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Author Topic: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast  (Read 541741 times)
wrok
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April 17, 2014, 08:57:51 PM
 #4781


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

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.
 

Why I still support HVC? CPU-only, for a moment, ported to GPU  and it is 50% lower power consumption than scrypt and your cards run cool. If I am going to expend tangible resources to create an intangible item I want my inputs to be as low as possible. The less I spend on my fixed costs the more profit I make. Almost everyone pays for their power to mine. So, HVC will be more profitable to mine than all other coins at whatever price they happen to be at.

We need to slow down the mint phase, drag it out at least a year. Ideally longer. This reduces inflation which is good for value. Scrypt-asics are coming, the effects of which are uncertain at this time, but probably not great for GPU miners. HVC could be the next big coin for those forced out of scrypt mining. The problem is at current rate of mint HVC will be 90% mined in 106 days. Pretty disheartening considering the potential this coin has.

Everyone stands to gain so much more with a low block reward. I urge everyone to vote low, but I spam that everywhere, another obnoxious side effect of the vote. I'd love to see the devs lower the max vote, give HVC a longer mint phase trajectory, good for investor confidence. Or the community come together and agree to cap the vote.  In the meantime we just keep trying to convert 1024 voters to 1 voters, we are pretty stuck at 550 otherwise.

Maybe rolling out that multipool will be beneficial, certainly couldn't hurt.

The devs could certainly maintain more of a presence here. It seems a lot of people would appreciate that.

You still continue this "propaganda" and don't understand that if people aren't able to spend their HVC in other places than exchanges, this coin is going to die. There is no point in mining HVC now, other than dumping.
Do you think that voting low is going to get this coin growing? You're wrong.
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April 17, 2014, 08:58:38 PM
 #4782

I am quite happy with the state of HVC right now. I am stocking coins with this low difficulty but also vote 1 to ensure the future.
The rise will come when BTC will go nuts. Yes I am a speculative miner Smiley
I really enjoy the cooler mining since summer is starting here, and I think I will never mine scrypt again.
I like to invest in coins which differ from the mass. HVC is one of them but of course not the only one.
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April 17, 2014, 09:29:07 PM
 #4783

Quote

You still continue this "propaganda" and don't understand that if people aren't able to spend their HVC in other places than exchanges, this coin is going to die. There is no point in mining HVC now, other than dumping.
Do you think that voting low is going to get this coin growing? You're wrong.


You are right HVC do not need propaganda but services.

Being accepted at coinkite will be a good thing.
Acceptance criteria are here : https://coinkite.com/faq/alts.

I think HVC match them but it need an equivalent of 25 BTC at current price in HVC (~ 1100 kHVC at current price)
Premine + community can surely rise that.
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April 17, 2014, 11:07:43 PM
 #4784



You still continue this "propaganda" and don't understand that if people aren't able to spend their HVC in other places than exchanges, this coin is going to die. There is no point in mining HVC now, other than dumping.
Do you think that voting low is going to get this coin growing? You're wrong.


Without action prior to the sustain phase we face a drastic cliff as outlined below, please read.



Mint Phase 45,000,000 coins (72 days to 25+ years depending on votes)
Limit Phase is fixed at 56 days and will award 63,476 blocks
Sustain Phase has 10,000,576 coins and will last from 4.7 years to 38+ years (depending on votes)

All of the above is from the website: http://heavycoin.github.io/about.html#decentralised-voting

Total Supply is said to be from 63,000,576 (12.69% premine) to 128,000,000 HVC (6.25% premine)

The math says 8,000,000 coins were premined in total.

If my understanding is correct:
During the limit phase if vote count was 1024 then 64,999,424 coins would be awarded. If vote count is 0 then 0 coins are awarded.
63,000,576 - 45,000,000 - 10,000,576 = 8,000,000 premined coins

We are currently at 544 average vote.  If this stays the same going into Limit phase then 63,476 blocks * 544 = 34,530,944 coins.
34,530,944 / 56 days / 24 hours per day / 30 blocks per hour =  856.42 block reward. This obviously will not work well dropping to a block reward of at most 8 HVC in the sustain phase.
This is a very poor transition because instead of the block reward going down to prepare for the sustain phase it jumped way up making it that much harder for the coin to survive entering the sustain phase.

If the vote is at 256 going into limit then: 63,476 blocks * 544 = 16,249,856 coins. / 56/24/30=403.02 block reward is still way to high.

If the vote is at 100 going into limit then: 63,476 blocks * 100 = 6,347,600 coins. / 56/24/30=157.43 block reward.

If the vote is at 50 going into limit then: 63,476 blocks * 50 = 3,173,800 coins. / 56/24/30=78.71 block reward.

If the vote is at 10 going into limit then: 63,476 blocks * 10 = 634,760 coins. / 56/24/30=15.74 block reward.

So as you can see EVEN with a vote count as low as 10 average, going into and staying in the limit phase, the block reward will still drop by more then half going into the limit phase.

In all honesty even with a GREAT COMMUNITY RALLY I don't see how we'll get the vote down any lower (on average) then 256 which is less then half what it is now.  That would have us going from over 400 HVC per block to at MOST 8 HVC in the sustain phase. This coin can't survive any type of drop like that when the sustain phase hits.  It just will NOT BE PROFITABLE in any manner to mine and the network will die and thus the coin will too.

Unfortunately at present there is no motivation to down vote for miners who don't have any type of decent stake.  They want more coins to sell/dump and don't care about long term value.



Carlo



Voting low extends the time we have to grow the coin. Working out a smooth transition to the sustain phase, and strong community action to get the coin accepted by merchants is what will grow the coin. But not without a little time and long term viability. If you have a better way to try and make the coin a success I'm sure the whole community is ready to hear it.
Anotheranonlol
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April 18, 2014, 06:41:52 AM
 #4785

Reward seems to be decreasing, gradually. a small step in the right direction  Smiley

TheRealSteve
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April 18, 2014, 10:14:28 AM
 #4786

Pool hash rates and miners
pool
rate (Mh/s)*
delta***
% of network
miners**
   rate/miner
fee (%)
payout
http://hvc.1gh.com/
36,967.90
-412.98
62.68
1
RBPPS
http://heavycoin.zhpool.com/
23,542.90
-8,515.40
39.92
424.3
55.49
1
PPLNS
http://heavycoin.miningpoolhub.com/
1,631.87
-5,534.02
2.77
16.1
101.36
1
PROP
http://hvc.nonce-pool.com/
924.30
-138.16
1.57
39
23.7
1
PPLNS
https://heavycoinpool.com/
0.10
0.00
0
1
0.1
(shut  down)
http://heavy.stablehash.com/
0.00
0.00
0
0
0
1
PROP
https://hvc.crunchharder.net/
0.00
0.00
0
0
0
2
PPLNS
total
63,067.07
-14,600.55
network rate (heavychain.com)
58,980
-10,440
* due to rate variability displayed through pool statistics pages, rates are based on average of 10 samples over the past hour
** miner count for 1gh unavailable
*** Delta since last update


Block Progression and Pool Luck

last 24h
1gh
nonce
zhpool
poolhub
hash avg
36,614.00
925.93
21,786.20
2,021.39
blocks
467
8
295
11
hash %
59.68
1.51
35.51
3.29
blocks %
59.78
1.02
37.76
1.43
luck %
100.20
67.80
106.30
43.50
|
|
|
|
|
|
|
|
last 7d
1gh
nonce
zhpool
poolhub
hash avg
38,538.89
765.19
27,708.41
6,851.07
blocks
2,768
51
1,897
304
hash %
52.18
1.04
37.51
9.28
blocks %
55.14
1.02
37.79
6.06
luck %
105.68
98.07
100.74
65.29

1gh Top stats
Top 100Mhash/s|Top 10Mhash/s
Total:31,500.72|Total:10,140.08
Mean rate:315.01|Mean rate:1,014.01
Median rate:193.79|Median rate:790.28
Mode(10) rate:130|Mode(100) rate:700
% of pool:85.2%|% of pool:27.4%
% of network:49.9%|% of network:16.1%

Pool voting


Mining (indicative, not authoritative!)
payoff per Mhash/s / dayideal solo
1gh
nonce
zhpool
poolhub
HVC5.28211
5.28
4.90
5.03
3.26
mBTC0.12149
0.12
0.11
0.12
0.08
USD0.05879
0.06
0.05
0.06
0.04
|
|
|
|
|
|
pool take/day
1gh
nonce
zhpool
poolhub
HVC
2,056.23
37.89
1,409.20
225.83
BTC
0.05
0.00
0.03
0.01
USD
22.89
0.42
15.68
2.51
Based on last 7 days performance and... block reward: HVC520 | mBTC/HVC: 0.023 | USD/BTC: $483.9

gpools
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April 18, 2014, 11:51:52 AM
 #4787

Pool hash rates and miners
pool
rate (Mh/s)*
delta***
% of network
miners**
   rate/miner
fee (%)
payout
http://hvc.1gh.com/
36,967.90
-412.98
62.68
1
RBPPS
http://heavycoin.zhpool.com/
23,542.90
-8,515.40
39.92
424.3
55.49
1
PPLNS
http://heavycoin.miningpoolhub.com/
1,631.87
-5,534.02
2.77
16.1
101.36
1
PROP
http://hvc.nonce-pool.com/
924.30
-138.16
1.57
39
23.7
1
PPLNS
https://heavycoinpool.com/
0.10
0.00
0
1
0.1
(shut  down)
http://heavy.stablehash.com/
0.00
0.00
0
0
0
1
PROP
https://hvc.crunchharder.net/
0.00
0.00
0
0
0
2
PPLNS
total
63,067.07
-14,600.55
network rate (heavychain.com)
58,980
-10,440
* due to rate variability displayed through pool statistics pages, rates are based on average of 10 samples over the past hour
** miner count for 1gh unavailable
*** Delta since last update


Block Progression and Pool Luck

last 24h
1gh
nonce
zhpool
poolhub
hash avg
36,614.00
925.93
21,786.20
2,021.39
blocks
467
8
295
11
hash %
59.68
1.51
35.51
3.29
blocks %
59.78
1.02
37.76
1.43
luck %
100.20
67.80
106.30
43.50
|
|
|
|
|
|
|
|
last 7d
1gh
nonce
zhpool
poolhub
hash avg
38,538.89
765.19
27,708.41
6,851.07
blocks
2,768
51
1,897
304
hash %
52.18
1.04
37.51
9.28
blocks %
55.14
1.02
37.79
6.06
luck %
105.68
98.07
100.74
65.29

1gh Top stats
Top 100Mhash/s|Top 10Mhash/s
Total:31,500.72|Total:10,140.08
Mean rate:315.01|Mean rate:1,014.01
Median rate:193.79|Median rate:790.28
Mode(10) rate:130|Mode(100) rate:700
% of pool:85.2%|% of pool:27.4%
% of network:49.9%|% of network:16.1%

Pool voting


Mining (indicative, not authoritative!)
payoff per Mhash/s / dayideal solo
1gh
nonce
zhpool
poolhub
HVC5.28211
5.28
4.90
5.03
3.26
mBTC0.12149
0.12
0.11
0.12
0.08
USD0.05879
0.06
0.05
0.06
0.04
|
|
|
|
|
|
pool take/day
1gh
nonce
zhpool
poolhub
HVC
2,056.23
37.89
1,409.20
225.83
BTC
0.05
0.00
0.03
0.01
USD
22.89
0.42
15.68
2.51
Based on last 7 days performance and... block reward: HVC520 | mBTC/HVC: 0.023 | USD/BTC: $483.9

bad report. Dev team inactive
cayars
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April 18, 2014, 12:25:25 PM
 #4788

bad report. Dev team inactive

It's only going to get worse without involvement from the devs to both fix the "timeline" problems and to really kick-start both a marketing campaign and coin acceptance which hasn't happened yet IMHO.

With each passing day, it will only get harder and harder to turn this coin around, if even possible.

Carlo

PS: I hate to say it, but, "Sell-Em if you got Got-Em" while they still have some value.
gpools
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April 18, 2014, 12:37:23 PM
 #4789

bad report. Dev team inactive

It's only going to get worse without involvement from the devs to both fix the "timeline" problems and to really kick-start both a marketing campaign and coin acceptance which hasn't happened yet IMHO.

With each passing day, it will only get harder and harder to turn this coin around, if even possible.

Carlo

PS: I hate to say it, but, "Sell-Em if you got Got-Em" while they still have some value.
Yes marketing bad now we are have more  coin not only btc or ltc... 500 core more way choice best coin.
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April 18, 2014, 12:47:12 PM
 #4790

Can't blame 'm.. if I were 'the dev team', I would have cashed out a while ago and moved on to better things, maybe start yet-another-new-coin Wink

As I've got about a week of vote data, for the lovers/haters among you, a top 5 of votes:

Vote: 0
votesminerpool
2cryptominesnoncepool


Vote: 1
votesminerpool
61wjtwwwzhpool
33sslegipoolhub
10hvcmilky
wertzhangnan
zhpool
zhpool
8chungenhung
scriptfu
zaiclouds
zhpool
zhpool
zhpool
5mafostedu
TheFlame1
zzhhww
noncepool
zhpool
zhpool


Vote: 512
votesminerpool
62andy002zhpool
19CCCPzhpool
14stopzwdzhpool
12heathersandzhpool
11chungenhung
peet38
zhpool
zhpool


Vote: 1024
votesminerpool
52nbsunny*zhpool
46shanshuizhpool
29gasnzhpool
24nbzhangzhpool
18hvcluck
stayfoolish
zhpool
zhpool
* Also has some 64 votes interlaced with the 1024s


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April 18, 2014, 02:58:37 PM
 #4791

Can't blame 'm.. if I were 'the dev team', I would have cashed out a while ago and moved on to better things, maybe start yet-another-new-coin Wink

As I've got about a week of vote data, for the lovers/haters among you, a top 5 of votes:

Vote: 0
votesminerpool
2cryptominesnoncepool


Vote: 1
votesminerpool
61wjtwwwzhpool
33sslegipoolhub
10hvcmilky
wertzhangnan
zhpool
zhpool
8chungenhung
scriptfu
zaiclouds
zhpool
zhpool
zhpool
5mafostedu
TheFlame1
zzhhww
noncepool
zhpool
zhpool


Vote: 512
votesminerpool
62andy002zhpool
19CCCPzhpool
14stopzwdzhpool
12heathersandzhpool
11chungenhung
peet38
zhpool
zhpool


Vote: 1024
votesminerpool
52nbsunny*zhpool
46shanshuizhpool
29gasnzhpool
24nbzhangzhpool
18hvcluck
stayfoolish
zhpool
zhpool
* Also has some 64 votes interlaced with the 1024s


You have some great charts!
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April 18, 2014, 03:04:48 PM
 #4792

You have some great charts!
You have great votes!

..or do you? dum dum dummmmm

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April 18, 2014, 03:24:14 PM
 #4793


You have great votes!

..or do you? dum dum dummmmm

I've seen a few other 0 votes, but they seem quite rare. The vote 1 camp looks pretty solid. Not sure how to convert 1024 voters to 1 voters. Too bad the long term future of the coin isn't incentive enough to vote low.....
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April 18, 2014, 04:17:51 PM
 #4794

We need marketing foundations and team working:
CEO:Huh
CSO:Huh
CMO:Huh
CNO:Huh
and more supporter now coin personal working  no future.
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April 18, 2014, 04:27:10 PM
 #4795

long way to go when we reach 128M HeavyCoin cap === long way to go until we can buy a apartment in Monaco

Take your Bitcoin and Altcoin trading strategy to another level with Trade Santa! - https://tradesanta.com/en/site/set-referral-cookie?referral_id=111843
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April 18, 2014, 08:15:27 PM
 #4796

long way to go until we can buy a apartment in Monaco

Not if you were on the receiving end of IPO. LOL
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April 19, 2014, 03:37:09 AM
 #4797

Everyone, how are things with HVC? We've been on a constant decline in value for some time now (market cap is staying the same though).

If you're happy with our work on AsiaCoin revival, please consider giving us trust feedback and provide donations to the new AsiaCoin Foundation.
BTC: 1LCsuAojeFqf5YamN9iiwEo3VJ9YM8HHjf
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April 19, 2014, 04:21:28 AM
 #4798

Wasn't someone working on marketing stuff? If anyone wants to step up they should consider looking over ECCoin's ANN. They have a big 'Social' campaign going. If anyone knows people in the community here or elsewhere make a shout out. I hate to see this coin die. Clearly dev put in some thought and time to create a unique coin (kudos), but the community just needs to come together and get things goin. It seems like dev is sticking to his "role" and doing what's needed on the wallet end and leaving the future up to the community.

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April 19, 2014, 04:31:24 AM
 #4799

Need some testers...

http://cryptocoinfaucet.appspot.com/games/rps

Just don't go crazy betting too much, it is backed by "Me (tm)" and i don't have too much HVC...

Give feedback either here, via PM or via twitter. Smiley

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April 19, 2014, 10:29:52 AM
 #4800

http://www.ecoinfund.com/images/logo.jpg

Website  |  Twitter   |  Bitcointalk

Hi,Heavycoin Community

We have added HVC to ECOINFUND.(HVC/BTC,HVC/LTC
Multi-language Alt-Coin Exchange,Fast, Secure and Trustworthy.

Big ECC GIVEAWAY before 30.April:
Tweet this green text on your own twitter account and recive 50ECC(ECC Details):
Quote
ecoinfund.com |New Exchange,multi-language support,Earn 50ECC(fee shares) by every retweet before 30 April,don't miss the train!
Pls post your twitter link and Ecoinfund ID on our bitcointalk thread or pm us.

ECF Coin (ECC for short) is the fee share program launched by Ecoinfund.
Ecoinfund will commit 50% of trade revenue to ECC program. (highest on market)
Giveaway more infomation:https://bitcointalk.org/index.php?topic=501030.msg6165826#msg6165826

Happy trading !
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