Monopoly money.

1 BTC.

Now the ante is up

Also, yeah they do.. you probably aren't looking in the right spot.

File Explorer -> Tools Menu -> Options -> View. There you can define your preferences. JSYK

Not always true. Some coins, which are now dead, ended up with such a high difficulty that it would've taken years to break blocks. Value was $0.

There's a balance to be maintained, but most importantly for a coin like this, is the business front-end regardless of anything else.

"Difficulty over Blocks returned" is just an indicator of how desired a coin is, not always an indice of actual value. It's generally a good indicator.. but still. Difficulty has continued going up on BTC, but value has continud to drop, for example.

XP doesn't have a live startmenu like 7. You'd have to do Start / Run, and that's if Run is enabled on his Start Menu, which it may not be.

StartKey+R would be better.

All you have to do is unselect 'hide system folders' from options ...

Between the two, Potcoin seems the better bet, and somewhat more professional. Dopecoin dev is working hard, but I'm wagering on Potcoin.

Also, made an ass ton of bitcoin off of the recent pump, so I'm a happy camper.

If the folder isn't there, how about creating it and placing the files there by hand?

Yes, now that is a good idea.


You can use gc4btc.com , very trustworthy. I talk to the owner/operator a lot and have done lots of business, I sometimes even get first pick at bulk which is nice. He might be delayed in responses this week due to personal reasons, but he is good to do business with.

I went with what my electric cost is. Your value will of course vary. I'm locked in at 10.5c/kwh in winter, 11.5c/kwh summer. One of my partners is in California, and I hear him curse the costs out there all the time. He's starting to switch his farm to Scrypt this week. As we speak actually. We've negotiated a near-wholesale deal for Scrypt systems.


You don't need Scrypt to be profitable either. After covering electric costs, I'm still raking BTC in with my GPU farm, and enjoying the heat as well. My point was that mining for GPUs is only profitable if GPUC is significantly more valuable than it is now. Which might occur one day.


Thank you. So let's say 7.5k/1mh as another poster mentioned a similar figure based on difficulty. Let's speculate:

If I mine 75k GPUC in 24 hours, and GPUC is worth 0.00000115, then that's .25875btc (presuming btc = 670usd). If the store owner worked to get a deal as good as Amazon gets, he could sell a 270 for exactly that cost.

Now as a miner, it cost me $55 in electric to earn that. So in reality for the 225,000 GPU purchase, I actually need to mine 296,000 GPUC to cover all costs. What I could've done was simply trade 225k GPUC to BTC, and then BTC->Amazon, and get the card that way.

Totally circumvents the business frontend, which is required to sustain GPUC. (edit:) Which is why i said earlier, it would demand that the market value of GPUC still be far above what it is presently.


Last Monday Amazon got one of its weekly shipments of GPUS. MSI R9 270's were $171 Prime. Factor in my 15% discount (which anyone using BTC can get), the cards were $145. Add $4 for overnight delivery, and it's pretty much $150/card. With no quantity limits.

You have to be quick on the draw. I'm constantly refreshing Amazon inventory to see what's available. What usually gets leftover are the Amazon 2nd and 3rd party resellers, which can set the card at any price they want. $200.. $300.. etc.

(edit:) Let me put it this way, 3 weeks ago when MSI 270 came in stock at $190, Amazon received a truckload of them. Several hundred to say the least. In 6 minutes they sold out, and 1 minute after that they sold out of their backorder limit. 2 weeks prior to that I saw them sell out of 250 cards in 60 seconds. I was part of that.

Because after 5 failed launches, I wasn't convinced he or the team knew anything about launching a coin, and if it never got off the ground, I can't resell anything. I took the money and ended up tripling it with trading, so I'm happy.


That's good, and I have no doubt they'll be able to make more by reselling the coin. It still doesn't establish a market value.

Can anyone tell me how much GPUC 10Mh will provide over the course of 24 hours? Then you can do some basic math and establish what GPUC should be worth vs what it is worth.

Precisely. Ultimately defeating the purpose of GPUCoin. Until ScryptN comes along in ASIC form later this year. Well wait, that would defeat the purpose as well. (see how that works?)

I'd wager I'm one of the few here with more than average ScryptN hash ability, and if you do the math like I have, what benefit for me is there to mine GPUC to buy GPUs, when I can get them for 20% below MSRP shipped next day air, with no quantity limits, using BTC?

Which is why I said, it would demand GPUC be worth a bunch, far more than the IPO value. I'm not saying it's impossible or won't become that valuable, just throwing out some real-life math for folks who maybe haven't considered it.

And if the talk of an IPO regretting refund is referring to me, I have no regrets, just like none of the other refunded former IPO purchasers. i think there were 10 of us. I bailed because I lacked faith in the owner's capability to run a business, nothing more nothing less. Others bailed for various reasons. I only bought IPO to resell it, just like is being done by some others who hold IPO right now.

I absolutely love the idea of the business model, but the lacking availability of the cards will do it in. Just a prediction. I still hope it the best, as the owner can attest, I wished him all the best.

You bring up a good point about the power costs. Actually, I had totally forgotten about the power cost to be honest. So let's toss out some data. I can personally ScryptN at around 10Mh, and it will use 7,000w/hr. If I mine for 24 hours, that's 168Kwh. If my Kwh cost is 0.11/usd, then my mining cost was around $18.50 for a day.

Speculation:

Let's say it takes 7 days to mine enough GPUC for a 270 series card. I spent $130 to pay for the electric. How much is GPUC worth at that point? The longer I have to mine for a card, the less perceived market value the coin may have based on electrical costs, because at some point electric will cost more than just buying the card outright.

Perspective:

I can get MSI R9 270's on Amazon for $150 fiat (last week's order).

This would demand GPUC be worth much, much more than it is now.

Even if they aren't the official yet, it's better that they declared it up front and started working on it before anyone else. If you don't claim it, someone else will. Anyone who comes after will automatically be viewed as a copy/illegitimate, regardless of the validity.

That's what I tried explaining to folks early on in this thread, as some folks were confident GPUC would stand up with a defined value. I said no.. it won't. GPUC is merely the transport vehicle; while a static or at least high value is preferred, it doesn't mean that will be the case. The markets will define the value of the coin. This will be based on their confidence and preference of using GPUC, which is based on the business frontend's ability to outperform its Commercial Competition in quantity/volume.

I like the overall idea of the business model, being based on a product which is in demand, but that is its own Achilles heel--it's a product which is in such high demand that the factories cannot keep up with production. Amazon is the highest volume reseller of GPUs in North America to the consumer market, followed up by Newegg, Tiger Direct, etc.

While GPUCoin will surely be able to garner some sort of partnership with a wholesale or reseller/distributor, they will not be able to outdo Amazon or the others in Accessibility and Volume. They will fill a niche for sure--no doubt about it--but they won't come close to being one of the "go to" places. Especially when, right now, you can use BTC directly on TigerDirect, or buy store giftcards with it--and with Amazon, you can go BTC->Giftcard at a 15-20% discount. So if you're a Prime member, you're getting below MSRP on the GPU's already, and then another 15-20% off of that--with next day delivery, and no quantity limits.

I'm not seeing how GPUCoin can compete with that.

I might be wrong, but this is my assessment.

Edit:

In fact, if I were GPU Coin, in addition to partnerships with resellers/wholesale establishments, I would probably be buying from Amazon and then reselling it. Perhaps this is part of his plan, it would certainly open up volume. He could then make a nice net profit on his side of the ledger if he did this and kept the GPU price below Newegg's pricing.

There's definitely private hashing of TAG going on, and I would wager it's half the network hashrate. Not a bad thing, but it does show that there's someone (or many folks) with deep pockets who believe in mining and selling the coin. It's not apparent that there's as much holding going on, as there is straight mining and selling.

Especially if you have a farm, the power bill is significant. Nothing is free for the non-privileged.

Because a portion - mid, majority..? - of the IPO is going to be dumped at the outset for a profit--it was the plan of several investors all along. Part of it is already being auctioned publically and privately as well. Hopefully will set a market price, but there's no guarantee. This is because the coin, despite being tied to a physical commodity, doesn't need to have a static or high value. It's merely a transport mechanism. It will still work at 1 satoshi, but you wouldn't want it that low.

The biggest factor will be the frontend's ability to provide easy volume of, and well-priced, GPU's. If it can do better than NewEgg and Amazon, GPUC will be in the top 5 altcoins for value. If they don't do better, it will drop and folks will dump.

It's one of the reasons TigerDirect adopted BTC by itself instead of an altcurrency like Amazon is looking into. There's no guarantee the coin's value will mature or stabilize. Too much to bother with.

I'm watching this because this isn't the first coin to have a business frontend with coin value hopefully tied to something with established value, but it is one which I believe has better chance than most. Also it's a bit of a curiosity, like something in a Zoo. 200+ pages of nothing.

It has 200+  pages because about 50 of them are broken pools spamming the thread about how awesome they are, 10 of them are people spamming/advertising other coins, and 130 of them are about how ceisure-inducing-mind-blowingly-fail the launch was. The remainder are on topic.

Depending on how you look at it, TAG Coin is the same thing. It's a coin designed to support a business front end, and whether you mine it or buy it, the owner doesn't care what the value of the coin is, because it's merely a transport vehicle.