Dear Dev,
Any updates on urea exchange. As you can see hash rate is not steady and falling. I think its time to update the community on the developments. Otherwise people will forget about this coin.
Any updates on urea exchange. As you can see hash rate is not steady and falling. I think its time to update the community on the developments. Otherwise people will forget about this coin.
1. "As you can see hash rate is not steady and falling": Uro network hashrate has never fallen below 150Mh since launch, and is currently around 500Mh. The calculation rate is never steady in an open source, open platform distributed computation platform where anyone can join and leave whenever they please. but note that we have computational support at multiple locations in each continent, which cannot be said for most altcoins that are at the mercy of a few pools. The worse block generation time has been around 17 minutes and this recovered to a few minutes after a day or 2
2. "I think its time to update the community on the developments. Otherwise people will forget about this coin": We promised Urea backed exchange platform capability 3 months after launch and it has been less than 1 month since launch. Please understand that unlike typical altcoins many you may be familiar with on this forum, our priority for Uro is not to attain rapid value increases via high time/monetary expenditures on graphics/marketing/promotions so that some of the early adopters can make a quick buck by selling their currency units on an exchange. Our goal, which has been clearly stated in the OP, is to create and sustain a platform for the transparent and efficient international trade of Urea over a 9 month period. Unfortunately, this means that if your mentality is to predict/calculate your profits on mining based on your costs and gains over a weekly/fortnightly/monthly (or worse, daily) basis, you will mathematically not choose to mine Uro.
First of all, I like the idea of the coin and want this coin to be successful. I have mined this coin from the time a pool was launched on day 1 and never sold a single coin. I bought them instead in the markets.
1. Current hash rate is around 250 MH (500 Mh). I have seen many people renting rigs of more than 600 MH on launch day and as the difficulty went higher all of them stopped mining. Current difficulty is 20 and estimated next difficulty is 11.6.
2. I do not have any need to liquidate my UROs to pay my electricity bills. I can hold all my coins for more than a year. But someone cannot keep mining a coin where there are no developments or updates. You cannot spend your hashing power for a few months and later realize that the developer is gone. In my opinion this is a service industry. You are not selling any tangible goods here for the people to touch and feel. So, people buying it should be happy about owning it, which can be done by keeping them updated. You have clearly stated in the OP that fixed quantity of urea fertilizer will assigned to each URO. I was waiting for that day to see this coin become successful. But URO was listed on exchange so fast before launching Urea exchange. I know you were not involved in getting it listed on bittrex exchange and you did not want that to happen. Then why did you change the title of the thread to include [URO][X11][BITTREX] ??
I would like to reiterate that I am a supporter of the coin and want this coin to be successful. But like all other miners I want to know what I am mining.
