gpools
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April 08, 2014, 06:05:32 AM |
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Alright, for all the folks hoping for an HVC Multipool, it can't happen, and here's why:
1. Blackcoin is PoS not PoW. This means they don't need miners to be constantly mining the coin in order to sustain the blockchain, all that is handled by open wallets. Whether or not that is good is another conversation for another time, but that's how it is.
2. The multipool would take away hashrate from the HVC blockchain, making HVC more vulnerable and less secure.
3. If a multipool were to solve for 2, it would have to allocate massive hash power to the HVC blockchain, negating the upsides.
Here's the danger with HVC if I understand correctly: If people don't tone down their votes now, the coin will be fully minted REALLY REALLY FAST. This is bad because it centralizes the coin to only early adopters, weakening the coin long term (fewer investors because the community is too small). We need to stretch the mint phase as long as possible for the SURVIVAL of the coin. At this rate, it will already be minted by the time the ASICS hit, and GPU miners won't come because ROI will be too low. We need to, if possible, stretch the mint for AT LEAST a year. The coin needs time to grow.
If people don't lower their votes, the network will be dead in 6 months or less, the moment we hit the sustain phase. PLEASE FOR THE LOVE OF HVC VOTE 1
I Agree whilst I agree the logic to this is sound, I feel a multipool would kickstart demand, the increased buy support would increase the value in the coin and in turn increase peoples interest. The detraction from the hashrate would be made up for once people become more interested and start mining HVC. The difficulty would drop accordingly as well leaving people more likely to begin mining. but now miner like vote 1024 but fast reward low price easy died coin.
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Wenzel745
Member
Offline
Activity: 61
Merit: 10
I'll use crypto to buy a Fiat
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April 08, 2014, 06:24:36 AM |
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Alright, for all the folks hoping for an HVC Multipool, it can't happen, and here's why:
1. Blackcoin is PoS not PoW. This means they don't need miners to be constantly mining the coin in order to sustain the blockchain, all that is handled by open wallets. Whether or not that is good is another conversation for another time, but that's how it is.
2. The multipool would take away hashrate from the HVC blockchain, making HVC more vulnerable and less secure.
3. If a multipool were to solve for 2, it would have to allocate massive hash power to the HVC blockchain, negating the upsides.
Here's the danger with HVC if I understand correctly: If people don't tone down their votes now, the coin will be fully minted REALLY REALLY FAST. This is bad because it centralizes the coin to only early adopters, weakening the coin long term (fewer investors because the community is too small). We need to stretch the mint phase as long as possible for the SURVIVAL of the coin. At this rate, it will already be minted by the time the ASICS hit, and GPU miners won't come because ROI will be too low. We need to, if possible, stretch the mint for AT LEAST a year. The coin needs time to grow.
If people don't lower their votes, the network will be dead in 6 months or less, the moment we hit the sustain phase. PLEASE FOR THE LOVE OF HVC VOTE 1
I Agree whilst I agree the logic to this is sound, I feel a multipool would kickstart demand, the increased buy support would increase the value in the coin and in turn increase peoples interest. The detraction from the hashrate would be made up for once people become more interested and start mining HVC. The difficulty would drop accordingly as well leaving people more likely to begin mining. The problem with the hashrate drop would be that it opens the coin to a 51% attack. Also, creating a multipool is no small task... It took the BC devs weeks to get it fully up and running. For the sustain phase of HVC, maybe. But for the forseeable future a multipool is just not feasible.
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BTC: 163pZXhATaWiuGAX9o9y6PuKCF8ipDWnJH HVC: HJWFdgUJPEw1oiLckBFPBzs8vCTLokCGgd
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TheGer
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April 08, 2014, 06:37:15 AM |
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What he said... but in English lol. Alright, for all the folks hoping for an HVC Multipool, it can't happen, and here's why:
1. Blackcoin is PoS not PoW. This means they don't need miners to be constantly mining the coin in order to sustain the blockchain, all that is handled by open wallets. Whether or not that is good is another conversation for another time, but that's how it is.
2. The multipool would take away hashrate from the HVC blockchain, making HVC more vulnerable and less secure.
3. If a multipool were to solve for 2, it would have to allocate massive hash power to the HVC blockchain, negating the upsides.
Here's the danger with HVC if I understand correctly: If people don't tone down their votes now, the coin will be fully minted REALLY REALLY FAST. This is bad because it centralizes the coin to only early adopters, weakening the coin long term (fewer investors because the community is too small). We need to stretch the mint phase as long as possible for the SURVIVAL of the coin. At this rate, it will already be minted by the time the ASICS hit, and GPU miners won't come because ROI will be too low. We need to, if possible, stretch the mint for AT LEAST a year. The coin needs time to grow.
If people don't lower their votes, the network will be dead in 6 months or less, the moment we hit the sustain phase. PLEASE FOR THE LOVE OF HVC VOTE 1
I Agree whilst I agree the logic to this is sound, I feel a multipool would kickstart demand, the increased buy support would increase the value in the coin and in turn increase peoples interest. The detraction from the hashrate would be made up for once people become more interested and start mining HVC. The difficulty would drop accordingly as well leaving people more likely to begin mining. but now miner like vote 1024 but fast reward low price easy died coin.
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wizzardTim
Legendary
Offline
Activity: 1708
Merit: 1000
Reality is stranger than fiction
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April 08, 2014, 07:05:56 AM |
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Does anyone remember the IPO price of HVC (1 HVC = how many BTC)?
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Behold the Tangle Mysteries! Dare to know It's truth.
- Excerpt from the IOTA Sacred Texts Vol. I
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jakiman
Legendary
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Activity: 1638
Merit: 1011
jakiman is back!
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April 08, 2014, 07:12:42 AM |
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Does anyone remember the IPO price of HVC (1 HVC = how many BTC)?
I believe it was 0.00005.
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wizzardTim
Legendary
Offline
Activity: 1708
Merit: 1000
Reality is stranger than fiction
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April 08, 2014, 07:14:01 AM |
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Does anyone remember the IPO price of HVC (1 HVC = how many BTC)?
I believe it was 0.00005. thank you
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Behold the Tangle Mysteries! Dare to know It's truth.
- Excerpt from the IOTA Sacred Texts Vol. I
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con
Newbie
Offline
Activity: 24
Merit: 0
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April 08, 2014, 07:46:01 AM |
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Does anyone remember the IPO price of HVC (1 HVC = how many BTC)?
I believe it was 0.00005. thank you 173 btc over 5 milion hvc: 0.00003460
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ibinsad
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April 08, 2014, 09:32:47 AM |
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VOTE 1 !!!
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TheRealSteve
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April 08, 2014, 09:40:20 AM |
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Pool hash rates and miners* 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 Pool lucklast 24h luck | 1gh | nonce | hvcpool | zhpool | poolhub | hash avg | 64,034.04 | 715.49 | 456.49 | 43,758.50 | 12,264.56 | blocks | 412 | 5 | 0 | 310 | 42 | hash % | 52.82 | 0.59 | 0.38 | 36.10 | 10.12 | blocks % | 53.58 | 0.65 | 0.00 | 40.31 | 5.46 | luck % | 101.40 | 110.20 | 0.00 | 111.70 | 54.00 |
| last 7d luck | 1gh | nonce | hvcpool | zhpool | poolhub | hash avg | 64,034.04 | 715.49 | 456.49 | 43,758.50 | 12,264.56 | blocks | 2,764 | 27 | 10 | 1,918 | 349 | hash % | 52.82 | 0.59 | 0.38 | 36.10 | 10.12 | blocks % | 54.54 | 0.53 | 0.20 | 37.85 | 6.89 | luck % | 103.25 | 90.27 | 52.40 | 104.85 | 68.07 |
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Mining (indicative, not authoritative!)payoff per Mhash/s / day | ideal solo | 1gh | nonce | hvcpool | zhpool | poolhub | HVC | 3.55294 | 3.55 | 3.11 | 1.80 | 3.61 | 2.34 | mBTC | 0.11440 | 0.11 | 0.10 | 0.06 | 0.12 | 0.08 | USD | 0.05180 | 0.05 | 0.05 | 0.03 | 0.05 | 0.03 |
| pool take / day | 1gh | nonce | hvcpool | zhpool | poolhub | HVC | 2,298.07 | 22.45 | 8.31 | 1,594.68 | 290.17 | BTC | 0.07 | 0.00 | 0.00 | 0.05 | 0.01 | USD | 33.51 | 0.33 | 0.12 | 23.25 | 4.23 |
| Based on last 7 days performance and... block reward: HVC582 | mBTC/HVC: 0.0322 | USD/BTC: $452.8
Block progressionoverall | 1gh | hvcpool | noncepool | zhpool | poolhub | other | total | Blocks | 2764 | 10 | 27 | 1918 | 349 | 0 | 5068 | Percent | 54.5 | 0.2 | 0.5 | 37.8 | 6.9 | 0 | 99.9 | hash_rate | 64034 | 456 | 715 | 43758 | 12265 | 0 | 121228 | Percent | 52.8 | 0.4 | 0.6 | 36.1 | 10.1 | 0 | 100 |
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1gh Top stats___Top_100___ | | ___Top_10___ | | Total: | 42,023.47 Mhash/s | Total: | 12,838.04 Mhash/s | % of pool: | 71.1% | % of pool: | 21.7% | % of network: | 36.7% | % of network: | 11.2% | Mean rate: | 420.23 Mhash/s | Mean rate: | 1,283.80 Mhash/s | Median rate: | 271.58 Mhash/s | Median rate: | 1,228.40 Mhash/s | Mode(10) rate: | 150 Mhash/s | Mode(100) rate: | 1200 Mhash/s |
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jakiman
Legendary
Offline
Activity: 1638
Merit: 1011
jakiman is back!
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April 08, 2014, 09:49:43 AM |
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Does anyone remember the IPO price of HVC (1 HVC = how many BTC)?
I believe it was 0.00005. thank you 173 btc over 5 milion hvc: 0.00003460 Oh. Thank you for the exact price!
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SimkoMiner
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April 08, 2014, 10:46:14 AM |
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Any idea when HVC price stops dropping, maybe when BTC recovers? Gpools, are you still holding like a boss? :-) Cause once you start dumping we'll be all doomed.
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gpools
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April 08, 2014, 10:53:24 AM Last edit: April 08, 2014, 11:07:28 AM by gpools |
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lol i'm holding all my coin. Now HVC undervalued.
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tinus42
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April 08, 2014, 11:23:11 AM |
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Does anyone remember the IPO price of HVC (1 HVC = how many BTC)?
I believe it was 0.00005. thank you 173 btc over 5 milion hvc: 0.00003460 Oh. Thank you for the exact price! If you want the really exact price it's 0.00003477 (= 5,000,000 / 173.84775614)
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Severaz
Newbie
Offline
Activity: 48
Merit: 0
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April 08, 2014, 11:55:05 AM |
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Does anyone remember the IPO price of HVC (1 HVC = how many BTC)?
I believe it was 0.00005. thank you 173 btc over 5 milion hvc: 0.00003460 Oh. Thank you for the exact price! If you want the really exact price it's 0.00003477 (= 5,000,000 / 173.84775614) and its selling for ~0.00003104 i wouldnt say its undervalued at this point
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kuperis
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April 08, 2014, 12:04:40 PM |
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somebody really dumping theirs HVC i think some ppl think after 15/04 btc is be dead and they selling off their coins and exchanging to fiat. but if that bans not confirms, then BTC will bounce back to ~600 zone and in shorterm we have to see HVC 0.00006, longterm after phase 1, there can be 0.0003 BTC.
anyway someone believe, some is not i try risk and bought additionaly 26667 HVC today.
and u all the times biggest winnings are when everyone selling u buying and holding... there diffrent think, but in early 2009 stocks market when was all that stockmarket panic i bought LasVegas Sands ( LVS ) stocks for 1.82$, todays price 75 (high 88) of course i sold out my 62$ and WNR 8.25 (late 2009) sold at 35$ now just keeping TSLA bought for 29$, todays price is 207 FTK 2.11$ today is 27$ NFLX 77$ and some holdings is in minus like solar stocks FSLR, SPWRA, and AMD
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gpools
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April 08, 2014, 12:50:02 PM |
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I don't care , China Ban bitcoin but money never sleep.
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RavenX
Member
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Activity: 112
Merit: 10
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April 08, 2014, 01:06:21 PM |
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I bought some yesterday too...
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cryptomines
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April 08, 2014, 01:09:12 PM |
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Even if we as a community voted the block reward in half, say 250, it would put HVC on the map in a big way. HVC is an innovator, not a clone, it doesn't need a gimmick like all the shitcoins out there do. Scrypt-asic's are going to change the whole altcoin landscape, and not for the betterment of gpu mining. We can control how long we mine HVC for and how much we end up with in the end. I don't know how many miners read this forum, but I'm sure they all look at the pool pages on a regular basis. If we could get the pools to put up a message stressing the importance of the vote I think that would help. I know zhpool gives you vote information on their dashboard, but 1GH doesn't have any information at all. I did notice they changed -v to -vote which is very helpful.
This coin has more potential than any other! Vote 1 for Heavy!!
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