[Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 145.

Valpe

full member

Activity: 307

Merit: 100

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

Yep its already starting Cheesy

Quote from: nanoprobe on April 22, 2015, 02:33:23 PM

Quote from: Braino on April 22, 2015, 01:01:39 PM

Quote from: Vlad2Vlad on April 22, 2015, 02:17:16 AM

Quote from: mitache365 on April 22, 2015, 12:06:48 AM

Another pump to 10k sats?!

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

Gonna be no problem, it's already starting Shocked

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

But anyone can still get in now Cool

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.

nanoprobe

legendary

Activity: 980

Merit: 1000

Traveling in subspace

Quote from: Braino on April 22, 2015, 01:01:39 PM

Quote from: Vlad2Vlad on April 22, 2015, 02:17:16 AM

Quote from: mitache365 on April 22, 2015, 12:06:48 AM

Another pump to 10k sats?!

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

Gonna be no problem, it's already starting Shocked

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

But anyone can still get in now Cool

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.

Valpe

full member

Activity: 307

Merit: 100

buy now or buy later but you get more now! Wink

Quote from: Braino on April 22, 2015, 01:01:39 PM

Quote from: Vlad2Vlad on April 22, 2015, 02:17:16 AM

Quote from: mitache365 on April 22, 2015, 12:06:48 AM

Another pump to 10k sats?!

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

Gonna be no problem, it's already starting Shocked

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

But anyone can still get in now Cool

Braino

sr. member

Activity: 644

Merit: 252

IRONX - Fully regulated World-Class Exchange

Quote from: Vlad2Vlad on April 22, 2015, 02:17:16 AM

Quote from: mitache365 on April 22, 2015, 12:06:48 AM

Another pump to 10k sats?!

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

Gonna be no problem, it's already starting Shocked

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

But anyone can still get in now Cool

Valpe

full member

Activity: 307

Merit: 100

Ohh You have UTC fever. OMG Grin

Quote from: Beave162 on April 22, 2015, 06:23:26 AM

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

Beave162

hero member

Activity: 809

Merit: 501

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

Vlad2Vlad

legendary

Activity: 3052

Merit: 1534

www.ixcoin.net

Quote from: mitache365 on April 22, 2015, 12:06:48 AM

Another pump to 10k sats?!

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

Qxw

full member

Activity: 203

Merit: 100

Quote from: mitache365 on April 20, 2015, 05:51:21 AM

I am not sure a 280x card can mine NF16?!

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

mitache365

hero member

Activity: 732

Merit: 500

Another pump to 10k sats?!

Hilux74

legendary

Activity: 912

Merit: 1000

Quote from: funsponge on April 21, 2015, 05:41:46 PM

Does this benefit miners or investors? Will more or less coins be minted from this?

- 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.

funsponge

hero member

Activity: 776

Merit: 557

Does this benefit miners or investors? Will more or less coins be minted from this?

Valpe

full member

Activity: 307

Merit: 100

Agree, just my thought with better English Grin

Dev team thanks for update. Now we are talking. UTC is back to business. Cheesy

buy now or buy later but you get more now!

Quote from: Hilux74 on April 21, 2015, 04:05:36 PM

That sounds excellent. I think it is obvious my vote is for NFactor15. I think it's the sweet spot that uses minimal power and thus generates less heat in the house and it is still OK to mine with 2GB cards and excels with low end 4GB cards.

A very nice niche!

It is relatively affordable to get into for miners since equipment is much cheaper
It is less susceptible to the arms-race effect than algos that favour the best equipment create
The much lower amount of heat generated from your miners means MUCH less complaining from spouse

Hilux74

legendary

Activity: 912

Merit: 1000

That sounds excellent. I think it is obvious my vote is for NFactor15. I think it's the sweet spot that uses minimal power and thus generates less heat in the house and it is still OK to mine with 2GB cards and excels with low end 4GB cards.

A very nice niche!

It is relatively affordable to get into for miners since equipment is much cheaper
It is less susceptible to the arms-race effect than algos that favour the best equipment create
The much lower amount of heat generated from your miners means MUCH less complaining from spouse

rapture333

sr. member

Activity: 476

Merit: 250

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]

Hilux74

legendary

Activity: 912

Merit: 1000

NFactor15 Forever!!!!!!!!!!!!!1

Let's lock it down...Let's lock it down...

I'm one of the biggest remaining UTC miners and going ahead with an NFactor15 lockdown would make me, in the words of Sir Wilfred Laurier, "most happy of best joy long time and the FOREVER!!!!"

flippo

member

Activity: 96

Merit: 10

Quote from: flippo on April 20, 2015, 11:54:22 AM

Is anyone having problems with the wallet? Started getting "Not responding" few days ago after a Windows restart. Reinstalled, deleted all files except wallet.dat, nothing helps. Now blk-v2-0001.dat is growing very slowly, KB by KB, since yesterday.
This problem started happening on an old wallet, downloaded a new one and it doesn't help.

Something must have gone wrong with Windows. Works fine on another computer.

Valpe

full member

Activity: 307

Merit: 100

Yes indeed this coin is going to be BIG Cheesy

We are going to right way. Still dev team could wake up.

Cheesy

Quote from: usukan on April 20, 2015, 08:24:53 AM

Quote from: nanoprobe on April 19, 2015, 05:48:02 PM

Quote from: Braino on April 19, 2015, 12:04:46 PM

Quote from: nanoprobe on April 17, 2015, 06:17:52 PM

Quote from: Braino on April 13, 2015, 02:28:46 PM

This coin is going to be BIG Wink

Based on?

You'll see, if you don't know already

I've been here since the very beginning so please enlighten me as to what I'm not seeing.

Well the price is going up? Quite steadily.

Double in 2-3 weeks - thats not too bad.

Time will tell the story...................

Thats what I can see.

Vlad2Vlad

legendary

Activity: 3052

Merit: 1534

www.ixcoin.net

Quote from: nanoprobe on April 20, 2015, 03:27:39 PM

As long as the dilution continues this coin will probably go nowhere other than the occasional P&D.

What are the devs waiting for; kill the inflation and dilution on this thing.

nanoprobe

legendary

Activity: 980

Merit: 1000

Traveling in subspace

Quote from: usukan on April 20, 2015, 08:24:53 AM

Quote from: nanoprobe on April 19, 2015, 05:48:02 PM

Quote from: Braino on April 19, 2015, 12:04:46 PM

Quote from: nanoprobe on April 17, 2015, 06:17:52 PM

Quote from: Braino on April 13, 2015, 02:28:46 PM

This coin is going to be BIG Wink

Based on?

You'll see, if you don't know already

I've been here since the very beginning so please enlighten me as to what I'm not seeing.

Well the price is going up? Quite steadily.

Double in 2-3 weeks - thats not too bad.

Time will tell the story...................

Thats what I can see.

OK. Here's what I see. I mined this coin from the beginning. I started selling some when the priced hovered around $1 USD. As the price dropped I sold enough to pay for electricity and held the rest. When the N-factor made high end cards not worth running I quit mining but still held. The price was at 200 sats a few weeks ago so there was really no other place to go but up so saying the price doubled in 2-3 weeks is pretty funny. I started selling off most of my remaining stash a year ago. My last sales were at 10-11k sats. That's about 15x the current price. Can you see where this is going? The reality is that UTC is now more than 99.7% below it's ATH. Does it have a future? That's anyone's guess. I personally don't see much of a future but that's JMHO and only time will tell. As long as the dilution continues this coin will probably go nowhere other than the occasional P&D.

flippo

member

Activity: 96

Merit: 10

Is anyone having problems with the wallet? Started getting "Not responding" few days ago after a Windows restart. Reinstalled, deleted all files except wallet.dat, nothing helps. Now blk-v2-0001.dat is growing very slowly, KB by KB, since yesterday.
This problem started happening on an old wallet, downloaded a new one and it doesn't help.

Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 145. (Read 381069 times)