Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC)

For those of you that have been following the pool percentages, have a look now at http://bitgo.pw/utc/#pools

It is a much healthier situation now and we are once again decentralised at this point in time.

Yes that was very healthy indeed.

But lets look at the results, bring Nitro down with a ddos attack, lower difficulty and when pool goes back up you have a bigger hash working on less difficulty for the next 200 blocks.

Now lets look at the math, our pool gets an average of 70% of the hashing power. That means it should demand a 70% of 2880 blocks which amounts to about 2016 blocks/day

We are at below that level, so we are not stealing blocks from anyone. Our pool is running within the norm limits of any pool. As far as orphans are concerned, I did mention this more than once that is caused by latency, and not Nitro. We have our average share of orphans too, if you have more than usual, there is methods to fix that. Not all pools are having the orphan issue, beyond the daily norm.

We are heavily invested in this coin and it's future. And will not resort to kiddie scripts. And assure you it's not because of lacking the know how as we can make the situation much much healthier, It's just because we will not go that low, and harm the community in the process.

We been working behind the scenes with Bumface to come to a nice way of distributing the hash. Without taking extreme measures on our miners.
We are not ignoring the situation, but we will seek a good resolution to satisfy everyone.

When I sent that post, the graph actually looked like Nitro was just under half the graph. I did not realise the pool had gone down. I just thought that things were correcting nicely, no disrespect intended.

No offense taken. I just wanted to reply to your post because I wanted to point out that healthy is not what it seems it is sometimes.
I also wanted the math as how many blocks we get per our hash, any one with a 5^th grade math level would know we are taking in less blocks than we should be. Yet you hear over and over how we are stealing!!! They posted the figures and yet the math they use is awkward and bent. If they did the math correctly, they would know not only we are not stealing, but we are not using our hashpower, to make things balance to our favor, and I assure you we can do that by applying a simple config on our pool and not by using a kiddie script. If anyone accusing us of stealing has the math to support his lie, I will gladly believe it. That puts us at the + 51% issue and that's the issue we are trying to deal with at Nitro, not because it's causing orphans elsewhere, or because we are stealing, but for one reason and only for that one reason. We want confidence in UTC to rise, something we worked on in the past, and will continue to work on in the future.