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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 28/05/2014, 17:24:35 UTC
So... What are we going to build? Anyone have any ideas? I mean a few guys running around in the Ann thread is great and all, but I think we'll need to do more than a $20 trivia giveaway to revive this coin.

I saw that gpools wanted anon, and I'm all for that, but IDK if Kekkak is open to that kind of code modifications. Anything else we could do? Someone want to strike a deal with an African payment system? Smiley
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 23/05/2014, 18:29:26 UTC
@Mumbly

Looks like the @HeavycoinNews bot is at it again...

Quote
Myriadcoin still having bugs with difficulty adjustments:

https://bitcointalk.org/index.php?topic=483515.msg6896681#msg6896681

Next heavycoin? Sure hope not.

Gotta love bots!
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 10/05/2014, 00:13:07 UTC
@Mumbly

I don't know if this is something like what you're looking for, but I did a mining guide write up a while back.

https://bitcointalk.org/index.php?topic=542962

Hope that helps!

Nice man - I'm going to try this out with someone this weekend and see how they do. Perfect - thanks for sharing solutions

The guide doesn't explain how to solo mine.

Cheers!.

If you are a person with a farm big enough to solo mine and actually profit, I would think you wouldn't need a guide...
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 08/05/2014, 23:49:54 UTC
@Mumbly

I don't know if this is something like what you're looking for, but I did a mining guide write up a while back.

https://bitcointalk.org/index.php?topic=542962

Hope that helps!
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Topic
Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 07/05/2014, 18:24:39 UTC
Two things,

For the technical aspects, I've got a heavycoin hardware comparison wiki going at http://heavycoin.wikia.com/wiki/Hardware_Comparison that might be useful when comparing efficiency and wattages. I think we have a real advantage with nVidia cards for HVC.

Second, the @HeavycoinNews feed is just... Broken. Getting spammed in the most annoying ways. It needs someone actively watching it.

Good luck giving HVC a second wind!

Dude - thank you

I'm reading at the moment, and if you don't mind I may have some questions for you.

On the twitter front, I agree, @bufbvr's re-tweets were a... problem...

Sure, feel free to PM me anytime.

I'm all for having a news bot, but the bot retweeted everything. Good news, bad news, trolling, everything. IDK how we'd fix that, so I think it might be better to use it as an announcement/update avenue?
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 07/05/2014, 16:32:04 UTC

To present this to journalists, the more information we can give them up front is going to make their life easier = more likely to get covered. So we've got to do the leg work to provide them with information so they can vet it themselves and, if accurate, report on it as they see fit.


Please feel free to share:

- any technical info I should be reading to back up this story

- Miners out there - any quotes or personal anecdotes you could share about how mining heavycoin vs other alts has been for you?

- are there any GPU mining equipment suggestions anyone would like to recommend (brand X is better then brand Y etc)

- what's the best HVC GPU mining guide out there for new miners?

- any other arguments that should be included?


I don't want to do anything as vulgar as a press release, just a detailed summary to cut down on their leg work so they can ask questions and verify information, but not have to dig up the entire story themselves.


Next question is: who should we be sending this information to - what are the best mining blogs/podcasts/sites?

My personal goal is to reach out to John @ the Sovereign Bitcoin Podcast (http://www.sovereignbtc.com/) - I enjoy his podcast and he's started a mining segment over the last few episodes that might be a good fit for this story.


Item 2
Heavycoin twitter feed - I'd love to get everyone's thoughts here.

I'd like to make sure that the @Heavycoin and @Heavycoinnews feeds are both useful and have their own task that they solve, I would like to suggest:

@Heavycoin = Important information the heavycoin community needs to know (software updates, major developments)

@HeavycoinNews = for the more engaged members of the community (interesting posts, when TheRealSteve posts updated stats, market movements, re-tweet interesting commentary from the wider crypto community)

What do you guys think?

Two things,

For the technical aspects, I've got a heavycoin hardware comparison wiki going at http://heavycoin.wikia.com/wiki/Hardware_Comparison that might be useful when comparing efficiency and wattages. I think we have a real advantage with nVidia cards for HVC.

Second, the @HeavycoinNews feed is just... Broken. Getting spammed in the most annoying ways. It needs someone actively watching it.

Good luck giving HVC a second wind!
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 17/04/2014, 06:22:35 UTC

Here's a tip.  I'm in the same boat as you all. Lots of wasted time and lots of wasted opportunity where we all could have been generating better revenue mining other ALTs.

Keep your ears open for Maxwell Coin.  Not much talk about it yet but I know the development team personally. Interesting ideas coming together. Will be based around NVIDIAs new Maxwell Architecture, but also mineable by CPU at modest profit/block rewards. Not much else I can say, just keep a look out. Follow my twitter below I'll announce more when I know more and am allowed to.

Good luck till then friends.

Oh, neat! Any idea when they'll ANN? And any idea if it will work well for older nvidia cards? Otherwise it seems like it'll be crazy exclusive Tongue

Coins that focus just on the mining algorithm are dead from the start.

It's not the miners that dictate the price anymore.

It's the hype , the traders , the actual use of a coin.

this whole struggle on finding new algos is a waste of time.

Hence the trouble MYR is having.
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 17/04/2014, 05:01:47 UTC

Here's a tip.  I'm in the same boat as you all. Lots of wasted time and lots of wasted opportunity where we all could have been generating better revenue mining other ALTs.

Keep your ears open for Maxwell Coin.  Not much talk about it yet but I know the development team personally. Interesting ideas coming together. Will be based around NVIDIAs new Maxwell Architecture, but also mineable by CPU at modest profit/block rewards. Not much else I can say, just keep a look out. Follow my twitter below I'll announce more when I know more and am allowed to.

Good luck till then friends.

Oh, neat! Any idea when they'll ANN? And any idea if it will work well for older nvidia cards? Otherwise it seems like it'll be crazy exclusive Tongue
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 16/04/2014, 17:21:38 UTC
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.
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Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
by
Wenzel745
on 16/04/2014, 06:41:38 UTC
edit: Are there plans to add cpu coins to the pool? I realize they're not really profitable. But it's much easier to set up a cpu mining program (basically just needs threads) and would be better for introducing noobies.
Yeah, the addition of CPU mining coins would be great. I got several Xeon E3 1240v3 mostly idling around, letting them work with scrypt cpu miner would be nonsense if i am not wrong. Or did that thing improve?

You are not wrong... on a good day you'd get the same hashrate as a $200 GPU and spend 5X the power to get it. Cheesy

EDIT - from ALL of them I mean... a single Xeon wouldn't come close to a $200 GPU. Smiley
yip, that's what i thought, thanks for confirming. Didn't follow the development of CPU scrypt recently, but (being professional coder myself) i do not see too much potential for improvement there. Algorythmn must be designed for "CPU only" to make sense...

Multipool with e.g. MemoryCoin could make sense, that is said to be still profitable with CPU mining iirc.

Would have to be more than just Memory Coin... It has about 2-3BTCs of daily volume.
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Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 14/04/2014, 18:42:35 UTC
no more support. Dev not here.

I totally understand that you are disappointed right now...  but please try to find the patience AT LEAST until the next update...  we already know that the devs are working on an update of the client...  hopefully they had time to work on other things too.

I understand that the dev is working on a new client and trying to get articles, but it does seem a bit off that he can't get more done/update once a day. The devs took over $100K in the IPO. It hasn't been used to set a floor, it hasn't been used to boost the coin. If they have all that money, they should be spending all their work time on the coin. If the community feels shaken, they should be helping to chill it out.

I think Kekkak is brilliant, and this coin has potential. But there are things that need to be changed if we want this coin to survive.
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 14/04/2014, 05:29:58 UTC
Name:   keccak512
Posts:   351
Activity:   126
Position:   Full Member
Date Registered:   May 19, 2013, 10:44:28 PM
Last Active:   April 11, 2014, 08:25:25 AM
 Embarrassed

Haha Kekkak is gonna show up like "Jesus shit you guys! Everytime I leave you guys start talking crazy shit!"
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Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 13/04/2014, 19:10:47 UTC
a little word to you all, the reason for the success of blackcoin and the likes is because people don't put their orders above for a lazy profit. It dissuades the market makes it top heavy and makes you wait longer / never until cashing that. You see 100s of smart asses buy up and put a double up sell down oblivious to the fact when that happens the market will shake.

TAKE OFF THE HIGH SELLS PLEASE.

blackcoins multipool helps a lot, that's one of the reasons their price is doing so well.

BC Multipool only buys between 50-100BTC/day based on Twitter. Driving force on their price is strong community involvement, CoinKite adoption, PoS model, etc.

I would argue that in this current climate of tumbling coin prices that their multipool, by creating buy support, has essentially made their coin stand out as one which is bucking the downward trend, this in turn has attracted investors and those who feel its a safe store of value while everything else decreases.

The question for us then, would be why would miners mine on an HVC multipool if BC already has that niche filled? An HVC multipool would lose the efficiency of Hefty1, and decreases the network hashrate. If we go PoS, sure, multipool would be great. But buy support for a weaker network doesn't seem like it's a great idea.
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 13/04/2014, 17:49:52 UTC
a little word to you all, the reason for the success of blackcoin and the likes is because people don't put their orders above for a lazy profit. It dissuades the market makes it top heavy and makes you wait longer / never until cashing that. You see 100s of smart asses buy up and put a double up sell down oblivious to the fact when that happens the market will shake.

TAKE OFF THE HIGH SELLS PLEASE.

blackcoins multipool helps a lot, that's one of the reasons their price is doing so well.

BC Multipool only buys between 50-100BTC/day based on Twitter. Driving force on their price is strong community involvement, CoinKite adoption, PoS model, etc.
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 13/04/2014, 17:48:09 UTC

 If we send miners off to a multipool, we become open for an attack.

Not saying i support a multipool right now but I see no more risk than what will be presented in the sustain phase, in fact less risk now than later.

How about we do, as KrazyKrypto is getting at, some community outreach and look at making some REAL WORLD APPLICATIONS. A community looking only for profit isn't going anywhere.

Agreed. But....

The current concern is that sustain phase is coming very quickly and in the current design sustain is very open to network attack if people bail during said phase (granted speculation). But for people not to bail HVC has to increase in value considerable to keep miners mining (securing the network). It is naive to think miners will mine at a loss just to support the coin during the sustain phase. Im not suggesting things be changed immediately but I do think a plan has to be made and ready to be implemented if the scenario plays out as such. Who will invest jump on board (merchants) with HVC if there is a logical foreseeable security issue with the final stage?

BTW a multipool would be good if HVC went POS for sustain phase.  Grin

I agree, we need to go PoS for sustain if we want to be relevant. All I'm saying is that if we start a multipool, we significantly damage the hashrate of the HVC network. Not to mention, every coin is looking at starting multipools... Maybe the Altpocalypse is starting? Death by multipools?

What I'm getting at is, at least as long as we're PoW, the best way to up the price is to get wider adoption and lower the vote. If we can convince Kekkak to make final phase PoS then certainly, we should get a multipool then.
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 13/04/2014, 16:15:41 UTC
MULTIPOOLS ARE NOT INTENDED FOR PoW COINS

Seriously guys. PoS coins don't need miners to maintain the blockchain. PoW does. If we send miners off to a multipool, we become open for an attack. How about we do, as KrazyKrypto is getting at, some community outreach and look at making some REAL WORLD APPLICATIONS. A community looking only for profit isn't going anywhere.
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Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 12/04/2014, 23:13:14 UTC
For people looking to create a multipool (which, for the record, I do not agree with) here's what Faircoin is doing: http://fair-coin.info/multipool

They seem to be working with WafflePool to create a multipool system and then buying FC with the profits, distributing the profits to the faircoin addresses. Not sure what needs to be done for HVC to get that sort of deal. Might need to work something out with the Wafflepool admins.

Actually, looks like they're just using a BTC wallet database sorta deal. Pretty simple to program actually. Worth nothing though, if the network drops too low, then someone with a hashrate like GPools could single handedly launch a 51% attack... So I recommend any multipool efforts change the method a bit so we redirect at least 25-50% of hashrate to HVC.
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 12/04/2014, 23:08:32 UTC
For people looking to create a multipool (which, for the record, I do not agree with) here's what Faircoin is doing: http://fair-coin.info/multipool

They seem to be working with WafflePool to create a multipool system and then buying FC with the profits, distributing the profits to the faircoin addresses. Not sure what needs to be done for HVC to get that sort of deal. Might need to work something out with the Wafflepool admins.
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 09/04/2014, 15:26:40 UTC
Also worth noting @Cayars Quark and Blackcoin both were mined 90% and 100% within a few weeks of launch and are doing fine. So if we can pull of the publicity I think that's how the sustain phase would actually work.
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Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
Wenzel745
on 09/04/2014, 15:25:08 UTC
How do you plan on addressing what I called the "suicide" phase?

We don't plan to address it because we do not share your doomsday opinion.

Like it or not, the current mint rate is what has been voted for.  Also, we do not believe a steep decline in the block reward (if that happens) would necessarily be bad.  A low block reward could detract some miners, but an exhausted supply could also put upward pressure on the price, which would serve to attract miners.  No one can predict the future.  There are some very successful altcoins, most notably Quark, that have undergone sharp drops in mining reward.  Our view is that this factor alone does not determine the future of a coin.  However, miners are free to adjust their votes according to their beliefs.

Wrt. temporal retargeting we conducted large-scale tests and found that it works very well.  We had a look at the timewarp exploit and fix.  As far as we know time-warp does not impact Heavycoin.  We use completely different code in this section.  This does not mean that there could not be an exploit one day, but if there were, it's not the end of the world because software can be updated and further improved.
Your "exhausted supplu" will be with 90% off coins mined just 4-5 months since lunch..i dont see who is that exhausted supplu ..you missing biggest oportunitu for alt coin and that is when great army of GPY miners redirect from litecoin..coin that atract that miners will be biggest alt coin...there are now gpy worth tens of milions of $ that are mining..coin that will have them will have huge invesments ..but this coin even it ahs most gpy friendly alg going for "we dont need miners" and security will be 0

The problem with the flood of GPU miners is that if they start mining at 200-600 coins/block when it drops they'll likely leave. If we can get some wider adoption (and thanks Kekkak for working on articles!) and the price does rise I don't think we'll have a big issue. The only thing that concerns me is the "network theory" that all alts, or at least most, will die and only a few will survive. I think HVC does have what it takes technically, but we need a much bigger market cap.