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

[zhpool]

@carlo, in personal I totally agree with you, I have been running my own rig voting 1 for almost 1 month, but that is my own choice, not the pool, I don't own the pool or the minners at our pool...

It's really easy for a pool operator to "decide" the vote for our minners, but it's a free market we are running, we don't and will not tell people the price to buy or sell, we like HVC technically, but you decide HVC's future wtih your vote.

Per your suggestions, I will change the default 1024 to 512 after 10 hours.

[kalashnikovski]

@carlo, in personal I totally agree with you, I have been running my own rig voting 1 for almost 1 month, but that is my own choice, not the pool, I don't own the pool or the minners at our pool...

It's really easy for a pool operator to "decide" the vote for our minners, but it's a free market we are running, we don't and will not tell people the price to buy or sell, we like HVC technically, but you decide HVC's future wtih your vote.

Per your suggestions, I will change the default 1024 to 1 after 10 hours.

corrected

[cayars]

@carlo, in personal I totally agree with you, I have been running my own rig voting 1 for almost 1 month, but that is my own choice, not the pool, I don't own the pool or the minners at our pool...

It's really easy for a pool operator to "decide" the vote for our minners, but it's a free market we are running, we don't and will not tell people the price to buy or sell, we like HVC technically, but you decide HVC's future wtih your vote.

Per your suggestions, I will change the default 1024 to 512 after 10 hours.

To 1.  I believe it's already at 512.

Thank you.

BTW, no one was suggesting anything other then setting the "default" to 1.  Any miner is/will be free to change it to whatever they wish to have it set to.  Others who are lazy or just don't understand how the vote works will have something already pre-set for them to use.  They of course always have the ability to change it at any time.  We as a community just think a lot of people "use the default" without changing it so for these people we would prefer the "default" be set to 1.  Nothing more than that.

Carlo

PS what did you mean by "I don't own the pool"?  It's not your pool?

[cayars]

Last 10 block votes:
ZHPool: 716.94 average - 512,1024,512,1024,1024,1024,512,1024,1024,1
Nonce: 77.6 average - 768,0,1,1,1,1,1,1,1,1

[kqpahv]

@carlo, in personal I totally agree with you, I have been running my own rig voting 1 for almost 1 month, but that is my own choice, not the pool, I don't own the pool or the minners at our pool...

It's really easy for a pool operator to "decide" the vote for our minners, but it's a free market we are running, we don't and will not tell people the price to buy or sell, we like HVC technically, but you decide HVC's future wtih your vote.

Per your suggestions, I will change the default 1024 to 512 after 10 hours.

But by having a default value in the config deciding for the miners is exactly what you are doing !?
Why not have something like "-vote YOUR VOTE" instead of 512 ?

[cayars]

@carlo, in personal I totally agree with you, I have been running my own rig voting 1 for almost 1 month, but that is my own choice, not the pool, I don't own the pool or the minners at our pool...

It's really easy for a pool operator to "decide" the vote for our minners, but it's a free market we are running, we don't and will not tell people the price to buy or sell, we like HVC technically, but you decide HVC's future wtih your vote.

Per your suggestions, I will change the default 1024 to 512 after 10 hours.

But by having a default value in the config deciding for the miners is exactly what you are doing !?
Why not have something like "-vote YOUR VOTE" instead of 512 ?

It's a "slippery slope" for sure.

In an ideal world what you just typed/suggested would be preferred and the ideal had it been done that way!!!  However a few pools started with 1024 (highest vote possible) as the default vote which many people just kept so we in effect have "default/config" votes coming through which are very high by a whole lot of miners. A large portion of those mining are probably using these "defaults". To a lot of people just looking for a quick way to mine HVC they have no idea (or very little idea) how the vote really works. What we are trying to do "is counter" this "high default" vote with an equal set of "low default" votes.  <--- normalize it so to speak.

BUT since there will more then likely be a problem when we reach sustain phase at current voting levels we are "trying to influence" the voting while keeping in the spirit of allowing people to make their own choice.

If it were done as you suggested from the start I would never have asked any pool to change the default as it would not have been set to begin with.  But because of the way many ZIP files were downloaded and used we have a lot of high votes coming in that are essentially "pool votes" that were set at the maximum.

I hope the intention is clear.  

I have volunteered to write up a sample paragraph explaining the vote which I could post to the forum for comment/review.  Then any pool manager running MPOS (have email addresses) could send this to their users.  This would educate the users (those that don't know how voting really works) and suggest they check/re-set their vote to what they feel is best. They could raise or lower their vote but at least it would then be THEIR vote so to speak.

Carlo

But yes in all honestly I am probably over-stepping a bit trying to get the vote down.

[dzhan]

would be nice if HVC got listed on some chinese exchange like:

bter.com
btc38.com

[TheRealSteve]

Pool hash rates and miners

pool	rate (Mh/s)*	delta***	% of network	miners**	rate/miner	fee (%)	payout
http://hvc.1gh.com/	39,826.99	-1,608.05	51.07			1	RBPPS
http://heavycoin.zhpool.com/	30,981.80	3,294.40	39.73	504.9	61.36	1	PPLNS
http://heavycoin.miningpoolhub.com/	8,126.84	131.45	10.42	46.3	175.53	1	PROP
http://hvc.nonce-pool.com/	1,376.77	740.49	1.77	59	23.34	1	PPLNS
https://heavycoinpool.com/	0.11	-0.11	0	0.9	0.12		(shut  down)
http://heavy.stablehash.com/	0.00	0.00	0	0	0	1	PROP
https://hvc.crunchharder.net/	0.00	0.00	0	0	0	2	PPLNS
total	80,312.51	2,558.18
network rate	77,980	14,440

* 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 40,601.12 1,168.77 31,934.29 8,243.96 blocks 443 12 302 35 hash % 49.54 1.43 38.97 10.06 blocks % 55.92 1.51 38.12 4.44 luck % 112.90 106.20 97.80 44.20

| | | | | | | |

last 7d 1gh nonce zhpool poolhub hash avg 41,813.45 675.45 30,490.99 8,387.47 blocks 2,639 43 1,908 352 hash % 51.39 0.83 37.47 10.31 blocks % 53.40 0.87 38.61 7.12 luck % 103.91 104.81 103.03 69.10

1gh Top stats

Top 100 Mhash/s | Top 10 Mhash/s Total: 32,417.72 | Total: 10,524.18 Mean rate: 324.18 | Mean rate: 1,052.42 Median rate: 191.42 | Median rate: 932.03 Mode(10) rate: 100 | Mode(100) rate: 700 % of pool: 81.4% | % of pool: 26.4% % of network: 40.4% | % of network: 13.1%

Pool voting

Mining (indicative, not authoritative!)

payoff per Mhash/s / day ideal solo 1gh nonce zhpool poolhub HVC 4.85578 4.86 4.90 4.81 3.23 mBTC 0.10799 0.11 0.11 0.11 0.07 USD 0.05504 0.06 0.06 0.05 0.04

| | | | | |

pool take/day 1gh nonce zhpool poolhub HVC 2,050.88 33.42 1,482.79 273.55 BTC 0.05 0.00 0.03 0.01 USD 23.25 0.38 16.81 3.10

Based on last 7 days performance and... block reward: HVC544 | mBTC/HVC: 0.02224 | USD/BTC: $509.7

[Jonesd]

Pool hash rates and miners

pool	rate (Mh/s)*	delta***	% of network	miners**	rate/miner	fee (%)	payout
http://hvc.1gh.com/	39,826.99	-1,608.05	51.07			1	RBPPS
http://heavycoin.zhpool.com/	30,981.80	3,294.40	39.73	504.9	61.36	1	PPLNS
http://heavycoin.miningpoolhub.com/	8,126.84	131.45	10.42	46.3	175.53	1	PROP
http://hvc.nonce-pool.com/	1,376.77	740.49	1.77	59	23.34	1	PPLNS
https://heavycoinpool.com/	0.11	-0.11	0	0.9	0.12		(shut  down)
http://heavy.stablehash.com/	0.00	0.00	0	0	0	1	PROP
https://hvc.crunchharder.net/	0.00	0.00	0	0	0	2	PPLNS
total	80,312.51	2,558.18
network rate	77,980	14,440

* 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 40,601.12 1,168.77 31,934.29 8,243.96 blocks 443 12 302 35 hash % 49.54 1.43 38.97 10.06 blocks % 55.92 1.51 38.12 4.44 luck % 112.90 106.20 97.80 44.20

| | | | | | | |

last 7d 1gh nonce zhpool poolhub hash avg 41,813.45 675.45 30,490.99 8,387.47 blocks 2,639 43 1,908 352 hash % 51.39 0.83 37.47 10.31 blocks % 53.40 0.87 38.61 7.12 luck % 103.91 104.81 103.03 69.10

1gh Top stats

Top 100 Mhash/s | Top 10 Mhash/s Total: 32,417.72 | Total: 10,524.18 Mean rate: 324.18 | Mean rate: 1,052.42 Median rate: 191.42 | Median rate: 932.03 Mode(10) rate: 100 | Mode(100) rate: 700 % of pool: 81.4% | % of pool: 26.4% % of network: 40.4% | % of network: 13.1%

Pool voting

Mining (indicative, not authoritative!)

payoff per Mhash/s / day ideal solo 1gh nonce zhpool poolhub HVC 4.85578 4.86 4.90 4.81 3.23 mBTC 0.10799 0.11 0.11 0.11 0.07 USD 0.05504 0.06 0.06 0.05 0.04

| | | | | |

pool take/day 1gh nonce zhpool poolhub HVC 2,050.88 33.42 1,482.79 273.55 BTC 0.05 0.00 0.03 0.01 USD 23.25 0.38 16.81 3.10

Based on last 7 days performance and... block reward: HVC544 | mBTC/HVC: 0.02224 | USD/BTC: $509.7

Nice overview

[Stratobitz]

Starting to have major MAJOR doubt. Buy orders have all but vanished. Volume is nothing. Coin isn't profitable.

Honestly... How do you turn that around?  I loved HVC when it was first released as a cpu only coin.  But that changed quick, and thus did the metrics and value.

There are WAAAAY to many coins out there.  There are not enough buyers.

There used to be tons of buyers and everyone was holding.  Now its just everyone holding.

High supply and low demand is BAD Economics. It doesn't work.

I wish there was a great CPU only coin out there. HVC was supposed to be it. It failed and is now trying to be something it's not.

All of this talk about pools, lower votes, 2.0. Folks, it's broken. Faith is lost. People ain't buying.

I'm disappointed. I mined this coin since the start on CPU, from solo, to pool, to GPU.

I'm sorry, but I'm dumping out. I can't keep my 24 280x cards running a profit less coin. LTC is by far more lucrative, energy and heat to go with it.  I could mine LTC and buy double the HVC the way the spread and buy sheets are looking.

I hate to say it but maybe instead of fixing this GIANT mess, we should learn from what happened and someone should create a true CPU coin which is what attracted us all to HVC from the start.

I'm selling now while I can still inch a bit out of my 430k HVC I should have sold weeks ago. I'm pointing my rigs back to wemineltc.

Not a hater. I had so much faith. But it's time to let go.

[incin]

Starting to have major MAJOR doubt. Buy orders have all but vanished. Volume is nothing. Coin isn't profitable.

Honestly... How do you turn that around?  I loved HVC when it was first released as a cpu only coin.  But that changed quick, and thus did the metrics and value.

There are WAAAAY to many coins out there.  There are not enough buyers.

There used to be tons of buyers and everyone was holding.  Now its just everyone holding.

High supply and low demand is BAD Economics. It doesn't work.

I wish there was a great CPU only coin out there. HVC was supposed to be it. It failed and is now trying to be something it's not.

All of this talk about pools, lower votes, 2.0. Folks, it's broken. Faith is lost. People ain't buying.

I'm disappointed. I mined this coin since the start on CPU, from solo, to pool, to GPU.

I'm sorry, but I'm dumping out. I can't keep my 24 280x cards running a profit less coin. LTC is by far more lucrative, energy and heat to go with it.  I could mine LTC and buy double the HVC the way the spread and buy sheets are looking.

I hate to say it but maybe instead of fixing this GIANT mess, we should learn from what happened and someone should create a true CPU coin which is what attracted us all to HVC from the start.

I'm selling now while I can still inch a bit out of my 430k HVC I should have sold weeks ago. I'm pointing my rigs back to wemineltc.

Not a hater. I had so much faith. But it's time to let go.

Afraid a lot of people are/have done the same. 

[Wenzel745]

I think we could do well even without it being a true CPU coin (though I'd prefer that). I think a coin re-launch without an IPO, removing voting, and setting a longer mining period could do the trick.

That being said, we need something huge to happen for this coin to matter. Altcoins survive only if they serve one of two purposes:

1. Full ecosystem, real potential to challenge other top 10 coins.

2. Testing grounds for new ideas, algos, technologies.

I don't think HVC in it's current state can really claim either of the above.

[reorder]

Some people are just too impatient...       

In alts world, be quick or be dead.

[GeekMan]

I have to say, I think instead of letting go ... lets make HVC stable and good and not become the biggest PnD ever like BC.

[draco71]

Some people are just too impatient...      

smaragda, I follow HVC prior the lunch and I know that you are one of the true believers. But, HVC has some things fundamentally wrong. I will try to explain my view.

1. The "CPU-only" coin disaster. At that point, the coin lost the vast majority of its miners. Not hash speed, miners, people. The reason is that there are a lot of people out there that they do not have a killing GPU/ASIC infrastructure. So, they are looking for a strong new CPU-coin.

2.  The innovative voting system. Professional miners that come for a quick buck, will always vote 1024 or so. Vast majority of them want to mine as much as possible and dump as soon as possible. They have bills to pay. That leads to ...

3. Miners with a bazillion of coins. Each time the coin gains 100-200 Sat, they will dump for some BTC. Right now, they do not dump, because if they dump, the coin will reach 1 Sat and they will have some HVC left still.

HVC lost me at point 1. I went out at 7200 Sat (50%) and at 5450 Sat (another 40%). I made a modest profit and I keep my 10% because you never know. With all my heart, I wish all the best to HVC community. It is not so active but I see really nice people here and I respect that. Also, I think that the developer should be respected. He tried his best, he brought something new in crypto and I believe that in the future he can do a lot better. He is not a PR guy, community should take over in order to do the PR.

[hyeoam]

Charts here: http://crypto-prices.com/HVC

[Stratobitz]

You could try what MMC did.  New wallet. 4 to 1 value swap. Old coins worthless. Basically less coins.

In mean time take a look at MRC on Mintpal. It's moving!

[Stratobitz]

Dude look at Mintpal. Nothing being bought. No good orders. No demand. Sell is thin. This coin has lost its steam.

It will either be a slow decline to nothing or a swift death if people try to cash out while they can.

Bummer. We need a real CPU coin.  Even primecoin is now GPU.

Sigh.

[deadthings]

Bummer. We need a real CPU coin.  Even primecoin is now GPU.

CPU-only is a myth. RIC has been real CPU-only from the start and still its value has tanked to the point where its not particularly profitable to mine and its viability is being questioned despite a highly active dev and a strong community that has launched a Foundation in support of the coin. XPM was CPU-only for months and months, and aside from a brief how-do-you-do in December, its price has been in steady decline since launch. The recent release of a GPU miner for XPM has had zero effect. Being CPU-only (or not) is a total red herring and has no bearing whatsoever on either the short-term or long-term viability of any coin. To suggest otherwise is either folly or deceit.

[draco71]

Bummer. We need a real CPU coin.  Even primecoin is now GPU.

CPU-only is a myth. RIC has been real CPU-only from the start and still its value has tanked to the point where its not particularly profitable to mine and its viability is being questioned despite a highly active dev and a strong community that has launched a Foundation in support of the coin. XPM was CPU-only for months and months, and aside from a brief how-do-you-do in December, its price has been in steady decline since launch. The recent release of a GPU miner for XPM has had zero effect. Being CPU-only (or not) is a total red herring and has no bearing whatsoever on either the short-term or long-term viability of any coin. To suggest otherwise is either folly or deceit.

 I do not quite disagree with you. So far, this is the case. However, I believe that in the future, as many "regular" people enter crypto, the need of a CPU-only coin will increase.

And since you mentioned RIC ... I love it (you can tell it from my sig  ) but RIC has another problem. The problem is that there are something like 10-15 persons that mine the most of it with some gigantic CPU-farms, so for anyone else is a lost case ...

Sorry for the off-topic, back to HVC, nothing to see here