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    Author Topic: [GPUC] GPU Coin | Mandatory Wallet Update  (Read 421435 times)

    • cryptowest
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    March 11, 2014, 05:36:19 PM
     #6041


    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Devs have nothing to do with the high level design decisions, those are from the CEO.

    It's a different setup, low block payout with high total coins. You have to consider he is backing the coin with actual merchandise, and even at the current block payout, its still 28 million coins per day being mined.

  • trademark
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    March 11, 2014, 05:36:28 PM
     #6042
    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  

  • SP4RK7
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    March 11, 2014, 05:39:15 PM
     #6043
    Quote from: trademark on March 11, 2014, 05:36:28 PM
    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  

    The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page.

  • trademark
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    March 11, 2014, 05:41:47 PM
     #6044
    Quote from: SP4RK7 on March 11, 2014, 05:39:15 PM
    Quote from: trademark on March 11, 2014, 05:36:28 PM
    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  

    The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page.

    That shouldn't be fixed. Bad choice if it is. Only top dog IPOs will be able to purchase them then. No one will want to mine it since it's not profitable (yet).

  • madbit1000
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    March 11, 2014, 05:43:46 PM
     #6045
    Quote from: SP4RK7 on March 11, 2014, 05:33:23 PM
    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Your mistake is you are treating this coin like any other where you mine and dump for profit.

    If that is what you want you would be better mining DOGE or something else

    The price of this coin will rise when the shop front opens then it's up to you whether you dump or use what you have to buy a new gpu

    I never dump coins. I have a varied selection of coins in my stacks of wallets.

    But, i like to see some value in a coin in case i ever need to sell.
    You should not buy a warrant unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges

  • SP4RK7
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    March 11, 2014, 05:47:15 PM
     #6046
    Quote from: trademark on March 11, 2014, 05:41:47 PM
    Quote from: SP4RK7 on March 11, 2014, 05:39:15 PM
    Quote from: trademark on March 11, 2014, 05:36:28 PM
    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  

    The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page.

    That shouldn't be fixed. Bad choice if it is. Only top dog IPOs will be able to purchase them then. No one will want to mine it since it's not profitable (yet).

    It's not fixed if the price goes up on the exchange which I think it will you will obviously need less GPUC to purchase a new GPU

    for example as I stated earlier

    at 0.00000045 (current price) you will need 1.725 million GPUC to purchase a 280x
    at 0.00000450 (price coin started) you will need 172,500 GPUC to purchase a 280x this is only 8 days mining at current difficulty at 1 MH/s

  • Cyber_Punk
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    March 11, 2014, 05:49:02 PM
     #6047
    Quote from: madbit1000 on March 11, 2014, 05:43:46 PM
    Quote from: SP4RK7 on March 11, 2014, 05:33:23 PM
    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Your mistake is you are treating this coin like any other where you mine and dump for profit.

    If that is what you want you would be better mining DOGE or something else

    The price of this coin will rise when the shop front opens then it's up to you whether you dump or use what you have to buy a new gpu

    I never dump coins. I have a varied selection of coins in my stacks of wallets.

    But, i like to see some value in a coin in case i ever need to sell.


    And one full day after release determines the value  Roll Eyes

  • trademark
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    March 11, 2014, 05:51:01 PM
     #6048
    Quote from: SP4RK7 on March 11, 2014, 05:47:15 PM
    Quote from: trademark on March 11, 2014, 05:41:47 PM
    Quote from: SP4RK7 on March 11, 2014, 05:39:15 PM
    Quote from: trademark on March 11, 2014, 05:36:28 PM
    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  

    The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page.

    That shouldn't be fixed. Bad choice if it is. Only top dog IPOs will be able to purchase them then. No one will want to mine it since it's not profitable (yet).

    It's not fixed if the price goes up on the exchange which I think it will you will obviously need less GPUC to purchase a new GPU

    for example as I stated earlier

    at 0.00000045 (current price) you will need 1.725 million GPUC to purchase a 280x
    at 0.00000450 (price coin started) you will need 172,500 GPUC to purchase a 280x this is only 8 days mining at current difficulty at 1 MH/s

    True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one. Not good for the coin.

  • vesperwillow
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    March 11, 2014, 05:54:21 PM
     #6049
    Quote from: trademark on March 11, 2014, 05:51:01 PM
    True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.


    And when the IPO's buy GPUs, within hours everyone else will be able to buy the GPUC you guys used to buy the product with.

    And so the cycle continues.
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  • SP4RK7
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    March 11, 2014, 05:56:33 PM
     #6050
    Quote from: trademark on March 11, 2014, 05:51:01 PM
    Quote from: SP4RK7 on March 11, 2014, 05:47:15 PM
    Quote from: trademark on March 11, 2014, 05:41:47 PM
    Quote from: SP4RK7 on March 11, 2014, 05:39:15 PM
    Quote from: trademark on March 11, 2014, 05:36:28 PM
    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  

    The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page.

    That shouldn't be fixed. Bad choice if it is. Only top dog IPOs will be able to purchase them then. No one will want to mine it since it's not profitable (yet).

    It's not fixed if the price goes up on the exchange which I think it will you will obviously need less GPUC to purchase a new GPU

    for example as I stated earlier

    at 0.00000045 (current price) you will need 1.725 million GPUC to purchase a 280x
    at 0.00000450 (price coin started) you will need 172,500 GPUC to purchase a 280x this is only 8 days mining at current difficulty at 1 MH/s

    True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.


    I think that is pretty unlikely.

    If the price stays the same and you only manage to mine 800,000 coins and you need 1.6 million, it makes sense that you would go to an exchange buy some more GPUC for bitcoin

    This would raise the price of GPUC and also bring down the price of the new GPU you were about to buy

  • madbit1000
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    March 11, 2014, 05:58:49 PM
     #6051
    Quote from: Cyber_Punk on March 11, 2014, 05:49:02 PM
    Quote from: madbit1000 on March 11, 2014, 05:43:46 PM
    Quote from: SP4RK7 on March 11, 2014, 05:33:23 PM
    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Your mistake is you are treating this coin like any other where you mine and dump for profit.

    If that is what you want you would be better mining DOGE or something else

    The price of this coin will rise when the shop front opens then it's up to you whether you dump or use what you have to buy a new gpu

    I never dump coins. I have a varied selection of coins in my stacks of wallets.

    But, i like to see some value in a coin in case i ever need to sell.


    And one full day after release determines the value  Roll Eyes

    I see your point, but i have watched so many coins over the last 3 months studying them daily. And not many coins last to get higher than 10 times their initial value. I hope GPU coin can produce the goods. i really do. That's why i am here and an IPO member.
    You should not buy a warrant unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges

  • madbit1000
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    March 11, 2014, 06:00:46 PM
     #6052
    I suppose one we open up on more exchanges. there will be more buyers which will push the price higher. We will just have to wait and see.
    You should not buy a warrant unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges

  • trademark
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    March 11, 2014, 06:03:12 PM
     #6053
    Quote from: SP4RK7 on March 11, 2014, 05:56:33 PM
    Quote from: trademark on March 11, 2014, 05:51:01 PM
    Quote from: SP4RK7 on March 11, 2014, 05:47:15 PM
    Quote from: trademark on March 11, 2014, 05:41:47 PM
    Quote from: SP4RK7 on March 11, 2014, 05:39:15 PM
    Quote from: trademark on March 11, 2014, 05:36:28 PM
    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  

    The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page.

    That shouldn't be fixed. Bad choice if it is. Only top dog IPOs will be able to purchase them then. No one will want to mine it since it's not profitable (yet).

    It's not fixed if the price goes up on the exchange which I think it will you will obviously need less GPUC to purchase a new GPU

    for example as I stated earlier

    at 0.00000045 (current price) you will need 1.725 million GPUC to purchase a 280x
    at 0.00000450 (price coin started) you will need 172,500 GPUC to purchase a 280x this is only 8 days mining at current difficulty at 1 MH/s

    True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.


    I think that is pretty unlikely.

    If the price stays the same and you only mange to mine 800,000 coins and you need 1.6 million, it makes sense that you would go to an exchange buy some more GPUC for bitcoin

    This would raise the price of GPUC and also bring down the price of the new GPU you were about to buy

    That's if they mine that many.  I am only mining because I'm an IPO and am thinking long term.  There are other coins that are currently more profitable right now which is why our hashrate is dropping.

  • trademark
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    March 11, 2014, 06:06:21 PM
     #6054
    Quote from: vesperwillow on March 11, 2014, 05:54:21 PM
    Quote from: trademark on March 11, 2014, 05:51:01 PM
    True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.


    And when the IPO's buy GPUs, within hours everyone else will be able to buy the GPUC you guys used to buy the product with.

    And so the cycle continues.

    If the GPUC does not get the needed support. No one will buy it and the CEO will not be able to cash in to order more GPU's. Cycle will eventually end and CEO has a bunch of GPUC to stare at in his wallet.

  • djm34
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    March 11, 2014, 06:08:43 PM
     #6055
    Quote from: trademark on March 11, 2014, 06:06:21 PM
    Quote from: vesperwillow on March 11, 2014, 05:54:21 PM
    Quote from: trademark on March 11, 2014, 05:51:01 PM
    True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.


    And when the IPO's buy GPUs, within hours everyone else will be able to buy the GPUC you guys used to buy the product with.

    And so the cycle continues.

    If the GPUC does not get the needed support. No one will buy it and the CEO will not be able to cash in to order more GPU's. Cycle will eventually end and CEO has a bunch of GPUC to stare at in his wallet.
    He will always be able to create a new coin and call for new IPO  Grin
    That's the beauty of this sytem
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  • vesperwillow
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    March 11, 2014, 06:09:13 PM
     #6056
    Quote from: trademark on March 11, 2014, 06:06:21 PM
    Quote from: vesperwillow on March 11, 2014, 05:54:21 PM
    Quote from: trademark on March 11, 2014, 05:51:01 PM
    True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.


    And when the IPO's buy GPUs, within hours everyone else will be able to buy the GPUC you guys used to buy the product with.

    And so the cycle continues.

    If the GPUC does not get the needed support. No one will buy it and the CEO will not be able to cash in to order more GPU's. Cycle will eventually end and CEO has a bunch of GPUC to stare at in his wallet.

    True, I mentioned this at the outset of this endeavour, but it also isn't a bad thing for the owner. He'll win either way.

    He's an owner btw, not a CEO.
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  • madbit1000
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    March 11, 2014, 06:12:04 PM
     #6057
    Quote from: vesperwillow on March 11, 2014, 06:09:13 PM
    Quote from: trademark on March 11, 2014, 06:06:21 PM
    Quote from: vesperwillow on March 11, 2014, 05:54:21 PM
    Quote from: trademark on March 11, 2014, 05:51:01 PM
    True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.


    And when the IPO's buy GPUs, within hours everyone else will be able to buy the GPUC you guys used to buy the product with.

    And so the cycle continues.

    If the GPUC does not get the needed support. No one will buy it and the CEO will not be able to cash in to order more GPU's. Cycle will eventually end and CEO has a bunch of GPUC to stare at in his wallet.

    True, I mentioned this at the outset of this endeavour, but it also isn't a bad thing for the owner. He'll win either way.

    He's an owner btw, not a CEO.

    Technically he is the director. So we are both wrong..
    You should not buy a warrant unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges

  • kcheel
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    March 11, 2014, 06:30:47 PM
     #6058
    Quote from: trademark on March 11, 2014, 05:36:28 PM
    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  



    This exactly.  Surely he knows this and doesn't just use the current exchange avg.  He can heavily influence the pricing using the first batch of GPU's he has already ordered.

  • SP4RK7
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    March 11, 2014, 06:38:20 PM
     #6059
    Quote from: kcheel on March 11, 2014, 06:30:47 PM
    Quote from: trademark on March 11, 2014, 05:36:28 PM
    Quote from: madbit1000 on March 11, 2014, 05:27:28 PM
    Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

    Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

    cheers



    Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  



    This exactly.  Surely he knows this and doesn't just use the current exchange avg.  He can heavily influence the pricing using the first batch of GPU's he has already ordered.

    This wont work if the GPU price is not linked directly to the exchange price someone only needs to crash the market to pretty much destroy the business.

  • trademark
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    March 11, 2014, 06:44:07 PM
     #6060
    Quote from: madbit1000 on March 11, 2014, 06:12:04 PM
    Quote from: vesperwillow on March 11, 2014, 06:09:13 PM
    Quote from: trademark on March 11, 2014, 06:06:21 PM
    Quote from: vesperwillow on March 11, 2014, 05:54:21 PM
    Quote from: trademark on March 11, 2014, 05:51:01 PM
    True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.


    And when the IPO's buy GPUs, within hours everyone else will be able to buy the GPUC you guys used to buy the product with.

    And so the cycle continues.

    If the GPUC does not get the needed support. No one will buy it and the CEO will not be able to cash in to order more GPU's. Cycle will eventually end and CEO has a bunch of GPUC to stare at in his wallet.

    True, I mentioned this at the outset of this endeavour, but it also isn't a bad thing for the owner. He'll win either way.

    He's an owner btw, not a CEO.

    Technically he is the director. So we are both wrong..

    On his page he calls himself the CEO.
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