Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 108. (Read 946654 times)

HEY FRIENDS COMES A GREAT ADVERT

Position   Coin   Name   Votes   Percentage of Votes

1st   GRS   Groestlcoin   94   18%
2nd   UTC   Ultracoin   92   17%   

Need some more votes quick - Ultracoin going up steady but Groestl going up faster.

https://www.coinpayments.net/vote


https://www.coinpayments.net/vote-thanks

This is why UTC is dead and will continue to be, your community is full only of trolls trolling on other coins instead of working for utc..

sad coin,
sad community,
sad price

Well, N-factor increases were implemented to make the coin ASIC resistant.  However, scrypt ASIC isn't proliferating as fast as the Devs had originally predicted.  So now we have an unnecessarily high N-factor.  One which makes configuring mining hardware very difficult, even for miners who have been mining UTC since day one.

I'll agree that one could argue cutting the block reward was a poor decision and is probably a large part of why many miners left (who wants to have their mining reward cut by 70%?) but hind-site is 20/20.  BUT, we can't keep driving 100 mph in the wrong direction.  High N-factor is a barrier-to-entry for a lot of potential miners because A) it's hard to properly configure hardware B) they don't realize the low hashrates are normal/don't know what normal for their setup should be and C) it's inconsistent; they will have to rework everything in around 1-2 months.  I agree that constant changes appear as though we are manipulating the coin, almost like the Fed manipulates the USD supply.  We don't want to just throw stuff at the wall and see what sticks, but we DO need to find the right balance and track for this coin, and soon.  And when we do, we will let it grow on its own from then on.

Good info for the many idiots calling me a troll on here. Karma beatings will continue until they learn.

But see, I personally would never invest in a coin when stakeholders are trying to "investigate the N-factor scheme". What exactly is wrong with it now? If it is profitable for CERTAIN miners, why change it to be profitable for other certain miners??? Is the plan to keep the NFactor low until asics become an issue and then change it as needed? Do you understand how this manipulation destroys the coin? Did you see my quote from SunnyKing? There would have to be intelligent rationale for changing something, which most people have no idea how it works to begin with anyway. There was absolutely no intelligence behind reducing the reward, which has set a dangerous precedent of following through with bad decisions... bumface actually thought that reducing the reward by a factor of 3 would increase the price by a factor of 3, seriously.

I am in pm contact with dcgirl.
We are talking about several things now.

Only if dcgirl allows me then I will write some about our pm contact...
So have patient please... 

I totally understand, but believe me, you only need to change 2 values. -TC to --buffer-size and -Intensity to -R.
Positive aspect is that you can tweak intensity as you wish, without big jumps.

On Crypsty this evening DCGirl all but said she has left unless BIG changes are made. How can the Ultracoin Board let this happen? You only restructured the team 2 weeks ago.

From what I can guess DCGirl and the XWEB guy are doing ALOT for nothing and others are not pulling their weight with the workload.

OK, So the big question to the UTC team is - WHY IS DCGIRL LEAVING?

Something tells me she doesn't want to leave...

Im using ultra coin miner  - don't really want to change to be honest

Bump

I suggest you get YACminer. -R 10240 -g 1 -w 128 --buffer-size 3584 --lookup-gap 6.
Btw the idea for whattomine was that if you do not know the hashrate, you just multiply the start value by the same increase on scrypt.
Still I need to pull some extra time and add that dammned js adapt.

 

WAKE UP !!!!

WE ARE LOOSING OUR #1 POSITION

Position        Coin     Name           Votes    
1st               UTC      Ultracoin       89  
1st               GRS      Groestlcoin    89

If anyone is willing to collate then this is my current output:
4 x HIS 7970 Radeon Cards with 3GB. Three cards are getting around 19kHz (one card has a fan HW fault so only manages 13KHz). The cards are overclocked and undervolted to pull around 1KW at the wall. At current N-factor and difficulty of 0.06 I'm showing 250 UTC which gross is around $4.50

KC

ill be back cheerleading UTC again soon im busy killing CINNI at the moment

How about posting expected hash rates (range) that a given GPU can expect to get.  Should be posted on the announcement page.
I doubt that many non-utc miners know what hash rate to enter in the block for Whattomine.com for Chacha (Nf13).

I'm making more UTC/day now, with less hardware, at N-factor 13 than I was at N-factor 11.  Difficulty drops at each N-factor due to the decrease in hashrate which makes it very difficult to gauge the long-term trend in difficulty over several N-factor changes.  But as I said, I'm making more coin with less hardware than two months ago.  The only way this is possible is if less hardware is on the network (fewer miners/fewer dedicated rigs).  Since I generate more coins, I can sell them cheaper and net the same profit as two months ago.  It's supply/demand economics in it's most basic form.  Price wasn't higher two months ago because N-factor was lower (although that made it easier to config hardware, which is another, yet related issue).  Price was higher two months ago because there were more miners dividing up the same coin supply (actually more since reward was still 50 UTC/block).  Less coin per miner meant they sold at higher prices.

Profitability is still a great marketing point for this coin.  And there are several areas where we can position ourselves to win over new miners:

*Continue providing better tools for configuring mining hardware such as the configgen page.
*Continue to investigate changing N-factor scheme to make mining consistent and user-friendly
*Develop tools and market to Nvidia miners.  I'm mining on 750ti's and they are loads easier to configure than my AMD cards are WAY more efficient.  Look for a big market of miners to arise when new Maxwell GPUs are released later this year/early 2015.
*Shorten POS - obvious
*Continue to position ourselves as the GPU mining alternative when scrypt ASICs push LTC/DOGE difficulty to the stratosphere (probably in 2014)
*Other thoughts?

I think UTC is going to go up soon. I tried mining X11 and I only made about 80 cents a day. Even with 6 r9 280x. It was very sad, so I went back to UTC mining. I just wanted to see how profitable it was. I saw the scrypt asics essentially destroy dogecoins. A few weeks ago doge was trading at over 100 satoshi, now its at 66. I think that miners will slowly realize that their mining options will dwindle to the scrypt-N or scrypt-chacha coins before new coin algorithms come out.

Not true fredeq! The constant manipulation will continue to take this coin lower and lower. What miners do you want to invite? How will that actually cause the price to rise? Because the price was higher when it was at NFactor 11?

I think most people here hate miners somehow which is why they dropped the block reward in the first place. I warned against it. Of course, I was ignored and shouted down because it was 'negative'.

+100 Uggle - we need lots of votes today................

And we don't need wasted time in negativity