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1  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 01, 2014, 03:36:21 PM
Hey sorry to jump in on you guys here.   It's been a minute since I've checked in on the whole BTC world here on the forum.   I've been watching prices every so often this year and I'm curious about something.

I know that China is still on the out's and saw that Russia is gonna also jump on that train;  but otherwise it seems like decent prospects this year with casinos, hotels, airlines, ebay and such. 
--Is there some other big news this year I may have missed?

I notice with the sells that have been happening during these last couple BTC lows and I wonder..........(serious question)......

I take it that the MtGox plan to sell their coins and bring BTC to 100.00 is still in place?Huh   

I'm only assuming its' still in place, since they did hit the "planned" 1200 target and no coins have been recovered along with no news that I can find.

Anyone agree "the plan" is still going on from them?

Thanks and sorry to butt in.
2  Economy / Currency exchange / Re: [#1 EXCHANGE]Need cash today? Buy & Sell Bitcoin best rates available & Fast! on: September 22, 2014, 10:48:44 PM
purchased 0.9 BTC through live chat. 

Fast, Smooth, Friendly, Helpful and just all around great!

Will be using this service again

Props man!
Prot
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 06, 2014, 01:12:34 PM
Hello, can someone improve my config for a 7950? I only get 18kh/s

Code:
ultracoinminer -o stratum+tcp://ultra2.nitro.org:4337 -u albertocp.a -p a --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -w 256 -g 2 -I 10 --thread-concurrency 16384 --no-submit-stale --expiry 10 --scan-time 1 --queue 0 --gpu-engine 1040 --gpu-memclock 1250

If I put -I 11 I get 35kh/s but with some HW

another question, what is the reason of the n scrypt change?





Code:
ultracoinminer (pool info) --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --failover-only --thread-concurrency 66304 --intensity 18 --lookup-gap 3 --gpu-powertune 20 --worksize 256 --gpu-dyninterval 6 --no-submit-stale -g 1 --scan-time 1 --expiry 10 --queue 0  

The Yacminer should get a bit more Kh/s but I've not tried yet.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 06, 2014, 01:02:19 PM

Are you wanting these?  If so, it has been in the OP right at the top.


N factor explanation:

N-Factor     Seconds Since Launch     Days at N-Factor        Start Date                Memory size
4            0-524287                   6.07               12 / 30 / 13 @ 12:00:00am UTC    8KB
5            524288-786431              3.04               01 / 05 / 14 @ 01:38:08am UTC    16KB
6            786432-1048575             3.0                01 / 08 / 14 @ 02:27:12am UTC    32KB
7            1048576-1835007            9.1                01 / 11 / 14 @ 03:16:16am UTC    64KB
8            1835008-2097151            3.1                01 / 20 / 14 @ 05:43:28am UTC    128KB
9            2097152-4194303            24.2               01 / 23 / 14 @ 06:32:32am UTC    256KB
10           4194304-5242879            12.2               02 / 16 / 14 @ 01:05:04pm UTC    512KB
11           5242880-8388607            36.4               02 / 28 / 14 @ 04:21:20pm UTC    1MB
12           8388608-12582911           49                 04 / 06 / 14 @ 02:10:08am UTC    2MB
13           12582912-16777215          48                 05 / 24 / 14 @ 03:15:12pm UTC    4MB
14           16777216-33554431          194                07 / 12 / 14 @ 04:20:16am UTC    8MB
15           33554432-41943039          97                 01 / 22 / 15 @ 08:40:32am UTC    16MB
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 06, 2014, 04:17:20 AM

7950's



Those are good settings for that card - without 3GB onboard, you'd have to make even more compromises on lookup-gap. Smiley  You might squeak out 5-10kh/sec more if you utilized a miner with xintensity Smiley

-g any higher than 1 makes no difference at these N levels on cards with 1024 shaders or more... even on the low end cards, they're able to max out at g=1


xD yea, I'm VERY tempted to try your yacminer now as I'm pretty sure I can get more as you say.  Your miner seems a lot better to fine tune with.  I'll have to check it out when I get more time to see.

Edit: I saw your edit.  Yea that last TC tweak only changed maybe 0.4 KH/s so not a big diff and I cannot go over that without other issues. 
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 06, 2014, 04:11:53 AM
@joawaywego  

Glad to hear it worked out for you!!  I've finalized my settings and up'ed the TC a bit more.  





@ cointradero;  I'm pretty sure a "share above target" is not a valid find.  It's not really a reject or stale, though, so doesn't show up.  Someone else may clarify better
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 06, 2014, 03:45:03 AM
Though I'm close, I'm using 4 different TC's for each card, my setup will be of no use to anyone for 290x, or perhaps one of the 4 might help 1 of 4 people... who knows.

Ye many miners may have to increase system RAM, hoping I can squeeze by with 8GB and 3 GPU;  gonna be close if so.

edit: think I'm at 0 HW's!! woot

care to share a pointer or two? i have 16GB RAM on my system with 3 7950s and keep figuring out new ways to BSOD

Sure, still playing but here's where I'm at with 0 HW's and getting 48.8 Kh/s per card.  WU showing 125 (3 cards in rig) but not long enough to settle.  Vitural RAM set @ default (same as system) 8192mb

For sapphire: 1060-1080 Clock and 1600Mhz RAM
For Powercolor: 1050 Clock and 1500 Mhz RAM
Code:
ultracoinminer (pool info) --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --failover-only --thread-concurrency 62720 --intensity 18 --lookup-gap 3 --gpu-powertune 20 --worksize 256 --gpu-dyninterval 5 --no-submit-stale -g 1 --scan-time 1 --expiry 10 --queue 0  

Proud to be running -g 1 still  Grin  Grin

edit: not sure of catalyst / adl / sdk versions;  but they're probably 10 months old.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 06, 2014, 03:22:13 AM
Though I'm close, I'm using 4 different TC's for each card, my setup will be of no use to anyone for 290x, or perhaps one of the 4 might help 1 of 4 people... who knows.

Ye many miners may have to increase system RAM, hoping I can squeeze by with 8GB and 3 GPU;  gonna be close if so.

edit: think I'm at 0 HW's!! woot
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 06, 2014, 03:13:51 AM
still bugging out the HW's on the 7950's though I'm getting them rarely, so hopefully close.  seems they are in the 45-48 Kh/s range.  I'll keep pluggin away
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 06, 2014, 01:57:41 AM
N factor change 13 minutes.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 05, 2014, 10:03:08 PM
[/quote]

since you have 7950's, I guess you could try the config I run.  I'm not sure if any others are using the same or not, but I don't think so.  I get 125KH/s with this setup.

For sapphire: 1060-1080 Clock and 1600Mhz RAM
For Powercolor: 1050 Clock and 1500 Mhz RAM
Code:
ultracoinminer (pool info) --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --failover-only --thread-concurrency 43008 --intensity 18 --gpu-powertune 20 --worksize 256 --gpu-dyninterval 5 --no-submit-stale -g 1 --scan-time 1 --expiry 8 --queue 0  
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 05, 2014, 09:21:42 PM

  What miners choose to do as a whole and what I may do are different things and I previously provided generalities; in this regard.  My plans to sell my rig at the start of summer was in place before UTC was ever announced.  As for holding or dumping, again I've stated that I have not sold any UTC and don't plan to in the short-term.  I only mined LTC prior to UTC and have not sold either, so this is what I hold.  I'm a true believer in crypto, so I don't ever plan to go to fiat.  Of course then, ultimately, this is what decided when I sell my rig.  Since I'm not selling to fiat ever, then the cost of equipment plus electric is all I will "risk to invest" in crypto as a whole.   So, I'm not arguing any points to help my cause; I only try to consider the long-term success of crypto as a whole.   Whatever coins that ends up being, I suppose.
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 05, 2014, 08:14:59 PM
I disagree with your statements mate, painful to read...clearly you're the owner of a gazillion 7950s and don't want descentralization and prefer a hard fork instead.

Have fun raping this coin.

As I've stated many times and you can see in my post history;  I have 6 -7950's.  I'll be selling my rig shortly as I'm not investing more in new stuff. 
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 05, 2014, 07:38:29 PM

You guys seem to want UTC to:
-Drive away miners


YACoin HEAVILY favors miners. The issue now-a-days is that a lot of miners mine and dump (for bitcoin), not mine and hold. Why mine a coin and hold on to it when there are 10 other similar coins which could each be the most profitable at some point within a 24-hour period?

I agree that miners hold on to coins they believe will increase in value and most dump now, because few have long-term value (at least to the miners).  Miners though as a whole;  tend to upgrade equipment as is needed to stay ahead of others.  This is proven by the asics for BTC, LTC and GPU's this year being sold out at release.  Miners want the most Kh/s per watt that they run and for that to make a profit;  nothing more.  Beyond this initial precept is speculation and then assumes the miner is also an investor / speculator.  It seems odd that you can say Yacoin favors miners, when it penalizes any who have invested in top performance equipment.   The larger portion of miners represents this top performance area.



-Perpetually loose value rather than increase


So you are predicting the future now? Based simply off of a price chart? Really? I assume you mean the value per coin compared to bitcoin, but I also assume you aren't intelligent enough to think beyond that understanding. I love how you throw "perpetually" in there btw.

I am in no way "predicting" anything and yes I connected Yacoin value to BTC as it is not traded for dollars that I know of.  If you could point me to a historical price chart for YAC / USD;  I could edit my previous link with that. 

 However, that specific statement was using the link directly above showing YAC price history.  I can reword this to: "-YAC's historical price chart shows a perpetual loss of value"


-Run N factors that are resistant to devices that won't be produced for years if not a decade. (n 14-15)


Ok now you are saying being ASIC resistant is a bad thing? But... I thought... Is this real life?

Again, not at all.  With all the hash power now around for Sha and now Scrypt;  all coins moving forward will need resistance to "current technology" to survive their starting, sure.  We can again compare this to history.  Once Asics came out;  any alt coin that was released with Sha only got raped.  Of course, we know too that's why Scrypt was developed (to prevent GPU that was overtaking BTC).  Now, look at today.  LTC is getting asics and can anyone argue legitimately that it is bad?   Similarly, moving forward;  certain Asic-resistant algo's of today WILL be mineable by asics or other not seen device.  Logic would dictate, that in a few years time;  some algorithm will take a 3rd place in crypto and will have asics (or the like). 

So, I'm pro-asic for established coins as it's necessary (I have no asics myself) AND I'm pro asic-resistance for any new coin;  however as I simply stated "why run N factors for devices that won't be efficiently mineable for such a long period in the future".    The next future algo to get asics (if it survives) is probably X11 or Adaptive N.  Most probably there will be other algorithms developed in the future too.  My issue then; is that the masses will move to the next easiest adaptable algo (Adaptive N) next, not the most difficult.   



-have no long-term network security


What how?

Simple, More difficulty (hashrate) means more security regardless of algo type.   Less total difficulty (hashrate) means less security.  Security risk is proportional to value, as value increases so must security;  security is hashrate / difficulty.

Look, even you can understand this simple anecdote:

John invests thousands in GPU mining rigs. ASICs come along and make his GPU farm not worth it to mine that coin. John then thinks to himself, "Hmmmm someone should make a NEW coin that makes my rigs profitable again!"

or "Gee, those asics will run so much faster and cost me a ton less to run;  why don't I buy an asic to keep up"
or "I will just keep mining what I can with my equipment until I can't mine anymore;  I can sell my equip and get some money back when I'm done"
or "since there's so many other coins out there, maybe I will try to mine one of those for a bit"
or "I've gotten a good return on the equipment that I bought and am not prepared to invest more, as I cannot afford to lose it; so, I'm done mining."


If you look at the first rush of alt coins 3 years ago, sure a few people had your given idea;  most failed.  Again, last year another flood and yet again this year.  Some people do think about making a coin, though the majority will choose one of the other options I provided.

Loyalty tends to be with the rig and not the coin. It is called laziness--among other descriptors. It is not "we need a coin for the little guy!"

Loyalty stays with the rig because that's what money was put into.  Making sure your rig is on a profitable coin today is not laziness but ensuring a return on investment.  If you put 30,000 into a rig are you going to just mine something you "think" may someday eventually repay your investment?

NFactor changes have that effect. Your mining rig at N=11 will not be the most profitable rig at N=15. You can either:

A) Invest in the long-term viability of the coin. Maybe sell your cards and use that money to buy the most profitable gpus.
B) Create another coin that favors your already established rig setup
C) Change the rules in the middle of the game that favors your already established rig setup
D) Adjust parameters of the coin as is needed for both long-term growth / security and attract of miners looking to pay off their rigs. 

UTC has chosen C unfortunately.

UTC hash chosen D fortunately.  Do you know LTC was going to adjust parameters when needed for future technology? LTC did not, because it's now large enough to require this new technology; however would LTC have been wrong?

-snip-

15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 05, 2014, 03:51:55 PM

neither of your screenshots shows an accepted share.  You must have an accepted share to show any pool hashrate.  So, the pool will show once you submit.
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 05, 2014, 03:43:32 PM

Sorry but that's a bunch of crap.

I can mine all n factors just fine on gpus that are out NOW.  (Correct, you can get 2.5Kh/s on Yaccoin with 1 single gpu out of all made;  What are you going to mine with in 55 days?)
Even more so, higher n factors start to normalize hashing power between devices of different price ranges so in the end it's better for descentralization, takes the power away from the huge scrypt farm operators and back into the little guy with a cpu and a bunch of cheaper gpus. (at least till the big guys start to figure out they need different hardware for optimal results) (Huge farms leave if there's no profitability, I would not tout that as a plus.  For the "little guy"  he will need to buy new hardware too, GPU, CPU and / or RAM;  why would the little guy with low funds put in more money when they can just mine 100's of others without?).

Your statements are not correct, and I can prove them wrong really easily, at least on the hardware side. (this post has no proof, so yes please provide refutation to my points)
Yac has been around for a long time now, and it has battled the insta-mine burden for a while, lots of negative press...but it's still a pretty solid coin, and excellent for small time miners. (agree)

"-have no long-term network security" -> this just got invalidated. (how might I ask) Anyone can solo mine a coin with higher n factors, at least way easier than solo mining a scrypt coin or something like vertcoin which attracted all the farm dudes of the world (they are all lazy and have tons of outdated hardware at their disposal).  (again, the fact that you can solo mine is NOT something you should tout as it's Bad.  This meas poor network hash rate and thus poor network security.)

If you apply any of your "validation" to BTC or LTC then their values could not be where there are.  Even at the NY conference there was discussion about BTC network security and if it can be attacked still.  The answer was yes.  That is a security issue and will always be there.  LTC is at the point where it must have ASICS, so that it too can move forward in pricing and security.  Any crypto that does not SUPPORT increasing hash rate cannot survive;  N factor or no.   A coin can have no real market cap without a corresponding amount of network security.   Any coin that will be around in 10 years will keep this as a core principle.  LTC will survive and they understand this;  which is why they are NOT changing N factor.   All of this is enough and we are not even talking about the many security shortcomings inherit with higher Nfactor
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 05, 2014, 02:33:45 PM
a little bit sooner then announced, and i might edit it a bit or add things that i forgot but here it is:

http://www.youtube.com/watch?v=-qMOcFzF2c4&feature=youtu.be

Michael

Excellent work, meeting and update!!  Very nice to see all the plans moving forward.  Also it was nice to put a face to the bum;  as it were.


Sounds good bumface.

When the next nfactor hits, Can we expect cpu-mining to be a bit more realistic?

expect an N factor delay withing some time Smiley (extending the gpu era)

-1

UTC being the only scrypt-chacha coin on its own schedule makes me sad.  I was looking forward to seeing how your momentum did when people had to figure out how to mine at N=13 and 14...

Excellent news, except for this part: "-N factor delay (at least 2 more years of GPU mining)"

WHAT!?

What exactly does that mean? I can gpu mine coins well into n factor 15...come on!

The nfactor changes was going to fast to early

We need to be able to take ppl in july that gpu mine

And the way UTC was going that would'nt happen.

So bumface is rolling back to an earlier nfactor or just increasing the time before the next changes happen

That sounds pretty bad to me...rolling back n factor ugh.

Whatever, I hope it helps increase popularity but that kills it for me. I think it'll introduce a new generation of dumpers that won't give a dang for the coin, whereas higher n factors would keep dedicated miners onboard.

The change was made to not follow the same fate as Yacoin.  There is absolutely no reason to increase N to such high levels so fast.  I guess thirtybird gave one "I was looking forward to seeing how your momentum did when people had to figure out how to mine at N=13 and 14"   not sure I would want to design a coin "just to see if you could mine it".  Higher N factors hurt network security more than a concern of miners dumping a few coins.  Also, keeping lower N's will allow a larger base instead of just "keep dedicated miners onboard."

UTC does not want to follow the detrimental path Yacoin is on and stuck with.  Verification of this can be seen here:  http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=yac-btc&market=cryptsy

You guys seem to want UTC to:
-Drive away miners
-Perpetually loose value rather than increase
-Run N factors that are resistant to devices that won't be produced for years if not a decade. (n 14-15)
-have no long-term network security


If we wanted these aspects there is always Yac..........
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 02, 2014, 11:32:36 PM

yes I was only adding an interpretation not a personal feeling.  I don't suppose there is an opinion on this that I want to convey atm.


From what has been stated at various times and places;  one can account for most of the IPO.

21- BTC to Ziggy (Dev but gone)  (plus 100K UTC)
26- BTC to Bumface (Asics)  (plus 100K UTC)
 5 - BTC to Website (was copy/ paste, now replaced by Xweb) (plus 100K UTC)
 6 - BTC to Official Pool (Hackshard, never opened)
15- BTC to Marketing person (Never shown / Unknown)
------------------------------------
73-  BTC total
  7-  BTC Unknown
------------------------------------
80-  BTC IPO

300K UTC premine
100K UTC premine unkown (market guy or pool guy got it)
------------------------
400K UTC premine


I just joined reddit and been reading about Ultracoin threads and what people say about us/UTC.

It looks like we are not very popular and have bad PR unfortunately. We really need marketing and awareness to attract these doubters.

also why is Ultracoins subreddit set as "private" when all other coins are ok to access?  - http://www.reddit.com/r/ultracoin

4 main reasons:

1) -  IPO was linked to premine and "spun" as a single lump premine of 2 mil.  IPO only would have attracted less negative PR.
2) -  Even with Asics coming out and asic-resistant more popular;  very few like the algorithm used.
3) -  Possible backdoor tie to BTC-e // possible fake coin propped up by idea of btc-e
4) -  Coin has always had greater than 50% of the network being hashed by one source for the entire life.

Personally, I've stated with 1) before, that an IPO is not premine since it's not dev held.  With point 2 I can see and agree some with.  Point 3) I'm not sure either are valid.  Finally, point 4) not good of course; however it's not malicious as is required for issues.




19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: April 02, 2014, 08:10:19 PM
After april 06 what miner parameters should be changed ?

for cgminer / ultracoinminer / sgminer
one or more of these:
-Thread Concurrency  
-Lookup Gap
-Threads
-Intensity
-Worksize

hello,
it is or wholesale level mining efficiency by mh / s normal?
thank you in advance for your response

You may be using the wrong miner program.  You should be showing efficiency by Kh/s.
Try one of these:
http://ultracoin.net/mining.html
or
https://github.com/Thirtybird/YACMiner/releases

Am I the only one concerned that the coin founder literally won't put 1 dime of his own money towards his own coin?  All financial risk must be taken on by the community every time.  He could have sold some of his own UTC, he could put it on a credit card, he could do a lot of things besides asking you people to shoulder the burden yet again.

I'm glad some of you do it willingly, but the fact that he won't pony up a penny drives me insane.


Developers do not invest money in the coin itself
The final profit is again who?
Let us think about this problem?
We give them the money

I have no idea what you just said.

Based off the other posts and thus taking the assumption of not a troll;  a better word choice may have been:

Developers are not the ones, who put value into the coin itself. (miners / investors are)
Who gets to profit off the value of this coin?  (inference traders / miners)
who best to solve this problem then?
We give them the money (those whom profit off value and put value in.  e.g. traders , investors, miners)


20  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] Crypto Rush - Crypto to Crypto exchange on: April 02, 2014, 07:39:48 PM
Just got confirmation.....

Ultracoin (UTC) withdraws are working!!  Good way to exit safe and fast.

https://bitcointalk.org/index.php?topic=413978.0

UTC is probably the best option to withdraw, since it's fast and is traded at almost all the exchanges.

my 2 cents
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