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Board Announcements (Altcoins)
Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily
by
tuvokcoin
on 22/07/2014, 23:02:03 UTC
I can do graphics work as well (actually my wife is a pro). Is there a bounty? Anything specific needed? What is the purpose of the template?
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Board Announcements (Altcoins)
Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily
by
tuvokcoin
on 21/06/2014, 01:58:26 UTC
I love SaveCoin  Smiley

It's better to have long term investors getting more coins than multi-pools. (Proof of Fund - feature) This should reduce selling as there is great incentive to hold SaveCoin. It's easier to buy SaveCoin at the moment then to mine SaveCoin.  This seems like the best feature above other coins. The investors take the lead Smiley

Buy SaveCoin, live on interest Smiley

I'm glad to see your enthusiasm! The netwrok hashrate is growing too with a new pool on board! Keep it up guys!

Like the tag line.. Buy SaveCoin, live on interest
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Board Announcements (Altcoins)
Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation
by
tuvokcoin
on 20/06/2014, 20:44:13 UTC
Multipools?  Is anyone even still mining this coin?  It's value is 100 Satoshi thanks in part to me keeping it there from getting any lower.  I have buy walls up on multiple exchanges at 100 Satoshi so the whole thing doesn't completely collapse and get delisted everywhere.  Though I'm not going to do that forever.

Whether you mine 250 coins a block or 400 coins a block, they are still worthless.  Nobody is going to mine it.

First, for the past month or so, there were only two X11 coin worth mining, Dark and Hiro. When Dark became increasingly difficult, they were mining Hiro and dumping, creating an oversupply. There weren't enough guys like you so the price plummeted. However, if the price starts to recover and Hiro is remotely profitable to mine, the multi-pools will be back to do the exact same thing.

Second, some miners like me take a long view of the coin. I'm not mining for the current price; I'm mining for the future price of a coin I believe in. I consider the coin highly undervalued. Just like some people mined Dark for a couple months when not much was happening. These are times of testing for the coin to see if both the Dev and the community can adapt and survive. I'm in.
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Board Announcements (Altcoins)
Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily
by
tuvokcoin
on 20/06/2014, 17:50:05 UTC
SaveCoin back on top at coinwarz. Lets keep it there.

http://www.coinwarz.com/voting
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Board Announcements (Altcoins)
Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation
by
tuvokcoin
on 20/06/2014, 17:45:07 UTC
I'm happy to share with everyone the Hirocoin Roadmap for 2014!

You can view the roadmap here: HIRO Roadmap 2014

I'll be working on fixing the ANN thread to include all the new links to important information and present it in a cleaner fashion

Great roadmap and great direction for this coin. Guys, our Dev team is adapting, so lets hold on and stay more positive.  It will be interesting to see how the Dynamic Block Reward shakes out and how it effects the multi-pools.

BTW, that's a pretty aggressive Q2 list of deliverables with only 10 days left in this quarter. Is that realistic?
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Board Service Announcements (Altcoins)
Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!
by
tuvokcoin
on 20/06/2014, 03:57:21 UTC
Awesome! Thanks much.
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Board Announcements (Altcoins)
Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily
by
tuvokcoin
on 20/06/2014, 03:43:46 UTC
SaveCoin Market Cap - Follow-up

Okay, so with everybody's feedback this is what I wrote on coinmarketcap.com's bitcointalk thread:

Gliss,

The SaveCoin coin supply is not being correctly represented on coinmarketcap.com.

The coin supply listed presently, only shows the mined coins. The double asterisk indicates that the coin has been Significantly Premined, however those premined coins are not included like they are for other coins.

SaveCoin did have a premine of 20 Million coins. Of those 20 Million, 19 million are held in reserve to make daily interest payments in what is called Proof of Funds (POF). The coin pays out a .137% daily interest on every coin in circulation (except the premine). The wallet does not need to be open like POS. These coins are not technically available coin supply until paid out as interest.

The remaining 1 million premine are held by the Dev for bounties, promotions, giveaways and are fully available.

1) To accurately represent the coin's supply for the short term at least the 1 million Dev premine should be included.

2) To be even more accurate, the paid interest to date should also be included. We would be satisfied with #1 to get started until a process for #2 can be created.

3) Eliminating the 19M held in reserve for POF, makes the effective premine 5%.  In light of this, does a 5% premine still qualify as significantly premined or can this designation be removed?

Given that SaveCoin is the only POF coin, we understand the confusion.  Let me know if you have any questions or if any other information is required to make this change.

Thanks.


So Gliss agreed and has added 1 million to the available supply and removed the "significantly mined" designation.

Our new marketcap looks like this:

129    SaveCoin    $ 50,974    $ 0.046605    1,093,743 SPC    $ 1,181    +4.58 %    

Things are looking up. Suresh has created a great coin. If we work together as a community, good things will happen.

cheers,
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Board Service Announcements (Altcoins)
Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!
by
tuvokcoin
on 19/06/2014, 16:24:27 UTC

Gliss,

The SaveCoin coin supply is not being correctly represented on coinmarketcap.com.

The coin supply listed presently, only shows the mined coins. The double asterisk indicates that the coin has been Significantly Premined, however those premined coins are not included like they are for other coins.

SaveCoin did have a premine of 20 Million coins. Of those 20 Million, 19 million are held in reserve to make daily interest payments in what is called Proof of Funds (POF). The coin pays out a .137% daily interest on every coin in circulation (except the premine). The wallet does not need to be open like POS. These coins are not technically available coin supply until paid out as interest.

The remaining 1 million premine are held by the Dev for bounties, promotions, giveaways and are fully available.

1) To accurately represent the coin's supply for the short term at least the 1 million Dev premine should be included.

2) To be even more accurate, the paid interest to date should also be included. We would be satisfied with #1 to get started until a process for #2 can be created.

3) Eliminating the 19M held in reserve for POF, makes the effective premine 5%.  In light of this, does a 5% premine still qualify as significantly premined or can this designation be removed?

Given that SaveCoin is the only POF coin, we understand the confusion.  Let me know if you have any questions or if any other information is required to make this change.

Thanks.


That makes sense, I'll take a look tonight.

Any progress?
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Board Service Announcements (Altcoins)
Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!
by
tuvokcoin
on 17/06/2014, 17:41:43 UTC
Gliss,

The SaveCoin coin supply is not being correctly represented on coinmarketcap.com.

The coin supply listed presently, only shows the mined coins. The double asterisk indicates that the coin has been Significantly Premined, however those premined coins are not included like they are for other coins.

SaveCoin did have a premine of 20 Million coins. Of those 20 Million, 19 million are held in reserve to make daily interest payments in what is called Proof of Funds (POF). The coin pays out a .137% daily interest on every coin in circulation (except the premine). The wallet does not need to be open like POS. These coins are not technically available coin supply until paid out as interest.

The remaining 1 million premine are held by the Dev for bounties, promotions, giveaways and are fully available.

1) To accurately represent the coin's supply for the short term at least the 1 million Dev premine should be included.

2) To be even more accurate, the paid interest to date should also be included. We would be satisfied with #1 to get started until a process for #2 can be created.

3) Eliminating the 19M held in reserve for POF, makes the effective premine 5%.  In light of this, does a 5% premine still qualify as significantly premined or can this designation be removed?

Given that SaveCoin is the only POF coin, we understand the confusion.  Let me know if you have any questions or if any other information is required to make this change.

Thanks.
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Board Announcements (Altcoins)
Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily
by
tuvokcoin
on 17/06/2014, 01:32:13 UTC
SaveCoin's Market Cap

SaveCoin's Market Cap was briefly set today at approximately $867,000 on coinmarketcap.com. Anyone see it?

This was because they included the 20 million pre-mined coins into the available supply. Later in the day, they decided to remove the pre-mine and make the available coin supply 89,689 making our Market Cap  $5,290. This is a big difference and exposes the confusion over our coin supply.

So what is our correct available coin supply since Proof of Funds is a new concept to many?

1. 89,689 which corresponds to 1 new coin per block  = Market Cap of $5,290

2. 20,089,689 which is number 1 plus the 20 million pre-mine = Market Cap of $1,185,000.92

3. 89,689 + interest paid to date + 1 million pre-mine (since the unpaid interest is not technically available coin supply) = Market Cap of $67,349.83


I think our market cap should be accurate for future investors. I also think option #3 is the most accurate.

Anyone concur?
 
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Board Announcements (Altcoins)
Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily
by
tuvokcoin
on 16/06/2014, 20:22:27 UTC
Here's their reply.

Coin Warz 3:18 PM (0 minutes ago)      
to me

We have re-activated SaveCoin for voting and invalidated the votes that violated the voting terms. 

In regards to the invalid vote, all we can disclose is that there were well over a thousand votes that were obviously not made by a real human user.

Thanks!

CoinWarz


_________________

We're back to #3. But we are BACK, so keep voting.
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Board Announcements (Altcoins)
Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily
by
tuvokcoin
on 16/06/2014, 19:31:07 UTC
Exactly how was cheating done? do they mean people using proxies to bypass the hour limit for free votes??

Not sure. I've asked them why they suspect foul play. I'll post their response (if they choose to disclose).
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Board Announcements (Altcoins)
Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily
by
tuvokcoin
on 16/06/2014, 19:14:57 UTC
Reply from Coin Warz

Coin Warz <support@coinwarz.com> 2:12 PM (0 minutes ago)      
to me

Yes, will re-instate Savecoin once we determine which votes to invalidate.

Thanks!

CoinWarz

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Board Announcements (Altcoins)
Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily
by
tuvokcoin
on 16/06/2014, 18:30:29 UTC
I've contacted coinwarz to get us reinstated. Please lets play it straight.

Savecoin is nicely positioned for a breakout. A little more buy support and we'll be a top 50 marketcap coin, then who knows.
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Board Announcements (Altcoins)
Re: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily
by
tuvokcoin
on 16/06/2014, 16:27:01 UTC
Those are not new freshly printed coins for the interest, right?

Where can I find more info on ‘Why this interest will not dry out one day, if it is coming from some fund? ‘


https://bitcointalk.org/index.php?topic=570526.msg6545368#msg6545368

From the Savecoin FAQ http://savecoin.co/?page_id=61

 
How is it possible to be paid interest? Isn’t that just mining?

Interest payments are made from an allocated amount of SaveCoin that have pre-mined prior to public release of the SaveCoin software. This amount is 20 million SaveCoin of which 19 million will be used to pay interest which will never be available to the public and 1 million will be kept aside for use on exchanges to promote growth and stability of SaveCoin. Interest payments are not the same as mining. Mining brings new SaveCoins in to existence by using computing power meanwhile interest payments are made from allocated coins that will be paid only if you have a balance in your wallet. Interest payments do not require you to use any computer power at all and do not need you to keep your SaveCoin wallet software running as interest payments will be made regardless.

cheers.
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Board Hardware
Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio, Best $/GH/s ratio
by
tuvokcoin
on 11/06/2014, 16:44:34 UTC
Quote
If you create a file called /etc/mg_ignore_110_fcc the FW will not limit the 1100W. Note that this mode of work is not well tested by me, and can cause extreme heat in some cables. Make sure you have proper cables that match the amperage of the system. We take no responsibility of any damage done to the miner, PSU or your house if you set this flag. The PSU supports up to 14.5 Amper, so make the proper computation (and don't forget to add 10% to SP10 limit for PSU efficiency).

Can you give us some values to play with then?


You have to know the cables you have. There are 16A cables sold in stores. PSU supports 14.5A which is your limit. You have 110V.

14.5 * 110V = 1595W
PSU efficiency in 110V is ~85%, so your limit is 1595*0.85 is over 1300W, so it looks like assuming you have 16A cables you are clear to go. But if your voltage is 100V (which can happen) then you are limited more.

Just make sure you have 16A cables.

zvisha,

Maybe you shouldn't be encouraging this. The cables required need to be 20A for a continuous rating of 16A. The IEC 320 standard power cord for this rating is C19/C20 or C21/C22 connector/plug combination. However, these connectors will not fit the power supply which probably means the power supply was never intended (or tested) for 20A.
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Board Announcements (Altcoins)
Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation
by
tuvokcoin
on 05/06/2014, 22:46:07 UTC
The community can decide what to do with a common understanding of the issues. It is more complex than price. I would recommend we do a SWOT matrix to get on the same page.

http://en.wikipedia.org/wiki/SWOT_analysis

Internal Strengths
- strong and still active development team
- well designed coin with reliable operational track record

Internal Weaknesses
-interfacing with the community/lack of community influence ownership
-coin governance, direction, strategy
-profitable features that address market needs are not being identified (doesn't appear to be a roadmap)

External Threats
-price erosion through multipool dumping (oversupply)
-aggressive, active, highly motivated coin communities

External Opportunities
-many investors, and miners are not loyal so market share can be recaptured
-coin is still in its early stages so possible to hard fork without adverse market reactions (can't go much lower)
-miners "may" migrate toward cooler x11 coins

Many of you crypto-veterans may be more insightful so please add/enhance/clarify. If you can add value, it would help us all come to a consensus. At least it can help us think in a more structured way about Hiro.
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Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation
by
tuvokcoin
on 05/06/2014, 21:34:17 UTC
How does a coin protect itself from multipools then?

The only protection from multipools is a coin that does NOT decay exponentially in "reward", as more miners jump onto it. It does need to decay, but not exponentially with the exponential miners that it attracts.

The only other way around that, is to BUY what they DUMP. Since they are mining at a loss, it is a gain for you to buy them, as opposed to mining them. Multipools still have that illusion that they are "gaining", when the reality is, they are creating their own losses that they actually have. Takes people a while to realize they are losing in a multipool, except the few lazy ones who are just too stupid to realize they are being used.

P.S. No "dev" owns a coin. They may be the only ones releasing versions, but if it has no followers, and another dev releases a new version that has more followers, guess which dev-team will die-off. The one that stopped listening to the ones holding the coin, who are the "owners of the coin".

It doesn't matter who develops it. It only matters who uses it. Since devs are not the primary users, (if they are, then it is the devs coin), it is not the devs coin.

You think the devs will be around in 100 years, or 50... No, just like bitcoin and litecoin has had many many many devs. No-one owns bitcoin or litecoin.

That being said... You want this coin to go up in value, just buy some. Every coin you buy, lower than your highest coin, lowers your average that you paid. Eventually, at some point, you will have an average low enough to sell for a more reasonable price. Especially now that bitcoins is on a hike to $6000+ You get exponential rewards, if you do it right. There is no reason why Hiro can't be equally as valuable as DRK. (Not the same coin-value, as the rewards and coin-volumes are not the same.)

P.P.S. You don't buy coins at the top, to sell at the bottom... You buy coins in BULK at the bottom, to sell in BULK at the top. (Take a guess where Hiro is now, top or bottom? Hint: it's not at the top!)


These boards can be a bit frustrating. Much too much lowest common denominator thinking, baseless assumptions and truisms offered as insight. Or maybe you were just being sarcastic.
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Board Announcements (Altcoins)
Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation
by
tuvokcoin
on 05/06/2014, 19:40:10 UTC
I can understand why investors, especially the early investors, are unhappy as they've seen their investment continue to plummet. My stance on the modification of the block reward and POS implementation is that it should only be done as an absolute last resort. While it may fix the current fall in value, what happens later? We repeat the same thing again? The modification doesn't add anything to the coin other than artificially inflate the value. I can see why Joerii is against it also as it would heavily benefit any current holders of HIRO and make their current share a large percentage of the total supply of HIRO which is against the decentralization concept of cryptocurrencies.

Regarding the HiroPool, I've added an x13 port which should prove to be even more profitable than the x11 port. The previous issues with the x11 port profitability have been solved and we've paid out 200% more HIRO than if mining directly.
576,000

A little interesting market tidbit is that at the current block reward of 400 HIRO and 60s block time, we produce 24000 HIRO an hour and 576,000 HIRO a day. At the current price of roughly 150 satoshi we require only  0.864BTC to buy ALL HIRO produced daily. It really shouldn't take much to get us going in the right direction and this shows that unless multipools are responsible for dumping all HIRO produced daily they aren't of concern.

Omar,

You seem to be missing the point. The modifications I proposed at least (1/2 reward + POS) are not to artificially inflate but to prevent artificial deflation through multipool dumping. Defend the coin in some way. This is the whole point behind your own multipool -  provide buying support to counteract dumping. Is it not? I for one don't like the trend of multipool cannibalization. I would have thought Hiro would have avoided it as well. New smart coins will now all be POS with limited POW (or none at all). No problem if you disagree, as long as you see clearly the intention. Are there any other ideas to defend the coin?

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Board Announcements (Altcoins)
Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation
by
tuvokcoin
on 03/06/2014, 23:58:27 UTC
How does a coin protect itself from multipools then? Hope for a new hot coin to draw away some heat?  Xc just came online but went quickly to POS. That may be the new trend for new X11 coins, if they are paying attention.