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

[nanoprobe]

Noticed my computer was a little sluggish today. Opened task manager to find the UTC wallet was using 25% of CPU power on a 2600K. The wallet was fully synced and staking. What's up with that? Not acceptable.

Still waiting for an explanation.

[usukan]

hmmmmm.......

another big sell?

and the buys vapourised............

0.00009998   150.40508102   0.01503750
0.00009999   153.96186740   0.01539465
0.00010000   521566.32638299   52.15663264

wonder what could be happening?

[Namsbreh]

More problems at Tumblingblock?

[Valpe]

hmmmmm.......

another big sell?

and the buys vapourised............

0.00009998   150.40508102   0.01503750
0.00009999   153.96186740   0.01539465
0.00010000   521566.32638299   52.15663264

wonder what could be happening?

mhh guite big.

0.00009999   153.96186740   0.01539465
0.00010000   1021566.32638299   102.15663264
0.00010208   249.91015363   0.02551083

[arargon100]

why people selling?they dont believe in that coin anymore?

[fabietech]

why people selling?they dont believe in that coin anymore?

They are not selling, only trying to get more UTC for less!!! that is what happening now!!!
they know that utc will be at 0,00040 soon!! so they want cheap utc!!

[king_pin]

What is going on with the Difficulty... very interesting, strange spike right now!!!

[Namsbreh]

Tumblingblock pool appears to now be fixed, thanks.  What happened guys, was it a glitch or an attack?

Whats going on with UTC, price & nethash is all over the place.  Looks like the price is being manipulated, kept low for accumulation. 

Are multipools responsible for the nethash spikes or is something more sinister going on?

More interesting days ahead no doubt.

[king_pin]

Tumblingblock pool appears to now be fixed, thanks.  What happened guys, was it a glitch or an attack?

Whats going on with UTC, price & nethash is all over the place.  Looks like the price is being manipulated, kept low for accumulation.  

Are multipools responsible for the nethash spikes or is something more sinister going on?

More interesting days ahead no doubt.

There are only a handful of people who can pull such scheme - THE NEW DEVELOPERS and/or THE OLD DEVELOPERS.
Which one do you think it is?

[Levole11]

Tumblingblock pool appears to now be fixed, thanks.  What happened guys, was it a glitch or an attack?

Whats going on with UTC, price & nethash is all over the place.  Looks like the price is being manipulated, kept low for accumulation.  

Are multipools responsible for the nethash spikes or is something more sinister going on?

More interesting days ahead no doubt.

There are only a handful of people who can pull such scheme - THE NEW DEVELOPERS and/or THE OLD DEVELOPERS.
Which one do you think it is?

Well the old devs have sold..
Ziggy for a lot of profit, and bumface when it was 00002 or something like that..
 I know Paul had a lot coins, he had put a picture of his wallet here in the thread, i think it was before they became the devs.. ( I am not implying it is you Paul, don't get me wrong, it's just that i dont know of anybody else holding that much coins)  But he had lost a lot of it on mintpal..
Steven, or any of the other devs; What happened tp the asics that were going to be used for the multipool?

[PaulR1]

Dear friends.... i love to see some good conspiracy movies with a good plot.... also do I like to hear some good theories here on this forum.... but I am still member of our management team and I believe UTC will go only up.
 
Look were UTC is now. A lot of coins are already really dead and gone with the wind and UTC is here still after 10 months. Even stronger then 5/6 moths ago.

Our team is doing well and our Management Director Steven is doing the best job ever possible !

About selling UTC, I said it a long time I go and say it again; Yes I have still a lot of UTC even after the Mintpal robbery. I did not sell UTC before and I will not sell ever before our precious UTC hits at least around 0.0003


Edit: and as far as I know also Fabietech, Steven and some other (former) devs are bag holders/investors and have faith in UTC and will not sell cheap !

Tumblingblock pool appears to now be fixed, thanks.  What happened guys, was it a glitch or an attack?

Whats going on with UTC, price & nethash is all over the place.  Looks like the price is being manipulated, kept low for accumulation.  

Are multipools responsible for the nethash spikes or is something more sinister going on?

More interesting days ahead no doubt.

There are only a handful of people who can pull such scheme - THE NEW DEVELOPERS and/or THE OLD DEVELOPERS.
Which one do you think it is?

Well the old devs have sold..
Ziggy for a lot of profit, and bumface when it was 00002 or something like that..
 I know Paul had a lot coins, he had put a picture of his wallet here in the thread, i think it was before they became the devs.. ( I am not implying it is you Paul, don't get me wrong, it's just that i dont know of anybody else holding that much coins)  But he had lost a lot of it on mintpal..
Steven, or any of the other devs; What happened tp the asics that were going to be used for the multipool?

[Kracko]

Tumblingblock pool appears to now be fixed, thanks.  What happened guys, was it a glitch or an attack?

Whats going on with UTC, price & nethash is all over the place.  Looks like the price is being manipulated, kept low for accumulation.  

Are multipools responsible for the nethash spikes or is something more sinister going on?

More interesting days ahead no doubt.

One of the two wallets stopped at utc.tumblingblock.com due to some strange read errors.  The one that stopped was the one used by MPOS, but the stratum still had the backup wallet to run off.  No hashes were lost.  It took about 30 minutes when I woke up to catch up the front end on the accounting.

I doubt multipools are responsible for the spikes. Our algorithm and NFactor isn't popular enough to make a common-algo switching setup worthwhile.  On occasion I've noticed about 2-3MH of unaccounted for hashes between known pools for UTC.  We may have some large solo miners taking advantage of the dips in difficulty.  

[Namsbreh]

Thank you for the explanation Kracko.

[rapture333]

@nanoprobe

Stake minting unfortunately takes up a lot of CPU power, especially under Scrypt-ChaCha. I too am getting similar results with stake minting enabled. Kracko is currently looking over possible solutions for that issue and many others to implement in the next wallet update.

If anyone had any questions as to how much Ultracoin I hold, for the sake of transparency I will be releasing the amount here:



I plan on holding Ultracoin long term, and is also a part of my motivation to make Ultracoin extremely successful. The amount is either very impressive or surprisingly low based on your perspective, but everything I do for Ultracoin is for my love of cryptocurrencies and Ultracoin as a whole.

Lastly, please help Ultracoin by participating in the Ultracoin Community Survey for Q4 2014: https://www.surveymonkey.com/s/M87B53N

Sincerely,

Steven "Rapture"
PR & Marketing Director
Steven@Ultracoin.net
Ultracoin

[king_pin]

You need to redo the whole wallet SOON if we are to go any ware.
On an 8 core PC the wallet is running like my grandma, it is constantly not responding, and etc.
Is there anyone on the new team that actually understands Code not Restaurant Recepies, but Crypto Code???

[rapture333]

You need to redo the whole wallet SOON if we are to go any ware.
On an 8 core PC the wallet is running like my grandma, it is constantly not responding, and etc.
Is there anyone on the new team that actually understands Code not Restaurant Recepies, but Crypto Code???

Yes, Kracko is our in house developer and had been working on the wallet software as it has been our number one priority. Like many of the best Linux distrobutions we all spend our time and money on these projects out of passion. If something is broken, we will work on fixing it, but please bring it to our attention without the insults. The wallet software is left over from the last management team, and we are working on improving it.

[lobo13hf]

is there a pool where i can sign up without an address i'de like to see the full pool status but i dont want to download the wallet if i wont mine ...

[Kracko]

You need to redo the whole wallet SOON if we are to go any ware.
On an 8 core PC the wallet is running like my grandma, it is constantly not responding, and etc.
Is there anyone on the new team that actually understands Code not Restaurant Recepies, but Crypto Code???

I've been developing for over 20 years and would like to think I've progressed beyond restaurant recipes.   

On the development front I have:

• Modified bitcoin-seeder to work with Ultracoin.  We'll finally have DNS seeders which will pass out active nodes on request
• LevelDB
• Zeitgeist (Timewarp) attack protection
• Updated Checkpoints
• Upgraded to use QT 5.3.2
• Added the created DNS seeders to the wallet

The new wallet will be static linked, and will be one large executable rather than a folder of DLLs.  It will also have the new logos and art.

I'm making it a priority to speed up the wallet as much as possible.  Part of the problem is that we're fighting the algorithm which takes a significant amount of CPU time just to validate the headers.

I am using a version of the leveldb currently on UTC2 for its outward facing UTC wallets.  The performance boost with slower IO is significant.



As a work-around until the update, if you have a second computer, copy your wallet.dat to that second computer and run minting on it and then do not stake with the first one.  Alternatively, I could make stand-alone Windows binaries available without the GUI.

[Etern4l]

YBCoin is no longer scrypt chacha soo the jump in hash rate was because of chinese miners http://www.ybcoin.com/wp-content/files/New_YBCoin_Whitepater_V2.72_en.pdf .

[Beave162]

YBCoin is no longer scrypt chacha soo the jump in hash rate was because of chinese miners http://www.ybcoin.com/wp-content/files/New_YBCoin_Whitepater_V2.72_en.pdf .

+1
The same thing is happening to YACoin. It shows you how important mining your coin is in order to secure the network. In this case, I would call it a difficulty attack, but I don't think it is necessarily an attack as opposed to someone with an enormous amount of hashing power for scrypt-chacha that doesn't know what to do with it anymore. Or maybe it is a multipool for YBCoin that does chacha?

Regardless, this hashing power is not using the commonly used pools of YAC or UTC if using a pool at all. UTC has the orphan problem on top of it all, which should be of a particular concern, but I don't think there is enough hash power to cause say 10% orphan rates in the tumblingblock pools...