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Author Topic: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast  (Read 541744 times)
p1nky
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September 06, 2014, 01:38:07 PM
 #5681

4580 blocks until the end of limit phase (about 6 days)

Actually the block reward should go to 8 tomorrow already if the specs are correct as there should be a vote limit of 8 for the last 3600 blocks of limit phase, and that will happen in ~850 blocks.
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Jonesd
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September 06, 2014, 04:17:20 PM
 #5682


I think Hedge funds are already buying alts so this next rally will have legs.

I highlighted the key word in that sentence. Let's come back here in 6 months for a review.  Wink


Last year I said I THINK Bitcoin will go over $1,000 and match gold within 12 months.  I said I THINK the ETF is a done deal.  And I THINK Wall Street is secretly buying Bitcoin and will go all-in next year (2014).


All of these things have happened just like I THOUGHT.

The thing about investments is that if you can't see ahead of the masses (the herd) there's no way to make any real money.  That's why only insiders keep getting richer, massive wealth is transferred from those who don't know to those in the know [ZERO sum game].  I traded stocks for over 20 years and this was the hardest, most expensive lesson I ever learned:  ALL markets are rigged [ALWAYS] but if you know their next move, which takes great understanding and predictive power, you can prepare like them and make a killing when the herd moves in [too late].

I am more certain about $10,000 by the latest next Q1-Q2, than I was about Bitcoin going over $1,000.  There was hardly any visibility last year while now it's much more clear.

I tell you guys this [cause just like last year] people will sell way too early because they don't understand what's in-play and where Bitcoin is headed. 

So be smart once that ETF license goes green and hold on to your BTC and alts - it's gonna get crazy, much crazier than last November.


Cheers!
Check the year for your all in by Wall street prediction. I'm assuming you meant 2015 because it hasn't happened this year. I'm very well versed on how the markets work these days. I've been doing this for a very long time. That's why I quit trading them in 2006 after more than 40 years. I started mining BTC in 2009 and LTC in 2012 so I did well there. As many have said the alt markets are in the wild west stage. A few will survive, most won't IMHO. I have positions in several that I think will do well. If they don't then it doesn't really matter to me. All I have invested in them is the electricity it took to mine them. Like I said before, let's revisit this in 6 months or so. Your predictions could be spot but the US govt has already declared cryptos as a taxable commodity which will definitely be a hindrance and the fundamentals do not support you ATM.

Cheers.


Although, I think it is unlikely, I like your optimism! Smiley

Would not be surprised if BTC takes another value jump in December and I think altcoins will exponentially grow with that. I'll get myself some extra HVC.

If it was easy, everybody would be doing it
asdf55
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September 07, 2014, 06:43:26 PM
Last edit: September 07, 2014, 06:59:40 PM by asdf55
 #5683

4580 blocks until the end of limit phase (about 6 days)

Actually the block reward should go to 8 tomorrow already if the specs are correct as there should be a vote limit of 8 for the last 3600 blocks of limit phase, and that will happen in ~850 blocks.

Block reward change was at block 129'600, next reward change is at block 133'200 when I expect 8 coins/block to kick in. I wrote about small wallet bug before, about block reward change error - in wallet change is about 700 blocks later than it actual is on network.

vinani
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September 11, 2014, 02:35:37 PM
 #5684

up
p1nky
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September 11, 2014, 11:54:06 PM
 #5685

More than 3.000 blocks now mined at 300+ block reward while it should have been 8, and even the votes are still at 300+ when they should have been at a max of 8 days ago.
Mumbly is a fix coming for this?
Vlad2Vlad
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September 12, 2014, 04:48:10 AM
 #5686

More than 3.000 blocks now mined at 300+ block reward while it should have been 8, and even the votes are still at 300+ when they should have been at a max of 8 days ago.
Mumbly is a fix coming for this?

Great, so even more inflation and dilution. 

iXcoin - Welcome to the F U T U R E!
asdf55
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September 12, 2014, 06:01:00 AM
 #5687

We missed 8 block transition period. Hopefully at the end of limit phase ( 380 blocks ~12.5 hours ) block reward and block vote will be forced to 8...

NeuroticFish
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September 12, 2014, 08:21:24 AM
 #5688

Just for this we may need that somebody notifies the devs to check, fix and keep an eye on this for a while...

mumbly
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September 12, 2014, 11:18:25 AM
 #5689

More than 3.000 blocks now mined at 300+ block reward while it should have been 8, and even the votes are still at 300+ when they should have been at a max of 8 days ago.
Mumbly is a fix coming for this?

Hey guys,

I've asked Keccak to take a look at your messages and let us know what's happening.

I've always found asdf55 to be careful with his numbers, but it's not out of the question that there's something we haven't taken in to account/mis-calculated about the current block reward.

Keep in mind that we don't have a confirmed problem yet, but by all means we should look in to what's happening.

I'll be keeping an eye on this with you guys and let you know if I hear from Keccak outside of here.

About the next update, I don't have an official word, but I know the guys have been working on the 1.4 release, I'd expect that they're waiting for the end of limit phase to add a checkpoint to the code, just like at the end of the mint phase.

Feel free to post any calculations of this - I'm going to double check the numbers and see if anything stands out to me. It might also be worth taking a look at the code on github to see if it gives us any ideas.

Cheers,
M
asdf55
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September 12, 2014, 01:11:30 PM
 #5690

We should not enter sustain phase with block reward greater than 8 or possible vote greater than 8. So I hope that we will have block reward and block vote forced to max 8 at the end of limit phase. Or else we will have inflation in sustain phase.
I think there is 3 scenarios as we enter sustain phase:

1. Block reward is max 8 and block vote is max 8 - Sustain phase is as it should be, only inflation is that one at the end of limit phase which is over.
2. Block reward is calculated by previous votes, max vote is 8 - We have 1.3 million coins inflation (out of 10 mil total coins)  in first week of the sustain phase
3. Block reward is calculated by previous votes, max vote is 1024 - than mining will be over in couple of weeks

p1nky
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September 12, 2014, 02:29:55 PM
 #5691

Well it is a clear violation of the specification there is no doubt about that!

It clearly says " The second phase (Limit) allows a maximum vote of 1024 HVC for the first 59,876 blocks, but 8 HVC for the last ~3,600 blocks so it can transition into to the last phase (Sustain). The Sustain phase allows a maximum vote of 8 HVC."

We are now almost 3,500 blocks into those "last 3,600 blocks" and I STILL see an average vote of 327.

If it was paramount to stick to the original specification and keep allowing people to vote high throughout the limit phase, when it was already obvious that a system that only allows miners to vote, is not working, then FFS stick to the specification now also and stop this high voting AS SPECIFIED!
distraido
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September 12, 2014, 04:00:06 PM
 #5692

Hello,
i have downloaded the wallet but it dosen't sync.
can anyone help plz

asdf55
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September 12, 2014, 07:17:29 PM
 #5693

So it will be 100 606 756 coins after all  Roll Eyes
13 68 7634 coins in sustain phase, block vote 8

asdf55
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September 12, 2014, 07:35:33 PM
 #5694

So it will be 100 606 756 coins after all  Roll Eyes
13 68 7634 coins in sustain phase, block vote 8

details:

Last block change was at block 133 200, so next  will be at block 136 800. Change to sustain phase was at block 135 317.
So over next 136 800 - 135 317= 1483 blocks ( ~2 days) we have block reward 366 HVC -- 1483*366= 542 778 coins
From block 136 800 to block 140 400 ( 5 days ) we will have block reward of about 215 HVC -- 3600*215= 774 000 coins
From block 140 400 we will have block reward 1-8 HVC

p1nky
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September 13, 2014, 03:29:06 AM
 #5695

My guess for next block reward is 75.
Vlad2Vlad
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September 13, 2014, 04:17:11 AM
 #5696

My guess for next block reward is 75.


What in the world is going on?  I thought HEAVY was supposed to be totally done with PoW phase in the next day or two?

So what is the new target - over 100 million coins?

iXcoin - Welcome to the F U T U R E!
Afridon
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September 13, 2014, 06:26:08 AM
 #5697

How is HVC?Is there some thing like roadmap or plans?
asdf55
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September 13, 2014, 08:18:09 AM
 #5698

My guess for next block reward is 75.

I did make mistake in calculation here
details:

Last block change was at block 133 200, so next  will be at block 136 800. Change to sustain phase was at block 135 317.
So over next 136 800 - 135 317= 1483 blocks ( ~2 days) we have block reward 366 HVC -- 1483*366= 542 778 coins
From block 136 800 to block 140 400 ( 5 days ) we will have block reward of about 215 HVC -- 3600*215= 774 000 coins
From block 140 400 we will have block reward 1-8 HVC

Last 2117 blocks in limit phase we have avg vote 326, in sustain phase avg vote is 0-8 so if we take 8 avg vote we have (2117*326 +1483*8 )/3600= 195 HVC
It is not big difference if we take 0 avg votes, than next block reward will be 192 HVC.
So from block 136 800 to block 140 400 we will have max 3600*194=698 400 coins

What in the world is going on?  I thought HEAVY was supposed to be totally done with PoW phase in the next day or two?

So what is the new target - over 100 million coins?

We have one more change to block reward ~195 HVC than we have 1-8 HVC block reward. Thats about 6 days of inflation, roughly ~88 million coins before low reward kick in.

distraido
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September 13, 2014, 11:37:51 AM
 #5699

Hello,
i have downloaded the wallet but it dosen't sync.
can anyone help plz

Hello,
i am having problems my wallet ins't syncing i added the nodes but still dosen't sync could anyone give me a hnad

asdf55
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September 13, 2014, 11:59:34 AM
 #5700

Hello,
i have downloaded the wallet but it dosen't sync.
can anyone help plz

Hello,
i am having problems my wallet ins't syncing i added the nodes but still dosen't sync could anyone give me a hnad

hope this helps

Can someone give me nodes? Wallet can`t synchronizated

5.9.97.243:7203
119.81.51.10:7203
128.199.180.150:7203
80.241.218.9:7203


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