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Author Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!  (Read 946563 times)
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SxC
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May 07, 2014, 06:57:07 PM
 #13621

15 seconds the wallet should open up
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Whoever mines the block which ends up containing your transaction will get its fee.
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May 07, 2014, 07:02:00 PM
 #13622

ZeusMiner will begin shipping out its first 500 Scrypt-Asics on May, 20th.
http://zeusminer.com/2014/05/07/progress-update-20140507/

Maybe there's already the reason for UTC's existance. Now we need to convince all GPU miners to switch to us.. Wink

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May 07, 2014, 07:04:18 PM
 #13623

just a crazy idea, but how about having a mascot? "Ultraman" he sounds like a super hero! We could use it to advertise? Do we have any cartoonists? Other than Doge no other coin is doing anything along those lines so could be something unique
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May 07, 2014, 07:08:06 PM
 #13624

ZeusMiner will begin shipping out its first 500 Scrypt-Asics on May, 20th.
http://zeusminer.com/2014/05/07/progress-update-20140507/

Maybe there's already the reason for UTC's existance. Now we need to convince all GPU miners to switch to us.. Wink

could we make that #1 priory for the community to do. Tell the miners to move to UTC. Where are the best places to do this? Could we buy ad space on coinwarz etc etc or chat in mining forums? I will do my best to help. These miners looking at migrating are essential for UTC to rise into coinmarketcap top 10
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May 07, 2014, 07:19:19 PM
 #13625

ZeusMiner will begin shipping out its first 500 Scrypt-Asics on May, 20th.
http://zeusminer.com/2014/05/07/progress-update-20140507/

Maybe there's already the reason for UTC's existance. Now we need to convince all GPU miners to switch to us.. Wink

could we make that #1 priory for the community to do. Tell the miners to move to UTC. Where are the best places to do this? Could we buy ad space on coinwarz etc etc or chat in mining forums? I will do my best to help. These miners looking at migrating are essential for UTC to rise into coinmarketcap top 10

You can start by voting this reddit comment here up:
http://www.reddit.com/r/litecoin/comments/24w3yq/the_litecoin_network_hashrate_will_top_1ths/chc2bx0

Quote
The future of GPU miners lies clearly in asic-resistant Scrypt-Chacha coins like Ultracoin (UTC). Those will rise when ASICS begin to mine Scrypt coins. http://www.ultracoin.net/aboututc.html

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bumface (OP)
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May 07, 2014, 07:20:41 PM
 #13626

ZeusMiner will begin shipping out its first 500 Scrypt-Asics on May, 20th.
http://zeusminer.com/2014/05/07/progress-update-20140507/

Maybe there's already the reason for UTC's existance. Now we need to convince all GPU miners to switch to us.. Wink

could we make that #1 priory for the community to do. Tell the miners to move to UTC. Where are the best places to do this? Could we buy ad space on coinwarz etc etc or chat in mining forums? I will do my best to help. These miners looking at migrating are essential for UTC to rise into coinmarketcap top 10


https://www.flowertechnology.com/wp-content/uploads/2014/04/Accouncement-29_04_14.pdf


Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scrypt
mining community. The Flower Technology ASIC is now capable of mining Scrypt-N, up to N=16384
in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded mining
options and increased versatility. Examples of Scrypt-based coins you can mine with our machines
includes
Litecoin, Dogecoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine
with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA




NOT ultracoin  Grin

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May 07, 2014, 07:25:48 PM
 #13627

Yup, you'd need a scrypt-chacha purpose built ASIC for that...just add lookup-gap to halve memory requirements and voila, scrypt-n asic. (and 1/4 the normal scrypt performance)
But it needs to be built from the ground up with that feature, I'm not sure about that, sounds more like a scam.
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May 07, 2014, 07:30:07 PM
 #13628

ZeusMiner will begin shipping out its first 500 Scrypt-Asics on May, 20th.
http://zeusminer.com/2014/05/07/progress-update-20140507/

Maybe there's already the reason for UTC's existance. Now we need to convince all GPU miners to switch to us.. Wink

could we make that #1 priory for the community to do. Tell the miners to move to UTC. Where are the best places to do this? Could we buy ad space on coinwarz etc etc or chat in mining forums? I will do my best to help. These miners looking at migrating are essential for UTC to rise into coinmarketcap top 10


https://www.flowertechnology.com/wp-content/uploads/2014/04/Accouncement-29_04_14.pdf


Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scrypt
mining community. The Flower Technology ASIC is now capable of mining Scrypt-N, up to N=16384
in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded mining
options and increased versatility. Examples of Scrypt-based coins you can mine with our machines
includes
Litecoin, Dogecoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine
with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA




NOT ultracoin  Grin

You made really smart choose with this algorithm for future in UTC Smiley
And i think you really like green Michael Grin
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May 07, 2014, 08:01:20 PM
 #13629

ZeusMiner will begin shipping out its first 500 Scrypt-Asics on May, 20th.
http://zeusminer.com/2014/05/07/progress-update-20140507/

Maybe there's already the reason for UTC's existance. Now we need to convince all GPU miners to switch to us.. Wink

could we make that #1 priory for the community to do. Tell the miners to move to UTC. Where are the best places to do this? Could we buy ad space on coinwarz etc etc or chat in mining forums? I will do my best to help. These miners looking at migrating are essential for UTC to rise into coinmarketcap top 10


https://www.flowertechnology.com/wp-content/uploads/2014/04/Accouncement-29_04_14.pdf


Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scrypt
mining community. The Flower Technology ASIC is now capable of mining Scrypt-N, up to N=16384
in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded mining
options and increased versatility. Examples of Scrypt-based coins you can mine with our machines
includes
Litecoin, Dogecoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine
with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA




NOT ultracoin  Grin

Just heard on cryptsy chat...

"Musaszi375
Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scryptmining community. The Flower Technology ASIC is now capable of mining Scrypt-N, up to N=16384in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded miningoptions and increased versatility. Examples of Scrypt-based coins you can mine with our machinesincludes Litecoin, Dogecoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA, NOT ultracoin"

Awesomeness all over it!!
If only coinbase would transfer my money now, I'd be buying more!!!
This coin rock!!!
CryptoCthulhu
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May 07, 2014, 08:26:24 PM
 #13630

Good news for UTC, spread the word people. I'm hodling from the beginning. UTC FTW!
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May 07, 2014, 08:35:26 PM
 #13631

Can anyone (preferable bumface) explain to me why this Flowertech Scrypt-N Miner isn't capable of mining UTC?
I need some tech facts / good background information about it, because I want to contact coindesk and ask them to write an article about the future of GPU mining..

Crypto-Trade: Invest. Trade. Be free.
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untalented
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May 07, 2014, 08:36:36 PM
 #13632

Can anyone (preferable bumface) explain to me why this Flowertech Scrypt-N Miner isn't capable of mining UTC?
I need some tech facts / good background information about it, because I want to contact coindesk and ask them to write an article about the future of GPU mining..
scrypt chacha is not scrypt or scrypt n-factor
Marnie1976
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May 07, 2014, 08:36:40 PM
 #13633

ZeusMiner will begin shipping out its first 500 Scrypt-Asics on May, 20th.
http://zeusminer.com/2014/05/07/progress-update-20140507/

Maybe there's already the reason for UTC's existance. Now we need to convince all GPU miners to switch to us.. Wink

could we make that #1 priory for the community to do. Tell the miners to move to UTC. Where are the best places to do this? Could we buy ad space on coinwarz etc etc or chat in mining forums? I will do my best to help. These miners looking at migrating are essential for UTC to rise into coinmarketcap top 10


https://www.flowertechnology.com/wp-content/uploads/2014/04/Accouncement-29_04_14.pdf


Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scrypt
mining community. The Flower Technology ASIC is now capable of mining Scrypt-N, up to N=16384
in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded mining
options and increased versatility. Examples of Scrypt-based coins you can mine with our machines
includes
Litecoin, Dogecoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine
with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA




NOT ultracoin  Grin

Just heard on cryptsy chat...

"Musaszi375
Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scryptmining community. The Flower Technology ASIC is now capable of mining Scrypt-N, up to N=16384in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded miningoptions and increased versatility. Examples of Scrypt-based coins you can mine with our machinesincludes Litecoin, Dogecoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA, NOT ultracoin"

Awesomeness all over it!!
If only coinbase would transfer my money now, I'd be buying more!!!
This coin rock!!!

Please help ! (YES Noob question)

If I want to promote UTC about this to other people, about why this is so good news for UTC .... then what is the best I can tell them in three lines Huh

 
primouno
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May 07, 2014, 08:43:00 PM
 #13634

Why is this good news? No miner will mine coin that is not profitable. More miners -> more coins, more coins -> bigger supply. Who will buy all this coins when there's no demand at all? Maybe that's stupid but that is how I understand all this.

UTC address: UMzy2N8oTFmcQ2bfZoqLnmXsWzvfA8miRy
http://ultracoin.net/    -- Ultracoin Website        http://ultracointalk.org/  -- UltracoinTalk Forum
bumface (OP)
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May 07, 2014, 09:09:26 PM
 #13635

Can anyone (preferable bumface) explain to me why this Flowertech Scrypt-N Miner isn't capable of mining UTC?
I need some tech facts / good background information about it, because I want to contact coindesk and ask them to write an article about the future of GPU mining..

the short answer is : the memory requirement is to high.

Ultracoin and X11 are amongst the few coins that are asic resistant.many miners will have to stop mining LTC and other popular scrypt coins soon, we will catch the fallout hopefully

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May 07, 2014, 09:09:59 PM
 #13636

That's funny.
Again, I decided to join the production UTC.
Went to the pool and looked at data on complexity

Current Difficulty 0.47212016
Est. Next Difficulty 0.39065575 (Change in 27 Blocks)

Including its 370kN / s and immediately saw the change on

Current Difficulty 0.47212016
Est. Next Difficulty 0.47066675 (Change in 27 Blocks)


Do my 370kN / s so will affect the future complexity?.

"Coздaть ceнcopнyю ceть гopoдa - этo нe дopoгo, нe cлoжнo и пo cooтнoшeнию зaтpaты / эффeкт для гopoдa - нeoцeнимo! He нyжнo ждaть пoкa кopпopaции и гocyдapcтвa cдeлaют тaкиe ceнcopныe ceти и бyдyт иx oбcлyживaть - этo бyдeт дopoгo и бyдeт coбиpaть бoльшe дaнныx o нac c вaми, чeм мы бы этoгo xoтeли!" (c)Aira.life
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May 07, 2014, 09:11:22 PM
 #13637

Can anyone (preferable bumface) explain to me why this Flowertech Scrypt-N Miner isn't capable of mining UTC?
I need some tech facts / good background information about it, because I want to contact coindesk and ask them to write an article about the future of GPU mining..

the short answer is : the memory requirement is to high.

okay, thanks!

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May 07, 2014, 09:16:19 PM
 #13638

the short answer is : the memory requirement is to high.

Ultracoin and X11 are amongst the few coins that are asic resistant.many miners will have to stop mining LTC and other popular scrypt coins soon, we will catch the fallout hopefully

Judging by the fact that all popular algorithms sooner or later produced ASIC to release them under the script chacha matter of time.

"Coздaть ceнcopнyю ceть гopoдa - этo нe дopoгo, нe cлoжнo и пo cooтнoшeнию зaтpaты / эффeкт для гopoдa - нeoцeнимo! He нyжнo ждaть пoкa кopпopaции и гocyдapcтвa cдeлaют тaкиe ceнcopныe ceти и бyдyт иx oбcлyживaть - этo бyдeт дopoгo и бyдeт coбиpaть бoльшe дaнныx o нac c вaми, чeм мы бы этoгo xoтeли!" (c)Aira.life
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May 07, 2014, 09:22:34 PM
 #13639

the short answer is : the memory requirement is to high.

Ultracoin and X11 are amongst the few coins that are asic resistant.many miners will have to stop mining LTC and other popular scrypt coins soon, we will catch the fallout hopefully

Judging by the fact that all popular algorithms sooner or later produced ASIC to release them under the script chacha matter of time.


But utc and yac, amongst others keep changing the n factor, neutralizing ASICs built to mine lower n factors, faster than they can adapt, profitably.
That's why you don't slow down n factor changes.
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May 07, 2014, 09:43:08 PM
 #13640

the short answer is : the memory requirement is to high.

Ultracoin and X11 are amongst the few coins that are asic resistant.many miners will have to stop mining LTC and other popular scrypt coins soon, we will catch the fallout hopefully

Judging by the fact that all popular algorithms sooner or later produced ASIC to release them under the script chacha matter of time.


there are not enough chacha coins to justify a 10 million dollar asic developement investment, we will just have to make Ultracoin 100 dollar to justify it Cheesy

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