Not exactly "all combined", but it is an impressive showing!

bumface, i sent you a message on here. For some reason im not listed on the pools of ultracoin.net, ziggy told me i would be at the top since we were one of the first and i wasnt put on right away. ultra.minepools.us - 0% fees

Still though, 7 days of mining will leave ALL miners (500+ of us) with about 2/3rds of what 38 people own.  In the long run, it won't be an issue I suppose, but I think it was shortsighted to pay it all out in lump sums upfront.  I know that was the deal, so that's how it was handled, but I don't see how this benefits anyone mining or trading that didn't get in on the premine purchase for at least two months.  Most alt coins barely have interest that last that long right now.  It creates a very real sense of selling pressure whether they hold or not.  

It isn't like anyone really believes someone when they say they're going to hold until it's 3 dollars on here.  If the price drops from $0.19 to .05, people panic.  It doesn't matter if there is reason for it, they just do.  


The point of my initial argument here was that you specifically stated this was meant to even the playing field between miners and traders, though.  I don't understand how selling to 38 people evened out anything.    

FRESHMARKET trading UTC is not really effecting anything. the volumes are tiny no one trusts that little trade. any big volumes and they could just dissapear hence 7 Feb onwards when it hits other platforms is when it will see demand

Yeah, difficulty up and price down. About same profitability as LTC which is abysmal.

Premine was an incredible, truly unbelievable... 10%.

I asked this question before, but I didn't receive an answer:

The OP states that selling stakes was to be done to make it more fair for traders to compete with big miners who have an advantage at the launch of a coin.  

How does the philosophy fit with only selling to 38 individuals who collectively own 11+ days worth of mined coins?  You've basically created a trading monopoly far bigger than any miner could have accomplished.  

I'm not trolling, I'm still trying to get some answers on how this stakeholder business was good for the coin long term.  The only clear advantage is for the coin creators and potentially for the stakeholders if the value goes up.  I feel by trying to thwart large miners, you've potentially only catered to large traders that no longer need to buy their coins from miners.

You, stakeholders are not really smart ... not more than miners ...

You are debunking yourself .... When you proclaim to be a stakeholder, you forget that the figures are available.

You are 38 ..... 1 600 000 / 38 = 42.105 coins

But wait, apparently, all declared stakeholders are talking about 20.000 or less ... (5000)

I noticed at least 10 stakeholders announced 20 000 and some less ...


Kepp it up like that , in a few days we will realise that only 400 000 of the 1 600 000 premined coins were distributed.

Thank you

Son, I'm into coins since 2011 when BTC traded at 2,40 bucks and I have taken my share.

I'm not planning investing into any coin which gives me 'bum' ROI.

A "founder",  a "dev" and an "external consultant" have absorbed  80 BTC == 64000,- USD.
Was the performance of these folks adequate for that salary?

I don't care how much they make, as long that money isn't coming from my wallet.
From experience I have seen these folks of such kind being fast in making money
but even faster in squandering their booty.

Now 2,000,000 UTC are waiting to be resold.
You don't have to be a genius envisaging future price action.

So noobs and newbies mining this coin will have an interesting learning experience to do.

Taken in a vacuum you would almost tend to sympathize with the crocodile tears being shed by the dev for his moderation efforts.

You have to realize however, for the ones complaining about the deleted posts, this is a mode of operation that they have become used to through the running of their own site. At Btc-e they host a chat that is strictly monitored. Any mention of specific coins that they dislike,  like Doge, or sites they dislike like Cryptsy most often leads to a ban of a week or more. They shroud this in not wanting talk of competing coins, but the moderation really only applies to the few pet peaves that they have, and an occasional 1 hour ban for others to add believability. Their default behavior is to censor so that their own propaganda can be heard above all else. It seems that the real solution would be to start other threads that they can't delete the posts on. Negative press is negative press, and if you have 100 threads screaming about the failure of the coin, its much more effective then posts 100 pages into the announcement.

The real irony is that they rail against Doge in particular for being premined, and a joke. Then at the same time they release a premined coin. Whatever the basis of that premine is. I don't really feel that a pre-mine is a horrible thing. All currency is pre-mined, I can't be mad that Joe Bob got ahead i the game, when he got there first. As long as there is 'enough' fairness, thats all there really needs to be. Still, there is some real hypocrisy involved here when they consistently deride other coins premine, and then one of their own releases a coin that so loudly touts its use of that tool.

Oh yeah, about design. My skills aren't suitable?

If not, when will be the logo contest?

It's TIX, APPLECOIN, QQCOIN, VELOCITYCOIN  clone with a new name. Could be good, could just be nothing. A gamble i guess. You are paying premium here for a possible marketing team. So many coins though... have to wait and see.

"Ultracoin has employed many influential people for ammounts like 5 btc, 10 btc and 15 btc per person as well as UTC rewards.Every person brings a different skillset to the table and is hard at work to make things happen for UTC."

So, what skillsets are these, and what makes this coin different?

I read everything in the OP and there doesn't seem to be anything new. Perhaps hype to push the prices up? I am interested to hear a response to this though as I don't want to slate a good coin.

 can we still use old wallet without any issue?

Where can I find out total amount of UTC mined so far

I have no dog in this fight but want to give my opinion. I know about opinions.

I am new to mining, been doing it for only about 1 month now. I have been following this since the announcement.

I am totally disappointed/frustrated with this coin, launch and handling so far.

The timer on the first post of this page showed all week even Saturday morning that the launch time was 8 pm my local time. I received an email from someone asking me if I was ready for it in  a couple of hours to be launched. I went and checked the timer again and sure enough it was pushed ahead 6 hours early. Now is that my fault for not checking it every hour? If I didn't receive the email I would have been 6 hours late. It made no difference since I couldn't get anything working until around 8 or 9 pm anyways.

I feel the coin should have been stopped until all the problems was sorted out at least it would have been truly a fair launch. No working pools. No where to find the nodes to get solo going. Only pool working you needed invites or pay to join. The official pool still isn't up and running but other pools are popping up, yet they are not even listed on the first page for someone looking to mine this coin who hasn't started yet.

Yes I know people where able to solo from the beginning.

And too believe that this coin will not be dumped is being unreasonable. Not saying that the dev or any one associated is going to do it but I have yet to see one in my short time not happening when it hits.

And yes I am still mining this coin. I plan on doing it until the 5th and see how many I have and then I will visit freshmarket and sell them all.Just being honest. I learned from the coin I was mining right before this one not to take too much of a chance. Went to bed it was worth $190 for 500 of them. Woke up the next morning they were worth $22. Dumps happen. This one will be no different.