Unitus (UIS) - Superior Blockchain Technology: 1st Multi-Algo Merge-Mined - page 41.

WhyMe

sr. member

Activity: 661

Merit: 250

Quote from: nzsquirrell on January 14, 2016, 03:44:00 AM

Quote from: WhyMe on January 12, 2016, 07:55:18 PM

EDIT2 : seriously, can we keep blake algo ? Cool

let me guess... your solo mining blake and are mining every blake block? quite profitable that Wink

but also insecure, as one miner can easily claim 20% of the coin's network strength. hence the change to something that's likely to see a far greater spread of hashrate

Exactly, my 6950 represents ~100% of the blake hashrate since 1 or 2 days, so all last blake blocs are mine

What's the future for UIS ?

pallas

legendary

Activity: 2716

Merit: 1094

Black Belt Developer

Quote from: nzsquirrell on January 14, 2016, 03:44:00 AM

Quote from: WhyMe on January 12, 2016, 07:55:18 PM

EDIT2 : seriously, can we keep blake algo ? Cool

let me guess... your solo mining blake and are mining every blake block? quite profitable that Wink

but also insecure, as one miner can easily claim 20% of the coin's network strength. hence the change to something that's likely to see a far greater spread of hashrate

miners quickly adapt to what's profitable.
in general, you can eventually find some profitable chains, but it will be a small coin with low volume.
that is, unless you have a much faster miner, which can happen much more easily on less used algos than on the more common ones.

nzsquirrell

member

Activity: 113

Merit: 10

Quote from: WhyMe on January 12, 2016, 07:55:18 PM

EDIT2 : seriously, can we keep blake algo ? Cool

let me guess... your solo mining blake and are mining every blake block? quite profitable that Wink

but also insecure, as one miner can easily claim 20% of the coin's network strength. hence the change to something that's likely to see a far greater spread of hashrate

WhyMe

sr. member

Activity: 661

Merit: 250

Blocks import in progress on the new wallet

EDIT : hop, first block mined on the new wallet, just few minutes after launched it

EDIT2 : seriously, can we keep blake algo ? Cool

nzsquirrell

member

Activity: 113

Merit: 10

Coinmarketcap.com now showing the correct supply, taking into account the burnt coins. See http://coinmarketcap.com/currencies/unitus

Unitus 0.9.6 Released

See http://unitus.nutty.one/wallets for more details + downloads, but essentially we are hardforking @ block 450,000 onwards until finally at 455,000 when Lyra2re2 goes live.

HarryPorter

hero member

Activity: 610

Merit: 506

crypto = passion

Quote from: BARR_Official on January 11, 2016, 03:25:44 PM

We've now burned 13 Million UIS, so the total coin supply has been reduced by over 37%.

Since these coins are now 37% more rare, maybe people will stop dumping them so cheap.

thats a lots...

See no reason, why people dumping coin while UIS turn into up trend - that's not to cleaver I think, unless they want less profits then could get it.

BARR_Official

hero member

Activity: 686

Merit: 500

We've now burned 13 Million UIS, so the total coin supply has been reduced by over 37%.

Since these coins are now 37% more rare, maybe people will stop dumping them so cheap.

flound1129

hero member

Activity: 938

Merit: 1000

www.multipool.us

Multipool.us is now offering merged mining of Unitus with all X11 coins. Please update OP.

Thanks.

nzsquirrell

member

Activity: 113

Merit: 10

New Reddit tipbot for Unitus is alive - https://redd.it/4001zy

nzsquirrell

member

Activity: 113

Merit: 10

Quote from: BARR_Official on January 07, 2016, 03:27:50 PM

Quote from: HarryPorter on January 07, 2016, 03:15:42 PM

Quote from: rentodev on January 07, 2016, 08:24:47 AM

RE: coin supply, probably worth to deduct burned ones on the info page. More then 7M burned already, making UIS even more rare.

Am I counting right, this is 20% of total coins?

That is correct, one fifth of all Unitus.

We will probably be over a third soon, about 12 million.

Network info page (http://unitus.nutty.one/network) now showing mined, burnt and remaining supply values. Market value also updated to reflect burnt value.

BARR_Official

hero member

Activity: 686

Merit: 500

Quote from: HarryPorter on January 07, 2016, 03:15:42 PM

Quote from: rentodev on January 07, 2016, 08:24:47 AM

RE: coin supply, probably worth to deduct burned ones on the info page. More then 7M burned already, making UIS even more rare.

Am I counting right, this is 20% of total coins?

That is correct, one fifth of all Unitus.

We will probably be over a third soon, about 12 million.

HarryPorter

hero member

Activity: 610

Merit: 506

crypto = passion

Quote from: rentodev on January 07, 2016, 08:24:47 AM

RE: coin supply, probably worth to deduct burned ones on the info page. More then 7M burned already, making UIS even more rare.

Am I counting right, this is 20% of total coins?

rentodev

full member

Activity: 258

Merit: 100

romad.io - community manager

Quote from: nzsquirrell on January 07, 2016, 05:18:10 AM

Update

OK, code is looking pretty stable now, most of the issues ironed out. Lyre2RE2 will happen, Skein will stay in place unless you guys can start to offer a couple decent alternatives.

Timing: I'd hope to get the new version out within a couple of days from now, with the hardfork occuring in about 3 - 4 weeks. Given the significant changes involved, best to allow a good period of time before we break the network.

Request: I'd like for a couple of people to be able to run a seed node. Nothing more involved than having a static IP address, allowing inbound connections on port 50603 and be willing to update to the latest version when released.

If you can offer this please PM me an IP address.

Thanks

sounds good!

glad to see you have found some time to tinker with this little project of yours again

RE: coin supply, probably worth to deduct burned ones on the info page. More then 7M burned already, making UIS even more rare.

nzsquirrell

member

Activity: 113

Merit: 10

Update

OK, code is looking pretty stable now, most of the issues ironed out. Lyre2RE2 will happen, Skein will stay in place unless you guys can start to offer a couple decent alternatives.

Timing: I'd hope to get the new version out within a couple of days from now, with the hardfork occuring in about 3 - 4 weeks. Given the significant changes involved, best to allow a good period of time before we break the network.

Request: I'd like for a couple of people to be able to run a seed node. Nothing more involved than having a static IP address, allowing inbound connections on port 50603 and be willing to update to the latest version when released.

If you can offer this please PM me an IP address.

Thanks

BARR_Official

hero member

Activity: 686

Merit: 500

Quote from: nzsquirrell on January 06, 2016, 04:41:01 PM

Quote from: rentodev on January 06, 2016, 04:36:50 PM

looks like block explorer needs some kick, it's stuck on block 421620

Long time no see

Fixed. My wallet server ran out of disk space last night, lots of things died as a result.

It's back!

nzsquirrell

member

Activity: 113

Merit: 10

Quote from: rentodev on January 06, 2016, 04:36:50 PM

looks like block explorer needs some kick, it's stuck on block 421620

Long time no see

Fixed. My wallet server ran out of disk space last night, lots of things died as a result.

pallas

legendary

Activity: 2716

Merit: 1094

Black Belt Developer

Quote from: jakals on January 06, 2016, 02:23:45 PM

you can replace skein with luffa,an advice from me.

I don't think there is much to merge mine on luffa.

rentodev

full member

Activity: 258

Merit: 100

romad.io - community manager

looks like block explorer needs some kick, it's stuck on block 421620

nzsquirrell

member

Activity: 113

Merit: 10

Quote from: WhyMe on January 06, 2016, 02:29:44 PM

EDIT : blake miner on the site is always with old unitus.info url Wink

Good catch. Fixed now.

Re Skein replacement, I was considering Quark, but open to other ideas. Ideally we want something that has plenty of parent coin choices, but I'd prefer to steer clear of Scrypt and SHA256

WhyMe

sr. member

Activity: 661

Merit: 250

Quote from: nzsquirrell on January 05, 2016, 02:17:40 AM

Development Update

I am planning a major update (i.e. Hardfork), including the following changes:

Increasing the limit on same-algorithm sequential blocks to 5 (currently 3)
Changing the chain work calculation to use a geometric mean, same as done in myriadcoin and digibyte
Implementing Digibyte's style of difficulty change so that every algorithm's difficulty is changed every block - regardless of the algorithm that solves that block
Lastly, replacing the Blake algorithm with Vertcoin's Lyra2REv2

The last item will no doubt be the most contentious, however the Blake algorithm would be the most insecure currently due to the relative low number of miners (as an example a single R9-270X will hash at about 1.6GHs). Additionally we have never had any blake parent coins merge mining Unitus, mainly due to the incompatibility of the Blakecoin coin families. I have chosen to go with Lyra2RE2 as Vertcoin has a consistent hashrate, so Unitus will benefit from that plus Vertcoin gains a stable and fairly distributed merge-mined coin.

I am also considering replacing Skein, again the hashrate on this algorithm amounts to very few GPUs.

Initial code for about is committed into the Unitus github tree (https://github.com/unitusdev/unitus), feel free to take a look in the dev and lyra2re2 branches and comment if warranted.

Comments & thoughts on above welcomed.

Great news !!!
Any idea of the planned date ?

Thanks for your job

EDIT : blake miner on the site is always with old unitus.info url Wink

Topic: Unitus (UIS) - Superior Blockchain Technology: 1st Multi-Algo Merge-Mined - page 41. (Read 68156 times)