[ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*

[Crapsy]

I followed the forging instructions and the server is running and supposed to be forging (got deadline and hitTime).  It has been running for about 40 min and there's no change (even a marginal change...) in the balance. perhaps it is not forging or should it take more time to see any reward?

If about 2,750,000 heat are currently forging and there are 3,456 blocks per day, then you need approximately 800 heat to forge one block per day or approximately 19,000 to forge one block per hour.

If profitability is 0.4% per day it means that 3,456 * 8 / 0.004 = 6,912,000 heat are currently forging. With this amount, it means that 6,912,000 / 3,456 = 2000 heat are needed to forge one block per day or 48,000 to forge one per hour. It means that currently 36% of all heat are forging. That is good news - it means that profitability will in the worst case be 4-5% per month during the next 12 months. More likely it will stabilize in the range 5-10%.

I must say that is sound almost insane.

[bitdexter]

I followed the forging instructions and the server is running and supposed to be forging (got deadline and hitTime).  It has been running for about 40 min and there's no change (even a marginal change...) in the balance. perhaps it is not forging or should it take more time to see any reward?

If about 2,750,000 heat are currently forging and there are 3,456 blocks per day, then you need approximately 800 heat to forge one block per day or approximately 19,000 to forge one block per hour.

If profitability is 0.4% per day it means that 3,456 * 8 / 0.004 = 6,912,000 heat are currently forging. With this amount, it means that 6,912,000 / 3,456 = 2000 heat are needed to forge one block per day or 48,000 to forge one per hour. It means that currently 36% of all heat are forging. That is good news - it means that profitability will in the worst case be 4-5% per month during the next 12 months. More likely it will stabilize in the range 5-10%.

I must say that is sound almost insane.

haha, that is rediculous,
can;t wait to start forging

[Crapsy]

I followed the forging instructions and the server is running and supposed to be forging (got deadline and hitTime).  It has been running for about 40 min and there's no change (even a marginal change...) in the balance. perhaps it is not forging or should it take more time to see any reward?

If about 2,750,000 heat are currently forging and there are 3,456 blocks per day, then you need approximately 800 heat to forge one block per day or approximately 19,000 to forge one block per hour.

If profitability is 0.4% per day it means that 3,456 * 8 / 0.004 = 6,912,000 heat are currently forging. With this amount, it means that 6,912,000 / 3,456 = 2000 heat are needed to forge one block per day or 48,000 to forge one per hour. It means that currently 36% of all heat are forging. That is good news - it means that profitability will in the worst case be 4-5% per month during the next 12 months. More likely it will stabilize in the range 5-10%.

I must say that is sound almost insane.

haha, that is rediculous,
can;t wait to start forging

I think the numbers above are correct, and also backed up by my plot on the previous page. More pressure should be put on the exchanges to implement a withdrawal function of heat. By not offering this function, the exchanges are currently preventing investors a monthly return of 13%. It is good news for those who did not use exchanges in the ico, though.

That is true, because this is for us all. Everyone should be able to forge.

Your numbers gave me a new perspective to everything because I was about to sell a small portion below ICO-price. Now that I see the gold in my hands, I won't be doing that. Thank you gh2.

[anewafresh]

Currently there is 58 peers on the network. I think this is a healthy number, and over time this number will probably rise as more nodes come online.

The amount of blocks generated for a given stake, are substantially higher than the result of the estimate from the calculator on heatpool.xyz
This is due to the calculator assuming 100% of 25 million coins are forging on the network. In reality, and as expected, only a fraction of coins held will be active.

In other words:

Forging profits are pretty profitable  

How do I know if I'm forging? I followed the instructions on this post - https://bitcointalk.org/index.php?topic=1543991.msg17640079#msg17640079

and I got a value for deadline and hittime and then back to the  command prompt.

Does this mean I'm forging?

Also, on https://heatwallet.com/nodes.cgi I see "blacklisted":true against my IP. What does this mean?

HI, deadline and hittime definitely means that forging is on.

"blacklisted":true now means that you should update server. Version 0.9.0 is blacklisted.

Oh..didnt know that. Thanks!

[mm0104]

Is anyone selling? Want to buy about 0.9 BTC worth of HEAT at 3000 sat level. I guess noone is selling and everyone is forging?

Many are willing to sell, but for sure not at 3k sat.

[mm0104]

7300 stas would be a price that would make me consider selling. For my 11,837.43784615 that would be 0,86413296 BTC.

I don't think the buywall by the Heat team will be near that.
Contact me if you're interested john312. We can use an escrow.

[bitdexter]

My banks interest rate is 0.6% P.A
Heat is 5% per month.
If the tech is good and you are holding 50,000 heat,
You are making around 2,500 heat per month,
That is 30,000 Heat per year ( estimation, i can't be bothered to do the compound interest calculation, this figure is actually slightly higher).

Lets say - and i know it sounds farfetched at the moment,
but lets imagine that Heat pulls it off & its market cap reaches 50 Million,
a) your $2600 stake is now worth 1 million dollars
b) after forging in year one,  you are making about $50,000 a month or $600,000 a year

Your overall Heat net worth from a small $2600 stake at the moment, after year one is worth about $1.6 million

We can even be more realistic and say that Heat achieves Waves market cap around $25million
That is still $800,000, from a $2600 stake at the moment + forging for one year.

The maths does look good.

[mm0104]

Anybody who's willing to buy (with escrow) at 7300 sats is very welcome to contact me via PM.

[bitdexter]

My banks interest rate is 0.6% P.A
Heat is 5% per month.
If the tech is good and you are holding 50,000 heat,
You are making around 2,500 heat per month,
That is 30,000 Heat per year ( estimation, i can't be bothered to do the accumulative interest calculation).

Lets say - and i know it sounds farfetched at the moment,
but lets imagine that Heat pulls it off & its market cap reaches 50 Million,
a) your $2600 stake is now worth 1 million dollars
b) after forging in year one,  you are making about $50,000 a month or $600,000 a year

Your overall Heat net worth from a small $2600 stake at the moment, after year one is worth about $1.6 million

We can even be more realistic and say that Heat achieves Waves market cap around $25million
That is still $800,000, from a $2600 stake at the moment + forging for one year.

The maths look good.

I don't think your calculations are correct. The current market cap of heat is: 0.000073 btc/heat * $920/btc * 25,000,000 heat = $1,68 million
If hypothetically the market cap of heat would increase to $25 million, it means an increase of factor 15. So, your small stake of $2,600 would increase to $39,000 + value of forging - 5% per month gives 80% per year - so total value would be $70,000. There is a risk that all the new heat from the forging will create inflation, and that the price per heat may decrease because of this.

I think it will be much more important for the value that the devs keep adding new features, and that some new use-cases / partnerships are created which benefit from the scalability and the very high number of transactions per second (tps) which are possible. Imagine something like the first decentralized exchange built on top of heat, allowing for high-frequency trading. No other blockchain can currently do that (they all have too slow tps rates).

Yeah,
i got too excited...
basically scale it down by a factor of ten
the maths above would work with a $26,000 stake
which is 1% of Heat

maths still look good anyways

[notsofast]

Still hoping for Alcurex to enable withdrawals so I can get in on the forging too.

[StewieG]

I followed the forging instructions and the server is running and supposed to be forging (got deadline and hitTime).  It has been running for about 40 min and there's no change (even a marginal change...) in the balance. perhaps it is not forging or should it take more time to see any reward?

If about 2,750,000 heat are currently forging and there are 3,456 blocks per day, then you need approximately 800 heat to forge one block per day or approximately 19,000 to forge one block per hour.

If profitability is 0.4% per day it means that 3,456 * 8 / 0.004 = 6,912,000 heat are currently forging. With this amount, it means that 6,912,000 / 3,456 = 2000 heat are needed to forge one block per day or 48,000 to forge one per hour. It means that currently 36% of all heat are forging. That is good news - it means that profitability will in the worst case be 4-5% per month during the next 12 months. More likely it will stabilize in the range 5-10%.

I must say that is sound almost insane.

haha, that is rediculous,
can;t wait to start forging

https://www.youtube.com/watch?v=nabNdHO6lYk

[mm0104]

Anybody who's willing to buy (with escrow) at 7300 sats is very welcome to contact me via PM.

Do you already have the escrow lined up? I tried to contact Yassin, but he is not answering. It would be good if we could establish an escrow which we could use for reasonably fast trading via PM's on this forum. It doesn't work if we have to wait until the next day to finalize the trade (things may change fast and people change their minds).

It's a free 2 of 3 multisig escrow "service" by the German user mezzomix (https://bitcointalk.org/index.php?action=profile;u=51478).
https://bitcointalk.org/index.php?topic=456563.msg5033831#msg5033831

It works as follows:
He provides a public key that can be used by buyer/seller to establish a 2 out of 3 multisig adress. For the creation 3 public keys are enough. Only if either buyer or seller makes any problems he has to be contacted. If both parties fulfill their part he doesn't even have to be contacted and doesn't know about the trade, because buyer and seller can provide the 2 necessary signatures to transfer the BTC to the seller after the buyer received whatever was traded.

[lyynx]

Still hoping for Alcurex to enable withdrawals so I can get in on the forging too.

From what I read on the trollbox, after they release btc to heat devs, they think they'll enable deposits this week, but confirm with alcurex.

[Eliphaz Fimk]

Imagine something like the first decentralized exchange built on top of heat, allowing for high-frequency trading. No other blockchain can currently do that (they all have too slow tps rates).

Finally someone got to crystallize what we're building!

Not just the tech is in good progress.

[bitdexter]

I followed the forging instructions and the server is running and supposed to be forging (got deadline and hitTime).  It has been running for about 40 min and there's no change (even a marginal change...) in the balance. perhaps it is not forging or should it take more time to see any reward?

If about 2,750,000 heat are currently forging and there are 3,456 blocks per day, then you need approximately 800 heat to forge one block per day or approximately 19,000 to forge one block per hour.

If profitability is 0.4% per day it means that 3,456 * 8 / 0.004 = 6,912,000 heat are currently forging. With this amount, it means that 6,912,000 / 3,456 = 2000 heat are needed to forge one block per day or 48,000 to forge one per hour. It means that currently 36% of all heat are forging. That is good news - it means that profitability will in the worst case be 4-5% per month during the next 12 months. More likely it will stabilize in the range 5-10%.

I must say that is sound almost insane.

haha, that is rediculous,
can;t wait to start forging

https://www.youtube.com/watch?v=nabNdHO6lYk

Haha, We're still pals

[lurker10]

Is there a whale here who would like to grow the network of HEAT nodes in a similar way Megalodon contributes by sponsoring rewards to node operators in NXT?
You can check details in the link in my signature, this program in NXT has been operating since July.

This is a very good idea!

I am also using one of the dev bonus accounts to mine blocks in order to get the network in order, I was unaware of the horrific nature of doing this in order to get a properly functioning network. I would of course donate away all my forging awards. Pretty sure the community comes up with a good cause.

One suggestion is to use the dev bonus account for this, since the community was asked to come up with a good cause.

Lucky node lottery for HEAT.

This is a brand new HEAT account, it will be used for donations: 3783387583602366138 (I changed account id because the old one had a weak passphrase)
15787342073542046562
and to send payouts to HEAT node operators. Sponsors, please send there a few coins, I'll test it for a while.
public key: a0e7741f68a7ed7ae4b4c03dff7fe4e01a9576256d0190e16dd0b5ccc4320f60

HEAT node operators need to put the HEAT account id in the heat.myPlatform setting, example:
heat.myPlatform=1111111111111111111
if your hallmark has a positive weight, you will get extra rewards.
this is recommended too, I didn't find the numbers for incoming and outgoing peers, they are probably not implemented yet.
heat.maxNumberOfConnectedPublicPeers=500
It's better to save all custom settings in the custom settings file: conf/heat.properties
you'll need to copy this file to the conf folder each time you upgrade HEAT.

The Lucky node lottery for HEAT is now active. Please pay attention that the HEAT account id is new. Send your donations and configure nodes to participate in the lottery.

[Crapsy]

And there we are

http://coinmarketcap.com/currencies/heat-ledger/

[StewieG]

And there we are

http://coinmarketcap.com/currencies/heat-ledger/

HAhahaahahhaa and all the volume is the ccex buy wall, so great! xD

[Crapsy]

And there we are

http://coinmarketcap.com/currencies/heat-ledger/

The average price ($0.100412) at coinmarketcap.com is not correct, since c-cex has not applied the 1.5 multiplier yet.

Neither is the total supply, but they are updating

[Eliphaz Fimk]

Does anyone have direct contact to coinmarketcap? Total supply is available here: https://heatwallet.com/status2.cgi

currentCoinSupply":"2503272000000000"

/ 100 000 000 is the number of HEAT tokens in circulation

25 032 720 x $0.100327

= Market cap $2 511 458