HOdlcoin (HODL) Getting Ready For Another Hardfork

4 May
2017

Last year we were actively following the development of the HOdlcoin (HODL) project up until there was a hardfork that essentially killed our interest in the coin. The Hardfork to version 2.0 introduced the rule that all new mined coins will automatically be staked for 1 year and also made obsolete the need of mining pools. As a result not only we lost interest, but many users that deemed the project interesting also did and from there on things pretty much started moving on a downwards spiral. Fortunately recently there was a decision for a new hardfork in order to bring back the regular mining as it was before the weird decision from the previous hardfork.

In order to get ready for the upcoming hardfork you need to upgrade to the latest HOdlcoin Core wallet version 3.0 before the network reaches a block height of 257000 when the hardfork will be activated. There is still some time left before the hardfork as the current block is 244607 and you can track how things progress via the official HODL blockchain explorer. The new wallet comes with some long awaited improvements such as tables sorting of the deposits, improved mining performance and some bugfixes.

Up until recently HOdlcoin (HODL) was only traded on the Yobit Exchange, though after the announcement for the upcoming hardfork there is a new altcoin exchange on board as well – Coinexchange. There is still only one HOdlcoin Mining Pool available by Optiminer, though we might be seeing some more getting back on board after the hardfork. The latest best performing miner for HODL is the Hodlminer Optimized Optiminer fork that you can use to mine on the only available pool. Do note that before the hardfork hits all mined coins (solo or on the pool) will still be held for a 1 year term deposit in your wallet before becoming available.

The big question now is if HOdlcoin (HODL) can recover and bring back sufficient user interest after the hardfork including miners. Currently the available hashrate on the Optiminer mining pool is about 20000 H/s with just about 35 miners. The biggest problem in bringing back user interest lies in the concept that the coin initially had with high interest rates on deposits and bonuses as these are already pretty low compared to the levels they were at last year. Still we are going to be keeping an eye on HODL to see how things will develop after the hardfork…



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6 Responses to HOdlcoin (HODL) Getting Ready For Another Hardfork

jojo

May 4th, 2017 at 22:27

Things look promising. HOdl is back on right track. Price is rising, interest is growing. Let’s see…

fin

May 5th, 2017 at 03:38

DO NOT TRADE ON YOBIT! wallet is maint-locked and we do NOT know when or if it will be opened up. come to the slack channel if you need help, but the current [unfortunate] only workaround that we know of is to liquidate HODL at yobit into btc and move it to coinexchange.io. it sucks but the likelihood of them fixing the current v2.0 wallet AND then successfully transitioning to v3.0 is slim to none.

Anonymous

May 5th, 2017 at 04:04

Glad to see this get back off the ground… Never should have forked to forced HODL in the first place. :(

zzz

May 5th, 2017 at 13:36

Very good news : new wallet, back to original mining rule, new exchanges, good bulish crypto market … good luck to all HODLers.
There is real potential with this coin’s concept, the time will tell us.

coinstash

May 5th, 2017 at 17:25

HOdlcoin has been through its “Long Dark Teatime of the Soul” and is ready to embrace year two with gusto.

Keep on HOdling!

shubbbb

May 12th, 2017 at 14:20

I really liked the concept of this coin, hope it is gonna bounce back

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