Topic: [ANN] Ħ [HODL] 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining. - page 280. (Read 472950 times)

Added mining and supply details, with interest rates and projected total supply.

HOLDOR

Added POW information

I can help you spreading HODL on Twitter!

Update: Interest on all standard outputs.

Will fork from Bitcoin 0.11.2 / Classic

Just a placehodler for now.

no there content in http://www.hodlcoin.com/
website still fresh

Also - Dan Larimer's recent blog post which inspired me to look at interest payments in PoW again -

http://bytemaster.github.io/article/2016/01/04/The-Benefits-of-Proof-of-Work/

Thanks! Yes, I guess a lot of people did well on PTS.

I do not think that the huge Protoshares and LottoShares community can forget about you. Especially after the huge profits in the Protoshares.

That article looks a bit dense to me, but yes to the 'true time locked balances'.

I find time locking very interesting.

Here is a good article regarding time lock encryption: www.gwern.net/Self-decrypting%20files

Is this the sort of thing you are planning? True time locked balances?

Awww gee whiz, it's really nice to be remembered. Shucks! Time moves so fast in crypto, I though I'd have been forgotten by now!

It will be PoW. I think PoS and Merged-Mining are two approaches to chain security. I'm choosing MM because I think it's easier to market to Bitcoiners. 'Bitcoin + Term Deposits' is easier to understand than 'Bitcoin + PoS + Term Deposits'.



Thanks for the link. I had been searching for similar projects, and someone had mentioned XRA, but I hadn't found the link yet. I guess there are few differences -
1. PoS vs PoW(MM)
2. Likely Higher/Variable interest rates for HODLCoin

Can you tell me more about 'lock selected inputs in order to receive interest based on duration of locked block' . . . my reading of the ANN is that users received larger interest payments if the stakes coins haven't been moved recently . . but that they still available to be used if the staker changes his mind. Can you clarify if locked blocks are different and how that works?

Long time, FreeTrade!

I was in Protoshares and LottoShares community. I can confirm that, FreeTrade has wide experience with crypto.
Good luck with your new project! Will follow.

Time locked interest? Sounds interesting.

Could we just call it LuLzCoin?

Hi FreeTrade,

First off, thanks for all the innovation you have brought to the crypto community. I have mined and profited from Memory coin and Protoshares, (did not get a chance to play with LottoShares.)

I have one question and a comment/suggestion (below).

Will this be a PoW or PoS (or hybrid)? you state that it will be merge mineable but earning interest on funds sounds like a PoS.



I am not trying to name drop, but check out RateCoin (XRA) project (link in my signature), it also does what you have described, you can lock selected inputs in order to receive interest based on duration of locked block.

With that said, I will follow this project and assist where I can be of help.

Good luck.

What is it?

HOdlcoin is just like Bitcoin Cash, but it pays interest on every balance. This is to recognize the importance of HODLers and properly reward HODLing. 5% interest is paid on regular balances, and up to 10% interest is paid on coins HODL'd for 1 year. No staking, mining, or counterparty is required. Interest is guaranteed by the blockchain.

90 Second Video Explainer

Wallet

3.0.2 (Recommended, Binaries from ghobson)

Release 3.0.2: https://github.com/HOdlcoin/HOdlcoin/releases/tag/v3.0.2
Win64 Full: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.2/hodlcoin-3.0.2-win64.zip
OSX DMG: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.2/hodlcoin-3.0.2-osx-unsigned.dmg
Linux 64: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.2/hodlcoin-3.0.2-linux64.tgz
Source: https://github.com/HOdlcoin/HOdlcoin/tree/3.0.2


3.0.1 (Slower startup, old logo, but still compatible with wider range of packages, Binaries from fuzzbawls)

Win64 Setup: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-win64-setup-unsigned.exe
Win32 Setup: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-win32-setup-unsigned.exe
Linux 64: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-linux64.tar.gz
Linux 32: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-linux32.tar.gz
OSX DMG: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-osx-unsigned.dmg
OSX 64bit: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-osx64.tar.gz
Win64 Full: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-win64.zip
Win32 Full: https://github.com/HOdlcoin/HOdlcoin/releases/download/v3.0.1/hodlcoin-3.0.1-win32.zip
Release 3.0.1: https://github.com/HOdlcoin/HOdlcoin/releases/tag/v3.0.1
Source: https://github.com/HOdlcoin/HOdlcoin/tree/3.0.1

Whitepaper
http://hodlcoin.com/HOdlcoin-whitepaper.pdf

Light Wallets

Android (Beta): https://github.com/HOdlcoin/coinomi-android/blob/master/releases/coinomihodl1.0.0.apk
Web: https://hodlwallet.amit.systems/

Community:

Discord: https://discord.gg/x5fuQkZ
Telegram chat: https://t.me/joinchat/GXsKlg9HVTJMY5nzKDRw5w
Telegram announcements: https://t.me/HOdlcoin1
Reddit: https://www.reddit.com/r/HOdl/
Bitcointalk: https://bitcointalksearch.org/topic/ann-hodl-5-interest-no-staking-req-term-deposits-10-solo-mining-1317918
Facebook: https://www.facebook.com/hodlcoin
Facebook 2: https://www.facebook.com/groups/482768675256230/
Slack: http://slack.hodlcoin.com
Twitter: https://twitter.com/HOdlcoin
QQ group #: 218602035


Mining
Solo mining is still possible and is the recommended way of supporting the network.

Wallet:
Mining direct from the wallet is easy to get started with and is reasonably efficient.
These flags can be used on the command line to attempt to enable more efficient mining - These can give 100% gains, but may cause an immediate crash on some processors.
-optimineraes=1
-optimineravx2=1
Old Solo Mining Guide - https://bitcointalksearch.org/topic/hodlcoin-cpu-solo-mining-guide-1383479

Dedicated Miner:
Dedicated miners are a bit more difficult to set up, but they usually provide better hashrate and returns.
https://github.com/Orava2/hodlminer-binary
http://hodlcoin.oo.fi:8080/notes/oravafaq.txt

Pools:
http://hodl.minus0.de:88/
https://hodl.suprnova.cc/

Exchange

Coinexchange - https://www.coinexchange.io/market/HODL/BTC
Palitanx - https://palitanx.com/exchange/BTC-HODL
Palitanx - https://palitanx.com/exchange/LTC-HODL
Palitanx - https://palitanx.com/exchange/CIV-HODL
Cryptohub - https://cryptohub.online/market/HODL/

Yobit - Warning: Do not trade HODL on Yobit - You will be unable to withdraw HODL, and they may be illiquid
We're currently looking for a HODL/BCH pair. Message freetrade if you can help.

Block Explorers

http://hodl.amit.systems:81/
http://hodlchain.info/
http://www.fuzzbawls.pw/explore/HOdlcoin/index.php

Nodes
https://www.coinexchange.io/network/peers/HODL
http://hodl.amit.systems:1781/network

Tools

Igor Mortis's Info Sheet: https://github.com/imortis56/HOdlcoin-info-sheet/wiki/Hodlcoin-info-sheet
Faucet: http://faucet.hodlcoin.com
AmiT's FAQ: http://hodl.amit.systems:1779/
Mining Calculator: http://samuelpj.github.io/hodl-mining-calc/
Current Interest Rate: http://hodlcoin.github.io/
Market Information: http://coinmarketcap.com/currencies/hodlcoin/
Compare: https://www.cryptocompare.com/coins/hodl/overview/BTC
Supply API: http://hodl.amit.systems/moneysupply.php
Paper Wallet: https://walletgenerator.net/?currency=HOdlcoin
Electrum Server: http://hodl.amit.systems:17989

Block Download

https://blockchain.hodlcoin.dk/latest
http://hodlblocks.amit.systems/



Roadmap:
HOdlday - http://hodlday.com/
HIP001 - https://medium.com/@freetrade68/hodlcoin-improvement-proposal-001-a802f9948d68
Nutocracy Motion - https://nutocracy.herokuapp.com/arguments/that-hip001-should-be-implemented-https-medium-com-freetrade68-hodlcoin-improvement-proposal-001-a802f9948d68
HIP002 - https://medium.com/@freetrade68/hodlcoin-improvement-proposal-002-adf802d2ccb7

Overview
https://coinmarketcap.com/currencies/hodlcoin/
https://coincodex.com/crypto/hodlcoin/


HOdler Voting
https://nutocracy.herokuapp.com/
Nutocracy - https://bitcointalksearch.org/topic/ann-hodl-5-interest-no-staking-req-term-deposits-10-solo-mining-1317918.msg15332471#msg15332471

Specifications:

Ticker: HODL
Symbol: Ħ
Block Time: 154 seconds
Subsidy: 50 HODL subsidy per block
Halving: Every 4 years
Mining Supply:Total of 81,962,100 HODL will be mined
Bonus Interest: Approximately 140 million HODL before the end of 2018.
Nominal Interest Rate: 5% APR
Max Term Deposit Interest Rate: 9.9% APR
Fair launch: No Premine/Instamine/Ninja/100 initial 1 HODL blocks
Port: 1989
RPC Port: 11989
Testnet Port: 8989
Proof of Work: 1GB AES Pattern Search POW
Codebase: Bitcoin 0.11.2
Website: http://HOdlcoin.com

Proof of Work

1GB AES Pattern Search POW. Pattern Search involves filling up RAM with pseudo-random data, and then conducting a search for the start location of an AES encrypted data pattern in that data. Pattern Search is an evolution of the ProtoShares Momentum PoW, first used in MemoryCoin and later modified for use in CryptoNight(Monero,Bytecoin), Ethash(Ethereum).  CPU/GPU friendly. The POW Algorithm is considered a technical detail and is subject to change to favor CPU and consumer grade hardware with the intention of keeping mining participatory and distributed.


Interest

Current Interest Rates and Page - http://hodlcoin.github.io/

1. The Standard Interest Rate
Interest is paid on regular balances (outputs), on every block, for a period of up to 30 days (561x30 blocks). The rate is approximately 5% APR or (1/2^22)%, compounded every block. Interest is paid on casual balances for up to 30 days.

2. Term Deposits
If you lock an amount of HODL as a term deposit, you get a bonus on the interest. The longer the deposit, the bigger bonus.

Term deposit Rates

1 year term (9.9%)
6 month term (9.1%)
3 month term (7.75%)
1 month term (6.1%)
Active balance (5%)


The term deposit bonus is just a multiplier of the interest, so if you locked up 100 HODL for 1 year, you'd expect a return of 109.9 HODL (Capital 100 + Interest 5 + Term Deposit Bonus 4.90). See the chart for the multipliers, or use this formula - =(1-((409530-X)/409530)^6)*100  (X is the number of blocks to lock for, min 2 days, max 1 year). To calculate your full bonus return on a term deposit . . . it's
Principal + (Standard Interest*Term Deposit Multiplier)

n.b. When a Term Deposit matures, it stops earning interest - you must move it to start earning interest again.

3. Early Adopter Bonus Interest Rate

HOdlcoin launched with a very high additional early adopter bonus interest rates to draw attention and support to the project. The rate started high and declined over a period of 2 years. The rate eventually falls to zero on any output transaction after block 403920.

How To Make A Term Deposit:

Video guide: https://youtu.be/_7CUiORCZGY
Graphical guide: https://github.com/FreeTrade/HOdlcoin/blob/HODLCoin0.11.3/doc/README.md

1. Go to the Term Deposit tab. It looks like a little bank.
2. Enter your own address, the amount of the term deposit, and the length you to deposit for.
3. Click HODL

A popup will appear telling you how much interest you can expect. Click OK if you want to continue. Another popup will ask your if you're sure, click OK again, and your term deposit instruction will be sent.

Remember, once you HODL, those funds are LOCKED until the maturation date. That's the price you pay for the term deposit bonus.

Spreadsheets:

Term Deposit Multiplier Table
https://docs.google.com/spreadsheets/d/1z8pP4w43jPnF3eYQSd-qQI2Mj-jCw1ZOfITtf0xO9x8/edit?usp=sharing

Overall Interest Return Calculator
https://docs.google.com/spreadsheets/d/1rUUyrexw6nS9xrFboI4aW1WPENZC_QidAbW7Rb2SpwA/edit?usp=sharing

Term Deposit Interest Rate Table
https://docs.google.com/spreadsheets/d/1eCHZ3pQil_mlHDcrtewXNQpDg6WJCjj27VmLP4kPNg0/edit?usp=sharing


Languages
Chinese: https://bitcointalksearch.org/topic/ann-hodl-1386432
Spanish: https://bitcointalksearch.org/topic/ann-hodl-intereses-en-todos-los-balances-sin-staking-4000-de-interes-1373683
Indonesian: https://bitcointalksearch.org/topic/ann-hodl-dapat-bunga-gan-d-tdk-ada-staking-4000-untk-pmgng-hodl-1371827
Hindi: https://bitcointalksearch.org/topic/ann-hodl-043-interest-paid-every-day-on-regular-balances-1498357

Press
http://alt.report/altcoins/item/331-hodl-h-imagine-if-your-swiss-bitcoin-account-had-compounding-interest
http://cryptomining-blog.com/7740-have-some-spare-cpu-power-mine-hodlcoin-with-it/
http://cryptomining-blog.com/7692-new-faster-hodlcoin-cpu-miner-is-now-available/
http://cryptomining-blog.com/7671-second-mining-pool-for-hodlcoin-now-available/
http://cryptomining-blog.com/7561-hodlcoin-hodl-altcoin-with-cpu-only-mining-high-interest-on-balance-and-deposits/
https://altcoinspekulant.wordpress.com/2016/02/08/mining-spass-mit-hodlcoin-hodl/ (German)

Release Notes:
https://github.com/HOdlcoin/HOdlcoin/releases/

Developers

Primary Developer: FreeTrade - Previously created experimental coins MemoryCoin, ProtoShares, LottoShares.
Release Manager: Fuzzbawls - Previously created Mintcoin
Developer: ghobson - GUI and network engineering
Head Of Network Services: AmitT177
Webmaster: drcvrgorac
Director of Social Platforms, New Media Engagement, Instagram Conversion, Overton Window Management: DanXmas
Chief Mining Officer: Orava