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

[tanalith]

Can anyone point me to a noob linux guide. I'm going to attempt running this in BAMT\LTCRabbit

I have the ultracoin qt for linux and the instructions;

Linux GPU Miner Source;

"use settings:
--scrypt-jane --sj-time 1387769316 --sj-nfmin 4 --sj-nfmax 30

...but this seems a little vague to get started.

thx

vague if you never mined before

./(ultracoin-miner-linux-name that you need to insert here) -o stratum+tcp://some.ultracoin.pool:3337 -u webuser.workername -p pass --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -someOhterParamsForYourCards

if you need more info send me a pm

[zoata87]

not bad, but it reminds me more of unreal tournament rather a crypto currency

no offense plz

[lovebit]

Hater's gonna hate a rival coin just show's how childish they are tho when they spread FUD

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.

I've also been buying BTC since 2011 - and things have changed radically since then.  There was no competition, there was no general knowledge of crypto-currencies and they certainly had no (or very litte) value.  Today there is a plethora of coins, intense competition and the knowledge that they can be very valuable.  There are people invested in coin A that look at coin B with contempt and/or jealousy and people angry they didn't get in "early" enough or make enough money who would like to damage a new coin.  With the dangers involved in establishing a new coin, I think hiring a team of people knowledgable in SEO and marketing and such is a good idea.  How much are coders going to know about these areas?  So I am not upset that an initial investment was needed to get the coin goin.  If it doesn't work, at least they tried - and thats the risk we take (I'm an origing stakeholder).  But I think this coin probably will do well.  (my definition of well is $0.30 to $0.50 per coin).

[Mika67]

Hater's gonna hate a rival coin just show's how childish they are tho when they spread FUD

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.

I've also been buying BTC since 2011 - and things have changed radically since then.  There was no competition, there was no general knowledge of crypto-currencies and they certainly had no (or very litte) value.  Today there is a plethora of coins, intense competition and the knowledge that they can be very valuable.  There are people invested in coin A that look at coin B with contempt and/or jealousy and people angry they didn't get in "early" enough or make enough money who would like to damage a new coin.  With the dangers involved in establishing a new coin, I think hiring a team of people knowledgable in SEO and marketing and such is a good idea.  How much are coders going to know about these areas?  So I am not upset that an initial investment was needed to get the coin goin.  If it doesn't work, at least they tried - and thats the risk we take (I'm an origing stakeholder).  But I think this coin probably will do well.  (my definition of well is $0.30 to $0.50 per coin).

$0.30...? I wonder which price i should pay now considering i want to make some profit on my investment


Btw, for all you jealous folks, as you seem mostly the fall over this 'premined issue'. how many Btc still has Mr Nakamoto available, and where they not > Premined?

I know that Bum is doing the best he can.. (but some folks are never to make happy, they assume the world operates on 100% credit/working)

[colinfx]

Can I get  a Mac wallet yet? Surely someone has compiled a Mac wallet by now??!

[derpinheimer]

This coin isnt even profitable to mine anymore. Congrats on that truly enormous premine.

It STILL is profitable, but I don't know for how long still, price is dropping pretty fast.




How much was the premine btw?

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

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

[colinfx]

This coin isnt even profitable to mine anymore. Congrats on that truly enormous premine.

It STILL is profitable, but I don't know for how long still, price is dropping pretty fast.




How much was the premine btw?

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

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

10%? It was 2% right?

From page 1:

-Premine: 2% (2 million UTC, please view public premine distribution ledger below.)

[tabnk]

Definitely .

this coin will be over $1 this week .

[tanalith]

This coin isnt even profitable to mine anymore. Congrats on that truly enormous premine.

It STILL is profitable, but I don't know for how long still, price is dropping pretty fast.




How much was the premine btw?

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

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

10%? It was 2% right?

From page 1:

-Premine: 2% (2 million UTC, please view public premine distribution ledger below.)

colinfx is right
10% would mean 10 million coins
there have been created only ~2410000 coins which is far away from 10 million...

[Andr3wKay]

has true value reached 1 satoshi yet? 

[bmgbmg]

It's already selling for $0.20-$0.30 right now.


[/quote]

I've also been buying BTC since 2011 - and things have changed radically since then.  There was no competition, there was no general knowledge of crypto-currencies and they certainly had no (or very litte) value.  Today there is a plethora of coins, intense competition and the knowledge that they can be very valuable.  There are people invested in coin A that look at coin B with contempt and/or jealousy and people angry they didn't get in "early" enough or make enough money who would like to damage a new coin.  With the dangers involved in establishing a new coin, I think hiring a team of people knowledgable in SEO and marketing and such is a good idea.  How much are coders going to know about these areas?  So I am not upset that an initial investment was needed to get the coin goin.  If it doesn't work, at least they tried - and thats the risk we take (I'm an origing stakeholder).  But I think this coin probably will do well.  (my definition of well is $0.30 to $0.50 per coin).
[/quote]

$0.30...? I wonder which price i should pay now considering i want to make some profit on my investment

[SxC]

not selling any of my coins until there worth $2 each

[pieterjanvh]

Apparently nobody reported it, but utc.pool.pm is running smooth again.

[lovebit]

Hater's gonna hate a rival coin just show's how childish they are tho when they spread FUD

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.

I've also been buying BTC since 2011 - and things have changed radically since then.  There was no competition, there was no general knowledge of crypto-currencies and they certainly had no (or very litte) value.  Today there is a plethora of coins, intense competition and the knowledge that they can be very valuable.  There are people invested in coin A that look at coin B with contempt and/or jealousy and people angry they didn't get in "early" enough or make enough money who would like to damage a new coin.  With the dangers involved in establishing a new coin, I think hiring a team of people knowledgable in SEO and marketing and such is a good idea.  How much are coders going to know about these areas?  So I am not upset that an initial investment was needed to get the coin goin.  If it doesn't work, at least they tried - and thats the risk we take (I'm an origing stakeholder).  But I think this coin probably will do well.  (my definition of well is $0.30 to $0.50 per coin).

$0.30...? I wonder which price i should pay now considering i want to make some profit on my investment


Btw, for all you jealous folks, as you seem mostly the fall over this 'premined issue'. how many Btc still has Mr Nakamoto available, and where they not > Premined?

I know that Bum is doing the best he can.. (but some folks are never to make happy, they assume the world operates on 100% credit/working)

I should qualify that $0.30 to $0.50 - I am talking the immediate future - and the closer we get to the feb 7 the more people will buy in anticipation of a price rise we could get close to that - and when it opens on the bigger exchange approaching a dollar could be possible.  I've thought of mining coins, but the reading I've done says that even is mining is mostly speculative - mining is usually a close to break-even endeavor that only becomes profitable when the coin increases in price - at a later date.

[saymissme]

why not add my pool to main topic?
utc.idcray.com

Because you have too much skills ! You probably disturbed someone !
Also, you took the perfect decision to close free registration, to protect the pool. Are you fool to take such Adequate decision ^^
Unfortunatly, some trolls exploited your work by requesting coins to send invitation.
And your perfect security level, requesting to unlock the account each time you want to change information is probably too complicated for UTC brain miners.

You are in the Unfair Troll Coin topic here ! ohh

It's not fair to me
i am working very hard for our UltraCoin
it's very beautiful
and i like it.
Hope I can get everyone's recognition.

thanks

[makemebeat]

Is it way to brutforce pass in wallet? Probably made some mistake when typing, so can't send coins. (I know, I'm fool) There are scripts for bitcoin brutforcing, but where is file like "bitcoind" in ultracoin?

[cointradero]

It's already selling for $0.20-$0.30 right now.

I've also been buying BTC since 2011 - and things have changed radically since then.  There was no competition, there was no general knowledge of crypto-currencies and they certainly had no (or very litte) value.  Today there is a plethora of coins, intense competition and the knowledge that they can be very valuable.  There are people invested in coin A that look at coin B with contempt and/or jealousy and people angry they didn't get in "early" enough or make enough money who would like to damage a new coin.  With the dangers involved in establishing a new coin, I think hiring a team of people knowledgable in SEO and marketing and such is a good idea.  How much are coders going to know about these areas?  So I am not upset that an initial investment was needed to get the coin goin.  If it doesn't work, at least they tried - and thats the risk we take (I'm an origing stakeholder).  But I think this coin probably will do well.  (my definition of well is $0.30 to $0.50 per coin).
[/quote]

$0.30...? I wonder which price i should pay now considering i want to make some profit on my investment



[/quote]

It's selling at .19 - .21 cents right now and has been for most of the time it's been on the small exchange.  A 5x increase in 3 days is a lot.  If it crashed down to $.05 then sure, it could go up 5x, but not at the current prices.  There just isn't any reason for that valuation when it's so easy to get.  If it were to jump to a dollar, you'd make 111$ per MH/s or so every day.  You don't make 1/8th of that mining Litecoin. 

[Eugen3]

I think there may come a time when UTC mining gets a similar treatment that LTC mining received.  LTC profitability was always at least double that of bitcoin.  I am not short-sighted in this theory, just thinking it could be a side effect from scrypt FPGA's.

[cointradero]

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.

[xtc_112]

I am a shareholder too, i will not be selling im holding my coins, furthermore when this hits exchange im looking to buy more. This is very early days and big things are coming to ULTRA watch this space.