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

[lenhi426]

@CryptoTrain-net

I am just curious and want to understand.
The Multipool is up and running.
Already there are some miners who put there rigs on the multipool.
The multipool mines the most profitable coin.
Then those coins get sold.
Then UTC coins are bought back.
This trick must push the UTC price up.
But if I look at the price of UTC now I don't see a big difference.

What do I miss here ?
What do I not see ?

The problem is the multipool does not have anywhere close enough workers to make an impact yet. Upon having all 3 algorithms working perfectly and a high enough hashrate. The price will increase dramatically.
We are currently only buying 4000 UTC a day. Once that picks up, the coin itself will rise.

How long payment times in 1 day with X11

[nanoprobe]

Are you still using the mining rig u have ordered to buy UTC?

Can someone answer this very important question please

im getting my ROI first on a multipool that pays out BTC, and then il put some hash on the UTC multipool

FWIW my asic will not work at the UTC multipool. It works everywhere else including other multipools. I've triple checked everything and have no answer as to why this is happening. I hope someone has an answer because I bought it to specifically mine at CryptoTrain.

Try again now Nano, I have raised the starting difficulty to 512. This should be enough to compensate for ASIC's.

Looks like that fixed it. No more rejected because of low diff so far. I'll let it run over nite and see what it looks like in the morning.
Thanks.

[nanoprobe]

Looks like there are problems. Miners keep losing connection with the pool.

[rapture333]

Same here, keep losing connection with Stratum 0 then picking back up. I am guessing this is the multipool switching coins. I'm not sure if I had this problem mining Scrypt but right now I am running X11. The miner keeps picking up the connection and dropping it, not sure why.

[rapture333]

[rapture333]

Remember guys, it is the last week to vote for your favorite rig over at Ultracointalk and submit your picture for the contest. Winner will be decided soon so check out the contest now! Remember, you are entered in the drawing for the Ultracoin Keychain, just for registering on the site! Check it out today at http://ultracointalk.org/index.php?topic=103.0

[cryptotrain-net]

Hello All,

Sorry about the excessive downtime. We had one of our SHA256 coins go haywire...
The coin decided to try and spit out invalid information into our system, Causing a series of database errors. It has now been fixed and SHA coins have been disabled until further notice.

Sorry for the inconvenience this may cause, You shares information is still present and safe, This will not affect your payout

Feel free to jump on freenode.net IRC and chat with me about this

Kind Regards,
CT

[cryptotrain-net]

Are you still using the mining rig u have ordered to buy UTC?

Can someone answer this very important question please

im getting my ROI first on a multipool that pays out BTC, and then il put some hash on the UTC multipool

FWIW my asic will not work at the UTC multipool. It works everywhere else including other multipools. I've triple checked everything and have no answer as to why this is happening. I hope someone has an answer because I bought it to specifically mine at CryptoTrain.

Try again now Nano, I have raised the starting difficulty to 512. This should be enough to compensate for ASIC's.

Looks like that fixed it. No more rejected because of low diff so far. I'll let it run over nite and see what it looks like in the morning.
Thanks.

Sorry about the connection issues, would you be kind enough to re-connect so i can verify the issue is resolved?

Everything is stable again now. SHA-256 Coins were injecting bad data into the database.

[cryptotrain-net]

@CryptoTrain-net

I am just curious and want to understand.
The Multipool is up and running.
Already there are some miners who put there rigs on the multipool.
The multipool mines the most profitable coin.
Then those coins get sold.
Then UTC coins are bought back.
This trick must push the UTC price up.
But if I look at the price of UTC now I don't see a big difference.

What do I miss here ?
What do I not see ?

The problem is the multipool does not have anywhere close enough workers to make an impact yet. Upon having all 3 algorithms working perfectly and a high enough hashrate. The price will increase dramatically.
We are currently only buying 4000 UTC a day. Once that picks up, the coin itself will rise.

OK. Thanks, good answer.

Why do you think there are not enough workers that step in ?

Do they don't know about the multipool?
Is it to difficult to put workers on the multipool ?
Or is it the problem of temperature of summer for the cards at this moment now ?
Or is it some other problem ?

To be perfectly honest, The pool has only been around for a few days now and most people are very skeptical, Which is fair enough. I have been operating a series of pools for the better part of a year now and this is one of my first multipools that i have setup. I really do appreciate the support from the people that are currently miner there now, It really do help progress the development with the pool but since I am also a fan of UTC I am hoping it will help gain popularity for the coin and its community!

The temperature can be an issue sometimes, But if you tune down the intensity on your x11 mining, you card will not even rise about 52degrees Celsius.

The main issue is that most people are not too interested in mining Ultracoin as of yet. I get a lot of page views a day, but what most people do is instantly go to an exchange and check out the coins popularity. Which is an issue with the overall crypto community. But as soon as ultracoin starts reaching for the moon, the popularity will rise and so will the coins price! Look at PIGGY for example, as a POW coin PIG was useless because it offered nothing, But as soon as they axed it hard and made it a POS coin, Everyone is going ape shit.

Essentially, this coin will do really well, especially with the management strategies that are in place to help progress it, it just needs time

[rapture333]

Thank you for the quick response and help.

[cryptotrain-net]

Thank you for the quick response and help.

No Problem Rapture

[utcminer]

ok the multipool is cool

but the diff of utc become low,and 1M hashrate of chacha will produce 8000utc which is 5000 before the multipool is open

so i suggest that let's reduce the reward of every block from 15 to 5. That means the output of utc will reduce from 45000 to 15000 per day

[cryptotrain-net]

Anyone interested in some trolling?

http://www.cryptotrain.net/chat

[GamingUnleashed]

I had 10 mhs on x11 for over 24 hr 2.7% share and only recived 21 UTC   same rig mining UTC is normally over 300 coins

I am hoping this is related to the downtime of Cryptotrain, I will run for one more day ( 6 hrs till shift is over ) then I will try it on UTC again and compare which way is best to collect UTC

main issue is I use 2x the amount of killawatts on UTC then I do on X11 coins !!!

then I will go back to mining other new coins and just buying UTC

[cryptotrain-net]

I had 10 mhs on x11 for over 24 hr 2.7% share and only recived 21 UTC   same rig mining UTC is normally over 300 coins

I am hoping this is related to the downtime of Cryptotrain, I will run for one more day ( 6 hrs till shift is over ) then I will try it on UTC again and compare which way is best to collect UTC

main issue is I use 2x the amount of killawatts on UTC then I do on X11 coins !!!

then I will go back to mining other new coins and just buying UTC

What was your UTC address just so I can check the information for you?

[barbados-fs]

13000 that you made from utc   You really don't get it do you, my miners are not going to point at your coin and I am not going to hold your coin when the founder is even going to mine it.

Everything you do is for you  

Here you can say anything and send your hash anywhere. Here without you miss those who support and maintain UTC and on. We believe in UTC and we see that the developers are doing everything that depends on them that would UTC evolved.

What do you want from the developers? What would they spend all their money exclusively on UTC? And what they need to live? eat? All who are interested in UTC must somehow support it. Someone with money, someone developments, some hash.

I direct your hash to UTC for several months and keep their coins with them. My installation has been operating for several months at a loss. Not only did I not pay them, I pay out of pocket for electricity. I do not sell UTC because I believe that it will cost a lot sooner or later, and then everything will pay off.

[utcminer]

UPDATE AS PROMISED


Dear Ultracoin community members,

I am happy to share some new and positive news about the future Management of UTC.

Today I have completed my 3rd negotiations meeting with a team of Dutch investors who believe and plan to invest in the future of UTC by re-starting several developments.

I see this as a very fruitful and welcome opportunity for UTC and I believe it will give a positive boost for the long term.


The new team of investors have my full approval,and we are discussing transfering the management of Ultracoin to them,and this also entails passing along full control in desicion making to this team.

Off course I will stay in the new team as a Strategic Partner and as member of the Dev Team i will lead several (new) developments,such as the minecraft plugin.
At this upcoming days we're working hard to give further shape and to develop the plans for the best future of UTC.

The new investors have the financial backing and marketing skills in order to make Ultracoin a success in the long term.
We will provide you the upcoming period with several updates about the progress and plans of the new management team.


I ask all UTC'ers to have a little patience before we can tell the plans in detail. This wil take about two weeks.
I have started these negotiations in the best interrest of UTC,and i believe this team can provide what the coin needs.


Michael.

good

[KingCole]

I had 10 mhs on x11 for over 24 hr 2.7% share and only recived 21 UTC   same rig mining UTC is normally over 300 coins

I am hoping this is related to the downtime of Cryptotrain, I will run for one more day ( 6 hrs till shift is over ) then I will try it on UTC again and compare which way is best to collect UTC

main issue is I use 2x the amount of killawatts on UTC then I do on X11 coins !!!

then I will go back to mining other new coins and just buying UTC

Something doesn't sound right, I'm sure CryptoTrain will be able to sort it out. I have been mining on the Multipool for four days now. My experience has been very positive. I'm mining x11 with  four cards and getting about 7-10MHz and nice low temps. Payout is much better than mining UTC directly for example 250UTC in a 24 hour period where I was doing lots of tinkering and a few hours of Scrypt.

CT is another asset to the UTC community so please support him

KC

[cryptotrain-net]

I had 10 mhs on x11 for over 24 hr 2.7% share and only recived 21 UTC   same rig mining UTC is normally over 300 coins

I am hoping this is related to the downtime of Cryptotrain, I will run for one more day ( 6 hrs till shift is over ) then I will try it on UTC again and compare which way is best to collect UTC

main issue is I use 2x the amount of killawatts on UTC then I do on X11 coins !!!

then I will go back to mining other new coins and just buying UTC

Something doesn't sound right, I'm sure CryptoTrain will be able to sort it out. I have been mining on the Multipool for four days now. My experience has been very positive. I'm mining x11 with  four cards and getting about 7-10MHz and nice low temps. Payout is much better than mining UTC directly for example 250UTC in a 24 hour period where I was doing lots of tinkering and a few hours of Scrypt.

CT is another asset to the UTC community so please support him

KC

Cheers KC,

Myself and GamingUnleashed have been conversing over Private Messages.
From what the database is telling me it was just he started towards the end of the shift.

I have also added countdown timers for users reference  as to when shifts are ending, they are located in the sidebar.

Oh, there's also going to be a big payout tonight. Just a little something to get everyone excited. Get all your hashes in, you will want to be apart of this one!

[bumface]

I had 10 mhs on x11 for over 24 hr 2.7% share and only recived 21 UTC   same rig mining UTC is normally over 300 coins

I am hoping this is related to the downtime of Cryptotrain, I will run for one more day ( 6 hrs till shift is over ) then I will try it on UTC again and compare which way is best to collect UTC

main issue is I use 2x the amount of killawatts on UTC then I do on X11 coins !!!

then I will go back to mining other new coins and just buying UTC

Something doesn't sound right, I'm sure CryptoTrain will be able to sort it out. I have been mining on the Multipool for four days now. My experience has been very positive. I'm mining x11 with  four cards and getting about 7-10MHz and nice low temps. Payout is much better than mining UTC directly for example 250UTC in a 24 hour period where I was doing lots of tinkering and a few hours of Scrypt.

CT is another asset to the UTC community so please support him

KC

Cheers KC,

Myself and GamingUnleashed have been conversing over Private Messages.
From what the database is telling me it was just he started towards the end of the shift.

I have also added countdown timers for users reference  as to when shifts are ending, they are located in the sidebar.

Oh, there's also going to be a big payout tonight. Just a little something to get everyone excited. Get all your hashes in, you will want to be apart of this one!

thank you for all your hard work (and thiago too) we really appreaciate it!