Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 400. (Read 946659 times)

Yep, Bad Luck Ultracoin strikes again

The one suggestion I have for you is to think of this as a "long hold" coin. This is not a pump and dump. If you can buy coins at a good price and hold them, it should benefit you down the road.

The other point that should be made is that every coin has manipulators. There's no getting around it. If you stare at the charts non-stop for hours, you will get really frustrated. If you think the chart is just going to go up, up, up and never have a downturn, you will be very frustrated. No coin has ever done that - think of bitcoin, ltc, aur, etc. They all had their ups and downs, people made a lot of money on them, but never were a sure bet (and still aren't, especially aur).

My personal opinion? Anything in the 2s is a good deal. As UTC matures and we build out features and services to support it it will continue to grow.

BTC price on the downtrend doesn't help things also!

The 7970 is about right hash but you can maybe try upping the clock speed abit more you might get 140 khash rest i can't help with

Try here  http://www.reddit.com/r/official_utc/comments/1z93t9/cgminer_configs_for_new_nfactor/

Crapsy has lost 3 Aurora I deposited over there. Support says "wait 24 hours".
I would have paid off the rest of my hardware with that 3 Aurora. Bunch of clowns over there.

Hi, I need help to optimize my configs.


290  65 Kh/s

--sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 34234 -I 12 -w 512 -g 1 --queue 0 --no-submit-stale --scan-time 1 --lookup-gap 3

7970 130Kh/s

--sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 16384 -I 12 -w 512 -g 2 --queue 0 --no-submit-stale --scan-time 1 --lookup-gap 3

6970  45Kh/s


--sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --thread-concurrency 16384 -I 12 -w 256 -g 2 --queue 0 --no-submit-stale --scan-time 1 --lookup-gap 3

Leav you walled adress if you have any idea what will help me.

close wallet and reopen it

Yes, it happened to me before. Mostly it's when I close the wallet right after I send the coins and the network isn't aware of the transaction yet.
Wait for aprox 1 hours, leave ur wallet open. It will be sent, don't worry.

Ace try to check all pool stats on several pools and see what is best for you. All pools had some problems, luck on some of them are liittle worse than at others, I was at Leet for 2 weeks, was OK, last few day not are their best days. Check greekpool, also good, idcray was first that was functioning well on the day 1. Also, diif was spiking last days from 2 to almost 8 but mostly from 3.9 to 7.5 so it's 100% difference. With that in mind, yes it is possible that you got only 1/2 what was expected.

The hash rate reported on the website fluctuates because it only uses conformations to calculate and those fluctuate wildly. You're getting less coins per day because the difficulty has risen significantly. I'm only getting  about 1/3 the coins today I was getting last week.

I wanted to do a trade test an my coin's are stuck
Status: 0/unconfirmed
Date: 07.03.2014 17:20
To: cryptsi UaSu7JPRjEMZLdBFLWPXc28W5C8ZoViBb5
Debit: -10.00 UTC
Transaction fee: -0.00001 UTC
Net amount: -10.00001 UTC
Transaction ID: f1734e9b36cf95edf9ca075a4965e633d16f4acb99ff066dacde482399ec43d7
what can I do?

prolly take me a week to mine 1 LTC or 1-2 days mining UTC can give me 1 LTC

Been watching the coin and this is what put me off jumping on board.

The buy orders were weak and held up due to small buy orders. Decided
to sleep on it, after nearly purchasing yesterday. Missed the low 17k this
morning.

Right now there are buy orders, that jump 300 and even 1800 sat. A lot
of supporters which is great and understand the price was a lot higher in
past. But as someone new to the coin I'm looking at the current prices now
and doesn't give me any confidence in buying!

Very well thought out post but it does leave me with a question. If you can't mine enough to at least defray the costs how are you going to not have the same issue with LTC at it's current difficulty, which is just a tick below 4000? If and when the scrypt asics arrive LTC will be ruined anyway IMHO. FWIW I did very well with LTC from 4/13-1/14. Now it doesn't pay me to mine it at the current price. UTC does pay my electricity bill. I "bag" the rest.

also teacup on crypto-trade and mintpal

I told you all from the beginning and illustrated it with a picture. CAPISH?!  Keep Calm and keep mining.

Guys, is the predicted amount that I earn accurate? I have been mining at http://ultra.leetpools.com/ with a hash rate of around 1.2MH/s and it predicts that I am to earn around 200 to 250 UTC a day. The hash rate fluctuates a lot from 550Kh/s upto 1.7MH/s.... Obviously it doesn't do that in my cgminer so I am guessing it might just be a glitch in the website. The only problem is the last 2 days, I have only earned roughly half of what I should be earning 135UTC! I know the difficulty changes but it certainly hasn't increased to the point where my predicted earning is 135 UTC a day from a 1.2MH/s rig ? Any ideas ?

PS. With regards to power consumption, does this scrypt-jane consume less power than scrypt itself?

You think so?

To answer just one of your points, about diamonds, etc. - all of those markets are for things that already have value established and are all already well known, so I'm not sure that they apply here.

But to get back to trading, trading is the only way I can earn coins, which is my goal. I don't mine, and I don't have fiat to buy with. So for me to get UTC, I have to trade for it. I don't put walls in to manipulate the price. I don't put .01 orders in to drive the price up or down. I just sell when I think I can buy back lower. Do you want me to stop being in this market? Do you want me out of the UTC community?

I guess I get to be the one guy where Greed does not Supersede Ethics.   

The thing I dislike most about traders;  you pointed out yourself.   You all require "Someone Else".
-Someone else to buy the coins your wanting to sell @ a high price (for you)
-Someone else to sell you coins you want to buy @ a cheap price (for you)
-Someone else needs to add buy support

To paraphrase your statement:  "I have made a bunch of BTC selling my UTC to "Fools Greater than me";  I used those to buy a ton more UTC from "Fools greater than me".   Now everyone else needs to buy, so I can do it some more."

The nice thing about holding a coins is you actually SUPPORT the coin;  Actively, by yourself by not selling.   One could also argue;  "If you hold a coin, then you believe in it.  If you sell a coin then you believe in what you sell it for"

You had asked in the end how a market could work if most of the holders held;  We can compare that to several other areas where this has occurred.

- Diamonds  Best example.  Most all diamonds are held not sold.   The price is high BECAUSE of holders.  Thankfully here, there is no realm of reality where it could be considered otherwise.
- Gold  Large percentage of gold is held.  Gold would be less than 500.00 now if it was based on production cost ( I have worked in this arena to know)
- Silver 2011, price rise into 50.00.   That was not because a bunch of new money came in.  It was because people held for higher value
-  BTC  Bitcoin would not have gotten over 50.00 if any significant percentage was / is traded of coins minted.  (last estimate I heard was 10% traded)

I suppose some may consider those "too small" to be examples.  I assume they will work as an explanation of how a market works when most hold.


Moving on;  It does appear that you did a good job of convincing people to go ahead and sell,  so congrats there?   You would think if a trader TRULY was concerned about lack of buy support;  they wouldn't wait until the lowest volume time to sell.   However that is just logic,  which has little place in this world now.


You Guys want everyone to "think" it's IPO or miners; but it's just you traders.   Miners have never been at any great profitability for this coin (save first couple days) and I watch enough coins to know IPO's haven't moved as well.  Because of all the high difficulty early;  myself I would have mined more $$ just mining LTC this whole time.  Now of course, if I had sold everyday since the start; I would have a bit more than LTC.   However,  I would not have any UTC and why would I support it then  as "I took profits" already.

I do hope all the traders realize the fire your playing with.   If you are trying to shake hands and get cheap coins "be careful what you wish for".   Very Very high percentage of these coins have not moved from wallets.  If you do manage to make a low enough price for these coins to move;  then you dumpers haven't seen anything yet.

-The single largest UTC wallet;  purchased more coins than IPO.  Also, that person purchased MANY coins dumped early @ 25-35 cents.  Also, NONE of them have been sold.  For you own sanity, you should pray you do not shake the confidence of this or other large wallets. 


For myself;  I've invested a bit of time, effort, energy, electricity and money into UTC.   I've put more into UTC than I ever thought would be required for any crypto.  Mining LTC for a year;  the most I did was see if miners were on and "Not sell".   I have no realized returns, for this coin, and would be at a 300% loss from cost if I sold any UTC.  As with any crypto, I will not invest more than I can afford to lose and I did not here with UTC.  However, there comes a point where the disparity between energy out and energy in, require a change of course. 

As such.  I've put my miners back to LTC.  No, I have not sold coins.  If you want to take the price to 1 satoshi;  fine if you want, I still won't sell.  At this point, I have to consider this a total loss and a waste of my time.  I had really hoped my first adventure into an Altcoin would have gone better;  but hey S%&t happens.  I do hope someday that UTC will get back to a point where, most of the early buy support can get out of bagholding;  maybe then there would be more overall support. 

I'm sorry to make a post with negative in it and I will not do it again.  I would like to thank everyone in the UTC community who has/ is working hard and I hope things go well for your efforts.  Also, thank you for giving me the chance to try out altcoins.

Take care
Prot