Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
bigD27
on 23/07/2014, 18:27:09 UTC
Thankyou for the quick reply. I have read the previous messgage and tbh it is a very vauge and understated e-mail / exscuse. But never mind. I will give you guys a little more info. The pool will up and runnig for beta this weekend. More details on that over our inital testing. I myself mined UTC from day one. But myself and paul ( business partner ) decided to sell most of our farm and we have concentrated solely on sha 256 asic machines and built it up at a steady and strong pace.we are now in a position allthough new members to bitcointalk we are not new to the crypto scene to help in the efforts of UTC, and help it to achieve its full potential. Our site tba will to start with not be the prettiest as we have worked on the backend more than front of shop :-) but it does what it says on the tin. We are also in the process of having it setup to auto payout unlike the cryptotrain pool that was done manually and at irregular times. We are aiming from the getgo to have a fully automated system. We will be following cryptotrains mehod to start with and having a ZERO pool fee, but wr have discussed and the maximum this will ever increase to will be 1.5% and one more thing we have started to discuss is the possibility of people donating as it does happen. If our miners start to do this we will eneter the donating miners into a sweepstake every week/fortnight/month whatever we think is best to win the pot. We are all here to make money but at the samr time we ALL can give a little something extra and this is our way :-)

Thanks craig (bigd)


I love your idea.
It would be great if you can make a new UTC multipool.

But to be honest, if you only ask 1,5% pool fee you don't make it unless you get many many miners on the multipool.
The cost for maintenance and hosting cost (like dedicated server) etc wil cost you a lot.

An multipool needs, IMHO, at least enough miners equal to 4 or 5 GH's at the minimum to break even.
Cryptotrain reach't never more then 1 GH and it was only for a view days on that top with miners.

Anyway.... lets hope you can make a good an professional multipool.
I will put my rigs on it.
I will even gladly pay 2% or 3% pool fee and will do some extra donations .....


thankyou all for the messages. If I am to be honest we hold a considerable amount of UTC we want for a few reasons the coin to flourish. The biggest asset the coin has is the transaction speeds. We see this as a massive plus for the coin and in terms of acceptance. Paying via UTC is as quick as reaching for my wallet crabbing my cc card and typing the pin in. This should be one of its biggest marketing ploys. If in the future we do need to increase pool fees then we will always be open honest and upfront and give notice. We have set aside funds for the next 6 months minimum to pay for everyhing in term of the multipool. Allthough 6 months does not seem a long time it was only 6 months ago btc was around the 800-900 $ mark.... I / we welcome all ideas as to any feature or coins being minned on the multipool. I am currently on the move at the moment but will be able to update more this evening / tomorrow. But rest assured the multipool is coming and we are here to stay and to hopefully attract miners.

If you get a good multipool up and running.... and you pay out every 24 hour.... i believe many miners wil step in to it and dont mind to pay 2 or 3% or even 4% poolfee.  I also believe even some miners will give some extra donations.
We need now a trustworthy multipool. No games. Shure and safe. And pay outs every 24 hours like the atomic world  lock.

Do it please. Make it please. I mine on your multipool.
Thw pool is on its way. To quote my partner in regards of higher fees. "For the community" if we ever need to pursue increasing fees higher than our estimate we will always come to the miners first and see what we can do. We have discussed tonight regarding donations teying to be proactive and maybe invest in some advertising for bith the pool and more over the coin. Who knows all we want is to be able to provide a pool for UTC that in turn cann start to increase the price of UTC. Thats the ultimate goal for everyone I believe.  :-)  Also please exscuse any nad spelling I hate autocorrect on the phone but I do need it at times :-)

Thanks craig.