Bitcoin Forum

Started this thread to allow us to discuss Ultracoin free from the dev deleting posts he doesn't like.

Theres one way to show how we feel about their treament, go to doge. Either devs should relaunch, come up with pools or at the very least say something. Just deleting posts, kinda awesome.

SCAM BY ORGANIZED BTC-E BULGARIAN MAFIA GANG

Heh, seems they wont provide some info for smooth start, well, more coins for Chosen ones)

My main goal for this week: keep this coin from the exchange on feb 7.

They deleted 2 of my posts, guess there was a truth in it.

hows this a scam lol im mining hit 6 blocks.. read through the official threads if your not mining correctly follow the instructions

This Koolio guy is a BTC-E mod (or has been) iirc?

Guess he's in on it, defending the OP (duckface, or what's his name).
edit: ah, bumface

It is what it is.  Maybe better to just move on.

If they want public support for a coin, they need to support the public.

A programmer can fill in the blanks, adjust the pointers and get it running, but an
audience limited to programmers is unlikely to ever build any kind of significant value in the coin.


{
"version" : "v1.0.0.0-apqq-beta",
"protocolversion" : 70050,
"walletversion" : 60000,
"balance" : 150.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 353,
"moneysupply" : 2017599.99994000,
"connections" : 8,
"proxy" : "",
"ip" : "x.x.x.x",
"difficulty" : 2.78305967,
"testnet" : false,
"keypoololdest" : 1391281361,
"keypoolsize" : 102,
"paytxfee" : 0.00000000,
"errors" : ""
}


So their premine was 2 mill?
them people have gotten 17599 coins somewhere...
But total utter silence from devs, their rep is fast going in the negatives with this.

Yea, this coin is looking pretty bad! On to something worthwhile, I suggest everyone else do the same before you waste your hashes!!

Diff keeps rising so people haven't figured it out yet.

ya I couldnt figure this one out either on to the next one!

Worst launch ever.. It's been over one hour and still no pool.

Sloppiest launch I've seen with such a hyped coin!

Nothing works, no pools, no devs helping out etc. I am sorry for those who bought into this coin before launch.

Nahh, the're Dutch ;)
And probably more geek then mafia ;)

The official thread has been locked by Bumface. That is the solution to the problem, instead of dealing with making it work...

http://utc.idcray.com working pool

Took me 2 hours to get the mining started then diff went up now I can't find a block.

bumface and koolio are boths mods on the btc-e trollbox

i expected a lot more from this coin. disappoint.

need invite for that, cant sign up

Working pool that is already not accepting any new registrations....

Glad I signed up as soon as they made the announcement. The first good thing that has happened to me this night.  :D

I have only rejects on my 2 workers, it doesn't work

bumface just messaged me hes working tirelessly to try and get the pool up and running.. give the guy a break its not a scam coin, its teething problems, its still early days it doesnt trade till 7 Feb so chill we can all mine some

+1


Ziggy is former mod as well as (neotrix) crypto-trade.

Very coordinated it seems :/

seems somebody is messing in the network, diff gone from 4.8 to 3.9
hmmmm....

the only pool up atm that I know of;  http://utc.idcray.com   Is controlling the large portion of network  Running between 500Mh and 260Mh

The pool is INVITATION ONLY!!!!!

True. After seeing HackShard giving up, I can understand how hard it could be to set up the pool.

Lol...  ;D Talking about a scam...

They took 1 hour of my life.

I hope their coin ends up in a coin graveyard.

anyone got an invite to a pool?

moderators gonna moderate lol

I had a hard time getting going too and a pool would have been nice. I'm theoretically mining with cpu and finally got cgminer with jane patch running.

I had to google wallet cgminer solo mining or something to put all the pieces together.

I thought I had mined scrypt jane with my normal cgminer before so had to run and download new crap. Finally got running at the tale end of diff 3 so I missed the good mining time.

Not knowing how to wallet mine with a gpu or make a conf file is not the fault of coin devs so while it was frustrating I can't blame them.

The fact that they chose to hold the pool kind of smells like they wanted to grab the low diff blocks before the hoards got in. To avoid this kind of accusations dev's should have a pool and test the thing before launch or there will be loads of people trashing the coin because they cant mine.

so far 30 min at 550kh and no coins after 2 hours of getting set up and a day or two of watching for and preparing for launch so at this point not really worth the frustration.

If they are mods doesn't mean they don't wanna free money.
1. Bad start without nodes and miner parameters ------------>cannot sync -------->devs instamined
2. No pools ---------------------------------------------------------------------->devs instamined
3. Moderated thread-------------------------------------------------------------->devs don't wanna people to know about instamine

http://utc.idcray.com/ if anyone wants an invite to the pool, inbox me your email and send 1 LTC to Le24RqvHbUN449SxS2spzqkg5Pruu5xgD8.

when coin is received you will receive a referral invite to your email

Be thankful that you only wasted 30 mins of electricity I was mining from the start and got nothing either

I thought the pool was giving 100% rejects?

lol 1 ltc  :D

Charging a fee for a pool,  this is also new.......

OMG when i thought it can't be worse lol now scam pools

2 letters for you.....
F U !!
Big time barbie

Ziggy and bumface

NO!

http://static.hothdwallpaper.net/51aef0d1caf4a96132.jpg

Beavis and Butt-head

Creativity of those MFs is huuuge..

Will send free invitations. Pm. I am here for 15 mins.

This is a crap scam coin. Just let it die slowly. No one will support this bullshit and it will not be on any exchange.

I think the guy is a puppet, probably DEV. lol, talking about a scam..

Yeah, ultracoin sux. Dev says "14 days" and then 14 days becomes 14 hours. And fucker deletes messages that he doesn't like.

I will mine this coin and dump it nonetheless.

whats funny is the paid invite pool has 236 miners. I wonder how many actually sent a lite coin?

what command in the wallet shows total coins?

getinfo in debug console shows

"version" : "v1.0.0.0-apqq-beta",
"protocolversion" : 70050,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 539,
"moneysupply" : 2026899.99776000,
"connections" : 8,
"proxy" : "",
"difficulty" : 3.86961955,
"testnet" : false,
"keypoololdest" : 1391284329,
"keypoolsize" : 105,
"paytxfee" : 0.00000000,
"errors" : ""

still no coins for me after an hour at 550kh. maybe I'm doing it wrong but cgminer is working.

I thought it had become obvious hours before the launch time, that there were problems with the pools. And it became obvious after the launch that most people hadn't a clue how to go about solo mining. So not all the developers fault...

But it is about time that all the coin developers, and pool developers, and exchange developers, and any other developers realised that should check and double check everything is working as it should BEFORE making any announcements, NOT as soon as they think they've had a cool idea, otherwise there is going to be trouble. And when they plan to launch they should already have a team of support staff trained and ready to go. Why think that one or two devs can deal with a potential world-wide group of angry miners?

Yup, bumface was setting up the pool so the bounty goes to... bumface... how surprising...

Have read the ultracoin topic when it first announced the coin.

Desided then already that I woudnt go mine ultracoin.

I'm happy I stayed with Klondike coin today.. at least thats a coin with 0% pre-mine, zero complaints about launch. Dev's BUYING their own coin, because they believe. And has a roadmap with many awesome things plannend.

To be sure, I just read the ultracoin topic again:

- 2% premine
- 0.1% for dev and founder (=distraction, read further!)
- Selling 1.6% instantly through a bidding system. Minimium of 0.5btc for 10k coins. They had 1.6 mio for sale. That's minimum of 80 (EIGHTY) bitcoin they earned if everyone was betting at minium bet.

LETS PLAY THAT LAST ONE AGAIN: first they just blunty sell 1.6 million coins for 80 bitcoin (76.000 dollar's) and besides that keeping 100.000 coins (worth 5 btc at their min. bid price) for themselfs because of time and effort. I can understand the effort and time investment. But why then also sell for 80btc coins? They made way more with that then the 0.1% they are keeping. That 0.1% just a DISTRACTION from the real deal.

In other words: they pretend they only keep 0.1% of coins mined, but just sold 1.6 million for 80btc.. LOL. Dumping their own coin > before it hits any exchange. Compliments for dev and founder. Wish I made this up and made almost 100.000 dollar in a day.

45 bitcoin each for a coin that exists not even 24 hours. Big compliment to the founder and developer. Wish I made up this scheme myself. If this coin dies tomorrow, the founder and dev have made a year salary (each) in a single day. Will they still care for what happens with this coin? I feel sorry for all who bought ultracoin today.

I was and will stay mining at a way more serious coin with 6 actives dev behind it: klondike.

Cheerio!

Been watching this fiasco...Work thru the night and no official pool at launch  ???  IMHO the devs are pretty incompetent at giving it a fair launch...so I wouldn't put too much hope on this one now...they spend too much time raising their 80 BTC rather than working with pools to get a good launch.

Dogecoin to the moon!   ;D

I literally just received my pre-order worth of UTC into my wallet. (Less than 5000)
So yeah, you found one at least.

+1
Back to DOGE

UTC investors  bag holders will find out on  Feb. 07,
that they filled the pockets of some btc-e chat mods posing as coin "founders".

yes what a scam coin haha cant believe i wastie 30 minutes of my time on that

Another scamcoin bites the dust. Good I didn't even see this one until now.

Cool, I think this coin is intsamined like a shit. I mined 8 hours with 2 Mh/s and got only 100 coins. But... I saw sell orders on >1000 just after the launch when pool wasn't started. Returned back to LeafCoin.

You know we can always vote against it when we see add for : vote for us on cryptsy!
We the miners say NO!

I was definitely hoping that it all went smooth on roll out.   I didn't have any luck solo and wasn't going to do invite pool.

Been still keeping an eye on it though.  Seems at least there are 2 pools getting good hash and showing blocks at least.
http://utc.greekpool.eu  Has 160Mh+
and
http://ultra.nitro.org Has 130Mh+

I'll watch these, or any others that get good hash and are no invite.  Maybe, maybe I'll try a pool if they go well.

Very cautious atm. after launch

Yup, you summed it up.

I don't trust BTC-E anymore.
Never lost a coin but knowing these scammers are hired there, I won't trade a coin over there, ever.
And I traded a lot over there, see BTC-E chatlog (I know it's logged somewhere).

Exactly what i expected. Scam

Not going to trade that shit... no way

+100

I am disappointed from this launch.. so little information, only one pool (you must pay for invite), so this is definitely NOT a fair coin for everybody.  Because I am common guy mining from the beginning and I get only 50coin for 2h . I think only few people in the pool have chance mine a lot of more. so fuck it. It is premined and instamined, just because of lack of information and devs support. But people are so hungry for new coins and chance to get rich, so many of us will accept  this coin. They just could made first xx block without reward for chance to setup mining for more people.

The Ultracoin devs scammers have deleted my posting from their self moderated UTC announcement thread.
So here we go again:

Quote
Quote from: sixteendigits on Today at 01:35:04 AM
Quote from: darthburnstuff on Today at 01:31:23 AM
So can anyone explain why hash rates are so low?  I always get much better hash rates with Scrypt-jane.  ???


Bumface is charging .5 BTC for his own closed source super-fast miner, seems a little shady but hey, his coin his rules, nothing you can do.  PM him for details.


LOL.  Ultimate ultra scam coin.

Pay for premine.
Pay for pool access.
Pay for fast miner.

Nomen est omen!
These trollbox mods have no class.

If it barks like a dog  it IS a dog   ;)

Enjoy, scammers!

  but not my dogs /project   ;)


added comment as goblin25  ;)  read it

any rumours of anyone in the team selling invites to pools are of course nonsense. we've been working with the pool devs all night getting their pools set up and these:

ultra.nitro.org %1 Pool fee.
utc.pool.pm %1 Pool fee.
utc.greekpool.eu %1 Pool fee.

are now confirmed to be working fine.

it's a bit over the top shouting scam because of teething problems. So you missed out on the first 5 minutes of mining - i missed out on four hours before i got things working, and my problems had very little to do with the devs. Which from reading through the piles of crap written so far seems like most people were in the same boat as me.

Things are working now and some of us are pretty happy.


Making up rumours and calling scam doesn't get you any kudos with anyone but yourself.

don't worry you are not alone :) the dev even told me there will be no instamine on this coin hahahahah on twitter and still people istamined it, nice trick ;)
anyway it's cool i am mning it now at diff 8 i'll dump it as soon as it hits first exchange ;)

I do not get why people are complaining about this coin...

From start on it was know that this coin would bring no innovation whatsoever. People just jumped in on this coin because Bumface was behind it. There is no development team involved, just one developer Ziggy. Bumface is not a dev himself (he never said that either).

Everyone who bought into this coin and now complains about the weak techno-infrastructure behind it was just naive from the start. You knew there was no innovation in this coin, you knew only one dev was invovled, you knew there was a premine from which all gains went straight to the founder/dev.

In other words, you could have known... everything was as transparant as ice. I wouldnt even say its a scam.

Its almost the same as someone selling you a bag full of air and you just buy the air because the person holding the bag is someone famous. This person is not scamming you if he made clear that there was air in the bag.

can you do anything about the http://utc.idcray.com?  They started at 80% of total net hash and now they are still over 50%.  Doesn't seem fair to have a single pool with the ability to take the chain AND get twice as many blocks;  as the rest of the world.

I didn't expect this from Bumface.. Looks like he went the way of the scum Koolio. The guy fabricates just about everything he is involved with, but hey, I guess when you live with your parents well into your 20's, what do you expect (I doxed him long ago). If only he had anywhere near the 200k LTC he has claimed to have for a very long time, yet conflicts that statement in numerous public comments. Don't get me wrong, he's got a decent amount of Cryptos, but is a gold fish.  Guy has luck, he simply needs some brains to go with it. Anyone with half a brain can read every move he makes, which 90% of the time is opposite of what he tries to portray.

If you're wise, stay away from this at all costs. Oddly enough, Bumface used to actually be the guy that also called out Koolio for being manipulative. How times change.

lol this is the thread for all the NOOBS who couldnt figure out how to mine it correctly
no issues here from the start, ZERO, you all are spreading FUD\
edit-except pools getting ddosd, not their fault

Lol, scam without issues, true story.

Good place to post deleted comments by Bumface:

DOGE pay-for-spammers hired off elance have been instructed to post with new accounts here on this thread and the UTC ANN thread with negative comments about UTC.

I have no proof, but that never stopped anybody else from spreading FUD.

certain people do it on purpose, knowing with low volume people will panic sell into their extremely underpriced buy orders. than they wait a month or so and sell for 10times profit. the noobs are the ones listening to them and panic selling.

Don't think it was a scam as much as it had horribly poor preparation and testing.

The miner settings for pooling ultimately worked on a friend's CPU (i.e. laptop) but never on mine and we used the same parameter settings.  Plenty of people had similar problems.  It seems like the mining software worked on some machines but not all.  Don't know if this is due to scrypt-jane or their own modifications.

Poor planning and execution with their official pool which they never got working.  

im sure bitcoin came out and never had a problem.

Yea, great comparison, Bitcoin and UTC. I completely see the comparison.

Sorry, known shady people involved (Koolio), censorship in their thread against negative comments, custom pool software (why?), and many other questionable things. That on top of the fact that this isn't a coin that adds anything. I wonder at what point people stop chasing the next bitcoin and realize how stupid they are for investing in these obvious attempts to get-rich-quick by Devs.

I don't fault them for doing it, I fault them for not being honest about it. That's what drives me to call them out. When noobs start standing up to scams, we'll have a much better future.

go read the updated post from bumface on the front page...the people not being honest are the trolls. every coin that comes out now is a scam apparently. every release ive tried to mine has had this group of people yelling scam, and its funny because when i first started any coins i got scared off of at first, ended up blowing up and i could have made much more profit, but i bailed because of these trolls yelling scam. wait in a few months and see how much money you could have made if you hold these early coins and ill laugh at you
and the point is, new technology takes time. satoshi also had to update his client many times to fix bugs and what not, and i know it doesnt compare in scale, but new developers trying to learn/utilise this new technology, how else are they going to do this??? its trial and error.
the pools are different because its scrypt-jane, this isnt just the easiest thing to do to make a new coin and have it work out perfectly at launch people, especially with the crowds these coins attract now. its much more chaotic today than even 3 months ago with coin releases

You give bumface no credit for being honest about many of your listed complaints, right from the very beginning.  Yes, bumface was totally honest.  The first troll comment that I read of yours said "It's on... blah blah blah", signalling that you intend to remain as biased as possible against UTC, no matter what.  It doesn't make sense to hold a bitchy grudge against UTC due to your personal dramatic escapade with koolio, either.  You aren't some sort of internet superhero trying to save the world from holding an opinion different than your own, because nobody gives a fuck about your opinion.  At least when they know the truth about what brought you to hold said opinion.

I did indeed give Bumface credit, as I thought he was better than this. In fact he himself called out Koolio many times in the past on BTC-e.

I also told Bumface it was on when he deleted my comments, as this isn't BTC-e, most people don't take kindly to a new coin not being able to stand up to negative comments. Comments get sorted out by those that read them, and ignored when thought to be lies.

Why can't Bumface stick up for his coin without deleting comments? But thanks for pointing out the backstory, as you are one of Koolio's only "defenders" in BTC-e. What's your stake? :)

Defender?  No, I just am tired of watching you bring up your grudge with a persona in regards to the launch of a blockchain.

I bought 20K UTC at IPO and will buy another 20K when there is some volume on the exchanges.  I actually think one of UTC's selling points is that people like yourself with massive GPU farms can't easily control the market on these altcoin launches.  Hey wait a minute... maybe that is why you are relentless in your campaign against UTC....

I think I was quite clear with my issues with this coin, only one of which had to do with the shady chat mod who lies about 90% of the things he posts, and constantly conflicts his own postings because he lacks the intelligence to realize how clear his motives are. Can you tell I don't like him? I tend to not let go of attacking clearly deceptive people.

Thanks for clearing up your motives for defending the coin. Are you jealous of big miners? I wouldn't redirect miners to mine this coin if somebody paid me. Let's talk in 6 months about this coin, I'll be happy to be proven wrong, as things will shake out by then. Time is my biggest defender my friend..

I am not really jealous of big miners, besides the obvious envy when I look at my small operation, but I wouldn't take it as far as you are.  I totally understand your motives now that I have connected the dots....

Ultrascam!

Haters gotta hate

He who laugh's last laugh's longest

So atomicchaos just deleted a comment he made from the UTC ANN thread.  To keep the spirit of this thread alive, I figured it would be of some value to post it here.  It went like this:


Now what is so funny about his frantic comment is that he literally read through all of my trollboxarchive comments in an attempt to dig up some damning evidence linking me to BTC-e chat room moderators (http://trollboxarchive.com/byid.php?id=40778686).  How?  Who knows.  But when he came up empty handed, he had no other choice but to pull snippets of info from comments I have made and try to present them in a strange way.  I don't know if he was trying to scare me or embarrass me for making a living off of Apple products but one thing is certain, this guy is obsessive about trying to present UTC in a bad light and anyone who supports it.  He didn't find what he was looking for, so he improvised and tried to make it personal.

I am a UTC stakeholder for reasons I have made perfectly clear.  I like all the aspects of the coin (fast block, ASIC resistant, PoS hybrid) and the founder is a nice guy who is showing passion for the project.  I am not dumping my stake, either.  I intend to double my stake when a larger market for it develops.  Perhaps the reason atomicchaos is getting desperate in his attempts to discredit of UTC is because he is realizing he made a mistake in judging Ultracoin.

Only time will tell.  I think it is time for UTC!

Bump. Just want people to read this thread before buying UTC.

I share your opinion. Cryptocurrency had to be respected and fair to use on long term perspective and most "shortcuts" with wrong mining settings, closed pools and with sudden "closing exchanges" because of hacker  ;) - hard to proof and beleive...

Last1212 could you plz share opinion  what coins worth to respect?

LOL you make me laugh atomicchaos.... you think you know me.... you dont. I laugh at your pathetic being. I dont even need to argue or justify anything, Ill just laugh at your pathetic ways.... hahahahaha

I know you better than you know yourself, we both know this. I think you actually try and believe what you attempt to portray.

This seemed like a scam from the get go. First thing I say about UTC was when someone posted a thread on reddit looking to rent mining hardware because he had access to the Ultracoin premine. It was sketchy to say the least, and I hope that nobody fell for it. Even if he was just looking to scam people, and was completely unrelated to the coin itself, it left a sour taste in my mouth.

All I can say...I was amped to get in on this coin. Two official pools were to be set-up on thurs? before the launch. Pools never set-up. Launch came and people were frantically trying to solo mine it with a special miner released that day. Most could not. Pools were selling invites. It was a mess. I can't say that they were scamming and I don't really believe they are, however, that doesn't make the painfully botched 'fair launch' any better. I felt that fair implied an equal opportunity for all to begin at the same time, but in this case it did not.