Nxt Forum

Nxt Discussion => Nxt Monetary System => Topic started by: Tempest on February 01, 2015, 12:32:21 pm

Title: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: Tempest on February 01, 2015, 12:32:21 pm
Uranium
Algo: Keccak25
Max Supply: 1'750'000 URANM
Difficulty Range: 4 - 16

Uranium is a rare coin with a twist.

Bounties
Coin Logo - 10k URANM (100 NXT @ 0.01 Rate)

Features:
Extremely Low Difficulty
Fast POW
ASIC Proof

Small Roadmap:
Dividends
Dice/Lottery

Buy Wall - 6000 Coins @ 0.01 NXT✓
Next Buy Wall - Coming Soon

Enjoy :)
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW✦
Post by: Tempest on February 01, 2015, 12:34:05 pm
Have any questions? Ask below.
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW✦
Post by: ltcrstrbrt on February 01, 2015, 03:09:57 pm
I need to know more about dificulty ...how it works?
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW✦
Post by: Tempest on February 01, 2015, 08:59:24 pm
That's beyond my control, I can only specify the difficulty range.
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW✦
Post by: Wolf0 on February 01, 2015, 10:45:47 pm
ASIC-proof? You realize this is standard Keccak - right? You can actually split it 25-ways to execute on 25 diff threads; it's heaven for an ASIC. 25-way is a little too much parallelism for GPU, though.
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW✦
Post by: Tempest on February 02, 2015, 04:51:32 am
ASIC-proof? You realize this is standard Keccak - right? You can actually split it 25-ways to execute on 25 diff threads; it's heaven for an ASIC. 25-way is a little too much parallelism for GPU, though.
It's considered ASIC proof until they've been created.
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW✦
Post by: Tempest on February 02, 2015, 06:18:29 am
Just a little over 9% mined :)
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW✦
Post by: Tempest on February 02, 2015, 08:59:24 am
Buy Wall x2 - 5000(x2=10k) Coins @ 0.01 NXT
Small Buy Wall is Up!
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: Tempest on February 02, 2015, 10:41:59 am
Another Buy Wall - Doesn't appear in Open Orders ;(
(http://i.gyazo.com/36f8359bf2a866e75f261087b33f9ea5.png)
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW✦
Post by: Taxidermista on February 02, 2015, 10:42:29 am
Buy Wall x2 - 5000(x2=10k) Coins @ 0.01 NXT
Small Buy Wall is Up!

There is no buy wall up.
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: Daedelus on February 02, 2015, 10:50:32 am
Are you using 'buy/sell' or the 'order'?

See: https://nxtforum.org/monetary-system/order-not-showing-on-the-exchange-booth/msg158324/#msg158324

Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: Tempest on February 02, 2015, 11:05:16 am
Are you using 'buy/sell' or the 'order'?

See: https://nxtforum.org/monetary-system/order-not-showing-on-the-exchange-booth/msg158324/#msg158324
I try to create a 'buy offer' although I get this:
(http://i.gyazo.com/5b06636513fca51e2a643d6311bdd314.png)
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: mnporter2001 on February 02, 2015, 11:16:17 am
Use the exchange instead of the offer.

I'm currently minting this, and it's nice to see the currency creator on here trying help.

Good luck and keep active :)

Cheers
Mark
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: Tempest on February 02, 2015, 11:21:47 am
Use the exchange instead of the offer.

I'm currently minting this, and it's nice to see the currency creator on here trying help.

Good luck and keep active :)

Cheers
Mark
Thanks :)

I'll try to be as active as possible and serve the community to my best ability.
The 'Buy Wall' is now up!
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: Riker on February 02, 2015, 11:35:14 am
Are you using 'buy/sell' or the 'order'?

See: https://nxtforum.org/monetary-system/order-not-showing-on-the-exchange-booth/msg158324/#msg158324
I try to create a 'buy offer' although I get this:
(http://i.gyazo.com/5b06636513fca51e2a643d6311bdd314.png)

When publishing an exchange offer you are acting as an exchange booth owner. You have to specify both buy and sell rates and number of buy/sell units and poses the necessary NXT and currency units to back your offer.
If you don't like to sell just buy, specify just a small number of initial sell units.

Please read the official documentation https://bitbucket.org/JeanLucPicard/nxt/issue/205 and/or the NXT MS wiki https://wiki.nxtcrypto.org/wiki/Monetary_System
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: Tempest on February 02, 2015, 11:40:09 am
The first 'test' buy wall has already been sold out.

A bigger buy wall will take place in a day or two.
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: shin on February 02, 2015, 12:20:57 pm
The first 'test' buy wall has already been sold out.

A bigger buy wall will take place in a day or two.
11 minutes and 34 seconds later --> https://nxtforum.org/monetary-system-153/uranium-%28uranm%29-offer-thread/
 Well that didn't take long ;D ;D ;D ;D ;D
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: Tempest on February 02, 2015, 12:25:38 pm
The first 'test' buy wall has already been sold out.

A bigger buy wall will take place in a day or two.
11 minutes and 34 seconds later --> https://nxtforum.org/monetary-system-153/uranium-%28uranm%29-offer-thread/
 Well that didn't take long ;D ;D ;D ;D ;D
Their fault for dumping early ;D

Hopefully I can stabilize the coin at a profitable enough price soon.
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: jshatlee on February 08, 2015, 11:25:55 am
I'm minting this right now as well.
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: LamaGanja on February 11, 2015, 07:42:14 am
O would like to mint this MS, where can i find server which i have to provide for minter?
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: jahras on February 11, 2015, 10:06:58 am
You need to run the nxtclient. Theres a link at the top of the page. Use the instructions in the readme file contained in the zip.
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: LamaGanja on February 11, 2015, 10:10:48 am
thanks got it, but what is confusing for me, one minted URANM took me 1 NXT?
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: Daedelus on February 11, 2015, 11:16:34 am
thanks got it, but what is confusing for me, one minted URANM took me 1 NXT?

Each mint is a transaction with the blockchain so a fee has to be paid (1Nxt).

You have to mint more than 1 at a time for it to stand a chance of being profitable. Changes units parameter to something higher, you will need to do a profitability calc. It will cost 1 Nxt to sell too so that has to be factored in.
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: LamaGanja on February 11, 2015, 11:55:29 am
But when i set more number then one in unitsPerMint parameter it is not minted and it writes "code 4 message "nxt.NxtException$NotValidException: Cannot mint more than 1/1000
0 of the total units supply in a single request"
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: mthcl on February 11, 2015, 12:21:55 pm
But when i set more number then one in unitsPerMint parameter it is not minted and it writes "code 4 message "nxt.NxtException$NotValidException: Cannot mint more than 1/1000
0 of the total units supply in a single request"
I think for URANM the max value of unitsPerMint parameter is 174 (or 175?), since the total supply is 1,750,000
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: Helios_V on February 15, 2015, 06:10:32 pm
When will another buy wall come up?
Why is the limit 175?
Is the rate actually 0.01?
Just did some quick math. If 175 is mint limit, then that means 100 goes to waste to pay for the lost NXT in the TX fee, but you have a .75 profit. This is if the price of URANM remains at 0.01.

Sorry of these seem like few newbie questions.

Just got started with this monetary thing. Absolutely amazing how fast NXT develops.
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: Daedelus on February 16, 2015, 02:05:31 pm
Is there a market in URANM?
Title: Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
Post by: Helios_V on February 16, 2015, 06:28:51 pm
Is there a market in URANM?

Its extremely small, almost non-existent. I believe the creator tried to set up a few buy walls.
EGOLD has been rocking the monetary system but something has to be done about URANM's lack of market activity. :-[
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