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

[fabietech]

Haha lol!!

but indeed, UTC is lifting off!!, BTC volume 50% up, miners 50% up, dif 30% up!!!
and where even not in a big exchange!! woudl be a nice month coming

[GabrielKomatsu]

sorry to ask a newbie question, but I'm a bit confused. In the wallet there is balance, stake, and unconfirmed.  I'm wondering what is the stake part for exactly?  as an extension of that, when does the "20% per year max, if you have wallet running 24/7" pay out?  as in, randomly, weekly, monthly, or every year?  And furthermore from that how can you tell that your connected as a part of the stake at all times.  I know you have to have your wallet encrypted and then open it up and run the command to allow minting or whatever.  I mean, do you have to do that every single time you accidentally close the wallet? or you restart your computer?  Just want to make sure that I'm not letting it go un-minting for any period of time.

also, if I had the wallet open and set to mint on say, my desktop as well as my laptop, would those not interfere and it would help ensure i was always minting?

[dcgirl]

sorry to ask a newbie question, but I'm a bit confused. In the wallet there is balance, stake, and unconfirmed.  I'm wondering what is the stake part for exactly?  as an extension of that, when does the "20% per year max, if you have wallet running 24/7" pay out?  as in, randomly, weekly, monthly, or every year?  And furthermore from that how can you tell that your connected as a part of the stake at all times.  I know you have to have your wallet encrypted and then open it up and run the command to allow minting or whatever.  I mean, do you have to do that every single time you accidentally close the wallet? or you restart your computer?  Just want to make sure that I'm not letting it go un-minting for any period of time.

There's a very good description of how it works a few pages back in this thread.

[podizzle]

ultra style ..

hell yeah! ill make another

[GabrielKomatsu]

sorry to ask a newbie question, but I'm a bit confused. In the wallet there is balance, stake, and unconfirmed.  I'm wondering what is the stake part for exactly?  as an extension of that, when does the "20% per year max, if you have wallet running 24/7" pay out?  as in, randomly, weekly, monthly, or every year?  And furthermore from that how can you tell that your connected as a part of the stake at all times.  I know you have to have your wallet encrypted and then open it up and run the command to allow minting or whatever.  I mean, do you have to do that every single time you accidentally close the wallet? or you restart your computer?  Just want to make sure that I'm not letting it go un-minting for any period of time.

There's a very good description of how it works a few pages back in this thread.

thanks, I found the post and it was very helpful. It explained everything.
I have another question though, you wouldn't happen to know how the ultracoin cg scrypt-jane miner works, would you?  I mean in terms of the nature of the algorithm.  I'm getting 200 less hashes today on the same intensity I was on a few days ago.  does this have to do with the coins difficulty and something about scrypt jane or am I having issues? everything seems normal with my gpu.

[dcgirl]

yes, go back a few more pages and look at the discussion about intensity, you'll need to adjust it probably.

[DannyTom]

Anyone minting POS blocks yet?

[cointradero]

Anyone minting POS blocks yet?

The coin isn't old enough yet.

[Jarod1231]

Anyone minting POS blocks yet?

December

[cointradero]

http://www.holynerdvana.com/2014/02/everything-you-wanted-to-know-about.html?showComment=1392690143408#c7446463924638643266

Decent link to a discussion about N-factor.  I can't speak to it's veracity, but generally the guy knows what he's talking about.  If the chart is right, we are in for another major mining shock in a month or so.

[TheStuhlman]

Must say UTC is looking very good!! in one day!!

40% marketcap grow
Allot Allot of new miners
Higher Diff
and more then 130 BTC buy orders on crypto-trade!!

Does anyone know something we still dont know? !!!

Im happy for sure now keep on going need to beat Maxcoin!

yes.

[Protagonus]

http://www.holynerdvana.com/2014/02/everything-you-wanted-to-know-about.html?showComment=1392690143408#c7446463924638643266

Decent link to a discussion about N-factor.  I can't speak to it's veracity, but generally the guy knows what he's talking about.  If the chart is right, we are in for another major mining shock in a month or so.

ty for the find and post!  Seems to be correct with what bit I understand of Jane and adaptive N.  Didn't know the timelines but knew 13 was last N w/GPU.

[Protagonus]

So basically 150 days max coin mining?

No, It just means after N13 that CPU's are more "cost effective" in terms of Kh/s per Kwh of electricity. 

http://www.holynerdvana.com/2014/02/everything-you-wanted-to-know-about.html?showComment=1392690143408#c7446463924638643266

Decent link to a discussion about N-factor.  I can't speak to it's veracity, but generally the guy knows what he's talking about.  If the chart is right, we are in for another major mining shock in a month or so.

ty for the find and post!  Seems to be correct with what bit I understand of Jane and adaptive N.  Didn't know the timelines but knew 13 was last N w/GPU.

What did you think I was bagging all those coins at cryptotrade for?  Anyone could have figured where this coin is going by doing a little math. Nfactor will basically double this coin value every time it kicks in. 

ye I wish I was in a better position to have bought more.  I bought what I could and have been mining the rest, with my miner.  Those coins will have to do for me, then it's time to sit and wait a bit.

[MasterCATZ]

well I got emails back from exchanges

mintpal.com

We periodically pick the top coin from this list & BTC will not guarantee you a place on the exchange.

So is it still worth trying to buy votes ?




Your request to list a coin on Crypto Rush has been received.
Name of Crypto: UltraCoin (UTC)

You have opted to pay the fee to list this coin. Please send the fee of 0.25 BTC to 1HzgqwNSvxFvy8qFMeD6sRSNhQ6AdfEmrU

TXID 0437e5530261e027e0a6910c9d86f91bcfecd6a73a2330dc6b3bbe701a4eaab6

[azzelden]

I working Before on
-o stratum+tcp://ultra.nitro.org:3337 -u .. -p .. --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 8192 -I 13 -g 2 -w 256 --expiry 1 --scan-time 1 --queue 0 --no-submit-stale
and i get 590 kh (R9280x)
now open the miner
get 300kh and many (HW)
why Is there anything change?

[MasterCATZ]

Did anyone "burned" his GPU while mining scrypt-jane ?

I thought I had when I saw the hash speeds drop , was a hot day here in Australia and my air cooled R9 290's  were hitting high 90's ( 200 CFM 120mm delta fan on top of them )
liquid cooled were in high 70's
( work in progress need bigger tank / heat exchanger cards submerged in Oil with water cooling )
 20x rigs of R9 290 6 packs around 40 kw worth of heat
yes I was one of the hard hitters on launch day  
at least difficulty dropped so I can back off the clock speeds
I will keep GPU mining UTC as long as I get ~100 coins per 1 kw a day ( 4k coins a day )
currently it looks like everyone has left , which is good back to solo mining

[MasterCATZ]

I working Before on
-o stratum+tcp://ultra.nitro.org:3337 -u .. -p .. --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 8192 -I 13 -g 2 -w 256 --expiry 1 --scan-time 1 --queue 0 --no-submit-stale
and i get 590 kh (R9280x)
now open the miner
get 300kh and many (HW)
why Is there anything change?

with new N factor kicking in drop Intensity by 1 level , and again on next n factor change

tho I would have thought -I 13 would be safe .... but you will have half hash rate now

personally I would have a higher thread-concurrency I don't have acess to the miners i was renting with R9 280's but i believe they were using 12XXX range

[xwebnetwork]

You have 20 rigs running? Each with 6 R9 290's? Man am I jealous.

I've got 6 running now with 4 x R9 280x's each. In the process of building 12 more. Have everything but the GPU's at the moment. Its difficult to come by 48 at a reasonable price. The gouging is killing me!

[xwebnetwork]

Ahh, yes, MasterCatz. A deal's a deal. Sending 500 now for good measure. When the coin is actually up and listed, I'll send over the remaining 500.

[MasterCATZ]

You have 20 rigs running? Each with 6 R9 290's? Man am I jealous.

I've got 6 running now with 4 x R9 280x's each. In the process of building 12 more. Have everything but the GPU's at the moment. Its difficult to come by 48 at a reasonable price. The gouging is killing me!

I am not so jealous , the mining rigs I was renting ran 270 / 280's

the 280's were doing numbers pretty close to 290's on SJ and I paid top $ for my R9's due to supply and demand


UTC launch was a disaster . PSU's kept blowing up because my shipment of brand named PSU's was delayed and did not make it for the UTC weekend start I got them following monday so missed a few days of low difficulty but I also had rented around 100 MH/s worth of rigs

ThermalTake 450W Toughpower Power Express
( what I am using for each card atm 2x 30 amp rails 1 rail 6 pin 1 rail 8 pin its interesting watching PSU's as they show what rail is being used power drained from 6 pin first them the extra oomf from 8 pin )
ThermalTake 650W Toughpower Power Express
( what I am using trialing Twin air cooled R9 290's still not game to OC as it might hit its limits if it wasn't so hot I would un cap them from their 900 mhz limit to default speed around 940 but due to temp pointless they sit around 73 deg 700 mhz 280 kh/s 170watts each aircooled  )

those are dedicated 12V GPU PSU's   
 the towns generic 550watt ~ 1100watt literally were blowing up running 1x card  500 watts dieing in seconds the 1000+ watt lasted 1 minute running 2x R9's

the 450's are pretty efficient the 650 is inefficient with 2x cards unsure if they are worth while for 1x card tho :S but only like $15 diff between 450 and 650 versions



also using asrocks BTC mainboard 6x GPU's a breeze with SMOS
( tho working on a netboot cause thumbsticks are dying for some reason )
http://www.asrock.com/mb/intel/h81%20pro%20btc/

thankfully I got mine pre ordered before the price hike seen them going for $300+ mark and I paied under $100 like $60 - $80 range