Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 167. (Read 946654 times)

Quote from: bumface on May 07, 2014, 04:43:08 PM

ZeusMiner will begin shipping out its first 500 Scrypt-Asics on May, 20th.
http://zeusminer.com/2014/05/07/progress-update-20140507/

Maybe there's already the reason for UTC's existance. Now we need to convince all GPU miners to switch to us.. Wink

could we make that #1 priory for the community to do. Tell the miners to move to UTC. Where are the best places to do this? Could we buy ad space on coinwarz etc etc or chat in mining forums? I will do my best to help. These miners looking at migrating are essential for UTC to rise into coinmarketcap top 10

You can start by voting this reddit comment here up:
http://www.reddit.com/r/litecoin/comments/24w3yq/the_litecoin_network_hashrate_will_top_1ths/chc2bx0

Quote

The future of GPU miners lies clearly in asic-resistant Scrypt-Chacha coins like Ultracoin (UTC). Those will rise when ASICS begin to mine Scrypt coins. http://www.ultracoin.net/aboututc.html

done!

3r197

hero member

Activity: 732

Merit: 500

Quote from: barbados-fs on May 07, 2014, 04:16:19 PM

the short answer is : the memory requirement is to high.

Ultracoin and X11 are amongst the few coins that are asic resistant.many miners will have to stop mining LTC and other popular scrypt coins soon, we will catch the fallout hopefully

Judging by the fact that all popular algorithms sooner or later produced ASIC to release them under the script chacha matter of time.

there are not enough chacha coins to justify a 10 million dollar asic developement investment, we will just have to make Ultracoin 100 dollar to justify it Cheesy

Awesome, you have me on cloud 9 right now. This should be a sign to new investors, you truly are trying to create and protect this coin and it's investors!!
You guys rock!!
https://www.youtube.com/watch?v=4_5blMi0ve4

3r197

hero member

Activity: 732

Merit: 500

Quote from: barbados-fs on May 07, 2014, 04:16:19 PM

Can anyone (preferable bumface) explain to me why this Flowertech Scrypt-N Miner isn't capable of mining UTC?
I need some tech facts / good background information about it, because I want to contact coindesk and ask them to write an article about the future of GPU mining..

the short answer is : the memory requirement is to high.

Ultracoin and X11 are amongst the few coins that are asic resistant.many miners will have to stop mining LTC and other popular scrypt coins soon, we will catch the fallout hopefully

So the word of the day is "migration". Learn it well. It's coming....

bumface

hero member

Activity: 728

Merit: 501

Quote from: barbados-fs on May 07, 2014, 04:16:19 PM

the short answer is : the memory requirement is to high.

Ultracoin and X11 are amongst the few coins that are asic resistant.many miners will have to stop mining LTC and other popular scrypt coins soon, we will catch the fallout hopefully

Judging by the fact that all popular algorithms sooner or later produced ASIC to release them under the script chacha matter of time.

there are not enough chacha coins to justify a 10 million dollar asic developement investment, we will just have to make Ultracoin 100 dollar to justify it Cheesy

ivanlabrie

hero member

Activity: 812

Merit: 1000

the short answer is : the memory requirement is to high.

Ultracoin and X11 are amongst the few coins that are asic resistant.many miners will have to stop mining LTC and other popular scrypt coins soon, we will catch the fallout hopefully

Judging by the fact that all popular algorithms sooner or later produced ASIC to release them under the script chacha matter of time.

But utc and yac, amongst others keep changing the n factor, neutralizing ASICs built to mine lower n factors, faster than they can adapt, profitably.
That's why you don't slow down n factor changes.

barbados-fs

hero member

Activity: 837

Merit: 505

the short answer is : the memory requirement is to high.

Ultracoin and X11 are amongst the few coins that are asic resistant.many miners will have to stop mining LTC and other popular scrypt coins soon, we will catch the fallout hopefully

Judging by the fact that all popular algorithms sooner or later produced ASIC to release them under the script chacha matter of time.

Grinny

sr. member

Activity: 390

Merit: 250

Can anyone (preferable bumface) explain to me why this Flowertech Scrypt-N Miner isn't capable of mining UTC?
I need some tech facts / good background information about it, because I want to contact coindesk and ask them to write an article about the future of GPU mining..

the short answer is : the memory requirement is to high.

okay, thanks!

barbados-fs

hero member

Activity: 837

Merit: 505

That's funny.
Again, I decided to join the production UTC.
Went to the pool and looked at data on complexity

Current Difficulty 0.47212016
Est. Next Difficulty 0.39065575 (Change in 27 Blocks)

Including its 370kN / s and immediately saw the change on

Current Difficulty 0.47212016
Est. Next Difficulty 0.47066675 (Change in 27 Blocks)

Do my 370kN / s so will affect the future complexity?.

bumface

hero member

Activity: 728

Merit: 501

Quote from: 3r197 on May 07, 2014, 03:01:20 PM

Can anyone (preferable bumface) explain to me why this Flowertech Scrypt-N Miner isn't capable of mining UTC?
I need some tech facts / good background information about it, because I want to contact coindesk and ask them to write an article about the future of GPU mining..

the short answer is : the memory requirement is to high.

Ultracoin and X11 are amongst the few coins that are asic resistant.many miners will have to stop mining LTC and other popular scrypt coins soon, we will catch the fallout hopefully

primouno

sr. member

Activity: 251

Merit: 250

Why is this good news? No miner will mine coin that is not profitable. More miners -> more coins, more coins -> bigger supply. Who will buy all this coins when there's no demand at all? Maybe that's stupid but that is how I understand all this.

Marnie1976

sr. member

Activity: 275

Merit: 250

Quote from: bumface on May 07, 2014, 02:20:41 PM

ZeusMiner will begin shipping out its first 500 Scrypt-Asics on May, 20th.
http://zeusminer.com/2014/05/07/progress-update-20140507/

Maybe there's already the reason for UTC's existance. Now we need to convince all GPU miners to switch to us.. Wink

could we make that #1 priory for the community to do. Tell the miners to move to UTC. Where are the best places to do this? Could we buy ad space on coinwarz etc etc or chat in mining forums? I will do my best to help. These miners looking at migrating are essential for UTC to rise into coinmarketcap top 10

https://www.flowertechnology.com/wp-content/uploads/2014/04/Accouncement-29_04_14.pdf

Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scrypt
mining community. The Flower Technology ASIC is now capable of mining Scrypt-N, up to N=16384
in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded mining
options and increased versatility. Examples of Scrypt-based coins you can mine with our machines
includes
Litecoin, Dogecoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine
with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA

NOT ultracoin

Just heard on cryptsy chat...

"Musaszi375
Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scryptmining community. The Flower Technology ASIC is now capable of mining Scrypt-N, up to N=16384in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded miningoptions and increased versatility. Examples of Scrypt-based coins you can mine with our machinesincludes Litecoin, Dogecoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA, NOT ultracoin"

Awesomeness all over it!!
If only coinbase would transfer my money now, I'd be buying more!!!
This coin rock!!!

Please help ! (YES Noob question)

If I want to promote UTC about this to other people, about why this is so good news for UTC .... then what is the best I can tell them in three lines Huh

untalented

sr. member

Activity: 350

Merit: 250

Quote from: bumface on May 07, 2014, 02:20:41 PM

Can anyone (preferable bumface) explain to me why this Flowertech Scrypt-N Miner isn't capable of mining UTC?
I need some tech facts / good background information about it, because I want to contact coindesk and ask them to write an article about the future of GPU mining..

scrypt chacha is not scrypt or scrypt n-factor

Grinny

sr. member

Activity: 390

Merit: 250

Can anyone (preferable bumface) explain to me why this Flowertech Scrypt-N Miner isn't capable of mining UTC?
I need some tech facts / good background information about it, because I want to contact coindesk and ask them to write an article about the future of GPU mining..

CryptoCthulhu

full member

Activity: 143

Merit: 100

Good news for UTC, spread the word people. I'm hodling from the beginning. UTC FTW!

3r197

hero member

Activity: 732

Merit: 500

Quote from: bumface on May 07, 2014, 02:20:41 PM

ZeusMiner will begin shipping out its first 500 Scrypt-Asics on May, 20th.
http://zeusminer.com/2014/05/07/progress-update-20140507/

Maybe there's already the reason for UTC's existance. Now we need to convince all GPU miners to switch to us.. Wink

could we make that #1 priory for the community to do. Tell the miners to move to UTC. Where are the best places to do this? Could we buy ad space on coinwarz etc etc or chat in mining forums? I will do my best to help. These miners looking at migrating are essential for UTC to rise into coinmarketcap top 10

https://www.flowertechnology.com/wp-content/uploads/2014/04/Accouncement-29_04_14.pdf

Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scrypt
mining community. The Flower Technology ASIC is now capable of mining Scrypt-N, up to N=16384
in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded mining
options and increased versatility. Examples of Scrypt-based coins you can mine with our machines
includes
Litecoin, Dogecoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine
with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA

NOT ultracoin

Just heard on cryptsy chat...

"Musaszi375
Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scryptmining community. The Flower Technology ASIC is now capable of mining Scrypt-N, up to N=16384in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded miningoptions and increased versatility. Examples of Scrypt-based coins you can mine with our machinesincludes Litecoin, Dogecoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA, NOT ultracoin"

Awesomeness all over it!!
If only coinbase would transfer my money now, I'd be buying more!!!
This coin rock!!!

untalented

sr. member

Activity: 350

Merit: 250

ZeusMiner will begin shipping out its first 500 Scrypt-Asics on May, 20th.
http://zeusminer.com/2014/05/07/progress-update-20140507/

Maybe there's already the reason for UTC's existance. Now we need to convince all GPU miners to switch to us.. Wink

could we make that #1 priory for the community to do. Tell the miners to move to UTC. Where are the best places to do this? Could we buy ad space on coinwarz etc etc or chat in mining forums? I will do my best to help. These miners looking at migrating are essential for UTC to rise into coinmarketcap top 10

https://www.flowertechnology.com/wp-content/uploads/2014/04/Accouncement-29_04_14.pdf

Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scrypt
mining community. The Flower Technology ASIC is now capable of mining Scrypt-N, up to N=16384
in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded mining
options and increased versatility. Examples of Scrypt-based coins you can mine with our machines
includes
Litecoin, Dogecoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine
with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA

NOT ultracoin

You made really smart choose with this algorithm for future in UTC

And i think you really like green Michael Grin

ivanlabrie

hero member

Activity: 812

Merit: 1000

Yup, you'd need a scrypt-chacha purpose built ASIC for that...just add lookup-gap to halve memory requirements and voila, scrypt-n asic. (and 1/4 the normal scrypt performance)
But it needs to be built from the ground up with that feature, I'm not sure about that, sounds more like a scam.

bumface

hero member

Activity: 728

Merit: 501