I was also thinking about PoS/N-Factor changes in the coin.
The whole crypto-currency-world moves too fast, PoS after one year is no more attractive.
Changes in the N-Factor schedule would require changes in the miner software too, if I understand that right.
Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 488. (Read 946654 times)
March 03, 2014, 03:35:55 PM
March 03, 2014, 03:35:12 PM
UTC is just in the lead. However, since this morning when I voted just six other people had voted
KC
March 03, 2014, 03:31:51 PM
Can someone please give me updates figures for mining UTC after the last N-factor shift?
3.5 MHS scrypt correspond to... how much scrypt-jane?
And how many utc per day roughly?
For settings I'll just find em in the thread, thanks.
3.5 MHS scrypt correspond to... how much scrypt-jane?
And how many utc per day roughly?
For settings I'll just find em in the thread, thanks.
I have 2900 Khash normal scrypt. Which gives me 590 khash mining ultracoin right now. Roughly 200 coins a day.
March 03, 2014, 03:22:31 PM
Another thing about cryptsy - if big vern really looks at # of likes on the request, we are way behind other coins. Suggestion - in our tweets, tweet this:
Help us get #ultracoin listed on @cryptsy! Like this post: https://cryptsy.freshdesk.com/support/discussions/topics/75770
(or something like that)
and post it on the facebook page
Help us get #ultracoin listed on @cryptsy! Like this post: https://cryptsy.freshdesk.com/support/discussions/topics/75770
(or something like that)
and post it on the facebook page
March 03, 2014, 03:22:24 PM
Is there anyone that can get UTC some media attention? Articles in news papers, news sites,... would be very nice.
Is this just another 'someone else do this, but i don't want to' suggestion or are you volunteering to do a press release to send out to the media to help the community?
Can you or anyone else write an interesting article on scrypt-jane combined with fast transaction speeds? I don't class myself as a very good "journalist" / "reporter" type? At Let's Talk Bitcoin you can submit articles - http://letstalkbitcoin.com/write/#.UxTbYoXvPBI
KC
I'm busy gathering a following on twitter and bombarding cryptsy with tweets (@ultracoinnews). I didn't say I would write a press release. I'm just sick of people putting "we should" rather than "Im going to". No one is willing to put their own time into helping the community. There only seems to be a handful of us really trying to get this coin out to the masses, and it's really frustrating. The facebook give away is a great idea and we need more of this type of generosity from the community whether that be donating or spending time plugging the coin to others.
Funsponge,
I'm already tweeting and sharing Facebook. I'm trying to think of ways to get Ultracoin noticed. However, I do understand your reply. Those that took up the challenge of spreading the word of Ultracoin on tweeter is miniscule - https://twitter.com/search?q=%23ultracoin&src=hash
KC
A quick note on this type of frustration and a quick way to resolve it. This is probably better done on the official forums, but we can self-elect positions so that the people who want to be involved know what is expected and whom to expect it from. We can stop collectively wondering who is willing to be responsible for what. Taking on a role doesn't even mean you are responsible for doing all the work, just managing the expectations of the role. Example:
Media Manager - Coordinates media message and message outreach programs. Responsible for making sure message is focused and topical. Sets goals for media mentions in given timeframes. Coordinates with social media guru to gage success of message.
In the case of the above role, you wouldn't necessarily have to write or edit these messages, just make sure someone competent is doing it. You wouldn't have to be the one with connections to all of the potential outlets your trying to reach, but you would have to make sure that people with those connections contact you. Etc.
This all would have to be approved by Bumface, obviously. After approval, I would hope he is rather hands off on any given role and would only exert veto power. That's just a suggestion though. The community could collectively decide whether a person was doing a good job or not and suggest replacements as needed.
Basically, we need structure.
March 03, 2014, 03:18:45 PM
i've said it once, i'll say it 1000 times. no coin will succeed long term if the coins don't have a purpose.
I thought that a lot last year with the alt craze in 1st quarter. However, all of them are still here; more or less successful. Even the less successful one's difficulty gets low enough and they are profitable; and get mined. Thus, they survive.
There are literally 100's of coins now, with no real purpose; save for one "cash money value". I'm not big on money / greedy, but I cannot deny this is the driving factor in the commodity that is "crypto".
If we were to reduce / hypothesize that only coins with purpose succeed, then we probably would only have 4 or 5 coins at most.
I do not intend, in any way, to dissuade from finding purpose and "marketing points" for UTC; however I cannot easily entertain, that it's what makes / breaks the coin. Not at all saying that purpose has no value, just that it's not the deciding factor.
Having said that, the "selling points' for UTC;
-Fast transactions
-Lower total coin numbers than many
-Highly resistant to coordinated attacks (51%)
-Community oriented
-Asic Resistant
-Long-term reward with stake / interest
-Semi-rapid block reward halving to increase rarity (10months appx)
-Less heat production from mining
-Energy conservation - less power running equipment
-Encourages larger smaller decentralized mining versus large centralized mining (i.e-BTC)
Many of those points are all "talking points" with most crypto's and are beneficial for UTC to have. Even the less obvious, Heat and energy savings. Power required to produce coins, was a point of issue with regulators in the recent Crypto meeting in NY. It is very possible that, as regulation rolls on; there will be more focus on the energy required. UTC stands in a good spot there versus; sha, scrypt and even nscrypt.
If we weren't able to get money for our crypto, crypto would be non-existant, unless there were a million times the merchants we have now accepting crypto (not just BTC, or a sextoy shop for all other coins, but hey, its a start?)
coins don't just vanish, they will always be around, just keep depreciating, but take CAGE for example, coin isn't even worth 1 satoshi anymore. CAGE process will continue down thru LTC, then DOGE. Treat coins as an ideal, they just don't die and disappear.
power/heat savings is card dependant, you can't say every gpu will save heat and power. u can say 'most' or 'some'. My cards still require 100% of the power they usedsince my day 1 of mining utc. if anything they would use more power since i had to increase my TC and -g 1 to -g 2. Killawatt proved i need 750 watts still. All other setting stayed the same. POS isn't worth leaving coins in wallet for a year when they could be making more money elsewhere.
While everything you listed is true, or half-true, it isn't enough to seperate UTC from the 275 other coins out there.
March 03, 2014, 03:18:34 PM
Can someone please give me updates figures for mining UTC after the last N-factor shift?
3.5 MHS scrypt correspond to... how much scrypt-jane?
And how many utc per day roughly?
For settings I'll just find em in the thread, thanks.
3.5 MHS scrypt correspond to... how much scrypt-jane?
And how many utc per day roughly?
For settings I'll just find em in the thread, thanks.
that would be around 600-650 kh/s at the current N factor and around 200 coins per day at the current difficulty.
Very rough estimations though
I have 1.75 Mh/s on normal scrypt, giving me 300 kh/s on UTC and my pool says I get 141.466 coins per day at current difficulty, but it's more like 100-120 coins a day.
March 03, 2014, 03:14:11 PM
Can someone please give me updates figures for mining UTC after the last N-factor shift?
3.5 MHS scrypt correspond to... how much scrypt-jane?
And how many utc per day roughly?
For settings I'll just find em in the thread, thanks.
3.5 MHS scrypt correspond to... how much scrypt-jane?
And how many utc per day roughly?
For settings I'll just find em in the thread, thanks.
March 03, 2014, 03:11:14 PM
Is there anyone that can get UTC some media attention? Articles in news papers, news sites,... would be very nice.
Is this just another 'someone else do this, but i don't want to' suggestion or are you volunteering to do a press release to send out to the media to help the community?
Can you or anyone else write an interesting article on scrypt-jane combined with fast transaction speeds? I don't class myself as a very good "journalist" / "reporter" type? At Let's Talk Bitcoin you can submit articles - http://letstalkbitcoin.com/write/#.UxTbYoXvPBI
KC
I'm busy gathering a following on twitter and bombarding cryptsy with tweets (@ultracoinnews). I didn't say I would write a press release. I'm just sick of people putting "we should" rather than "Im going to". No one is willing to put their own time into helping the community. There only seems to be a handful of us really trying to get this coin out to the masses, and it's really frustrating. The facebook give away is a great idea and we need more of this type of generosity from the community whether that be donating or spending time plugging the coin to others.
Funsponge,
I'm already tweeting and sharing Facebook. I'm trying to think of ways to get Ultracoin noticed. However, I do understand your reply. Those that took up the challenge of spreading the word of Ultracoin on tweeter is miniscule - https://twitter.com/search?q=%23ultracoin&src=hash
KC
Yep, it's the same community members trying to spread the word over and over again...
This community is great and gets some work done, but we need to expand quickly! Crucial times...
March 03, 2014, 03:05:43 PM
Is there anyone that can get UTC some media attention? Articles in news papers, news sites,... would be very nice.
Is this just another 'someone else do this, but i don't want to' suggestion or are you volunteering to do a press release to send out to the media to help the community?
Can you or anyone else write an interesting article on scrypt-jane combined with fast transaction speeds? I don't class myself as a very good "journalist" / "reporter" type? At Let's Talk Bitcoin you can submit articles - http://letstalkbitcoin.com/write/#.UxTbYoXvPBI
KC
I'm busy gathering a following on twitter and bombarding cryptsy with tweets (@ultracoinnews). I didn't say I would write a press release. I'm just sick of people putting "we should" rather than "Im going to". No one is willing to put their own time into helping the community. There only seems to be a handful of us really trying to get this coin out to the masses, and it's really frustrating. The facebook give away is a great idea and we need more of this type of generosity from the community whether that be donating or spending time plugging the coin to others.
Funsponge,
I'm already tweeting and sharing Facebook. I'm trying to think of ways to get Ultracoin noticed. However, I do understand your reply. Those that took up the challenge of spreading the word of Ultracoin on tweeter is miniscule - https://twitter.com/search?q=%23ultracoin&src=hash
KC
March 03, 2014, 03:05:16 PM
Is there anyone that can get UTC some media attention? Articles in news papers, news sites,... would be very nice.
Is this just another 'someone else do this, but i don't want to' suggestion or are you volunteering to do a press release to send out to the media to help the community?
MintPal website is frustrating and very slow, so slow that scrolling from page to page and loading pages take more then 30 or 40 seconds every time again.
It is very frustrating and sad to see that again there is a exchanges which is not good enough for UTC.
I pul all my BTC and UTC funds out of MintPal and don't go back.
I wait for Cryptsy....have time enough
March 03, 2014, 03:05:11 PM
2) I still believe tweaking the N-factor schedule and PoS implementation would do worlds of good for this coin and wouldn't disadvantage anyone at this point. Hence, a fork wouldn't be unfair to any current or future miners or anyone currently holding.
I am in complete agreement about tweaking the POS schedule - other coins pay monthly, which is very attractive.
I'd like to hear from Ziggy and Bumface on this - is this possible? If not, why not? Please share your thoughts.
March 03, 2014, 03:04:32 PM
jane doesn't save power. that is a myth i disproved on my rig. you get half the hashes, but unless u r one of those ppl who are forced to use lower intensities or lower clock speeds, u aren't saving power. i'm still using 750watts, the same 750 i started with 2 nfactors ago. killawatt proved me correct.
March 03, 2014, 02:57:49 PM
ultracoin is going to skyrocket soon. you will see
it has skyrocketed and wont be for a while, since the 2nd-cryptos like nxt, xcp, mastercoin, and etherium are all gearing up to showcase decentralize exchange to hopefully counteract the damage done by centralize exchanges like gox, cryptotrade, coinmarketio, and etc.i myself lost coins on some of these exchanges
March 03, 2014, 02:56:51 PM
I must say that we might not be the biggest community but we are very hard working 
Seeing that makes it still worth to Mine and invest in UTC for me. Hope others could see that too. Big thumbs up for everyone doing their best.
Seeing that makes it still worth to Mine and invest in UTC for me. Hope others could see that too. Big thumbs up for everyone doing their best. March 03, 2014, 02:56:00 PM
i've said it once, i'll say it 1000 times. no coin will succeed long term if the coins don't have a purpose.
[....]
Having said that, the "selling points' for UTC;
-Fast transactions
-Lower total coin numbers than many
-Highly resistant to coordinated attacks (51%)
-Community oriented
-Asic Resistant
-Long-term reward with stake / interest
-Semi-rapid block reward halving to increase rarity (10months appx)
-Less heat production from mining
-Energy conservation - less power running equipment
-Encourages larger smaller decentralized mining versus large centralized mining (i.e-BTC)
Many of those points are all "talking points" with most crypto's and are beneficial for UTC to have. Even the less obvious, Heat and energy savings. Power required to produce coins, was a point of issue with regulators in the recent Crypto meeting in NY. It is very possible that, as regulation rolls on; there will be more focus on the energy required. UTC stands in a good spot there versus; sha, scrypt and even nscrypt.
- Fast Transactions --- I agree
- Lower total coin numbers than many --- Irrelevant as coins can be subdivided down to the 8th decimal place by default. Psychological value only.
- Highly resistant to coordinated attacks --- Only after PoS kicks in.
- Community oriented --- No argument there, you are all stepping up your game.
- Asic Resistant --- Too much I'd say. I'm afraid it's going to be GPU resistant soon.
- Long-term reward halving to increase rarity --- All coins follow the bitcoin model of exponential decay. I think coming up with a good reason UTC halving time is the correct time would be prudent
- Long-term reward with stake / interest - Very long-term in crypto-world time. Percentage of people willing to hold their coin a year without touching it greatly reduces this advantage.
- Less heat production from mining --- This could really be stressed more as it effects mining profitability and equipment life.
- Energy conservation --- See above point.
- Encourages larger smaller decentrailized mining versus large centralized mining --- Once again, something that needs stressed for miners now as ASICs could mean the death of a lot of "me too" coins
The point of this post was two-fold.
1) I believe the media message should revolve around the unique strong-points of the coin, or the combination of points that make it unique. We have done a poor job separating ourselves from the 100 other alt coins you mentioned or even the scrypt-jane / PoS coins that already exist. If not enough variations exist, than we should actively make ourselves different. Most of this is in reference to the current press release that is being circulated.
2) I still believe tweaking the N-factor schedule and PoS implementation would do worlds of good for this coin and wouldn't disadvantage anyone at this point. Hence, a fork wouldn't be unfair to any current or future miners or anyone currently holding.
I am in meetings all week this week so I don't have much time to do anything of any real value until next week. This post is a bit of a rehash, but I'm adamant that these things should be considered, especially point 2 which no one seems to keen on.
March 03, 2014, 02:55:06 PM
Is there anyone that can get UTC some media attention? Articles in news papers, news sites,... would be very nice.
Is this just another 'someone else do this, but i don't want to' suggestion or are you volunteering to do a press release to send out to the media to help the community?
Can you or anyone else write an interesting article on scrypt-jane combined with fast transaction speeds? I don't class myself as a very good "journalist" / "reporter" type? At Let's Talk Bitcoin you can submit articles - http://letstalkbitcoin.com/write/#.UxTbYoXvPBI
KC
I'm busy gathering a following on twitter and bombarding cryptsy with tweets (@ultracoinnews). I didn't say I would write a press release. I'm just sick of people putting "we should" rather than "Im going to". No one is willing to put their own time into helping the community. There only seems to be a handful of us really trying to get this coin out to the masses, and it's really frustrating. The facebook give away is a great idea and we need more of this type of generosity from the community whether that be donating or spending time plugging the coin to others.
March 03, 2014, 02:54:56 PM
MINTPAL SUCKS, been over 24 hours and my account is still locked. Anyone know how to get ahold of them besides support and tweet? I have tried both and niether get results. Am i just basically screwed and my coins are locked for life?
Thanks and any help is appreciated.
Thanks and any help is appreciated.
March 03, 2014, 02:54:30 PM
Is there anyone that can get UTC some media attention? Articles in news papers, news sites,... would be very nice.
Is this just another 'someone else do this, but i don't want to' suggestion or are you volunteering to do a press release to send out to the media to help the community?
Can you or anyone else write an interesting article on scrypt-jane combined with fast transaction speeds? I don't class myself as a very good "journalist" / "reporter" type? At Let's Talk Bitcoin you can submit articles - http://letstalkbitcoin.com/write/#.UxTbYoXvPBI
KC
What a great idea. I can't write the technical part, but could work with someone to turn technical details into an article. Sort of a "Litecoin 2.0 - the next generation of alt coins" article.
And even if they didn't publish it, we could put it on the website and then link to it from everywhere.
March 03, 2014, 02:44:17 PM
Is there anyone that can get UTC some media attention? Articles in news papers, news sites,... would be very nice.
Is this just another 'someone else do this, but i don't want to' suggestion or are you volunteering to do a press release to send out to the media to help the community?
Can you or anyone else write an interesting article on scrypt-jane combined with fast transaction speeds? I don't class myself as a very good "journalist" / "reporter" type? At Let's Talk Bitcoin you can submit articles - http://letstalkbitcoin.com/write/#.UxTbYoXvPBI
KC
Jump to: