[GPUC] GPU Coin | Mandatory Wallet Update

[GPU Coin]

Just wondering that count of blocks = 148 = 270270,270GPUC/block? And number of transactions 5? Just curious

I received the client a few days ago from the Dev, so he transferred the Pre-Mine to my address.

[unhooked]

Ok maybe dumb question.

How do you make a profit?

[GPU Coin]

Ok maybe dumb question.

How do you make a profit?

We sell GPUs for x+20% while Neweg sells GPUs for x+70% (these are not real numbers, just an example).  Since we have nearly zero overhead and no employees, only contractors, we still make money with smaller profit margins.

[Warning__3]

Finally a interesting coin, will throw some hashes your way

[phreakish]

ill invest a few, interesting angel of approach on this one in my eyes.

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In my humble opinion, I think you are going to be in a catch 22 situation.

1) If you are unable to procure enough capital to get a sizable amount of GPU cards, you'll run out of cards soon and will then be out of stock. And you'll have all the whiners complain etc.

2) On the other hand say you do get a sizable amount of GPUs you willl not be able to keep up with demand just like other retailers. Part of the high prices is to keep the demand in check. I think even by selling at Newegg prices is still a plus since peeps can just mine and buy the cards. Which I think in itself is a big plus. So I would only undercut Newegg prices by say 10 - 20 %. Anything more and you'll run into issues.

3) Say you become successful, you will need to increase your operation, that means more inventory space,  full time employees etc and will you not be competitive enough with your prices. Then again if you sell at Newegg prices with GPU coins in itself would be a plus.


I would also recommend securing the newly released R7 265 since they do will become scarce. Basically any mining gear that can be purchased through GPU coins will be a big plus to the community.

Please don't be offended by my comments. I am by no means in retail so I could be completely off on my assumptions.

[glockjs]

if someone wants to up their ipo do they just send more to the same address or do something special?

[GPU Coin]

In my humble opinion, I think you are going to be in a catch 22 situation.

1) If you are unable to procure enough capital to get a sizable amount of GPU cards, you'll run out of cards soon and will then be out of stock. And you'll have all the whiners complain etc.

2) On the other hand say you do get a sizable amount of GPUs you willl not be able to keep up with demand just like other retailers. Part of the high prices is to keep the demand in check. I think even by selling at Newegg prices is still a plus since peeps can just mine and buy the cards. Which I think in itself is a big plus. So I would only undercut Newegg prices by say 10 - 20 %. Anything more and you'll run into issues.

3) Say you become successful, you will need to increase your operation, that means more inventory space,  full time employees etc and will you not be competitive enough with your prices. Then again if you sell at Newegg prices with GPU coins in itself would be a plus.

I would also recommend securing the newly released R7 265 since they do will become scarce. Basically any mining gear that can be purchased through GPU coins will be a big plus to the community.

Please don't be offended by my comments. I am by no means in retail so I could be completely off on my assumptions.

1.  While the business start is definitely an issue, we are hoping the IPO will gain traction.  We just submitted our credit application to the distributor and if that goes through we get any items we want on a 20 day loan so we can have a sizable stock ready for the grand opening.

2.  The prices we are selling at will still pull a sizable profit for ourselves, the issue is that it takes a week to receive shipments.  If we are able to keep a large stock to begin with, then selling and buying should flow easily enough.

3.  There are are two people working at the home base and any on-line retailer can operate out of home.  If the business explodes to that level then we can move to a house with a large, secure detached garage.  In all honesty that would really require sales in excess of 3000 units a month, which would be a super long shot.

Distributors currently don't have any R7 265's for sale, but we'll keep an eye out for when they do.

[GPU Coin]

if someone wants to up their ipo do they just send more to the same address or do something special?

Each wallet address is linked to your e-mail address which is linked to your IPO number.  Any additional amount sent to the wallet address is automatically linked to your IPO number.

[glockjs]

if someone wants to up their ipo do they just send more to the same address or do something special?

Each wallet address is linked to your e-mail address which is linked to your IPO number.  Any additional amount sent to the wallet address is automatically linked to your IPO number.

easy peasy. gonna dump some more into the ipo. i like the way you have been handling this thread....

i guess i also really like the idea of the coin. was bs'ing with a buddy a few months ago about this similar idea. but, i was going to offer clothing via designer coin ^ ^. i don't think people realize how coming out with a viable product to back the coin raises the floor. everybody and their mother is releasing an alt coin and expects the community to build it...bad idea. have something tied to the coin worth value and BOOM. cheers!

[GPU Coin]

xuwenjin@yeah.net
Please contact me by PM.  It seems as though your mail client is refusing to accept your IPO investment e-mail.  I would be happy to PM you your investor ID and wallet address.

[navarthelol]

Very interesting coin!

Might I recommend delaying launch by one week so that further hype/interest can escapade this coin?

[foodies123]

offering to create and host custom block explorer, example in my sig in development all features will be ready by launch.

[chickenliver503]

does anyone know if i can start cgminer before  the coin comes live, i will be a work during the launch   

[Freyja]

does anyone know if i can start cgminer before  the coin comes live, i will be a work during the launch   

If you join a pool you can.
Direct them to your worker on selected pool and your miners will start as soon that pool is up and running.

[chickenliver503]

does anyone know if i can start cgminer before  the coin comes live, i will be a work during the launch   

If you join a pool you can.
Direct them to your worker on selected pool and your miners will start as soon that pool is up and running.

ok thanks 

[GPU Coin]

Very interesting coin!

Might I recommend delaying launch by one week so that further hype/interest can escapade this coin?

While we may make more IPO that way, I feel we would be doing disservice to the current investors by pushing back all the dates.

[Jonesd]

Will the amount of coins you need to pay for such a card, decrease when the coin becomes more valuable?

[yangjipan]

good

[Lordoftherigs]

I like the idea of this coin but the IPO seems very imbalanced.

for 0.1BTC you can get 3.8 million coins. That is exactly 190 blocks at their highest values ( as the block rewards will be halving ). Now with one minute time per block imagine how hard will be to mine this amount of GPU blocks. It will literally take you months if you have a good rig. 

These amounts for which the GPU coin is being sold right now in IPO will also determine the value of the coin. I know that this coin is aimed to be used for buying GPU but if you can get 3.8 milion coins for 0.1 btc then price of a graphic card will be like 20 million coins or more. In my opinion ridiculously huge amount and totally unobtainable by mining.