Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 144. (Read 381060 times)

Maybe the management and miners have a point. Maybe bumface messed up with the schedule. Maybe other people besides us think this. Maybe other people are willing to believe in UTC as well.

When did I mention hobbyist miners keeping this coin going?
The management mention they don't want to go along with the scheduled roadmap and all the miners come out the woodwork stating they don't want to alter anything as it will affect them, and also low and behold a magically mining team want to invest but only if we stick to the current Nfactor? Just thought it sounded a bit fishy!?

Nobody is doing anybody's work, i just said there are miners interested in a stable coin that is also useful.

Do you honestly think a handful of hobbyist miners are going to keep this coin going If you want adoption your going to need new people getting involved

If these professional miners wanted the UTC community to know what they plan why are they sending you in to do their work? . . I'm taking this news with a pinch of salt. I have heard so many promises over the last 18 months I don't believe anything until it is done now.

Mining companies are a large part of what make things go to shit.  What benefit is there to UTC for a large company to come in and dominate mining, which now is dominated by individual supporters of UTC?  As a mining company their goal is to only to mine and sell, that helps nothing.

And this has what to do with UltraCoin exactly, aside from spamming this thread?

Can someone delete the above post as well as this post (or I'll edit mine) to rid this thread of this spam.

They have a ton and i mean a ton of hashing power that is no longer cost effective on asic coins, they are going to specialize in asic resistant coins with other attributes like speed or anonymity. I dont think digibyte fits the bill

They have noticed the uptick today too lol

Ultra Profit 

Ultra action with this UltraCoin...  

Bittrex been steady on the rise too.

https://www.bittrex.com/Market/Index?MarketName=BTC-UTC

If you were in at 0.00000400 you'll see an easy 10x in no time

Even if you bought now at 1400 you'd still 3-4x easily.

.. it looks very promising on Cryptsy for UTC.

Price and volume are rising steady upwards !!!

At the moment ;

24h volume 5.87 BTC
 
Price      0.00001412

24h low  0.00000834


Dont forget where we came from: 0,00000400 !!!!

Strong and efficient wish you all the best...

i have joined as an investor into an alt mining interest, i explained to them everything about UTC and they are interested.

If the n factor gets locked at 15 for a year like you guys have been proposing, they will begin mining and are willing to commit btc in staggered purchasing to get volume started. It wont be all in UTC, that will be divided amongst a couple other alts that they think have long term potential.

Some background on them: they are based in Hong Kong and are getting out of a certain big alt due to sinking prices and too much competition/block halving

You guys need to start wooing the larger mining companies to get on board with this.

Aint nobody got time for re-calibrating

You should look at Cryptsy's volume,  3-4x   what is on trex.   

Couldn't agree more
Thanks for the update, this coin is going to go large!

   
Re: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions!
April 21, 2015, 07:42:50 PM
Reply with quote  #2380
Right now we're in talks for locking down the N-Factor, either revert back to N-Factor 14 or stay on 15 (the higher the N-Factor the better the power consumption/efficiency). We would also like to see a 1/3rd reduction in the inflation rate, by curbing inflation and keeping the coin minable and effecient for GPU miners, we will be locking in a very important niche in GPU mining, especially Scrypt-ChaCha mining. An ASIC reistant, established and energy effecient cryptocurrency with both investors (stake minting) and miners in mind. Economically, this will sustain the long term growth of the coin, not to mention stabilize the price. We were planning on doing an N-Factor stall for a long time, but hesitsted do to some negative feedback, however we are more confident then ever that now is the time to lock in the N-Factor, it is also the perfect opportunity to hit the brakes on inflation. Due to the next N-Factor increase taking place so soon (April 29th), we won't have enough time to implement the change, have it tested, and have all the exchanges updated in time. Instead we are going to have to endure the N-Factor update, make the necessary changes to the wallet, and then implement the change at a specific block height which should give us enough time to update all of our wallets as well as the ones on the exchanges. I believe this move will put Ultracoin in a very unique and well desired position compared to our closest competition.

Sincerely,

Steven "Rapture"
Management Director
[email protected]

Any updates coming?

I agree with you
And its good to see things are heading in the right direction 

3-6 months back there was a post from the Devs showing off some great looking UTC paper wallets and the website to generate them.  That kind of jazzy stuff should be on the first post and I think it may be valuable for devs to sometimes re-post things like that every few months to catch the eyes of new supporters.

Yep. 0.272kh for me.