I am at the point I am getting deeper and deeper into debt from mining at a loss
Do not mine at a loss, just buy the Ultracoins, you increase demand and thus price. 
Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 257. (Read 946650 times)
April 10, 2014, 04:46:21 PM
April 10, 2014, 04:40:58 PM
0.6 btc raised so far
the adres for donations to the new devs is : 1H8rUGC3KMv7XnkJddD7XJRJQMDqmex7He
I pledged to send 0.1BTC to the appeal but have only returned to my home today. I know the original sum has been raised but a promise is a promise and I would still like to donate. Can I send to address above or would another address be of more use?
KC
that is the permanent donation adress, for clarity and tracking purposes
April 10, 2014, 04:32:38 PM
Greetings miners
We are giving the wallet a major overhaul in 3 phases, Phase 1 has just been completed.
We are writing you to inform you that we are going to decrease the blockreward from 50 to 15,the reason for this is that the price or Ultracoin simply can not rise with this model.
In the current model there are 144000 UTC minted per day as opposed to a 25000 in Litecoin for example. In the current model where the block reward is 50, there wil be 52560000 UTC minted in year 1 alone, which is over 50%.
If we continue on this path all UTC will be mined within just a few years, we can not allow this to happen.
We hope you (the miners) will understand that this is in the best interest of the coin, and we hope you will remove your sell orders so that the price can rise to a healthy equilibrium.
The price is way to low at the moment (also becasue the daily supply is flushing yout the demand).
The current model is not healthy and unsustainable.so please think about the future of ultracoin and stop selling UTC so cheap.As long as there are low ball sell orders , people will buy low, and the price will not rise.Nobody will pay 2 dollar for hamburger if they can buy it for 5 cent.
We hope you wont quit mining Ultracoin since the miners are the backbone of the operation.
Thank you from Michael, UTC founder & Team UTC
Below another preview on the awesome upcoming arbitrage tool made be one of the heroes of UTC, Dcgirl!
We are giving the wallet a major overhaul in 3 phases, Phase 1 has just been completed.
We are writing you to inform you that we are going to decrease the blockreward from 50 to 15,the reason for this is that the price or Ultracoin simply can not rise with this model.
In the current model there are 144000 UTC minted per day as opposed to a 25000 in Litecoin for example. In the current model where the block reward is 50, there wil be 52560000 UTC minted in year 1 alone, which is over 50%.
If we continue on this path all UTC will be mined within just a few years, we can not allow this to happen.
We hope you (the miners) will understand that this is in the best interest of the coin, and we hope you will remove your sell orders so that the price can rise to a healthy equilibrium.
The price is way to low at the moment (also becasue the daily supply is flushing yout the demand).
The current model is not healthy and unsustainable.so please think about the future of ultracoin and stop selling UTC so cheap.As long as there are low ball sell orders , people will buy low, and the price will not rise.Nobody will pay 2 dollar for hamburger if they can buy it for 5 cent.
We hope you wont quit mining Ultracoin since the miners are the backbone of the operation.
Thank you from Michael, UTC founder & Team UTC
Below another preview on the awesome upcoming arbitrage tool made be one of the heroes of UTC, Dcgirl!
Did u also calculated the many orphans the pools have?
Blockrewards to 15, orphans..it looks like it will be the same as now who don't mine at nitro. Only miners at nitro will decrease the coins/day.
When will the blockreward be change? Same time the orphans will be solved?
April 10, 2014, 04:22:04 PM
anyone got the new settings for the R9 280... or let me know where it has been posted.
CONFIG GENERATOR
Raw version: http://www.ultracoin.net/configgen_raw.html
April 10, 2014, 04:20:20 PM
0.6 btc raised so far
the adres for donations to the new devs is : 1H8rUGC3KMv7XnkJddD7XJRJQMDqmex7He
I pledged to send 0.1BTC to the appeal but have only returned to my home today. I know the original sum has been raised but a promise is a promise and I would still like to donate. Can I send to address above or would another address be of more use?
KC
April 10, 2014, 04:03:22 PM
Arrrggghhhh FFS! tried sending some BTC to Cryptsy from my ultibit wallet and it's got stuck some how 
Cryptsy is showing .2 BTC as pending, the transaction has been seen by 6 peers now but no confirmations, and to top it all off, the "change" from the transaction hasn't hit back in my wallet, so it is saying I have .599 BTC, but 0 spendable, anyone else had a problem like this before?
Was trying to buy up some UTC with what little BTC I had left, but that's out the window currently as I can't get to any of it
**EDIT** and as always, I moan about it and it starts to move :p 1 confirmation at last, wallet is useable again, just need to wait for funds to appear at Cryptsy so I can buy some thing , yay
Cryptsy is showing .2 BTC as pending, the transaction has been seen by 6 peers now but no confirmations, and to top it all off, the "change" from the transaction hasn't hit back in my wallet, so it is saying I have .599 BTC, but 0 spendable, anyone else had a problem like this before?
Was trying to buy up some UTC with what little BTC I had left, but that's out the window currently as I can't get to any of it
**EDIT** and as always, I moan about it and it starts to move :p 1 confirmation at last, wallet is useable again, just need to wait for funds to appear at Cryptsy so I can buy some thing , yay
April 10, 2014, 03:24:20 PM
anyone got the new settings for the R9 280... or let me know where it has been posted.
April 10, 2014, 03:07:56 PM
The new devs are on track and are making great progress!
here is a sneak preview on the coincontrol feauture. it allows you to save up old coins and spend new coins, so you can have maximum benefit of the POS side of UTC!
here is a sneak preview on the coincontrol feauture. it allows you to save up old coins and spend new coins, so you can have maximum benefit of the POS side of UTC!
Are you considering changing the POS timing at all?
April 10, 2014, 02:54:16 PM
The new devs are on track and are making great progress!
here is a sneak preview on the coincontrol feauture. it allows you to save up old coins and spend new coins, so you can have maximum benefit of the POS side of UTC!
here is a sneak preview on the coincontrol feauture. it allows you to save up old coins and spend new coins, so you can have maximum benefit of the POS side of UTC!
April 10, 2014, 02:44:21 PM
Please ignore my incredible stupidness, just remembered I changed email address earlier.
April 10, 2014, 02:44:13 PM
and its dropped back down
Of course, I was buying and then stopped. I pushed it as high as I could. Trying to help out as best I can. Believe it or not, not everyone reads the UTC thread. So buying will commence once the word is out.
April 10, 2014, 02:38:47 PM
Is something wrong with Nitro 2? I can't log in, it says invalid passed despite using my KeePass generated password, auto login with Chrome and even the contact form fails.
April 10, 2014, 02:37:09 PM
and its dropped back down
April 10, 2014, 02:24:47 PM
..annnddd cleared out the 8000-9000 range
April 10, 2014, 02:20:46 PM
OI!!! leave some for me :p
April 10, 2014, 02:16:42 PM
bought up all of the 7000-8000 range thank you weak hands!!
thank you weak hands!!Lol same here!!
April 10, 2014, 02:15:11 PM
bought up all of the 7000-8000 range thank you weak hands!!
thank you weak hands!! April 10, 2014, 02:03:07 PM
Very good news Michael. Now we have to spread the word and make some hype.
Yes indeed can we use the Reddit bot? somebody can do this! we now need to spreas the word and get the value and buyers going
April 10, 2014, 01:55:36 PM
Very good news Michael. Now we have to spread the word and make some hype.
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