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Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 41. (Read 946641 times)

member
Activity: 90
Merit: 10






Guy's and Girl's,

The Multipool was specially build to help Ultracoins price going up.

The concept of mining the most profitable scrypt/X11/Sha256 coin, then selling for BTC and buying back UTC is a beautiful concept.

But if there are to less miners on the Multipool it wil not work and the Multipool has to close his doors soon.

Please consider to put your rigs and hashrate for at least of 75% on the Multipool !

 
Ultracoin Multi Pool     : http://www.cryptotrain.net/  




PaulR1 and everyone else. I had mentioned this earlier and received no response.  UTC generates about 43,200 coins per 24 hour period.  If the multipool were to generate say double that, the coin would have no choice but to go up and supply would start to dwindle.  Having this kind of hashrate on the multipool ahead of any other 'big' action should only enhance the value of that action.

We have seen the multipool generate the ability to purchase 25K in coins, last purchase totalled almost 11K.  Crossing 43K is not insurmountable and everyone's coins go up in value.  This is not rocket science. this is supply and demand.

Simply outpacing daily supply with demand is not enough to make an impact. This would only work if there was not a massive supply built up from all of the previous days.

Obviously more demand is a good thing, but it's not going to work the way you think it will.

There are tons of people with tons of coins and not all of them are long term bag holders.

true, but if they know the coin value is going to go up, a good portion will hold for better pricing.
member
Activity: 99
Merit: 10






Guy's and Girl's,

The Multipool was specially build to help Ultracoins price going up.

The concept of mining the most profitable scrypt/X11/Sha256 coin, then selling for BTC and buying back UTC is a beautiful concept.

But if there are to less miners on the Multipool it wil not work and the Multipool has to close his doors soon.

Please consider to put your rigs and hashrate for at least of 75% on the Multipool !

 
Ultracoin Multi Pool     : http://www.cryptotrain.net/  




PaulR1 and everyone else. I had mentioned this earlier and received no response.  UTC generates about 43,200 coins per 24 hour period.  If the multipool were to generate say double that, the coin would have no choice but to go up and supply would start to dwindle.  Having this kind of hashrate on the multipool ahead of any other 'big' action should only enhance the value of that action.

We have seen the multipool generate the ability to purchase 25K in coins, last purchase totalled almost 11K.  Crossing 43K is not insurmountable and everyone's coins go up in value.  This is not rocket science. this is supply and demand.

Simply outpacing daily supply with demand is not enough to make an impact. This would only work if there was not a massive supply built up from all of the previous days.

Obviously more demand is a good thing, but it's not going to work the way you think it will.

There are tons of people with tons of coins and not all of them are long term bag holders.
member
Activity: 90
Merit: 10






Guy's and Girl's,

The Multipool was specially build to help Ultracoins price going up.

The concept of mining the most profitable scrypt/X11/Sha256 coin, then selling for BTC and buying back UTC is a beautiful concept.

But if there are to less miners on the Multipool it wil not work and the Multipool has to close his doors soon.

Please consider to put your rigs and hashrate for at least of 75% on the Multipool !

 
Ultracoin Multi Pool     : http://www.cryptotrain.net/  




PaulR1 and everyone else. I had mentioned this earlier and received no response.  UTC generates about 43,200 coins per 24 hour period.  If the multipool were to generate say double that, the coin would have no choice but to go up and supply would start to dwindle.  Having this kind of hashrate on the multipool ahead of any other 'big' action should only enhance the value of that action.

We have seen the multipool generate the ability to purchase 25K in coins, last purchase totalled almost 11K.  Crossing 43K is not insurmountable and everyone's coins go up in value.  This is not rocket science. this is supply and demand.
full member
Activity: 238
Merit: 100
http://ultracoin.net/ - Ultracoin Website http://c
@devs
we need turn the reward of each block from 15 to 5,which make the output from 15000 to 5000,and at this price ,we can buy more than  10000 utc from multipool's hashrate. the price will go up then.

if this does not work, we should turn to FULL POS.

consider it very carefully
newbie
Activity: 27
Merit: 0
UTC has so much untapped potential the sky is the limit, I have been with UTC since the beginning as well. I don't understand why more people are not backing this coin ( to me it's a no brainer) with all the positives it has. I guess we will have to wait till the asics are out before people start to realize what UTC is all about
full member
Activity: 228
Merit: 100
I have been on it since day one, Come on Boys and maybe girls let's make the price rise !
hero member
Activity: 776
Merit: 557






Guy's and Girl's,

The Multipool was specially build to help Ultracoins price going up.

The concept of mining the most profitable scrypt/X11/Sha256 coin, then selling for BTC and buying back UTC is a beautiful concept.

But if there are to less miners on the Multipool it wil not work and the Multipool has to close his doors soon.

Please consider to put your rigs and hashrate for at least of 75% on the Multipool !

 
Ultracoin Multi Pool     : http://www.cryptotrain.net/  


why are miners leaving? Please dont close the multipool - it has only been open 3 weeks
sr. member
Activity: 320
Merit: 250






Guy's and Girl's,

The Multipool was specially build to help Ultracoins price going up.

The concept of mining the most profitable scrypt/X11/Sha256 coin, then selling for BTC and buying back UTC is a beautiful concept.

But if there are to less miners on the Multipool it wil not work and the Multipool has to close his doors soon.

Please consider to put your rigs and hashrate for at least of 75% on the Multipool !

 
Ultracoin Multi Pool     : http://www.cryptotrain.net/  



sr. member
Activity: 322
Merit: 250
You raise demand by increasing acceptance, without acceptance a currency is useless. Again, look at Doge Coin, it is worth almost nothing in dollar value yet it is widely accepted. Bitcoin is not a PoS coin, other coins are PoS which are successful. It is completely arbitrary to the long term success of the coin. The acceptance and the price of the coin relies completely on the community and businesses that support it. The USD has the advantage of being legal tender, which crypto-currency is against. Without this noone would accept USD by choice. Bitcoin is different as many people chose to use Bitcoin. Bitcoin has the luxury of being the first. What sets Ultracoin apart is going to be the amount of businesses that accept it + the inflation + features. We have many things to look forward to in features, I think the biggest features are ASIC resistance which increases decentralization, speed which should increase vendor and customer acceptance, and community which enables Ultracoin to be used in unique ways such as video game currency. I think right now the
community should focus on broadening the range of businesses that accept Ultracoin through e-mail. Full PoS and other artificial means of success are like trying to build a foundation out of sand. It is not a means to an end.

I almost fully agree with you, but full PoS isn't a artificial mean of success. Its just the next step of the altcoin evolution IMHO.
And its really ASIC resistent Wink

hero member
Activity: 776
Merit: 557
Yes chrome doesn't work - it didn't last week also. I had to use IE
sr. member
Activity: 298
Merit: 250
Had the same issue

it actually does download and saves a chrome extension file - just change the file extension back to .zip - and alls good


just wanted to let you know that chrome doesn't let me download your new wallet because of malware suspicion.

Hello,

Let me know if more people have this problem!
In Chrome you can go to settings --> Advanced --> Protection phishing / malware then uncheck the box for the download

Regards,
Fabietech
sr. member
Activity: 476
Merit: 250
You raise demand by increasing acceptance, without acceptance a currency is useless. Again, look at Doge Coin, it is worth almost nothing in dollar value yet it is widely accepted. Bitcoin is not a PoS coin, other coins are PoS which are successful. It is completely arbitrary to the long term success of the coin. The acceptance and the price of the coin relies completely on the community and businesses that support it. The USD has the advantage of being legal tender, which crypto-currency is against. Without this noone would accept USD by choice. Bitcoin is different as many people chose to use Bitcoin. Bitcoin has the luxury of being the first. What sets Ultracoin apart is going to be the amount of businesses that accept it + the inflation + features. We have many things to look forward to in features, I think the biggest features are ASIC resistance which increases decentralization, speed which should increase vendor and customer acceptance, and community which enables Ultracoin to be used in unique ways such as video game currency. I think right now the
community should focus on broadening the range of businesses that accept Ultracoin through e-mail. Full PoS and other artificial means of success are like trying to build a foundation out of sand. It is not a means to an end.
legendary
Activity: 1590
Merit: 1002
Had the same issue

it actually does download and saves a chrome extension file - just change the file extension back to .zip - and alls good


just wanted to let you know that chrome doesn't let me download your new wallet because of malware suspicion.
sr. member
Activity: 322
Merit: 250
If you guys go full POS, it will do nothing for demand.  I don't know why that is so hard to understand.  Why do I want UTC suddenly because you are PoS? Why do I want to buy a coin that changes it's mind as to what it is every other month?  

The problem is this thread is full of bagholders trying anything to artificially boost the value of the coin with no regards as to what the perception of those actions will be.  Go to the parent of this thread and count how many PoS coins are on the front page and ask yourselves how those are doing.  How's mint?  How's Liberty?  How's Minerals, Sat2, Guerilla, Fire, Nxt, etc.  There are probably 50 more of them.  

But I'm sure you're all stuck on Blackcoin's success.  How about Whitecoin?  It's down 90% from PoW phase.  

You're just going to look flaky and desperate going full PoS.  It will be seen as manipulative by those not involved in the coin as it effectively gives bagholders all the leverage.  I seriously doubt it will raise demand, but I can see it completely killing it.  

True, it will not rise the demand so much, but it will cut down the inflation. --> easier to get some value back

Liberty, WC, Mint etc. dont suffer from PoS, they have the same problem as UTC: no demand.

But I'm sure most of them would be already on LTC Market or just delisted if they would be mineable.

Going full pos isn't the solution, but a step into the right direction IMHO.
sr. member
Activity: 390
Merit: 250
just wanted to let you know that chrome doesn't let me download your new wallet because of malware suspicion.
hero member
Activity: 809
Merit: 501
If you guys go full POS, it will do nothing for demand.  I don't know why that is so hard to understand.  Why do I want UTC suddenly because you are PoS? Why do I want to buy a coin that changes it's mind as to what it is every other month? 

The problem is this thread is full of bagholders trying anything to artificially boost the value of the coin with no regards as to what the perception of those actions will be.  Go to the parent of this thread and count how many PoS coins are on the front page and ask yourselves how those are doing.  How's mint?  How's Liberty?  How's Minerals, Sat2, Guerilla, Fire, Nxt, etc.  There are probably 50 more of them. 

But I'm sure you're all stuck on Blackcoin's success.  How about Whitecoin?  It's down 90% from PoW phase. 

You're just going to look flaky and desperate going full PoS.  It will be seen as manipulative by those not involved in the coin as it effectively gives bagholders all the leverage.  I seriously doubt it will raise demand, but I can see it completely killing it. 

+1 so well articulated
full member
Activity: 224
Merit: 100
Hello dudes!

Did you know BitcoinPoster.com?


You could put a logo of their coin there..   Smiley


Thankss



A decade ago, some kid got famous for selling ad space (by the pixel) on his website with his goal of reaching a million dollars.  don't remember the site.  But once it got news tractions, he was able to reach his goal.  this is a dead ripoff of that.  I'm not hating, just kind of jealous someone did something so derivative, and so simple, yet is still making a shitload off of it.  
hero member
Activity: 776
Merit: 557
Just been having a browse and noticed BTER have a voting system for new coins to be added - https://bter.com/voting - are we participating? We need the chinese market. I have requested they add UTC to their list.

Also on bitcoinwisdom they have alot of altcoins now listed but no UTC - can we ask them to add us?

Finally any idea when the big 'super-duper' mining rigs are getting delivered?


EDIT: they have emailed me to say they have added UTC to the voting
newbie
Activity: 36
Merit: 0
I've been looking, but I probably don't know the correct terms. Is there a way to convert the current UTC Net Hashrate and Difficulty to "scrypt" numbers?
full member
Activity: 181
Merit: 100
i wish these new owners wouldn't announce pre-news before news - this is one of the things that annoyed me about BF (just saying). And then leave us guessing for 4 days what the news could be. For future reference don't make announcements about future announcements. Just tell us when you have something to say

remember when everybody was yelling at bumface cuz he WOULDNT do that?

fun times


Indeed,  what or how you do.... it is never good enough.

Looks like my beloved girlfriend  Tongue
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