blockchain is stopped at 252 block?
Taking a look. |
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How much progress is there on the nice looking wallet?
All i can see now it the plain old one.
Yes, this was in the Ann thread. Wallets are in development. Timeframe TK. |
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without an exchange though.... we don't have any reason to mine this... so... where's the exchanges?!?  The currency is only 1.5 hours old. Give me a few minutes... |
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.028xx coin with .87mhs....
I rented 200MH and had 5 coins in half an hour  I managed to grab 5 blocks solo, before the pools came online. Plus had 7 Blocks from the last launch coming my way. So really hope this coin trades at a good rate. If you dump before the massive incoming "insurance" dump lol So am I missing something with this coin. I don't expect that the other 5 coins from each block to be released onto the exchanges. Aren't those intended to be security should something happen and the coins be stole or something. Or am I missing the intention of these coins. Exactly, they will never see an exchange. OP was spreading FUD or trying to be funny. |
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.028xx coin with .87mhs....
I rented 200MH and had 5 coins in half an hour I managed to grab 5 blocks solo, before the pools came online. Plus had 7 Blocks from the last launch coming my way. So really hope this coin trades at a good rate. If you dump before the massive incoming "insurance" dump lol Insurance funds will be setup using POL software. Wallet can be monitored. |
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Why pools arent online yet?  Several pools are online. Check the main ULTC thread. Link on front page. |
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Insurance taking 1/2 the earnings? 5 coins per block + rising difficulty this coins for the asic's.
The insurance portion halves, it's not always a 1:1 ratio. This coin most likely will belong to ASIC given it's algo..? We are working on other coins that are ASIC resistant. Thank you, |
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please add node!!
rpcuser=user rpcpassword=password rpcallowip=127.0.0.1 rpcport=13801 daemon=1 server=1 gen=0 addnode=104.131.135.126 addnode=162.243.240.231 addnode=128.199.148.246 addnode=104.131.135.122 addnode=104.131.227.173 addnode=128.199.148.245 |
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Did you pull that latest source from github? Not sure what the issues are, PM me with more info and I'll try and troubleshoot with you. Thanks |
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why is the reward 5 instead of 10?
Insurance fund. Look at the original Ann thread for more information. How does it work? In a nutshell, Crypto-Asset Backed Insurance or (CABI) is what makes Umbrella possible with no premium required from the exchange or miner. A portion of Umbrellas block reward is automatically allocated into an insurance fund as it is mined. The insurance block reward is set to decrease geometrically, with a (TBD)% reduction rate, every (TBD)# of blocks. The CDIC will use proprietary algorithms to calculate the decreasing insurance allocation block reward/rate or (diaBR/r). A byproduct of reducing the insurance block reward is an increased reward, for standard blocks. One of the models used for calculating the (diaBR/r) is a modified Monte Carlo Method (VaR) or Value-at-Risk measure algorithm. This algorithm factors in the historical data of failed exchanges, the amount of Umbrella holdings per exchange, and it’s distribution on the network. Unlike the Greeks, duration and convexity, or beta, which only pertain to certain asset classes, value-at-risk is general. This generality makes it suitable for our application. These metrics will yield the rate at which insurance block rewards are generated and halved. |
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If anyone completed a bounty, send me your new ULTC address. But give me a few to respond.
Thanks
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We have not checked any of the pools yet. Give them a few minutes to setup as I am sure this takes a while. We submitted the source and files at 15:00GMT as stated, anything after that is out of our control. We are here for support if needed but it would appear some pools must be online given the current difficulty.
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Is the reward supposed to be 5 coins on this by the way?
Yes. |
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Please don't fear, Hardcoreminers is here!Added pool for Umbrella-LTC: http://ultc.hardcoreminers.com - DDOS Protected - Reachable through SSL for enhanced security - Powerful dedicated servers
Please don't fear, Hardcoreminers is here!
In the mean time, rent some rigs to get the coins!
Miningrigrentals
Leaserig Its dead??? Unable to connect to wallet RPC service: RPC call did not return 200: HTTP error: 0 - JSON Response: [] Sorry to say but your guys are really slow, it happened last night on MYST as well. Sorry he released when i was asleep in the middle of the night, didnt give me notice! But no pools are online yet! we are all in IRC For UBTC maybe we can release files to pools 15 minutes in advance? Everyone's thoughts? |
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For UBTC maybe we can release files to pools 15 minutes in advance? Everyone's thoughts?
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Everyone who downloaded the old wallet delete it along with old appdata files.
Which old wallet, the one after release? or DAYS ago Days ago.... Sorry. |
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Everyone who downloaded the old wallet delete it along with old appdata files.
Then fresh install the new one.
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Any pools yet?
no pools alive.... Pools, just uploaded new source. Check links. |
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rpcuser=user
rpcpassword=password
rpcallowip=127.0.0.1
rpcport=13801
daemon=1
server=1
gen=0
addnode=104.131.135.126
addnode=162.243.240.231
addnode=128.199.148.246
addnode=104.131.135.122
addnode=104.131.227.173
addnode=128.199.148.245
what name of the .conf file ?
umbrella-ltc.conf |
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If anyone has old wallet, remove it and delete directory ~/AppData/Roaming/Umbrella-LTC
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