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

[Hoshimaru]

I wanted to do a trade test an my coin's are stuck
Status: 0/unconfirmed
Date: 07.03.2014 17:20
To: cryptsi UaSu7JPRjEMZLdBFLWPXc28W5C8ZoViBb5
Debit: -10.00 UTC
Transaction fee: -0.00001 UTC
Net amount: -10.00001 UTC
Transaction ID: f1734e9b36cf95edf9ca075a4965e633d16f4acb99ff066dacde482399ec43d7
what can I do?

Crapsy has lost 3 Aurora I deposited over there. Support says "wait 24 hours".
I would have paid off the rest of my hardware with that 3 Aurora. Bunch of clowns over there.

[1715130145]

1715130145

[1715130145]

1715130145

[SxC]

Hi, I need help to optimize my configs.


290  65 Kh/s

--sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 34234 -I 12 -w 512 -g 1 --queue 0 --no-submit-stale --scan-time 1 --lookup-gap 3

7970 130Kh/s

--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

6970  45Kh/s


--sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 16384 -I 12 -w 256 -g 2 --queue 0 --no-submit-stale --scan-time 1 --lookup-gap 3

Leav you walled adress if you have any idea what will help me.

The 7970 is about right hash but you can maybe try upping the clock speed abit more you might get 140 khash rest i can't help with

Try here  http://www.reddit.com/r/official_utc/comments/1z93t9/cgminer_configs_for_new_nfactor/

[NickPortland]

BTC price on the downtrend doesn't help things also!

[dcgirl]

I guess I get to be the one guy where Greed does not Supersede Ethics.   (etc)


Take care
Prot

To answer just one of your points, about diamonds, etc. - all of those markets are for things that already have value established and are all already well known, so I'm not sure that they apply here.

But to get back to trading, trading is the only way I can earn coins, which is my goal. I don't mine, and I don't have fiat to buy with. So for me to get UTC, I have to trade for it. I don't put walls in to manipulate the price. I don't put .01 orders in to drive the price up or down. I just sell when I think I can buy back lower. Do you want me to stop being in this market? Do you want me out of the UTC community?

Been watching the coin and this is what put me off jumping on board.

The buy orders were weak and held up due to small buy orders. Decided
to sleep on it, after nearly purchasing yesterday. Missed the low 17k this
morning.

Right now there are buy orders, that jump 300 and even 1800 sat. A lot
of supporters which is great and understand the price was a lot higher in
past. But as someone new to the coin I'm looking at the current prices now
and doesn't give me any confidence in buying!

The one suggestion I have for you is to think of this as a "long hold" coin. This is not a pump and dump. If you can buy coins at a good price and hold them, it should benefit you down the road.

The other point that should be made is that every coin has manipulators. There's no getting around it. If you stare at the charts non-stop for hours, you will get really frustrated. If you think the chart is just going to go up, up, up and never have a downturn, you will be very frustrated. No coin has ever done that - think of bitcoin, ltc, aur, etc. They all had their ups and downs, people made a lot of money on them, but never were a sure bet (and still aren't, especially aur).

My personal opinion? Anything in the 2s is a good deal. As UTC matures and we build out features and services to support it it will continue to grow.

[pieterjanvh]

BTC price on the downtrend doesn't help things also!

Yep, Bad Luck Ultracoin strikes again

[berryzat]

Only afther I copy over and restarted -qt they showedin my banance.

[nanoprobe]

BTC price on the downtrend doesn't help things also!

If anyone is interested you can follow BTC price movements in real time here

[NickPortland]

BTC price on the downtrend doesn't help things also!

Yep, Bad Luck Ultracoin strikes again

Most coins performing HORRIBLY.

Look at MAZA, it got destroyed.

MAX sucking more than usual.

Very few holding their ground, AUR among them.

UTC? I don't know, still, doing better than others

[berryzat]

I wanted to do a trade test an my coin's are stuck
Status: 0/unconfirmed
Date: 07.03.2014 17:20
To: cryptsi UaSu7JPRjEMZLdBFLWPXc28W5C8ZoViBb5
Debit: -10.00 UTC
Transaction fee: -0.00001 UTC
Net amount: -10.00001 UTC
Transaction ID: f1734e9b36cf95edf9ca075a4965e633d16f4acb99ff066dacde482399ec43d7
what can I do?

Crapsy has lost 3 Aurora I deposited over there. Support says "wait 24 hours".
I would have paid off the rest of my hardware with that 3 Aurora. Bunch of clowns over there.

Cryptorush has slowed me with aur, transfered when it was 0.13 and recived when it was 0.06. I only had 0.something from multipool

[AceCobra1]

Guys, is the predicted amount that I earn accurate? I have been mining at http://ultra.leetpools.com/ with a hash rate of around 1.2MH/s and it predicts that I am to earn around 200 to 250 UTC a day. The hash rate fluctuates a lot from 550Kh/s upto 1.7MH/s.... Obviously it doesn't do that in my cgminer so I am guessing it might just be a glitch in the website. The only problem is the last 2 days, I have only earned roughly half of what I should be earning 135UTC! I know the difficulty changes but it certainly hasn't increased to the point where my predicted earning is 135 UTC a day from a 1.2MH/s rig ? Any ideas ?

PS. With regards to power consumption, does this scrypt-jane consume less power than scrypt itself?

Ace try to check all pool stats on several pools and see what is best for you. All pools had some problems, luck on some of them are liittle worse than at others, I was at Leet for 2 weeks, was OK, last few day not are their best days. Check greekpool, also good, idcray was first that was functioning well on the day 1. Also, diif was spiking last days from 2 to almost 8 but mostly from 3.9 to 7.5 so it's 100% difference. With that in mind, yes it is possible that you got only 1/2 what was expected.

Thanks guys - appreciate your input

[Uggle]

[YAdaminer]

OK, to continue the discussion about trading - how is a market supposed to function if no one ever sells? At what point do you all think its ok to sell? (My guess is that you just don't want anyone selling until the price reaches the point where you want to sell)

What's so bad about someone taking profits, at the price they choose? Each person that dumps matches up with someone else that buys, so I just don't get why this is a problem. The only problem at the moment is that there are more sellers than buyers, so the price is going down. The price will go up when people think it will make them money if they buy. I just really don't like the idea that you are criticizing people that trade, as if they are somehow hurting the market. We ARE the market. You sitting on your coins is not doing anything at all to affect the market either positively or negatively.

I'd really like someone to explain to me how the market would be better if no one sold. That's the part you keep harping on and it just doesn't make sense.

I guess I get to be the one guy where Greed does not Supersede Ethics.  

The thing I dislike most about traders;  you pointed out yourself.   You all require "Someone Else".
-Someone else to buy the coins your wanting to sell @ a high price (for you)
-Someone else to sell you coins you want to buy @ a cheap price (for you)
-Someone else needs to add buy support

To paraphrase your statement:  "I have made a bunch of BTC selling my UTC to "Fools Greater than me";  I used those to buy a ton more UTC from "Fools greater than me".   Now everyone else needs to buy, so I can do it some more."

The nice thing about holding a coins is you actually SUPPORT the coin;  Actively, by yourself by not selling.   One could also argue;  "If you hold a coin, then you believe in it.  If you sell a coin then you believe in what you sell it for"

You had asked in the end how a market could work if most of the holders held;  We can compare that to several other areas where this has occurred.

- Diamonds  Best example.  Most all diamonds are held not sold.   The price is high BECAUSE of holders.  Thankfully here, there is no realm of reality where it could be considered otherwise.
- Gold  Large percentage of gold is held.  Gold would be less than 500.00 now if it was based on production cost ( I have worked in this arena to know)
- Silver 2011, price rise into 50.00.   That was not because a bunch of new money came in.  It was because people held for higher value
-  BTC  Bitcoin would not have gotten over 50.00 if any significant percentage was / is traded of coins minted.  (last estimate I heard was 10% traded)

I suppose some may consider those "too small" to be examples.  I assume they will work as an explanation of how a market works when most hold.


Moving on;  It does appear that you did a good job of convincing people to go ahead and sell,  so congrats there?   You would think if a trader TRULY was concerned about lack of buy support;  they wouldn't wait until the lowest volume time to sell.   However that is just logic,  which has little place in this world now.


You Guys want everyone to "think" it's IPO or miners; but it's just you traders.   Miners have never been at any great profitability for this coin (save first couple days) and I watch enough coins to know IPO's haven't moved as well.  Because of all the high difficulty early;  myself I would have mined more $$ just mining LTC this whole time.  Now of course, if I had sold everyday since the start; I would have a bit more than LTC.   However,  I would not have any UTC and why would I support it then  as "I took profits" already.

I do hope all the traders realize the fire your playing with.   If you are trying to shake hands and get cheap coins "be careful what you wish for".   Very Very high percentage of these coins have not moved from wallets.  If you do manage to make a low enough price for these coins to move;  then you dumpers haven't seen anything yet.

-The single largest UTC wallet;  purchased more coins than IPO.  Also, that person purchased MANY coins dumped early @ 25-35 cents.  Also, NONE of them have been sold.  For you own sanity, you should pray you do not shake the confidence of this or other large wallets.  


For myself;  I've invested a bit of time, effort, energy, electricity and money into UTC.   I've put more into UTC than I ever thought would be required for any crypto.  Mining LTC for a year;  the most I did was see if miners were on and "Not sell".   I have no realized returns, for this coin, and would be at a 300% loss from cost if I sold any UTC.  As with any crypto, I will not invest more than I can afford to lose and I did not here with UTC.  However, there comes a point where the disparity between energy out and energy in, require a change of course.  

As such.  I've put my miners back to LTC.  No, I have not sold coins.  If you want to take the price to 1 satoshi;  fine if you want, I still won't sell.  At this point, I have to consider this a total loss and a waste of my time.  I had really hoped my first adventure into an Altcoin would have gone better;  but hey S%&t happens.  I do hope someday that UTC will get back to a point where, most of the early buy support can get out of bagholding;  maybe then there would be more overall support.  

I'm sorry to make a post with negative in it and I will not do it again.  I would like to thank everyone in the UTC community who has/ is working hard and I hope things go well for your efforts.  Also, thank you for giving me the chance to try out altcoins.

Take care
Prot

+ 1000
You just wrote what many others thinking.
But than again I respect anyone in comunity and we need comunity to be compact.
I could have 5-10k UTC more from what I have but I don't want to hurt coin and comunity, I'm OK with what I've mined.

[KingCole]

I guess I get to be the one guy where Greed does not Supersede Ethics.   (etc)


Take care
Prot

To answer just one of your points, about diamonds, etc. - all of those markets are for things that already have value established and are all already well known, so I'm not sure that they apply here.

But to get back to trading, trading is the only way I can earn coins, which is my goal. I don't mine, and I don't have fiat to buy with. So for me to get UTC, I have to trade for it. I don't put walls in to manipulate the price. I don't put .01 orders in to drive the price up or down. I just sell when I think I can buy back lower. Do you want me to stop being in this market? Do you want me out of the UTC community?

No way DcGirl you are always the voice of reason and reality. I also find your posts well written and enjoy reading them, you have many good and sound ideas and are an asset to UTC community

KC

[KingCole]

After all the excitement of the last few days with Cryptsy maybe it is time to get back to working for the good of UTC and let the price do what it will. Have we announced the Facebook winner for the 250 UTC prize and have we started the UTC giveaway as the next campaign for Facebook?

Lets not forget the very generous offer from Crypto-Trade of matching, if we can raise 7,500 UTC they will donate 25,000 to development. What should we prioritise next for development? Maybe a store hosted at xwebnetworks and a platform from dcgirl? Overnight coinpayments.net have announced they are cease trading.

KC

[dcgirl]

After all the excitement of the last few days with Cryptsy maybe it is time to get back to working for the good of UTC and let the price do what it will. Have we announced the Facebook winner for the 250 UTC prize and have we started the UTC giveaway as the next campaign for Facebook?

Lets not forget the very generous offer from Crypto-Trade of matching, if we can raise 7,500 UTC they will donate 25,000 to development. What should we prioritise next for development? Maybe a store hosted at xwebnetworks and a platform from dcgirl? Overnight coinpayments.net have announced they are cease trading.

KC

The coinpayments announcement is disturbing. I worked yesterday on figuring out the best way to handle utc payments - doing a straight product for utc transfer is doable, but as soon as you bring fiat into the transaction, it's a real problem. So I'm leaning towards restricting it to just product for utc. Now working on how to best "price" that, by looking at exchange prices. And how to make sure the whole thing is secure.

Once the payment part is resolved, the rest of the store set up will be pretty quick. I'll probably host it on one of my aws servers to start. Still looking for suggestions on what to call the store, please respond if you have ideas. I have received some good ones already.

[bumface]

After all the excitement of the last few days with Cryptsy maybe it is time to get back to working for the good of UTC and let the price do what it will. Have we announced the Facebook winner for the 250 UTC prize and have we started the UTC giveaway as the next campaign for Facebook?

Lets not forget the very generous offer from Crypto-Trade of matching, if we can raise 7,500 UTC they will donate 25,000 to development. What should we prioritise next for development? Maybe a store hosted at xwebnetworks and a platform from dcgirl? Overnight coinpayments.net have announced they are cease trading.

KC

i have been working on a movie to show transaction speeds, and i managed to send utc to london from the netherlands, wait for him to confirm, and send it back to me and confirm, ALL in 2:04 minits.....

then i found out my camera can only do 640x480, so its basicly 1 big blurrrr  


We need movies like this, to show how fast UTC is, if somebody has a better camera, and an utc buddy in another country, please make such a movie and both film your monitors....or let 1 person control the pc of the other with teamviewer

have the others adres already filled in and time it witha stopwatch on a phone, which is also visible in the movie.....press send first,. then the wallet asks, are you sure, do you want to pay the fee...

then click the yes button , and the stopwatch with your other hand at the same time.......


im gonna try to find money for a better cam ;(

[jays_swe]

Hi, I need help to optimize my configs.


290  65 Kh/s

--sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 34234 -I 12 -w 512 -g 1 --queue 0 --no-submit-stale --scan-time 1 --lookup-gap 3

7970 130Kh/s

--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

6970  45Kh/s


--sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 16384 -I 12 -w 256 -g 2 --queue 0 --no-submit-stale --scan-time 1 --lookup-gap 3

Leav you walled adress if you have any idea what will help me.

The 7970 is about right hash but you can maybe try upping the clock speed abit more you might get 140 khash rest i can't help with

Try here  http://www.reddit.com/r/official_utc/comments/1z93t9/cgminer_configs_for_new_nfactor/

BIG thank you!

[SxC]

Hi, I need help to optimize my configs.


290  65 Kh/s

--sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 34234 -I 12 -w 512 -g 1 --queue 0 --no-submit-stale --scan-time 1 --lookup-gap 3

7970 130Kh/s

--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

6970  45Kh/s


--sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 16384 -I 12 -w 256 -g 2 --queue 0 --no-submit-stale --scan-time 1 --lookup-gap 3

Leav you walled adress if you have any idea what will help me.

The 7970 is about right hash but you can maybe try upping the clock speed abit more you might get 140 khash rest i can't help with

Try here  http://www.reddit.com/r/official_utc/comments/1z93t9/cgminer_configs_for_new_nfactor/

BIG thank you!

np hope you get them sorted and can get mining that yummy UTC

[dcgirl]

After all the excitement of the last few days with Cryptsy maybe it is time to get back to working for the good of UTC and let the price do what it will. Have we announced the Facebook winner for the 250 UTC prize and have we started the UTC giveaway as the next campaign for Facebook?

Lets not forget the very generous offer from Crypto-Trade of matching, if we can raise 7,500 UTC they will donate 25,000 to development. What should we prioritise next for development? Maybe a store hosted at xwebnetworks and a platform from dcgirl? Overnight coinpayments.net have announced they are cease trading.

KC

i have been working on a movie to show transaction speeds, and i managed to send utc to london from the netherlands, wait for him to confirm, and send it back to me and confirm, ALL in 2:04 minits.....

then i found out my camera can only do 640x480, so its basicly 1 big blurrrr  


We need movies like this, to show how fast UTC is, if somebody has a better camera, and an utc buddy in another country, please make such a movie and both film your monitors....or let 1 person control the pc of the other with teamviewer

have the others adres already filled in and time it witha stopwatch on a phone, which is also visible in the movie.....press send first,. then the wallet asks, are you sure, do you want to pay the fee...

then click the yes button , and the stopwatch with your other hand at the same time.......


im gonna try to find money for a better cam ;(

you could try doing a screen recording instead, with a digital stopwatch displayed

[Puycheval]

PS. With regards to power consumption, does this scrypt-jane consume less power than scrypt itself?

Yes. On my 4 x 290 rig, power consumption is 1350W with scrypt or nscrypt and only 1200W with scrypt-jane. But N factor last change didn't impact it.