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

[nanoprobe]

Tried no luck and thaks for your reply

no luck same hash rate

I have 4 asus R9 280x cards and i am getting tatal 8k/h with the following settings can some one help me with correct settings

ultracoinminer --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -o stratum+tcp://pickaxe.pool.pm:3306 -u xxx -p xxx -w 256,256,256,256 -I 13,13,13,13 -g 2 --lookup-gap 2,2,2,2 --gpu-powertune -20,-20,-20,-20 --temp-overheat 85,85,85,85 --temp-cutoff 90,90,90,90 --gpu-memclock 1500,1500,1500,1500 --gpu-engine 1000,1000,1000,1000 --thread-concurrency 8191,8191,8191,8191

I 12 and thread-concurrency 16384

Try lookup-gap 0 and then restart your computer then restart the miner.

TC 16384 and I 12 should work. I've never tried gpu-powetune -20. I use 20. The rest of your arguments look OK. If restarting your computer with those settings doesn't work then I have no other suggestions other than try 20 instead of -20

[ivanlabrie]

a little bit sooner then announced, and i might edit it a bit or add things that i forgot but here it is:

http://www.youtube.com/watch?v=-qMOcFzF2c4&feature=youtu.be

Michael

Excellent work, meeting and update!!  Very nice to see all the plans moving forward.  Also it was nice to put a face to the bum;  as it were.

Sounds good bumface.

When the next nfactor hits, Can we expect cpu-mining to be a bit more realistic?

expect an N factor delay withing some time (extending the gpu era)

-1

UTC being the only scrypt-chacha coin on its own schedule makes me sad.  I was looking forward to seeing how your momentum did when people had to figure out how to mine at N=13 and 14...

Excellent news, except for this part: "-N factor delay (at least 2 more years of GPU mining)"

WHAT!?

What exactly does that mean? I can gpu mine coins well into n factor 15...come on!

The nfactor changes was going to fast to early

We need to be able to take ppl in july that gpu mine

And the way UTC was going that would'nt happen.

So bumface is rolling back to an earlier nfactor or just increasing the time before the next changes happen

That sounds pretty bad to me...rolling back n factor ugh.

Whatever, I hope it helps increase popularity but that kills it for me. I think it'll introduce a new generation of dumpers that won't give a dang for the coin, whereas higher n factors would keep dedicated miners onboard.

The change was made to not follow the same fate as Yacoin.  There is absolutely no reason to increase N to such high levels so fast.  I guess thirtybird gave one "I was looking forward to seeing how your momentum did when people had to figure out how to mine at N=13 and 14"   not sure I would want to design a coin "just to see if you could mine it".  Higher N factors hurt network security more than a concern of miners dumping a few coins.  Also, keeping lower N's will allow a larger base instead of just "keep dedicated miners onboard."

UTC does not want to follow the detrimental path Yacoin is on and stuck with.  Verification of this can be seen here:  http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=yac-btc&market=cryptsy

You guys seem to want UTC to:
-Drive away miners
-Perpetually loose value rather than increase
-Run N factors that are resistant to devices that won't be produced for years if not a decade. (n 14-15)
-have no long-term network security


If we wanted these aspects there is always Yac..........

Sorry but that's a bunch of crap.

I can mine all n factors just fine on gpus that are out NOW.
Even more so, higher n factors start to normalize hashing power between devices of different price ranges so in the end it's better for descentralization, takes the power away from the huge scrypt farm operators and back into the little guy with a cpu and a bunch of cheaper gpus. (at least till the big guys start to figure out they need different hardware for optimal results).

Your statements are not correct, and I can prove them wrong really easily, at least on the hardware side.
Yac has been around for a long time now, and it has battled the insta-mine burden for a while, lots of negative press...but it's still a pretty solid coin, and excellent for small time miners.

"-have no long-term network security" -> this just got invalidated. Anyone can solo mine a coin with higher n factors, at least way easier than solo mining a scrypt coin or something like vertcoin which attracted all the farm dudes of the world (they are all lazy and have tons of outdated hardware at their disposal).

[azerbaidjan]

Hi Michael,

Nice to see your face and also that you put yourself forward to promote the coin. This is a strong statement, congrats for having made the step forward.
You ain't got a doge face at all...
Transparence is definitely something that stands out and helps out, and the strategy you started drafting seems promising.
The arbitrage vessel is kind of unexpected but definitely makes a lot of sense now. This is a very clever way of putting forward transaction speed.
Hopefully this will have a positive effect on the price, although I would not be surprised to see exchanges slowing down transfers at some point to avoid being attacked. Let's see how it goes. I already had a taste of this medicine while moving some UTC between exchanges.

And now that block reward is about to fall down to 20 and N factor becomes slower, those who did not dump their coins are going to get what they worked for.
Altogether this will motivate people not to dump because there will be this effect about how it was easy before.
So normally they should try to pay attention for the most.
Obviously there's still going to be the inevitable dumping part in the future anyway.

Now we've got to get into this top 5, meaning market cap should get above 70k BTC. This is not a weekend project, knowing we currently stand at around 1500 BTC. This represents a 50 fold increase as of today.
If we want to achieve this in under 3 years, this represents an increase factor of 3.6-4 per year = 1.11% organic growth per month in addition to the growth rate of the slowest top 5 growing coin.
But let's keep in mind that the top 5 is also fast paced, faster than the rest of the coins.
The 2 main contenders are ripple or doge. You know the challenge now.
We might have to increase market cap by 2-3% or more per month.
That's a challenge, because we have to both attract people and make people use their coins without dumping them altogether.
So again, play on the savings part of the coin. I have my personal questions about UTC PoS model, because 20% per year seems really a lot, but we'll see the effect in 1 year time.

If we are to start now this means that next month we should regain 300-450 BTC in market cap and going from 1500 to 1800-2000 BTC.
I believe this can be achieved both because BTC crash will soon be over, and also because we can market more efficiently this coin thanks to your work.
But mind the other coins as well, because they will recover.


Take care,
az.

[cointradero]

finally, some actually specifics with regards to a plan and a solution to the rapidly increasing N-factor.  If a POS change goes in soon, almost everything I thought needed to happen will have.  

I really think you should consider changing the POS to a lower rate again, especially in light of the arbitrage strategy.  


On a side note, I logged into my Cryptsy account for the first time in a few weeks and it says I have a -500 UTC balance and won't let me withdrawal any other coins until I correct this.

Has anyone else ever had this happen on Cryptsy?  I don't know how I would get a negative balance.  

[albertocp]

I am mining in http://ultra2.nitro.org/ but the hashrate is 0 can someone help me?

I have a 7950 and my config is:

Code:

ultracoinminer -o stratum+tcp://ultra.nitro.org:4337 -u xxx.xxx -p xxx--scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -w 512 --thread-concurrency 24000 -I 19 -g 1

[SP33D0]

Look at Command prompt window: You are Connected to ultra.nitro.org instead of ultra2.nitro.org :-)

Use: stratum+tcp://ultra2.nitro.org:4337 -u your.worker -p your.password

[cointradero]

Look at Command prompt window: Connected to ultra.nitro.org instead of ultra2.nitro.org :-)

It wouldn't matter anyway, his hashrate is twice what a 7950 can get.  And he uses a g-1 thread on a g-2 card with too high intensity.  He's getting all HW errors if more of the mining screen could be seen.   

[Protagonus]

Sorry but that's a bunch of crap.

I can mine all n factors just fine on gpus that are out NOW.  (Correct, you can get 2.5Kh/s on Yaccoin with 1 single gpu out of all made;  What are you going to mine with in 55 days?)
Even more so, higher n factors start to normalize hashing power between devices of different price ranges so in the end it's better for descentralization, takes the power away from the huge scrypt farm operators and back into the little guy with a cpu and a bunch of cheaper gpus. (at least till the big guys start to figure out they need different hardware for optimal results) (Huge farms leave if there's no profitability, I would not tout that as a plus.  For the "little guy"  he will need to buy new hardware too, GPU, CPU and / or RAM;  why would the little guy with low funds put in more money when they can just mine 100's of others without?).

Your statements are not correct, and I can prove them wrong really easily, at least on the hardware side. (this post has no proof, so yes please provide refutation to my points)
Yac has been around for a long time now, and it has battled the insta-mine burden for a while, lots of negative press...but it's still a pretty solid coin, and excellent for small time miners. (agree)

"-have no long-term network security" -> this just got invalidated. (how might I ask) Anyone can solo mine a coin with higher n factors, at least way easier than solo mining a scrypt coin or something like vertcoin which attracted all the farm dudes of the world (they are all lazy and have tons of outdated hardware at their disposal).  (again, the fact that you can solo mine is NOT something you should tout as it's Bad.  This meas poor network hash rate and thus poor network security.)

If you apply any of your "validation" to BTC or LTC then their values could not be where there are.  Even at the NY conference there was discussion about BTC network security and if it can be attacked still.  The answer was yes.  That is a security issue and will always be there.  LTC is at the point where it must have ASICS, so that it too can move forward in pricing and security.  Any crypto that does not SUPPORT increasing hash rate cannot survive;  N factor or no.   A coin can have no real market cap without a corresponding amount of network security.   Any coin that will be around in 10 years will keep this as a core principle.  LTC will survive and they understand this;  which is why they are NOT changing N factor.   All of this is enough and we are not even talking about the many security shortcomings inherit with higher Nfactor

[albertocp]

Look at Command prompt window: You are Connected to ultra.nitro.org instead of ultra2.nitro.org :-)

Use: stratum+tcp://ultra2.nitro.org:4337 -u your.worker -p your.password

The problem continue...

It wouldn't matter anyway, his hashrate is twice what a 7950 can get.  And he uses a g-1 thread on a g-2 card with too high intensity.  He's getting all HW errors if more of the mining screen could be seen.    

I don't get any hardware error

[cointradero]

Look at Command prompt window: You are Connected to ultra.nitro.org instead of ultra2.nitro.org :-)

Use: stratum+tcp://ultra2.nitro.org:4337 -u your.worker -p your.password

The problem continue...

It wouldn't matter anyway, his hashrate is twice what a 7950 can get.  And he uses a g-1 thread on a g-2 card with too high intensity.  He's getting all HW errors if more of the mining screen could be seen.    

I don't get any hardware error

Is that still true more than 16 seconds after starting?

[Protagonus]

neither of your screenshots shows an accepted share.  You must have an accepted share to show any pool hashrate.  So, the pool will show once you submit.

[albertocp]

wait 5 minutes, I will made another capture.

neither of your screenshots shows an accepted share.  You must have an accepted share to show any pool hashrate.  So, the pool will show once you submit.

And why I don't get accepted?  

After 5 minutes mining the hashrate is higher, I don't get HW, I don't get accepted and the pool don't show my hashrate .

[SP33D0]

@albertocp
settings for your GPU have a look at: http://forum.ultracoin.net/viewtopic.php?f=5&t=99

[albertocp]

@albertocp
settings for your GPU have a look at: http://forum.ultracoin.net/viewtopic.php?f=5&t=99

Same problem with the config of the page you said.

[cointradero]

I am mining in http://ultra2.nitro.org/ but the hashrate is 0 can someone help me?

I have a 7950 and my config is:

Code:

ultracoinminer -o stratum+tcp://ultra.nitro.org:4337 -u xxx.xxx -p xxx--scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -w 512 --thread-concurrency 24000 -I 19 -g 1

Do you have a space between your password and --scrypt-jane?   It seems your hashing as scrypt right now.  That or your start time is wrong, I'll check that, but I doubt you randomly put a number in there.  

[cointradero]

@albertocp
settings for your GPU have a look at: http://forum.ultracoin.net/viewtopic.php?f=5&t=99

Same problem with the config of the page you said.

Now you're all HW errors, new problem at least.  And one that is fixable.

[TheStuhlman]

I am mining in http://ultra2.nitro.org/ but the hashrate is 0 can someone help me?

I have a 7950 and my config is:

Code:

ultracoinminer -o stratum+tcp://ultra.nitro.org:4337 -u xxx.xxx -p xxx--scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -w 512 --thread-concurrency 24000 -I 19 -g 1

yes put a space between -p xxx and --scrypt-jane

Edit: I am not sure but your settings do not look right also, are you getting hardware errors? try the settings posted on the homepage on Nitro2

[albertocp]

I am mining in http://ultra2.nitro.org/ but the hashrate is 0 can someone help me?

I have a 7950 and my config is:

Code:

ultracoinminer -o stratum+tcp://ultra.nitro.org:4337 -u xxx.xxx -p xxx--scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -w 512 --thread-concurrency 24000 -I 19 -g 1

Do you have a space between your password and --scrypt-jane?   It seems your hashing as scrypt right now.  That or your start time is wrong, I'll check that, but I doubt you randomly put a number in there.  

Yes, I have the space but when i was changing the password for xxx I deleted it.

I get the config from http://ultra2.nitro.org/index.php

Edit: Now I am getting also HW errors with this config.

[TheStuhlman]

I am mining in http://ultra2.nitro.org/ but the hashrate is 0 can someone help me?

I have a 7950 and my config is:

Code:

ultracoinminer -o stratum+tcp://ultra.nitro.org:4337 -u xxx.xxx -p xxx--scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -w 512 --thread-concurrency 24000 -I 19 -g 1

Do you have a space between your password and --scrypt-jane?   It seems your hashing as scrypt right now.  That or your start time is wrong, I'll check that, but I doubt you randomly put a number in there.  

Yes, I have the space but when i was changing the password for xxx I deleted it.

I get the config from http://ultra2.nitro.org/index.php

Edit: Now I am getting also HW errors with this config.

use the config for 7950 cards, not other cards, also restart your machine as well you might have crashed your card with the wrong config.

[batty634]

try -w 256 -g 2 -I 12 --thread-concurrency 16384 --no-submit-stale --expiry 10 --scan-time 1 --queue 0

the correct settings for a 7950 from the link you posted