Author

Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 256. (Read 946650 times)

hero member
Activity: 693
Merit: 500
anyone got the new settings for the R9 280... or let me know where it has been posted.

CONFIG GENERATOR
Raw version: http://www.ultracoin.net/configgen_raw.html

sorry i do not understand the math on all this.

It's not easy, so you're not alone... You can just use it and see if it works, or spend three months pouring over the code to figure out how it works Smiley
full member
Activity: 426
Merit: 100
Bummer when I saw the 65 low price I thought beauty my 666 buy price on Mintpal would have gone through ... unfortunately for me Mintpal only dropped to 7 ... damn ... I thought I had some play money then
newbie
Activity: 9
Merit: 0
@devs

On first page there is a list item:
- Current Nfactor Configs: NFactor Configs for the April 5th Change are being Optimized as we Speak. Stay Tuned!

Should just put there:
- Current Nfactor Config: https://bitcointalksearch.org/topic/m.6101155 , for more configs stay tuned!
- CONFIG GENERATOR, Raw version: http://www.ultracoin.net/configgen_raw.html

----

My thoughts about the coin.
It has a great spec! I like PoW and i like PoS. PoS only coins have the energy advantage, but it lacks mostly the fun of PoW!
UTC has a meaning, be a fast coin, ultrafast. It should focus on differetiating itself in that meaning.
So efforts should focus on positioning and promoting the coin, which I think the devs are doing, and doing fine atm.
Nothing beats the power of work, hype goes away with next new hype.
Also the whole crypto-currency is going through a difficult moment, the ones which keep evolving may go out very strenghtened.

Scrypt-Jane is fine also imo, it is not so heavy like X11 and not so light as Scrypt... so a secure and load balanced algorithm.
I personally would even like to see a newer N increase! I feel GPUs should beat CPUs always, but a well balanced coin imo should have a GPU making not so many times a CPU. So a GPU rig miner would be making perhaps some ~25-100 times what a half-cores CPU, or idle CPU miner would, making it some atractive to both. There I think N should park... because memory will be high enough that an ASIC would be basically a modified GPU but costing way more than a comercial available GPU. Maybe switching to the N-Adaptative Scrypt would be an option.

Decreasing PoW reward may scare miners to other coins until it is more profitable, so an alternative should be given, like a multipool Scrypt paying in UTC. Which I think is a great idea for many reasons.
Also switching some of the PoW reward to PoS rewards would be a good option... and decreasing PoS time to few hours (yep, I said hours) may encourage wallet to stay up always, using a fraction of the lowered PoW reward into the PoS reward.

Besides that, keep trying to make the coin be used. By tiping, by arbitrage, by selling virtual itens (simple non priceable things)... all these are what i think can boost the coin.

Regards,

newbie
Activity: 53
Merit: 0
when btc price drops, utc drops too.  Cry
newbie
Activity: 7
Merit: 0
@Bumface

just wondering when you change the block reward have you thought about how miner's will stop mining ??

at the moment we are struggling just to cover cost so when it drops to 15 per block i and many others wont ever be able to cover cost and will have to turn the pc's off or change coins just a thought
full member
Activity: 136
Merit: 100
Does anyone know what I have done wrong? This is my mining bat file:

Code:
setx GPUMAXALLOCPERCENT 100
setx GPUUSESYNCOBJECTS 1
ultracoinminer -o stratum+tcp://ultra.nitro.org:4337 -u Chris180.1 -p 12 --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 8192 -g 2 -I 13 -w 256

Whatever mining pool I use, it never shows my worker as active when I run this and I can't seem to be able to mine any coins. Is there anything I am doing wrong? Thanks.


 I think you are missing the de-limiters in your setx arguments...I think. Should be
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECT 1 (this is only needed if your cpu is working to hard)

Edit: I think this is wrong, de-limiters proly not needed
legendary
Activity: 1638
Merit: 1011
jakiman is back!
full member
Activity: 136
Merit: 100

CONFIG GENERATOR
Raw version: http://www.ultracoin.net/configgen_raw.html
>>> Did you make this ThirtyBird? Want to give credit where its due. Smiley


Yes, I did write that
That's a great tool. Many needed that. Although it was more rewarding figuring it out  Cool

Now I using yacminer, just a few questions if someone could answer please.

What does FB:x mean in the miner console top right corner?
What does T:1 mean?   Is it Cpu threads??
I take it Diff does not read correctly? Current Diff:85.1k?

I still don't know what ST:x , SS:x , NB: xx mean
Also pool says "pool" diff 32 NF 12 - What does NF mean??

OK, that's it, thanks.


Take a look in the readme that's included, then if something has been left out or is unclear, please PM me so I know where the documentation needs to be improved.  Thank you.

Though you will not find an answer to the diff question - it's the same one asked often.  Scrypt share difficulty is 65,536 times what the reported difficulty is, so if it shows 85.1K, the diff of the coin is around 1.3.  Displaying it like that is confusing I guess, but it keeps the units of difficulty the same throughout the program and interface.

Ok, I missed a readme file, there are a few of them. All my questions answered in the one I missed, thanks.
member
Activity: 86
Merit: 10
Does anyone know what I have done wrong? This is my mining bat file:

Code:
setx GPUMAXALLOCPERCENT 100
setx GPUUSESYNCOBJECTS 1
ultracoinminer -o stratum+tcp://ultra.nitro.org:4337 -u Chris180.1 -p 12 --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 8192 -g 2 -I 13 -w 256

Whatever mining pool I use, it never shows my worker as active when I run this and I can't seem to be able to mine any coins. Is there anything I am doing wrong? Thanks.

Does your worker password = 12
full member
Activity: 238
Merit: 100
Does anyone know what I have done wrong? This is my mining bat file:

Code:
setx GPUMAXALLOCPERCENT 100
setx GPUUSESYNCOBJECTS 1
ultracoinminer -o stratum+tcp://ultra.nitro.org:4337 -u Chris180.1 -p 12 --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 8192 -g 2 -I 13 -w 256

Whatever mining pool I use, it never shows my worker as active when I run this and I can't seem to be able to mine any coins. Is there anything I am doing wrong? Thanks.
newbie
Activity: 11
Merit: 0
anyone got the new settings for the R9 280... or let me know where it has been posted.

CONFIG GENERATOR
Raw version: http://www.ultracoin.net/configgen_raw.html

sorry i do not understand the math on all this.
newbie
Activity: 11
Merit: 0
everything is gonna be fine  Grin

@ dwolfx you are talking about alot of things that are already planned in the wallet updates, and have been outlined pages back.and to be honest i think alot of your suggestions are acts of dispair.

Team UTC does not look at the price to determine the value of the coin, we know what we are developing and we know how big it will be.

how big will it be Wink
hero member
Activity: 728
Merit: 501
everything is gonna be fine  Grin

@ dwolfx you are talking about alot of things that are already planned in the wallet updates, and have been outlined pages back.and to be honest i think alot of your suggestions are acts of dispair.

Team UTC does not look at the price to determine the value of the coin, we know what we are developing and we know how big it will be.
hero member
Activity: 525
Merit: 500
Nitro pool issue could of and should of been sorted months ago.
newbie
Activity: 42
Merit: 0
full member
Activity: 228
Merit: 100
I like the sound of X11 actually  Lips sealed
hero member
Activity: 829
Merit: 1000
I mine this coin, and I support lowering the block reward although I think there are other solutions!

The net effect of lowering the block reward will be that people will be mining a coin that is more stable in value but less profitable to dump, thats all.

I have mined over 60,000 UTC, i have sold all but 10,000 coins.

The reason I had to sell those coins was not because of the price falling it was because of the following concerns:

1) Inflation rate is out of control(not because it is high, but because it WILL BE HIGH for a VERY LONG TIME)
2) The coin is very centralized on only one pool, there pretty much is only one pool to mine Ultra-Coin on, because if you mine anywhere else other than Nitro, you will have 30~40% less coins than if you mined on nitro, due to stales, rej, orphans , etc... etc.... while on Nitro simply because of their size you are pretty much a subsidized miner compared to other pools, (that goes to say that other pools are essentially suffering for you to mine more on Nitro).

Thats not a healthy model for a coin, I can't really be a long-term part of that, even though I been with this coin from the beginning.

3) This coin was markted as "ultra coin" yet there isn't really all that much about this coin that makes it "ultra anything" its pretty much just a normal coin, with a good algo that makes it hard to mine with ASICS.
----------

Things that would make me really say "wow ultra coin is ultra awesome"

-Find a way to cut costs for miners, make this coin run colder on GPUS, I don't think CPU mining is the answer.
A dedicated Ultra-Coin Miner not based completely on Cgminer is needed, the miner should just attempt to self-tune and mine on graphics hardware, breaking even while mining on cpu/gpu is not going to end-well, the net hash will drop HARD.
If you could lower electrical consumption that would be awesome.
Honestly, If you could make a more Asic resistant version of X-11 or something similar, and cut electrical consumption to simply make GPUS COMPETITIVE with ASICS that would be better.


-The wallet sucks and is boring MegaCoins wallet is interesting, also UltraCoin wallet TAKES FOREVER TO LOAD (not sure if a new version addresses this).

-Maybe instead of lowering the block reward , just increase it , so we can mine out the coin and put it into TxFee Mining only mode.
This way everything is already in circulation, think of increasing it as a community AIRDROP of coins to miners.
Miners would love this cause they would get coins and save electricity (since they wont have to mine for years to get the same coins).
Buyers and Bagholders would love this because the coin would finally just crash and hit its low and start to rebound in real value.



THE KEY TO SUCCESS IS VOLUME, NOT HIGH PRICES.



What I would focus on as dev:
-Improve Wallet (not just skins) but make it more appealing and easy to use and more robust, all the coins are essentially on generation 1 wallet software and lets be honest, the wallet is a steaming pile of Doge Doo
-Write some dedicated adaptive mining software, even if its still based on Cgminer
-Focus on keeping it a community coin, best way to do that is to appeal to people with GPU hardware since the majority of people mining  . . . mine with GPUS, what will happen when ultra coin becomes a CPU only coin? the community will dissolve thats what.
-Fix the nethash being 99% Nitro, its ridiculous and makes the coin look like a joke.
-Fork the coin to a more GPU efficient algo, like X11, Scrypt Jane is getting OLD, make some hybrid X11 thing or something or Dual Algos X11/Jane give people a choice.
-Make the coin mine-able with some other coin, like vert or something this way people can mine Ultra and still stay profitable.
-Maybe don't lower the block reward, INCREASE IT so the coin finally crashes gets mined out and goes into POS mode and mining for TxFees, make it mine out in a month , it would be like an air-drop to the community (pretty much consists of miners and a few bag-holders at this point).
There really isnt a reason to draw out such a high rate of inflation for YEARS, just put coins in circulation the free market will adapt and the coins price will rise once it is fully distributed.

I know that sounds un-fair to people who bought in on IPO'S etc, but do you really REALLY think they care if their 50,000 coins go from 3 cents to 1 cents? at this point?
In-fact airdropping the coin to miners, would probably endup BOOSTING the price as volume and volatility will soar!


Just my 2 cents.



I vote

CUT THE CAP IN HALF
INCREASE THE BLOCK REWARD TO WHERE WE WOULD ENTER TXMINING Mode in a month
Fork to more energy efficient algo / dual algos
Lower time required to gain interest on coins to 0.05% a month thats like a little over 1% a year.








I'm out from UTC mining for a week now, also mined similar amount, also left only 10k just in case.
All you wrote is almost all what I was thinking so ...
+ 1
full member
Activity: 168
Merit: 100
I mine this coin, and I support lowering the block reward although I think there are other solutions!

The net effect of lowering the block reward will be that people will be mining a coin that is more stable in value but less profitable to dump, thats all.

I have mined over 60,000 UTC, i have sold all but 10,000 coins.

The reason I had to sell those coins was not because of the price falling it was because of the following concerns:

1) Inflation rate is out of control(not because it is high, but because it WILL BE HIGH for a VERY LONG TIME)
2) The coin is very centralized on only one pool, there pretty much is only one pool to mine Ultra-Coin on, because if you mine anywhere else other than Nitro, you will have 30~40% less coins than if you mined on nitro, due to stales, rej, orphans , etc... etc.... while on Nitro simply because of their size you are pretty much a subsidized miner compared to other pools, (that goes to say that other pools are essentially suffering for you to mine more on Nitro).

Thats not a healthy model for a coin, I can't really be a long-term part of that, even though I been with this coin from the beginning.

3) This coin was markted as "ultra coin" yet there isn't really all that much about this coin that makes it "ultra anything" its pretty much just a normal coin, with a good algo that makes it hard to mine with ASICS.
----------

Things that would make me really say "wow ultra coin is ultra awesome"

-Find a way to cut costs for miners, make this coin run colder on GPUS, I don't think CPU mining is the answer.
A dedicated Ultra-Coin Miner not based completely on Cgminer is needed, the miner should just attempt to self-tune and mine on graphics hardware, breaking even while mining on cpu/gpu is not going to end-well, the net hash will drop HARD.
If you could lower electrical consumption that would be awesome.
Honestly, If you could make a more Asic resistant version of X-11 or something similar, and cut electrical consumption to simply make GPUS COMPETITIVE with ASICS that would be better.


-The wallet sucks and is boring MegaCoins wallet is interesting, also UltraCoin wallet TAKES FOREVER TO LOAD (not sure if a new version addresses this).

-Maybe instead of lowering the block reward , just increase it , so we can mine out the coin and put it into TxFee Mining only mode.
This way everything is already in circulation, think of increasing it as a community AIRDROP of coins to miners.
Miners would love this cause they would get coins and save electricity (since they wont have to mine for years to get the same coins).
Buyers and Bagholders would love this because the coin would finally just crash and hit its low and start to rebound in real value.



THE KEY TO SUCCESS IS VOLUME, NOT HIGH PRICES.



What I would focus on as dev:
-Improve Wallet (not just skins) but make it more appealing and easy to use and more robust, all the coins are essentially on generation 1 wallet software and lets be honest, the wallet is a steaming pile of Doge Doo
-Write some dedicated adaptive mining software, even if its still based on Cgminer
-Focus on keeping it a community coin, best way to do that is to appeal to people with GPU hardware since the majority of people mining  . . . mine with GPUS, what will happen when ultra coin becomes a CPU only coin? the community will dissolve thats what.
-Fix the nethash being 99% Nitro, its ridiculous and makes the coin look like a joke.
-Fork the coin to a more GPU efficient algo, like X11, Scrypt Jane is getting OLD, make some hybrid X11 thing or something or Dual Algos X11/Jane give people a choice.
-Make the coin mine-able with some other coin, like vert or something this way people can mine Ultra and still stay profitable.
-Maybe don't lower the block reward, INCREASE IT so the coin finally crashes gets mined out and goes into POS mode and mining for TxFees, make it mine out in a month , it would be like an air-drop to the community (pretty much consists of miners and a few bag-holders at this point).
There really isnt a reason to draw out such a high rate of inflation for YEARS, just put coins in circulation the free market will adapt and the coins price will rise once it is fully distributed.

I know that sounds un-fair to people who bought in on IPO'S etc, but do you really REALLY think they care if their 50,000 coins go from 3 cents to 1 cents? at this point?
In-fact airdropping the coin to miners, would probably endup BOOSTING the price as volume and volatility will soar!


Just my 2 cents.



I vote

CUT THE CAP IN HALF
INCREASE THE BLOCK REWARD TO WHERE WE WOULD ENTER TXMINING Mode in a month
Fork to more energy efficient algo / dual algos
Lower time required to gain interest on coins to 0.05% a month thats like a little over 1% a year.


+1
I like your vision

We need a community Vote   Wink  lets make a POLL with some ideas !
newbie
Activity: 39
Merit: 0
I mine this coin, and I support lowering the block reward although I think there are other solutions!

The net effect of lowering the block reward will be that people will be mining a coin that is more stable in value but less profitable to dump, thats all.

I have mined over 60,000 UTC, i have sold all but 10,000 coins.

The reason I had to sell those coins was not because of the price falling it was because of the following concerns:

1) Inflation rate is out of control(not because it is high, but because it WILL BE HIGH for a VERY LONG TIME)
2) The coin is very centralized on only one pool, there pretty much is only one pool to mine Ultra-Coin on, because if you mine anywhere else other than Nitro, you will have 30~40% less coins than if you mined on nitro, due to stales, rej, orphans , etc... etc.... while on Nitro simply because of their size you are pretty much a subsidized miner compared to other pools, (that goes to say that other pools are essentially suffering for you to mine more on Nitro).

Thats not a healthy model for a coin, I can't really be a long-term part of that, even though I been with this coin from the beginning.

3) This coin was markted as "ultra coin" yet there isn't really all that much about this coin that makes it "ultra anything" its pretty much just a normal coin, with a good algo that makes it hard to mine with ASICS.
----------

Things that would make me really say "wow ultra coin is ultra awesome"

-Find a way to cut costs for miners, make this coin run colder on GPUS, I don't think CPU mining is the answer.
A dedicated Ultra-Coin Miner not based completely on Cgminer is needed, the miner should just attempt to self-tune and mine on graphics hardware, breaking even while mining on cpu/gpu is not going to end-well, the net hash will drop HARD.
If you could lower electrical consumption that would be awesome.
Honestly, If you could make a more Asic resistant version of X-11 or something similar, and cut electrical consumption to simply make GPUS COMPETITIVE with ASICS that would be better.


-The wallet sucks and is boring MegaCoins wallet is interesting, also UltraCoin wallet TAKES FOREVER TO LOAD (not sure if a new version addresses this).

-Maybe instead of lowering the block reward , just increase it , so we can mine out the coin and put it into TxFee Mining only mode.
This way everything is already in circulation, think of increasing it as a community AIRDROP of coins to miners.
Miners would love this cause they would get coins and save electricity (since they wont have to mine for years to get the same coins).
Buyers and Bagholders would love this because the coin would finally just crash and hit its low and start to rebound in real value.



THE KEY TO SUCCESS IS VOLUME, NOT HIGH PRICES.



What I would focus on as dev:
-Improve Wallet (not just skins) but make it more appealing and easy to use and more robust, all the coins are essentially on generation 1 wallet software and lets be honest, the wallet is a steaming pile of Doge Doo
-Write some dedicated adaptive mining software, even if its still based on Cgminer
-Focus on keeping it a community coin, best way to do that is to appeal to people with GPU hardware since the majority of people mining  . . . mine with GPUS, what will happen when ultra coin becomes a CPU only coin? the community will dissolve thats what.
-Fix the nethash being 99% Nitro, its ridiculous and makes the coin look like a joke.
-Fork the coin to a more GPU efficient algo, like X11, Scrypt Jane is getting OLD, make some hybrid X11 thing or something or Dual Algos X11/Jane give people a choice.
-Make the coin mine-able with some other coin, like vert or something this way people can mine Ultra and still stay profitable.
-Maybe don't lower the block reward, INCREASE IT so the coin finally crashes gets mined out and goes into POS mode and mining for TxFees, make it mine out in a month , it would be like an air-drop to the community (pretty much consists of miners and a few bag-holders at this point).
There really isnt a reason to draw out such a high rate of inflation for YEARS, just put coins in circulation the free market will adapt and the coins price will rise once it is fully distributed.

I know that sounds un-fair to people who bought in on IPO'S etc, but do you really REALLY think they care if their 50,000 coins go from 3 cents to 1 cents? at this point?
In-fact airdropping the coin to miners, would probably endup BOOSTING the price as volume and volatility will soar!


Just my 2 cents.



I vote

CUT THE CAP IN HALF
INCREASE THE BLOCK REWARD TO WHERE WE WOULD ENTER TXMINING Mode in a month
Fork to more energy efficient algo / dual algos
Lower time required to gain interest on coins to 0.05% a month thats like a little over 1% a year.


+1
I like your vision
full member
Activity: 168
Merit: 100
I mine this coin, and I support lowering the block reward although I think there are other solutions!

The net effect of lowering the block reward will be that people will be mining a coin that is more stable in value but less profitable to dump, thats all.

I have mined over 60,000 UTC, i have sold all but 10,000 coins.

The reason I had to sell those coins was not because of the price falling it was because of the following concerns:

1) Inflation rate is out of control(not because it is high, but because it WILL BE HIGH for a VERY LONG TIME)
2) The coin is very centralized on only one pool, there pretty much is only one pool to mine Ultra-Coin on, because if you mine anywhere else other than Nitro, you will have 30~40% less coins than if you mined on nitro, due to stales, rej, orphans , etc... etc.... while on Nitro simply because of their size you are pretty much a subsidized miner compared to other pools, (that goes to say that other pools are essentially suffering for you to mine more on Nitro).

Thats not a healthy model for a coin, I can't really be a long-term part of that, even though I been with this coin from the beginning.

3) This coin was markted as "ultra coin" yet there isn't really all that much about this coin that makes it "ultra anything" its pretty much just a normal coin, with a good algo that makes it hard to mine with ASICS.
----------

Things that would make me really say "wow ultra coin is ultra awesome"

-Find a way to cut costs for miners, make this coin run colder on GPUS, I don't think CPU mining is the answer.
A dedicated Ultra-Coin Miner not based completely on Cgminer is needed, the miner should just attempt to self-tune and mine on graphics hardware, breaking even while mining on cpu/gpu is not going to end-well, the net hash will drop HARD.
If you could lower electrical consumption that would be awesome.
Honestly, If you could make a more Asic resistant version of X-11 or something similar, and cut electrical consumption to simply make GPUS COMPETITIVE with ASICS that would be better.


-The wallet sucks and is boring MegaCoins wallet is interesting, also UltraCoin wallet TAKES FOREVER TO LOAD (not sure if a new version addresses this).

-Maybe instead of lowering the block reward , just increase it , so we can mine out the coin and put it into TxFee Mining only mode.
This way everything is already in circulation, think of increasing it as a community AIRDROP of coins to miners.
Miners would love this cause they would get coins and save electricity (since they wont have to mine for years to get the same coins).
Buyers and Bagholders would love this because the coin would finally just crash and hit its low and start to rebound in real value.



THE KEY TO SUCCESS IS VOLUME, NOT HIGH PRICES.



What I would focus on as dev:
-Improve Wallet (not just skins) but make it more appealing and easy to use and more robust, all the coins are essentially on generation 1 wallet software and lets be honest, the wallet is a steaming pile of Doge Doo
-Write some dedicated adaptive mining software, even if its still based on Cgminer
-Focus on keeping it a community coin, best way to do that is to appeal to people with GPU hardware since the majority of people mining  . . . mine with GPUS, what will happen when ultra coin becomes a CPU only coin? the community will dissolve thats what.
-Fix the nethash being 99% Nitro, its ridiculous and makes the coin look like a joke.
-Fork the coin to a more GPU efficient algo, like X11, Scrypt Jane is getting OLD, make some hybrid X11 thing or something or Dual Algos X11/Jane give people a choice.
-Make the coin mine-able with some other coin, like vert or something this way people can mine Ultra and still stay profitable.
-Maybe don't lower the block reward, INCREASE IT so the coin finally crashes gets mined out and goes into POS mode and mining for TxFees, make it mine out in a month , it would be like an air-drop to the community (pretty much consists of miners and a few bag-holders at this point).
There really isnt a reason to draw out such a high rate of inflation for YEARS, just put coins in circulation the free market will adapt and the coins price will rise once it is fully distributed.

I know that sounds un-fair to people who bought in on IPO'S etc, but do you really REALLY think they care if their 50,000 coins go from 3 cents to 1 cents? at this point?
In-fact airdropping the coin to miners, would probably endup BOOSTING the price as volume and volatility will soar!


Just my 2 cents.



I vote

CUT THE CAP IN HALF
INCREASE THE BLOCK REWARD TO WHERE WE WOULD ENTER TXMINING Mode in a month
Fork to more energy efficient algo / dual algos
Lower time required to gain interest on coins to 0.05% a month thats like a little over 1% a year.


Why not put up a POLL with a few OPTIONS?Huh let the community vote on the direction of the coin!!!!






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