I think HVC brings some very desirable features to GPU mining that would help push it to the head of the pack, especially in the summer heat. In fact, I'd go so far to say HVC would have far more value right now if it weren't for the voting bit. Here's my thinking. When HVC value goes down HVC faithful stay and mine and generally vote low. So we see the vote start to come down, great for long term mining. When HVC value goes up, miners come back and new miners come mine. Price is up so they vote high to get more of the coin at the higher value, the more the coin is worth the more HVC will likely see high votes. Watching the votes over the last week confirms my thoughts, as I'm sure I'm not the only one who has noticed more 1024 votes that coincide with the altcoin uptrend. More inflation happens faster with the high votes and the price goes down. I see it being a vicious cycle and a double dose of bad for the coin. The markets are volatile enough without internal volatility that this range of votes creates. It almost punishes the faithful because as hard as we work to lower the vote and extend the mint, if HVC hits a good value a flood of greedy miners can destroy all the work the faithful have done. During the low the faithful made a strong push, the 1 votes consistently outnumbered the 1024 votes, and we were almost at a sub 500 block reward, then HVC price rise a tiny bit and the 1024 votes now outnumber the 1 votes. Imagine if the coin gained even more value, as much as I want it to, it will destroy the coin, quickly.
I think the best way forward is to knock a digit off the maximum vote and drop it to 150. Allow the mint phase to be mined for about a year even at maximum vote. This is a very small change that will benefit everyone.
I believe in HVC, I think we have a great community, but we will never be able to reason with greed. We need a lower max vote, please help us out here devs...
Topic: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast - page 61. (Read 542292 times)
April 16, 2014, 02:51:21 PM
April 16, 2014, 02:47:18 PM
I will still keep an eye on HVC, but right now I'm mostly out; if I had a big crypto wallet, I'd be glad to leave some value in HVC but it doesn't seem to be going anywhere right now and I need my assets to be active.
I might regret not having left earlier with a bigger profit, but I really wanted to double and hold, so I did; now I had to step out to break even before facing losses. Still, I think there's a good work behind and will be glad to jump back in if there's any developments.
I might regret not having left earlier with a bigger profit, but I really wanted to double and hold, so I did; now I had to step out to break even before facing losses. Still, I think there's a good work behind and will be glad to jump back in if there's any developments.
April 16, 2014, 02:07:42 PM
You probably didn't mean to, but I think you did an excellent job of summarizing why people think CPU-only is important, but why in reality it isn't.
There's a perception that CPU-only is desirable because:
But in fact, CPU-only is undesirable because:
Not everybody has a high-end GPU. I get that. But I would argue more mainstream users have a decent GPU than have a server or cluster.
There's a perception that CPU-only is desirable because:
I believe that in the future, as many "regular" people enter crypto, the need of a CPU-only coin will increase.
But in fact, CPU-only is undesirable because:
The problem is that there are something like 10-15 persons that mine the most of it with some gigantic CPU-farms, so for anyone else is a lost case ...
Not everybody has a high-end GPU. I get that. But I would argue more mainstream users have a decent GPU than have a server or cluster.
Well, it's all about perception. I feel better using my i7 than using my 280x. I am not afraid of the electricity cost. But, that's me ...
Many thanks for all comments, that's the reason why I like this community, you can discuss as a civilized person here.
April 16, 2014, 02:05:28 PM
You probably didn't mean to, but I think you did an excellent job of summarizing why people think CPU-only is important, but why in reality it isn't.
There's a perception that CPU-only is desirable because:
But in fact, CPU-only is undesirable because:
Not everybody has a high-end GPU. I get that. But I would argue more mainstream users have a decent GPU than have a server or cluster.
Of course much the same is true with GPUs - there's quite a few GPU farms out there as well, and if a coin ends up being profitable enough, those will only grow (in number and size). There's a perception that CPU-only is desirable because:
I believe that in the future, as many "regular" people enter crypto, the need of a CPU-only coin will increase.
But in fact, CPU-only is undesirable because:
The problem is that there are something like 10-15 persons that mine the most of it with some gigantic CPU-farms, so for anyone else is a lost case ...
Not everybody has a high-end GPU. I get that. But I would argue more mainstream users have a decent GPU than have a server or cluster.
April 16, 2014, 01:40:32 PM
You probably didn't mean to, but I think you did an excellent job of summarizing why people think CPU-only is important, but why in reality it isn't.
There's a perception that CPU-only is desirable because:
But in fact, CPU-only is undesirable because:
Not everybody has a high-end GPU. I get that. But I would argue more mainstream users have a decent GPU than have a server or cluster.
There's a perception that CPU-only is desirable because:
I believe that in the future, as many "regular" people enter crypto, the need of a CPU-only coin will increase.
But in fact, CPU-only is undesirable because:
The problem is that there are something like 10-15 persons that mine the most of it with some gigantic CPU-farms, so for anyone else is a lost case ...
Not everybody has a high-end GPU. I get that. But I would argue more mainstream users have a decent GPU than have a server or cluster.
April 16, 2014, 01:27:49 PM
I do not quite disagree with you. So far, this is the case. However, I believe that in the future, as many "regular" people enter crypto, the need of a CPU-only coin will increase.
And since you mentioned RIC ... I love it (you can tell it from my sig
) but RIC has another problem. The problem is that there are something like 10-15 persons that mine the most of it with some gigantic CPU-farms, so for anyone else is a lost case ... Sorry for the off-topic, back to HVC, nothing to see here
There is MMC which is basically CPU-only (GPU advantage is next to nothing). It even has a kind of voting too. Still, its price trajectory is the same with any other recent alt.
April 16, 2014, 01:20:14 PM
Bummer. We need a real CPU coin. Even primecoin is now GPU.
CPU-only is a myth. RIC has been real CPU-only from the start and still its value has tanked to the point where its not particularly profitable to mine and its viability is being questioned despite a highly active dev and a strong community that has launched a Foundation in support of the coin. XPM was CPU-only for months and months, and aside from a brief how-do-you-do in December, its price has been in steady decline since launch. The recent release of a GPU miner for XPM has had zero effect. Being CPU-only (or not) is a total red herring and has no bearing whatsoever on either the short-term or long-term viability of any coin. To suggest otherwise is either folly or deceit.
I do not quite disagree with you. So far, this is the case. However, I believe that in the future, as many "regular" people enter crypto, the need of a CPU-only coin will increase.
And since you mentioned RIC ... I love it (you can tell it from my sig
) but RIC has another problem. The problem is that there are something like 10-15 persons that mine the most of it with some gigantic CPU-farms, so for anyone else is a lost case ... Sorry for the off-topic, back to HVC, nothing to see here
April 16, 2014, 01:13:48 PM
Bummer. We need a real CPU coin. Even primecoin is now GPU.
CPU-only is a myth. RIC has been real CPU-only from the start and still its value has tanked to the point where its not particularly profitable to mine and its viability is being questioned despite a highly active dev and a strong community that has launched a Foundation in support of the coin. XPM was CPU-only for months and months, and aside from a brief how-do-you-do in December, its price has been in steady decline since launch. The recent release of a GPU miner for XPM has had zero effect. Being CPU-only (or not) is a total red herring and has no bearing whatsoever on either the short-term or long-term viability of any coin. To suggest otherwise is either folly or deceit.
April 16, 2014, 12:53:24 PM
Dude look at Mintpal. Nothing being bought. No good orders. No demand. Sell is thin. This coin has lost its steam.
It will either be a slow decline to nothing or a swift death if people try to cash out while they can.
Bummer. We need a real CPU coin. Even primecoin is now GPU.
Sigh.
It will either be a slow decline to nothing or a swift death if people try to cash out while they can.
Bummer. We need a real CPU coin. Even primecoin is now GPU.
Sigh.
April 16, 2014, 12:49:49 PM
You could try what MMC did. New wallet. 4 to 1 value swap. Old coins worthless. Basically less coins.
In mean time take a look at MRC on Mintpal. It's moving!
In mean time take a look at MRC on Mintpal. It's moving!
April 16, 2014, 12:48:16 PM
Charts here: http://crypto-prices.com/HVC
April 16, 2014, 12:47:45 PM
Some people are just too impatient...
smaragda, I follow HVC prior the lunch and I know that you are one of the true believers. But, HVC has some things fundamentally wrong. I will try to explain my view.
1. The "CPU-only" coin disaster. At that point, the coin lost the vast majority of its miners. Not hash speed, miners, people. The reason is that there are a lot of people out there that they do not have a killing GPU/ASIC infrastructure. So, they are looking for a strong new CPU-coin.
2. The innovative voting system. Professional miners that come for a quick buck, will always vote 1024 or so. Vast majority of them want to mine as much as possible and dump as soon as possible. They have bills to pay. That leads to ...
3. Miners with a bazillion of coins. Each time the coin gains 100-200 Sat, they will dump for some BTC. Right now, they do not dump, because if they dump, the coin will reach 1 Sat and they will have some HVC left still.
HVC lost me at point 1. I went out at 7200 Sat (50%) and at 5450 Sat (another 40%). I made a modest profit and I keep my 10% because you never know. With all my heart, I wish all the best to HVC community. It is not so active but I see really nice people here and I respect that. Also, I think that the developer should be respected. He tried his best, he brought something new in crypto and I believe that in the future he can do a lot better. He is not a PR guy, community should take over in order to do the PR.
April 16, 2014, 12:28:12 PM
I have to say, I think instead of letting go ... lets make HVC stable and good and not become the biggest PnD ever like BC.
April 16, 2014, 12:26:43 PM
Some people are just too impatient...
April 16, 2014, 12:21:38 PM
I think we could do well even without it being a true CPU coin (though I'd prefer that). I think a coin re-launch without an IPO, removing voting, and setting a longer mining period could do the trick.
That being said, we need something huge to happen for this coin to matter. Altcoins survive only if they serve one of two purposes:
1. Full ecosystem, real potential to challenge other top 10 coins.
2. Testing grounds for new ideas, algos, technologies.
I don't think HVC in it's current state can really claim either of the above.
That being said, we need something huge to happen for this coin to matter. Altcoins survive only if they serve one of two purposes:
1. Full ecosystem, real potential to challenge other top 10 coins.
2. Testing grounds for new ideas, algos, technologies.
I don't think HVC in it's current state can really claim either of the above.
April 16, 2014, 11:55:32 AM
Starting to have major MAJOR doubt. Buy orders have all but vanished. Volume is nothing. Coin isn't profitable.
Honestly... How do you turn that around? I loved HVC when it was first released as a cpu only coin. But that changed quick, and thus did the metrics and value.
There are WAAAAY to many coins out there. There are not enough buyers.
There used to be tons of buyers and everyone was holding. Now its just everyone holding.
High supply and low demand is BAD Economics. It doesn't work.
I wish there was a great CPU only coin out there. HVC was supposed to be it. It failed and is now trying to be something it's not.
All of this talk about pools, lower votes, 2.0. Folks, it's broken. Faith is lost. People ain't buying.
I'm disappointed. I mined this coin since the start on CPU, from solo, to pool, to GPU.
I'm sorry, but I'm dumping out. I can't keep my 24 280x cards running a profit less coin. LTC is by far more lucrative, energy and heat to go with it. I could mine LTC and buy double the HVC the way the spread and buy sheets are looking.
I hate to say it but maybe instead of fixing this GIANT mess, we should learn from what happened and someone should create a true CPU coin which is what attracted us all to HVC from the start.
I'm selling now while I can still inch a bit out of my 430k HVC I should have sold weeks ago. I'm pointing my rigs back to wemineltc.
Not a hater. I had so much faith. But it's time to let go.
Honestly... How do you turn that around? I loved HVC when it was first released as a cpu only coin. But that changed quick, and thus did the metrics and value.
There are WAAAAY to many coins out there. There are not enough buyers.
There used to be tons of buyers and everyone was holding. Now its just everyone holding.
High supply and low demand is BAD Economics. It doesn't work.
I wish there was a great CPU only coin out there. HVC was supposed to be it. It failed and is now trying to be something it's not.
All of this talk about pools, lower votes, 2.0. Folks, it's broken. Faith is lost. People ain't buying.
I'm disappointed. I mined this coin since the start on CPU, from solo, to pool, to GPU.
I'm sorry, but I'm dumping out. I can't keep my 24 280x cards running a profit less coin. LTC is by far more lucrative, energy and heat to go with it. I could mine LTC and buy double the HVC the way the spread and buy sheets are looking.
I hate to say it but maybe instead of fixing this GIANT mess, we should learn from what happened and someone should create a true CPU coin which is what attracted us all to HVC from the start.
I'm selling now while I can still inch a bit out of my 430k HVC I should have sold weeks ago. I'm pointing my rigs back to wemineltc.
Not a hater. I had so much faith. But it's time to let go.
Afraid a lot of people are/have done the same.
April 16, 2014, 11:15:10 AM
Starting to have major MAJOR doubt. Buy orders have all but vanished. Volume is nothing. Coin isn't profitable.
Honestly... How do you turn that around? I loved HVC when it was first released as a cpu only coin. But that changed quick, and thus did the metrics and value.
There are WAAAAY to many coins out there. There are not enough buyers.
There used to be tons of buyers and everyone was holding. Now its just everyone holding.
High supply and low demand is BAD Economics. It doesn't work.
I wish there was a great CPU only coin out there. HVC was supposed to be it. It failed and is now trying to be something it's not.
All of this talk about pools, lower votes, 2.0. Folks, it's broken. Faith is lost. People ain't buying.
I'm disappointed. I mined this coin since the start on CPU, from solo, to pool, to GPU.
I'm sorry, but I'm dumping out. I can't keep my 24 280x cards running a profit less coin. LTC is by far more lucrative, energy and heat to go with it. I could mine LTC and buy double the HVC the way the spread and buy sheets are looking.
I hate to say it but maybe instead of fixing this GIANT mess, we should learn from what happened and someone should create a true CPU coin which is what attracted us all to HVC from the start.
I'm selling now while I can still inch a bit out of my 430k HVC I should have sold weeks ago. I'm pointing my rigs back to wemineltc.
Not a hater. I had so much faith. But it's time to let go.
Honestly... How do you turn that around? I loved HVC when it was first released as a cpu only coin. But that changed quick, and thus did the metrics and value.
There are WAAAAY to many coins out there. There are not enough buyers.
There used to be tons of buyers and everyone was holding. Now its just everyone holding.
High supply and low demand is BAD Economics. It doesn't work.
I wish there was a great CPU only coin out there. HVC was supposed to be it. It failed and is now trying to be something it's not.
All of this talk about pools, lower votes, 2.0. Folks, it's broken. Faith is lost. People ain't buying.
I'm disappointed. I mined this coin since the start on CPU, from solo, to pool, to GPU.
I'm sorry, but I'm dumping out. I can't keep my 24 280x cards running a profit less coin. LTC is by far more lucrative, energy and heat to go with it. I could mine LTC and buy double the HVC the way the spread and buy sheets are looking.
I hate to say it but maybe instead of fixing this GIANT mess, we should learn from what happened and someone should create a true CPU coin which is what attracted us all to HVC from the start.
I'm selling now while I can still inch a bit out of my 430k HVC I should have sold weeks ago. I'm pointing my rigs back to wemineltc.
Not a hater. I had so much faith. But it's time to let go.
April 16, 2014, 05:32:55 AM
April 16, 2014, 05:25:38 AM
Pool hash rates and miners
| pool | rate (Mh/s)*
April 16, 2014, 03:51:46 AM
would be nice if HVC got listed on some chinese exchange like:
bter.com btc38.com Jump to:
|