This incompetent twit has no intention of returning anyone's money, I can tell you that. He originally hired me to create the first iteration of GPUCoin (which was scrypt based), and then 12 hours before launch hired me again to change it into scrypt-n, based off a Vertcoin base. Due to the tight timeframe, I didn't have time to set up a proper dns seed, so to make the launch time I just put in a hardcoded node, which he was in control of. At launch time, he failed to have this node running, and the blockchain started forking. This wasn't a huge issue, and would have been pretty easy to fix. All he needed to do was get his node up running properly, or hell, even telling all the pools add each others as nodes. This would have fixed the issues, and the first launch would have fine. But instead of asking me, his developer, what to do about the issues, he decides on his own to abort the first launch. That was his first mistake. His second mistake was hiring some random newbie with 20 posts to do the second launch, which ended up being a 1:1 copy of pandacoin. Pitiful.

This guy has no idea what the hell he is doing, not even the slightest bit. I've reached out to him, asking him to temporarily give control of his bitcointalk account to me so that I could do PROPER launch. He hasn't responded. I'm sorry for all you guys who invested money into this trash. Best of luck with the legal proceedings.

lol and home much you "developers" got ?
makes you kinda part of the scam team.

No coins, much whining!

Seriously - too much whining here. I got up 5:00 in the morning, had to wait 30-40 minutes until the first pool came up. After a few hours I recognized that there will be another relaunch. So what? Shit happens! I am developer myself and I know how difficult it can be. No reason to cry.

Professional developers don't have to relaunch. It works the first time out the door. It's called "testing", and for crypto it's called "testnet". Amateurs and children relaunch.

Remember some hours back someone posted a meme showing the "i don't always" dude? I responded with a "LOL".

It was deleted by a forum moderator.

Now THAT is LOL!

 

So relaunch part whatever has moved to Sunday? I wonder what will happen if I hold my breath. *sigh* This coin could have had a bright future IMHO.

Better question: Is there going to be a relaunch? Lol..

I said this before but I want to do it again. Take the IPO money for shares on the GPU company and not for the premine coins, forget the GPU coin. People can purchase the graphics cards with other coins. And the DEVS have already a good amount of BTC to start the business. Stop making this dark business and be more transparent with all the people. If you continue to do things like this, the  people will lost confidence on crypto currencies.

Start the business and distribute profits with all of the IPO investors....

Why don't people read at least a few comments above. You would see that a relaunch is happening on Sunday 9th March 2014

Thanks for your time..

Ideally a nice business model could be made out of GPUCoin, not how they are doing it though.

In this model investors would buy into the company (including the CEO who would get a stake just like everyone else), which would be used to purchase wholesale equipment, which is then sold online for a set price of GPUCoin.

The proceeds, including a percentage of the profits would be used to purchase more GPUs, which in turn would be sold for more GPUCoin and so on.

There is a lot of competition for GPUs so customers would push the price up to around what other people are charging, customer competition would keep the price reasonable. If the price of GPUCoin per bitcoin fell then customers would push it back up.  We should see it end up near EBay levels or comparable to other online auctions.

It would also create one of the few coins where money is repeatedly injected into the coin.  In order to get good deals on GPUs customers would have to buy GPU coin.

Now, ideally the investors (including CEO) would get an initial lump sum of coins equal to the wholesale cost, which the can sell to people.  People can also mine.  Also a percentage of the profit (something small) would be split up and sent to investors whenever an order for more GPUs is made.  Investors would have special 'stake' function activated on their wallet and would receive GPU coins.

It would be huge.