Topic: [ANN] Unbreakablecoin (UNB) | SHA256 - Over 3x Bigger then Bitcoin | No Premine - page 32. (Read 134947 times)

I stacked it deep; let's see them try to run the 7s and the 3s.  lol

UNB block reward halving at 800,000 blocks - reward halves to 25 UNB per block...
Current Block = 46181 - https://www.blockexperts.com/unb
iSpace Current network graph hashrate = about 250TH, although i'm sure thats spose to say 2.5TH or 2,500GH... I can't believe were running at 250GH, so, er, yeah...

BTC reward halving every 210,000 blocks - first 210,000 blocks reward halves to 25 BTC = done...next halving = 420,000 blocks - reward halving to 12.5BTC per block...

http://www.bitcoinwatch.com/

current block = 419,711
420,000 - 419,711 = 289 blocks left
Blocks last 24h = 133
Blocks avg. per hour = 5.54

1 block every 10 mins, so 6 blocks per hours...
6 x 24 = 144 blocks per day

Bitcoins sent last 24h = 2,479,958.40 BTC
Transactions last 24h = 217,125

as much happening as there isn't...

Try these maths instead...again, as long as they are correct...

Difficulty = 6241314.06281 ( 6M )
Hash Rate = 25TH / 25,000GH
Exchange Rate (whatever) = $1.0 / £1.0

per Day   2014.42561362 BTC   $2014.43
per Week   14100.97929534 BTC   $14100.98
per Month   61314.07961455 BTC   $61314.08

50 UNB per block x 2016 blocks = 100,800

100,800 / 2014 ( 25TH ) = 50.04965243296922 days
100,800 / 4028 ( 50TH ) = 25.02482621648461 days
100,800 / 8056 ( 100TH ) = 12.5124131082423 days

Pick the one you think it could be...or continue going until you can...then perhaps cry even harder cos if that amount of hashrate leaves as quickly as it appears, I reccon UNB will be screwed...it went from like 50TH down to 2TH last time if I remember what I read correctly...this means the difficulty after the next 2016 blocks will probably end up being higher, like double if not more, than what it is already at now, so thus it gets more expensive to run...50 down to 2, 100 down to 4, or even 2, so 3 block a day goes to 1.5, or 1 block a day goes to 1 block in 2 days...after every pump and dump it will probably need more hashrate to stay running, even at the smallest rate...so either the coin valuation has to increase, or everyone has to just suck up extra costs, or not moan about the massive transaction time delays...which is what is basically happening now...UNB, the slowest payments infrastructure in the world?

is this gonna be the quickest pump and dump in history?

good luck with that one...again, unsustainable as far as I can see...


EDIT - Maths adjusted...actually wasnt really that much different anyway...cheers...

Sonix7, if you're right and pools or whatever are gonna run this coin up in the next few weeks then I'll owe you a big favor. 

And as far as doing something good with the profits, I have some things to pay for but I hope to put a big chunk of it in something good for the entire crypto community.  Maybe even resulting in the elimination of many scamcoins, seeing how much they annoy you.

That said, I really believe Blasko and UNB are legit which is why I invested in UNB.  I am a long term holder although I would sell lots of what I currently hold for that other project which absolutely has to get done ASAP.  Thanks again for all your input [and the other guys as well], you're a Godsend! 

Bahahaaaaaaa.  I wish Voxels were paying me for this.  And this isn't a shitcoin, you're obviously not smart enough to look a bit closer at it all.

So tell me why would Jim pay 1,000 times more for UNB coins when he could have quietly accumulated like it has been done this past year+?

The hash power ok, I think he even said he was throwing that at it but it makes no sense to overpay in such a ridiculous manner unless you have a plan or you're just nuts.

Tertius993 - you are a frickin legend !!! cheers !!!

if my maths is correct...

current difficulty = 24965256.25122045 ( 24.9 M )
so, 24965256.25122045 / 4 = 6241314.062805113 ( 6.24 M )

alloscomp calculator - https://alloscomp.com/bitcoin/calculator

Difficulty Factor = 6241314.06281
Hash Rate = 7.0 GH
Exchange Rate (obviously not correct, dunno what it is, not what I'm interested in...) = $1.0 ( £1.0 same difference )
( BTC / UNB - same difference )
per Day   0.56403917 BTC   $0.56
per Week   3.94827420 BTC   $3.95
per Month   17.16794229 BTC   $17.17

ok...so, looking at the per day mined amount, this in theory is either the average amount you would mine though a pool per day, or, again in theory, the average amount it would work out to be per day if you mined a block solo mining with just 7GH, however long that would take...

This obviously does not take into consideration things like what we have just seen, and if that was anything to go by, there is no way the next 2016 blocks will be slowly mined, and then it's just back to where we are again now for the following 2016 blocks...

now...

1 - this is completely unsustainable for the future the way it currently is...
2 - the only way forward to get around this is to run pools, and perhaps more pools from those pools, but every centralisation obviously removes decentralisation...otherwise were back to the deepest pockets with the most
     amount of hashrate...basically a cross between a pump and dump and a ponzi scheme...
3 - the choice in ASIC kit, especially new ASIC kit, is fairly pathetic really, especially again considering what we just saw, so unless the masses can cpu / gpu mine, or get ASICS and not break the bank, you cant mine UNB
     or BTC properly anymore, so that is really the biggest limitation unfortunately...plus greed means that most people will only stop when it's too late - print your currency into the history books...
4 - UNB is prime for pump and dump, and until something changes, that's exactly how it's gonna stay as far as I can see...yes, this is depressing...
5 - Even more serious though is the BTC block reward halving from 25 BTC to 12.5 BTC per block, happening sometime in next 2 days - there is gonna be a flood of ASIC miners, just like me, but prob with more hashing
     power and a lot less morals, all looking to pump the pants out of UNB and anything else that seems worth it...as far as I can see anyway...

I can't honestly see now why I would want to be involved in UNB, or really any other crypto, if this is all that happens...UNB to me was the best of the SHA256 coins, and looked like it had potential for so much more than just trying to make some money...its easy to buy from an exchange, but thats not really being part of it unless you do something good with the end result to add overall value...something other than just pay the bills incurred...I still have a large amount of ASIC hashing power compared to what you can get from GPU / CPU miners - I shouldn't have to buy UNB from an exchange...

I realised earlier...its convenient that, say, just over 50 blocks were mined in one go with iSpace, and that just so happens to be the same amount of blocks needed to get enough confirmations to get a payout, excluding fees etc...I reccon this semi-silent pump and dump has been going on a bit longer than just now in varying degrees...not to mention whatever then happened on the exchange etc...

Great intentions, bit of a joke in the end...I reccon...get ready for the pump, then the dump, and back to however long to mine the next 2016 blocks...but I could be wrong...anything is possible really...it could even go to ultimate bubble and possibly never return to that value...a week ago UNB looked half dead...now this is what I imagine its like to be on crack...theres always an ending...either a comedown or a death...

Not that I give advise, but I reccon that anyone that isn't in for the long term should use this coming pump to get out and not buy into the dump, even at the very bottom, cos I can't see any short term return after this for a long time...I'm never always right, but more often than not, when I am, its something that generally sucks...hope for the best, plan for the worst...best of luck everyone...sometimes the few spoil it for the many...

Cheers !

The same guy? You mean Jim who's name is all over the iSpace pools, as well as the sly admission towards renting the hash? Any reason you haven't noticed the glaring obvious?

Probably got paid well from Voxels and decided to tend to his little shitcoin.

If the next difficulty is going to be only 25% of the current difficulty then why the fuss?  As far as fair distribution goes, UNB has been ridiculously cheap nearly its entire existence and for most of that time it has had very little hash power mining it so most people out there could have mined it or bought it for a few dollars per day.

Just to be clear on one thing, at this point irrespective of how much hash someone points at UNB the next diff change will be as large as it possibly can be.

Difficulty re-targeting is meant to happen every 7 days (2016 blocks) - but the blocks have been so slow that the last difficulty re-target happened on 1 March 2015, over a year ago.

UNB follows the BTC model and difficulty re-targeting is constrained to a maximum of x4 or /4 - and because this period has already been so long even if the last 200 blocks were run off in less than a minute the difficulty re-target would still be to one quarter of the current difficulty.

That was a sobering post, Sonix; what can I say, you're right.  I'm trying to stay positive here and hope whoever ran up the whole book yesterday has a plan.  Maybe same guy who threw 24TH at it. 

... In my opinion, respectful, responsible & sustainable hash rate is what UNB needs - yesterday was a hashrate hit and run, nothing more, nothing less, and is of really no benefit to the network long term... I'm fairly sure I could do a blockchain, node and hashrate attack all in one go, and completely roll back the blockchain to a few days ago, if I really wanted to, just to show that everyone can be clever, but it is how you do what as to if that is of benefit or hinderance...but I'm not like that...that amount of hashrate should have been spread over a few days, and I'm sure would have gone less noticed, and have been of more benefit to everyone...and considering this should be follow by example, none of this is a good example for others to follow...let alone get involved with...

MilkandPie4U, thanks for turning on your full node again, although, either we just lost a full node aswell, or your full node is not accepting connections back in, which actually means that it is a drain on the network and is not adding additional decentralisation that the network so badly needs...I could be wrong though...cheers anyway... - http://www.zpool.ca/explorer/peers?id=1446

I think the thing that narks me the most is that Jim, you hadn't been on here since I joined, and I appreciate your busy, but its like the first whiff of something good and your straight there with an s tonne of hashrate, which makes it seem like its "all for one and everyone for themselves" - of all the people to do this, I really didn't expect it from you, so I think, considering anyone else could do what you did, you owe the entire community an apology for making UNB look like a top down ponzi scheme yesterday...theres whatever intentions, good or bad, then there how you go about it...anything that has value behind it, however small or large, also has responsibility, and the more people involved, the greater the responsibility to do the right thing for everyone...now, if the funds gained were actually used as payment from a pool server payout wallet, to help combat 50 to 120 block confirmation times so people could actually get a payout in a decent amount of time, that would be a good counteracter...that would be better than just ending up in storage or sold on an exchange...do the ends justify the means...robin hood - rob the rich to give to the poor...

I apologise if my views aren't the same as others, but of all the people involved in UNB, I'm fairly sure I have the most to gain, and the least to loose...

I also apologise for turning off my 2 full nodes and putting the overall network at risk...it isn't anymore moraly acceptable that one person should be able to control the network in hashrate than it is for anyone else to be able to control the network through the number of nodes...if UNB was BTC, yesterday would have been an absolute field day for the press, with yet another claim that BTC is now dead - the difference is that BTC can survive it - I very much doubt UNB could survive too much of that sort of thing, so every effort should be made to benefit and not hinder UNB in every way possible...

I will update if I decide to turn my nodes on again, but, like Jim said, everything has running costs...if only it was money for nothing and drugs for free..but it ain't so we just gotta do the best we can with what we got...some poeple just have more of some things than others...this factor really should never be used completely to you own advantage, otherwise is just robbing from everyone to benefit yourself...

"if you got all the currency in the world, it's probably worthless by that point, cos you got it all"...

Cheers !

WHAT?!??!??

The ENTIRE book got bought up, like entirely.  When I said I was planning to buy it up I was thinking up to around 7500 sat.

That's not what happened, somebody bought EVERYTHING!!!  It went as high as 355,800 sat, eclipsing the previous high of just over 80k sat.

Yeah, that's not normal so what gives?!??

Sonix7, you called that one, the entire book to 15,000 sat got bought up.  Funny thing is, in a few days I was planning to buy it all up.  lol.

Let's see what happens now cause we're only about 8.5 BTC away from hitting an all-time high which may be another thing you were right about.  I really think UNB is a legit coin with great potential, I hope other investors notice as well.

Thanks 

I am turning my UNB full node back on for support.
  

I can tell you difficulty will gown down soon. It's been a year since the last change. After that I'll turn the mega hash off. No one said all this hash is permanent. It's quite expensive :-)

Also on the price surge today, looks like someone bought everything that was for sale on Cryptopia, driving it up in value quite fast.

With under 2.5 million coins floating around there simply isn't much available. From my understanding, Cryptsy took down over 300k UNB with them.

Actually, you know, my above edit really deserves a seperate post, so here it is again in case you missed it first time...

EDIT - Obviously the overall point I was also making is that 49 blocks x 50 UNB = 2,450 new UNB generated today, minimum... - How much is not enough, and how much is too much - everything is relational...there are still only 4 full nodes running... lets all run on empty and see how far the network goes...look at the bigger picture...without full nodes, UNB is completely worthless...irony at its best and worst, considering everything today...Im not suggesting, but you could prob do a 51% node attack for like £8 if not less...if you really wanted to...how may UNB do you hold, and how much value do you place in them...
0 / 2 = 0 Smiley ...seriously, this needs sorting more urgently than any hash rate increase...I'm sure I'm not the only one on the ball...I'm definitely no the only one to be able to sort this...it's ok, we'll all just rely on someone else to do whatever and hopefully it'll be alrite, yeah...good luck with that one...

ok, so lets do some calcs to back up why I have the hump, and how ridiculous today really has been...

last block found on iSpace is block 45,980, and I don't have my wallet running anymore, so lets assum that is the latest block, so in thoery the next block to be mined should be block 45,981...

next 2016 block = 46,368

46,368 - 45,980 = 388 blocks until difficulty change...

on 2nd july 2016, the last block found was 45,885...

In 4 days 95 blocks have been found, and this should be 288 blocks per day total, so obviously 95 in 4 days isn't that much...

( 60 / 5 = 12 x 24 = 288 blocks per day total )

The problem is that I think today went far to far...I don't have exact figures, but according to the block explorer - https://www.blockexperts.com/unb - in just 7 hours we went from block 45,931 to block 45,980 - thats 49 blocks - and I know we did that many in the first half of today, so of the last 95 blocks in the last 4 days, at least half of them, if not most of them, were mined today...

What really matters now is the total length of time its taken to mine this set of 2016 blocks, what the average block mine time really works out to be over this total time period, and obviously how long its gonna take for the last 388 blocks to be mined...

Also, 6 days ago, there were 495 blocks left of the 2016 to mine, so that means that 107 blocks have been mined in 6 days, with at least 49 today, so 107 - 49 = 58 / 5 = 11.6 blocks average, which is completely wrong as it was about 3 blocks a day, but either way, today as many blocks were mined minimum as were mined in the last 5 days, if my maths guestimations are correct...

example:-

3 + 2 + 5 = 10
5 + 2 + 3 = 10
7 + 2 + 1 = 10

what we had today would be the equivalent of :-

3 + 2 + 57 which obviously does not equal 10.

If the total time of blocks mined works out to be more than:-

60 / 5 = 12 x 24 = 288 blocks a day
2016 / 288 = 7 days total

...then the difficulty goes down.

if it works out at less, then the difficulty goes up...

The question is, how quickly, on average, were all 2016 blocks really mined...its not 7 days, but is it enough to actually make the average go down...so thus the difficulty go down, to a level that will actually enable the "Average Joe" to be able to make something without massess of hashing power...even through a pool...

These answers, I'm sorry, I do not know...But if anything in the past has been anything like today, I really don't know how low the difficulty will be compared to something sustainable and mathmatically feasible to at least a small ASIC miner, if not a GPU miner...or is it really true that selfish mining spoils it for everyone in the end...and the days of home mining are over...

These days come, these days go, unfortunately, but its the frequency and severity that, overall, will be the deciding factor if UNB really is for the masses, or just a great pump and dump play toy for those with the deepest pockets, the least amount of morrals, and the hashing power to back it up...

Cheers !

EDIT - Obviously the overall point I was also making is that 49 blocks x 50 UNB = 2,450 new UNB generated today, minimum... - How much is not enough, and how much is too much - everything is relational...there are still only 4 full nodes running... lets all run on empty and see how far the network goes...look at the bigger picture...without full nodes, UNB is completely worthless...irony at its best and worst, considering everything today...Im not suggesting, but you could prob do a 51% node attack for like £8 if not less...if you really wanted to...how may UNB do you hold, and how much value do you place in them...
0 / 2 = 0 ...seriously, this needs sorting more urgently than any hash rate increase...I'm sure I'm not the only one on the ball...I'm definitely no the only one to be able to sort this...it's ok, we'll all just rely on someone else to do whatever and hopefully it'll be alrite, yeah...good luck with that one...

Thanks...I really appreciate the thoughts and comments...but the way this has ended up today has massively disappointed me, and if my eyes don't deceive me looking at the iSpace webpage info - http://ispace.co.uk/coindetails/?coin=unb - its obvious...or perhaps I'm just wrong...either way, thanks again, but its morraly not right for me to accept, so, hope you make a proffit instead...I gained valuable experience cheers...

I have turned off my BFL 7GH - UNB definitely doesn't need any help from me in raising hashing power...especially now...

I have also turned off both my full nodes...sorry... - http://www.zpool.ca/explorer/peers?id=1446

More focus needs to be spent getting UNB to more people...thats where the value really is...just not through "Average Joe" mining, as that is obviously completely pointless unless you got at least 100GH, or mining for fun and don't care the cost, proffit, or probably loss...

ha, would you look at that...iSpace pool says 0GH !!! jokes all the way... - http://ispace.co.uk/coindetails/?coin=unb

Bye for now...hopefully not forever...been a pleasure while it lasted...

Cheers !

I like you Sonix - and I appreciate your honesty and your efforts.  PM me your UNB address and I'll make sure you at least get a few dozen block rewards in case you're right and this takes off, that way you don't completely miss it.

I don't think the price will take off, especially not more than the last highs of 80k sat; I just think someone wants to make sure the difficulty does not drop too low, which I actually understand. 

To me this surprise development is a good sign.  Sorry you spent all this time and energy to not mine a single block. 

Thanks again!!!