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

[cayars]

The equation you are looking for

Code:

main.h:62:static const int64 MAX_MONEY = (PHASE1_MONEY + PHASE2_BLOCKS*MAX_VOTE + (nBlockRewardVoteSpan + 1)*MAX_VOTE + PHASE3_MONEY) * COIN;

Missing from your calculations is (nBlockRewardVoteSpan + 1)*MAX_VOTE
A special voting interval needed to make sure the block reward decreases from 1024 down to 8 before the sustain phase starts; otherwise you could start the sustain phase with 1024 block reward, which would be bad...

you gets

Code:

MAX_MONEY = 53000000 + (63476 - 3600 - 1)*1024 + 3601*1024 + 10000000 + 576 = 128,000,000

This has been on the "About" page from day one: https://heavycoin.github.io/about.html#decentralised-voting

Yes but that is what is being questioned as it doesn't add up.  It appears you just confirmed that page is wrong and both the mint and limit phase will go on longer then this page says.

If we get this correct:
Website says 45 Million coins in mint phase but code is 53 Million coins which means we have more inflation and the mint phase will go on even longer with high votes. Unless this 53M is the combination of 5M IPO, 3M Premine plus 45M mint phase which would add up to 53M.

Website says both 45 days for limit phase and also says 63,476 blocks which would be 88.1 days.  Code says 88.1 days so again we have a longer limit phase with high votes.

If this is not correct then please clarify so everyone understands.  If in fact the code is not doing what everyone was told and published on the website are we going to get this fixed?

Thanks

[reb0rn21]

I would like to see limited phase to be a year or so with lower limit vote (~100)... so at the end 128M limit should be kept, but i know its prolly to late now

[mumbly]

Hey guys,

Ok - server time is May 26, 2014, 01:04:27 PM as of this post.

The Trivia comp is now closed - thanks to everyone who participated - I will be announcing winners around this time tomorrow.


Anything you enjoyed, or hated, about this comp - let me know

Cheers,
M

[keccak512]

Yes but that is what is being questioned as it doesn't add up.  It appears you just confirmed that page is wrong and both the mint and limit phase will go on longer then this page says.

If we get this correct:
Website says 45 Million coins in mint phase but code is 53 Million coins which means we have more inflation and the mint phase will go on even longer with high votes. Unless this 53M is the combination of 5M IPO, 3M Premine plus 45M mint phase which would add up to 53M.

you are confused. there are only 3 phases of voting. the genesis block is part of the first phase, but not mined. the 53M includes the IPO.  website correctly shows that only 45M are mined in mint phase.

Website says both 45 days for limit phase and also says 63,476 blocks which would be 88.1 days.  Code says 88.1 days so again we have a longer limit phase with high votes.

no. the website says 56 days for limit phase, not 45 days.
website has a typo... says 56 days, but should say 88.1. we will update this!

no matter... the max supply introduced is calculated based on # of blocks, which is correct on website.

max supply introduced during limit phase is 64,999,424, as presented on website.

the duration of the limit phase does not depend on the amount voted. the duration is approximately 63,476x120sec ~ 88.1 days. limit phase is in blocks, not money supply.

the max vote for the last 3600 blocks of the limit phase is 8. during this time the reward could be 1024 or 0 and 42... no matter, the time per block will be 120sec.

[incin]

Yes but that is what is being questioned as it doesn't add up.  It appears you just confirmed that page is wrong and both the mint and limit phase will go on longer then this page says.

If we get this correct:
Website says 45 Million coins in mint phase but code is 53 Million coins which means we have more inflation and the mint phase will go on even longer with high votes. Unless this 53M is the combination of 5M IPO, 3M Premine plus 45M mint phase which would add up to 53M.

you are confused. there are only 3 phases of voting. the genesis block is part of the first phase, but not mined. the 53M includes the IPO.  website correctly shows that only 45M are mined in mint phase.

Website says both 45 days for limit phase and also says 63,476 blocks which would be 88.1 days.  Code says 88.1 days so again we have a longer limit phase with high votes.

no. the website says 56 days for limit phase, not 45 days.
website has a typo... says 56 days, but should say 88.1. we will update this!

no matter... the max supply introduced is calculated based on # of blocks, which is correct on website.

max supply introduced during limit phase is 64,999,424, as presented on website.

the duration of the limit phase does not depend on the amount voted. the duration is approximately 63,476x120sec ~ 88.1 days. limit phase is in blocks, not money supply.

the max vote for the last 3600 blocks of the limit phase is 8. during this time the reward could be 1024 or 0 and 42... no matter, the time per block will be 120sec.

Thank you for the correction/update. Good to know the limit phase is closer to 3 months rather than less than 2.

[cayars]

Yes but that is what is being questioned as it doesn't add up.  It appears you just confirmed that page is wrong and both the mint and limit phase will go on longer then this page says.

If we get this correct:
Website says 45 Million coins in mint phase but code is 53 Million coins which means we have more inflation and the mint phase will go on even longer with high votes. Unless this 53M is the combination of 5M IPO, 3M Premine plus 45M mint phase which would add up to 53M.

you are confused. there are only 3 phases of voting. the genesis block is part of the first phase, but not mined. the 53M includes the IPO.  website correctly shows that only 45M are mined in mint phase.

Website says both 45 days for limit phase and also says 63,476 blocks which would be 88.1 days.  Code says 88.1 days so again we have a longer limit phase with high votes.

no. the website says 56 days for limit phase, not 45 days.
website has a typo... says 56 days, but should say 88.1. we will update this!

no matter... the max supply introduced is calculated based on # of blocks, which is correct on website.

max supply introduced during limit phase is 64,999,424, as presented on website.

the duration of the limit phase does not depend on the amount voted. the duration is approximately 63,476x120sec ~ 88.1 days. limit phase is in blocks, not money supply.

the max vote for the last 3600 blocks of the limit phase is 8. during this time the reward could be 1024 or 0 and 42... no matter, the time per block will be 120sec.

Yea that was a typo on my part. I did correctly say 56 days in a few other posts.
Kind of had the feeling the 53M included the IPO and Premine so this is good news.

Agreed the limit phase is not based on money supply but:
The difference between the 88.1 days and 56 days is 23,156 blocks
56 days would have been 40320 blocks. 63,476-40,320 = 23,156 extra blocks at approximately 687 coins per block.

That's still an extra 15,908,172 coins no one anticipated.

16 million additional coins that no one thought existed does sort of devalue what people are already holding.  Not the end of the world however.

Great news is that everything is working correctly and no code changes are needed. It's just a shame this was mis-communicated on the website and threads previously.

Anyway, thank you very much for the clarification!

Much appreciated,
Carlo

[cayars]

Anything you enjoyed, or hated, about this comp - let me know

Yea, it takes to long to find out the winners after comp is closed.    LOL

Carlo

PS it was fun.  Ready for the next one!

[jiaping88]

The 8 million difference is the IPO/Premine is it not? See original pre-ann...

https://bitcointalk.org/index.php?topic=470391.0

If the launch, I will participate in.Keep up the good work.

[onebutton]

thank you i read that and i still dont understand

it comes to this...

every miner has a vote for how many coins they want in the next reward
all the votes (from every miner) are averaged out every 3600 blocks (5days),
so if there are 2 miners, 1 miner chooses vote 1 and the other chooses 1024, then the reward would be 512 for 5days

choose wisely. if you choose high (1024) the reward could be higher then now but price would drop because more coins would be available
on other hand if you choose low (1) the reward could be lower and probably price would rice because less coins would be available...

This is going to be fun
Probably the first coin doing this kind of arrangement for block reward?

Should be the first
But I think that should not be the last

[CitizenEra5ed]

Anything you enjoyed, or hated, about this comp - let me know

Yea, it takes to long to find out the winners after comp is closed.    LOL

Carlo

PS it was fun.  Ready for the next one!

I agree, I was getting excited for the answer today!

Oh well...

c

[onebutton]

Ok i'll leave this to the code crackers. All i can do is continue to vote 0 at zhpool. 

More involved There may be different tomorrow
I wish you good luck
 

[nizaifang]

Anything you enjoyed, or hated, about this comp - let me know

Yea, it takes to long to find out the winners after comp is closed.    LOL

Carlo

PS it was fun.  Ready for the next one!

I agree, I was getting excited for the answer today!

Oh well...

c

Great job dev Team!
your hard work!
 I will keep watching

[TheRealSteve]

Pool hash rates and miners

pool	rate (Mh/s)*	delta***	% of network	miners**	rate/miner	fee (%)	payout
http://hvc.1gh.com/	11,470.27	543.26	69.77			1	RBPPS
http://heavycoin.zhpool.com/	4,756.70	-1,980.60	28.93	106.3	44.75	1	PPLNS
http://heavycoin.miningpoolhub.com/	154.21	36.88	0.94	2.5	61.68	1	PROP
http://hvc.nonce-pool.com/	58.95	44.74	0.36	8.5	38.4	1	PPLNS
total	16,440.13	-1,355.72	100

* 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 11,099.89 49.20 5,744.55 117.90 blocks 768 2 344 2 hash % 65.25 0.29 33.77 0.69 blocks % 68.82 0.18 30.82 0.18 luck % 105.50 62.00 91.30 25.90

| | | | | | | |

last 7d 1gh nonce zhpool poolhub hash avg 10,261.38 34.37 8,256.44 338.55 blocks 3,230 8 2,325 59 hash % 54.32 0.18 43.71 1.79 blocks % 57.45 0.14 41.36 1.05 luck % 105.77 78.20 94.62 58.56

1gh Top stats

Top 100 Mhash/s | Top 10 Mhash/s Total: 11,025.23 | Total: 5,375.87 Mean rate: 110.25 | Mean rate: 537.59 Median rate: 38.80 | Median rate: 478.34 Mode(10) rate: 0 | Mode(100) rate: 400 % of pool: 96.1% | % of pool: 46.9% % of network: 67.1% | % of network: 32.7%

Pool voting

Mining (indicative, not authoritative!)

payoff per Mhash/s / day ideal solo 1gh nonce zhpool poolhub HVC 30.58375 30.58 22.61 27.36 16.93 mBTC 0.11377 0.11 0.08 0.10 0.06 USD 0.06487 0.06 0.05 0.06 0.04 pool take/day 1gh nonce zhpool poolhub HVC 3,170.01 7.85 2,281.82 57.90 BTC 0.01 0.00 0.01 0.00 USD 6.72 0.02 4.84 0.12

Based on last 7 days performance and... block reward: HVC687 | mBTC/HVC: 0.00372 | USD/BTC: $570.16

Like these Stats Posts? Donate HeavyCoin: HTQUFnH79dorHhfJATgLDUAwNpQ2Xa9LLb

[dasomsos314]

It is nice to see this coin still going!  Keep up the good work.

This coin will be the market slowly eliminated, fewer and fewer people pay attention to it is the main reason!

[cayars]

And you wasted our time with this because?

[TheRealSteve]

Pool hash rates and miners

pool	rate (Mh/s)*	delta***	% of network	miners**	rate/miner	fee (%)	payout
http://hvc.1gh.com/	11,470.27	0.00	69.77			1	RBPPS
http://heavycoin.zhpool.com/	4,756.70	0.00	28.93	106.3	44.75	1	PPLNS
http://heavycoin.miningpoolhub.com/	154.21	0.00	0.94	2.5	61.68	1	PROP
http://hvc.nonce-pool.com/	58.95	0.00	0.36	8.5	38.4	1	PPLNS
total	16,440.13	0.00	100

* 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 10,444.09 42.24 4,298.37 82.16 blocks 575 1 214 1 hash % 70.25 0.28 28.91 0.55 blocks % 72.69 0.13 27.05 0.13 luck % 103.50 44.50 93.60 22.90

| | | | | | | |

last 7d 1gh nonce zhpool poolhub hash avg 10,239.16 36.59 7,692.33 258.37 blocks 3,140 8 2,091 45 hash % 56.18 0.20 42.20 1.42 blocks % 59.42 0.15 39.57 0.85 luck % 105.78 75.42 93.76 60.08

Note: due to a site glitch, the 1gh Top stats in this post are delayed by approximately 3 hours from the reference time for the other stats.
1gh Top stats

Top 100 Mhash/s | Top 10 Mhash/s Total: 9,609.14 | Total: 4,280.20 Mean rate: 96.09 | Mean rate: 428.02 Median rate: 36.27 | Median rate: 416.30 Mode(10) rate: 0 | Mode(100) rate: 200 % of pool: 83.8% | % of pool: 37.3% % of network: 58.4% | % of network: 26%

Pool voting

Mining (indicative, not authoritative!)

payoff per Mhash/s / day ideal solo 1gh nonce zhpool poolhub HVC 29.79609 29.80 21.24 26.41 16.92 mBTC 0.09237 0.09 0.07 0.08 0.05 USD 0.05383 0.05 0.04 0.05 0.03 pool take/day 1gh nonce zhpool poolhub HVC 3,081.69 7.85 2,052.17 44.16 BTC 0.01 0.00 0.01 0.00 USD 5.57 0.01 3.71 0.08

Based on last 7 days performance and... block reward: HVC687 | mBTC/HVC: 0.0031 | USD/BTC: $582.73

Like these Stats Posts? Donate HeavyCoin: HTQUFnH79dorHhfJATgLDUAwNpQ2Xa9LLb

[HVC_Comps]

Yea, it takes to long to find out the winners after comp is closed.    LOL

* shakes fist @ cayars *


Ok - thanks once again for everyone who guessed - for those wondering, the correct answer was The Church of St. George in Lalibela: http://en.wikipedia.org/wiki/Church_of_Saint_George,_Lalibela

And now for the winners:

A big congrats and a round of applause goes to gstarcev you are the winner!

And for the other prize positions:
2nd place: wrok
3rd place: combo
4th place: CoinExchange
5th place: devvienuis
6th place: crovasco
7th place: incin

I have a special mention also for NeuroticFish, who answered correctly, but unfortunately in a subsequent guess. This was a pretty harsh decision on my part - but at the end of the day I think I need to stick with the rules as I wrote them. In any event, NeuroticFish will also receive 500HVC



So gstarcev, well done man, feel free to let us all know how you figured it out so quickly!

Thanks for playing everyone - winners - I'll start sending out your prizes now, if you didn't send your address with your entry PM it to me.

Cheers,
M

[CitizenEra5ed]

Yea, it takes to long to find out the winners after comp is closed.    LOL

* shakes fist @ cayars *


Ok - thanks once again for everyone who guessed - for those wondering, the correct answer was The Church of St. George in Lalibela: http://en.wikipedia.org/wiki/Church_of_Saint_George,_Lalibela

And now for the winners:

A big congrats and a round of applause goes to gstarcev you are the winner!

And for the other prize positions:
2nd place: wrok
3rd place: combo
4th place: CoinExchange
5th place: devvienuis
6th place: crovasco
7th place: incin

I have a special mention also for NeuroticFish, who answered correctly, but unfortunately in a subsequent guess. This was a pretty harsh decision on my part - but at the end of the day I think I need to stick with the rules as I wrote them. In any event, NeuroticFish will also receive 500HVC



So gstarcev, well done man, feel free to let us all know how you figured it out so quickly!

Thanks for playing everyone - winners - I'll start sending out your prizes now, if you didn't send your address with your entry PM it to me.

Cheers,
M

How many got the correct answer?

I answered correctly but no prize

Just my luck lol

c

[mumbly]

How many got the correct answer?

I answered correctly but no prize

Just my luck lol

c

Hey man,

4 more people beyond the winner list had the correct answer (and yeah you were one of them).

Better luck next comp!

[CitizenEra5ed]

How many got the correct answer?

I answered correctly but no prize

Just my luck lol

c

Hey man,

4 more people beyond the winner list had the correct answer (and yeah you were one of them).

Better luck next comp!

I know it's only a bit of fun, but somebody who got a special mention and a payout for getting it correct on his 2nd guess does not seem right to me!

oh well....

c