[ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 549.

nanoprobe

legendary

Activity: 980

Merit: 1000

Traveling in subspace

Quote from: red5standingby on February 27, 2014, 08:35:37 PM

FYI. My nvidia's came in today. Had to thank the ups man. It's 20 degrees outside now (south coast Mass), but 80 in my basement. I haven't run the heat all winter. I figure I have about 2 more months of mining in my basement. It's going to be an oven down there come spring. If the nvidia's work out, then it's fire sale of my amd's. Will keep you all posted on how the 750ti's run.

Been doing a little research on the new 750ti architecture and the power to kh/s rate looks very promising for regular scrypt so I'll be interested in seeing what you can get on scrypt-jane. Do your cards have a 6 pin power connector?
For your reading pleasure
http://cryptomining-blog.com/922-the-new-nvidia-geforce-gtx-750-ti-scrypt-mining-performance/

Jmattes

full member

Activity: 168

Merit: 100

Maybe we can hope for our coins back from CT tomorrow?

Kinda thought today... but....

Halofire

hero member

Activity: 938

Merit: 1000

@halofirebtc

i figured as much, just reporting my findings to you guys

nanoprobe

legendary

Activity: 980

Merit: 1000

Traveling in subspace

Quote from: Halofire on February 27, 2014, 08:42:11 PM

mintpal is being manipulated downward. i'm watching buys and sells and people retracting for last 12 hours. no volume and smaller orders as price declines, and the one or two bigger volume orders are daytraders. don't get suckered in. can't say for other exchanges. Also when I retract my order, POOF, the same order give or take a few utc or btc(not mine) keeps popping up much higher in the buy side, and when i place my order, the buy side order retracts. Fishy...

Bots

Halofire

hero member

Activity: 938

Merit: 1000

@halofirebtc

mintpal is being manipulated downward. i'm watching buys and sells and people retracting for last 12 hours. no volume and smaller orders as price declines, and the one or two bigger volume orders are daytraders. don't get suckered in. can't say for other exchanges. Also when I retract my order, POOF, the same order give or take a few utc or btc(not mine) keeps popping up much higher in the buy side, and when i place my order, the buy side order retracts. Fishy...

red5standingby

full member

Activity: 174

Merit: 100

I'm scrounging everything I can to make btc to provide buy support. Sinful I know but I have been trading utc in small amounts to make small profits, either utc or btc. Arbing was great yesterday between crypto-rush and mintpal. I've been concentrating on those two sites. The others are ok but seem to have stability issues. One silver lining is this is giving me time to become a much better trader. It's easy to make a killing when you throw up an 8000 ltc buy order like a whale did last nite on btc-e (I think WP1980). That's crazy talk. Now try making money when you are trading small tiny fractions of that. The more I use utc the more I understand how to move it quickly to make those trades and scoop a profit. When this, and I know it will, busts out I will be VERY GOOD at arbing the shit out of exchanges with this coin.

Ah grasshopper, snatch this pebble from my hand.

FYI. My nvidia's came in today. Had to thank the ups man. It's 20 degrees outside now (south coast Mass), but 80 in my basement. I haven't run the heat all winter. I figure I have about 2 more months of mining in my basement. It's going to be an oven down there come spring. If the nvidia's work out, then it's fire sale of my amd's. Will keep you all posted on how the 750ti's run.

anonblues

newbie

Activity: 17

Merit: 0

CoinMarketCap

39    UltraCoin    $ 805,080    $ 0.14    5,718,983 UTC    $ 2,418    -22.66 %

24 Hour Volume Rankings

82. UltraCoin (0.01 %)
Source   Pair    Volume (24h)    Price   Volume (%)
Poloniex   UTC/BTC    $ 1,323    $ 0.14    54.93 %
Crypto RushUTC/BTC    $ 1,085   $ 0.14    45.07 %
Total/Avg   $ 2,409   $ 0.14

Maybe this is hurting too, they haven't included the new exchanges.

Mintpal 24.530 BTC 24 hrs Volume
Poloniex 2.30355995 BTC 24 hrs Volume
CryptoRush 1.86573452 BTC 24 hrs Volume
CoinMarket 0.00
Swisscex 0.00
BinaryFund Down
CryptoTrade Down

So we are a 28.69929447 BTC = $16,358.60 USD (570 USD / 1 BTC)

Numbers speak for themselves.

loganha112

member

Activity: 80

Merit: 10

Look at mintpal, it's almost below .0002 Sad

dcgirl

sr. member

Activity: 448

Merit: 250

Guys - we need some buy support desperately at cryptorush, price is about to drop dramatically.

dcgirl

sr. member

Activity: 448

Merit: 250

Quote from: loganha112 on February 27, 2014, 07:57:05 PM

But what if I don't mine? What's my incentive to keep my coins when the value is dropping?

You have four choices (at least):

You can sell at market, if you think the price will keep dropping and never go back up.
You can hold if you think the price will go up.
You can sell at market and buy back lower to get more coins.
You can sell at a price you choose, and let the market catch up to you. If everyone sells higher than market, buyers will have to pay higher prices (or not buy).

I'm holding most of my coins, and selling some above market and buying lower. I believe the price will go up, especially when C-T refunds everyone's coins and money. The hardest thing to have in this business is patience. If you believe in UTC, you'll wait this out and try to make sure your position is better than before.

Protagonus

full member

Activity: 238

Merit: 100

Quote from: nanoprobe on February 27, 2014, 08:07:11 PM

Quote from: loganha112 on February 27, 2014, 07:57:05 PM

But what if I don't mine? What's my incentive to keep my coins when the value is dropping?

Good question that only you can answer for yourself. Sell now and sit on the sidelines or hold because you believe the coin will go up when all this CT stuff is cleared and if you believe it will go up you should be buying. To quote Kenny Rogers 'you got to know when to hold 'em, know when to fold 'em.' Grin

+1 lol I thought of that exact song too!

I guess the incentive to hold anything of value; is the perspective that it may be worth more in the future.

I'm not a trader and I don't like to give trade advice; so I could not recommend what you should do.

nanoprobe

legendary

Activity: 980

Merit: 1000

Traveling in subspace

Quote from: loganha112 on February 27, 2014, 07:57:05 PM

But what if I don't mine? What's my incentive to keep my coins when the value is dropping?

Good question that only you can answer for yourself. Sell now and sit on the sidelines or hold because you believe the coin will go up when all this CT stuff is cleared and if you believe it will go up you should be buying. To quote Kenny Rogers 'you got to know when to hold 'em, know when to fold 'em.' Grin

SxC

sr. member

Activity: 336

Merit: 250

Quote from: loganha112 on February 27, 2014, 07:57:05 PM

But what if I don't mine? What's my incentive to keep my coins when the value is dropping?

It will increase back to the lvl's it was before CT went down

If anything this is a great time to buy

loganha112

member

Activity: 80

Merit: 10

But what if I don't mine? What's my incentive to keep my coins when the value is dropping?

dcgirl

sr. member

Activity: 448

Merit: 250

Quote from: nanoprobe on February 27, 2014, 07:49:01 PM

Quote from: bcpete on February 27, 2014, 06:30:56 PM

poloniex trollbox now open....lol

Wonder if it will be like the one @ mcxNOW? Roll Eyes

Not working for me in FF. No comments, just a blank empty white window.

I have the same problem in FF, plus it won't let me log in. Think I'll stay on cryptorush and mintpal for now.

nanoprobe

legendary

Activity: 980

Merit: 1000

Traveling in subspace

Quote from: vizique on February 27, 2014, 06:04:44 PM

I would hope that those with a large amount of coins would actually spread them across exchanges.
Partly to mitigate risk and partly so arbitrage opportunities can be made.
Clever money would be made to work.
This way dumping is less worthwhile and prices can be maintained to a degree

It's the slick buyers that are keeping the price down. They sell 1-5 coins at a low price to panic the noobs into selling bigger quantities to them. Works most of the time.

SxC

sr. member

Activity: 336

Merit: 250

Quote from: loganha112 on February 27, 2014, 07:50:52 PM

How much is nfactor really going to change the price? I get the concept of it, but wont miners just stop mining because its harder?

Most will leave because the low hash some dont like to see it low and need to satisfy their epeen

But the diff will drop and we will get the same or maybe more coins with less hash thats how i see it anyway

Protagonus

full member

Activity: 238

Merit: 100

Quote from: SxC on February 27, 2014, 07:50:06 PM

Quote from: dcgirl on February 27, 2014, 07:44:22 PM

Quote from: Protagonus on February 27, 2014, 07:32:48 PM

Thanks for this. Question for you - do you know what's going on with promotions/giveaways? I was out for most of the day today, but seem to remember a request for donations to be used in promotions. Can you bring us up to date?

Think the guy emailed poloniex so guess we just wait for the update on it (forget who it was now )

Ye. Started here: https://bitcointalksearch.org/topic/m.5409285

I wasn't around earlier, so I'm not really up to speed on the status though.

loganha112

member

Activity: 80

Merit: 10

How much is nfactor really going to change the price? I get the concept of it, but wont miners just stop mining because its harder?

SxC

sr. member

Activity: 336

Merit: 250

Quote from: dcgirl on February 27, 2014, 07:44:22 PM

Quote from: Protagonus on February 27, 2014, 07:32:48 PM

Maybe to help here and possibly others.

I can, somewhat, say that large holders aren't moving coins to begin with. Most of the coin movement being sold is relatively small, though I suppose maybe a max around 5k. I suppose this period ends up being a good buying opportunity until more things get sorted out; to restore buy support and volume.
I am a bit saddened to see the price so low at the moment, but I understand traders are always looking to flip coins and make money. Most, if not all, of the "daily profit" miners are long gone; so the majority of miners would be holding I suppose. Myself included.

I keep track of coins a bit, cause i'm wierd like that. I do not get any feeling of panic, loss of confidience or mass selling from what I check on. In fact, overall things seem positive on that front. Of all the coins I watch; only 2 persons have less coins than a few days ago. Now I only watch about 66% of minted coins, as of this writing; so it's somewhat representative at best.

Anyway, Hopefully the liquidity issues with investors will get sorted out soon and things can be back on the road. Hodl strong UTC'ers!

On a side note: think about 16hrs until N change.....

Thanks for this. Question for you - do you know what's going on with promotions/giveaways? I was out for most of the day today, but seem to remember a request for donations to be used in promotions. Can you bring us up to date?

Think the guy emailed poloniex so guess we just wait for the update on it (forget who it was now )

Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 549. (Read 946656 times)