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Author Topic: [ANN] Ħ [HODL] 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.  (Read 376695 times)
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FreeTrade
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January 07, 2016, 06:20:43 AM
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What is it?

HOdlcoin is just like Bitcoin, but it pays interest on every balance. This is to recognize the importance of HODLers and properly reward HODLing.

For Early Adopters

Bonus interest rates are paid in the first two years to attract early adopters to the project.

90 Second Video Explainer



Wallet

Win64 Setup: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-win64-setup-unsigned.exe
Win32 Setup: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-win32-setup-unsigned.exe
Linux 64: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-linux64.tar.gz
Linux 32: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-linux32.tar.gz
OSX DMG: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-osx-unsigned.dmg
OSX 64bit: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-osx64.tar.gz
Win64 Full: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-win64.zip
Win32 Full: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-win32.zip
Release 3.0.0: https://github.com/HOdlcoin/HOdlcoin/releases/tag/v3.0.1
Source: https://github.com/HOdlcoin/HOdlcoin




Mining
Mining direct from the wallet is very efficient and is the recommended way of supporting the network.
These flags can be used on the command line to attempt to enable more efficient mining - These can give 100% gains, but may cause an immediate crash on some processors.
-optimineraes=1
-optimineravx2=1

Exchange

Coinexchange - https://www.coinexchange.io/market/HODL/BTC
Yobit - Warning: Do not trade HODL on Yobit - You will be unable to withdraw HODL, and they may be illiquid

Faucet

http://crypto4free.com/faucets/hodl-faucet/

Block Explorers

http://www.fuzzbawls.pw/explore/HOdlcoin/index.php

Tools

Mining Calculator: http://samuelpj.github.io/hodl-mining-calc/
Current Interest Rate: http://hodlcoin.github.io/
Network Information: http://coinofview.com/coin/HOdlcoin.html
Market Information: http://coinmarketcap.com/currencies/hodlcoin/
Compare: https://www.cryptocompare.com/coins/hodl/overview/BTC
Supply API: http://hodlcoin.com/hodl/money_supply_api.php
Paper Wallet: https://web-beta.archive.org/web/20160511235338/http://www.hodlpaperwallets.tk/

Roadmap:
HIP001 - https://medium.com/@freetrade68/hodlcoin-improvement-proposal-001-a802f9948d68
Nutocracy Motion - https://nutocracy.herokuapp.com/arguments/that-hip001-should-be-implemented-https-medium-com-freetrade68-hodlcoin-improvement-proposal-001-a802f9948d68

Community:

https://www.reddit.com/r/HOdl/
http://slack.hodlcoin.com
https://bitcointalk.org/index.php?topic=1317918
https://www.facebook.com/groups/482768675256230/
QQ group #: 218602035

HOdler Voting
Nutocracy - https://bitcointalk.org/index.php?topic=1317918.msg15332471#msg15332471

Specifications:

Ticker: HODL
Symbol: Ħ
Block Time: 154 seconds
Subsidy: 50 HODL subsidy per block
Halving: Every 4 years
Mining Supply:Total of 81,962,100 HODL will be mined
Interest Supply: Between 150,000,000 and 220,000,000 HODL will be paid in interest to HODLers
Fair launch: No Premine/Instamine/Ninja/100 initial 1 HODL blocks
Port: 1989
RPC Port: 11989
Testnet Port: 8989
Proof of Work: 1GB AES Pattern Search POW
Codebase: Bitcoin 0.11.2
Website: http://HOdlcoin.com

Proof of Work

1GB AES Pattern Search POW. Pattern Search involves filling up RAM with pseudo-random data, and then conducting a search for the start location of an AES encrypted data pattern in that data. Pattern Search is an evolution of the ProtoShares Momentum PoW, first used in MemoryCoin and later modified for use in CryptoNight(Monero,Bytecoin), Ethash(Ethereum).  CPU/GPU friendly. The POW Algorithm is considered a technical detail and is subject to change to favor CPU and consumer grade hardware with the intention of keeping mining participatory and distributed.

Solo Mining Guide: https://bitcointalk.org/index.php?topic=1383479.0

Interest

Current Interest Rates and Page - http://hodlcoin.github.io/

1. The Standard Interest Rate
Interest is paid on regular balances (outputs), on every block, for a period of up to 30 days (561x30 blocks). The rate is approximately 5% APR or (1/2^22)%, compounded every block. Interest is paid on casual balances for up to 30 days.

2. Bonus Interest Rates
To encourage early adoption, incentivized interest is paid in the first two years. The starting rate is (1/2^16)%. Compounded, the rate is 2174%. It's reduced every block by a multiplier - calculated like this =((409530-X)/409530)^4 (X is the block where the balance is recorded as an output).
To calculate your bonus rate, you can use this formula.
Principal + (Standard Interest + (Bonus Interest * Bonus Multiplier))
Current bonus rate is here - http://hodlcoin.github.io/

3. Term Deposits
If you lock an amount of HODL as a term deposit, you get a bonus on the interest. The longer the deposit, the bigger bonus.

Term deposit Rates
1 week term deposit ~ 5.6% bonus on interest
1 month term deposit ~ 22% bonus on interest
3 month term deposit ~ 55% bonus on interest
6 month term deposit ~ 82% bonus on interest
1 year term deposit ~ 98% bonus on interest


The bonus is just a multiplier of the interest, so if you locked up 100 HODL for 1 year, you'd expect a return of 109.9 HODL (Capital 100 + Interest 5 + Term Deposit Bonus 4.90). See the chart for the multipliers, or use this formula - =(1-((409530-X)/409530)^6)*100  (X is the number of blocks to lock for, min 2 days, max 1 year). To calculate your full bonus return on a term deposit . . . it's
Principal + ((Standard Interest + (Bonus Interest * Bonus Multiplier))*Term Deposit Multiplier)



n.b. When a Term Deposit matures, it stops earning interest - you must move it to start earning interest again.
n.b. Bonus rates are paid on regular balances too, for up to 30 days
n.b. The bonus rate is locked at the time of the transaction, the rate you can achieve reduces over time due to the multiplier, but once you're earning that bonus rate, it doesn't reduce.

How To Make A Term Deposit:

Video guide: https://youtu.be/_7CUiORCZGY
Graphical guide: https://github.com/FreeTrade/HOdlcoin/blob/HODLCoin0.11.3/doc/README.md

1. Go to the Term Deposit tab. It looks like a little bank.
2. Enter your own address, the amount of the term deposit, and the length you to deposit for.
3. Click HODL

A popup will appear telling you how much interest you can expect. Click OK if you want to continue. Another popup will ask your if you're sure, click OK again, and your term deposit instruction will be sent.

Remember, once you HODL, those funds are LOCKED until the maturation date. That's the price you pay for the term deposit bonus.

Spreadsheets:

Bonus Rate Calculation Table
https://docs.google.com/spreadsheets/d/1QcgoQcXF68oodxIGkYdI9NA2DhOLVtus3JTAOCvvoQM/edit?usp=sharing

Term Deposit Multiplier Table
https://docs.google.com/spreadsheets/d/1z8pP4w43jPnF3eYQSd-qQI2Mj-jCw1ZOfITtf0xO9x8/edit?usp=sharing

Overall Interest Return Calculator
https://docs.google.com/spreadsheets/d/1rUUyrexw6nS9xrFboI4aW1WPENZC_QidAbW7Rb2SpwA/edit?usp=sharing

Term Deposit Interest Rate Table
https://docs.google.com/spreadsheets/d/1eCHZ3pQil_mlHDcrtewXNQpDg6WJCjj27VmLP4kPNg0/edit?usp=sharing


Languages
Chinese: https://bitcointalk.org/index.php?topic=1386432
Spanish: https://bitcointalk.org/index.php?topic=1373683
Indonesian: https://bitcointalk.org/index.php?topic=1371827
Hindi: https://bitcointalk.org/index.php?topic=1498357

Press
http://alt.report/altcoins/item/331-hodl-h-imagine-if-your-swiss-bitcoin-account-had-compounding-interest
http://cryptomining-blog.com/7740-have-some-spare-cpu-power-mine-hodlcoin-with-it/
http://cryptomining-blog.com/7692-new-faster-hodlcoin-cpu-miner-is-now-available/
http://cryptomining-blog.com/7671-second-mining-pool-for-hodlcoin-now-available/
http://cryptomining-blog.com/7561-hodlcoin-hodl-altcoin-with-cpu-only-mining-high-interest-on-balance-and-deposits/
https://altcoinspekulant.wordpress.com/2016/02/08/mining-spass-mit-hodlcoin-hodl/ (German)

Fork At Block 257000

In accordance with Nutocracy Motion:
https://nutocracy.herokuapp.com/arguments/that-it-is-time-to-un-fork-hodlcoin-and-stop-auto-hodling-for-a-year

There is a fork at 257000 - this fork will allow miners to create blocks with subsidies that do not need to be HODL'd as they had been from the previous fork.

Additionally this fork fixes a bug where interest continues to accrue to matured deposits. After block 257000, transactions that try to claim interest from matured deposits will no longer be valid.

The release has been finalized, please make sure your node is using version 3.0.1 or better of HOdlcoin.

Release Notes:
https://github.com/HOdlcoin/HOdlcoin/releases/

Developers

Primary Developer: FreeTrade - Previously created experimental coins MemoryCoin, ProtoShares, LottoShares.
Release Manager: Fuzzbawls - Previously created Mintcoin
Developer: ghobson - GUI and network engineering

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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January 07, 2016, 07:52:42 AM
 #2

Hi FreeTrade,

First off, thanks for all the innovation you have brought to the crypto community. I have mined and profited from Memory coin and Protoshares, (did not get a chance to play with LottoShares.)

I have one question and a comment/suggestion (below).

Will this be a PoW or PoS (or hybrid)? you state that it will be merge mineable but earning interest on funds sounds like a PoS.

This will allow users to lock up funds for a specified amount of time, to earn a specified amount of interest. The interest rates provided may be very high, especially in the early stages of the coin.

This will encourage and reward HODLERS. It will also constrain supply - interest earning coins cannot be moved.

Interest will be entirely handled in the blockchain and protocol. There won't be any counterparty.


I am not trying to name drop, but check out RateCoin (XRA) project (link in my signature), it also does what you have described, you can lock selected inputs in order to receive interest based on duration of locked block.

With that said, I will follow this project and assist where I can be of help.

Good luck.

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January 07, 2016, 07:53:16 AM
 #3

Could we just call it LuLzCoin?
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January 07, 2016, 08:06:11 AM
 #4

Time locked interest? Sounds interesting.
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January 07, 2016, 08:11:21 AM
 #5

Long time, FreeTrade!

I was in Protoshares and LottoShares community. I can confirm that, FreeTrade has wide experience with crypto.
Good luck with your new project! Will follow. Smiley
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January 07, 2016, 08:11:50 AM
 #6

Will this be a PoW or PoS (or hybrid)? you state that it will be merge mineable but earning interest on funds sounds like a PoS.

It will be PoW. I think PoS and Merged-Mining are two approaches to chain security. I'm choosing MM because I think it's easier to market to Bitcoiners. 'Bitcoin + Term Deposits' is easier to understand than 'Bitcoin + PoS + Term Deposits'.


I am not trying to name drop, but check out RateCoin (XRA) project (link in my signature), it also does what you have described, you can lock selected inputs in order to receive interest based on duration of locked block.

With that said, I will follow this project and assist where I can be of help.

Good luck.

Thanks for the link. I had been searching for similar projects, and someone had mentioned XRA, but I hadn't found the link yet. I guess there are few differences -
1. PoS vs PoW(MM)
2. Likely Higher/Variable interest rates for HODLCoin

Can you tell me more about 'lock selected inputs in order to receive interest based on duration of locked block' . . . my reading of the ANN is that users received larger interest payments if the stakes coins haven't been moved recently . . but that they still available to be used if the staker changes his mind. Can you clarify if locked blocks are different and how that works?


HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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January 07, 2016, 08:15:21 AM
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Long time, FreeTrade!

I was in Protoshares and LottoShares community. I can confirm that, FreeTrade has wide experience with crypto.
Good luck with your new project! Will follow. Smiley

Awww gee whiz, it's really nice to be remembered. Smiley Shucks! Time moves so fast in crypto, I though I'd have been forgotten by now!

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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January 07, 2016, 08:24:50 AM
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I find time locking very interesting.

Here is a good article regarding time lock encryption: www.gwern.net/Self-decrypting%20files

Is this the sort of thing you are planning? True time locked balances?
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January 07, 2016, 08:29:22 AM
 #9

I find time locking very interesting.

Here is a good article regarding time lock encryption: www.gwern.net/Self-decrypting%20files

Is this the sort of thing you are planning? True time locked balances?

That article looks a bit dense to me, but yes to the 'true time locked balances'.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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January 07, 2016, 08:34:47 AM
 #10

Long time, FreeTrade!

I was in Protoshares and LottoShares community. I can confirm that, FreeTrade has wide experience with crypto.
Good luck with your new project! Will follow. Smiley

Awww gee whiz, it's really nice to be remembered. Smiley Shucks! Time moves so fast in crypto, I though I'd have been forgotten by now!


I do not think that the huge Protoshares and LottoShares community can forget about you. Especially after the huge profits in the Protoshares. Smiley
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January 07, 2016, 11:08:48 AM
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I do not think that the huge Protoshares and LottoShares community can forget about you. Especially after the huge profits in the Protoshares. Smiley

Thanks! Yes, I guess a lot of people did well on PTS.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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January 07, 2016, 06:40:15 PM
 #12

Also - Dan Larimer's recent blog post which inspired me to look at interest payments in PoW again -

http://bytemaster.github.io/article/2016/01/04/The-Benefits-of-Proof-of-Work/

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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January 07, 2016, 11:33:25 PM
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no there content in http://www.hodlcoin.com/
website still fresh
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January 08, 2016, 01:59:37 AM
 #14

no there content in http://www.hodlcoin.com/
website still fresh

Just a placehodler for now.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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January 18, 2016, 03:44:46 PM
 #15

Will fork from Bitcoin 0.11.2 / Classic

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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January 20, 2016, 08:56:03 AM
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Update: Interest on all standard outputs.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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January 20, 2016, 08:58:33 AM
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I can help you spreading HODL on Twitter! Smiley
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January 27, 2016, 04:39:33 AM
 #18

Added POW information

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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January 27, 2016, 05:04:47 AM
 #19

HOLDOR

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January 27, 2016, 03:55:24 PM
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Added mining and supply details, with interest rates and projected total supply.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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