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

[bumface]

Mining at 3 pools with the GPU miner from the first page, but getting nothing.

Is anyone in the same situation?

it takes a while to see the unconfirmed coins in the pool balance, some are faster with this then others, im now testing pool number 4

[1714941012]

1714941012

[1714941012]

1714941012

[1714941012]

1714941012

[herbitcoins]

Mining at 3 pools with the GPU miner from the first page, but getting nothing.

Is anyone in the same situation?

Nothing, you mean ?

Do you receive share ?

If you see a lot of "HW" or "GPU errors" and no 'ACCEPTED SHARE", you are mining but all is invalid.

Try to lower intensity , 13 max.
Try to lower your threads-concurrency to 8000 / 8192

[vizique]

Tried mining with 3x 290s. All of them have their memclock locked at 150 mhz which gives me like 14khs each. I'm unable to change this using either the miner or afterburner. Anyone else having the same issue?

Are you deleting the .bin file in the ultracoin-miner folder once you've changed the settings in the cgminer.conf file (also in that folder)?

Thanks for the reply! Yes I've been deleting the bin file. Also I'm not using a cgminer.conf file, just adding settings to the command line. The most surprising thing really is that even afterburner doesn't seem to be able to change the gpu settings while it is running.

Once Id got cgminer to start I made it write a config file (which it drops in the ultracoin-miner folder) and edited that. Not sure if thats any use to you?

[KingCole]

I thought it might be useful to add my experience of mining UTC so people new to the thread can make up their own opinion

Disclosure
To start I am not a stakeholder, developer or have any links to UTC. I just decided to mine a new coin on top of those I've done in the past (LTC, MEC, WDC, FST, DOGE & BTC) I also have investments in MEOW, NXT and a sharehold of Crypto-trade

I started following the thread seriously on Thursday when the pre-registration was originally planned for announcement. Unfortunately this pre-registration came and went but Bumface updated the thread to inform followers.

Some confusion occurred on Saturday, 1st February due to the timezone that the coin was to be launched. Again Bumface setup a new site and confimed release time of 07:00PM GMT. During the day updates came and went from Bumface about problems continuing with the launch of an official pool. The miner software was made availabe around about midday, I have a download timestamp of 12:29PM (so well before launch time)

Before launch, 07:00PM GMT, Bumface made an announcement that it was unlikely the official pool would be available at launch but the Wallet would be available as reported and miners could go solo until pools became available.

I'm not sure exactly when Bumface made the announcement in the thread but it was around 07:00PM GMT, I refreshed the official site and followed the link to Wallets http://www.ultracoin.net/wallet.html Windows was available and I'm pretty sure so where clients for Mac, Linux and the source on Github. The Windows wallet downloaded from mega.co.nz I downloaded and have a timestamp of 07:06PM for the file.

Now I've never solo mined before and information was a bit hard to come by, especially considering this is Scrypt-Jane rather than Scrypt which is much more common for alt-coins. I did manage to figure out from posts in the thread the rpc conf settings for the wallet and the miner. I started to solo mine around 19:30 to 20:00. I was getting what I thought were "errors" but on reading the web were not and common when solo mining. I learnt, but should have found out earlier, how to solo mine for the first time. Solo-mining is all or nothing you find a block or you don't find a block so no accepts or rejects like you would get with a pool (something else I learnt). Even if you find a block it could still be orphaned which again is greater risk when solo mining because you could find a block just after someone else but before the network can confirm.

Soon after launching the wallet a couple of pools kept appearing, but also some "false" pool URLs were being posted. I signed up to utc.pool.pm and started pool mining successfully, it then crashed after a few minutes. The owner was posting in the thread so we knew what was going on. Shortly later another pool claimed stability, ultra.nitro.org so I signed up and mined with them. I'm guessing that was about 10:00PM, I then mined all night long although noted the hash rate was around 540 as opposed to scrypt mining on the same rig of about 570.

This morning it appeared lots had signed up to nitro.org and I'm accumulated 100 coins and received a pay-out to my wallet. The forums continued to indicate other pools becoming available and the owner of ultra.Leetpools.com was giving lots of helpful miner config info so I decided to sign-up and join this smaller pool as it seemed more friendly. I've now mined a further 50 UTC on ultra.leetpools.com with a four HIS 7970 card rig which is achieveing a stable hash of 540 per card or around 2,100 in total.

Observations

• The launch didn't go quite as smoothly as expected but this was mainly due to the official pool not becoming available
• Information provided by Bumface was accurate, timely and honest
• Every alt-coin has its committed followers and those who want to kill it
• The language some people were using on the threads was intolerable and unacceptable, I thought more of the crypto-community
• Lots of people were lazy and obviously hadn't read the first page of the thread or any subsequent posts as the same questions were being asked over and over again on the thread
• Some posters were posting mis-information (some genuine mistakes, some deliberate) and some "pools" were scams
• Ultracoin was pre-mined, it states this on page one, it had an IPO for a number of stakeholders, it states this on page one. The IPO appears to have been oversubcribed and many people missed out
• No-one knows for sure if the coin will make any money on 7th February, the 8th Feb. the summer, next year or ever. That is why all crypto's are high risk. But with high risk you also get high return if it proves to be successful

I hope this maybe useful as a balanced observation of my own experience and help others to make up their own minds about this coin

KC

[BitcoinForumator]

Mining at 3 pools with the GPU miner from the first page, but getting nothing.

Is anyone in the same situation?

Nothing, you mean ?

Do you receive share ?

If you see a lot of "HW" or "GPU errors" and no 'ACCEPTED SHARE", you are mining but all is invalid.

Try to lower intensity , 13 max.
Try to lower your threads-concurrency to 8000 / 8192

http://postimg.org/image/mqysnwx8z/

Doing something wrong here?

With nothing I meant getting nothing at pools:

Confirmed   0.000000
Unconfirmed   0.000000

[xtc_112]

GUYS ALL OF US HERE WHEN WE HAVE ULTRA DO NOT SELL CHEAP. MAKE MONEY DEMAND WILL BE HIGH

[drumamat]

You could check for yourself now.

Try running just 3 cards and use task manager to see how much RAM is being used.

LOL thanks !!! I'm not a windows user, didn't even think of that !

Well it seems that I'm using only 1,4/1.6 gb of memory.... So not a ram problem.

Btw, it's a 100% dedicated to mining machine, bought, mounted and used only for mining.

I'm surprised it's using so little memory.

I guess you could check both your RAM sticks make sure that they both work ok on there own. Not sure after that, maybe check back further in the thread. I seem to remember someone saying they could only get 4 cards out of 5 working I may be getting confused with another thread though.

I pm you

[Chrisvallee]

GUYS ALL OF US HERE WHEN WE HAVE ULTRA DO NOT SELL CHEAP. MAKE MONEY DEMAND WILL BE HIGH

I think $0.80 - $1.00 is very reasonable at this point

[xtc_112]

yeh more on the $3 dollar side but maybe even more. i see a lot of interest in this coin.. btc-e the biggest trade platform in the west is raving on about it.. good times

[Equate]

Selling 520 UTC at good price

[keepwalking1234]

WTB utc 10K=1btc

PM me if you interest

i will send btc first！

always online

[Chrisvallee]

WTB utc 10K=1btc

PM me if you interest

i will send btc first！

always online

From reading the posts , it looks like 1000 UTC = 1 BTC , I think your a little hopeful..

[darthburnstuff]

I've mined MRC, RAD & QQC, all of which are scrypt-jane coins and was getting around 3.5Mhs on a R9 280X at launch.  After the N factor went up (between 4-6 weeks), I was getting the same speeds I am getting with Ultracoin.  So what was done differently with this coin where it started out at a very low hash rate?  I was messing with the StarT setting and was getting much higher hash rates but all rejects.  

[bumface]

I thought it might be useful to add my experience of mining UTC so people new to the thread can make up their own opinion

Disclosure
To start I am not a stakeholder, developer or have any links to UTC. I just decided to mine a new coin on top of those I've done in the past (LTC, MEC, WDC, FST, DOGE & BTC) I also have investments in MEOW, NXT and a sharehold of Crypto-trade

I started following the thread seriously on Thursday when the pre-registration was originally planned for announcement. Unfortunately this pre-registration came and went but Bumface updated the thread to inform followers.

Some confusion occurred on Saturday, 1st February due to the timezone that the coin was to be launched. Again Bumface setup a new site and confimed release time of 07:00PM GMT. During the day updates came and went from Bumface about problems continuing with the launch of an official pool. The miner software was made availabe around about midday, I have a download timestamp of 12:29PM (so well before launch time)

Before launch, 07:00PM GMT, Bumface made an announcement that it was unlikely the official pool would be available at launch but the Wallet would be available as reported and miners could go solo until pools became available.

I'm not sure exactly when Bumface made the announcement in the thread but it was around 07:00PM GMT, I refreshed the official site and followed the link to Wallets http://www.ultracoin.net/wallet.html Windows was available and I'm pretty sure so where clients for Mac, Linux and the source on Github. The Windows wallet downloaded from mega.co.nz I downloaded and have a timestamp of 07:06PM for the file.

Now I've never solo mined before and information was a bit hard to come by, especially considering this is Scrypt-Jane rather than Scrypt which is much more common for alt-coins. I did manage to figure out from posts in the thread the rpc conf settings for the wallet and the miner. I started to solo mine around 19:30 to 20:00. I was getting what I thought were "errors" but on reading the web were not and common when solo mining. I learnt, but should have found out earlier, how to solo mine for the first time. Solo-mining is all or nothing you find a block or you don't find a block so no accepts or rejects like you would get with a pool (something else I learnt). Even if you find a block it could still be orphaned which again is greater risk when solo mining because you could find a block just after someone else but before the network can confirm.

Soon after launching the wallet a couple of pools kept appearing, but also some "false" pool URLs were being posted. I signed up to utc.pool.pm and started pool mining successfully, it then crashed after a few minutes. The owner was posting in the thread so we knew what was going on. Shortly later another pool claimed stability, ultra.nitro.org so I signed up and mined with them. I'm guessing that was about 10:00PM, I then mined all night long although noted the hash rate was around 540 as opposed to scrypt mining on the same rig of about 570.

This morning it appeared lots had signed up to nitro.org and I'm accumulated 100 coins and received a pay-out to my wallet. The forums continued to indicate other pools becoming available and the owner of ultra.Leetpools.com was giving lots of helpful miner config info so I decided to sign-up and join this smaller pool as it seemed more friendly. I've now mined a further 50 UTC on ultra.leetpools.com with a four HIS 7970 card rig which is achieveing a stable hash of 540 per card or around 2,100 in total.

Observations

• The launch didn't go quite as smoothly as expected but this was mainly due to the official pool not becoming available
• Information provided by Bumface was accurate, timely and honest
• Every alt-coin has its committed followers and those who want to kill it
• The language some people were using on the threads was intolerable and unacceptable, I thought more of the crypto-community
• Lots of people were lazy and obviously hadn't read the first page of the thread or any subsequent posts as the same questions were being asked over and over again on the thread
• Some posters were posting mis-information (some genuine mistakes, some deliberate) and some "pools" were scams
• Ultracoin was pre-mined, it states this on page one, it had an IPO for a number of stakeholders, it states this on page one. The IPO appears to have been oversubcribed and many people missed out
• No-one knows for sure if the coin will make any money on 7th February, the 8th Feb. the summer, next year or ever. That is why all crypto's are high risk. But with high risk you also get high return if it proves to be successful

I hope this maybe useful as a balanced observation of my own experience and help others to make up their own minds about this coin

KC

thank you for this very welcome counterpart to al the fud. Made with adult argumentation and supported by evidence

[lovebit]

I'm a stakeholder, not a miner - i just want a wallet that works.  The windows wallet works but I haven't been able to get the linux (ubuntu 13.10 on a new laptop) wallet to work.  Both BTC and LTC qt work ok, but not the UTC qt - anyone have a working linux wallet (not a miner) -

thanks

[keepwalking1234]

WTB utc 10K=1.5 btc

PM me if you interest

i will send btc first！

always online

[keepwalking1234]

WTB utc 10K=1btc

PM me if you interest

i will send btc first！

always online

[Chrisvallee]

WTB utc 10K=1btc

PM me if you interest

i will send btc first！

always online

You keep posting this, which means nobody is selling to you at that price..

[colinfx]

It seems the launch was real stressful, I tried for hours to get things working.

Doesn't help that I use a Mac and there is no Mac wallet!

Managed to install Linux wallet and solo mined (got nothing) then when pools came up now pool mining and getting results, around 35 coins per hour.

So, now the dust is settling... When will there be a Mac wallet please? Surely these things are not that difficult to compile?

Cfx.

[xtc_112]

the going rate will be approx 100UTC for 0.1 BTC stakeholders will not sell cheap, so people should stop coming with these weak bids of 10k for 1btc lol what planet are these people on