Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 84. (Read 381063 times)

Thanks Alenevaa - I have sent these 3 issues directly to PressTab

Cheers - usukan

3. When wallet makes the transaction gathered from many inputs it can include as one input the PoS TX not fully confirmed yet.

 As a result TX is not sending immediately because wallet gets the RPC error.
 This TX sends after a while (from several hours to one day) or it can be stuck completely and it needs manual resend.

I don't have examples but I've seen this anomaly several times.

2. Wrong Net Hashrate calulation by command getmininginfo


In this example net hashrate is more than 600 KHash/s. As actual hashrate is slightly more than 100 KHash/s.

Also you can note  "powreward" : 0.01000000
But it should be 10.

As far as I can remember I faced with several type of errors/bugs while using ultracoin wallet on the pool.

1. Wrong balance by command listaccounts.
It's about 4 times more than actual balance. As the command getbalance gives (more or less) right sum.

Does anybody else have this bug?

on a Finance note

We have in the UTC Dev Fund
https://blockchain.info/address/1LpFmfieMBH63ivFA1Us5ju1jnH9CSccKZ

0.64637278 BTC

fabietech has pledged and additional 0.312 BTC

So our current total will be:

0.95837278 BTC

We need to have 1.2 approx BTC by the end of the week.

The shortfall is:

0.24162722 BTC

One more 10% contribution @ 0.312 BTC will cover this.


Additionally - we need to pay for the liteStake addition to the UTC wallet.

Its best we get PressTab onto this while he is focussed on UTC at present.

Cost 0.72 BTC

So total left to raise to complete these 3 projects is:

0.962 BTC




If anyone else in the Community wishes to support this work - we are very happy to hear from you now.

Any contributions large or small will be gratefully received and put to good use with PressTab.


Cheers - usukan

Thanks Beave - yes there is more than hope and a lot to look fwd to in UTC.  We will be taking it slowly but surely.

The long game wins.

Cheers - usukan

Thanks for your input on this Beave162 - hear what you are saying since I saw the continued and gradual demise of UTC unfold before my eyes.

I saw Steven working hard for UTC - but he was led on and lead astray by Kracko and a few other issues in the background with stakeholders. Steven fully realises this now.

The current community welcomed Steven back unanimously and with strong support.

So Steven is back.

I think its fair to say he has learnt a bit from his previous exploits and he will be unlikely to repeat his mistakes - which he is well aware of. This is how you learn and get better at the job.

In the future - UTC will be run by the genuine and committed members of the Community.  The Community will direct the UTC Committee and the Committee will manage development etc.  It will be up to the Leader and Committee to follow the wishes of the Community.  Not the Community to follow the wishes of any leader.

The overwhelming sentiment was that Kracko was actually the clown and he will not be coming back.

Community members who support UTC Dev by doing work or contributing funds to projects will be the key to the future of UTC.

That said - any projects or Committee members who lose the support of the Community - will be history.


Cheers - usukan

What would be a mistake is having this Steven, rapture333 stick around in any capacity. He is immature, unintelligent, irresponsible, lazy. I'm not sure he has made one good decision. The UTC network is a joke right now, and all he had to do was listen to reason. He needs to be completely divested from UTC if you want it to ever be taken seriously. I don't like to be negative, but come on. Welcoming this clown back?

I agree with this statement. I just want to point out how admirable ThirtyBird is about how he valued the challenge that used to come with increases in NFactor. But like he said, things are different now. If only more people would be welcoming challenges, more than just focusing on price or trying to pump a coin, good things would happen.

I'm not sure what you mean by having an android phone supporting a full client? What does that have to do with the NFactor?

The fear of botnets is a little overblown. The only worry in terms of botnets, or anything similar, is centralized control of the blockchain. At NFactor 15, UTC will be mined most efficiently with 750ti or R7 240 cards. There are a lot of people with those cards lying around who can ensure the blockchain is secure. NF14 is not a complete departure from that idea though. Like you say Hilux, it is more of the sweet spot at NF15.

I will add another point... Current prices incorporate speculation, which accounts for people betting on events years in the future. At higher NFactors, it could be that these newer CPUs with high memory cache will completely change the dynamics of profitable mining hardware and attract new miners, new interest. It is a good bet to say eventually GPUs will come with higher VRAM, which will have the same effect. There are no real negatives for UTC with that scenario.

I also agree that the lower energy consumption of higher NFactors is a big positive.

It is not a big issue to go from NF14 to NF15. Staying on NF14 would not be a mistake, even if not preferred.

Return of rapture333 (Steven)


Steven and I are now working closely together to move to the next stages of Ultracoin development.

Its going to be a little more exciting from now on.

Steven will post shortly

Basically - I will follow PressTab through to delivery of the tidied up code, retarget fix and liteStake code - Steven will take it from there but I will be around to assist wherever needed.

Steven will manage the fork etc with PressTab.

Steven will update the ANN, and Ultracoin website - and engage the social media channels.

I will let him talk about the other developments and marketing activities.

WELCOME BACK Steven

This is the dawn of a new era for ULTRACOIN


Cheers usukan

Thanks Beave and Thiago

Here are my thoughts on NF and block reward.

Everyone please discuss, agree or disagree.  Silence as always will be taken as agreement.

First - we have only just (Nov/Dec 2015) changed both these based on extended discussions from what was a much larger community base.  Although everyone did not agree 100% - overall this was the group consensus.

 - Lower the block reward from 30 to 10 UTC
 - Reduce NF from 16 to 14


On the NF

UTC was getting raped by botnets at NF16 - it had to be changed and quick.

Alenevaa made a useful post 11 Nov 2015.

Your miners need to use 4 times less memory at NF14 than they have used at NF16.

If roughly estimate [CPU] vs [GPU with 4GB VRAM]

Code:
NFactor | GPU advantage
-----------------------
NF17   | 1x  gpu has no advantage
NF16   | 2x
..
NF14   | 10x gpu 10 times faster

then we can clearly see that Ultracoin NF14 becomes GPU-coin.

From one side (negative) - it has no sense to mine Ultracoin with CPU now
From other side (positive) - Ultracoin will be more secure as GPU-miners stands well against botnets.

also
Quote from: lpedretti on October 27, 2015, 02:50:49 PM
Awesome!
Right in time for me to add another gpu to my rig Smiley
NF14 rocks. the best balance between mem usage and gpu stress



On the block reward - the current plan can be summarised:

Change notes:

Change to 10 UTC per block pending new update
10 UTC per block - 4,000,000
5 UTC per block - 6,000,000
2.5 UTC per block - 8,000,000
1.25 UTC per block - 20,000,000
1 UTC per block - 25,000,000
.5 UTC per block - 30,000,000
.25 UTC per block - 40,000,000
.125 UTC per block - 50,000,000
.01 UTC per block - 208,145,600

Change to 2% pending new update
1.5% per year at block 4,000,000
1% per year at block 8,000,000

GitHub Diff:

https://github.com/Kracko/ultracoin-2/compare/6135192516147ae7d478fd850b085165289558a1...Kracko:master

So it changes to a reward of 5 UTC from block 4,000,000
But in this post
https://bitcointalksearch.org/topic/m.12811221
lpedretti suggests that its not coded to change yet - but there is plenty of time before we hit block 4,000,000


My conclusions:

Block Reward

Maintain at 10 UTC for now.
We have just reduced it from 30.
We have few miners and to be quite honest we do not want to further discourage mining.
We only have 6-7 miners on Alenevaa's pool and maybe a solo miner or two.
Any less miners at this point is suicide.
When the price goes up (yes I believe it can only go up from here - barring a few dumps) - these miners who held UTC together in our darkest hour - need to be rewarded.
Sure if the price of UTC goes up substantially in the future - we can change (reduce) it before block 4,000,000.
But not now.
If we reduce it - in the thinking that will make the price go up (which we almost certainly know does not happen) and our miners leave - UTC is dead.
Leave block reward at 10 UTC


NF 14

Leave it at NF14
I have only seen positive feedback on NF14 over other NF's discussed
We avoid botnets which almost killed UTC
I am not a miner - so can offer no other wisdom here
lpedretti's comment is stuck in my mind "NF14 rocks. the best balance between mem usage and gpu stress"

Community - Please discuss.







Thanks - usukan

The Ultracoin team should  change how many coins for block 10 still to many 5 help the inflation

If any changes are to be made, now would be the time.

I wasn't trying to impose my views or anything. I was just genuinely curious if that was something being considered in the midst of all the other developments and changes.

This is a discussion for the miners to start and fill us in on really.

Could I just ask, as a novice here - what would it mean to change the N Factor? What should it be, and what would we change it to...and of course, what would be most advantageous, and why?

Cheers,

Roister01

Hi Beave162

No plans unless the community agrees there are good reasons to change.

What are your thoughts on this?

Please discuss.

Thanks - usukan