Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 364. (Read 946654 times)

The Pool Issue:

For all those that seem to have pool issues.  utc.pool.pm has no orphans as of right now and more hash rate there would simply speed up the finding of blocks.  It seems to be the quiet stable pool that no one seems to want to move to.  A big mining farm would do well on this pool.

what time and what exchange?

0.0004715

0.00027175

QUIZZZZZ UTC Reward

1: 25 UTC
2 : 15 UTC
3: 5 UTC

Nice and steady grow of UTC going on! and volume is high so where getting somewhere...

Little Quiz what will be the value on 25 Marth!! Price is giving for the people who are closed!!!

LETS GET IT ON!

Guys, is it NORMAL to get 17% orphan on block finds??

http://ultra.leetpools.com/ has found 17% orphans the last 24 hours. I have been mining here for over 5 days and I never hit my "target" UTC as per dash board predictions. Normally, it is 65% of what I should get and I think it might be to do with orphaning. I am thinking of moving pools because of this.

guys we're in space fyling to pluto , i hope you bought your ticketsss

Amended

Thanks for adding thepool.pw

That helps, but it doesn't help all the miners incurring losses.

In case nitro and leet owners think this as a lot has been said over the last few days, just to clarify a few points:

1: I never said raise fees to 15%.

2: I did say leet was stealing from us , but that was before I found out Nitro was the reason, at which point I issued a statement that both sites were fine. I set my rig to confirm, half rig at leet, other half at nitro. There was no big difference between NITRO and LEET, but Nitro was paying about an hour faster on slower half of my rig, which to me was negligable until I ran some more numbers based on my future rigs.

3: Nitro grabbing the already solved blocks out of the hands of other pools IS stealing, and the problem was known about for at least a week, possibly longer, so for that reason, Nitro is greedy. But they have increased their fee to spread hashes so I can say they are remedy-ing the problem. Hats off to Nitro, now I can support Nitro. You gave me a reason to say why your pool is '#1" again.


I'm soooooooo glad Nitro has taken further action, my biggest fear is having the governments stepping in and regulating pools and exchanges. we need to continue to work out our problems, but in a more timely manner. Week no good. Days ok. 7 days at 25% mining loss adds up. What happens when Senators or important govern-'mental' people start investing in crypto and this shit starts happening? Granted they proabably won't mine, but there is a possibility. Texan politicians who become Presidents drill for oil...... same thing.

First and foremost.  I would have preferred to offer this suggestion in a PM........but.....here's a crazy thought.  Just to throw out there.



This is only a thought.  I am not saying / expecting this is how it should be:

What if;  Nitro uses a portion of the extra fees to pay for a block reward to all of the other pools? E.G.  (Nitro pays for the block reward that the other pools will offer.) All pools could offer a reward (as you mention) and not have to incur the cost themselves.  This would / could be one way nitro can donate some of their "unwanted extra" back to the miners who DO support the other pools.   I only offer this, since nitro is going to donate and you mention a reward.  

It would seem possible to kill many birds with a stone thrown this way.

(edited to clarify)

+1 for that mate

Show some numbers and ya get a response. Wow and LOL, i think you are confused or are trying to twist my words. I suggested raising your fees for short term to get miners off your network. You should have known that. That has nothing to do with greed. Leaving things the way they were for a week was being greedy. So if you can't see what I meant, you really shouldn't own a business. I and the community thank you for raising your fees, and I expect you would drop them down once hashes are spread.

i'm a one hash wonder today at 320kh - found two 50UTC blocks today!

Im going to need to chime in here and clarify because this is getting ridiculous.

First of all, I'll repeat this over and over again until it gets through your skulls. NONE, I repeat NONE of the pools are stealing, or shaving off the top. I assume since you are miners, you are a cut above the average intelligence, and understand basic statistics. LOOK at the STATS, and POOL pages under the statistics column on the pools, this will tell you the % of the pools efficiency. If a pool is at 130% average block time, that means you will make 70% of the pools estimated value at your hash-rate. Its very simple. So this unrelenting bullshit about the pool ops fucking the miners is retarded.

Second of all, nearly all the pool ops that are running a UTC pool were collaborating on launch day to create a sustainable and good infrastructure for the miners, and have been active in helping in eachother succeed and Ultracoin succeed.

I am in touch with the boys over at Nitro, and ill tell you what, they are unhappy with the situation, not only do they not want to charge 3% they want to charge 1%, AND they are going to be donating/giving away a part of their fees that they collect because THEY DONT WANT TO BE IN THE POSITION THEY ARE IN. They are in an awkward position, and WE (I mine as well) the miners, HAVE PUT THEM THERE. They possess such a LARGE portion of the hashrate, they will cause ORPHANS on the other pools because simply put, they beat the other pools to the punch or will out-verify the same block even if they solve after another pool because they define the network. This happens when a pool has over 51%, that is not an opinion, that is a fact. It will cause problems and continue to cause problems until we come up with a solution.

Now, its not all bad. Here is some of the good news: Leetpools has gained an additional 60Mhs the pool, Greek and some of the others are also gaining megahashes. But the worker numbers are nitro are staying the same.

I will be starting to offer 0% fees, and some block finder rewards through the weekend to try and bring some of the miners off nitro to our pool, but I ask the other pool ops to drop their fees to 0. Because that is all we can honestly do (other than give away UTC).

What is shitty about the situation:
When nitro goes down, 30% OF THEIR MINERS AUTOMATICALLY FAILOVER TO OUR POOL. So if those miners were to just take out one line from their .bat, that would nearly resolve the issue entirely (as far as orphans and network %s but it screws other pools). When nitro goes down, greekpool doubles, leetpools triples, and Idcray fires up to 100Mhs.

Not only are block times longer on other pools, they are getting orphans, so its a double whammy to the miners on the other pools.

Because of this, other miners will say "fuck that shit" and will stay at nitro.

The owners of nitro cannot destroy their reputation, and no one wants them to, they are good pool ops that run good pools (All of our other pool ops running pools are solid as well).

So asking them to charge 15% fees is extreme, and if they do it, it would be an enormous risk they would take at the expense of their miners who might honestly LIKE mining there, and their reputation. As i have said several times, they are in an awkward position, and I would admit I dont want to be in the position either. Cause you guys are flaming them, and not being a part of the solution. Just move your god damn miners. Thats it.

Stuhl, and Bio, I want to say first of all thank you for your continued support with us, and the other pool ops, you are not greedy nor are you assholes. You are the chillest and most reputable pool ops I've ever met. LeetPools has your back. Always.

Actually based on your recommendation, we raised fees to 3% so your calculations are a bit off. But you just made my point, you want us to raise fees and say we are greedy! thieves!,  so which it is will make you happy? raise fees or lower fees? or maybe we can do both at the same time? or apply a zigzag algo on the fees. also your estimates on what profit we should make from UTC is way way off even at the 3% fee. My reserved estimates as to UTC value were and still are at $3 to $5 and our holdings will be worth much more money in the very near future.

ok, sent 82+ utc, pretty much all of the coins i have mined since feb 1 with my low end gpu's. Still have the ones i traded for.

f54b9ff7d20aa6bbc77a824efcf89466595aa5e977aba9cf822d74343190d062

There are many reasons to have a variance and it's to be expected;  unless averaged out over a longer period of time.  One aspect, that hasn't been discussed much, is the quick block time / time for a given block to be found.   These are not, in any way, each the biggest variable;  but they large enough to consider and can add up.

--Even though the block target times are 30 seconds, sometimes blocks get found much quicker.  This can be verified by some of the 50 UTC payouts mentioned along this thread.   Where a single user on a pool got the entire payout.  There were 200-400 other miners at the same time, yet 1 happened to submit a share.

--The difficulty of shares sent to a miner will vary based on the total Kh/s of the miner.  Many now are probably running 64-128 Difficulty, if not higher.  Here again, a block can be found where your miner submits no shares;  or even just a couple shares.   If the pool as a whole submits several thousand shares to your few;  you will receive less coins for that particular block than would be predicted.

--IF miners are at key Kh/s mining rates, often times the miner may be right at a speed "Switch point" for difficulty.  The pool may send a group of shares at 64 difficulty, which it determines come in too fast.  The pool then sends 128 Kh/s shares to your miner;  which for that period will submit 1/2 the "number" of shares total.  If this slows down the received Kh/s too much;  the pool will re-target 64 difficulty shares to your miner.  During the time when a miner is getting the higher share difficulty;  you may easily "miss" blocks without submitting.  Even though a share is worth 2 times the amount. 

-- Network latency can affect how much "time" you get process and submit a share.  This latency also varies and can easily impact shares submitted for a given or several blocks.  Here again, this will lower the actual payout vs. predicted (for those specific blocks)


These points above can happen quite often and dynamically.  These few things can be significant factors for a large variance in "short-term sampling".  These things apply to all miners and all pools;  as well as all crypto coins.  As well, these are irrespective of the "pool luck" and "orphans;  yet can cause just as large (if not larger) change.


As an aside, orphans are something that happen  from time to time on any coin as well.  Also, Orphans are a bit more common with any type of higher N based coin.  All pools are getting some orphans even nitro.


Having said that,  it is still "not so good" to have nitro with a large portion of the net.  Even if there is no malicious intent or outcomes, it is still best for no pool to be over 50%.   Steps have already been taken and maybe more will be.  I imagine as time goes by, this will be less of an issue / will resolve itself;  to some degree. 

Finally, I ran on Nitro and Leet both when I mined and they are reputable and legit.  So, I would first look at some of the above points to resolve your shot-term variance.