Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 145. (Read 381003 times)

.. 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.

24h sales only on Cryptsy
UTC/BTC   UltraCoin   2.22 BTC   0.00000851   0.00001100 BTC   0.00000678 BTC

Yep its already starting 

While it's nice to see the price rise there needs to be way more volume to sustain any appreciable uptrend. .34 BTC will not get the job done.

buy now or buy later but you get more now! 

Gonna be no problem, it's already starting 
https://bittrex.com/Market/Index?MarketName=BTC-UTC

But anyone can still get in now 

Ohh You have UTC fever. OMG 

Does anyone think that if the coin supply doubles that the price per UTC must half?

That would be a beautiful thing.  I would take even 5,000 sat.

Of course it can. Is it wise depends many things.

Another pump to 10k sats?!

 - Freezing the NFactor at 15 would benefit miners.

 - Reducing the inflation (ie number of coins mined / day) would likely benefit current investors if price goes up in response, effect on miners would likely be neutral if price increase matched coin/day decrease.