Future Of Ubiq UBQ Mining

After 6 months of public testing, the Ubiq network is ready for launch! We are excited to open up participation for all members in the blockchain development, mining and financial space. January 28th 2017 will mark the inception of the new blockchain and transfer of value from the existing Jumbucks blockchain to the Ethereum based Ubiq blockchain. The new chain will bring about many new capabilities through smart contracts, giving us a far greater opportunity for lasting applications while still having the existing value and stability from an established 3 year old market.

The Ubiq development team is committed to providing the most stable, flexible and bug-free platform available for the development of enterprise level applications. This is accomplished through extensive observation, testing and improvements to the various blockchain technologies currently available. Markets closed On January 28th, 2017 at 12:01am PST the Jumbucks [JBS] market will be closed on exchanges. Snapshot and Genesis Block creation A snapshot of the Jumbucks blockchain will be taken with the balances recorded for every JBS address.

To analyze future dag size you can use a calculator or see table below to find out the end of mining with your GPUs. DAG file changes every epoch. BlockChain, eth coin image Ethereum, etc coin image Ethereum Classic, music coin image Musicoin, exp coin image Expanse, ubq coin image Ubiq, soil coin image Soilcoin. Aug 31, 2017 - This report outlines Ubiq's most recent activity, highlights important events and provides insight to the future of the Ubiq platform. Excitingly, Ubiq has. Ubiq will be experiencing its very first block reward drop in the next 6 months, which will lower the inflation to ~6%, with 7 UBQ in mining rewards per block. High profitability Ubiq mining pool. The open-ethereum-pool developer: 0xb85150eb365e7df0941f0cf08235f987ba91506a. Ubiq (UBQ) Mining Profitability Calculator South Africa. Ubiq (UBQ) Mining and Profitability Calculator. Powered by CryptoRival. RELATED ARTICLES. Mining Pools. Full desktop wallet for UBQ and Ubiq based tokens. Newest technology and implementations drive meaningful discussions on the future of.

The Genesis Block will be. Wallets will be created and the code will be published to Github. Network Launch On the Ubiq [UBQ] network will be launched. Post Launch The Ubiq market will be open on exchanges the following week. Any unclaimed Ubiq will be placed into multi-sig address. If you have already submitted via the claim form, please ensure you have all of the info required (keys and password) to import and unlock after swap.

If need be, you can resubmit with the same JBS address, the latest verified submission will be used. The old Jumbucks network will be considered developer deprecated and unsupported. Ubiq is proud to be the first Ethereum fork which brings about consensus level changes in the form of brand new code. We have ported Digibyte's Digishield v3 difficulty adjustment algorithm to an Ethereum code base, the same difficulty algorithm recently chosen by the Zcash development team. The new codebase allows for difficulty retargeting every 88 second block using the Digishield algorithm.

This reacts to changes in hashrate each block to increase difficulty and increase attack costs for miners. The addition of Exponentially Subjective Scoring is now an optional flag for services like exchanges and pools to calculate during any adverse network conditions including forks. This protection exponentially reduces the window a double spend can take place while also providing seamless consensus of nodes on the “longest” chain. With our designed Monetary Policy, block rewards will start out at 8 and decrease by 1 yearly until it reaches a minimum of 1 UBQ per block. In Ubiq we wanted to program in the option of staying with Proof of Work indefinitely should it prove to be viable long term. There are many aspects we will consider in terms of viability such as overall health of the Proof of Work network, and coin distribution, but ultimately we foresee a future where Ubiq may run as a Proof of Work network forever.

With Ubiq we plan on running a Proof of Work network for a minimum of 1 year before considering and evaluating any switch to a Proof of Stake scheme. This is illustrated in the table below.

Further details and changes: Algorithm: Dagger Hashimoto Block Reward: 8 decreasing by 1 yearly until 1 UBQ per block Block Target: 88 seconds HTTP RPC server port: 8588 Websocket RPC server port: 8589 Network listening port: 30388 Network ID: 88 Chain ID: 8 (EIP 155 Replay Attack Protection compliant) Reduced rewards for included Uncle blocks Forked from the latest Geth 1.5 containing all the latest EIPs At launch you can use any available Etherereum mining software with the exception of Claymore. Claymore will be available after ~30 days once the network reaches Epoch 1 (Block 30,000). Genoil: Ethminer: The longer block times of Ubiq means the DAG size growth will be much slower, allowing graphics cards with 2GB RAM to mine for over 6 years. In Ethereum 2GB graphics cards were obsolete a bit over a year later after launch as seen in the chart below.

Ubiq Pool - Suprnova - Source Code: (Full source code and binaries will be announced before the launch!) The Fusion GUI Wallet will be released after launch. Julian Yap - Well experienced in building blockchain technology and Systems Engineering working with notable projects like Bittrex (over 100 coin code reviews), Blocktech and Decred. Julian has provided several key principles of design, networking and economics to the project.

Luke Williams - Joining the space in early 2012, Luke became well known within the blockchain community for building and providing resources and services. The creator of Iquidus Explorer, a blockchain search tool deployed for many ledgers in the industry. He is also the Technical Director for his company KryptoTech located in Spain. Kris Hansen - Along with bringing many relationships in the existing fintech space, Kris is a capable developer for a wide range of systems and languages. He is helping with several technologies and use cases for the project along with contributing to the blockchain codebase. Alex Sterk - Appearing with blocktalk in early 2015, Alex has met and interviewed a host of notable people and projects in the cryptocurrency industry.

Examining them across many attributes but providing meaningful education for many across the space, Alex brings his networking and management skills as our community manager. A road map of Ubiq’s full range of plans for 2017 will be coming soon! Early focus will be on network stability, releasing the Fusion Wallet, and KryptoTech deploying their first token. Jumbucks is a Fair Launch cryptocurrency which launched in September 2014 without an IPO and with zero premine.

Jumbucks currently runs as 100% Proof of Stake, and is currently traded on and. Find out more information. Jumbucks will be swapping to a new chain, Ubiq (UBQ), which will be an Ethereum fork with new features! Sign up to to be a part of a growing community of over 740 crypto enthusiasts and Ubiq fans! Follow on Twitter for all the latest news and announcements!

Please note: This is an opinion piece on the current state of Ubiq, it’s positives and negatives, written by an interested party not associated with the development team. What is Ubiq? In a sentence,. Ethereum, currently in the alpha stage, still has bugs that need to be attended to.

Being enterprise-ready means that there is better chance for big companies to pick Ubiq up. If you were a company, would you want to invest in something finished, or something half-finished? So far, the Ubiq team has attended three AI Fintech conferences. One in Toronto, one in Vancouver, and one in Nigeria. SmartCash SMART Mining Solo Vs Pool. These conferences are attended by big companies in fintech, including big banks and venture capitalist firms.

There was no ICO or pre-mine for Ubiq. This means that the development team isn’t sitting on any big stack of cash; all the coins they obtained are through mining or by purchasing of the coins by themselves on the exchanges which Ubiq is sold on. I really like this because in my mind, it means it’ll be harder for the developers to walk away from something they’ve personally invested in. Ubiq has a great dev team all with a good background on crypto. The team includes Julian Yap, a cryptocurrency code auditor for, and Luke Williams, who worked on Iquidus Explorer and is the co-founder of, a company which develops apps and projects based on blockchain.

I won’t go into the other members as to not take up too much space but. A coin you guys may or may not have heard of,, which runs on UBQ, raised 1189 BTC in their ICO. Interesting to think about, since Ubiq didn’t have an ICO but still has a decent volume currently. Congratulations to our friends at Ventures in receiving over 1189 BTC in their crowdsale! Now the real fun begins.

— Ubiq (@ubiqsmart) These are the negatives about Ubiq. There’s no roadmap that I can find right now. Even though, and seem to be taking the whole Ubiq project seriously as they are active on social media, their site looks good and they attend some conferences, it would be more enticing to me and others if there was a roadmap on future plans for Ubiq. This would show that the team is serious about Ubiq being the next Ethereum.

Also, there’s barely any marketing or media presence for Ubiq. A search on Google yields some results, but nothing that easily stands out to bring investors in. I had to personally go through different videos and sites to compile the information in this post.

Final thoughts. Most Powerful GameCredits GAME Miner here. Personally, I have high hopes for Ubiq. If it gets more exposure, I can see it reaching the $10+ range by 2018. Check Circulating supply of Ubiq as of this post: 37,168,938 UBQ Current price as of this post: $2.11 Should You Invest in Ubiq?

(UBQ) – Opinion was last modified: September 21st, 2017 by Editorial Staff.