[ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!

[reverse02]

This is actually pretty cool... 
[/quote]


thx dude!

finally there is someone with a sense for good design here

[batty634]

bumface, have you thought about adding a mining rep to your team? Someone with some good knowledge like thirtybird or Stuhlman. All good coins have a great mining foundation and this would only help.

[fabietech]

UltraCoin Mining Update

As UltraCoin matures, the UTC team is working hard to ensure the short-term and long-term viability and profit of the coin. We have heard from the mining community, pool operators and investors, and are working closely with them to address various issues and prepare UTC for future growth. As such, we would like to communicate our plans with you and will continue to do so regularly.

The UltraCoin Plan

1. Bring new coin developers on board. We have found very capable coin devs, with experience developing and modifying many other coins. They are already hard at work.

2. Modifications to wallet, to address software version updates and prepare for future changes. This phase is complete.

3. Modifications to Nitro1 pool. As you probably know, Nitro1 currently has a large proportion of the total hashrate for UTC. Stuhlman, the operator of the Nitro pool, has instituted a 2 hour daily shutdown of Nitro1 to address this, until future changes to UTC fix the issues causing this problem.

4. Recruiting new pools. We are actively working to bring more large pools into the UTC family. We will keep you updated as we work on this.

5. Additional modifications to wallet, to apply heartbleed fix, coincontrol and reward cutting. We expect this change to be in place within the next two weeks.

The change to add coincontrol will allow the user to "segment" his stash of coins, keeping the oldest coins available for proof of stake, and spending the newest. We have seen a preview of this function and are quite excited about what it offers.

The decision to cut rewards was made after input from the entire UTC community. In the short-term, this may have an effect on daily mining profits, but we believe that in the long-term it will lead to higher prices, negating any negative impact.

Cutting rewards also extends the lifecycle of UltraCoin, reducing supply and ensuring that all coins are not mined in just a few years.

5. Possible change to Proof of Stake schedule. We are also listening to the community to decide how the POS schedule should change. Most people agree that 1 year is too long. We will keep you updated as we think this through.

I personally want to thank all of the miners, pool operators and investors for sticking with UltraCoin. While we have many exciting changes and features in development, we recognize that we are at a critical juncture with the coin. I, and the entire UTC team, am 100% committed to the success of UTC and sincerely hope you will stay with me as we work to make this coin successful.

As a special treat, I'd like to share with you a new page, put together by a loyal member of the ultracoin community: whattomine.com. As you can see, UltraCoin is still the most profitable coin to mine. Our plans will make it even more so.

Team UTC

Thanx bumface and the block change dont see it in your text or im missing it?

[TheStuhlman]

Nitro will shut down for two hours starting in 5 minutes.
Please help us distribute the hash. Spread the hash on different pools on announcement.

[KingCole]

Nitro will shut down for two hours starting in 5 minutes.
Please help us distribute the hash. Spread the hash on different pools on announcement.

Thank you Stuhlman for taking such a drastic step to support Ultracoin. No-one should doubt your huge commitment to the coin.

KC

[fabietech]

Nitro will shut down for two hours starting in 5 minutes.
Please help us distribute the hash. Spread the hash on different pools on announcement.

Thank you Stuhlman for taking such a drastic step to support Ultracoin. No-one should doubt your huge commitment to the coin.

KC

Great effort thanx man

[untalented]

[TheStuhlman]

Nitro will shut down for two hours starting in 5 minutes.
Please help us distribute the hash. Spread the hash on different pools on announcement.

Thank you Stuhlman for taking such a drastic step to support Ultracoin. No-one should doubt your huge commitment to the coin.

KC

Great effort thanx man

sorry guys took a little longer than expected, I was talking to Mintpal guys and forgot to shut it down in time. so It's shut down now for 2 hours

[sakr]

Ultracoin pool

http://thepool.pw/ultracoin

Stratum + PPLNS + Vardiff

Fast payouts

[bullus]

Nitro will shut down for two hours starting in 5 minutes.
Please help us distribute the hash. Spread the hash on different pools on announcement.

Thank you Stuhlman for taking such a drastic step to support Ultracoin. No-one should doubt your huge commitment to the coin.

KC

Great effort thanx man

sorry guys took a little longer than expected, I was talking to Mintpal guys and forgot to shut it down in time. so It's shut down now for 2 hours

Thanks man, I only hope nitro2 won't get to 51% like this, but it will only take 2 hours..

[Uggle]

Nitro will shut down for two hours starting in 5 minutes.
Please help us distribute the hash. Spread the hash on different pools on announcement.

Thank you Stuhlman for taking such a drastic step to support Ultracoin. No-one should doubt your huge commitment to the coin.

KC

Great effort thanx man

sorry guys took a little longer than expected, I was talking to Mintpal guys and forgot to shut it down in time. so It's shut down now for 2 hours

Thanks man, I only hope nitro2 won't get to 51% like this, but it will only take 2 hours..

Haha! look at this ! http://bitgo.pw/utc/

[Becel]

No Comments...

[untalented]

90% crypto currencies over the past month include declines.
Including BTC.
It is sad, but most importantly that UTC is not in place and do not give up.
It can only get better.

[thedude11]

At which block will the change from 50 ot 15 block reward amount occur at?

[bumface]

     
     

         

[SxC]

http://utc.greekpool.eu/  pretty good pool

[untalented]

[TheStuhlman]

     
     

         

Michael remove Nitro 2 from the announcement please. and from the website as well.
We want people to move elsewhere. Tomorrow people will know we are serious about this.


Edit: Other pool owners this is your time to shine, I will not advertise for you, so haul ass and start doing it for your pool.
Do not offer 0% fees and free rewards, you are a business owner, and a business needs funds to run and improve.

[jakiman]

Great work everyone & especially Stuhlman for taking such a drastic action.

Stuhlman, are you able to mass email everyone to spread HALF their miners to another non-Nitro pool?
If we can get Nitro 1 miners to change HALF of their workers to Nitro 2 or elsewhere, that will really balance things out.
Maybe that's better for you also instead of simply shutting down Nitro1? (Best to do email now while Nitro1 is down)

[jakiman]

For those who use Reddit or just want Ultracoin to have a wider audience, please UPVOTE this post.
http://www.reddit.com/r/official_utc/comments/22e8y6/ultracoin_reddit_tip_bot_in_open_beta/

Ultracoin_tip bot requires good positive karma so that it works automatically without captcha issue.