Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
tzh2231
on 01/06/2014, 00:09:46 UTC
That is what I was suspecting too, but even mining UTC right now is basically non-profitable after electric bill. So the only explanation is miners with free or dirt cheap electricity are mining. The whole alt-coin community is suffering from the huge spike of hash power from SCRYPT ASIC right now indeed, not just UTC. Golden days for video card miner like me is long gone, I've stopped all my mining rigs.
Well, one of the reasons I think this coin is going down in value is because we are number 2 on Whattomine.com, so essentially, other multipools and regular users and mining Ultracoin and dumping it for profit with no incentive to hold.
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BoardAnnouncements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
tzh2231
on 31/05/2014, 23:13:13 UTC
Guys we need to think about what can lift this dead meat coin again. Last time when block reward was reduced from 50->15 it seems to give a good lift for a short period of time. Do you think this can be done again? 15->5?
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Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
tzh2231 I find this very strange. Why are you suddenly write in Chinese? In all your other messages on Bitcoin Talk you talk very good English. I read in several of your messages a certain negativity against UTC.
What is your intention, you're a troll?
Do you come here just to talk bad?
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BoardAnnouncements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
tzh2231
on 31/05/2014, 02:23:51 UTC
true & true, and sadly, I wished that I can hold this coin for an uptick move, but almost never happened. I tried, and failed, so that is it.
tzh2231 I find this very strange. Why are you suddenly write in Chinese? In all your other messages on Bitcoin Talk you talk very good English. I read in several of your messages a certain negativity against UTC.
What is your intention, you're a troll?
Do you come here just to talk bad?
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Topic
BoardAnnouncements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
tzh2231
on 31/05/2014, 02:18:33 UTC
0.0006? Most of us are dreaming for 0.00006, I bet you did not count the 0s...
If this thread really represents the "community", it's almost a blessing they are not representing the coin on their own. It's like a bunch of teenagers in here.
This coin (and it's community) need a makeover in professionalism. Who would take anything seriously that comes out of this thread which is the main hub of information regarding UTC.
The price truly does represent this coin and until things change 0.0006 will remain the ceiling.
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BoardAnnouncements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
tzh2231
on 30/05/2014, 00:20:42 UTC
what is today's jump up and down about?
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BoardAnnouncements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
tzh2231
on 27/05/2014, 02:18:44 UTC
This is an idiotic idea, look at what the 50->15 block reward reduce did to the coin, a quick bubble, some lucky ones can cash out and run off the table, then the coin can dive even lower?
This is manipulation, and do NO good to the community, it will only make people feel this coin is centralized manipulated and get more and more abandoned.
What is going on with UTC mining??? I am only getting about 1/4 estimated amount.
You were to receive 4 times less than 15 award for UTC block? Ohhh it's tempting ))
One gets the impression that some people do not watch that that is mined.
reward for block reduced from 50 UTC to 15 UTC
All on multipul!
All on multipul!
All on multipul!
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Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
tzh2231
on 29/04/2014, 22:06:15 UTC
What is going on with UTC mining??? I am only getting about 1/4 estimated amount.
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BoardAnnouncements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
tzh2231
on 23/04/2014, 12:22:54 UTC
What is wrong with nitro pool? ultra2 is dead, ultra runs in a weird way, I get only like 1/3 hashrate and not producing any coin with exact same good config.
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Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
tzh2231
on 06/04/2014, 03:25:14 UTC
Looks like I cannot mine without more RAM too, this change is quite dramatic.
Though I'm close, I'm using 4 different TC's for each card, my setup will be of no use to anyone for 290x, or perhaps one of the 4 might help 1 of 4 people... who knows.
Ye many miners may have to increase system RAM, hoping I can squeeze by with 8GB and 3 GPU; gonna be close if so.
Anyone please help me to mine UTC with CPU and Nvidia Quadro FX580. cudaminer-2014-02-28 (x64) cudaminer --algo=keccak --url stratum+tcp://ultra.nitro.org:3337 --user x.1 --pass 1