Looks like only a few more days left before the block reward is cut down to a max of 66. Hopefully, I can pick up a decent amount of FATE before then.
it's around 2014/03/24 21:00..  Thanks. |
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Looks like only a few more days left before the block reward is cut down to a max of 66. Hopefully, I can pick up a decent amount of FATE before then.
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How do you get GPUC onto coinmarketcap.com?
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Guys, Dev. I have a question regarding the block rewards:
Rewards（the rewards of the block is all random,depend on your fate）:
1-30days，6~100(random) fatecoin /block
31days~60days,6~66(random) fatecoin/block
61days~90days，6~33(random)fatecoin/block
91days~120days，6~16.5(random) fatecoin/block
Does it continue like this:
121days~150days, 6~8.25(random) fatecoin/block
151days~180days, 6~6(random) fatecoin/block
or
151days~180days, 6~4.125(random) fatecoin/block <-----this doesn't make sense
Would 6 fatecoin/block be the minimum from 151days on?
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Nice to see GPUC on cryptorush. How does it get it on Coinmarketcap?
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Turboseed & Ritual. I think you guys did the 1st FATE transaction for a product. haha. Anyways, is there a PR yet? FATE has a lot of potential. The community here is full of great people. Man, we could skyrocket if we can get someone like http://www.yesasia.com/ to accept FATE. However, most businesses don't know what cryptocurrency is or do they believe in it. I keep hearing in the forums that the Chinese community is a large part in cryptos. Since this is pretty much a Chinese coin, why haven't they jumped on the wagon. I see other Chinese related coins with more support than FATE like Horsecoin, but what happens to it next year in the Year of the Ram? I know people don't like premine coins but in situations like this, when we need some good promotions, who would put out the coins to do so? I am all for premines but just don't go crazy like Auroracoin (50%). Maybe if Mayday11 is willing to sell us some for cheap, since he's probably one of the top holders of FATE, we can make something happen. Probably try to get listed on an exchange or something. Just a thought. |
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Its getting harder to mine this coin, always hitting the wrong chain, transaction confirmation is bit slow but that`s not worry, not like datacoin it will take a whole day to be confirmed.  It's always been hard for me to mine FATE but for some reason I've haven't given up on it. Must be FATE. Anyways, does anyone know how many FATEs are currently in existence? How can I check? |
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Turboseed,
I just received the 10 FATEs. Thanks a lot man. Not sure why it took so long. I also hit a block too and it is confirmed! I think your FATE gave me good luck. Thanks.
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Hi Turboseed, I just opened my wallet and it's sync but I did not receive your coins. Not sure what is going on. I hope your coins aren't lost. Here is a screen shot of my wallet. The 5 unconfirmed has been there for like 3 days. I am not sure where it came from and when it will be confirmed. Also, in my transactions I tried to send my other wallet 1 fate and I didn't receive it either. But it showed up as sent and I didn't get 1 deducted. As you can see, since Feb 25th, I've only gotten 1 block. FATE is truly against me. lol Ritual, Thanks for offering to sending me some coins. My wallet is jacked up now so I don't want you to waste them. This forum is full of so many generous people it's amazing. Glad you and Turboseed made the 1st Fatecoin deal.  |
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Obviously he will set the sell price in GPUC to be profitable. Though this will be tricky with the thin order book. Just looking on NXT-E there are only total bids for 0.4BTC (of course demand for the coin can/will change when the store opens up) But so far there is only order depth to buy 1 GPU! This is of course a problem. I really don't see him being able to sell 80 GPU cards anytime soon with that thin of volume.
Yeah, that's the problem. The volume is not there yet and if you sell the GPU's at market value, only a few IPOs can afford it. You can't mine 3 million by the time the store opens (unless you're a big dog, pretty sure they don't need a 280x) and you can't even buy 3million at market value right now either. It's just going to be too much trouble for people, might as well pay the extra bucks and get it online some where. |
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1. Do you guys realise that if this coin does not go on cryptsy in the next 10 days there is no way this business model to work for the simple reason that the CEO will have to dump around 60K USD in GPU coins after the first batch order so that he can pay for the next one, and this obviously can not happen on the current exchanges without depressing the price to 1 satoshi?
2. What is going on with the marketing intiative? Any volunteers? Marketing video? Bounties for other activities?
That's why I've been saying that the CEO should have the price of the GPU's on his store immediately and just put "estimated price of 750,000GPUC to 1million GPUC" or something like that. This will stabalize the price of GPUC until the store actually opens. In the meantime, he can start selling off some of his 75 million premines to get ready for the 2nd batch. 2nd batch doesn't even need to be as large as the 1st batch, just as long as it comes in within a week or 2 after the 1st batch hits the store. He needs to be about 2 orders ahead of the game. If he waits until he sells out the 1st batch, then sell off the GPUC he received from the 1st batch, then wait until they are all exchanged into BTC, then sell them on Coinbase, then wait for the money to be deposited into his account, then place his 2nd order. That could be at least 1 or 2 months before his 2nd batch arrives! You can't just pluck a figure out of thin air, otherwise when he comes to cash in his GPUCoins they wont be worth what he has bought the GPU's for he will start off in the negative. I'm not sure how you are getting 1 to 2 months? I'm pretty sure I could go from sending my GPUC from my wallet to an exchange to ordering a GPU for £ in about 3 hours if I really wanted to. Granted this is on a slightly bigger scale but the process is the same. You do realize that at the current market price it will be like 3million per GPU and multiply that by 80 which is 240 million GPUC. Have you checked the exchanges Gpucoin are on, look at the volume. Do you really think he can sell them all that quick. Also, 1 to 2 months is being generous. If the cards are on backorder, it'll be much longer. Also, it is not picking a number out of thin air. It should be an amount above IPO pricing but not a figure that is outrageous that miners can't afford them. And this is all BEFORE the store opens so he can start selling his 75million now. How can the CEO be in the negative when he started from $0? I know exactly how much they will be currently in GPUC Lets go down the route of your suggestion. The IPO created 71 BTC's to buy GPU's with thats 71 x $630 = $44,730 Say he can buy 280x at $400 (wholesale price estimate) he sells them for 1,000,000 GPUC (currently worth 0.3 BTC at 0.00000030) that means when he sells back to market he makes 0.3 x $630 = $189 per GPU a loss of $211 on his purchase price. so from the $44730 he buys 112 GPU's and makes 112 x $189 = $21,168 That's over a 50% loss and it means the second time round he will only be able to buy 53 GPU's You can see where this is going. I mentioned in my earlier post to list the pricing before the store actually opens so that the market stabalizes. People will see that it will cost 1 million gpuc per 280x, so the price will instantly correct itself. It's a win win for everyone. GPUcoin will also get a boat load of mining support since it will be profitable now. |
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1. Do you guys realise that if this coin does not go on cryptsy in the next 10 days there is no way this business model to work for the simple reason that the CEO will have to dump around 60K USD in GPU coins after the first batch order so that he can pay for the next one, and this obviously can not happen on the current exchanges without depressing the price to 1 satoshi?
2. What is going on with the marketing intiative? Any volunteers? Marketing video? Bounties for other activities?
That's why I've been saying that the CEO should have the price of the GPU's on his store immediately and just put "estimated price of 750,000GPUC to 1million GPUC" or something like that. This will stabalize the price of GPUC until the store actually opens. In the meantime, he can start selling off some of his 75 million premines to get ready for the 2nd batch. 2nd batch doesn't even need to be as large as the 1st batch, just as long as it comes in within a week or 2 after the 1st batch hits the store. He needs to be about 2 orders ahead of the game. If he waits until he sells out the 1st batch, then sell off the GPUC he received from the 1st batch, then wait until they are all exchanged into BTC, then sell them on Coinbase, then wait for the money to be deposited into his account, then place his 2nd order. That could be at least 1 or 2 months before his 2nd batch arrives! 75 milions bounties are for further development and I am tired to repeat that we need to see how they are spent on it, especially on marketing. Only IPO money in BTC is intented to be used for buying cards. Who says you can't borrow from it and return it after the sales. |
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1. Do you guys realise that if this coin does not go on cryptsy in the next 10 days there is no way this business model to work for the simple reason that the CEO will have to dump around 60K USD in GPU coins after the first batch order so that he can pay for the next one, and this obviously can not happen on the current exchanges without depressing the price to 1 satoshi?
2. What is going on with the marketing intiative? Any volunteers? Marketing video? Bounties for other activities?
That's why I've been saying that the CEO should have the price of the GPU's on his store immediately and just put "estimated price of 750,000GPUC to 1million GPUC" or something like that. This will stabalize the price of GPUC until the store actually opens. In the meantime, he can start selling off some of his 75 million premines to get ready for the 2nd batch. 2nd batch doesn't even need to be as large as the 1st batch, just as long as it comes in within a week or 2 after the 1st batch hits the store. He needs to be about 2 orders ahead of the game. If he waits until he sells out the 1st batch, then sell off the GPUC he received from the 1st batch, then wait until they are all exchanged into BTC, then sell them on Coinbase, then wait for the money to be deposited into his account, then place his 2nd order. That could be at least 1 or 2 months before his 2nd batch arrives! You can't just pluck a figure out of thin air, otherwise when he comes to cash in his GPUCoins they wont be worth what he has bought the GPU's for he will start off in the negative. I'm not sure how you are getting 1 to 2 months? I'm pretty sure I could go from sending my GPUC from my wallet to an exchange to ordering a GPU for £ in about 3 hours if I really wanted to. Granted this is on a slightly bigger scale but the process is the same. You do realize that at the current market price it will be like 3million per GPU and multiply that by 80 which is 240 million GPUC. Have you checked the exchanges Gpucoin are on, look at the volume. Do you really think he can sell them all that quick. Also, 1 to 2 months is being generous. If the cards are on backorder, it'll be much longer. Also, it is not picking a number out of thin air. It should be an amount above IPO pricing but not a figure that is outrageous that miners can't afford them. And this is all BEFORE the store opens so he can start selling his 75million now. How can the CEO be in the negative when he started from $0? |
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Trademark, sent you FATE to test your wallet and a bit extra for supporting the coin.
First Game Code is for Battlefeild 4.
1000 FATE.
PM me for takers.
This is for an unused game code for download from AMD.
Sometimes fate is in your favor... If you are getting lots of transactions, your FATE wallet is on the wrong block chain, it will return on its own. This is the design of the coin, multiple chains, that divide and then you rejoin the correct chain after 2-3 hours unless you close your wallet and re-open on another chain. I bring in a decent amount of
FATE on my quad and SIx core machines. Also doing well with dual core APU's. Pentium Dual cores are sucking wind....
Thanks a lot Turboseed. I will let you know when I get home from work if I received the coins or not. Funny thing is, a few days ago. I tried sending 1 coin to my other fate wallet it says that it sent but nothing got deducted and the other wallet didn't receive anything. lol 2-3 hours to connect to correct chain? OK. I think that's the reason. I usually open and close it before then when I see that the coins are coming and going. Thank you. I'll try again later today, hopefully fate is on my side now. All of this should be noted on the 1st page though. Crypto miners are impatient! lol Thanks again man. Good luck on the Game Code sale. |
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I've helped @fatecoin post article since page35 including design all Q & A. Due to DEV did not have time doing any Q & A, and @fatecoin did not respect that English community lifeless,
therefore, @fatecoin gave me his account and asked me for help. However, I lost @fatecoin 's password, and now I'm using back my own account.
Dear Rit and trademark, your PM already reply.
This appears to be legitimate. Eugenetsou has PMd me the reply to some questions I sent Fatecoin, so it is clear that they are talking. I am sorry for the doubt, and I will reply to your message a little later, when I finish work. Thanks! Ritual. Yes, Eugenetsou is legit! The nice guy said he'll send me 100 FATEs for the thread title I came up with. Thanks man! That's more than what I have now after mining on and off for a week or so. I think I have a jacked up wallet or something. The FATEs keep coming in "immature" like water but disappears instantly like magic. FATE is yet to be on my side. lol |
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1. Do you guys realise that if this coin does not go on cryptsy in the next 10 days there is no way this business model to work for the simple reason that the CEO will have to dump around 60K USD in GPU coins after the first batch order so that he can pay for the next one, and this obviously can not happen on the current exchanges without depressing the price to 1 satoshi?
2. What is going on with the marketing intiative? Any volunteers? Marketing video? Bounties for other activities?
That's why I've been saying that the CEO should have the price of the GPU's on his store immediately and just put "estimated price of 750,000GPUC to 1million GPUC" or something like that. This will stabalize the price of GPUC until the store actually opens. In the meantime, he can start selling off some of his 75 million premines to get ready for the 2nd batch. 2nd batch doesn't even need to be as large as the 1st batch, just as long as it comes in within a week or 2 after the 1st batch hits the store. He needs to be about 2 orders ahead of the game. If he waits until he sells out the 1st batch, then sell off the GPUC he received from the 1st batch, then wait until they are all exchanged into BTC, then sell them on Coinbase, then wait for the money to be deposited into his account, then place his 2nd order. That could be at least 1 or 2 months before his 2nd batch arrives! |
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Dear Rit
Forgive my poor English!
sorry~ i use this account~ I forgot the fatecoin password~
I'm a miner of fatecoin，and i love fatecoin...
This manual is written by my self~ only want to help for Chinese miners...
I really don't have much time to do all about fatecoin, Including translation for DEV and fatecoin, etc.
your PM will reply tomorrow!
FYI: the file is only a pdf file, it will not killing your computer~
best regards
So you're saying you're "fatecoin" the founder of this coin? or a miner that have used fatecoins account? |
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Hello. What is the current market rate for GPUC? Is it still above IPO prices? Sorry, I am at work and they blocked the exchange sites. Thanks.
0.00000030 Thanks. That's sad. |
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