Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 286. (Read 946650 times)

YACoin HEAVILY favors miners. The issue now-a-days is that a lot of miners mine and dump (for bitcoin), not mine and hold. Why mine a coin and hold on to it when there are 10 other similar coins which could each be the most profitable at some point within a 24-hour period?


So you are predicting the future now? Based simply off of a price chart? Really? I assume you mean the value per coin compared to bitcoin, but I also assume you aren't intelligent enough to think beyond that understanding. I love how you throw "perpetually" in there btw.



Ok now you are saying being ASIC resistant is a bad thing? But... I thought... Is this real life?



What how?



Look, even you can understand this simple anecdote:

John invests thousands in GPU mining rigs. ASICs come along and make his GPU farm not worth it to mine that coin. John then thinks to himself, "Hmmmm someone should make a NEW coin that makes my rigs profitable again!" Loyalty tends to be with the rig and not the coin. It is called laziness--among other descriptors. It is not "we need a coin for the little guy!"

NFactor changes have that effect. Your mining rig at N=11 will not be the most profitable rig at N=15. You can either:

A) Invest in the long-term viability of the coin. Maybe sell your cards and use that money to buy the most profitable gpus.
B) Create another coin that favors your already established rig setup
C) Change the rules in the middle of the game that favors your already established rig setup

UTC has chosen C unfortunately.

YACoin has already experienced this and the community did not choose C... I call it liquidation of malinvestment. It is a good thing in the long run. How do I know this? YACoin has the absolute best community ever. It is scary to think the potential of a coin which attracts the best of the best. It is now the FIRST coin to implement 'checkbox' proof of stake mining among other improved stake mining features. No more of the ridiculous, type in non-self-explanatory code in the debug console window BS. It is a struggle to bring "user-friendly" into crypto, and it is much more so with POW/POS hybrids with NFactor, but it.is.happening.

I have 8GB

How much RAM does your system have?

I tried this and I get the same problems, HW error and the pool don't show hashrate.

People will need to learn how to tweak the miner for their gpus, most people are lazy, and super high end gpus are not as fast as they are with lower n factors, whereas lower end hardware fares a little better.

What better than that for descentralization of the hash rate?

EDIT: best settings for a 7950 using yacminer 3.5:

yacminer.exe -o stratum+tcp://whatever:3333 -u ivanlabrie.1 -p x --scrypt-chacha --nfmin 4 --nfmax 30 --starttime 1388361600 --no-submit-stale --expiry 10 --scan-time 1 --queue 0 --gpu-engine 0-1100 --gpu-memclock 1500 --gpu-fan 0-100 --temp-target 75 --temp-cutoff 100 --temp-overheat 90 --auto-gpu --auto-fan --rawintensity 7168 --buffer-size 2560 -g 1 -w 256 --lookup-gap 2

https://github.com/Thirtybird/YACMiner/releases

try -w 256 -g 2 -I 12 --thread-concurrency 16384 --no-submit-stale --expiry 10 --scan-time 1 --queue 0

the correct settings for a 7950 from the link you posted

use the config for 7950 cards, not other cards, also restart your machine as well you might have crashed your card with the wrong config.

Yes, I have the space but when i was changing the password for xxx I deleted it.

I get the config from http://ultra2.nitro.org/index.php

Edit: Now I am getting also HW errors with this config.

yes put a space between -p xxx and --scrypt-jane

Edit: I am not sure but your settings do not look right also, are you getting hardware errors? try the settings posted on the homepage on Nitro2

Now you're all HW errors, new problem at least.  And one that is fixable.

Do you have a space between your password and --scrypt-jane?   It seems your hashing as scrypt right now.  That or your start time is wrong, I'll check that, but I doubt you randomly put a number in there.  

Same problem with the config of the page you said.

@albertocp
settings for your GPU have a look at: http://forum.ultracoin.net/viewtopic.php?f=5&t=99

wait 5 minutes, I will made another capture.


And why I don't get accepted?  

After 5 minutes mining the hashrate is higher, I don't get HW, I don't get accepted and the pool don't show my hashrate .

neither of your screenshots shows an accepted share.  You must have an accepted share to show any pool hashrate.  So, the pool will show once you submit.

Is that still true more than 16 seconds after starting?

The problem continue...



I don't get any hardware error

If you apply any of your "validation" to BTC or LTC then their values could not be where there are.  Even at the NY conference there was discussion about BTC network security and if it can be attacked still.  The answer was yes.  That is a security issue and will always be there.  LTC is at the point where it must have ASICS, so that it too can move forward in pricing and security.  Any crypto that does not SUPPORT increasing hash rate cannot survive;  N factor or no.   A coin can have no real market cap without a corresponding amount of network security.   Any coin that will be around in 10 years will keep this as a core principle.  LTC will survive and they understand this;  which is why they are NOT changing N factor.   All of this is enough and we are not even talking about the many security shortcomings inherit with higher Nfactor

It wouldn't matter anyway, his hashrate is twice what a 7950 can get.  And he uses a g-1 thread on a g-2 card with too high intensity.  He's getting all HW errors if more of the mining screen could be seen.   

Look at Command prompt window: You are Connected to ultra.nitro.org instead of ultra2.nitro.org :-)

Use: stratum+tcp://ultra2.nitro.org:4337 -u your.worker -p your.password