[GPUC] GPU Coin | Mandatory Wallet Update

[BitOffer]

Does anyone know how many BTC was invested in the IPO?  325,000,000 GPUC is going to be paid to the IPO so that should tell us about the value the CEO thinks GPUC should be.  And it should give a rough estimate as to the cost of a GPU.  Right now, one 290 at $525 (GPUC store price) is .86BTC.

Around $40,000 in BTC for the IPO. That was when the BTC price was under $600. BTC has increased in value sense then.


$40,000 / 325,000,000 + expected mined coins total(short term)  = ____ est. value per coin

[1714637855]

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[1714637855]

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[1714637855]

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[goodluck0319]

when does maxpool.in payout?

[Abitcoinfuture]

Is anyone else having problems with the wallet on XP?

Running the client does not generate anything in the AppData folder.

It gives the genesis block error.

Tried quitting and opening again.

You have had nearly 12 years to adjust your situation, at the very least get off XP before you get hacked and robbed.  Install Ubuntu 13 it will support everything including unlimited graphic devices.

[dawj20]

when does maxpool.in payout?

It looks like they never found a block. So there's nothing to payout.

[vesperwillow]

And when the price is so hight that it would become profitable to mine them for GPU, I could simply cashout and buy a stack of ASICs to mine litecoin or one of the 1000 altcoins, lowering my electricity cost by factor of 10...

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.

[yodoberman]

anyone else got all shares above target? something i gotta change in the command line becouse its scrypt -n?

[illiki23]

Is anyone else having problems with the wallet on XP?

Running the client does not generate anything in the AppData folder.

It gives the genesis block error.

Tried quitting and opening again.

You have had nearly 12 years to adjust your situation, at the very least get off XP before you get hacked and robbed.  Install Ubuntu 13 it will support everything including unlimited graphic devices.

Hey asshole, my other computer is in need of repairs.  I run Ubuntu usually.  This is an old office computer I got from my parents office that I am using for the time being.

[justafool76]

this is by far the most unrewarding coin i've ever mined.
since the 2600 block i've only got 140 unconfirmed coins.

the failed launches, people having payout issues, the switch to -n after taking ipo money, no refund for the ipo, IPO coins haven't been paid..
completely frustrated with gpucoin!

sorry to here that you are getting many coins

since block 2600

ive gotten 246.29485871 GPUC

and I have I have over 80 confirmed, I am using this pool

http://gpu.poolschina.com/

and I am getting coins.

mybe try this pool and see what happens,  I think you will be surprised.

just my 5c worth

[djm34]

can someone told me who much 10 000 gpy coins worth in BTC

not much...
https://www.nxt-e.com/default.aspx?m=gpu_btc

[freeloader1969]

Current buy price on Atomic is 0.00000110 x 10,000 = 0.011 BTC

[SP4RK7]

And when the price is so hight that it would become profitable to mine them for GPU, I could simply cashout and buy a stack of ASICs to mine litecoin or one of the 1000 altcoins, lowering my electricity cost by factor of 10...

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 say you only bought the IPO to resell it, what has that got to do with the business model off the CEO and you deciding to get a refund?

IPO investors have already made 5 times initial investment if they sold now at 0.00000110

[nanoprobe]

Check your wallet, I just got a payment - did it come from leetpools? Who knows?

Nada since 5:30 EST

[dzonikg28]

can someone told me who much 10 000 gpy coins worth in BTC

not much...
https://www.nxt-e.com/default.aspx?m=gpu_btc

Check the mining profitability and make sure you mine what gets you the most in USD value and use that to exchange for GPU if you want this coin.

[ocminer]

https://gpu.suprnova.cc

With absolutely 0% Fee
The Day 1 GPU Pool
DDoS Proof
VDIff + Stratum
Look at our "Getting Started" Category on the left to configure/Download your miner


Miners, hop in and spread the hash!

[vesperwillow]

You say you only bought the IPO to resell it, what has that got to do with the business model off the CEO and you deciding to get a refund?

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.

IPO investors have already made 5 times initial investment if they sold now at 0.00000110

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.

[cvax]

I'm guessing the GPUCoin price will be pretty close to what it costs to mine. If you have to pay more than the graphics card's price you want to buy - in electricity costs - it doesn't make much sense to mine, right?

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.

Your electricity cost assumption is VERY understated. Don't forget tiered electric rates which mining definitely breaches. In California you are looking more at ~$0.34/Kwh.

In the Bay Area you only get $0.13 rates for the first ~330Kwh per month which you will breach within 2 days. Rates then jump to $0.15/Kwh for the next 100Kwh and then $0.32/Kwh for the next ~230Kwh then $0.36/Kwh for the rest. Within a week you will be paying $0.36/Kwh. Triple the costs. With that setup you are talking about expenses of 5208Kwh for a spectacular $1768.78 per month. Mining only makes sense economically if you can sell your coins to offset your electric bill and still have enough hashing power to pocket more coins than you have to sell. At the current exchange rates of 0.000001 for maybe 2.5million coins acquired in a month you're looking at maybe 2.5 BTCs per month income. That is $1562.50 at $625 BTCUSD. No profits. You'll only break even if BTC goes up or the exchange for BTC goes up.

Oh and let's also remember that there is no way you'll actually be able to dump 2.5mil coins lol.

[HackaB321]

Could you post vertminer r9 290 settings?
Thanks

[THeZoiD]

You say you only bought the IPO to resell it, what has that got to do with the business model off the CEO and you deciding to get a refund?

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.

IPO investors have already made 5 times initial investment if they sold now at 0.00000110

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.

about 10k per 1mh/s

[Jherek]

And when the price is so hight that it would become profitable to mine them for GPU, I could simply cashout and buy a stack of ASICs to mine litecoin or one of the 1000 altcoins, lowering my electricity cost by factor of 10...

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 actually don't even need scrypt-n ASICs to be profitable, mining Litecoin with enough ASICs can be already profitable enough, since you can have more than 10 times the hashrate/watt (2 gridseed equals roughly one 280x but with less than 30w). Means, that would bring me 50MH now with same powercost.

[scorpio18]

I mine on my own p2pool , i dont get to much coins, i have a low hash rate , just 6KH/s LOL ) who want to mine on my pool this is the address http://gpucoinpool.zapto.org:9404 or ip http://193.219.117.63:9404
This is what i mined : ))))