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

[dcgirl]

The prices are horrible , an entire weeks worth of mining wiped out pretty much, hardly even covers electric bill............................. I don't honestly get who would be selling at these prices there aren't that many coins out there . . .  I mean most people are only getting a few hundred coins a day if-that. . .  the exchanges are B.S. just no volume on these exchanges for this coin. . . you can't get a real reading on price at all.

It's not mintpal - I've been trading BC there all day - they had 163 btc volume today. There's just no buy support for UTC. We need to fix that (don't know how, though).

itd not many people selling it just few greedy players that are driving the price down by buying and keep stacking the sell side to drop the price...

yep - lots of whales pushing the price down. None holding it up.

[dwolfx]

The prices are horrible , an entire weeks worth of mining wiped out pretty much, hardly even covers electric bill............................. I don't honestly get who would be selling at these prices there aren't that many coins out there . . .  I mean most people are only getting a few hundred coins a day if-that. . .  the exchanges are B.S. just no volume on these exchanges for this coin. . . you can't get a real reading on price at all.

It's not mintpal - I've been trading BC there all day - they had 163 btc volume today. There's just no buy support for UTC. We need to fix that (don't know how, though).

itd not many people selling it just few greedy players that are driving the price down by buying and keep stacking the sell side to drop the price...

yep - lots of whales pushing the price down. None holding it up.

I hope the so called whales realize that eventually they will be stuck with worthless coins if they keep it up .

[SxC]

The prices are horrible , an entire weeks worth of mining wiped out pretty much, hardly even covers electric bill............................. I don't honestly get who would be selling at these prices there aren't that many coins out there . . .  I mean most people are only getting a few hundred coins a day if-that. . .  the exchanges are B.S. just no volume on these exchanges for this coin. . . you can't get a real reading on price at all.

It's not mintpal - I've been trading BC there all day - they had 163 btc volume today. There's just no buy support for UTC. We need to fix that (don't know how, though).

itd not many people selling it just few greedy players that are driving the price down by buying and keep stacking the sell side to drop the price...

yep - lots of whales pushing the price down. None holding it up.

I hope the so called whales realize that eventually they will be stuck with worthless coins if they keep it up .

lower it goes gonna be hard to get back to a decent price

soon there wont be any miner's left to mine the coin

[idol]

The prices are horrible , an entire weeks worth of mining wiped out pretty much, hardly even covers electric bill............................. I don't honestly get who would be selling at these prices there aren't that many coins out there . . .  I mean most people are only getting a few hundred coins a day if-that. . .  the exchanges are B.S. just no volume on these exchanges for this coin. . . you can't get a real reading on price at all.

It's not mintpal - I've been trading BC there all day - they had 163 btc volume today. There's just no buy support for UTC. We need to fix that (don't know how, though).

itd not many people selling it just few greedy players that are driving the price down by buying and keep stacking the sell side to drop the price...

yep - lots of whales pushing the price down. None holding it up.

I hope the so called whales realize that eventually they will be stuck with worthless coins if they keep it up .

that why they are called whales...don't know when they gona beach themselves

[Becel]

The prices are horrible , an entire weeks worth of mining wiped out pretty much, hardly even covers electric bill............................. I don't honestly get who would be selling at these prices there aren't that many coins out there . . .  I mean most people are only getting a few hundred coins a day if-that. . .  the exchanges are B.S. just no volume on these exchanges for this coin. . . you can't get a real reading on price at all.

It's not mintpal - I've been trading BC there all day - they had 163 btc volume today. There's just no buy support for UTC. We need to fix that (don't know how, though).

itd not many people selling it just few greedy players that are driving the price down by buying and keep stacking the sell side to drop the price...

yep - lots of whales pushing the price down. None holding it up.

I hope the so called whales realize that eventually they will be stuck with worthless coins if they keep it up .

that why they are called whales...don't know when they gona beach themselves

Stop treating whales so bad, soon we gonna get Greenpeace chasing us LOL! These guys are nothing but scumbags, whales my ass...

[dwolfx]

Stop treating whales so bad, soon we gonna get Greenpeace chasing us LOL! These guys are nothing but scumbags, whales my ass...

The prices on this coin are so low at this point, theres really no point to even list it on the exchange, might as well just x out the qt client and ignore it.

[Becel]

Stop treating whales so bad, soon we gonna get Greenpeace chasing us LOL! These guys are nothing but scumbags, whales my ass...

The prices on this coin are so low at this point, theres really no point to even list it on the exchange, might as well just x out the qt client and ignore it.

i'm holding my coins since i bought them @ .0007, i would mine it but can't afford to buy the equipment at the moment, Nevertheless i am with everyone who supports the coin!

Prices are really stupid @ the moment *sigh*

And Mintpal really sux!

[skribnod]

WTF!!! I leave for vacation for 4 days and the coin went to #%€£¥!!
seriously though, i have been reading through the past post and don't see how Tee shirts or anything else besides a bigger exchange is gonna help this coin. It almost seems like someone (no names mentioned) may have pissed off someone and they are mining this coin just to dump and keep it from going anywhere. Only explanation as to why anyone would be sellng at this rediculously low price. It's not even profitable to mine at this point so someone has to be doing it at a loss. I do believe that if this coin doesn't hit a big exhange soon it will be lost forever since it is harder to mine (more issues on setup) and fewer coins looks less profitable per day to new miners.

[xwebnetwork]

Its an interesting dynamic to see such inspiring bursts of enthusiasm marred by periods of downtime such as these. We'll blast through nearly 10-15 pages and then things become stagnant, only to be reignited again. I'm wondering how we can keep this fire burning at a nice steady pace. That is the million dollar question for sure. But how? There have been several excellent suggestions but we need to collectively organize them and bring them into fruition.

For starters, I think dcgirl and anonblues hit the nail on the head. What is the coin really meant to do? What is it meant to be? What is its competitive advantage? How can it disrupt such a ecosystem where dedication and loyalty are few and far between?

Obviously the rapid transaction times and ASIC resistance are a huge benefit, but that is not enough. We have a seemingly strong community, but require more involvement from all. And that simply requires posting and sharing and educating the uneducated. Social media is a fantastic outlet for this. I mean, look at the Facebook page. That spurred a lot of excellent activity today. Why can't we emulate that from day to day? People are afraid of things they do not understand. They perceive it as a risk. And, of course, while any crypto is a risk, we can help mitigate that impression by passing on our collective understandings. There is potential here and that should not be put to waste.

Speak up and you shall be heard.

[skribnod]

Oh..almost forgot, while i was away i mined doge coin because of N factor change was coming and i would not be able to adjust my miners. My intention now is to turn those doges into UTC and keep my bagholding going. Not giving up yet since i don't mine for a living and have a "Real Job" in my real life...not my crypto life. Sorry for all the miners that do it for a living, even though that wouldnt be a bad job, just too unstable.

[flobdeth]

Its an interesting dynamic to see such inspiring bursts of enthusiasm marred by periods of downtime such as these. We'll blast through nearly 10-15 pages and then things become stagnant, only to be reignited again. I'm wondering how we can keep this fire burning at a nice steady pace. That is the million dollar question for sure. But how? There have been several excellent suggestions but we need to collectively organize them and bring them into fruition.

For starters, I think dcgirl and anonblues hit the nail on the head. What is the coin really meant to do? What is it meant to be? What is its competitive advantage? How can it disrupt such a ecosystem where dedication and loyalty are few and far between?

Obviously the rapid transaction times and ASIC resistance are a huge benefit, but that is not enough. We have a seemingly strong community, but require more involvement from all. And that simply requires posting and sharing and educating the uneducated. Social media is a fantastic outlet for this. I mean, look at the Facebook page. That spurred a lot of excellent activity today. Why can't we emulate that from day to day? People are afraid of things they do not understand. They perceive it as a risk. And, of course, while any crypto is a risk, we can help mitigate that impression by passing on our collective understandings. There is potential here and that should not be put to waste.

Speak up and you shall be heard.

Yeah, ok, but what exactly could the blockchain be made to do, to really make this coin stand out?

[solarflareq]

if the coin wasn't completely in mintpal's hands and Crypto-Trade had not tanked the prices with their shit security then it would just be another exchange to do business.

unhappy utc holder atm.

[xwebnetwork]

will guiminer scrypt work for this?

If I recall correctly, GUIMiner Scrypt stores a copy of CGMINER in one of its folders that it uses to generate profiles to mine scrypt coins. If you simply replaced all of the files in that folder with the Scrypt Jane revision of CGMiner, then it technically should work.

[red5standingby]

xwebnetwork nice site work.

[darthburnstuff]

Retweet this please

https://twitter.com/ultracoinnews/status/439886160400510976

[xwebnetwork]

Watching the MintPal order books is very interesting as well. I know its been pointed out, but somebody is definitely driving the price down, for what reason, I don't know. I can tell you its malicious in intent.

For example, a few buy orders were placed which brought the coin back up to 0.00013498, but you can see that someone was creating small sell orders in between to try and drive it further down as to negate the increase in price. I mean for what other reason would you sell low when the price is going up? There is none aside from primary goal of manipulation.

With that in mind, if this problem can be remedied, perhaps a natural fluctuation in price will resume, hopefully towards the bullish side.

[Turco]

It seems we are at a crucial point for UTC right now.

Even though UTC prices may have been manipulated to the downside, they do reflect the current value of the coin. A big issue now, is the major unprofitability of mining UTC. There is no real incentive for miners to stay, and I predict miners will gradually depart. I am skeptical that once crypto-trade is up and running again, that we will immediately resume trading at .0004+ prices. If we do manage to get back to those historic levels, then I think UTC will be ok. However, if this is not the case, UTC without miners, will have a bleak outlook.

FYI, I respect Bumface and the UTC community, and I will keep on mining UTC until I see crypto-trade fully resume operations again.

[NickPortland]

Watching the MintPal order books is very interesting as well. I know its been pointed out, but somebody is definitely driving the price down, for what reason, I don't know. I can tell you its malicious in intent.

For example, a few buy orders were placed which brought the coin back up to 0.00013498, but you can see that someone was creating small sell orders in between to try and drive it further down as to negate the increase in price. I mean for what other reason would you sell low when the price is going up? There is none aside from primary goal of manipulation.

With that in mind, if this problem can be remedied, perhaps a natural fluctuation in price will resume, hopefully towards the bullish side.

Yes, it's two different players, I traded there a lot yesterday trying to keep the price up back when it was oscillating around 0.00016-8.

And I could see two different big players moving their buy orders around to match mine.

[nanoprobe]

Watching the MintPal order books is very interesting as well. I know its been pointed out, but somebody is definitely driving the price down, for what reason, I don't know. I can tell you its malicious in intent.

For example, a few buy orders were placed which brought the coin back up to 0.00013498, but you can see that someone was creating small sell orders in between to try and drive it further down as to negate the increase in price. I mean for what other reason would you sell low when the price is going up? There is none aside from primary goal of manipulation.

With that in mind, if this problem can be remedied, perhaps a natural fluctuation in price will resume, hopefully towards the bullish side.

The price manipulation will continue until the bots are banned and that will probably never happen.

[Halofire]

i pointed it out a few days ago. Now that's 4 confirmations that I am aware of.