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Author Topic: [UNO] Unobtanium Info & Discussion - Merge Mine w/BTC! - Update NOW to qt 0.11.0  (Read 1039818 times)
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ethought
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December 26, 2014, 02:14:05 AM
 #4861

Lets NOT use https://www.miningpool.co/stats/UNO/ . It shows current hash rate of 10Ths, yet last block was over 120 hours ago.

Please read the post above. Blocks are still being found - front end is just trying to catch up from outage.

Last block processed on front end was @ 23:03:48 - 25/12
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December 26, 2014, 03:04:22 AM
 #4862

Well.. appreciate that. We are getting 97% of the blocks at coinking and less than 4 min apart. Have used your pool and it works well. Gonna stick with coinking for now. Thank you for clearing that up.

I want to make sure everyone knows that I just released my software called "Yobit pump alert". THis is custom software that uses an algo to detect the start of a pump here on yobit, the second it starts. YOu can even filter the coins you see by price. Most pumps start less than 100 sats , so you can easily filter the cheap coins, so they are the only ones displayed Smiley https://bitcointalk.org/index.php?topic=1945937.msg20241953#msg20241953
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December 26, 2014, 06:36:52 AM
Last edit: December 26, 2014, 10:53:12 AM by coaex
 #4863

it seems UNO market has panic sellers, as well.
no need to worry, dear friends. we're trading and increasing our UNO amount.

Coaex Precious Metals - Cryptocoin Gold and Silver Bullion
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December 26, 2014, 08:13:44 AM
Last edit: December 26, 2014, 11:57:00 AM by BitcoinNational
 #4864

@coaex

I am thinking Un-Ex could work with you on market liquidity in 2015.
Some form of contract rates.

This way you can pass the trading work off to Un-Ex and have fixed $$ rate of exchange but if you are in the accumulation side too then maybe some kind of joint venture trade desk?

CASE IN POINT
Say there is this joint venture trade desk between [Un-Ex, Coaex, and DVC] that effectively supports an absolute minimum price.  

Base line support  
This means that we have provable reserves in gold, silver, and cash to back the base line support for 10-80 tons of Uno.  One giant asset backed backstop.  This also means we don't have to park funds in the exchanges.  Instead 'redeemers' would exchange their UNO for cash or bullion directly at the base price rate.  Also market 'arbitrators' would come to us to sell at the base line price UNO for BTC or MEM or NXT or whatever we offer.

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coaex
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December 26, 2014, 08:49:39 AM
 #4865

@coaex

I am thinking Un-Ex could work with you on market liquidity in 2015.
Some form of contract rates.

This way you can pass the trading work off to Un-Ex and have fixed $$ rate of exchange but if you are in the accumulation side too then maybe some kind of joint venture trade desk?

CASE IN POINT
Say there is this joint venture trade desk between [Un-Ex, Coaex, and DVC] that effectively supports an absolute minimum price.  

Base line support  
This means that we have provable reserves in gold, silver, and cash to back the base line support for 10-80 tons of Uno.  One giant asset backed ... backstop.  This also means we don't have to park funds in the exchanges.  Instead 'redeemers' would exchange their UNO for cash or bullion directly at the base price rate.  

Noblecoin had a similar concept and they failed.
Before launching a startup, you should ask yourself these questions:
1) Is it beneficial for any of the parties involved?
2) Why people should prefer this method if there is an alternative?

In this regard, we can ask you what benefit we can get using Un-Ex instead of our website - regular business.
How can you provide fixed USD rate while markets are moving? By the way, we are always in BTC accumulation side and distribute it partially (around 5% of total funds) to altcoins.
Apart from that, we are quite satisfied with bullion orders in UNO. Let us know when Un-Ex is launched, we can provide some feedback and/or contribute actively.

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December 26, 2014, 10:11:54 AM
 #4866

Well.. appreciate that. We are getting 97% of the blocks at coinking and less than 4 min apart. Have used your pool and it works well. Gonna stick with coinking for now. Thank you for clearing that up.

I took a look at coinking.io.  While they do indeed offer UNO mining, it looks like they don't offer payouts in UNO so you have get your payouts in BTC or some others.
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December 26, 2014, 10:57:47 AM
 #4867

Liquidity for merchants is a primary goal of the Un-Ex Project; but we should note that Coaex holds Uno – so they are perhaps in a different category than those merchants whom we would encourage to accept Unobtanium by giving them tech-support and a place to sell that Unobtanium.

I must admit that I shy away from ‘pegs’ of all forms. They end in tears.

It would be fine to have Coaex keep an eye on the Un-Ex/DVC Project. When we have deeper roots, we’d like to find mutually-beneficial arrangements.

I am not in charge.

Mark (IndiaMikeZulu), Western Australia
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December 26, 2014, 11:25:20 AM
Last edit: December 26, 2014, 05:58:38 PM by BitcoinNational
 #4868

When we have deeper roots, we’d like to find mutually-beneficial arrangements.

Yes at the moment just a concept but the goal being full functionality in the later half of 2015.  

Not so much a peg more like contract/option ... right now UNO could trade from 0.005-0.015 so the volatility is too much but I think Un-Ex participants will have a very good idea of the moving average come Q2 2015 (spring).

Un-Ex could then issue $ based contracts (say 10day fixed rates) and settle via wire transfers if needed or BTC.    

@Coaex
Example if you are always in BTC accumulation side then Un-Ex underwrites 'FOR x-amount-uno every x-days Coaex has the option to convert Uno to Btc at rate of 99 to 1.

The core point being merchants will find UNO more predictable/stable $ wise (compared to Ripple,Uno,LTC) and Un-Ex is the facility that allows whole sale 'Bulk' exchange uno/btc/$.  Specifically having a hard back stop in cases of BTC/LTC sudden price drops/swings.

Yes please keep an eye on the Un-Ex/DVC Project it leads to this idea.

----
PRINCIPLE CONCEPT

A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market.

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December 26, 2014, 01:06:14 PM
 #4869

Well.. appreciate that. We are getting 97% of the blocks at coinking and less than 4 min apart. Have used your pool and it works well. Gonna stick with coinking for now. Thank you for clearing that up.

I took a look at coinking.io.  While they do indeed offer UNO mining, it looks like they don't offer payouts in UNO so you have get your payouts in BTC or some others.


Thats not true, you can auto convert to btc or keep the coins your mining. I have yet to sell any UNO I have mined and I have no intentions of selling anytime soon.
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December 26, 2014, 01:58:00 PM
 #4870

I'm frustrated, Edgar, 'cause I am 'all in' at present, so I can't buy an cheap Uno. When is the next halving?

m
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December 26, 2014, 02:42:51 PM
Last edit: December 26, 2014, 03:32:43 PM by FallingKnife
 #4871

I'm frustrated, Edgar, 'cause I am 'all in' at present, so I can't buy an cheap Uno. When is the next halving?

m
The next halving will occur around May 7, 2015.

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December 26, 2014, 03:08:18 PM
 #4872

I think someone is trying to test our funds. There are some cheap coins out there which is not our orders.
Okay, there was a problem at Cryptsy. Our account balance shows minus now but we hope it'll be resolved soon. Afterwards, we will buy those cheap UNOs.
Thank you sellers in advance.

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December 26, 2014, 04:00:23 PM
 #4873

I think the holidays has slowed things down tremendously.
Except for paycoin and a couple of others, it's very quiet right now in the altmarkets.
Out of 211 markets on Cryptsy, Uno is #11 today.



This is the time of year for people to withdraw their btc from exchanges and go on holiday. I don't think this cheap Un will last very long, once people return.

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December 26, 2014, 04:18:30 PM
 #4874

a big THANK YOU to whoever is filling my orders at the UNO/DOGE market!  SmileySmiley  nice volume so far today!
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December 26, 2014, 04:23:14 PM
Last edit: December 26, 2014, 04:35:21 PM by BitcoinNational
 #4875

I'm frustrated, Edgar, 'cause I am 'all in' at present, so I can't buy an cheap Uno. When is the next halving?

m
The next halving will occur around May 7, 2015.

102k blocks 212.5 day cycles

Then 0.0001 forevermore?

That's 1 uno/week?  52/year?  520/decade

Really?

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December 26, 2014, 04:30:45 PM
 #4876

wow, and some spartan just cleared 250kg worth of sell orders, buying back up to .0063
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December 26, 2014, 04:33:04 PM
 #4877

I'm frustrated, Edgar, 'cause I am 'all in' at present, so I can't buy an cheap Uno. When is the next halving?

m
The next halving will occur around May 7, 2015.

102k blocks 212.5 day cycles

Then 0.0001 forevermore?
This chart is incorrect because the halvings occur on the 100 thousandth blocks. The next will be at block 600,000.

There are 250k maximum Uno, so it will stop producing a reward in about 300 years.  Blazr will be very, very old man, but he'll need to decide at that time if he should fork it to continue rewards. Smiley  But by the year 2314, we'll be mining petahashes on our ocular implant chips that are powered by excess fat cells, so keeping the network running at no reward shouldn't be a problem.

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December 26, 2014, 04:43:15 PM
 #4878

wow, and some spartan just cleared 250kg worth of sell orders, buying back up to .0063


Leeroy for the WIN ... damn it ... I have to wait 9hrs until banks open ... still some walls to clear in .006 land

@fK

You seem to bee the authority on the half schedule Smiley

Quote
"This chart is incorrect because the halvings occur on the 100 thousandth blocks. The next will be at block 600,000.

There are 250k maximum Uno, so it will stop producing coins in about 300 years.  Blazr will be very, very old man, but he'll need to decide at that time if he should fork it to continue rewards. Smiley  But by the year 2314, we'll be mining petahashes on our ocular implant chips that are powered by excess fat cells, so keeping the network running at no reward shouldn't be a problem."

1. Can you clear the bit on the finally 'sustain' reward rate ... 0.0001?
2. Do you have the exact dates of the Halves? ... I'll create a more accurate .gif to post in the OP

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coaex
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December 26, 2014, 05:19:59 PM
 #4879

I am not surprised when the sell orders are cleared. It was expected.

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December 26, 2014, 07:03:58 PM
 #4880

Here's a quote from Blazr2 that describes the block halving.

The only tiny thing I would tweak here (just for the record) is that we've seen that the halvings occur on the full 100,000th.

Here's block 500,000 https://chainz.cryptoid.info/uno/block.dws?0000000000000e8c9abf99b54350a546e6350443fb418db11205688fa09ab594.htm
You can see that the reward halving has occurred with this block,  and that the last block with the higher reward was 499,999



Sure. When we first launched Un, it was set up to make 6 halvings before hitting minimal reward, however as of version 0.9.1 that was revised to produce a meaningful number of coins until the 15th halving and then a minimal reward of .0001 that would persist for ever (or 51millionish blocks, whichever comes first). The breakdown is as so:



You can see Un will be mineable for a long time to come.

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