[GPUC] GPU Coin | Mandatory Wallet Update

[fpgaxi]

https://www.mintpal.com/voting

is a good exchange platform！

 

+1 for Mintpal. Fast deposit/withdrawls, good support, not scaming like Cryptsy with its massive deposit delays and manipulation with new coins they add to exchange.
To my mind online store should be opened earlier than GPUc appears on large exchanges, if not, there is a chance to be dumped.

[1714632599]

1714632599

[1714632599]

1714632599

[1714632599]

1714632599

[pastet89]

1. Do you guys realise that if this coin does not go on cryptsy in the next 10 days there is no way this business model to work for the simple reason that the CEO will have to dump around 60K USD in GPU coins after the first batch order so that he can pay for the next one, and this obviously can not happen on the current exchanges without depressing the price to 1 satoshi?

2. What is going on with the marketing intiative? Any volunteers? Marketing video? Bounties for other activities?

[divlyfein]

BTW, has everyone seen this? Not available until late summer (long ways off in crypto-time), but sure would be nice to see something like this in the store. FANCY looking! lol

http://www.indiegogo.com/projects/dopamine-cryptocurrency-mining-case-by-red-harbinger

waltsmith

Those look insane! I have yet to see anything wrong with my milk crate though

[huhliki.k]

 GPU Coin. http://xhash.net
Round Shares & Round Transactions?








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[Decagrog]

Anyone have any experience getting listed on the large exchanges?

Well I don't have much experience, but I do know this:
GPU coin is listed on 4 complete no-name unknown rinky-dink exchanges.
And you won't get on the big ones (Cryptsy, Coins-E, etc.) until the coin
is on the various crypto charts.
http://coinpolice.com/coin-comparison/
http://www.coinchoose.com/
http://coinmarketcap.com/
http://www.cointweak.com/calculator/index/scrypt
 So what do most coin devs do?
Simple, they pay (or bribe, depending on how you look at it) the medium
sized exchanges to get listed. Think Mintpal, Cryptorush, etc.

Tips appreciated:
GYRzmSL3FYu8gNdUfn28TT7BNGnQkrn9wr

They pay or they get invited to the best exchanges if the coin has good potential and become viral...sadly at the moment is not the case.

[Decagrog]

So this is the prototype a friend has made that holds 8 GPUs, which will work well with the 16x 8 way splitter that is currently under development.  This is NOT a final design and there are already a few things I want changed, but it's progress in the right direction.  Welded aluminum frame and we're shooting for a selling price of $100 worth of GPUC.

Working on raw alluminium or others alloy can be worth if you have in mind a design with custom/complex shape, otherwise why bother with it when you can use extruded profiles?

I understand that it's just a prototipe but keep in mind that if you are gonna to design a complex shape is imperative to work the pieces with a CNC machine in order to cut them neatly, equally and speed up the build process.

[trademark]

1. Do you guys realise that if this coin does not go on cryptsy in the next 10 days there is no way this business model to work for the simple reason that the CEO will have to dump around 60K USD in GPU coins after the first batch order so that he can pay for the next one, and this obviously can not happen on the current exchanges without depressing the price to 1 satoshi?

2. What is going on with the marketing intiative? Any volunteers? Marketing video? Bounties for other activities?

That's why I've been saying that the CEO should have the price of the GPU's on his store immediately and just put "estimated price of 750,000GPUC to 1million GPUC" or something like that.  This will stabalize the price of GPUC until the store actually opens. In the meantime, he can start selling off some of his 75 million premines to get ready for the 2nd batch. 2nd batch doesn't even need to be as large as the 1st batch, just as long as it comes in within a week or 2 after the 1st batch hits the store.  He needs to be about 2 orders ahead of the game.  If he waits until he sells out the 1st batch, then sell off the GPUC he received from the 1st batch, then wait until they are all exchanged into BTC, then sell them on Coinbase, then wait for the money to be deposited into his account, then place his 2nd order. That could be at least 1 or 2 months before his 2nd batch arrives!

[SP4RK7]

1. Do you guys realise that if this coin does not go on cryptsy in the next 10 days there is no way this business model to work for the simple reason that the CEO will have to dump around 60K USD in GPU coins after the first batch order so that he can pay for the next one, and this obviously can not happen on the current exchanges without depressing the price to 1 satoshi?

2. What is going on with the marketing intiative? Any volunteers? Marketing video? Bounties for other activities?

That's why I've been saying that the CEO should have the price of the GPU's on his store immediately and just put "estimated price of 750,000GPUC to 1million GPUC" or something like that.  This will stabalize the price of GPUC until the store actually opens. In the meantime, he can start selling off some of his 75 million premines to get ready for the 2nd batch. 2nd batch doesn't even need to be as large as the 1st batch, just as long as it comes in within a week or 2 after the 1st batch hits the store.  He needs to be about 2 orders ahead of the game.  If he waits until he sells out the 1st batch, then sell off the GPUC he received from the 1st batch, then wait until they are all exchanged into BTC, then sell them on Coinbase, then wait for the money to be deposited into his account, then place his 2nd order. That could be at least 1 or 2 months before his 2nd batch arrives!

You can't just pluck a figure out of thin air, otherwise when he comes to cash in his GPUCoins they wont be worth what he has bought the GPU's for he will start off in the negative.

I'm not sure how you are getting 1 to 2 months?

I'm pretty sure I could go from sending my GPUC from my wallet to an exchange to ordering a GPU for £ in about 3 hours if I really wanted to. Granted this is on a slightly bigger scale but the process is the same. 

[loicatraile]

I really like the idea.. we will just have to wait until the online store is online to see if this is a sustainable project

[trademark]

1. Do you guys realise that if this coin does not go on cryptsy in the next 10 days there is no way this business model to work for the simple reason that the CEO will have to dump around 60K USD in GPU coins after the first batch order so that he can pay for the next one, and this obviously can not happen on the current exchanges without depressing the price to 1 satoshi?

2. What is going on with the marketing intiative? Any volunteers? Marketing video? Bounties for other activities?

That's why I've been saying that the CEO should have the price of the GPU's on his store immediately and just put "estimated price of 750,000GPUC to 1million GPUC" or something like that.  This will stabalize the price of GPUC until the store actually opens. In the meantime, he can start selling off some of his 75 million premines to get ready for the 2nd batch. 2nd batch doesn't even need to be as large as the 1st batch, just as long as it comes in within a week or 2 after the 1st batch hits the store.  He needs to be about 2 orders ahead of the game.  If he waits until he sells out the 1st batch, then sell off the GPUC he received from the 1st batch, then wait until they are all exchanged into BTC, then sell them on Coinbase, then wait for the money to be deposited into his account, then place his 2nd order. That could be at least 1 or 2 months before his 2nd batch arrives!

You can't just pluck a figure out of thin air, otherwise when he comes to cash in his GPUCoins they wont be worth what he has bought the GPU's for he will start off in the negative.

I'm not sure how you are getting 1 to 2 months?

I'm pretty sure I could go from sending my GPUC from my wallet to an exchange to ordering a GPU for £ in about 3 hours if I really wanted to. Granted this is on a slightly bigger scale but the process is the same.  

You do realize that at the current market price it will be like 3million per GPU and multiply that by 80 which is 240 million GPUC.  Have you checked the exchanges Gpucoin are on, look at the volume. Do you really think he can sell them all that quick.  Also, 1 to 2 months is being generous.  If the cards are on backorder, it'll be much longer.  Also, it is not picking a number out of thin air. It should be an amount above IPO pricing but not a figure that is outrageous that miners can't afford them.  And this is all BEFORE the store opens so he can start selling his 75million now.  How can the CEO be in the negative when he started from $0?

[pastet89]

1. Do you guys realise that if this coin does not go on cryptsy in the next 10 days there is no way this business model to work for the simple reason that the CEO will have to dump around 60K USD in GPU coins after the first batch order so that he can pay for the next one, and this obviously can not happen on the current exchanges without depressing the price to 1 satoshi?

2. What is going on with the marketing intiative? Any volunteers? Marketing video? Bounties for other activities?

That's why I've been saying that the CEO should have the price of the GPU's on his store immediately and just put "estimated price of 750,000GPUC to 1million GPUC" or something like that.  This will stabalize the price of GPUC until the store actually opens. In the meantime, he can start selling off some of his 75 million premines to get ready for the 2nd batch. 2nd batch doesn't even need to be as large as the 1st batch, just as long as it comes in within a week or 2 after the 1st batch hits the store.  He needs to be about 2 orders ahead of the game.  If he waits until he sells out the 1st batch, then sell off the GPUC he received from the 1st batch, then wait until they are all exchanged into BTC, then sell them on Coinbase, then wait for the money to be deposited into his account, then place his 2nd order. That could be at least 1 or 2 months before his 2nd batch arrives!

75 milions bounties are for further development and I am tired to repeat that we need to see how they are spent on it, especially on marketing.
Only IPO money in BTC is intented to be used for buying cards.

[WhiteyZ]

Maybe somebody opens a new exchange, where you can buy GPUC with FIAT? It would be great for CEO, cause than he hasnt the step to exchange in BTC, than in FIAT... The exchange could be very successfull, if the Online-Store is an success....

[trademark]

1. Do you guys realise that if this coin does not go on cryptsy in the next 10 days there is no way this business model to work for the simple reason that the CEO will have to dump around 60K USD in GPU coins after the first batch order so that he can pay for the next one, and this obviously can not happen on the current exchanges without depressing the price to 1 satoshi?

2. What is going on with the marketing intiative? Any volunteers? Marketing video? Bounties for other activities?

That's why I've been saying that the CEO should have the price of the GPU's on his store immediately and just put "estimated price of 750,000GPUC to 1million GPUC" or something like that.  This will stabalize the price of GPUC until the store actually opens. In the meantime, he can start selling off some of his 75 million premines to get ready for the 2nd batch. 2nd batch doesn't even need to be as large as the 1st batch, just as long as it comes in within a week or 2 after the 1st batch hits the store.  He needs to be about 2 orders ahead of the game.  If he waits until he sells out the 1st batch, then sell off the GPUC he received from the 1st batch, then wait until they are all exchanged into BTC, then sell them on Coinbase, then wait for the money to be deposited into his account, then place his 2nd order. That could be at least 1 or 2 months before his 2nd batch arrives!

75 milions bounties are for further development and I am tired to repeat that we need to see how they are spent on it, especially on marketing.
Only IPO money in BTC is intented to be used for buying cards.

Who says you can't borrow from it and return it after the sales.

[SP4RK7]

1. Do you guys realise that if this coin does not go on cryptsy in the next 10 days there is no way this business model to work for the simple reason that the CEO will have to dump around 60K USD in GPU coins after the first batch order so that he can pay for the next one, and this obviously can not happen on the current exchanges without depressing the price to 1 satoshi?

2. What is going on with the marketing intiative? Any volunteers? Marketing video? Bounties for other activities?

That's why I've been saying that the CEO should have the price of the GPU's on his store immediately and just put "estimated price of 750,000GPUC to 1million GPUC" or something like that.  This will stabalize the price of GPUC until the store actually opens. In the meantime, he can start selling off some of his 75 million premines to get ready for the 2nd batch. 2nd batch doesn't even need to be as large as the 1st batch, just as long as it comes in within a week or 2 after the 1st batch hits the store.  He needs to be about 2 orders ahead of the game.  If he waits until he sells out the 1st batch, then sell off the GPUC he received from the 1st batch, then wait until they are all exchanged into BTC, then sell them on Coinbase, then wait for the money to be deposited into his account, then place his 2nd order. That could be at least 1 or 2 months before his 2nd batch arrives!

You can't just pluck a figure out of thin air, otherwise when he comes to cash in his GPUCoins they wont be worth what he has bought the GPU's for he will start off in the negative.

I'm not sure how you are getting 1 to 2 months?

I'm pretty sure I could go from sending my GPUC from my wallet to an exchange to ordering a GPU for £ in about 3 hours if I really wanted to. Granted this is on a slightly bigger scale but the process is the same.  

You do realize that at the current market price it will be like 3million per GPU and multiply that by 80 which is 240 million GPUC.  Have you checked the exchanges Gpucoin are on, look at the volume. Do you really think he can sell them all that quick.  Also, 1 to 2 months is being generous.  If the cards are on backorder, it'll be much longer.  Also, it is not picking a number out of thin air. It should be an amount above IPO pricing but not a figure that is outrageous that miners can't afford them.  And this is all BEFORE the store opens so he can start selling his 75million now.  How can the CEO be in the negative when he started from $0?

I know exactly how much they will be currently in GPUC

Lets go down the route of your suggestion.

The IPO created 71 BTC's to buy GPU's with thats 71 x $630 =  $44,730

Say he can buy 280x at $400 (wholesale price estimate) he sells them for 1,000,000 GPUC (currently worth 0.3 BTC at 0.00000030) that means when he sells back to market he makes 0.3 x $630 = $189 per GPU a loss of $211 on his purchase price.

so from the $44730 he buys 112 GPU's and makes 112 x $189 = $21,168

That's over a 50% loss and it means the second time round he will only be able to buy 53 GPU's

You can see where this is going.

[grbox2001]

Obviously he will set the sell price in GPUC to be profitable. Though this will be tricky with the thin order book. Just looking on NXT-E there are only total bids for 0.4BTC (of course demand for the coin can/will change when the store opens up) But so far there is only order depth to buy 1 GPU! This is of course a problem. I really don't see him being able to sell 80 GPU cards anytime soon with that thin of volume.

[trademark]

1. Do you guys realise that if this coin does not go on cryptsy in the next 10 days there is no way this business model to work for the simple reason that the CEO will have to dump around 60K USD in GPU coins after the first batch order so that he can pay for the next one, and this obviously can not happen on the current exchanges without depressing the price to 1 satoshi?

2. What is going on with the marketing intiative? Any volunteers? Marketing video? Bounties for other activities?

That's why I've been saying that the CEO should have the price of the GPU's on his store immediately and just put "estimated price of 750,000GPUC to 1million GPUC" or something like that.  This will stabalize the price of GPUC until the store actually opens. In the meantime, he can start selling off some of his 75 million premines to get ready for the 2nd batch. 2nd batch doesn't even need to be as large as the 1st batch, just as long as it comes in within a week or 2 after the 1st batch hits the store.  He needs to be about 2 orders ahead of the game.  If he waits until he sells out the 1st batch, then sell off the GPUC he received from the 1st batch, then wait until they are all exchanged into BTC, then sell them on Coinbase, then wait for the money to be deposited into his account, then place his 2nd order. That could be at least 1 or 2 months before his 2nd batch arrives!

You can't just pluck a figure out of thin air, otherwise when he comes to cash in his GPUCoins they wont be worth what he has bought the GPU's for he will start off in the negative.

I'm not sure how you are getting 1 to 2 months?

I'm pretty sure I could go from sending my GPUC from my wallet to an exchange to ordering a GPU for £ in about 3 hours if I really wanted to. Granted this is on a slightly bigger scale but the process is the same.  

You do realize that at the current market price it will be like 3million per GPU and multiply that by 80 which is 240 million GPUC.  Have you checked the exchanges Gpucoin are on, look at the volume. Do you really think he can sell them all that quick.  Also, 1 to 2 months is being generous.  If the cards are on backorder, it'll be much longer.  Also, it is not picking a number out of thin air. It should be an amount above IPO pricing but not a figure that is outrageous that miners can't afford them.  And this is all BEFORE the store opens so he can start selling his 75million now.  How can the CEO be in the negative when he started from $0?

I know exactly how much they will be currently in GPUC

Lets go down the route of your suggestion.

The IPO created 71 BTC's to buy GPU's with thats 71 x $630 =  $44,730

Say he can buy 280x at $400 (wholesale price estimate) he sells them for 1,000,000 GPUC (currently worth 0.3 BTC at 0.00000030) that means when he sells back to market he makes 0.3 x $630 = $189 per GPU a loss of $211 on his purchase price.

so from the $44730 he buys 112 GPU's and makes 112 x $189 = $21,168

That's over a 50% loss and it means the second time round he will only be able to buy 53 GPU's

You can see where this is going.

I mentioned in my earlier post to list the pricing before the store actually opens so that the market stabalizes.  People will see that it will cost 1 million gpuc per 280x, so the price will instantly correct itself.  It's a win win for everyone. GPUcoin will also get a boat load of mining support since it will be profitable now. 

[david4r4]

why im getting only rejected?

What miner are you using?

cgminer 3.7.2

[Radi777]

why im getting only rejected?

What miner are you using?

cgminer 3.7.2

You have to use vertminer not cgminer...It's in the first page

[trademark]

Obviously he will set the sell price in GPUC to be profitable. Though this will be tricky with the thin order book. Just looking on NXT-E there are only total bids for 0.4BTC (of course demand for the coin can/will change when the store opens up) But so far there is only order depth to buy 1 GPU! This is of course a problem. I really don't see him being able to sell 80 GPU cards anytime soon with that thin of volume.

Yeah, that's the problem. The volume is not there yet and if you sell the GPU's at market value, only a few IPOs can afford it.  You can't mine 3 million by the time the store opens (unless you're a big dog, pretty sure they don't need a 280x) and you can't even buy 3million at market value right now either.  It's just going to be too much trouble for people, might as well pay the extra bucks and get it online some where.  

[jimlite]

As a poster said, this need to go viral.
It is a good idea, mining diff is low, they
NEED a PR person whose sole job is getting
this to go viral and on Mintpal first then
Cryptsy.  Use some of that pre-mine money
for it's purpose.