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

[mafostedu]

I am constantly refreshing this link http://heavychain.info/reward
Either the graph is wrong or I am missing something.
I can only see 3 kind of votes every time on that page, (0/1, 512 or 1024) I have never seen any 4th kind of vote there !!
Today each of my 3 rigs found 1 block each & I have set vote to 128 on all of them. I have never seen 128 pointing graph on that page.
Can somebody explain me what's going on ?

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[cayars]

.... want to understand how the transition of limit to sustain is going to work in the real world and is going to want to understand the logic behind this sudden block reward drop from the devs.

You keep saying there will be a sudden drop in the block reward as we enter into the sustain phase.   All of this is speculation, whereas in reality it depends entirely on decentralized voting.

Although the max vote will certainly drop in the sustain phase (a requirement for assuring the long-term duration of the sustain phase), no one knows whether decentralized voting will have already reduced the block reward during the remainder of the mint phase and limit phase.

It is entirely possible that the block reward vote will already be significantly lower than it is now before we draw near to the sustain phase, in which case there would not be a significant drop.  During the limit phase the block reward could be voted down to double digits, in which case there would not be a sudden drop.  Similarly it is also possible (again depending on voting) for the mint phase to continue on significantly longer.  For example, if miners dropped their vote from 512 to 256, this would double the time until the limit phase.

Finally, whether such a block reward drop (if it would happen) would be good or bad is debatable.  Overall, we will not interfere with the decentralized block reward voting.  It is completely up to the voting how long the mint phase lasts and how much HVC is mined in the limit phase.  That was our promise from the start and we will stick to it.

Thank you for this response.  What I've been asking for.

Yes you are correct I keep saying "sudden drop" because that is what I think is going to happen.  Would you agree with the following 2 items:
   Regardless of any voting being done the sustain phase will pay out AT MOST 8 HVC per 2 minute block?
   Current reward at present is 582 HVC per block?

We are just about exactly one month from launch and we have a supply of 23,096,642 HVC.
The mint phase consists of 45,000,000 HVC so we are just about half done the Mint phase with current voting.  This leaves approximately 1 month at current voting left in Mint phase.
Limit phase is exactly 56 days and will contain exactly 63,476 blocks.

Now the tricky part.  The voting will determine the reward per block during this 56 day period correct?

Now I agree in an ideal world and if everyone works together properly the limit phase could allow a transition from the current block reward down to the 8 HVC block reward which really needs to happen wouldn't you agree for a smooth transition?

I keep saying a "sudden drop" because I think people are being greedy and just trying to get as much out of the coin as possible right now without worry later. If everyone works together we could be fine as long as the value during this 3 month period increments at a proportional level to the smaller and smaller block rewards.

If things don't change and people keep voting at present levels, (what they are voting now), what will the block reward look like during the limit phase?

Thanks,
Carlo

[Anotheranonlol]

Thank you for this response.  What I've been asking for.

Yes you are correct I keep saying "sudden drop" because that is what I think is going to happen.  Would you agree with the following 2 items:
   Regardless of any voting being done the sustain phase will pay out AT MOST 8 HVC per 2 minute block?
   Current reward at present is 582 HVC per block?
Thanks,
Carlo

Yes,but you'd expect the price to increase proportionally with the reduction in block rewards, However it would be nonsense to imagine an instantaneous 72x increase in price, Seems that it would be prudent as a miner and supporter of the coin to start sliding down your votes as the sustain phase approaches to create a smooth transition.

How does heavycoin compare to UTC ? I have been holding UTC... the transaction speed is very fast... so much better than BTC... It takes over 30 mins for BTC so I don't understand how it can be a mainstream thing... too slow!

They HVC speed conf times are fast, it compares favorably.

[Coindgr]

I'm getting a lag in the pc when I'm mining Heavycoin with my r9 280x. When I try to move the windows or minimize a program, it lags sometimes.

Only me??

[nomisugi]

I am constantly refreshing this link http://heavychain.info/reward
Either the graph is wrong or I am missing something.
I can only see 3 kind of votes every time on that page, (0/1, 512 or 1024) I have never seen any 4th kind of vote there !!
Today each of my 3 rigs found 1 block each & I have set vote to 128 on all of them. I have never seen 128 pointing graph on that page.
Can somebody explain me what's going on ?

These 3 recent blocks all have vote set to 128:

23207
23249
23269

You can also use voting chart on http://heavycoin.github.io/voting-graph.html - it's refreshing itself automatically.

[cayars]

Yes,but you'd expect the price to increase proportionally with the reduction in block rewards, However it would be nonsense to imagine an instantaneous 72x increase in price, Seems that it would be prudent as a miner and supporter of the coin to start sliding down your votes as the sustain phase approaches to create a smooth transition.

Exactly, we need/have to go from 582 to 8 HVC reward in approximately 90 days time with a proportional increase in value to offset the difficulty and still keep the coin slightly profitable to mine. It's possible to do but each and every day the votes stay high just makes it harder and harder to accomplish.  Right now the current vote is approximately the same as when it started or roughly in the middle.  If this doesn't change then we'll have the cliff on the 1st day of sustain.

[cryptomines]

You can also use voting chart on http://heavycoin.github.io/voting-graph.html - it's refreshing itself automatically.

Great chart!

[digital7]

if below 3k satoshi i have buy 1M HVC support this coin

[mafostedu]

I am constantly refreshing this link http://heavychain.info/reward
Either the graph is wrong or I am missing something.
I can only see 3 kind of votes every time on that page, (0/1, 512 or 1024) I have never seen any 4th kind of vote there !!
Today each of my 3 rigs found 1 block each & I have set vote to 128 on all of them. I have never seen 128 pointing graph on that page.
Can somebody explain me what's going on ?

These 3 recent blocks all have vote set to 128:

23207
23249
23269

You can also use voting chart on http://heavycoin.github.io/voting-graph.html - it's refreshing itself automatically.

Oh ! I see now, Thanks for the link.

[massiveman]

I am constantly refreshing this link http://heavychain.info/reward
Either the graph is wrong or I am missing something.
I can only see 3 kind of votes every time on that page, (0/1, 512 or 1024) I have never seen any 4th kind of vote there !!
Today each of my 3 rigs found 1 block each & I have set vote to 128 on all of them. I have never seen 128 pointing graph on that page.
Can somebody explain me what's going on ?

These 3 recent blocks all have vote set to 128:

23207
23249
23269

You can also use voting chart on http://heavycoin.github.io/voting-graph.html - it's refreshing itself automatically.

Oh ! I see now, Thanks for the link.

any news on this potential scrypt pool for heavycoin?

[kqpahv]

Yes,but you'd expect the price to increase proportionally with the reduction in block rewards, However it would be nonsense to imagine an instantaneous 72x increase in price, Seems that it would be prudent as a miner and supporter of the coin to start sliding down your votes as the sustain phase approaches to create a smooth transition.

Exactly, we need/have to go from 582 to 8 HVC reward in approximately 90 days time with a proportional increase in value to offset the difficulty and still keep the coin slightly profitable to mine. It's possible to do but each and every day the votes stay high just makes it harder and harder to accomplish.  Right now the current vote is approximately the same as when it started or roughly in the middle.  If this doesn't change then we'll have the cliff on the 1st day of sustain.

I am a HVC supporter and investor but I absolutely agree with Carlos on this one. Having a huge reward cliff like that is really dangerous for the coin. There might be small chance that the coin will survive it but it would be much safer and healthier to start voting the rewards down gradually.
As most miners seem to be too stupid or greedy to realize this we would need some sort of community initiative to reward low votes. One example could be a pool that gives out extra rewards for blockfinders with a low vote. This could be subsidized by the community with donations for example.

[zhpool]

Yes,but you'd expect the price to increase proportionally with the reduction in block rewards, However it would be nonsense to imagine an instantaneous 72x increase in price, Seems that it would be prudent as a miner and supporter of the coin to start sliding down your votes as the sustain phase approaches to create a smooth transition.

Exactly, we need/have to go from 582 to 8 HVC reward in approximately 90 days time with a proportional increase in value to offset the difficulty and still keep the coin slightly profitable to mine. It's possible to do but each and every day the votes stay high just makes it harder and harder to accomplish.  Right now the current vote is approximately the same as when it started or roughly in the middle.  If this doesn't change then we'll have the cliff on the 1st day of sustain.

I am a HVC supporter and investor but I absolutely agree with Carlos on this one. Having a huge reward cliff like that is really dangerous for the coin. There might be small chance that the coin will survive it but it would be much safer and healthier to start voting the rewards down gradually.
As most miners seem to be too stupid or greedy to realize this we would need some sort of community initiative to reward low votes. One example could be a pool that gives out extra rewards for blockfinders with a low vote. This could be subsidized by the community with donations for example.

I don't think pool or HVC developer should suggest miner to vote low, miners should make their own choice, though we really want to.

But it is our reponsibility to educate our miner how to make the best choice.

Anyway, we will consider your suggestion.

ZhPool

[kriegalex]

I'm getting a lag in the pc when I'm mining Heavycoin with my r9 280x. When I try to move the windows or minimize a program, it lags sometimes.

Only me??

I also encountered the same problem


I hope someone can answer

[kriegalex]

if below 3k satoshi i have buy 1M HVC support this coin

Hope that your dream can come true
Then the price directly to fly to the moon

[crypto_girl]

I'm getting a lag in the pc when I'm mining Heavycoin with my r9 280x. When I try to move the windows or minimize a program, it lags sometimes.

Only me??

I also encountered the same problem


I hope someone can answer

Intensity is too high. Set -I to 1 or 2, I get 18Mh/s with -I 2 instead of 20Mh/s with -I 6 but at least it doesn't lag (AMD R9 280X by the way)

[kriegalex]

With the current vote being 553 I don't think many miners have changed the vote from the default -v 512. We don't need the devs to change anything, just need to raise awareness, the vote gives us control of money supply and mint rate if we can organize ourselves.

 The coin won't be 90% mined at the end of the mint phase, We have a max potential coin supply of 128 million, it could be less than 50% mined at the end of the mint phase.

Voting can have a lot of deception in the inside of the ingredients

I would also like you

Wish us luck

[wizzardTim]

Guys I can't register on MintPal..been trying since days.

[ibinsad]

Time to buy and vote 1

[Chopes]

I'm getting a lag in the pc when I'm mining Heavycoin with my r9 280x. When I try to move the windows or minimize a program, it lags sometimes.

Only me??

Of course not
I will also lag
Of course, if the degree is not serious
I don't think this is a problem

[Chopes]

i dont conform i nullify your votes 1024 forever hahaha

that is why democracy never works..i live in serbia ..we have now "democracu" but before we had it it was 100 times better...if you want to nou why democracy is bad just made a talk with awerage "voter" ..with 1024 you are just killing the coin and make it sht coin ..i set all my mashines to 1 .

i know its great !

Maybe democracy doesn't work, big deal, this is more about money than democracy. We, as an organized community, can control the mint rate and supply, all other coins have the supply rate and amount fixed by the developers.  You will notice he changed his vote to 1.

Thank you for your reminding me
You give us all a good tip
You are a good man
Good luck to you