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

[deadthings]

By investors...  do you mean folks like the ones buying right now at 300% lower rates than the IPO itself?    

Make sure you don't make these points too clear...  we don't want trolls'/dumpers' heads exploding all over the thread!!!    

Boom.

[draco71]

I tried really hard to see where are these "investors that buying right now", but I could not find them.

And with a 4.10 BTC 24-hour volume in total (source: http://coinmarketcap.com), they must use another way to buy, that I am not familiar with ...

[kahir]

I think there is some thread depression in here..

Ive never seen so much community whining and fud..

Fud took down this coin and nothing else for sure. If this coin turns around somehow i feel like its not gonna be from anything the devs do.


I thought it was lack of dev updates so i posted in this thread asking what would you do if the dev showed up and asked what can we do? and the response was pathetic! I thought there would be a land slide of requests ... It was like two guys saying we need to do something about the vote.

Somehow it feels like this community talked itself out of this coin.

its a thread of bag holders .... what .. u think they tell jokes over here

[zedicus]

I think there is some thread depression in here..

Ive never seen so much community whining and fud..

Fud took down this coin and nothing else for sure. If this coin turns around somehow i feel like its not gonna be from anything the devs do.


I thought it was lack of dev updates so i posted in this thread asking what would you do if the dev showed up and asked what can we do? and the response was pathetic! I thought there would be a land slide of requests ... It was like two guys saying we need to do something about the vote.

Somehow it feels like this community talked itself out of this coin.

its a thread of bag holders .... what .. u think they tell jokes over here

Three guys walk into a bar,

One guy has a bag and a t-shirt on that says  "HODL".

The second guy has a bag too and he has a shirt on that says "Bag holder".

 The last guy has nothing but he's heard bickering with the other two as they walk in!


Shortly after 3 shots and 3 beers an armed mad man with a gun storms into the bar, points the gun at them and says..
"Give me all your shit!"


Faster than the speed of light both guy number one and guy number two instantly point to guy number three and say   ------>> "He's full of shit!, This is the guy you want!! if you want shit, he's got it!!

 He has been giving us shit for the last ...

[cayars]

Miners always think they're so important. Guess what? They're not.

You are obviously more informed then I then.  By all means, please enlighten us how the security of the network holds if we lose mass miners?  I'm all ears waiting to hear/learn how this works.

Always happen to enlighten! Yes, miners support network security, but that is a cost of entry that is not factored into the exchange rate of a coin. If a coin is being mined and bought, then it is viable (i.e., worth something). If a coin is not being mined and bought, then it is not viable (i.e., worth nothing). This binary switch of making a coin worth something greater than zero is the ONLY positive impact miners can have on the value of a coin. I explain:

Miners exert downward pressure on the value of a coin in two significant ways. First, miners are necessarily inflationary to a coin. No matter how many of the coin they buy, they will always have more for sale by virtue of the fact that some proportion of their holdings have been essentially plucked out of the thin, blue sky. Second, miners are also necessarily more likely to dump a coin because their investment is associated with a lower cost of acquisition. Therefore, they can still profit by selling the coin at below market values, driving exchanges rates downward.

So, in other words, miners contribute to the difference between 0 and >0. After that, their influence is entirely negative on a coin - investors and only investors are responsible for any subsequent increases in exchange rate.

I don't really fundamentally disagree with what you said but did you answer the question? "enlighten us how the security of the network holds if we lose mass miners?"

But for fun, playing devils advocate:
Could miners not also exert UPWARD pressure also?  As an example if investor wanted to buy at price X but the lowest sell price from any miner is X + 1000 then for the "investor" to set the price he would have to pay X +1000 in order to be an "investor".  So in this case one could argue the "miner" set the price and not the investor.  This is a "glass half full, glass half empty" type thing.  Just depends on which side you are on.

In reality it takes both sides to mutually agree on a price and both sides set the price.  Same as the stock market, buying food at the super market etc. Supply and demand.  Maybe a poor analogy, but could you walk into your local grocery store and tell the cashier you won't pay $4.00 for a gallon of milk but only pay $3.50 and thus you the investor/buyer set the price?  Nope.  The seller will usually control the price and not the purchaser.  It's a fine balance point of what they can get for product/service. Again supply and demand but the seller actually controls the price. If he prices it to high there might not be a sale however.

Now using the same example above it the grocery store purchased 1000 gallons of milk thinking they could sell them all in one week but 4 days in found they still have 700 gallons left they may decide to lower prices or have a "fire sale" in order to get something for the milk before it expires.  But again the seller sets the price and the buyer/investor decides if they will pay it.  It might go through several rounds before they agree on price.

It's the same as, which came first the chicken or the egg?

But now that I'm done playing devil's advocate. Could you try and tell us why miners don't matter?  Especially considering that if we don't have them we have security and other payment processing issues?

[deadthings]

I don't really fundamentally disagree with what you said but did you answer the question? "enlighten us how the security of the network holds if we lose mass miners?"

Aye, I did. Network security is a cost of entry item. It is a contributing element in determining if a coin is worth nothing or more than nothing. If network security does not exist, then the coin is not viable and is worth zero. So in that sense, miners have a very important role to play. But alas, they cannot positively affect value outside of the 0 or >0 effect I have previously described for the reasons I have previously described.

In reality it takes both sides to mutually agree on a price and both sides set the price.  

I appreciate your argument, here - that whomever places the order, be they buyer or seller, sets the price at which the transaction occurs. While this is a microeconomic interpretation, I certainly cannot disagree that supply & demand effects ought to be considered. But here's the sticking point when it comes to minable cryptos... because miners can create coins out of essentially nothing (their costs of acquisition are sunk out-of-market), supply will continually meet or exceed demand while a coin is still in its PoW stage. And that fact necessarily tilts the supply/demand element in favour of supply, meaning value is determined only by what the market will bear. And "what the market will bear" means the exchange rate a buyer is willing to pay for a coin, not the rate at which a seller is willing to sell.

I apologize for dragging you and the thread OT. Please feel free to respond to my rebuttal if you would like, but I pledge to not pursue the debate further in this milieu.

[draco71]

I tried really hard to see where are these "investors that buying right now", but I could not find them.

Every single HVC sold by one person has been bought by someone else...  it's called Trading 101...   

Irrelevant. This will happen also on 1 HVC = 1 BTC or 1 HVC = 1 sat. And why you quoted only the first sentence?

If you are satisfied with the volume, fine with me ...

[TheRealSteve]

Pool hash rates and miners

pool	rate (Mh/s)*	delta***	miners**	rate/miner	fee (%)	payout
http://hvc.1gh.com/	19,824.44	-2,920.90			1	RBPPS
http://heavycoin.zhpool.com/	18,936.50	3,654.30	258.1	73.37	1	PPLNS
http://heavycoin.miningpoolhub.com/	7,203.36	96.06	37	194.69	1	PROP
http://hvc.nonce-pool.com/	435.76	-10.82	22.8	38.4	1	PPLNS
http://heavy.stablehash.com/	0.00	0.00	0	0	1	PROP
https://hvc.crunchharder.net/	0.00	0.00	0	0	2	PPLNS
total	46,400.06	818.64

* 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 21,673.50 395.51 16,020.81 6,595.15 blocks 444 7 237 49 hash % 48.50 0.89 35.85 14.76 blocks % 60.26 0.95 32.17 6.62 luck % 124.20 107.30 89.70 44.90

| | | | | | | |

last 7d 1gh nonce zhpool poolhub hash avg 27,373.64 538.47 18,591.19 5,098.68 blocks 3,043 70 1,777 324 hash % 53.05 1.04 36.03 9.88 blocks % 58.36 1.34 34.08 6.21 luck % 110.02 128.66 94.60 62.89

1gh Top stats

Top 100 Mhash/s | Top 10 Mhash/s Total: 18,348.44 | Total: 6,221.96 Mean rate: 183.48 | Mean rate: 622.20 Median rate: 100.15 | Median rate: 552.73 Mode(10) rate: 40 | Mode(100) rate: 500 % of pool: 92.6% | % of pool: 31.4% % of network: 39.5% | % of network: 13.4%

Pool voting

Mining (indicative, not authoritative!)

payoff per Mhash/s / day ideal solo 1gh nonce zhpool poolhub HVC 8.23830 8.24 9.63 7.08 4.71 mBTC 0.09062 0.09 0.11 0.08 0.05 USD 0.04197 0.04 0.05 0.04 0.02

| | | | | |

pool take/day 1gh nonce zhpool poolhub HVC 2,277.90 52.40 1,330.21 242.54 BTC 0.03 0.00 0.01 0.00 USD 11.60 0.27 6.78 1.24

Based on last 7 days performance and... block reward: HVC524 | mBTC/HVC: 0.011 | USD/BTC: $463.1

[TheRealSteve]

Pool hash rates and miners

pool	rate (Mh/s)*	delta***	% of network	miners**	rate/miner	fee (%)	payout
http://hvc.1gh.com/	18,259.59	-1,564.84	57.16			1	RBPPS
http://heavycoin.zhpool.com/	12,434.90	-6,501.60	38.92	244.3	50.9	1	PPLNS
http://heavycoin.miningpoolhub.com/	833.95	-6,369.41	2.61	7.5	111.19	1	PROP
http://hvc.nonce-pool.com/	349.72	-86.04	1.09	21.1	38.4	1	PPLNS
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	31,878.16	-14,521.90	99.78

* 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
Note: The past few posts' '% of network' values have been incorrect!

Block Progression and Pool Luck

last 24h 1gh nonce zhpool poolhub hash avg 18,084.42 377.50 15,700.63 3,923.42 blocks 432 9 271 44 hash % 47.48 0.99 41.22 10.30 blocks % 57.14 1.19 35.85 5.82 luck % 120.30 120.10 87.00 56.50

| | | | | | | |

last 7d 1gh nonce zhpool poolhub hash avg 24,893.04 460.15 17,717.81 5,405.37 blocks 3,003 64 1,775 362 hash % 51.35 0.95 36.55 11.15 blocks % 57.71 1.23 34.11 6.96 luck % 112.38 129.56 93.32 62.38

1gh Top stats

Top 100 Mhash/s | Top 10 Mhash/s Total: 16,733.76 | Total: 5,558.33 Mean rate: 167.34 | Mean rate: 555.83 Median rate: 83.34 | Median rate: 488.23 Mode(10) rate: 30 | Mode(100) rate: 400 % of pool: 91.6% | % of pool: 30.4% % of network: 52.5% | % of network: 17.4%

Pool voting

Mining (indicative, not authoritative!)

payoff per Mhash/s / day ideal solo 1gh nonce zhpool poolhub HVC 8.94017 8.94 10.31 7.42 4.96 mBTC 0.08967 0.09 0.10 0.07 0.05 USD 0.04056 0.04 0.05 0.03 0.02

| | | | | |

pool take/day 1gh nonce zhpool poolhub HVC 2,247.96 47.91 1,328.71 270.98 BTC 0.02 0.00 0.01 0.00 USD 10.20 0.22 6.03 1.23

Based on last 7 days performance and... block reward: HVC524 | mBTC/HVC: 0.01003 | USD/BTC: $452.3

[gpools]

network down to 0 soon

[ibinsad]

network down to 0 soon

Waiting lower value to buy

[reorder]

network down to 0 soon

Waiting lower value to buy

And double-spend?

[sslegi]

i have question

hvc is can't minined by multipool?

only gpu mining. right?

[hyeoam]

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

[ibinsad]

network down to 0 soon

Waiting lower value to buy

And double-spend?

What you mean?
I never bought, i just wait...

[reorder]

network down to 0 soon

And double-spend?

OK...  we all know you guys controlled most of the hash power and have pocketed most of the HVCs already...  instead of fear mongering...  just be ready to exit when/if HVC comes to the surface to breathe...  and spare us the drama ALREADY...  

What I meant to say, if network hashrate goes down to 0, nothing protects it from 51% attack anymore. In fact, as you can see, 30% of hash is not accounted for on the last chart, chances are someone is preparing for exactly that right now.

[reorder]

What I meant to say, if network hashrate goes down to 0, nothing protects it from 51% attack anymore. In fact, as you can see, 30% of hash is not accounted for on the last chart, chances are someone is preparing for exactly that right now.

...more fear mongering...    

Absolutely not, it is a genuine concern.

[TheRealSteve]

In fact, as you can see, 30% of hash is not accounted for on the last chart, chances are someone is preparing for exactly that right now.

oh shoot!  That's my mistake, people!  Those fields are still referencing the outdated value from heavychain.info - which of course is dead.  I will update my post asap (working on some maxcoin stuff at the moment).

Edit: done - sorry about that!

Edit 2: Note that if there really had been 30% of the network rate missing, it would have shown as a lot of blocks found in the Block Progression chart as belonging to 'Other'.

[reorder]

oh shoot!  That's my mistake, people!  Those fields are still referencing the outdated value from heavychain.info - which of course is dead.  I will update my post asap (working on some maxcoin stuff at the moment).

Edit: done - sorry about that!

Edit 2: Note that if there really had been 30% of the network rate missing, it would have shown as a lot of blocks found in the Block Progression chart as belonging to 'Other'.

Oh, much better this way Also, on the afterthought, 30Ghs is probably prohibitively expensive to attack.

Anyway, since it is already clear where this is all going, why not hardfork the coin to PoS/mostly PoS?

[gpools]

oh shoot!  That's my mistake, people!  Those fields are still referencing the outdated value from heavychain.info - which of course is dead.  I will update my post asap (working on some maxcoin stuff at the moment).

Edit: done - sorry about that!

Edit 2: Note that if there really had been 30% of the network rate missing, it would have shown as a lot of blocks found in the Block Progression chart as belonging to 'Other'.

Oh, much better this way Also, on the afterthought, 30Ghs is probably prohibitively expensive to attack.

Anyway, since it is already clear where this is all going, why not hardfork the coin to PoS/mostly PoS?

i want vote change dev team