Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 258. (Read 946657 times)

Can everybody twitter this in the Ultracoin chats and get some media attention meby the coin will go up a bit!! this is good news for the coin!!

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!

China ban really isn't the problem. The problem is the rest of the world is scared of the ban. Chinese can still buy, hold, sell, and use btc, just not through the banks. China's economy is on the brink of collapse and the communists are scared. So when it does, cryptos all the way! I know this because I own a scrap yard and the banks of china use copper to back all their money, and they aren't buying nearly as much copper. Copper price is down 15% from its $3.40 highs before the chinese 2 week new year shutdown. Also the chinese falsify their ''copper buying'' orders and double on paper what they actually buy and sell, so collapse is inevitable, I think earliest in 2 years.

I tried with a 7950 and I don't get accepted

Try the auto conf tool thirtybird made...it was posted in this thread a page or two back.

Currently mining with a few rigs with 7970 and 7950 cards, friend of mine owns a pair of 5870's and wants to mine UTC too.
But I can't seem to get the cards running with cgminer, anyone with a good stable config for these cards please?

well i thank him for the cheap utc

ae86stunt has dumped most of his stash on the 3 main exchanges today hes talking about it on CT now

say's hes got 10k UTC left and he had about 160k

so guess we can thank him for this bad drop today

@ Bumface IMPORTANT steps

- Post roadmap one page 1
- Make a bounty for making press release in english and dutch and chinees
- Bounty for spreading the press release over the special news sites
- I read that there was a Redditbot for UTC! put the explanation on the front page we can all do it then( worked for doge )

Hope you agree and can fix this things fast before we hit 0,00001

@bumface: You see we need a press release!! can we make a bounty or Jeff already fixed it?

I was drawn to UTC because the product is great.  Great products are easy to sell.

I stayed with BTC because of the community.  If some can believe in a product this much, why can't the rest of the world?

My hands will not get weak, and if UTC pulls through "This is a great time to buy!" 

However, this is a contest in which we have many competitors.  Perhaps Blackcoin is the strongest at the moment.  We should monitor our competition constantly.  After I saw this info on the BC thread, I began to have second thoughts about UTC.  I don't want to have second thoughts, so listen up:

"1.) First I want to thank everyone who supported Blackout Wednesday! Our press release was read over 100,000 times on over 111 sites: https://www.google.com/search?hl=en&q=%22BlackCoin%20Popularity%20%26%20Value%20Soars%20Due%20to%20Revolutionary%22

2.) As everyone here might already know BlackCoin is being added to CoinKite! They have a debit card that can be branded and used at their shops. SoepKip notified me a few days ago about the news and a decision was made I will not longer produce a separate Visa card. We do not want to cause confusion in the marketplace, and we also do not want to incite unnecessary competition amongst ourselves. Instead, I have decided to support the CoinKite project and use my resources in helping that partnership grow.

3.) As I previously announced I will be using my own resources to quickly build a network and infrastructure around BlackCoin. I wholeheartedly disagree this coin or community should take baby steps. We need more talented people who are willing to help in any way they can to help this community grow.

4.) Finally... Today I would like to announce the BlackCoin Card Wallet. As some of you know I am software and product developer, and since CoinKite will eventually supply our debit cards, I wanted to shift focus and  create something special for the community. I contacted rat4 and Soepkip about a portable BC wallet the size of a credit card. The dev team liked the idea so I began immediately making it happen."

Moral of the story is.... we need to keep pushing forward.  There is no time to rest in such a fast-paced race.  Thanks as always to the Dev team and supporters for work and innovation thus far.

I agree with you

Another 5 days left for this China FUD

So i think he messed up with his chart (predictions) like always

Take a look in the readme that's included, then if something has been left out or is unclear, please PM me so I know where the documentation needs to be improved.  Thank you.

Though you will not find an answer to the diff question - it's the same one asked often.  Scrypt share difficulty is 65,536 times what the reported difficulty is, so if it shows 85.1K, the diff of the coin is around 1.3.  Displaying it like that is confusing I guess, but it keeps the units of difficulty the same throughout the program and interface.

You are the BOSS. We believe you

Read this article all about DOGE getting big with so reddit bot, UTC already have the same right?> mabey put this on page one how to do it!!

no we know that is work very good.. they say the DOGE is so big of that bot

http://coindesk.us6.list-manage.com/track/click?u=bd86e4166301c98f522b19a62&id=2d6f47e540&e=44f5a8104f

Thanks bumface, i'm holding long time with this coin. The key to a coin is development, so i'm really hoping that none of the dev team will give up. Price will fluctuate like crazy in this early days of crypto currency, only those who stay resilient will survive.

+1 @ bumface meby post the roadmap on page 1 and on the UTC website

Chinese policy has great influence on the development of a coin
  :(Unless we find a better way

This is no time to dispair guys.....all coins are down, and will keep going down until this china stuff is behind us.We are also dealing with the aftermath of the heartbleed situation.....

But you need to know that Team UTC does not quit, does not give up.We know all the things we are developing and we have shown a road map of it (which can be found on page 580.

Team UTC does not doubt the future of the coin, and at this price the coins are a steal.

We have found new devs who are working very hard on the list that we have provided,and Dcgirl is building an incredible arbitrage program...Later this year we are expanding into the minecraft community which has 30 miljon players and 500k servers.and we will take some of this as our userbase for the coin ( in game economy with UTC)


It is hard to keep positive when everything keeps going down,but selling your UTC at this price doesnt do anybody any good,its a battle of undercutting eachother while the true value of UTC should be between 2 and 3 dollar at this point.....

This is borderlining the rediculus.I wont name names, but there are few coins out there with such an active and dedicated team,who are communicating daily ,and developing daily.

So, take a breath and remove those lowball sellorders, let it rise, let it grow...

There is great news around UTC every day.

Just look here! https://pock.io/

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end of braveheart speech.

Believe or not, but i think someone who dump 82.932 utc on CT, just woke a sleeping dragon.
Just weak hands who did not know what to do with utc sell them to stronger and smarter hands...