Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 84. (Read 381003 times)

Hi barbados-fs

The only place to trade UTC is Bittrex

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

To be honest - I would not sell any UTC just at the moment - they are likely to be worth a lot more in the future.

Your intentions noted and appreciated - but just hold your UTC for now.

Cheers - usukan

Don't skimp too much on the finer things in life - they say its bad for your health.

But glad you made this sacrifice for the good of UTC

They also say what goes around - comes around

may your karma catch up with you soon

Cheers - usukan

You know Roister, it is at this moment better to donate for the future of our UTC instead of "paying" for some other fine things in live (if you understand what i am saying)    

Thanks very much for that massive donation to the cause Paul...nice for someone to lead by example!

Fingers crossed it helps to make this coin the success it deserves to be...

Cheers,

Roister...

I mined UTC for almost a year in the factories. I haven't sold anything, only folded. It was a little UTC on Cryptsy I would be glad to sell them and make my small contribution, but Cryptsy is dead. I can donate only to UTC, but I don't know where they can be sold.

Hi Usukan and the whole community, I do not want to let fail this important phase of the UTC project.

So I will pay/send the "short fall of 0.241 BTC" in a view moments with a extra raise to a totall of 0.731 BTC

But, with all due respect to everybody, I want to express honestly that i am a little (little) disappointed that from the entire community only a small group of supporters are active, in one way or another way and with or without financial contribution.

To all other "active" community members, specially to those who also contribute financially: Thank you  !

Warm greetings,
Paul.

EDIT: So to let pass the the totall projet phase 1/2/3 there remains after my last donation of 0.731 BTC now only a little "short fall of 0.23 BTC".... feel free (small or big) to contribute 

Hi Roister

WRT Steven - he has been holding off while I sort these projects with PressTab and funding - and we have a clear strategy going fwd. The strategy is now close to fruition and its time for him to step back in.

We have discussed and we know our respective tasks going fwd.

Never fear - I will keep the Community informed - even if Steven and I are busy in our real lives. I will always report the good, bad and plainly ugly.

Its actually a big draw on our time to manage all the UTC business.  We must share it. Steven has a lot of time consuming tasks that I have not got time for - and only he can do (ANN update, Ultracoin website and social media engagement).  If hes not here online - hes still busy for UTC.

But I expect that Steven will achieve this online presence admirably.

Only time will tell, but, whatever, I will manage everything accordingly to keep UTC development moving forward - and forward. I have never managed a coin before but in business I make things work - perhaps not as expected at the start (because we not often know what the opportunities are at the beginning - trying, failing, learning and conquering is the lesson) - but the finish is good and from there the options are interesting.

I'm here for the long game. If anyone is expecting a pump - forget it. It may happen but its not under our control.  If you are still here in 2 years - you will look back on this very favourably.


Cheers - usukan





 

Hi Usukan,

From reading the last few posts, I agree with you that leaving the block reward at 10 is essential for the time being, at least until the coin has reestablished itself firmly in the world of crypto. I obviously don't know enough about the NFactor, though as folks say, 14 or 15 both sound fine. However, I assume the issue with 15 is around the lite wallets? If it is, this needs to be considered seriously beforehand..I still maintain that reliable, easy to use android/apple wallets, and PC wallets are vital.

Regarding the point that Beave makes, around concerns around Rapture. Beave has been around a good while, and seems to talk a lot of sense. I am aware that since Stevens return, he has only made one post, even after we had voiced concerns about needing regular contact via this forum. Admittedly, you have been keeping us informed marvellously well...my concern is what will happen when you take a more back seat role..will communication die off again?

Just my concerns...thank you though for your fantastic support that you have provided so far...

Roister

Thanks Alenevaa - I have sent these 3 issues directly to PressTab

Cheers - usukan

3. When wallet makes the transaction gathered from many inputs it can include as one input the PoS TX not fully confirmed yet.

 As a result TX is not sending immediately because wallet gets the RPC error.
 This TX sends after a while (from several hours to one day) or it can be stuck completely and it needs manual resend.

I don't have examples but I've seen this anomaly several times.

2. Wrong Net Hashrate calulation by command getmininginfo


In this example net hashrate is more than 600 KHash/s. As actual hashrate is slightly more than 100 KHash/s.

Also you can note  "powreward" : 0.01000000
But it should be 10.

As far as I can remember I faced with several type of errors/bugs while using ultracoin wallet on the pool.

1. Wrong balance by command listaccounts.
It's about 4 times more than actual balance. As the command getbalance gives (more or less) right sum.

Does anybody else have this bug?

on a Finance note

We have in the UTC Dev Fund
https://blockchain.info/address/1LpFmfieMBH63ivFA1Us5ju1jnH9CSccKZ

0.64637278 BTC

fabietech has pledged and additional 0.312 BTC

So our current total will be:

0.95837278 BTC

We need to have 1.2 approx BTC by the end of the week.

The shortfall is:

0.24162722 BTC

One more 10% contribution @ 0.312 BTC will cover this.


Additionally - we need to pay for the liteStake addition to the UTC wallet.

Its best we get PressTab onto this while he is focussed on UTC at present.

Cost 0.72 BTC

So total left to raise to complete these 3 projects is:

0.962 BTC




If anyone else in the Community wishes to support this work - we are very happy to hear from you now.

Any contributions large or small will be gratefully received and put to good use with PressTab.


Cheers - usukan

Thanks Beave - yes there is more than hope and a lot to look fwd to in UTC.  We will be taking it slowly but surely.

The long game wins.

Cheers - usukan

Thanks for your input on this Beave162 - hear what you are saying since I saw the continued and gradual demise of UTC unfold before my eyes.

I saw Steven working hard for UTC - but he was led on and lead astray by Kracko and a few other issues in the background with stakeholders. Steven fully realises this now.

The current community welcomed Steven back unanimously and with strong support.

So Steven is back.

I think its fair to say he has learnt a bit from his previous exploits and he will be unlikely to repeat his mistakes - which he is well aware of. This is how you learn and get better at the job.

In the future - UTC will be run by the genuine and committed members of the Community.  The Community will direct the UTC Committee and the Committee will manage development etc.  It will be up to the Leader and Committee to follow the wishes of the Community.  Not the Community to follow the wishes of any leader.

The overwhelming sentiment was that Kracko was actually the clown and he will not be coming back.

Community members who support UTC Dev by doing work or contributing funds to projects will be the key to the future of UTC.

That said - any projects or Committee members who lose the support of the Community - will be history.


Cheers - usukan

What would be a mistake is having this Steven, rapture333 stick around in any capacity. He is immature, unintelligent, irresponsible, lazy. I'm not sure he has made one good decision. The UTC network is a joke right now, and all he had to do was listen to reason. He needs to be completely divested from UTC if you want it to ever be taken seriously. I don't like to be negative, but come on. Welcoming this clown back?

I agree with this statement. I just want to point out how admirable ThirtyBird is about how he valued the challenge that used to come with increases in NFactor. But like he said, things are different now. If only more people would be welcoming challenges, more than just focusing on price or trying to pump a coin, good things would happen.

I'm not sure what you mean by having an android phone supporting a full client? What does that have to do with the NFactor?

The fear of botnets is a little overblown. The only worry in terms of botnets, or anything similar, is centralized control of the blockchain. At NFactor 15, UTC will be mined most efficiently with 750ti or R7 240 cards. There are a lot of people with those cards lying around who can ensure the blockchain is secure. NF14 is not a complete departure from that idea though. Like you say Hilux, it is more of the sweet spot at NF15.

I will add another point... Current prices incorporate speculation, which accounts for people betting on events years in the future. At higher NFactors, it could be that these newer CPUs with high memory cache will completely change the dynamics of profitable mining hardware and attract new miners, new interest. It is a good bet to say eventually GPUs will come with higher VRAM, which will have the same effect. There are no real negatives for UTC with that scenario.

I also agree that the lower energy consumption of higher NFactors is a big positive.

It is not a big issue to go from NF14 to NF15. Staying on NF14 would not be a mistake, even if not preferred.