Topic: [ANN][UBQ] Ubiq - Smart Contracts For An Automated World - page 53. (Read 331628 times)

if UBIQ is undervalued it's because ETH is overvalued

I read their last report. Looks like guys are working. But still does anybody know if there is any implementation for their technology? I mean, look at ethereum - almost every ICO-project is running on eth smart contracts. What about Ubiq?

Guys.. UBIQ seems undervalued atm but is there any plan for UBIQ to become big? I don't see any updates though.. feel UBIQ's rise was short-lived?

exactly

Say I have 10 rigs as all different workers, each rig has a little less than 160MHs, this way I should stick with 2b pool? how about if I make all 10 of them mining as the default worker so they will show up as one single hashrate on pool, this way I should go with 4b? thanks you for clarifying.

Who else feels this is good news for UIBQ?

It seems the Ethereum dev have a lot of challenges ahead to overcome before Metropolis. A lot of the issues especially with security and the timeline keeps changing.

Plus the Improvement Proposals keep changing. It seems like a mess.

Just my thoughts, I would love to hear the UBIQ community's thoughts on the topic as well.

Link to update
https://www.coindesk.com/metropolis-today-shifting-plans-ethereums-next-big-upgrade/

This is a question for a faith war.  

Personally I prefer stratum in every case, but there are still enough people who want to mine with getwork.

The hashrate per rig / worker is ment with this, not the hashrate of the wallet, apart of if you use a local proxy and show up as a single rig / worker with the total amount of hashpower.

The higher the difficulty, the more value have the shares, cause you solve more complex calculations. But this needs time and / or hashpower. If you choose a too high difficulty you send too less shares before the next working round begins. This is why there are recommendations for the average hashpower. 

For just 1 GPU, what is better to use, stratum or getwork?

Thank you for a great 0% fee pool. Question, what's the difference between different pool difficulty? and the hashrate is per rig or per wallet?

Since yesterday we have the Apple Mining Monitor App available for all of our Pools.

The link is meanwhile shown on all of our pools too, even if we had not very much feedback until now.

If you are the lucky owner of an iPhone and want to try it with us

http://ubiq.minerpool.net

every feedback is highly welcome...  

http://ubiq.coinminer.space/

Anyone here also worrying about ubiqpool.io exceeds 51% hashrate?

agreed. holding for future.

I see some haters/fake users accounts to make bad comments about UBQ, to make the price going down, then they collect UBQ as much as they can. They are whale.
If they don't cafe, they won't come here to talk.
Fk off, haters.

KleinerMiner welcome to the community and thanks for your support.

Don't listen to the haters. Unfortunately a lot of trolls in crypto who like to spread FUD on the work we do and what we have accomplished.

Ubiq logo t-shirts

You can now get a Ubiq logo shirt at @cryptograffiti. 10% off with code "UBIQ" for this week storewide!

https://cryptograffiti.com/collections/frontpage/products/short-sleeve-mens-t-shirt?variant=52917429767

They have also mentioned they will "consider" doing a custom shirt for us too 

Gunna clear this all up for the folks who care. This is not a response to coolkudos because he/she is just another member of the recent concerted effort to FUD UBQ based on lies/partial truths that they just don't seem to understand.

• Ubiq is currently on GETH 1.5 geth is at 1.7 - last update 5 months ago - https://github.com/ubiq/go-ubiq/commit/d6284be6e6e3d0dbdafdea9334f079d1d7430d07

This is almost correct, gubiq is on 1.5.12 which is 3 months old now. This is a core value of UBQ to not implement new upgrades unless they are security related, or they have been in-the-wild on Ethereums chain for a long enough period of time to get vetted/tested in a real world system. This is part of the "UBQ is designed to be a stable platform" goal.

If the OP had read the latest quarterly report, they would have seen that upgrades are being made to bring gubiq in line with the latest geth release. This should be done within a month or so if I had to guess, as somewhat recently one of the devs posted the longggg list of merge conflicts which need to be reconciled to complete the upgrade.

Development work is done inside either a development branch or in a private repo, and then changes are merged with the working branch. That's why it can appear as though work isn't being done on the core node software.

• Digibyte algo - https://bitcointalksearch.org/topic/m.16406367

The swap from Ethereum's difficulty re-adjustment algo was originally to Digibyte's Digishield algo. This was never hidden, they were given full credit for it. However, during launch week the Digishield algo was having a very difficult time keeping block times consistent with the 88 second block time specification. It was leading to very long or very short blocks, and massive swings in difficulty which were causing problems for the miners and the network overall.

Digishield was modified to include a difficulty retargeting "window" type mechanism. This modified algorithm is called Flux.

• I'll correct my monetary policy critique they added some if/elses based on block height truly revolutionary stuff

I'm happy to see they tried walking their original statement back here. Ethereum uses a constant 5 ETH reward for every block until the end of eternity, or until they switch to PoS. That's fine but it results in a lot of inflation forever. I haven't seen any info on proposed PoS rewards, so they may be addressing this. This isn't a "bad" thing per-se, but UBQ decided to implement a more traditional inflation schedule which is defined up front. So it starts at 8 UBQ per block and reduces down to 1 UBQ per block, lowering by 1 UBQ per block per year. In about 5 months it will reduce from 8 to 7 per block, for example.

• Daily volume on bittrex was $48 around the token swap. https://bitcointalksearch.org/topic/m.16501299

The post linked even says this was just a low volume day. It was not uncommon for coins during this time period to have low volume. We were coming out of the tail end of a multi-year bear market almost across the board. Conditions have changed now and volume across the board for legitimate projects has come up nicely.

• Premine left overs - http://www.ubiq.cc/address/0x9fffe3c3a08c1ad52f86c8acbb564adde6aeebad

I guess it depends on people's definitions of "premine". Premine is typically defined as coins which are mined/allocated up-front and given to the developers or to a "foundation" depending on how it's set up. In this case the coins were pre-allocated to users who signed up using a google form and signed a message with their old JBS private keys. These signatures combined with a snapshot of the blockchain were used to pre-allocate coins to users based on how much they held at the time of swap. This is all explained in the nucleus transparency report for those interested in learning more about the process:

https://medium.com/the-ubiq-report/nucleus-transparency-report-6496e444bd85

Also explained in the transparency report, these funds are NOT for the devs. The funds are locked in a multisig wallet and the only transfers made out of that wallet are for folks who find older JBS wallets and submit a new claim for the swap. This was done to prevent users from getting left out of the swap in the event they were hospitalized, on vacation, or otherwise didn't pay attention to or forgot about the swap.




Other stuff:

"...and the only ubiq dev works for bittrex fulltime."

Yep, one of the developers works for Bittrex. I don't see why this is considered a negative. The work they do for Bittrex in no way benefits UBQ, and considering Bittrex is as legally compliant as they are with the SEC and other regulators, would you expect them to allow a conflict of interest to form and expose them to legal liability? If anything it means that one of the Ubiq developers is of high enough caliber that Bittrex deemed them a worthy hire.

There are 2 primary developers who work on UBQ full time. There are 2 other developers who work on other projects related to UBQ (such as the Signum hardware), but these two developers don't get too involved with the wallet software. Then there are other members who help out with community, moderation, public outreach, marketing, etc...

As with any open source software project such as Ubiq, any developer can choose to create issues and/or pull requests and supplement development. There have been multiple, smaller, contributions from community members.

Hopefully that helps to clear it up!

Edit:


What coin(s) are you talking about? Because this sounds like false info to me and I'm pretty well informed about Ubiq overall.

Is it the reason why some coins are switching to Waves from Ubiq platform?

You must have something better to do with your day. Children.. work.. wife.. dog.. addiction
I just jumped on UBIQ today, happy to be here and just so you know... your efforts are a waste of time.. seen one troll.. seen em all.. i use to throw banhammers for a living.

Hi! I try to be an open minded Person. Thats why i started mining 5 weeks ago because i´m interested in it.

So you -and everyone else- can call me newbie but i know the ethereum hype (i think it was may 17´) is gone. To be honest, i think it was over being efficient when i started but, it was the reason i started thinking about mining from the technical aspect.

And exactly this was the reason why i started mining ubiq from the very first second on instead of ethereum. And for sure i will mine until i got my ubiqs count togehter.

After this... at the very end i ask you what alternative you would suggest mining (with roundabout actual 0.5gh/s @ amd polaris Cards with ~0,2/kw/h). I think lots of people would like to hear this.
What i know right now (dont know if this is correct) that dagger hashimoto and ethash are the most suitable algos for my two rigs.

The Thing is... i fire up google and just get "ubiq, one of the underrated currenciews..." so near everyone else seems to be really positive, regardless the Technology.