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Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 254. (Read 381069 times)

sr. member
Activity: 298
Merit: 250
i thought that  multipool would raise price. Where is the amazing multipool action?

I guess this bigd27 or Craig (what's his name) who started the new multipool is a blablabla guy and a faker, just like the other guy from the former multipool Hayden who suddenly had to go in to the army and disappeared and closed the multipool   Roll Eyes

If this bigd27/Craig is serious about the multipool why we don't hear anything for more than two weeks from him Huh
Before he was almost everyday on the forum to inform us about the progress of the multipool but now he is like the ghost rider....

.... Lips sealed maybe we have to except it: Welcome to the Wild, Wild West of Crypto World !



I wouldn't be so quick to judge, as far as I know Craig and his associates are still working on the Multi-Pool so users do not have to upload the payout address into their wallet, because they felt uncomfortable, which is understandable. Give him some time, I doubt working on a project that large is an easy task. The Multi-Pool isn't up yet, but we could have something that will be a great asset when it is.

Agree Rapture Smiley +1
sr. member
Activity: 416
Merit: 250
What are the typical Hashrates for a 280X and 290 cards???
legendary
Activity: 1590
Merit: 1002
Exactly

Try MINTING if you have not yet

Free coins to you

AND

Safety for UTC


Difficulty jumped from about 0.01 to 0.014. That's 40% more which means much more new miners. Unfortunatelly they all go to one pool  Angry

are you saying the pool cant be trusted?  i dont think you need to worry, if UTC become more profitable to mine, other profit-switching multipools will switch to it or add the option to mine Scrypt ChaCha


I doubt there is anything nefarious going on with the pool.  But I have to admit it did lower my expectations when I found there was only one pool with almost all the hash rate.  I've come to find the this coin is held up by its community of loyal followers.  One of the few coins that's actually worth holding onto.

UTC already pops up to the top occasionally with Kbombas Profit Calculator tool.  Which could explain some of the new miners.
https://github.com/KBomba/cuda-profit-calc/releases

The only problem with having profit-switching multipools targeting UTC will be a drop in price as it gets mercilessly pounded by the selling from miners dumping it.

Again, I'll offer up my pool.  http://utc.tumblingblock.com.   There's 0% tax.  There will be orphans until a decent hashrate achieved.  At 70kh/s we were getting orphans, but that's a very small percentage of the hash rate.

Its also PoW/PoS so should have better security against high hashrate pools assuming the PoS has now been implemented and working as intended.  Pool would need both to be the majority hashrate on UTC and the majority owner of UTC to try something naughty i believe.  So pool having a high rate is less of an issue for hybrid coin.  As I understand it the risks are alot higher for coins that are pure PoW like bitcoin with majority hashrate (eg: Cex.io) or for pure PoS coins when exchange owns majority of coins (eg Mintpal and Vericoin), so being and staying PoS/PoW is an understated advantage of UTC.  Smiley
legendary
Activity: 1590
Merit: 1002
legendary
Activity: 1590
Merit: 1002
sr. member
Activity: 251
Merit: 250
I don't get some people. These are last 3 transactions from mintpal:

2014-08-21 05:20:01   SELL   0.00001088          145.99787711   0.00158845
2014-08-21 05:17:19   SELL   0.00001286       0.20295489   0.00000261
2014-08-21 01:32:12   BUY   0.00001595           1065.43876975   0.01699374

Last buy at 1595 sat for 1065 UTC and someone veeeeery smart is selling 145 UTC at the price 1088 sat. That is just brilliant Smiley
legendary
Activity: 1672
Merit: 1014
Difficulty jumped from about 0.01 to 0.014. That's 40% more which means much more new miners. Unfortunatelly they all go to one pool  Angry

are you saying the pool cant be trusted?  i dont think you need to worry, if UTC become more profitable to mine, other profit-switching multipools will switch to it or add the option to mine Scrypt ChaCha


I doubt there is anything nefarious going on with the pool.  But I have to admit it did lower my expectations when I found there was only one pool with almost all the hash rate.  I've come to find the this coin is held up by its community of loyal followers.  One of the few coins that's actually worth holding onto.

UTC already pops up to the top occasionally with Kbombas Profit Calculator tool.  Which could explain some of the new miners.
https://github.com/KBomba/cuda-profit-calc/releases

The only problem with having profit-switching multipools targeting UTC will be a drop in price as it gets mercilessly pounded by the selling from miners dumping it.

Again, I'll offer up my pool.  http://utc.tumblingblock.com.   There's 0% tax.  There will be orphans until a decent hashrate achieved.  At 70kh/s we were getting orphans, but that's a very small percentage of the hash rate.

Its also PoW/PoS so should have better security against high hashrate pools assuming the PoS has now been implemented and working as intended.  Pool would need both to be the majority hashrate on UTC and the majority owner of UTC to try something naughty i believe.  So pool having a high rate is less of an issue for hybrid coin.  As I understand it the risks are alot higher for coins that are pure PoW like bitcoin with majority hashrate (eg: Cex.io) or for pure PoS coins when exchange owns majority of coins (eg Mintpal and Vericoin), so being and staying PoS/PoW is an understated advantage of UTC.  Smiley
sr. member
Activity: 476
Merit: 250
Thank you Kracko, and I will be rejoining your pool once I get my miners back up and running. They have been down for about two weeks now and I have been too busy to put them back online. And I completely agree with you about pools targeting Ultracoin, it leads to a lot of dumping and has affected us in the past.
sr. member
Activity: 456
Merit: 250
Difficulty jumped from about 0.01 to 0.014. That's 40% more which means much more new miners. Unfortunatelly they all go to one pool  Angry

are you saying the pool cant be trusted?  i dont think you need to worry, if UTC become more profitable to mine, other profit-switching multipools will switch to it or add the option to mine Scrypt ChaCha


I doubt there is anything nefarious going on with the pool.  But I have to admit it did lower my expectations when I found there was only one pool with almost all the hash rate.  I've come to find the this coin is held up by its community of loyal followers.  One of the few coins that's actually worth holding onto.

UTC already pops up to the top occasionally with Kbombas Profit Calculator tool.  Which could explain some of the new miners.
https://github.com/KBomba/cuda-profit-calc/releases

The only problem with having profit-switching multipools targeting UTC will be a drop in price as it gets mercilessly pounded by the selling from miners dumping it.

Again, I'll offer up my pool.  http://utc.tumblingblock.com.   There's 0% tax.  There will be orphans until a decent hashrate achieved.  At 70kh/s we were getting orphans, but that's a very small percentage of the hash rate.
legendary
Activity: 1590
Merit: 1002
Thanks for your help Michael - much appreciated.

I arranged for you guys to still participate in las vegas.
hero member
Activity: 728
Merit: 501
I arranged for you guys to still participate in las vegas.
legendary
Activity: 1672
Merit: 1014
i think it be okay with high number of miners, it would only hurt UTC future if they attempted something malicious with the blockchain and i believe the pool was created by UTC team itself (?) for the purpose of supporting ultracoin so it would be senseless for them to try that.
its a different story for other pools that exist to mine coins for immediate profit and are not part of the UTC team, then definitely it would be a concern if it had too much hashrate.
sr. member
Activity: 251
Merit: 250
Difficulty jumped from about 0.01 to 0.014. That's 40% more which means much more new miners. Unfortunatelly they all go to one pool  Angry

are you saying the pool cant be trusted?  i dont think you need to worry, if UTC become more profitable to mine, other profit-switching multipools will switch to it or add the option to mine Scrypt ChaCha


No, the pool is OK Smiley I just thought that all new miners are going in one place.
legendary
Activity: 1672
Merit: 1014
Difficulty jumped from about 0.01 to 0.014. That's 40% more which means much more new miners. Unfortunatelly they all go to one pool  Angry

are you saying the pool cant be trusted?  i dont think you need to worry, if UTC become more profitable to mine, other profit-switching multipools will switch to it or add the option to mine Scrypt ChaCha
sr. member
Activity: 251
Merit: 250
Difficulty jumped from about 0.01 to 0.014. That's 40% more which means much more new miners. Unfortunatelly they all go to one pool  Angry
full member
Activity: 181
Merit: 100
....buy orders and price are going UP Wink  Grin
sr. member
Activity: 251
Merit: 250
Something is going on with UTC Smiley

We need to balance pools! All hashpower is in one pool ATM. Thiago, maybe close signing up at http://www.ultracoins.info/ ?
legendary
Activity: 1590
Merit: 1002
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