[GPUC] GPU Coin | Mandatory Wallet Update

[silverfern]

New P2Pool launched in Atlanta, has 20% of all p2pool hash rate.  


address: stratum+tcp://198.12.78.137:9404
Username: your GPUCoin address
Passoword:  Does not matter, anything!


example:
"url" : "stratum+tcp://198.12.78.137:9404",
"user" : "GNhMq6LQNewjBCykyX5t8HwbSbuoj61uM7",   <----replace with your wallet address
"pass" : "x"



P2Pools pay you out instantly once a block is found by ANY p2pool, they all work together.
P2Pools for GPUCoin are hitting about 3 to 4 blocks an hour (5 so far in the 9am est hour), NO WAITING for your GPUCoins! They Instantly hit your wallet as soon as anyone hits a block on any P2Pool!!

Did your P2Pool go offline? It is ok!  Just set another P2Pool up as a backup, you do not loose your shares when you switch p2pools!


Fancy new domain name is on the way, justing waiting for things to propagate.
address will be gpu.blockfound.net:9404, but wait on that a day.  

Whatever happened to this P2Pool? Is it still up? Is the GPU contest still in the works? Haven't heard any updates in a while and now the pool has been down for a day or so.

Thanks

Yeah that pool has been down since Sat. I have been on the e-dog p2pool instead

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[Psynthax]

I think they said they will be running sale to get rid of current stock that is left, because they will move in next batch..

So better be ready to buy 280x just before stock runns out if you need it.. it seem we`ll have a huge sale of 240s hh

[illiki23]

I think they said they will be running sale to get rid of current stock that is left, because they will move in next batch..

So better be ready to buy 280x just before stock runns out if you need it.. it seem we`ll have a huge sale of 240s hh

And I am saying it is a bad business move to hold a sale and not have at least a few on reserve.  People will plan on buying a particular piece of equipment and if they show up and they find out they did not sell any that day during the sale it would be dissapointing.

Even if it is just 3 or 4 cards.  GpuCoin can pull them right now from the store if they have not set aside some yet.

But I have faith in GPUCoin that they would not advertise a sale and not have the items people are showing up to purchase.  In case they did not have this good customer care foresight, it is worth mentioning here so they don't upset customers.

I will be waiting when the store opens so I will be irked if they do not have any on sale.  It would be a waste of my time.

[Ambros]

Do u ship in europe

[waltsmith]

Aaaaand, the current buy pressure is what comes from being at the top of the coinwarz list. All the mine-n-dumpers hit and roll once the buy pressure is gone.

waltsmith

[Psynthax]

I think they said they will be running sale to get rid of current stock that is left, because they will move in next batch..

So better be ready to buy 280x just before stock runns out if you need it.. it seem we`ll have a huge sale of 240s hh

And I am saying it is a bad business move to hold a sale and not have at least a few on reserve.  People will plan on buying a particular piece of equipment and if they show up and they find out they did not sell any that day during the sale it would be dissapointing.

Even if it is just a 3 or 4 cards.  GpuCoin can pull them right now from the store if they have not set aside some yet.

But I have faith in GPUCoin that they would not advertise a sale and not have the items people are showing up to purchase.  In case they did not have this good customer care foresight, it is worth mentioning here so they don't upset customers.

I will be waiting when the store opens so I will be irked if they do not have any on sale.  It would be a waste of my time.

You should not be that harsh on them, there will be many more sales man.. Its not like this is their last batch of cards and that`s it.. it`s the first one with hopefully many more to come.. They`re just trying to keep the wheel spinning..

Aaaaand, the current buy pressure is what comes from being at the top of the coinwarz list. All the mine-n-dumpers hit and roll once the buy pressure is gone.

waltsmith

I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows..

IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..

[httpb]

Do u ship in europe

I am wondering that too. Is this only for USA or do you ship internationally?

[micryon]

I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows..

IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..

I agree the coin economy is misaligned with business growth at present... it's kind of a scary downwards spiral atm.

You know.. we could hard-fork this coin and reduce rewards or change rewards schedule, as needed... could still pull it off at this point given low adoption rate.  Just requires everyone to updated their clients.

 

[Psynthax]

I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows..

IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..

I agree the coin economy is misaligned with business growth at present... it's kind of a scary downwards spiral atm.

You know.. we could hard-fork this coin and reduce rewards or change rewards schedule, as needed... could still pull it off at this point given low adoption rate.  Just requires everyone to updated their clients.

 

Well, it is up to ya`ll to decide, but pumping half of the coin cap in just 6 months is insane and you already have ~10% of the market cap out..

It would be also good to lower transaction confirmations because there is no need to have it at 1 minute for each block, its not like customers are standing and waiting in line that you need fast confirmations. Confirmation time have direct implications on blockchain security.. here is a good article on this subject: http://bitcoinmagazine.com/8972/quarkcoin-noble-intentions-wrong-approach/

But again.. changing coin economy is very bad, because there are big miners that mined a lot already and have moved to other coins since this one is so fast and you might loose trust of the people because it is a direct market manipulation

[svenp]

I don't think the 1 minute blocks are a problem but agree that the inflation rate is obviously too high right now.  200M coins/week is a lot considering the size of the business.  If Jaymes had more $ to invest in inventory perhaps it would be ok.

Problem is, if you cut the inflation rate, will people mine it?  Hash rate is already pretty low, the only way to keep people hashing is for the inflation rate to fall AND the value of the coins to rise to compensate.  It's not clear to me that the second part would follow the first and if it didn't the coin would die.

On the other hand only 616M coins have been mined of the 13.5B total (plus the premined coins so about 1B total exist)  so if it's going to happen now would be the time to do it.

[Psynthax]

Why would you mine for days, months, when you can mine percentage of the market cap in few days and move on ?

[svenp]

It will be mined if it's worth it to mine.  If the inflation rate is cut now it *won't* be worth it to mine.  That is, unless the coin price rises to compensate which is not something I would expect to happen automatically.

[Psynthax]

Yes it will be mined, but miners will move in and out quickly and your network will not gain growth momentum since it is so fast, you can mine market cap quickly while nethash is low and move on.. you can`t build up network that way.. only if the whole crypto-community jumped from start which is unrealistic expectation.. you need TIME so word can spread... I mean 6 months halving, do you expect everyone to know about coin from day 1?

yes it will take time to recover, but it will be ruined immediately, and people could leave to mine more profitable coin.. which means it will not recover in that case..

[silverfern]

I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows..

IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..

I agree the coin economy is misaligned with business growth at present... it's kind of a scary downwards spiral atm.

You know.. we could hard-fork this coin and reduce rewards or change rewards schedule, as needed... could still pull it off at this point given low adoption rate.  Just requires everyone to updated their clients.

 

I agree we need to do something, but others have a point about the direct market manipulation. But if it needed to be done, this is the best time. There is just too many coins available at the moment, which people can just mine and dump easily.

I don't know if it were to make a difference if we reduce the rewards, would it?

[koelen3]

Do u ship in europe

This may have some more attention.
Could someone please give an answer to this question please?

[PCJargon]

Do u ship in europe

This may have some more attention.
Could someone please give an answer to this question please?

I believe you just need to pay more GPUC...

I found a post on another site that says "Overseas shipping will be extra."

[PCJargon]

The real issue right now is that GPUC isn't on any established/quality exchange. Mint vote mint vote mint vote mint vote mint vote! (Do not use cryptorush)

[dukeneptun]

Changing economy in this coin is not a good idea...
It really needs some casino....

[pastet89]

Aaaaand, the current buy pressure is what comes from being at the top of the coinwarz list. All the mine-n-dumpers hit and roll once the buy pressure is gone.

waltsmith

Hey buddy,
I can see you have included the signature, however, to officialy register to the contest and get tracked, please, post in the thread: https://bitcointalk.org/index.php?topic=550206

@ anyone else: come on, 4 graphic cards are waiting for you, register and adjust your signature!

[jimlite]

I've been saying for a while that 20,000/block at 3 difficulty is just producing too many coins.
Sure it may be psychological, but people would rather buy a gpu with 10,000 coins than 10,000,000.
And they would rather buy or sell gpuc for .0001 btc than .00000010 btc.  I think it is not too
late for a halving of block rewards.  Max coin just did it last week and everything went fine. But
all coins are in a downtrend now.