Yippee! https://heatwallet.com/#/new opens for me too!

.. and that's as far as it goes.


Howdy new user

Click on the home button in the toolbar to go to your new account, you have yet to receive your first payment so payments are empty.

Your account gets activated (and messages become visible) once your account is registered on the blockchain, this will happen in the next block which is to be expected in the next 30 seconds.

Registering account on blockchain, please wait


Just hangs there for tens of blocks :-(

So I presume https://heatwallet.com/ maintained by your company? What ip is the secure connection supposed to resolve to?

Seems like I'm not the only one with problems. https://mxtoolbox.com/domain/heatwallet.com/

Yes, there seems to be a login screen at that ip address using an unsecure connection. Doesn't help much in boosting HEAT confidence.

Is the secure connection to https://heatwallet.com/ working for you?

Guys,
https://heatledger.com/ says

Your connection is not secure
The owner of heatledger.com has configured their website improperly. To protect your information from being stolen, Firefox has not connected to this website.

..and the https://heatwallet.com/ has been down for more than 24h now.

The connection has timed out
The server at heatwallet.com is taking too long to respond.

Could you perhaps spend some money and hire an admin..?

"* This release also enables the use of account email id's which you can
  register free of charge for new accounts created through either the web
  wallet or one of the downloadable desktop versions."

Is this possible via https://heatwallet.com/ ? If it is I just can't find it.

Sweeeeet, is this 1,5M Heat burned?

Magically https://heatwallet.com/#/explorer also seems to be down..

..and the blockchain is once again stuck (#21567)

{"senderPublicKey":"486e513f45ac6879951c8065943bce3d6156aa2a0852ac1ac4f3d763642cd544","attachment":{"quantity":200000000000,"price":5350,"currency":"5592059897546023466","expiration":360000,"asset":"0","version.BidOrderPlacement":1},"subtype":4,"signature":"663e3a9ffb08a997c9e61fb6def952dbc37975bd18b54db73221ca58d06bdc0b733c27b6362b0bd 6f6d2564d34ede4a573e88e9a23fe8be10afe5a6c2802ff63","feeHQT":1000000,"ecBlockHeight":21567,"type":2,"deadline":1440,"version":1,"timestamp":100817275,"amountHQT":0,"ecBlockId":"5097879540417536950"}
2017-02-03 11:48:43 SEVERE: processTransaction.rollback

This is what my screen has looked like for the last ~300 blocks.

{"senderPublicKey":"5c3176b8d3367f247d2516c255e1d746f300479ef0e2929f874c66ed44774b06","signature":"5be43745156afd5f1d5ee29e3c15c19989d682d0e2684d7307f6d81e3c77b5048a64dbfe28533cf e8a15c66468e510d72fe1abed672c1c42e02b00d57f1d749d","feeHQT":1000000,"type":0,"version":1,"ecBlockId":"12193773566014216179","attachment":{"version.OrdinaryPayment":0,"version.PublicKeyAnnouncement":1,"recipientPublicKey":"5a3269b347d1a7005931b7cfe13638cda515f2438a72e2d5dc197440a72d206f"},"subtype":0,"recipient":"15168770515396268026","ecBlockHeight":19251,"deadline":1440,"timestamp":100749837,"amountHQT":20000000000}
2017-02-02 16:17:29 INFO: Persist rollback to 19069
2017-02-02 16:17:29 INFO: Popped block 12923695191756302001 with height 19070
com.heatledger.BlockchainProcessor$TransactionNotAcceptedException: com.heatledger.HeatException$NotCurrentlyValidException: Invalid ask order: 14923748514366969656
   at com.heatledger.BlockchainProcessorImpl.pushBlock(BlockchainProcessorImpl.java:775)
   at com.heatledger.BlockchainProcessorImpl.access$500(BlockchainProcessorImpl.java:57)
   at com.heatledger.BlockchainProcessorImpl$1.processFork(BlockchainProcessorImpl.java:400)
   at com.heatledger.BlockchainProcessorImpl$1.downloadBlockchain(BlockchainProcessorImpl.java:359)
   at com.heatledger.BlockchainProcessorImpl$1.run(BlockchainProcessorImpl.java:179)
   at java.util.concurrent.Executors$RunnableAdapter.call(Executors.java:511)
   at java.util.concurrent.FutureTask.runAndReset(FutureTask.java:308)
   at java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(ScheduledThreadPoolExecutor.java:180)
   at java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(ScheduledThreadPoolExecutor.java:294)
   at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1142)
   at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:617)
   at java.lang.Thread.run(Thread.java:745)
Caused by: com.heatledger.HeatException$NotCurrentlyValidException: Invalid ask order: 14923748514366969656
   at com.heatledger.TransactionType$ColoredCoins$6.validateAttachment(TransactionType.java:730)
   at com.heatledger.Attachment$AbstractAttachment.validate(Attachment.java:54)
   at com.heatledger.TransactionImpl.validate(TransactionImpl.java:848)
   at com.heatledger.BlockchainProcessorImpl.pushBlock(BlockchainProcessorImpl.java:773)
   ... 11 more
2017-02-02 16:17:29 INFO: Pushed block 12923695191756302001 at height 19070
2017-02-02 16:17:29 INFO: Process unconfirmed-transaction

{"senderPublicKey":"15c33fe460045abee529918c862322bc83ebbc297152395882b52fa723eef163","attachment":{"version.BidOrderCancellation":1,"order":"15837918138604058096"},"subtype":6,"signature":"3f1a175376caa3c756c8732eb3335798248a5c7d1d2fb7aa4386e0aee3aa0e043d0c0a50419084c cc8e4f1ae8d6c9e06361d1e0980f6ffce531432c73c2c6bff","feeHQT":1000000,"ecBlockHeight":19206,"type":2,"deadline":1440,"version":1,"timestamp":100748632,"amountHQT":0,"ecBlockId":"9613311919707384103"}
2017-02-02 16:17:29 INFO: Process unconfirmed-transaction

 

20,000*0,05%=10?

I would still suggest that the GPUCoin price of any item in the store should be set by selling that amount of GPUCoins _before_ completing the GPUcoins for hardware transaction.
This way the store keeper will always have funds to restock the store and the prices for items sold are real.

Wow.. life in the fast lane. Difficulty is 1.2 and 36 USD worth of BUY orders on Cryptorush.

Yep, less than 1.5 btc worth of purchase orders over 1 sat. And just yesterday I thought 25 sat was a deal..

So if you need some, now is your chance 24 sat:

Mar 24, 2014, 8:45 pm EET    Sold to Buyer    367,015.30844700    0.00000024    0.08808367

Good post!

The way to figure out the price for the next GPUCard to be sold out of the store is to FIRST sell the associated GPUCoins back to the market. There you have the correct price and won't have to dump the coins afterwards. This way you will always have the money for restocking the store too ;-)

Would you like to explain why someone would pay substantially more for the coin compared to what it costs to mine it? I understand things might change once all the coins have been mined but that's little further out. A few posts back we heard that it's profitable to mine at 20 sat so there you have the market value of GPUCoin?

At the current price of 20sat one would have to dump 325m coins back to market to buy 100 new display cards at 400usd each.

The interesting part of this equation is where the 100K USD per month comes from. It does not directly come from people mining the coins since they just want to change to coins to GPUs and have already given their payment to the electricity company. It has to come from people buying into cryptocoins to create the monthly 100K that then exits to the display card manufacturer.

In other words, it's like people would be allowed to print their money at a small cost for a certain time. As long as it's possible to print money people won't pay much more than the cost of printing. It all changes when you can't print the money (GPUCoin) anymore.  The GPU factory/wholesaler won't take this printed money (GPUcoins) so the storekeeper has to exchange it somewhere for real money. The only way to do this is to sell the printed money back to the people who printed it while they keep on printing more - and they for one won't be paying a premium on the self printed money returning to them.

Interesting times we live :-)

Right. Lets say the day was tomorrow and all 13 Billion coins were mined. Lets also say that the price per card is 1M GPUCoins. These 13B coins would mean that evenly distributed this would lead into 13,000 "vouchers" good for a card each. Once the voucher is used it's resold (at a profit) back for someone else to use. As long as there is someone to buy the 1M CPUCoin "voucher", at the commission the shopkeeper sees fit, we have a market. So in 1,5 years we will basically have shop where you are buying hardware with money.

I really hope this project turns into something great but at the moment most can do is keep their fingers crossed.

Ps. Like I wrote earlier, what stops anyone of you from starting to accept GPUCoins in exchange for hardware right now? This way you can set a price and get things going tomorrow. If I had a spare card, I'd auction it off to see what the value of CPUCoin is ;-)

That's how it goes. As long as electricity can be turned into GPUCoins, it is roughly the max price of the coin.

If there, for some reason, was shortage of the GPUCoins and at the same EXACT time a big supply of graphics cards available, then the price might momentarily exceed the cost of creating more coins.

I still think the price of electricity is pretty much the only thing that will determine the price of this coin for now. This is because you can make more coins for that cost in the near future.
As there is huge variation on the price of electricity, even 1c difference in kWh will make a 5-15% difference in the purchase price of the graphics card.

Still, there is one even bigger issue we haven't seen much talk about. It's the fact that anyone could start selling whatever hardware or goods for GPUCoin right now!
And in a sense it already happens. Just check out how many GPUCoins you need to convert to BTC to buy a 400usd graphics card at TigerDirect: 400usd = 0.63BTC = 2.1m at 30 sat.

So buy up all the GPUCoins and then you can control the price. At the current price 13 billion coins will set you back 6200 graphics cards, 2.5M usd or the sole use of a large nuclear power plant output for an hour ;-)

Thanks, you are right! It really says sum there.

Different math I guess..?