Toxic2040
Legendary
 Offline
Activity: 1806
Merit: 4170
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February 05, 2014, 05:00:12 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  Seems like alot to ask to have 100% dedicated uptime for a whole year. What about doing a Monthly PoS? I mean with restarts, updates, power outages and who knows what..A year is alot to ask the average person to keep a computer on. Could we break it down to where you get PoS after x(720= a month,8640= a year roughly) amount of hours? What happens to your PoS if you do have to restart the client? Also would be nice to have a clearer explanation on the front page about this and whether or not you need to encrypt your wallet once you start it up or if a open un-encrypted wallet will recieve PoS. Love the way the coins going bumface. Thanks to all for the hard work, giving us a new and exciting coin. |
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Eugen3
Newbie
Offline
Activity: 55
Merit: 0
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February 05, 2014, 05:03:50 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 Seems like alot to ask to have 100% dedicated uptime for a whole year. What about doing a Monthly PoS? I mean with restarts, updates, power outages and who knows what..A year is alot to ask the average person to keep a computer on. Could we break it down to where you get PoS after x(720= a month,8640= a year roughly) amount of hours? What happens to your PoS if you do have to restart the client? Also would be nice to have a clearer explanation on the front page about this and whether or not you need to encrypt your wallet once you start it up or if a open un-encrypted wallet will recieve PoS. Love the way the coins going bumface. Thanks to all for the hard work, giving us a new and exciting coin. Monthly PoS rewards would come to approximately 1.666% It is still a matter of finding a block for the network, though. Nothing is a guarantee. So if you go down for a power outage or similar situation, it has a minimal effect on estimated annual interest. |
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dcgirl
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February 05, 2014, 05:16:19 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 Seems like alot to ask to have 100% dedicated uptime for a whole year. What about doing a Monthly PoS? I mean with restarts, updates, power outages and who knows what..A year is alot to ask the average person to keep a computer on. Could we break it down to where you get PoS after x(720= a month,8640= a year roughly) amount of hours? What happens to your PoS if you do have to restart the client? Also would be nice to have a clearer explanation on the front page about this and whether or not you need to encrypt your wallet once you start it up or if a open un-encrypted wallet will recieve PoS. Love the way the coins going bumface. Thanks to all for the hard work, giving us a new and exciting coin. Monthly PoS rewards would come to approximately 1.666% It is still a matter of finding a block for the network, though. Nothing is a guarantee. So if you go down for a power outage or similar situation, it has a minimal effect on estimated annual interest. This is helpful. So, to get 20% interest, your wallet needs to be available 100% of the year. If it isn't, your interest would be less. Is that right? |
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Eugen3
Newbie
Offline
Activity: 55
Merit: 0
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February 05, 2014, 05:21:41 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 Seems like alot to ask to have 100% dedicated uptime for a whole year. What about doing a Monthly PoS? I mean with restarts, updates, power outages and who knows what..A year is alot to ask the average person to keep a computer on. Could we break it down to where you get PoS after x(720= a month,8640= a year roughly) amount of hours? What happens to your PoS if you do have to restart the client? Also would be nice to have a clearer explanation on the front page about this and whether or not you need to encrypt your wallet once you start it up or if a open un-encrypted wallet will recieve PoS. Love the way the coins going bumface. Thanks to all for the hard work, giving us a new and exciting coin. Monthly PoS rewards would come to approximately 1.666% It is still a matter of finding a block for the network, though. Nothing is a guarantee. So if you go down for a power outage or similar situation, it has a minimal effect on estimated annual interest. This is helpful. So, to get 20% interest, your wallet needs to be available 100% of the year. If it isn't, your interest would be less. Is that right? Yes, in theory. Just as I can estimate how much UTC my miner will get. It could be more or even less if you are unlucky. Good luck everyone!  |
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bumface (OP)
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February 05, 2014, 05:50:13 PM |
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imginy
Member
Offline
Activity: 224
Merit: 10
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February 05, 2014, 05:51:50 PM |
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Is there any chance you will be getting this on btc-e? |
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SxC
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February 05, 2014, 06:00:12 PM |
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Is there any chance you will be getting this on btc-e? Maybe it will go on there one day who know's,and Bumface will prolly keep it under wraps until he know's for sure |
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imginy
Member
Offline
Activity: 224
Merit: 10
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February 05, 2014, 06:01:14 PM |
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Is there any chance you will be getting this on btc-e? Maybe it will go on there one day who know's,and Bumface will prolly keep it under wraps until he know's for sure Does he have the power to get it on there? |
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stuhlman
Member
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Activity: 70
Merit: 10
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February 05, 2014, 06:03:40 PM |
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UltraCoin Nitro Pool @ Nitro.orgCome Join us on Freenode IRC channel #nitropool , and watch your blocks rolling in.
signup @ ultra.nitro.org
and get live stats on IRC.
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SxC
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February 05, 2014, 06:07:15 PM |
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Is there any chance you will be getting this on btc-e? Maybe it will go on there one day who know's,and Bumface will prolly keep it under wraps until he know's for sure Does he have the power to get it on there? no idea but they must speak with the people in charge and im sure they could push it if they wanted and get it on |
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SxC
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February 05, 2014, 06:42:07 PM |
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Is there any chance you will be getting this on btc-e? Maybe it will go on there one day who know's,and Bumface will prolly keep it under wraps until he know's for sure Does he have the power to get it on there? no idea but they must speak with the people in charge and im sure they could push it if they wanted and get it on Btc-e already have it's own "2.5 millions coins pack" and it is called FTC" UTC remember me FTC and CNC, same amount in the beginning ..same price .... same ....Touch. I was dumping UTC on freshcoin ! WTF ! ! like i dumped FTC , CNC , etc During IPO . Your only chance is to dump immediatly. Long time miner confession ^^ ok thanks for that ill dump asap |
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wing_hk
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February 05, 2014, 06:44:38 PM |
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a real time diff & pool stat. for UTC, links also added to current block explorer page http://bitgo.pw/utc/Still in beta Maybe you can update it in first page |
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wing_hk
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February 05, 2014, 06:51:33 PM |
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a real time diff & pool stat. for UTC, links also added to current block explorer page http://bitgo.pw/utc/Still in beta Maybe you can update it in first page "Current difficulty: 7.1 Estimated next difficulty: 107.2 " what? It's based on current diff and mining stat, some pools are not loaded sometimes, so just try refresh if there's any uncommon number |
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bumface (OP)
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February 05, 2014, 06:54:09 PM |
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ActualAdviceBTC
Newbie
Offline
Activity: 25
Merit: 0
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February 05, 2014, 06:57:23 PM |
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why did difficulty just drop from 11 to 5?
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JCviggen
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February 05, 2014, 06:59:14 PM |
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why did difficulty just drop from 11 to 5?
Looks like over half of the hashpower got switched or went offline. I'd love the diff to stay like this for a while Odds are though it'll be back soon enough... |
Age Of Mars | GameFI Virtual colonization of Mars
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reb0rn21
Legendary
Offline
Activity: 1901
Merit: 1024
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February 05, 2014, 07:09:48 PM |
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why did difficulty just drop from 11 to 5?
nitro is at ddos prolly, coin retarget diff is FAST, thats why |
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wing_hk
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February 05, 2014, 07:10:59 PM |
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The "diff change in x block" is useless as UTC seems adjust diff every 30 mins
Also the "next diff" seems not accurate
I will remove these 2 later
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