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

[ivanlabrie]

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coin or something like vertcoin which attracted all the farm dudes of the world (they are all lazy and have tons of outdated hardware at their disposal).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

People will need to learn how to tweak the miner for their gpus, most people are lazy, and super high end gpus are not as fast as they are with lower n factors, whereas lower end hardware fares a little better.

What better than that for descentralization of the hash rate?

EDIT: best settings for a 7950 using yacminer 3.5:

yacminer.exe -o stratum+tcp://whatever:3333 -u ivanlabrie.1 -p x --scrypt-chacha --nfmin 4 --nfmax 30 --starttime 1388361600 --no-submit-stale --expiry 10 --scan-time 1 --queue 0 --gpu-engine 0-1100 --gpu-memclock 1500 --gpu-fan 0-100 --temp-target 75 --temp-cutoff 100 --temp-overheat 90 --auto-gpu --auto-fan --rawintensity 7168 --buffer-size 2560 -g 1 -w 256 --lookup-gap 2

https://github.com/Thirtybird/YACMiner/releases

[albertocp]

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

I tried this and I get the same problems, HW error and the pool don't show hashrate.

[cointradero]

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

I tried this and I get the same problems, HW error and the pool don't show hashrate.

How much RAM does your system have?

[albertocp]

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

I tried this and I get the same problems, HW error and the pool don't show hashrate.

How much RAM does your system have?

I have 8GB

[Beave162]

You guys seem to want UTC to:
-Drive away miners

YACoin HEAVILY favors miners. The issue now-a-days is that a lot of miners mine and dump (for bitcoin), not mine and hold. Why mine a coin and hold on to it when there are 10 other similar coins which could each be the most profitable at some point within a 24-hour period?

-Perpetually loose value rather than increase

So you are predicting the future now? Based simply off of a price chart? Really? I assume you mean the value per coin compared to bitcoin, but I also assume you aren't intelligent enough to think beyond that understanding. I love how you throw "perpetually" in there btw.

-Run N factors that are resistant to devices that won't be produced for years if not a decade. (n 14-15)

Ok now you are saying being ASIC resistant is a bad thing? But... I thought... Is this real life?

-have no long-term network security

What how?



Look, even you can understand this simple anecdote:

John invests thousands in GPU mining rigs. ASICs come along and make his GPU farm not worth it to mine that coin. John then thinks to himself, "Hmmmm someone should make a NEW coin that makes my rigs profitable again!" Loyalty tends to be with the rig and not the coin. It is called laziness--among other descriptors. It is not "we need a coin for the little guy!"

NFactor changes have that effect. Your mining rig at N=11 will not be the most profitable rig at N=15. You can either:

A) Invest in the long-term viability of the coin. Maybe sell your cards and use that money to buy the most profitable gpus.
B) Create another coin that favors your already established rig setup
C) Change the rules in the middle of the game that favors your already established rig setup

UTC has chosen C unfortunately.

YACoin has already experienced this and the community did not choose C... I call it liquidation of malinvestment. It is a good thing in the long run. How do I know this? YACoin has the absolute best community ever. It is scary to think the potential of a coin which attracts the best of the best. It is now the FIRST coin to implement 'checkbox' proof of stake mining among other improved stake mining features. No more of the ridiculous, type in non-self-explanatory code in the debug console window BS. It is a struggle to bring "user-friendly" into crypto, and it is much more so with POW/POS hybrids with NFactor, but it.is.happening.

[bumface]

Maybe somebody can code a program that gives you the values and automaticly compensates for N factor changes? or would this be a giant coding job?

[dcgirl]

Maybe somebody can code a program that gives you the values and automaticly compensates for N factor changes? or would this be a giant coding job?

automatically gives you what values? like changes your configuration/settings based on n factor?

[bumface]

Maybe somebody can code a program that gives you the values and automaticly compensates for N factor changes? or would this be a giant coding job?

automatically gives you what values? like changes your configuration/settings based on n factor?

yeah for example i say i have a r7950, and it provides my with my settings every time the N factor changes

[albertocp]

Maybe somebody can code a program that gives you the values and automaticly compensates for N factor changes? or would this be a giant coding job?

automatically gives you what values? like changes your configuration/settings based on n factor?

yeah for example i say i have a r7950, and it provides my with my settings every time the N factor changes

Could you put your config?

[bumface]

Maybe somebody can code a program that gives you the values and automaticly compensates for N factor changes? or would this be a giant coding job?

automatically gives you what values? like changes your configuration/settings based on n factor?

yeah for example i say i have a r7950, and it provides my with my settings every time the N factor changes

Could you put your config?

i mean as an ultracoin service

[albertocp]

no one knows why I can't mine?

[Beave162]

Maybe somebody can code a program that gives you the values and automaticly compensates for N factor changes? or would this be a giant coding job?

automatically gives you what values? like changes your configuration/settings based on n factor?

yeah for example i say i have a r7950, and it provides my with my settings every time the N factor changes

Could you put your config?

i mean as an ultracoin service

Like an autotune? Which will account for NFactor as it will have to readjust to find new optimal settings? Gosh that would be nice huh...

[batty634]

no one knows why I can't mine?

post your current config settings and your rig details

[albertocp]

no one knows why I can't mine?

post your current config settings and your rig details

My pc:
AMD FX 8320
G.Skill 2x4GB RAM DDR3 1866mhz
Shappire Radeon HD 7950

The config:

Code:

ultracoinminer -o stratum+tcp://ultra.nitro.org:4337 -u x.x -p x --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -w 256 -g 2 -I 12 --thread-concurrency 16384 --no-submit-stale --expiry 10 --scan-time 1 --queue 0

[dcgirl]

Maybe somebody can code a program that gives you the values and automaticly compensates for N factor changes? or would this be a giant coding job?

automatically gives you what values? like changes your configuration/settings based on n factor?

yeah for example i say i have a r7950, and it provides my with my settings every time the N factor changes

Could you put your config?

i mean as an ultracoin service

yes that could be done. might be better to generate conf files on the website - enter your config, display the proper settings. easy to set up and maintain, doesn't have to be distributed.

[cointradero]

Maybe somebody can code a program that gives you the values and automaticly compensates for N factor changes? or would this be a giant coding job?

automatically gives you what values? like changes your configuration/settings based on n factor?

yeah for example i say i have a r7950, and it provides my with my settings every time the N factor changes

Could you put your config?

i mean as an ultracoin service

yes that could be done. might be better to generate conf files on the website - enter your config, display the proper settings. easy to set up and maintain, doesn't have to be distributed.

In theory, it would work.  Certainly for single card.  I don't think all the rules always hold true when you get up to 4 card rigs though.  I think through at least 2 cards, most things stay consistent rig to rig in most cases, though. 

[ivanlabrie]

Maybe somebody can code a program that gives you the values and automaticly compensates for N factor changes? or would this be a giant coding job?

automatically gives you what values? like changes your configuration/settings based on n factor?

yeah for example i say i have a r7950, and it provides my with my settings every time the N factor changes

Could you put your config?

i mean as an ultracoin service

yes that could be done. might be better to generate conf files on the website - enter your config, display the proper settings. easy to set up and maintain, doesn't have to be distributed.

I think it'll work for multi gpu setups as well...just have a 64bit OS and enough ram, say 8gb-16gb.

I actually know how to tweak for each N factor thanks to Thirtybird, the yacminer developer.
His readme cover this perfectly fine.

[batty634]

@ albert, still connected to nitro 1

stratum+tcp://ultra2.nitro.org:4337

edit the conf bat file with above address, save. Delete your bin file and start again  

[Wirly]

no one knows why I can't mine?

post your current config settings and your rig details

My pc:
AMD FX 8320
G.Skill 2x4GB RAM DDR3 1866mhz
Shappire Radeon HD 7950

The config:

Code:

ultracoinminer -o stratum+tcp://ultra.nitro.org:4337 -u x.x -p x --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -w 256 -g 2 -I 12 --thread-concurrency 16384 --no-submit-stale --expiry 10 --scan-time 1 --queue 0

Ok Albert, first your config is for nitro.org pool but you are looking on nitro2.org pool. for results. Completely different pools.
First shut your rig down, by that I mean kill the power completely and wait a bit before restarting. The drivers need a reset.
Is your dual bios switch on the card on (lit up blue) or off (no light). The blue light needs to be on for those config settings to work. Also add some parameters for that card. --gpu-engine 1040, --gpu-memclock 1250 is enough. Also set a --gpu-temp about 72. If this does not get you hashing near 100kh/s then add look up gap 3 and should give you about 70kh/s

[TheStuhlman]

@ albert, still connected to nitro 1

stratum+tcp://ultra2.nitro.org:4337

edit the conf bat file with above address, save. Delete your bin file and start again  

Actually he is connected to nitro2 the URL does not make a difference only the port. But I think he needs to drop intensity to 11 as his card is generating hardware errors only. Not sure about the specifics of his card, but some 7950's are not like other 7950's this seems weird but it's true. My sapphire 7950's have outperformed my HIS 7950's for some reason on the same settings.