[ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation

[kache]

There is no perfect way to launch a coin (as you saw with max coin that did everything they thought would be fair and at the time everyone agreed).

To be fair, if you wanna disregard benefits for early adopters, there is: DGW at launch and 12 hours of zero reward blocks. A few coins did it (gpuc first one to come in mind) and it was the smoothest (third) launch I've seen. Everything worked perfectly.
But it made it completely useless to be an early adopter, because by the time the zero reward blocks ended the difficulty was already extremely high so it was like jumping into an already established coin.
It depends on what's the dev's priority in the end, but there is indeed a perfect way to launch a coin smoothly.

[LancienMaleAlpha]

wtf guys, I have this message  on forkpool "worker is temporarily banned" ?

[matauc12]

There is no perfect way to launch a coin (as you saw with max coin that did everything they thought would be fair and at the time everyone agreed).

To be fair, if you wanna disregard benefits for early adopters, there is: DGW at launch and 12 hours of zero reward blocks. A few coins did it (gpuc first one to come in mind) and it was the smoothest (third) launch I've seen. Everything worked perfectly.
But it made it completely useless to be an early adopter, because by the time the zero reward blocks ended the difficulty was already extremely high so it was like jumping into an already established coin.
It depends on what's the dev's priority in the end, but there is indeed a perfect way to launch a coin smoothly.

But then it's an IPO and no reward mining. ..

I'm just saying, with this type of reward (which I find to be the best in the long run), you simply cannot start with 400 coins, and then a couple thousands... in litecoin days, yes. Now, it's on an exchange instantly and people are looking to turn a quick profit,  it would destroy the coin at launch.

But I see what you mean, I just don't see it fitting.

[chesthing]

I'm getting a message saying work unnavailable from both forkpool and suchpool, anyone know what's going on? both pools show hashrate so I'm confused.

[Vann]

premine ?

Nope, but insta-mined to shits end. Just read the first couple of pages.

If you would actually read the first few pages, you would understand why more blocks were found early on. It has nothing to do with wanting to be instamined for profits. KGW only kicked in at 15000 block on purpose, one of those purpose being with a fixed reward like this, having only a couple thousand coins the first few weeks would have been very detrimental because of artificial inflation and would have subsequently led to a crash beyond recover.

Those coins have been traded many times already during this rise and is effectively a null point at this point.

Another one of the reasons is the coin would have had a way too unstable difficulty and make miners leave right away, creating even more instability.

This was a great launch.

Disclaimer : I started mining at block 20000.

Yea, because no one would EVER rape the coin for HOURS while the diff is 0.00002 due to the WILLFUL lack of a diff retarget implementation. As I mentioned in my earlirt posts, I was solo mining multiple blocks per minute for over an hour on a card with 1.1 MH/s. Had it not been for a ~95% orphan rate, I would have accumulated MILLIONS of HIRO with no effort at all. I can only imagine what others that did not have the latency isses must have accumulated.

MILLIONS of hiro.... there's 10 millions right now. So you would have accumulated  more than 20% with 1.1mhs? Nope. And everyone had orphans.

There is no perfect way to launch a coin (as you saw with max coin that did everything they thought would be fair and at the time everyone agreed). This coin was launched with a couple perks that will help it LAST LONG AND NOT DIE to the detriment of favoring early adopters slightly. And please tell me examples where early adopters aren't favored. Do you go crying at people who bought real estate before a city boom?

A certain supply had to be in circulation, it now is, and it's a super small portion of the total and it didn't go to 1 man. So I don't really know what you want. Or anyone that cries instamine.

For someone that has stated was not mining at launch you make a lot of assumptions as to what happened. The facts are the coin was purposely launched with essentially NO real diff adjustment until block 15,000, which means 6,000,000 coins were mined at the artificially low diff. You claim there are 10,000,000 coins now 60% of 10MIL is not a 'super small portion of the total' it means over half of the current total was mined at the artificial diff and you think that's fair to the people that are mining it now at diff 20+, just because they weren't here for the ninja launch of this coin?  Investing in real estate involves a substantial capital investment and risk, for most people the largest one they will ever make. How does that relate to insta-mining a coin that was created for the specific purpose of being insta-mined with the artificially low diff?

[kache]

There is no perfect way to launch a coin (as you saw with max coin that did everything they thought would be fair and at the time everyone agreed).

To be fair, if you wanna disregard benefits for early adopters, there is: DGW at launch and 12 hours of zero reward blocks. A few coins did it (gpuc first one to come in mind) and it was the smoothest (third) launch I've seen. Everything worked perfectly.
But it made it completely useless to be an early adopter, because by the time the zero reward blocks ended the difficulty was already extremely high so it was like jumping into an already established coin.
It depends on what's the dev's priority in the end, but there is indeed a perfect way to launch a coin smoothly.

But then it's an IPO and no reward mining. ..

I'm just saying, with this type of reward (which I find to be the best in the long run), you simply cannot start with 400 coins, and then a couple thousands... in litecoin days, yes. Now, it's on an exchange instantly and people are looking to turn a quick profit,  it would destroy the coin at launch.

But I see what you mean, I just don't see it fitting.

Well, there a patch that Credits coin is using: rising reward for the first month, then declining. Which means that despite the inability to instamine at launch, the reward would increase thus allowing the users who got in the first month to profit a lot.
It's quite a complicated issue, but the solutions are plenty.

[HiroS]

There was no premine but there was easy mining early on. The coin was announced the day before but without a time to prevent mega miners setting up to mine and dump. The idea was to get as many coins out to as many individuals as possible. Fast early mining provides easy coins for miners and cheap coins for investors. The more coins the cheaper they are so the market sorts this out. Launches with high difficulty often have trouble progressing, I believe there is a need to get an injection of coins out there to jump start markets and considering there were no mega miners turning up that we could tell or mutlipools most people seem to have been speculative miners. I do not have an elaborate setup to mine on but managed to buy several times what I mined from people who were willing to sell. This is a long term project that looks to be top of the X11 tier when Scrypt ASICs become the norm.

To put it in perspective the early mining covered 0.8% of the total number of coins and difficulty was on par with one minute a block before KGW kicked in. This early amount of coins is not a lot compared to how many there will be. Hirocoin is relatively abundant though nothing compared to Dogecoin.

There is no perfect way to launch a coin but I like to think that we got Hirocoin off to a good start compared to many out there. We had supporting DNS seed nodes and clients for Mac and Windows. Connectivity issues were low meaning those who wanted to take part could. By the way, I am still mining on my machine and will continue to do so. Hirocoin is one of the best coins to mine right now.

[verdun2003]

premine ?

Nope, but insta-mined to shits end. Just read the first couple of pages.

If you would actually read the first few pages, you would understand why more blocks were found early on. It has nothing to do with wanting to be instamined for profits. KGW only kicked in at 15000 block on purpose, one of those purpose being with a fixed reward like this, having only a couple thousand coins the first few weeks would have been very detrimental because of artificial inflation and would have subsequently led to a crash beyond recover.

Those coins have been traded many times already during this rise and is effectively a null point at this point.

Another one of the reasons is the coin would have had a way too unstable difficulty and make miners leave right away, creating even more instability.

This was a great launch.

Disclaimer : I started mining at block 20000.

Yea, because no one would EVER rape the coin for HOURS while the diff is 0.00002 due to the WILLFUL lack of a diff retarget implementation. As I mentioned in my earlirt posts, I was solo mining multiple blocks per minute for over an hour on a card with 1.1 MH/s. Had it not been for a ~95% orphan rate, I would have accumulated MILLIONS of HIRO with no effort at all. I can only imagine what others that did not have the latency isses must have accumulated.

MILLIONS of hiro.... there's 10 millions right now. So you would have accumulated  more than 20% with 1.1mhs? Nope. And everyone had orphans.

There is no perfect way to launch a coin (as you saw with max coin that did everything they thought would be fair and at the time everyone agreed). This coin was launched with a couple perks that will help it LAST LONG AND NOT DIE to the detriment of favoring early adopters slightly. And please tell me examples where early adopters aren't favored. Do you go crying at people who bought real estate before a city boom?

A certain supply had to be in circulation, it now is, and it's a super small portion of the total and it didn't go to 1 man. So I don't really know what you want. Or anyone that cries instamine.

For someone that has stated was not mining at launch you make a lot of assumptions as to what happened. The facts are the coin was purposely launched with essentially NO real diff adjustment until block 15,000, which means 6,000,000 coins were mined at the artificially low diff. You claim there are 10,000,000 coins now 60% of 10MIL is not a 'super small portion of the total' it means over half of the current total was mined at the artificial diff and you think that's fair to the people that are mining it now at diff 20+, just because they weren't here for the ninja launch of this coin?  Investing in real estate involves a substantial capital investment and risk, for most people the largest one they will ever make. How does that relate to insta-mining a coin that was created for the specific purpose of being insta-mined with the artificially low diff?

Again, there's no such thing as a fair launch, there's always a group of people that's going to be advantaged or disadvantaged:
- if you do not adjust diff at the begining, the early adopters will be advantaged vs people joining the party after KGW kicks in
- if you adjust diff from the begining, CPU miners won't be able to mine and you'll push mining concentration

Basically, most of the times, when people call it a "fair launch" is when they are part of the "advantaged" group. And as a reminder, darkcoin was instamined more "heavily" than Hirocoin: 2 million coins the first day and there are... 3.8 million coins today and Darkcoin is valued at 3 million ++

[support@NCT]

www.newcointrade.com

Today we have one news.

HIC/BTC market price increse 400%!

--NCT team

[verdun2003]

Holy shit, getting 2.7MH/s on a single r9 290 overclocked to 1100/1300, cruising at 62°C AND IT'S SILENT!!! 

Welcome to Hirocoin !

Holy shit, getting 2.7MH/s on a single r9 290 overclocked to 1100/1300, cruising at 62°C AND IT'S SILENT!!! 

And save energy 40% 

It's far less profitable than ScryptN coins like Spain or Roto, but goddammit I love the silence, the lower power consumption and the lack of heat! 

It's actually about the same right now. Right now you get about 0.01btc/mhs/day (based on scrypt speeds) mining hiro. Which is +/- 5% what you get with scrypt N.

Besides I am one of those that SCRYPT N killed GPUs.  So X11 is where I'm at even if it's -5% and not +5%.

You also need to take into account the electricity bills when you do your ROI calculation. And spending 2x less on energy on X11 makes a huge difference, unless you are one of the lucky ones who gets free electricity.

If you have a 5x 280x rig that consumes 1300 watts on scrypt-N, that you live in a country where you pay .17cts per KWH, your daily cost is US$ 5.3. If you make 0.007 per mghs, then you get 0.02555 BTC day (US$14.8 at current BTC prices) - your net margin is then 9.5 or 64%. Now, mine with x11, and assuming you are generating the same amount of BTC per mghs, you pay $2.65 in electricity, make 12.15 or 84% net margin! The higher the price of electricity, the more you should mine X11.

In that example (which is my case), mining X11 gives you an extra 31% profit I believe market forces will tend to reduce those extra USD's when X11 gets more noticed. Let's wait and see, but for now, I know where I'm putting my cards

[blacklig]

Guys, will anyone send me invitation to http://hiro.suchpool.pw/ ? 
thanks!

[matauc12]

Guys, will anyone send me invitation to http://hiro.suchpool.pw/ ? 
thanks!

join a different pool. It's to prevent pools from being too big.

[blacklig]

Guys, will anyone send me invitation to http://hiro.suchpool.pw/ ?  
thanks!

join a different pool. It's to prevent pools from being too big.

I am mining at suprnova but I would like to have some reliable backup pool as well  
not some small with tiny HR which wont find block in whole day..

[blajde]

Any1 need help setting up 280x or 290 or just at all

send me a PM

[matauc12]

Any1 need help setting up 280x or 290 or just at all

send me a PM

or post in the thread?

[bigc1984]

Any1 need help setting up 280x or 290 or just at all

send me a PM

or post in the thread?

Please, don't.

[Equate]

are BTC withdrawals working on poloniex exchange ?

[MaGNeT]

are BTC withdrawals working on poloniex exchange ?

Yes, they work. Got one 20 minutes ago, was quick, took 30 seconds.
Did you receive and click the confirmation e-mail?

[Equate]

are BTC withdrawals working on poloniex exchange ?

Yes, they work. Got one 20 minutes ago, was quick, took 30 seconds.
Did you receive and click the confirmation e-mail?

yesterday my coins got stuck on vircurex, so wanted to be cautious before trading on this exchange.

[scottlilo]

are BTC withdrawals working on poloniex exchange ?

Yes, they work. Got one 20 minutes ago, was quick, took 30 seconds.
Did you receive and click the confirmation e-mail?

This kept me up all night once. My first time withdrawing BTC from an exchange and I thought it was lost forever until i checked my Email.