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

[SgtMoth]

Guys the biggest problem I see with mining this coin, is the hash is badly fragmented across many pools. Due to the high difficulty level, it would be best to try to keep all the hash together. Guys lets vote for a popular pool, and lets stick with it. I have a 12Ths farm I can point at it once its decided.

Lets NOT use https://www.miningpool.co/stats/UNO/ . It shows current hash rate of 10Ths, yet last block was over 120 hours ago.
Also Ive been mining on http://goldmin.es/ sending 3+ Ths for 12 hours straight and NOTHING!
Vegas

I have 1.6th pointed at coinking, hitting blocks from 4 mins to an hour.  You cant see whos mining on the pool but Im getting paid.  I have a total of 6.6th, the rest of my machines are off.  You can multipool on coinking too

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[vegasguy]

Guys the biggest problem I see with mining this coin, is the hash is badly fragmented across many pools. Due to the high difficulty level, it would be best to try to keep all the hash together. Guys lets vote for a popular pool, and lets stick with it. I have a 12Ths farm I can point at it once its decided.

Lets NOT use https://www.miningpool.co/stats/UNO/ . It shows current hash rate of 10Ths, yet last block was over 120 hours ago.
Also Ive been mining on http://goldmin.es/ sending 3+ Ths for 12 hours straight and NOTHING!
Vegas

I have 1.6th pointed at coinking, hitting blocks from 4 mins to an hour.  You cant see whos mining on the pool but Im getting paid.  I have a total of 6.6th, the rest of my machines are off.  You can multipool on coinking too

Im too just pointed about 3-4 Ths at coinking, and will stay atleast a few days. Seems to be the best choice. Lets get EVERYONE using this pool, and we can all profit. Done the right way, this is a VERY profitable coin.

Vegas

[IMZ]

Reading; learning.

Mark

[ethought]

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

[vegasguy]

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.

[coaex]

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

[BitcoinNational]

@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.

[coaex]

@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.

[Jelks]

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.

[IMZ]

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

[BitcoinNational]

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.

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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.

[SgtMoth]

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.

[IMZ]

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

[FallingKnife]

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.

[coaex]

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.

[FallingKnife]

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.

[vector.iso]

a big THANK YOU to whoever is filling my orders at the UNO/DOGE market!    nice volume so far today!

[BitcoinNational]

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?

[vector.iso]

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

[FallingKnife]

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.  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.