This "one-click" mining discussion cracks me up..........
Yeah we don't want non-technical people in THIS coin - and besides the technical dudes who have done most of the mining to date need to have the lions share of future distributions. Thats perfectly obvious to all. Its not centralisation at all - its just a select group of the elite producing supply - its not like we are printing money or anything!
Lets change the name to MOC - Miners Only Coin - so any newcomers really get the clear message to "back off".
This is the best strategy to ensure distributed ownership and mass adoption so that UTC can be a grand success.
Best we make everyone pass a very demanding set of technical tests first, to earn the right to mine - we just can't afford to have any plumbers, bakers or truck drivers owning, trading or God forbid "mining our coin".
This one-click miner is a very dangerous idea - it cuts right to the basis of everything we stand for at UTC - can we make it much harder to mine please? - I just don't want to share it with any more people at all AND we need to limit the supply as much as possible so the price goes way up - THEN sell to those idiot non-technical believers before they realise that they were suckered.
Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 207. (Read 381060 times)
November 08, 2014, 07:26:50 PM
November 08, 2014, 07:04:17 PM
Hmm, dunno why, but when I run your settings 2 of my 6 cards run at 1.4 - 2.0 kh/s. The rest run at 3.43. The rig is with 8 gigs of ram, so the ram should't be the issue.
I get the same low hash on windows 8 but on vista I always get 3.5. Some thing about windows itself.It is good to realize that Nvidia needs lot of more trafic between main board (chipset, CPU, memory) and GPU than AMD.
Perhaps bottle neck come there just as one possible suspect about why.
What is HW combination what can really handle 6x GPU using maximal/enough datastream speed for all these.
AMD (O. CL) do not care example if use 1x risers (due to much less needed data trafic thru PCI-E). But Nvidia (Cuda) start suffer even in fastest HW system if use 1x communication with PCI-E. What HW (it need also look how CPU itself is related to this) is designed for handle with real full speed 6x Nvidia GPU data trafic through PCI-E. And still we are with easy Nfactor 14.
Also operating system may affect due to things how they share resources.
November 08, 2014, 03:20:46 PM
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November 08, 2014, 02:34:01 PM
There are already real uses for Ultracoin, and we get accepted by more and more businesses every week, of course, this trend needs to exponentially increased for Ultracoin to stay relevant which I am working on. However, if 90% of the Ultracoin is held in the hands of a small group (less than a thousand people) then how can we expect Ultracoin to remain decentralized? Do early adopters reap benefits? Of course, however, early adopters also include non-technical users that just want to mine with their GPU or gaming PC. Cryptocurrencies should not be be reserved for tech savvy individuals, a lot of the older generations control much of the wealth and commerce, and they too need to be involved. Not to mention that less tech savvy miners are going to be equipped with much less hash power (a GPU or two). If we want Ultracoin to be used for real world purposes, we need an economy, and to create that economy, we need more stakeholders. If not, Ultracoin will be centralized into the hands of the few, and with Scrypt-ChaCha, almost anybody can mine Ultracoin later down the road. Early adopters are still rewarded, but in this next step of Ultracoin's evolution we need more miners, users and businesses to use it.
There are already users that accept Ultracoin, for a larger list, check out the Use Ultracoin business directory or our Coinpayments directory: http://useultracoin.com/ | https://www.coinpayments.net/store-directory-coin-UTC
And I still encourage users to participate in creating paper tip wallets and loading them with Ultracoin, this is an almost guaranteed way to get people into Ultracoin and only costs a few dollars and some time: http://tumblingblock.com/generate-wallet.html (Will be updated to the new logo soon)
We cannot afford to keep our community small forever, we must expand or we will become irrelevant in time. This next step ensures vitality into our future. The more people using Ultracoin, the more vibrant the economy, thus the more volume, acceptance, value, etc.
The one click miner will hook up to the multi-pool by default, this will increase buy support, however their will be options to mine Ultracoin directly as well. This is important from an investors perspective, especially when investors possess minimum knowledge on how to mine. They do not want to mine coins that are being dumped as that sends a bad message, however both options are there.
Sincerely,
Steven "Rapture"
Management Director
[email protected]
Ultracoin Team
There are already users that accept Ultracoin, for a larger list, check out the Use Ultracoin business directory or our Coinpayments directory: http://useultracoin.com/ | https://www.coinpayments.net/store-directory-coin-UTC
And I still encourage users to participate in creating paper tip wallets and loading them with Ultracoin, this is an almost guaranteed way to get people into Ultracoin and only costs a few dollars and some time: http://tumblingblock.com/generate-wallet.html (Will be updated to the new logo soon)
We cannot afford to keep our community small forever, we must expand or we will become irrelevant in time. This next step ensures vitality into our future. The more people using Ultracoin, the more vibrant the economy, thus the more volume, acceptance, value, etc.
The one click miner will hook up to the multi-pool by default, this will increase buy support, however their will be options to mine Ultracoin directly as well. This is important from an investors perspective, especially when investors possess minimum knowledge on how to mine. They do not want to mine coins that are being dumped as that sends a bad message, however both options are there.
Sincerely,
Steven "Rapture"
Management Director
[email protected]
Ultracoin Team
November 08, 2014, 01:55:09 PM
I still disagree with the one click miner idea. Aiming to bring in un-technical people will surely raise difficulty and push out some of the loyal supporters/early adopters who do not have access to cheap electric.
As I said before more buy support is needed before making it easier to mine. Until UTC has a real world purpose, it is not much different than all the sh*tcoins out there.
As I said before more buy support is needed before making it easier to mine. Until UTC has a real world purpose, it is not much different than all the sh*tcoins out there.
November 08, 2014, 10:45:41 AM
I see it as a natural step in the development, we want more un-techincal people to join the crypto race, a simpler setup would set us apart and appeal to the masses. Make us stick out!
I just don't see the correlation between more novice miners and more dumping. More miners means higher difficulty but the amount of coins generated in total every day is the same. I think the new people are more likely to save and use their new coins compared to miners who are chasing return of investment.
I just don't see the correlation between more novice miners and more dumping. More miners means higher difficulty but the amount of coins generated in total every day is the same. I think the new people are more likely to save and use their new coins compared to miners who are chasing return of investment.
+1 there really isn't counter argument... at.all.
November 08, 2014, 09:40:13 AM
I see it as a natural step in the development, we want more un-techincal people to join the crypto race, a simpler setup would set us apart and appeal to the masses. Make us stick out!
I just don't see the correlation between more novice miners and more dumping. More miners means higher difficulty but the amount of coins generated in total every day is the same. I think the new people are more likely to save and use their new coins compared to miners who are chasing return of investment.
I just don't see the correlation between more novice miners and more dumping. More miners means higher difficulty but the amount of coins generated in total every day is the same. I think the new people are more likely to save and use their new coins compared to miners who are chasing return of investment.
November 08, 2014, 07:51:12 AM
Personally, I feel management need to spend time creating uses for UTC, ways to spend, a reason to want/need UTC before making it easier to create/mine more UTC's.
Exactly. Also it is today easy for mine.
And if people feel he really need UTC for some reason, he can buy. All time there is mined more UTC's than there is buyers. Why set this kind of Nfactor timetable and using chacha algo and after then try generate easymine tools, what is logic?
Also there is so much HW and software (OS versions etc things, including GPU versions and there also different manufacture lots and possible cnahges in they FW's etc) combinations that one click miner what works in all Computers/rigs is nice dream but I suspect it never happend. But of course some kind of one click miner is possible for limited amount of HW/SW combinations. I'm also not sure do this mean for AMD or Nvidia or both.
Perhaps if want support more "easyminers" it is more easy way to teach some Basic Fundamentals and principles to peoples about mining and configurations and so on, how settings related each others and what they really mean. To peoples who have very different levels of skills, experience and knowledge and also to lazy peoples who want all just now as free lounge or even so that some people serve directly with spoon to mouth. If people want salary, it need work. There is not real free lounges.
November 08, 2014, 07:28:48 AM
Hmm, dunno why, but when I run your settings 2 of my 6 cards run at 1.4 - 2.0 kh/s. The rest run at 3.43. The rig is with 8 gigs of ram, so the ram should't be the issue.
I get the same low hash on windows 8 but on vista I always get 3.5. Some thing about windows itself.It is good to realize that Nvidia needs lot of more trafic between main board (chipset, CPU, memory) and GPU than AMD.
Perhaps bottle neck come there just as one possible suspect about why.
What is HW combination what can really handle 6x GPU using maximal/enough datastream speed for all these.
AMD (O. CL) do not care example if use 1x risers (due to much less needed data trafic thru PCI-E). But Nvidia (Cuda) start suffer even in fastest HW system if use 1x communication with PCI-E. What HW (it need also look how CPU itself is related to this) is designed for handle with real full speed 6x Nvidia GPU data trafic through PCI-E. And still we are with easy Nfactor 14.
Also operating system may affect due to things how they share resources.
November 08, 2014, 06:46:21 AM
Totally disagree with the one-click miner idea. Will it not lead to the coin being raped by the masses, driving down profitability until it will only be cost effective to mine wherever in the world electric is cheapest (china)? EU miners will be squeezed out of the mining with our high electric costs.
Buy support is low enough at times already, making it easier to mine, & thus increasing coin supply, will surely only serve to decrease the longterm price.
Personally, I feel management need to spend time creating uses for UTC, ways to spend, a reason to want/need UTC before making it easier to create/mine more UTC's.
Buy support is low enough at times already, making it easier to mine, & thus increasing coin supply, will surely only serve to decrease the longterm price.
Personally, I feel management need to spend time creating uses for UTC, ways to spend, a reason to want/need UTC before making it easier to create/mine more UTC's.
November 08, 2014, 06:31:26 AM
Hmm, dunno why, but when I run your settings 2 of my 6 cards run at 1.4 - 2.0 kh/s. The rest run at 3.43. The rig is with 8 gigs of ram, so the ram should't be the issue.
I get the same low hash on windows 8 but on vista I always get 3.5. Some thing about windows itself. November 08, 2014, 03:17:44 AM
Hello Thiago,
The one click miner doesn't make it any easier for multi-pools to set up miners. It is already possible for multi-pools to be set-up to mine Scrypt-ChaCha:14. I also believe that having the one click miner should, on its own, increase network hash and buy support to such a degree that it would minimize any loss to multi-pools. Bringing Ultracoin mining out of the realm of the esoteric and into the mainstream and general mining community should do a lot for the coins image, acceptance, and distribution. Meaning more users and larger expansion of the coin, this could be big.
Sincerely,
Steven "Rapture"
Management Director
[email protected]
The one click miner doesn't make it any easier for multi-pools to set up miners. It is already possible for multi-pools to be set-up to mine Scrypt-ChaCha:14. I also believe that having the one click miner should, on its own, increase network hash and buy support to such a degree that it would minimize any loss to multi-pools. Bringing Ultracoin mining out of the realm of the esoteric and into the mainstream and general mining community should do a lot for the coins image, acceptance, and distribution. Meaning more users and larger expansion of the coin, this could be big.
Sincerely,
Steven "Rapture"
Management Director
[email protected]
Totally agree. Its not a secret that even now multipools can easily jump on the UTC network. The better coin distribution and adoption are always good for a crypto currency.
November 08, 2014, 02:52:10 AM
Hello Thiago,
The one click miner doesn't make it any easier for multi-pools to set up miners. It is already possible for multi-pools to be set-up to mine Scrypt-ChaCha:14. I also believe that having the one click miner should, on its own, increase network hash and buy support to such a degree that it would minimize any loss to multi-pools. Bringing Ultracoin mining out of the realm of the esoteric and into the mainstream and general mining community should do a lot for the coins image, acceptance, and distribution. Meaning more users and larger expansion of the coin, this could be big.
Sincerely,
Steven "Rapture"
Management Director
[email protected]
The one click miner doesn't make it any easier for multi-pools to set up miners. It is already possible for multi-pools to be set-up to mine Scrypt-ChaCha:14. I also believe that having the one click miner should, on its own, increase network hash and buy support to such a degree that it would minimize any loss to multi-pools. Bringing Ultracoin mining out of the realm of the esoteric and into the mainstream and general mining community should do a lot for the coins image, acceptance, and distribution. Meaning more users and larger expansion of the coin, this could be big.
Sincerely,
Steven "Rapture"
Management Director
[email protected]
November 07, 2014, 08:13:54 PM
Hello ladies & gentlemen,
For those of you that asked, and have expressed their opinion that Ultracoin mining is difficult (expletives redacted) a one click miner is on the way! This miner will be geared towards new and experienced miners of Ultracoin and will ultimately expand our network hash and the buy support for the coin. Development is already underway, so stay tuned for updates.
Sincerely,
Steven "Rapture"
Management Director
[email protected]
For those of you that asked, and have expressed their opinion that Ultracoin mining is difficult (expletives redacted) a one click miner is on the way! This miner will be geared towards new and experienced miners of Ultracoin and will ultimately expand our network hash and the buy support for the coin. Development is already underway, so stay tuned for updates.
Sincerely,
Steven "Rapture"
Management Director
[email protected]
I always agree with everything but this time not,you are giving tools to MULTIPOOLS to miner and sell CHEAP
November 07, 2014, 06:15:56 PM
ChangeTip is all over the news today. Can Ultracoin get involved with that? It looks amazing!
November 07, 2014, 04:26:00 AM
pls config giga 7950? thank
November 07, 2014, 03:27:20 AM
Hmm, dunno why, but when I run your settings 2 of my 6 cards run at 1.4 - 2.0 kh/s. The rest run at 3.43. The rig is with 8 gigs of ram, so the ram should't be the issue.
November 07, 2014, 02:33:32 AM
G1620/4Gb ram/pro btc H61/700W/Win 8.1 - 6x750Ti
How to squeeze 3.3kh/s?
How to squeeze 3.3kh/s?
Latest drivers + cudaminer-2014-02-28 + " cudaminer -s 10 --algo=scrypt-jane:UTC -H 2 -i 0 -m 2 -l t25x4 -L 4 -b 16384 "
You can also downclock the memory, its not that important. My gigabytes run on +135 core +0 mem
On my Gigabyte 750TI clocked at 1215Mhz (stock clock) I get 3.5 with -H 2 -L 2 -i 0 -l t64x1 -b 4096 -m 1
November 07, 2014, 02:18:08 AM
G1620/4Gb ram/pro btc H61/700W/Win 8.1 - 6x750Ti
How to squeeze 3.3kh/s?
How to squeeze 3.3kh/s?
Latest drivers + cudaminer-2014-02-28 + " cudaminer -s 10 --algo=scrypt-jane:UTC -H 2 -i 0 -m 2 -l t25x4 -L 4 -b 16384 "
You can also downclock the memory, its not that important. My gigabytes run on +135 core +0 mem
November 07, 2014, 02:15:19 AM
Hello ladies & gentlemen,
For those of you that asked, and have expressed their opinion that Ultracoin mining is difficult (expletives redacted) a one click miner is on the way! This miner will be geared towards new and experienced miners of Ultracoin and will ultimately expand our network hash and the buy support for the coin. Development is already underway, so stay tuned for updates.
Sincerely,
Steven "Rapture"
Management Director
[email protected]
For those of you that asked, and have expressed their opinion that Ultracoin mining is difficult (expletives redacted) a one click miner is on the way! This miner will be geared towards new and experienced miners of Ultracoin and will ultimately expand our network hash and the buy support for the coin. Development is already underway, so stay tuned for updates.
Sincerely,
Steven "Rapture"
Management Director
[email protected]
Great news! But in the meantime those who want to mine/support UTC but can't set miner up you can always use out multipool and mine x11 or scrypt - it's easier to set up
Talking about multipool - when new ASICs are coming?
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