🎀 [ANN] HANACOIN ~ NEW GPU MINEABLE COIN 🎀

[pixel8or]

Noob question. Does a coin have to be listed on an exchange before it starts showing up on CoinMarketCap?

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[pixel8or]

My apologies if it seems I'm spamming the thread. Just a little excited to be so new to crypto and getting in on a new project on it's launch day, I guess. 

Just wanted to point out that I tried ccminer 2.2.6 today, was on 2.2.2. I'm seeing about 4 MH/s more on my 2x GTX 1060s with 2.2.6.

Also, just as a "for what it's worth", I can mine Hana on my GTX 760 2GB card - what my old, reliable desktop PC is still running.

https://s19.postimg.cc/xxwa0beur/Hana_CCmine01.jpg


I know... a whopping 1190-ish kH/s, but hey, every bit counts, right? Without using the "-i" setting in the .bat file it defaults to intensity 18. Makes for a rather slow desktop. I'll just be letting it run at night.

[isthisusernametaken]

Noob question. Does a coin have to be listed on an exchange before it starts showing up on CoinMarketCap?

Hi pixel8or,
Yes and no. Coinmaketcap only lists coins from particular exchanges or when a coins market cap/trade volume reaches a certain level.
Regards,
Kirk

[isthisusernametaken]

Where can i see the difficulty graph for Hanacoin?
Also when will you be listed on any exchanges?

Hi gorsek1,
The current diff is shown here https://explorer.hanacoin.com/. We haven't added a graph yet, however, the other pool explorers have graphs (https://weekendpool.net/explorer/HANA). A full list of alternative pools is on our website https://www.hanacoin.com/#alternative-mining-setup

We do not have any immediate plans to list on an exchange. We are currently in the accumulation phase and building up the brand.

Our discord covers some of these questions, feel free to come and join over there: https://discord.gg/Utq9z9R

[Hanacoin]

https://explorer.hanacoin.com/
Here is our coin explorer. However, the network GH/s is not accurate because our current explorer does not work well with Lyra2rev2. We are working on this issue at the moment. You can see that Hanapool alone is currently at 35ghs where as the explorer is reporting the total network to be at 30ghs. https://www.hanapool.hanacoin.com/
Listing on exchanges a little later in the year. You can trade on our discord channel in the meantime. Just look for the trading tab.

[fire-lion]

https://hashnice.pw/images/logo.png

New Pool here!!
https://hashnice.pw

-a lyra2rev2 -o stratum+tcp://hashnice.pw:4534 -u <WALLET_ADDRESS> -p c=HANA

or

-a lyra2v2 -o stratum+tcp://hashnice.pw:4534 -u <WALLET_ADDRESS> -p c=HANA
 

[pixel8or]

I did some casual comparison with HanaPool and a couple others. Granted, I, and my humble 2x GTX 1060 rig, may not be the best suited for such a task, but I'm noticing HanaPool payments are considerably lower than WeekendPool and SmithPool... like, by half.

Hanapool sample (average one hour):
https://s19.postimg.cc/924oie0tf/Hana_Pool_Pmts01.jpg

WeekendPool sample (hourly payments):
https://s19.postimg.cc/c8z820djn/Hana_WEPPmts01.jpg


Am I missing something, or is HanaPool a serious waste of hashpower?

[isthisusernametaken]

I did some casual comparison with HanaPool and a couple others. Granted, I, and my humble 2x GTX 1060 rig, may not be the best suited for such a task, but I'm noticing HanaPool payments are considerably lower than WeekendPool and SmithPool... like, by half.

Hanapool sample (average one hour):
https://s19.postimg.cc/924oie0tf/Hana_Pool_Pmts01.jpg

WeekendPool sample (hourly payments):
https://s19.postimg.cc/c8z820djn/Hana_WEPPmts01.jpg


Am I missing something, or is HanaPool a serious waste of hashpower?

Hi pixelator,

We haven't had this reported before.
From having a very quick look, I can see weekendpool.net has 62 miners. From memory, weekendpool miners are the total workers connected, not accounts (not sure if this has changed in the last few days). Hanapool has 60 connected miners (these are accounts, not workers). So when hanapool wins a block, it will be split between more accounts. I suspect this is the reason for the lower quantity.

We have been working on an issue with miningcore(the pool software) where the pool hashrate returned in the API is displaying higher than it should for Lyra2REv2. It doesn't affect the underlying hash it is a multiple applied to the display only. Here is a link to the issue: https://github.com/coinfoundry/miningcore/issues/211

[pixel8or]

Thanks for the quick reply, Kirk.

We haven't had this reported before.
From having a very quick look, I can see weekendpool.net has 62 miners. From memory, weekendpool miners are the total workers connected, not accounts (not sure if this has changed in the last few days). Hanapool has 60 connected miners (these are accounts, not workers). So when hanapool wins a block, it will be split between more accounts. I suspect this is the reason for the lower quantity.

Well, regardless of the issue, the bottom line for this lowly miner is coins/hr and HanaPool is severely lagging behind the likes of WeekendPool. I was using SmithPool, with similar higher results, as well, but they seem to be having a problem staying online.

We have been working on an issue with miningcore(the pool software) where the pool hashrate returned in the API is displaying higher than it should for Lyra2REv2. It doesn't affect the underlying hash it is a multiple applied to the display only. Here is a link to the issue: https://github.com/coinfoundry/miningcore/issues/211

Yeah, that was something else I was wondering about. WeekendPool is currently showing 62 miners with 6.6 Gh/s, and HanaPool has 61 "miners" (accounts?) with over 31 Gh/s.

[isthisusernametaken]

Well, regardless of the issue, the bottom line for this lowly miner is coins/hr and HanaPool is severely lagging behind the likes of WeekendPool. I was using SmithPool, with similar higher results, as well, but they seem to be having a problem staying online.

Completly understand, I'm always chasing the best payout with my miners on other coins as that's what makes it worthwhile.

I have reached out to Smithpool. Not sure what issues they are having. I cant see anything current on their Discord.

I will look further at hanapool but I suspect it will come down to the same explanation. We will have similar hashrate to weekendpool but more accounts mining to generate that hash so more accounts to share with.

Yeah, that was something else I was wondering about. WeekendPool is currently showing 62 miners with 6.6 Gh/s, and HanaPool has 61 "miners" (accounts?) with over 31 Gh/s.

Accounts = unique wallet addresses
Workers = all workers under a wallet address
For example, 1 wallet address could have 3 workers (miner1, miner2, miner3) etc.

A few days ago Weekendpool was showing 1000+ miners, this was because they had 1 wallet running 800+ workers.

Just explaining what I meant by Account V Workers.

I will dig deeper into hanapool.

[pixel8or]

Accounts = unique wallet addresses
Workers = all workers under a wallet address
For example, 1 wallet address could have 3 workers (miner1, miner2, miner3) etc.

Ah, ok... got it. Appreciate the explanation.

[guardiase]

Hey all.
Their idea is rather engaging in my mind.
Apperceptive job, interesting website.

I commend them on what direction they are going with this project, especially foregoing the privacy and proof-of-stake/masternode aspects that many other coins are attempting to use. Although the coin only uses Proof-of-Work (PoW), in my opinion that will help to keep a higher value as opposed to Proof-of-Stake (PoS) and/or Masternode coins because of the lower rate of new coins being minted. As long as the block times stay consistently fast even as it approaches max supply of 122.5 million and continues to be ASIC and hack-resistant, I can see this being really successful.

[pixel8or]

As long as the block times stay consistently fast even as it approaches max supply of 122.5 million and continues to be ASIC and hack-resistant, I can see this being really successful.

That's the technical aspect. I'm very interested in the marketing focus. Targeting youth, e-sports, and talent from universities sounds like a smart thing. And considering the CEO and COO are from a very successful specialty sporting goods company, I can see them pulling that off. It would be cool to see, when the time comes, if they provide English versions of their South Korean marketing campaigns to give us an idea of how things are going.

There are a number of things about this project that appeal to me. And, as I said before, I'm excited to be in on the ground floor. I'm new at this and having to start low and slow, but I'll be throwing every dollar I have into expanding my meager miner over the next few months and devoting it all to Hana for the long run. That may end up being a big, wasteful mistake... or it might be one of the smartest things I've ever done.

[pixel8or]

I posted this in the Ravencoin thread, but I think it's relevant here, as well.

There are some interesting comments by Kristy-Leigh Minehan (OhGodAGirl), CEO and Cofounder of Mineority, on the subject of ASIC resistance. Jump to 12:45 where she starts with, "No Proof of Work is safe."

https://www.youtube.com/watch?v=A3i3jpJqgoo

Particularly at 14:47, "There is no such thing as ASIC resistance."

Would love to hear your thoughts on this, Kirk.

[isthisusernametaken]

I posted this in the Ravencoin thread, but I think it's relevant here, as well.

There are some interesting comments by Kristy-Leigh Minehan (OhGodAGirl), CEO and Cofounder of Mineority, on the subject of ASIC resistance. Jump to 12:45 where she starts with, "No Proof of Work is safe."

https://www.youtube.com/watch?v=A3i3jpJqgoo

Particularly at 14:47, "There is no such thing as ASIC resistance."

Would love to hear your thoughts on this, Kirk.

Hey pixel8or,
Kristy-Leigh is spot on. The design of Lyrs2REv2's defensive mechanism is in multi algorithms. It only takes a manufacturer to develop a multicore board to break this. You can chain more algo's but this is not a good solution. Changing algo's won't have much effect as you can just send out an update to change the algo on the chip.
I don't have a solution and at present, there isn't a holistic solution in the market. 
Our intentions with our graduate program are to develop new ideas to defend against ASIC miners and/or delay the ability for asic miners to overtake the hash power of our network. Forking the coin to a new algo is definitely on the cards once ASIC mining is readily available for Lyrs2REv2.

[pixel8or]

Thanks for the open and honest discussion on this matter, Kirk. I guess we simple GPU miners are simply going to have to get what we can while the gettin' is good.

Our intentions with our graduate program are to develop new ideas to defend against ASIC miners and/or delay the ability for asic miners to overtake the hash power of our network.

Long live the resistance! May the GeForce be with us.

[isthisusernametaken]

***UPDATES***

Website updates:
Added instructions for mkxminer setup
Added instruction for wallet maintenance

Hanapool updates:
Added HANA mined by pool.
Removed Connected Peers (Available on explorer)
Added 100 block payment confirmation notification

[xyburcoin]

Is it possible to solo mine this coin?

Thanks! and very promising project.

[Hanacoin]

Is it possible to solo mine this coin?

Thanks! and very promising project.

Yes, if you look back through this thread, around page 3 to 5 you should find some info on it.

[JoelNYSM]

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