Dude, you waited until full synchronization purse? I, too, when you install a new wallet balance several times less, but I waited until the full upgrade (about 36-40 hours) and the balance returned so as it should have been.

Staking does not really help very much right now as it seems there are many more pow than pos blocks.   If you look in the block explorer the blocks with a .25 difficulty are generally stake blocks.  The miners have much more an effect on the chain. This will change once we get the newer retarget out and we absolutely will need people staking to stabilize the difficulty for pos.

For the curious, here is an example of a PoS block.  http://ultrabex.tumblingblock.com/block/3b382c65aa2470bb286f05a9f1fac8aa86d79ac204ab74a2a6f889fa83c287c5

You can see the from and too addresses are the same.

They definitely need to do something my wallet stuck couples times plus the difficulty in the pool is crazy

http://ultracoins.info

New Wallet Update

What you see in the test pool is what you are going to get.   Thanks again to those who have helped in testing.    I am very grateful for your donation of time and energy.  You've done a great service to Ultracoin.  We will be releasing the source tonight and schedule the fork on Tuesday.  The exact block is yet to be determined.  We want this update in fast, but we want to give everyone at least some time to update.  This new update will not require a complete conversion or redownload of the chain if you have already done so.  

Here is the what you'll be getting.  We are going to be increasing the block time at 60 seconds and will be upping the reward by the same factor to maintain the same rate of payouts- the amount will be 30UTC per generated block.  The staking and proof of work difficulties will be completely separated, with the proof of stake time being set to 1 minute too.  In the past, before the latest update, we were producing one staking block for every ten, giving an average of 5 minutes per stake and have pretty much rested on the staking minimum difficulty of 0.25.  

This action will not change the payout amounts for stakes.  The stake payout is not tied to a flat reward rate like PoW blocks, instead it is directly tied to a coin age calculation which varies according to the amount of coin group size and how long it has been held since its last stake or first transaction time.  Staking attempts will still continue at 1 every 30 seconds.  The coin age will be remaining the same as well, ranging from a minimum of 7 days to a max coin age of 35 days.  With these changes, staking and proof of work blocks will have more of a chance of doing something useful for the network other than increasing the block chain as they will be containing more transactions.  Transactions will still be fairly fast.

The biggest things we are trying to achieve here is fixing the current difficulty retarget and also slowing the growth of the block chain.  Already some of our slowest devices are feeling the effects of a long chain in combination with our intensive ChaCha/Keccak512 hashing algo.  Even my I7 Intel the download goes from 200+ blocks per second at the start of the chain down to 6-10/sec once it gets to NFactor-14.   This will slow the annual growth of the chain from 1 million blocks to around half a million.  This will help out enormously for the long run as we climb into the higher NFactors.

Edit:  I left out an important part, the retarget method.  The retargeting algorithm we'll be using is Digishield, with a 10 block averaging time, that retargets every block based on the last ten blocks. It takes slightly longer to adjust to higher hash rates (8% max up per block), but it corrects more quickly after the hash drops (16% per block).  It has also been applied to the staking calculation.  On the PoW side all only proof of work blocks are counted in the difficulty calculation, skipping over the PoS blocks until the last 10 PoW blocks are found and the PoS calculation is based solely on PoS blocks, skipping over the PoW blocks.

Well I was certain that they will find a way to benefit the Stake holders, after all the devs hold huge amounts of UTC, I hope its for the best.

Slowing down the blocks should have been done long time ago, the N-factor was changing too fast, but I guess better late then never.

Why release the fork on Tuesday. Set an earlier time - why not Monday 00:00 UTC
(24 hours is 24 hours, we have accumulated huge Losses this past week)

absolutely 100% agree on this - do it once.........do it right

Just take your time - and make sure its working properly before you release

I DONT CARE IF IT TAKES A WEEK

Coins on the exchanges should be safe (well - as safe as any coin on any exchange ever is)

Cryptsy UTC wallets are locked (under maintenance) - so you can not transfer IN or OUT anyway.  Not sure about other exchanges - but suspect thats the case for all - and if its not, I would be worried about those exchanges that are not locked until everything is sorted.

Nice work Kracko - thanks

just a heads up - it will hang while converting - for maybe several hours - don't despair - thats what it has to do to set things up first time.

I'm stuck at 860732
Last block time: Mon 8. Dec 14:24:29 2014