Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 251. (Read 946650 times)

If you don't want to reinvent the wheel, consider forking Abe - it's been forked by Sahtor (I think) to be a block explorer for SC coins.

I, personally, like reinventing the wheel sometimes, but sometimes time is a factor.

Yes sir it is a wallet address (just generated). I've been involved with UTC since late Jan / early Feb and really believe in the coin. I feel like now is a good time to become an active member of the community (it's crucial times for UTC right now).

As far as the fees, yes, higher would probably be better if we really want to get serious about forcing people to switch off Nitro and distribute the hashing power.

I actually like the idea of having super high fee and donating that to the UTC Team!
But I think it needs to be more like 15% to have any impact. Maybe even 20%. =p

Also, that would be awesome for us to have another blockchain!
That's a UTC wallet address you put up correct?

@bumface @Stuhlman, it is going to take time for miners to start distributing the hash power. Most of us have our mining software setup to failover to other pools so when Nitro goes down we mine on a backup pool, then right back to Nitro when it comes back up without having to lift a finger.

If you want people to switch pools permanently you are going to have to do something drastic. Why doesn't Nitro up it's fees to like 12% or something insane and donate the extra 9% to the UTC development team? It has to be something where people find it unappealing to mine on Nitro for them to switch. Rolling "brown outs" doesn't really effect anyone, like I said, because their failover take over and they do not even notice it happened.

Also you are in a catch-22 situation here with UTC value so low miners do not want to lose any unnecessary hashing power (coins) so as long as Nitro is orphaning other pools people will continue to flock to it. I think my solution works well because it benefits the community as a whole (forced donations to the development community via Nitro's insane fees) and forces people to switch off of Nitro. Once the hashing power is distributed Nitro can restore it's normal fees.

@bumface please PM me when you read this, I have access to the domain utcchain.info and would like to code a new block explorer. I have 20 years programming experience and consider myself an elite coder.

If anyone wants to provide me with additional motivation to get utcchain.info off the ground, please donate: UkbuPc3fbCGWxGDyQYaVMZ65Zi6AAS8hgv

I am afraid mass emailing is out of the question now, mailchimp refused my last campaign with a letter about our industry not being welcomed.
So I switched to another mail service and already sent out campaigns to advertise something else. So my monthly allowed email limit is gone.
However, no need to worry, I will deliver the message, even if it takes longer time on each shutdown. I really can not shutdown Nitro1 completely because I do have monthly costs involved, but I will not tolerate having the other pools at this much disadvantage. I was hoping the leveldb fix would come faster, but this is getting out of hand now. So I will close it again tomorrow and if we get no results we will increase the shutdown time till we get results. Eventually the bonus you get for mining at Nitro will dwindle down to nothing. I hope miners see this is the best for UTC and do what is right.

For those who use Reddit or just want Ultracoin to have a wider audience, please UPVOTE this post.
http://www.reddit.com/r/official_utc/comments/22e8y6/ultracoin_reddit_tip_bot_in_open_beta/

Ultracoin_tip bot requires good positive karma so that it works automatically without captcha issue.

Great work everyone & especially Stuhlman for taking such a drastic action.

Stuhlman, are you able to mass email everyone to spread HALF their miners to another non-Nitro pool?
If we can get Nitro 1 miners to change HALF of their workers to Nitro 2 or elsewhere, that will really balance things out.
Maybe that's better for you also instead of simply shutting down Nitro1? (Best to do email now while Nitro1 is down)

Michael remove Nitro 2 from the announcement please. and from the website as well.
We want people to move elsewhere. Tomorrow people will know we are serious about this.


Edit: Other pool owners this is your time to shine, I will not advertise for you, so haul ass and start doing it for your pool.
Do not offer 0% fees and free rewards, you are a business owner, and a business needs funds to run and improve.

http://utc.greekpool.eu/  pretty good pool

     
     

         

At which block will the change from 50 ot 15 block reward amount occur at?

90% crypto currencies over the past month include declines.
Including BTC.
It is sad, but most importantly that UTC is not in place and do not give up.
It can only get better.

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Haha! look at this ! http://bitgo.pw/utc/

Thanks man, I only hope nitro2 won't get to 51% like this, but it will only take 2 hours..

sorry guys took a little longer than expected, I was talking to Mintpal guys and forgot to shut it down in time. so It's shut down now for 2 hours

Great effort thanx man