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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 08:56:31 PM
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Given market activities, it doesn't seem like IPO holders are dumping..
Some miners still dumping though.
I've got a large % of the premine, and I'm not selling, personally..
Any news from the 'Man in charge'? People are starting to get a bit restless, understandably so, with no updates as to what's going on. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 08:50:21 PM
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Nope - I cant see the profit.
Your numbers are way out. At current price of 30 sat it would cost 2.3 million gpuc for a 280x using your 2x290 you should be getting about 800k/hash which at current difficulty is about 23,000 gpuc a day You seem to pay a lot for electric as well are you South UK? Hiya, Im estimating, I guess I should use less electricity on Scrypt-N right? Ok so lets say £3 per day. I had some problems with the pools to start with and I don't get that great a KH so 760KH and 687WU on two R9. Now I check my pool. Estimates 21 thousand per day. 30 days is one month (average) so 30 x 21000 is 630000 And that's if difficulty stays the same.... 30 x £3 = £90 how much was that R9 again? Im lost again. It still doesn't seem to jump out at me and go PROFIT or CHEAP GPU. Its just an exchange of money to electricity to coins to cards that could probably work out the same if I put 3 pound per day in the bank. With the price of GPUC being so low I agree that mining is only just breaking even for most people. I think once the store front opens the price of GPUC will rise and as long as you haven't dumped your coins for nothing you will then be in a lot better position. So with your 30 days of mining 630,000 coins you might be able to buy 1 gpu, 3 gpu's or maybe only have enough for 1/2 a gpu it all depends on how things work out |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 06:38:20 PM
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Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu per day. Now sell those on the exchange for $4 i just about break even.
Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..
cheers
Unlike other coins. GPU pricing sets the price of gpucoin. If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right. He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________" The market will immediately correct itself. That's it. Easy peasy. Man, I wish I was in control of this coin. This exactly. Surely he knows this and doesn't just use the current exchange avg. He can heavily influence the pricing using the first batch of GPU's he has already ordered. This wont work if the GPU price is not linked directly to the exchange price someone only needs to crash the market to pretty much destroy the business. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 05:56:33 PM
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Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu per day. Now sell those on the exchange for $4 i just about break even.
Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..
cheers
Unlike other coins. GPU pricing sets the price of gpucoin. If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right. He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________" The market will immediately correct itself. That's it. Easy peasy. Man, I wish I was in control of this coin. The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page. That shouldn't be fixed. Bad choice if it is. Only top dog IPOs will be able to purchase them then. No one will want to mine it since it's not profitable (yet). It's not fixed if the price goes up on the exchange which I think it will you will obviously need less GPUC to purchase a new GPU for example as I stated earlier at 0.00000045 (current price) you will need 1.725 million GPUC to purchase a 280x at 0.00000450 (price coin started) you will need 172,500 GPUC to purchase a 280x this is only 8 days mining at current difficulty at 1 MH/s True, but say it stays at the current price by the time the store opens in 2 weeks. Only IPO's like myself will be able to get one. I think that is pretty unlikely. If the price stays the same and you only manage to mine 800,000 coins and you need 1.6 million, it makes sense that you would go to an exchange buy some more GPUC for bitcoin This would raise the price of GPUC and also bring down the price of the new GPU you were about to buy |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 05:47:15 PM
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Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu per day. Now sell those on the exchange for $4 i just about break even.
Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..
cheers
Unlike other coins. GPU pricing sets the price of gpucoin. If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right. He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________" The market will immediately correct itself. That's it. Easy peasy. Man, I wish I was in control of this coin. The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page. That shouldn't be fixed. Bad choice if it is. Only top dog IPOs will be able to purchase them then. No one will want to mine it since it's not profitable (yet). It's not fixed if the price goes up on the exchange which I think it will you will obviously need less GPUC to purchase a new GPU for example as I stated earlier at 0.00000045 (current price) you will need 1.725 million GPUC to purchase a 280x at 0.00000450 (price coin started) you will need 172,500 GPUC to purchase a 280x this is only 8 days mining at current difficulty at 1 MH/s |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 05:39:15 PM
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Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu per day. Now sell those on the exchange for $4 i just about break even.
Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..
cheers
Unlike other coins. GPU pricing sets the price of gpucoin. If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right. He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________" The market will immediately correct itself. That's it. Easy peasy. Man, I wish I was in control of this coin. The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 05:33:23 PM
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Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu per day. Now sell those on the exchange for $4 i just about break even.
Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..
cheers
Your mistake is you are treating this coin like any other where you mine and dump for profit. If that is what you want you would be better mining DOGE or something else The price of this coin will rise when the shop front opens then it's up to you whether you dump or use what you have to buy a new gpu |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 05:15:13 PM
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There goes the hashrate... Coming Soon: Dead coin
Hashrate is still 1.6 GH/s if you take into account that scrypt-n is only giving 50% of mining speeds Hashrate was 3.5gh for a few days. The ones looking for quick profit have left, so now there's a better picture of the real supporters. Yes I agree it means people who stick with the mining will receive a lot more coins 0.8 GH/s (1.6GH/s scrypt) is still a pretty healthy hashrate compared to most other coins and far from being dead |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 05:02:51 PM
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So at current price it would take 100 days.
Like I've said before though I'm sure the price is going to go up when the shop front opens and the price of a graphics card in gpuc will come down
If your paying £4 a day for electric It would probably be cheaper to actually buy gpuc at current price
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 04:56:59 PM
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Nope - I cant see the profit.
Your numbers are way out. At current price of 30 sat it would cost 2.3 million gpuc for a 280x using your 2x290 you should be getting about 800k/hash which at current difficulty is about 23,000 gpuc a day You seem to pay a lot for electric as well are you South UK? |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 03:11:47 PM
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Just a curios question and no complaints.
How is it I am getting more coins a day now with the same hash rate and difficulty rising?
Is it possible less people are mining it now?
Difficulty is half at least what it was yesterday even if it is slowly rising back up now Just checked and difficulty is still falling |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 02:13:09 PM
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Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.
I see what you did thar  How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin Yes but who buy gpu's ? Miners. How do they get their coins ? By Mining not by buying (unless it becomes very cheap) Unless they have only mined 500,000 coins and need to buy another 500,000 to purchase a new GPU It will be like getting an extra discount on an already cheap card |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 02:02:49 PM
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Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.
I see what you did thar How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin Exactly or mine obviously. This is why the price will go up ands is also why I don't understand people who are dumping GPUC for nothing now |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 02:00:03 PM
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Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.
Put it on an exchange at market value. The system should manage itself. Unless people try to crash the coin itself, they won't over-value it. Then just convert the BTC, just like any other coin. GPUC -> BTC The system doesn't really manage itself. It is managed by traders who make their profit by buying low and selling higher. So each time there will be a sell, a large amount of gpucoin will be released and put on sell and the shop will be in the obligation to sell their coins to get btc's (I mean will he have the possibility to wait ?). Looks to me any trader will do his best to push down the value before buying it ? The price in GPUC per GPU will have to change in real-time. At current prices a 280x is going to be around 2.3 million GPUC I can't see it staying at that price for long though |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 12:37:58 PM
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Hello. What's the current market rate for GPUC? Anyone know if the store is still scheduled to open in 2 weeks? Thanks.
Current price between 25 sats and 45 sats I wouldn't pay to much attention to the price at the moment though. As far as I'm aware store was due to open 2 weeks after launch an update would be nice though |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GPUC] GPU Coin
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on: March 11, 2014, 09:30:09 AM
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From 200 Satoshi to 30 Satoshi... in one night are you serious?
IPO holders would not dump their shit?
Market looks quite different...
Do you really still think it's smart to buy IPO and that it is healthy for a market when millions of coins are spread around in the same hour?
This was somewhat expected. Wait a few days to make an analysis. Of course, anyone who's able just to think one meter far would expect, that it is bad for any market to flood it with supply. Well, anyone but these that bought into IPO. Some people on here have no patience. This coin hasn't even got off the ground yet, wait for a week or so until more info about the shop front is available, I'm pretty sure the price is going to go up. You need to look at the trade volume, as far as I can tell no one is dumping the buy orders aren't there to make it worth while even if people wanted too. I received my IPO last night and this morning I am buying more while the price is so cheap (not much higher than the original IPO cost) |
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