The uPh3myb... wallet went over 5k Uno yesterday!  Are you going to take that, uc12eLRg?  




Those are 2 very nice piles of Uno!

Of course the pseudo #1 is Cryptsy, with Uno held in trust.  In my book, the true top wallet is uPh3myb.

I can volunteer Unobtanium.uno to host this, if that makes sense.
Can provide dokdocoin with ftp access.
We could put in on a subdomain, such as UnEx.unobtanium.uno, or whatever you'd like... exchange.unobtanium.uno, un-ex.unobtanium.uno, etc.

Got it. Order cancelled.

LOL.

Click the meme to continue the discussion.



A lot of cool discussions start here, but they don't end here.

I got my DVC today. It suddenly seems quite real.

I put in a test buy order for 1 DVC for 95 NXT, just to further my learning. Don't take offense to the low offer.  It's every Nxt I own!

I'm still feeling my way with NXT.  Does anyone know if it's possible to exchange Nxt-based assets directly, without going directly back to Nxt?  I/e exchange Nxtty for DVC?
It would be interesting to establish a Uno-equivalent on NXT (i/e issue Nxt-Uno coupons that tie back to the Uno blockchain) and trade it for DVC.

Mark, can I contribute some Uno to help defray your cost for issuing the DVC asset?

Now in it's sixth month vs btc. I hope the streak will continue.  I think it will.

Thanks for replying to my question about what other coins you guys like to trade.

Here's a thought:

Bleutrade makes it possible to trade Uno against any other coin they have on their board. For example, Uno/Pot is ready to trade at
https://bleutrade.com/exchange/UNO/POT
Except for one thing; there's no orders there.  

But if you're passionate about another altcoin besides Uno, and if Bleutrade has that coin, think about becoming a market maker for that pair.

If you're already spending time watching both Uno and (say) Pot, you've good a good idea of the price of both and how they move. You'd be in an good position to make the market. Why not bring the interests together.

This would provide an opportunity to reach out to (say) the Potcoin community to introduce the "new" trading pair and educate.
It would also put your Uno to work earning you either more Uno or more Pot (or both).
It would take more Uno out of the Uno/Btc market.

If anyone steps up and tries to make a market for an alternate Uno pair, you can count on me to do what I can to help promote it.

Cool! Maybe I'll take on that 1% game now.

Just wondering what else people here trade.

After UNO, what's your 2nd & 3rd favorite crypto?

Yes.  Genesis says they distribute their hash through multiple pools, so that means they are already decentralized to an extent.  I don't know which Uno pools they work with, if any. But if we help make Genesis successful, I think other cloud miners will see that Uno is a solid partner and will also want to add it.

This is from the Genesis faq


You're right though, a second cloud miner would reduce business risk (i/e going out of business, which could evaporate the hash). Genesis-Mining seems like a very strong company, with good service and a professional attitude. I'm very hopeful for their future, and also invested in their hash. I would never have spent any money with them without Uno in their lineup.

Yes! That's it exactly.  Not far from me is a field where they run old tractors on the weekends in the summer time. They roll out these giant bulky old steam tractors that burn coal, and they plow the field with them. They're dirty, inefficient, slow, and unprofitable, but still amazing. What those guys do with old tractors, I'm doing with some cryto, and for the same reason.

I'm trying to preserve a few select abandoned coins for no other reason than I can, while it's still possible to find the blockchains. It's like a blockchain museum.   Block erupters can be bought on ebay for about $5 now.  You can get a 10 port USB hub  for $20.  I have lots of old computers here, so I just plug it all together and let it run. The electricity costs are low.  Seeing all of these other coins in my crypto ICU, helps me appreciate what makes Uno so healthy: good community, good concept, good devs, good miners, good exchanges, and a little luck.... it all has to come together for a coin to make it their first year.

All of these shitcoins shouldn't all be saved of course (and I know people who would disagree that any should survive), but I also don't think we should tear down all of the old buildings in our cities, or recycle all of the old cars & tractors; they connect us to our past.

I think 2015 will see the irretrievable loss of many of these historical (or hysterical?)  version 1 altcoin blockchains.  Many are completely gone already.   Maybe sometime I'll publish a list of my life support coins and see if anyone wants any. For now, I just keep them a secret so someone doesn't come along and chase the difficulty up a tree, beyond the reach of my 333 mhs block erupter.

I focus on sha coins because its so easy to mine them with asics on one pc.  I have a few scrypt coins in deep standby but I don't mine them regularly.  Other algos are on their own Too difficult for me to do cpu mining.  Can't save them all... just a few that are not irredeemably flawed.

$500 would buy about .75/ths adding about 38 Ths to the network.

Or.... 50 people each spending $500, buying up $25,000 of Uno would raise the price beyond the moon, which would probably have the same effect on the network hash rate.

I'm not saying "don't buy hash."  Uno needs hash. And if you're going to buy it, Genesis is the prefect choice for hassle free mining, and I think the price is really good.  But buying hash isn't the only way to raise the network hash rate. If someone can't buy hash or doesn't want to, they can buy Uno and also have a positive effect on the network in the process.

Mining profitability is a ratio between price & difficulty. It even happens automatically, as sites like Coinwarz and Whatmine serve up profitability stats to mining software that will auto switch to profitable coins.  If we want to see the hashrate go off the charts for Uno, find the price point where it's more profitable to mine Uno than Bitcoin, and buy the price up there. Within probably 30 minutes, you'll see the Uno hashrate explode.

The argment for buying altrustic hash is that Uno needs distributed hash, and we can't always pick the price of Uno long term to encourage mining, whereas this hash will always be there.  

But the argument against buying hash is that 1) you can never ever have enough of it, 2) hash never goes up in value, only down, and 3) if hash is  purchased instead of Uno on an exchange, considering Uno's low inflation (i/e you're not really keeping any significant quantity off the market by mining and hodling with only 15 Un produced each day) it could be driving down the price.

So do what makes sense for you. For me what makes sense is fun, and fun is mining Uno and helping the network. But I do it for fun, not profit.

If you mine Bitcoin/Uno already and enjoy it, and just like to contribute to the network and like seeing a steady stream of dust to your wallet, then Genesis is awesome. It totally beats running the noisy miners in your house and messing with the software.  They make mining Uno/btc super easy. This is truly a great option for the Uno community.  My Genesis hash will always be on Uno.

I consider the hash I put on Uno to be altruistic.  I don't do it expecting to earn my money back in the short term. Its just fun for me.

I have 250 ghs at Genesis, and am earning about .15 Uno per day.
It will take me about 65 Uno at current prices to break even, or more than a year to mine back my small investment. And that doesn't consider the halving coming in May, 2015.  The bet is that Uno's price will rise way beyond it's current price. I'm also betting that Genesis will succeed long term.

For normal Uno fans, the most gratifying way to to bring hash to Uno will probably be to buy it from an exchange, and raise the price.  Raise the price up, and make it more profitable so miners will flock to Uno.  This way you can own it today, instead of waiting a year for it to come back to you.  And why not -- these prices are incredibly fair for Uno right now.

I vote for Blazr2 - Unobtanium

Good to see you here. Welcome!  I mined DDC on day one.

Yes, if the network hash suddenly drops by, say 50%, then it will take the remaining miners twice as long to mine through the high difficulty block. But after that, KGW will quickly lower difficulty and try to average 3 minute blocks. So miners who put in the work to push through the difficult block will probably be rewarded with a few less difficult/faster blocks.  

KGW came about because there were a lot of coins (many now dead, RIP) that  got hung up on high diff blocks after switch pools came along. They mined the easy profitable blocks and when difficulty jumped, they left the hard unprofitable blocks for everyone else to mine.  The problem was compounded if the network only adjusted difficulty every 2 weeks, or xx number of blocks; nobody wanted to put in all the work only to have it stranded again.

You're right that more hash doesn't mean more Uno, as KGW resets difficulty every block to average 3 minute blocks over time. This is different from Bitcoin which resets difficulty every 2016 blocks;  with Btc more hash does mean more coins faster (< 10 minutes). Not with Uno.  If hash was low enough, you could run the Uno network off of your block erupters.

More hash, when distributed, helps to secure the network against various attacks, such as a 51% attack, or double spend attacks.
In a manner of speaking, Uno is protected not only by Kgw but by it's low block reward. While Btc still gives 25 btc/block, Uno's reward is getting extremely low so that attackers have less incentive; there are just easier coins to attack.  

I have a computer here that mines various forgotten sha256 coins off of block erupters, for no other reason that I can simply do it.  I have no illusions that anything will ever come from it, it's just sort of fun for now.  All these networks run just fine on low hash.  

I once did my own "51% attack" against one of the networks after I accidentally send a large % of the coins to a dead address. As the sole miner, it was simple for me to back up the block chain and create new blocks to write over my mistake and bring back my lost coins  (How do you do it?  Start by downloading the blockchain to a new client on computer 1, but stop it before the block you want to overwrite; setup a private network between two computers; synch client on computer 2 to partial blockchain on computer 1;  start up the miners on our private network and create a longer chain than the real one; put them both back online and the network will accept the new longer chain).   But it becomes much more difficult to attack when there are other miners pushing the network forward, syncing the block chain.  Ideally, you don't want anyone to control more than 51% of the network; it's not an automatic tragedy if that happens, but goes to the integrity of the blockchain.

It' get them the community's respect, and a share of the future. We respect Un miners here. Thanks for mining Un.

.03125 Un doesn't seem like much now, and it's probably not even profitable at curret prices. But I believe it will be tomorrow.  
Early bitcoin mining was also unprofitable.   We're building something special here, one block at a time, on investor at a time, one community member at a time.  I'll take every tiny piece of it I can get.

Wow, that would be about 1/3 of the total estimated Uno daily production. How much hash are you bringing?

Hello Bravenewcoin,

Unobtanium is conspicuously absent from your rankings.  Please add UNO.  It's #36 on CMC right now, $520k marketcap,  in existing for more than a year, very active community, traded on Cryptsy, Bittrex, Bleutrade, Allcrypt, & other fine exchanges.   We hope you'll add it.

Thanks!