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

[wrok]

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.

[1576365420]

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[1576365420]

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[akabane]

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
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.

[akabane]

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.

[cryptomines]

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]

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

[TheRealSteve]

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 100 Mhash/s | Top 10 Mhash/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 / day ideal solo 1gh nonce zhpool poolhub HVC 5.28211 5.28 4.90 5.03 3.26 mBTC 0.12149 0.12 0.11 0.12 0.08 USD 0.05879 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]

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 100 Mhash/s | Top 10 Mhash/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 / day ideal solo 1gh nonce zhpool poolhub HVC 5.28211 5.28 4.90 5.03 3.26 mBTC 0.12149 0.12 0.11 0.12 0.08 USD 0.05879 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]

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]

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.

[TheRealSteve]

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

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

Vote: 0 votes miner pool 2 cryptomines noncepool

Vote: 1 votes miner pool 61 wjtwww zhpool 33 sslegi poolhub 10 hvcmilky wertzhangnan zhpool zhpool 8 chungenhung scriptfu zaiclouds zhpool zhpool zhpool 5 mafostedu TheFlame1 zzhhww noncepool zhpool zhpool

Vote: 512 votes miner pool 62 andy002 zhpool 19 CCCP zhpool 14 stopzwd zhpool 12 heathersand zhpool 11 chungenhung peet38 zhpool zhpool

Vote: 1024 votes miner pool 52 nbsunny* zhpool 46 shanshui zhpool 29 gasn zhpool 24 nbzhang zhpool 18 hvcluck stayfoolish zhpool zhpool * Also has some 64 votes interlaced with the 1024s

[cryptomines]

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

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

Vote: 0 votes miner pool 2 cryptomines noncepool

Vote: 1 votes miner pool 61 wjtwww zhpool 33 sslegi poolhub 10 hvcmilky wertzhangnan zhpool zhpool 8 chungenhung scriptfu zaiclouds zhpool zhpool zhpool 5 mafostedu TheFlame1 zzhhww noncepool zhpool zhpool

Vote: 512 votes miner pool 62 andy002 zhpool 19 CCCP zhpool 14 stopzwd zhpool 12 heathersand zhpool 11 chungenhung peet38 zhpool zhpool

Vote: 1024 votes miner pool 52 nbsunny* zhpool 46 shanshui zhpool 29 gasn zhpool 24 nbzhang zhpool 18 hvcluck stayfoolish zhpool zhpool * Also has some 64 votes interlaced with the 1024s

You have some great charts!

[TheRealSteve]

You have some great charts!

You have great votes!

..or do you? dum dum dummmmm

[cryptomines]

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.....

[gpools]

We need marketing foundations and team working:
CEO:
CSO:
CMO:
CNO:
and more supporter now coin personal working  no future.

[hiddensphinx]

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

[cayars]

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

Not if you were on the receiving end of IPO. LOL

[Maestro1]

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).

[incin]

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.

[chiguireitor]

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.

[ECF]

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

Website  |  Twitter   |  Bitcointalk

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