If you want to open the flood gates and allow anyone to purchase as many gpus as they want then you are still handing over control to the miners with the most power unless you have a literal unlimited supply of product. Limiting sales allows for better control of the market giving more people the ability to buy. The math is not a simple linear curve for electricity usage, that would carry the assumption that diff never changes and that there is no variance in price. You cannot produce the same number of coins consistently with the same amount of power. Over time that number grows and shrinks based on a number of factors. 1 GPU at x watts at y diff will produce z coins with n price. It is anything but linear. For me personally my overhead is so tiny it's basically non existent it costs me $4.75 a month to run my rig.

Just to clarify you are correct about coin creation on the network as a whole being linear, the network will always produce 1440 blocks a day of 20,000 coins per block until the halvening; But singularly it is not linear by any means.

he could be mining something else on his own generating more profit, he also has a day job. i don't forsee too much hitting the market driving that much cost down. most IPO holders will either continue to hold "like myself" or buy gpus with it if they feel its worth spending right now.
personally i'm waiting till gpuc is more known and the buzz has been curculated before i really start planning what to do with my coins.
max roi is my main goal, not quickly turning a profit.

if you'd like to sit on them, i'd suggest spending as much time as you want mining them but then switch over to something like www.wemineall.com
they auto switch to the most profitable coin, exchange for you, then payout in btc. the only fee you have to pay is the fee for the exchange since theres no way to get around that.
Having that all automated for you is a breeze. i'll be heading back to wemineall either around the time halving starts or i'm really starting to hurt for coins.
also right now i'm playing the exchange game. started with $100 and i'm up to $160.44 now. you dont need to buy and sell on every dip, just set a low buy order then set a 20 - 40% higher sales rate.
with btc i try to buy in at 580 and sell at 640 - 650, depending on the market. these are relatively normal figures when the markets swinging around.

pretty short time frame. was trading for about 2 weeks.
had i known more about trading, i would have a lot more money right now. started panic selling and buying.. didn't watch the market long enough. hell i'm only in month 2 of mining.
btc has been pretty stagnint lately with a massive amount of buy/sell walls. so i haven't been doing any trading.
another thing is to keep an eye out on other exchanges. i bought in too high once on btc-e, market dropped but a slow exchange still had high buy orders. moved my btc over to that exchange and sold, then cashed out and pumped the fiat back into btc-e to buy in.
its a pain to swap exchanges back and forth, have to account for fees, hope the sell or buy order is still up once you're moved over.. but if all goes well you can sometimes get back out while holding an expensive bag.

i've been sitting in Fiat right now for about 2 weeks, but btc hasn't been moving that much. buying and selling for a buck here or there just isn't worth the risk to me with the tiny bit of money i have invested.. so i'm sticking to the large swings.

Well, dev can easily push the price of the coin up by simply forcing the price conversion (like 50 satoshi, or 100 satoshi) instead of following market value.
That was the whole point of having the store in the first place, wasn't it?

Basically you are asking someone to buy gpu's for everyone...

The other end of that stick is, why would the big power players continue to mine the coin if they can't exercise the purpose of the coin, which is direct exchange for equipment? They could sell it for BTC who folks who want to buy, but that's still a dead end because those folks are also limited. It's a self-denying cycle at that point, and the hashrate will drop/fluctuate wildly.

Yes, it does call for a hella supply. This is why I warned the owner to ensure he can flow GPU's by the truckload first. I suggested ways for him to increase volume.. and I was ignored.

He jumped in feet first without making sure he could swim--on every aspect of this venture. The best thing he brought to the table was simply the idea, to be honest.


This is where the law of averages kicks in. Yes, diff will vary. If you're on a coin which is in fact profitable (you make more than it costs to mine), typically those coins increase in value over time with diff, or shortly after positive swings. In 8 months being in the crypto world, I've yet to find a profitable coin which has failed this equation. I'm not saying that for every cycle of hash you produce, you make the exact same coin, and cashout the exact same earning. I'm saying that within a high level of confidence if you're mining a profitable coin, your earnings will be pretty much linear to your hashrate.

This is why a lot of senior members only mine the founding coins, or certain altcoins, and don't pool hop. It's also why some people will only mine if it's profitable.

For this particular coin, the people who don't see it as paying the electric are the ones who would've just mined it to sell anyhow--and the folks who are here for the GPUs are concerned because the owner hasn't truly provided any proof of capability he can provide flow.

I would love a $5 electric bill, I won't lie. Haha. But my electric is paid for in mining, so it's not a bad trade.

I meant, that asking someone to pump (buying coins) would increase (artificially since he would be buying all the coins) the value of the coin making the gpu cheaper for everyone in the sense that you would have less coin to mine to get a gpu.
Technically he would be buying the gpu's for those who have small amount of coins.

How is this different than mining any other alt coin, trading for BTC and then buying your GPUs from someone such as Tiger Direct?  Last I checked they have RAM, Mother Boards, PSU's, complete rigs.... Etc.

Not being trying to be a "Debbie Downer" here - especially when I am currently mining this coin, but..... am I missing something?

I really don't understand all of the worry here. If it's a scam, it's a scam and everyone supporting (time, electricity, money, etc) any coin is taking risk in any crypto-currency. Each of us has to make our on evaluations and decisions as to which ones to pursue. That being said, I see no need to worry about only IPO investors, whales, or big miners reaping the rewards or being the only individuals able to obtain or purchase GPU's.

The market will auto correct as soon as the store sets the GPUC price per video card. As soon as that happens, the early adopters may (hopefully) will get a good deal if they see the price early and a buy the GPU coins already for sale on the market at a low rate (sucks for those sellers who already have sell orders sitting on the exchanges). This would also reward those who have supported the GPUCOIN early as well. But, the sellers will quickly increase their asking price as soon as they see the demand driven by the graphics cards prices. After the market normalizes around this initial set value, the storefront owners (CEO) can pull real-time coin market values and set the prices from this. I hope that the initial store prices are set to some easy to interpret value (e.g. 5,000 or 500,000 per card) and not some obscure price of millions of GPU coins for a video card (e.g. 38,756,321 GPUC per card).

So, for an extreme example, let's assume the store opens up and the price for an R9 280x is 400 GPUC (~.0017 BTC or $1) and there is a limit 1 per customer (just for kick-off purposes until the market and 280x supply normalizes). What happens? Well, first, those who took the most risk in the beginning (IPO investors, miners, coin buyers, etc.) will be immediately rewarded because they can purchase hundreds of 280x's or sell on the exchanges for nice profits. Second, those who see the 280x GPUC price on the store front can quickly capitalize on the idiots that have GPUC market sell orders sitting on the exchanges and buy them extremely cheap. This will quickly drive the GPUC price up to a comparable fiat value.

The only thing preventing this extreme example is the current block rewards and halving. So, I doubt it will open at 400 GPUC per video card, but still could be possible if the store could supply that demand. Like others have said on here, that's the one piece we don't know about yet. What kind of supply can the store keep up with? I hope a lot, and can guarantee that the first order or two that they default on or don't ship, will kill the market price.

Anyway, it's exciting to speculate..... Good luck to all!