[GPUC] GPU Coin | Mandatory Wallet Update

[ocminer]

So...  Get ready for the next launch..

Test and Prepare Your miners  @ https://gpu.suprnova.cc
Mine Vertcoin until the switch will be done automatically like two times before already.


If you rather like to Mine Pandacoin until the launch, look at https://panda.suprnova.cc

Jump in,  lets get this thing finally Rolling!

[tagged]

https://bitcointalk.org/index.php?topic=496045.0

Auction update, and this is great news, helps establish a good starting price for when this coin hits the exchanges!!  

Auctioning off 5,000,000 GPUCoins purchased as part of the original IPO in 1,000,000 Batches. Here are the current bids:

Batch 1 - 1,000,000 GPUCoins - Current bid: .7 BTC (Jackblack90909)
Batch 2 - 1,000,000 GPUCoins - Current bid: .6 BTC (Dogmygod)
Batch 3 - 1,000,000 GPUCoins - Current bid: .6 BTC (cloverleaf)
Batch 4 - 1,000,000 GPUCoins - Current bid: .6 BTC (cloverleaf)
Batch 5 - 1,000,000 GPUCoins - Current bid: .6 BTC (fiftyseven)[/size][/b][/color]

Minimum bid increase is .1 Btc. All bidding is to be done at this forum:
https://bitcointalk.org/index.php?topic=496045.0

Auction closes 1 hour after the successful launch of this coin. Happy Bidding!!!

[djm34]

https://bitcointalk.org/index.php?topic=496045.0

Auction update, and this is great news, helps establish a good starting price for when this coin hits the exchanges!! 

Auctioning off 5,000,000 GPUCoins purchased as part of the original IPO in 1,000,000 Batches. Here are the current bids:

Batch 1 - 1,000,000 GPUCoins - Current bid: .7 BTC (Jackblack90909)
Batch 2 - 1,000,000 GPUCoins - Current bid: .6 BTC (Dogmygod)
Batch 3 - 1,000,000 GPUCoins - Current bid: .6 BTC (cloverleaf)
Batch 4 - 1,000,000 GPUCoins - Current bid: .6 BTC (cloverleaf)
Batch 5 - 1,000,000 GPUCoins - Current bid: .6 BTC (fiftyseven)[/size][/b][/color]

Minimum bid increase is .1 Btc. All bidding is to be done at this forum:
https://bitcointalk.org/index.php?topic=496045.0

Auction closes 1 hour after the successful launch of this coin. Happy Bidding!!!

Just curious how much did you pay for it ?

[flaminius]

https://bitcointalk.org/index.php?topic=496045.0

Auction update, and this is great news, helps establish a good starting price for when this coin hits the exchanges!!  

Auctioning off 5,000,000 GPUCoins purchased as part of the original IPO in 1,000,000 Batches. Here are the current bids:

Batch 1 - 1,000,000 GPUCoins - Current bid: .7 BTC (Jackblack90909)
Batch 2 - 1,000,000 GPUCoins - Current bid: .6 BTC (Dogmygod)
Batch 3 - 1,000,000 GPUCoins - Current bid: .6 BTC (cloverleaf)
Batch 4 - 1,000,000 GPUCoins - Current bid: .6 BTC (cloverleaf)
Batch 5 - 1,000,000 GPUCoins - Current bid: .6 BTC (fiftyseven)[/size][/b][/color]

Minimum bid increase is .1 Btc. All bidding is to be done at this forum:
https://bitcointalk.org/index.php?topic=496045.0

Auction closes 1 hour after the successful launch of this coin. Happy Bidding!!!

Just curious how much did you pay for it ?

http://www.gpucoin.net/ipo.html

3.1BTC bid so far on 1.1BTC worth of coins... Nice return on your investment.

[cryptowest]

Development coordinator here...

Things are coming along well, we're in the testing phases now. The first 10 blocks will pay out 40m coins each, for a total of the original 400m premine/IPO.


After that, the first 300 blocks will be 0 payout. A few will be mined to confirm the premine. The rest will be to ensure a fair launch and that people arent scrambling to try and solo/instamine, causing forks.


I'll keep everyone updated and ask the CEO to update the main post.

[SkillRoad]

anyone got the IPO refund?
I send my wallet address to receive the IPO investment but until now I didn´t receive nothing.

They probably will not issue the refunds for a little bit.  They did say they would in their recent communications so I would not worry about it.




_______________________________________________________________________________ _________________________________
Next Coin Lite - Fair Distribution

[bigjme]

anyone got the IPO refund?
I send my wallet address to receive the IPO investment but until now I didn´t receive nothing.

They probably will not issue the refunds for a little bit.  They did say they would in their recent communications so I would not worry about it.


Read back a few pages. Refund is due next week after coinbase has given the CEO the bitcoins he just purchased

[vesperwillow]

anyone got the IPO refund?
I send my wallet address to receive the IPO investment but until now I didn´t receive nothing.

They probably will not issue the refunds for a little bit.  They did say they would in their recent communications so I would not worry about it.


Read back a few pages. Refund is due next week after coinbase has given the CEO the bitcoins he just purchased

Got my full refund yesterday. Just takes pressure. If you guys aren't getting your refunds, I'd be curious. He has the BTC.

[flasheart]

Update on my side of Dev.. just so you guys know stuff is actually going on....

I couldn't get in touch with cryptowest today.. may just be we're in diff timezones.. Decided instead just to continue with my code base.  This strategy isn't necessarily a bad thing: there's precedents in the industry for 2 teams to race to a project finish.. and then we have the luxury of picking the safest route.  Steve Jobs somewhat famous for driving his teams like that @ apple back in the day.

Anyways after getting home from work, doing the family stuff.. hosting some guests.  after everyone asleep.. picked up the code that I had from sunday night and made a few modifications and started testing.  Now I didn't actually just fork vertcoin/pandacoin code base to start this project, instead i took Realstackcoin, and that was from RPC and manually integrate the KGW and N-factor changes.  Not especially hard.. but you do have to be careful when splicing in other people's code in a code base where you might only understand 10% of (which in all honesty... I'm pretty noob at this, since i started hacking this code... just last week on RSC ).  A little nervous that i had some typos here and there or whatever... so started testing...

Found bug #1: TYPO on the premine.. 40M instead of 400M.. oops that would have been embarrassing
Found bug #2: had Nonce set incorrectly on genesis block (but bug was hidden behind the fact that i turned searchgenesis code block on.. which somehow modified my block.nonce to be.. correct..  i still don't get how that happens.. )  but anyways that was fixed.

Started mining on my 2 machines using linux daemon client gen=1 on CPU.. found premine block.. so basics are working....
Next test: check that block reward in GetBlockValue is working as expected (that was the relaunch2 FUBAR).

  Temporarily turned off KGW through return of bnProofOfWorkLimit in GetNextWorkRequired function
  Temporarily turned off the slow ramp Subsidy code (block 1-200 =0, block 200-720 =1 reward).  
  Temporarily turned lowered block havling down to 40 (from 250000)

Started pointing my vertcoin GPU cluster onto solo mining.. finding lots of blocks fast...
  Check listaccounts, to ensure that i'm actually getting block rewards that I'm expecting.
  Mining... waiting for my blocks to mature so i can start testing sending/receiving (should work.. but better test to make sure)

meantime : Provisioned 2 VPS nodes, one in Toronto, and one in Chicago.. to be the DNS seed , and 1 Blockchain seed node... this is for backup.  GPUC already has some nodes he purchased so we are probably going to use those nodes



Here's the full dev plan that I'm tracking to... yes it may seem a bit complicated for such a small project, but it really helps with NOT making mistakes...

Development plan
-------

Coding:
  - (done) Temporarily remove checkpoints
  - (done) Change ports
  - (done) Update GPUcoin_seeder with ports.
  - (done) All name changes, and symbol changes: GPUC
  - (done) Change max coins amount, and original COIN amount
  - (done) Change KGW retarget time
  
  - (done) Add in DNSSeed address, and hardcoded 3 node seed addresses, 3 data center VPSes: 2 in US, and 1 in canada
  - (done) Revert fix micro, milli units (this was changed before to avoid integer overflows for 100B+coins)
  - (done) Update subsidy schedule
  
    - (done) change confirmations needed to account for 60second blocktimes changed to 12
  - (done) nfactor schedule

Internal Testing:  
  - testing phase on intranet using linux CLI daemon
    - (done) test client mining
    - (done) test rewards
    - test KGW
    - test send/receive
    - test client mining (cpu)
    - test GPU mining - solo
    
   << -- we are here now -- >>
  
    - blow away all temp datadirs.
        
Final Modifications:
  - Get PNG logl & graphics from GPUC, and populate QT folder
  - Change address prefix from S to G
  - Build windows_alpha client
  - Test windows alpha client, test send on test network.
  - Add launch Seed nodes to DNSseed main.cpp hard code
  
  <functional code complete here>
  <push to github as code complete ahead of real deployment>
  
  <get code reviews>

Real Genesis blocks, and fork prevention:  
 - Update to launch pszTimestamp
 - Update to launch nTime to curent POSIX time
 - Create *real* genesis hash, merkle root, and get nonce
 - Mine to ~200 blocks
 - Get checkpoints, and update checkpoints.cpp
 - Settle on final node IP address hardcodes, and any changes to DNS seed host addresses
 
Deployment:  
 - Build Final Windows and OSX client release
 - Deploy on VPS behind firewall: DNSSeed, and Seed node
 - Setup IP tables, etc.

Final Test:
 - Test Run DNSseed and make sure it can ping seed nodes, and shows as available
 - Test that DNS seed is working using nslookup
 - Test Final windows build can connect immediately from fresh start (no previous blockdb)
 - Test Final windows build sends / receive coins working
 - Test GPU mining against "real" network for blocks 200-210 (reward=1)
 - Send private build to GPUC
 - Send 400M premine coins to GPUC's wallet
 
Final Launch:
 - Upload windows build to mega, post launch code to github
 - Launch

THIS

IS

AN

EXCELLENT

UPDATE

my confidence in the dev team has increased 5 fold.  Good Job.

[johliks]

Can anybody guess how many coins you'll need too get a R9 280X? I understand it's up to the markets. I'm just curious what so people may say.

I've concluded you'll pay more per GPU with GPUCoin than with Fiat. You can bulk order from various websites and get R9 280x's for SUB $400 USD. Remember, these guys failed at obtaining R9 290's after hyping it up and claiming "we have access and can sell ASUS R9 290 cards at $575.00 USD shipped to continental".

Personally I have no interest in R9 280x cards, especially not the Gigabyte version (they have heat problems).

[bigjme]

no one here interested in the new gtx 750Ti?
hashrate per watt, and price, it beats most if not all amd gpus now. pulling only 37W when overclocked, and hashing at around 300khash/s on scrypt for roughly £110 ($192)

[johliks]

I found out that if I accept commodities as payment I personally don't have to collect tax on anything sold within the state of VA and it's up to the person who purchased the item to claim the item and pay taxes on it in their state.  

This is a little confusing, could you please clarify:
Are you not going to collect tax?  By commodity do you mean GPUCoin?
Will customers have to deal with taxes on their own?

When you "mine" a Bitcoin or any other crypto, according to my CPA, you do not have to pay taxes. When you convert those coins to anything of value (not another crypto) THEN you have established a value for the coins and would need to pay capital gains on those coins with an acquisition cost at that point of 0 (and then take off cost of electric, possibly cost of mining rig unless you are depreciating it).

This information is according to how my CPA is readying into current laws, this post should not be considered tax advice, rather an example of how I am claiming taxes.

Your CPA agrees with my CPA.

[johliks]

no one here interested in the new gtx 750Ti?
hashrate per watt, and price, it beats most if not all amd gpus now. pulling only 37W when overclocked, and hashing at around 300khash/s on scrypt for roughly £110 ($192)

2GB of memory is practically worthless when mining scrypt-n. You'd get about 100 kh/s if that.

[bigjme]

Yeh except for the price you can get 2 for the cost of a 280X or similar with 2nd.  And use less then 80w

[Speedie]

Yeh except for the price you can get 2 for the cost of a 280X or similar with 2nd.  And use less then 80w

And pay for 2x as many motherboards, CPUs, DIMMs, cases, risers etc to get the same total hash power.

[precrime3]

This may be a bit late for this, but why not rename it something like computercoin? And sell parts that is required for a mining rig?

[bigjme]

Yeh except for the price you can get 2 for the cost of a 280X or similar with 2nd.  And use less then 80w

And pay for 2x as many motherboards, CPUs, DIMMs, cases, risers etc to get the same total hash power.

If you are only talking about a single 280X not multiple. Then why would you need 2 full systems?

My recommendation wasn't aimed at those of us that use 3 or 4 gpus per system

[d4wn0ff473]

Yeh except for the price you can get 2 for the cost of a 280X or similar with 2nd.  And use less then 80w

And pay for 2x as many motherboards, CPUs, DIMMs, cases, risers etc to get the same total hash power.

If you are only talking about a single 280X not multiple. Then why would you need 2 full systems?

My recommendation wasn't aimed at those of us that use 3 or 4 gpus per system

I just bought 2 750ti superclocked.  I'm excited because the Maxwell architecture has not been touched yet in cudaminer. While the old titan architecture is implemented to run maxwell currently; Hopefully there will be further updates that will undoubtedly increase hash power as the new architecture is brought into cudaminer. Plus at the moment they will replace my gtx580 for a third of the watts and double the hash rate. In Keccak they will get 5 times the hash rate of my gtx580 overall they are a complete win for me. Remember the most important part of maxwell implementation is the integration of an arm cpu onto the card along with the stream procs, and that in cuda 5.5 the int swap was finally fully implemented.

[flasheart]

Yeh except for the price you can get 2 for the cost of a 280X or similar with 2nd.  And use less then 80w

And pay for 2x as many motherboards, CPUs, DIMMs, cases, risers etc to get the same total hash power.

If you are only talking about a single 280X not multiple. Then why would you need 2 full systems?

My recommendation wasn't aimed at those of us that use 3 or 4 gpus per system

I just bought 2 750ti superclocked.  I'm excited because the Maxwell architecture has not been touched yet in cudaminer. While the old titan architecture is implemented to run maxwell currently; Hopefully there will be further updates that will undoubtedly increase hash power as the new architecture is brought into cudaminer. Plus at the moment they will replace my gtx580 for a third of the watts and double the hash rate. In Keccak they will get 5 times the hash rate of my gtx580 overall they are a complete win for me. Remember the most important part of maxwell implementation is the integration of an arm cpu onto the card along with the stream procs, and that in cuda 5.5 the int swap was finally fully implemented.

There may be something to this...  I havnt looked at the 750ti's till now, they are unpowered cards, so running multiple will pull too much from the MB unless you use powered risers I suppose.  That said, the CEO of this coin mentioned a partnership to get a 8 way riser cable that would plug into 1 16x slot.  if they could be powered you could in theory run 8 750TI's (2.4MH/s or higher once it gets optimized) on scrypt and only pull 600W or so from the entire rig.  The cost would be under $2000 per setup as well....  That's as cheap as current ASIC's with the flexibility of GPU.

could be interesting.

/comments?

[bigjme]

My comment is if he can get that riser and can start selling the 750's I will be using all my gpucoins to buy them a build a proper mining rig for myself

Again though while the 750Ti has a tdp of 60w it's been tested and while mining they pull around 34w without over clocking.  And that's with a 80% efficiency psu