[ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!

[NickPortland]

Ok, Italian Thread is live here: https://bitcointalk.org/index.php?topic=544712

[1714553054]

1714553054

[1714553054]

1714553054

[bumface]

Ok, Italian Thread is live here: https://bitcointalk.org/index.php?topic=544712

awesome!!

[MinerSVK]

I try again:

My trouble:

Sapphire 280x Vapor-x (Elpida Memory) 3GB, undervolted to 1.087, hashrate only avg. 70 khash/s

My system configuration:
Win 8.1 64bit Pro
AsRock H81 Pro BTC
4 GB Ram
2x MSI 270 Gaming 2gb (undervolted to 1.100 = avg. 87 khash/s)
2x Sapphire 280x Vapor-X

My config

Code:

"scrypt-jane" : true,
"sj-nfmin" : "4",
"sj-nfmax" : "30",
"sj-time" : "1388361600",
"api-listen" : true,
"auto-fan" : true,
"failover-only" : true,
"gpu-fan" : "30-85",
"gpu-threads" : "1,1,2,2",
"intensity" : "16,16,12,12",
"gpu-engine" : "1000,1000,1050,1050",
"gpu-memclock" : "1250,1250,1500,1500",
"gpu-powertune" : "0,0,20,20",
"kernel" : "scrypt-jane",
"kernel-path" : "/usr/local/bin",
"no-pool-disable" : true,
"temp-cutoff" : "84",
"temp-hysteresis" : "3",
"temp-target" : "72",
"worksize" : "256,256,256,256",
"thread-concurrency" : "22336,22336,16384,16384",
"lookup-gap": "2,2,2,2",
"queue" : "0",
"scan-time" : "1",

0 = 270, 1 = 270, 2 = 280x, 3 = 280x

I tried change TC, lookup-gap,gpu-threads, change virtual memory, add + 4 GB ram nothing helped, same hashrate.

But:

If I plug only one 280x without any other card, hashrate was fine 135-140 khash/s, if i plug second 280x hashrate fall to 75 khash.

If i change intensity up +13, hashrate changed to 135-140 but with many HW errors.

Thanks for any ideas. Sry for a terrible english

Any Idea

[Wh1teKn1ght]

the PoS maturity time really needs to change on this coin. At a current rate of 365 days for maturity, the PoS is essentially useless, especially if you want this coin to be adopted as a currency where ppl are moving money in and out, thereby resetting the coin-age to zero...

[Nalacha]

Hey all I am having an issue with my UTC mining.. I just got another 7950 card so I have 2 in total now..

before i was able to mine with what settings i had no problem.. now since i added the new card i always get hardware errors...

I took the card out and i am getting the same issue..

my settings are this.

ultracoinminer -o stratum+tcp://ultra.nitro.org:3337 -u xxx -p xxx --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -I 11 --thread-concurrency 8192

i think i had this before when i was at 1 card but at this point i can't get anything to work..


my rig is an old amd x2 core 5g ram 1000 PSU win 7 64 2x7950
1 120ssd..

I really would love some help all I tired using this...

setx GPUMAXALLOCPERCENT 100
setx GPUUSESYNCOBJECTS 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 256 -g 2 -I 12 --thread-concurrency 16384 --no-submit-stale --expiry 10 --scan-time 1 --queue 0

and deleted a few things and see if that helped and nothing...

I was under the impression you can only mine at I11 not 12... but either way i still need help!!!!

[Thirtybird]

Hey all I am having an issue with my UTC mining.. I just got another 7950 card so I have 2 in total now..

before i was able to mine with what settings i had no problem.. now since i added the new card i always get hardware errors...

I took the card out and i am getting the same issue..

my settings are this.

ultracoinminer -o stratum+tcp://ultra.nitro.org:3337 -u xxx -p xxx --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -I 11 --thread-concurrency 8192

i think i had this before when i was at 1 card but at this point i can't get anything to work..


my rig is an old amd x2 core 5g ram 1000 PSU win 7 64 2x7950
1 120ssd..

I really would love some help all I tired using this...

setx GPUMAXALLOCPERCENT 100
setx GPUUSESYNCOBJECTS 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 256 -g 2 -I 12 --thread-concurrency 16384 --no-submit-stale --expiry 10 --scan-time 1 --queue 0

and deleted a few things and see if that helped and nothing...

I was under the impression you can only mine at I11 not 12... but either way i still need help!!!!

Ya, I can see you're just guessing at this point.  Forget -g 2 - it hurts more than it helps with UTC.  You are allocating way too little memory - Assuming you have 2 GB cards..  if you insist on using that miner, bump your thread-concurrency up to 24000 or so, set your lookup-gap to 3 and crank the intensity.  If your miner support xintensity, xI =8 or xI = 16 is a nice setting.

[Thiago1]

Hey all I am having an issue with my UTC mining.. I just got another 7950 card so I have 2 in total now..

before i was able to mine with what settings i had no problem.. now since i added the new card i always get hardware errors...

I took the card out and i am getting the same issue..

my settings are this.

ultracoinminer -o stratum+tcp://ultra.nitro.org:3337 -u xxx -p xxx --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -I 11 --thread-concurrency 8192

i think i had this before when i was at 1 card but at this point i can't get anything to work..


my rig is an old amd x2 core 5g ram 1000 PSU win 7 64 2x7950
1 120ssd..

I really would love some help all I tired using this...

setx GPUMAXALLOCPERCENT 100
setx GPUUSESYNCOBJECTS 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 256 -g 2 -I 12 --thread-concurrency 16384 --no-submit-stale --expiry 10 --scan-time 1 --queue 0

and deleted a few things and see if that helped and nothing...

I was under the impression you can only mine at I11 not 12... but either way i still need help!!!!

.    



.  Hello I think I can help you with that the problem that is  


setx GPUMAXALLOCPERCENT 100
setx GPUUSESYNCOBJECTS 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 256 -g 1 -I 17 --thread-concurrency 28664 --no-submit-stale --expiry 10 --scan-time 1 --queue 0


if you realize and replace what you have wrong usually do not help anyone so I would appreciate you to give thanks
one more thing the more n-factor you will need to increase tread-concurency
  

[Halofire]

the PoS maturity time really needs to change on this coin. At a current rate of 365 days for maturity, the PoS is essentially useless, especially if you want this coin to be adopted as a currency where ppl are moving money in and out, thereby resetting the coin-age to zero...

this coin is meant for long term holding for bucks, not an easy quick return for pennies.

[reflexmk]

Quick Q: I haven't opened my wallet couple of days, does it matter for POS? thanks

[jakiman]

- This downtrend is upsetting. We need to hold strong through the storm!


- Very low buy support across most exchanges.
- CT is a little better than these two at 23 BTC.

MintPal Order Depth
https://cryptrader.com/charts/mintpal/utc/btc


Cryptsy Order Depth
https://cryptrader.com/charts/cryptsy/utc/btc

[nanoprobe]

This is weird: when you mine a crypto you basically won't sell it under a certain price, no matter what. For some it's the electricity+mining cost price, for others just the idea of a price, and for some others an evil scheme etc.

But when price drops spectacularly like what we see right now, most miners desert the battlefield leaving only small & determined miners digging the trenches and mining at will with reduced difficulty. This is what is interesting by those times. Hashing power dropping because prices drop and therefore more coins for the remaining miner. This shows why most miners are in: instant profits. We can really get a measure of the finality of the mining process in those times, i.e.: the %age of miners leaving the game are the dumpers.

Therefore these dumpers leaving the game lead to a further stopping of the decline, and this is a self equilibrating situation.

Should price go up again big miners & dumpers flock again, then mining during crises would prove an excellent strategy because it gives small miners the lion's share in crucial times as well as more determination in holding their hardly earned coins, therefore negating whatever big miners can come up with when competition really hurts. The begining of a coin should always happen with expansion-retraction cycles to solidify the base. This illustrates that the value of a scarce resource is also defined by the stocks and the willingness to sell at a given price.

I wish more miners leave the scene and go away mining the DOGE farce or fight a desperate war against asics on LTC before coming back once prices take off again. They would have rendered a nice service to small holders that will constitute the base of the holders, and later whales. Because you don't sell something for no profit.

IMHO your premise about miners is flawed. I move around and mine the most profitable coin at any given time. I sell some of each coin to offset the electricity costs + $100USD and hold the rest. That way I have backup funds to replace equipment as needed and a stash of many coins to sell/buy as I see fit. I never "dump". This whole mining craze has driven many to spend thousands on equipment they can't really afford because they think this is a get rich scheme. When that doesn't happen they panic sell everything. They really have no idea what they're doing or understand about trading fundamentals or how to read charts. The markets will eventually settle out and the knee jerk miners will fall by the wayside. What's happening now reminds me very much of the US NASDAQ market tech bubble of the 90s. Only time will tell.
As for asics, they will be a game changer but not necessarily a good one. What I see is them mining the lesser coins and dumping them until each one is dead to pay for the outrageous prices being charged for asic miners. The remaining coins (LTC and a few others) will see their difficulties skyrocket and leave the asics with the same problem that happened to BTC. The mega hashers with deep pockets will drive the smaller players out of the plain scrypt market. They'll be left holding miners that will be pretty much worthless or sold at a huge loss to the mega hashers because they can't be used for anything else. In the mean time there will more asic resistant coins for the GPU miners and I doubt the asic companies will be able to make a different miner for every different coin. All that being said I see scrypt asics as only a fad with a niche market. JMHO.

Very interesting point: so the commoditization of mining (=ASIC-ness of a given coin) leads to consolidation of players, therefore making the coin ready for either a corporate or a even a governmental takeover, which will forcibly lead to the 51% attack in all probabilities.
It will be interesting to follow the development of both BTC and LTC mining markets to see what will be the practical consequences of this.
My impression will be that rather than ruining the coins this will make them reach a certain maturity that will lead to greater adoption by businesses and institutions, thereby making them de facto and de jure "legit".

Then, once a minimal set of coins has reached maturity, what will be the need for the others? -Most likely zero. Exchanges will therefore pump all of the wealth of the other coins to the emperors of coins, by means of pegging.

But the interesting point will come once every coin has been mined, because then these expensive ASIC miners will be used only for minting, meaning their numbers can then be reduced and electricity bills as well. But one should consider a yearly rate of coins loss resulting in a rarefaction of the resource which will then be reserved for "important uses" like governmental uses as well as transaction of smaller and smaller fractions because of the deflation.

The question then will be: will the strategy of the biggest players be like gold: storing it to back their other cryptos? -If so, will there be confiscation of these coins once they reach maturity to act as reserve currencies?

And then the corollary: what will the small people use then? -How to determine its legality (hint: exchanges)?
My guess: there will always be room for an alternative crypto, because SR sequels are here to stay and will strive on it.

Another interesting read. A hard fork to circumvent scrypt asics may be another blow to their long term viability.

http://www.reddit.com/r/Hirocoin/comments/215lkd/changing_landscape_for_scrypt/

[Nalacha]

Hey all I am having an issue with my UTC mining.. I just got another 7950 card so I have 2 in total now..

before i was able to mine with what settings i had no problem.. now since i added the new card i always get hardware errors...

I took the card out and i am getting the same issue..

my settings are this.

ultracoinminer -o stratum+tcp://ultra.nitro.org:3337 -u xxx -p xxx --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -I 11 --thread-concurrency 8192

i think i had this before when i was at 1 card but at this point i can't get anything to work..


my rig is an old amd x2 core 5g ram 1000 PSU win 7 64 2x7950
1 120ssd..

I really would love some help all I tired using this...

setx GPUMAXALLOCPERCENT 100
setx GPUUSESYNCOBJECTS 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 256 -g 2 -I 12 --thread-concurrency 16384 --no-submit-stale --expiry 10 --scan-time 1 --queue 0

and deleted a few things and see if that helped and nothing...

I was under the impression you can only mine at I11 not 12... but either way i still need help!!!!

.    



.  Hello I think I can help you with that the problem that is  


setx GPUMAXALLOCPERCENT 100
setx GPUUSESYNCOBJECTS 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 256 -g 1 -I 17 --thread-concurrency 28664 --no-submit-stale --expiry 10 --scan-time 1 --queue 0


if you realize and replace what you have wrong usually do not help anyone so I would appreciate you to give thanks
one more thing the more n-factor you will need to increase tread-concurency
  

I am still lost.. I tired your settings and still getting hardware errors.

[Nalacha]

Hey all I am having an issue with my UTC mining.. I just got another 7950 card so I have 2 in total now..

before i was able to mine with what settings i had no problem.. now since i added the new card i always get hardware errors...

I took the card out and i am getting the same issue..

my settings are this.

ultracoinminer -o stratum+tcp://ultra.nitro.org:3337 -u xxx -p xxx --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -I 11 --thread-concurrency 8192

i think i had this before when i was at 1 card but at this point i can't get anything to work..


my rig is an old amd x2 core 5g ram 1000 PSU win 7 64 2x7950
1 120ssd..

I really would love some help all I tired using this...

setx GPUMAXALLOCPERCENT 100
setx GPUUSESYNCOBJECTS 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 256 -g 2 -I 12 --thread-concurrency 16384 --no-submit-stale --expiry 10 --scan-time 1 --queue 0

and deleted a few things and see if that helped and nothing...

I was under the impression you can only mine at I11 not 12... but either way i still need help!!!!

Ya, I can see you're just guessing at this point.  Forget -g 2 - it hurts more than it helps with UTC.  You are allocating way too little memory - Assuming you have 2 GB cards..  if you insist on using that miner, bump your thread-concurrency up to 24000 or so, set your lookup-gap to 3 and crank the intensity.  If your miner support xintensity, xI =8 or xI = 16 is a nice setting.

I did try all that and still same thing.. i really dont understand i can do lite coin bit coin no problem but not able to do UTC anymore....

[Thiago1]

Hey all I am having an issue with my UTC mining.. I just got another 7950 card so I have 2 in total now..

before i was able to mine with what settings i had no problem.. now since i added the new card i always get hardware errors...

I took the card out and i am getting the same issue..

my settings are this.

ultracoinminer -o stratum+tcp://ultra.nitro.org:3337 -u xxx -p xxx --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -I 11 --thread-concurrency 8192

i think i had this before when i was at 1 card but at this point i can't get anything to work..


my rig is an old amd x2 core 5g ram 1000 PSU win 7 64 2x7950
1 120ssd..

I really would love some help all I tired using this...

setx GPUMAXALLOCPERCENT 100
setx GPUUSESYNCOBJECTS 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 256 -g 2 -I 12 --thread-concurrency 16384 --no-submit-stale --expiry 10 --scan-time 1 --queue 0

and deleted a few things and see if that helped and nothing...

I was under the impression you can only mine at I11 not 12... but either way i still need help!!!!

Ya, I can see you're just guessing at this point.  Forget -g 2 - it hurts more than it helps with UTC.  You are allocating way too little memory - Assuming you have 2 GB cards..  if you insist on using that miner, bump your thread-concurrency up to 24000 or so, set your lookup-gap to 3 and crank the intensity.  If your miner support xintensity, xI =8 or xI = 16 is a nice setting.

I did try all that and still same thing.. i really dont understand i can do lite coin bit coin no problem but not able to do UTC anymore....

Try this .  Thread-concurency 8192 I- 11 -g 2 i forget You have old amd

[Nalacha]

Try this .  Thread-concurency 8192 I- 11 -g 2 i forget You have old amd
[/quote]

no thats not working as well.. I had this working great with one card before then i added the new one then i get the HW so i take the card out and now i am forever getting HW....

[Thiago1]

Hey all I am having an issue with my UTC mining.. I just got another 7950 card so I have 2 in total now..

before i was able to mine with what settings i had no problem.. now since i added the new card i always get hardware errors...

I took the card out and i am getting the same issue..

my settings are this.

ultracoinminer -o stratum+tcp://ultra.nitro.org:3337 -u xxx -p xxx --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -I 11 --thread-concurrency 8192

i think i had this before when i was at 1 card but at this point i can't get anything to work..


my rig is an old amd x2 core 5g ram 1000 PSU win 7 64 2x7950
1 120ssd..

I really would love some help all I tired using this...

setx GPUMAXALLOCPERCENT 100
setx GPUUSESYNCOBJECTS 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 256 -g 2 -I 12 --thread-concurrency 16384 --no-submit-stale --expiry 10 --scan-time 1 --queue 0

and deleted a few things and see if that helped and nothing...

I was under the impression you can only mine at I11 not 12... but either way i still need help!!!!

Ya, I can see you're just guessing at this point.  Forget -g 2 - it hurts more than it helps with UTC.  You are allocating way too little memory - Assuming you have 2 GB cards..  if you insist on using that miner, bump your thread-concurrency up to 24000 or so, set your lookup-gap to 3 and crank the intensity.  If your miner support xintensity, xI =8 or xI = 16 is a nice setting.

I did try all that and still same thing.. i really dont understand i can do lite coin bit coin no problem but not able to do UTC anymore....

Try this .  Thread-concurency 8192 I- 11 -g 2 i forget You have old amd

. do You have the right CGMINER for scrypt Jane regular cgminer not work for Ultracoin

[Nalacha]

I have the miner like i said it worked before now it does not.. even with my one card installed not 2.

[sunny168]

It would be nice to be able to lock a set amount of coins in the wallet for the use of stake, and there would then also be a password and a warning text that says that the timer on these coins will now be reset when moving them out of the "vault". Sure I could have a separate wallet for staking my coins but implementing it into the wallet would be much cooler

[Nalacha]

Can anyone help???

I want to get up and running again i am just at a loss!

[Sanasol]

UTC added to SanCrypto
http://sancrypto.info/index/show/UTC/