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

[dcgirl]

Thanks everyone for your feedback on the ultra-arb twitter bot. I've made the following changes, hopefully this provides a good balance between sharing information and not being so annoying  

1. Tweets are now sent for the first time an arb opp goes over 8% - this means if, say WC is 8.08%, then 8.5%, it only sends a tweet at 8.08. The next tweet sent will be for a different coin that goes over 8% (which then resets WC so it can be sent again).

2. I created a new bot that sends one tweet per hour, for the highest most recent arb opp. This isn't like the first bot, which tells the user to act quickly, but more to just draw attention to ultra-arb.

I'm going to let this run for a bit and see if things are improved.

[kickky]

You paid an external consultant 5BTC for this? 

we spent a whole lot more then 5 btc actually

You paid an external consultant 5BTC for this? 

we spent a whole lot more then 5 btc actually

20% interest per year if you:
3. Have wallet online all year

ambiguous statement

Does that mean you get nothing if you went off-line for a week, a day, or a month? or even a second?

If that's the case, no one will get the stake, or at least 90% people won't

[dcgirl]

You paid an external consultant 5BTC for this? 

we spent a whole lot more then 5 btc actually

You paid an external consultant 5BTC for this? 

we spent a whole lot more then 5 btc actually

20% interest per year if you:
3. Have wallet online all year

ambiguous statement

Does that mean you get nothing if you went off-line for a week, a day, or a month? or even a second?

If that's the case, no one will get the stake, or at least 90% people won't

Others can provide more detail than me, but from what I understand, your stake is reduced proportionally based on how long it was open during the year.

[kickky]

You paid an external consultant 5BTC for this? 

we spent a whole lot more then 5 btc actually

You paid an external consultant 5BTC for this? 

we spent a whole lot more then 5 btc actually

20% interest per year if you:
3. Have wallet online all year

ambiguous statement

Does that mean you get nothing if you went off-line for a week, a day, or a month? or even a second?

If that's the case, no one will get the stake, or at least 90% people won't

Others can provide more detail than me, but from what I understand, your stake is reduced proportionally based on how long it was open during the year.

there should be a chart for us to better understand how it works.

[dcgirl]

You paid an external consultant 5BTC for this? 

we spent a whole lot more then 5 btc actually

You paid an external consultant 5BTC for this? 

we spent a whole lot more then 5 btc actually

20% interest per year if you:
3. Have wallet online all year

ambiguous statement

Does that mean you get nothing if you went off-line for a week, a day, or a month? or even a second?

If that's the case, no one will get the stake, or at least 90% people won't

Others can provide more detail than me, but from what I understand, your stake is reduced proportionally based on how long it was open during the year.

there should be a chart for us to better understand how it works.

Agreed, and its on the list. Anyone in the community that wants to take a stab out of creating it is more than welcome to.

[barbados-fs]

We would like to announce that the tests at utc multipool have been carried out successfully and we are out of test mode.


Apologies that tests lasted longer than we expected but it is because of the low hashrate and we needed to wait longer to find blocks.

Now we want to increase the profitability of UTC multipool and the value of UTC coin but it is all up to your hashes.

If you have ASIC's for SHA 256 , please point them at the multipool so that we will be able to mine the most profitable coin at the moment, which is BTC (but mining of BTC needs a legion of hashes )

Miners with GPU's -> do not join mining SHA  because it isn't profitable for you. Mine script coins instead.


Someone asked about the frequency of payouts:
on average ot will be once in 24 hours; but at high hashrate it may be more often

Someone asked where we trade:
at various exchanges

Time of buying UTC:
various - this is to avoid manipulation of the price

Now, which mining algorithms would you like to see in UTC multipool?

You are more then welcome to mine with UTC multipool
http://utcmultipool.com/

EXCELLENT! It means you are responsible for multipul? Good to have you here. You should come here more often that to know the mood of people
Multipul is a great idea, BUT we should somehow make efforts that would more people switched from conventional pools (Nitro and others) it is on multipul, because it is more profitable to all of us.

You would be advised to work on statistics. It should be as full as usual pool. Shakhtar should see the options to their facilities you at the pool. Speed, Hasrat expected number of coins. I personally do not have enough, because mined coins with closed eyes and understand pool work or not, you can just looking at their Shakhtar and on payments.

With all my respect to you we need to strive to do better than multipul blackcoinpool.com.

Guys, let's think how to attract the maximum number of miners on multipul with conventional pools.

Why those who generate UTC on conventional pools does not understand that to get on multipule more profitable for the UTC?

[barbados-fs]

.  NICE Job MAN i WOULD. LIKE TO SEE X11 COINS.  There are to many we can choice think about                     

You need to add more profitable coins and algorithms.

Unfortunately, the algorithm script too much warms my GPU algorithm script-chacha warmed cards less. I would upgrade to cooler algorithm production even at the expense of profitest.

[Thiago1]

We would like to announce that the tests at utc multipool have been carried out successfully and we are out of test mode.


Apologies that tests lasted longer than we expected but it is because of the low hashrate and we needed to wait longer to find blocks.

Now we want to increase the profitability of UTC multipool and the value of UTC coin but it is all up to your hashes.

If you have ASIC's for SHA 256 , please point them at the multipool so that we will be able to mine the most profitable coin at the moment, which is BTC (but mining of BTC needs a legion of hashes )

Miners with GPU's -> do not join mining SHA  because it isn't profitable for you. Mine script coins instead.


Someone asked about the frequency of payouts:
on average ot will be once in 24 hours; but at high hashrate it may be more often

Someone asked where we trade:
at various exchanges

Time of buying UTC:
various - this is to avoid manipulation of the price

Now, which mining algorithms would you like to see in UTC multipool?

You are more then welcome to mine with UTC multipool
http://utcmultipool.com/

EXCELLENT! It means you are responsible for multipul? Good to have you here. You should come here more often that to know the mood of people
Multipul is a great idea, BUT we should somehow make efforts that would more people switched from conventional pools (Nitro and others) it is on multipul, because it is more profitable to all of us.

You would be advised to work on statistics. It should be as full as usual pool. Shakhtar should see the options to their facilities you at the pool. Speed, Hasrat expected number of coins. I personally do not have enough, because mined coins with closed eyes and understand pool work or not, you can just looking at their Shakhtar and on payments.

With all my respect to you we need to strive to do better than multipul blackcoinpool.com.

Guys, let's think how to attract the maximum number of miners on multipul with conventional pools.

Why those who generate UTC on conventional pools does not understand that to get on multipule more profitable for the UTC?

WE UNDESTANDING YOUR POINT BUT THINK ABOUT THIS IF NOBODY MINE ULTRACOINDIRECTLY HOW TO THE COIN SURVIVE I BELIEVE THAT KEEPING THE BALANCE IS BETTER

[batty634]

Great point thiago, spread the hash between the multipool and the official pool

[Beave162]

The minimum time for PoS is 1 year...
coin age is not affected by whether your wallet is running/unlocked, so no you don't need your 'wallet online on year'. But you should have it on after 365 days in order to be able to mint staked coins. If you don't, it would be like not rolling over a CD in a bank--you could lose compounded interest.

But... I found this gem:

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  

So the coin's own developer doesn't understand Proof of Stake at all?

are.you.freaking.kidding.me?!?

It is worse than I ever thought...

[Levole11]

The minimum time for PoS is 1 year...
coin age is not affected by whether your wallet is running/unlocked, so no you don't need your 'wallet online on year'. But you should have it on after 365 days in order to be able to mint staked coins. If you don't, it would be like not rolling over a CD in a bank--you could lose compounded interest.

But... I found this gem:

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  

So the coin's own developer doesn't understand Proof of Stake at all?

are.you.freaking.kidding.me?!?

It is worse than I ever thought...

no one is even seriously listening to you man.. you're becoming pathetic in your attempts..

[Levole11]

The minimum time for PoS is 1 year...
coin age is not affected by whether your wallet is running/unlocked, so no you don't need your 'wallet online on year'. But you should have it on after 365 days in order to be able to mint staked coins. If you don't, it would be like not rolling over a CD in a bank--you could lose compounded interest.

But... I found this gem:

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  

So the coin's own developer doesn't understand Proof of Stake at all?

are.you.freaking.kidding.me?!?

It is worse than I ever thought...

no one is even seriously listening to you man.. you're becoming pathetic in your attempts..

Go Yacoin, have some success so this troll pisses off..

[SxC]

The minimum time for PoS is 1 year...
coin age is not affected by whether your wallet is running/unlocked, so no you don't need your 'wallet online on year'. But you should have it on after 365 days in order to be able to mint staked coins. If you don't, it would be like not rolling over a CD in a bank--you could lose compounded interest.

But... I found this gem:

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  

So the coin's own developer doesn't understand Proof of Stake at all?

are.you.freaking.kidding.me?!?

It is worse than I ever thought...

no one is even seriously listening to you man.. you're becoming pathetic in your attempts..

Go Yacoin, have some success so this troll pisses off..

lol yuckcoin is dead

[barbados-fs]

WE UNDESTANDING YOUR POINT BUT THINK ABOUT THIS IF NOBODY MINE ULTRACOINDIRECTLY HOW TO THE COIN SURVIVE I BELIEVE THAT KEEPING THE BALANCE IS BETTER

Today people on hands and so many UTC their number than enough what would without production of new UTC to raise the price up to heaven. There will always be someone who is willing to sell the coin here and now, because he has to cover the expenses for electricity, maintenance facilities, food and more. Then coins still ALWAYS will sell no matter obtain it or not.

[troicho]

Yea wth! But YAC is still the most profitable for my mining rigs sooooooo.... no?

if you check his posts he tried to get a MP going for yuckcoin dunno if that came off yet but this is after dissing our idea of a MP

Multipool is great! And yes, I have a bounty for a YACoin multipool. Where did I diss 'your' (I'll go along with you and others laying claim to it) multipool, just curious? I remember saying good things about the UTC multipool...

The most profitable, but no one wants to mine your dead yuckcoin except you. GTFO, retard

[ivanlabrie]

My gtx 750 ti rigs disagree

UTC was good before the block reward change...I'll buy utc if I see it trending upwards.

Dcgirl: nice work Gonna have to send you a tip after all these succesful arbs.

[barbados-fs]

See how the idea of moving to BC (https://bitcointalk.org/index.php?topic=469640.msg6459793#msg6459793)

Will be good PR campaign. we have much to learn from them.

[KingCole]

We would like to announce that the tests at utc multipool have been carried out successfully and we are out of test mode.


Apologies that tests lasted longer than we expected but it is because of the low hashrate and we needed to wait longer to find blocks.

Now we want to increase the profitability of UTC multipool and the value of UTC coin but it is all up to your hashes.

If you have ASIC's for SHA 256 , please point them at the multipool so that we will be able to mine the most profitable coin at the moment, which is BTC (but mining of BTC needs a legion of hashes )

Miners with GPU's -> do not join mining SHA  because it isn't profitable for you. Mine script coins instead.


Someone asked about the frequency of payouts:
on average ot will be once in 24 hours; but at high hashrate it may be more often

Someone asked where we trade:
at various exchanges

Time of buying UTC:
various - this is to avoid manipulation of the price

Now, which mining algorithms would you like to see in UTC multipool?

You are more then welcome to mine with UTC multipool
http://utcmultipool.com/

Please could you add a reset password facility? I'm sure I have the original logon credentials for the site but it doesn't like my password.

Cheers

KC

[hashfever]

Thank you for the feedback on UTC multipool.

Just to inform , we are now working on adding X11 as suggested.
We'll do our best to have it ready in a few hours
Then we will answer other questions that have been posted here

Cheers

[funsponge]

Personally as an investor and not a miner I would like more info about POS.

I have 100k UTC and don't know if;

*   I can move them around different wallets
*   Have to always have my laptop on to achieve POS
*   If I have to always be connected and have a powercut do I lose my POS, if that's the case whats my incentive not to dump it all once i make a profit?
*   When I can qualify for POS as I didn't get all 100k UTC at the same time etc etc etc

I'm only asking as I don't know. I am not going to be dumping, but I hope I ask serious questions others are unsure of also.