Quote from: Protagonus on April 05, 2014, 02:33:45 PM

Quote from: bumface on April 05, 2014, 12:58:25 PM

a little bit sooner then announced, and i might edit it a bit or add things that i forgot but here it is:

http://www.youtube.com/watch?v=-qMOcFzF2c4&feature=youtu.be

Michael

Excellent work, meeting and update!! Very nice to see all the plans moving forward. Also it was nice to put a face to the bum; as it were.

Quote from: Thirtybird on April 05, 2014, 07:17:20 AM

Quote from: bumface on April 04, 2014, 08:42:36 PM

Quote from: TR8888 on April 04, 2014, 08:05:15 PM

Sounds good bumface.

When the next nfactor hits, Can we expect cpu-mining to be a bit more realistic?

expect an N factor delay withing some time

(extending the gpu era)

-1

UTC being the only scrypt-chacha coin on its own schedule makes me sad. I was looking forward to seeing how your momentum did when people had to figure out how to mine at N=13 and 14...

Quote from: ivanlabrie on April 05, 2014, 02:09:48 PM

Quote from: SxC on April 05, 2014, 02:05:10 PM

Quote from: ivanlabrie on April 05, 2014, 01:42:21 PM

Excellent news, except for this part: "-N factor delay (at least 2 more years of GPU mining)"

WHAT!?

What exactly does that mean? I can gpu mine coins well into n factor 15...come on!

The nfactor changes was going to fast to early

We need to be able to take ppl in july that gpu mine

And the way UTC was going that would'nt happen.

So bumface is rolling back to an earlier nfactor or just increasing the time before the next changes happen

That sounds pretty bad to me...rolling back n factor ugh.

Whatever, I hope it helps increase popularity but that kills it for me. I think it'll introduce a new generation of dumpers that won't give a dang for the coin, whereas higher n factors would keep dedicated miners onboard.

The change was made to not follow the same fate as Yacoin. There is absolutely no reason to increase N to such high levels so fast. I guess thirtybird gave one "I was looking forward to seeing how your momentum did when people had to figure out how to mine at N=13 and 14" not sure I would want to design a coin "just to see if you could mine it". Higher N factors hurt network security more than a concern of miners dumping a few coins. Also, keeping lower N's will allow a larger base instead of just "keep dedicated miners onboard."

UTC does not want to follow the detrimental path Yacoin is on and stuck with. Verification of this can be seen here: http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=yac-btc&market=cryptsy

You guys seem to want UTC to:
-Drive away miners
-Perpetually loose value rather than increase
-Run N factors that are resistant to devices that won't be produced for years if not a decade. (n 14-15)
-have no long-term network security

If we wanted these aspects there is always Yac..........

Sorry but that's a bunch of crap.

I can mine all n factors just fine on gpus that are out NOW.
Even more so, higher n factors start to normalize hashing power between devices of different price ranges so in the end it's better for descentralization, takes the power away from the huge scrypt farm operators and back into the little guy with a cpu and a bunch of cheaper gpus. (at least till the big guys start to figure out they need different hardware for optimal results).

Your statements are not correct, and I can prove them wrong really easily, at least on the hardware side.
Yac has been around for a long time now, and it has battled the insta-mine burden for a while, lots of negative press...but it's still a pretty solid coin, and excellent for small time miners.

"-have no long-term network security" -> this just got invalidated. Anyone can solo mine a coin with higher n factors, at least way easier than solo mining a scrypt coin or something like vertcoin which attracted all the farm dudes of the world (they are all lazy and have tons of outdated hardware at their disposal).