Topic: [ANN] Ħ [HODL] 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining. - page 273. (Read 472950 times)

I'm going to remove further trading requests from this thread - I don't mean to be heavy handed, I just want to keep this focused on the properties of the coin. Start a new thread, or use Slack to do trading for now please.

I like the paying interest concept... I've seen it and a few other cryptos and I truly believe this could be one of the things we can give avg. people to help them A) get involve with Crypto and B) replace a function of  traditional banking..

I have decided to mine this coin a little and play around with it.. I haven't dug into the code at all so I may be talking out of turn however Im seeing a few things that I felt worth bringing attention to..

First thing I just need to clear this up a little.. the APR info in the OP is confusing well at least to me.. It shows "1 year term deposite ~ 100% bonus on interest" does this mean if you deposite for 1 year you get 100% of the annual APR? or does this mean you get 100% on top of the APR? I think the term "bonus" used in the 100% and "bonus" used in the APR description may be whats throwing me off..

Second I see 1st month ~ 2143% APR however we are at 4243% (at the time of writing this) was the OP written before you decided to bump the starting ARP? if so I can see why my math is off.. if not well then I'm not sure what I have wrong...

Third I havn't been able to work out the math on your dropping APR.. meaning starting at 4500% then dropping it 6.16438 each day for the 730 days (2 years) brings us to 0% however that would mean we are at ~4475% (time of writing) not ~4243% (time of writing) So I must be doing something wrong? The only reason I know its 4243% (atm) is by using the wallet pop-up prompt...

Forth I can see you worked hard to make it more advantages to lock (hodl) funds for longer periods vs.  short-term compounded schemes.. This is where the decreasing APR comes in handy because with 3 months at 60% if the APR remained constant it would be in someones benefit benefit to work the 60% short-term on a compound leaving them tempted to perhaps dump prior to the full year.. Now without me being able to factor this decreasing ARP I haven't been able to work out if the APR reduction reduction is timed proper against a 90 day compound scheme...

ok last thing.. From the OP and from what I can somewhat see in my wallet it looks like "all outputs" are supposed to earn intereset.. from your sig I think this is supposed to be 0.000015% per block.. once agian maybe Im looking at this wrong.. but I see may balance in my wallet increasing with almost every block.. The problem Im finding is (once again Im feeling lazy right now.. havent looked at the code..) is this intreast isn't like a PoS subsidy.. meaning I see my wallet balance increasing however when I go to Coin Control and  look at each of my coin holding addresses on the blockchian... I can't seem to find where the interest is going or coming from... Could you clear this up please.. where do we find this interest being paid and how does it work?

Any clarification you can give would be great...

I haven't seen to many hashrates posted (great work on the updated logging by the way) so I will post what I'm finding..

i7 3820 oc to 4.3ghz       - 148 h/s (8 threads)
AWS c3.4xlarge (16 cpu) - 206 h/s (best set @ only 12 threads)
AWS c3.8xlarge (32 cpu) - 501 h/s (best set @ only 30 threads)

I have 5 Xeon servers in storage... I'm going to point them at it here in the next few days.. I don't think cloud servers are ever a good source of what to expect with an algo like this.. I mean 140's per 8 threads on most rigs should be where we are at.. So my thoughts the AWS instances or low (seen it before..) I will know more when I spin up these Xeons

New stuff, minor - check the github for details,

Summary
New nodes and better info on hashes per second in the debug.log file to help you tweak your mining.

is the link above a third iteration or the same as the one you posted yesterday? if so, what changed?

Thanks! Don't EXHCANGE, HODL.

Latest wallet is here -

https://drive.google.com/file/d/0B-5Ax5kejTpMZkl4dEhRLWlSYmc/view?usp=sharing

New nodes and better info on hashes per second in the debug.log file to help you tweak your mining.

I'm joining the mining I want part of this coin that doesn't seem to need an exchange for the next few months..

Freetrade I really think you created a true coin to be hodl with this time lock idea.

Nice, will be doing some 3-6month locks.

Happy time locking!
IW

Here's the chart that shows the bonus paid on interest based on the term deposit -

Term deposits
1 week term deposit ~ 6.5% bonus on interest
1 month term deposit ~ 25% bonus on interest
3 month term deposit ~ 60% bonus on interest
6 month term deposit ~ 87% bonus on interest
1 year term deposit ~ 100% bonus on interest

A lot of people are HODLing for the maximum time period - it might not be the best strategy, as it  may create a big glut (price crash) at this time next year - better if maturation dates are spread out a bit - try 9, 10 or 11 months. I must put together a chart of the bonus interest paid against time periods.

I got lucky last night! Mining with 3 CPUs i7 4790's and found 8 blocks. WOOT! a few more nights like this and I too will be HODLING 2000 coins for a year at crazy interest.

good boy, did the same with mine 2k.. mining still

Locking 4500 HODL for a year.  now we play the waiting game...

I'll continue mining it though, gona need some to play with on the market as well.

Hey thanks! I forgot how much I missed the excitement of the altcoin scene. It's good to be back. Good luck finding some HODL. Remember to HODL them right up if you do.

I see, sounds good. Will try it out today with my P7. Long time ago I have used my machine for mining. Would be great to find a Block.

Installing the Wallet for Windows was quite easy, good dev!

Hey FreeTrade welcome back. Haven't seen you around for a while. I like this idea of locking up coins in order to gain interest. It should create scarcity for the first year or two. It will be interesting to see how this one plays out on the exchanges.

I think I'll spin up some of my better CPUs to mine me some.

Yupe, me too. This will be a fun coin to play around with, like the concept a lot, would not expect interest based coin such as this from  PoW.  There is already pretty good group of people on slack.

So HODL I say...

Mining on a few machines.  Really like the concept here and look forward to seeing where this goes.

Already in the Slack, come join!