[GPUC] GPU Coin | Mandatory Wallet Update

[jollyriffic]

Has ANYONE heard from Jaymes?  Whats concerning is that the developer doesnt hear from him anymore..... Definitely a bad sign..... Well at least we still have his registered address, I might need to round up a friend or two and take the 4 hour drive down there, and have a face to face with him.. Let me check my weekend schedule. Hes still on the hook for this.

on the hook for what? stores up, items are in stock (excluding the r9 270) and shipments are going out.

[1714636769]

1714636769

[1714636769]

1714636769

[1714636769]

1714636769

[1714636769]

1714636769

[vesperwillow]

Yeah I don't get that either, you're going to show up to his door because the business is slowly dying ?

[nauticatom]

Yeah I don't get that either, you're going to show up to his door because the business is slowly dying ?

To get some answers thats all, if dude is out, and not going to bother, let us know so we can go about our business and put the coin into the graveyard.

We are assuming now since Micryon hasnt heard back from him, waltsmith has gone off the reservation, etc.al that hes done.. For all of us with loot stuck in this coin we need to know.

[jollyriffic]

Yeah I don't get that either, you're going to show up to his door because the business is slowly dying ?

To get some answers thats all, if dude is out, and not going to bother, let us know so we can go about our business and put the coin into the graveyard.

We are assuming now since Micryon hasnt heard back from him, waltsmith has gone off the reservation, etc.al that hes done.. For all of us with loot stuck in this coin we need to know.

The coin and business are up and running, other than that i see nothing in the works either on this thread or the official forums.
if anything as far as advertisement happens, thats going to have to be done by the community.
sort of like how the reddit community for doge takes things into their own hands.

do to health related problems, i dont have a job, seen this as a great opportunity to help me build a tiny mining farm. put my last $200 into this coin because of how excited i was for something like this to come out. so i feel your pain on wanting to know what, if anything, will be done to help the coin out. but at this point i'm done mining and buying the coin.
hopefully the halving bumps the price, if not i'll just sell at w/e the asking price is and count it as a lesson learned. with all my money invested into it, i cant even afford two of the $27 video cards as the shipping puts me over the amount of coins i have. pretty sad but thats the gamble you take with a new coin.

[GPU Coin]

Update:
This last week has had my attention drawn quite away from this coin, as some important real world issues have come into light.  My sister, who has two kids under the age of 1, just had her 2005 4Runner shot up with an automatic weapon in front of her house.  There have also been three murders this last week, so I now have 2 jobs and have moved her out of Lake Edwards, VA Beach.  This whole time I have still been sending out out cards and running the business side accordingly so that miners can get the items they purchased in a timely manor.  Here are answers to questions people have posted recently:

Fiat into GPUC:
There has already been a page written up about hot to purchase GPUC with USD and bank accounts have been started at BB&T and Bank of America with the intentions of allowing people to directly deposit fiat and receive GPUC.  I am also looking into Western Union payments.  There are only a couple small logistics issues to deal with before it can go live.

Coin Update:
Micryon did not changing any specs of the coin, just the first block halving time and security updates.

Dumping:
I have yet to sell a single GPUC on the market due to the fact that I care very much about this coin and wish to see it succeed.  The GPUs at the store front are all being sold for a loss, which is made up with the initial pre-mine, so the community gets great prices on the cards they want.  All of the current cards are being bought with the IPO money and some of my own.

Mintpal:
I do very much hope we get on Mintpal as it is a trusted exchange.  GPUC was trading at $10k a day before CryptoRush crashed, so it's obvious that this coin has potential, we just need a way to freely trade.  My mining rig (a measly 5Mh) is currently dumping all it's profit into the Mintpal vote and I used the last of the BTC left over from paying team members and buying cards.

Again, the business side is operational and the marketing is moving forward.  If anyone else wants to join the marketing team feel free to PM me and we'll work something out.

[kcheel]

Thx for the update.  I actually started mining it again today (found 2 of the last 8 blocks) due to the upcoming block halving and the drop in difficulty.  Hope to get a couple of 280x's soon at least.

[kcheel]

Also, I am still voting multiple times a day on Mintpal.  And you need to get some other items on the store to draw buy interest in the coins.  A lot of people are not buying GPU's now (miners at least).

[vesperwillow]

Yeah I don't get that either, you're going to show up to his door because the business is slowly dying ?

To get some answers thats all, if dude is out, and not going to bother, let us know so we can go about our business and put the coin into the graveyard.

You realize you'd make more money mining another coin for profit, than it would cost in gas to do that? If you're that concerned, I suggest moving to a profitable coin.

Update:
This last week has had my attention drawn quite away from this coin, as some important real world issues have come into light.

It's been suggested many times that you hire someone or several folks to handle the bulk, and let you simply oversee. Your lack of web attention--regardless of the altruistic reasons--has severely damaged the coin's critical launch evaluation, which is typically the first 30 days.

Mintpal:
My mining rig (a measly 5Mh) is currently dumping all it's profit into the Mintpal vote and I used the last of the BTC left over

No worthwhile coin should have to buy votes to get on an exchange. Have you talked to Vern at Cryptsy?

Exchange aside, the frontend needs sales and flow.

[waltsmith]

Yeah I don't get that either, you're going to show up to his door because the business is slowly dying ?

To get some answers thats all, if dude is out, and not going to bother, let us know so we can go about our business and put the coin into the graveyard.

We are assuming now since Micryon hasnt heard back from him, waltsmith has gone off the reservation, etc.al that hes done.. For all of us with loot stuck in this coin we need to know.

Wow, yeah. I watch a movie with the kids and then go to bed and I'm 'Off the Reservation' lol

waltsmith

[kcheel]

Yeah I don't get that either, you're going to show up to his door because the business is slowly dying ?

To get some answers thats all, if dude is out, and not going to bother, let us know so we can go about our business and put the coin into the graveyard.

We are assuming now since Micryon hasnt heard back from him, waltsmith has gone off the reservation, etc.al that hes done.. For all of us with loot stuck in this coin we need to know.

Wow, yeah. I watch a movie with the kids and then go to bed and I'm 'Off the Reservation' lol

waltsmith

Get back on the reservation Walt!!!!

[jimlite]

Jaymes, I am sorry to hear about your family issues, but thank god no one got hurt.
We have been tough on you here on the forums, but only because we want to hear
more from you and what is going on. We all have invested a lot of money, time, and
electricity in GPU coin because we believe in it.  I personally have invested in the IPO,
but more importantly $400 of electricity just mining GPU coin.  I do think the store
should have a wider variety of gpus and other hardware, as well as extra attention
to get the marketing/p.r./advertising going strong.  Mintpal would be great, and then
someone mentioned talking to Vern at Cryptsy.  I think you can get a hold of him
at Cryptsy or BigVern on twitter I believe.  However, Cryptsty should be the 3rd priority
after getting on Mintpal and having effective advertising constantly going.

[illiki23]

Fiat into GPUC:
There has already been a page written up about hot to purchase GPUC with USD

Have fun finding a link to this page on your site.

Are you disconnected from reality?  

[vesperwillow]

Advertising.. getting the business flow going. That should be the only priority until the value of the coin starts going up. More exchanges will just open up more doors to people to dump the coin.

I'm not sure if you do this already, but it may even be beneficial to show a public account of how many cards were sold, when, how much (in USD, maybe even show overall savings) and what they were. This way people hit the site and right away see "wow, BobLover9000 saved 19% by using GPUC to buy his MaxCard5000".

Immediate value up front.

[kcheel]

Fiat into GPUC:
There has already been a page written up about hot to purchase GPUC with USD

Have fun finding a link to this page on your site.

Are you disconnected from reality?  

You may want to read his post again.  He said it was being worked on, didn't say it was on there already. 

[tylerderden]

 wow Jaymes sorry to hear about the gunfire and whatnot, that's crazy man. Everybody is safe so all is good right?
I got my r7 240 today and the free one from the promo sale, thank you very much. my kids can now expand their mining empire 

[micryon]

Sorry to hear about the trouble Jaymes. 

We are unfortunately suffering from a double whammy here in crypto economics.. bitcoin prices driving down profits, and GPUs under attack from ASICs.. It will be awhile till this market sorts itself out (if it can), and start moving up again..

Cryptos is a risky game, to be sure.. (but then again so is the stock market apparently.. )

I still love the technology.. so i'll still be around plugging away at it.

[jimlite]

Sorry to hear about the trouble Jaymes. 

We are unfortunately suffering from a double whammy here in crypto economics.. bitcoin prices driving down profits, and GPUs under attack from ASICs.. It will be awhile till this market sorts itself out (if it can), and start moving up again..

Cryptos is a risky game, to be sure.. (but then again so is the stock market apparently.. )

I still love the technology.. so i'll still be around plugging away at it.

I have a lot of experience in the stock market, and yes crypto is just like it.
I have learned to love when the stock market crashes, it is buying stocks on sale.
I have learned to love when bitcoin crashes, I can buy bitcoin on sale.
Then patiently wait, and pray things go back up to normal, and they usually do,
though it could take weeks, months, or years.

[madbit1000]

Yes sorry to hear your bad news Jaymes, Hope all is well now. the world is a rocky place to live..

Micron, will get back to you tomorrow if thats ok..

[svenp]

In many ways Jaymes has done a good job with the business.  He's done what he said he'd do when he said he'd do it which is a lot better than what could have been.  The coin was poorly designed though.  In hindsight this is obvious; it wouldn't be in single satoshi range if parameters had been chosen properly for the likely market cap it would have.  We have to do what it takes to get the price up to at least 20 sat otherwise it's of little use in commerce.

For the business and the coin to succeed it can't be selling cards at a loss just to boost coin demand.  Not exactly a sustainable business model...  Not to mention the fact that the market is so weak Jaymes can't even turn the GPUC back into fiat.  Once these cards are sold, there will not be more.  That's the end of the coin unless Jaymes wants to use his personal funds to buy cards, sell them at a loss and then not even be able to turn what he gets back into fiat.  Seems unlikely to me.

I personally have used hardware I'd like to sell and there's always TONS of stuff being sold on BCT and ebay by miners looking to trade.  These people are already crypto friendly, we just need to have a place where they can post a classified for payment in GPUC.  Having escrow provided by GPUCoin will be an extremely important perk for these sellers.  

The GPUCoin market is a nice start but it needs to have category based navigation (something like http://www.bitcoinclassifieds.net/ but better).  It needs to be able to nicely hold hundreds of used hardware listings with easy navigation.  Right now 4 listings fill the page and there's no hierarchical nav.  The 'market' should probably be the default page instead of 'store' and those links should be renamed somehow.

If this existed, we would have something that would be easy to promote on BCT and elsewhere.  Without it we're just waiting for the inevitable.

[benedictlol]

In many ways Jaymes has done a good job with the business.  He's done what he said he'd do when he said he'd do it which is a lot better than what could have been.  The coin was poorly designed though.  In hindsight this is obvious; it wouldn't be in single satoshi range if parameters had been chosen properly for the likely market cap it would have.  We have to do what it takes to get the price up to at least 20 sat otherwise it's of little use in commerce.

For the business and the coin to succeed it can't be selling cards at a loss just to boost coin demand.  Not exactly a sustainable business model...  Not to mention the fact that the market is so weak Jaymes can't even turn the GPUC back into fiat.  Once these cards are sold, there will not be more.  That's the end of the coin unless Jaymes wants to use his personal funds to buy cards, sell them at a loss and then not even be able to turn what he gets back into fiat.  Seems unlikely to me.

I personally have used hardware I'd like to sell and there's always TONS of stuff being sold on BCT and ebay by miners looking to trade.  These people are already crypto friendly, we just need to have a place where they can post a classified for payment in GPUC.  Having escrow provided by GPUCoin will be an extremely important perk for these sellers.  

The GPUCoin market is a nice start but it needs to have category based navigation (something like http://www.bitcoinclassifieds.net/ but better).  It needs to be able to nicely hold hundreds of used hardware listings with easy navigation.  Right now 4 listings fill the page and there's no hierarchical nav.  The 'market' should probably be the default page instead of 'store' and those links should be renamed somehow.

If this existed, we would have something that would be easy to promote on BCT and elsewhere.  Without it we're just waiting for the inevitable.

This. Mostly the market, I for one know that at someday, whether I want to or not, unforeseen circumstances may arise and I may have to sell part/all of my mining gear. It would be awesome if when that sad days comes I could easily sell on GPUCoin Market, get myself some GPUCoin and stay in the cryptomarkets for awhile with the coins I acquire (or sell back to GPUcoin bank ). Just a thought when writing this, if there was an option to 'trade' the hardware too - and perhaps have GPUcoin to cover the cost difference - this would be a good way for one to upgrade their setups. Who knows, the store could do much more than has already been mentioned on this thread, we won't know until we get there.