it should convert to 100% pos.
no need for more ultracoins
f instadump-miners, f asics, f litecoin, f the bs that huge moneysupply is needed, look at blackcoin.
just cut the supply of ultracoins, turn it to pos and make multipool.
i want my $50k back, i dont give a crap about miners making profit. if your a miner then go mine all the other coins that going to go to 1 satoshi
dont dump, then you loose money, things will get better in UTC |
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Progress report:
-Change the blockreward
As you know the current model turned out to be unsustainable,so we had to take action to ensure the interest of everyone.In this original model the daily supply is 144000 as opposed to LTC`s 25000.This means there has to be at least 6 times more demand for UTC then there is for LTC.This is an unrealistic expectation for a new coin,aswell as having 52% of the total coins mined in the first year.
We are taking an eco friendly route and all mining will be completed within 6 years time from now,we will have a blockreward of 15 for 4 years, and then a blockreward of 10 for 2 years.After this 6 year perdiod we are transitioning into 100% pos,and 10 million UTC will be distributes as POS rewards.
I beg your pardon. My translator translates badly so I do not quite understand the meaning. You're talking about reducing the volumes of coins miners, or that soon the miners will receive many times more coins than it is now? Say, now, I get a day at a speed of 350 coins ("+ - " 400kН/s) How much will I get coins after this update blockreward? More or less than this value, consider the complexity of course constantly. Thanks in advance for your reply. Hey! Have I asked the question so complex that it no one can give an answer? Dear, bumface, please give an explanation. Sorry, but I have to repeat my question. Once again I am sorry. You know very well English, I do not know him. My Google translator translates badly. And I do not understand. After a change in coins reward will be more or less? less 50 ----> 15 |
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Very nice logo's (un)talented!
All the upcoming updates are quite nice Bumface, but how about marketting? Can't u hire a firm to do it for you?
We really need to expand the community, the way I see it there are only 5-6 people actually doing stuff for UTC, which is far from enough...
yeah we can use more marketing, but right now there is no budget for that in btc or in usd. |
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These just arrived to me today! Ultracoin physical 1.5" Black Nickel collector coin! I did a limited batch of 100 coins. They are individually number 1/100 through 100/100 . Here is a quick picture.  Front side has a UTC logo with a coin design I made. The backside has some coin information ( coin release date, total coin supply, coin type ) More pictures to follow, and I will update them on my website as well! I'm going to start these at an Intro price of $11 for each coin! http://www.cryptomemorabilia.com/product/ultracoin-collector-physical-coin/-Brian Gleason http://www.cryptomemorabilia.comThat looks great man!! |
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if btc continues this uptrend i wont have to sell it at all.....get it while its available!
Im interested but how can you reasure me that everything will go smooth....escrow ? how and why should i buy this from you, would prefere som suggestions out in the open before we go PM. How: pay btc Why: massive profit |
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When is the block reward changing?
within a few weeks max 2 weeks, maybe this sunday sounds better  Too short is BAD. You need to give enough time for people to adjust to the upcoming lower block reward. Then in best case scenario, people will start buying more UTC in anticipation and price will rise before it. If the price does not rise and block reward halves, you'll just get less miners and price will remain same. So yeah, I think minimum 2 weeks and max 4 weeks should be a decent time frame IMO. blockreward change has been announced weeks ago |
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When is the block reward changing?
within a few weeks |
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Are we still getting second block explorer? Bitgo is down for more than 24 hrs
somebody is working on it  |
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Hi all. I'm with Ultracoin for a while and as most of us I would like that our "precious" go up and up. I've been wondering is it difficult to implement Ultracoin paymants on internet auctions such as ebay or Allegro (in Poland and all Easten Europe)? Maybe there are some legal issues I have no idea of, but it would be great to buy something and pay with Ultracoin Of course portals like those could collect some fees for each transaction ie. 0.1 UTC. If that's impossible or stupid just ignore my post  hi you can use utc to pay with various sites on https://pock.io/cardsother spending places can be found here: http://ultracoin.net/shop.html  |
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Progress report:
The devs are working hard on the phase 2 wallet update,and are making great progress.
This update will feature:
-Heartbleed fix
The heartbleed bug exposed vulnerabilitys in the OpenSSL protocol,on the reccomendation of the bitcoin core developers we are taking action to ensure the safety of our community,this also shows we are on top of the developements as an active team.
-Coincontrol
This fix allows users to keep old coins for maximum pos reward,and only spend newer coins that came into the wallet.
-Change the blockreward
As you know the current model turned out to be unsustainable,so we had to take action to ensure the interest of everyone.In this original model the daily supply is 144000 as opposed to LTC`s 25000.This means there has to be at least 6 times more demand for UTC then there is for LTC.This is an unrealistic expectation for a new coin,aswell as having 52% of the total coins mined in the first year.
We are taking an eco friendly route and all mining will be completed within 6 years time from now,we will have a blockreward of 15 for 4 years, and then a blockreward of 10 for 2 years.After this 6 year perdiod we are transitioning into 100% pos,and 10 million UTC will be distributes as POS rewards.
Dcgirl is working on the arbitrage program and its going to be a powerfull tool to expose arbitrage pathways to gain profit from.This fantastic it wil be based on a freemium model,that means the program is free ,and you can get enhanced features and functionality by monthly subscryption.We are doing this because we need to fund the developement funds to attend more conventions like the sweden conference where i was aksed to attend an altcoin panel.
We are also developing the ingame payment strategy , as well as communicating with a company about an online payment processor.
many nice developements in the Ultracoin community so stay tuned!
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Ultracoins future is so bright, soon you will all need sunglasses
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if btc continues this uptrend i wont have to sell it at all.....get it while its available!
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Question to the developers - why do not you raise the price of this coin exchanges, ak do now say with BlackCoin ( https://www.mintpal.com/market/BC/БТЦ) or FlutterCoin ( https://www.mintpal. com / market / FLT / BTZ)? There infusion of about 500-1000 Bitcoin failed to make the price more than worth ultrakoin now, though a few days ago they had the difference in price was ten times. (Вопрос к разработчикам - почему вы не поднимаете цену на эту монету на биржах,ак это делают сейчас допустим с BlackCoin ( https://www.mintpal.com/market/BC/БТЦ) или FlutterCoin ( https://www.mintpal.com/market/FLT/БТЦ)? Там вливанием порядка 500-1000 биткоинов удалось цену сделать дороже чем стоит сейчас ультракоин, хотя еще несколько дней назад разница у них в цене была в десять раз.) how do you want us to raise the price? |
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Thanks to everyone that has donated to http://utcchain.info/ so far. This community is great! I'll be updating the site and this thread with progress as it goes (unless it is more beneficial to make a new thread? or keep it strictly to the site?). 200 UTC donation coming right up!! everything for UTC coin!! the C in UTC means coin ,so you said ultracoin coin |
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NItro hashrate is becoming healthyer! good job guys, keep it going |
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