Wait wait, so let's get this straight.

900-1200 BTC are missing--regardless of how.

They're going to "fix it", despite not having the solvency to fix it?

How do you fix that when your worth was nowhere near that to begin with? "Hey public / investors / folks, can we borrow 1200 BTC" ?

A private opening once it's "complete" to the 'investors' would be worthwhile.

If the savings were decent (15-20%), likely yeah, as long as it was as simple as $->Coinbase->GPUC. I don't use this coin personally though, if I want GPUs I buy Amazon gift cards at 20% under market value, and then buy off Amazon at or below MSRP and get a super discount.


What I described is the simplest legal method. The owner of the company can't do it himself without crossing into new tax boundaries and more, much more, regulation overhead. If he wants to commit suicide, then  yes he could.


270's are amazing. My group has them running 495-500 solid with 0 HW errors, some of my folks even have them 510-520kh which is nuts awesome. So far, MSI has shown to be the most stable brand. Sapphire/Gigabyte has been a mix. The TOXIC 280X is also great, if you don't mind doing some tweaking to the bios, you can run it 750-780 at 175-200watts. Out of the box it'll do 805-820 @ 320-350w.

I agree, but it also has no tangible value which is why it's beginning to tank. It's only stayed alive due to 'celebrity' popularity. It's the E! of scrypto.


Silly talk. If you want a coin to be stable and safe, you want hashrate. The more miners, the more security. People wanting to avoid scrypt and asic don't understand what it takes to create a longterm coin with value.

I agree that if you need to get your btc out, transfer it to an alt and jump ships quick. Looking into some data and studying some reports, it appears the only reason other coins are functional is because they weren't attacked and still have value in the servers' wallet.

Lots of folks in college know what BTC is, at the least. They can use coinbase to purchase BTC with $ instantly, and then simply go to an exchange (or maybe even GPUC store itself) to get GPUC. All of this could be linked in a simple how-to on the website.

The primary link could be "Buy GPUC with $" or something.

I asked the same thing. Check out my initial post here, their response after, and my response to that: https://bitcointalk.org/index.php?topic=529227.msg5911444#msg5911444

Summary: Their coin is unique because they're working hard to spread the word of its great use.

..Wow. People already talking about changing and forking the coin in its infancy. Pathetic. Few of you understand how any of this works.

It's not the coin or the algo or the pantone color of the grey on the website, it's a matter of getting the business to be known and used. Like I said hundreds of pages back, this coin is nothing more than a transaction transport, it doesn't matter of the technical design as much as the flow of the product. If anything, ScryptN hurt more than it helped.

What you need to do, as some folks pointed out, is get the gaming community and perhaps the college community, involved. Let them know they can save a few bucks by using this system. You'll have GPU miners always since the hardware can adapt to any algo, but the volume of that target audience is going to go down dramatically this quarter, and short of something unique occuring, 2014 will see some new algos but no increase of GPU needs over supply.

Watching this project is like being at a most interesting zoo.

BTC withdrawls still failing several days consecutively. IRC support channel useless.

Any CR staff care to talk about this? Just trying to get my tiny bit of BTC off.

Exchange won't matter. Lifeblood is in the flow of the product off the shelves, and the restocking. People need to be using the coin. I realize this discussion is coming from people not having enough coin to make a purchase (at least, some folks), but there are folks who do have plenty of coin and are simply holding.

To be honest if you look at the price in the store and upvert it to USD, it's a good deal on many cards. I'm surprised someone isn't simply buying GPUC, buying the cards, and then reselling.

I'll be honest, I've considered doing that since I can pick the cards up from GPUCoin himself.

It may be wise to evaluate the method I mentioned to you in PM, which takes into account for volume. Otherwise anyone could literally control the price of the coin with a few accounts on exchanges and very little ownership in the coin.

I would also take all news with a grain of salt until a volume of undeniable evidence can point to one direction or another; whether coin was hacked/stolen, the wallet simply lost, etc. Don't leave any significant value in any exchange. Even Cryptsy is vulnerable, in fact all exchanges are.

Why use XYZ coin instead of Bitcoin for ABC purpose? That's always a good question. IMO if there's a business model in place with special features and/or agreements, then the unique coin in question would be worthwhile--otherwise use BTC.

LTC and FTC were geared toward smaller transactions, for example.

...and this is what you and folks like you don't understand. Value has nothing to do with the algo, otherwise BTC would be worth an ant's fart. Scrypt coins will go up in value, but only certain ones worth a damn. Poopcoin and Happycoin and Dogecoin  and Whatevercoin will not continue to rise over time, whether they use Scrypt, or ScyptN, or X11, or FunkynoodleAlgo or whatever.

This coin would actually be worth more right now if it were Scrypt. I know that's a hard load to swallow but it's true. I went over the math long ago as to why, but you hit on one of the points: electricity. When they switched the algo they failed to take into account electrical costs. They could've gone X11 with better results than ScryptN, but they didn't.

Anyhew, that's a dead horse. Like I said.. the business needs to get more and more attention. This would fix your problems of profitability.

Good for Sapphire, but MSI 280x are $280 on Amazon if you use BTC->Amazon giftcard. So maybe people are doing that?

As for the pricing on the website, can the web dev post up his algo for that? I'm curious as well. Mostly to see if they took my advice

51% or a Fork will be a 51% or a Fork regardless of where it comes from. GPUC is not secure from this yet, network hashrate too low. I know a few farms which could destroy the coin in a matter of minutes if they decided to. Hashrate secures the chain. You guys need more people on the entire network, regardless of where.

People just need to remain steady. If you want to mine it, mine and stay on your favorite pools. If you want to just hold some coins, buy them now before the price goes up. Pick one, or both.. and stick to it.

Unless you guys were around in BTC's early days, things were no different honestly. Potcoin is still, like its competition, a fetus. It hasn't yet been born into the commercial world, and has yet to grow, but there is great potential.

As predicted, the weak minded are concerned about the very volatile price of GPUC and exchanges. If it's low, buy it low. They should be more focused on volume/flow of the actual business market (buying GPU's). Otherwise, the owner can't process another large order of GPU's at a low price, and the entire business plan will stall and crash.

Here's an idea, buy GPU's and resell them to get your money back. Jump start the business. The community is the blood of this project, without flow, there won't be any hope for it. It's stalling because not enough purchases are being made. If it's due to the market.. let the market settle down.

It's not so much a concern, as I likely won't ever mine this coin, I'm just analyzing it and helping others see the bigger picture. I could debate your 'we take this stuff seriously' by pointing you to about 12 other coins claiming the same, but instead I will wish you the best.


I do agree that the wallet design is really far overdue for a change, as most people just copy/paste the current one. I think Megacoin is the only one I've seen actually functionally different.


Well, best of luck.

I checked the website and the promo section, it was all sparse at best unless you have a direct link to something I missed.

So far what I see is..

..no business backing/partnerships
..no commercial use at launchtime
..nothing awfully unique (many other coins have used rewards to incentivize people to spread the word)
..nothing apparently forward-thinking regarding sustainability

Not trying to skewer you, just cross-examine and determine value of what appears to be another hyped-idea of a coin platform.

BTC buy-in won't set market value as you'd like to claim; miners hitting the exchange and using the coin for commercial purposes will. If you have no commercial outlet or business partnership, this leaves only mining, and miners need to pay their electric bills, and will dump the coin for whatever value they can get.

On the positive side, you have a nice logo, I do like the logo.

Surge, what's the point of this coin project? Aside from claims for faster/better common-use transactions, why not use something else? You're pulling an initial BTC buy-in for development, toward what goal? I skimmed the thread but didn't see anything in particular--perhaps I missed it.