto investment. Cryptopia and Livecoin are much efficient.
In this case I think it's Rupee coin. Just look at the block timing, it's all over the place.
https://www.blockexperts.com/rupThe miners are obviously switching away when the difficulty climbs waiting for it to fall again, causing the whole chain to stop. Rupee coin will need to address this for it to have any sign of adoption.
The number of coins moving in the block chain is also alarming. I cashed out having bought in at 1200 sats. The slow blockchain cost me about $800 of profit.
I'm not a miners. Neither am I part of the team. But I think the difficulty must increase to control the coin over supply.
But that's not how it works. There's a supply of 50 coins per block and the block time is targeted to 5 minutes. The difficulty increases and decreases to maintain this timing. Same as bitcoin. But then this does use the bitcoin source....
The problem here is the hash rate of the network must be swinging wildly. We get blocks a minute apart and then nothing for hours.
In terms of controlled supply the questions I have is
- How have we got to 20m coins so fast? Even taking the rebrand into account it seems a lot. We are on block 19,660 so shouldn't that be only 983,000 coins thus far?
- A block every 5 minutes with 50 coins in is relatively high inflation. Maybe not too high but remains to be seen.