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The lesser POC coins: BHD and LHD

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Does anyone have an opinion about BHD or LHD?  These coins are essentially free to mine if you are already mining SIGNA using a process called "multimining".  But these coins seem to have no purpose beyond storing capital and "staking" to increase mining capacity.  

It is still possible to trade them on various exchanges.  So they have value.  But I suspect the only people buying are miners in need of a larger stake.  How can there possibly be any future for BHD and LHD?

Thoughts?

Linkback: https://www.forex.zone/coins-and-tokens/20/the-lesser-poc-coins-bhd-and-lhd/3520/
#1 - August 25, 2021, 12:53:27 PM

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I think death awaits them. This is a signal that the complexity of BHD has doubled, but the price has remained unchanged.



#2 - October 18, 2021, 06:10:42 PM
« Last Edit: October 18, 2021, 06:21:13 PM by Admin »

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Probably so.  A slow and draw out death though.  
#3 - October 18, 2021, 11:12:27 PM

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Of course "halvings" (reward reductions) of cryptocurrencies are never intended to increase the asset price.  They are intended to reduce saturation to control overall asset inflation.  And it would be very unexpected to see a price increase at the time of a halving.  This because the halving points of the algorithm is publicized well in advance and thus are "baked into" the price already.  So the current price of BHD, around 1.34 USD, should have already taken into account the recent halving. 
#4 - October 19, 2021, 12:39:28 PM

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LHD has been delisted by BitMart. This appears to be the end of LHD. 

https://www.coinopsy.com/dead-coins/litecoin-hd/
#5 - November 16, 2021, 12:03:43 PM

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I will continue to mine this for as long as my pool allows it.  I have no idea what I will ever do with my unsold LHD.
#6 - November 16, 2021, 03:26:21 PM

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how to mine? please explain
#7 - November 17, 2021, 03:21:34 AM

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LHD is mined using a proof of capacity algorithm.  You just need an LHD wallet, a plotter, and a miner.  You can mine SIGNA, BHD and LHD using the same plots.  But LHD is going away fast so I would not bother with it. 

All use the same hard disk plots that SIGNUM (aka BURST) uses.  You first plot your free hard disk space with hashes and run the miner.  You can plot using BTDEX or Turbo plotter. 


I personally mine using "blagominer" but not many use that old program.  Foxyproxy is more typically used for multi mining more than one coin using the same plots.

As I said, I will be mining only SIGNA and BHD soon.  LHD is dead.
#8 - November 17, 2021, 02:05:03 PM

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I think the time has come for me to stop mining LHD.  There is simply nowhere left to exchange it.  
RIP LHD.
#9 - November 22, 2021, 02:31:48 PM

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Some good news for people who want to exchange BHD for SIGNA!  BTFG has issued a SIGNUM wrapped token that allows people to exchange BHD and SIGNA.  The process is partially manual but this sounds like it could work. 

BTGF's post (on Github):

TOKEN ID: 9174960608884472993
Total Tokens: 21,000,000
Established: 951953 (Nov 23, 2021)
SWBHD ACCOUNT ? S-UZDG-739R-NCSA-BHDSW
BHD ACCOUNT ? 3G8AvzjojsXJ7Dka1F8itQneGM6jZRTYcV

Many people are wanting a way to convert their BitcoinHD to Signa to help with their on-chain endeavors. Others are wanting to buy BHD with their signa to add more pledges for their dual mining. But there is exactly 0 exchanges that let you do this easily Introducing the Signa Wrapped BHD Token. These tokens are pegged at 1 SWBHD = 1 BHD, making it the perfect vehicle for the trade. All circulating SWBHD Tokens (That is, those not held by the SWBHD Account) will be 100% backed by BHD. There is no fees for wrapping or unwrapping, but we reserve the right to pledge the BHD to get a residual income to help pay for tx fees and other expenses. At the moment, wrapping and unwrapping of the BHD is a manual process, but we are looking into ways to automate it. For now, you can join our discord at https://lmsi.club/discord to arrange for wrapping and unwrapping. The accounts used are linked above so anyone can verify the backing at any time. Put your hard drive to work.

The lesser POC coins: BHD and LHD in Coins & Tokens_swbhd
#10 - November 23, 2021, 01:50:45 PM

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These notes make this sound easy.  I have not made an exchange using wrapped tokens before.  BHD to SIGNA will likely be my first attempt.  

Code: [Select]
Notes for potential SWBHD Automation - requires everyone to bind their address to a pool, even if they dont mine. This is for using the pool binding to verify ownership of Signa and BHD account

1: From SWBHD to BHD is easy, as a person sends SWBHD to the Signa account.  A script uses API to get the numeric ID of the account, and then parses the btchd explorer website to get the linked BHD address. Saved in database for manual execution of funds transfer

2: From BHD to SWBHD requires a person to input both in a form their bhd address, the txid, and their Numeric ID. Pars of the btchd explorer verifies the information, then checks to see if that transaction has been paid out according to the database. if not, api transfers tokens (if possible) Limited window of 1 hour to put in a claim, after that requires manual verification.


#11 - November 23, 2021, 02:36:54 PM

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I made a small "test" transaction using wrapped BHD to see how I can sell BHD for SIGNA.  It all worked as promised.  If anyone is interested, these are the steps I followed:

==========
11/23/2021
Selling BHD for SIGNA using BTFG's Wrapped BHD method:
1.) I withdrew points (to Foxypool) for 7.62936125 BHD.
2.) I sent 7 BHD to 3G8AvzjojsXJ7Dka1F8itQneGM6jZRTYcV (BTFG's BHD Wrapper account for SWBHD)
   Date: 11/23/2021 15:30
   Debit: -7.00000000 BHD
   Transaction fee: -0.00014200 BHD
   Net amount: -7.00014200 BHD
   Transaction ID: e3677f8fe6b807b1692cdb483a1d10d2afb35c9178d5a77c50ee831d30a1b7d4
3.) I DM'ed BTFG in Discord with the following message:
   I sent 7 BHD to 3G8AvzjojsXJ7Dka1F8itQneGM6jZRTYcV to be converted to SWBHD.  Tx ID:   
   e3677f8fe6b807b1692cdb483a1d10d2afb35c9178d5a77c50ee831d30a1b7d4.  My SIGNUM address is
   S-UAUP-37NN-K8KZ-ENMGV
4.) Received 7 SWBHD tokens (SIGNUM Token ID: 9174960608884472993)
   Tx ID: 12670146542401259994.
5.) Took swap offer on BTDEX to sell 7 SWBHD for 114 SIGNA each for a total of 794 SIGNA.
6.) Recevied 798 SIGNA!
 
#12 - November 23, 2021, 08:48:11 PM

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BHD price continues to fall.  This drop is more significant than other cryptocurrencies falling more generally.

For anyone the dual mines SIGNA and BHD, this might be of interest.

2021-12-06 17:57:04.386567
BHD = 0.536881 USD
SIGNA = 0.00807507 USD
BHD/SIGNA = 66.48623479424947

#13 - December 06, 2021, 11:02:31 PM

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Some details on the Bitmart hack.
#14 - December 07, 2021, 02:02:53 PM
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Bitmart hack news. I'm not sure this is the villain who did it. I remember a similar case that happened to the livecoin site. I think this is just news to eliminate the traces of the site owner's own crimes.
#15 - December 07, 2021, 05:12:53 PM

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