[ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer

[true-asset]

Dear Dev,

Any updates on urea exchange. As you can see hash rate is not steady and falling. I think its time to update the community on the developments. Otherwise people will forget about this coin.

1. "As you can see hash rate is not steady and falling": Uro network hashrate has never fallen below 150Mh since launch, and is currently around 500Mh. The calculation rate is never steady in an open source, open platform distributed computation platform where anyone can join and leave whenever they please. but note that we have computational support at multiple locations in each continent, which cannot be said for most altcoins that are at the mercy of a few pools. The worse block generation time has been around 17 minutes and this recovered to a few minutes after a day or 2

2. "I think its time to update the community on the developments. Otherwise people will forget about this coin": We promised Urea backed exchange platform capability 3 months after launch and it has been less than 1 month since launch. Please understand that unlike typical altcoins many you may be familiar with on this forum, our priority for Uro is not to attain rapid value increases via high time/monetary expenditures on graphics/marketing/promotions so that some of the early adopters can make a quick buck by selling their currency units on an exchange. Our goal, which has been clearly stated in the OP, is to create and sustain a platform for the transparent and efficient international trade of Urea over a 9 month period. Unfortunately, this means that if your mentality is to predict/calculate your profits on mining based on your costs and gains over a weekly/fortnightly/monthly (or worse, daily) basis, you will mathematically not choose to mine Uro.

[Changeispermanent]

Dear Dev,

Any updates on urea exchange. As you can see hash rate is not steady and falling. I think its time to update the community on the developments. Otherwise people will forget about this coin.

1. "As you can see hash rate is not steady and falling": Uro network hashrate has never fallen below 150Mh since launch, and is currently around 500Mh. The calculation rate is never steady in an open source, open platform distributed computation platform where anyone can join and leave whenever they please. but note that we have computational support at multiple locations in each continent, which cannot be said for most altcoins that are at the mercy of a few pools. The worse block generation time has been around 17 minutes and this recovered to a few minutes after a day or 2

2. "I think its time to update the community on the developments. Otherwise people will forget about this coin": We promised Urea backed exchange platform capability 3 months after launch and it has been less than 1 month since launch. Please understand that unlike typical altcoins many you may be familiar with on this forum, our priority for Uro is not to attain rapid value increases via high time/monetary expenditures on graphics/marketing/promotions so that some of the early adopters can make a quick buck by selling their currency units on an exchange. Our goal, which has been clearly stated in the OP, is to create and sustain a platform for the transparent and efficient international trade of Urea over a 9 month period. Unfortunately, this means that if your mentality is to predict/calculate your profits on mining based on your costs and gains over a weekly/fortnightly/monthly (or worse, daily) basis, you will mathematically not choose to mine Uro.

First of all, I like the idea of the coin and want this coin to be successful. I have mined this coin from the time a pool was launched on day 1 and never sold a single coin. I bought them instead in the markets.

1. Current hash rate is around 250 MH (500 Mh). I have seen many people renting rigs of more than 600 MH on launch day and as the difficulty went higher all of them stopped mining. Current difficulty is 20 and estimated next difficulty is 11.6.

2. I do not have any need to liquidate my UROs to pay my electricity bills. I can hold all my coins for more than a year. But someone cannot keep mining a coin where there are no developments or updates. You cannot spend your hashing power for a few months and later realize that the developer is gone. In my opinion this is a service industry. You are not selling any tangible goods here for the people to touch and feel. So, people buying it should be happy about owning it, which can be done by keeping them updated. You have clearly stated in the OP that fixed quantity of urea fertilizer will assigned to each URO. I was waiting for that day to see this coin become successful. But URO was listed on exchange so fast before launching Urea exchange. I know you were not involved in getting it listed on bittrex exchange and you did not want that to happen. Then why did you change the title of the thread to include [URO][X11][BITTREX] ??

I would like to reiterate that I am a supporter of the coin and want this coin to be successful. But like all other miners I want to know what I am mining.

[true-asset]

First of all, I like the idea of the coin and want this coin to be successful. I have mined this coin from the time a pool was launched on day 1 and never sold a single coin. I bought them instead in the markets.

1. Current hash rate is around 250 MH (500 Mh). I have seen many people renting rigs of more than 600 MH on launch day and as the difficulty went higher all of them stopped mining. Current difficulty is 20 and estimated next difficulty is 11.6. I was mining consistently with around 50 MH from day 1.

2. I do not have any need to liquidate my UROs to pay my electricity bills. I can hold all my coins for more than a year. But someone cannot keep mining a coin where there are no developments or updates. You cannot spend your hashing power for a few months and later realize that the developer is gone. In my opinion this is a service industry. You are not selling any tangible goods here for the people to touch and feel. So, people buying it should be happy about owning it, which can be done by keeping them updated. You have clearly stated in the OP that fixed quantity of urea fertilizer will assigned to each URO. I was waiting for that day to see this coin become successful. But URO was listed on exchange so fast before launching Urea exchange. I know you were not involved in getting it listed on bittrex exchange and you did not want that to happen. Then why did you change the title of the thread to include [URO][X11][BITTREX] ??

I would like to reiterate that I am a supporter of the coin and want this coin to be successful. But like all other miners I want to know what I am mining.

We were notified via PM that Uro was on Bittrex. For the sake of transparency we thought the best cause of action was to let everyone know so that the community can look out for any sign of abnormal activity on the exchange. There were only three ways for everyone to find out:

1. Stumble on the right page of the thread to see that someone has posted Uro was now on Bittrex -> the chance of this was already less then 20% and dropping every time a new page springed up on the threa
2. Do a search on the forum -> But what would one search for to find out if Uro was on Bittrex
3. Display on thread title -> This was the most clearly the most effective way for the most amount of members to find out about the situation

[helloword2013]

Uro on bittrex seems  alive today，what's the going on...

[DarkAGeS]

looks like we have greed madman with many rented rigs or big multipool on uro.suprnova.cc
he has 1gh and his hashrate continue to grow - this meens 51% atack possibility and end of solo mining. congratulations....
all solo miners - join to p2pool, do not feed suprnova!
difficulty doesn't changed all this time - 13,5. Estimated - 45.
Devs, you should implement DGW-v3 or these guys will terrorize URO every time!
prepare to huge dump when multipool will sell his coins and go away waiting for next small diff and good price...

[true-asset]

looks like we have greed madman with many rented rigs or big multipool on uro.suprnova.cc
he has 1gh and his hashrate continue to grow - this meens 51% atack possibility and end of solo mining. congratulations....
all solo miners - join to p2pool, do not feed suprnova!
difficulty doesn't changed all this time - 13,5. Estimated - 45.
Devs, you should implement DGW-v3 or these guys will terrorize URO every time!
prepare to huge dump when multipool will sell his coins and go away waiting for next small diff and good price...

The total network hashrate is currently 313Mh, so your information stipulating there is an individual with 1gh on Uro is incorrect.
Even at 2Gh network hashrate a single GPU still gets 1 block or more per week - so solo mining is still fine. Our Safe Gravity Wave retargeting algorithm has been thoroughly tested - it may not be as responsive as some of the latest 'experimental' gravity wave enhancements but we have tested against all known exploits and feel it is amongst the safest of the implementations in the wild.

[DarkAGeS]

looks like we have greed madman with many rented rigs or big multipool on uro.suprnova.cc
he has 1gh and his hashrate continue to grow - this meens 51% atack possibility and end of solo mining. congratulations....
all solo miners - join to p2pool, do not feed suprnova!
difficulty doesn't changed all this time - 13,5. Estimated - 45.
Devs, you should implement DGW-v3 or these guys will terrorize URO every time!
prepare to huge dump when multipool will sell his coins and go away waiting for next small diff and good price...

The total network hashrate is currently 313Mh, so your information stipulating there is an individual with 1gh on Uro is incorrect.
Even at 2Gh network hashrate a single GPU still gets 1 block or more per week - so solo mining is still fine. Our Safe Gravity Wave retargeting algorithm has been thoroughly tested - it may not be as responsive as some of the latest 'experimental' gravity wave enhancements but we have tested against all known exploits and feel it is amongst the safest of the implementations in the wild.

and what is that?



update:
more then 2 hours this guy get easy URO and that continue, dump is near.
hashrate is 1,4gh and diff is 13 - wake up!
p2pool "URO network hashrate (estimate)" shows wrong info.
"getmininginfo" in wallet shows right hashrate.

update2:
look at block explorer. 1 block every 3 min?..))) noooooo! looks like KGW doesn't work at all. 1 block every 30 sec now. Now we have tons of easy URO - is it what you want devs?
1,5gh and still 13 diff...

[Changeispermanent]

How long before the difficulty change??

[true-asset]

The Uro hashrate has been up to 3Gh before. It is normal for fluctuations in a free market. If a multipool wants to hop on Uro, it is free to do so.

Hashrate fluctuations are standard daily routine and not something that one should panic about.

[true-asset]

How long before the difficulty change??

Uro is on a smooth responding custom gravity wave implementation, the difficulty does adjust every block but it some times takes a day or two to settle if the hashrate changes by more than +/- 300% within 1 hour.

[DarkAGeS]

The Uro hashrate has been up to 3Gh before. It is normal for fluctuations in a free market. If a multipool wants to hop on Uro, it is free to do so.

DarkAGeS: You have the opportunity to spread FUD, However that does not make it the morally correct thing to do so.

Hashrate fluctuations are standard daily routine and not something that one should panic about.

looks like you don't understand how KGW/DGW works - when hashrate change, difficulty must change after several blocks to appropriate level - this doesn't taking place on URO as I can see.
ps. I never spread FUD

[DarkAGeS]

How long before the difficulty change??

Uro is on a smooth responding custom gravity wave implementation, the difficulty does adjust every block but it some times takes a day or two to settle if the hashrate changes by more than +/- 300% within 1 hour.

oh, very nice - this is paradise for multipools. You don't see a problem here at all??

[true-asset]

How long before the difficulty change??

Uro is on a smooth responding custom gravity wave implementation, the difficulty does adjust every block but it some times takes a day or two to settle if the hashrate changes by more than +/- 300% within 1 hour.

oh, very nice - this is paradise for multipools. You don't see a problem here at all??

Multipools are typically populated by many miners, so even it the distribution is faster then planned over short periods, the currency units are still being distributed to many people, which is fine.

It should also be noted there is currently 2Gh on the decentralized Uro p2pool network - so there is no 51% attack happening.

[DarkAGeS]

How long before the difficulty change??

Uro is on a smooth responding custom gravity wave implementation, the difficulty does adjust every block but it some times takes a day or two to settle if the hashrate changes by more than +/- 300% within 1 hour.

oh, very nice - this is paradise for multipools. You don't see a problem here at all??

Multipools are typically populated by many miners, so even it the distribution is faster then planned over short periods, the currency units are still being distributed to many people, which is fine.

It should also be noted there is currently 1.3Gh on the decentralized Uro p2pool network - so there is no 51% attack happening.

cause another big guy with 1gh join to p2pool.
hashrate is 2gh and diff is 13 without any changes - nice work devs...

update:
2,5gh hashrate 13 diff. block every 10 seconds... I'm out, dumped all my coins before these big guys do that. Thank you dev, I really thought URO is good coin, very pitty

update2:
about 2500 URO for last hour - and hashrate continue to grow - 3gh already, but diff doesn't change.
on bittrex we have about 7000 URO bid for 0.00008 - it is 2-3 hours of mining and thats all.
devs, you deny obvious, you are obstinate fools...

[true-asset]

How long before the difficulty change??

Uro is on a smooth responding custom gravity wave implementation, the difficulty does adjust every block but it some times takes a day or two to settle if the hashrate changes by more than +/- 300% within 1 hour.

oh, very nice - this is paradise for multipools. You don't see a problem here at all??

Multipools are typically populated by many miners, so even it the distribution is faster then planned over short periods, the currency units are still being distributed to many people, which is fine.

It should also be noted there is currently 1.3Gh on the decentralized Uro p2pool network - so there is no 51% attack happening.

cause another big guy with 1gh join to p2pool.
hashrate is 2gh and diff is 13 without any changes - nice work devs...

The

update:
2,5gh hashrate 13 diff. block every 10 seconds... I'm out, dumped all my coins before these big guys do that. Thank you dev, I really thought URO is good coin, very pitty

We deployed the 2Gh on p2pool to protect against forking while we investigate the issue. We will be upgrading to a more responsive re-targeting algorithm soon.

UPDATE: Difficulty has climbed to 52. The block chain has not forked and is safe

[DarkAGeS]

We deployed the 2Gh on p2pool to protect against forking while we investigate the issue. We will be upgrading to a more responsive re-targeting algorithm soon.

finally... good to hear rational words. waiting for upgrade. thanks!

[linked67]

How long before the difficulty change??

Uro is on a smooth responding custom gravity wave implementation, the difficulty does adjust every block but it some times takes a day or two to settle if the hashrate changes by more than +/- 300% within 1 hour.

oh, very nice - this is paradise for multipools. You don't see a problem here at all??

Multipools are typically populated by many miners, so even it the distribution is faster then planned over short periods, the currency units are still being distributed to many people, which is fine.

It should also be noted there is currently 1.3Gh on the decentralized Uro p2pool network - so there is no 51% attack happening.

cause another big guy with 1gh join to p2pool.
hashrate is 2gh and diff is 13 without any changes - nice work devs...

The

update:
2,5gh hashrate 13 diff. block every 10 seconds... I'm out, dumped all my coins before these big guys do that. Thank you dev, I really thought URO is good coin, very pitty

We deployed the 2Gh on p2pool to protect against forking while we investigate the issue. We will be upgrading to a more responsive re-targeting algorithm soon.

UPDATE: Difficulty has climbed to 52. The block chain has not forked and is safe

Dont forget to spead the hash over multiple P2pool node for more security, here are my still running node:
EU server: http://p2poolcoin.com:35347
Canada server (for us miners):http://ca.p2poolcoin.com:35347

[true-asset]

We deployed the 2Gh on p2pool to protect against forking while we investigate the issue. We will be upgrading to a more responsive re-targeting algorithm soon.

finally... good to hear rational words. waiting for upgrade. thanks!

DarkAGes: I want to apologize for earlier accusing you of FUD and want to thank you for pointing out the sudden increase in hashrate from ~150Mh to 1.5Gh a couple of hours ago. Thankfully we were able to respond in time by deploying some emergency hashrate while the difficulty retargeting algorithm responded.
The difficulty has now climbed to 52 so the block chain is secure against forking. We have been testing a variant of Nite Gravity Well and will deploy within a fortnight. For now we will monitor the hashrate closely on all known pools.

Everybody: if you are aware of any pools not currently listed on this thread please post them up so we can add it to our monitoring program.

[kingimg]

you should dump all your coins to let price down before they do,so that multipool will make no profit.
I've already dump some.and bid order gone.

[kingimg]

It seems there will be a pump...so that they can sell there cheap coins.
I am trasfering my coins