[ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast - page 43.

Pool hash rates and miners

pool

rate (Mh/s)*

zhouhuiyan520

full member

Activity: 182

Merit: 100

Community

If this coin is dying and the dev is MIA i wonder why people are still mining and buying HVC on mintpal?
I'm kinda new to all this business, i don't understant why people buy the coin if it's dead.

hashuniverse

newbie

Activity: 31

Merit: 0

Why is a fork necessary?

programmer

newbie

Activity: 15

Merit: 0

Mjollnircoin will be launched very soon!!!
https://bitcointalksearch.org/topic/ann-mjollnircoin-mnr-ultra-secure-fast-transactions-asic-resistant-577437

It's a fork of Heavycoin.

IRC: freenode.net, #mnrcoin

hyeoam

full member

Activity: 182

Merit: 100

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

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

Pool hash rates and miners

pool

rate (Mh/s)*

cryptomines

full member

Activity: 126

Merit: 100

Quote from: frobley on May 01, 2014, 03:06:58 PM

lowered to 1.
(bump)

Always good to hear that!

frobley

hero member

Activity: 708

Merit: 500

lowered to 1.
(bump)

cryptomines

full member

Activity: 126

Merit: 100

Quote from: cayars on May 01, 2014, 08:03:57 AM

Nice change of pace in today's report. Every pool went up a bit in hash! (yay!!!)

Last 20 and 10 block average votes at Nonce: 256.85, 77 (yay!!!)
Last 20 and 10 block average votes at ZHPool: 665.8, 819.3 (boo!!!)

Come on guys, Lower your votes to 0 or 1.

Carlo

I noticed that as well. Good to see that!

cayars

full member

Activity: 168

Merit: 100

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

Pool hash rates and miners

pool

rate (Mh/s)*

cryptomines

full member

Activity: 126

Merit: 100

Quote from: TheRealSteve on April 30, 2014, 09:10:33 AM

Quote from: cryptomines on April 30, 2014, 08:25:02 AM

Looking at the latest charts from TheRealSteve it appears the number of 1024 votes are down

that made me curious, so.. animated GIF:

I'm not sure how well it conveys the information, though - note that poolhub's 512 vote is going up because poolhub now only has a few miners left, and I guess one of those left votes 512 - but ideally (for those wanting lower votes anyway), the circles further to the right should go both lower and become smaller. Height is % of votes at that pool, circle size influence of votes at network. Can't really say I'm seeing much of that happening

Maybe not as much change as I had thought. Slick animation tho, and thanks for the explanation.

I'd like to ask all miners voting 500 or less to vote 1 for a few weeks and see if we can't pull this vote down. There will always be miners who vote high, but if all the miners voting low voted as low as possible (1 or 0) we could potentially see some change. This will slow the inflation rate and hopefully shed some positive light on HVC.

For those who are new to mining HVC we have had a +500 block reward since launch, it's not the sole factor this coin has lost value but it is a big contributing factor. We have nothing to lose by dropping the block reward and only stand to gain.

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

Quote from: cryptomines on April 30, 2014, 08:25:02 AM

Looking at the latest charts from TheRealSteve it appears the number of 1024 votes are down

that made me curious, so.. animated GIF:

ibinsad

sr. member

Activity: 616

Merit: 250

Kekka reply me:

no. the HEFTY1 algorithm has nothing to do with voting. These are not even remotely related in the code.

Heavycoin is not about forcing behavior or a particular outcome. the votes are purely up to the voters.

Quote

Can you implement directly into Hefty1 algo,
something like..

if the value of the coin < 2000 satoshi, the max vote will be = 50
if the value of the coin < 5000 satoshi, the max vote will be = 100

cryptomines

full member

Activity: 126

Merit: 100

I'm sure this is purely coincidental but I seem to find more blocks when vote is set to 0.

I think adding some incentive to vote low is a great idea, but that would violate the democratic integrity. Not that anyone cares, as most people continue to ask for a change to the voting, but the devs seem dead set on leaving the voting as it is. So, community education and prodding is all we have to make change happen.

Looking at the latest charts from TheRealSteve it appears the number of 1024 votes are down, which is great, but the majority of votes still fall between 250 - 700. Miners please consider lowering your vote, we have yet to see a sub 500 block reward.

cayars

full member

Activity: 168

Merit: 100

To add to what TheRealSteve just typed:
Depending on how a pool implemented this it could also reduce Hash rates too which would be bad for the network as a whole.

Short of an actual code change, EDUCATION and COMMUNITY awareness is still the best bet. IE set your vote count to 0 or 1.

MAYBE PEOPLE JUST NEED ADDITIONAL INCENTIVE TO VOTE LOW:

Maybe part of the HeavyFund could be used to "raffle" off a few sets of coins per day for anyone who submits a share with a vote under 10 or solves a block or something.

Wouldn't be hard to gather up all solved blocks for the day with a vote of say 10 or under and pick a random winner and give them X coins. Could be one winner a day or 5. But something like this could be "just enough" motivation to get some additional people to lower their votes! Could even make sure you can't win again if you already won in the last 5 days or something. Help spread the reward to more people and get the votes down some more.

Carlo

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

Quote from: ZangiefPT on April 30, 2014, 05:11:34 AM

About the votes i have a question:
Can the pool operators put a restriction on miners with votes higher than say... 10.
Not accepting shares with a vote higher than the set number?

They could - but why would they?

See my stats post for 1gh's potential revenue from their miners - ~$8.25/day given the parameters noted.

Compare that to rejecting solved blocks with 'too high' votes. You mentioned accepting only votes <= 10. In 1gh's case, that would leave ~19.86% of their votes. ~$8.25 * ~19.86% ~= $1.64/day. That's an immediate loss just from rejecting the other ~80.14%. Say all of them will actually check out why their shares are being rejected, go to the website, and presumably read that the pool only accepts votes <= 10 - in reality, many miners won't even notice right away. Let's also say all of them will adjust their vote and stay at 1gh, instead of the closer reality of just stopping HVC mining or hopping to a different pool. The reward is eventually adjusted - let's say that's to 10. Say 1gh does this at the worst possible time for payouts but best possible time for voting (as it's an average of 3600 blocks) and it takes ~5 days for that reward adjustment. A new exchange rate would have to make up for 5*(~$8.25 - ~$1.64) ~= $33 lost. The exchange rate would have to increase quite a bit. They'd have to do so because they have a very strong belief that this will cause a sustained growth for the coin, and thus ultimately for them. But that's really only just 'potentially', and with the waning popularity as it is ('+1 COMMUNITY EFFORT!'), that's a crapshoot at best.

If a pool wanted to play chicken with fate on this, I'd imagine they'd have to do this in a gradual fashion - rejecting an increasing % of those votes and starting at the high end.
Though at this point, pools are bleeding miners anyway, so maybe going cold turkey on it would make a good swan song Wink

cayars

full member

Activity: 168

Merit: 100

Quote from: reorder on April 30, 2014, 05:47:29 AM

Quote from: cayars on April 29, 2014, 08:10:04 PM

I have a cheesy small personal system and "own" 1/25th of the network right now which is very bad. Sad

A small personal system of 50x 280X? Now that's one hardcore BF player!

Good catch, made a typo, missed a ZERO. Should have said 1/250th. (edited original post).
mix of 4 AMDs, 5 nVidias and some CPUs on HVC at the moment. 100MH/s or so

Hehe, if I had 50x 280X Rigs, I wouldn't call my system "cheesy". Grin