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Author Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!  (Read 946563 times)
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March 23, 2014, 11:03:18 PM
 #10581

All - please post your thoughts about possible changes to ultracoin and the creation of a board of directors here:

http://forum.ultracoin.net/viewtopic.php?f=7&t=485&p=700#p696

Hopefully we'll structure the forum a little differently in the future to organize our plans better, but this is a start.
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March 23, 2014, 11:07:56 PM
 #10582

All - please post your thoughts about possible changes to ultracoin and the creation of a board of directors here:

http://forum.ultracoin.net/viewtopic.php?f=7&t=485&p=700#p696

Hopefully we'll structure the forum a little differently in the future to organize our plans better, but this is a start.

Maybe shall we close this thread and redirect queries etc. to the UTC forum?

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March 23, 2014, 11:13:16 PM
 #10583

All - please post your thoughts about possible changes to ultracoin and the creation of a board of directors here:

http://forum.ultracoin.net/viewtopic.php?f=7&t=485&p=700#p696

Hopefully we'll structure the forum a little differently in the future to organize our plans better, but this is a start.

Maybe shall we close this thread and redirect queries etc. to the UTC forum?



No don't close this thread. This is for new users to get into the coin, and directs them where they need to go to get what they need.

GoodCoin Founder, GoodFlop High Score = 40 (GOOD faucet that pays depending on your score!)
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March 23, 2014, 11:50:25 PM
 #10584

@bumface

Please update the OP. Thanks,
1. Cryptsy isn't on the list of Exchanges. (It still says to vote!)
- Bold text the CT, Cryptsy & MintPal in the list also if possible to channel the volume more.
2. Nitro2 pool isn't on the list. Maybe that's on purpose. No idea. But I think it should be added.

Also, what do you think about the public dev bounty I proposed?
Seems most people like it but only you can drive it.
Even if the mobile wallets are being made, bounty is still needed.
Then it generates an incentive for dcgirl or whoever to make one faster/better.

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March 24, 2014, 12:22:12 AM
 #10585

@bumface

Please update the OP. Thanks,
1. Cryptsy isn't on the list of Exchanges. (It still says to vote!)
- Bold text the CT, Cryptsy & MintPal in the list also if possible to channel the volume more.
2. Nitro2 pool isn't on the list. Maybe that's on purpose. No idea. But I think it should be added.

Also, what do you think about the public dev bounty I proposed?
Seems most people like it but only you can drive it.
Even if the mobile wallets are being made, bounty is still needed.
Then it generates an incentive for dcgirl or whoever to make one faster/better.

I cannot find a link to the Fourm in the OP either, though I may have missed it.
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March 24, 2014, 12:34:29 AM
 #10586

Yes, that needs to addressed. Bumface is offline (even on his Skype) so he may be sleeping. And with that being said, I wonder if 2 users can be delegated control over one of these threads, so as to at least make changes while the other sleeps.

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March 24, 2014, 12:43:25 AM
 #10587

@bumface

Please update the OP. Thanks,
1. Cryptsy isn't on the list of Exchanges. (It still says to vote!)
- Bold text the CT, Cryptsy & MintPal in the list also if possible to channel the volume more.
2. Nitro2 pool isn't on the list. Maybe that's on purpose. No idea. But I think it should be added.

Also, what do you think about the public dev bounty I proposed?
Seems most people like it but only you can drive it.
Even if the mobile wallets are being made, bounty is still needed.
Then it generates an incentive for dcgirl or whoever to make one faster/better.

I cannot find a link to the Fourm in the OP either, though I may have missed it.

Yeah, it's on the website but not on the OP.

OP is like the face of this coin. In a way, it's just as important as the website itself.
So it would be in best interest of Ultracoin for it to be updated well also.  Smiley


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March 24, 2014, 12:45:29 AM
 #10588

Yes, that needs to addressed. Bumface is offline (even on his Skype) so he may be sleeping. And with that being said, I wonder if 2 users can be delegated control over one of these threads, so as to at least make changes while the other sleeps.

Yeah. I agree. Not sure if this forum allows that?
But maybe the ultracoin forum does?
That's why I proposed an Announcements forum section in the ultracoin forum.
Then select few people can be allowed to post a new thread with news/updates etc.

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March 24, 2014, 01:07:55 AM
Last edit: March 24, 2014, 03:37:48 AM by xwebnetwork
 #10589



Please Note: This thread is self moderated. Trolling and baseless accusations will be removed without consent. Please mind your manners and report incidences of malice accordingly. Thank you and enjoy!




Wallet:

NOTE for v1.5:
Code:
Go to the debug window, console and type "getmininginfo" if you want to utilize this new feature. This update is NOT mandatory.

Example:

Use "networkhashps/1000^3=hashrate in ghash/s" to calculate

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


What to expect as a result:

1- An equilibrium between CPU and GPU mining at one point.
2- UTC value rising as a result of increased cost to mine.
3- UTC becoming more and more ASIC resistant as time goes by.
4- Cloud mining will be a choice as another mining medium.

Conclusion: UTC is positioning itself to be a major beneficiary of the LTC migration.
We all saw the migration from bitcoin to LTC as a result of ASICS.
Soon UTC will see the same sort of migration as Scrypt Asics roll out in large numbers.

Source Code (Developers Only): Download  |  Mirror
Linux GPU Miner Source (Developers Only): Download

Miners:

Helpful Links:






Please visit our site HERE to browse the most up-to-date list of UTC Exchanges.



Ultracoin is a hybrid proof-of-work / proof-of-stake coin, whereby active nodes are involved in the mining of blocks if they hold Ultracoin. With Ultracoin you can send and receive currency worldwide to friends, family or business partners. You may even exchange it for other currencies or simply use it to buy goods. Miners are currently awarded with 50 new Ultracoins per block, an amount which gets halved roughly every 990.000 blocks. The Ultracoin network is therefore scheduled to produce 100 million Ultracoins, which is almost 4.5 times as many currency units as Bitcoin.

Ultracoin can be mined with both CPU's and GPU's. Furthermore, with an ASIC resistant Scrypt Jane base, you can feel at ease. This will ensure that you won't be surprised by new hardware technologies. UTC is a hybrid proof-of-work/proof-of-stake coin, whereby active nodes are involved in the mining of blocks if they hold UTC.

  • Total coins: 100,000,000
  • Premine: 2% (1.6% IPO / 0.3% DEV / 0.1% REWARDS)
  • Block time target: 30 seconds
  • Block reward: 50, halving every 990,000 blocks
  • Difficulty retarget:max 200% per 30mins
  • Mined block confirmation: 50
  • Transaction confirmation: 5
  • NFactor Integration
  • Port: 44100
  • Rpc port: 44101



Ultracoin info-graphic Giveaway Get some free UTC

  • Create a positive info-graphic/s about Ultracoin
  • Include your wallet address at the bottom of the info-graphic/s
  • Post your info-graphic/s anywhere and everywhere, do not spam.
  • Put them in your blogs, post them on twitter,  upload to image sites, post on different forums/ no spam.
  • On next Saturday the devs will search google images and all your info-graphics listed with your wallet address will get some free UTC.
  • During the week the devs will also search for the most innovative info-graphics and give some extra rewards to keep you going.
  • How many Info-graphics you can create?, the sky is the limit, each one listed on google images by next Saturday will get some free UTC
  • Create your info-graphic in any format you like png,gif,jpg etc.... but remember to name it ultracoin and the more innovative the better
  • Name your info-graphic file ultracoin with any extension you use so we can find it easily on google
  • Next Saturday also there will be a community vote to determine the best 3 Info-graphics to pick 3 grand winners

   * any questions about this contest will be answered on the announcement thread.
   ** Please allow Devs time to read and comment on each inquiry.

Ultracoin Youtube Giveaway Get more free UTC

  • Create a positive Youtube video/s about Ultracoin
  • Include your wallet address in the about section of the video
  • Share your ultracoin youtube video anywhere and everywhere, do not spam.
  • Put them in your blogs, post them on twitter,  upload to other video sites, post on different forums/ no spam.
  • On next Sunday the devs will search Youtube and all your videos  listed with your wallet address will get some free UTC.
  • During the week the devs will also search Youtube for the most innovative Videos and give some extra rewards to keep you going.
  • How many videos you can create?, the sky is the limit, each one listed on Youtube by next Sunday will get some free UTC
  • Create your video in any format you like accepted by Youtube.... but remember to name it ultracoin and the more innovative the better
  • Name your video file ultracoin with any extension you use and put ultracoin in title/description so we can find it easily on Youtube
  • Next Sunday also there will be a community vote to determine the best 3 Youtube videos to pick 3 grand winners
  • If your Video goes Viral there is a handsome extra reward for you too.


How do I solo mine?

Code:
Create an ultracoin.conf within your %APPDATA% folder and add these lines:
 
 rpcuser=youruser
 rpcpassword=yourpassword
 rpcallowip=127.0.0.1
 daemon=1
 server=1
 listen=1
 
Start the ultracoin client, edit solo_mining.bat with the specified user and password, and run the .bat. Enjoy mining!
NOTE: Please set expiry = 1, scan time = 1, and queue = 0 in cgminer to receive lower rejects. Thanks!

What is Proof of Stake?

Code:
20% interest per year if you:

1. Have UTC in wallet
2. Don't spend it during that year
3. Have wallet online all year
4. Have wallet unlocked for minting, do this like so:
    - Open debug window, then console, then type: 'walletpassphrase' yourpassword '999999999' true

In Depth Explanation of POS: https://en.bitcoin.it/wiki/Proof_of_Stake

Can you please explain the details of the pre-mine?

Code:
Absolutely! In fact, it has already been laid out. Please peruse the content of the original post below for the in-depth answer.



So, you now have UTC? What else can you do with it besides sell/hold it? How about buy stuff. After all, that is the purpose of a currency--to exchange it for goods and services. Below you will find the currently available shops whom accept UTC!




Ultracoin is fast, efficient, effective and now portable. Several apps have been developed to help extend your UTC experience beyond your PC. We have exchange trackers, profitability calculators and more readily available with sever additional apps and widgets currently in development. Frequent this page for the latest and greatest UTC innovations!




Original Post:

Code:
Hello, 
 
I would like to take this opportunity to announce the release of our coin called :[b]Ultracoin (UTC)[/b] on [u]February 1st[/u].

[b]which is asic-resistant[/b]

 
We have been working hard to finalize our coin, and I have been fortunate enough to work with a team consisting of a good dev and a professional external consultant to help guide the entire process. We have also commissioned custom pool software with real time API data to our website to track various statistics, such as users, hashrates and current difficulty.
 
You may know me (bumface) as a chat moderator on btc-e, however i would like to emphasize the fact that this coin is [u]not[/u] an affiliate of btc-e, but a personal endeavour with a proper team.
 
Through our common love for crypto we got together as equal partners to make this coin a reality. We have offered rewards in BTC and UTC for many jobs, and some jobs are still open (Please view the 'Rewards and Bounties' section.)

We are currently in negotiations with multiple exchanges

 
Announcement                             : 13 jan.
Launch and                         : February 1st.
Mining start                                : X

We have this logo as a temperary logo, we have commissioned a logo by a real graphic designer, if this does not work out, we will organise a competition with a reward.


[size=10pt][size=10pt][size=10pt]Launching time:7:00PM UTC
[url=http://www.timeanddate.com/countdown/generic?iso=20140201T20&p0=16]http://www.timeanddate.com/countdown/generic?iso=20140201T20&p0=16[/url]


Website:http://www.ultracoin.net/

#ultracoin on [url=http://webchat.freenode.net/]http://webchat.freenode.net/[/url]
 
[i]Please view the technical specifications and information below: [/i]
 
 
-2 equal partners (ziggy and bumface)

-Scrypt-jane  
 
-Pow/Pos

ultracoin is a hybrid proof-of-work/proof-of-stake coin, whereby active nodes are involved in the mining of blocks if they hold utc.
this will give a strong incentive to a. hold coins and b. be an active node (e.g. have wallet open/running) on the network.

this means that, under certain circumstances, you may accrue 20% proof-of-stake interest per year on the coins you own.

a good source for more information is https://en.bitcoin.it/wiki/Proof_of_Stake
 
-Total coins: 100,000,000
 
-Premine: 2% (2 million UTC, please view public premine distribution ledger below.)
 
-Block time target: 30 seconds
 
-Block reward: 50, halving every 990,000 blocks
 
-Difficulty retarget:max 200% per 30mins
 
-Mined block confirmation: 50
 
-Transaction confirmation: 5
 
-Port: 44100
 
-Rpc port: 44101
 

[u]Windows-qt client:[/u]
[url=https://mega.co.nz/#!M9cCAaCZ!PUnxoWI8GfUgDTkwRK9NsPLrjsFQxvsMreFND6FXV_Q]https://mega.co.nz/#!M9cCAaCZ!PUnxoWI8GfUgDTkwRK9NsPLrjsFQxvsMreFND6FXV_Q[/url]

[color=red]OFFICIAL POOL 1: [/color][url=http://www.ultracoinpool.com]www.ultracoinpool.com[/url]  NOT open yet for registration

[u]CPU Mining:[/u] Open the console and type setgenerate true to start mining.
 

[color=red][u]GPU Miner:[/u] [/color]

[url=https://mega.co.nz/#!AwkFGQRR!LYwU5DXzLeVKyTXpVsNgNifre8ANFxHUVHwgt0Q-rZs]https://mega.co.nz/#!AwkFGQRR!LYwU5DXzLeVKyTXpVsNgNifre8ANFxHUVHwgt0Q-rZs[/url]
 
 Open ultracoin.conf and add these lines:
 
 rpcuser=youruser
 rpcpassword=yourpassword
 rpcallowip=127.0.0.1
 daemon=1
 server=1
 listen=1
 
 Start ultracoin client, edit solo_mining.bat with user and password, run the .bat, done.
 
please set expiry = 1, scan time = 1, and queue = 0 in cgminer to lower rejects.

[u]logos:[/u]
[url=http://nl.tinypic.com/view.php?pic=hu5dzq&s=5#.UtRZGPTuLkJ]http://nl.tinypic.com/view.php?pic=hu5dzq&s=5#.UtRZGPTuLkJ[/url]
 
[u]Source:[/u]
[url=https://github.com/ziggy909/ultracoin]https://github.com/ziggy909/ultracoin[/url]

[u]Twitter:[/u] [url=https://twitter.com/official_utc]https://twitter.com/official_utc[/url]
 
-------------------------------------------------------------------------------------------------------------
 
[i]-Why is there a premine?[/i]
 
 
You will probably have noticed a 2% premine, allow me to explain why we did this. We wish to be open about every single coin in existence, so you may see where it went and why.



[b]Public premine distribution ledger:[/b]
 
[u]-1.600.000 UTC[/u] are available to purchase by any potential stakeholder (Please view stakeholders proposition below.) in an open bidding system with a minimum bid of 0.00005[btc]              
 
 
[u]-100.000 UTC[/u] go to partner 1:[u]Ziggy[/u] (dev)                                                                                                                      
 
[u]-100.000 UTC[/u] go to partner 2:[u]bumface[/u] (founder)                                                                                                                
 
 
[u]-100.000 UTC[/u] go to our professional external consultant. (as well as 5 btc)                        
 
[u]-100.000 UTC[/u] go to rewards for jobs done by any capable developer, for example: making an android wallet, or making a working  
mining pool with real-time API data link to our main website. (also btc rewards)
 

 
 
Please note that every partner gets [u]0.1%[/u] of the total number of coins, we feel this is not unreasonable as a compensation for our time and investment.
 
We will have the balance of our wallets visible on our homepage  so everybody can see when we sell coins from our personal wallet. The reason we do this is because we feel there are too many coins where the premine is left unexplained and there are vague wallets with unidentified coins and owners.

We hope that this will foster a good relationship with the community.
 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------  
 
[b]What is different about Ultracoin??[/b]

Let be honest, the code is not the most difficult part of an endeavour like this,although scrypt jane is not the easyest thing to do because of enhanced asic resistance.

So what is left then? ......the team.The people behind it. What is their intention? what is their vision?


Ultracoin has employed many influential people for ammounts like 5 btc, 10 btc and 15 btc per person as well as UTC rewards.Every person brings a different skillset to the table and is hard at work to make things happen for UTC.

It is not yet super evident to the public how this will unfold into actual results, but if you keep an eye on us you will see many fast and wonderfull developements.


Without this kind of support a coin is just a coin, and has no real future.We wish to stand out from a legion of altcoins and with the building of this community we will achieve that.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 
[b]Stakeholders proposition[/b]

BIDDING IS CLOSED<EXPECT A REPLY TODAY< WE MIGHT BE ABLE TO ACCEPT (ALMOST) ALL BIDS>STAY TUNED

ALL OFFERS ACCEPTED, NOBODY REJECTED
 
The reason we want to sell of coins during the launch is because not everybody has an ability to mine coins, this would give an unfair advantage to early miners.
They would get a fairly large amount of coins due to low difficulty, giving a great advantage over traders who have to wait until our coin is accepted on exchanges.
 
 
 
[i]Stakeholders rights:[/i]
 
Stakeholder have a right to be anonymous for as long as they please (including in perpetuity).
 
 
 
[u]A total of 1,600,000 UTC will be available to purchase[/u] right after the UTC launch by anybody who desires to do so. These 1.600,000 UTC will come out of the 2% premine, [u]not[/u] on top of it. This means 98% (98 million UTC) of all coins can be mined by anyone with a GPU or CPU.
 
We will accept open offers with a coin amount and price of your choice (with a minimum bid of 0.00005 btc per unit of UTC), and will select people until all 1,600,000 UTC is sold.

We will launch as on February 1st, however you may make an offer to us now as of [u]now[/u].

Please send your offer to [b]X[/b]. Offers will be entertained and replied between 13-1-2014 and 27-1-2014



this offer must include:

- your (nick) name this name will be on our website along with your UTC adress to offer total transparancy, if you wish to remain anonymous put an X here.

-The ammount of UTC you wish to purchase

-Your UTC unit price (with a minimum of 0.00005[btc]) and the totals in UTC and BTC.




[i]Example message:[/i]

name             : billy
UTC amount     : 10.000 (ten thousand)
unit price         : 0.00005
total             : 0,5[btc]


you may copy & paste this

name             :
UTC amount        :
unit price         :    
total             :      [btc]

If your offer is accepted you will recieve an adress to send [btc] to, and as soon as we have received and verified your [btc], you will receive an e mail confirming your payment.We will destribute all the wallets to stakeholders on the same day as the wallet link goes up, and then you will recieve your coins( this is to prevent early mining and also reduce chance of 51% attack


please note that verification will not be optimal in the beginning since we need the miners to act as nodes (Custom pool software is being built).


 


------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


[i]-What will happen with the [btc] that comes in?[/i]


 
A portion of this amount will be used for rewards and bounties to further the development of Ultracoin (please view the rewards and bounties section below), as well.
 
The remainder of the BTC will be divided under the 2 equal partners to recoup the investment in this coin, and yes, we will also earn [btc] with this endeavour.
 
Also note that we are in this thing for the long haul and we are thinking long term, so because we might sell our coins years from now, the 2 partners will take some BTC at the start from the stakes that are sold.
 
We have no intention of dumping our coins when it reaches a certain value and then abandon this project. We would also like to state that we have no intention of becoming the next hype coin, with a massive rise in the first week and then a downwards slope without recovery. If this is what you desire there are many hypecoins to choose from, but that`s not us.
 
Bitcoin took 5 years to get to this level, so we have all the time in the world. We would rather have slow growth towards a truly stable coin than the next hype coin.


[i]Please note that we would also like to ask larger stakeholders to sell responsibly right after launch, so that a healthy market may form.[/i]



------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 
[b]Rewards and Bounties [/b]
 
 
We will be giving rewards/bounties for certain jobs paid in BTC and/or UTC.



Our dev will review your work, and if it is selected we will launch it for a 2 week evaluation period in which the community can use it so we may test it for flaws and bugs.
 
After the work has passed the quality norm,you will receive your reward, and it will be visible on our homepage.
 
such jobs include:
 
-Blockchain explorer       -     7500 UTC

-Android wallet              -     3000 UTC
 
-Mac wallet                   -     3000 UTC

-mac os gpu miner         -     3000 UTC

-Linux wallet                 -     3000 UTC
  
-Linux gpu miner            -     3000 UTC


If you feel you are a capable developer, you may start one of these jobs at once, please announce that you are working on it on this thread.

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 
 
We hope to have informed you properly and openly about our project and we know that we are nothing without acceptance from the community. Crypto is an open market and we hope we can provide a stable coin with a proper and dedicated team behind it, however the community will decide our success or failure so please join us and make ultracoin a success.
 
Thank you :D

Validity.Bringing Advanced Utility to the Blockchain with the Validity SmartChain!
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March 24, 2014, 01:09:07 AM
 #10590

Above is just a quick cleanup of the OP, of course, with some necessary additions. Still room for improvement, but then again, there always is. Smiley

Validity.Bringing Advanced Utility to the Blockchain with the Validity SmartChain!
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March 24, 2014, 01:11:32 AM
 #10591

Above is just a quick cleanup of the OP, of course, with some necessary additions. Still room for improvement, but then again, there always is. Smiley

yes, that looks great, thanks
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March 24, 2014, 02:25:08 AM
 #10592

Above is just a quick cleanup of the OP, of course, with some necessary additions. Still room for improvement, but then again, there always is. Smiley

Very nice!!!  Bumface does good work  Grin Grin Grin

Both you and dcgirl have done / are doing a lot for the momentum and forward motion with UTC;  very commendable!  I think, for me and at this point;  the people involved (all) in UTC are its' best characteristic and hope that continues moving forward.  Quite a group of people have contributed in their own way and it's great to see.

:unicorn:

Gah! still can't make it work
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March 24, 2014, 03:09:55 AM
 #10593

Hi all, just wanted to let you all know please direct any questions and PMs regarding ultra.leetpools.com to this account.

Thank you.

PS: Great job on the websites and updates!!!
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March 24, 2014, 04:13:28 AM
 #10594

Guys, is there a patched SGMiner for Ultracoin? Thanks!
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March 24, 2014, 05:04:07 AM
 #10595

Above is just a quick cleanup of the OP, of course, with some necessary additions. Still room for improvement, but then again, there always is. Smiley

Looks great! I just sent bumface a msg through another site to let him know to update it when he can Smiley
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March 24, 2014, 05:29:38 AM
 #10596

@dcgirl

I know that had been proposed before, but I agree it is more pertinent now than ever. A board of directors, if you will, should be established. I'd more than happily take up the responsibility for the web-development. I can assist with marketing and promotion but others have far more knowledge than I do.

We desperately need a dev who is more involved than Ziggy. I haven't seen him since the very beginning, months ago. I know he may make some changes here or there, but like you said, we need a leader in that position to direct and pursue projects.

And these positions, once established, should be set up as points of contact. Each individual should have an email address @ultracoin.net and should be publicly visible on the website for PR.
I think utc should be changed to have 10 utc per block instead of the current 50 utc per block.
having 10 utc per block means that there will be 28,800 utc mined per day instead of the current 144,000 per day.

litecoin has 28800 ltc mined per day
vertcoin has 28800 vtc mined per day.
utc's 144000 per day is too high. it should be divided by 5 to have 10 utc per block instead. that would mean 28800 utc per day too.

     I think soon the n-factor will cause some miners to move on and there will proly be new coins using scrypt-n or scrypt- jane the same way all the scrypt coins keep popping up.
    Also, if the pos was less there might be an incentive for miners to hold on and not dump so much. A year??? Not gonna happen here, can make far more by trading in a month if I choose. For example, If the pos was 2% the first month and increased a bit each month based on coin age say for the first six months or a year, than that is an incentive that will promote a stable price while the coin gains real world traction. Right now lots of sellers and no buyers willing or able to promote a stable price. A year in crypto at this stage is a long time.
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March 24, 2014, 06:02:33 AM
 #10597

@dcgirl

I know that had been proposed before, but I agree it is more pertinent now than ever. A board of directors, if you will, should be established. I'd more than happily take up the responsibility for the web-development. I can assist with marketing and promotion but others have far more knowledge than I do.

We desperately need a dev who is more involved than Ziggy. I haven't seen him since the very beginning, months ago. I know he may make some changes here or there, but like you said, we need a leader in that position to direct and pursue projects.

And these positions, once established, should be set up as points of contact. Each individual should have an email address @ultracoin.net and should be publicly visible on the website for PR.
I think utc should be changed to have 10 utc per block instead of the current 50 utc per block.
having 10 utc per block means that there will be 28,800 utc mined per day instead of the current 144,000 per day.

litecoin has 28800 ltc mined per day
vertcoin has 28800 vtc mined per day.
utc's 144000 per day is too high. it should be divided by 5 to have 10 utc per block instead. that would mean 28800 utc per day too.

     I think soon the n-factor will cause some miners to move on and there will proly be new coins using scrypt-n or scrypt- jane the same way all the scrypt coins keep popping up.
    Also, if the pos was less there might be an incentive for miners to hold on and not dump so much. A year??? Not gonna happen here, can make far more by trading in a month if I choose. For example, If the pos was 2% the first month and increased a bit each month based on coin age say for the first six months or a year, than that is an incentive that will promote a stable price while the coin gains real world traction. Right now lots of sellers and no buyers willing or able to promote a stable price. A year in crypto at this stage is a long time.

If, big 'IF' by the way, I remember correctly, bumface asked ziggy if we could shorten the coin age and ziggy said it would or might cause problems. Idk what kind of problems. Maybe the client would run out of UTC from not charging a high enough TX fee? I really haven't a clue though... I'm curious where the minted coins actually generate from.

OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt
SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu
Friendly reminder: Back up your wallet.dat files!!
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March 24, 2014, 06:26:36 AM
 #10598

......

R9 290 4GB/6GB RAM (1040/1400) ~140khs

setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
ultracoinminer -o stratum+tcp://ultra.nitro.org:3337 -u xxx -p xxx --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600  -w 64 -g 1 -I 18 --thread-concurrency 42000 --no-submit-stale --lookup-gap 3 --expiry 10 --scan-time 1 --queue 0


My r9 290 dies more or less 5 hours after launch with these settings. It runs smoothly at 140kh/s and then suddenly dies.
Any suggest? Thanks in advance

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March 24, 2014, 07:14:54 AM
 #10599

Price looking really low on cryptsy at the moment, good time to buy in or pump Smiley

Or just show some support with big buy walls hehe.
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March 24, 2014, 07:35:48 AM
 #10600

......

R9 290 4GB/6GB RAM (1040/1400) ~140khs

setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
ultracoinminer -o stratum+tcp://ultra.nitro.org:3337 -u xxx -p xxx --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600  -w 64 -g 1 -I 18 --thread-concurrency 42000 --no-submit-stale --lookup-gap 3 --expiry 10 --scan-time 1 --queue 0


My r9 290 dies more or less 5 hours after launch with these settings. It runs smoothly at 140kh/s and then suddenly dies.
Any suggest? Thanks in advance

Use cgwatcher, and let it restart your miner every 3 hours or so. I restart every 4 hours and have no problems.
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