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

[vinani]

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[p1nky]

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]

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. 

[asdf55]

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]

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

[mumbly]

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]

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]

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]

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

[asdf55]

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

[asdf55]

So it will be 100 606 756 coins after all 
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]

My guess for next block reward is 75.

[Vlad2Vlad]

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?

[Afridon]

How is HVC?Is there some thing like roadmap or plans?

[asdf55]

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]

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]

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

[p1nky]

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?

Looks like the 8 vote limit kicked in later than specified, not at the end of limit phase, but only at the beginning of sustain phase.
So we entered sustain phase with a block reward that was still normally voted on with 1024 limit, and apparently the current block reward voting also was not limited to 8 at the beginning, but now seems to be, so the average vote constantly goes down, but due to the blocks still being voted at the 1024 limit at the beginning my gues is we'll end up at a block reward of 75 for the next round. The round after that should be max 8 then for real, or rather 7 as at least I will continue voting 0. On the other hand all what's going on now shoulen't change total supply anymore, only the length of the sustain phase.

[p1nky]

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

I took this from the wallet client when doing my calculation, it showed an average of 300 for 827 votes = 248100, leaving (3600-827) votes at a guesstimated average of 7 = 19411, resulting in a total of 267511, divided by 3600 votes = around 75. But if the client's display of 827 votes was wrong and it were much more then of course my calculation is wrong.

[asdf55]

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

I took this from the wallet client when doing my calculation, it showed an average of 300 for 827 votes = 248100, leaving (3600-827) votes at a guesstimated average of 7 = 19411, resulting in a total of 267511, divided by 3600 votes = around 75. But if the client's display of 827 votes was wrong and it were much more then of course my calculation is wrong.

Yes. wallet display is wrong, thats why I am insisting on block count. 'Averaged' number in brackets is wrong and also 'When' number. Last block reward change was at block 133200 next will be at 136800. Thats the bug I was trying to explain to mumbly with my bad English.

edit: for example ''When'' number now displays 3.8 days, but change is tomorrow in 30 hours so in 1.2 days if you calculate from block count