Topic: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast - page 62. (Read 542277 times)

It's a "slippery slope" for sure.

In an ideal world what you just typed/suggested would be preferred and the ideal had it been done that way!!!  However a few pools started with 1024 (highest vote possible) as the default vote which many people just kept so we in effect have "default/config" votes coming through which are very high by a whole lot of miners. A large portion of those mining are probably using these "defaults". To a lot of people just looking for a quick way to mine HVC they have no idea (or very little idea) how the vote really works. What we are trying to do "is counter" this "high default" vote with an equal set of "low default" votes.  <--- normalize it so to speak.

BUT since there will more then likely be a problem when we reach sustain phase at current voting levels we are "trying to influence" the voting while keeping in the spirit of allowing people to make their own choice.

If it were done as you suggested from the start I would never have asked any pool to change the default as it would not have been set to begin with.  But because of the way many ZIP files were downloaded and used we have a lot of high votes coming in that are essentially "pool votes" that were set at the maximum.

I hope the intention is clear.  

I have volunteered to write up a sample paragraph explaining the vote which I could post to the forum for comment/review.  Then any pool manager running MPOS (have email addresses) could send this to their users.  This would educate the users (those that don't know how voting really works) and suggest they check/re-set their vote to what they feel is best. They could raise or lower their vote but at least it would then be THEIR vote so to speak.

Carlo

But yes in all honestly I am probably over-stepping a bit trying to get the vote down.

But by having a default value in the config deciding for the miners is exactly what you are doing !?
Why not have something like "-vote YOUR VOTE" instead of 512 ?

Last 10 block votes:
ZHPool: 716.94 average - 512,1024,512,1024,1024,1024,512,1024,1024,1
Nonce: 77.6 average - 768,0,1,1,1,1,1,1,1,1

To 1.  I believe it's already at 512.

Thank you.

BTW, no one was suggesting anything other then setting the "default" to 1.  Any miner is/will be free to change it to whatever they wish to have it set to.  Others who are lazy or just don't understand how the vote works will have something already pre-set for them to use.  They of course always have the ability to change it at any time.  We as a community just think a lot of people "use the default" without changing it so for these people we would prefer the "default" be set to 1.  Nothing more than that.

Carlo

PS what did you mean by "I don't own the pool"?  It's not your pool?

corrected

@carlo, in personal I totally agree with you, I have been running my own rig voting 1 for almost 1 month, but that is my own choice, not the pool, I don't own the pool or the minners at our pool...

It's really easy for a pool operator to "decide" the vote for our minners, but it's a free market we are running, we don't and will not tell people the price to buy or sell, we like HVC technically, but you decide HVC's future wtih your vote.

Per your suggestions, I will change the default 1024 to 512 after 10 hours.

After 24 hours of mining at Nonce pool with 5* 750ti's I got 395 HVC!!  
Vs 275 in 24 hours at zhpool.
If you do switch I recommend giving it 24 hours before you decide to stay or go.

Thank you for your willingness to change the  default vote. You have a great pool and have been active in the HVC community and supportive of the coin, which is why it was so surprising that the vote was set so high.


I like your strategy!


Yes! Long term mining of mint phase will benefit everyone!

Very well said. A high vote will cause the mint phase to ran out quickly, and then suddenly during the sustain phase the block reward goes down to 5-8 HVC, which is extremely sudden and dangerous, and to my prediction, the coin will not survive.

Low votes will cause the mint phase to extend much longer, a slow gradual decrease in the block rewards which will correspond to an increase in the price of the coin, and the whole ecosystem will be ready for the sustain phase. I'm really shocked that pool managers/big miners do not seem to get this key issue.

Please everyone, vote low, and dear pool managers, set your defaults to a low value. We need this. It's not about whales to make short term profit, it's about the long-term survival of HVC.

As a pool operator I'm surprised you don't get it as it's just simple math.  Plus we've been discussing it in the forum the past week.  It seems you only care about "price to dump" your coin for.  I guess "rape and pillage" is one way to go if you're a pool operator but that is not good for the rest of us. And honestly you yourself could make more off of a lower vote count.
 
ZHPool, a question for you.  Assuming voting stays the same.  What do you think will happen to both your pool and HVC in general if the reward per block suddenly drops from 550 coins to 5 coins?  This could very well happen when the coin enters the sustain phase. Remember the sustain phase will not pay more then 8 HVC per block (at the highest) regardless of vote count!

If there is NOT a smooth transition from the current block reward down to under 10 HVC there could be problems entering the sustain phase.

If you assume the voting stays about the same and the value of the coin stays about the same then all of a sudden the coin will be worth about 100 times less to mine when phase 3 (sustain) takes affect. Your HVC pool may very well die and maybe the coin too.

Now let me propose a different strategy:  People start voting much lower.  This will increase difficulty but will also expand the mint phase. The market will slowly adjust and the value of HVC will go up as the difficulty goes up because they coin is harder to mine.  Nothing is going to happen overnight BUT with the reward per block slowly getting smaller and the value of HVC getting bigger they will "cover/complement" each other. 

This allows the reward per block reward to get smaller and smaller over the next couple of months while HVC increases in value.  If done correctly then the reward per block won't be 550 but maybe 50 or so.  There will not be such a drastic drop off in reward going into the sustain phase.

PLUS, by reducing the vote count it will EXTEND the mint phase which in turn givse more time for the value of HVC to adjust. 

Translation, you "can" make more as a pool operator by helping to extend the mint phase. You surely can make more long term by having the coin still alive and doing well in 3 months!

Just for clarification: No one is asking to "force" anyone to do anything.  All we are suggesting is replacing the default vote count in your samples with a vote count of 1.  Users are still free to change it to whatever they choose.

I would be happy to put together a 5 or 6 line paragraph explaining the vote parameter you could include with the configs.

I would be happy to take this offline to PM or email if you like.  I'd first love to "win you over" personally first.  At best it would be good for your pool and the worst case would probably be "neutral" to your pool.

Carlo

I'm doing a research project on coin distribution for both older and new coins. I'm interested on gathering some data for top addresses and how much of the coins the top100 have. This along with the number of people (addresses) actually holding any amount of coins.

I have some info from bitinfocharts on a few coins but I really do need some data on other coins along with less exposed or new ones.

If anyone knows an explorer with this feature drop a line.

i dont know but really something wrong with this coin, hes goes all the just down and down...i almost every drop buying, but that is never ends, i keep 137k HVC.. escpecially in this i think i can call altcoins bull market... i have ready 2BTC to buy HVC, but now not sure...

hm... we can do that if you need us to make the deicision for you.

Actually, we will not suggest our minners' votes now and future, minners should make their own choice per their own decision.

And, we don't think low voting do much benifit to HeavyCoin community but only the price when you dump your coins for money.

We have worked or been working on ---

1. We have completed HeavyCoin voting system merged to latest MPOS release, and share all the source code we are running to HeavyCoin developper.

2. We tested HVC algo with FPGA, and publish the result to community, giving you the confidence in HeavyCoin technically.

3. We are helping choosing and pushing a nice name to the biggest market - China. Currently on one of the biggest Chinese info site http://yibite.com/download/112.html

4. We are sitll waiting for keccak512 to choose the new logo, we are planning producing some really nice custom gift for our minners(as reward) and the community(for sale with HVC) I am not supposed to annouce this at this time.

5. We devoted 8 delicated servers to run a dedicated pool for HeavyCoin, those cost us everyday, but we have not dump one single HVC to market.

We have the confidence in HVC, we are trying to help as we can.
Pumping the price? that is the last thing we do.

Anyway, you have your choice to mine at any HVC pool, and your vote.

Nonce hash went up 35% from when i posted that. Yes 1GH still massive. Block found at nonce just a few minutes ago...

woosh

What boost ? I can see 1GH having 40x more hashrate than nonce ? The last block on nonce was 5h ago ?

Nice little boost to Nonce hash rate, pushed it over 1GH/s....  

edited: clarity

Maybe.  I never got that thing to load and assumed it was either dead or simply doesn't have a webpage

Of the pools listed:

pool	status
hvc.nonce-pool.com	healthy
heavycoin.zhpool.com	healthy
hvc.1gh.com	healthy
heavycoin.miningpoolhub.com	healthy (but see note on 'luck')
heavy.stablehash.com	inactive
hvc.crunchharder.net	inactive
hvc.pool.mn	inactive and misconfigured
hvc.v36.net:8002	won't load
heavycoinpool.com	shut down

Vote 1 please. A longer mint phase benefits everyone. I actually dropped mine to 0.


Good to see you over there. I was on Zhpool and was getting 275 HVC daily, in 18 hours at nonce Ive got 265 HVC. I'll be sticking with Nonce. The bigger payouts are nice too.

Your choice but 1 would be fine.

Lower block reward extends current mining phase. See http://heavycoin.github.io/about.html for details (click "decentralized voting" tab).