[GPUC] GPU Coin | Mandatory Wallet Update

[Shintax]

So a little update.  Our distributor upped the price of Asus cards due to the high demand, so I dropped them and put in an order for 80 Gigabyte R9 280X cards.

That looks swell

LOL. Because all that is needed for people to invest is pretty pictures. You don't even know the prices yet.

typical troll... move on, IPOs need this type of information to track business expenses

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[GPU Coin]

So a little update.  Our distributor upped the price of Asus cards due to the high demand, so I dropped them and put in an order for 80 Gigabyte R9 280X cards.

So... you mean that ... you did not actually have a deal set up when you told investors about your plans?

No, when you place an order at an American distributor and it's on back order they apparently can change the price from what you initially were told to pay all the way up until the date it ships.  I had a pretty heated argument with a manager today over all of it.

[johliks]

So a little update.  Our distributor upped the price of Asus cards due to the high demand, so I dropped them and put in an order for 80 Gigabyte R9 280X cards.

So... you mean that ... you did not actually have a deal set up when you told investors about your plans?

I'm fairly certain they came up with this entire idea overnight because it shows. However the bigger problem is who wants 280x's? And did they really just claim to have ordered 80 of them? Now, it sounds like to me they just suckered people into buying them 80 GPU's that they will sell back to you for whatever your coins are worth. This could get worse...

[Shintax]

So a little update.  Our distributor upped the price of Asus cards due to the high demand, so I dropped them and put in an order for 80 Gigabyte R9 280X cards.

So... you mean that ... you did not actually have a deal set up when you told investors about your plans?

No, when you place an order at an American distributor and it's on back order they apparently can change the price from what you initially were told to pay all the way up until the date it ships.  I had a pretty heated argument with a manager today over all of it.

I suspect more heated arguments to come. you had better get used to this type of thing as GPUCoin store front grows

[illiki23]

So a little update.  Our distributor upped the price of Asus cards due to the high demand, so I dropped them and put in an order for 80 Gigabyte R9 280X cards.

So... you mean that ... you did not actually have a deal set up when you told investors about your plans?

No, when you place an order at an American distributor and it's on back order they apparently can change the price from what you initially were told to pay all the way up until the date it ships.  I had a pretty heated argument with a manager today over all of it.

Fair enough.  I can understand how annoying that would be.  By the way you gain respect and status in my book by having a web presence to answer questions like you are doing right now. Thank you for tolerating our complaints while taking some action to fix things.  I would be scared and hiding by now myself.

[Shintax]

So a little update.  Our distributor upped the price of Asus cards due to the high demand, so I dropped them and put in an order for 80 Gigabyte R9 280X cards.

So... you mean that ... you did not actually have a deal set up when you told investors about your plans?

I'm fairly certain they came up with this entire idea overnight because it shows. However the bigger problem is who wants 280x's? And did they really just claim to have ordered 80 of them? Now, it sounds like to me they just suckered people into buying them 80 GPU's that they will sell back to you for whatever your coins are worth. This could get worse...

I have a 280x showing up at my door on friday, and quite frankly, i would enjoy more 280x's   Newegg lists that card @ $469.99 + tax (I live in Cali = $35.25) + $5.92 S&H = $534.92
Let us know if you can beat that price GPUCoin

btw, %17.4 of the people that voted in the poll, said they would like 4-6 R9 280x's

[vesperwillow]

I'm sure he can.

http://www.amazon.com/Gigabyte-GDDR5-3GB-Graphics-GV-R928XOC-3GD-REV2/dp/B00H34J64M/ref=sr_1_1?ie=UTF8&qid=1394080142&sr=8-1&keywords=r9+280x

I could place my bulk order and get those for $320 via amazon (20% discount). They were in stock earlier, they're getting more this week.

Just wanted to follow-up: Full refund is finally confirmed. Thanks and good luck to all.

[scott0577]

Can anybody guess how many coins you'll need too get a R9 280X? I understand it's up to the markets. I'm just curious what so people may say.

[Revelations86]

I'm sure he can.

http://www.amazon.com/Gigabyte-GDDR5-3GB-Graphics-GV-R928XOC-3GD-REV2/dp/B00H34J64M/ref=sr_1_1?ie=UTF8&qid=1394080142&sr=8-1&keywords=r9+280x

I could place my bulk order and get those for $320 via amazon (20% discount). They were in stock earlier, they're getting more this week.

Just wanted to follow-up: Full refund is finally confirmed. Thanks and good luck to all.

How did you get a 20% discount?

[Revelations86]

Can anybody guess how many coins you'll need too get a R9 280X? I understand it's up to the markets. I'm just curious what so people may say.

I'm assuming that it'll be pegged to how much the exchange rate is of GPU Coin to BTC to Dollars (Coinmarketcap would be good at showing this) at any given point.

[vesperwillow]

I'm sure he can.

http://www.amazon.com/Gigabyte-GDDR5-3GB-Graphics-GV-R928XOC-3GD-REV2/dp/B00H34J64M/ref=sr_1_1?ie=UTF8&qid=1394080142&sr=8-1&keywords=r9+280x

I could place my bulk order and get those for $320 via amazon (20% discount). They were in stock earlier, they're getting more this week.

Just wanted to follow-up: Full refund is finally confirmed. Thanks and good luck to all.

How did you get a 20% discount?

gc4btc.com helps out. You can talk to the owner and he'll get you bulk amounts offline. I keep giftcard in stock weeks before Amazon restocks. Newegg usually has them in stock longer because they charge more and put limits, so they're great if you absolutely have to buy something, but Amazon doesn't care if you order 5 or 90. I'm sure GPUC will get good pricing when they finalize their partnerships.

[GPU Coin]

So a little update.  Our distributor upped the price of Asus cards due to the high demand, so I dropped them and put in an order for 80 Gigabyte R9 280X cards.

So... you mean that ... you did not actually have a deal set up when you told investors about your plans?

I'm fairly certain they came up with this entire idea overnight because it shows. However the bigger problem is who wants 280x's? And did they really just claim to have ordered 80 of them? Now, it sounds like to me they just suckered people into buying them 80 GPU's that they will sell back to you for whatever your coins are worth. This could get worse...

I have a 280x showing up at my door on friday, and quite frankly, i would enjoy more 280x's   Newegg lists that card @ $469.99 + tax (I live in Cali = $35.25) + $5.92 S&H = $534.92
Let us know if you can beat that price GPUCoin

btw, %17.4 of the people that voted in the poll, said they would like 4-6 R9 280x's

If they don't change the price before they ship them again we will be selling them at the GPUC equivalent of $420 or so shipped in the continental US.  When talking with my lawyer I found out that if I accept commodities as payment I personally don't have to collect tax on anything sold within the state of VA and it's up to the person who purchased the item to claim the item and pay taxes on it in their state.  I'm sure legalities involving crypto currencies will change, but my lawyer said he'll inform me if it does.

[Revelations86]

I'm sure he can.

http://www.amazon.com/Gigabyte-GDDR5-3GB-Graphics-GV-R928XOC-3GD-REV2/dp/B00H34J64M/ref=sr_1_1?ie=UTF8&qid=1394080142&sr=8-1&keywords=r9+280x

I could place my bulk order and get those for $320 via amazon (20% discount). They were in stock earlier, they're getting more this week.

Just wanted to follow-up: Full refund is finally confirmed. Thanks and good luck to all.

How did you get a 20% discount?

gc4btc.com helps out. You can talk to the owner and he'll get you bulk amounts offline. I keep giftcard in stock weeks before Amazon restocks. Newegg usually has them in stock longer because they charge more and put limits, so they're great if you absolutely have to buy something, but Amazon doesn't care if you order 5 or 90. I'm sure GPUC will get good pricing when they finalize their partnerships.

That's good to know. Thanks!  I actually order a lot of stuff from Amazon (books and all sorts of household appliances) and have a prime membership with them as well.  Any other sites that sell discounted gift cards that you would recommend?

[illiki23]

I found out that if I accept commodities as payment I personally don't have to collect tax on anything sold within the state of VA and it's up to the person who purchased the item to claim the item and pay taxes on it in their state.  

This is a little confusing, could you please clarify:
Are you not going to collect tax?  By commodity do you mean GPUCoin?
Will customers have to deal with taxes on their own?

[GPU Coin]

I found out that if I accept commodities as payment I personally don't have to collect tax on anything sold within the state of VA and it's up to the person who purchased the item to claim the item and pay taxes on it in their state. 

This is a little confusing, could you please clarify:
Are you not going to collect tax?  By commodity do you mean GPUCoin?
Will customers have to deal with taxes on their own?

GPUC isn't a federally accepted for of currency, so it's considered a commodity.
If you've ever ordered anything online from another state you are supposed to tell the state you live in what you bought and pay the appropriate state sales tax on it.

In reality, I've never once seen any single person do this.  I am not telling you to ignore state tax codes, I'm just informing you that I've never seen any one go out of their way to inform the state of any items they purchased on the internet just so they could pay additional taxes.

[vesperwillow]

I'm sure he can.

http://www.amazon.com/Gigabyte-GDDR5-3GB-Graphics-GV-R928XOC-3GD-REV2/dp/B00H34J64M/ref=sr_1_1?ie=UTF8&qid=1394080142&sr=8-1&keywords=r9+280x

I could place my bulk order and get those for $320 via amazon (20% discount). They were in stock earlier, they're getting more this week.

Just wanted to follow-up: Full refund is finally confirmed. Thanks and good luck to all.

How did you get a 20% discount?

gc4btc.com helps out. You can talk to the owner and he'll get you bulk amounts offline. I keep giftcard in stock weeks before Amazon restocks. Newegg usually has them in stock longer because they charge more and put limits, so they're great if you absolutely have to buy something, but Amazon doesn't care if you order 5 or 90. I'm sure GPUC will get good pricing when they finalize their partnerships.

That's good to know. Thanks!  I actually order a lot of stuff from Amazon (books and all sorts of household appliances) and have a prime membership with them as well.  Any other sites that sell discounted gift cards that you would recommend?

There's some I've run across, but they fail my memory right now. You probably know this already, but gyft.com will also take bitcoin, and will give you instant giftcards to places including amazon. I've used them for "oh crap I need money now" moments.

[WhiteyZ]

I found out that if I accept commodities as payment I personally don't have to collect tax on anything sold within the state of VA and it's up to the person who purchased the item to claim the item and pay taxes on it in their state. 

This is a little confusing, could you please clarify:
Are you not going to collect tax?  By commodity do you mean GPUCoin?
Will customers have to deal with taxes on their own?

GPUC isn't a federally accepted for of currency, so it's considered a commodity.
If you've ever ordered anything online from another state you are supposed to tell the state you live in what you bought and pay the appropriate state sales tax on it.

In reality, I've never once seen any single person do this.  I am not telling you to ignore state tax codes, I'm just informing you that I've never seen any one go out of their way to inform the state of any items they purchased on the internet just so they could pay additional taxes.

I think it would be very funny, if you tell your state (in my case good ol' germany), that you paid 534000 GPUcoins for the card. They will answer: you have to pay 101460 GPUC tax. Please pay to the following adress: 1GerGpuCx2650dfsd655fasas454d

 

[blueangel01]

The merchant will be taxed depends on the market value of the product at the time of sale.

[p4r4m0un7]

Since I can`t read all of the thread, can someone give an update at what stage is this coin. Is there a planned relaunch or it is not clear?

[micryon]

Update on my side of Dev.. just so you guys know stuff is actually going on....

I couldn't get in touch with cryptowest today.. may just be we're in diff timezones.. Decided instead just to continue with my code base.  This strategy isn't necessarily a bad thing: there's precedents in the industry for 2 teams to race to a project finish.. and then we have the luxury of picking the safest route.  Steve Jobs somewhat famous for driving his teams like that @ apple back in the day.

Anyways after getting home from work, doing the family stuff.. hosting some guests.  after everyone asleep.. picked up the code that I had from sunday night and made a few modifications and started testing.  Now I didn't actually just fork vertcoin/pandacoin code base to start this project, instead i took Realstackcoin, and that was from RPC and manually integrate the KGW and N-factor changes.  Not especially hard.. but you do have to be careful when splicing in other people's code in a code base where you might only understand 10% of (which in all honesty... I'm pretty noob at this, since i started hacking this code... just last week on RSC ).  A little nervous that i had some typos here and there or whatever... so started testing...

Found bug #1: TYPO on the premine.. 40M instead of 400M.. oops that would have been embarrassing
Found bug #2: had Nonce set incorrectly on genesis block (but bug was hidden behind the fact that i turned searchgenesis code block on.. which somehow modified my block.nonce to be.. correct..  i still don't get how that happens.. )  but anyways that was fixed.

Started mining on my 2 machines using linux daemon client gen=1 on CPU.. found premine block.. so basics are working....
Next test: check that block reward in GetBlockValue is working as expected (that was the relaunch2 FUBAR).

  Temporarily turned off KGW through return of bnProofOfWorkLimit in GetNextWorkRequired function
  Temporarily turned off the slow ramp Subsidy code (block 1-200 =0, block 200-720 =1 reward).  
  Temporarily turned lowered block havling down to 40 (from 250000)

Started pointing my vertcoin GPU cluster onto solo mining.. finding lots of blocks fast...
  Check listaccounts, to ensure that i'm actually getting block rewards that I'm expecting.
  Mining... waiting for my blocks to mature so i can start testing sending/receiving (should work.. but better test to make sure)

meantime : Provisioned 2 VPS nodes, one in Toronto, and one in Chicago.. to be the DNS seed , and 1 Blockchain seed node... this is for backup.  GPUC already has some nodes he purchased so we are probably going to use those nodes



Here's the full dev plan that I'm tracking to... yes it may seem a bit complicated for such a small project, but it really helps with NOT making mistakes...

Development plan
-------

Coding:
  - (done) Temporarily remove checkpoints
  - (done) Change ports
  - (done) Update GPUcoin_seeder with ports.
  - (done) All name changes, and symbol changes: GPUC
  - (done) Change max coins amount, and original COIN amount
  - (done) Change KGW retarget time
  
  - (done) Add in DNSSeed address, and hardcoded 3 node seed addresses, 3 data center VPSes: 2 in US, and 1 in canada
  - (done) Revert fix micro, milli units (this was changed before to avoid integer overflows for 100B+coins)
  - (done) Update subsidy schedule
  
    - (done) change confirmations needed to account for 60second blocktimes changed to 12
  - (done) nfactor schedule

Internal Testing:  
  - testing phase on intranet using linux CLI daemon
    - (done) test client mining
    - (done) test rewards
    - test KGW
    - test send/receive
    - test client mining (cpu)
    - test GPU mining - solo
    
   << -- we are here now -- >>
  
    - blow away all temp datadirs.
        
Final Modifications:
  - Get PNG logl & graphics from GPUC, and populate QT folder
  - Change address prefix from S to G
  - Build windows_alpha client
  - Test windows alpha client, test send on test network.
  - Add launch Seed nodes to DNSseed main.cpp hard code
  
  <functional code complete here>
  <push to github as code complete ahead of real deployment>
  
  <get code reviews>

Real Genesis blocks, and fork prevention:  
 - Update to launch pszTimestamp
 - Update to launch nTime to curent POSIX time
 - Create *real* genesis hash, merkle root, and get nonce
 - Mine to ~200 blocks
 - Get checkpoints, and update checkpoints.cpp
 - Settle on final node IP address hardcodes, and any changes to DNS seed host addresses
 
Deployment:  
 - Build Final Windows and OSX client release
 - Deploy on VPS behind firewall: DNSSeed, and Seed node
 - Setup IP tables, etc.

Final Test:
 - Test Run DNSseed and make sure it can ping seed nodes, and shows as available
 - Test that DNS seed is working using nslookup
 - Test Final windows build can connect immediately from fresh start (no previous blockdb)
 - Test Final windows build sends / receive coins working
 - Test GPU mining against "real" network for blocks 200-210 (reward=1)
 - Send private build to GPUC
 - Send 400M premine coins to GPUC's wallet
 
Final Launch:
 - Upload windows build to mega, post launch code to github
 - Launch