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Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 370. (Read 946654 times)

hero member
Activity: 938
Merit: 1000
@halofirebtc
Yes as a pool owner, I ask for fair competition law to be passed  Grin

We need to regulate ourselves before the governments get involved, like how USA is with exchanges. Decentralized regulation, a public democracy, without any person being paid for any type of municipal or "BTC self-government" type services IF we ever do need people as focal point representing crypto. Like in New Hampshire, politicians only get $100 salary.

This is why coins like ETH are so important, so that exchanges can run without ever having to deposit any cryptos into them, your wallet could have a "holding for transactions" account in it that you can move your crypto to, again still in your wallet. You could then designate the crypto to a certain exchange, which the wallet sends a message to the exchange that the crypto is available. At that point you cannot move your crypto back into the main part of the wallet unless the exchange releases it, sending a message to your wallet saying the coins are no longer held for the exchange and would be automatically moved back. The exchange would have an "available balance" of your designated crypto. you can trade all day long with it, and when you trade, the exchange either has 2 options: 1. they can withdraw the money for the trade into the exchange at the time of the trade, or 2. they can withdraw and route the crypto for the trade directly to the person on the other side of the trade. Exchange could take its fees the same way. Trading wouldn't be as fast since you'd have to wait for funds transfer time, but with coins like UTC that have married with ETH, an exchange essentially becomes hackproof for outright stealing of coins.

This is why I see a future that I don't think anyone sees yet with ETH or its successor coins. Now combine that with the speed of UTC.....

As I said in one of my previous posts, the team at Nitro has been supportive in helping UTC and the other pools. I will openly say that Biodragon and Stuhl have helped me on multiple occasions, and they are a great asset to have behind any coin that they support.

That being said, I also stated that they are in an awkward position in my previous posts, and I am hoping that we can find a way to spread this out. Nitro is a successful pool, and we should not punish them for being successful, but given the situation with UTC, they are in a awkward position, and we need to come to some sort of a solution that does not hurt anyone's reputation, or step on anyone's toes.

Both Nitro and Leet have been very, very supportive to UTC. Once again some elements of the community are showing just how fickle they can be and blaming everyone else rather than coming up with constructive ideas. Nitro and Stuhl are a business and they can't just annoy all their customers because the UTC community have a problem, they have other pools and coins to consider as part of the business. They have provided a stick to detract miners. Now we in the community and the other pool owners need to come with a way of attracting these miners away from Nitro.

A suggestion could the community and pool owners offer an amount of UTC to move from Nitro to one of the other pools, maybe Stuhl would be willing to donate UTC from the increased fees to this campaign?

KC

If they don't do anything and continue to look at their pool as a business versus the well-being of the coin at the time of the problem, then its like a a business that creates a product but dumps it's waste into the river out back and creates it's own cancer. The business creating or in possession of the problem is being called upon to remedy it for the good of the community which nitro is a big part of, so it will help itself too. Obviously the miners aren't giving a damn. Doesn't matter if they check this forum or not, smart miners all get their stats from websites like coinmarketcap or coinwarz and are aware of the total network hashrate compared to their pools hashrate. Honestly, put yourself in these shoes: from a greedy son of a guns standpoint with no foresight, they'd think they'd be dumb to move, they won't cut their nose off in spite their face. They're thinking money money money, not more money more money more money a week, month, years from now.
sr. member
Activity: 348
Merit: 250
As I said in one of my previous posts, the team at Nitro has been supportive in helping UTC and the other pools. I will openly say that Biodragon and Stuhl have helped me on multiple occasions, and they are a great asset to have behind any coin that they support.

That being said, I also stated that they are in an awkward position in my previous posts, and I am hoping that we can find a way to spread this out. Nitro is a successful pool, and we should not punish them for being successful, but given the situation with UTC, they are in a awkward position, and we need to come to some sort of a solution that does not hurt anyone's reputation, or step on anyone's toes.

Both Nitro and Leet have been very, very supportive to UTC. Once again some elements of the community are showing just how fickle they can be and blaming everyone else rather than coming up with constructive ideas. Nitro and Stuhl are a business and they can't just annoy all their customers because the UTC community have a problem, they have other pools and coins to consider as part of the business. They have provided a stick to detract miners. Now we in the community and the other pool owners need to come with a way of attracting these miners away from Nitro.

A suggestion could the community and pool owners offer an amount of UTC to move from Nitro to one of the other pools, maybe Stuhl would be willing to donate UTC from the increased fees to this campaign?

KC
newbie
Activity: 49
Merit: 0
Help!

I upgraded my OS to windows 8.1 x64 from windows 8.1 32 bit now my old settings doesn't work

I 12 TC 16384 gap 3 w 256 g 2

4x powercolor 280x turboduo, RAM is 4GB

TC Higher than 10240 gives me error 61 on miner. already tried tweaking work size, thread gap still no success

any ideas?

anyone?
newbie
Activity: 52
Merit: 0
How?:

Pool Hashrate 698.05MH
Net Hashrate  682.91MH

(stats on nitro)
member
Activity: 98
Merit: 10
3% fee on Utc.Nitro.org time to shift to other pool guys!

(lets hope that will solve the problem)

+1  Thanks Stuhlman

Yeah, but it could be that stuhlman has to raise fees again all the way up to 5% in the near future if no effect found.
member
Activity: 96
Merit: 10
3% fee on Utc.Nitro.org time to shift to other pool guys!

(lets hope that will solve the problem)

+1  Thanks Stuhlman
member
Activity: 84
Merit: 10
Stuhlman/Nitro says he's pro-UTC, but if that were the case, he wouldn't allow his pool to get more than 51%. Fail-safes could be in place. He is well aware of the dangers but yet he keeps over 70% of the hashrate... You are robbing everyone who isn't on Nitro, you aren't "robbing the miners" (your words) at your pool if you jack up the fee, they have free will to move pools, just like they have free will to stay at nitro. Announce you are going to jack up the fee. I think 3-4% fee is fine, 15% is ridiculous. But by leaving things the way they are, this means you have no problem with collecting 2% at 70% hashrate. Shame for not taking action sooner and just telling everyone to switch pools. Greed. Plain and simple.

Can we stop this finger pointing exercice? Completely useless.

Stuhlman rose the fees because he so chose. People who disagree are free to leave to other pools.
Moreover, given his involvement and quality of service I do believe his pool deserves the 2-2.2kUTC/d he's making on fees.
After all, didn't he say he made some expenses that were not refunded by anyone? -I do not hink this is unfair.

And I believe he should raise fee to a plain 5% with a word of explanation that says this is meant to encourage people moving on to other pools. If miners do not understand I encourage him to raise it to a more serious 10% after a while, and there we will see some redistribution.

Raising fees is the only thing miners will understand as an incentive to switch pools. But this has to be done progressively and people should be warned well in advance so as to avoid panic.






finger pointing excercise? lol.... the truth isn't biased nor points fingers. besides you agreed 100% with what I said. You must be mining at nitro since you aren't bitching about orphans like what I'm getting at leet. Soooooooooo many orphans.....

What else can a pool owner do? Calling them greedy is kinda bullshit.
sr. member
Activity: 364
Merit: 250
We invite people leaving nitro to join us at: http://thepool.pw/ultracoin/

50% of pool fees will be paid back to help community ongoing or new projects on a weekly basis.

full member
Activity: 154
Merit: 100
3% fee on Utc.Nitro.org time to shift to other pool guys!

(lets hope that will solve the problem)
newbie
Activity: 52
Merit: 0
Hi gays
The pool http://utcpool.com/ doesn't allow me to withdraw my coins
support don't answer
maybe anybody knows what to do in this situation?
newbie
Activity: 49
Merit: 0
TC Higher than 10240 is giving me error 61, mining won't even start  Angry

member
Activity: 84
Merit: 10
Help!

I upgraded my OS to windows 8.1 x64 from windows 8.1 32 bit now my old settings doesn't work

I 12 TC 16384 gap 3 w 256 g 2

4x powercolor 280x turboduo, RAM is 4GB

any ideas?

Try:

setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
cgminer.exe --scrypt-jane -u user.1 -p x -o stratum+tcp://ultra.leetpools.com:3333 --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 16384 -I 12 -w 512 -g 2 --queue 0 --no-submit-stale --scan-time 1 --lookup-gap 3
sr. member
Activity: 364
Merit: 250
Yes as a pool owner, I ask for fair competition law to be passed  Grin
hero member
Activity: 938
Merit: 1000
@halofirebtc
yep nitro 2 is perfect, as long its totally seperate, not connected by nodes? not 100% surehow that works.
newbie
Activity: 49
Merit: 0
Help!

I upgraded my OS to windows 8.1 x64 from windows 8.1 32 bit now my old settings doesn't work

I 12 TC 16384 gap 3 w 256 g 2

4x powercolor 280x turboduo, RAM is 4GB

any ideas?
hero member
Activity: 728
Merit: 501
As I said in one of my previous posts, the team at Nitro has been supportive in helping UTC and the other pools. I will openly say that Biodragon and Stuhl have helped me on multiple occasions, and they are a great asset to have behind any coin that they support.

That being said, I also stated that they are in an awkward position in my previous posts, and I am hoping that we can find a way to spread this out. Nitro is a successful pool, and we should not punish them for being successful, but given the situation with UTC, they are in a awkward position, and we need to come to some sort of a solution that does not hurt anyone's reputation, or step on anyone's toes.

that is correct.i think this nitro 2 idea is not bad at all
hero member
Activity: 938
Merit: 1000
@halofirebtc
As I said in one of my previous posts, the team at Nitro has been supportive in helping UTC and the other pools. I will openly say that Biodragon and Stuhl have helped me on multiple occasions, and they are a great asset to have behind any coin that they support.

That being said, I also stated that they are in an awkward position in my previous posts, and I am hoping that we can find a way to spread this out. Nitro is a successful pool, and we should not punish them for being successful, but given the situation with UTC, they are in a awkward position, and we need to come to some sort of a solution that does not hurt anyone's reputation, or step on anyone's toes.

+1000

Someone is going to get toes stepped on no matter what agreement, unless Nitro splits itself like how real life companies do when they grow too big.

edit: Right now its the miners of other pools getting stepped on, apparently nitro is ok with that.
newbie
Activity: 38
Merit: 0
Quote
Hello,

Could somebody invite me on the nitro ultracoin pool ?

Thanks

...this is the problem. (two posts above)
hero member
Activity: 938
Merit: 1000
@halofirebtc
Hello,

Could somebody invite me on the nitro ultracoin pool ?

Thanks


please try to find another pool, Nitro has more than 51% of the network hashrate. leet pool and greek pool are good substitutes.
member
Activity: 84
Merit: 10
As I said in one of my previous posts, the team at Nitro has been supportive in helping UTC and the other pools. I will openly say that Biodragon and Stuhl have helped me on multiple occasions, and they are a great asset to have behind any coin that they support.

That being said, I also stated that they are in an awkward position in my previous posts, and I am hoping that we can find a way to spread this out. Nitro is a successful pool, and we should not punish them for being successful, but given the situation with UTC, they are in a awkward position, and we need to come to some sort of a solution that does not hurt anyone's reputation, or step on anyone's toes.
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