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Author Topic: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast  (Read 541741 times)
Stratobitz
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April 16, 2014, 05:53:24 PM
 #4741

Dude look at Mintpal. Nothing being bought. No good orders. No demand. Sell is thin. This coin has lost its steam.

It will either be a slow decline to nothing or a swift death if people try to cash out while they can.

Bummer. We need a real CPU coin.  Even primecoin is now GPU.

Sigh.
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April 16, 2014, 06:13:48 PM
 #4742

Bummer. We need a real CPU coin.  Even primecoin is now GPU.

CPU-only is a myth. RIC has been real CPU-only from the start and still its value has tanked to the point where its not particularly profitable to mine and its viability is being questioned despite a highly active dev and a strong community that has launched a Foundation in support of the coin. XPM was CPU-only for months and months, and aside from a brief how-do-you-do in December, its price has been in steady decline since launch. The recent release of a GPU miner for XPM has had zero effect. Being CPU-only (or not) is a total red herring and has no bearing whatsoever on either the short-term or long-term viability of any coin. To suggest otherwise is either folly or deceit.

 
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April 16, 2014, 06:20:14 PM
 #4743

Bummer. We need a real CPU coin.  Even primecoin is now GPU.

CPU-only is a myth. RIC has been real CPU-only from the start and still its value has tanked to the point where its not particularly profitable to mine and its viability is being questioned despite a highly active dev and a strong community that has launched a Foundation in support of the coin. XPM was CPU-only for months and months, and aside from a brief how-do-you-do in December, its price has been in steady decline since launch. The recent release of a GPU miner for XPM has had zero effect. Being CPU-only (or not) is a total red herring and has no bearing whatsoever on either the short-term or long-term viability of any coin. To suggest otherwise is either folly or deceit.

 I do not quite disagree with you. So far, this is the case. However, I believe that in the future, as many "regular" people enter crypto, the need of a CPU-only coin will increase.

And since you mentioned RIC ... I love it (you can tell it from my sig  Tongue ) but RIC has another problem. The problem is that there are something like 10-15 persons that mine the most of it with some gigantic CPU-farms, so for anyone else is a lost case ...

Sorry for the off-topic, back to HVC, nothing to see here  Tongue 

My heart belongs to RieCoin (RIC), my investments to BlackCoin (BC)
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April 16, 2014, 06:27:49 PM
 #4744


 I do not quite disagree with you. So far, this is the case. However, I believe that in the future, as many "regular" people enter crypto, the need of a CPU-only coin will increase.

And since you mentioned RIC ... I love it (you can tell it from my sig  Tongue ) but RIC has another problem. The problem is that there are something like 10-15 persons that mine the most of it with some gigantic CPU-farms, so for anyone else is a lost case ...

Sorry for the off-topic, back to HVC, nothing to see here  Tongue 

There is MMC which is basically CPU-only (GPU advantage is next to nothing). It even has a kind of voting too. Still, its price trajectory is the same with any other recent alt.
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April 16, 2014, 06:40:32 PM
 #4745

You probably didn't mean to, but I think you did an excellent job of summarizing why people think CPU-only is important, but why in reality it isn't.
 
There's a perception that CPU-only is desirable because:

I believe that in the future, as many "regular" people enter crypto, the need of a CPU-only coin will increase.

But in fact, CPU-only is undesirable because:

The problem is that there are something like 10-15 persons that mine the most of it with some gigantic CPU-farms, so for anyone else is a lost case ...

Not everybody has a high-end GPU. I get that. But I would argue more mainstream users have a decent GPU than have a server or cluster.

 
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April 16, 2014, 07:05:28 PM
 #4746

You probably didn't mean to, but I think you did an excellent job of summarizing why people think CPU-only is important, but why in reality it isn't.
 
There's a perception that CPU-only is desirable because:

I believe that in the future, as many "regular" people enter crypto, the need of a CPU-only coin will increase.

But in fact, CPU-only is undesirable because:

The problem is that there are something like 10-15 persons that mine the most of it with some gigantic CPU-farms, so for anyone else is a lost case ...

Not everybody has a high-end GPU. I get that. But I would argue more mainstream users have a decent GPU than have a server or cluster.
Of course much the same is true with GPUs - there's quite a few GPU farms out there as well, and if a coin ends up being profitable enough, those will only grow (in number and size).

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April 16, 2014, 07:07:42 PM
 #4747

You probably didn't mean to, but I think you did an excellent job of summarizing why people think CPU-only is important, but why in reality it isn't.
 
There's a perception that CPU-only is desirable because:

I believe that in the future, as many "regular" people enter crypto, the need of a CPU-only coin will increase.

But in fact, CPU-only is undesirable because:

The problem is that there are something like 10-15 persons that mine the most of it with some gigantic CPU-farms, so for anyone else is a lost case ...

Not everybody has a high-end GPU. I get that. But I would argue more mainstream users have a decent GPU than have a server or cluster.

Well, it's all about perception. I feel better using my i7 than using my 280x. I am not afraid of the electricity cost. But, that's me ...

Many thanks for all comments, that's the reason why I like this community, you can discuss as a civilized person here.

My heart belongs to RieCoin (RIC), my investments to BlackCoin (BC)
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April 16, 2014, 07:47:18 PM
 #4748

I will still keep an eye on HVC, but right now I'm mostly out; if I had a big crypto wallet, I'd be glad to leave some value in HVC but it doesn't seem to be going anywhere right now and I need my assets to be active.

I might regret not having left earlier with a bigger profit, but I really wanted to double and hold, so I did; now I had to step out to break even before facing losses. Still, I think there's a good work behind and will be glad to jump back in if there's any developments.
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April 16, 2014, 07:51:21 PM
 #4749

I think HVC brings some very desirable features to GPU mining that would help push it to the head of the pack, especially in the summer heat. In fact, I'd go so far to say HVC would have far more value right now if it weren't for the voting bit. Here's my thinking. When HVC value goes down HVC faithful stay and mine and generally vote low. So we see the vote start to come down, great for long term mining. When HVC value goes up, miners come back and new miners come mine. Price is up so they vote high to get more of the coin at the higher value, the more the coin is worth the more HVC will likely see high votes. Watching the votes over the last week confirms my thoughts, as I'm sure I'm not the only one who has noticed more 1024 votes that coincide with the altcoin uptrend. More inflation happens faster with the high votes and the price goes down. I see it being a vicious cycle and a double dose of bad for the coin. The markets are volatile enough without internal volatility that this range of votes creates. It almost punishes the faithful because as hard as we work to lower the vote and extend the mint, if HVC hits a good value a flood of greedy miners can destroy all the work the faithful have done. During the low the faithful made a strong push, the 1 votes consistently outnumbered the 1024 votes, and we were almost at a sub 500 block  reward, then HVC price rise a tiny bit and the 1024 votes now outnumber the 1 votes. Imagine if the coin gained even more value, as much as I want it to, it will destroy the coin, quickly.

I think the best way forward is to knock a digit off the maximum vote and drop it to 150. Allow the mint phase to be mined for about a year even at maximum vote. This is a very small change that will benefit everyone.

I believe in HVC, I think we have a great community, but we will never be able to reason with greed. We need a lower max vote, please help us out here devs...
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April 16, 2014, 08:07:55 PM
 #4750

Let's not talk the coin down. All the negativity pulls down any goodwill that it has. Roll Eyes
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April 16, 2014, 08:54:40 PM
 #4751

Let's not talk the coin down. All the negativity pulls down any goodwill that it has. Roll Eyes

Yup...  HVC is dirt cheap folks!!!    Cool

Sadly, without a small adjustment by the devs to the max allowed vote, or a massive change of heart by miners to drop the vote, HVC will stay dirt cheap. Despite a strong effort by a number of HVC faithful to get the vote lower, the downtrend of the vote has reversed course and up it goes. Clearly logic does not trump greed. The events of the past days/week have brought stunning clarity to what will happen to HVC if its value drops and what happens if it rises even a small amount. I am a very outspoken supporter of HVC and will continue to be, but I'm not delusional, something has to change. I know I'm not the first one to say the max vote is too high.

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April 16, 2014, 10:25:19 PM
 #4752

Let's not talk the coin down. All the negativity pulls down any goodwill that it has. Roll Eyes

Yup...  HVC is dirt cheap folks!!!    Cool

Yea it is cheap. But honestly I just want it to hold so I can continue to sell, I'm doing so slowwwwwly. Over 400k. If I sold all at once I'd get nothing.

I was so psyched about this coin, but it turned out to be just another scrypt coin using GPU.

Who cares about voting. Voting never works. Just look at US elections.

I'm sorry to say that I must now say goodbye to HVC.

RIP.  Cry
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April 16, 2014, 10:43:36 PM
Last edit: April 16, 2014, 10:57:40 PM by incin
 #4753

80 GH/s network mining so still hash interest. I started from day 1 with cpu and on to GPU but I'm not mining it anymore.

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April 17, 2014, 03:49:09 AM
 #4754

Let's not talk the coin down. All the negativity pulls down any goodwill that it has. Roll Eyes

Yup...  HVC is dirt cheap folks!!!    Cool

Sadly, without a small adjustment by the devs to the max allowed vote, or a massive change of heart by miners to drop the vote, HVC will stay dirt cheap. Despite a strong effort by a number of HVC faithful to get the vote lower, the downtrend of the vote has reversed course and up it goes. Clearly logic does not trump greed. The events of the past days/week have brought stunning clarity to what will happen to HVC if its value drops and what happens if it rises even a small amount. I am a very outspoken supporter of HVC and will continue to be, but I'm not delusional, something has to change. I know I'm not the first one to say the max vote is too high.



That sounds almost exactly like something I would say Smiley
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April 17, 2014, 04:10:29 AM
 #4755

Let's not talk the coin down. All the negativity pulls down any goodwill that it has. Roll Eyes

Yup...  HVC is dirt cheap folks!!!    Cool

Sadly, without a small adjustment by the devs to the max allowed vote, or a massive change of heart by miners to drop the vote, HVC will stay dirt cheap. Despite a strong effort by a number of HVC faithful to get the vote lower, the downtrend of the vote has reversed course and up it goes. Clearly logic does not trump greed. The events of the past days/week have brought stunning clarity to what will happen to HVC if its value drops and what happens if it rises even a small amount. I am a very outspoken supporter of HVC and will continue to be, but I'm not delusional, something has to change. I know I'm not the first one to say the max vote is too high.



I'm sorry but please explain, why do you continue to be a strong supporter?

This coin is a MASSIVE FAILURE.

It was designed to be GPU proof.  A custom HEFTY1 algorithm. Within a week it was GPU hacked, the developer has all but disappeared except for perhaps a few random posts.

Keep in mind he made off with over what.... 150BTC from the IPO?

Tell me, what have you gotten for all of your hard work, energy, time and lost money?

If anyone still supports HVC they ARE delusional.

PS. I loved this coins concept and supported it and mined it from day one. But seriously... This ship isn't sinking. It has SUNK.  No one will be mining HVC in 3 months. And good luck finding anyone to buy it if you are still holding "to the moon".
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April 17, 2014, 04:12:55 AM
Last edit: April 17, 2014, 04:27:15 AM by Anotheranonlol
 #4756

Developer needs to address community;it's now time to put some of bounty to work to secure the future of this coin.

There is a choice: either a great future potential or gradual decline: HVC has a solid foundation with transparent distribution, novel voting mechanism, ASIC 'cartel' proof (the reason for many to migrate to scrypt in the first place) quick conf times and not based upon a meme or gimmick.

If votes are lowered; stable supply and expected influx of new GPU miners looking for a summer-friendly algo to point hashpower at, safe from the coming mASICcare in next months, this coin can have good promise. The community will start shaping nicely and gain a following

If radio silence from dev, no bounties put to use, it will be a sad ending to a promising coin.


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April 17, 2014, 04:16:22 AM
 #4757

Let's not talk the coin down. All the negativity pulls down any goodwill that it has. Roll Eyes

Yup...  HVC is dirt cheap folks!!!    Cool

Sadly, without a small adjustment by the devs to the max allowed vote, or a massive change of heart by miners to drop the vote, HVC will stay dirt cheap. Despite a strong effort by a number of HVC faithful to get the vote lower, the downtrend of the vote has reversed course and up it goes. Clearly logic does not trump greed. The events of the past days/week have brought stunning clarity to what will happen to HVC if its value drops and what happens if it rises even a small amount. I am a very outspoken supporter of HVC and will continue to be, but I'm not delusional, something has to change. I know I'm not the first one to say the max vote is too high.



I'm sorry but please explain, why do you continue to be a strong supporter?

This coin is a MASSIVE FAILURE.

It was designed to be GPU proof.  A custom HEFTY1 algorithm. Within a week it was GPU hacked, the developer has all but disappeared except for perhaps a few random posts.

Keep in mind he made off with over what.... 150BTC from the IPO?

Tell me, what have you gotten for all of your hard work, energy, time and lost money?

If anyone still supports HVC they ARE delusional.

PS. I loved this coins concept and supported it and mined it from day one. But seriously... This ship isn't sinking. It has SUNK.  No one will be mining HVC in 3 months. And good luck finding anyone to buy it if you are still holding "to the moon".

Here's a tip.  I'm in the same boat as you all. Lots of wasted time and lots of wasted opportunity where we all could have been generating better revenue mining other ALTs.

Keep your ears open for Maxwell Coin.  Not much talk about it yet but I know the development team personally. Interesting ideas coming together. Will be based around NVIDIAs new Maxwell Architecture, but also mineable by CPU at modest profit/block rewards. Not much else I can say, just keep a look out. Follow my twitter below I'll announce more when I know more and am allowed to.

Good luck till then friends.
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April 17, 2014, 05:01:47 AM
 #4758


Here's a tip.  I'm in the same boat as you all. Lots of wasted time and lots of wasted opportunity where we all could have been generating better revenue mining other ALTs.

Keep your ears open for Maxwell Coin.  Not much talk about it yet but I know the development team personally. Interesting ideas coming together. Will be based around NVIDIAs new Maxwell Architecture, but also mineable by CPU at modest profit/block rewards. Not much else I can say, just keep a look out. Follow my twitter below I'll announce more when I know more and am allowed to.

Good luck till then friends.

Oh, neat! Any idea when they'll ANN? And any idea if it will work well for older nvidia cards? Otherwise it seems like it'll be crazy exclusive Tongue

BTC: 163pZXhATaWiuGAX9o9y6PuKCF8ipDWnJH
HVC: HJWFdgUJPEw1oiLckBFPBzs8vCTLokCGgd
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April 17, 2014, 05:30:25 AM
 #4759


Here's a tip.  I'm in the same boat as you all. Lots of wasted time and lots of wasted opportunity where we all could have been generating better revenue mining other ALTs.

Keep your ears open for Maxwell Coin.  Not much talk about it yet but I know the development team personally. Interesting ideas coming together. Will be based around NVIDIAs new Maxwell Architecture, but also mineable by CPU at modest profit/block rewards. Not much else I can say, just keep a look out. Follow my twitter below I'll announce more when I know more and am allowed to.

Good luck till then friends.

Oh, neat! Any idea when they'll ANN? And any idea if it will work well for older nvidia cards? Otherwise it seems like it'll be crazy exclusive Tongue

Coins that focus just on the mining algorithm are dead from the start.

It's not the miners that dictate the price anymore.

It's the hype , the traders , the actual use of a coin.

this whole struggle on finding new algos is a waste of time.


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April 17, 2014, 06:22:35 AM
 #4760


Here's a tip.  I'm in the same boat as you all. Lots of wasted time and lots of wasted opportunity where we all could have been generating better revenue mining other ALTs.

Keep your ears open for Maxwell Coin.  Not much talk about it yet but I know the development team personally. Interesting ideas coming together. Will be based around NVIDIAs new Maxwell Architecture, but also mineable by CPU at modest profit/block rewards. Not much else I can say, just keep a look out. Follow my twitter below I'll announce more when I know more and am allowed to.

Good luck till then friends.

Oh, neat! Any idea when they'll ANN? And any idea if it will work well for older nvidia cards? Otherwise it seems like it'll be crazy exclusive Tongue

Coins that focus just on the mining algorithm are dead from the start.

It's not the miners that dictate the price anymore.

It's the hype , the traders , the actual use of a coin.

this whole struggle on finding new algos is a waste of time.

Hence the trouble MYR is having.

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HVC: HJWFdgUJPEw1oiLckBFPBzs8vCTLokCGgd
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