@CryptoTrain-net
I am just curious and want to understand.
The Multipool is up and running.
Already there are some miners who put there rigs on the multipool.
The multipool mines the most profitable coin.
Then those coins get sold.
Then UTC coins are bought back.
This trick must push the UTC price up.
But if I look at the price of UTC now I don't see a big difference.
What do I miss here ?
What do I not see ?
The problem is the multipool does not have anywhere close enough workers to make an impact yet. Upon having all 3 algorithms working perfectly and a high enough hashrate. The price will increase dramatically.
We are currently only buying 4000 UTC a day. Once that picks up, the coin itself will rise.
OK. Thanks, good answer.
Why do you think there are not enough workers that step in ?
Do they don't know about the multipool?
Is it to difficult to put workers on the multipool ?
Or is it the problem of temperature of summer for the cards at this moment now ?
Or is it some other problem ?
To be perfectly honest, The pool has only been around for a few days now and most people are very skeptical, Which is fair enough. I have been operating a series of pools for the better part of a year now and this is one of my first multipools that i have setup. I really do appreciate the support from the people that are currently miner there now, It really do help progress the development with the pool but since I am also a fan of UTC I am hoping it will help gain popularity for the coin and its community!
The temperature can be an issue sometimes, But if you tune down the intensity on your x11 mining, you card will not even rise about 52degrees Celsius.
The main issue is that most people are not too interested in mining Ultracoin as of yet. I get a lot of page views a day, but what most people do is instantly go to an exchange and check out the coins popularity. Which is an issue with the overall crypto community. But as soon as ultracoin starts reaching for the moon, the popularity will rise and so will the coins price! Look at PIGGY for example, as a POW coin PIG was useless because it offered nothing, But as soon as they axed it hard and made it a POS coin, Everyone is going ape shit.
Essentially, this coin will do really well, especially with the management strategies that are in place to help progress it, it just needs time