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

[NickPortland]

Guys stop feeding the trolls, I was talking to Ziggy/Bumface this morning about adding the votes to the pool, and doing XXXX campaigns for UTC. I added the Vote link 2 hours before anyone even mentioned it here. Some trolls trying to pretend Bumface had nothing to do with this and that they took the initiative first. Even when he tries to do something positive you jump in with the this poor attempt at discrediting him. It's time for this to stop. When the vote link went up on nitro, all of a sudden it's not Bumface but that other hero sitting here doing all the work. Let me see if this is your idea... What is the next step we discussed which I marked with XXXX, I know you don't know and tomorrow when it happens you can also take all the credit because Bumface does not do anything.

hey - I don't like the trolling and I don't like the nastiness. But I also am as frustrated as everyone else. I DON'T CARE who does what. But I do care that people have asked over and over to get the exchange voting listed on pools and it hasn't happened.

I like this coin. And there are only a couple of coins that I invest in long-term, this is one of them. I don't think its too much to ask to have this information listed on pools, or to hear why the devs don't want it listed. And I try to be polite here, just as many, many others do. I see people doing everything they can to promote this coin. These people aren't trolls.

Adding the vote to pools was delayed, because of discussions with a certain big exchange that is still taking place. Bumface gave you an update on that, but the trolls publishing machine, was quick to cover his update with 6 or 7 pages of trolling. You can click on his nickname and read all his posts/updates then go to any other altcoin and click the DEV nickname and compare. The dev does not have to post everyday. If you want to see good news, then make some, every good community, I see on these forums will be making promo vids, pics, infographics.. etc etc..  Not one of these trolls suggested a Charity.. All they want is to buy your coins cheap because they know it will be worth a lot more soon.

There's no update about listing anywhere int he last 2-3 days of bum's comments.

Are you trippin' or just making stuff up because he brought you much needed Hashrate on your pools? Just sayin

[1715146093]

1715146093

[1715146093]

1715146093

[KryptoKings]

i'd like to say thanks to the dev team for all the hard work. Be glad the dev team is a mature team that gets along. Did anyone see the Pandacoin crap? I know none of that foolishness will happen with bumface and ziggy. I have been buying/mining this coin from the beginning and have confidence they will always do the best they can. Thanks guys!

[NickPortland]

i'd like to say thanks to the dev team for all the hard work. Be glad the dev team is a mature team that gets along. Did anyone see the Pandacoin crap? I know none of that foolishness will happen with bumface and ziggy. I have been buying/mining this coin from the beginning and have confidence they will always do the best they can. Thanks guys!

The devs are so confident about UTC, an ASIC RESISTANT coin, being successful, they invested a big chunk of their IPO money on SCRYPT ASIC MINERS:

cant you just stop making stuff up? your embaracing yourself, few pages back AGAIN with the 80 btc fud, we did not earn 80 btc you oompaloompa, we had MANY 10 thousand dollars in costs.....i have invested a large sum of my btc from the stakes in scrypt asics so i will have money to spend on UTC developments( websites, games services), i told you guys we are thinking about the future, and as far as 2015


i reported you for constant lies and fud

[Toxic2040]

I'm going to try to put a positive spin on things, since there seems to be so much negativity.

Bumface, thank you and to all of your fellow devs for creating UTC and creating the opportunity for me to have a chance to make some extra money.
Personally, I think that you have done your part and are continuing to try to make UTC successful.
I think you should take some time off, have a few beers, and wiggle your toes in the sand on a tropical beach somewhere.
You gave us the tool (UTC) to give us the opportunity to possibly make a better life for ourselves.
Many of us will continue to try to promote the growth of UTC and take it where you envisioned, when you created it.
I also want to thank the pool operators for their tireless efforts to keep their pools up and running, while fighting off ddos attacks.
They also have been a wealth of knowledge to new miners and a voice of calm, during chaotic moments in the chat rooms.

I would like for the UTC community to get behind bumface and the devs and not in front of them.
It is our job as a community to make UTC grow.  Look at some of the other popular alt coin communities where the community made the coin grow.
Some here have done that and we should follow their example.  UTC continues to grow in the face of downfall of other popular coins.
With everyone's help, that can continue.

Once again,
Thank you

Thanks..been trying to figure out how to say the same things for awhile now but the noise from the trolls has been to much.


To all the belly achin sonsabitches..STFU and GTFO if you dont like what you see. Maybe you should take the fiat your investing in crypto and get a therapist instead if you need you hand held 24/7. I hear they do that sort of thing.

[MasterCATZ]

https://bitcointalk.org/index.php?topic=478125.0

the only real way for this community to help this coin is to start start another forum thread ,

that way our efforts are not deleted / buried


we are wanting to back up the dev's and trying to not step on bumfaces toes but if he just keeps deleting instead of answering a question ...

I am over trying to help out here with all the messages that are being removed

like this one anytime soon !!!


the coin is great we want it to live

[TheStuhlman]

Join Mintpal and vote for UTC 6 times an hour, if you don't want to join you can still vote 3 times an hour:

https://www.mintpal.com/voting

[NickPortland]

Join Mintpal and vote for UTC 6 times an hour, if you don't want to join you can still vote 3 times an hour:

https://www.mintpal.com/voting

I have been for the past several hours.

[dcgirl]

Is there a subreddit for ultracoin?

never mind, I found it - it's official_utc. I think there should be one called ultracoin that's managed by the community. This is typically how other coins handle reddit. I'd appreciate everyone's thoughts on this.

[atomicchaos]

I won't even add any comments to the below clips, outside of an initial two comments / questions: If the BTC is already re-invested in non-UTC related activities, how does that help the coin in the short term? My 2nd comment is about the time spent on the coin that was claimed, but not exactly explained. Communications is important, like it or not, and if Bumface doesn't want to constantly explain everything done, then appoint someone to communicate. Answering 40 messages a day hardly brings sympathy.

i have invested a large sum of my btc from the stakes in scrypt asics so i will have money to spend on UTC developments( websites, games services), i told you guys we are thinking about the future, and as far as 2015

Ive been reading through the last pages and to be honest im a little insulted.People say do more, promote more, give news every day....I am working 10 hours per day on UTC and to hear this kind of news is disheartening.Every day i wake up, and i have 10 PM`s on btc-e to answer, 10 on bitcointalk, 10/20 e mails.Answering all this takes so much time that i have less time to spend on UTC, so these suggestions are actually creating the thing you are "observing"

perhaps you can imagine that i need some me-time after spending 10 hours per day on UTC  for 3 months now?

People are behaving like children wanting a braveheart speech every day,and its making me very crancky,i am nobodys leader and i am not your guru.

reading how im not doing enough is very insulting, since my entire life currently revolves around UTC.

So people who want some kind of great news every day are very unrealistic since i just explained the 99/1% ratio this would mean that i am working 100 hours per day, which is humanly impossible.....

there are only somany hours in the day,but nobody can tell i am not doing enough, because its simply not true.

If i wanted to i could make a coin with 99% fluff and 1% content and perhaps it would grow faster then UTC

[jakiman]

Some of the things that I think bumface/ziggy needs to do from my point of view:

1. Explain more about the N-factor. MANY people does not know about this.

We need to know the dates of when the N-factor changes for UTC and what that implies.
It's a BIG part of UTC so I don't understand how this is not explained on the OP from day 1.
bumface, you told me you'll speak to ziggy about this 3 days ago? What happened?

2. High overview of the upcoming plans / ETA / updates in OP. (Create a DEV UPDATE section on the OP)

You can't just keep complaining to us that you spend 10 hours per day on UTC but tell us so little of what you do.
We are not saying you do nothing. Maybe you do a lot as you say.But we can't tell as maybe it's too dispersed. (chats, twitter etc)
As I said before, just communicate less but in a more professional and efficient way maybe. It'll make your life easier.
Formal updates in the OP and saying when your next update might be would be a good start. (it doesn't have to be daily!)

For both points, just look at Vertcoin's OP as an example. (might not be BEST example but it's there at least)
https://bitcointalk.org/index.php?topic=404364.0

---

He made a nice coin. I guess many of us are frustrated at not knowing what he will do with all the money he got from the IPO.
1.6 million x 0.00005 BTC = 80 BTC. We know he bought a 25MH/s Alpha Scrypt ASIC and paid some guy for the web site etc.
We know they are keeping some of the BTC to "recoup" their costs in addition to the extra 100000 UTC they got each from premine.

Stakeholders basically paid them to do a good job of improving this coin for the longer term even before coin's launch.
Now it would actually be nice to know where some of our money went to or are going to. Is that so much to ask?
We don't need to know the exact figures. Just "some BTC went to exchange A, more BTC went to exchange B, some to pump UTC" etc.

All this info should be in the OP.

NOT somewhere in page 234 of this thread like all of his other so called updates (letting off steam).
Also, even some non-direct updates (mobile wallet being created by a community member etc) should be posted IMO.

BTW, bumface, I still think you are genuine and are doing good to improve Ultracoin.
Just do yourself a favor by spending some of that 10 hours to the OP of this thread.

[RandyMagnum]

Coin development is a shining example of a grassroots project, all.

Part of growing something is our responsibility.

Build something around UTC; e.g., services, apps, utility in general, and report (spread the word).

LTC's the 2nd largest market cap out there (I ignore Ripple) and their progress through the above items has been glacial-paced.  The community is full of holders begging for Charles to do this or that, but in the end, he's just one man with a day job.  Togami also has his hands very full with the skunkworks of LTC.

The devs can only do so much before it's the community's responsibility to prove they believe in it, too.  Invest your time if it's important to you.

I've said it before, but you have a memorial wall of dead coins right in front of you, everyday, all year long at Bitcoin Forum > Other > Alternate cryptocurrencies.

Where was their backup?

[TheStuhlman]

Coin development is a shining example of a grassroots project, all.

Part of growing something is our responsibility.

Build something around UTC; e.g., services, apps, utility in general, and report (spread the word).

LTC's the 2nd largest market cap out there (I ignore Ripple) and their progress through the above items has been glacial-paced.  The community is full of holders begging for Charles to do this or that, but in the end, he's just one man with a day job.  Togami also has his hands very full with the skunkworks of LTC.

The devs can only do so much before it's the community's responsibility to prove they believe in it, too.  Invest your time if it's important to you.

I've said it before, but you have a memorial wall of dead coins right in front of you, everyday, all year long at Bitcoin Forum > Other > Alternate cryptocurrencies.

Where was their backup?

+1

[LHM]

Some of the things that I think bumface/ziggy needs to do from my point of view:

1. Explain more about the N-factor. MANY people does not know about this.

We need to know the dates of when the N-factor changes for UTC and what that implies.
It's a BIG part of UTC so I don't understand how this is not explained on the OP from day 1.
bumface, you told me you'll speak to ziggy about this 3 days ago? What happened?

I'll post my N-factor timetable again, derived from the code in https://github.com/ziggy909/ultracoin/blob/master/src/main.cpp starting at line 994. I made a little javascript loop with the same calculations starting with Ultracoins sj-time.

Code:

var sjtime = 1388361600;
var Ntime;
var l = 0;
var seconds = 0;
var s = 0;
var n = 0;
var N = 0;
var last = 8; // no output until N=9

while (seconds < 12884901888)
{
    seconds += 1;
    s = seconds;
    l = 0;
    n = 0;
    N = 0;

    while ((s >> 1) > 3)
    {
      l += 1;
      s >>= 1;
    }

    s &= 3;
    n = (l * 170 + s * 25 - 2320) / 100;
    if (n < 0) n = 0;
    N = Math.floor(n);

    if (N > last)
    {
    last = N;
    Ntime = new Date(sjtime*1000 + seconds*1000);
    //print("N-Factor :" + N + " significant digits :" + l + " leftovers :" + s + " raw N :" + n + " Seconds from start :" + seconds);
    print("N-Factor :" + N + " Date :" + Ntime.toUTCString());
    }
}

This is the output (i used a javascript console bookmarklet in firefox, it shut down the script before it got past N-factor 17)

Code:

N-Factor :9    Date :Thu, 23 Jan 2014 06:32:32 GMT
N-Factor :10   Date :Sun, 16 Feb 2014 13:05:04 GMT
N-Factor :11   Date :Fri, 28 Feb 2014 16:21:20 GMT
N-Factor :12   Date :Sun, 06 Apr 2014 02:10:08 GMT
N-Factor :13   Date :Sat, 24 May 2014 15:15:12 GMT
N-Factor :14   Date :Sat, 12 Jul 2014 04:20:16 GMT
N-Factor :15   Date :Thu, 22 Jan 2015 08:40:32 GMT
N-Factor :16   Date :Wed, 29 Apr 2015 10:50:40 GMT
N-Factor :17   Date :Sun, 14 Feb 2016 17:21:04 GMT

The next N-factor increase should be on the 28th of this month.

[jakiman]

This is the output (i used a javascript console bookmarklet in firefox, it shut down the script before it got past N-factor 17)

Code:

N-Factor :9    Date :Thu, 23 Jan 2014 06:32:32 GMT
N-Factor :10   Date :Sun, 16 Feb 2014 13:05:04 GMT
N-Factor :11   Date :Fri, 28 Feb 2014 16:21:20 GMT
N-Factor :12   Date :Sun, 06 Apr 2014 02:10:08 GMT
N-Factor :13   Date :Sat, 24 May 2014 15:15:12 GMT
N-Factor :14   Date :Sat, 12 Jul 2014 04:20:16 GMT
N-Factor :15   Date :Thu, 22 Jan 2015 08:40:32 GMT
N-Factor :16   Date :Wed, 29 Apr 2015 10:50:40 GMT
N-Factor :17   Date :Sun, 14 Feb 2016 17:21:04 GMT

The next N-factor increase should be on the 28th of this month.

That's awesome. Thanks.

This should be added to the OP maybe along with that blog's link for information or in Ziggy's own words.

[LHM]

This is the output (i used a javascript console bookmarklet in firefox, it shut down the script before it got past N-factor 17)

Code:

N-Factor :9    Date :Thu, 23 Jan 2014 06:32:32 GMT
N-Factor :10   Date :Sun, 16 Feb 2014 13:05:04 GMT
N-Factor :11   Date :Fri, 28 Feb 2014 16:21:20 GMT
N-Factor :12   Date :Sun, 06 Apr 2014 02:10:08 GMT
N-Factor :13   Date :Sat, 24 May 2014 15:15:12 GMT
N-Factor :14   Date :Sat, 12 Jul 2014 04:20:16 GMT
N-Factor :15   Date :Thu, 22 Jan 2015 08:40:32 GMT
N-Factor :16   Date :Wed, 29 Apr 2015 10:50:40 GMT
N-Factor :17   Date :Sun, 14 Feb 2016 17:21:04 GMT

The next N-factor increase should be on the 28th of this month.

That's awesome. Thanks.

This should be added to the OP maybe along with that blog's link for information or in Ziggy's own words.

Well the link is straight to the github source for the QT-wallet for ultracoin. I just modified it to spit out dates when the N-factor changes instead of checking the current date against the start time to get the current N-factor. Hopefully bumface or ziggy909 can verify its accuracy.

EDIT: the blog post from my first calculation by hand is http://www.holynerdvana.com/2014/02/everything-you-wanted-to-know-about.html?showComment=1392690143408#c7446463924638643266 which did provide a lot of useful information.

[Ruckster2010]

Some of the things that I think bumface/ziggy needs to do from my point of view:

1. Explain more about the N-factor. MANY people does not know about this.

We need to know the dates of when the N-factor changes for UTC and what that implies.
It's a BIG part of UTC so I don't understand how this is not explained on the OP from day 1.
bumface, you told me you'll speak to ziggy about this 3 days ago? What happened?

2. High overview of the upcoming plans / ETA / updates in OP. (Create a DEV UPDATE section on the OP)

You can't just keep complaining to us that you spend 10 hours per day on UTC but tell us so little of what you do.
We are not saying you do nothing. Maybe you do a lot as you say.But we can't tell as maybe it's too dispersed. (chats, twitter etc)
As I said before, just communicate less but in a more professional and efficient way maybe. It'll make your life easier.
Formal updates in the OP and saying when your next update might be would be a good start. (it doesn't have to be daily!)

For both points, just look at Vertcoin's OP as an example. (might not be BEST example but it's there at least)
https://bitcointalk.org/index.php?topic=404364.0

---

He made a nice coin. I guess many of us are frustrated at not knowing what he will do with all the money he got from the IPO.
1.6 million x 0.00005 BTC = 80 BTC. We know he bought a 25MH/s Alpha Scrypt ASIC and paid some guy for the web site etc.
We know they are keeping some of the BTC to "recoup" their costs in addition to the extra 100000 UTC they got each from premine.

Stakeholders basically paid them to do a good job of improving this coin for the longer term even before coin's launch.
Now it would actually be nice to know where some of our money went to or are going to. Is that so much to ask?
We don't need to know the exact figures. Just "some BTC went to exchange A, more BTC went to exchange B, some to pump UTC" etc.

All this info should be in the OP.

NOT somewhere in page 234 of this thread like all of his other so called updates (letting off steam).
Also, even some non-direct updates (mobile wallet being created by a community member etc) should be posted IMO.

BTW, bumface, I still think you are genuine and are doing good to improve Ultracoin.
Just do yourself a favor by spending some of that 10 hours to the OP of this thread.

Here is a great explanation of N-Factor. My understanding is that we are currently at N-Factor 11.

http://www.holynerdvana.com/2014/02/everything-you-wanted-to-know-about.html

At this point in time, the famous 1.6 million UTC make up a third of the existing market cap and is getting smaller all the time.  I don't know about you, but where I come from it is actually rude to ask about someone else's private money matters.  Anyone who really thinks that they have a "right" to know what someone else does with their money, needs to give their head a really good shake.

[jakiman]

At this point in time, the famous 1.6 million UTC make up a third of the existing market cap and is getting smaller all the time.  I don't know about you, but where I come from it is actually rude to ask about someone else's private money matters.  Anyone who really thinks that they have a "right" to know what someone else does with their money, needs to give their head a really good shake.

Well I guess all the stakeholders agreed to make them rich even before the coin was launched. I'm not complaining. I benefited also.

[MasterCATZ]

Some of the things that I think bumface/ziggy needs to do from my point of view:

1. Explain more about the N-factor. MANY people does not know about this.

We need to know the dates of when the N-factor changes for UTC and what that implies.
It's a BIG part of UTC so I don't understand how this is not explained on the OP from day 1.
bumface, you told me you'll speak to ziggy about this 3 days ago? What happened?

I'll post my N-factor timetable again, derived from the code in https://github.com/ziggy909/ultracoin/blob/master/src/main.cpp starting at line 994. I made a little javascript loop with the same calculations starting with Ultracoins sj-time.

Code:

var sjtime = 1388361600;
var Ntime;
var l = 0;
var seconds = 0;
var s = 0;
var n = 0;
var N = 0;
var last = 8; // no output until N=9

while (seconds < 12884901888)
{
    seconds += 1;
    s = seconds;
    l = 0;
    n = 0;
    N = 0;

    while ((s >> 1) > 3)
    {
      l += 1;
      s >>= 1;
    }

    s &= 3;
    n = (l * 170 + s * 25 - 2320) / 100;
    if (n < 0) n = 0;
    N = Math.floor(n);

    if (N > last)
    {
    last = N;
    Ntime = new Date(sjtime*1000 + seconds*1000);
    //print("N-Factor :" + N + " significant digits :" + l + " leftovers :" + s + " raw N :" + n + " Seconds from start :" + seconds);
    print("N-Factor :" + N + " Date :" + Ntime.toUTCString());
    }
}

This is the output (i used a javascript console bookmarklet in firefox, it shut down the script before it got past N-factor 17)

Code:

N-Factor :9    Date :Thu, 23 Jan 2014 06:32:32 GMT
N-Factor :10   Date :Sun, 16 Feb 2014 13:05:04 GMT
N-Factor :11   Date :Fri, 28 Feb 2014 16:21:20 GMT
N-Factor :12   Date :Sun, 06 Apr 2014 02:10:08 GMT
N-Factor :13   Date :Sat, 24 May 2014 15:15:12 GMT
N-Factor :14   Date :Sat, 12 Jul 2014 04:20:16 GMT
N-Factor :15   Date :Thu, 22 Jan 2015 08:40:32 GMT
N-Factor :16   Date :Wed, 29 Apr 2015 10:50:40 GMT
N-Factor :17   Date :Sun, 14 Feb 2016 17:21:04 GMT

The next N-factor increase should be on the 28th of this month.

good work thanks,
I was starting to think about swapping coins,
as my wattage vs coins generated are no longer paying off
how ever I no longer have accurate way of knowing what power my current consumption is as its very hot weather and most GPU's idling under 500 mhz @ 70+ deg )

71.0 c 100% 260 Kh/s 103263 / 2266    2.15% 290 Series 85% 654.47 Mhz
70.0 c 100% 200 Kh/s 80850 / 1626   1.97% 290 Series 85% 516.15 Mhz
test rig on watt meter 460 kh/s 310 watts ( excluding PC power GPU's only )
full load is around 800 watts total , I need about 2 coins per kw watt to break even

 
78.0 c 100% 310 Kh/s 121402 / 5097    4.03% 290 Series 85% 840 Mhz
76.0 c 100% 270 Kh/s 105589 / 4792 4.34% 290 Series 85% 866.15 Mhz
sample of average GPU's running under 80 deg / air temp 44 deg
assuming around 290 watts +-10 watts per GPU at those speeds

coins are really dropping off, I am hoping more big miners drop  out on nxt NFactore change due to HW errors ( more coin for me ) 

[LHM]

good work thanks,
I was starting to think about swapping coins,
as my wattage vs coins generated are no longer paying off
how ever I no longer have accurate way of knowing what power my current consumption is as its very hot weather and most GPU's idling under 500 mhz @ 70+ deg )

71.0 c 100% 260 Kh/s 103263 / 2266    2.15% 290 Series 85% 654.47 Mhz
70.0 c 100% 200 Kh/s 80850 / 1626   1.97% 290 Series 85% 516.15 Mhz
test rig on watt meter 460 kh/s 310 watts ( excluding PC power GPU's only )
full load is around 800 watts total , I need about 2 coins per kw watt to break even

 
78.0 c 100% 310 Kh/s 121402 / 5097    4.03% 290 Series 85% 840 Mhz
76.0 c 100% 270 Kh/s 105589 / 4792 4.34% 290 Series 85% 866.15 Mhz
sample of average GPU's running under 80 deg / air temp 44 deg
assuming around 290 watts +-10 watts per GPU at those speeds

coins are really dropping off, I am hoping more big miners drop  out on nxt NFactore change due to HW errors ( more coin for me ) 

It is easier to adjust settings if you know when you need to. I'm mining with a couple laptop GPU's and my desktops crusty HD 5450, started at 55kh/s and i'm down to 35kh/s total now. I have mined 51 UTC so far, mining for fun more than profit.

[xwebnetwork]

Just an update on the website redesign. Should be ready this weekend. Just have to place the remaining content and tidy up some CSS oddities. I'll keep you all posted!