Star Trek Crypto Coin thread - Big changes are coming!!

[MobGod]

dream talking about the hash on my mine dropped by half why ?

Posted From bitcointalk.org Android App

[dreamwatcher]

What's the ETA ?

On one hand, Blake may give us some protection from potential scrypt fpga or asics appearing in the near future. On another, we have many other scifi coins to be created in the future.

The development time on this would be much quicker then Darsek. The vast majority of development time on Darsek was due to tuning and testing POS.

As you might have noticed I'm a blakecoin fan.  And am active on the thread for it. i also have a FPGA set up to mine the coin.

Buledragon the dev has been resistant to others trying to clone the coin. He feels that getting the first one fully off the ground is a better use of time and energy

But Merging the awareness of UFC with the advantages of blakecoin seem like a very good idea.

I swapped a PM with him this morning and he did not seem resistant, but did want me to consider setting up merge-mine with Blakecoin. Which I most definitely will consider in the future, but my development time frame now is too short for me to incorporate and test merged mining, especially since I am not developer level familiar with merged mining. I understand the concepts but never worked with the code. It can be patched in at a later date.

[Scrappy Do]

 What does this mean as far as our existing ufc wallets? As I stated earlier, I have the second largest wallet and put a lot of hash into it. Does this mean I lose all that time?

[tokyoghetto]

While not trek coins, FFC and QBT are HSA256 and will be on the exchange.

If we make a SHA256 it will need to retarget diff quickly as large miners and pools can make the network hashrate swing several orders of magnitude.

Blakecoin can be done on FPGA which means it could become a new kind of ASIC someday but will not need to worry about  that until UFC becomes very big and profitable.

Most SHA256 coins are very low value because they can be so massively mined.

Most SHA256 coins are just a profitable as BTC to mine. Not necessarily a bad thing. Plus look at the marketcaps of these SHA256 coins.

4    Peercoin    $ 122,912,581    $ 5.84    21,063,728 PPC
18    Zetacoin    $ 3,926,489    $ 0.025    159,747,221 ZET
24    Terracoin    $ 2,148,788    $ 0.43    4,967,550 TRC
26    Freicoin    $ 1,780,970    $ 0.05    35,888,382 FRC
41    AsicCoin    $ 498,117    $ 0.0012    405,190,402 ASC
43    Unobtanium    $ 446,390    $ 3.39    131,578 UNO
53    Bytecoin    $ 250,249    $ 0.14    1,844,078 BTE
56    Deutsche eMark    $ 221,875    $ 0.062    3,583,550 DEM
59    BetaCoin    $ 147,983    $ 0.026    5,628,298 BET
62    Tigercoin    $ 126,963    $ 0.005    25,286,184 TGC
72    Joulecoin    $ 55,717    $ 0.016    3,547,120 XJO

According to this thread here http://scificointalk.com/index.php/topic,147.0.html 70k UFC is equal to 1 btc. This gives us a market cap of 110 BTC. 110 x 826 USD (BTC-E) = $90,000 USD market cap.

So even with scrypt mining, UFC has a low market when compared to these SHA256 coins and even other scryptcoins. I am sure that UFC is more marketable than betacoin and asiccoin. I understand that by going to SHA256 it excludes most miners because of the cost barrier to enter the mining game is high. But in the end, the network still gets secured, and those that want to acquire UFC will have to go to the exchange to buy it. If coins are being created only for miners, and the only thing that miners do is sell coins to convert to BTC, then where are the buyers? SHA256 creates a market of buyers for the coin, just like BTC, its much better to buy the coin then to buy hardware to mine it.

[dreamwatcher]

What does this mean as far as our existing ufc wallets? As I stated earlier, I have the second largest wallet and put a lot of hash into it. Does this mean I lose all that time?

Nope, nobody loses anything.

I will be using the automatic wallet conversion/distribution system that I developed for Darsek, but I nixed at the last minute because of the Windows exception issues.

The system was working perfectly fine in the Linux builds and I have since solved the Windows QT exception issue.

There will be a super block that matches the outstanding coins now, like with the Darsek relaunch. The difference being is all the coins will be redistributed to the same addresses they are at now with a python module I  wrote.

Basically you would start the new client up and let it sync to the new block chain, stop the client and swap in your old UFC wallet. The client will auto-detect that it is an old wallet, salvage the keys from it and build a new clean wallet from the keys. Your wallet will then have the same amount in it as it did on the old chain because the coins have all been distributed to the same address.
If there is an issue with the automatic system, there are a couple of manual ways to do the same thing, so there is virtually no chance of losing your coins.
 

[dreamwatcher]

dream talking about the hash on my mine dropped by half why ?

Posted From bitcointalk.org Android App

Every time the N-factor goes up, GPU efficiency basically halves.

N-factor is a simpler representation of N. N determines how much memory is needed to solve a share.

At N-factor 12 the N value is 8192

At N-factor 13 the N value is 16384    

So while your hash rate has halved, so has everybody else's. You should earn the same amount as GPL as before (With the same amount of miners on the network of course) once the hash difficulty adjusts to get us back to 30 second block times.

[Scrappy Do]

 Dream is it ok for me to start my UFC wallet and mine again? You had asked me to leave it off.

[dreamwatcher]

Dream is it ok for me to start my UFC wallet and mine again? You had asked me to leave it off.

Yes, We need POS blocks to keep the network moving until we ultimately solve the issue. There still is no point in POW mining, as the network will never accept a POW block until the issue is solved.

[Scrappy Do]

 So just open the wallet, dont waste my time mining though correct?

[MobGod]

dream talking about the hash on my mine dropped by half why ?

Posted From bitcointalk.org Android App

Every time the N-factor goes up, GPU efficiency basically halves.

N-factor is a simpler representation of N. N determines how much memory is needed to solve a share.

At N-factor 12 the N value is 8192

At N-factor 13 the N value is 16384    

So while your hash rate has halved, so has everybody else's. You should earn the same amount as GPL as before (With the same amount of miners on the network of course) once the hash difficulty adjusts to get us back to 30 second block times.

Dream thanks man so what your telling me is to let it run correct? Also have you thought about that explorer i asked you about yet?

[Scrappy Do]

Dream... Wallet has been up since post, my stake is through the roof, popping 2-3 a minute. showing over 3500 in stake currently. Is it possible when i turned my wallet off I caused all these issues?

[duuuuude]

i think you might be on a ufc fork there scrappy,   the same thing happends to me a couple of times with dollarpounds, i would be on a fork not know it, and get a new stake block every 10 minutes, i believe the ufc wallet and coin are going to be rebuilt, i think dreamwatcher is on it.


j


SCIFICOINS  4 LIFE

[dreamwatcher]

Dream... Wallet has been up since post, my stake is through the roof, popping 2-3 a minute. showing over 3500 in stake currently. Is it possible when i turned my wallet off I caused all these issues?

No, the issue has to do with the two POW blocks I mentioned above.

Block 194947 was the last POW block @ 1/15 16:33:48. Whether intentional or accidental, it has a time-stamp that is over 700 seconds (~900 seconds) before the previous block 194946 @ 1/15 16:48:33.
This caused the minimum target range to be set at an impossible value due to a bug in the cloudcoin base that UFC was cloned from.

All POW blocks will be rejected because this minimum target value cannot be changed until a POW block gets accepted into the network, which of course cannot happen because the range is stuck at a value that will cause all POW blocks to get rejected.

Clear as mud 

In any case, POS blocks did not cause the problem, but because they use a different targeting system, they are able to be processed and keep the block-chain going.

[Scrappy Do]

i think you might be on a ufc fork there scrappy,   the same thing happends to me a couple of times with dollarpounds, i would be on a fork not know it, and get a new stake block every 10 minutes, i believe the ufc wallet and coin are going to be rebuilt, i think dreamwatcher is on it.


j


SCIFICOINS  4 LIFE

 There is no known fork for ufc that I am aware off.

[Scrappy Do]

Dream, what is going on. I guess I don't understand POS. Will someone explain please? I am seeing incoming amounts every few seconds. and they are all stake. I am not mining, and POS shows over 7K UFC now.

[Scrappy Do]

The stake is confirming and moving into my balance.. I just went over 360k UFC... Help

[dreamwatcher]

Dream, what is going on. I guess I don't understand POS. Will someone explain please? I am seeing incoming amounts every few seconds. and they are all stake. I am not mining, and POS shows over 7K UFC now.

This is part of the POS bugs we have known about for some time, but have not be dealt with yet as there were more pressing issues to take care of, it is also one of the major reasons I just want to do a relaunch of UFC and completely dump the underlying buggy code.

POS is generated by coins that have not been moved after 7 days .This value is unique to UFC and part of the secondary problems, normally in other coins it is closer to 30 days.This happens automatically when you have the wallet open unless you take special steps to stop it.

The coins in stake are the equivalent of blocks that you mine with your GPU and the amounts you see coming in are the rewards for generating those POS blocks. Stake coins are returned to your normal balance once the blocks they have generated have matured.

Many of those amounts will never mature because of the secondary problems with POS in this coin, but you will not lose any coin. The client is generating them too fast, again one of the secondary bugs. Just let it run it's course it should eventually smooth out once an equilibrium is met.

[2bfree]

how do i get a wallet and some coins to try them out?

[mogrith]

how do i get a wallet and some coins to try them out?

Try http://scificointalk.com. general forum has threads with wallet info and thereare coin giveaways  on the site also

[ffirriff]

darsek mining is down. is there an E.T.A when it will be back up.