Topic: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast - page 72. (Read 542276 times)

The upcoming reversal for cryptos in general will be EPIC!!!   

...there are many workarounds to the China problem folks...

So at 80MH/s you right now would be generating about 227.74 coins per day on 4/8/14. HVC is currently trading at 0.00002933 so that is 0.006679589 BTC per day.  BTC right now is at $452 so your rig is earning $3.02 per day on average before expenses.  880W is 21.12 kWH per day.  If your electric cost is 13 cents (with all taxes included) that is $2.75 in cost per day.  You are making $0.27 per day mining HVC at present.  If you figure any type of depreciation or any other factors then you are most likely loosing money mining HVC at present.  You will never get an ROI at present profit levels. So why mine HVC at present if there are other coins much more profitable?  You could always use that money to purchase HVC if you think it has a future. Profitability would be higher for 750ti users as the power requirements are lower, but again, why not just mine a different coin that is more profitable?

Yeah, I didn't mean to imply that pools override miners' votes, just that they do set a default value in the batch files / scripts they provide, hence the 'dictate' in single quotes
Though hypothetically speaking, I'd imagine it would be possible to reject submissions that disagree with a pool's 'allowed range' of votes.  Of course that also means less rewards for the pool to begin with, and miners would quickly realize and change to a different pool so that's even worse for the pool.

not very nice view with the price of HVC, but anyway mostly coin following bitcoin, last night i bought more... paid 350$ for 1BTC and got 41k HVC...but that dosnt help, sell orders are small, looks like nobody wants to sell, just few miners/whales who sells with insta market orders..
anyway, still bullish in long run, if crypto market recovers after this mess..

and...

now keccak512 (devs) really could use little of that IPO fund, to buyback some HVC to support coin... atleast just help to keep the wall in ~3k

If I choose to give up
Is that I lost all don't come back
Or does it mean that I have to reduce losses to a minimum?

Because they already got rigs, they cant sell now cheaply what they got and buy coins,best thing they can do is keep mining and hope one day they can recover their losses.

Technically speaking, the miner is required to set the vote (it is a part of hashed block header), so there is no way a pool could override that.

actually they are supporting the Network too,if no one Mine then the network will collapse,but true "Hard" times 

Not sure why that would have been 'better'.  The premise of the coin was, after all, that people could 'democratically' vote for the reward and some derived numbers from the get-go.  If you have to* pick a number between 0 and 1023, 512 is about as sane as it gets ( an argument could be made for 511 ).

I think the power of pools + apathy of miners was simply not anticipated.  The former causing pools to effectively 'dictate' the defaults, and the latter causing those defaults to not be changed.  Pools could have been more proactive in teaching people about it (by not inserting a default numeric value at all, instead using a textual placeholder - same as they do for the username / password placeholders, and explaining to users what the value does) but then they'd be putting up a barrier for the apathetic miners who just want to get up and running with mining fast.. and if Pool A makes them read a bunch of stuff and think about the vote, while Pool B does not.. all things being equal, Pool B gets the miners.

Perhaps truly 'better' would have been for vote-less results to be accepted - essentially have the miner abstaining from voting, and going along with whatever 'the network' ends up voting.  Then the minority who do care could have had more control, and those who didn't care but suddenly wondered why the reward was changing the way it did would educate themselves and join in on the voting.  Of course this wouldn't prevent pools from setting default values anyway, but at least it would put the onus on the pool to explain why they are voting the exact value they are, instead of the current 'well, we have to put something there, so we set it mid-way'.

* Oddly enough, the website does mention "to disable voting then see How to mine", but the mining page ( http://heavycoin.github.io/mining.html ) doesn't mentioning anything about voting at all.

Refuse to realize one's error
so..

Because they already got rigs, they cant sell now cheaply what they got and buy coins,best thing they can do is keep mining and hope one day they can recover their losses.

but you can buy from the market,   
1btc=more than 5w, why mine!
 

Dont think people will turn off their machines now because they are mining in loss , some people think about future

The whole network still has the count hashrate over 80g
 

Difficulty more than 2500

Mining with Loss  Profit is far far away

Fell so far, BTC also fell, mining without profit