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

[bret]

So what you want is plug and play mining? That's ASIC mining, go buy an ASIC and join the arms race, plenty of coins, including scrypt are going in that direction. Why does UTC need to follow that pattern to succeed? Some difficulty in setup, some in-depth knowledge of how the mining software works, a little elbow grease are contributing to the barrier of entry into mining this coin. If you break down all the barriers any joe with a large amount of money can setup a massive mining operation and make your GPU rigs useless. That is what ASIC mining does, it allows joe business man to be profitable with little to no barrier to entry (aside from the cash of course).

Being ASIC resistant means more than the literal. It means leaving the mining up to dedicated miners who want to make UTC mining their passion and hobby and not just their livelihood. It means keeping big business out of mining, keeping mining difficult to inhibit large plug and play mining operations. If someone wants to make a large UTC mining operation they are going to have to get their hands dirty and be an experienced miner.

I thought that is one of the principals of this coin, keeping the mining operation from becoming an arms race and centralized by the few elite.

[KingCole]

Anyone else having problems with Leetpools? Mining is ok and submitting shares but I can't access the web pages

KC

[ivanlabrie]

So what you want is plug and play mining? That's ASIC mining, go buy an ASIC and join the arms race, plenty of coins, including scrypt are going in that direction. Why does UTC need to follow that pattern to succeed? Some difficulty in setup, some in-depth knowledge of how the mining software works, a little elbow grease are contributing to the barrier of entry into mining this coin. If you break down all the barriers any joe with a large amount of money can setup a massive mining operation and make your GPU rigs useless. That is what ASIC mining does, it allows joe business man to be profitable with little to no barrier to entry (aside from the cash of course).

Being ASIC resistant means more than the literal. It means leaving the mining up to dedicated miners who want to make UTC mining their passion and hobby and not just their livelihood. It means keeping big business out of mining, keeping mining difficult to inhibit large plug and play mining operations. If someone wants to make a large UTC mining operation they are going to have to get their hands dirty and be an experienced miner.

I thought that is one of the principals of this coin, keeping the mining operation from becoming an arms race and centralized by the few elite.

Big +1

[kahir]

soo i can't simple mine this ..... main pool with hashpower closed for new users ... another pools got 1% or 3% of hashpower .....

[thaitunhi1606]

Nitro 1 need change PORT(after only share PORT for 2 hours) --> help --> falls below 50%.
Because everybody must fix config to run.

[bret]

soo i can't simple mine this ..... main pool with hashpower closed for new users ... another pools got 1% or 3% of hashpower .....

It takes some reading, asking around and general experimentation to get your rigs setup just right. That is part of the fun of mining. The pool problem is being addressed, solutions will be in place, but it's going to take a little bit of time.

[Beave162]

there are about 50% less miners on NITRO since 1-2 weeks ago..

There is no "easy guide" on the main page to help new miners getting started.  so no wonder there are no new miners and many are leaving cause of the retarded n factor that changes every 2 weeks..

Hell, I even decided to try YACminer to see if I get better hash with it, but it doesnt work..
took the settings from here - http://www.ultracoin.net/configgen_raw.html
using win8.1 64bit 16GB 280X with this command:
yacminer --scrypt-chacha --worksize 128 -g 1 --lookup-gap 3 --buffer-size 2590 -R 7680 -o stratum+tcp://ultra.nitro.org:3337 -u xxxxxxxx -p xxxxxxx --nfmin 4 --nfmax 30 --starttime 1388361600

It doesn't work how? What happens?

The problem isn't the 'retarded n factor'. The n factor keeps the ASICS away LONG TERM. I don't understand the mindset of the complaints on here. The way I see it, you invested in a litecoin mining rig, and for some reason, you do not want to part with that piece of hardware, so you are trying to squeeze as much as you can out of it. It isn't that you dislike asics and the centralized, corrupt nature of the asic compaines, but rather, you envy the asics.  Just buy a bitcoin miner on ebay or something and stay away from altcoins then...

[mishax1]

there are about 50% less miners on NITRO since 1-2 weeks ago..

There is no "easy guide" on the main page to help new miners getting started.  so no wonder there are no new miners and many are leaving cause of the retarded n factor that changes every 2 weeks..

Hell, I even decided to try YACminer to see if I get better hash with it, but it doesnt work..
took the settings from here - http://www.ultracoin.net/configgen_raw.html
using win8.1 64bit 16GB 280X with this command:
yacminer --scrypt-chacha --worksize 128 -g 1 --lookup-gap 3 --buffer-size 2590 -R 7680 -o stratum+tcp://ultra.nitro.org:3337 -u xxxxxxxx -p xxxxxxx --nfmin 4 --nfmax 30 --starttime 1388361600

It doesn't work how? What happens?

The problem isn't the 'retarded n factor'. The n factor keeps the ASICS away LONG TERM. I don't understand the mindset of the complaints on here. The way I see it, you invested in a litecoin mining rig, and for some reason, you do not want to part with that piece of hardware, so you are trying to squeeze as much as you can out of it. It isn't that you dislike asics and the centralized, corrupt nature of the asic compaines, but rather, you envy the asics.  Just buy a bitcoin miner on ebay or something and stay away from altcoins then...

I run the .bat file and the miner just closes the second it starts.

[jakiman]

there are about 50% less miners on NITRO since 1-2 weeks ago..

There is no "easy guide" on the main page to help new miners getting started.  so no wonder there are no new miners and many are leaving cause of the retarded n factor that changes every 2 weeks..

Hell, I even decided to try YACminer to see if I get better hash with it, but it doesnt work..
took the settings from here - http://www.ultracoin.net/configgen_raw.html
using win8.1 64bit 16GB 280X with this command:
yacminer --scrypt-chacha --worksize 128 -g 1 --lookup-gap 3 --buffer-size 2590 -R 7680 -o stratum+tcp://ultra.nitro.org:3337 -u xxxxxxxx -p xxxxxxx --nfmin 4 --nfmax 30 --starttime 1388361600

It doesn't work how? What happens?

The problem isn't the 'retarded n factor'. The n factor keeps the ASICS away LONG TERM. I don't understand the mindset of the complaints on here. The way I see it, you invested in a litecoin mining rig, and for some reason, you do not want to part with that piece of hardware, so you are trying to squeeze as much as you can out of it. It isn't that you dislike asics and the centralized, corrupt nature of the asic compaines, but rather, you envy the asics.  Just buy a bitcoin miner on ebay or something and stay away from altcoins then...

I run the .bat file and the miner just closes the second it starts.

That means there is a syntax (typo) error or your file path to yacminer is wrong.
Make sure your -u & -p are correct for the pool that you are trying to mine with also. They aren't xxxxxxxx are they?
Do you have an account with "ultra.nitro.org" also?

[bumface]

Awesome promo video!

https://www.youtube.com/watch?v=NkR0SNHITxA&feature=youtu.be

[jakiman]

Awesome promo video!

https://www.youtube.com/watch?v=NkR0SNHITxA&feature=youtu.be

That's really good! 

Isn't Ultraman copyrighted though?
http://en.wikipedia.org/wiki/Ultraman

[bumface]

NItro hashrate is becoming healthyer! good job guys, keep it going

[TheStuhlman]

NItro hashrate is becoming healthyer! good job guys, keep it going

will shut it down for 2 more hours.
hopefully miners get the message.


Edit: Nitro is now shut down for 2 hours, spread the hash.

[bret]

Thanks to everyone that has donated to http://utcchain.info/ so far. This community is great! I'll be updating the site and this thread with progress as it goes (unless it is more beneficial to make a new thread? or keep it strictly to the site?).

[BerserkU]

NItro hashrate is becoming healthyer! good job guys, keep it going

Long way to go yet

Shame the next biggest pool could be one of the others (not nitro2)

GET ON ULTRA.LEET pool

[fabietech]

Thanks to everyone that has donated to http://utcchain.info/ so far. This community is great! I'll be updating the site and this thread with progress as it goes (unless it is more beneficial to make a new thread? or keep it strictly to the site?).

200 UTC donation coming right up!! everything for UTC coin!!

[bumface]

Thanks to everyone that has donated to http://utcchain.info/ so far. This community is great! I'll be updating the site and this thread with progress as it goes (unless it is more beneficial to make a new thread? or keep it strictly to the site?).

200 UTC donation coming right up!! everything for UTC coin!!

the C in UTC means coin ,so you said ultracoin coin 

[ultrasmart]

Who is selling .0006-0007 UTC?...  If you are, please enlighten me as to what reasons you might have for doing so.  What is it about this coin that makes people afraid to hold on to it?  Maybe the answer would help shed some light on the downtrend. 

Perhaps many sold this weekend to buy BC.  Why is BC rising and UTC dropping.  Is it a better coin? Better community? Better marketing?  Very curious to see responses from the community.

[bret]

Thanks to everyone that has donated to http://utcchain.info/ so far. This community is great! I'll be updating the site and this thread with progress as it goes (unless it is more beneficial to make a new thread? or keep it strictly to the site?).

200 UTC donation coming right up!! everything for UTC coin!!

Awesome, thank you!

I would like to get some feedback from the community on features they would like to see in version 1 of the block explorer. Any and all feedback is welcome.

[gaddo]

can some one please post how to correctly set up a bat file with a failover for yac miner
i have one that i kinda moved over from cgminer but it does not work if you have one that work on yac just post the bat file minus your user/password ect thanks