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

[Rabbit80]

So here is the thing!! we have a mining farm of 40 rigs.

Where mining now on leetpools, nitro is closed to registration.
Where can i go? someone have a good pool

Leetpools, Greekpool, utc.pool.pm - there's plenty of them to choose from. The orphaned blocks problem affects all except Nitro, just accept it, move your rigs to the smaller pools and be a part of the solution.

[novymivo]

So here is the thing!! we have a mining farm of 40 rigs.

Where mining now on leetpools, nitro is closed to registration.
Where can i go? someone have a good pool

https://utc.pool.pm

[azerbaidjan]

In the case of a normal distribution you have to take into account the systematic error that amounts to 1/sqrt(n), n being the number of measures. Note that unless proven otherwise this is always a perfectly valid asumption. And this case definitely fits the conditions.

In your case this equals 1/sqrt(15) = 26%

So you measure gives 6/15 +/- 1/sqrt(15) = 40% +/- 26%
there you go, what you found is perfectly consistent with what jakiman found out.

If you want a better determination of this value you have to do like jakiman: averaging over a number of days to get so many data points that the systematic error itself becomes almost negligible. Then we can talk about other concepts and introduce hypothesis testing etc. Go do some probability & statistics class to find out.

i dont understand what calculations you do, in few days of mining is the same, i get 50% of amount, also my friends, you can calculate whatever you want if i get 50% of what i should, it is 50%

The predicted amount of UTC generated on a daily basis is an indicative (as in: unreliable) measure based on the ratio between your hashpower (most likely determined over the last 10 minutes by your share rate divided by the entire pool shares) in relation with the network hashpower (sum of all individual haspowers determined the same way).

You will not be surprised that this may wildly vary minute after minute. just sit in front of your screen and refresh this measure every now and then and you will realize how imprecise it can be.

Under the stable pools hypothesis (network always perfectly performs, no orphan blocks and no rigs coming in or out of the pools) the true measure would be that every client would faithfuly report their individual hashpower and that your hashpower would then be divided by the sum of all (including yours) hashpowers in the network. Then you would have a most probable average that you would have to compound by the sum of all standard deviations in finding shares, because given the nature of the problem it cannot be anything else than probabilistic.

This might seem like a simple idea, but I can assure you it is not. The devil is in the details.

[kosha]

can somebody help me set ultracoin miner config? via team viewer. i need set only connect with pool. i have tried all configurations and miners, but they doesnt work. 3 cards r9 280x i will pay 0,01 btc. tm 947 172 288   00001234   sorry for my english))

[fabietech]

So here is the thing!! we have a mining farm of 40 rigs.

Where mining now on leetpools, nitro is closed to registration.
Where can i go? someone have a good pool

https://utc.pool.pm

Does this pool also have the orphan problem?

[sakr]

So here is the thing!! we have a mining farm of 40 rigs.

Where mining now on leetpools, nitro is closed to registration.
Where can i go? someone have a good pool

With all this power, you're welcome to join our pool at http://thepool.pw/ultracoin, the server is very fast and stable, also no orphans so far. You can give it a test if you like.

[novymivo]

So here is the thing!! we have a mining farm of 40 rigs.

Where mining now on leetpools, nitro is closed to registration.
Where can i go? someone have a good pool

https://utc.pool.pm

Does this pool also have the orphan problem?

no

[mattbigblue]

THIS POOL HAS STILL LOW ORPHANS:



https://utc.pool.pm/index.php?page=statistics&action=blocks

1 in the last 24h, why does everybody complain and not move?

Last 24 Hours   148.21%   

means it took 48% more shares than it should to find a block..meaning Your earnings are 48% less than predicted....

Think your maths are a little skewed there.. If the shares were at 150% then that would be 33% less than predicted!

Yes right, but still, 33% is way to much for me to sacrifice good pools are usually +/- 10% (90-110%)...Very often is luck, but I can see the pools that are withing mentioned range constantly and I can see the pools that are always way off, means they don't work properly (too much load maybe? ddos, don't know)

[Rabbit80]

THIS POOL HAS STILL LOW ORPHANS:



https://utc.pool.pm/index.php?page=statistics&action=blocks

1 in the last 24h, why does everybody complain and not move?

Last 24 Hours   148.21%   

means it took 48% more shares than it should to find a block..meaning Your earnings are 48% less than predicted....

Think your maths are a little skewed there.. If the shares were at 150% then that would be 33% less than predicted!

Yes right, but still, 33% is way to much for me to sacrifice good pools are usually +/- 10% (90-110%)...Very often is luck, but I can see the pools that are withing mentioned range constantly and I can see the pools that are always way off, means they don't work properly (too much load maybe? ddos, don't know)

If you follow this thread you will notice over the past few days that there is lots of problems with nitro having too much hashrate. This causes orphaned blocks which throw any calculations clean out of the water and cannot be predicted or accounted for. Until nitro even things out by getting rid of miners or opening a second pool there is nothing much we can do about it.

[Halofire]

nitro still has 65-70% hashrate.... 550mh out of 840mh.

[azerbaidjan]

nitro still has 65-70% hashrate.... 550mh out of 840mh.

Nitro should urgently move 30% of its current hashpower elsewhere, including in a secondary pool.
make it 40% and it will be all the better.

The first 15 miners of the pool already represent 22% of the hashpower.
Taking the 50 first could most likely represent this 40% share.

These are 50 people to contact individually to propose them a deal with a new additional pool.
Given what has been done with the chinese miners this can't be too hard to do, can it?

[mattbigblue]

I just find out that nitro is stealing coins

I have been mining for 9h today and earned 43coins.

By calculations I should have earn 59 coins if pool efficeincy was 100% and 0% fee (I have taken 92% work utility in my case into consideration as well)..Now pool has 3% fee and 110% share efficiency, it still doesn't make 43 coins  

it's enough reason for me to switch somewhere else...any othere pool within 110% efficiency range and not so many orphans?

[bumface]

https://bitcointalk.org/index.php?topic=506047.0

Please keep donating to unlock 25000 UTC from crypty trade....

UQYa72meX9VCE4GYMu8uXu5YGipU9pTEzS

[NickPortland]

I just find out that nitro is stealing coins

I have been mining for 9h today and earned 43coins.

By calculations I should have earn 59 coins if pool efficeincy was 100% and 0% fee (I have taken 92% work utility in my case into consideration as well)..Now pool has 3% fee and 110% share efficiency, it still doesn't make 43 coins  

it's enough reason for me to switch somewhere else...any othere pool within 110% efficiency range and not so many orphans?

Don't be daft.

[sakr]

Please stop accusing nitro of stealing coins, that's not true, this is a democracy, people can mine wherever they want, i mined there for a long time, and find nitro to have the best payouts around, i also use it as first pool for other coins, people must understand the risk of having conglomerated hashrate in one location and the risks involved, now what people must understand is that they can get more coins mining at smaller pools, for example nitro had 75% of the network hashrate in the past 24 hours, but only had 63% of the blocks, so there is more hashrate than needed there. Please spread the hash and don't be harsh!

[mattbigblue]

so why math doesn't match? I got 28% less coins than I should...If that's ok then we have nothing to talk about  

[sakr]

so why math doesn't match? I got 28% less coins than I should...If that's ok then we have nothing to talk about  

the blocks finding is a statistical probability, not mathematical certitude so variance can be huge!

[mattbigblue]

so why math doesn't match? I got 28% less coins than I should...If that's ok then we have nothing to talk about  

the blocks finding is a statistical probability, not mathematical certitude so variance can be huge!

Keep telling this story to noobs. On my other rig I mine microcoin and calculations are almost within 3% range, so 28% is not ok even for mathematical variance!! Also when nitro was 75% nethashrate, which means they should have the most constant payouts.

[TheStuhlman]

Ok this charade has gone long enough. I usually do not participate in a byzantine discussion. But I will state some facts for those in the UTC community I do care about. First net hashrate will fluctuate up to 300% or more and is not accurate at all. That being said stats on pools are mostly based on net hashrate vs pool hahsrate, so it is hardly accurate too. Our main concern as a pool is accuracy of share earnings and unconfirmed/confirmed earnings. As for us not able to handle auto payouts, this is only laughable, we have stated why we took auto payouts off, and why it's in the best interest of our miners to do so. We have shown we have the interest of the community as well as our miners in the highest regard. We always have been proactive, in this community and we built our reputation on that. We did take measures to help before being asked. To the group voicing concern in an extreme way, what makes you a representative of this community, what have you done for UTC? other than the few newbie accounts and people with ulterior motives, I seen very few people raise legitimate concerns. We will respond to those in the community who we know are honest about what they say. It is astonishing that the same people who asked us to defend other pools and help other pools are now throwing accusations at us. We have not built a successful pool overnight, and neither will you. If you take the time we took to investigate issues and resolve them you might get what you want. We did go along with some suggestions that will help a bit, but it's not going to work if you sit here and demand we build your pool for you. Where are the pool ads? where is the offers you will make to miners to come to your pool. What did you do to fix issues with the client? So we have 65% or more of the community mining at Nitro with a higher fee, have you asked yourself why? Those thinking we will close our pool because you it will do you good!! the answer is no. We will keep signups closed, but it is not our job to advertise your pool for you, if you spent the last few days doing so, you would have had better results. You want to help other pools?, criticizing us is having the opposite effect. Take half the time we took with this community and you will see better results. It's a shame that people ask "where can I mine, Nitro is closed" if you spent a little effort to help yourself, this question would have never been asked. You can sit here and make this the Anti Nitro thread or you can talk about how UTC is doing good on the market and plan to have some of those miners coming in now. People will come here, read how all the pools are failing because of Nitro and what a new miner to think? are you helping yourself? Making statements that bring the opposite of what you want accomplished is counterproductive. If you want a solution we will help, but we will not kick our miners out so you can have a big pool overnight. We worked hard to make Nitro a success, and we will not destroy that because you think we should. We have taken steps on our side to help, now you take the steps on your side to help. It will be slow but if you are positive about it will happen naturally.

[azerbaidjan]

I just find out that nitro is stealing coins

I have been mining for 9h today and earned 43coins.

By calculations I should have earn 59 coins if pool efficeincy was 100% and 0% fee (I have taken 92% work utility in my case into consideration as well)..Now pool has 3% fee and 110% share efficiency, it still doesn't make 43 coins  

it's enough reason for me to switch somewhere else...any othere pool within 110% efficiency range and not so many orphans?

Don't be daft.

Exactly, with a current estimated 3000UTC per days made on fees why would NITRO steal 16 coins out of your pocket. Be serious and check your transactions. Also read what I wrote above about the daily mining estimations that are everything but precise...