[GPUC] GPU Coin | Mandatory Wallet Update

[illiki23]

if you're not capable of discerning how the system works

There is no system to discern, the technical details remain vague and hidden.  I am not talking about the general idea, but what exactly will be done with the IPO funds in the long term.

[1714638811]

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[1714638811]

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[d4wn0ff473]

if you're not capable of discerning how the system works

There is no system to discern, the technical details remain vague and hidden.  I am not talking about the general idea, but what exactly will be done with the IPO funds in the long term.

He is a certified nuclear reactor operator, I think he knows how to run a completely non associated business.

[vesperwillow]

He is a certified nuclear reactor operator, I think he knows how to run a completely non associated business.

Most "good quality" nukes don't identify themselves as such. I take it with a grain of salt, especially considering he wouldn't disclose his sister company, and vaguely referenced that its owner had a degree. Like, woo, a degree.

I just believe that despite the lack of a competent business team this is still a good gamble.  But seriously, D for effort for the CEO.  If this were a normal corporation he would have been replaced a very long time ago.

I am still somewhat flabbergasted that the CEO refuses to answer a large handful of investor questions.  The way he deals with investors is very unprofessional.

While I agree largely with how he has handled things, if you're not capable of discerning how the system works, don't knock the guy. I don't personally agree with how he's done things, nor did I want to stay in the IPO--but the model and how the system works is easily understood. It's also not new, it's just new in being based on GPUs.

What model?

How much of the profits will be used to purchase new GPUs then?  Did I miss something?

What is the business plan for the GPUCoin store?

They are treating us not as investors in a company but rather just as a means to get their business running - we may or may not make profit off of it.

edit:  I have been asking for days, and I am sorry if I missed it, but this information is not too hard to give to investors.  Unless they just don't want to.

You keep thinking you're an investor. You're not. He used the acronym IPO inappropriately just like he did with CEO. He didn't offer shares, because LLC's can't have shares. What he did was open up an initial public BUYIN. You didn't invest, you circumvented mining by giving him the necessary funds to start the system up. In return, he gave you many many coins to do with as you please.

He isn't required to disclose his methodology. Sure, he could, but he has explained enough. I get it, some others get it. I've explained the overall aspect several times. What he does with the "IPO" is clear. It's been explained.

I used to be an IPO. I bailed out for several reasons, one of which is along the lines of your complaint. Lack of information. As I cited to him and others publically, "lack of business acumen" was one of my reasons for bailing.

[djm34]

if you're not capable of discerning how the system works

There is no system to discern, the technical details remain vague and hidden.  I am not talking about the general idea, but what exactly will be done with the IPO funds in the long term.

He is a certified nuclear reactor operator, I think he knows how to run a completely non associated business.

That guy is definitely a genius, he was able to rise 40k $ out of nowhere

[jimlite]

Yeah, my only complaint is the CEO should be posting here, twitter, facebook, etc.
what is going on, or at least hire someone to do it.  We IPO investors and even
miners supporting the system deserve to have updates.

[d4wn0ff473]

He is a certified nuclear reactor operator, I think he knows how to run a completely non associated business.

Most "good quality" nukes don't identify themselves as such. I take it with a grain of salt, especially considering he wouldn't disclose his sister company, and vaguely referenced that its owner had a degree. Like, woo, a degree.

I just believe that despite the lack of a competent business team this is still a good gamble.  But seriously, D for effort for the CEO.  If this were a normal corporation he would have been replaced a very long time ago.

I am still somewhat flabbergasted that the CEO refuses to answer a large handful of investor questions.  The way he deals with investors is very unprofessional.

While I agree largely with how he has handled things, if you're not capable of discerning how the system works, don't knock the guy. I don't personally agree with how he's done things, nor did I want to stay in the IPO--but the model and how the system works is easily understood. It's also not new, it's just new in being based on GPUs.

What model?

How much of the profits will be used to purchase new GPUs then?  Did I miss something?

What is the business plan for the GPUCoin store?

They are treating us not as investors in a company but rather just as a means to get their business running - we may or may not make profit off of it.

edit:  I have been asking for days, and I am sorry if I missed it, but this information is not too hard to give to investors.  Unless they just don't want to.

You keep thinking you're an investor. You're not. He used the acronym IPO inappropriately just like he did with CEO. He didn't offer shares, because LLC's can't have shares. What he did was open up an initial public BUYIN. You didn't invest, you circumvented mining by giving him the necessary funds to start the system up. In return, he gave you many many coins to do with as you please.

He isn't required to disclose his methodology. Sure, he could, but he has explained enough. I get it, some others get it. I've explained the overall aspect several times. What he does with the "IPO" is clear. It's been explained.

I used to be an IPO. I bailed out for several reasons, one of which is along the lines of your complaint. Lack of information. As I cited to him and others publically, "lack of business acumen" was one of my reasons for bailing.

I forgot to put the /sarcasm tag in.

[trademark]

Yeah, my only complaint is the CEO should be posting here, twitter, facebook, etc.
what is going on, or at least hire someone to do it.  We IPO investors and even
miners supporting the system deserve to have updates.

I think he just sleeps a lot.

[jimlite]

Yeah, my only complaint is the CEO should be posting here, twitter, facebook, etc.
what is going on, or at least hire someone to do it.  We IPO investors and even
miners supporting the system deserve to have updates.

I think he just sleeps a lot.

Or hopefully just is working on the store and acquiring GPUs.
So he could quit his job at the nuclear plant. Hopefully he is
not Homer Simpson. Maybe he just needs a few donuts for
motivation.  Mmmm Donuts.
He studied nuclear physics, he loved his classes, $50k of IPO
can buy a lot of beer. The future's so bright he needs to wear shades.
And if you don't get this, get back in school kids, you're too
young to be investing in Crypto.

[illiki23]

You keep thinking you're an investor. You're not. He used the acronym IPO inappropriately just like he did with CEO. He didn't offer shares, because LLC's can't have shares. What he did was open up an initial public BUYIN. You didn't invest, you circumvented mining by giving him the necessary funds to start the system up. In return, he gave you many many coins to do with as you please.

He isn't required to disclose his methodology. Sure, he could, but he has explained enough. I get it, some others get it. I've explained the overall aspect several times. What he does with the "IPO" is clear. It's been explained.

I used to be an IPO. I bailed out for several reasons, one of which is along the lines of your complaint. Lack of information. As I cited to him and others publically, "lack of business acumen" was one of my reasons for bailing.

Whether or not he is required to disclose his methodology has little to do with whether he 'should' disclose his methodology or not.

He can do what he wants.  He can shut down the store and take every penny of profit.  Technically he can do that.  But it would still be considered to be bad business practice.

[Ritual]

Thank you all for such detailed answers to my question. I'm still absorbing some of it  I consider myself a bit more educated now than I was an hour ago!

[trademark]

Yeah, my only complaint is the CEO should be posting here, twitter, facebook, etc.
what is going on, or at least hire someone to do it.  We IPO investors and even
miners supporting the system deserve to have updates.

I think he just sleeps a lot.

Or hopefully just is working on the store and acquiring GPUs.
So he could quit his job at the nuclear plant. Hopefully he is
not Homer Simpson. Maybe he just needs a few donuts for
motivation.  Mmmm Donuts.
He studied nuclear physics, he loved his classes, $50k of IPO
can buy a lot of beer. The future's so bright he needs to wear shades.
And if you don't get this, get back in school kids, you're too
young to be investing in Crypto.

Homer. He's my favorite, but looking at the CEO's picture. He looks more like Ned Flanders. lol

[NickPortland]

Gpu coin on Crypto Rush in 4 days with 400 satoshi debuting price

[XScrypt]

Yeah, my only complaint is the CEO should be posting here, twitter, facebook, etc.
what is going on, or at least hire someone to do it.  We IPO investors and even
miners supporting the system deserve to have updates.

I think he just sleeps a lot.

Or hopefully just is working on the store and acquiring GPUs.
So he could quit his job at the nuclear plant. Hopefully he is
not Homer Simpson. Maybe he just needs a few donuts for
motivation.  Mmmm Donuts.
He studied nuclear physics, he loved his classes, $50k of IPO
can buy a lot of beer. The future's so bright he needs to wear shades.
And if you don't get this, get back in school kids, you're too
young to be investing in Crypto.

Im not a troll, but like you say 50k in dollars, and untraceable ? Wouldn't you run??

No. Then again, I'm not in life for the money.

[SP4RK7]

Nope - I cant see the profit.

Your numbers are way out.

At current price of 30 sat it would cost 2.3 million gpuc for a 280x

using your 2x290 you should be getting about 800k/hash which at current difficulty is about 23,000 gpuc a day

You seem to pay a lot for electric as well are you South UK?

Hiya, Im estimating, I guess I should use less electricity on Scrypt-N right?

Ok so lets say £3 per day. I had some problems with the pools to start with and I don't get that great a KH so 760KH and  687WU on two R9.

Now I check my pool. Estimates 21 thousand per day.

30 days is one month (average) so 30 x 21000 is 630000

And that's if difficulty stays the same....

30 x £3 = £90

how much was that R9 again? Im lost again. It still doesn't seem to jump out at me and go PROFIT or CHEAP GPU. Its just an exchange of money to electricity to coins to cards that could probably work out the same if I put 3 pound per day in the bank.

With the price of GPUC being so low I agree that mining is only just breaking even for most people.

I think once the store front opens the price of GPUC will rise and as long as you haven't dumped your coins for nothing you will then be in a lot better position.

So with your 30 days of mining 630,000 coins you might be able to buy 1 gpu, 3 gpu's or maybe only have enough for 1/2 a gpu it all depends on how things work out

[micryon]

Given market activities, it doesn't seem like IPO holders are dumping..

Some miners still dumping though.

I've got a large % of the premine, and I'm not selling, personally..

[SP4RK7]

Given market activities, it doesn't seem like IPO holders are dumping..

Some miners still dumping though.

I've got a large % of the premine, and I'm not selling, personally..

Any news from the 'Man in charge'?

People are starting to get a bit restless, understandably so, with no updates as to what's going on.

[BKM]

Given market activities, it doesn't seem like IPO holders are dumping..

Some miners still dumping though.

I've got a large % of the premine, and I'm not selling, personally..

IPO holder here and miner - too early to call this dead that is for sure...... but for those that have run away from mining - thanks! I'm killing it!

[NickPortland]

Where's the mofudging dev.?

[navarthelol]

To those qq'ing about the price of GPU coin i dunno if you've looked around lately but 5mh/s on coinwarz gets you $20 a day. ALL coins are hardly profitable to mine right now 

[madbit1000]

Been trying to get a handle on this...

So it goes something like this:

1) CEO does an IPO and uses funds from this to buy 80 GPUs.
2) He puts these up for sale on his store for GPUCoin only
3) He then ends up with 80 GPUs worth of GPUCoin
4) He now needs to buy new stock, but has no money and no BTC so...
5) He cashes in his GPUC to BTC/cash on an exchange to get cash for new stock
6) GOTO 2

The balance appears to be:

Driving prices down: Owner HAS to dump periodically (and in a lump) to buy in more stock.
Driving prices up: Faith in the coin, IF the store prices are reasonable, and people can mine it quickly enough to make it worth it.

I am missing something here. I just know I am. I can't quite see what's propping the price of this coin up in a few weeks time :/

Yes big dump of 80-100Millions will kill the coin (forgot already about wolong ? )

See this is where my idea will not kill the coin and explode the coin past litecoins and beyond. But he wont listen to me.