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Author Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!  (Read 946571 times)
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thaitunhi1606
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May 22, 2014, 06:57:02 AM
 #14281

I think UTC need change FULL POS like CAIx.
My team and I still hold about 500k UTC.
Before 500k UTC ~ 100-150BTC, Now 500k UTC ~ 25 BTC.
Down and down... So sad...
If UTC want to PUMP price, we need CHANGE.
P/s: If you need code for change, plz pm me. We'll help. We can fix code for UTC
kkk2000
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May 22, 2014, 07:16:58 AM
 #14282

I think UTC need change FULL POS like CAIx.
My team and I still hold about 500k UTC.
Before 500k UTC ~ 100-150BTC, Now 500k UTC ~ 25 BTC.
Down and down... So sad...
If UTC want to PUMP price, we need CHANGE.
P/s: If you need code for change, plz pm me. We'll help. We can fix code for UTC


NO,change to X11 is better.
Because the scrpt-jane, after 5.24, almost none can mine this .
None mine this, none care this .
fredeq
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May 22, 2014, 07:18:00 AM
 #14283

Are we going higher nfactor in 2 days or it has/will be postponed?

https://whattomine.com - Check what to mine Smiley
thaitunhi1606
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May 22, 2014, 09:46:55 AM
 #14284

I think UTC need change FULL POS like CAIx.
My team and I still hold about 500k UTC.
Before 500k UTC ~ 100-150BTC, Now 500k UTC ~ 25 BTC.
Down and down... So sad...
If UTC want to PUMP price, we need CHANGE.
P/s: If you need code for change, plz pm me. We'll help. We can fix code for UTC


NO,change to X11 is better.
Because the scrpt-jane, after 5.24, almost none can mine this .
None mine this, none care this .

They mine and sell UTC. Price 'll be down and down again. Full POS is better. No mine no down.

https://mywl.lt/voting/ Vote UTC now!!!
amysun
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May 22, 2014, 10:01:46 AM
 #14285

Are we going higher nfactor in 2 days or it has/will be postponed?
yes,I think half of the miners will leave,and the price maybe half to 0.00003.
3r197
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May 22, 2014, 10:14:42 AM
 #14286

Are we going higher nfactor in 2 days or it has/will be postponed?
yes,I think half of the miners will leave,and the price maybe half to 0.00003.

I think we are still waiting for an official update on that matter. Some people are saying that bumface postponed it.
I'd like to know as well.
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May 22, 2014, 10:22:32 AM
Last edit: May 22, 2014, 10:43:34 AM by 3r197
 #14287

I think UTC need change FULL POS like CAIx.
My team and I still hold about 500k UTC.
Before 500k UTC ~ 100-150BTC, Now 500k UTC ~ 25 BTC.
Down and down... So sad...
If UTC want to PUMP price, we need CHANGE.
P/s: If you need code for change, plz pm me. We'll help. We can fix code for UTC


NO,change to X11 is better.
Because the scrpt-jane, after 5.24, almost none can mine this .
None mine this, none care this .

Well as far as I know their are only 3 scrypt chacha coins - correct me if I'm wrong.
There are quite a lot more X11's.
If I wanted to design a new ASIC to mine a so called ASIC proof algorithm, of the 2 choices above, which would I pick, the algorithm with the least amount of coins implementing its use or the one with the most amount.

And don't fear Nf13 or Nf14
Just look at YaCoin.
It's on Nf 14 currently. Looks at it's mining profitibility. http://www.whattomine.com/



mishax1
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May 22, 2014, 10:26:08 AM
 #14288

I think UTC need change FULL POS like CAIx.
My team and I still hold about 500k UTC.
Before 500k UTC ~ 100-150BTC, Now 500k UTC ~ 25 BTC.
Down and down... So sad...
If UTC want to PUMP price, we need CHANGE.
P/s: If you need code for change, plz pm me. We'll help. We can fix code for UTC


NO,change to X11 is better.
Because the scrpt-jane, after 5.24, almost none can mine this .
None mine this, none care this .

They mine and sell UTC. Price 'll be down and down again. Full POS is better. No mine no down.

https://mywl.lt/voting/ Vote UTC now!!!


You can't be seriously offer a POS system after you declare you own 500K UTC...
3r197
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May 22, 2014, 10:41:30 AM
 #14289

If you currently look at other coins with similar total coin supplies, you will see that UTC is right in line with them.
Do I think UTC is undervalued, of course, especially because our Dev's are more active than any other coin that I know of. New features keep coming, eventually this will create a breakout from the norm and those skiddish investors just watching and waiting will finally buy in. Volume will rise, and boom, you have a positive domino effect.

Just be patient. It's going to happen.
SxC
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May 22, 2014, 10:53:49 AM
 #14290

dont wanna sound like im on a downer but i think we shall see 3k sats before we see 8k sats tbh
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May 22, 2014, 11:22:28 AM
 #14291

I think UTC need change FULL POS like CAIx.
My team and I still hold about 500k UTC.
Before 500k UTC ~ 100-150BTC, Now 500k UTC ~ 25 BTC.
Down and down... So sad...
If UTC want to PUMP price, we need CHANGE.
P/s: If you need code for change, plz pm me. We'll help. We can fix code for UTC


NO,change to X11 is better.
Because the scrpt-jane, after 5.24, almost none can mine this .
None mine this, none care this .

They mine and sell UTC. Price 'll be down and down again. Full POS is better. No mine no down.

https://mywl.lt/voting/ Vote UTC now!!!


You can't be seriously offer a POS system after you declare you own 500K UTC...

Self-centred Chinese. They hold too much coin.
dcgirl
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May 22, 2014, 11:32:52 AM
 #14292

Community IRC Chat Tonight

There will be a community IRC chat tonight, at 6PM EDT, for community members to share concerns, hear what the Dev team is working on and ask questions. Please feel free to join us at:

http://webchat.freenode.net/

Channel: #ultracoin

Note to those of you in the EU and other timezones, apologies if this is too late for you. We will be hosting these more often and will try to change the times so everyone can attend at least some of these. And, please be aware that we are currently assessing options to provide a more interactive community discussion area.
fabietech
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May 22, 2014, 01:28:04 PM
 #14293

Community IRC Chat Tonight

There will be a community IRC chat tonight, at 6PM EDT, for community members to share concerns, hear what the Dev team is working on and ask questions. Please feel free to join us at:

http://webchat.freenode.net/

Channel: #ultracoin

Note to those of you in the EU and other timezones, apologies if this is too late for you. We will be hosting these more often and will try to change the times so everyone can attend at least some of these. And, please be aware that we are currently assessing options to provide a more interactive community discussion area.

Everything is UP UTC down! the big problem is we need some very special news that big buyers will BUY

Problem: NO BUY SUPPORT UNTILL 0

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May 22, 2014, 02:10:53 PM
 #14294

Looks like minimum price for a twitter tipbot is going to be around 0.2 btc. We already have 1000 UTC bounty and I'll donate some more if the community thinks it's worth it.

I contacted a couple of people and I'm waiting for a response.

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fredeq
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May 22, 2014, 02:34:12 PM
 #14295

I think UTC need change FULL POS like CAIx.
My team and I still hold about 500k UTC.
Before 500k UTC ~ 100-150BTC, Now 500k UTC ~ 25 BTC.
Down and down... So sad...
If UTC want to PUMP price, we need CHANGE.
P/s: If you need code for change, plz pm me. We'll help. We can fix code for UTC


NO,change to X11 is better.
Because the scrpt-jane, after 5.24, almost none can mine this .
None mine this, none care this .

Well as far as I know their are only 3 scrypt chacha coins - correct me if I'm wrong.
There are quite a lot more X11's.
If I wanted to design a new ASIC to mine a so called ASIC proof algorithm, of the 2 choices above, which would I pick, the algorithm with the least amount of coins implementing its use or the one with the most amount.

And don't fear Nf13 or Nf14
Just look at YaCoin.
It's on Nf 14 currently. Looks at it's mining profitibility. http://www.whattomine.com/





Yacoin maybe profitable but only with low-end high memory gpus. Mining with 280x+ is not so good. I would prefer to stay nf12, we discussed it in the past, we agreed on it.

https://whattomine.com - Check what to mine Smiley
bumface (OP)
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May 22, 2014, 02:50:10 PM
 #14296

Status update:

Team UTC is currently discussing changing the POS time to 3 months @ 5%,and what the effects would be.

We are also discussing the consequences of lowering the N factor,as well as the making an assessment of peoples suggestions like going full POS and lowering the total coin ammount.

I want to make it clear that no decision has been made at this time,we are simply investigating all options to make a well informed and responsible decision.

We will not make hasty decicions because the price is low,since we have a clear vision of the future and there is no reason to panic.We want the best for our community members and miners.I will say that we are quite surprised that people are selling this low,since we have one of the most dedicated teams working on innovations.




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May 22, 2014, 02:54:43 PM
 #14297

Hi there,
Long time no see, been kind of busy and still am.
Anyway, wanted to share with you that there was this crazy 10'000BTC pizza day anniversary a few days ago.
I asked to myself: why not making the 10'000UTC pizza day someday? Someone willing to spend 10kUTC on a pizza?
Then all we need is advertise the fact that we got the pizza warm and not cold because payment was so quick, hehe



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May 22, 2014, 03:03:54 PM
 #14298

Hi there,
Long time no see, been kind of busy and still am.
Anyway, wanted to share with you that there was this crazy 10'000BTC pizza day anniversary a few days ago.
I asked to myself: why not making the 10'000UTC pizza day someday? Someone willing to spend 10kUTC on a pizza?
Then all we need is advertise the fact that we got the pizza warm and not cold because payment was so quick, hehe


Cool, I would make a pizza for that  Grin

WARNING HIGH SPEED - UTC - Ultracoin
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May 22, 2014, 03:43:41 PM
 #14299

I noticed the bounty for twitter tipper bot is only 1000 UTC. How much do you think it would take to get the ball rolling?

If you can find someone that's willing to create this, let me know and we'll talk. Its on my list but a few other things are higher priority right now.

I contacted UnekPL on reddit and he said he would develop one for 2000 UTC.

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nuocmamt
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May 22, 2014, 03:47:25 PM
 #14300

Can you somehow reset the n factor and rework it so it changes every three months. These times seem more reasonable since it takes about 6 months to develop a new asic. Heck we could go with every 6 months since the n factor changes. I think that miners feel that mining with the n factor changes is inefficient. Its hard to understand if you're getting a good hashrate or not.
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