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

[lpedretti]

it appears that in another 60-80 blocks the difficulty will return to normal

the shape of the graph for decrease continues to be a mirror image so far of the increase in difficulty

http://imgur.com/Z6YiSCN

be aware the timescale (block number) runs from right to left (left is most recent).

staking is now working again just fine too



FrickChick, argencoin and meebo (on alenavaa's pool) - if you post a deposit address I will send (at least try to send - good test of the network) you a 1000 UTC each as a token of the community's appreciation.

Cheers - usukan

Outstanding job to everyone that contributed hash! I am truly proud of the response to the situation. To those who are contributing their GPU's, time and electricity you have done a huge service to Ultracoin, I thank you and the community thanks you! I would like to double Usukan's offer and also send 1000 UTC each to those that remained on the pool, I would also like to send you out an Ultracoin t-shirt of your choice as well. Same goes to you Usukan. I am working on getting a few miners on line to help find blocks to move the difficulty along, I'm afraid this is the best thing we can do until we reach equilibrium.

Yeah its a prick to have your miners hashing for bugger all - brings me out in cold sweat whenever it happens.

Those who supported the mining in the darkest hour - I really take my hat off to you.

Offer still stands - just post your deposit address

FrickChick, argencoin and meebo (on alenavaa's pool) - if you post a deposit address I will send (at least try to send - good test of the network) you a 1000 UTC each as a token of the community's appreciation.

On and up and down and UP!

UaudboCoV45anf7uXXDyBdh8etw8e7V7vu

I'll buy a cheap NF14 only rig next month just to mine utc (4x r7-240)

Best regards!

[IMweasel]

"blocks" : 1600658,
"difficulty" : 0.03911764,

Things are progressing further, the chain advanced 21 blocks, and difficulty dropped with a whopping 0.04827646 in about 4h 20m

edit:
"blocks" : 1600669,
"difficulty" : 0.01605555,

And this happened in roughly 45 minutes!

[IMweasel]

Strange, the coins that went to auto-stake went back to normal balance now,and added up with the amount that was there.
Is this because the coins still had to blend in the new fork?

[lpedretti]

Well, as it seems, the diff bounces with too much amplitude.

[usukan]

it appears that in another 60-80 blocks the difficulty will return to normal

the shape of the graph for decrease continues to be a mirror image so far of the increase in difficulty

http://imgur.com/Z6YiSCN

be aware the timescale (block number) runs from right to left (left is most recent).

staking is now working again just fine too



FrickChick, argencoin and meebo (on alenavaa's pool) - if you post a deposit address I will send (at least try to send - good test of the network) you a 1000 UTC each as a token of the community's appreciation.

Cheers - usukan

Outstanding job to everyone that contributed hash! I am truly proud of the response to the situation. To those who are contributing their GPU's, time and electricity you have done a huge service to Ultracoin, I thank you and the community thanks you! I would like to double Usukan's offer and also send 1000 UTC each to those that remained on the pool, I would also like to send you out an Ultracoin t-shirt of your choice as well. Same goes to you Usukan. I am working on getting a few miners on line to help find blocks to move the difficulty along, I'm afraid this is the best thing we can do until we reach equilibrium.

Yeah its a prick to have your miners hashing for bugger all - brings me out in cold sweat whenever it happens.

Those who supported the mining in the darkest hour - I really take my hat off to you.

Offer still stands - just post your deposit address

FrickChick, argencoin and meebo (on alenavaa's pool) - if you post a deposit address I will send (at least try to send - good test of the network) you a 1000 UTC each as a token of the community's appreciation.

On and up and down and UP!

UaudboCoV45anf7uXXDyBdh8etw8e7V7vu

I'll buy a cheap NF14 only rig next month just to mine utc (4x r7-240)

Best regards!

Thanks and here is my token of appreciation:

Status: 0/unconfirmed, broadcast through 2 nodes
Date: 15/11/2015 08:52
To: UaudboCoV45anf7uXXDyBdh8etw8e7V7vu
Debit: -1000.00 UTC
Transaction fee: -0.01 UTC
Net amount: -1000.01 UTC
Transaction ID: 6366d5e36ed4b5aaa55104060c8fe6f525b817a14597551cc11072d1eebcfa91

Sent from the future.............15 Nov 2015

Hope it gets through to you

[usukan]

@ alenevaa

not sure if this is possible - but can you tell FrickChick and meebo (through your pool) - that if they post their deposit address here - they will get a few 1000 UTC deposited to their account.

Thanks - ususkan

[lpedretti]

Thanks and here is my token of appreciation:

Status: 0/unconfirmed, broadcast through 2 nodes
Date: 15/11/2015 08:52
To: UaudboCoV45anf7uXXDyBdh8etw8e7V7vu
Debit: -1000.00 UTC
Transaction fee: -0.01 UTC
Net amount: -1000.01 UTC
Transaction ID: 6366d5e36ed4b5aaa55104060c8fe6f525b817a14597551cc11072d1eebcfa91

Sent from the future.............15 Nov 2015

Hope it gets through to you

Not yet, but the hour difference is way too high, let's see how the net works on this situation (really a nice net test )
1k thanx, i'm gathering a small utc fortune bit by bit, let's see if the waiting pays off

Best regards!

[lpedretti]

Thanks and here is my token of appreciation:

Status: 0/unconfirmed, broadcast through 2 nodes
Date: 15/11/2015 08:52
To: UaudboCoV45anf7uXXDyBdh8etw8e7V7vu
Debit: -1000.00 UTC
Transaction fee: -0.01 UTC
Net amount: -1000.01 UTC
Transaction ID: 6366d5e36ed4b5aaa55104060c8fe6f525b817a14597551cc11072d1eebcfa91

Sent from the future.............15 Nov 2015

Hope it gets through to you

Not yet, but the hour difference is way too high, let's see how the net works on this situation (really a nice net test )
1k thanx, i'm gathering a small utc fortune bit by bit, let's see if the waiting pays off

Best regards!

It's pending, but the net is being slow at the moment.

It's really bouncing too much, the amplitude goes from very low (and exploitable by opportunists) to very high (and discouraging the normal miners)

I think the adjustment should be faster if the difference between the needed block time and the real block time is way too high, and slow if the different is minor.

[usukan]

Well transactions and stakes are working

Status: 12 confirmations, broadcast through 2 nodes
Date: 15/11/2015 08:52
To: UaudboCoV45anf7uXXDyBdh8etw8e7V7vu
Debit: -1000.00 UTC
Transaction fee: -0.01 UTC
Net amount: -1000.01 UTC
Transaction ID: 6366d5e36ed4b5aaa55104060c8fe6f525b817a14597551cc11072d1eebcfa91

The difficulty oscillations are still large - but the peaks and troughs are getting smaller so it looks like it will settle into a stable rate over the next day or so.

[usukan]

Here is my address FrickChick:
UWfFi3boXJek6qZbAJ1qUBhxGGUXTwfN8C

Thanks FrickChick

Status: 21 confirmations, broadcast through 1 node
Date: 16/11/2015 07:42
To: UWfFi3boXJek6qZbAJ1qUBhxGGUXTwfN8C
Debit: -1000.00 UTC
Transaction fee: -0.01 UTC
Net amount: -1000.01 UTC
Transaction ID: c31074191cd31bb42ba458defe6f987fdcf36ff52c42d6ec1c1528538fa0fdd6

fast again now!

the difficulty oscillations are getting smaller and smaller - I could be wrong - but this may work!

Nevertheles - if a lot of opportunistic miners hammer it when the diff is down - don't puzzle on why it shoots back up so high again after every low diff.

The diff needs to be fast up - slow down

[Marnie1976]

So strange to see as bagholder,  i have arround 997.000 UTC in my wallet and it has now no more value as arround 4,2 BTC  

Does have the UTC management team or some serious community members a vision for 2016 about the potential development of value of UTC ?

[lpedretti]

So strange to see as bagholder,  i have arround 997.000 UTC in my wallet and it has now no more value as arround 4,2 BTC  

Does have the UTC management team or some serious community members a vision for 2016 about the potential development of value of UTC ?

I second this, i just can't buy utc anymore as everytime i buy some, the price drops again, and again, so... i think that utc value should be improved somehow...

[coinsplz777]

considering the supply will be reduced now, because mining pays only 10 utc x block, the price should go up ?

[usukan]

when its low - its usually a good time to buy

Check Cryptsy 2-3 Nov - about 2,000,000 UTC bought (up to 637) - probably for a good reason?

https://www.cryptsy.com/markets/view/163

[alenevaa]

the difficulty oscillations are getting smaller and smaller - I could be wrong - but this may work!

Not exactly. The difficulty for the last peak is more than previous one..

1601987   5,487
1601662   4,376
1601324   5,507
1601000   5,892
1600642   8,405

[usukan]

the difficulty oscillations are getting smaller and smaller - I could be wrong - but this may work!

Not exactly. The difficulty for the last peak is more than previous one..

1601987   5,487
1601662   4,376
1601324   5,507
1601000   5,892
1600642   8,405

Yes I had noticed that just recently too - first few days it was coming down but then word got round of the UTC fest when difficulty went thru the low period.  The hash has been spiking during the lows and blocks are flowing every 3-4  seconds.  It stays low (0.0002) for a considerable time during which many many blocks are found.  Of course you would need the diff to rise quite high to even this out to 60 sec averages over an extended time frame.

Lately maybe cos the miners who jump in when its low bounce it up higher again.  Need more stable mining hash or it will keep over correcting to adjust for this aberration.

Its just started to drop again - watch your hash go from 50KH/s to several hundred. The "fast up" "slow down" would discourage opportunistic mining - but at the end of the day it only really matters that the longer term average is 60 sec blocks. Of course something more stable would encourage more dedicated mining.

If I am reading the stats from your site correctly for 24 hrs

You should have 14,400 UTC over 24 hrs (1 block per 60 seconds - 1,440 per 24 hrs @ 10 UTC/block)
"Amount" on your site reports 5,690 UTC? for 24 hrs.
So the reward is coming up way short in a 24 hr timeframe if this is correct.

If the diff is calculated over 7 days (going back to the 3 days where blocks were being found every 2-3 seconds) then the current daily average might be on track.  When we move off diff calcs on those fast n furious 3 days things might change drastically.  I have no idea how the diff is calculated though - just random thoughts on what may be driving things at present. Anybody know from the code what timeframe diff is calculated from?

I also noted that orphans seem to be practically non existent now - which is a major improvement.

[wtfc360]

I also noticed that orphans are less in stake minting than before.

[wtfc360]

Is ultrabex working, I seem to get different amount there than in my actual wallet, don't seem to be updating on ultrabex

[usukan]

I also noticed that orphans are less in stake minting than before.

Yes - same here

[usukan]

Is ultrabex working, I seem to get different amount there than in my actual wallet, don't seem to be updating on ultrabex

Seems to be about 7 days behind - don't think its been re-synced since the latest fork