Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
cryptotrain-net
on 20/06/2014, 17:28:36 UTC
Quote from: jacobshm on June 20, 2014, 05:23:49 PM
Quote from: cryptotrain-net on June 20, 2014, 04:29:15 PM
Quote from: mizultra on June 20, 2014, 04:27:04 PM

It looks like like UTC is getting some serious benefit from the SHA256 mining at CryptoTrain's multipool. That's awesome.

 Grin



Yeah, Even at such a low hashrate. It's reaping in the UTC.

The normalization value for SHA256 is 85GH/s to 1 MH/s on scrypt. It's already doing better at only 25GH/s. Which is incredible.

If anyone has some old SHA256 Asics, this might be a good investment.


quick question,  arent people going to be attracted to the multipool so they could get utc to dump if its so profitable?

I guess so yes, but if they are on the multipool to just dump, then the multipool will buy it again from their hashing efforts really quickly. With other buyers in between, it still pads the price upwards.