[Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions!

[Kracko]

One of the crons was not running.  It's catching up on the backlog now.

Haven't received a single payment from utc2.tumblingblock.com for more than 6 hours now. Normally the payments happen twice every hour. Kracko please check the issue. I have stopped all auto payments from my accounts.

[1715000254]

1715000254

[1715000254]

1715000254

[fabietech]

+1
Wish you a great success

good luck, hope it all goes well 

and thankyou for all the effort you put into UTC.

UTC4EVA 

\

Thank you for the update .

Wish a lot of success for Ultracoin at the convention  !!!!!!!!!

Hey guys, sorry about the late reply. Tomorrow marks the beginning of the North American Bitcoin Conference, one of the largest and most esteemed cryptocurrency conventions in the world. Last year at Hashers United, there was an attendance of a number of high profile developers, entrepreneurs and key players in the cryptocurrency community and about 200 attendee's. This years conference is much larger, and blows with over 2,000 people set to attend, with heavy press from large press outlets such as Forbes, the Bitcoinist, amongst many others. We will be setting up a table this for the conference tomorrow and preaching the gospel of Ultracoin to all 2,000 attendee's present! We will also be using this opportunity for networking and reaching out to the many vendors for potential partnerships. Exposing Ultracoin at a premiere event like this will surely stir the pot, we are packing new marketing material, Ultracoin paper wallets and tons of t-shirts. We hope to see some of you out there if you are in the South Florida area or around the city!

Also, this is very cool, someone is making Ultracoin poker chips. I ordered a couple for myself, not bad!



Check out http://cryptochips.net/ for more information on how to order yours.

Sincerely,

Steven "Rapture"
Management Director
Steven@Ultracoin.net
Ultracoin

Big fan of poker, im getting some of this chips ! love the news from the conference Steven where looking forward to some good things

[Kracko]

As you are probably aware NFactor 15 is coming soon.  It will happen at approximately Jan 22nd around 8:50am UTC

Keep an eye on the forums for recommended settings for your hardware at the new nFactor once it hits.  We'll all be adjusting.

For nVidia folk using cudaminer, I recommend autotuning using the algorithm of scrypt-jane:15 and -L 4 for a lookup gap of 4.  You may be able to get a better rate at higher lookup gaps, but it will take significantly longer to find the best settings for your card using autotune and the higher gaps tend to cost you more power as the GPU is worked harder to compensate for less memory.  Seems like the powers of 2 work the best for the lookup gap and 4 is about the same as 8 as far as cudaminer at NF14, it's just 8 takes more wattage.  The 970s+ with 4GB of graphics memory may fare better at lower lookup gaps.  Can't hurt to try gaps 2-8 in an autotune.

Yacminer folks may have to redo their settings if they will not work with the NF14 memory requirements.  Experienced ATI folk yacminers or otherwise, please keep an eye on the forum.  You could really help by sharing your expertise and your settings once you've mostly dialed it in after some experimenting.  Fortunately for us our Yacoin brothers have been through this already and it is relatively easy to dig up settings with some Googling.

And please don't get hung up on the lower hashrate; it's going to be lower for everyone else too.  Keep an eye on the your earning rate at the newer level.  The same amount of UTC/hr will be rewarded overall for proof of work, but those with the higher GPU memory sizes (4GB+) will benefit more at the higher nFactors than those with (<=2GB).  And again, higher lookup gaps will add more benefit as the memory requirements go up.

[volyova]

Like i told before ultracoin is dead ...nothing more nothing less

Can't you go and be a dick somewhere else? You aren't wanted here.. 

[Official Ultracoin Team]

Hello Ultracoin Community Members,

I just wanted to give you all a recap of the North American Bitcoin Conference and lay down some of my predictions for the future moving forward. The North American Bitcoin Conference in Miami, FL this past weekend was an excellent opportunity to network with those on the cutting edge of the cryptocurrency industry. I had the pleasure to speak with many in the industries most elite, including the folks from Bitpay, Shapeshift, Storjo.io, Airbitz, Final Hash, Casheer as well as others. I also had the opportunity to reach out to many miners, gave away t-shirts and marketing material, and spoke about the coin.

I believe our largest areas of opportunity as of now are with Final Hash, Casheer and Shapeshift. Shapeshift.io is a revolutionary new cryptocurrency website that charges 0% fee's and operates on completely anonymous transactions. Speaking with a few members of their team about Ultracoin acceptance seemed promising. They told me that as long as their is demand (between 10-15BTC per day trade volume) they would highly consider putting Ultracoin on their exchange. Shapeshift is BIG, and it would put Ultracoin back on the map. The only issue is getting our volume back up to those levels we've enjoyed previously.

The Casheer app would also be a huge plus for Ultracoin, as it is a mobile payments application similar to coinpayments.net but on the go. They are a Miami based company and are thus close to my general area, I spoke with their CEO and we are looking to get together sometime soon to speak about Ultracoin integration. I believe that this may be good opportunity for gaining adoption, especially in the Miami area, which I will be able to easily represent us in. The Casheer app launched this week.

We have an existing relationship with the folks over at Final Hash, they are the team who setup and invited us to Las Vegas for Hasher's United back in October. Back in Las Vegas, I had the opportunity to check out their NFC technology for Bitcoin. The coins they produce are slim metal coins with the Bitcoin logo stamped on to one side, and a sticker of the logo on the NFC side along with custom wording along the ridge. These physical coins are to be used as cold storage for Bitcoin and compatible with smart phones to be used with a proprietary Bitcoin wallet that allows the transfer of Bitcoin into the cold storage. These same coins can be used for Ultracoin as a white labeled product. We are also speaking with Final Hash to aid us in mass adoption.

Speaking of cold storage, I will be working on creating custom wallets for Ultracoin that fit on PVC plastic, just like your ID or credit card. I will be launching prototypes soon.

Lastly, I have two potential candidates setup for the development team that me and Kracko will be interviewing them this weekend. I believe these candidates have a lot of great potential as well as the experience and passion for cryptocurrency that is necessary to take us where we need to go. We plan on expanding our team further in the future.

P.S. I plan on having a community meeting this upcoming Sunday, January 25th, at 6:00PM Eastern Standard Time (Convert to your local timezone here: http://www.timeanddate.com/worldclock/converter.html). The meeting will be held on http://webchat.freenode.net/, sign into the room Ultracoin.

Let's continue to work hard and make 2015 the year for Ultracoin,

Sincerely,

Steven "Rapture"
Management Director
Steven@Ultracoin.net
Ultracoin

[jacobshm]

according to coinmarketcap, we have 2btc daily volume across all exchanges. anybody have ideas how we can increase that 5X-7X short of manipulation? Not really sure what another exchange will give us, we are already on some good ones...

The Cahseer app sounds promising though, also new devs

good luck

[Marnie1976]

Haha dickhead ultrader is speaking again!
Did you bastard noticed everything is down?
The golden BTC, the silver LTC and most of the altcoins .... do you think they are also dead

I have believe that all will go up including UTC.
So I have faith, patience and time !

Like i told before ultracoin is dead ...nothing more nothing less

Can't you go and be a dick somewhere else? You aren't wanted here..  

[Beave162]

We have an existing relationship with the folks over at Final Hash, they are the team who setup and invited us to Las Vegas for Hasher's United back in October. Back in Las Vegas, I had the opportunity to check out their NFC technology for Bitcoin. The coins they produce are slim metal coins with the Bitcoin logo stamped on to one side, and a sticker of the logo on the NFC side along with custom wording along the ridge. These physical coins are to be used as cold storage for Bitcoin and compatible with smart phones to be used with a proprietary Bitcoin wallet that allows the transfer of Bitcoin into the cold storage. These same coins can be used for Ultracoin as a white labeled product. We are also speaking with Final Hash to aid us in mass adoption.

What does this mean? Final Hash just bought a bunch of coins from http://www.graywaterops.com/. It is simply an NFC chip imbedded in a coin. I can order whatever I want and put whatever design I want on it. All you do is use it to store the public and/or private key on it, ie a string of characters.

[usukan]

@Kracko

Is this what happened to the hashrate? NF15 effect?

http://www.coinwarz.com/network-hashrate-charts/ultracoin-network-hashrate-chart

As you are probably aware NFactor 15 is coming soon.  It will happen at approximately Jan 22nd around 8:50am UTC

Keep an eye on the forums for recommended settings for your hardware at the new nFactor once it hits.  We'll all be adjusting.

For nVidia folk using cudaminer, I recommend autotuning using the algorithm of scrypt-jane:15 and -L 4 for a lookup gap of 4.  You may be able to get a better rate at higher lookup gaps, but it will take significantly longer to find the best settings for your card using autotune and the higher gaps tend to cost you more power as the GPU is worked harder to compensate for less memory.  Seems like the powers of 2 work the best for the lookup gap and 4 is about the same as 8 as far as cudaminer at NF14, it's just 8 takes more wattage.  The 970s+ with 4GB of graphics memory may fare better at lower lookup gaps.  Can't hurt to try gaps 2-8 in an autotune.

Yacminer folks may have to redo their settings if they will not work with the NF14 memory requirements.  Experienced ATI folk yacminers or otherwise, please keep an eye on the forum.  You could really help by sharing your expertise and your settings once you've mostly dialed it in after some experimenting.  Fortunately for us our Yacoin brothers have been through this already and it is relatively easy to dig up settings with some Googling.

And please don't get hung up on the lower hashrate; it's going to be lower for everyone else too.  Keep an eye on the your earning rate at the newer level.  The same amount of UTC/hr will be rewarded overall for proof of work, but those with the higher GPU memory sizes (4GB+) will benefit more at the higher nFactors than those with (<=2GB).  And again, higher lookup gaps will add more benefit as the memory requirements go up.

[jacobshm]

It probably happened when nobody could connect to bitcointalk to ask what happened to their miners, did everybody know about nf15? I know kracko posted it a few days ago..

@Kracko

Is this what happened to the hashrate? NF15 effect?

http://www.coinwarz.com/network-hashrate-charts/ultracoin-network-hashrate-chart

As you are probably aware NFactor 15 is coming soon.  It will happen at approximately Jan 22nd around 8:50am UTC

Keep an eye on the forums for recommended settings for your hardware at the new nFactor once it hits.  We'll all be adjusting.

For nVidia folk using cudaminer, I recommend autotuning using the algorithm of scrypt-jane:15 and -L 4 for a lookup gap of 4.  You may be able to get a better rate at higher lookup gaps, but it will take significantly longer to find the best settings for your card using autotune and the higher gaps tend to cost you more power as the GPU is worked harder to compensate for less memory.  Seems like the powers of 2 work the best for the lookup gap and 4 is about the same as 8 as far as cudaminer at NF14, it's just 8 takes more wattage.  The 970s+ with 4GB of graphics memory may fare better at lower lookup gaps.  Can't hurt to try gaps 2-8 in an autotune.

Yacminer folks may have to redo their settings if they will not work with the NF14 memory requirements.  Experienced ATI folk yacminers or otherwise, please keep an eye on the forum.  You could really help by sharing your expertise and your settings once you've mostly dialed it in after some experimenting.  Fortunately for us our Yacoin brothers have been through this already and it is relatively easy to dig up settings with some Googling.

And please don't get hung up on the lower hashrate; it's going to be lower for everyone else too.  Keep an eye on the your earning rate at the newer level.  The same amount of UTC/hr will be rewarded overall for proof of work, but those with the higher GPU memory sizes (4GB+) will benefit more at the higher nFactors than those with (<=2GB).  And again, higher lookup gaps will add more benefit as the memory requirements go up.

[rapture333]

@Kracko

Is this what happened to the hashrate? NF15 effect?

http://www.coinwarz.com/network-hashrate-charts/ultracoin-network-hashrate-chart

As you are probably aware NFactor 15 is coming soon.  It will happen at approximately Jan 22nd around 8:50am UTC

Keep an eye on the forums for recommended settings for your hardware at the new nFactor once it hits.  We'll all be adjusting.

For nVidia folk using cudaminer, I recommend autotuning using the algorithm of scrypt-jane:15 and -L 4 for a lookup gap of 4.  You may be able to get a better rate at higher lookup gaps, but it will take significantly longer to find the best settings for your card using autotune and the higher gaps tend to cost you more power as the GPU is worked harder to compensate for less memory.  Seems like the powers of 2 work the best for the lookup gap and 4 is about the same as 8 as far as cudaminer at NF14, it's just 8 takes more wattage.  The 970s+ with 4GB of graphics memory may fare better at lower lookup gaps.  Can't hurt to try gaps 2-8 in an autotune.

Yacminer folks may have to redo their settings if they will not work with the NF14 memory requirements.  Experienced ATI folk yacminers or otherwise, please keep an eye on the forum.  You could really help by sharing your expertise and your settings once you've mostly dialed it in after some experimenting.  Fortunately for us our Yacoin brothers have been through this already and it is relatively easy to dig up settings with some Googling.

And please don't get hung up on the lower hashrate; it's going to be lower for everyone else too.  Keep an eye on the your earning rate at the newer level.  The same amount of UTC/hr will be rewarded overall for proof of work, but those with the higher GPU memory sizes (4GB+) will benefit more at the higher nFactors than those with (<=2GB).  And again, higher lookup gaps will add more benefit as the memory requirements go up.

NF15 is going to lower the net hashrate, so it is only relative to the amount of miners on the network as before. However, we did lose some miners since Bitcointalk wen't down, it was bad timing. We should start to recover now that we are back online. Remember to update your miners for the switch to NF15, please visit cfg.ultracoin.net or the help section of any of the official pools to find the configuration generator for your equipment that is compatible with NF15. If you have any questions, please e-mail Steven@Ultracoin.net or post here on the forum or Ultracointalk.

Regards,

Steven "Rapture"

[Kracko]

Bitcointalk picked the perfect time to go down, right?

Indeed it is the NF15 affecting the hashrate.  I am currently getting just over a 1/3 of the hashrate that I was before with my 750ti rig.  After about an hour of fiddling with settings I'm at 1.1-1.25 khash/sec per 750ti, still using a lookup gap of 4.  I didn't seem to gain anything when I tried an autotune with a lookup gap of 8.  I still recommend trying autotune with nvidia.

Code:

cudaminer -a scrypt-jane:15 -l auto -L 4 -D -o stratum+tcp://pool.address.com -O user:pass

Here is an example setting that I am currently using with my 6x 750ti rig:

Code:

cudaminer --algo=scrypt-jane:15 -L 4 -D -l t19x5,t75x1,t76x1,t38x2,t5x16,t40x2 -b 1024 -o stratum+tcp://utc2.tumblingblock.com:5555 -O user:pass

Setting the algorithm to scrypt-jane:UTC will not work with autotune does not appear to use the modifier in autotune, use scrypt-jane:15 instead.  As long as you have enough power going to your cards and haven't overclocked them to where stability is an issue, it should be able to run through completion.

ATI folks, check out http://cfg.ultracoin.net to get a baseline setting for your hardware to work off of.

Try not to get discouraged that your hardware seems less efficient than it was before.  Everyone else is going through the same thing and the blocks will continue to be minted at the same rate and those mining will generally get the same share of the total as before.   Those with graphics cards that have more memory will experience slightly more of an edge.

@Kracko

Is this what happened to the hashrate? NF15 effect?

http://www.coinwarz.com/network-hashrate-charts/ultracoin-network-hashrate-chart

As you are probably aware NFactor 15 is coming soon.  It will happen at approximately Jan 22nd around 8:50am UTC

Keep an eye on the forums for recommended settings for your hardware at the new nFactor once it hits.  We'll all be adjusting.

For nVidia folk using cudaminer, I recommend autotuning using the algorithm of scrypt-jane:15 and -L 4 for a lookup gap of 4.  You may be able to get a better rate at higher lookup gaps, but it will take significantly longer to find the best settings for your card using autotune and the higher gaps tend to cost you more power as the GPU is worked harder to compensate for less memory.  Seems like the powers of 2 work the best for the lookup gap and 4 is about the same as 8 as far as cudaminer at NF14, it's just 8 takes more wattage.  The 970s+ with 4GB of graphics memory may fare better at lower lookup gaps.  Can't hurt to try gaps 2-8 in an autotune.

Yacminer folks may have to redo their settings if they will not work with the NF14 memory requirements.  Experienced ATI folk yacminers or otherwise, please keep an eye on the forum.  You could really help by sharing your expertise and your settings once you've mostly dialed it in after some experimenting.  Fortunately for us our Yacoin brothers have been through this already and it is relatively easy to dig up settings with some Googling.

And please don't get hung up on the lower hashrate; it's going to be lower for everyone else too.  Keep an eye on the your earning rate at the newer level.  The same amount of UTC/hr will be rewarded overall for proof of work, but those with the higher GPU memory sizes (4GB+) will benefit more at the higher nFactors than those with (<=2GB).  And again, higher lookup gaps will add more benefit as the memory requirements go up.

[Youghoor]

according to coinmarketcap, we have 2btc daily volume across all exchanges. anybody have ideas how we can increase that 5X-7X short of manipulation? Not really sure what another exchange will give us, we are already on some good ones...

The Cahseer app sounds promising though, also new devs

good luck

Yes we have 2btc daily volume and it will be more soon.

[barbados-fs]

Hello everyone. What should be the result at  R9 280x and R9 270x?

[Beave162]

NF15 is going to lower the net hashrate, so it is only relative to the amount of miners on the network as before.

This... This is a concept a lot of people are simply unable to grasp. They look at their hashrate drop by over half, and just assume that they are making less than half in UTC as they were making before. Why do people not understand that hashrate is relative? I do not know. It will have to be reiterated I'm sure.

[barbados-fs]

R9 280x  - 1.17kH/s  Okay?

[king_pin]

I see that ATI cards get around 4 times less than on NF14, but NVIDIA cards go down only 3 times in hashrate, damn wish I had more Nvidias
280X - 1,2 kH/s is OK
290 - 1,4 kH/s is OK

[barbados-fs]

280X - 1,2 kH/s is OK

What settings?

[SecretsOfCrypto]

Hello Ultracoin Community Members,

I just wanted to give you all a recap of the North American Bitcoin Conference and lay down some of my predictions for the future moving forward. The North American Bitcoin Conference in Miami, FL this past weekend was an excellent opportunity to network with those on the cutting edge of the cryptocurrency industry. I had the pleasure to speak with many in the industries most elite, including the folks from Bitpay, Shapeshift, Storjo.io, Airbitz, Final Hash, Casheer as well as others. I also had the opportunity to reach out to many miners, gave away t-shirts and marketing material, and spoke about the coin.

I believe our largest areas of opportunity as of now are with Final Hash, Casheer and Shapeshift. Shapeshift.io is a revolutionary new cryptocurrency website that charges 0% fee's and operates on completely anonymous transactions. Speaking with a few members of their team about Ultracoin acceptance seemed promising. They told me that as long as their is demand (between 10-15BTC per day trade volume) they would highly consider putting Ultracoin on their exchange. Shapeshift is BIG, and it would put Ultracoin back on the map. The only issue is getting our volume back up to those levels we've enjoyed previously.

The Casheer app would also be a huge plus for Ultracoin, as it is a mobile payments application similar to coinpayments.net but on the go. They are a Miami based company and are thus close to my general area, I spoke with their CEO and we are looking to get together sometime soon to speak about Ultracoin integration. I believe that this may be good opportunity for gaining adoption, especially in the Miami area, which I will be able to easily represent us in. The Casheer app launched this week.

We have an existing relationship with the folks over at Final Hash, they are the team who setup and invited us to Las Vegas for Hasher's United back in October. Back in Las Vegas, I had the opportunity to check out their NFC technology for Bitcoin. The coins they produce are slim metal coins with the Bitcoin logo stamped on to one side, and a sticker of the logo on the NFC side along with custom wording along the ridge. These physical coins are to be used as cold storage for Bitcoin and compatible with smart phones to be used with a proprietary Bitcoin wallet that allows the transfer of Bitcoin into the cold storage. These same coins can be used for Ultracoin as a white labeled product. We are also speaking with Final Hash to aid us in mass adoption.

Speaking of cold storage, I will be working on creating custom wallets for Ultracoin that fit on PVC plastic, just like your ID or credit card. I will be launching prototypes soon.

Lastly, I have two potential candidates setup for the development team that me and Kracko will be interviewing them this weekend. I believe these candidates have a lot of great potential as well as the experience and passion for cryptocurrency that is necessary to take us where we need to go. We plan on expanding our team further in the future.

P.S. I plan on having a community meeting this upcoming Sunday, January 25th, at 6:00PM Eastern Standard Time (Convert to your local timezone here: http://www.timeanddate.com/worldclock/converter.html). The meeting will be held on http://webchat.freenode.net/, sign into the room Ultracoin.

Let's continue to work hard and make 2015 the year for Ultracoin,

Sincerely,

Steven "Rapture"
Management Director
Steven@Ultracoin.net
Ultracoin

Cool long term coin, lost my coins on mintpal unfortunately though. I just have 1 concern, why do you call yourself Steven "Rapture"?

[usukan]

Thanks Kracko and Steven for your answers on NF15 changes.

Just an additional question

can you mine UTC with 2 x GTX 980 in SLI bridge - or are the cards better used without bridge for mining UTC?



Thanks

Bitcointalk picked the perfect time to go down, right?

Indeed it is the NF15 affecting the hashrate.  I am currently getting just over a 1/3 of the hashrate that I was before with my 750ti rig.  After about an hour of fiddling with settings I'm at 1.1-1.25 khash/sec per 750ti, still using a lookup gap of 4.  I didn't seem to gain anything when I tried an autotune with a lookup gap of 8.  I still recommend trying autotune with nvidia.

Code:

cudaminer -a scrypt-jane:15 -l auto -L 4 -D -o stratum+tcp://pool.address.com -O user:pass

Here is an example setting that I am currently using with my 6x 750ti rig:

Code:

cudaminer --algo=scrypt-jane:15 -L 4 -D -l t19x5,t75x1,t76x1,t38x2,t5x16,t40x2 -b 1024 -o stratum+tcp://utc2.tumblingblock.com:5555 -O user:pass

Setting the algorithm to scrypt-jane:UTC will not work with autotune does not appear to use the modifier in autotune, use scrypt-jane:15 instead.  As long as you have enough power going to your cards and haven't overclocked them to where stability is an issue, it should be able to run through completion.

ATI folks, check out http://cfg.ultracoin.net to get a baseline setting for your hardware to work off of.

Try not to get discouraged that your hardware seems less efficient than it was before.  Everyone else is going through the same thing and the blocks will continue to be minted at the same rate and those mining will generally get the same share of the total as before.   Those with graphics cards that have more memory will experience slightly more of an edge.

@Kracko

Is this what happened to the hashrate? NF15 effect?

http://www.coinwarz.com/network-hashrate-charts/ultracoin-network-hashrate-chart

As you are probably aware NFactor 15 is coming soon.  It will happen at approximately Jan 22nd around 8:50am UTC

Keep an eye on the forums for recommended settings for your hardware at the new nFactor once it hits.  We'll all be adjusting.

For nVidia folk using cudaminer, I recommend autotuning using the algorithm of scrypt-jane:15 and -L 4 for a lookup gap of 4.  You may be able to get a better rate at higher lookup gaps, but it will take significantly longer to find the best settings for your card using autotune and the higher gaps tend to cost you more power as the GPU is worked harder to compensate for less memory.  Seems like the powers of 2 work the best for the lookup gap and 4 is about the same as 8 as far as cudaminer at NF14, it's just 8 takes more wattage.  The 970s+ with 4GB of graphics memory may fare better at lower lookup gaps.  Can't hurt to try gaps 2-8 in an autotune.

Yacminer folks may have to redo their settings if they will not work with the NF14 memory requirements.  Experienced ATI folk yacminers or otherwise, please keep an eye on the forum.  You could really help by sharing your expertise and your settings once you've mostly dialed it in after some experimenting.  Fortunately for us our Yacoin brothers have been through this already and it is relatively easy to dig up settings with some Googling.

And please don't get hung up on the lower hashrate; it's going to be lower for everyone else too.  Keep an eye on the your earning rate at the newer level.  The same amount of UTC/hr will be rewarded overall for proof of work, but those with the higher GPU memory sizes (4GB+) will benefit more at the higher nFactors than those with (<=2GB).  And again, higher lookup gaps will add more benefit as the memory requirements go up.