Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Newly Launched
by
GabrielKomatsu
on 18/02/2014, 00:47:25 UTC
sorry to ask a newbie question, but I'm a bit confused. In the wallet there is balance, stake, and unconfirmed.  I'm wondering what is the stake part for exactly?  as an extension of that, when does the "20% per year max, if you have wallet running 24/7" pay out?  as in, randomly, weekly, monthly, or every year?  And furthermore from that how can you tell that your connected as a part of the stake at all times.  I know you have to have your wallet encrypted and then open it up and run the command to allow minting or whatever.  I mean, do you have to do that every single time you accidentally close the wallet? or you restart your computer?  Just want to make sure that I'm not letting it go un-minting for any period of time.

There's a very good description of how it works a few pages back in this thread.

thanks, I found the post and it was very helpful. It explained everything.
I have another question though, you wouldn't happen to know how the ultracoin cg scrypt-jane miner works, would you?  I mean in terms of the nature of the algorithm.  I'm getting 200 less hashes today on the same intensity I was on a few days ago.  does this have to do with the coins difficulty and something about scrypt jane or am I having issues? everything seems normal with my gpu.