[PRE-ANN][HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast

[instacalm]

you need independent escrow for the IPO

I'm open to this idea.  I'll speak to Nomisugi tomorrow and make a decision.  Maybe a senior forum member or do you have another suggestion?

I'd suggest Anon136 from my side but any independent and trusted senior forum member should be fine. Thank you!

[keccak512]

We will be working with devs to ensure everything will be working on launch! First pool!



Stablehash Features:

• 48GB DDR3 ram + Xenon 4/8 core processor
• 2TB HDD + RAM memcache
• 160 Gbps DDoS mitigation
• 99+% efficiency
• 99+% uptime
• VARDIFF
• Commitment to uptime and stability
• IRC chat

http://heavy.stablehash.com/

0% fee for next 50 miners!

Looking good, we have to make sure it working for the mining launch.  I'll be in contact with you.

[cryptohunter]

A cpu coin needs to crush these cheap means to suck up all of the minting. CPU power is cheap for them to give out, but RAM still costs them. If people want to rape cpu coins with vps nodes and instances make them pay the price and have to splash on the most RAM as possible. It will actually increase the stability and price of the coin.

Fair point, but although increasing memory may help curb botnets (yet to be seen), it does not stop GPU/ASICs, which we consider to be a much larger threat to decentralized mining.  GPU and ASIC farms have orders of magnitude more hashing power than botnets, which should be more on par with a modest size CPU-pool.

I personally do not think much can be done about botnets, which is why Heavycoin does not prioritize thwarting them over GPU/ASIC miners.  Meanwhile, GPUs and ASICs are still able to mine memory-hard coins with astronomical advantage.  Memory-hard is clearly not working.

We think it's time for a different approach.

asics are able to mine memory hard coins? i'm not sure that is the case. Also i'm not sure gpu's can mine memory hard coins once the N factor rises to a good level? are you sure about this fact.  Which asics are they and which memory hard coins can they mine?

I just want to know how this cpu coin will change anything with regards the distribution over say well...... any other cpu only coin before it?  Please explain how this will be an advatage over say primecoin? as far as i know this is still a pure cpu coin but again the hoarders are those that were botnet operators or those that just jumped on with cheap vps nodes.

What is this different approach to cpu only coins that have come before you?

I don't see any issue with the ipo or premine, if people wish to opt in that's their choice. However for most people with a few i5 or i7 i see no more opportunity here than on the previous cpu only coins. So pointless unless you wish to jump on amazon instances or fire up your botnet.

[keccak512]

Added to Cryptocoins Calendar looking forward to seeing this, all the best with the release.

That's great!  Thanks.

[doge94]

Perhaps I may have missed something but what stops someone from running multiple instances of heavycoin to submit more than 1 vote?

[Jonesd]

Very promising!

[keccak512]

asics are able to mine memory hard coins? i'm not sure that is the case. Also i'm not sure gpu's can mine memory hard coins once the N factor rises to a good level? are you sure about this fact.  Which asics are they and which memory hard coins can they mine?

For ASICs it's theoretically possible, but ATM the only scrypt ASIC I know of is for Litecoin, which has a lower N factor.  It's only a matter of time before they can scale them up to handle higher N factors.  A select few specialists could already have this.  We can only look at the difficulty and wonder.

I just want to know how this cpu coin will change anything with regards the distribution over say well...... any other cpu only coin before it?

There's only one way to find out. 

Please explain how this will be an advatage over say primecoin? as far as i know this is still a pure cpu coin but again the hoarders are those that were botnet operators or those that just jumped on with cheap vps nodes.

They are working on a Primecoin GPU miner.  I don't know what stage they are at, but it's possible.  http://xpmwiki.com/index.php?title=ReaperPrime

What is this different approach to cpu only coins that have come before you?

GPU miners rely on the SIMD paradigm.  We've tried to move away from SIMD with our cryptographic hash function.  Primecoin has some nested loops and logic that's not conducive to GPUs.   It wasn't designed to be GPU resistant, it just happens to be a pain.  But progress is being made.  In contrast, our approach takes it a step further with the intention of always being GPU resistant.

[otila]

The tops bits A will have been through more rounds of the compression function.

No. That is only one round of compression function.  32bit word "A" is getting mixed around just as much as the seven other words in the 64 rounds.

[keccak512]

Perhaps I may have missed something but what stops someone from running multiple instances of heavycoin to submit more than 1 vote?

The short answer is proof-of-work.

We are using the block chain for decentralized voting.  Proof-of-work keeps vote spam down.  Users can run as many instances as they like, there will still be 1 vote every 2 minutes.

[keccak512]

The tops bits A will have been through more rounds of the compression function.

No. That is only one round of compression function.  32bit word "A" is getting mixed around just as much as the seven other words in the 64 rounds.

During each round A, B, ...., G get "shifted" right.  After 8 rounds the bits in A have been through the compression function 8 more times than those in H.  After 64 rounds, the bits in A have been "mixed" 64 times while the bits in H have been "mixed" 56 times.  

[otila]

During each round A, B, ...., G get "shifted" right.  After 8 rounds the bits in A have been through the compression function 8 more times than those in H.

Still no. As you can see, A is S[0] in the code in round one and in round two it gets the same treatment as B in round one.

[doge94]

Perhaps I may have missed something but what stops someone from running multiple instances of heavycoin to submit more than 1 vote?

The short answer is proof-of-work.

We are using the block chain for decentralized voting.  Proof-of-work keeps vote spam down.  Users can run as many instances as they like, there will still be 1 vote every 2 minutes.

So this means that the block finder votes? Just trying to understand what this means for pools.

[keccak512]

Perhaps I may have missed something but what stops someone from running multiple instances of heavycoin to submit more than 1 vote?

The short answer is proof-of-work.

We are using the block chain for decentralized voting.  Proof-of-work keeps vote spam down.  Users can run as many instances as they like, there will still be 1 vote every 2 minutes.

So this means that the block finder votes? Just trying to understand what this means for pools.

Yes.

these are good questions for the forum.  thanks

[neonemu]

Taking the plunge.  So far all 5M are mine

Heavycoin Public Key:   0481528349984d04bab49119be7f870ac8253c79545c9e7593ce8d564e137e5ef2adf2d0b556715 f6dba65f19349d3a5d0c0b11addf83c692fc2c3a0fd38dc2891
Bitcoin Transaction ID: 116318ad8f873242d0adcf2d9ce873ae47d1afe5327568830c1ca6259eabe7e8
Amount sent: 1 BTC

[truckythin]

hi keccark512,

Seem like potential coin with good team and passion. I'd like to invest into IPO phase, just some concern that need some information from you.
Is there any public profile of devs, or team or even you, because i need those guys can be trusted just incase.
And we know who you guys are, where' you from...blah...blahh...

One more last question, that is about the IPO invest, how do we know how many ppl are investing to IPO phase, so how do we know the share percentage?
Could we make the IPO invest more transparent or summary on OP?

If you're seriously want to making business with this coin, i think those information would be great for me to know.
So, waiting on your information.

Thanks.

[neonemu]

One more last question, that is about the IPO invest, how do we know how many ppl are investing to IPO phase, so how do we know the share percentage?
Could we make the IPO invest more transparent or summary on OP?

https://blockchain.info/address/19VzBYvffPj4JcJM6ieNBXLEY9dJBQ2oXa

[xiaoshen]

This coin what specific time emission?

[ymer]

One more last question, that is about the IPO invest, how do we know how many ppl are investing to IPO phase, so how do we know the share percentage?
Could we make the IPO invest more transparent or summary on OP?

https://blockchain.info/address/19VzBYvffPj4JcJM6ieNBXLEY9dJBQ2oXa

20 BTC  

Definitely not his own coins going to his own wallet to get the largest part of the premine.

 

[alpes117]

Heavycoin Public Key: 0496d0c782bac98a6362919c7e4c4536b49b14baa83908c37441952f9ce9c2733c7d58666592829 7d34d5e12e8a0883615e7b5dacd7d6eb4a47d60092affba1ea9
Bitcoin Transaction ID: 62c819d2ac530d42bbbc8e7071f83db7c43e4473a2524f280a6e224c011fe032
Amount sent: 0.2 BTC

[ymer]

Heavycoin Public Key: 0496d0c782bac98a6362919c7e4c4536b49b14baa83908c37441952f9ce9c2733c7d58666592829 7d34d5e12e8a0883615e7b5dacd7d6eb4a47d60092affba1ea9
Bitcoin Transaction ID: 62c819d2ac530d42bbbc8e7071f83db7c43e4473a2524f280a6e224c011fe032
Amount sent: 0.2 BTC

New user posting on a IPO.

Screw this Pre-SCAM