Ryo Currency, a privacy-focused cryptocurrency, has recently faced an unexpected challenge: it has been delisted from WhatToMine, a popular mining profitability calculator, without any explanation. This move has raised questions and concerns within the Ryo community, especially given Ryo’s consistent performance as a top profitable GPU-mineable privacy coin.
The Delisting from WhatToMine
WhatToMine is a vital tool for miners, offering real-time profitability data for various cryptocurrencies. Visibility on this platform drives miner interest and supports network growth. Ryo’s abrupt removal—without communication or justification—despite multiple outreach attempts by the Ryo team, leaves us questioning the motives behind this decision.
The Role of Opportunistic Mining Pools
Lead developer Fireice_uk has provided insight into a possible cause. He notes that approximately 25% of Ryo’s blocks are mined by opportunistic pools. These pools target the most profitable coin at any moment, immediately sell the mined coins, and pay their miners in another cryptocurrency, such as Bitcoin or Ethereum. Their focus is short-term profit, not Ryo’s long-term success.
These pools depend on WhatToMine to pinpoint high-profit coins. When Ryo tops the charts, they direct their hashing power our way. But this support is fleeting—once Ryo drops from #1, they switch elsewhere, often dumping coins and harming the market. This behavior exploits rather than strengthens our ecosystem.
The Silence and Its Implications
WhatToMine’s silence is striking. No response, no transparency—this fuels speculation. A theory within the community suggests these opportunistic pools, or other vested interests, may have influenced WhatToMine to delist Ryo, possibly to favor coins more aligned with their profit-driven agendas. The continued listing of smaller, less active coins like CCX only deepens the mystery.
Community Response and Future Plans
The Ryo community is resilient. Instead of relying on centralized platforms like WhatToMine, we’re exploring the creation of our own profitability tools—transparent, unbiased, and community-driven. This initiative could serve Ryo and potentially the wider crypto mining world by offering a decentralized alternative.
Reintroducing the Developer Fund
To address these challenges, we’re proposing to reintroduce a per-block developer fund at its previous level. This fund will have two key focuses:
- Development: Enhancing Ryo’s technology to maintain its edge in privacy and security.
- Marketing: Raising awareness and adoption through strategic outreach.
The fund also aims to reduce the impact of malicious miners. By investing in our network and community, we can make Ryo less appealing to opportunistic pools that thrive on short-term gains. Fireice_uk supports this move, stating:
“We should re-introduce the dev fund to around the level it has been at. Switch pools will move on to whatever is the next #1 most profitable coin. We can spend the money on marketing instead of having switch pools insta-dump it.”
Read more of his thoughts in the Telegram discussion.
Conclusion
Ryo’s delisting from WhatToMine is a hurdle, but it’s also a chance to build something stronger. By reintroducing the developer fund, we can invest in our future, mitigate external manipulations, and reinforce our commitment to privacy and decentralization.
We invite the Ryo community—especially long-standing members—to share your thoughts on this proposal. Join us on Telegram and stay updated at ryo-currency.com.
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