How Raptoreum’s Ghost Rider Mining Algorithm is Better Than Other Mining Algorithms
“Peer-to-peer cash — A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” — Satoshi Nakamoto, Bitcoin Whitepaper
Raptoreum is more than just a simple cryptocurrency or run of the mill blockchain project, it is NOT like any of the other cryptocurrencies out there and they make zero apologies for that. Most specifically, is how much fun can be had in the Discord chats. To be perfectly clear here during trivia nights, it can be down right crazy in the RTM General Chat, but that is part of the fun with this project. Think of it as a controlled chaos. People spam in answers, everyone thinks that it is rigged(In jest), and this makes for a uniquely Raptoreum experience. No other project that we have found is able to ride that chaotic wave in such an elegant way.
Raptoreum is a cryptocurrency project that not only aims to solve mass adoption problems and develop a secure platform for creating futures, smart contracts, and asset creation. Raptoreum targets this with pin point precision, perhaps even more accurate than a Tomahawk cruise missile with the accuracy of (+)or(-) mere inches. This means that the RTM platform also enables the tokenization of anything with the help of non-fungible tokens, the creation of dApps, and more. This project is loaded with utility and once more developers catch on to what RTM has unlocked for them, RTM will catch on fire. Think of Raptoreum’s development team as being reminiscent of the USA Olympic basketball teams when the best from the NBA would play and embarrass the other Countries. These guys are the best of the best. Nothing is done by chance, each move has been strategically calculated by some of the brightest minds in the blockchain spectrum.
“Digital signatures and trusted third parties Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending.” — Satoshi Nakamoto, Bitcoin Whitepaper
To accomplish all this, Raptoreum developed its own ghost rider mining algorithm, which enables all these operations and helps people to leverage them. While the Ghost Rider algorithm combines the original Raven and the Monero methodologies, it brings its own advantages that give access to all users. Not to mention the initial setup of Ghost rider is one of the coolest around because Ghost rider runs a self test to find the most efficient way for your specific hardware to mine. It literally is a custom tailored suit for each individual miner.
The x16r (Raven) algorithm adds a certain amount of randomness to it’s algorithm, which means the mining process is fair and not biased towards a particular group based on the pieces of equipment or hardware they use. On the other hand, the CryptoNight (Monero) algorithm is resistant to the usage of ASICs.
Like projects such as ArQmA, these algorithms provide all miners a fair chance at mining the coins and earning profits while ensuring that everyone is included in the process. One doesn’t need to have sophisticated ASICs to mine for the RTM coins.
“Time Chain and Proof of Work: The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work.” — Satoshi Nakamoto, Bitcoin Whitepaper
This makes the Raptoreum algorithm much more inclusive than other prominent algorithms like Bitcoin, Ethereum, and Litecoin. In networks such as Bitcoin, centralized mining is a massive challenge. Bitcoin’s model is more exclusive to wealthy miners because as blocks become more difficult, the associated equipment cost rise exponentially to competitively mine BTC, ETH, or LTC to just name a few.
However, Raptoreum provides everybody a fair chance to not only mine for coins but also create dApp projects, NFTs, and more on the Raptoreum network. Then numerous services like iNodeZ and RaptorNodes are ready to help you load up as few as 500–1,000 RTM and store these tokens in Nodes for additional profits and at a marginal 6% fee which comes after you are paid. So $1.00 in profits it causes for a marginal $0.06 cents fee and then the $0.94 cents are either redeposited or sent to an address you will have pre-established in your account. Redistributing your RTM proceeds back into your account, obviously is expansive and creates more RTM each week due to compounding interest. By staking on Nodes you are basically now (the bank) and start receiving returns rather than having to pay traditional fees.
iNodez.com SMART NODE ROI %’s as of (01 January 2022)
“Messaging between nodes Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.” — Satoshi Nakamoto, Bitcoin Whitepaper
For miners, there is a tier-type structure that will enable miners to earn more as they validate and create more blocks. Raptoreum is able to pull this off with the help of the afore mentioned smart nodes on its network.
Unlike the regular nodes or master nodes, these nodes will provide a simple 51% attack insurance and will also get paid 15% of the block rewards. After all the calculations are done, the ROI would be around 8–12%. This is pretty competitive considering the investment in these is substantially low price at the time of writing this article it is 43 satoshis, or .02 cents.
In contrast with the traditional algorithms and the node usage, there are numerous challenges such as unfair advantage to people with better hardware and lack long-term viability. Raptoreum solves these challenges and helps users earn better profits with these new algorithms.
“Network structure: The network itself requires minimal structure.“ — Satoshi Nakamoto, Bitcoin Whitepaper
Raptoreum is one of the latest emerging projects locked in to be a platform for NFTs, dApp development, futures contract creation, and more. It aims to do so by building on the pre-existing algorithms but orchestrated in a uniquely Raptoreum way.
The project takes the code and elevates it by identifying and solving the challenges within predecessor projects such as Monero, ethereum and others. Thus, in this way, Raptoreum’s algorithm is much better than other mining algorithms out there. The utility wrapped in this project means that from this price point you will see it rise from the ashes like a metaphorical Phoenix. This is a solid project, that has an excellent development team, marketing is on point and RTM operates Globally. You may want to grab a bag now because these near Genesis block prices are a simple formality of the path, new projects must pass through, but in time it will not be available anywhere near these prices and justifiably so based on Raptoreum’s solid fundamentals.
New Blog: https://blog.raptoreum.com/
How To Mine
CPU Miner: https://github.com/WyvernTKC/cpuminer-gr-avx2/releases
Hash & Profitability Calculator: https://mineraptoreum.com/ )
These are projects created and maintained by the awesome Raptoreum community
Shared Nodes https://inodez.com/
Paper Wallet: https://angainordev.github.io/VelociRaptor/
Raptoreum Portfolio: https://raptoreum.io/
GUI Miner: https://github.com/noahtheprogrammer/raptoreum-saltyminer/releases
Block Depot Telegram Announcements: ( https://t.me/blockdepot )
Twitter News & Updates: ( https://twitter.com/depot_block )