Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 271. (Read 946650 times)

Huh? It was never mine to begin with.
My account is in my signature.  

Also, you should put your major new update post linked to the OP and on the official forum.
You should create a News & Announcements section in the official forum IMO.


That's correct. Every 280x & 7970 is pretty much identical in terms of mining configuration.

wow Go nitro , whats that 80% hash speed

man I have 0% mining Fee's and I am seriously thinking of going back to Nitro with 3% fee's just because their are no Orphans !!! half the stuff I mine gets given to Nitro any how !!!

out of 5 blocks 2 blocks I got to keep ....

Good news everyone!
And thanks Michael, for his work.
I like mostly 20coins block rewards and n-factor delay!

Now time to PUMP 

UTC is down? , its like people forgot already what we have been doing?! so il post it again

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hi guys,

As you might have heard Jacoblight arranged for him and myself to go to the swedish bitcoin conference 2014 in Stockholm,and i can tell you that it was very fruitfull,and we will doing this more often since the benefits are numerous.


We have learned new thing things and consolidated old plans into a clear path and method of action.

I will make it clear what we are going to do,how we are going to do it , and why.

But let me summarise the event first....

There were many speakers,all with a different angle on bitcoin and crypto currency.It was very refressing to attend and i am very happy that Jacob contacted btcx on his own initiative and made me aware of it.

This is exactly the type of community member that i need and that i can rely on.That is why he has been appointed as event manager as of right now ( he has been rewarded 2500 UTC for making this conference happen and as a signing bonus,Xwebnetwork and Dcgirl have also recieved UTC ammounts))

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Team UTC:

I am currently indexing and expanding the vital positions of Team UTC and the following are already clear.


Filled:

Bumface - founder/coordinator

Ziggy - secundairy coindev

Xwebnetwork - web dev.

Dcgirl - app dev

Jacoblight - Event manager


Not yet filled (recruiting)

-Primairy coindev (i wont let anybody mess with the code so this hase to be an experienced coindev with a proven trackrecord)

-Promotions manager (Invent new promotions and Team UTC will vote on it)

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What were the benefits of attending the conference?

1:Coming out of anonimity as founder

i have chosen to go and be recorded and give up my anonimity for a very specific reason,proving the already existing credibility of Ultracoin.
While there are 100`s of coins only few people come foreward as the founder ,like Charles Lee.I believe that the time has come where UTC will evolve into
a credible coin for many.IN fact we did not encounter any negative reactions from speakers,delegates or visitors of the conference.
When you dont attend these things and contact the people by email that i have now spoken to face to face,you will be regarded as spam and you will achieve nothing.
We have now given a face to the world behind UTC, as well as prove that we have nothing to hide.


2:Make new relationships for the future.

As i have just mentioned people now know the person behind Ultracoin.I have handed out many buisnesscards with out informations such as the website,email and twitter,and i have
gotten the contact information from some important people,such as

-Btcx CEO   Christian Anderson
-btcx public relations - Thomas Larsson
-Kraken COO Michael gronager
-Bitcoin foundation Executive Director - Jon Matonis
-Ursium Founder,CEO Stephan Tual
-Pirate party founder - Rick Falkvinge
-Grecom - Gregor Knafelc
-yacuna - Stanislav Wolf

Many of these people were speakers and shed light on relevant angles regarding bitcoin and crypto currency,Jacob and i were delighted to attend and i was very gratefull that i could participate in the altcoin expert panel which was also filmed and can be found under this text.

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Were there any things done or said at this time?

Yes.

-I had a chance to speak with Kraken COO Michael Gronager (who was also a panel member) and he told me one of their criteria for accepting new coins is becoming a member of the top 5 on http://coinmarketcap.com/.
I feel that exchanges of this quality and respectability can not afford to implement an unproven coin for it might damage their credibility and reputation,so this is understandable. However please note that he told me he would be keeping an eye on Ultracoin,and the future developements.

- Bitcoin foundation Executive Director Jon Matonis agreed with the strategy of Ultracoin as an arbitrage vessel because of the ultrafast confirmation time (i will  
  explain this strategy in detail below)

- Btcx CEO Christian Anderson was glad to see the person behind UTC,and got a good feeling from it.No deals have been made at this time but the chance of a future    
  partnership is realistic.
  We will maintain contact and a future partnership is a realistic possibility,however i should amphasize that their payment processor is a service for actual  
 brick&mortar retailers.Until the demand is sufficiant,it is futile to have actual physcal shops accepting UTC, since nobody knows what it is.There is a logical order of growth that every coin must abide by.

  I can already hear the voices of critics saying "so you did not make a partnership with them for the payment processor"....correct and this is not a problem in fact this  
  is in our best interest at this specific point in time.
  Lets create an imaginairy situation where they did say we will implement UTC in the payment processor,and You could pay in Swedish stores with UTC.now people
  will say "what the hell is utc", and nobody would use it,discrediting btcx.
  This can not happen,so what im saying is if there was a proper knowledge base for UTC and a matching demand it would be another story,and this is why you must
  go to events to build and maintain relationships for the future..

The new Ultracoin roadmap will facilitate a renewed demand for the coin, expanding the userbase and making the value go up.


-Team UTC has been invited to the 2014-05-15 Bitcoin Foundation Bitcoin 2014 Amsterdam, Netherlands conference.
-Team UTC has been invited to the 2014-09-01 World Bitcoin Forum 2014 Bonn, Germany conference.

At this moment as visitors,and hopefully as a speaker again.

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What is this new road map?


Strategy 1 : Arbitrage Vessel


As you all know Ultracoin is extremely fast,And we have created a new strategy as an arbitrage vessel.I will start contacting exchanges that currently carry UTC and i will request if they activate instant deposits and withdraws of UTC...
This will enable Ultracoin to become an arbitrage vessel for other coins.

For example:

litecoin is worth 10.3 USD on mintpal and 10 USD on crypto trade.(you choose which coinholding you want to expand and you have already placed LTC on the exchanges that have enabled instant UTC deposit and withdraw)


1: Sell LTC for UTC on Mintpal

2: Send This UTC as a value vessel From Mintpal to Crypto Trade.During this value transfer you have a 40 second window where UTC price could go up or down,this is an acceptable risk.

3: Sell the UTC for LTC (you are buying back LTC lower then your selling point and you have now gained the difference in LTC value,by expanding your LTC holdings).




To make this easyer we will create a page on www.ultracoin.net showing the arbitrage profit margins in % and dollar and btc,and arbitrage pathways between exchanges in the pair that you select
(as well as a compensation for inter-exchange UTC value)

This will all feature real time data,and an option to save your preferences.This is a multipahese operation

1: Show information
2: Create User profiles
3: Implement API`s from exchanges
4: Automate trading (browser or stand alone desktop client a.k.a bot)
5: 3rd party value vouchers (UTC secondairy block functionality ,like colored coins)


UTC as a arbitrage Value voucher (secondairy blockchain functionality)
    
1 - deposit BTC in the "bank", (a trusted and licenced money transmitter)
    
2 - recieve value vouchers built into the UTC blockchain for equivalent value of the deposit (2.0 functionalitys comparable to colored coins and so on)
    
3 - user places buy order for LTC on the exchange that has the cheapest LTC,Exchange A (Value voucher is instantly transferd to the exchange,its now an IOU)

4 - exchange A advances payment to the sell order from a Fund assigned to them by the 3rd party bank.

5 - User recieves an LTC value voucher and the sell order is removed from the orderbook of the exchange

6 - User BTC deposit is now transferd to the exchange,and purchased ltc is being transferd to the bank
 
7 - user now wants to sell the LTC on the exchange with the higher LTC price, so he sends the ltc ownership voucher to exchange B and the exchange sells ltc into the highest buy order.

8 - Now the actual LTC arrives in exchange B,a ccording to LTC transfer speed

9 - User sends BTC value voucher to the bank and recieves actual btc

this entire process takes just minutes, and is in time for an arbitrage opportunity, regardless of the coin species,The UTC acts as a value vessel.





No coin is fast enough for this,except Ultracoin and this will drasticly expand the userbase,since people like profit

This Arbitrage strategy will also bring a nice influx of users as well as extra revenue to the participating exchanges,and as i have mentioned before,Bitcoin foundation Executive Director Jon Matonis agreed with the strategy of Ultracoin as an arbitrage vessel.

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Strategy 2 : In game purchace.

After the Arbitrage strategy has started and fase 1 is completed Team UTC will expand into the game community in the form of in game purchace (think of items and ranks)

The transfer speed of Ultracoin makes it possible to link an desktop wallet to the game plugin,that enables users to sell an itmen in game, and have the UTC in their desktop wallet within a minute.In game purchace is already possible but the payout

goes throug a central server,but decentralisation is one of the core ideologies of crypto currency.In a changing world the speed of things become more relevant.

The first game that we will initiate this strategy in is Minecraft,since the opensource nature of the Bukkit server software allows us to do this.So this will be an in game economy plugin directly linked to an UTC desktop wallet.


Examples:

-User A sells a minecraft sword on a survival server and the user B recieves payment withing 1 minute after selling.Now he can save UTC, sell it on an exchange, or buy new hardware on https://altoutlet.com/utc.

-A creative server sells a rank to a user for Ultracoin that has added functionality like world edit.

As some of you have already realised, this is also a strategy for expanding the userbase of UTC (like the arbitrage strategy).The minecraft community has  millions of users) For example Minecraft has just been downloaded 12 million times for xbox alone


This is also a multi fase plan:
 
1: Build & test the plugin

2: When this plugin is finished and stable we will create our own Minecraft server called "Ultracoin server", where we will showcase the functionality of this plugin by having a real economy around UTC.

3: Distribute the plugin to other servers (Server owners recieve a small fee from the transactions being conducted on their server as an incentive to implement the plugin)


In the best case scenario we will have this plugin ready and implemented on the Ultracoin server in time for the winter DreamHack Event. Our new Event manager Jacob is in communication with the management of this event and he is currently inquiring how we can participate as a deligate.



This is one of the largest PC and game related event in the world and will promote UTC.

After Minecraft,this strategy will be repeated in other games.



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If you feel you are like Jacob , and you make something happen on your own innitiative , we welcome you into Team UTC with open arms,since this is exactly the type of community member that i like to call: The heroes of UTC.He has filmed the altcoin expert panel that i participated in as a speaker,and there was also a presence of swedish and russion television news crews (we have asked for the chanels where we can attain this footage).

I may be the founder of this coin,but without you guys UTC is nothing and worthless....

So please think about what you can do,

for example:

-Educate people about ultracoin in terms that they can understand and tell them how strong this community is.

-Show the transaction speed movie to everybody you know who knows something about bitcoin.



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Next wallet update

The upcomming mandatory wallet update will feature:

-Blockreward to 20.(miners please note that if you hold for a bit and let the price rise you will make the same ammount as now and probably more)
-coincontrol (keep old coins, only spend new coins to increase users POS reward)
-N factor delay (at least 2 more years of GPU mining)

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Event fund

Because of the numerous benefits of attending these things we need to keep doing this.This requires money for plane tickets, other travel expenses, sleeping arrangements and food and so on.

I will ask pools to raise their 1% fee to 2% and send the difference of 1% to an ultracoin event fund. New services will also have a 1% fee.I understand that it might seem strange to "tax" services but it simply takes money to make things happen.


UTC adress : UV65rd1p2D5TcAihXm4vdSWy89tTLajoEf

http://bitgo.pw:3731/address/UV65rd1p2D5TcAihXm4vdSWy89tTLajoEf


Another way to assist for this purpose is to  donate in BTC

BTC adress : 1H8rUGC3KMv7XnkJddD7XJRJQMDqmex7He

https://blockchain.info/address/1H8rUGC3KMv7XnkJddD7XJRJQMDqmex7He


When i have my asics i will use a large part of the gain for these funds,so Team UTC can attend more and more globally.

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Now you can see why i said the trip to Stockholm has been very fruitfull,since we met alot of great people,got new ideas and have consolidated strategys as well as proven the legitimacy of Ultracoin by apearing in person.

This is the detailed roadmap for Ultracoin,and offcourse we will be doing more then this aswell (these other things can be found on the ultracoin.net bounty page)

Due to circumstances many of you are aware of,my workload became a bit bigger then originally anticipated,but as you can see i have now taken the time to adapt and renew my role as captain of this vessel.I have prepared myself to guide Team UTC for all the new developments and coordinate all efforts.

This and everything i have just stated above mean that there is absolutely no reason at all for this rediculusly low price....

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As a sidenote, the name bumface has outlived its usefullness since i chose it to match the trollbox when i got into crypto.I will now be know as Michael or Michael_UTC.I will still be using the name bumface on various platforms,but not on conventions and official publications and such since this does not benefit the credibility of Ultracoin, that i have now proven.


This is the video of the Swedish bitcoin conference 2014 in Stockholm,i am the middle panel member in the altcoin expert panel

http://www.youtube.com/watch?v=-qMOcFzF2c4&feature=youtu.be

Michael

jakiman deleted his ultracoin news twitter?

@jakiman,

your settings should work on 280 dualx, right? thanks

Thanks for this quick tutorial jakiman. Buffer size did not work on my main card, so I had to lower it to 2432 though. Some utc love coming your way!

Actually I had a hunch that if it is my main card, it is probably out of memory, due to some visual stuff. I tuned down all the visual things in windows 7 and 2560 is now a go!

Are you running Lookup-gap 3?

You should be able to get about 20-25% higher than my 280x at stock 290 clocks.
My 280x underclocked/undervolted does 55Kh/s. At stock voltage / clock, it does 60Kh/s.
Your memory going to 150Mhz surely sounds related also. That doesn't look right.

My friend is now running -R 10240 and is stable at 71.2 Kh/s on his 290. (clocked at 1040Mhz now)

good going ....
MBA_C6711101-100_K2_AGR_STILTMP_V48
I only get 27k at those settings



for some reason the memory speed drops to 150 mhz with low intensities ...

*edit*

crap forgotten I am going to have to BIOS flash them all again to an higher voltage for OC'ing :S
they are all 1.1V MBA_C6711101-100_K2_AGR_STILTMP_V48
guess 1.2V if I want to OC them to the max   or would an bump to 1.15V do ?
I'll have to calculate if the power consumptions going to be worth the extra WU now :S


cards are ranging from 40 KHS to 70 KHS
all same settings apart from  -R -X settings

just a matter of ruling out the crap numbers


few workers got banned from high reject counts

290 @ 71Kh/s

I helped my friend tweak his pair of 290 to 71Kh/s @ 1070Mhz core.
Note: It's hasn't been tested for extended period yet. But so far OK.

Nice COIn.

It's not the GPU that can't take it AFAIK.
I think it just cannot address that much memory into system RAM so fails on some cards.

70 WU

hey I just sent the new settings to the farm , some GPU's will not take the buffer size ?? any idea's ?? all the same cards

*edit *


ok then all exact rigs

o well you win some you loose some

I am trying scattered -R settings to see what numbers works best
( got 100 X GPU's to trial on )

so far 60 WU 70 WU seems to be the highest @ 940 core might be time to start OC'ing these cards their is hardly any heat coming out of them compared to other N factors ,
also noticing PSU's are pulsing ( dedicated GPU PSU's the lights are barely flicking )

LG=3
-R = 10752

or

LG =4
-X = 32 or 128 or whatever you please

I think LG =3 will be slightly faster.  let me know if I am right

Just tweaking my yacminer now  for R9 290's
The MAX I could get
bufsize for thread @ 3624MB based on buffer-size

a few cards would not take it so its + / - a couple of Meg 



[/code]









passed I 17 @ 65536
passed I 18 @ 131072
passed I 19 @ 262144
passed I 20 @ 524288
passed I 21 @ 1048576

passed I 22 @ 2097152 ( rejects 50% no HW errors )
it should not be still working !!!
no increase in khs / WU showing only slight temp rise

switching to X
passed 32
passed 128
passed 256
Am I just stuck at 50 khs 30 WU no settings seem to effect it ( tho R rate does go up )  
apart from changing GPU core which drops speed in half
I was mining with 3 threads on Last N factor at 170 WU with TC 65536


trying another GPU thread
failed
bufsize for thread @ 1812MB based on buffer-size
bufsize for thread @ 1796MB based on buffer-size

testing  
bufsize for thread @ 1706MB based on buffer-size
half hash speed / getting HW -R 524288

MAX
bufsize for thread @ 1710MB based on buffer-size
half hash / Wu speeds no HW -R 524288

back to single thread



you have me stumped yet again thirtybird ?

rI:131072

and you think ?
-R = 10752

tho I must admit its default LG 4 atm


Thirty Bird I think my cards are broken I can not seem to get HW:0 to go up !!!
one more level and I am rebooting




LG 1 gives HW errors
LG 2 gives HW errors
LG 3/4 fine

Yeah, 8GB. Its the exact same setup as the other rigs, just Win 8. Still working on it. Will keep you guys posted.

+1

Somehow google translate isn't translating stuff on the go cause the site is in "English".
Podria postear en español y tampoco sería apropiado...most people will understand English (despite how sad that makes you or me lol)

I'm glad it worked!

Do you have 8GB system RAM? Try increasing virtual memory to at least 16GB also to see if it makes a difference.
Maybe your system cannot address enough RAM to initialize. (try closing some apps etc. =p)
Other than that, it's all about finding the sweet spot of -R and --buffer-size really.

same with me out of 6 cards 1 cards posted 0.000k/0.000kh/s...

Well, if you're too lazy to use the built-in browser translator in order to read my posts, as I do for what to read this forum, just nothing else will be writing;)
Speak their native language is not no respect for others.

(Xopoшo,ecли Baм лeнь вocпoльзoвaтьcя вcтpoeнным в бpayзep пepeвoдчикoм, чтo бы пpoчитaть мoи cooбщeния,кaк этo дeлaю я для тoгo,чтo бы читaть дaнный фopyм, тo  пpocтo бoльшe ничeгo нe бyдy пиcaть
Paзгoвapивaть нa poднoм языкe нe являeтcя HE yвaжeниeм к дpyгим.)