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

[Jonesd]

after some googling...

45.72cm = 18 inches NO
45.72cm = cubit NO
cubit = "The word comes from the Latin cubitum, "elbow," " => elbow NO

still looking further

Try "forearm". I think a cubit is supposed to be that length.

[1714548869]

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[1714548869]

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[braxx]

after some googling...

45.72cm = 18 inches NO
45.72cm = cubit NO
cubit = "The word comes from the Latin cubitum, "elbow," " => elbow NO

still looking further

Try "forearm". I think a cubit is supposed to be that length.

nope

[incin]

Silly me i should have tried my answer first. Regardless my offer still stands (not sure how mumbly will determine runner ups though  ).

[fengkaitj]

How many new coins are mined daily now for HVC?


Cause with nearly 23 million coins out right now, it should be easy to find coins for sale but that's not the case.

For a week now I've been the top bid and I have barely found 80,000 HVC coins.

That's unusual for a cheap sold off coins with 23 million coins out.

So I'm curious how many new coins are minted daily right now or if maybe a few insiders own most of the coins.  


Thanks!

23 million Supplied coins shows in http://coinmarketcap.com/ is wrong. In fact, total 48 millions HVC out.

You can buy HVC in https://www.mintpal.com/market/HVC/BTC  . Nearly a half millions HVC exchange a day there.

Except miners, People wouldn't like to sell this coin at such a low price. So, It's not very easy to buy.

About 700 thousands HVC minted a day but it will change a week later.

Good luck for you 

[mumbly]

Hey folks,

Just to give an update - some people have PM'ed me their guess and I haven't received a correct answer yet.

The suggestion of cubit is thinking along the correct lines, but "cubit" isn't the correct answer.

Oh - and feel free to PM me your guesses if you'd like to so we can see some runners up.

Cheers,
M

[hdzw]

Hello, can anyone tell me why this coin had fallen to the ground? Any fraud or bad news?

[p1nky]

Hello, can anyone tell me why this coin had fallen to the ground? Any fraud or bad news?

The main reason is that miners keep voting very high, so the block reward has been keeping very high, so the supply of coins is very high driving the price down, because there are always lots of miners having a big supply of coins that they dump immediatly. Not all miners do that, but probably a lot of them.
The minting phase will end very soon however, in around 10 days, and the supply of new coins should get much lower then. In about 3 months time the daily supply of coins will be at 1/100th of what it is now, the voting limit will drop from 1024 to 8 then. But you can expect a much lower voting when the limit phase starts in 10 days already. It's almost certain that a few people will start a "vote 1" campaign here as soon as the limit phase starts.

[Vlad2Vlad]

Hello, can anyone tell me why this coin had fallen to the ground? Any fraud or bad news?

The main reason is that miners keep voting very high, so the block reward has been keeping very high, so the supply of coins is very high driving the price down, because there are always lots of miners having a big supply of coins that they dump immediatly. Not all miners do that, but probably a lot of them.
The minting phase will end very soon however, in around 10 days, and the supply of new coins should get much lower then. In about 3 months time the daily supply of coins will be at 1/100th of what it is now, the voting limit will drop from 1024 to 8 then. But you can expect a much lower voting when the limit phase starts in 10 days already. It's almost certain that a few people will start a "vote 1" campaign here as soon as the limit phase starts.

So now many coins will there be total when mining ends?

And when will mining end, completely?

Thanks!

[chiguireitor]

Lots of coins got hit on the games/faucet and i've shut down the whole thing until i can resolve the security exploit smartypants found.

Around 0.5 BTC where stolen, not a big loss... but whatever...

"Official" PR here http://cryptocoinfaucet.appspot.com/games/

[incin]

Hello, can anyone tell me why this coin had fallen to the ground? Any fraud or bad news?

The main reason is that miners keep voting very high, so the block reward has been keeping very high, so the supply of coins is very high driving the price down, because there are always lots of miners having a big supply of coins that they dump immediatly. Not all miners do that, but probably a lot of them.
The minting phase will end very soon however, in around 10 days, and the supply of new coins should get much lower then. In about 3 months time the daily supply of coins will be at 1/100th of what it is now, the voting limit will drop from 1024 to 8 then. But you can expect a much lower voting when the limit phase starts in 10 days already. It's almost certain that a few people will start a "vote 1" campaign here as soon as the limit phase starts.

So now many coins will there be total when mining ends?

And when will mining end, completely?

Thanks!

It's not a fixed amount, the voting determines the end supply. Once the mint phase ends (~10 days) there will be 53 million HVC. Limit phase starts and voting determines the supply during said phase and the duration of the phase is almost 3 months (~88.1 days). The max amount that can be added to the 53 million from the limit phase is almost 65 million and the least is 0. So you can have 53 million all the way up to 118 million after limit phase. Last phase sustain will add another 10 million at a rate no more than 8hvc/block.

[p1nky]

So now many coins will there be total when mining ends?

And when will mining end, completely?

Thanks!

In the end there will be between 64M and 125M coins, it depends on the voting in the soon to start limit phase.
53M when limit phase starts in ~10 days, between 0 and ~61M in the limit phase, and 10M in the sustain phase.
The last coin will probably be mined in ~5 years, but ~90% of the coins will have been mined in around 3 months.

My guess would be an average vote of 256 during limit phase, considering many but not all will come to their senses with the high voting. But I could be misjudging that. Initially the vote was around 500, later it moved up to 700 after it was seen that it wasn't possible to get the vote lower, so many supporters of low voting started voting high to get over the minting phase as soon as possible (minting phase coin supply is fixed, by voting higher you make the minting phase shorter).
So this would end us at around 15M coins in limit phase and a total supply of ~78M coins at the end of the sustain phase (68M at the end of limit phase).

[incin]

Keep in mind that although the price is low there hasn't to my knowledge been a time since early on that the network hash has dropped below 10GH/s. Most 'dead' coins have a network hash considerably lower to reflect that they are dead.

[p1nky]

It's not a fixed amount, the voting determines the end supply. Once the mint phase ends (~10 days) there will be 53 million HVC. Limit phase starts and voting determines the supply during said phase and the duration of the phase is almost 3 months (~88.1 days). The max amount that can be added to the 53 million from the limit phase is almost 65 million and the least is 0. So you can have 53 million all the way up to 118 million after limit phase. Last phase sustain will add another 10 million at a rate no more than 8hvc/block.

The 65M stated on http://heavycoin.github.io/ are incorrect as it misses the voting limit of 8 for the last 5 days of limit phase, which lowers the total amount of coins possible in limit phase by about 3.5M to ~61.5M.

[Vlad2Vlad]

So now many coins will there be total when mining ends?

And when will mining end, completely?

Thanks!

In the end there will be between 64M and 125M coins, it depends on the voting in the soon to start limit phase.
53M when limit phase starts in ~10 days, between 0 and ~61M in the limit phase, and 10M in the sustain phase.
The last coin will probably be mined in ~5 years, but ~90% of the coins will have been mined in around 3 months.

My guess would be an average vote of 256 during limit phase, considering many but not all will come to their senses with the high voting. But I could be misjudging that. Initially the vote was around 500, later it moved up to 700 after it was seen that it wasn't possible to get the vote lower, so many supporters of low voting started voting high to get over the minting phase as soon as possible (minting phase coin supply is fixed, by voting higher you make the minting phase shorter).
So this would end us at around 15M coins in limit phase and a total supply of ~78M coins at the end of the sustain phase (68M at the end of limit phase).

So it sounds like to me that this voting algo is designed so that hire voting means more coins now but less coins total.

That's actually very good news.  Why would anyone vote low?  Who wants a massive coin count later on.  I would have voted high as well, print more now, accumulate and then enjoy a much lower float and work on getting the price up.

This is acfually very good news.  So in 10 days the voting (and minting I presume, as well) will drop significantly but it's gonna be 3 months before the mining drops to a crawl, or about 7,000 coins per day.

So that means we'll see more hyper inflation for 10 days and then high inflation for 3 more months.

I'm just shocked there's little to no coins to be found on Cryptsy.  I wanted a couple hundred thousand and in a whole week I barely found about half that.  Granted, im not chasing the ask, but I am always the highest bid.

Thanks for your help.  This should be a good coin for the summer BOOM!

[Vlad2Vlad]

Keep in mind that although the price is low there hasn't to my knowledge been a time since early on that the network hash has dropped below 10GH/s. Most 'dead' coins have a network hash considerably lower to reflect that they are dead.

This is a SHA256 coin, right?  Only 10GH?

So someone is mining 700,000 HeavyCoins with only 10GH?   That's hard to believe.  You can buy 10 GH of power for $150.  So basically then, one guy is mining this entire coin?

This can't be right; I must be missing something.

[incin]

Keep in mind that although the price is low there hasn't to my knowledge been a time since early on that the network hash has dropped below 10GH/s. Most 'dead' coins have a network hash considerably lower to reflect that they are dead.

This is a SHA256 coin, right?  Only 10GH?

So someone is mining 700,000 HeavyCoins with only 10GH?   That's hard to believe.  You can buy 10 GH of power for $150.  So basically then, one guy is mining this entire coin?

This can't be right; I must be missing something.

NOT SHA256, Hefty1. One R9 270 GPU can mine 14 MH/s.

https://heavycoin.github.io/about.html#ultra-secure

[p1nky]

and 290s do around 27MH/s (@1.1.GHz)

[Vlad2Vlad]

and 290s do around 27MH/s (@1.1.GHz)

Well, in that case 10 GH is actually a lot of miners.

That's a good sign of high interest as well as a good solid distribution which adds value as well.


Thanks!

[fengkaitj]

Can anyone correct the total supplied coins on http://coinmarketcap.com/ for HVC?

[incin]

and 290s do around 27MH/s (@1.1.GHz)

Well, in that case 10 GH is actually a lot of miners.

That's a good sign of high interest as well as a good solid distribution which adds value as well.


Thanks!

Easily $160,000 worth of hardware mining it currently. So yes there is interest and always has been. Price just doesn't reflect that. Get it cheap!