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Author Topic: [ANN][HLM] HELIUM - PRE NOTICE  (Read 128171 times)
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Mrrr
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May 28, 2017, 08:07:53 PM
 #401

Not to mention the hordes of people maintaining a GPU rig for the fun of it. I'd rather see this start off with a GPU friendly algo. If not for the issues mentioned above, then for the sake of keeping the community aboard.

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May 29, 2017, 09:14:31 AM
 #402

ASIC algo from the get go?

Which genius told you that  Huh

Aren't the issues obvious?

Your chain will fork whenever a asic farm decides to rape you and blocktimes will vary from seconds to hours.  Shocked
(ever heard of a 51% attack - for asic farms it will be easy to control 90%+ for a short amount of time)
NO difficulty adjusting code can manage a few 1000% (yes thousand) hashrate swings a few times a day ...

ANY coin which isn't the algos main coin like BTC, LTC and DASH has HUGE problems.

If you want ASICs as soon as possible chose an algo which probably will have one within 1-2 years and make it a natural transition. eg. Blake or some other x algo


The project otherwise sounds really great.

Yeah, I am with you on that... I wanted Nist5 or Blake2s personally, but apparently everyone and their mom has an X11 asic and they out voted just about everyone on the algo, so it has already been set at x11 unfortunately (to my knowledge anyway).

what?!?!?! ...

wt-hell is x11 going to be doing with helium? ... who voted? ... i wasnt aware of ANY of this ...

so an asic heavy system that will kill almost every gpu user? ... not a smart move ...

as for the rest of the plans for hlm - damn good ... but x11? ... seriously guys - i would have voted against it in a heartbeat had i known anything about anything thats going on here ...

to hell with slack ... im not happy this is the way i have to find out ...

o well ...

#crysx

I'll catch-up with you on skype.

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May 29, 2017, 06:14:30 PM
 #403

ASIC algo from the get go?

Which genius told you that  Huh

Aren't the issues obvious?

Your chain will fork whenever a asic farm decides to rape you and blocktimes will vary from seconds to hours.  Shocked
(ever heard of a 51% attack - for asic farms it will be easy to control 90%+ for a short amount of time)
NO difficulty adjusting code can manage a few 1000% (yes thousand) hashrate swings a few times a day ...

ANY coin which isn't the algos main coin like BTC, LTC and DASH has HUGE problems.

If you want ASICs as soon as possible chose an algo which probably will have one within 1-2 years and make it a natural transition. eg. Blake or some other x algo


The project otherwise sounds really great.

Just out of my own ignorance and curiosity, can you elaborate on this? If I understand correctly, your suggesting using something like a SHA algo right? Or am I totally wrong.

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May 29, 2017, 08:30:10 PM
 #404

I think something like blake2s would be a good option.  It's a really good algo.
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May 30, 2017, 03:47:21 AM
 #405

I think something like blake2s would be a good option.  It's a really good algo.


Why? What makes one algo better than the other? Again, excuse my ignorance, thats why I am asking.

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May 31, 2017, 03:39:26 AM
 #406

Blake2s is has the most optimized miners for nvidia.  There are tons of mining farms with amd rigs and ASIC machines will destroy it too.

I think as far as being fair and decentralized it's the best bet.  There are other decent algos, like Scrypt-Jane.

But keeping the miners that just want to rape coins will keep them somewhat "chained" them down.

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May 31, 2017, 04:10:31 AM
 #407

Blake2s is has the most optimized miners for nvidia.  There are tons of mining farms with amd rigs and ASIC machines will destroy it too.

I think as far as being fair and decentralized it's the best bet.  There are other decent algos, like Scrypt-Jane.

But keeping the miners that just want to rape coins will keep them somewhat "chained" them down.



ohhh ok that makes sense, so just keeping the vultures at bay

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June 01, 2017, 08:28:43 PM
 #408

We're aiming for a snapshot date of 1 August, with a block height that should fall on that date chosen as we get closer to that date.

People find it easier to think in dates than block height, so we've gone for date first.

There will be another Slack ama in about two weeks to give progress updates, explain the enterprise strategy, our new partnerships and introduce the lead developer for the Service Node work, along with new members of the development team that will be contributing to our future plans.

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June 01, 2017, 08:29:52 PM
 #409

We're aiming for a snapshot date of 1 August, with a block height that should fall on that date chosen as we get closer to that date.

People find it easier to think in dates than block height, so we've gone for date first.

There will be another Slack ama in about two weeks to give progress updates, explain the enterprise strategy, our new partnerships and introduce the lead developer for the Service Node work, along with new members of the development team that will be contributing to our future plans.

not too far away. are you guts still deciding how the snapshot occur?


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June 01, 2017, 08:53:28 PM
 #410

There is still a lot of time to accumulate SPR before snapshot. Got to scoop some more SPR. They  are so cheap right now.




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June 01, 2017, 09:30:46 PM
 #411

Is it ok to keep the SPR in the exchange or should we move it into the wallet before the snapshot?

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June 01, 2017, 09:41:15 PM
 #412

Thanks @e1ghtspace for the video on how to sign a message from your Spreadcoin wallet.

Sent some coins for your contribution.

https://www.youtube.com/watch?v=mV8l6MPOtSU&t=1

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June 01, 2017, 10:12:03 PM
 #413

We're aiming for a snapshot date of 1 August, with a block height that should fall on that date chosen as we get closer to that date.

People find it easier to think in dates than block height, so we've gone for date first.

There will be another Slack ama in about two weeks to give progress updates, explain the enterprise strategy, our new partnerships and introduce the lead developer for the Service Node work, along with new members of the development team that will be contributing to our future plans.

not too far away. are you guts still deciding how the snapshot occur?


We have paid for a second block explorer here: https://chainz.cryptoid.info/spr/


Both will be used to ensure accuracy once we take the snapshot of the Spreadcoin blockchain at block height X (to be announced closer to the August 1st date). After that time we will be moving focus onto the launch of the Helium network itself and the duties that come with that responsibility. Once we are up and running smoothly the coin redemption window will open where holders of SPR can redeem them for Helium on at 1:1 basis. Details on this will be provided as we move closer to the end of the summer.

=======================================================


Thank you all for your patience as we have quietly built up the foundations of what will be one of the most utility driven networks in the World. I know the wait can be a bit tedious at times however we are accomplishing goals the proper way which often entails taking our time to ensure quality. The wait is coming to an end as our focus begins to shift towards launching Helium. For more information on the above announcement, visit us in the Helium Slack channel:

https://heliumslack.herokuapp.com/

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June 02, 2017, 04:36:25 AM
 #414

We're aiming for a snapshot date of 1 August, with a block height that should fall on that date chosen as we get closer to that date.

People find it easier to think in dates than block height, so we've gone for date first.

There will be another Slack ama in about two weeks to give progress updates, explain the enterprise strategy, our new partnerships and introduce the lead developer for the Service Node work, along with new members of the development team that will be contributing to our future plans.

not too far away. are you guts still deciding how the snapshot occur?


We have paid for a second block explorer here: https://chainz.cryptoid.info/spr/


Both will be used to ensure accuracy once we take the snapshot of the Spreadcoin blockchain at block height X (to be announced closer to the August 1st date). After that time we will be moving focus onto the launch of the Helium network itself and the duties that come with that responsibility. Once we are up and running smoothly the coin redemption window will open where holders of SPR can redeem them for Helium on at 1:1 basis. Details on this will be provided as we move closer to the end of the summer.

=======================================================


Thank you all for your patience as we have quietly built up the foundations of what will be one of the most utility driven networks in the World. I know the wait can be a bit tedious at times however we are accomplishing goals the proper way which often entails taking our time to ensure quality. The wait is coming to an end as our focus begins to shift towards launching Helium. For more information on the above announcement, visit us in the Helium Slack channel:

https://heliumslack.herokuapp.com/




Can you answer the question about exchange involvement in the coin distribution? It's ok if you're still unsure, I'd just like to know if you're attempting to get SPR exchanges involved or if you already know for sure that exchanges won't be involved. Any insight would be appreciated, thanks.


We are in discussions with Bittrex to work with us in conjunction with the snapshot date and the subsequent coin redemption. Once all of the details between the two parties have been confirmed, we will share that information with the community. The only exchange that supports SPR that we are planning to work with is Bittrex (sorry yobit).



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bathrobehero
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ICO? Not even once.


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June 02, 2017, 05:46:28 AM
 #415

Slack is annoying, not everyone is using it so all info should make it here considering it started here.

Anyway, what's wrong with spreadx11 algo?

If it will be plain old x11, many people will just dump and move on.

RIP Bittrex
Johnny00
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🔵 Brickblock.io - Future of Stock Trading


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June 02, 2017, 09:48:28 AM
 #416

Slack is annoying, not everyone is using it so all info should make it here considering it started here.

Anyway, what's wrong with spreadx11 algo?

If it will be plain old x11, many people will just dump and move on,

Coins101 responded. Check the may 29 message at 524am. Too long for me to copy and paste each line


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bathrobehero
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June 02, 2017, 11:56:02 AM
 #417

Slack is annoying, not everyone is using it so all info should make it here considering it started here.

Anyway, what's wrong with spreadx11 algo?

If it will be plain old x11, many people will just dump and move on,

Coins101 responded. Check the may 29 message at 524am. Too long for me to copy and paste each line

Thanks.

There's a lot of misconceptions and backwards logic in that slack.

You don't design a coin with ASICs in mind, you try to make a stable coin and if it grows large enough that it can support the R&D cost of ASICs someone will invest into them. Coins usually try to move away from ASICs (which is mostly why there are 40+ mineable hashing algorithms) but this coin is running towards ASICs. Coming from Spreadcoin that's all for decentralization and moving to ASICs which are not well centralized it's weird to say the least.

There will be a Spreadcoin swap but HLM will "maintain as close a build to DASH as possible until we dec-couple from their releases".

So it's safe to say that it will start with X11 which means due to multipools and the general nature of ASIC owners, most miners won't even know they were mining HLM as they get paid out in BTC.

And due to the speed of ASICs and the limitation of a single algo difficulty retarget the network will very likely have super fast and super low periods - unless a huge amount of ASICs will mine it 0-24h.

The more I read about HLM the more I think the coin takes 2 steps back for every step taken forward.

RIP Bittrex
jjjordan
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June 02, 2017, 01:05:39 PM
 #418

Slack is annoying, not everyone is using it so all info should make it here considering it started here.

Anyway, what's wrong with spreadx11 algo?

If it will be plain old x11, many people will just dump and move on,

Coins101 responded. Check the may 29 message at 524am. Too long for me to copy and paste each line

Thanks.

There's a lot of misconceptions and backwards logic in that slack.

You don't design a coin with ASICs in mind, you try to make a stable coin and if it grows large enough that it can support the R&D cost of ASICs someone will invest into them. Coins usually try to move away from ASICs (which is mostly why there are 40+ mineable hashing algorithms) but this coin is running towards ASICs. Coming from Spreadcoin that's all for decentralization and moving to ASICs which are not well centralized it's weird to say the least.

There will be a Spreadcoin swap but HLM will "maintain as close a build to DASH as possible until we dec-couple from their releases".

So it's safe to say that it will start with X11 which means due to multipools and the general nature of ASIC owners, most miners won't even know they were mining HLM as they get paid out in BTC.

And due to the speed of ASICs and the limitation of a single algo difficulty retarget the network will very likely have super fast and super low periods - unless a huge amount of ASICs will mine it 0-24h.

The more I read about HLM the more I think the coin takes 2 steps back for every step taken forward.

I also asked the slack, but here it is:
What about Ethereum? I think they've done it pretty well (PR, financial and tech), biggest crypto market cap (excl. BTC) and yet - no ASICs. Or I got it wrong?
MintCondition
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Hoqu.io – Decentralized Affiliate platform


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June 02, 2017, 01:16:16 PM
 #419

I'm interested to this project, I will start creating video about this coin to support before it launch, I hope that this project will become successful in the future! Goodluck devs.

.....HOQU....
.MARKETING OF THE FUTURE!.






                                              
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June 02, 2017, 01:29:33 PM
 #420

Slack is annoying, not everyone is using it so all info should make it here considering it started here.

Anyway, what's wrong with spreadx11 algo?

If it will be plain old x11, many people will just dump and move on.

agree keep the current algo, we can retain our optimization, and don't waste money again on private thing...
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