Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Newly Launched
by
cointradero
on 28/02/2014, 21:34:41 UTC
Anyone seen the latest from bumface on reddit?

Is that really him?

If so I think Im going to sell out.

Claiming utc is 5 times more profitable than any other coin Sad



Not at these prices its shit to mine when it was like 0.01 then it was 5 times more profitable now its just a joke


I be lucky if I get 10$ a day.

link to reddit
http://www.reddit.com/r/official_utc/comments/1z64e1/quick_recap_of_events/

Link to twitter news.
https://twitter.com/ultracoinnews/status/439509235261767680

It's things like this that drive me nuts.  he's not wrong.  It is 5 times more profitable per KH/s.  Unfortunately, you can only get 1/5th the hashrate of scrypt coins now, so at best, it's a wash.  I don't know  if it's a disingenuous push or ignorance - both bother me.  

edit:  When he made the claim, we were hashing at twice the rate we are now which would have made the comment slightly more true as it would have been about 1.8x more profitable per the calculator.  In reality, I see returns of about that.  I'm still disturbed that he didn't know our hash rate had dropped to 37.5% of scrypt and that it was about to drop to around 18 - 19%.  Sometimes he doesn't seem to know anything about the backend of this coin at all.