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Topic: [ANN] Unobtanium: Current Release 0.9.5 - page 15. (Read 148806 times)

member
Activity: 98
Merit: 10
February 09, 2014, 03:55:21 PM
So this is best described as organic growth then.

Anybody aware of the giant vibration of mining difficulty?
204715   2014-02-09 11:29:50   1   0.25   39560.522
204819   2014-02-09 12:45:06   2   0.27   1461049.882   

Yes, The coin about double in value in the last fews days so it got a lot of hash put at it. I have two ASIC miner one on a multipool and the other on a coin. When I see the multipool switch to Unobtanium I point my other miner on it and when the multipool gets off Unobtanium I point one at the other coin. The multipool that I use changes once every 20 minutes so it will pound on the coin and move it's difficulty up.

This is the reason which causes Uno's average block interval is only 1/4 of the designed value

Block reward of 1 coin per block, halving every 102,000 blocks and finishing with a minimum subsidy of .00001 after 612,000 blocks. Maximum of 250,000 coins ever.

We just got past another halfing (current block count: 205411) so since there is less to mine that also brought up the price. In another ~100,000 blocks the rewards will get cut in half down to 0.125 per block.

sr. member
Activity: 308
Merit: 251
Giga
February 09, 2014, 03:48:39 PM
UNO dump incoming ?
member
Activity: 98
Merit: 10
February 09, 2014, 03:40:56 PM
Anybody aware of the giant vibration of mining difficulty?
204715   2014-02-09 11:29:50   1   0.25   39560.522
204819   2014-02-09 12:45:06   2   0.27   1461049.882   

30times difference only within 1hour and 15minutes!
This is the reason which causes Uno's average block interval is only 1/4 of the designed value--40s vs 3m
Is this what they refer to as instamime?

That is what happens when a multipool or a whale put their Mega hashes at it since it was the most profitable at that point in time and they leave to mine another coin with it is more profitable to mine. Then they come back when the difficult get low and it's is the most profitable to mine. So as the price of Unobtanium rose from all of the buying the last couple of day the multipools started hitting this coin for the profit.
member
Activity: 98
Merit: 10
February 09, 2014, 03:36:19 PM
I thought instamiming was when some huge mining operation drops in and mines a lot of coin at the current difficulty, then when it adjusts he moves on and mines another coin leaving the long time miners mining at a super high difficult. Then the huge miner comes back when difficulty drops to whatever the community supports. (Screwing the supporters)

This is happening with lots of SHA-256 coins.

42coin has solutions but not really appropriate there, as it uses script.

>>I thought instamiming was when some huge mining operation drops in and mines a lot of coin at the current difficulty, then when it adjusts he moves on and mines another coin leaving the long time miners mining at a super high difficult.

Those are just multipools and whales.


instamiming is when a coins is starting out with very low difficulty or the programmer had wrong values so the difficulty does not clime mush for the hash power put at it and everyone mining that coins rips threw thousands of blocks before the difficulty level goes up. Typically they say x amount of blocks per day or 1 block per x minutes but when it's a instamine they will do 3~6 months worth of coins in a few hours.
full member
Activity: 238
Merit: 100
February 09, 2014, 03:19:29 PM
Anybody aware of the giant vibration of mining difficulty?
204715   2014-02-09 11:29:50   1   0.25   39560.522
204819   2014-02-09 12:45:06   2   0.27   1461049.882   

30times difference only within 1hour and 15minutes!
This is the reason which causes Uno's average block interval is only 1/4 of the designed value--40s vs 3m
Is this what they refer to as instamime?



Not really.  Instamine is when the first blocks of a coin generate a large percent of the coin supply, especially when the dev is the only person mining in the first blocks because no one else has had a chance to download the client.  This coin was very fairly released.  It is generating coins a bit faster than expected, but those coins are still fairly distributed.
full member
Activity: 140
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February 09, 2014, 03:06:04 PM
Going up?
sr. member
Activity: 1414
Merit: 361
Vave.com - Crypto Casino
February 09, 2014, 02:56:23 PM
Interesting discussion about Unobtanium in Dogecoin reddit -

http://www.reddit.com/r/dogecoin/comments/1xdk1o/what_do_you_guys_think_of_unobtainium/
newbie
Activity: 20
Merit: 0
February 09, 2014, 08:05:11 AM
Anybody aware of the giant vibration of mining difficulty?
204715   2014-02-09 11:29:50   1   0.25   39560.522
204819   2014-02-09 12:45:06   2   0.27   1461049.882   

30times difference only within 1hour and 15minutes!
This is the reason which causes Uno's average block interval is only 1/4 of the designed value--40s vs 3m
member
Activity: 93
Merit: 10
February 09, 2014, 08:04:26 AM
Most of the altcoins developers are large share holders from early stages. This one is different, as I understand.

Now if wolong starts pump and dump and developers joined it, then it will just become any other coin.

legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
February 09, 2014, 07:22:29 AM
For the latest news on UNO check https://twitter.com/unobtanium_uno
legendary
Activity: 2450
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keybase.io/fallingknife/
February 09, 2014, 07:11:12 AM
he an attention whore


I don't know much about him.  But my gut instinct is that he has already bought in what he wants, not this crazy 25% figure.  I don't even think 25% has been mined yet...

Well, today's video http://www.youtube.com/watch?v=z3k9c_9SMsw&feature=youtu.be&a says Wolong wants 30,000 uno. That would give him 20% of the current market.  I wasn't too far off in my guess.
newbie
Activity: 10
Merit: 0
February 09, 2014, 02:19:11 AM
Mommy I'm scared. Look at that growth. This is insanity. Especially with Bitcoin taking a hit, this might be our moment, even excusing that wolong's presence is the catalyst.
sr. member
Activity: 1414
Merit: 361
Vave.com - Crypto Casino
full member
Activity: 196
Merit: 100
February 08, 2014, 11:32:22 PM
hollyyyyyyyy shit uno going to pluno (a planet for uno..close to pluto)
hero member
Activity: 784
Merit: 1000
February 08, 2014, 03:32:57 PM
Why would this wolong character broadcast his intentions?

I think his twitter name makes his true intentions very clear:  https://twitter.com/GameOfDeception

Obviously, he's going to do what he needs to do to make money.  He's playing a game of deception to get what he wants.

I agree.
hero member
Activity: 784
Merit: 1000
February 08, 2014, 03:32:26 PM
he an attention whore

My point is that pumper & dumpers never list where they plan to take it.  Because everyone would profit take from him if he did.

I don't know much about him.  But my gut instinct is that he has already bought in what he wants, not this crazy 25% figure.  I don't even think 25% has been mined yet...
legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
February 08, 2014, 03:31:32 PM
Why would this wolong character broadcast his intentions?

I think his twitter name makes his true intentions very clear:  https://twitter.com/GameOfDeception

Obviously, he's going to do what he needs to do to make money.  He's playing a game of deception to get what he wants.
newbie
Activity: 25
Merit: 0
February 08, 2014, 03:18:29 PM
he an attention whore
hero member
Activity: 784
Merit: 1000
February 08, 2014, 02:37:23 PM
Why would this wolong character broadcast his intentions?
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