[ANN] Ʉ Umbrella | Insured Cryptocurrencies | Umbrella-LTC | Litecoin Insurance - page 9.

Umbrella Holdings

sr. member

Activity: 630

Merit: 252

Quote from: ?? on ??

Quote from: milesbitcoin on July 28, 2014, 11:17:12 AM

Quote from: ?? on ??

Quote from: omgbossis21 on July 28, 2014, 10:56:12 AM

.028xx coin with .87mhs....

I rented 200MH and had 5 coins in half an hour Tongue

I managed to grab 5 blocks solo, before the pools came online. Plus had 7 Blocks from the last launch coming my way. So really hope this coin trades at a good rate.

If you dump before the massive incoming "insurance" dump lol

Insurance funds will be setup using POL software. Wallet can be monitored.

milesbitcoin

newbie

Activity: 56

Merit: 0

Quote from: ?? on ??

Quote from: omgbossis21 on July 28, 2014, 10:56:12 AM

.028xx coin with .87mhs....

I rented 200MH and had 5 coins in half an hour Tongue

I managed to grab 5 blocks solo, before the pools came online. Plus had 7 Blocks from the last launch coming my way. So really hope this coin trades at a good rate.

LuckyBtc

legendary

Activity: 1288

Merit: 1012

Quote from: zxbball on July 28, 2014, 11:08:27 AM

how Merge-Mined with ltc Huh

There's no pool setuped yet.Hope there will for other U-Coins.

Badman0316

hero member

Activity: 569

Merit: 500

"networkhashps" : 58472940 Roll Eyes

zxbball

sr. member

Activity: 311

Merit: 250

how Merge-Mined with ltc Huh

omgbossis21

sr. member

Activity: 336

Merit: 250

Wonder how many blocks before insurance isn't getting half the coins. By then diff will be so high and block time up probably pull the gpus off it.

MineP.it

full member

Activity: 182

Merit: 100

Quote from: coa032 on July 28, 2014, 11:05:00 AM

Quote from: ?? on ??

Quote from: omgbossis21 on July 28, 2014, 10:56:12 AM

.028xx coin with .87mhs....

I rented 200MH and had 5 coins in half an hour Tongue

+1
Diff is rising fast...it is hard to mine now.

Come back in a couple hours when the initial hype has died down a bit

coa032

hero member

Activity: 602

Merit: 500

Quote from: ?? on ??

Quote from: omgbossis21 on July 28, 2014, 10:56:12 AM

.028xx coin with .87mhs....

I rented 200MH and had 5 coins in half an hour Tongue

+1
Diff is rising fast...it is hard to mine now.

omgbossis21

sr. member

Activity: 336

Merit: 250

.028xx coin with .87mhs....

Umbrella Holdings

sr. member

Activity: 630

Merit: 252

Quote from: omgbossis21 on July 28, 2014, 10:46:18 AM

Insurance taking 1/2 the earnings? 5 coins per block + rising difficulty this coins for the asic's.

The insurance portion halves, it's not always a 1:1 ratio. This coin most likely will belong to ASIC given it's algo..? We are working on other coins that are ASIC resistant.

Thank you,

omgbossis21

sr. member

Activity: 336

Merit: 250

Net Hashrate

0.02 GH/s

okay got it

omgbossis21

sr. member

Activity: 336

Merit: 250

Insurance taking 1/2 the earnings? 5 coins per block + rising difficulty this coins for the asic's.

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: omgbossis21 on July 28, 2014, 10:41:53 AM

Quote from: MinermanNC on July 28, 2014, 10:40:01 AM

Yes HC miners is rocking some ULTC!!!!! YEAH Wink

almost 10GH already and climbing.

Good job HC and DEV!!

11,685.67 MH/s Not GH

1 TH/s = 1000 GH/s

1 GH/s=1000 MH/s

Umbrella Holdings

sr. member

Activity: 630

Merit: 252

Quote from: chisefu on July 28, 2014, 10:40:14 AM

Quote from: ?? on ??

Please don't fear, Hardcoreminers is here!

Added pool for Umbrella-LTC:
http://ultc.hardcoreminers.com

- DDOS Protected
- Reachable through SSL for enhanced security
- Powerful dedicated servers

Please don't fear, Hardcoreminers is here!

In the mean time, rent some rigs to get the coins!
Miningrigrentals
Leaserig

I recommend mining here, I still can't get it to compile on http://new.chickenstrips.net

Did you pull that latest source from github? Not sure what the issues are, PM me with more info and I'll try and troubleshoot with you.

Thanks

MinermanNC

legendary

Activity: 2198

Merit: 1000

Its all good as we all earn same share amount anyways, 5

thcmakaveli

sr. member

Activity: 252

Merit: 250

Quote from: Umbrella Holdings on July 28, 2014, 10:40:51 AM

Quote from: omgbossis21 on July 28, 2014, 10:39:06 AM

why is the reward 5 instead of 10?

Insurance fund. Look at the original Ann thread for more information.

Quote

How does it work? In a nutshell, Crypto-Asset Backed Insurance or (CABI) is what makes Umbrella possible with no premium required from the exchange or miner. A portion of Umbrellas block reward is automatically allocated into an insurance fund as it is mined. The insurance block reward is set to decrease geometrically, with a (TBD)% reduction rate, every (TBD)# of blocks. The CDIC will use proprietary algorithms to calculate the decreasing insurance allocation block reward/rate or (diaBR/r). A byproduct of reducing the insurance block reward is an increased reward, for standard blocks. One of the models used for calculating the (diaBR/r) is a modified Monte Carlo Method (VaR) or Value-at-Risk measure algorithm. This algorithm factors in the historical data of failed exchanges, the amount of Umbrella holdings per exchange, and it’s distribution on the network. Unlike the Greeks, duration and convexity, or beta, which only pertain to certain asset classes, value-at-risk is general. This generality makes it suitable for our application. These metrics will yield the rate at which insurance block rewards are generated and halved.

Bullshit !

Clearly seen, Pump and Dump !

omgbossis21

sr. member

Activity: 336

Merit: 250

Quote from: MinermanNC on July 28, 2014, 10:40:01 AM

Yes HC miners is rocking some ULTC!!!!! YEAH Wink

almost 10GH already and climbing.

Good job HC and DEV!!

11,685.67 MH/s Not GH

Umbrella Holdings

sr. member

Activity: 630

Merit: 252

Quote from: omgbossis21 on July 28, 2014, 10:39:06 AM

why is the reward 5 instead of 10?

Insurance fund. Look at the original Ann thread for more information.

Quote

How does it work? In a nutshell, Crypto-Asset Backed Insurance or (CABI) is what makes Umbrella possible with no premium required from the exchange or miner. A portion of Umbrellas block reward is automatically allocated into an insurance fund as it is mined. The insurance block reward is set to decrease geometrically, with a (TBD)% reduction rate, every (TBD)# of blocks. The CDIC will use proprietary algorithms to calculate the decreasing insurance allocation block reward/rate or (diaBR/r). A byproduct of reducing the insurance block reward is an increased reward, for standard blocks. One of the models used for calculating the (diaBR/r) is a modified Monte Carlo Method (VaR) or Value-at-Risk measure algorithm. This algorithm factors in the historical data of failed exchanges, the amount of Umbrella holdings per exchange, and it’s distribution on the network. Unlike the Greeks, duration and convexity, or beta, which only pertain to certain asset classes, value-at-risk is general. This generality makes it suitable for our application. These metrics will yield the rate at which insurance block rewards are generated and halved.

chisefu

hero member

Activity: 602

Merit: 500

Quote from: ?? on ??

Please don't fear, Hardcoreminers is here!

Added pool for Umbrella-LTC:
http://ultc.hardcoreminers.com

- DDOS Protected
- Reachable through SSL for enhanced security
- Powerful dedicated servers

Please don't fear, Hardcoreminers is here!

In the mean time, rent some rigs to get the coins!
Miningrigrentals
Leaserig

I recommend mining here, I still can't get it to compile on http://new.chickenstrips.net

MinermanNC

legendary

Activity: 2198

Merit: 1000

Yes HC miners is rocking some ULTC!!!!! YEAH Wink

almost 10GH already and climbing.

Good job HC and DEV!!

Topic: [ANN] Ʉ Umbrella | Insured Cryptocurrencies | Umbrella-LTC | Litecoin Insurance - page 9. (Read 42583 times)