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Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 109. (Read 946654 times)

full member
Activity: 181
Merit: 100
@Bumface , did you ask the pool owners to help UTC and put out the message on their homepage Huh

To all off our community members, UTC is in the DangerZone of the voting process !

Position        Coin    Name          Votes  
1st               UTC    Ultracoin      88  
2nd              GRS    Groestlcoin   86  
3rd               AC      Asiacoin       73
sr. member
Activity: 251
Merit: 250
Why this coin keeps dying ?  Cry

is it true that one guy killed it because he holds majority?
Where did you hear that? That's simply not true and UTC is still alive Smiley
sr. member
Activity: 251
Merit: 250
I have to agree with musicmaker. As I recall there was a plan to drop nfactor back to n11 - this was still a good era for all the miners.

I have a feeling that (almost) all non-Chinese people are a bit scared of Chacha with nfactors switching. So, drop nfactor, keep it for a long time, invite miners Smiley


Lowering nfactor is quite good once you cofigure your miner. You can mine the same amount of coins but with lower power usage. Switching the nfactor back isn't so simple devs said.
sr. member
Activity: 320
Merit: 250


We need you all to understand the importance for this voting

The big big importance for our UTC

We notice just that our competitors are closing in to much and to quick at this voting

Saturday May 31 at 24:00 hour the voting will be closed

100 votes for UTC is what we wish for but be aware that we need probably more as +100 votes to stay at #1

If you did dent vote yet please do it now (ask also friends, family and fellow cryptolovers for their vote)

 


WHY WE ARE ASKING YOU TO VOTE Huh

We are asking for votes for coinpayments.net, because coin payments is a payment processor. If they list us, then UTC can be used by any of their partners.


WHY IT IS SO IMPORTANT THAT WE NEED YOU TO VOTE Huh


The #1 most critical thing in the evolution of ultracoin is to have a payment processor. Not only does it let utc holders actually spend their utc, but it also shows us to be a legitimate coin.

WHY A SUCH LOW DONATION OF (ONLEY) $ 0.88 AND WHAT ARE WE HELPING WHIT IT Huh

Coin payments has decided to give all vote donations to the Water Project, instead of keeping those coins for themselves. The water project has nothing to do with anything else.    

SO WHAT WE NEED YOU TO DO BEFORE SATDERDAY Huh

VOTE, VOTE AND VOTE.....


--> THE PROCES OF VOTING TAKES YOU ONLEY 5 MINUTES
(don't forget it takes three emails from Coinpayments you have all to confirm If you don't confirm the last email your vote will not be counted !!!!)

--> THE DONATION COST YOU ONLEY AS LITTLE AS  $ 0,88 CENTS









full member
Activity: 228
Merit: 100
Yo Peeps! Instead of spending so much time pointing fingers and spreadin' the hate take a look at this! If you spent 10% of that energy trying to gather some votes we would have this thing in the bag by now  Cool

Position   Coin   Name   Votes   Percentage of Votes
1st   UTC   Ultracoin   88   
2nd   GRS   Groestlcoin   85   
3rd   AC   Asiacoin   73
legendary
Activity: 1537
Merit: 1005
I have to agree with musicmaker. As I recall there was a plan to drop nfactor back to n11 - this was still a good era for all the miners.

I have a feeling that (almost) all non-Chinese people are a bit scared of Chacha with nfactors switching. So, drop nfactor, keep it for a long time, invite miners Smiley

member
Activity: 96
Merit: 10
Lol I haven't spent much time in this thread for well over a month now...  I'm remembering why.  It's turned into a bad daytime talk show of the likes of Jerry Springer.  I'm just waiting for someone to drop the "YOU DON'T KNOW ME!" line.

In regards to the falling price, I have been observing some very interesting things lately.  I'll take this moment to share while we wait for them to reveal if Bumface is really the father...

One of the economic principles that bitcoin is based on concerns the relationship between coin price, mining difficulty and cost to mine.  The idea was that price of bitcoin would reflect the cost of mining that bitcoin (how much hashrate/hardware and power it would take to mine a BTC) which is derived from the difficulty.  In theory, as the cost to mine increases, the price would increase-- leading to more mining > increased difficulty > higher cost to mine > increase in price and so on.  This pattern is well established throughout BTC's history as well as other cryptos like LTC:  Increases in price correlate very well with increases in difficulty, especially in the early days of a coin.  There's a bit of "chicken-egg" argument here, but I believe the reality is a positive feedback loop where ^ price drives ^ difficulty which drives ^ price.

Now consider Ultracoin.  Because UTC has very little utility (liquidity) outside of arbitration (which negates itself as bought UTC is immediately sold), UTC's price is almost entirely influenced by the pattern outlined above.  Only in UTC's case, the positive feedback loop is causing price to fall along with difficulty.  Price dropped after launch (amplified by a severe crypto bear market) which caused miners to go elsewhere.  As miners left, difficulty fell lower and lower.  Miners who stayed with UTC generated UTC at a quicker rate-- the cost to mine went down.  If you'll remember, even while UTC was dropping it was almost always one of the most profitable coins to mine.  In fact, at current prices, UTC is STILL very profitable compared to many other alts (depending on your power cost, hardware, etc).

To sum up:  
*UTC price is almost entirely influenced by cost to mine at this point, as there is little else to affect the UTC market, much like the early days of BTC.
*Cost to mine is decreasing due to miners leaving > decreasing difficulty > more coins for miners who stay > miners can sell at lower prices

If all this holds true, then the best short term boost for UTC would come from increasing the cost to mine.  But it has to be done naturally, not by cutting block rewards or increasing block times.  The only solution for this would be bringing in new miners to boost difficulty.  Features such as shorter POS, more consistent N-factors, and better resources for miners (configgen, how-tos, etc) will go a long way towards helping this issue.  This community should continue to focus on these items.

Disregarding the first couple of lines of negativity and sarcasm, Musicmaker is absolutely correct.
UTC has been at the top of the charts for awhile now in regards to profitability.  This is what should be shouted out in the chats and promoted.
This would have and still can attract new miners to the coin.  As I'm sure most miners will agree, we hold some and we sell some.
I would hazard a guess that a lot of the old miners of UTC that are still mining have a bag full of UTC that they are satisfied with for now.
Since UTC is one of the most or not the most profitable coin, they continue to mine, but dump all of their recently mined coins to invest in BTC, LTC, BC, DRK, and a few other P & D coins.  By attracting new miners, you should see them bag some coin and dump some coin.  This will reduce the dumping and take away from those who dump all of their coins.
The number of coins generated daily does not change with more miners.  The difficulty will rise and the coin will be harder to get and hoard, causing demand to rise.

In the long run there still needs to be development for the actual uses of the coin, which dcgirl has been so graciously devoting her time.  Unfortunately there are too many here that want immediate results and returns.  Focus on expanding the community first.  Be nice to new members.  Help them with their configurations regardless of how many times it has been posted in the past.  Isolationism will not work here and is not what we want.  There are a lot of miners, who would love to use their gpu's to mine a profitable coin.  Let's help them.


sr. member
Activity: 275
Merit: 250
+1.000.000

dcgirl please think it over and look at those video's and listen to the message in the text  Grin



@DCGirl.....

Please look at this youtube video  Wink  
A lot of community members have a lot of respect for you as community member and DevTeam member and are proud of what you did for UTC.

So look at this video's and read between the lines ok


http://www.youtube.com/watch?v=aeeJhEpeUfc

and also this one ....

http://www.youtube.com/watch?v=uiCRZLr9oRw

So cheer up DCGirl and please come back....
sr. member
Activity: 275
Merit: 250
GUYS PLEASE COME ON !

IT IS NOW TIME STOP SHOUTING AND CALLING NAMES

NOBODY GETS BETTER BY THIS

AND NEXT TO THIS WE HURTING UTC WHIT THIS BEHAVIOUR

PLEASE, EVERYBODY TAKE SOME FRESH BREATH AND FIND BACK THE POSSITIV FEELING OK  
hero member
Activity: 728
Merit: 501
EVERYBODY!


lets all:

-calm down

-relax

-stop swearing

-stop atacking eachother.

what must a person think who comes in here for the first time???


I know the price is going down, but when things dont go well you need to show, true character. when somthing does not go your way and you feed on eachother its very bad.

we are a community and this internal struggle must stop, so let me make it simple :

if you like UTC : stay with it and find something you can do for it

If you dont like UTC move on with your life

thannk you
michael
hero member
Activity: 1036
Merit: 500
Lol I haven't spent much time in this thread for well over a month now...  I'm remembering why.  It's turned into a bad daytime talk show of the likes of Jerry Springer.  I'm just waiting for someone to drop the "YOU DON'T KNOW ME!" line.

In regards to the falling price, I have been observing some very interesting things lately.  I'll take this moment to share while we wait for them to reveal if Bumface is really the father...

One of the economic principles that bitcoin is based on concerns the relationship between coin price, mining difficulty and cost to mine.  The idea was that price of bitcoin would reflect the cost of mining that bitcoin (how much hashrate/hardware and power it would take to mine a BTC) which is derived from the difficulty.  In theory, as the cost to mine increases, the price would increase-- leading to more mining > increased difficulty > higher cost to mine > increase in price and so on.  This pattern is well established throughout BTC's history as well as other cryptos like LTC:  Increases in price correlate very well with increases in difficulty, especially in the early days of a coin.  There's a bit of "chicken-egg" argument here, but I believe the reality is a positive feedback loop where ^ price drives ^ difficulty which drives ^ price.

Now consider Ultracoin.  Because UTC has very little utility (liquidity) outside of arbitration (which negates itself as bought UTC is immediately sold), UTC's price is almost entirely influenced by the pattern outlined above.  Only in UTC's case, the positive feedback loop is causing price to fall along with difficulty.  Price dropped after launch (amplified by a severe crypto bear market) which caused miners to go elsewhere.  As miners left, difficulty fell lower and lower.  Miners who stayed with UTC generated UTC at a quicker rate-- the cost to mine went down.  If you'll remember, even while UTC was dropping it was almost always one of the most profitable coins to mine.  In fact, at current prices, UTC is STILL very profitable compared to many other alts (depending on your power cost, hardware, etc).

To sum up:  
*UTC price is almost entirely influenced by cost to mine at this point, as there is little else to affect the UTC market, much like the early days of BTC.
*Cost to mine is decreasing due to miners leaving > decreasing difficulty > more coins for miners who stay > miners can sell at lower prices

If all this holds true, then the best short term boost for UTC would come from increasing the cost to mine.  But it has to be done naturally, not by cutting block rewards or increasing block times.  The only solution for this would be bringing in new miners to boost difficulty.  Features such as shorter POS, more consistent N-factors, and better resources for miners (configgen, how-tos, etc) will go a long way towards helping this issue.  This community should continue to focus on these items.

If UTC needs more miners and it really is the second most profitable to mine (according tp http://www.whattomine.com/) then perhaps this is a solid way to market the coin. Would be better spreading this info on trollbox than telling people to buy a coin that keeps dropping in value.
member
Activity: 93
Merit: 10
Lol I haven't spent much time in this thread for well over a month now...  I'm remembering why.  It's turned into a bad daytime talk show of the likes of Jerry Springer.  I'm just waiting for someone to drop the "YOU DON'T KNOW ME!" line.

In regards to the falling price, I have been observing some very interesting things lately.  I'll take this moment to share while we wait for them to reveal if Bumface is really the father...

One of the economic principles that bitcoin is based on concerns the relationship between coin price, mining difficulty and cost to mine.  The idea was that price of bitcoin would reflect the cost of mining that bitcoin (how much hashrate/hardware and power it would take to mine a BTC) which is derived from the difficulty.  In theory, as the cost to mine increases, the price would increase-- leading to more mining > increased difficulty > higher cost to mine > increase in price and so on.  This pattern is well established throughout BTC's history as well as other cryptos like LTC:  Increases in price correlate very well with increases in difficulty, especially in the early days of a coin.  There's a bit of "chicken-egg" argument here, but I believe the reality is a positive feedback loop where ^ price drives ^ difficulty which drives ^ price.

Now consider Ultracoin.  Because UTC has very little utility (liquidity) outside of arbitration (which negates itself as bought UTC is immediately sold), UTC's price is almost entirely influenced by the pattern outlined above.  Only in UTC's case, the positive feedback loop is causing price to fall along with difficulty.  Price dropped after launch (amplified by a severe crypto bear market) which caused miners to go elsewhere.  As miners left, difficulty fell lower and lower.  Miners who stayed with UTC generated UTC at a quicker rate-- the cost to mine went down.  If you'll remember, even while UTC was dropping it was almost always one of the most profitable coins to mine.  In fact, at current prices, UTC is STILL very profitable compared to many other alts (depending on your power cost, hardware, etc).

To sum up:  
*UTC price is almost entirely influenced by cost to mine at this point, as there is little else to affect the UTC market, much like the early days of BTC.
*Cost to mine is decreasing due to miners leaving > decreasing difficulty > more coins for miners who stay > miners can sell at lower prices

If all this holds true, then the best short term boost for UTC would come from increasing the cost to mine.  But it has to be done naturally, not by cutting block rewards or increasing block times.  The only solution for this would be bringing in new miners to boost difficulty.  Features such as shorter POS, more consistent N-factors, and better resources for miners (configgen, how-tos, etc) will go a long way towards helping this issue.  This community should continue to focus on these items.
newbie
Activity: 3
Merit: 0
Very nice message full of good sentiments, but unfortunately a bit too late: UTC has all the chances in the world to remain a failed coin.
Not that I'm particularly rejoying myself over that (quite the opposite indeed given the sums invested) it is just a cold statement that corresponds to the reality of what we're living:
we did not pass the hype wave, so we're sinking.
Soon we'll rest in peace at the bottom of the ocean, like a titanic of sorts.
altogether.







I USUALLY DO NOT WRITE HERE BUT I'LL TAKE MY VALUABLE TIME TO ASK YOU SOMETHING  
 
WHY? DO NOT SAY THE SAME ABOUT (Caishen) o WAIT (Caixen ) OR MAYBE TOMORROW (azercoin) OR
 
MAYBE BECAUSE YOU ARE KISSING  ASS I COME HERE COMPLAIN IF YOU DO NOT LIKE WHAT SEE SIMPLE LEFT.

ANY WAY YOU SAY (It's just a matter of time before we reach the riches) GO AT THERE AND STAY AWAY FROM THIS COIN

THIS IS NOT FOR YOU ((CUNT))
   



I havn't lost my valuable time trying to decipher your chinese scribble my friend.
However, out of courtesy for PaulR1 whom I greatly respect as well as some others here, I will stop trolling.

The others jerks I do not really care, actually their irritation is laughable because those are the guys who usually tend to shoot the messenger therefore lie to themselves rather than tackling the issues at stake. This is one problem with communities at large, but I guess that's human nature.





fuck you and go out ! you are son of bitch
full member
Activity: 233
Merit: 100
bravo bravo Thiago  Grin

that's the funniest post I've read on this forum. I feel this video is apt

https://www.youtube.com/watch?v=13CSWRyaAgA

Seriously people stop whining because you are not making a fortune, all crypto is a gamble and there are no guarantees.
member
Activity: 98
Merit: 10
Very nice message full of good sentiments, but unfortunately a bit too late: UTC has all the chances in the world to remain a failed coin.
Not that I'm particularly rejoying myself over that (quite the opposite indeed given the sums invested) it is just a cold statement that corresponds to the reality of what we're living:
we did not pass the hype wave, so we're sinking.
Soon we'll rest in peace at the bottom of the ocean, like a titanic of sorts.
altogether.







I USUALLY DO NOT WRITE HERE BUT I'LL TAKE MY VALUABLE TIME TO ASK YOU SOMETHING  
 
WHY? DO NOT SAY THE SAME ABOUT (Caishen) o WAIT (Caixen ) OR MAYBE TOMORROW (azercoin) OR
 
MAYBE BECAUSE YOU ARE KISSING  ASS I COME HERE COMPLAIN IF YOU DO NOT LIKE WHAT SEE SIMPLE LEFT.

ANY WAY YOU SAY (It's just a matter of time before we reach the riches) GO AT THERE AND STAY AWAY FROM THIS COIN

THIS IS NOT FOR YOU ((CUNT))
   



I havn't lost my valuable time trying to decipher your chinese scribble my friend.
However, out of courtesy for PaulR1 whom I greatly respect as well as some others here, I will stop trolling.

The others jerks I do not really care, actually their irritation is laughable because those are the guys who usually tend to shoot the messenger therefore lie to themselves rather than tackling the issues at stake. This is one problem with communities at large, but I guess that's human nature.



full member
Activity: 138
Merit: 100
Very nice message full of good sentiments, but unfortunately a bit too late: UTC has all the chances in the world to remain a failed coin.
Not that I'm particularly rejoying myself over that (quite the opposite indeed given the sums invested) it is just a cold statement that corresponds to the reality of what we're living:
we did not pass the hype wave, so we're sinking.
Soon we'll rest in peace at the bottom of the ocean, like a titanic of sorts.
altogether.







I USUALLY DO NOT WRITE HERE BUT I'LL TAKE MY VALUABLE TIME TO ASK YOU SOMETHING  
 
WHY? DO NOT SAY THE SAME ABOUT (Caishen) o WAIT (Caixen ) OR MAYBE TOMORROW (azercoin) OR
 
MAYBE BECAUSE YOU ARE KISSING  ASS I COME HERE COMPLAIN IF YOU DO NOT LIKE WHAT SEE SIMPLE LEFT.

ANY WAY YOU SAY (It's just a matter of time before we reach the riches) GO AT THERE AND STAY AWAY FROM THIS COIN

THIS IS NOT FOR YOU ((CUNT))
   

sr. member
Activity: 320
Merit: 250
Very nice message full of good sentiments, but unfortunately a bit too late: UTC has all the chances in the world to remain a failed coin.
Not that I'm particularly rejoying myself over that (quite the opposite indeed given the sums invested) it is just a cold statement that corresponds to the reality of what we're living:
we did not pass the hype wave, so we're sinking.
Soon we'll rest in peace at the bottom of the ocean, like a titanic of sorts.
altogether.


This is not the first time this has been said in this thread. We dont need people liek you here so you can just get out as well. fuck off

yes ,fuck him out

@azerbaidjan.... please let me ask this nicely, please stop with negative post here.

It makes you or us not a winner and it gives everybody stress.

Please stop now, don't post anymore if you can not be positive  and get my personal respect for walking out ok....
hero member
Activity: 1036
Merit: 500
full member
Activity: 238
Merit: 100
http://ultracoin.net/ - Ultracoin Website http://c
Very nice message full of good sentiments, but unfortunately a bit too late: UTC has all the chances in the world to remain a failed coin.
Not that I'm particularly rejoying myself over that (quite the opposite indeed given the sums invested) it is just a cold statement that corresponds to the reality of what we're living:
we did not pass the hype wave, so we're sinking.
Soon we'll rest in peace at the bottom of the ocean, like a titanic of sorts.
altogether.





get out of here!fuck off
full member
Activity: 238
Merit: 100
http://ultracoin.net/ - Ultracoin Website http://c
Very nice message full of good sentiments, but unfortunately a bit too late: UTC has all the chances in the world to remain a failed coin.
Not that I'm particularly rejoying myself over that (quite the opposite indeed given the sums invested) it is just a cold statement that corresponds to the reality of what we're living:
we did not pass the hype wave, so we're sinking.
Soon we'll rest in peace at the bottom of the ocean, like a titanic of sorts.
altogether.


This is not the first time this has been said in this thread. We dont need people liek you here so you can just get out as well. fuck off

yes ,fuck him out
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