[GPUC] GPU Coin | Mandatory Wallet Update

[jimlite]

Hendr1x, DEVS, or CEO
Seems like GPU store front price is always low.
It is at 10 satoshi, while the lowest sell price is 17 satoshi anywhere.
Make sure it is not pulling the buy bids, as they are all lowballed.

jimlite, shouldn't they be doing it via buy bids? The store needs to sell it's coins so it can buy more GPUS. Basing the price off the sell bids won't help since they can't exchange for the sell prices, only the buy prices.

As I am planning to start buying coins to get a GPU, it's a little daunting. I can go in and pay what the sellers are asking, or enter a buy bid and hope someone enters a counter sell bid. The process is definitely not easy or smooth. And there's a chance I will end up short coins or over (not as big of a deal) as the prices may change while I wait for the exchanges to cash out.

I wonder if there would be a way to make that easier but still use GPU coins.

Should definately not be off buy bids, hell I can bid 1 satoshi.
It is probably off of last executed sale, now that I think about it,
but how someone got gpu coin at 10 satoshi, and I could only get it at
16 or 17 escapes me.

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[d4wn0ff473]

Hendr1x, DEVS, or CEO
Seems like GPU store front price is always low.
It is at 10 satoshi, while the lowest sell price is 17 satoshi anywhere.
Make sure it is not pulling the buy bids, as they are all lowballed.

jimlite, shouldn't they be doing it via buy bids? The store needs to sell it's coins so it can buy more GPUS. Basing the price off the sell bids won't help since they can't exchange for the sell prices, only the buy prices.

As I am planning to start buying coins to get a GPU, it's a little daunting. I can go in and pay what the sellers are asking, or enter a buy bid and hope someone enters a counter sell bid. The process is definitely not easy or smooth. And there's a chance I will end up short coins or over (not as big of a deal) as the prices may change while I wait for the exchanges to cash out.

I wonder if there would be a way to make that easier but still use GPU coins.

Well at current prices the sapphire 280x cards are selling for $318.36731376 which is a problem for the coin not the buyer. The original quoted price was supposed to be 380 the 62 in savings is a huge gap, I'm surprised there is still inventory in the store.

[vesperwillow]

Well at current prices the sapphire 280x cards are selling for $318.36731376 which is a problem for the coin not the buyer. The original quoted price was supposed to be 380 the 62 in savings is a huge gap, I'm surprised there is still inventory in the store.

Good for Sapphire, but MSI 280x are $280 on Amazon if you use BTC->Amazon giftcard. So maybe people are doing that?

As for the pricing on the website, can the web dev post up his algo for that? I'm curious as well. Mostly to see if they took my advice

[jimlite]

I didn't run the math, but the gpu store price is close to 6 Mill for the 280x.
I have been mining since day 1 to get 2 Mill to buy it.  So I am just eating
the electricity, and am no where near 6 Mill yet alone 2 Mill.  I bought some
coin to get closer to 1 Mill, but the price of gpu coin needs to go up, so the
price of the card can go down to like 1 Mill, then people like me will buy them!
With Asics ruining normal scrypt now, and will DEVISTATE it soon, our coin
being scrypt-n should be THRIVING, not getting lower.  We need some good
P.R., marketing, exchanges, etc.  But I think we will get there soon.

[svenp]

I posted a link on CoinedUp reddit for adding GPUcoin to the exchange.  Someone claimed to have done that earlier but I don't see his submission (so I added this one).  Please UPVOTE.

http://www.reddit.com/r/CoinedUp/

Oh, and EMAIL Poloniex at poloniex@gmail.com and ask them to add GPUcoin to the exchange there.  I think that one is very attainable.  Mintpal and Bter are much more of a challenge given the competition.

[freeloader]

{
"pools" : [
   {
      "url" : "stratum+tcp://gpu-stratum.hashfever.com:3262",
      "user" : "xxxxxxxx",
      "pass" : "xxxxxxx"
   }
   
]
,
"intensity" : "18",
"worksize" : "256",
"lookup-gap" : "2",
"thread-concurrency" : "20481,14208",
"gpu-memclock" : "1250,1465",
"gpu-vddc" : "1.25,1.20",  
"gpu-engine" : "950,1100",
"auto-fan" : true,
"auto-gpu" : true,
"expiry" : "30",
"gpu-threads" : "1",
"scan-time" : "1",
"device" : "0,1",
"scrypt-vert" : true
}

I don't know if this is correct.  first gpu is 290 and second is 270x



how do I add this : "gpu-vddc" : "1.240"  without conflict the 290 gpu. do I just add it?

Just add the gpu-vddc command like any other.  For example, if your default voltage was 1.25 for the 290 and 1.20 for the 270x, then the command would be  "gpu-vddc" : "1.25,1.20",       Of course, you enter whatever voltage you want to.

[d4wn0ff473]

These are a seriously damn good deal btw, Considering that the price doesn't fluctuate in the market place. Getting a 180-210 Gh/s btc miner for sub 300 bucks is not too bad.

https://gpucoinstore.com/market/view.php?marketID=53

[J_Atomic]

Well, something isn't right. If you freeze current prices, I'd need to spend .92 of a BTC to get 5,800,000 GPUC at 16 satoshi (Atomic-Trade) which is $480 USD. Am I doing my math wrong?

[vesperwillow]

With Asics ruining normal scrypt now, and will DEVISTATE it soon, our coin
being scrypt-n should be THRIVING, not getting lower.  We need some good

...and this is what you and folks like you don't understand. Value has nothing to do with the algo, otherwise BTC would be worth an ant's fart. Scrypt coins will go up in value, but only certain ones worth a damn. Poopcoin and Happycoin and Dogecoin  and Whatevercoin will not continue to rise over time, whether they use Scrypt, or ScyptN, or X11, or FunkynoodleAlgo or whatever.

This coin would actually be worth more right now if it were Scrypt. I know that's a hard load to swallow but it's true. I went over the math long ago as to why, but you hit on one of the points: electricity. When they switched the algo they failed to take into account electrical costs. They could've gone X11 with better results than ScryptN, but they didn't.

Anyhew, that's a dead horse. Like I said.. the business needs to get more and more attention. This would fix your problems of profitability.

[d4wn0ff473]

Well, something isn't right. If you freeze current prices, I'd need to spend .92 of a BTC to get 5,800,000 GPUC at 16 satoshi (Atomic-Trade) which is $480 USD. Am I doing my math wrong?

No you are not doing your math wrong, but the store itself is pulling the numbers differently (not completely sure where the numbers are getting sourced from). If you go by the store numbers it's far lower.

[jimlite]

OK, MARKETING TEAM
CHIME IN HERE ON WHAT YOU
ARE DOING TO GET RECOGNITION
OF GPU COIN.

[Psynthax]

Keep calm people, this is not classic pump and dump coin... if you trust in business model you will invest now with losses and wait until it kicks off and market sattles down.. when there will be the need for this coin then the price will rise, not because of stupid hype marketing.. just wait until new generation of GPUs start hitting the market...

[svenp]

There are things everyone can do to promote GPUcoin.  A couple simple things:

1) Upvote the add request for GPUcoin at CoinedUp http://www.reddit.com/r/CoinedUp/

2) Email Poloniex to ask them to add GPUcoin (poloniex@gmail.com)

These will take you a minute to do.  Aside from that, trade GPUcoin and use it in the store/marketplace.  These things are more important than any 'PR' the owner can do.

[hendr1x]

Well, something isn't right. If you freeze current prices, I'd need to spend .92 of a BTC to get 5,800,000 GPUC at 16 satoshi (Atomic-Trade) which is $480 USD. Am I doing my math wrong?

No you are not doing your math wrong, but the store itself is pulling the numbers differently (not completely sure where the numbers are getting sourced from). If you go by the store numbers it's far lower.

I have adjusted the pricing slightly to reflect the asking price. Unfortunately I am limited to the api the exchanges gave me but I am willing to do. If anyone wants to suggest improvements I am completely open.

Here is the code for anyone interested : http://pastebin.com/S8Szi9it

And here is sample data from atomic + nxt-e

{"Coin":"GPU","Exchange":"BTC","CurrentPrice":0.00000012,"YesterdayPrice":0.00000013,"Price24High":0.00000015,"Price24Low":0.00000012,"PriceChange":-0.0769,"CoinVol24h":450160.23,"ExchangeVol24h":0.05435348}

and bittrex :

{"success":true,"message":"","result":{"Bid":0.00000006,"Ask":0.00000015,"Last":0.00000006}}

[flyboy665]

I have voted the R9 270 1~3

[svenp]

I hate to be contrary but the bid price is the best reflection of the 'real' price.  What people are willing to pay vs get paid...  works in our favor I guess.

Hendr1x, can you index the storefront items to market price?  I want to be able to list in the storefront but not at a fixed GPU price, I want to be able to specify a $ price (as the GPUs are) and have the system compute the GPU price.  Possible?  

[PCJargon]

The problem with the listed code is that it's only going off what the highest buy/sell is price, not the volume, or the volume per exchange. Bittrex range last I checked was Buys at 3 satoshi, Sells at 17. The sell that occurred at 6 satoshi and drove the value down hard is probably only for like .001BTC or less....

[cryos75]

Maybe take the midpoint between ask and bid?

[svenp]

If I were selling in the marketplace (as I'd like to) and indexing off the market price, I'd want the bid used...

[Lunesta]

just felt like asking but is there any hope for shipping to Iceland or
would I simply have to mine and invest in the idea and then later
sell to buy a worse gpu at a lot worse price? I'll keep mining and
buying them up either way but I'm still curious.

Regards, Halli.

EDIT: Also I believe making the purchases available with shipping
to more countries would greatly affect the sales. Not all believers
in the gpuc coins are from the states and the next country to be
added should be rationalized. What I'm trying to say is that you
should start looking at ip's or get pool admins to do it for a bit
of reward to see what country seems to have the most miners
aside from the state. If there is a relatively cheap way to ship to
that country it would have a big effect on both the market and
the store. We have to remember though we all speak english
cryptocurrencies are international. I'm probably stating the
obvious but I feel far too many people are mentioning it. We all
want the coin to succeed so there should at least be more mentioning
of this, not just whining about whether their country will be added
(like above :'D).