illiki23
Sr. Member
 Offline
Activity: 602
Merit: 295
Hail Eris!
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March 31, 2014, 07:34:22 PM
Last edit: March 31, 2014, 07:48:44 PM by illiki23 |
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I think they said they will be running sale to get rid of current stock that is left, because they will move in next batch..
So better be ready to buy 280x just before stock runns out if you need it.. it seem we`ll have a huge sale of 240s hh
And I am saying it is a bad business move to hold a sale and not have at least a few on reserve. People will plan on buying a particular piece of equipment and if they show up and they find out they did not sell any that day during the sale it would be dissapointing. Even if it is just 3 or 4 cards. GpuCoin can pull them right now from the store if they have not set aside some yet. But I have faith in GPUCoin that they would not advertise a sale and not have the items people are showing up to purchase. In case they did not have this good customer care foresight, it is worth mentioning here so they don't upset customers. I will be waiting when the store opens so I will be irked if they do not have any on sale. It would be a waste of my time. |
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Ambros
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March 31, 2014, 07:43:15 PM |
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Do u ship in europe  |
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waltsmith
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March 31, 2014, 07:49:07 PM |
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Aaaaand, the current buy pressure is what comes from being at the top of the coinwarz list. All the mine-n-dumpers hit and roll once the buy pressure is gone.
waltsmith
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Psynthax
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March 31, 2014, 07:53:57 PM
Last edit: March 31, 2014, 08:07:40 PM by Psynthax |
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I think they said they will be running sale to get rid of current stock that is left, because they will move in next batch..
So better be ready to buy 280x just before stock runns out if you need it.. it seem we`ll have a huge sale of 240s hh
And I am saying it is a bad business move to hold a sale and not have at least a few on reserve. People will plan on buying a particular piece of equipment and if they show up and they find out they did not sell any that day during the sale it would be dissapointing. Even if it is just a 3 or 4 cards. GpuCoin can pull them right now from the store if they have not set aside some yet. But I have faith in GPUCoin that they would not advertise a sale and not have the items people are showing up to purchase. In case they did not have this good customer care foresight, it is worth mentioning here so they don't upset customers. I will be waiting when the store opens so I will be irked if they do not have any on sale. It would be a waste of my time. You should not be that harsh on them, there will be many more sales man.. Its not like this is their last batch of cards and that`s it.. it`s the first one with hopefully many more to come.. They`re just trying to keep the wheel spinning.. Aaaaand, the current buy pressure is what comes from being at the top of the coinwarz list. All the mine-n-dumpers hit and roll once the buy pressure is gone.
waltsmith
I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows.. IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time.. |
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httpb
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March 31, 2014, 08:05:33 PM |
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Do u ship in europe I am wondering that too. Is this only for USA or do you ship internationally? |
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micryon
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March 31, 2014, 08:16:19 PM |
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I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows..
IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..
I agree the coin economy is misaligned with business growth at present... it's kind of a scary downwards spiral atm. You know.. we could hard-fork this coin and reduce rewards or change rewards schedule, as needed... could still pull it off at this point given low adoption rate. Just requires everyone to updated their clients. |
VTC: Vi5NxyF6FPCCEQDrsDcA34P8pXe1Yck21y PDR: PP3EQsV3oX9bBkjpsnESguMHz3tfMqHXhy PlanetDollar |
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Psynthax
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March 31, 2014, 08:22:28 PM
Last edit: March 31, 2014, 11:46:01 PM by Psynthax |
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I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows..
IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..
I agree the coin economy is misaligned with business growth at present... it's kind of a scary downwards spiral atm. You know.. we could hard-fork this coin and reduce rewards or change rewards schedule, as needed... could still pull it off at this point given low adoption rate. Just requires everyone to updated their clients. Well, it is up to ya`ll to decide, but pumping half of the coin cap in just 6 months is insane and you already have ~10% of the market cap out.. It would be also good to lower transaction confirmations because there is no need to have it at 1 minute for each block, its not like customers are standing and waiting in line that you need fast confirmations. Confirmation time have direct implications on blockchain security.. here is a good article on this subject: http://bitcoinmagazine.com/8972/quarkcoin-noble-intentions-wrong-approach/But again.. changing coin economy is very bad, because there are big miners that mined a lot already and have moved to other coins since this one is so fast and you might loose trust of the people because it is a direct market manipulation |
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svenp
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March 31, 2014, 08:59:46 PM |
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I don't think the 1 minute blocks are a problem but agree that the inflation rate is obviously too high right now. 200M coins/week is a lot considering the size of the business. If Jaymes had more $ to invest in inventory perhaps it would be ok.
Problem is, if you cut the inflation rate, will people mine it? Hash rate is already pretty low, the only way to keep people hashing is for the inflation rate to fall AND the value of the coins to rise to compensate. It's not clear to me that the second part would follow the first and if it didn't the coin would die.
On the other hand only 616M coins have been mined of the 13.5B total (plus the premined coins so about 1B total exist) so if it's going to happen now would be the time to do it.
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Psynthax
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March 31, 2014, 09:03:54 PM |
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Why would you mine for days, months, when you can mine percentage of the market cap in few days and move on ?
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svenp
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March 31, 2014, 09:11:18 PM |
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It will be mined if it's worth it to mine. If the inflation rate is cut now it *won't* be worth it to mine. That is, unless the coin price rises to compensate which is not something I would expect to happen automatically.
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Psynthax
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March 31, 2014, 09:21:40 PM |
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Yes it will be mined, but miners will move in and out quickly and your network will not gain growth momentum since it is so fast, you can mine market cap quickly while nethash is low and move on.. you can`t build up network that way.. only if the whole crypto-community jumped from start which is unrealistic expectation.. you need TIME so word can spread... I mean 6 months halving, do you expect everyone to know about coin from day 1?
yes it will take time to recover, but it will be ruined immediately, and people could leave to mine more profitable coin.. which means it will not recover in that case..
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silverfern
Newbie
Offline
Activity: 22
Merit: 0
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March 31, 2014, 09:52:56 PM |
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I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows..
IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..
I agree the coin economy is misaligned with business growth at present... it's kind of a scary downwards spiral atm. You know.. we could hard-fork this coin and reduce rewards or change rewards schedule, as needed... could still pull it off at this point given low adoption rate. Just requires everyone to updated their clients. I agree we need to do something, but others have a point about the direct market manipulation. But if it needed to be done, this is the best time. There is just too many coins available at the moment, which people can just mine and dump easily. I don't know if it were to make a difference if we reduce the rewards, would it? |
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koelen3
Legendary
Offline
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
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March 31, 2014, 09:55:53 PM |
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Do u ship in europe This may have some more attention. Could someone please give an answer to this question please? |
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PCJargon
Full Member
Offline
Activity: 126
Merit: 100
Smashing rocks with my GPU
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March 31, 2014, 09:59:52 PM |
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Do u ship in europe This may have some more attention. Could someone please give an answer to this question please? I believe you just need to pay more GPUC... I found a post on another site that says "Overseas shipping will be extra." |
Check out this site for legit free BTC. It's like an hourly free lottery ticket that always pays out at least 300 satoshi, and could net you over .3 BTC if you're really lucky. Just gotta fill out a captcha each time. (basically a faucet with chance of real reward) http://freebitco.in/?r=242778 |
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PCJargon
Full Member
Offline
Activity: 126
Merit: 100
Smashing rocks with my GPU
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March 31, 2014, 10:01:26 PM |
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The real issue right now is that GPUC isn't on any established/quality exchange. Mint vote mint vote mint vote mint vote mint vote! (Do not use cryptorush)
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Check out this site for legit free BTC. It's like an hourly free lottery ticket that always pays out at least 300 satoshi, and could net you over .3 BTC if you're really lucky. Just gotta fill out a captcha each time. (basically a faucet with chance of real reward) http://freebitco.in/?r=242778 |
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dukeneptun
Legendary
Offline
Activity: 1064
Merit: 1000
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March 31, 2014, 10:26:23 PM |
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Changing economy in this coin is not a good idea...  It really needs some casino.... |
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bananahunter67
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March 31, 2014, 10:41:08 PM |
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Aaaaand, the current buy pressure is what comes from being at the top of the coinwarz list. All the mine-n-dumpers hit and roll once the buy pressure is gone.
waltsmith
Hey buddy, I can see you have included the signature, however, to officialy register to the contest and get tracked, please, post in the thread: https://bitcointalk.org/index.php?topic=550206@ anyone else: come on, 4 graphic cards are waiting for you, register and adjust your signature! |
Cryptostats.es
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jimlite
Legendary
Offline
Activity: 1848
Merit: 1018
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March 31, 2014, 10:49:01 PM |
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I've been saying for a while that 20,000/block at 3 difficulty is just producing too many coins.
Sure it may be psychological, but people would rather buy a gpu with 10,000 coins than 10,000,000.
And they would rather buy or sell gpuc for .0001 btc than .00000010 btc. I think it is not too
late for a halving of block rewards. Max coin just did it last week and everything went fine. But
all coins are in a downtrend now.
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Psynthax
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March 31, 2014, 11:01:20 PM
Last edit: March 31, 2014, 11:47:19 PM by Psynthax |
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It really does not make a difference how many coins there are, but the rate at which new coins are produced or block time does
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silverfern
Newbie
Offline
Activity: 22
Merit: 0
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March 31, 2014, 11:01:56 PM |
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I've been saying for a while that 20,000/block at 3 difficulty is just producing too many coins.
Sure it may be psychological, but people would rather buy a gpu with 10,000 coins than 10,000,000.
And they would rather buy or sell gpuc for .0001 btc than .00000010 btc. I think it is not too
late for a halving of block rewards. Max coin just did it last week and everything went fine. But
all coins are in a downtrend now.
I saw Maxcoin doing it last week as well. I thought it was a bad idea for them to do it.... I didn't think it went all that bad lol... I keep voting, telling my friends about the coin, there's at least some marketing with free GPU's etc, but there isn't as much interest. :9 |
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