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Author Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions!  (Read 353222 times)
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wtfc360
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November 23, 2016, 07:36:30 AM
 #4021

Thanks everyone for the input re 2FA, I now realise it would not bring more security for the wallet other than in my imagination.
Re coinomi, yes it was rather steep price for the service, if the community think we should go ahead with this option we need to finance it. I can stand for 10 % of the cost.
If we won't go forward with coinomi what other project should we focus on?
Thanks Usukan for getting the info from coinomi.
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November 23, 2016, 07:39:21 AM
 #4022

that seems a bit too high to me, i think we should first get some new investors and liquidity. Regarding the WAVES platform, it has to be a token swap to go on their platform, anyways it is still in development and there asset exchange is still months away. I think komodo platform's model of notarization to bitcoin blockchain for any  altcoin via their platform is much more easy to transition to.

Regarding the 2FA debate, SMS/mobile or mail based 2FA is very weak and easily hacked, otoh Google Authenticator or hardware 2FA like Yubikey is very secure. Kraken wrote an excellent article regarding this.

http://blog.kraken.com/post/153209105847/security-advisory-mobile-phones



thanks sambiohazard

The new investors and liquidity is the chicken/egg problem.  There must be good reasons for new investors to come to Ultracoin.

please think about these points with respect to Coinomi:

- consider the cost to pay devs to set up a Mac wallet - ?
- Set up an android wallet and
- set up an iOS wallet

is this going to cost USD 1500?

 - cost to have 2 extra full nodes (24/7)

We need more full and dedicated 24/7 nodes - will this cost  USD 600 per year?



Waves DEX (Decentralised Exchange) - this is not a WAVES asset - its a separate exchange like Polo or Bittrex - so yes any coin or asset can list if Waves release to intentions.

I am not up to speed with Komodo - Their DEX is described broadly here:   https://komodoplatform.com/dex-whitepaper/
As I understand it other blockchains can link via the Supernet. The Iguana power - Iguana Core is another SuperNET innovation that will use the Komodo blockchain. It is a software framework that provides APIs for linking multiple blockchains into a single super network. It also enables developers to create decentralized applications using the same set of APIs. Jl777 points out that Iguana Core interfaces with Komodo and bitcoin.  This has promise.

I brought Supernet to UTC attention in Sept 2014
https://bitcointalk.org/index.php?topic=727023.msg8663215;topicseen#msg8663215

Cheers - usukan



                                                   
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usukan
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November 23, 2016, 07:55:07 AM
 #4023

Thanks everyone for the input re 2FA, I now realise it would not bring more security for the wallet other than in my imagination.
Re coinomi, yes it was rather steep price for the service, if the community think we should go ahead with this option we need to finance it. I can stand for 10 % of the cost.
If we won't go forward with coinomi what other project should we focus on?
Thanks Usukan for getting the info from coinomi.

Thanks wtfc30


                                                   
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                              ████████████████
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..Cryptopia..██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
.★★★ Cryptocurrency Platform Services ★★★ 
...Exchange | Mineshaft |  Marketplace | Rewards | CoinInfo 
██
██
██
██
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November 23, 2016, 12:12:09 PM
 #4024

I think it will be difficult to find someone to make all the wallets and nodes for android/ios instead of buying the complete package from coinomi, first to find someone who can make it, and make it good and stable, within a short period of time and to do it cheaper.
If you know someone, fine let's take the dude.
Otherwise I think we need to put up the money (if we want to do it).
I think of it like this. Here we have an amazing opportunity to shape this coin into anything we want it to be, completely unrestricted. We choose. We can make it into anything we like. We can take good functions from any other coin and implement it, use any other platform to integrate UTC in them. Be flexible and adapt. We can not possible do it all by ourselves, at least I can't do it. And no one is going to just give us all the stuff we want for free. So since I'm no tech guy I think that; Ok, I can contribute with what I can, some funds, it's not a lot if you spread the costs, but still someone have to put up the funds or nothing will happen by itself.
I'm I rich? Nope, have family and kids, probably like many of you guys. Still I think it is worth to contribute because with this small donation I can shape the future of this coin, it's amazing I think. With this coin there will be another alternative to the fiat money system that we all dislike.
So basically, with small economic effort we can make a huge advancement for this coin. I know we don't have millions of dollars in ICO and sponsors, not sure we need them, yes I would also be happy if someone else paid for everything but then you have less to say about anything about what you think, well you can say but no one will really care. Anything we make better for this coin will maybe help attract investors in the long run, but I don't think it will be easy to find investors to just buy UTC, if you do know about some investors please step forward! To be honest I don't think any bank would be interested, they will make their on block chain and force people to use only theirs, so UTC would have to be for the people somehow.
And if we don't do coinomi, we do something else and maybe come back later to coinomi, but anything we do will probably cost money/BTC.
By the way is Presstab interested in doing more job for UTC or did he get burned by all the hassle?

@ Presstab, thanks for all your help, you have done a great job, I think you saved UTC. If we won't see you again good luck with your other projects and welcome back!

@ Steven, nice to have you back, well done with the fork and wallet up-date, now all seems a lot smoother, thanks!
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November 23, 2016, 05:29:04 PM
 #4025

Give up the ghost guys! Jesus!! Why would anyone want to buy this coin anymore? It's like Betamax trying to re launch now! You are way behind with no funds or dev. Don't waste 100's of hours of your time flogging a dead horse.  Take your loss on your chin

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November 23, 2016, 06:37:50 PM
 #4026

Give up the ghost guys! Jesus!! Why would anyone want to buy this coin anymore? It's like Betamax trying to re launch now! You are way behind with no funds or dev. Don't waste 100's of hours of your time flogging a dead horse.  Take your loss on your chin


Why would you tell anyone to drop interest in something they have passion about? Maybe you see this coin as dead, maybe others see this as an opportunity. Clearly the community still exists. Not sure how people discussing a coin you are no longer interested in concerns you or prompts you to such negative emotion. You can completely ignore this coin and go on with your life and vice versa. Thanks for the advice, but no thanks. If the coin was going to die it would have done so before the last hard fork.

This is just the beginning for this coin, it has plenty of potential.

Appreciate the trolling though, shows a lot about the quality of your character.
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November 23, 2016, 09:20:13 PM
 #4027

Why would you tell anyone to drop interest in something they have passion about? Maybe you see this coin as dead, maybe others see this as an opportunity. Clearly the community still exists. Not sure how people discussing a coin you are no longer interested in concerns you or prompts you to such negative emotion. You can completely ignore this coin and go on with your life and vice versa. Thanks for the advice, but no thanks. If the coin was going to die it would have done so before the last hard fork.

This is just the beginning for this coin, it has plenty of potential.

Appreciate the trolling though, shows a lot about the quality of your character.




Don't feed the troll by quoting them. Just put them on ignore.

You'll never know what you're living for until you know what you're willing to die for.
Never look back, something might be gaining on you.
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November 25, 2016, 02:43:15 AM
 #4028

i cant contribute with a lot of funds so i can't say what to do with coinomi. I think more people will be running fullnodes if we can somehow incorporate pruning and somehow control the UTXO size. Currently wallet consumes 900 MB to a gig of RAM which makes running it 24/7 very difficult. Bad thing is staking encourages people to have more UTXOs so they can stake more frequently, i think we can control some of it if we can improve splitting of coins during staking. You can look at code of Jumbucks(https://github.com/jyap808/jumbucks), they have pretty efficient staking code, best i have seen with conventional PoS.

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November 26, 2016, 07:59:29 PM
 #4029

No synchronization wallet after installation v07.4.1-9
usukan
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November 26, 2016, 09:22:42 PM
 #4030

No synchronization wallet after installation v07.4.1-9


its wrong wallet

https://bitcointalk.org/index.php?topic=727023.msg16876612#msg16876612


WALLET UPDATE REQUIRED

Ultracoin is hardforking to a new and much improved wallet. This new wallet addresses many issues including the diff re-targeting causing trouble for miners and includes more efficient staking plus increased staking rewards (new wallet after fork - 5.6% PA).

The fork is set for block number 1,824,237 - a few weeks ago now.

You should download, install and run the new wallet - preferably before the fork date.  The old wallet will not function correctly after the fork.


The new wallet files can be downloaded from here:

https://mega.nz/#F!nAVymCQa!wdJ4DMaULSptCqC5BX8fCw

This link has downloads for both 32x and 64x Windows installations.

The simplest installation of the new wallet is via running the appropriate setup.exe for your Windows operating system - either 32x or 64x i.e. "UltraCoin-v1.0.0.0-Win64-Setup.exe" or "UltraCoin-v1.0.0.0-Win32-Setup.exe"

This applies if you want to install a NEW Ultracoin wallet - OR if you want to update an old installation.

So - if you have a Win64 operating system - just download and run "UltraCoin-v1.0.0.0-Win64-Setup.exe"

Once the installation has completed - you need to be sure to run the correct ultracoin-qt.exe so the NEW wallet opens (i.e. don't use your old desktop shortcut).

Best create a new desktop shortcut - as follows

- Navigate to C/Program Files/Ultracoin folder
- Find the file ultracoin-qt.exe
- Create a shortcut to this file - and put it on your desktop.

Use this new shortcut to run the new wallet (and best to delete your old desktop shortcut)


As always - be sure to back up and save your wallet files (wallet.dat) to several other storage devices.

If you know what you are doing - you can use the .zip files shown in the MEGA download link (i.e. ultracoin-qt-v1.0.0.0-Win64.zip) to manually configure your own wallet installation.


                                                   
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..Cryptopia..██
██
██
██
██
██
██
██
██
██
██
██
██
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██
.★★★ Cryptocurrency Platform Services ★★★ 
...Exchange | Mineshaft |  Marketplace | Rewards | CoinInfo 
██
██
██
██
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██
██
██
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November 27, 2016, 06:58:18 AM
 #4031

i cant contribute with a lot of funds so i can't say what to do with coinomi. I think more people will be running fullnodes if we can somehow incorporate pruning and somehow control the UTXO size. Currently wallet consumes 900 MB to a gig of RAM which makes running it 24/7 very difficult. Bad thing is staking encourages people to have more UTXOs so they can stake more frequently, i think we can control some of it if we can improve splitting of coins during staking. You can look at code of Jumbucks(https://github.com/jyap808/jumbucks), they have pretty efficient staking code, best i have seen with conventional PoS.


Thanks sambiohazard - I can run nodes no probs on a range of machines from pretty low spec - but yes there is always room for improvement. Staking seems good from my observations but I know what you are talking about. Best to stake your wallets say once a month - not continuously. But the network can handle it if you don't.

Hey - I am certainly not keen to do another fork for a while    Cheesy    - if its not broken - don't feck with it - is my thinking  - until we need to add some nice new features.
You may not appreciate the blood it took to get this one back and working properly.

The UltraCoin network is running A+++ after the fork - everything is working as planned.

It's efficient, fast and reliable for transactions - staking is working just great and mining is retargeting diff exactly as required. Wallets have 5-8+ peers/nodes and are syncing fine.

To put it in a practical perspecive - I could transfer 100k UTC to Bittrex, sell at market, buy back the BTC equivalent in UTC and have that back confirmed in my UTC wallet in about 15 minutes.  Try that on with BTC?  Try that on ETC - even Parity and Geth won't sync again with state cleaning (yes MEW would perhaps work).  I won't do it though because I would forfeit a few too many UTC.

I think more full nodes will come as we grow and Coinomi integration would be useful here.  Nevertheless the community is supplying sufficient node support at present.


Cheers - usukan


                                                   
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November 27, 2016, 07:13:41 AM
 #4032

i cant contribute with a lot of funds so i can't say what to do with coinomi. I think more people will be running fullnodes if we can somehow incorporate pruning and somehow control the UTXO size. Currently wallet consumes 900 MB to a gig of RAM which makes running it 24/7 very difficult. Bad thing is staking encourages people to have more UTXOs so they can stake more frequently, i think we can control some of it if we can improve splitting of coins during staking. You can look at code of Jumbucks(https://github.com/jyap808/jumbucks), they have pretty efficient staking code, best i have seen with conventional PoS.


Thanks sambiohazard - I can run nodes no probs on a range of machines from pretty low spec - but yes there is always room for improvement. Staking seems good from my observations but I know what you are talking about. Best to stake your wallets say once a month - not continuously.

Hey - I am certainly not keen to do another fork for a while    Cheesy    - if its not broken don't feck with it is my thinking  - until we need to add some nice new features.


Cheers - usukan

Fair enough, although i think we have to move forward to get rid of stagnation of past year or so and generate investor confidence. Also i am not sure if introducing pruning and improving PoS will be hard forks. We need to get all important forks done while community is small, later it would be very difficult.

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November 27, 2016, 07:35:06 AM
 #4033

i cant contribute with a lot of funds so i can't say what to do with coinomi. I think more people will be running fullnodes if we can somehow incorporate pruning and somehow control the UTXO size. Currently wallet consumes 900 MB to a gig of RAM which makes running it 24/7 very difficult. Bad thing is staking encourages people to have more UTXOs so they can stake more frequently, i think we can control some of it if we can improve splitting of coins during staking. You can look at code of Jumbucks(https://github.com/jyap808/jumbucks), they have pretty efficient staking code, best i have seen with conventional PoS.


Thanks sambiohazard - I can run nodes no probs on a range of machines from pretty low spec - but yes there is always room for improvement. Staking seems good from my observations but I know what you are talking about. Best to stake your wallets say once a month - not continuously.

Hey - I am certainly not keen to do another fork for a while    Cheesy    - if its not broken don't feck with it is my thinking  - until we need to add some nice new features.


Cheers - usukan

Fair enough, although i think we have to move forward to get rid of stagnation of past year or so and generate investor confidence. Also i am not sure if introducing pruning and improving PoS will be hard forks. We need to get all important forks done while community is small, later it would be very difficult.


Its a good point about changes while small community.  This must not be underestimated to fast-track great ideas.


Steven will be back next week and he will take the lead on arranging future developments that the community supports.

He has some exciting stuff for the UltraCoin community to consider.


Cheers - usukan


                                                   
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November 28, 2016, 02:08:06 PM
 #4034

Quote
This market is in danger of de-listing due to low trade volume and lack of user interest. It may be removed on Friday, October 28th 2016 unless the average daily trade volume for the last 14 days exceeds 0.3 BTC. If you would like to keep the market listed, please encourage the development team to contact us at support@bittrex.com. If you have questions about the policy, please see https://bittrex.zendesk.com/hc/en-us/articles/202583874.
Is this warning real on bittrex-exchange? I think this message is more than 3weeks obove the bittrex-market? Any other exchanges for UTC, only one is not so much for a comeback.
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November 28, 2016, 08:31:19 PM
 #4035

Quote
This market is in danger of de-listing due to low trade volume and lack of user interest. It may be removed on Friday, October 28th 2016 unless the average daily trade volume for the last 14 days exceeds 0.3 BTC. If you would like to keep the market listed, please encourage the development team to contact us at support@bittrex.com. If you have questions about the policy, please see https://bittrex.zendesk.com/hc/en-us/articles/202583874.
Is this warning real on bittrex-exchange? I think this message is more than 3weeks obove the bittrex-market? Any other exchanges for UTC, only one is not so much for a comeback.

The warning is out of date - Bittrex has just forgotten to take it down. Yes more exchanges will come as UltraCoin "comes back".


                                                   
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November 29, 2016, 12:42:57 AM
 #4036

Ultracoin QT Wallet 1.0.0.0 (Windows)

Found a bug. When I am in Overview then switch to Transactions and right click to Clear Orphans then switch back to Overview all my transactions show 0.00 with no address.

Switching between Overview to Transactions and back seems to be fine, but clearing orphans seems to clear everything out from them Overview section. This is the Windows version of the wallet.
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November 29, 2016, 07:05:43 PM
 #4037

Ultracoin QT Wallet 1.0.0.0 (Windows)

Found a bug. When I am in Overview then switch to Transactions and right click to Clear Orphans then switch back to Overview all my transactions show 0.00 with no address.

Switching between Overview to Transactions and back seems to be fine, but clearing orphans seems to clear everything out from them Overview section. This is the Windows version of the wallet.


Hi bret

I have tried to replicate your issue on several machines (that were CPU mining and running synced wallet - so short on resources) - I can't.  

I run clear orphans function on Transactions - but all Transactions are still there with addresses etc?

Were you doing this on a synced or unsynced wallet?  

I would just restart your wallet if the display issue persists after full sync.


Cheers - usukan


                                                   
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bret
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November 29, 2016, 07:55:16 PM
 #4038

Ultracoin QT Wallet 1.0.0.0 (Windows)

Found a bug. When I am in Overview then switch to Transactions and right click to Clear Orphans then switch back to Overview all my transactions show 0.00 with no address.

Switching between Overview to Transactions and back seems to be fine, but clearing orphans seems to clear everything out from them Overview section. This is the Windows version of the wallet.


Hi bret

I have tried to replicate your issue on several machines (that were CPU mining and running synced wallet - so short on resources) - I can't.  

I run clear orphans function on Transactions - but all Transactions are still there with addresses etc?

Were you doing this on a synced or unsynced wallet?  

I would just restart your wallet if the display issue persists after full sync.


Cheers - usukan


It's not a one-off thing. It happens to me every single time.

Here are some pics to illustrate:











Sorry for all the blurring, I was over cautious on hiding potential private info.

What usually happens is everything shows as [0.00] in the overview screen, sometimes I get the results of this particular screenshot where just some of my transactions are replaced with [0.00] in the overview screen, but the normal behavior is everything is changed to [0.00].

I found the only way to fix it was to restarted the wallet.

It may be that this is related to staking? I have been staking here and there and usually that is when I need to clear orphans and when the problem happens. This is something new to 1.0.0.0 the previous wallets would not glitch when I cleared orphans.

What else is odd is that once this happens, no further transactions show up until I quit and restart the wallet.
bret
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November 29, 2016, 08:03:29 PM
 #4039

Ok, so it looks like the ones that are replaced with [0.00] might be actual orphans. When I perform clear orphans right after I open and re-sync the wallet everything is fine (no transactions are replaced with [0.00]).

So what I think is happening is that I am collecting orphans from staking and when I clear them something glitches and it removes the orphans but does not replace them with real transactions it just leaves my overview screen empty.

I am also fairly certain staking stops working when this happens. It may be because the wallet stops syncing or something else, but I left the wallet running for 30 minutes after it glitched and when I restarted it I was about 30 minutes behind.
usukan
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November 29, 2016, 09:40:55 PM
 #4040

Ok, so it looks like the ones that are replaced with [0.00] might be actual orphans. When I perform clear orphans right after I open and re-sync the wallet everything is fine (no transactions are replaced with [0.00]).

So what I think is happening is that I am collecting orphans from staking and when I clear them something glitches and it removes the orphans but does not replace them with real transactions it just leaves my overview screen empty.

I am also fairly certain staking stops working when this happens. It may be because the wallet stops syncing or something else, but I left the wallet running for 30 minutes after it glitched and when I restarted it I was about 30 minutes behind.


Hi bret - I'm no expert on this but I am wondering first why you are getting orphans?

I staked several wallets over the last few days and got ZERO orphans.

To me it seems that your connection may not be very fast and you are submitting stale stakes (submitting after the block has been claimed by someone else) - and that may be why you are getting orphans.

I have no idea if that (slow connection) also affects how your wallet works - but it certainly could.

Of course your computer resources could be limiting you also - if you were running a few other apps/had one of Windows famous resource hogs running in background/Windows was downloading a batch update in the background and/or your CPU/Memory was a low spec - any or all of these may affect wallet operations.

The other suggestion is don't clear orphans with your wallet in staking mode (although I have tried this also and no issues for me)

Also - I note that you only seem to have connections to about 2 peers - this is a little strange in itself as I get 6-8 usually?  No idea if this has anything to do with your orphans.

Lets see if anyone else notes the issue.  

As I said - I cannot replicate but all my machines are Win10 and medium to high spec with a good internet connection.  Nevertheless I can run a CPU miner and a staking UTC wallet (on my oldest machine) with no problems and do not get your error - CPUMiner using 99% CPU/0.5% Memory and the UTC wallet 0.4% CPU/24% Memory.

I believe you have the issue but I suspect its something to do with your particular computing environment.

I would be most concerned about finding the reason for your orphans and concentrate on that - if you fix that there is a good chance that your wallet issue will also resolve.

Since you can just restart your wallet and everything resolves  - thats an easy fix for the problem you have.

Perhaps @PressTab may wish to comment.

Go to Windows "Task Manager" and check out resource useage to see if it gives any clues?



Cheers - usukan


                                                   
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