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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin | GPU sale Friday~ Get a TOXIC R9 280X for $300 on: April 01, 2014, 09:04:36 AM
Looking at http://coinmarketcap.com/ the GPUC has for column "volume (24h)" less than $800.

Can someone explain to me what does Volume (24h) column represent and how is it calculated?


the amount of money is traded in past 24h in all exchanges that coinmarketcap has included in the calculation
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin | GPU sale Friday~ Get a TOXIC R9 280X for $300 on: April 01, 2014, 08:03:44 AM
And Jaymes does not make money no matter what. He has to be able to dump the coins he collects to the market, just like anyone else, and thats not happening right now. Personally, much as I hate the idea of a hardfork, changing the block time to 2 1/2 minutes would solve a lot of problems right now. There are enough coins on the market for the business to run efficiently and it would stop the mine-n-dumpers right in their tracks. Plus it would raise the difficulty level, psychological only I know, but most miners see a higher difficulty, and they see more value along with it.

Anyways, walt maybe you can talk to Jaymes about this next time you see him (I'm not on IRC enough).

I'm ready to make any code changes to the coin as necessary for this project. 

Nothing is unfixable.. we just need to determine the best path forward.

I will certainly pass it along tomorrow, if we could get more input from the community between now and tomorrow afternoon that would be great.

waltsmith
Well you know my position on this. As a miner and IPO investor I see two problems.  The ipo value of GPU coin was about 20 satoshi,
and currently it is at 7 satoshi (not good), if it gets much lower it could be game over.  Miners can not mine this coin and sell under
20 satoshi and cover electricity anyways.  The coin needs to have a higher value.  Now obviously it needs more P.R., more miners, more exchanges and traders to thrive.  There currently is way too many coins minted in such a short time, which causes the exchanges to have WAY more sellers than buyers.  20,000 coins/block is just a lot of coins. I really think the block reward needs to be halved, and halved again on a much quicker time frame then originally planned.  Scarcity causes value.  It is very hard to mine a bitcoin, and there will be relatively very few produced (21M), so bitcoin has perceived rarity and value like a diamond.  GPU coin is more like DOGE coin, where there is just a shit load of them being produced because they are so easy to mine. The difference that keeps DOGE coin going is the constant marketing, news articles, promos, and community that just makes it go viral, which GPU coin is lacking.  Even so, I personally don't mine or buy DOGE because I feel that a coin should be worth a reasonable amount of USD.  I can grasp that a bitcoin is worth $468, and a litecoin is worth $13, but I can not grasp (easily) that a GPU coin or Doge coin is worth .000037444 cents!  I would much rather have the block reward be 20 instead of 20,000 and a GPU coin worth 37 cents or 8000 satoshi. With a more realistic alt coin price, people would be more interested in it, it is a vicious circle, but now at 8 satoshi we are heading awfully close to the death spiral of 1 satoshi and graveyard.  I think a hard fork and block reward reduction with an increased halving time would help a lot, and I can't see it upsetting anyone because it is just a wallet update, the ipo holders investment would go up, and new and current miners would be happy since they could mine a coin that is worth more than the electricity they burn.  Plus wouldn't the store rather sell a 280x for 10,000 gpu than 10 Million like it is now? Think about it.  And I know coins are made to still be mineable till like 2040, and that is important for the mainstream coins like bitcoin or litecoin, but do you really think the world is going to be paying for everything in GPU coin in 2030? No, that is not what it is designed for, and that is why speeding up the halving is not a bad idea.  Who cares if all the coins will be mined in 2030 instead of 2040?  CEO shouldn't care, he will either be retired by then, or still selling stuff and re-circulating the coin.  And there will always be traders and miners if there is a fee or reward that is worthwhile.

Have you seen what happened to the coins which were halved prematurely? Rapid deciline in price. Idea is simple that if we supply shortens, then price will go up, ofcourse if demand is constant. But history have shown that, its not the case.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★█ Zeitcoin Movement █★ [ZEIT] POW/POS ★BOUNTIES★ Join Our Thriving Community! on: March 27, 2014, 12:22:52 PM
does minting even works when wallet is encrypted and not synced? Or should wallet be always open inorder to mint?
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin | GPU on-line sales OPEN | Marketplace is live on: March 27, 2014, 07:43:12 AM
Dont only target mintpal, coinedup is proper exchange as well, maybe its even easier to get there.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: CoinMarket.io | New, self-moderated support and news thread. on: March 26, 2014, 07:39:10 PM
Basically we don't have the back end skills to write a script to check where depositdate >= 2014-03-01 00:00:00.000

So I am just going to tell you that all deposits get put into cold storage and we will determine the % cut off the top everyone will have to take. So if you deposit 2 btc into our exchange today
and lets say a total of 10% of bitcoins was exploited then you will get 1.6 btc back. So if anyone wants to help they can deposit bitcoins into our exchange now to lower the % of bitcoins exploited.

It will help everyone out.



HAHAHA, btw its not a real coinmarket.io its some fake .i0 < zero or some clever scam this time
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: CoinMarket.io | New, self-moderated support and news thread. on: March 26, 2014, 05:24:38 PM
funny that they offically announced they are going to shut down the webiste. Why didn't do it earlier, because of greed... wanted more btc. Pity
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: CoinMarket.io | New, self-moderated support and news thread. on: March 26, 2014, 03:55:19 PM
holy crap my noble also went through  Huh 5x 1million noble received.
only waiting for 0.998 btc.

Yeah that is the problem, imo bitcoins should of been done first.

They will not give btc back, as they were only after btc... additional coins would give them too much heat, so they take only the most valuable coin.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin | GPU on-line sales OPEN | Marketplace is live on: March 26, 2014, 03:06:20 PM
Please remove GPUCoin from crytorush as its BAD MARKETING to have a SCAMM EXCHANGE as your coin manager:
 http://www.cryptocoinsnews.com/2014/03/26/cryptorush-support-worker-leaks-inside-info/
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin | GPU on-line sales OPEN | Marketplace is live on: March 26, 2014, 08:02:03 AM
DEV! Please remove cryptorush from "Exchange" as they are obviously screwing alot customers.
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: CoinMarket.io | New, self-moderated support and news thread. on: March 24, 2014, 09:29:42 PM
Waiting for manual processing of stuck withdrawals
on my coinmarket.io acount
the amount of BTC  0.06541778
Thu Mar 06 2014 14:28:04
Transaction id: 3cb3dbc2a8b7f9414023c6d8283a3d02b921a3277b3e4c835acf19783d25ce2b
never come on the destination adres
withdrawal to 1GytjiAfcjj3Y6BfAQz27BAbdhL46gQGrP
coinmarket.io give me response  It's not happening ....

Thank you,

BR



P.S. IP on withdrawal could be a CloudFlare ip ... somethink like 140. ... what is not mine ...

they must be doing it alphabetical order by account name mine start with a.

Lol, not easy living with quilt is it? It will haunt you the rest of your life, if you don't return the coins. Make honest living - by mining
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: CoinMarket.io | New, self-moderated support and news thread. on: March 24, 2014, 08:46:15 PM
.97 btc returned. Thanks coinmarket . your script work. I wish ur exchange was not shutting down the speed was really good.

yeah, sure, damn Kenneth.. weak scam scheme as you're feeling bad that you just ripped alot of poor people off.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★█ Zeitcoin Movement █★ [ZEIT] POW/POS ★BOUNTIES★ Join Our Thriving Community! on: March 22, 2014, 05:15:37 PM

MOFO, lol

Error: running with an unencrypted wallet, but walletpassphrase was called

How could I set pass if theres no conf file? Walk me thro

Settings > Encrypt Wallet ...



hahaha lol, didn't expect its that easy. embarrassing
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★█ Zeitcoin Movement █★ [ZEIT] POW/POS ★BOUNTIES★ Join Our Thriving Community! on: March 22, 2014, 05:07:04 PM
I tried this "walletpassphrase YOUR_PASSWORD 9999999 true" in console but says error. Also I Have not set any password as there is no conf file in there. What should I do in order to get minting

Firstly, letting us know the error would help.

I'm assuming the error is stating you haven't set a password and therefore you can't unlock the wallet as it's already unlocked.
You must be one brave MOFO to leave your wallet unencrypted!


MOFO, lol

Error: running with an unencrypted wallet, but walletpassphrase was called

How could I set pass if theres no conf file? Walk me thro
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★█ Zeitcoin Movement █★ [ZEIT] POW/POS ★BOUNTIES★ Join Our Thriving Community! on: March 22, 2014, 04:53:02 PM
I tried this "walletpassphrase YOUR_PASSWORD 9999999 true" in console but says error. Also I Have not set any password as there is no conf file in there. What should I do in order to get minting
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: CoinMarket.io | New, self-moderated support and news thread. on: March 21, 2014, 08:30:41 AM
we need to take further action in order to get our coins back. Obviously we will not get them by just sitting, call police, do whatever you can. I back it up 100%
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★█ Zeitcoin Movement █★ [ZEIT] POW/POS ★BOUNTIES★ Join Our Thriving Community! on: March 20, 2014, 03:02:14 PM
I put today my ny new Gigabyte R280X  Grin Grin Grin to my pc but i have a small improvement in kh/s from 450 i went to 600kh/s but i think can go more at least 750 i have to search more the settings.Anyone with the same card???

Almost any 280x, gigabyte most certainly, can do above 700. my asus dc2t can go to 800kh per sec
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★█ Zeitcoin Movement █★ [ZEIT] POW/POS ★BOUNTIES★ Join Our Thriving Community! on: March 20, 2014, 12:13:29 PM
when the pos starts and how it works? How much do u really get from mining with 1mh/s in 24h at todays stats?

There have been many, many postings about how it works, please feel free to either search back a few pages (thus also learning more about our community) or use the forum search function.

I stopped mining Zeit a few days ago, worked out I would end up with +50% more Zeit by mining Doge & buying Zeit with the proceeds. This also increases the DEMAND for the coin without increasing the SUPPLY thus better for future growth.

I have enough Zeit in my wallet that minting (PoS) will be MASSIVELY better than mining  - by a factor of maybe 6 or 7 THOUSAND times.

If you have 10 million in your wallet you will get 2.5 million through minting in year one. That's an average of 6,850 per day. After week 6 you'll be lucky to get a coin or two per day through mining (depending on the network hashrate).

Effectively, that 10 million in your wallet will be operating as a 6.8 GIGA hash rig, but without the electricity costs.

GET ZEIT INTO YOUR WALLET & KEEP THEM THERE!

So it works in which wallet? Offline wallet as well?
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★█ Zeitcoin Movement █★ [ZEIT] POW/POS ★BOUNTIES★ Join Our Thriving Community! on: March 20, 2014, 11:25:44 AM
when the pos starts and how it works? How much do u really get from mining with 1mh/s in 24h at todays stats?
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: CoinMarket.io | New, self-moderated support and news thread. on: March 18, 2014, 02:35:23 PM
0.07btc stuck since week ago or so. Still waiting Smiley

user:pisang20

Sat Mar 08 2014 23:56:13    0.07332232   BTC   173.245.53.28   confirmed
no transaction ID listed

Thank you

20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE ANN] [UKC] UK Coin – Real Team with Free UK Workshops on: March 17, 2014, 09:46:15 PM
Sounds good, I'm in!
+1
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