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

[noobyonekenobi]

Stuhlman: This is not a personal attack on nitro, in fact, its becasue the service at nitro is so good that people like it, thats how it became the largest pool....

But to have all the hashpower centralised is not in UTC`s best interrest,that is why we are asking people to devide power over all the pools....

It has happened before that nitro was ddos and the market was flooded with coins, killing price.The effects of this are harmfull to UTC.

You say you have spend UTC on the developements which you have not been compensated for, however this is the first time i hear about it..
I hope you are not taking this personally since we are very gratefull for your involvement since day 1,Your service has been very helpfull.

having said that, i think promoting another coin here is slightly inapropriate

No not at All I do agree the hashrate is excessive on Nitro otherwise we would not close signups and raise fees. I do not take anything personal on these  forums, and I am happy to be part of this community. I did not spend any UTC on developing Ultracoin, I think you misread that part. But you were aware of me spending 13k UTC at one point. As far as promoting another coin, I am sorry if that came out it was inappropriate, I will edit my post and remove that. but it's my nature to promote good things case and point UTC.

   As far as some of the concerns I am with you on some, is it dangerous and damaging no, is it our fault no. Can we resort to the extreme measures some here are suggesting!!! Absolutely not. We took the initiative many times, and Bumface himself can confirm that I asked him to take Nitro off the pool list till the hashrate drops, and he did. We closed signups many times, and we never said no to helping another pool. We have 4000 registered miners on Nitro ultra pool who might decide to come back and mine UTC any time they choose to.  More than 50% of our miners do not even read this board,  should we start raising fees to unacceptable levels, we would simply ruin our reputation. How would you like it if you went to sleep paying 2% pool fee and wake up to a 4% fee?

Can you balance the load by making a "nitro 2"? and proxy half your miners to that pool? it would probably help with orphans on other pools.

The primary problem is , pools are all stepping on eachothers toes and nitro is "re-completing" work that was already done and throwing completed work out, simply spreading out and taking up different assignments should solve it all.

You could do a promo 0% for 2 days for using new nitro 2.
This accomplishes all tasks at hand
-Keeps Nitros reputation in good standing
-Balances Hash across more pools, just make it so the new pool doesnt have any sign ups and you can log in with existing nitro1 accounts only for a period
-clears up orphans
-Helps network grow in a more health way

+1 to this. New utc server for nitro

i don't know if that's easy or not cause i dont have any idea how to run a pool XD

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[Halofire]

Stuhlman/Nitro says he's pro-UTC, but if that were the case, he wouldn't allow his pool to get more than 51%. Fail-safes could be in place. He is well aware of the dangers but yet he keeps over 70% of the hashrate... You are robbing everyone who isn't on Nitro, you aren't "robbing the miners" (your words) at your pool if you jack up the fee, they have free will to move pools, just like they have free will to stay at nitro. Announce you are going to jack up the fee. I think 3-4% fee is fine, 15% is ridiculous. But by leaving things the way they are, this means you have no problem with collecting 2% at 70% hashrate. Shame for not taking action sooner and just telling everyone to switch pools. Greed. Plain and simple.

Can we stop this finger pointing exercice? Completely useless.

Stuhlman rose the fees because he so chose. People who disagree are free to leave to other pools.
Moreover, given his involvement and quality of service I do believe his pool deserves the 2-2.2kUTC/d he's making on fees.
After all, didn't he say he made some expenses that were not refunded by anyone? -I do not hink this is unfair.

And I believe he should raise fee to a plain 5% with a word of explanation that says this is meant to encourage people moving on to other pools. If miners do not understand I encourage him to raise it to a more serious 10% after a while, and there we will see some redistribution.

Raising fees is the only thing miners will understand as an incentive to switch pools. But this has to be done progressively and people should be warned well in advance so as to avoid panic.

finger pointing excercise? lol.... the truth isn't biased nor points fingers. besides you agreed 100% with what I said. You must be mining at nitro since you aren't bitching about orphans like what I'm getting at leet. Soooooooooo many orphans.....

[thaitunhi1606]

I 'll move my 5Mb/s hashrate from Nitro to Letpools.  hehe

[cryptoba]

Hello,

Could somebody invite me on the nitro ultracoin pool ?

Thanks

[Halofire]

Stuhlman/Nitro says he's pro-UTC, but if that were the case, he wouldn't allow his pool to get more than 51%. Fail-safes could be in place. He is well aware of the dangers but yet he keeps over 70% of the hashrate... You are robbing everyone who isn't on Nitro, you aren't "robbing the miners" (your words) at your pool if you jack up the fee, they have free will to move pools, just like they have free will to stay at nitro. Announce you are going to jack up the fee. I think 3-4% fee is fine, 15% is ridiculous. But by leaving things the way they are, this means you have no problem with collecting 2% at 70% hashrate. Shame for not taking action sooner and just telling everyone to switch pools. Greed. Plain and simple.

Halofire, you should not blame anyone here for making profit, we all here about profit.
AND Stuhlman has done many things for the community, I've no problem when he makes profit with that.

you are correct, we are all about making profit, but not at the expense of robbing others. Even though we sell high and buy low, which in a sense is 'robbing the willing', but Nitro is downright stealing from those not mining at nitro....

[laterbreh]

As I said in one of my previous posts, the team at Nitro has been supportive in helping UTC and the other pools. I will openly say that Biodragon and Stuhl have helped me on multiple occasions, and they are a great asset to have behind any coin that they support.

That being said, I also stated that they are in an awkward position in my previous posts, and I am hoping that we can find a way to spread this out. Nitro is a successful pool, and we should not punish them for being successful, but given the situation with UTC, they are in a awkward position, and we need to come to some sort of a solution that does not hurt anyone's reputation, or step on anyone's toes.

[Halofire]

Hello,

Could somebody invite me on the nitro ultracoin pool ?

Thanks

please try to find another pool, Nitro has more than 51% of the network hashrate. leet pool and greek pool are good substitutes.

[CremeFraiche]

Hello,

Could somebody invite me on the nitro ultracoin pool ?

Thanks

...this is the problem. (two posts above)

[Halofire]

As I said in one of my previous posts, the team at Nitro has been supportive in helping UTC and the other pools. I will openly say that Biodragon and Stuhl have helped me on multiple occasions, and they are a great asset to have behind any coin that they support.

That being said, I also stated that they are in an awkward position in my previous posts, and I am hoping that we can find a way to spread this out. Nitro is a successful pool, and we should not punish them for being successful, but given the situation with UTC, they are in a awkward position, and we need to come to some sort of a solution that does not hurt anyone's reputation, or step on anyone's toes.

+1000

Someone is going to get toes stepped on no matter what agreement, unless Nitro splits itself like how real life companies do when they grow too big.

edit: Right now its the miners of other pools getting stepped on, apparently nitro is ok with that.

[bumface]

As I said in one of my previous posts, the team at Nitro has been supportive in helping UTC and the other pools. I will openly say that Biodragon and Stuhl have helped me on multiple occasions, and they are a great asset to have behind any coin that they support.

That being said, I also stated that they are in an awkward position in my previous posts, and I am hoping that we can find a way to spread this out. Nitro is a successful pool, and we should not punish them for being successful, but given the situation with UTC, they are in a awkward position, and we need to come to some sort of a solution that does not hurt anyone's reputation, or step on anyone's toes.

that is correct.i think this nitro 2 idea is not bad at all

[junkun13]

Help!

I upgraded my OS to windows 8.1 x64 from windows 8.1 32 bit now my old settings doesn't work

I 12 TC 16384 gap 3 w 256 g 2

4x powercolor 280x turboduo, RAM is 4GB

any ideas?

[Halofire]

yep nitro 2 is perfect, as long its totally seperate, not connected by nodes? not 100% surehow that works.

[sakr]

Yes as a pool owner, I ask for fair competition law to be passed  

[laterbreh]

Help!

I upgraded my OS to windows 8.1 x64 from windows 8.1 32 bit now my old settings doesn't work

I 12 TC 16384 gap 3 w 256 g 2

4x powercolor 280x turboduo, RAM is 4GB

any ideas?

Try:

setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
cgminer.exe --scrypt-jane -u user.1 -p x -o stratum+tcp://ultra.leetpools.com:3333 --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 16384 -I 12 -w 512 -g 2 --queue 0 --no-submit-stale --scan-time 1 --lookup-gap 3

[junkun13]

TC Higher than 10240 is giving me error 61, mining won't even start 

[NewSapUser]

Hi gays
The pool http://utcpool.com/ doesn't allow me to withdraw my coins
support don't answer
maybe anybody knows what to do in this situation?

[noobyonekenobi]

3% fee on Utc.Nitro.org time to shift to other pool guys!

(lets hope that will solve the problem)

[sakr]

We invite people leaving nitro to join us at: http://thepool.pw/ultracoin/

50% of pool fees will be paid back to help community ongoing or new projects on a weekly basis.

[laterbreh]

Stuhlman/Nitro says he's pro-UTC, but if that were the case, he wouldn't allow his pool to get more than 51%. Fail-safes could be in place. He is well aware of the dangers but yet he keeps over 70% of the hashrate... You are robbing everyone who isn't on Nitro, you aren't "robbing the miners" (your words) at your pool if you jack up the fee, they have free will to move pools, just like they have free will to stay at nitro. Announce you are going to jack up the fee. I think 3-4% fee is fine, 15% is ridiculous. But by leaving things the way they are, this means you have no problem with collecting 2% at 70% hashrate. Shame for not taking action sooner and just telling everyone to switch pools. Greed. Plain and simple.

Can we stop this finger pointing exercice? Completely useless.

Stuhlman rose the fees because he so chose. People who disagree are free to leave to other pools.
Moreover, given his involvement and quality of service I do believe his pool deserves the 2-2.2kUTC/d he's making on fees.
After all, didn't he say he made some expenses that were not refunded by anyone? -I do not hink this is unfair.

And I believe he should raise fee to a plain 5% with a word of explanation that says this is meant to encourage people moving on to other pools. If miners do not understand I encourage him to raise it to a more serious 10% after a while, and there we will see some redistribution.

Raising fees is the only thing miners will understand as an incentive to switch pools. But this has to be done progressively and people should be warned well in advance so as to avoid panic.

finger pointing excercise? lol.... the truth isn't biased nor points fingers. besides you agreed 100% with what I said. You must be mining at nitro since you aren't bitching about orphans like what I'm getting at leet. Soooooooooo many orphans.....

What else can a pool owner do? Calling them greedy is kinda bullshit.

[Navyman47]

3% fee on Utc.Nitro.org time to shift to other pool guys!

(lets hope that will solve the problem)

+1  Thanks Stuhlman