Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 104. (Read 381003 times)
January 17, 2016, 07:00:52 PM
I was wrong. My ultracoin wallet is staking fine. Apologises
January 17, 2016, 02:40:30 PM
Same here...the wallet and staking seem to be working fine...
Is the difficulty retargetting issue getting any better, or not?
Is the difficulty retargetting issue getting any better, or not?
January 16, 2016, 11:44:46 PM
fix the difficulty retarget
fix the difficulty retarget
fix the difficulty retarget
Ultracoin is half of the day the SLOWEST confirming coin in existence. (ULTRAslow)
fix the difficulty retarget
fix the difficulty retarget
Ultracoin is half of the day the SLOWEST confirming coin in existence. (ULTRAslow)
January 16, 2016, 10:26:46 PM
and wallet version v0.7.4.1-g-9-g23ef1a4-beta is still staking ok as of today
somebody here was saying its not working since Nov - but post vanished now - but staking is working
22 stakes in approx 6 hrs so far on one wallet - only 1 orphan
somebody here was saying its not working since Nov - but post vanished now - but staking is working
22 stakes in approx 6 hrs so far on one wallet - only 1 orphan
January 16, 2016, 07:57:57 PM
Thanks folks...
Usukan, if Steven and/or a dev don't sort this out, how does the community go about taking over the coin etc? I noticed a few posts ago someone offering their computer services to help out, but noone seems to have taken him up on it. What about the codes for everything, who has them?
Usukan, if Steven and/or a dev don't sort this out, how does the community go about taking over the coin etc? I noticed a few posts ago someone offering their computer services to help out, but noone seems to have taken him up on it. What about the codes for everything, who has them?
I believe the code is all open source on Github - between kracko/ultracoin2, dx11 and ziggy909 etc going back to earlier versions in bumface days.
Steven and the team (new dev/s) are best placed to sort things out - for which I suggest we give them some time to reveal their plan and execute it - but if not, somebody will step in and arrange the restructure required.
January 16, 2016, 06:38:31 PM
Thanks folks...
Usukan, if Steven and/or a dev don't sort this out, how does the community go about taking over the coin etc? I noticed a few posts ago someone offering their computer services to help out, but noone seems to have taken him up on it. What about the codes for everything, who has them?
Usukan, if Steven and/or a dev don't sort this out, how does the community go about taking over the coin etc? I noticed a few posts ago someone offering their computer services to help out, but noone seems to have taken him up on it. What about the codes for everything, who has them?
January 16, 2016, 04:10:24 PM
there are many of us that take a look on here once and a while. I think if Ultracoin ironed out the small issues it has we will see a huge turn in community activity and marketcap.
January 16, 2016, 03:44:35 PM
Well now that Cryptsy's gone Bittrex seems the next best alternative
https://bittrex.com/Market/?MarketName=BTC-UTC
Will UTC die? Interesting questions.
Basically if Steven and a new dev don't show up soon - I think another group of community members may just take over the coin and get it back on track.
Have a quick look over Coinmarketcap
https://coinmarketcap.com/
its a pretty nasty time to be in most alts - so dont lose sleep over current UTC price.
UTC's still got a pulse - but its weak for sure.
I think its called an induced coma.
https://bittrex.com/Market/?MarketName=BTC-UTC
Will UTC die? Interesting questions.
Basically if Steven and a new dev don't show up soon - I think another group of community members may just take over the coin and get it back on track.
Have a quick look over Coinmarketcap
https://coinmarketcap.com/
its a pretty nasty time to be in most alts - so dont lose sleep over current UTC price.
UTC's still got a pulse - but its weak for sure.
I think its called an induced coma.
January 15, 2016, 10:28:36 PM
Is this lovely idea going to die a slow, lingering death now?
No news doesn't sound like good news this time...
No news doesn't sound like good news this time...
January 12, 2016, 09:16:18 PM
January 12, 2016, 06:31:43 PM
I was bored so here's a basic visualization of the last 200 blocks (1635528-1635728) and the time between them (PoW+PoS together):
The first part of the graph is a flash mining period where the difficulty is way too low with 2-5 seconds between blocks and the spikes are when the difficulty is way too high.
The highest time between two blocks being 7205 seconds or two hours.
These 200 blocks were generated in 8.6 hours.
The problem is the difficulty retarget is too slow to change (as in, it waits too many blocks before it changes and then it changes way to much) and it's predictable.
Miners not mining during high difficulty periods (understandably so) make things worse.
The first part of the graph is a flash mining period where the difficulty is way too low with 2-5 seconds between blocks and the spikes are when the difficulty is way too high.
The highest time between two blocks being 7205 seconds or two hours.
These 200 blocks were generated in 8.6 hours.
The problem is the difficulty retarget is too slow to change (as in, it waits too many blocks before it changes and then it changes way to much) and it's predictable.
Miners not mining during high difficulty periods (understandably so) make things worse.
Someone needs to fix this issue who isn't rapture or Kracko and who will do it solely to benefit UTC as opposed to taking payments for it. I know I will be shouted down as a troll and my warnings and feedback ignored per usual.
YAC is now solidly above UTC in marketcap. YAC never had a self-appointed "management team" who begged for donations to take trips to Vegas and Miami. There is a difference between good promotion and bad promotion btw. I could go on about the contradictory and wrong approach of centralized manipulation in crypto, but there is no point now to do that here.
I want to say I have been right almost as much as rapture or Kracko has been wrong. However, it is really about being open-minded as opposed to this mentality of "I am the self-appointed leader, and it is my way or the highway."
Pretty sure it is just UTC difficulty algo being too sensitive and 'correcting' too far either side of optimum. Things seem to get a lot more twitchy at these low low N15+ POW diffs. Also as a POS/POW hybrid adjusting teh difficulty is even more complicated as the POW diff is in feedback with the POS diff so that a weighting between the two is maintained. I don't feel like looking it up but I have a strong hunch that the YAC difficulty adjustment settings are not as sensitive so you will not see as much oscillation in difficulty if you are trying to compare the two coins.
Yeah, the Peercoin exponential retarget is much more precise. And of course, what scrypt-chacha folks are used to seeing behind a network rate. I definitely prefer the stability this retarget brings, but since it only uses the last two blocks it's vulnerable to time manipulation.
Digishield can be oscillated more. It tends to overshoot a bit at the extremes. But while it swings more than before, the blocks still have an acceptable spacing over time. It appears to scale up nicely- Dogecoin doesn't appear to having any issues with it. I like the asymmetric rise/fall. Being able to correct downward faster than upward was a positive to making the coin more available to our dedicated miners by quickly recovering from those difficulty levels that leave the chain stuck. It's less affected from time manipulation. But, at the difficulty lows and the highs the network hash rate seems to go beyond the actual a bit when it overshoots.
I was hoping someone else would have some input on this good discussion...
I'm not smart enough to tackle how to strike the right balance with the difficulty adjustments. I know it has been a complaint with YAC in the past where it takes a couple weeks for the difficulty to adjust appropriately after the NFactor change. I feel this issue needs to be investigated because I don't think these difficulty swings are good. As a miner, I could just jump on when it is low and leave when it is high--maximizing my profits while hurting UTC. Am I missing something?
Kracko, I still don't understand why you are punishing miners in order to balance your two pools while the network is completely unbalanced. Has there been a fork now? Is that why Cryptsy has UTC under maintenance?
Meanwhile, it seems UTC will soon no longer have the largest marketcap for scrypt-chacha. And the coin that will be ahead of UTC has only one working pool. I am a big fan of decentralization, but the cost-benefit analysis of what you are doing is clear. Besides, that 3% takeaway from miners for the 'dev' fund becomes pretty meaningless as the price continues to fall. Just my thoughts...
Duly noted. Sorry you feel that way, but yet again, the retarget is going to stay as it is. In my mind, a little bounciness is preferable to leaving your miners with an overly high difficulty for a couple weeks. Be it time manipulation or intermittent miners, there will be a fast recovery.
The only one making an issue of the pools is you. There are no forks that I'm aware of. And you would have to ask Cryptsy, we haven't published any changes in production since the last release.
May the best coin win.
January 12, 2016, 12:16:34 PM
I was bored so here's a basic visualization of the last 200 blocks (1635528-1635728) and the time between them (PoW+PoS together):
The first part of the graph is a flash mining period where the difficulty is way too low with 2-5 seconds between blocks and the spikes are when the difficulty is way too high.
The highest time between two blocks being 7205 seconds or two hours.
These 200 blocks were generated in 8.6 hours.
The problem is the difficulty retarget is too slow to change (as in, it waits too many blocks before it changes and then it changes way to much) and it's predictable.
Miners not mining during high difficulty periods (understandably so) make things worse.
The first part of the graph is a flash mining period where the difficulty is way too low with 2-5 seconds between blocks and the spikes are when the difficulty is way too high.
The highest time between two blocks being 7205 seconds or two hours.
These 200 blocks were generated in 8.6 hours.
The problem is the difficulty retarget is too slow to change (as in, it waits too many blocks before it changes and then it changes way to much) and it's predictable.
Miners not mining during high difficulty periods (understandably so) make things worse.
January 11, 2016, 05:12:27 AM
It's quiet because we have nothing to discuss. We are all waitin for our awful dev to leave so Steven can get someone in who knows what's he's doing. In the mean time we just sit and wait . . . What else can is investors do? We have done our bit and invested heavily in this project like the owners wanted.
If you take on the roll as an altcoin dev you don't do it for 20minutes a month as a hobby. People such as myself have invested $15k+ in this project.
Ultracoin needs to attract more buyers/community members. we had them but due to bad Dev work and management they have gone. a financial investor needs to be found! All top 10 coins have millions. We had the unique fast transaction speed. That was a very attractive selling point!
Devs are busy with accumulaton of those cheap coins. When they buy enough they will release some news and pump the price. Pretty simple.If you take on the roll as an altcoin dev you don't do it for 20minutes a month as a hobby. People such as myself have invested $15k+ in this project.
Ultracoin needs to attract more buyers/community members. we had them but due to bad Dev work and management they have gone. a financial investor needs to be found! All top 10 coins have millions. We had the unique fast transaction speed. That was a very attractive selling point!
You really think the devs are that smart when they can't even push a decent difficulty retarget?
Why on God's green earth was a custom difficulty adjustment algorithm ever even used when there are so many tried and true ones to choose from? The algorithms are all open source. Why roll our own with absolutely no testing and worse, no quick recourse when things went bad?
Either I am completely misguided in this subject or someone made a big mistake.
January 09, 2016, 03:58:39 AM
I started with this coin on day 1 and have watched all the ups, downs, drama, whatever. IMHO there seems to be no future for UTC. Hope I'm wrong but I haven't seen much lately to change what's painfully obvious. Good luck all.
I dont reckon its over yet but admit its not healthy at present.
New Devs and some momentum this year should kick start things again.
Shame about Cryptsy but Bittrex and others will take over.
Happy New Year everyone
Cheers - usukan
January 08, 2016, 04:23:55 PM
Steven, give us some good news or any news TBH
January 08, 2016, 01:51:54 PM
I started with this coin on day 1 and have watched all the ups, downs, drama, whatever. IMHO there seems to be no future for UTC. Hope I'm wrong but I haven't seen much lately to change what's painfully obvious. Good luck all.
January 07, 2016, 02:52:59 PM
It's quiet because we have nothing to discuss. We are all waitin for our awful dev to leave so Steven can get someone in who knows what's he's doing. In the mean time we just sit and wait . . . What else can is investors do? We have done our bit and invested heavily in this project like the owners wanted.
If you take on the roll as an altcoin dev you don't do it for 20minutes a month as a hobby. People such as myself have invested $15k+ in this project.
Ultracoin needs to attract more buyers/community members. we had them but due to bad Dev work and management they have gone. a financial investor needs to be found! All top 10 coins have millions. We had the unique fast transaction speed. That was a very attractive selling point!
Devs are busy with accumulaton of those cheap coins. When they buy enough they will release some news and pump the price. Pretty simple.If you take on the roll as an altcoin dev you don't do it for 20minutes a month as a hobby. People such as myself have invested $15k+ in this project.
Ultracoin needs to attract more buyers/community members. we had them but due to bad Dev work and management they have gone. a financial investor needs to be found! All top 10 coins have millions. We had the unique fast transaction speed. That was a very attractive selling point!
There's no volume at all and no devs! Nobody is buying. Not at the levels you are talking about.
January 07, 2016, 11:50:13 AM
It's quiet because we have nothing to discuss. We are all waitin for our awful dev to leave so Steven can get someone in who knows what's he's doing. In the mean time we just sit and wait . . . What else can is investors do? We have done our bit and invested heavily in this project like the owners wanted.
If you take on the roll as an altcoin dev you don't do it for 20minutes a month as a hobby. People such as myself have invested $15k+ in this project.
Ultracoin needs to attract more buyers/community members. we had them but due to bad Dev work and management they have gone. a financial investor needs to be found! All top 10 coins have millions. We had the unique fast transaction speed. That was a very attractive selling point!
Devs are busy with accumulaton of those cheap coins. When they buy enough they will release some news and pump the price. Pretty simple.If you take on the roll as an altcoin dev you don't do it for 20minutes a month as a hobby. People such as myself have invested $15k+ in this project.
Ultracoin needs to attract more buyers/community members. we had them but due to bad Dev work and management they have gone. a financial investor needs to be found! All top 10 coins have millions. We had the unique fast transaction speed. That was a very attractive selling point!
You really think the devs are that smart when they can't even push a decent difficulty retarget?
January 07, 2016, 09:54:51 AM
It's quiet because we have nothing to discuss. We are all waitin for our awful dev to leave so Steven can get someone in who knows what's he's doing. In the mean time we just sit and wait . . . What else can is investors do? We have done our bit and invested heavily in this project like the owners wanted.
If you take on the roll as an altcoin dev you don't do it for 20minutes a month as a hobby. People such as myself have invested $15k+ in this project.
Ultracoin needs to attract more buyers/community members. we had them but due to bad Dev work and management they have gone. a financial investor needs to be found! All top 10 coins have millions. We had the unique fast transaction speed. That was a very attractive selling point!
Devs are busy with accumulaton of those cheap coins. When they buy enough they will release some news and pump the price. Pretty simple. If you take on the roll as an altcoin dev you don't do it for 20minutes a month as a hobby. People such as myself have invested $15k+ in this project.
Ultracoin needs to attract more buyers/community members. we had them but due to bad Dev work and management they have gone. a financial investor needs to be found! All top 10 coins have millions. We had the unique fast transaction speed. That was a very attractive selling point!
January 07, 2016, 09:15:10 AM
It's quiet because we have nothing to discuss. We are all waitin for our awful dev to leave so Steven can get someone in who knows what's he's doing. In the mean time we just sit and wait . . . What else can is investors do? We have done our bit and invested heavily in this project like the owners wanted.
If you take on the roll as an altcoin dev you don't do it for 20minutes a month as a hobby. People such as myself have invested $15k+ in this project.
Ultracoin needs to attract more buyers/community members. we had them but due to bad Dev work and management they have gone. a financial investor needs to be found! All top 10 coins have millions. We had the unique fast transaction speed. That was a very attractive selling point!
If you take on the roll as an altcoin dev you don't do it for 20minutes a month as a hobby. People such as myself have invested $15k+ in this project.
Ultracoin needs to attract more buyers/community members. we had them but due to bad Dev work and management they have gone. a financial investor needs to be found! All top 10 coins have millions. We had the unique fast transaction speed. That was a very attractive selling point!
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