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

[azerbaidjan]

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

(lets hope that will solve the problem)

+1  Thanks Stuhlman

Yeah, but it could be that stuhlman has to raise fees again all the way up to 5% in the near future if no effect found.

[NewSapUser]

How?:

Pool Hashrate 698.05MH
Net Hashrate  682.91MH

(stats on nitro)

[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

TC Higher than 10240 gives me error 61 on miner. already tried tweaking work size, thread gap still no success

any ideas?

anyone?

[KingCole]

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.

Both Nitro and Leet have been very, very supportive to UTC. Once again some elements of the community are showing just how fickle they can be and blaming everyone else rather than coming up with constructive ideas. Nitro and Stuhl are a business and they can't just annoy all their customers because the UTC community have a problem, they have other pools and coins to consider as part of the business. They have provided a stick to detract miners. Now we in the community and the other pool owners need to come with a way of attracting these miners away from Nitro.

A suggestion could the community and pool owners offer an amount of UTC to move from Nitro to one of the other pools, maybe Stuhl would be willing to donate UTC from the increased fees to this campaign?

KC

[Halofire]

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

We need to regulate ourselves before the governments get involved, like how USA is with exchanges. Decentralized regulation, a public democracy, without any person being paid for any type of municipal or "BTC self-government" type services IF we ever do need people as focal point representing crypto. Like in New Hampshire, politicians only get $100 salary.

This is why coins like ETH are so important, so that exchanges can run without ever having to deposit any cryptos into them, your wallet could have a "holding for transactions" account in it that you can move your crypto to, again still in your wallet. You could then designate the crypto to a certain exchange, which the wallet sends a message to the exchange that the crypto is available. At that point you cannot move your crypto back into the main part of the wallet unless the exchange releases it, sending a message to your wallet saying the coins are no longer held for the exchange and would be automatically moved back. The exchange would have an "available balance" of your designated crypto. you can trade all day long with it, and when you trade, the exchange either has 2 options: 1. they can withdraw the money for the trade into the exchange at the time of the trade, or 2. they can withdraw and route the crypto for the trade directly to the person on the other side of the trade. Exchange could take its fees the same way. Trading wouldn't be as fast since you'd have to wait for funds transfer time, but with coins like UTC that have married with ETH, an exchange essentially becomes hackproof for outright stealing of coins.

This is why I see a future that I don't think anyone sees yet with ETH or its successor coins. Now combine that with the speed of UTC.....

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.

Both Nitro and Leet have been very, very supportive to UTC. Once again some elements of the community are showing just how fickle they can be and blaming everyone else rather than coming up with constructive ideas. Nitro and Stuhl are a business and they can't just annoy all their customers because the UTC community have a problem, they have other pools and coins to consider as part of the business. They have provided a stick to detract miners. Now we in the community and the other pool owners need to come with a way of attracting these miners away from Nitro.

A suggestion could the community and pool owners offer an amount of UTC to move from Nitro to one of the other pools, maybe Stuhl would be willing to donate UTC from the increased fees to this campaign?

KC

If they don't do anything and continue to look at their pool as a business versus the well-being of the coin at the time of the problem, then its like a a business that creates a product but dumps it's waste into the river out back and creates it's own cancer. The business creating or in possession of the problem is being called upon to remedy it for the good of the community which nitro is a big part of, so it will help itself too. Obviously the miners aren't giving a damn. Doesn't matter if they check this forum or not, smart miners all get their stats from websites like coinmarketcap or coinwarz and are aware of the total network hashrate compared to their pools hashrate. Honestly, put yourself in these shoes: from a greedy son of a guns standpoint with no foresight, they'd think they'd be dumb to move, they won't cut their nose off in spite their face. They're thinking money money money, not more money more money more money a week, month, years from now.

[Shizof]

The best solution to this problem is already posted by dwolfx.

Opening of a ultra2.nitro.org would solve this problem very quickly.

[Halofire]

The best solution to this problem is already posted by dwolfx.

Opening of a ultra2.nitro.org would solve this problem very quickly.

Agreed.

Another thought: Could this Nitro problem is part of the reason why everyone is blaming leet for stealing "50%" of their minings because of the orphan rate combined with natural fluctuations in hashrate and luck of pool finding blocks? If so, it's giving leet a bad name and the other pools that are "stealing minings".

So Nitro 2 again is perfect solution, but unless you can get "stuck" miners to move and keep registration closed for main site until hashes are spread better, its just like opening up yet another mining pool and problem still exists. I reallllly hope Nitro 2 works. 90% of my mining UTC has been with leet, but i signed up for nitro to compare cuz i was curious why I was getting less coins than leet predicted and I noticed the amount of orphans on leet. I left nitro when I found 2 blocks in 2 days on 170kh (half my rig) and got paid 100% for them. I knew that couldn't possibly be good for the community so I switched back 100% to leet.

[mirny]

Make some p2pool someone, if you want to spread the hashrate!

[laterbreh]

The best solution to this problem is already posted by dwolfx.

Opening of a ultra2.nitro.org would solve this problem very quickly.

Being a pool op myself. Here is my assessment of running an ultra2 at nitro. Is it easy for them to set-up a second stratum? Yes. Can they redeploy a second MPOS instance to run with that second stratum? Yes.

Thats fine and great, BUT (Not that I'm opposed to the idea but we need to be realistic, a second pool for nitro is a great idea... BUT) That would require the miners to change the port/address in their miners... which brings us back to the original issue: WE HAVE PLENTY OF POOLS. Even if Nitro was to go through the trouble of setting up a second pool, his users would have to register and change their shit anyway... SO wouldn't it just make more sense if they would go through the trouble anyway of editing their .bat for nitro2... why not just go to another pool?

...wait my spidey senses are tingling....

"BUT WHAT IF THE POOL OPS USE THEIR MAGIC SKILLS AND JUST TUNNEL EVERYONE OVER TO NITRO2?"

Well they could make it a shared stratum... but then the blocks found on one, would be the same on the other. SO WE ARE BACK TO SQUARE ONE.

[mattbigblue]

would love to mine on p2p

[bumface]

Announcement: we have a new service!

http://www.ultracoinlottery.com/

First 4 draws are free to play!

^_^

[CryptoCthulhu]

I'm mining @ http://utc.greekpool.eu and I suggest it to at least to all miners from europe. Got very few rejects and it is doing just fine.

[bumface]

Bitcoin Checker app for Android now has UTC support. It has an awesome widget and notification system for monitoring Ultracoin across MintPal/Cryptsy/CT as well as any other coins.

[Halofire]

The best solution to this problem is already posted by dwolfx.

Opening of a ultra2.nitro.org would solve this problem very quickly.

Being a pool op myself. Here is my assessment of running an ultra2 at nitro. Is it easy for them to set-up a second stratum? Yes. Can they redeploy a second MPOS instance to run with that second stratum? Yes.

Thats fine and great, BUT (Not that I'm opposed to the idea but we need to be realistic, a second pool for nitro is a great idea... BUT) That would require the miners to change the port/address in their miners... which brings us back to the original issue: WE HAVE PLENTY OF POOLS. Even if Nitro was to go through the trouble of setting up a second pool, his users would have to register and change their shit anyway... SO wouldn't it just make more sense if they would go through the trouble anyway of editing their .bat for nitro2... why not just go to another pool?

...wait my spidey senses are tingling....

"BUT WHAT IF THE POOL OPS USE THEIR MAGIC SKILLS AND JUST TUNNEL EVERYONE OVER TO NITRO2?"

Well they could make it a shared stratum... but then the blocks found on one, would be the same on the other. SO WE ARE BACK TO SQUARE ONE.

nitro needs second pool to keep its customers, errr miners. so unless nitro up's the fee slightly while they employ the second pool, no one's gonna move. nitro doesnt want to lose too many people from nitro 1 as the miners move pools, so they would have to monitor hashrates closely to draw the line when they should stop. if nitro handles this correctly, informing the miners what they plan to do couple days before they carry out their plans if raising fees, they won't lose that many miners.

[derBruchpilotPro]

The best solution to this problem is already posted by dwolfx.

Opening of a ultra2.nitro.org would solve this problem very quickly.

Being a pool op myself. Here is my assessment of running an ultra2 at nitro. Is it easy for them to set-up a second stratum? Yes. Can they redeploy a second MPOS instance to run with that second stratum? Yes.

Thats fine and great, BUT (Not that I'm opposed to the idea but we need to be realistic, a second pool for nitro is a great idea... BUT) That would require the miners to change the port/address in their miners... which brings us back to the original issue: WE HAVE PLENTY OF POOLS. Even if Nitro was to go through the trouble of setting up a second pool, his users would have to register and change their shit anyway... SO wouldn't it just make more sense if they would go through the trouble anyway of editing their .bat for nitro2... why not just go to another pool?

...wait my spidey senses are tingling....

"BUT WHAT IF THE POOL OPS USE THEIR MAGIC SKILLS AND JUST TUNNEL EVERYONE OVER TO NITRO2?"

Well they could make it a shared stratum... but then the blocks found on one, would be the same on the other. SO WE ARE BACK TO SQUARE ONE.

Yep, I see the same problem.

Nitro would have to use one database, but 2 stratum+ wallets.

Haven't seen thats possible out of the box with MPOS.


But Load-balancing between the 2 stratum would be easy then with DNS Round Robin.

[djbully]

Another vote for Greekpool.eu here. I switched from nitro to them and they are fine for me.

Had problems with leetpools like others, payout rate is slower than expected due to orphans.

I even got one of those phantom blocks where I got all 50 block reward

Spread the love

Spread the HASH!

[bumface]

android app: cryptocurrency converter  Supports UTC!!

[bumface]

android app: Bitcoin Profit supports UTC!

[mattbigblue]

worker is temporarily banned  on greekpool 

[Navyman47]

worker is temporarily banned  on greekpool 

Might have something to do with your signature line.