Wait a second.. So the devs are controlling all the pools, and the client for solo mining?
That concerns me greatly. So theoretically, there could be an "optimized" client out there and a "normal" release version? Please explain.
Topic: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! - page 841. (Read 946658 times)
January 16, 2014, 04:00:44 PM
January 16, 2014, 03:53:37 PM
So you will provide a list of pools exactly at time of launch? It would be nice if the information is available at least an hour before launch so everyone can start at the same time but I guess no big deal. Hopefully, you can recommend only pools that are legit because apparently there have been a lot of scamming going on with pop-up pool owners. Would make your coin more legit to start with only known reliable pool operators.
we will endorce only official pools with our own software, unofficials pools are not reccomended, since we have no affiliation with them, multiple people have contacted us regarding making a pool, and we will select a few , and distribute our custom software to them.However we cant do this at once with every request , since we need to maintain control to prevent 51% attack....so we will gradually add more if needed.
we will launch with at least 2 official pools, and it is highly reccomended to sign up with one of these 2 (unless you wish to solo mine offcourse, which is also fine)
January 16, 2014, 03:49:04 PM
So you will provide a list of pools exactly at time of launch? It would be nice if the information is available at least an hour before launch so everyone can start at the same time but I guess no big deal. Hopefully, you can recommend only pools that are legit because apparently there have been a lot of scamming going on with pop-up pool owners. Would make your coin more legit to start with only known reliable pool operators.
January 16, 2014, 03:26:38 PM
I'm kind of new to altworld. Can someone explain to me, will there be a list of pools I can connect to or does this have to be solo-mined? Will the GPU miner be available exactly at time of launch or a few hours before launch so everyone can be prepared to launch at the same time?
directly on launch there will be official pools with custom software that is being finalised as we speak. This will include custom a custom api connection to our website relaying real time statistics.
Solo mining will also be possible.
We are working hard to realese miners on all platforms.We are still looking for a Mac specialist!
January 16, 2014, 03:24:32 PM
I'm kind of new to altworld. Can someone explain to me, will there be a list of pools I can connect to or does this have to be solo-mined? Will the GPU miner be available exactly at time of launch or a few hours before launch so everyone can be prepared to launch at the same time?
January 16, 2014, 12:32:26 PM
1.6 Million UTC or 800BTC at .00005BTC a piece? LOL
I think you mean 80 btc, math off much.....
January 16, 2014, 11:42:30 AM
Please be so kind and share more details about PoS other than 3 letters in OP.
Lol, true. I don't understand that either.
to be more exact, ultracoin is a hybrid proof-of-work/proof-of-stake coin, whereby active nodes are involved in the mining of blocks if they hold utc.
this will give a strong incentive to a. hold coins and b. be an active node (e.g. have wallet open/running) on the network.
this means that, under certain circumstances, you may accrue 20% proof-of-stake interest per year on the coins you own.
a good source for more information is https://en.bitcoin.it/wiki/Proof_of_Stake
January 16, 2014, 10:38:56 AM
mac wallet is not syncing 
wallets have not been distributed, what are you talking about?
January 16, 2014, 10:38:14 AM
mac wallet is not syncing why why why
why why why 
January 16, 2014, 10:11:15 AM
Please be so kind and share more details about PoS other than 3 letters in OP.
Lol, true. I don't understand that either.
January 16, 2014, 10:08:56 AM
Please be so kind and share more details about PoS other than 3 letters in OP.
I understand that lots of people here are willing to buy big in a bag, but there are also many of us, who want to be sure that this pig is pink and healthy, before we invest our time and money in it.
I understand that lots of people here are willing to buy big in a bag, but there are also many of us, who want to be sure that this pig is pink and healthy, before we invest our time and money in it.
January 16, 2014, 09:56:50 AM
when a sentance starts with IF, that means that whatever i said is about that specific scenario. my real priority means, for this stage in our plan.i dont take accepting BTC lightly, so our concern at this point is making sure, stakeholders make a profit,since we are directly responsible for them...
when a person buys UTC at a certain point and sells at another point, i am not directly responsible for their gain or loss.A smart trader will come out of a chrash un scaved,while a panic seller makes loss.
UTC will be a great succes but i wont make you a better trader, even bitcoin cant do that for you.
when a person buys UTC at a certain point and sells at another point, i am not directly responsible for their gain or loss.A smart trader will come out of a chrash un scaved,while a panic seller makes loss.
UTC will be a great succes but i wont make you a better trader, even bitcoin cant do that for you.
January 16, 2014, 09:54:33 AM
why not limited people's maximum number on the presale？
such as no more than 3000? or 0.1 btc?
such as no more than 3000? or 0.1 btc?
actually, ultracoin incorporates proof-of-stake code, as stated in the first post.
@keepwalking1234; pretty obvious. Wouldn't want 533 people all having the same chance of a coin reward now would we?
Better, to have 10 or so coin holders to know for sure who gets the coins.
Then each holder (10) divide's coins among 10 wallets each; tag all the stakeholder coins as anonymous on the website and it would appear that there's 100 different holders.
I assume we will see something like this for the initial purchasers. Gives comfort to those unaware, while maintaining control of reward.
On a side note:
....
And if every stakeholder decided to dump then the price will fall to its real value, and then we can move on in steady growth.My real priority is that those people get their investment back and make some profit, because i feel responsible for their BTC. When that is done then i can feel at ease and a healty market can form.
And if every stakeholder decided to dump then the price will fall to its real value, and then we can move on in steady growth.My real priority is that those people get their investment back and make some profit, because i feel responsible for their BTC. When that is done then i can feel at ease and a healty market can form.
I vote this to be the worst and most damming sentence a Dev has ever made, in regards to their own coin. Just wow!
So your main concern is that the pre-sale purchasers get to dump their coins and make profit!? Then, and only then, a healthy market with real price can form?!
Surely I'm missing something here, right?
January 16, 2014, 09:06:43 AM
The direct BTC POS seems innovation to me 
Yes. That way they will not walk out empty handed if lauch goes bad like many other alts before. Simple and effective way to get some money guaranteed.
yeah we are not whales, we needed this guarantee.before this project i had 0.999 btc and 140 ltc.and i still had to pay off 2200 euro for the alpha scrypt asic (+tax and shipping)......
We needed to get btc right at the strart, my personal UTC selling goal is 10 dollars , and now i can wait 5 years if i have to.
also, we have some bitcoin extra now, so if there is a sudden expense in the future for UTC, we can take care of it immediately.
so when you see a new coin with this in the announcement "ABSOLUTELY NO PREMINE!!!"
, also realise they dont have a single cent when something goes wrong.and sometimes they just put a gpu farm on their own coin right after they launch......(i have 1x msi r7950 and ziggy has 2 gpus or something)
I have nothing against what you do. It just that using PoS word for sold premine isnt exactly correct. Its still simple PoW coin. There is no direct interest payd from stake. Just a pure speculation that coin demand will be big enough to overcome supply and coin will be worth more than initial invested capital. Thats not PoS concept, thats lottery.
actually, ultracoin incorporates proof-of-stake code, as stated in the first post.
January 16, 2014, 08:51:26 AM
thank you!, they look great, we are goin to discuss them with our team and get back to you asap
January 16, 2014, 08:46:02 AM
January 16, 2014, 05:34:09 AM
The direct BTC POS seems innovation to me
Yes. That way they will not walk out empty handed if lauch goes bad like many other alts before. Simple and effective way to get some money guaranteed.
yeah we are not whales, we needed this guarantee.before this project i had 0.999 btc and 140 ltc.and i still had to pay off 2200 euro for the alpha scrypt asic (+tax and shipping)......
We needed to get btc right at the strart, my personal UTC selling goal is 10 dollars , and now i can wait 5 years if i have to.
also, we have some bitcoin extra now, so if there is a sudden expense in the future for UTC, we can take care of it immediately.
so when you see a new coin with this in the announcement "ABSOLUTELY NO PREMINE!!!"
, also realise they dont have a single cent when something goes wrong.and sometimes they just put a gpu farm on their own coin right after they launch......(i have 1x msi r7950 and ziggy has 2 gpus or something)
I have nothing against what you do. It just that using PoS word for sold premine isnt exactly correct. Its still simple PoW coin. There is no direct interest payd from stake. Just a pure speculation that coin demand will be big enough to overcome supply and coin will be worth more than initial invested capital. Thats not PoS concept, thats lottery.
January 16, 2014, 04:15:38 AM
The direct BTC POS seems innovation to me
Yes. That way they will not walk out empty handed if lauch goes bad like many other alts before. Simple and effective way to get some money guaranteed.
yeah we are not whales, we needed this guarantee.before this project i had 0.999 btc and 140 ltc.and i still had to pay off 2200 euro for the alpha scrypt asic (+tax and shipping)......
We needed to get btc right at the strart, my personal UTC selling goal is 10 dollars , and now i can wait 5 years if i have to.
also, we have some bitcoin extra now, so if there is a sudden expense in the future for UTC, we can take care of it immediately.
so when you see a new coin with this in the announcement "ABSOLUTELY NO PREMINE!!!"
, also realise they dont have a single cent when something goes wrong.and sometimes they just put a gpu farm on their own coin right after they launch......(i have 1x msi r7950 and ziggy has 2 gpus or something)
January 16, 2014, 03:17:40 AM
The direct BTC POS seems innovation to me
Yes. That way they will not walk out empty handed if lauch goes bad like many other alts before. Simple and effective way to get some money guaranteed.
January 16, 2014, 02:15:34 AM
1.6 Million UTC or 800BTC at .00005BTC a piece? LOL
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