| pool | rate (Mh/s)*
April 18, 2014, 01:41:52 AM
Reward seems to be decreasing, gradually. a small step in the right direction
 April 17, 2014, 06:07:43 PM
You still continue this "propaganda" and don't understand that if people aren't able to spend their HVC in other places than exchanges, this coin is going to die. There is no point in mining HVC now, other than dumping. Do you think that voting low is going to get this coin growing? You're wrong. Without action prior to the sustain phase we face a drastic cliff as outlined below, please read. Mint Phase 45,000,000 coins (72 days to 25+ years depending on votes) Limit Phase is fixed at 56 days and will award 63,476 blocks Sustain Phase has 10,000,576 coins and will last from 4.7 years to 38+ years (depending on votes) All of the above is from the website: http://heavycoin.github.io/about.html#decentralised-voting Total Supply is said to be from 63,000,576 (12.69% premine) to 128,000,000 HVC (6.25% premine) The math says 8,000,000 coins were premined in total. If my understanding is correct: During the limit phase if vote count was 1024 then 64,999,424 coins would be awarded. If vote count is 0 then 0 coins are awarded. 63,000,576 - 45,000,000 - 10,000,576 = 8,000,000 premined coins We are currently at 544 average vote. If this stays the same going into Limit phase then 63,476 blocks * 544 = 34,530,944 coins. 34,530,944 / 56 days / 24 hours per day / 30 blocks per hour = 856.42 block reward. This obviously will not work well dropping to a block reward of at most 8 HVC in the sustain phase. This is a very poor transition because instead of the block reward going down to prepare for the sustain phase it jumped way up making it that much harder for the coin to survive entering the sustain phase. If the vote is at 256 going into limit then: 63,476 blocks * 544 = 16,249,856 coins. / 56/24/30=403.02 block reward is still way to high. If the vote is at 100 going into limit then: 63,476 blocks * 100 = 6,347,600 coins. / 56/24/30=157.43 block reward. If the vote is at 50 going into limit then: 63,476 blocks * 50 = 3,173,800 coins. / 56/24/30=78.71 block reward. If the vote is at 10 going into limit then: 63,476 blocks * 10 = 634,760 coins. / 56/24/30=15.74 block reward. So as you can see EVEN with a vote count as low as 10 average, going into and staying in the limit phase, the block reward will still drop by more then half going into the limit phase. In all honesty even with a GREAT COMMUNITY RALLY I don't see how we'll get the vote down any lower (on average) then 256 which is less then half what it is now. That would have us going from over 400 HVC per block to at MOST 8 HVC in the sustain phase. This coin can't survive any type of drop like that when the sustain phase hits. It just will NOT BE PROFITABLE in any manner to mine and the network will die and thus the coin will too. Unfortunately at present there is no motivation to down vote for miners who don't have any type of decent stake. They want more coins to sell/dump and don't care about long term value. Carlo Voting low extends the time we have to grow the coin. Working out a smooth transition to the sustain phase, and strong community action to get the coin accepted by merchants is what will grow the coin. But not without a little time and long term viability. If you have a better way to try and make the coin a success I'm sure the whole community is ready to hear it. April 17, 2014, 04:29:07 PM
Quote You still continue this "propaganda" and don't understand that if people aren't able to spend their HVC in other places than exchanges, this coin is going to die. There is no point in mining HVC now, other than dumping. Do you think that voting low is going to get this coin growing? You're wrong. You are right HVC do not need propaganda but services. Being accepted at coinkite will be a good thing. Acceptance criteria are here : https://coinkite.com/faq/alts. I think HVC match them but it need an equivalent of 25 BTC at current price in HVC (~ 1100 kHVC at current price) Premine + community can surely rise that. April 17, 2014, 03:58:38 PM
I am quite happy with the state of HVC right now. I am stocking coins with this low difficulty but also vote 1 to ensure the future.
The rise will come when BTC will go nuts. Yes I am a speculative miner I really enjoy the cooler mining since summer is starting here, and I think I will never mine scrypt again. I like to invest in coins which differ from the mass. HVC is one of them but of course not the only one. April 17, 2014, 03:57:51 PM
I'm sorry but please explain, why do you continue to be a strong supporter? It was designed to be GPU proof. A custom HEFTY1 algorithm. Within a week it was GPU hacked, the developer has all but disappeared except for perhaps a few random posts. Why I still support HVC? CPU-only, for a moment, ported to GPU and it is 50% lower power consumption than scrypt and your cards run cool. If I am going to expend tangible resources to create an intangible item I want my inputs to be as low as possible. The less I spend on my fixed costs the more profit I make. Almost everyone pays for their power to mine. So, HVC will be more profitable to mine than all other coins at whatever price they happen to be at. We need to slow down the mint phase, drag it out at least a year. Ideally longer. This reduces inflation which is good for value. Scrypt-asics are coming, the effects of which are uncertain at this time, but probably not great for GPU miners. HVC could be the next big coin for those forced out of scrypt mining. The problem is at current rate of mint HVC will be 90% mined in 106 days. Pretty disheartening considering the potential this coin has. Everyone stands to gain so much more with a low block reward. I urge everyone to vote low, but I spam that everywhere, another obnoxious side effect of the vote. I'd love to see the devs lower the max vote, give HVC a longer mint phase trajectory, good for investor confidence. Or the community come together and agree to cap the vote. In the meantime we just keep trying to convert 1024 voters to 1 voters, we are pretty stuck at 550 otherwise. Maybe rolling out that multipool will be beneficial, certainly couldn't hurt. The devs could certainly maintain more of a presence here. It seems a lot of people would appreciate that. You still continue this "propaganda" and don't understand that if people aren't able to spend their HVC in other places than exchanges, this coin is going to die. There is no point in mining HVC now, other than dumping. Do you think that voting low is going to get this coin growing? You're wrong. April 17, 2014, 10:05:24 AM
I'm sorry but please explain, why do you continue to be a strong supporter? It was designed to be GPU proof. A custom HEFTY1 algorithm. Within a week it was GPU hacked, the developer has all but disappeared except for perhaps a few random posts. Why I still support HVC? CPU-only, for a moment, ported to GPU and it is 50% lower power consumption than scrypt and your cards run cool. If I am going to expend tangible resources to create an intangible item I want my inputs to be as low as possible. The less I spend on my fixed costs the more profit I make. Almost everyone pays for their power to mine. So, HVC will be more profitable to mine than all other coins at whatever price they happen to be at. We need to slow down the mint phase, drag it out at least a year. Ideally longer. This reduces inflation which is good for value. Scrypt-asics are coming, the effects of which are uncertain at this time, but probably not great for GPU miners. HVC could be the next big coin for those forced out of scrypt mining. The problem is at current rate of mint HVC will be 90% mined in 106 days. Pretty disheartening considering the potential this coin has. Everyone stands to gain so much more with a low block reward. I urge everyone to vote low, but I spam that everywhere, another obnoxious side effect of the vote. I'd love to see the devs lower the max vote, give HVC a longer mint phase trajectory, good for investor confidence. Or the community come together and agree to cap the vote. In the meantime we just keep trying to convert 1024 voters to 1 voters, we are pretty stuck at 550 otherwise. Maybe rolling out that multipool will be beneficial, certainly couldn't hurt. The devs could certainly maintain more of a presence here. It seems a lot of people would appreciate that. April 17, 2014, 09:53:01 AM
Well, to be honest, no coin is every truly going to be GPU/ASIC proof, as long as it ends up being profitable enough to spin your own CUDA/OpenCL / Hardware for it. You'd have to specifically make use of instructions that are available on CPUs, can't be replicated on GPUs without a severe performance hit, and are cost-prohibitive to spin into an ASIC. Good luck with that.
It would actually be much, much easier to spin an ASIC that does some of the steps needed for the coin, and sell that as a device per person (to the best of one's ability to verify identity) - similar to some copyright protection hardware devices. The only way around those would to bypass it (should be impossible as a critical step in the entire workings of the coin), figuring out what they're doing to the input to get a given output (if designed well, should be next to impossible), or reverse-engineering the actual hardware by decapping, tossing it under a microscope, and figuring out what each part does, with the goal being that by the time people have done so, the mining aspect would be secondary. I don't think people would relish the idea of giving up their anonymity (even if only used for shipping) in order to mine, though. Otherwise, even if you do figure out a solution to the first part, it's still just going to be people with 1 CPU vs people with networks/farms/botnets. Right now each of the coins that purport to be GPU/ASIC proof are really just delaying the application of GPUs / ASICs. Still a good thing (less skew), but pretty poor in terms of being a 'solution'. April 17, 2014, 08:20:08 AM
Let's not talk the coin down. All the negativity pulls down any goodwill that it has.  Yup... HVC is dirt cheap folks!!!  Sadly, without a small adjustment by the devs to the max allowed vote, or a massive change of heart by miners to drop the vote, HVC will stay dirt cheap. Despite a strong effort by a number of HVC faithful to get the vote lower, the downtrend of the vote has reversed course and up it goes. Clearly logic does not trump greed. The events of the past days/week have brought stunning clarity to what will happen to HVC if its value drops and what happens if it rises even a small amount. I am a very outspoken supporter of HVC and will continue to be, but I'm not delusional, something has to change. I know I'm not the first one to say the max vote is too high. I'm sorry but please explain, why do you continue to be a strong supporter? This coin is a MASSIVE FAILURE. It was designed to be GPU proof. A custom HEFTY1 algorithm. Within a week it was GPU hacked, the developer has all but disappeared except for perhaps a few random posts. Keep in mind he made off with over what.... 150BTC from the IPO? Tell me, what have you gotten for all of your hard work, energy, time and lost money? If anyone still supports HVC they ARE delusional. PS. I loved this coins concept and supported it and mined it from day one. But seriously... This ship isn't sinking. It has SUNK. No one will be mining HVC in 3 months. And good luck finding anyone to buy it if you are still holding "to the moon". BTC was designed to be GPU proof, LTC was designed to be GPU proof and despite that at some point GPU's took over but the coins definately havent been a failure. CPU mining is the stupidest thing ever anyway so whine about it ? Only people making money with CPU mining are botnet owners and cloudminers with thousands of Xeons. Actually BTC mining was never designed to be gpu proof, it was foreseen even at early stages specialised mining hardware taking over, ltc was purpoted GPU and ASIC resistant (therefore offering a diversification and safe haven), which it's largely failed at- and some ppl knew this from beginning, artforz et al spring to mind. now it is offering no tangible benefit to BTC at this time. This coin is resistant to huge centralised mining cartels and farms producing own 'shovels' at tiny costs and dumping en-masse dug gold on markets- like KNC, ghash, chinese scrypt ASIC farms etc. April 17, 2014, 08:04:03 AM
Let's not talk the coin down. All the negativity pulls down any goodwill that it has. Yup... HVC is dirt cheap folks!!! Sadly, without a small adjustment by the devs to the max allowed vote, or a massive change of heart by miners to drop the vote, HVC will stay dirt cheap. Despite a strong effort by a number of HVC faithful to get the vote lower, the downtrend of the vote has reversed course and up it goes. Clearly logic does not trump greed. The events of the past days/week have brought stunning clarity to what will happen to HVC if its value drops and what happens if it rises even a small amount. I am a very outspoken supporter of HVC and will continue to be, but I'm not delusional, something has to change. I know I'm not the first one to say the max vote is too high. I'm sorry but please explain, why do you continue to be a strong supporter? This coin is a MASSIVE FAILURE. It was designed to be GPU proof. A custom HEFTY1 algorithm. Within a week it was GPU hacked, the developer has all but disappeared except for perhaps a few random posts. Keep in mind he made off with over what.... 150BTC from the IPO? Tell me, what have you gotten for all of your hard work, energy, time and lost money? If anyone still supports HVC they ARE delusional. PS. I loved this coins concept and supported it and mined it from day one. But seriously... This ship isn't sinking. It has SUNK. No one will be mining HVC in 3 months. And good luck finding anyone to buy it if you are still holding "to the moon". BTC was designed to be GPU proof, LTC was designed to be GPU proof and despite that at some point GPU's took over but the coins definately havent been a failure. CPU mining is the stupidest thing ever anyway so whine about it ? Only people making money with CPU mining are botnet owners and cloudminers with thousands of Xeons. April 17, 2014, 06:25:20 AM
This coin can be monitored and send alert of price changes in android app Crypto Coins Manager, as like all other coins. Use it for free.
https://play.google.com/store/apps/details?id=halfprice.coinmanager April 17, 2014, 06:00:19 AM
A question for those of you who have stopped mining HVC. What coin or multipool did you switch to? BlackCoin (indirectly through the blackpool). April 17, 2014, 05:58:48 AM
A question for those of you who have stopped mining HVC. What coin or multipool did you switch to? I mine blackcoin on their multipool April 17, 2014, 05:57:42 AM
heavycoin pool simlar to blackcoin pool please, that builds the hype by keeping constant buy pressure. Hype + innovation = win u want mutipool i can setup but how much hashrate in my pool?Yeah man set it up dude, it will create constant HVC buy support, just like the blackcoin pool. April 17, 2014, 05:56:14 AM
A question for those of you who have stopped mining HVC.
What coin or multipool did you switch to? April 17, 2014, 05:42:16 AM
heavycoin pool simlar to blackcoin pool please, that builds the hype by keeping constant buy pressure. Hype + innovation = win u want mutipool i can setup but how much hashrate in my pool?if you build it, they will come. April 17, 2014, 05:04:33 AM
Added a hashrate/miner chart, combined stable/crunch(/hvcpool in the background) into 'other' in all graphs, added weight (size of circle) of votes to the 'votes at pools' chart.
Edit: Oh, and if you quote it, please only quote the relevant part to keep the size of your post down Jump to:
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