Topic: [ANN] HYPER ~ Game Currency ~MMOs ~Poker ~ 20+ Servers~ShapeShift.io ~RPG +More! - page 353. (Read 716749 times)

Because the PoW will phase out and it will become pure PoS.

Yeah cool man, i thought as much. Will just have to keep a close eye on things. I was pretty much starting to migrate to x11 coins which is stress free where heat is concerned.

Sorry to hear things are getting a bit heated there with your mining rigs!

After the two week PoW stage is over HYPER will move to 100% proof of stake phase 1, meaning there will be no more active PoW mining. So after these initial two weeks the coin will then be low energy. I hope that makes sense

Coins are staking daily right now at 5% monthly interest and after this PoW stage is over the network will be secured by low energy PoS only which rewards holders for securing the network.

Ok i know my question may of been a bit crap, but even a crap answer would be nice  How is this low energy?
Never the less, i can only put 12m/h on this , as iv just noticed 3 dead fans on 3 cards 

Iv never wished for a cool summer before....til now lol

Here is the current HYPER team:

Me (HYPERfuture): PR, community manager, web guy, makes things happen.
Anonymous: Mysterious coin dev, cryptocurrency coding guy.
shivamchawla: Internet marketing specialist, all round action taker guy.

This will grow as more join the project.

Forum is up: http://hypercrypto.com/forum/

There are sections to discuss MMO development, the market stabilization fund, earn HYPER by marketing, earn HYPER by playing RPGs by post on the forum, how any online game can apply to use HYPER, and more.

I didn't bad mouth the dev. I pointed out a problem and offered a solution. I never asked for the entire premine, just a portion to establish the fund. Also I have over 50mhash mining this coin, I don't need his premine to turn a profit on this coin.

I am also not some random person, I am tokyoghetto. Check my track record I am not a scammer. By him not handing the fund to a 3rd party, puts the coin at greater risk.

Anyways this coin will do fine without you, if you decide to not be a part of it.

You don't know what you're talking about.  Tokyoghetto's involvement is the only thing that can save this coin at this point.

Dev, don't trust tokyoghetto with your premine if you want to keep it. One minute he's bad mouthing you, the next minute he's offering to take all of your coins. I would keep him at arms length and I will most definitely stop mining this coin if you blindly trust one random person with the market stabilization fund.

The dev has said a few things that've made me want to stop mining this coin but I'm still hopeful. But if tokyoghetto gets a hold of everything, I'm out.

QFT

Damn it,
Why do coin developers not understand that greed like this will destroy any hope for their coin? It is completely unreasonable for you to control 33% of the effective POW coins. No decent exchange will accept this. Even if you swear up and down the coins are for game development, where is the proof of this so called game? Can we see screen shots? Or is it just a pipe-dream?  In what part of your brain did you make the decision that 1 weeks worth of mining was an okay pre-mine? And who the fuck is "we", I am pretty sure all this "we" is just really "you".

Faucet Finished:
http://www.cryptoarrow.com/faucets/hypercoin/index.php

Enjoy

We are working closely with tokyoghetto to iron out the details of his proposal.

This is exciting times for HYPER

Assuming everything goes smoothly, we couldn't ask for someone more qualified in the PoS world to manage the HYPER Market Stabilization Fund.

I need 12 hours to come up with a more detailed Hyper Fund proposal. I believe that I can bring plenty of value to this coin. Stay tuned.

Jeeez...im sitting on the fence here now...iv only got 13MH/s but i dont want it wasted...
Quick question, how is this a low energy coin?? Its scrypt algo which is gona heat my whole god-damn house up...or is it because its PoS??

PoS blocks are also on the same chain you dumbass.  
You have no idea what you are doing, do you?

Just take a look at the MintCoin or another clone source from same development tree.
I just copy-pasted pieces from your source code. Those are simple facts, not arguments for discussion.

Really looking forward to
HYPER

Block reward is 72.5 coins per block for the first 40320 blocks ~ 2 weeks.

This means 2 923 200 coins ~ 3 million will be mined by miners (on top of the premine) in the PoW stage which is now.

Previous post is factually incorrect regarding pretty much all points.

Shall we get your facts straight? OK, here we go:

   
Do not be fooled by the integer name. That means total target spacing is 30s. Not PoW or not PoS but PoW+PoS.
In practice it leads roughly to 1200-1500 PoW blocks per day. Lets say that we have ideal conditions and we get 1440 PoW blocks per day. First day, there are no stake blocks anyway.

Lets now calculate how many coins we get within 24 hours. 1440 * 72.5 = 104 400. And how many it is for 2 weeks? 104 400 * 14 = 1 461 600 COINs.
Lets now review the total number of COINs.
Yes. Its 60 millions.
How much is 1.46M from 60M? Lets see. 1.46/60*100. Oh, its only 2.436% Lets add a little more and say that 1.5M will be mined.

Lets now see how much the dev premined.


So total subsidy after 2 weeks will be around the premine of  1.5M + mined 1.5M = 3M. And Dev will control about 50% of total subsidy after mining period has ended.

Now about staking.


Can a miner really hope to get daily stakes? Good luck with that.

Im not going to comment on compounding interests. I just say that your numbers are bit wrong.
The only wallet which will seriously benefit from compounding interest is indeed the devs wallet.

Happy mining.

Wow, tokyoghetto thank you for your offer and suggestions.

In regards to HYPER's health the net hashrate is actually looking quite good and it has certainly not plummeted dramatically

Your proposal to manage the Market Stabilization Fund is something we are definitely interested in, as you are a professional and it will free up our core team to focus on developing the space based MMO and marketing.

The only thing I am unsure of is how the Cryptostocks listing will ultimately help stabilize / grow the exchange rate value of HYPER - which is the funds primary purpose.

Could you please send me your proposal via PM? We can discuss the proposal back and forth before presenting it to the community in its finished form. Also please be aware that I cannot promise anything at this stage, but hopefully we can work something out. The funds primary goal is to stabilize / increase the value of HYPER, rather than paying out dividends from Cryptostocks in BTC which I see as siphoning off value from the HYPER ecosystem. The dividends the fund "pays" should be the increase and stabilization of HYPER value for all holders of the coin. Any investment the fund has which earns BTC should use ALL of the earned BTC to purchase more HYPER for the fund and to help with the value of HYPER on exchanges.

Please send me a PM with your proposal explained in terms of how it will support / increase HYPER value and we are definitely considering your proposal.

I want everyone here to know we are open to suggestions and we are serious about HYPER becoming a viable currency so we can build our MMO and provide value to all stakeholders.

Thanks again

HYPERfuture