Sunday, April 13, 2014
Big changes coming to ultracoin
A lot of changes are planned for ultracoin in the coming weeks. Seems like coin devs are not too happy with the value and the spread of hashrate between coin's pools. Bumface the coin's main face of the community shared on bitcointalk this week his motives on improving the coin's value, fairness, and future development. His announcement is pretty vague on the schedule of the changes however be ready to see some drastic changes to the specifications of the coin. For one he is changing the coin's block reward from 50 to 15 to increase scarcity and lengthen the longevity of mining. The coin has been pretty profitable to mine compared to the vast majority of scrypt coins out there, however in the past week the profitability has dropped significantly and it could even fall more drastically once the change in block reward occurs. Be prepared for a big fork in the network and some large dumps in coming days for this coin.
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