Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 288. (Read 946650 times)
April 05, 2014, 08:14:16 AM
April 05, 2014, 07:58:25 AM
a little bit sooner then announced, and i might edit it a bit or add things that i forgot but here it is:
--------------------------------------------------------------------------------------------------------------------------------------------------------------
hi guys,
As you might have heard Jacoblight arranged for him and myself to go to the swedish bitcoin conference 2014 in Stockholm,and i can tell you that it was very fruitfull,and we will doing this more often since the benefits are numerous.
We have learned new thing things and consolidated old plans into a clear path and method of action.
I will make it clear what we are going to do,how we are going to do it , and why.
But let me summarise the event first....
There were many speakers,all with a different angle on bitcoin and crypto currency.It was very refressing to attend and i am very happy that Jacob contacted btcx on his own initiative and made me aware of it.
This is exactly the type of community member that i need and that i can rely on.That is why he has been appointed as event manager as of right now ( he has been rewarded 2500 UTC for making this conference happen and as a signing bonus,Xwebnetwork and Dcgirl have also recieved UTC ammounts))
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Team UTC:
I am currently indexing and expanding the vital positions of Team UTC and the following are already clear.
Filled:
Bumface - founder/coordinator
Ziggy - secundairy coindev
Xwebnetwork - web dev.
Dcgirl - app dev
Jacoblight - Event manager
Not yet filled (recruiting)
-Primairy coindev (i wont let anybody mess with the code so this hase to be an experienced coindev with a proven trackrecord)
-Promotions manager (Invent new promotions and Team UTC will vote on it)
--------------------------------------------------------------------------------------------------------------------------------------------------------------
What were the benefits of attending the conference?
1:Coming out of anonimity as founder
i have chosen to go and be recorded and give up my anonimity for a very specific reason,proving the already existing credibility of Ultracoin.
While there are 100`s of coins only few people come foreward as the founder ,like Charles Lee.I believe that the time has come where UTC will evolve into
a credible coin for many.IN fact we did not encounter any negative reactions from speakers,delegates or visitors of the conference.
When you dont attend these things and contact the people by email that i have now spoken to face to face,you will be regarded as spam and you will achieve nothing.
We have now given a face to the world behind UTC, as well as prove that we have nothing to hide.
2:Make new relationships for the future.
As i have just mentioned people now know the person behind Ultracoin.I have handed out many buisnesscards with out informations such as the website,email and twitter,and i have
gotten the contact information from some important people,such as
-Btcx CEO Christian Anderson
-btcx public relations - Thomas Larsson
-Kraken COO Michael gronager
-Bitcoin foundation Executive Director - Jon Matonis
-Ursium Founder,CEO Stephan Tual
-Pirate party founder - Rick Falkvinge
-Grecom - Gregor Knafelc
-yacuna - Stanislav Wolf
Many of these people were speakers and shed light on relevant angles regarding bitcoin and crypto currency,Jacob and i were delighted to attend and i was very gratefull that i could participate in the altcoin expert panel which was also filmed and can be found under this text.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Were there any things done or said at this time?
Yes.
-I had a chance to speak with Kraken COO Michael Gronager (who was also a panel member) and he told me one of their criteria for accepting new coins is becoming a member of the top 5 on http://coinmarketcap.com/.
I feel that exchanges of this quality and respectability can not afford to implement an unproven coin for it might damage their credibility and reputation,so this is understandable. However please note that he told me he would be keeping an eye on Ultracoin,and the future developements.
- Bitcoin foundation Executive Director Jon Matonis agreed with the strategy of Ultracoin as an arbitrage vessel because of the ultrafast confirmation time (i will
explain this strategy in detail below)
- Btcx CEO Christian Anderson was glad to see the person behind UTC,and got a good feeling from it.No deals have been made at this time but the chance of a future
partnership is realistic.
We will maintain contact and a future partnership is a realistic possibility,however i should amphasize that their payment processor is a service for actual
brick&mortar retailers.Until the demand is sufficiant,it is futile to have actual physcal shops accepting UTC, since nobody knows what it is.There is a logical order of growth that every coin must abide by.
I can already hear the voices of critics saying "so you did not make a partnership with them for the payment processor"....correct and this is not a problem in fact this
is in our best interest at this specific point in time.
Lets create an imaginairy situation where they did say we will implement UTC in the payment processor,and You could pay in Swedish stores with UTC.now people
will say "what the hell is utc", and nobody would use it,discrediting btcx.
This can not happen,so what im saying is if there was a proper knowledge base for UTC and a matching demand it would be another story,and this is why you must
go to events to build and maintain relationships for the future..
The new Ultracoin roadmap will facilitate a renewed demand for the coin, expanding the userbase and making the value go up.
-Team UTC has been invited to the 2014-05-15 Bitcoin Foundation Bitcoin 2014 Amsterdam, Netherlands conference.
-Team UTC has been invited to the 2014-09-01 World Bitcoin Forum 2014 Bonn, Germany conference.
At this moment as visitors,and hopefully as a speaker again.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
What is this new road map?
Strategy 1 : Arbitrage Vessel
As you all know Ultracoin is extremely fast,And we have created a new strategy as an arbitrage vessel.I will start contacting exchanges that currently carry UTC and i will request if they activate instant deposits and withdraws of UTC...
This will enable Ultracoin to become an arbitrage vessel for other coins.
For example:
litecoin is worth 10.3 USD on mintpal and 10 USD on crypto trade.(you choose which coinholding you want to expand and you have already placed LTC on the exchanges that have enabled instant UTC deposit and withdraw)
1: Sell LTC for UTC on Mintpal
2: Send This UTC as a value vessel From Mintpal to Crypto Trade.During this value transfer you have a 40 second window where UTC price could go up or down,this is an acceptable risk.
3: Sell the UTC for LTC (you are buying back LTC lower then your selling point and you have now gained the difference in LTC value,by expanding your LTC holdings).
To make this easyer we will create a page on www.ultracoin.net showing the arbitrage profit margins in % and dollar and btc,and arbitrage pathways between exchanges in the pair that you select
(as well as a compensation for inter-exchange UTC value)
This will all feature real time data,and an option to save your preferences.This is a multipahese operation
1: Show information
2: Create User profiles
3: Implement API`s from exchanges
4: Automate trading (browser or stand alone desktop client a.k.a bot)
5: 3rd party value vouchers (UTC secondairy block functionality ,like colored coins)
UTC as a arbitrage Value voucher (secondairy blockchain functionality)
1 - deposit BTC in the "bank", (a trusted and licenced money transmitter)
2 - recieve value vouchers built into the UTC blockchain for equivalent value of the deposit (2.0 functionalitys comparable to colored coins and so on)
3 - user places buy order for LTC on the exchange that has the cheapest LTC,Exchange A (Value voucher is instantly transferd to the exchange,its now an IOU)
4 - exchange A advances payment to the sell order from a Fund assigned to them by the 3rd party bank.
5 - User recieves an LTC value voucher and the sell order is removed from the orderbook of the exchange
6 - User BTC deposit is now transferd to the exchange,and purchased ltc is being transferd to the bank
7 - user now wants to sell the LTC on the exchange with the higher LTC price, so he sends the ltc ownership voucher to exchange B and the exchange sells ltc into the highest buy order.
8 - Now the actual LTC arrives in exchange B,a ccording to LTC transfer speed
9 - User sends BTC value voucher to the bank and recieves actual btc
this entire process takes just minutes, and is in time for an arbitrage opportunity, regardless of the coin species,The UTC acts as a value vessel.
No coin is fast enough for this,except Ultracoin and this will drasticly expand the userbase,since people like profit
This Arbitrage strategy will also bring a nice influx of users as well as extra revenue to the participating exchanges,and as i have mentioned before,Bitcoin foundation Executive Director Jon Matonis agreed with the strategy of Ultracoin as an arbitrage vessel.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Strategy 2 : In game purchace.
After the Arbitrage strategy has started and fase 1 is completed Team UTC will expand into the game community in the form of in game purchace (think of items and ranks)
The transfer speed of Ultracoin makes it possible to link an desktop wallet to the game plugin,that enables users to sell an itmen in game, and have the UTC in their desktop wallet within a minute.In game purchace is already possible but the payout
goes throug a central server,but decentralisation is one of the core ideologies of crypto currency.In a changing world the speed of things become more relevant.
The first game that we will initiate this strategy in is Minecraft,since the opensource nature of the Bukkit server software allows us to do this.So this will be an in game economy plugin directly linked to an UTC desktop wallet.
Examples:
-User A sells a minecraft sword on a survival server and the user B recieves payment withing 1 minute after selling.Now he can save UTC, sell it on an exchange, or buy new hardware on https://altoutlet.com/utc.
-A creative server sells a rank to a user for Ultracoin that has added functionality like world edit.
As some of you have already realised, this is also a strategy for expanding the userbase of UTC (like the arbitrage strategy).The minecraft community has millions of users) For example Minecraft has just been downloaded 12 million times for xbox alone
This is also a multi fase plan:
1: Build & test the plugin
2: When this plugin is finished and stable we will create our own Minecraft server called "Ultracoin server", where we will showcase the functionality of this plugin by having a real economy around UTC.
3: Distribute the plugin to other servers (Server owners recieve a small fee from the transactions being conducted on their server as an incentive to implement the plugin)
In the best case scenario we will have this plugin ready and implemented on the Ultracoin server in time for the winter DreamHack Event. Our new Event manager Jacob is in communication with the management of this event and he is currently inquiring how we can participate as a deligate.
This is one of the largest PC and game related event in the world and will promote UTC.
After Minecraft,this strategy will be repeated in other games.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
If you feel you are like Jacob , and you make something happen on your own innitiative , we welcome you into Team UTC with open arms,since this is exactly the type of community member that i like to call: The heroes of UTC.He has filmed the altcoin expert panel that i participated in as a speaker,and there was also a presence of swedish and russion television news crews (we have asked for the chanels where we can attain this footage).
I may be the founder of this coin,but without you guys UTC is nothing and worthless....
So please think about what you can do,
for example:
-Educate people about ultracoin in terms that they can understand and tell them how strong this community is.
-Show the transaction speed movie to everybody you know who knows something about bitcoin.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Next wallet update
The upcomming mandatory wallet update will feature:
-Blockreward to 20.(miners please note that if you hold for a bit and let the price rise you will make the same ammount as now and probably more)
-coincontrol (keep old coins, only spend new coins to increase users POS reward)
-N factor delay (at least 2 more years of GPU mining)
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Event fund
Because of the numerous benefits of attending these things we need to keep doing this.This requires money for plane tickets, other travel expenses, sleeping arrangements and food and so on.
I will ask pools to raise their 1% fee to 2% and send the difference of 1% to an ultracoin event fund. New services will also have a 1% fee.I understand that it might seem strange to "tax" services but it simply takes money to make things happen.
UTC adress : UV65rd1p2D5TcAihXm4vdSWy89tTLajoEf
http://bitgo.pw:3731/address/UV65rd1p2D5TcAihXm4vdSWy89tTLajoEf
Another way to assist for this purpose is to donate in BTC
BTC adress : 1H8rUGC3KMv7XnkJddD7XJRJQMDqmex7He
https://blockchain.info/address/1H8rUGC3KMv7XnkJddD7XJRJQMDqmex7He
When i have my asics i will use a large part of the gain for these funds,so Team UTC can attend more and more globally.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Now you can see why i said the trip to Stockholm has been very fruitfull,since we met alot of great people,got new ideas and have consolidated strategys as well as proven the legitimacy of Ultracoin by apearing in person.
This is the detailed roadmap for Ultracoin,and offcourse we will be doing more then this aswell (these other things can be found on the ultracoin.net bounty page)
Due to circumstances many of you are aware of,my workload became a bit bigger then originally anticipated,but as you can see i have now taken the time to adapt and renew my role as captain of this vessel.I have prepared myself to guide Team UTC for all the new developments and coordinate all efforts.
This and everything i have just stated above mean that there is absolutely no reason at all for this rediculusly low price....
--------------------------------------------------------------------------------------------------------------------------------------------------------------
As a sidenote, the name bumface has outlived its usefullness since i chose it to match the trollbox when i got into crypto.I will now be know as Michael or Michael_UTC.I will still be using the name bumface on various platforms,but not on conventions and official publications and such since this does not benefit the credibility of Ultracoin, that i have now proven.
This is the video of the Swedish bitcoin conference 2014 in Stockholm,i am the middle panel member in the altcoin expert panel
http://www.youtube.com/watch?v=-qMOcFzF2c4&feature=youtu.be
Michael
--------------------------------------------------------------------------------------------------------------------------------------------------------------
hi guys,
As you might have heard Jacoblight arranged for him and myself to go to the swedish bitcoin conference 2014 in Stockholm,and i can tell you that it was very fruitfull,and we will doing this more often since the benefits are numerous.
We have learned new thing things and consolidated old plans into a clear path and method of action.
I will make it clear what we are going to do,how we are going to do it , and why.
But let me summarise the event first....
There were many speakers,all with a different angle on bitcoin and crypto currency.It was very refressing to attend and i am very happy that Jacob contacted btcx on his own initiative and made me aware of it.
This is exactly the type of community member that i need and that i can rely on.That is why he has been appointed as event manager as of right now ( he has been rewarded 2500 UTC for making this conference happen and as a signing bonus,Xwebnetwork and Dcgirl have also recieved UTC ammounts))
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Team UTC:
I am currently indexing and expanding the vital positions of Team UTC and the following are already clear.
Filled:
Bumface - founder/coordinator
Ziggy - secundairy coindev
Xwebnetwork - web dev.
Dcgirl - app dev
Jacoblight - Event manager
Not yet filled (recruiting)
-Primairy coindev (i wont let anybody mess with the code so this hase to be an experienced coindev with a proven trackrecord)
-Promotions manager (Invent new promotions and Team UTC will vote on it)
--------------------------------------------------------------------------------------------------------------------------------------------------------------
What were the benefits of attending the conference?
1:Coming out of anonimity as founder
i have chosen to go and be recorded and give up my anonimity for a very specific reason,proving the already existing credibility of Ultracoin.
While there are 100`s of coins only few people come foreward as the founder ,like Charles Lee.I believe that the time has come where UTC will evolve into
a credible coin for many.IN fact we did not encounter any negative reactions from speakers,delegates or visitors of the conference.
When you dont attend these things and contact the people by email that i have now spoken to face to face,you will be regarded as spam and you will achieve nothing.
We have now given a face to the world behind UTC, as well as prove that we have nothing to hide.
2:Make new relationships for the future.
As i have just mentioned people now know the person behind Ultracoin.I have handed out many buisnesscards with out informations such as the website,email and twitter,and i have
gotten the contact information from some important people,such as
-Btcx CEO Christian Anderson
-btcx public relations - Thomas Larsson
-Kraken COO Michael gronager
-Bitcoin foundation Executive Director - Jon Matonis
-Ursium Founder,CEO Stephan Tual
-Pirate party founder - Rick Falkvinge
-Grecom - Gregor Knafelc
-yacuna - Stanislav Wolf
Many of these people were speakers and shed light on relevant angles regarding bitcoin and crypto currency,Jacob and i were delighted to attend and i was very gratefull that i could participate in the altcoin expert panel which was also filmed and can be found under this text.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Were there any things done or said at this time?
Yes.
-I had a chance to speak with Kraken COO Michael Gronager (who was also a panel member) and he told me one of their criteria for accepting new coins is becoming a member of the top 5 on http://coinmarketcap.com/.
I feel that exchanges of this quality and respectability can not afford to implement an unproven coin for it might damage their credibility and reputation,so this is understandable. However please note that he told me he would be keeping an eye on Ultracoin,and the future developements.
- Bitcoin foundation Executive Director Jon Matonis agreed with the strategy of Ultracoin as an arbitrage vessel because of the ultrafast confirmation time (i will
explain this strategy in detail below)
- Btcx CEO Christian Anderson was glad to see the person behind UTC,and got a good feeling from it.No deals have been made at this time but the chance of a future
partnership is realistic.
We will maintain contact and a future partnership is a realistic possibility,however i should amphasize that their payment processor is a service for actual
brick&mortar retailers.Until the demand is sufficiant,it is futile to have actual physcal shops accepting UTC, since nobody knows what it is.There is a logical order of growth that every coin must abide by.
I can already hear the voices of critics saying "so you did not make a partnership with them for the payment processor"....correct and this is not a problem in fact this
is in our best interest at this specific point in time.
Lets create an imaginairy situation where they did say we will implement UTC in the payment processor,and You could pay in Swedish stores with UTC.now people
will say "what the hell is utc", and nobody would use it,discrediting btcx.
This can not happen,so what im saying is if there was a proper knowledge base for UTC and a matching demand it would be another story,and this is why you must
go to events to build and maintain relationships for the future..
The new Ultracoin roadmap will facilitate a renewed demand for the coin, expanding the userbase and making the value go up.
-Team UTC has been invited to the 2014-05-15 Bitcoin Foundation Bitcoin 2014 Amsterdam, Netherlands conference.
-Team UTC has been invited to the 2014-09-01 World Bitcoin Forum 2014 Bonn, Germany conference.
At this moment as visitors,and hopefully as a speaker again.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
What is this new road map?
Strategy 1 : Arbitrage Vessel
As you all know Ultracoin is extremely fast,And we have created a new strategy as an arbitrage vessel.I will start contacting exchanges that currently carry UTC and i will request if they activate instant deposits and withdraws of UTC...
This will enable Ultracoin to become an arbitrage vessel for other coins.
For example:
litecoin is worth 10.3 USD on mintpal and 10 USD on crypto trade.(you choose which coinholding you want to expand and you have already placed LTC on the exchanges that have enabled instant UTC deposit and withdraw)
1: Sell LTC for UTC on Mintpal
2: Send This UTC as a value vessel From Mintpal to Crypto Trade.During this value transfer you have a 40 second window where UTC price could go up or down,this is an acceptable risk.
3: Sell the UTC for LTC (you are buying back LTC lower then your selling point and you have now gained the difference in LTC value,by expanding your LTC holdings).
To make this easyer we will create a page on www.ultracoin.net showing the arbitrage profit margins in % and dollar and btc,and arbitrage pathways between exchanges in the pair that you select
(as well as a compensation for inter-exchange UTC value)
This will all feature real time data,and an option to save your preferences.This is a multipahese operation
1: Show information
2: Create User profiles
3: Implement API`s from exchanges
4: Automate trading (browser or stand alone desktop client a.k.a bot)
5: 3rd party value vouchers (UTC secondairy block functionality ,like colored coins)
UTC as a arbitrage Value voucher (secondairy blockchain functionality)
1 - deposit BTC in the "bank", (a trusted and licenced money transmitter)
2 - recieve value vouchers built into the UTC blockchain for equivalent value of the deposit (2.0 functionalitys comparable to colored coins and so on)
3 - user places buy order for LTC on the exchange that has the cheapest LTC,Exchange A (Value voucher is instantly transferd to the exchange,its now an IOU)
4 - exchange A advances payment to the sell order from a Fund assigned to them by the 3rd party bank.
5 - User recieves an LTC value voucher and the sell order is removed from the orderbook of the exchange
6 - User BTC deposit is now transferd to the exchange,and purchased ltc is being transferd to the bank
7 - user now wants to sell the LTC on the exchange with the higher LTC price, so he sends the ltc ownership voucher to exchange B and the exchange sells ltc into the highest buy order.
8 - Now the actual LTC arrives in exchange B,a ccording to LTC transfer speed
9 - User sends BTC value voucher to the bank and recieves actual btc
this entire process takes just minutes, and is in time for an arbitrage opportunity, regardless of the coin species,The UTC acts as a value vessel.
No coin is fast enough for this,except Ultracoin and this will drasticly expand the userbase,since people like profit
This Arbitrage strategy will also bring a nice influx of users as well as extra revenue to the participating exchanges,and as i have mentioned before,Bitcoin foundation Executive Director Jon Matonis agreed with the strategy of Ultracoin as an arbitrage vessel.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Strategy 2 : In game purchace.
After the Arbitrage strategy has started and fase 1 is completed Team UTC will expand into the game community in the form of in game purchace (think of items and ranks)
The transfer speed of Ultracoin makes it possible to link an desktop wallet to the game plugin,that enables users to sell an itmen in game, and have the UTC in their desktop wallet within a minute.In game purchace is already possible but the payout
goes throug a central server,but decentralisation is one of the core ideologies of crypto currency.In a changing world the speed of things become more relevant.
The first game that we will initiate this strategy in is Minecraft,since the opensource nature of the Bukkit server software allows us to do this.So this will be an in game economy plugin directly linked to an UTC desktop wallet.
Examples:
-User A sells a minecraft sword on a survival server and the user B recieves payment withing 1 minute after selling.Now he can save UTC, sell it on an exchange, or buy new hardware on https://altoutlet.com/utc.
-A creative server sells a rank to a user for Ultracoin that has added functionality like world edit.
As some of you have already realised, this is also a strategy for expanding the userbase of UTC (like the arbitrage strategy).The minecraft community has millions of users) For example Minecraft has just been downloaded 12 million times for xbox alone
This is also a multi fase plan:
1: Build & test the plugin
2: When this plugin is finished and stable we will create our own Minecraft server called "Ultracoin server", where we will showcase the functionality of this plugin by having a real economy around UTC.
3: Distribute the plugin to other servers (Server owners recieve a small fee from the transactions being conducted on their server as an incentive to implement the plugin)
In the best case scenario we will have this plugin ready and implemented on the Ultracoin server in time for the winter DreamHack Event. Our new Event manager Jacob is in communication with the management of this event and he is currently inquiring how we can participate as a deligate.
This is one of the largest PC and game related event in the world and will promote UTC.
After Minecraft,this strategy will be repeated in other games.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
If you feel you are like Jacob , and you make something happen on your own innitiative , we welcome you into Team UTC with open arms,since this is exactly the type of community member that i like to call: The heroes of UTC.He has filmed the altcoin expert panel that i participated in as a speaker,and there was also a presence of swedish and russion television news crews (we have asked for the chanels where we can attain this footage).
I may be the founder of this coin,but without you guys UTC is nothing and worthless....
So please think about what you can do,
for example:
-Educate people about ultracoin in terms that they can understand and tell them how strong this community is.
-Show the transaction speed movie to everybody you know who knows something about bitcoin.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Next wallet update
The upcomming mandatory wallet update will feature:
-Blockreward to 20.(miners please note that if you hold for a bit and let the price rise you will make the same ammount as now and probably more)
-coincontrol (keep old coins, only spend new coins to increase users POS reward)
-N factor delay (at least 2 more years of GPU mining)
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Event fund
Because of the numerous benefits of attending these things we need to keep doing this.This requires money for plane tickets, other travel expenses, sleeping arrangements and food and so on.
I will ask pools to raise their 1% fee to 2% and send the difference of 1% to an ultracoin event fund. New services will also have a 1% fee.I understand that it might seem strange to "tax" services but it simply takes money to make things happen.
UTC adress : UV65rd1p2D5TcAihXm4vdSWy89tTLajoEf
http://bitgo.pw:3731/address/UV65rd1p2D5TcAihXm4vdSWy89tTLajoEf
Another way to assist for this purpose is to donate in BTC
BTC adress : 1H8rUGC3KMv7XnkJddD7XJRJQMDqmex7He
https://blockchain.info/address/1H8rUGC3KMv7XnkJddD7XJRJQMDqmex7He
When i have my asics i will use a large part of the gain for these funds,so Team UTC can attend more and more globally.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Now you can see why i said the trip to Stockholm has been very fruitfull,since we met alot of great people,got new ideas and have consolidated strategys as well as proven the legitimacy of Ultracoin by apearing in person.
This is the detailed roadmap for Ultracoin,and offcourse we will be doing more then this aswell (these other things can be found on the ultracoin.net bounty page)
Due to circumstances many of you are aware of,my workload became a bit bigger then originally anticipated,but as you can see i have now taken the time to adapt and renew my role as captain of this vessel.I have prepared myself to guide Team UTC for all the new developments and coordinate all efforts.
This and everything i have just stated above mean that there is absolutely no reason at all for this rediculusly low price....
--------------------------------------------------------------------------------------------------------------------------------------------------------------
As a sidenote, the name bumface has outlived its usefullness since i chose it to match the trollbox when i got into crypto.I will now be know as Michael or Michael_UTC.I will still be using the name bumface on various platforms,but not on conventions and official publications and such since this does not benefit the credibility of Ultracoin, that i have now proven.
This is the video of the Swedish bitcoin conference 2014 in Stockholm,i am the middle panel member in the altcoin expert panel
http://www.youtube.com/watch?v=-qMOcFzF2c4&feature=youtu.be
Michael
April 05, 2014, 07:44:47 AM
Do we know when the new N factor is kicking in?
Heard on the chatbox that it is delayed? somebody knows?
Heard on the chatbox that it is delayed? somebody knows?
April 05, 2014, 04:29:06 AM
@Bumface
Bumface like you know Nu.nl is a big news site in the netherlands, meby you can contact them if they want to write a article that UTC is the first dutch coin that is better dan ultracoin!!
http://www.nu.nl/colofon.html
If you can get this to work.. where going to the moon
Bumface like you know Nu.nl is a big news site in the netherlands, meby you can contact them if they want to write a article that UTC is the first dutch coin that is better dan ultracoin!!
http://www.nu.nl/colofon.html
If you can get this to work.. where going to the moon
April 05, 2014, 04:16:53 AM
Guys I just started spreading the word , that UTC is the future coin after all the gridseeds ( asic ) units and especially when KNC Titan appear on the market. All ppl with GPU have to farm something. Sha-256 ( impossible ) , Scrypt ( not profitable ), Jane ( perfect ). So I am jumping all in UTC and I will try to attract more and more ppl using GPU. If you guys help me, we could succeed.
P.s Don`t forget the troll boxes .... We can also write there
P.s Don`t forget the troll boxes .... We can also write there
April 05, 2014, 03:45:04 AM
no luck same hash rate
I 12 and thread-concurrency 16384
try restarting PC I have 4 asus R9 280x cards and i am getting tatal 8k/h with the following settings can some one help me with correct settings
ultracoinminer --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -o stratum+tcp://pickaxe.pool.pm:3306 -u xxx -p xxx -w 256,256,256,256 -I 13,13,13,13 -g 2 --lookup-gap 2,2,2,2 --gpu-powertune -20,-20,-20,-20 --temp-overheat 85,85,85,85 --temp-cutoff 90,90,90,90 --gpu-memclock 1500,1500,1500,1500 --gpu-engine 1000,1000,1000,1000 --thread-concurrency 8191,8191,8191,8191
ultracoinminer --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -o stratum+tcp://pickaxe.pool.pm:3306 -u xxx -p xxx -w 256,256,256,256 -I 13,13,13,13 -g 2 --lookup-gap 2,2,2,2 --gpu-powertune -20,-20,-20,-20 --temp-overheat 85,85,85,85 --temp-cutoff 90,90,90,90 --gpu-memclock 1500,1500,1500,1500 --gpu-engine 1000,1000,1000,1000 --thread-concurrency 8191,8191,8191,8191
I 12 and thread-concurrency 16384
if that dont work lookup gap 3 or just go for -I 11
April 05, 2014, 02:54:34 AM
no luck same hash rate
I 12 and thread-concurrency 16384
I have 4 asus R9 280x cards and i am getting tatal 8k/h with the following settings can some one help me with correct settings
ultracoinminer --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -o stratum+tcp://pickaxe.pool.pm:3306 -u xxx -p xxx -w 256,256,256,256 -I 13,13,13,13 -g 2 --lookup-gap 2,2,2,2 --gpu-powertune -20,-20,-20,-20 --temp-overheat 85,85,85,85 --temp-cutoff 90,90,90,90 --gpu-memclock 1500,1500,1500,1500 --gpu-engine 1000,1000,1000,1000 --thread-concurrency 8191,8191,8191,8191
ultracoinminer --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -o stratum+tcp://pickaxe.pool.pm:3306 -u xxx -p xxx -w 256,256,256,256 -I 13,13,13,13 -g 2 --lookup-gap 2,2,2,2 --gpu-powertune -20,-20,-20,-20 --temp-overheat 85,85,85,85 --temp-cutoff 90,90,90,90 --gpu-memclock 1500,1500,1500,1500 --gpu-engine 1000,1000,1000,1000 --thread-concurrency 8191,8191,8191,8191
I 12 and thread-concurrency 16384
April 05, 2014, 02:36:00 AM
I have 4 asus R9 280x cards and i am getting tatal 8k/h with the following settings can some one help me with correct settings
ultracoinminer --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -o stratum+tcp://pickaxe.pool.pm:3306 -u xxx -p xxx -w 256,256,256,256 -I 13,13,13,13 -g 2 --lookup-gap 2,2,2,2 --gpu-powertune -20,-20,-20,-20 --temp-overheat 85,85,85,85 --temp-cutoff 90,90,90,90 --gpu-memclock 1500,1500,1500,1500 --gpu-engine 1000,1000,1000,1000 --thread-concurrency 8191,8191,8191,8191
ultracoinminer --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -o stratum+tcp://pickaxe.pool.pm:3306 -u xxx -p xxx -w 256,256,256,256 -I 13,13,13,13 -g 2 --lookup-gap 2,2,2,2 --gpu-powertune -20,-20,-20,-20 --temp-overheat 85,85,85,85 --temp-cutoff 90,90,90,90 --gpu-memclock 1500,1500,1500,1500 --gpu-engine 1000,1000,1000,1000 --thread-concurrency 8191,8191,8191,8191
I 12 and thread-concurrency 16384
April 05, 2014, 02:29:53 AM
I have 4 asus R9 280x cards and i am getting tatal 8k/h with the following settings can some one help me with correct settings
ultracoinminer --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -o stratum+tcp://pickaxe.pool.pm:3306 -u xxx -p xxx -w 256,256,256,256 -I 13,13,13,13 -g 2 --lookup-gap 2,2,2,2 --gpu-powertune -20,-20,-20,-20 --temp-overheat 85,85,85,85 --temp-cutoff 90,90,90,90 --gpu-memclock 1500,1500,1500,1500 --gpu-engine 1000,1000,1000,1000 --thread-concurrency 8191,8191,8191,8191
ultracoinminer --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -o stratum+tcp://pickaxe.pool.pm:3306 -u xxx -p xxx -w 256,256,256,256 -I 13,13,13,13 -g 2 --lookup-gap 2,2,2,2 --gpu-powertune -20,-20,-20,-20 --temp-overheat 85,85,85,85 --temp-cutoff 90,90,90,90 --gpu-memclock 1500,1500,1500,1500 --gpu-engine 1000,1000,1000,1000 --thread-concurrency 8191,8191,8191,8191
April 05, 2014, 02:17:20 AM
Sounds good bumface.
When the next nfactor hits, Can we expect cpu-mining to be a bit more realistic?
When the next nfactor hits, Can we expect cpu-mining to be a bit more realistic?
expect an N factor delay withing some time
(extending the gpu era)-1
UTC being the only scrypt-chacha coin on its own schedule makes me sad. I was looking forward to seeing how your momentum did when people had to figure out how to mine at N=13 and 14...
April 05, 2014, 01:29:26 AM
hello im new to mining and just added a 2nd gpu.. my 1st gpu works fine. but now that i added a new one, both my gpu is OFF
https://farm4.staticflickr.com/3673/13638031714_dc64598c95.jpg
using asus 280x v2 as 1st gpu, and 280x toxic as 2nd gpu
heres the settings on my miner
-o stratum+tcp://ultra.nitro.org:3337 -u user.1 -p pass1 --failover-only -o stratum+tcp://ultra.leetpools.com:3333 -u user.1 -p pass1 --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --failover-only --no-submit-stale --thread-concurrency 16384 --intensity 12 --lookup-gap 2 --worksize 256 -g 2 --gpu-engine 1180 --gpu-fan 80 --gpu-powertune 20 --gpu-memclock 1500 --temp-overheat 90 --temp-cutoff 90
does anybody know a fix?? thanks!
https://farm4.staticflickr.com/3673/13638031714_dc64598c95.jpg
using asus 280x v2 as 1st gpu, and 280x toxic as 2nd gpu
heres the settings on my miner
-o stratum+tcp://ultra.nitro.org:3337 -u user.1 -p pass1 --failover-only -o stratum+tcp://ultra.leetpools.com:3333 -u user.1 -p pass1 --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --failover-only --no-submit-stale --thread-concurrency 16384 --intensity 12 --lookup-gap 2 --worksize 256 -g 2 --gpu-engine 1180 --gpu-fan 80 --gpu-powertune 20 --gpu-memclock 1500 --temp-overheat 90 --temp-cutoff 90
does anybody know a fix?? thanks!
April 05, 2014, 12:53:06 AM
I love this coin. I designed a custom Physical Coin ( not finished yet ) , and also some Laser Engraved UTC Keychains!
The key chains finally came today!
I am listing them on a site I recently made as well!
I have it setup so I can manually take UTC payment ( can also take automated BTC, and LTC payments ), so test it out and let me know how it works!
http://www.cryptomemorabilia.com/
Any questions, send me a PM or email!
-Brian Gleason
The key chains finally came today!
I am listing them on a site I recently made as well!
I have it setup so I can manually take UTC payment ( can also take automated BTC, and LTC payments ), so test it out and let me know how it works!
http://www.cryptomemorabilia.com/
Any questions, send me a PM or email!
-Brian Gleason
Really nice,might get 1 or 2 of them at some point
Thanks!
I feel like giving 2 of these away!
For the next 24 hours, anyone who quotes my original keychain announcement above with the picture and website link, I will enter in a drawing. I will randomly pick 2 people out of everyone who quotes my message to help get the word out!
SxC, consider yourself entered already !
-Brian
April 05, 2014, 12:50:05 AM
I love this coin. I designed a custom Physical Coin ( not finished yet ) , and also some Laser Engraved UTC Keychains!
The key chains finally came today!
http://i62.tinypic.com/11v4rpc.jpg
I am listing them on a site I recently made as well!
I have it setup so I can manually take UTC payment ( can also take automated BTC, and LTC payments ), so test it out and let me know how it works!
http://www.cryptomemorabilia.com/
Any questions, send me a PM or email!
-Brian Gleason
The key chains finally came today!
http://i62.tinypic.com/11v4rpc.jpg
I am listing them on a site I recently made as well!
I have it setup so I can manually take UTC payment ( can also take automated BTC, and LTC payments ), so test it out and let me know how it works!
http://www.cryptomemorabilia.com/
Any questions, send me a PM or email!
-Brian Gleason
Really nice,might get 1 or 2 of them at some point
Thanks!
I feel like giving 2 of these away!
For the next 24 hours, anyone who quotes my original keychain announcement above with the picture and website link, I will enter in a drawing. I will randomly pick 2 people out of everyone who quotes my message to help get the word out!
SxC, consider yourself entered already !
-Brian
it looks great, i've already ordered one
April 04, 2014, 11:51:20 PM
I love this coin. I designed a custom Physical Coin ( not finished yet ) , and also some Laser Engraved UTC Keychains!
The key chains finally came today!
I am listing them on a site I recently made as well!
I have it setup so I can manually take UTC payment ( can also take automated BTC, and LTC payments ), so test it out and let me know how it works!
http://www.cryptomemorabilia.com/
Any questions, send me a PM or email!
-Brian Gleason
The key chains finally came today!
I am listing them on a site I recently made as well!
I have it setup so I can manually take UTC payment ( can also take automated BTC, and LTC payments ), so test it out and let me know how it works!
http://www.cryptomemorabilia.com/
Any questions, send me a PM or email!
-Brian Gleason
Really nice,might get 1 or 2 of them at some point
Thanks!
I feel like giving 2 of these away!
For the next 24 hours, anyone who quotes my original keychain announcement above with the picture and website link, I will enter in a drawing. I will randomly pick 2 people out of everyone who quotes my message to help get the word out!
SxC, consider yourself entered already !
-Brian
April 04, 2014, 09:28:35 PM
Sounds good bumface.
When the next nfactor hits, Can we expect cpu-mining to be a bit more realistic?
When the next nfactor hits, Can we expect cpu-mining to be a bit more realistic?
expect an N factor delay withing some time
(extending the gpu era)sweeeeet! How about we just stay at this n-factor for a while...miners are running just right.
+1
April 04, 2014, 06:04:22 PM
Sounds good bumface.
When the next nfactor hits, Can we expect cpu-mining to be a bit more realistic?
When the next nfactor hits, Can we expect cpu-mining to be a bit more realistic?
expect an N factor delay withing some time
(extending the gpu era)sweeeeet! How about we just stay at this n-factor for a while...miners are running just right.
April 04, 2014, 06:00:48 PM
How do I verify that I have activated POS correctly?
I typed the relevant stuff in to the console, hit enter, it went green, followed by an empty line, and that's it.
Not sure if it is working or not.
Thanks!
I typed the relevant stuff in to the console, hit enter, it went green, followed by an empty line, and that's it.
Not sure if it is working or not.
Thanks!
In console, type "getmininginfo" (no quotes), and in the listing you should see: "hashespersec" : #. If # is 0 then something was done incorrectly, otherwise you will see a number.
"setgenerate" true is for cpu solo mining, for pos you just need to unlock your wallet. Make sure you encrypt wallet with a password and then go to debug console and type "walletpassphrase" xxxxxxx "999999999" true (xxxx is your password with no quote marks) you will have to retype this if you close your wallet, and no coins will be generated by pos until coins remain in your wallet for 365 days without being moved.....!
To see if pos is activated just look at the lock icon on bottom right corner of wallet it should look unlocked. Also just hold your mouse over it and it should say "wallet is encrypted and UNLOCKED"
April 04, 2014, 04:39:07 PM
Just want to make a common sense point:
No one ever made profit buying crypto when the price was up. We all know that UTC is way undervalued at the moment. If you are not buying because you are tapped out, well that just sucks. But if you are not buying because the price has gotten quite low..well now that just doesn't make much sense does it? And I can tell you that it certainly won't make dollars. Happy trading:)
No one ever made profit buying crypto when the price was up. We all know that UTC is way undervalued at the moment. If you are not buying because you are tapped out, well that just sucks. But if you are not buying because the price has gotten quite low..well now that just doesn't make much sense does it? And I can tell you that it certainly won't make dollars. Happy trading:)
I bought UTC today
April 04, 2014, 04:24:10 PM
Just got back from Stockholm, bitcoin conference.
It was very fruitfull,i will post a detailed report of events and progress within the next few days, aswell as the video of the altcoin expert panel that i was on....
we have a clear direction now and timeline for developments and other conferences.
update soon
It was very fruitfull,i will post a detailed report of events and progress within the next few days, aswell as the video of the altcoin expert panel that i was on....
we have a clear direction now and timeline for developments and other conferences.
update soon
Glad you enjoyed the trip and got back safely.
I can't wait for this update and to watch that video!
April 04, 2014, 04:00:22 PM
Very excited as well. Glad to hear things proceeded smoothly!
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