[Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions!

[funsponge]

If these professional miners wanted the UTC community to know what they plan why are they sending you in to do their work? . . I'm taking this news with a pinch of salt. I have heard so many promises over the last 18 months I don't believe anything until it is done now.

[jacobshm]

Nobody is doing anybody's work, i just said there are miners interested in a stable coin that is also useful.

Do you honestly think a handful of hobbyist miners are going to keep this coin going If you want adoption your going to need new people getting involved

If these professional miners wanted the UTC community to know what they plan why are they sending you in to do their work? . . I'm taking this news with a pinch of salt. I have heard so many promises over the last 18 months I don't believe anything until it is done now.

[funsponge]

Nobody is doing anybody's work, i just said there are miners interested in a stable coin that is also useful.

Do you honestly think a handful of hobbyist miners are going to keep this coin going If you want adoption your going to need new people getting involved

+1

When did I mention hobbyist miners keeping this coin going?
The management mention they don't want to go along with the scheduled roadmap and all the miners come out the woodwork stating they don't want to alter anything as it will affect them, and also low and behold a magically mining team want to invest but only if we stick to the current Nfactor? Just thought it sounded a bit fishy!?

[jacobshm]

Maybe the management and miners have a point. Maybe bumface messed up with the schedule. Maybe other people besides us think this. Maybe other people are willing to believe in UTC as well.

Nobody is doing anybody's work, i just said there are miners interested in a stable coin that is also useful.

Do you honestly think a handful of hobbyist miners are going to keep this coin going If you want adoption your going to need new people getting involved

+1

When did I mention hobbyist miners keeping this coin going?
The management mention they don't want to go along with the scheduled roadmap and all the miners come out the woodwork stating they don't want to alter anything as it will affect them, and also low and behold a magically mining team want to invest but only if we stick to the current Nfactor? Just thought it sounded a bit fishy!?

[Hilux74]

Nobody is doing anybody's work, i just said there are miners interested in a stable coin that is also useful.

Do you honestly think a handful of hobbyist miners are going to keep this coin going If you want adoption your going to need new people getting involved

If these professional miners wanted the UTC community to know what they plan why are they sending you in to do their work? . . I'm taking this news with a pinch of salt. I have heard so many promises over the last 18 months I don't believe anything until it is done now.

The mining giants can come once UTC has a a much larger user base.  If one comes in now it would be bad news.

Mining giants do not back coins, they mine what is the most profitable to immediately sell.  Particularly for smaller coins they monopolize the mining discouraging current smaller miners and in almost every case the price of the coin plummets as all they are doing in immediately liquidating to BTC. 

Pretty much one page back we are discussing UTC's niche, and that isn't attracting large mining companies mining for the sole purpose of selling as fast as they mine.  SHA, Scrypt and X11 and the multipools that profit hop have that covered. 

Also there is a difference between the types of new people one can attract besides mining giants...there are also new users, there are new investors, there are new individual miners.  New people <> mining corporation.  I'd much rather attract a slew of new people interesting in UTC, not just in mining UTC for BTC.

[wtfc360]

Nobody is doing anybody's work, i just said there are miners interested in a stable coin that is also useful.

Do you honestly think a handful of hobbyist miners are going to keep this coin going If you want adoption your going to need new people getting involved

If these professional miners wanted the UTC community to know what they plan why are they sending you in to do their work? . . I'm taking this news with a pinch of salt. I have heard so many promises over the last 18 months I don't believe anything until it is done now.

The mining giants can come once UTC has a a much larger user base.  If one comes in now it would be bad news.

Mining giants do not back coins, they mine what is the most profitable to immediately sell.  Particularly for smaller coins they monopolize the mining discouraging current smaller miners and in almost every case the price of the coin plummets as all they are doing in immediately liquidating to BTC.  

Pretty much one page back we are discussing UTC's niche, and that isn't attracting large mining companies mining for the sole purpose of selling as fast as they mine.  SHA, Scrypt and X11 and the multipools that profit hop have that covered.  

Also there is a difference between the types of new people one can attract besides mining giants...there are also new users, there are new investors, there are new individual miners.  New people <> mining corporation.  I'd much rather attract a slew of new people interesting in UTC, not just in mining UTC for BTC.

+1 again

+2

May I suggest for our H.K based friends http://wepaybtc.com/ , they have easy setup for GPU miners and daily payout in BTC which in turn they can use for buying UTC. If they really believe in UTC that would be one possible solution for them to get UTC and for the UTC network not to be monopolized by mining giants...?

[BorisWCR]

....Looks still promising  

GO UTC GO !!!


24h Volume: 11.7 BTC  

Price:        0.00001372

24h High : 0.00001556 BTC

24h Low:   0.00001149 BTC

.. it looks very promising on Cryptsy for UTC.

Price and volume are rising steady upwards !!!

At the moment ;

24h volume 5.87 BTC
 
Price      0.00001412

24h low  0.00000834


Dont forget where we came from: 0,00000400 !!!!

[usukan]

nice!

This was a pleasant surprise.  Been stuck in the jungle with no internet for a couple of weeks and managed to get a local to string my pocket WIFI up a very high coconut tree (for a bottle of rum).

All positive news - and thanks for the update Steven.

May it continue.

He's drunk most of the rum so I hope he can get my WIFI back...............

[Braino]

WOOT!

Still on the rise and steady too.

Get 'em while you can folks

[rapture333]

Hello everyone,

Just wanted to touch base and let everyone know what's going on behind the scenes. Right now we are working out our monetary policy moving forward into Ultracoin's 100 million coin mark, this is a monetary policy that will set the block and staking reward for the next hundred years and beyond! We are taking our time planning out the schedule meticulously as I believe a currencies monetary policy is nothing to be overlooked, as you can see, many coins are already falling victim to hyper inflation or are suffering do to unfair distribution which has too heavily benefited the early adopters. This leads to consolidation of wealth and large dumps, not to mention that it fails to distribute the currency to the maximum amount of people possible, which is of course necessary for a healthily functioning crypto-economy. Especially for alternative currencies that don't have the widespread adoption and distribution like Bitcoin (yet I believe even Bitcoin will suffer do to 93% of the currency coming into existence by 2020 and 99% by 2028, hopefully crypto will become mainstream during this time http://tinyurl.com/b3an2g6).

As far as the coming N-Factor increase, this will be rolled back to NF15 during the next update, but until then expect the regularly scheduled increase to NF16 by tomorrow, Wednesday, April 29th, 2015. In order to have your mining rigs ready to mine Ultracoin please consult the following configuration generator for your specific GPU, this same configuration generator can be found in the About section of the official pools. http://cfg.ultracoin.net/

I am looking forward to releasing the future monetary policy of Ultracoin, and I believe it is something to be very excited about! Along with changes to N-Factor settings, we are really in a long term position for success. Looking forward to the future.

Sincerely,

Steven "Rapture"
Management Director
Steven@Ultracoin.net
Ultracoin

[Marnie1976]

Thank you for this update Stevan.
Please inform and update us like that 2 ot 3 times a month and everybody will be happy.

In the meantime, we all waiting full of excitemend and expectations.
Let's all use some of our coins and spend some to buy things to create a real market and even (if possile) to buy some new coins on the exchanges.

All of this will hopefully attract new observers who will turn soon into supporters and step inn as miners, day traders and investors in our beautiful coin so we  go upwards again.

Hello everyone,

Just wanted to touch base and let everyone know what's going on behind the scenes. Right now we are working out our monetary policy moving forward into Ultracoin's 100 million coin mark, this is a monetary policy that will set the block and staking reward for the next hundred years and beyond! We are taking our time planning out the schedule meticulously as I believe a currencies monetary policy is nothing to be overlooked, as you can see, many coins are already falling victim to hyper inflation or are suffering do to unfair distribution which has too heavily benefited the early adopters. This leads to consolidation of wealth and large dumps, not to mention that it fails to distribute the currency to the maximum amount of people possible, which is of course necessary for a healthily functioning crypto-economy. Especially for alternative currencies that don't have the widespread adoption and distribution like Bitcoin (yet I believe even Bitcoin will suffer do to 93% of the currency coming into existence by 2020 and 99% by 2028, hopefully crypto will become mainstream during this time http://tinyurl.com/b3an2g6).

As far as the coming N-Factor increase, this will be rolled back to NF15 during the next update, but until then expect the regularly scheduled increase to NF16 by tomorrow, Wednesday, April 29th, 2015. In order to have your mining rigs ready to mine Ultracoin please consult the following configuration generator for your specific GPU, this same configuration generator can be found in the About section of the official pools. http://cfg.ultracoin.net/

I am looking forward to releasing the future monetary policy of Ultracoin, and I believe it is something to be very excited about! Along with changes to N-Factor settings, we are really in a long term position for success. Looking forward to the future.

Sincerely,

Steven "Rapture"
Management Director
Steven@Ultracoin.net
Ultracoin

[king_pin]

Good, to hear about the NF rollback to NF-15, how long will we stay at NF15?

Please Do it as soon as possible!

[Braino]

Short version...

Stock up now! UTC value will go through the roof!

[imblaze]

this is normal when r9 290(non x) gives 1kh/s? on nf15

[wtfc360]

Thanks for the update Steven, we are still here. Keep up the good work!

[tsjaar]

Thanks for the update Steven, we are still here. Keep up the good work!

+1 for me. It's been quiet around here, but we are hanging around.

[Hilux74]

this is normal when r9 290(non x) gives 1kh/s? on nf15

yep

[tc61]

anyone have some decent n16 settings for cudaminer for 750ti's?

thx

[J_Atomic]

I'm getting one accept after a few minutes of mining and then I'm getting dropped by the pool (or at least it's showing no workers, even tho my cards are chugging away) with no further accepted shares. Running 2x 280x, about 275h/s. Nothing else has changed aside from the slight configuration updates fro N16. Any ideas?

[mitache365]

I'm getting one accept after a few minutes of mining and then I'm getting dropped by the pool (or at least it's showing no workers, even tho my cards are chugging away) with no further accepted shares. Running 2x 280x, about 275h/s. Nothing else has changed aside from the slight configuration updates fro N16. Any ideas?

can you share a batch for 280x ?