[GPUC] GPU Coin | Mandatory Wallet Update

[Shadow_moon]

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.

IPO bounty will change if IPO gather more BTC, like stackcoin 60 BTC. This will mean 1 BTC = 3.8 millions. It will great if IPO gather 100-150 BTC for intersting quotation.
On the other hand 250.000.000 / 20000 = 12500 minutes. 12500 / 60 / 24 = 8.6 days, and it does not seem much greater.

[jimlite]

DEVS,
I've been involved in a lot of failed coin launches and a few successful ones.
If you want your business model and coin to succeed, you MUST be listed
on a few exchanges right at the launch.
1)Any coin needs to do this to work. No one mines or buys/sells if not a few good exchanges.
2)People WILL need to buy coins to get enough to buy a GPU, mining would take forever, so
   you NEED to be on a few major exchanges at launch.
Now some small exchanges you can get on, or bribe your way on, or pay .25 bitcoin to get on it.
But the larger ones you will need to get a good relationship going with them AND have this coin
not be a scam coin.
I hope you are working on this and post exchanges soon, as well as a few more pools (for legitamacy and
failsafe launch).  If I see these things happening, as well as a little more P.R. buzz and
promoting, I will mine and even maybe enter the IPO.
Good luck and keep us posted on everything new as it happens.
Thanks

[Warning__3]

One good move to get the coin to success is to contact Poloniex and try to get them to add the coin right at launch

[racebyu]

Looking forward to see how this plays out!

[chickenliver503]

One good move to get the coin to success is to contact Poloniex and try to get them to add the coin right at launch

poloniex is not doing so good, they are have a lots of problems, cryptorush would be better.

[jimlite]

Cryptorush, Mintpal. Coins-E.
You need to be on these so people can exchange the coins
they have to your GPU coin and then buy GPUs.

[GPU Coin]

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

The store front will link with whichever market has the most traffic and update the price live.  So, yes, the price will fluctuate all the time.

[GPU Coin]

We are also looking at exchanges, but our experience has all been with coinmarket.io (which seems to have a withdrawal problem now) and cryptsy, which most likely wont pick up GPUC for a while.  We will take all ideas of market places into consideration.

[GPU Coin]

97 people have preregistered to mine at gpu.hashfever.com

[precrime3]

yes so excited for this! Great way to reinvest profits back into more GPU!!! IF this takes off Id be estatic!

[armaan56]

We are also looking at exchanges, but our experience has all been with coinmarket.io (which seems to have a withdrawal problem now) and cryptsy, which most likely wont pick up GPUC for a while.  We will take all ideas of market places into consideration.

Contact mintpal to get it into voting, would be the best decision ever. For launch, try with cryptorush. Mintpal has proven to be awesome tbh

[prolific]

Make that 115 miners registered.

Also +1 for mintpal.  Google Auth + Very responsive exchange.  I've been very happy with the exchange.

[navarthelol]

How many people are working on this project out of curiosity? Very excited about this coin! Only potential flawed I see is that you get bogged down with surges of orders and "day to day running" tasks

[GPU Coin]

How many people are working on this project out of curiosity? Very excited about this coin! Only potential flawed I see is that you get bogged down with surges of orders and "day to day running" tasks

Two people in house, the CEO has no other job and the sister company who is in charge of GPU distribution works maybe 10 hours a week running his own landscape company.  Our dev is on call and works contract based.

[Chofoe]

I think you should add another pool there quite soon so the only one won't take over.

[niteryder]

http://gpuc.allpoolz.com
- Always 0% mining fees!
- Miner Notifications
- Port 8080 mining
- VARDIFF
- Stratum
- DDoS Protection
- Database off-loading (faster more reliable)
- Ticket support
- US Server


Pre-registration open!

[hearnomore]

Validation Error Pools has a pool setup and ready for pre-launch registrations

http://gpuc.validerrorpool.com

1% fee, PPLNS, VARDIFF, STRATUM (USA Based Server)

[vesperwillow]

GPU Coin, I noticed you responded to several things in a row but you skipped over this. What's your response? (relevant quotes below)

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.

IPO bounty will change if IPO gather more BTC, like stackcoin 60 BTC. This will mean 1 BTC = 3.8 millions. It will great if IPO gather 100-150 BTC for intersting quotation.
On the other hand 250.000.000 / 20000 = 12500 minutes. 12500 / 60 / 24 = 8.6 days, and it does not seem much greater.

[GPU Coin]

GPU Coin, I noticed you responded to several things in a row but you skipped over this. What's your response? (relevant quotes below)

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.

IPO bounty will change if IPO gather more BTC, like stackcoin 60 BTC. This will mean 1 BTC = 3.8 millions. It will great if IPO gather 100-150 BTC for intersting quotation.
On the other hand 250.000.000 / 20000 = 12500 minutes. 12500 / 60 / 24 = 8.6 days, and it does not seem much greater.

Hopefully there will be more IPO members, but if not then this is completely accurate and you would be better off investing than mining.  This is a free market, so while this may seem imbalanced what will end up happening is the IPO investors will make a killing of a ROI while the miners and network hash rate will set the prices.

[vesperwillow]

Thanks for the quick response. I think some folks' only fear is that in a situation where the IPO investors own majority of the coins, there wouldn't be a point to mining the coin due to the sharp uphill battle. Not detracting from the coin's worthiness, just sortof talking out loud.

Still one of the best ideas to come along in honestly a long time.