Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 26. (Read 946641 times)

Can someone explain this? 4 deposits of 0.00 to no address showing up in my wallet?

+1

That's a good idea. we might actually discover some other ways to integrate UTC as well. Never hurts to talk to your audience.

If you're adventurous, there is a branch(chacha-flexible) of YACMiner that I've never found the time to finalize that includes:
hot changes of lookup gap (sometimes fails and crashes)
autotune - automatically select settings for your card to avoid HW errors (fails when mining locally due to timing I haven't looked at fixing)

It still includes using buffer-size to specify settings instead of having to deal with thread-concurrency and other fiddly bits.  Anyone who wants to help fix the timing issues and the crashing on lookup-gap change would probably earn a bounty of YAC from Beave

Should be nice if we could make it to Clash of Clans, and other MMORPGs

when the minecraft thing is made is there a minecraft website/forum where we can tell the users about it? create a bit of a storm? Hopefully this will make UTC attractive to buyers again and make people want to buy some. Currently this week we are only getting £300 per day in volume. So body wants to buy UTC so we need to be "sexy" again.

If we make a huge fuzz about it hopefully we can get $100k in volumes again

Lol, I know that quite well. When I sold in past times, the price almost instantly went up. I'm glad those times are over, now.

.edit:
I don't mean I'm glad that UTC price spikes are over (hope they are not!), I meant that I'm glad that the times of those nonsense losses for me are over.

There are some options;
- Someone wants very cheap coins and puts the price down for that
- Someone hates UTC and is trying to kill it
- Not enough buyers because everybody who wants UTC, allready has bought dozens of UTC @normal UTC market price (~0.003)

There are just some sell orders and everybody else is dumping or not even thinking about selling at this rediculous price.

At least I could dump some of my coins, in a normal situation that is succes for the price to go up....    (but at this price thats its not fair to UTC to dump)

Who's gonna catch the falling knife?
any ETA on the asics to save us?

If you have "Enable Stake Minting" enabled, you should be minting. At least I - surprisingly - had 2 "coin blocks" staking today, yielding a total of some estimated 300-400 coins.
Funny though, as I never saw staking "live". The "Stake" section does not show the coins which are being added to your total, but instead, a "coin block" (sry, don't know how to call it; probably it's a certain amount of coins with the same coin age, hope it is clear what I mean) is substracted from your balance and it shows up under "Stake" (including the staked amount of coins) for a certain amount of time, until it is being added to your total balance again - which should have increased by then.

So POS has started. How can I check if I'm minting?

That is correct. And mining a coin to sell it for another coin does not at all equate to someone selling as cheap as possible. In-fact it would be much more prudent to hold that coin for a short period of time if they suspect the value may go up. Often times these "dumpers" can push price up because they want to maximize their profits by getting the most they can from the coin they are mining. While I agree, there are some people that just dump their coins as soon as they get them at market price there are also those that try to drive the market up while exchanging UTC for some other coin.

I know for a fact when I mine another coin to convert to UTC, I do my homework and make sure I am not selling the mined coin for anything less than what it is worth and if I suspect that coin to increase in value over the short-term, I attempt to hold it and get the most I can out of it, because that in turn gives me more UTC.

So just because there are people out there mining UTC to dump for another coin, does not mean those people are constantly driving the price down.

One of the reasons we are seeing dumps is because Ultracoin has been top 3 on whattomine.com for months. Luckily I don't see any Scrypt-ChaCha multipools, but individual miners will mine UTC to liquidate. I don't see that as a problem, as if Ultracoin ever becomes unprofitable to mine these miners will leave and we will see a boost in price. The market has a way of self-correcting itself.

There are a couple of large fallacies with your argument.

1)  No one is dumping UTC from the multipool.  If they are, then they don't know what they are doing because the multipool is dishing out UTC after mining something else, selling it, taking and paying fees along the way, and giving them what ever is left in UTC.  The idea behind dumping coins is to make a profit.  It would be much more profitable to just never buy the UTC and stop right after they sell whatever the multipool is mining.  It makes no sense that they would willing submit themselves to paying the fees to purchase UTC and then immediately turn around and sell it again. 

2)  How about we lower it to .0005 coins per block?  The market will eventually adjust right?  Cause it makes people buy more.....
You can't force demand by limiting supply.  All you are guaranteed to do when you do this is reduce the number of people mining the coin because the market isn't going to care how many coins are being generated a day.  They are going to care about the historic price trend and they are going to need a better reason why coins today are worth more than the 16 million already in circulation. 

The price isn't going to change until people decide they want some of those 16 million. 

What you are really wanting to  do is reduce the sell side pressure as you see it as a problem.  But it's only a problem because you don't like the way the price is moving.  Liquidity is the lifeblood of any currency and if it isn't moving, it's no better than a digital sticker. 

I agree with this 100%

You guys are so focused on price that you stare at this tiny little spot instead of looking at the big picture.

1) You realize that the TOTAL volume for all UTC trades lately has not exceeded the amount of coins created, you understand that RIGHT? So what you are saying is clearly not happening. There are miners, exchange operators and pool operators that have hundreds of thousands of coins that they are bag holding, when they dump, you will know.

2) Please point me to a single PoS coin that is steadily increasing in value or was "saved" by going PoS, forget about proving this concept by showing it has been tried and true, just show me one. BlackCoin's value has been steadily falling for some time now, which seems to be one of the more well known PoS coins. So if any of them were to have a chance at proving the PoS model, I suspect they would. X11 Coin is PoS and is struggling and in a constant state of disarray. So WHERE is the proof that PoS is having is positive impact on a coin?

3) You want to talk about FUD... How about you guys that keep coming on here in a total panic saying if we do not change the nature of this coin (which caught most people's attention as a FAST ASIC RESISTANT coin) that the coin is doomed!!!111 Why not wait until... I don't know ... the scrypt ASIC's to hit the market before going into an absolute panic because you guys do not have the stomach to suffer through the dips. Value rises and falls, look at EVERY SINGLE COIN EVER.

just stop with the bullshit, all of it and start doing things that have a positive impact on this coin instead of spreading myth and lies backed by nothing but your gut feeling.

what happened to UTCMINER i think his name is, he had 100BTC and was gona spend a bit putting up a buy wall? That would be great to see a 10BTC buy wall.

The price is going to fluctuate as it does with every crypto, both up and down. Currency manipulation is never a good idea for rising price or a long term solution. If you really want to raise Ultracoin value, head over to : http://ultracointalk.org/index.php?topic=137.msg288#new and message some vendors to start accepting Ultracoin.


Btw I also have in my possession now a card printer, one where I can make credit card quality cards for Ultracoin. I was thinking of using this as a way to promote Ultracoin... I was thinking of making custom cards for the family, friends and colleagues of community members, it can have that persons name embossed (3D lettering like on a credit card) onto the card, with a public and private key for uploading to a wallet. Or, the design can mimic all of the designs of a credit card and simply be just a marketing tool for Ultracoin, with information on the back as to what Ultracoin is, where to download it, and where it can be used, etc. This could be a great personalized marketing tool for the Ultracoin community to give out to friends and family. Does anyone deal in graphic design and would be able to help me out with the design of the card? E-mail me at [email protected] for more info.

Bit of a knee jerk reaction? that's why coins get in a mess.

The blockchain aint going nowhere, patience, if they're as committed to UTC as they say, they'll, fingers crossed, manage to build up some infrastructure around that to support it 

Then you'll be worrying about price (as it climbs)

I don't agree with you.
The block reward is still to high (15).
Miners can mine a tremendous lot of UTC per day and then they just dump it because the have no feeling with UTC.
Their motto is: mine as much as possible per day and then dump a.s.a.p.
This is what we see every day. Again and again.
We see it also at the mulitpool. How can the multipool bring the price up if everyday the miners just dump and dump at the lowest prices.

Many before say it all ready here at the forum: Bring the blockreward down from 15 to 5 or even to 2 !!!
Or go the other way and full pos.

Please, explain to me *HOW* going full POS is going to somehow take back all of the coins everyone has and put them into a secure vault where no one will sell. There are TONS of coins in circulation, going full POS will do NOTHING to stop dumping. Give me some sort of logical reason as to how this will stop people from selling coins already in their possession. People dump coins when they lose faith in the coin or feel the value is going down. It has NOTHING to do with the amount of coins generated in a given day.

Too many dumpers... UTC is crashing.....

UTC Team react now while it's possible!
Go full POS or reduce the number of coin per block