[UNO] Unobtanium Info & Discussion - Merge Mine w/BTC! - Update NOW to qt 0.11.5

[cragv]

@ Prominerone -- how much?

IMZ even discussed paying a miner's electricity bill, and having the miner send the appropriate amount of mined coin straight to you. This would (of course you'd deliver receipts to the Government once a fortnight) be one way of creating-selling coin P2P , whereas at present our 'P2P' system is buying-with-fiat-selling P2P.

Oooh that's awesome.

[prominerone]

@ Prominerone -- how much?

IMZ even discussed paying a miner's electricity bill, and having the miner send the appropriate amount of mined coin straight to you. This would (of course you'd deliver receipts to the Government once a fortnight) be one way of creating-selling coin P2P , whereas at present our 'P2P' system is buying-with-fiat-selling P2P.

Big difference!

MM, go!

I was paying electricity bills between 800 to 1000 $ every month for those monsters  and pay electric guy 2000 just to set properly el.lines on the house... And the noise is terrible even when they are to the other side of the house. The last months I was kipped my miners outside the house on the yard,but not anymore. Too much snow now damn man I'm finished my mining adventure  - maybe you understand my point. It was hobby but not easy. To be a miner is a very uncomfortable. I don't want anything for me ,but for other miners that is still out there! Those guys deserve it. They deserve special price and Unobtanium deserve the biggest hash network.

[IMZ]

Thanks, Prominerone. You have given Ian and I very very important information. My resources are limited, but 10% premium for newly-mined coin will be an ethical standpoint for me from now on.


MM, go!

[BitcoinNational]

random factoid:  
the monthly inflation is soaked up in less than 1 days trading.
the rest is liquidity trading.

check the math (only using the brain calculator)

i am getting something on the rate of 45min trading covers 24hrs inflation.

=========================
random find:
http://wiki.cryptsy.com/uno
http://coinwik.org/Unobtanium


=========================
random opinion:
I am calling all POS that have failed to enter their 'sustain' phase before 2016
"crap ... worthless" (they can transfer/wire value but will not hold value)

UNO is not there yet (but will be shortly)

Until a coin is near or past the 'decay'/'inflation gravity' of say 2% (ideally less than 0.25%)
then the investor is wasting $$$ and being foolish

miners/mining must continue via a dependency on FEEs alone
then coins/networks will compete for: lowest costs, fastest transactions, stability, liquidity

Doge is seems qualified by these standards BUT still suffers +5% inflation 'sustain' rewards.
UNO, CGB, and ix = the best primed to invest
RBBT, infiniti, rzr and zeta = good numbers but network issues
quark is nice @ 0.5%

Anyone see other POS that have matured and have low 'sustain' rewards?
 

[SgtMoth]

@ Prominerone -- how much?

IMZ even discussed paying a miner's electricity bill, and having the miner send the appropriate amount of mined coin straight to you. This would (of course you'd deliver receipts to the Government once a fortnight) be one way of creating-selling coin P2P , whereas at present our 'P2P' system is buying-with-fiat-selling P2P.

Big difference!

MM, go!

I was paying electricity bills between 800 to 1000 $ every month for those monsters  and pay electric guy 2000 just to set properly el.lines on the house... And the noise is terrible even when they are to the other side of the house. The last months I was kipped my miners outside the house on the yard,but not anymore. Too much snow now damn man I'm finished my mining adventure  - maybe you understand my point. It was hobby but not easy. To be a miner is a very uncomfortable. I don't want anything for me ,but for other miners that is still out there! Those guys deserve it. They deserve special price and Unobtanium deserve the biggest hash network.

My power bill and the end of nov was over $2000, its at $1100 right now.  I havent seen a profit for awhile, only in trading and paycoin(had most of my kncs apart)  I still have most of the miners I bought($30 000 worth, but not counting the 6 antminers i bought from the first 6 batches)  It was -40 last night, I have 1.8th mining uno and only 450 g/h on btc and I have a first day order of a gridseed 5 chip dual miner that will never pay for itself.  But I started mining in aug of 11, just to make extra money to buy a bigger video card to game with.  I havent bought any hardware for over a year now and Im waiting for more efficient miners to hit the market.  But, its been a great year!  I worked last jan and then took the next 5 months off but had to go back to work in july(I only work 15 days/month)  I started as a hobby and prob will end a hobby too. 

[FallingKnife]

Uno at this moment:

51 THS on the network right now. Price matters, as if we need any more proof.
Difficulty soars past 2 million. Is IMZ to blame for this?



Uno is #33 currency in marketcap according to CoinMarketCap.com


Price of Uno


Uno is #22 most profitable sha256 coin on Coinwarz.




Did you see the Cryptsy wallet move yesterday? Nearly $117,000 USD of value moved on the Uno blockchain yesterday in one transaction.  

https://chainz.cryptoid.info/uno/block.dws?00000000000009e1e7d78a05faa3bad3d39919ae70a3f60c9db80a269f50ef52.htm

And today's rich list, for posterity:

[BitcoinNational]

Did you see the Cryptsy wallet move yesterday? Nearly $117,000 USD of value moved on the Uno blockchain yesterday in one transaction.  

https://chainz.cryptoid.info/uno/block.dws?00000000000009e1e7d78a05faa3bad3d39919ae70a3f60c9db80a269f50ef52.htm

https://chainz.cryptoid.info/uno/address.dws?uQS2HAkNx1aJ3NTnwoZGb9uSGyrUJbMy1L.htm
46,202.8 KG
46.2 Tons

#1 drop 200kg
into #2

https://chainz.cryptoid.info/uno/address.dws?uc12eLRge9C8mSS3CQnirTzVQu2BcoPCe3.htm
Balance   
6,814.45

[BitcoinCharlie]

Did you see the Cryptsy wallet move yesterday? Nearly $117,000 USD of value moved on the Uno blockchain yesterday in one transaction.  

https://chainz.cryptoid.info/uno/block.dws?00000000000009e1e7d78a05faa3bad3d39919ae70a3f60c9db80a269f50ef52.htm

https://chainz.cryptoid.info/uno/address.dws?uQS2HAkNx1aJ3NTnwoZGb9uSGyrUJbMy1L.htm
46,202.8 KG
46.2 Tons

#1 drop 200kg
into #2

https://chainz.cryptoid.info/uno/address.dws?uc12eLRge9C8mSS3CQnirTzVQu2BcoPCe3.htm
Balance   
6,814.45

Nice to see the big wallet deflating and someone accumulating a nice position. Lots of exciting Stuff going on in the Unoverse!

[FallingKnife]

Don't be frighted by UNO's price as measured in a deflating Bitcoin currency.
The price of UNO is not so high in USD terms.

It's a still a buy for new money (USD>BTC>UNO).

Imho.

[IMZ]

For the Record

IMZ purchased 25 from-miner-striaght-to-core-community Unobtanium at .01 Btc each.

It isn't a complete solution, but it's a recognition of the need to act.

MM, go!

@ FK: second acquisition period!

[balu2]

Don't be frighted by UNO's price as measured in a deflating Bitcoin currency.
The price of UNO is not so high in USD terms.

It's a still a buy for new money (USD>BTC>UNO).

Imho.

price isn't high at all. Retracement is still very much in the trend. Buy the dip. 

[IMZ]

“I believe the bottom will be seen when you can buy silver at a discount using bitcoin compared to buying silver directly with United States Dollars. That places the bitcoin price at a 98%+ crash from the all time high.”

http://cointelegraph.com/news/113277/when-will-the-price-of-bitcoin-bottom-out

Best article I’ve read in months

[smalltimer]

bitcoin attempting hardfork without consensus and everyone who disagrees is called names.

I was just called an idiot for hinting to possible problems. I think bitcoin just lost a lot of his attraction. Buying Uno, Litecoin and other independant coins is advised. These crooks are all corrupt and think they are above everyone else. I am about to divest from bitcoin and shift my money to other coins. They clearly have hit a dead end and it's not going to end well for bitcoin.

If you have a brain you do not trade for more bitcoin, you trade for more altcoin.

[IanRidgwell]

A hard fork without consensus will be a catastrophe however we often see a vocal minority on the internet.

Bitcoin imho will need a fork, maybe two maybe more. It is unlikely that without some level of technical adaption it will be able to compete in the grand scheme of things. First to market provides only so much steam.

[tuaris]

bitcoin attempting hardfork without consensus and everyone who disagrees is called names.

Source?

[smalltimer]

bitcoin attempting hardfork without consensus and everyone who disagrees is called names.

Source?

https://bitcointalk.org/index.php?topic=919629.0

Read that. The most vocal people care the least about consensus. They would love to get rid of it.

I'll be buying uno on bitcoinmarket with my coins and sell them later for doge and ltc (maybe ripple too). Meet me on the other markets. Bitcoin is a dead cat for me. I'll go with the altcoins. Going to avoid bitcoin for a little while.

Since i posted about the possibility to spam their ass and make every block 20MB it has become pretty silent in there. They didn't even think of malicous spam. All they can do is being sheep. They think they are smart but they do miss the most basic stuff. With this leadership and community of bagholders i don't see much future for bitcoin. I think bitcoin has become corrupt. I do no longer believe in its success.

Likely the fork will not happen (if it does it'll end bitcoin) but this thread has shown me i don't want to hold a lot of these bitcoins.

Bitcoiners reach consensus by ignoring (or calling names) everyone with a different opinion. That's an early sign of fail.

[cragv]

Innocent and ignorant question here, smalltimer (or anyone) - can any block chain be spammed to maliciously increase the block chain size? This basically entails making many tiny transactions to ultimately cripple the network, yeah? I'd never thought of this, but what's to stop any coin being attacked like this? Interesting.

[rav3n_pl]

There are limits. Each transaction need give some fee. Rising block size is a must in bitcoin, but it need to be put together witch UTXO consensus database to allow ppl run "almost" full node w/o need to download and hold 40+GB of block chain data.

[cragv]

Right, okay, thanks for that. Uno Cove seems like a good place to drop an anchor in the rough seas of 2015 then! Glad there's popcorn here

[smalltimer]

Innocent and ignorant question here, smalltimer (or anyone) - can any block chain be spammed to maliciously increase the block chain size? This basically entails making many tiny transactions to ultimately cripple the network, yeah? I'd never thought of this, but what's to stop any coin being attacked like this? Interesting.

Happened to bitcoin before. Spam is a very real attack vector and they propose a hardfork that will enable spam to have even more power by giving it 20MB per block. So 1st it is a stupid idea to hardfork 2nd it's even more stupid when you think it's not needed yet, has no consensus going (because not needed yet of course), could and will create chaos and all it does is make the chain even more vulnerable to spam. That's basic stuff gavin and all the hurray-people seem not to think about. I think they are totally corrupt.

There are limits. Each transaction need give some fee. Rising block size is a must in bitcoin, but it need to be put together witch UTXO consensus database to allow ppl run "almost" full node w/o need to download and hold 40+GB of block chain data.

Of course the attack costs fees. I don't see rising blocksize as a must. Why should that be? I think balu has it right: the problem should not even happen because people would just be using an alternative chain once bitcoin becomes too crowded. So it's no must. They could aswell just launch a new coin but they are too greedy for that.

It seems to be a great concern for them to keep altcoins down is my impression. They want all the investors money in btc so they can get their 10 million for a coin (crazy peoples idea). Bitcoin has become cancerous.

They prefer failure before creating a new coin and invest in that aswell.