Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
wrok
on 17/04/2014, 20:57:51 UTC

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.