Thanks Beave and Thiago
Here are my thoughts on
NF and
block reward.
Everyone please discuss, agree or disagree. Silence as always will be taken as agreement.
First - we have only just (Nov/Dec 2015) changed both these based on extended discussions from what was a much larger community base. Although everyone did not agree 100% - overall this was the group consensus.
- Lower the block reward from 30 to 10 UTC
- Reduce NF from 16 to 14
On the NF UTC was getting raped by botnets at NF16 - it had to be changed and quick.
Alenevaa made a useful post 11 Nov 2015.
Your miners need to use 4 times less memory at NF14 than they have used at NF16.
If roughly estimate [CPU] vs [GPU with 4GB VRAM]
Code:
NFactor | GPU advantage
-----------------------
NF17 | 1x gpu has no advantage
NF16 | 2x
..
NF14 | 10x gpu 10 times faster
then we can clearly see that Ultracoin NF14 becomes GPU-coin.
From one side (negative) - it has no sense to mine Ultracoin with CPU now
From other side (positive) - Ultracoin will be more secure as GPU-miners stands well against botnets.
also
Quote from: lpedretti on October 27, 2015, 02:50:49 PM
Awesome!
Right in time for me to add another gpu to my rig Smiley
NF14 rocks. the best balance between mem usage and gpu stress
On the block reward - the current plan can be summarised:
Change notes:
Change to 10 UTC per block pending new update
10 UTC per block - 4,000,000
5 UTC per block - 6,000,000
2.5 UTC per block - 8,000,000
1.25 UTC per block - 20,000,000
1 UTC per block - 25,000,000
.5 UTC per block - 30,000,000
.25 UTC per block - 40,000,000
.125 UTC per block - 50,000,000
.01 UTC per block - 208,145,600
Change to 2% pending new update
1.5% per year at block 4,000,000
1% per year at block 8,000,000
GitHub Diff:
https://github.com/Kracko/ultracoin-2/compare/6135192516147ae7d478fd850b085165289558a1...Kracko:masterSo it changes to a reward of 5 UTC from block 4,000,000
But in this post
https://bitcointalk.org/index.php?topic=727023.msg12811221#msg12811221lpedretti suggests that its not coded to change yet - but there is plenty of time before we hit block 4,000,000
My conclusions:
Block RewardMaintain at 10 UTC for now.
We have just reduced it from 30.
We have few miners and to be quite honest we do not want to further discourage mining.
We only have 6-7 miners on Alenevaa's pool and maybe a solo miner or two.
Any less miners at this point is suicide.
When the price goes up (yes I believe it can only go up from here - barring a few dumps) - these miners who held UTC together in our darkest hour - need to be rewarded.
Sure if the price of UTC goes up substantially in the future - we can change (reduce) it before block 4,000,000.
But not now.
If we reduce it - in the thinking that will make the price go up (which we almost certainly know does not happen) and our miners leave - UTC is dead.
Leave block reward at 10 UTC
NF 14Leave it at NF14
I have only seen positive feedback on NF14 over other NF's discussed
We avoid botnets which almost killed UTC
I am not a miner - so can offer no other wisdom here
lpedretti's comment is stuck in my mind
"NF14 rocks. the best balance between mem usage and gpu stress"Community - Please discuss.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fn0br8nn.jpg&t=665&c=Bc2GFBKZN4rfOQ)
Thanks - usukan