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

[utcminer]

it should convert to 100% pos.
no need for more ultracoins

f instadump-miners, f asics, f litecoin, f the bs that huge moneysupply is needed, look at blackcoin.

just cut the supply of ultracoins, turn it to pos and make multipool.
i want my $50k back, i dont give a crap about miners making profit. if your a miner then go mine all the other coins that going to go to 1 satoshi

WOW $50K，you have 2，000，000 utc ? UTC  is at 0.025$,50K$ can buy 2,000,000 utc

[utcminer]

it should convert to 100% pos.
no need for more ultracoins

f instadump-miners, f asics, f litecoin, f the bs that huge moneysupply is needed, look at blackcoin.

just cut the supply of ultracoins, turn it to pos and make multipool.
i want my $50k back, i dont give a crap about miners making profit. if your a miner then go mine all the other coins that going to go to 1 satoshi

WOW $50K，you have 2，000，000 utc ? UTC  is at 0.025$,50K$ can buy 2,000,000 utc

no. i invested way higher than what the price is now. i am pissed. i was one of the people that bought at 0.0004 and 0.00055 and 0.0008. and bitcoin was more expensive.

now the price is 0.00007 and my money went poof

buy another $50K,then the price of utc will rise

[utcminer]

it should convert to 100% pos.
no need for more ultracoins

f instadump-miners, f asics, f litecoin, f the bs that huge moneysupply is needed, look at blackcoin.

just cut the supply of ultracoins, turn it to pos and make multipool.
i want my $50k back, i dont give a crap about miners making profit. if your a miner then go mine all the other coins that going to go to 1 satoshi

WOW $50K，you have 2，000，000 utc ? UTC  is at 0.025$,50K$ can buy 2,000,000 utc

no. i invested way higher than what the price is now. i am pissed. i was one of the people that bought at 0.0004 and 0.00055 and 0.0008. and bitcoin was more expensive.

now the price is 0.00007 and my money went poof

buy another $50K,the price of utc will rise

i dont have another 50k

If it's laid, it's played

[utcminer]

it should convert to 100% pos.
no need for more ultracoins

f instadump-miners, f asics, f litecoin, f the bs that huge moneysupply is needed, look at blackcoin.

just cut the supply of ultracoins, turn it to pos and make multipool.
i want my $50k back, i dont give a crap about miners making profit. if your a miner then go mine all the other coins that going to go to 1 satoshi

WOW $50K，you have 2，000，000 utc ? UTC  is at 0.025$,50K$ can buy 2,000,000 utc

no. i invested way higher than what the price is now. i am pissed. i was one of the people that bought at 0.0004 and 0.00055 and 0.0008. and bitcoin was more expensive.

now the price is 0.00007 and my money went poof

buy another $50K,the price of utc will rise

i dont have another 50k

i dont understand where has your money gone? At today's price,nobody win ,everybody's wealth shrink,but who get the money?off course,it's seller,most of them are miners,huge miner mined 10000 utc per day and sold out to make profit. 144,000 utc has been mined per day ,no buyers ,just sellers. poor utc

[rapture333]

Hey guys, Steven here, your admin over at Ultracointalk.org/ reminding you to check out the new forum. It is a place for Ultracoin to call home, this way the community can evolve, create, and document the discussion on UltraCoin. So please sign up today and introduce yourself on the forum, then get ready to talk Ultracoin.

Ultracointalk.org/

[untalented]

From another great coin logo maker.

[Cryptoinn]

it should convert to 100% pos.
no need for more ultracoins

f instadump-miners, f asics, f litecoin, f the bs that huge moneysupply is needed, look at blackcoin.

just cut the supply of ultracoins, turn it to pos and make multipool.
i want my $50k back, i dont give a crap about miners making profit. if your a miner then go mine all the other coins that going to go to 1 satoshi

WOW $50K，you have 2，000，000 utc ? UTC  is at 0.025$,50K$ can buy 2,000,000 utc

no. i invested way higher than what the price is now. i am pissed. i was one of the people that bought at 0.0004 and 0.00055 and 0.0008. and bitcoin was more expensive.

now the price is 0.00007 and my money went poof

buy another $50K,the price of utc will rise

i dont have another 50k

my apologise, but its only your problem. you just a bad investor who buy hi.

[SxC]

it should convert to 100% pos.
no need for more ultracoins

f instadump-miners, f asics, f litecoin, f the bs that huge moneysupply is needed, look at blackcoin.

just cut the supply of ultracoins, turn it to pos and make multipool.
i want my $50k back, i dont give a crap about miners making profit. if your a miner then go mine all the other coins that going to go to 1 satoshi

WOW $50K，you have 2，000，000 utc ? UTC  is at 0.025$,50K$ can buy 2,000,000 utc

no. i invested way higher than what the price is now. i am pissed. i was one of the people that bought at 0.0004 and 0.00055 and 0.0008. and bitcoin was more expensive.

now the price is 0.00007 and my money went poof

buy another $50K,the price of utc will rise

i dont have another 50k

my apologise, but its only your problem. you just a bad investor who buy hi.

Dont worry about it just keep hold of them you will reap the rewards

UTC was always aimed at a year longterm coin not a silly pump and dump get rich quick coin

[barbados-fs]

it should convert to 100% pos.
no need for more ultracoins

f instadump-miners, f asics, f litecoin, f the bs that huge moneysupply is needed, look at blackcoin.

just cut the supply of ultracoins, turn it to pos and make multipool.
i want my $50k back, i dont give a crap about miners making profit. if your a miner then go mine all the other coins that going to go to 1 satoshi

WOW $50K，you have 2，000，000 utc ? UTC  is at 0.025$,50K$ can buy 2,000,000 utc

no. i invested way higher than what the price is now. i am pissed. i was one of the people that bought at 0.0004 and 0.00055 and 0.0008. and bitcoin was more expensive.

now the price is 0.00007 and my money went poof

buy another $50K,the price of utc will rise

i dont have another 50k

We had to spend $ 30k to purchase coins and $ 20k for their subsequent promotion to the Exchange. See how it is done with BC or FLC.

[barbados-fs]

Progress report:

-Change the blockreward

As you know the current model turned out to be unsustainable,so we had to take action to ensure the interest of everyone.In this original model the daily supply is 144000 as opposed to LTC`s 25000.This means there has to be at least 6 times more demand for UTC then there is for LTC.This is an unrealistic expectation for a new coin,aswell as having 52% of the total coins mined in the first year.

We are taking an eco friendly route and all mining will be completed within 6 years time from now,we will have a blockreward of 15 for 4 years, and then a blockreward of 10 for 2 years.After this 6 year perdiod we are transitioning into 100% pos,and 10 million UTC will be distributes as POS rewards.

I beg your pardon. My translator translates badly so I do not quite understand the meaning. You're talking about reducing the volumes of coins miners, or that soon the miners will receive many times more coins than it is now? Say, now, I get a day at a speed of 350 coins ("+ - " 400kH/s) How much will I get coins after this update blockreward? More or less than this value, consider the complexity of course constantly.

Thanks in advance for your reply.

Hey! Have I asked the question so complex that it no one can give an answer? Dear, bumface, please give an explanation.

Sorry, but I have to repeat my question. Once again I am sorry. You know very well English, I do not know him. My Google translator translates badly. And I do not understand. After a change in coins reward will be more or less?

[bitfish]

no. i invested way higher than what the price is now. i am pissed. i was one of the people that bought at 0.0004 and 0.00055 and 0.0008. and bitcoin was more expensive.

now the price is 0.00007 and my money went poof

Apprentice's due = excellent investment. As long as same mistake not done twice...

[bumface]

Progress report:

-Change the blockreward

As you know the current model turned out to be unsustainable,so we had to take action to ensure the interest of everyone.In this original model the daily supply is 144000 as opposed to LTC`s 25000.This means there has to be at least 6 times more demand for UTC then there is for LTC.This is an unrealistic expectation for a new coin,aswell as having 52% of the total coins mined in the first year.

We are taking an eco friendly route and all mining will be completed within 6 years time from now,we will have a blockreward of 15 for 4 years, and then a blockreward of 10 for 2 years.After this 6 year perdiod we are transitioning into 100% pos,and 10 million UTC will be distributes as POS rewards.

I beg your pardon. My translator translates badly so I do not quite understand the meaning. You're talking about reducing the volumes of coins miners, or that soon the miners will receive many times more coins than it is now? Say, now, I get a day at a speed of 350 coins ("+ - " 400kH/s) How much will I get coins after this update blockreward? More or less than this value, consider the complexity of course constantly.

Thanks in advance for your reply.

Hey! Have I asked the question so complex that it no one can give an answer? Dear, bumface, please give an explanation.

Sorry, but I have to repeat my question. Once again I am sorry. You know very well English, I do not know him. My Google translator translates badly. And I do not understand. After a change in coins reward will be more or less?

less

50 ----> 15

[bumface]

it should convert to 100% pos.
no need for more ultracoins

f instadump-miners, f asics, f litecoin, f the bs that huge moneysupply is needed, look at blackcoin.

just cut the supply of ultracoins, turn it to pos and make multipool.
i want my $50k back, i dont give a crap about miners making profit. if your a miner then go mine all the other coins that going to go to 1 satoshi

dont dump, then you loose money, things will get better in UTC

[Klarisskin]

I agree with zeded. UTC supply is excessive. Reduce it, please. The sooner the better.

[MasterCATZ]

it should convert to 100% pos.
no need for more ultracoins

f instadump-miners, f asics, f litecoin, f the bs that huge moneysupply is needed, look at blackcoin.

just cut the supply of ultracoins, turn it to pos and make multipool.
i want my $50k back, i dont give a crap about miners making profit. if your a miner then go mine all the other coins that going to go to 1 satoshi

I know the feeling

I spent over $60k on R9 290's just to mine UTC

what I wish I did was NOT mine and just buy UTC direct from the exchange
even if I bought at the record high price i would be ahead in the amount of coins I still have

I held my launch date coin instead of dumping it at 90 cents
( wish I had dumped so I could buy back more cheap now )

I have been still scooping up all the coins that hit below 6

I pay over 50 cents per kw and UTC is not profitable for me to mine .. but still mining away in hope we hit the $1+ needed target to yield profits


dcgirl is doing a great job keeping UTC alive
xwebnetwork brought professionalism
and now Michael finally has faith in his own coin


I strongly believe bumbface was just too used to trolling that he actually believed in his own story, about his ScamCoin!! .
we all know he just wanted ASIC's to mine LTC.  

*edit*
I was referring to your trollish side I know who you are
( you know the immature split personality you have )
also knew about UTC's original true purpose


I liked UltraCoin so I stuck with it.
UltraCoin will be the Arbitrary Shuttle

in fact its mostly what I am using it for atm , beating a lot of other people to the initial alt coin dumps now

[barbados-fs]

less

50 ----> 15

Thank you. Tell me, what do you think , due to what the price would have to rise ? After all, if the award is reduced ie miners will receive less coins , and the price will not increase commensurately , the coin just simply cease to produce . I think. At least if the price will remain at the same level as now , and I'll get coins less cease its produce , as it will not be profitable. Already, at this price I do not get it profitable, because energy costs are 90 % of the value on which I can sell them . Extract them only for the future in hopes of raising money while they are still at least pay off the electricity spent on them .
Thank you.

[ivanlabrie]

it should convert to 100% pos.
no need for more ultracoins

f instadump-miners, f asics, f litecoin, f the bs that huge moneysupply is needed, look at blackcoin.

just cut the supply of ultracoins, turn it to pos and make multipool.
i want my $50k back, i dont give a crap about miners making profit. if your a miner then go mine all the other coins that going to go to 1 satoshi

I know the feeling

I spent over $60k on R9 290's just to mine UTC

what I wish I did was NOT mine and just buy UTC direct from the exchange
even if I bought at the record high price i would be ahead in the amount of coins I still have

I held my launch date coin instead of dumping it at 90 cents
( wish I had dumped so I could buy back more cheap now )

I have been still scooping up all the coins that hit below 6

I pay over 50 cents per kw and UTC is not profitable for me to mine .. but still mining away in hope we hit the $1+ needed target to yield profits


dcgirl is keeping UTC alive
xwebnetwork brought professionalism
and Michael finally has faith in his own coin

I strongly believe bumbface was just too used to trolling that he believed his own story,
about his ScamCoin!! .
we all know he just wanted ASIC's to mine LTC. 


I liked UltraCoin so I stuck with it.
UltraCoin will be the Arbitrary Shuttle

That sounds about right but hopefully with some community drive it can get places...

[dcgirl]

Hi everyone - I'd like to take a few minutes to say a couple of things. First, please know that the UTC team hears what you're saying. We understand the frustration you are feeling and recognize that many of you have taken on a difficult financial burden to support Ultracoin.

So, some updates. As has been mentioned, the developers ran into issues with the leveldb fix. We talked about this tonight and are looking into whether we can release the update (coincontrol, heartbleed fix and reward change) right away, and then take care of leveldb. We sent a message to the developers and are awaiting their response.

Next, the arbitrage site - I'm almost done, and will be releasing it within the next couple of days, for testing by the community.

We've held off on the marketing push until the wallet is upgraded, but that will start immediately after it is (the upgrade we're considering releasing right away). We also have a video and article that will be published in bitcoinwoman magazine at that time (this is on hold till the wallet upgrade as well, as I talk about POS in it). We will be looking at cross-posting this in other places as well.

We are also working with two different sources to create a pool or multipool for Ultracoin. We are looking for a developer that can help with this, so please provide me or bumface with any contacts you might have.

So, my message to you - I personally appreciate the faith you have put in me, and in our team. Rest assured that the entire team is continuing to work as hard as we can. I really believe that when the altcoin/cr*pcoin (sorry, that's the only name for it) craze settles down, Ultracoin will be one of the few coins remaining - it is that strong, it is that good and it has the best team and community in the business.

And one other note that bumface will probably smack me for saying - you should all be aware that he is funding quite a lot of what we're doing out of his own pocket. Asics or not, he's putting his money where his mouth is. Its one of the reasons I'm still here.

DCGirl

[barbados-fs]

Hi everyone - I'd like to take a few minutes to say a couple of things. First, please know that the UTC team hears what you're saying. We understand the frustration you are feeling and recognize that many of you have taken on a difficult financial burden to support Ultracoin.

So, some updates. As has been mentioned, the developers ran into issues with the leveldb fix. We talked about this tonight and are looking into whether we can release the update (coincontrol, heartbleed fix and reward change) right away, and then take care of leveldb. We sent a message to the developers and are awaiting their response.

Next, the arbitrage site - I'm almost done, and will be releasing it within the next couple of days, for testing by the community.

We've held off on the marketing push until the wallet is upgraded, but that will start immediately after it is (the upgrade we're considering releasing right away). We also have a video and article that will be published in bitcoinwoman magazine at that time (this is on hold till the wallet upgrade as well, as I talk about POS in it). We will be looking at cross-posting this in other places as well.

We are also working with two different sources to create a pool or multipool for Ultracoin. We are looking for a developer that can help with this, so please provide me or bumface with any contacts you might have.

So, my message to you - I personally appreciate the faith you have put in me, and in our team. Rest assured that the entire team is continuing to work as hard as we can. I really believe that when the altcoin/cr*pcoin (sorry, that's the only name for it) craze settles down, Ultracoin will be one of the few coins remaining - it is that strong, it is that good and it has the best team and community in the business.

And one other note that bumface will probably smack me for saying - you should all be aware that he is funding quite a lot of what we're doing out of his own pocket. Asics or not, he's putting his money where his mouth is. Its one of the reasons I'm still here.

DCGirl

My applause! We believe in UltraCoin, so we are still here and we support you with their miners.

--------
Have any of the developers can tell that with a purse. Previously, one very long run. I updated it strictly as written on the first page of the topic.

He booted up very quickly, and then synchronized with the network for a long time and pumped all the blocks, and then - again became a very long time to boot. Coin logo appears in the screen width and probably 10-15 minutes purse itself does not open. Then opened as expected-synchronized.

P.S. I will finish this translator. Probably have to learn English because it distorts the whole point of incredibly posts.

[thaitunhi1606]

I and my friends(my team) hold about 500k UTC. We believe UTC's developer.
Plz keep going and never give up!!!