Topic: [ANN] Ħ [HODL] 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining. - page 92. (Read 472953 times)

As of this writing, roughly 11,920,850 Hold coins (238417 blocks * 50 Hodl/block)  were already mined.  At its current mining rate, we're looking at 6 to 7 years left on mining.  If we shortened the autohodling, interest might pickup and more miners will jump in.

I really like the 365 day autoHOdl but if it must be shortened I say shorten as little as possible to prevent botnet mining. Also, on a side note it seems there will only be 80 million coins released for mining. Question is how many of those have already been mined and how long will it take to mine the remaining balance? We must consider that also because if there is only a year or 2 left to mine these coins I say all the more reason to love the auto hodl and stop whining and get to mining LOL!

It's a good idea but 60 days is a bit short - maybe 90 or 120 days would be better to hold off the strip miners.

@freetrade pls put the motion up so we can make it so.

That sounds like a great compromise, I think we should do it. 

Hi, i am trying to sync my 2.0 version HODL wallet.

It's freezing to the last 46 weeks.

Any idea?

exactly @freetrade you said it . i back you. 1 year is too long and 60 days would be great and encourage more people to take up hodl mining

Wouldn't it be better to use that time to develop a way so strip miner wouldn't want to mine it.

High memory
High hard drive space ( burst mining )
Lower chance if hitting another block in a set time.
 

I would love a system that was like POS where once you have mine a coin, you now have less chance of hitting a block and Avg joe with a single core pc has a higher chance of hitting the next block.

If there was a way to time stamp the creations of the new address. this would limit bots that mine > hit a block> change address > hit another block  

 

Need to find a way to make it less attractive/enticing for the user to pool mine then solo mine and support the network.


This coin won't grow if their only 1 huge bot miner and small number of crypto community member buying those mine coins

When you fork this what will happen to the coins already mined and locked?

I think maybe the autohodl period was too long. While autohodling did succeed in removing the strip miners and the pools(temporarily), it may have discouraged too many miners. Maybe a 60 days enforced hodling period would have been better.

Anyway, now that Yobit appears to have gone offline, I think now would be a good time to prepare a fork, as the potential problem with Yobit has already occurred.

I'll suggest an offer to HOdlers - I'll volunteer to develop the fork if the Nutocracy authorizes me to reduce the required autohodl period, but not remove it.   I think removing the autohodl entirely would see the return of strip miners who simply mine and dump, removing all value created in the coin. While I know the autohodl feature has not been popular in many quarters, I think we'll find all those who have mined with autohodl are likely to be long term hodlers, more invested in the coin than strip miners or speculators.

No, it's just pining for the fjords.

Some people continue development??? HODL is dead!

Guys we already voted on this your beating a dead horse. Get someone to implement it. Thats all we are waiting on. We voted its done we dont want the Hodl for one year. now lets find someone to fix the code.

agreed and it is inevitable ..but hodl was doing way better in market when this forced deposit was not there ...

Good point grandpa. For my partner and I the lock was the most attractive feature of this coin. There is a dramatic gain after mining and waiting the first 12 months. Past that we will re-lock for another 12 months and then watch that double.

Putting this into perspective if you mine 2 blocks that gets you 100 coins. At the current rate when they unlock in 12 months you then have roughly 278 coins. Now just re-lock those 278 coins for 12 months and you end up with around 550 coins. When you look at going from mining 100 coins to 24 months later having 550 coins that is an enormous gain in my book. It's well worth the time and patience to wait on the unlocking because the payout is so excellent.

I plan on mining this coin as fast as I can and then relocking everything I mine for another year. Past that I am trying to buy the coin and lock it as fast as I can but that has proven nearly impossible with it only being available at YoBit and them not being able to be dependable for purchasing the coin and then sending it to a wallet for locking.

I am willing to help market and promote the coin but first it needs to be readily available to buy and transfer on a trusted exchange.

In terms of it hitting 10 cents a while back I am convinced it will go many many times beyond that value and I am willing to bet my investment on that hunch...

Can't forget that around May 12th the coin was still rising and hit 10 cents. Not sure but it appeared the early adopters that we needed to hold to make this work didn't. They made money and moved on causing a steep decline quick. We won't know if the lock was necessary until we recover. On the other hand every single person is valuable that's involved in this coin. If we lost a big percent of supporters due to the lock then maybe that wasn't worth it either

If the forced deposit is removed how do you propose to keep the coin from being mined and dumped by botnets?

1 year forced deposit is really a stupid idea

only if someone removed the 1 year forced deposit , hodl would be in the higher spot as it was intending

wow nice 5 blocks is good and really about 6500 coins a year from now!