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

[SxC]

hashrates are low, difficulty has reached 1.5 then blockreward will reduced to 20. how can miners survived with this?

me and my friends will probably switch to other coin when the block reward got implemented, holding coins won't work because we need to pay our electric bills monthly, and with these changes monthly profit will be negative.

how sad   

Sell the coins for a better price then... People are selling way too cheap.

+1 so undervalued

[bumface]

the thing is, the supply is too large, this prevents the price from rising.

miners sell at a low price, flushing demand,price not rising.This is a self perpetuating cycle like the nitro thing (miners wont leave becasue of orphans at other pools, but leaving would mean other pools dont get orphans)

so something must be done to break the cycle...

I onderstand very well miners have bills to pay,but if they hold a bit the price can rise and they can make more money

[TheStuhlman]

I have asked a community leader from another coin community to provide us with a capable coder to assist in giving the client a much needed overhaul. Hopefully we'll get an answer today. Yes Nitro is a problem at the moment, as well as a solution. Nitro does run faster than the network, by about 300%
This does not give other pools a level playing field not even Nitro2. When the client update comes, We will take drastic action to spread the hash. This step at the moment will be fruitless. I am well aware of the danger of having one pool. I am hoping that in a week time with a good coder we can have a new client and we will update and run this new client without any alteration in the process of how it runs. That should make all the pools equal in speed and performance. We detected this bug in the first week, and reported it, and I did mention, it will get worse with every Nfactor change. We are working on some optimizations on Nitro2 at the moment to bring it up to speed. Just bare with us one more week, till we get the client fixed. This bug btw does not affect the average user, but some users might notice the client is not starting up as quick, or going into a coma, before it wakes up 10 to 15 minutes later, just imagine this happening on a client with 1000+ workers. I know some of you will not believe what I say regardless of how many times I say it, but I have been honest and truthful about it. At one point our client was doing that, we did not tamper with the code to fix it, as that will make us responsible for any screwups. We just applied an expensive fix. Just give us one more week to work on a solution that will benefit both pools and community. Also there is some other issues that need to be addressed as well, PoS, Coin Control, Block reward, and once done it will make UTC stronger and more trustworthy. It is solutions like these that will make UTC a better coin for the future. I hope once the coder/lead developer is present he might be able to describe to you the problem in more details, and apply the fix in a short time.

[BerserkU]

I'm currently getting 60kh on 1 x R9 290.(No overclocking) - This is from some settings posted earier

Is anyone getting anymore? ... and would be willing to help me out
BTW - i have 16GB of RAM - but will be using it on an 8GB system


Thanks

[Vasya]

I'm currently getting 60kh on 1 x R9 290.(No overclocking) - This is from some settings posted earier

Is anyone getting anymore? ... and would be willing to help me out
BTW - i have 16GB of RAM - but will be using it on an 8GB system


Thanks

I'm currently getting 81 kh on 2 x R9 290.(No overclocking)

[BerserkU]

http://whatmine.com/

UTC most profitable to mine

Thats because it hasnt taken into account the n-factor change

[shpakov]

Oбъeм oпepaтивнoй пaмяти 2x4Gb

Для Asus Radeon R9 280X (4шт)

57кH GPU1070 Mem1500 HW=0
64kH GPU1200 Mem1500 HW= 1-3  нa кaждyю кapтy зa 2 чaca paбoты.

нacтpoйки:

SET GPU_MAX_ALLOC_PERCENT=100
yacminer.exe --scrypt-chacha -o stratum+tcp://ultra.nitro.org:3337 -u .... -p .... -o stratum+tcp://ultra.leetpools.com:3333 -u .... -p .... -o stratum+tcp://ultra.minepools.us:5301 -u .... -p ..... -R 8000 -g 1 -w 128 --buffer-size 2656 --lookup-gap 3 --nfmin 4 --nfmax 30 --starttime 1388361600 --auto-fan --temp-cutoff 90 --temp-overheat 85 --gpu-fan 75-95 2>logfile.txt
------------------------------

Oбъeм oпepaтивнoй пaмяти 1x8Gb

Для Гигaбaйт R9 270X (4шт.)

36кH GPU1100 Mem1400 HW=0-1 нa кaждoй кapтe
39,9 кH GPU1200 mem1400 HW=1 нa кaждyю кapтy

нacтpoйки:

SET GPU_MAX_ALLOC_PERCENT=100
yacminer.exe --scrypt-chacha -o stratum+tcp://ultra.nitro.org:3337 -u ... -p ... -o stratum+tcp://ultra.leetpools.com:3333 -u ... -p ... -o stratum+tcp://ultra.minepools.us:5301 -u ... -p ... -R 10000 -g 1 -w 256 --buffer-size 1576 --lookup-gap 3 --nfmin 4 --nfmax 30 --starttime 1388361600 --auto-fan --temp-cutoff 90 --temp-overheat 85 --gpu-fan 75-95 2>logfile.txt


Пoльзyйтecь нa здopoвьe.

[Wirly]

I have asked a community leader from another coin community to provide us with a capable coder to assist in giving the client a much needed overhaul. Hopefully we'll get an answer today. Yes Nitro is a problem at the moment, as well as a solution. Nitro does run faster than the network, by about 300%
This does not give other pools a level playing field not even Nitro2. When the client update comes, We will take drastic action to spread the hash. This step at the moment will be fruitless. I am well aware of the danger of having one pool. I am hoping that in a week time with a good coder we can have a new client and we will update and run this new client without any alteration in the process of how it runs. That should make all the pools equal in speed and performance. We detected this bug in the first week, and reported it, and I did mention, it will get worse with every Nfactor change. We are working on some optimizations on Nitro2 at the moment to bring it up to speed. Just bare with us one more week, till we get the client fixed. This bug btw does not affect the average user, but some users might notice the client is not starting up as quick, or going into a coma, before it wakes up 10 to 15 minutes later, just imagine this happening on a client with 1000+ workers. I know some of you will not believe what I say regardless of how many times I say it, but I have been honest and truthful about it. At one point our client was doing that, we did not tamper with the code to fix it, as that will make us responsible for any screwups. We just applied an expensive fix. Just give us one more week to work on a solution that will benefit both pools and community. Also there is some other issues that need to be addressed as well, PoS, Coin Control, Block reward, and once done it will make UTC stronger and more trustworthy. It is solutions like these that will make UTC a better coin for the future. I hope once the coder/lead developer is present he might be able to describe to you the problem in more details, and apply the fix in a short time.

Yes, I totally believe you and great for you to take the lead on this.

[BerserkU]

I'm currently getting 60kh on 1 x R9 290.(No overclocking) - This is from some settings posted earier

Is anyone getting anymore? ... and would be willing to help me out
BTW - i have 16GB of RAM - but will be using it on an 8GB system


Thanks

I'm currently getting 81 kh on 2 x R9 290.(No overclocking)

Is that 81kh on each card?

[Vasya]

I'm currently getting 60kh on 1 x R9 290.(No overclocking) - This is from some settings posted earier

Is anyone getting anymore? ... and would be willing to help me out
BTW - i have 16GB of RAM - but will be using it on an 8GB system


Thanks

I'm currently getting 81 kh on 2 x R9 290.(No overclocking)

Is that 81kh on each card?

yes

[BerserkU]

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

Can anyone explain this Proof of stake thing to me. I currently have all my coins on crypty but if i could get interest by just having them in my wallet then that would be great.

After seeing the instructions it seems that my passprase can be set to always be entered which surely means that my coins are always at risky and anyone can withdraw my coins if my computer is hacked with malware? Am i missing something here?

[Thirtybird]

For what reason scrypt-jane is named chacha in yac?

because that's actually the name of the hashing and mixing functions used for the coin.  Scrypt-jane is a software library.  Yeah, I'm basically saying everyone but me is wrong - it's my problem, I know

[bumface]

everyone will know the truth when new parameters appear as if by magic...

P R I V A T E    P A R A M E T E R S . . .

if you are going to pretend to be another person you should not say the exact same things xtrembash

[Wirly]

Ultracoin = GPU-RESISTANT

no, its only idiot resistant

[KingCole]

Ultracoin = GPU-RESISTANT

no, its only idiot resistant

lol 

[UltraMegaMan]

Bumface and Nitro dev's have done what they can with the hashrate problem

It's the miner's who are at fault

guys we are aware of the hashrate distribution,and we are working on solutions.

but at the end of the day its the miners that choose were to mine, this is not nitro`s fault....

this is a self perpetuating situation, nobody leaves nitro becasue they dont want orphans at other pools, but if enough people left, those other pools wont even have any orphans..

I can not force people to switch, i paid 5000 UTC to move people......

If miners refuse to leave my hands are tied

+1 miners move ya ass spread the hash

There is no reason to change pool and lose 7%+.
I'll move if the Nitro fee is higher than orphans on other pools, so 10% fee, 15%-20% would have a much quicker effect. Fee could be made variable based on percentage of network hash power, similar to what GHash.io did with Litecoin bonus rewards.
How much was 5000UTC at the time - $500-$750? Hardly a substantial incentive when spread among the large miners.

[BerserkU]

I'm currently getting 60kh on 1 x R9 290.(No overclocking) - This is from some settings posted earier

Is anyone getting anymore? ... and would be willing to help me out
BTW - i have 16GB of RAM - but will be using it on an 8GB system


Thanks

I'm currently getting 81 kh on 2 x R9 290.(No overclocking)

Is that 81kh on each card?

yes

Do you want to share your settings?

[TheStuhlman]

For what reason scrypt-jane is named chacha in yac?

because that's actually the name of the hashing and mixing functions used for the coin.  Scrypt-jane is a software library.  Yeah, I'm basically saying everyone but me is wrong - it's my problem, I know

Actually Chacha is the correct name.

[dcgirl]

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

Can anyone explain this Proof of stake thing to me. I currently have all my coins on crypty but if i could get interest by just having them in my wallet then that would be great.

After seeing the instructions it seems that my passprase can be set to always be entered which surely means that my coins are always at risky and anyone can withdraw my coins if my computer is hacked with malware? Am i missing something here?

Two things - first, we are looking at developing exactly what was mentioned - locking a portion of coins for proof of stake. This is one of a few modifications soon to be underway.

And second - ideally your wallet will be unlocked, but encrypted, which removes the risk (someone correct me if I'm wrong).

[BerserkU]

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

Can anyone explain this Proof of stake thing to me. I currently have all my coins on crypty but if i could get interest by just having them in my wallet then that would be great.

After seeing the instructions it seems that my passprase can be set to always be entered which surely means that my coins are always at risky and anyone can withdraw my coins if my computer is hacked with malware? Am i missing something here?

Two things - first, we are looking at developing exactly what was mentioned - locking a portion of coins for proof of stake. This is one of a few modifications soon to be underway.

And second - ideally your wallet will be unlocked, but encrypted, which removes the risk (someone correct me if I'm wrong).

i thought locked and encrypted were the same thing!?? The passprase locks and encrypts it