Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
Guy's and Girl's,
The Multipool was specially build to help Ultracoins price going up.
The concept of mining the most profitable scrypt/X11/Sha256 coin, then selling for BTC and buying back UTC is a beautiful concept.
But if there are to less miners on the Multipool it wil not work and the Multipool has to close his doors soon.
Please consider to put your rigs and hashrate for at least of 75% on the Multipool !
Ultracoin Multi Pool : http://www.cryptotrain.net/
PaulR1 and everyone else. I had mentioned this earlier and received no response. UTC generates about 43,200 coins per 24 hour period. If the multipool were to generate say double that, the coin would have no choice but to go up and supply would start to dwindle. Having this kind of hashrate on the multipool ahead of any other 'big' action should only enhance the value of that action.
We have seen the multipool generate the ability to purchase 25K in coins, last purchase totalled almost 11K. Crossing 43K is not insurmountable and everyone's coins go up in value. This is not rocket science. this is supply and demand.
Ok, so basically we have a math problem here. Invest UTC/BTC/whatevercoin in the short-term to purchase enough scrypt/X11/Sha256 mining power on the multi-pool to surpass this 43k coin-output threshold. Assuming what you say is true it's a matter of investing in the most cost-effective mining equipment to meet those goals and then reaping the benefits of the price increase.
From a mining perspective, just figure out what the hardware investment is based on your 43k threshold and calculate the return on the UTC price increase -assuming it actually increases as you're suggesting.
How about using some kind of contract/cloud mining to do it?