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Author Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!  (Read 946572 times)
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cryptoface
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April 17, 2014, 05:07:18 PM
 #12201

I know how frustrating it is (after all I'm a UTC bagholder too)! But I will give you what I know, though it is not definite. The devs are having to do more work than expected on the leveldb fix, so the earliest the wallet will be done is Sunday. And the arb site should be ready for testing on Sunday as well. When I say testing - it will be fully functional, but I'll be looking for verification that numbers are right (I think they are, but my head spins when looking at all of these pairs and exchanges and quantities and fees, etc). Once we're confident, it will be moved from my servers to the UTC server, and then I'll be developing the premium, subscription functions.

And then up next are more coin changes, work on pools/multipool, my lame android game, etc.

Thanks for all your great work! i do hope and think the  arbitrage site is going to be a game changer for UTC.
untalented
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April 17, 2014, 05:09:16 PM
 #12202

Yes dumpers will be done soon  Smiley
untalented
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April 17, 2014, 05:11:11 PM
 #12203

Tommorow will be first sample of new logo UTC.
You all, of course, you decide whether it is better or worse than the original logo.
There will be several proposals.
Do not worry, I'll pay for everything. Kiss
thaitunhi1606
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April 17, 2014, 05:15:38 PM
 #12204


20MH/s in Nitro2 pool move Greekpool pool --> DONE!!!!
untalented
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April 17, 2014, 05:20:17 PM
 #12205

Great:)
Soon will be more miners when volume up.
Registration opened on good pools like greekpool or leetpool.
projectdimpreza
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April 17, 2014, 05:43:58 PM
 #12206

I still dont know what going on with UTC, im running 6 280x gpu's.. only getting 6 coins in 1 hour test run.. with the current difficulty of 0.6 i should be getting 16 coins per hour.. but not even close.. can somebody help me out? is there something i missing? by the way im running 50-52 khs on each card.

https://farm3.staticflickr.com/2858/13887044886_b9b3b90010_b.jpg

I think 16 coins an hour is a bit optimistic. With that setup you would be lucky to get 10 with the current avg difficulty.

Can i ask how can you say that i would only get 10 coins? according to coinwarz i should be getting 14-16 coins a hour.. from 300khs avg.
untalented
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April 17, 2014, 05:52:23 PM
 #12207

I still dont know what going on with UTC, im running 6 280x gpu's.. only getting 6 coins in 1 hour test run.. with the current difficulty of 0.6 i should be getting 16 coins per hour.. but not even close.. can somebody help me out? is there something i missing? by the way im running 50-52 khs on each card.



I think 16 coins an hour is a bit optimistic. With that setup you would be lucky to get 10 with the current avg difficulty.

Can i ask how can you say that i would only get 10 coins? according to coinwarz i should be getting 14-16 coins a hour.. from 300khs avg.
stales/rejects/orphanes/ping/difficulity changes/WU decide how much we get really.
Keep your utc because you do not get them so easy soon after the change of the amount of the block.
Do not sell too cheap Smiley
mishax1
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April 17, 2014, 06:02:50 PM
 #12208

I still dont know what going on with UTC, im running 6 280x gpu's.. only getting 6 coins in 1 hour test run.. with the current difficulty of 0.6 i should be getting 16 coins per hour.. but not even close.. can somebody help me out? is there something i missing? by the way im running 50-52 khs on each card.



I think 16 coins an hour is a bit optimistic. With that setup you would be lucky to get 10 with the current avg difficulty.

Can i ask how can you say that i would only get 10 coins? according to coinwarz i should be getting 14-16 coins a hour.. from 300khs avg.
stales/rejects/orphanes/ping/difficulity changes/WU decide how much we get really.
Keep your utc because you do not get them so easy soon after the change of the amount of the block.
Do not sell too cheap Smiley
What is "too cheap" for a coin that it's price went from ~0.0012 (when I joined utc) to a ~0.00006 ?   
projectdimpreza
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April 17, 2014, 06:08:27 PM
 #12209

I still dont know what going on with UTC, im running 6 280x gpu's.. only getting 6 coins in 1 hour test run.. with the current difficulty of 0.6 i should be getting 16 coins per hour.. but not even close.. can somebody help me out? is there something i missing? by the way im running 50-52 khs on each card.

https://farm3.staticflickr.com/2858/13887044886_b9b3b90010_b.jpg

I think 16 coins an hour is a bit optimistic. With that setup you would be lucky to get 10 with the current avg difficulty.

Can i ask how can you say that i would only get 10 coins? according to coinwarz i should be getting 14-16 coins a hour.. from 300khs avg.
stales/rejects/orphanes/ping/difficulity changes/WU decide how much we get really.
Keep your utc because you do not get them so easy soon after the change of the amount of the block.
Do not sell too cheap Smiley

oh ok. thanks for explaning.. Smiley
primouno
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April 17, 2014, 06:12:33 PM
 #12210

Hi all.
I'm with Ultracoin for a while and as most of us I would like that our "precious" go up and up. I've been wondering is it difficult to implement Ultracoin paymants on internet auctions such as ebay or Allegro (in Poland and all Easten Europe)? Maybe there are some legal issues I have no idea of, but it would be great to buy something and pay with Ultracoin Smiley Of course portals like those could collect some fees for each transaction ie. 0.1 UTC. If that's impossible or stupid just ignore my post Wink

hi you can use utc to pay with various sites on https://pock.io/cards

other spending places can be found here: http://ultracoin.net/shop.html

 Cheesy
This is nice, but those are gift cards only Smiley I meant it would be great to pay directly with UTC on ebay or Allegro Cheesy but I realize that is difficult to achieve.
I also have a question about POS: do I have to each time I start UTC wallet use "'walletpassphrase' yourpassword '999999999' true"? After rebooting my rig and launching wallet it is locked again.

BTW, I'm from Poland Wink

UTC address: UMzy2N8oTFmcQ2bfZoqLnmXsWzvfA8miRy
http://ultracoin.net/    -- Ultracoin Website        http://ultracointalk.org/  -- UltracoinTalk Forum
batty634
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April 17, 2014, 06:12:42 PM
 #12211

I still dont know what going on with UTC, im running 6 280x gpu's.. only getting 6 coins in 1 hour test run.. with the current difficulty of 0.6 i should be getting 16 coins per hour.. but not even close.. can somebody help me out? is there something i missing? by the way im running 50-52 khs on each card.



I think 16 coins an hour is a bit optimistic. With that setup you would be lucky to get 10 with the current avg difficulty.

Can i ask how can you say that i would only get 10 coins? according to coinwarz i should be getting 14-16 coins a hour.. from 300khs avg.
stales/rejects/orphanes/ping/difficulity changes/WU decide how much we get really.
Keep your utc because you do not get them so easy soon after the change of the amount of the block.
Do not sell too cheap Smiley
What is "too cheap" for a coin that it's price went from ~0.0012 (when I joined utc) to a ~0.00006 ?   

Look at it like an opportunity, the coin has potential to rise. There are a lot of people really working towards its success, yes there have been issues with the distribution of mining and POS/nfactor, however the devs are listening... more importantly they are changing the coin
untalented
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April 17, 2014, 06:13:14 PM
 #12212

@mishax1
Thats mean not sell low, sry i'm not good in english.
@projectdimpreza
no problem ask if you got some problems
fredeq
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April 17, 2014, 07:09:43 PM
 #12213

Are we still getting second block explorer? Bitgo is down for more than 24 hrs

https://whattomine.com - Check what to mine Smiley
bumface (OP)
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April 17, 2014, 07:35:45 PM
 #12214

Are we still getting second block explorer? Bitgo is down for more than 24 hrs

somebody is working on it Smiley

wildcatswr5
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April 17, 2014, 08:01:26 PM
 #12215

When is the block reward changing?
bumface (OP)
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April 17, 2014, 08:02:14 PM
 #12216

When is the block reward changing?

within a few weeks

untalented
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April 17, 2014, 09:01:38 PM
 #12217

When is the block reward changing?

within a few weeks
max 2 weeks, maybe this sunday sounds better Kiss
untalented
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April 17, 2014, 09:19:59 PM
 #12218

it would be good to put the information in the header, for example NEW UTC phase 2 project, UTC Arbitrage beta site, Coincontrol, change block rewards etc.
On the first page and pools put countdown when be change blocks reward.
Attract the attention and give the last chance to buy cheap UTC.
jakiman
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April 17, 2014, 09:31:33 PM
 #12219

When is the block reward changing?

within a few weeks
max 2 weeks, maybe this sunday sounds better Kiss

Too short is BAD. You need to give enough time for people to adjust to the upcoming lower block reward.
Then in best case scenario, people will start buying more UTC in anticipation and price will rise before it.
If the price does not rise and block reward halves, you'll just get less miners and price will remain same.
So yeah, I think minimum 2 weeks and max 4 weeks should be a decent time frame IMO.

bumface (OP)
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April 17, 2014, 09:50:37 PM
 #12220

When is the block reward changing?

within a few weeks
max 2 weeks, maybe this sunday sounds better Kiss

Too short is BAD. You need to give enough time for people to adjust to the upcoming lower block reward.
Then in best case scenario, people will start buying more UTC in anticipation and price will rise before it.
If the price does not rise and block reward halves, you'll just get less miners and price will remain same.
So yeah, I think minimum 2 weeks and max 4 weeks should be a decent time frame IMO.

blockreward change has been announced weeks ago

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