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degenorate
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February 05, 2014, 11:18:31 PM |
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JOIN NOW!!!
Ultra Coin Pool, 0% fee Pool!!!!! Finding blocks now. ultra.minepools.us , #minepools
Working IRC Bot with pool hash and info!!!!!!
And NO FEES!!!!!
Join Now!
ultra.minepools.us , #minepools
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cointradero
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February 05, 2014, 11:26:37 PM |
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Proof of Stake explanation
20% interest per year if you
3. have wallet online all year
Lol wut? Ya have wallet online all year? You must be kidding! Yes, you have, because that way you can an intermediary for transactions. this is if you want pos rewards guys, if you dont then dont have it on all year  Just goes to show dev has no freaking idea how POS should be implemented...talk to CASH dev...try to get real i am not the dev and did you click the link for detailed explanation?? Proof of Stake explanation
20% interest per year if you
1. have utc in wallet
2. don't spend it during that year
3. have wallet online all year
4. have wallet unlocked for minting, do this like so:
- Open debug window, then console, then type: 'walletpassphrase' yourpassword '999999999' TRUE
Detailed PoS explanation
https://en.bitcoin.it/wiki/Proof_of_StakeThe link explains the theory of PoS, but you haven't explained how it's implemented on this coin. Just saying you could get 20% interest if it's left on all year doesn't really address how often PoS blocks are generated for your coin, if they are implemented from launch or at some later date, and I'm still not sure whether the "walletpassphrase" is implemented only for minting or if it fully unlocks my wallet for the specified time on your coin. PoS is always poorly understood (myself included) and it is one of the two things that differentiates this coin from a lot of the other scrypt based coins. You'd be doing yourself a favor if you could explain it better and why you added it with such a relatively large interest payout. |
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cointradero
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February 05, 2014, 11:30:24 PM |
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is it normal that with this "scrypt-jane" my graphic card just does 25-30% less hashpower than with normal "scrypt" coins? I got intensity 20 and same settings than always. Also the graphicscards takes less power - but I find no tweak to get more hash without crashing the graphics driver!?
Yes, this is correct. Scrypt-jane will yield a lower hashrate relative to scrypt. so one more question: can I use the remaining power of my graphic card? I did not try yet, but since power consumption is also 25% less, where is the power? Makes no sense that there is power left, I could just start a second instance, but I guess it would crash...? The algorithm takes less energy to process, but the bandwith available for your given GPU or CPU is maxed out. You can't stuff any more information down the pipeline even if the information isn't as computationally intensive for your processor. |
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droideggs
Member
 Offline
Activity: 118
Merit: 100
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February 05, 2014, 11:49:41 PM |
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this coin is going to go places. that's all i have to say about this coin.
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reb0rn21
Legendary
Offline
Activity: 1901
Merit: 1024
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February 06, 2014, 12:00:56 AM |
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I need some $$
WTS 1000 UTC for 30ltc
PM me if interested, one time offer, have good rep so no worry
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SxC
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February 06, 2014, 12:07:01 AM |
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I need some $$
WTS 1000 UTC for 30ltc
PM me if interested, one time offer, have good rep so no worry
Just dump on exchange tomorrow ill buy em no worries then |
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funsponge
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February 06, 2014, 12:14:35 AM |
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I need some $$
WTS 1000 UTC for 30ltc
PM me if interested, one time offer, have good rep so no worry
Just dump on exchange tomorrow ill buy em no worries then there seems to be no SEO work been done as yet, such as reddit articles or crypto people on twitter following ultracoin or give-aways to people/competitions like Doge did to get popular/well known. I know its not even been released yet but thought i would suggest somethings to Bumface. Give some to celebrities so they tweet about it etc etc. |
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reb0rn21
Legendary
Offline
Activity: 1901
Merit: 1024
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February 06, 2014, 12:20:43 AM |
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@funsponge If sponsoring will be done, i bet they will first buy "cheap" and only then promote  doge crapola did the same |
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Blindside511
Newbie
Offline
Activity: 15
Merit: 0
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February 06, 2014, 01:18:23 AM |
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Wtb UFC for nmc or ltc or btc hit me up. Only real offer don't spam me garbage offers tyty
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bit-thecoin
Newbie
Offline
Activity: 52
Merit: 0
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February 06, 2014, 01:31:17 AM |
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Is there a problem with crypto-trade's web site? I can't enter it.
Anybody experiencing the same thing?
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reb0rn21
Legendary
Offline
Activity: 1901
Merit: 1024
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February 06, 2014, 01:35:34 AM |
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Is there a problem with crypto-trade's web site? I can't enter it.
Anybody experiencing the same thing?
works fine... |
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Protagonus
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February 06, 2014, 01:46:02 AM |
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Wtb UFC for nmc or ltc or btc hit me up. Only real offer don't spam me garbage offers tyty
UFC. I think most of those events are televised through pay-per-view. I don't think any of those companies will sell UFC tickets for crypto yet.....yet jk  |
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Mika67
Newbie
Offline
Activity: 31
Merit: 0
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February 06, 2014, 01:46:24 AM |
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I need some $$
WTS 1000 UTC for 30ltc
PM me if interested, one time offer, have good rep so no worry
Just dump on exchange tomorrow ill buy em no worries then there seems to be no SEO work been done as yet, such as reddit articles or crypto people on twitter following ultracoin or give-aways to people/competitions like Doge did to get popular/well known. I know its not even been released yet but thought i would suggest somethings to Bumface. Give some to celebrities so they tweet about it etc etc. Your absolutely right, seo & marketing takes a lot more effort. I've seen little customer engagement until now.  Come on folks, don't lose it there! |
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dolphinss
Member
Offline
Activity: 70
Merit: 10
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February 06, 2014, 01:52:42 AM |
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Proof of Stake explanation
20% interest per year if you
3. have wallet online all year
Lol wut? Ya have wallet online all year? You must be kidding! Yes, you have, because that way you can an intermediary for transactions. this is if you want pos rewards guys, if you dont then dont have it on all year Just goes to show dev has no freaking idea how POS should be implemented...talk to CASH dev...try to get real to be more exact, if you run an active node for a year with 0% downtime, you get 20%, otherwise you get less than that. And from the wiki...you will lose 5% of your coins per year if you do not keep your wallets on... "2) Some public keys may decide to become inactive. This is costly for them. They will suffer a loss of 5% of their balance per year for as long as they remain inactive." |
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Protagonus
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February 06, 2014, 02:05:41 AM |
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Proof of Stake explanation
20% interest per year if you
3. have wallet online all year
Lol wut? Ya have wallet online all year? You must be kidding! Yes, you have, because that way you can an intermediary for transactions. this is if you want pos rewards guys, if you dont then dont have it on all year Just goes to show dev has no freaking idea how POS should be implemented...talk to CASH dev...try to get real to be more exact, if you run an active node for a year with 0% downtime, you get 20%, otherwise you get less than that. And from the wiki...you will lose 5% of your coins per year if you do not keep your wallets on... "2) Some public keys may decide to become inactive. This is costly for them. They will suffer a loss of 5% of their balance per year for as long as they remain inactive." From what I understand (may be wrong). If you look further down on that wiki page they name this 5% fee /tax. "5) Other individuals may prefer the privacy associated with dropping out of participation. These individuals are still welcome to use the network, but must face a wealth tax of 5% per annum to compensate for the security risk created by their behavior."I "assume" the fee from #2 and #5 are the same. I.E- wealth tax. Which led me to my question and dev response. @ziggy909
Thank you very much for the clarification! Since I've not dealt with any alts (outside LTC), other than mostly perusing threads occasionally; I was unaware of this. Assume-ably this is, to some extent, known by many.
IF you could also, out of curiosity; what will be the wealth tax for inactive nodes / wallets per year? 5% ??
there is no wealth tax, but the proof of stake bonus for active nodes will lead to a variable but small degree of inflation. So, from what I understand, there is no deduction from inactive wallets. I may be wrong though |
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Blindside511
Newbie
Offline
Activity: 15
Merit: 0
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February 06, 2014, 02:08:39 AM |
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I have a suggestion. Go on shark tank!!! Yeah I went there!
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tabnk
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February 06, 2014, 02:15:17 AM |
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UTC !!! UTC !!! UTC !!! UTC !!! UTC !!! UTC !!! UTC !!! UTC !!! UTC !!! UTC !!! UTC !!! UTC !!!
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wing_hk
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February 06, 2014, 02:41:06 AM |
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Nitro pool's 15 mins down time just reduce diff to 4.5 |
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Protagonus
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February 06, 2014, 02:43:24 AM |
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greekpool down also. so took both heh.
Nitro up soon
Leetpools and idcray still up
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laterbreh
Member
Offline
Activity: 84
Merit: 10
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February 06, 2014, 02:47:06 AM |
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greekpool down also. so took both heh.
Nitro up soon
Leetpools and idcray still up
Just a reminder to all users: http://ULTRA.leetpools.net should be used to access the site and mine. We had to do a domain transfer of the .com (which will be working within 24 hours). Once this is complete both URLS will work. POOL - STRATUM - WEBSITE 100% OPERATIONAL! Thank you. |
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