Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 706. (Read 946654 times)
February 07, 2014, 05:44:29 AM
0.0005 BTC now. Looking Good. !!!
February 07, 2014, 04:55:24 AM
WHY WOULD YOU SELL ON THE FIRST DAY?? UTC GOING TO $2
how you know?One way would be to compare parities (not party
) with a similar established coinLTC - 84m coin, 2:30 sec blocks, 50 coins, hashing factor Scrypt 1, current price $20.00 +/-
UTC- 100m coin, :30 sec blocks, 50 coins, hashing factor Scrypt Jane 0.75 +/-, current price $0.35 +/-,
So, (1.19 more coins
(1.19x5x1x0.75)/20=4.48
LTC peak of 50.00 +/- would approximate to a UTC parity value of; $11.20 for UTC
(1.19x5x1x0.75)/50=11.20
If we are to assume acceptance of the coin UTC; then $4.48 is entirely possible with LTC in 20 range. If we are to assume LTC goes up (which is to assume BTC will go up); then we can actually exceed Bumfaces' stated $10.00 target. His target is not unrealistic in any way. Obviously UTC, still very new and would need some time to reach parity price; so I'm not saying $4.48 UTC tomorrow or anything.
time will tell
Satoshi may have it explained it best a while ago;
Excellent analysis, xc.
A rational market price for something that is expected to increase in value will already reflect the present value of the expected future increases. In your head, you do a probability estimate balancing the odds that it keeps increasing.
In the absence of a market to establish the price, NewLibertyStandard's estimate based on production cost is a good guess and a helpful service (thanks). The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.
In later years, when new coin generation is a small percentage of the existing supply, market price will dictate the cost of production more than the other way around.
At the moment, generation effort is rapidly increasing, suggesting people are estimating the present value to be higher than the current cost of production.
A rational market price for something that is expected to increase in value will already reflect the present value of the expected future increases. In your head, you do a probability estimate balancing the odds that it keeps increasing.
In the absence of a market to establish the price, NewLibertyStandard's estimate based on production cost is a good guess and a helpful service (thanks). The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.
In later years, when new coin generation is a small percentage of the existing supply, market price will dictate the cost of production more than the other way around.
At the moment, generation effort is rapidly increasing, suggesting people are estimating the present value to be higher than the current cost of production.
All of these new altcoins follow this "absence of market" stage and hence "The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down."
Whereas BTC, LTC and a couple others have reached the "later years" period. With all the altcoins, you see many perpetually stuck in the early production cost / value stage and never get to a market driven stage. This is due, in part, to greedy devs and miners looking only at daily returns.
I do believe the parties involved with UTC plan to reach the market driven stage; as well, POS helps incentivize reaching the market stage too.
February 07, 2014, 04:51:10 AM
crypto-trade.com working again
February 07, 2014, 04:49:40 AM
online now.
February 07, 2014, 04:48:18 AM
February 07, 2014, 04:41:17 AM
anybody knows how to config 7950, help me please!
have 4x 7970 in my rigs, have a hashrate of ~600 KH/s each. mining with guiminer-scrypt 0.04 + scrypt-jane patch:
"cgminer.exe" --scrypt -u USERNAME -p PASSWORD -o HOST:PORT --gpu-platform 0 -d 0 -w 256 -v 1 -I 18 -g 1 -l 1 --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --gpu-powertune 20 --gpu-memclock 1690 --gpu-engine 1125 --gpu-fan 70 --thread-concurrency 12000
Where to get that scrypt-jane patch for guiminer? My cgminer began crashing constantly yesterday..
https://sites.google.com/site/rmdavidson/
u dont need that modivied miner from page 1. just download the patch "cgminer-3.7.2-sj-0.02.zip" from that site extract it in the original cgminer folder from guiminer-scrypt 0.04 and overwrite all files.
never had a problem and it runs better than with the modified ultracoinminer.
February 07, 2014, 04:15:37 AM
Utc reached 3Ghash yet?
Temporarily back below 2.
February 07, 2014, 04:15:18 AM
Come on guys we need an exchange that can handle our volume!
VOTE FOR UTC ON CRYPTSY: https://cryptsy.freshdesk.com/support/discussions/topics/75770
VOTE FOR UTC ON CRYPTSY: https://cryptsy.freshdesk.com/support/discussions/topics/75770
February 07, 2014, 04:10:33 AM
Utc reached 3Ghash yet?
February 07, 2014, 03:54:36 AM
crypto-trade.com
Internal Server Error
SQLSTATE[HY000] [2003] Can't connect to MySQL server on '198.144.121.36' (111)
hacked?
??
Internal Server Error
SQLSTATE[HY000] [2003] Can't connect to MySQL server on '198.144.121.36' (111)
hacked?
?? same
February 07, 2014, 03:50:44 AM
https://twitter.com/Crypto_Trade
"We're experiencing some server issues, but we're working on it and should be back up soon. Sorry for the inconvenience!"
"and don't worry about your coins. We're neither trading with Magic the Gathering cards nor on some governmental blacklist
"
"We're experiencing some server issues, but we're working on it and should be back up soon. Sorry for the inconvenience!"
"and don't worry about your coins. We're neither trading with Magic the Gathering cards nor on some governmental blacklist
"hahah good statement.
1 Ultracoin going BTC 0.001 today.
February 07, 2014, 03:48:43 AM
Internal Server Error
SQLSTATE[HY000] [1040] Too many connections
And sometimes it's "SQLSTATE[HY000] [2003] Can't connect to MySQL server on 'XXX.XXX.XXX.XX' (111)"
They said in their homepage that server is anti-ddos but can not handle clean high traffic
And it's also a bad idea to show error msg including internal ip to the public
SQLSTATE[HY000] [1040] Too many connections
And sometimes it's "SQLSTATE[HY000] [2003] Can't connect to MySQL server on 'XXX.XXX.XXX.XX' (111)"
They said in their homepage that server is anti-ddos but can not handle clean high traffic
And it's also a bad idea to show error msg including internal ip to the public
February 07, 2014, 03:44:24 AM
https://twitter.com/Crypto_Trade
"We're experiencing some server issues, but we're working on it and should be back up soon. Sorry for the inconvenience!"
"and don't worry about your coins. We're neither trading with Magic the Gathering cards nor on some governmental blacklist"
"We're experiencing some server issues, but we're working on it and should be back up soon. Sorry for the inconvenience!"
"and don't worry about your coins. We're neither trading with Magic the Gathering cards nor on some governmental blacklist
" February 07, 2014, 03:41:36 AM
Same here, crypto-trade seems to be down or hacked....
February 07, 2014, 03:40:30 AM
anybody knows how to config 7950, help me please!
have 4x 7970 in my rigs, have a hashrate of ~600 KH/s each. mining with guiminer-scrypt 0.04 + scrypt-jane patch:
"cgminer.exe" --scrypt -u USERNAME -p PASSWORD -o HOST:PORT --gpu-platform 0 -d 0 -w 256 -v 1 -I 18 -g 1 -l 1 --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --gpu-powertune 20 --gpu-memclock 1690 --gpu-engine 1125 --gpu-fan 70 --thread-concurrency 12000
Where to get that scrypt-jane patch for guiminer? My cgminer began crashing constantly yesterday..
Did you download the customized miner in Page 1?
Yes, i am mining with it since day 1, but now it crashes over and over again. So I want to try guiminer with this scrypt-jane patch.
February 07, 2014, 03:36:20 AM
anybody knows how to config 7950, help me please!
have 4x 7970 in my rigs, have a hashrate of ~600 KH/s each. mining with guiminer-scrypt 0.04 + scrypt-jane patch:
"cgminer.exe" --scrypt -u USERNAME -p PASSWORD -o HOST:PORT --gpu-platform 0 -d 0 -w 256 -v 1 -I 18 -g 1 -l 1 --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --gpu-powertune 20 --gpu-memclock 1690 --gpu-engine 1125 --gpu-fan 70 --thread-concurrency 12000
Where to get that scrypt-jane patch for guiminer? My cgminer began crashing constantly yesterday..
Did you download the customized miner in Page 1?
February 07, 2014, 03:35:36 AM
Hope it won't end up like FreshMarket 
I get both BTC and UTC there
I get both BTC and UTC there February 07, 2014, 03:34:09 AM
anybody knows how to config 7950, help me please!
have 4x 7970 in my rigs, have a hashrate of ~600 KH/s each. mining with guiminer-scrypt 0.04 + scrypt-jane patch:
"cgminer.exe" --scrypt -u USERNAME -p PASSWORD -o HOST:PORT --gpu-platform 0 -d 0 -w 256 -v 1 -I 18 -g 1 -l 1 --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 --gpu-powertune 20 --gpu-memclock 1690 --gpu-engine 1125 --gpu-fan 70 --thread-concurrency 12000
Where to get that scrypt-jane patch for guiminer? My cgminer began crashing constantly yesterday..
February 07, 2014, 03:32:35 AM
crypto-trade.com
Internal Server Error
SQLSTATE[HY000] [2003] Can't connect to MySQL server on '198.144.121.36' (111)
hacked???
Internal Server Error
SQLSTATE[HY000] [2003] Can't connect to MySQL server on '198.144.121.36' (111)
hacked?
?? same
February 07, 2014, 03:31:12 AM
crypto-trade.com
Internal Server Error
SQLSTATE[HY000] [2003] Can't connect to MySQL server on '198.144.121.36' (111)
hacked???
Internal Server Error
SQLSTATE[HY000] [2003] Can't connect to MySQL server on '198.144.121.36' (111)
hacked?
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