[GPUC] GPU Coin | Mandatory Wallet Update

[GaryL]

Everyday i read this topic, just want know how low it can be,haha.

[Land Marks]

So - guess the DEV is dead - but we could revive this coin by privately selling hardware with GPUC - i got (all used) 3 290 reference design, 6 270x (3 his iceQ, 3 sapphire dual-x) and 3 750ti (with 1 6 pin) in Germany (so EU buyers only)- if anyone is interested - pm me.

Working with the current Poloniex rate vs btc into usd - we could just all use straight btc though but hey, that would be boring xD

I have my toxic still on sale at ebay.

(and I really hope it is not used as the box was not sealed and clearly had been opened.)

If it does not sell I can 'maybe' sell it for GPUCoin, depending on how serious the community is to fix this coin.

[Land Marks]

Jaymes:

If GPUCoin was not an intentional scam but rather became overwhelming to you:

The only way to effectively overcome fear is to approach rather than avoid. 

It gets easier when you begin approaching things, although it can be uncomfortable at first.

[pastet89]

Results from the signature contest:

https://bitcointalk.org/index.php?topic=550206.msg6479437#msg6479437
(I am the winner of the first prize  )

Let's hope Jaymes will honour these!!!

[nanoprobe]

There are others delivering right now, but when KNC hits--if they deliver like before--it's going to be game over for the majority of home miners.

I don't think so for a variety of reasons the biggest being there will other coins that asics will not be able to mine. X11 and hefty just to name 2.

Can it be mined on a computer or GPU? Then ASIC can mine it, it just has to be designed.

Like I said, there's 2 companies working on multi-algo ASIC right now, implementing all currently-used mining algos.

And my game-over comment was for LTC miners, as I predict most of the heavy machines will go to that.

Doesn't matter if there are multi-algo asics. There will be coins that they can't mine and trying to develop a new asic every time a new algo comes out would be an exercise in futility not to mention very expensive.

[GPU Coin]

GPU Coin LLC now has no money and owes the bank $1500(should have never signed up for the business credit card).  I originally bought the R9 280X cards for $472 each from a distributor since they were the only people who had any stock of any graphics cards, most likely due to their over inflated prices.  The 270 and 240 were also bought at slightly above market value at the time.  Shipping charges (including materials) averaged $27 for each item sent due to many international orders.  I was selling at a loss thinking that the pre-mined GPUC and the inherent quality that most crypto coins are deflationary would make losses much smaller or negate them entirely.  Then all the gpu prices across the web came crashing down and BTC dropped down real low effectively snubbing the market.  The 8 way splitter I hired a company through e-lance to create cost me $4500 and it still has another 2 months of development before the milestone for delivery is completed.  There were also various lawyer fees and legal documents I had to pay for just to set up the business end.  The grand sum of the endeavour that I now have the 2 R9 270s and 20 R7 240 cards that I saved for the signature contest which I still need to front money to ship and now hundreds of millions of GPUC that there is no way of cashing to buy more stock.  My private mining rigs have been churning away at other coins and dumping BTC to the Mintpal vote in hopes that this business venture could be saved, but with a lack of funds and essentially no stock, there seems like nothing I can think of to bolster this coin.

If there is anyone in the community that can think of anything that may help this coin, please come forth and share.  I currently work two full time jobs to cover my sisters rent and my own so she doesn't have to worry about any more shootings, so my free time is limited, but PM me and I'll try my best to fix this situation.

[micryon]

But will do Scrypt-N very slowly and cost a fortune most likely.  Stats??

You know at this point it would be quite easy for us to fork the coin again to make N > 16k and on a faster schedule... which would make it impossible even for Flowertech pie in the sky spec at the getgo...

Although as mentioned on other forums.. even if they can claim to mine it, you don't know what the perf/profitability would be .. might be 10x more inefficient.. most likely you can't count on linear scaling, since these ASICs are likely designed for scrypt 1024 efficiency.  I'd be surprised if perf would scale linearly when n= 16384...

[jollyriffic]

GPU Coin LLC now has no money and owes the bank $1500(should have never signed up for the business credit card).  I originally bought the R9 280X cards for $472 each from a distributor since they were the only people who had any stock of any graphics cards, most likely due to their over inflated prices.  The 270 and 240 were also bought at slightly above market value at the time.  Shipping charges (including materials) averaged $27 for each item sent due to many international orders.  I was selling at a loss thinking that the pre-mined GPUC and the inherent quality that most crypto coins are deflationary would make losses much smaller or negate them entirely.  Then all the gpu prices across the web came crashing down and BTC dropped down real low effectively snubbing the market.  The 8 way splitter I hired a company through e-lance to create cost me $4500 and it still has another 2 months of development before the milestone for delivery is completed.  There were also various lawyer fees and legal documents I had to pay for just to set up the business end.  The grand sum of the endeavour that I now have the 2 R9 270s and 20 R7 240 cards that I saved for the signature contest which I still need to front money to ship and now hundreds of millions of GPUC that there is no way of cashing to buy more stock.  My private mining rigs have been churning away at other coins and dumping BTC to the Mintpal vote in hopes that this business venture could be saved, but with a lack of funds and essentially no stock, there seems like nothing I can think of to bolster this coin.

If there is anyone in the community that can think of anything that may help this coin, please come forth and share.  I currently work two full time jobs to cover my sisters rent and my own so she doesn't have to worry about any more shootings, so my free time is limited, but PM me and I'll try my best to fix this situation.

only one person won a 270 though..
i'll gladly swap the 240 that i won for the 270 and help pay shipping

[GimmeMyCoins]

GPU Coin LLC now has no money and owes the bank $1500(should have never signed up for the business credit card).  I originally bought the R9 280X cards for $472 each from a distributor since they were the only people who had any stock of any graphics cards, most likely due to their over inflated prices.  The 270 and 240 were also bought at slightly above market value at the time.  Shipping charges (including materials) averaged $27 for each item sent due to many international orders.  I was selling at a loss thinking that the pre-mined GPUC and the inherent quality that most crypto coins are deflationary would make losses much smaller or negate them entirely.  Then all the gpu prices across the web came crashing down and BTC dropped down real low effectively snubbing the market.  The 8 way splitter I hired a company through e-lance to create cost me $4500 and it still has another 2 months of development before the milestone for delivery is completed.  There were also various lawyer fees and legal documents I had to pay for just to set up the business end.  The grand sum of the endeavour that I now have the 2 R9 270s and 20 R7 240 cards that I saved for the signature contest which I still need to front money to ship and now hundreds of millions of GPUC that there is no way of cashing to buy more stock.  My private mining rigs have been churning away at other coins and dumping BTC to the Mintpal vote in hopes that this business venture could be saved, but with a lack of funds and essentially no stock, there seems like nothing I can think of to bolster this coin.

If there is anyone in the community that can think of anything that may help this coin, please come forth and share.  I currently work two full time jobs to cover my sisters rent and my own so she doesn't have to worry about any more shootings, so my free time is limited, but PM me and I'll try my best to fix this situation.

Wow. You don't have the free time to follow though on the thousands of dollars of investment money supplied by people in this community? Wow, just wow. You want us to believe that you are NOW part of the conversation (if you have free time). I hope you have the free time to find some integrity... if not hand the coin operations over to someone else.

I learned a long time ago there are no excuses. Whose coin is this?...Yours. Do you have a responsibility?...Yes...Did you screw up?...yes... Do you have free time?...Maybe? Screw you and your bull$hit. Stop being a b!tch and MAN UP and do $hit. Not "if I have free time I will maybe look at doing something you suggest later if my personal situation..."


I do want one of those splitters   (if you have the free time to follow through)

[reesev]

would you be willing to sell the rights to this coin , the website and any thing associated with the coin and all the gpu coin in your possession for $1k USD?

I think we could find enough active people here to turn this coin around.

not interested in the LLC

[jimlite]

Jaymes, if you don't have time or enthusiasm to promote and take care of the coin,
why not hand it over to Hendr1x and Micryon?  Maybe they can salvage it.

[Land Marks]

GPU Coin LLC now has no money and owes the bank $1500(should have never signed up for the business credit card).  I originally bought the R9 280X cards for $472 each from a distributor since they were the only people who had any stock of any graphics cards, most likely due to their over inflated prices.  The 270 and 240 were also bought at slightly above market value at the time.  Shipping charges (including materials) averaged $27 for each item sent due to many international orders.  I was selling at a loss thinking that the pre-mined GPUC and the inherent quality that most crypto coins are deflationary would make losses much smaller or negate them entirely.  Then all the gpu prices across the web came crashing down and BTC dropped down real low effectively snubbing the market.  The 8 way splitter I hired a company through e-lance to create cost me $4500 and it still has another 2 months of development before the milestone for delivery is completed.  There were also various lawyer fees and legal documents I had to pay for just to set up the business end.  The grand sum of the endeavour that I now have the 2 R9 270s and 20 R7 240 cards that I saved for the signature contest which I still need to front money to ship and now hundreds of millions of GPUC that there is no way of cashing to buy more stock.  My private mining rigs have been churning away at other coins and dumping BTC to the Mintpal vote in hopes that this business venture could be saved, but with a lack of funds and essentially no stock, there seems like nothing I can think of to bolster this coin.

If there is anyone in the community that can think of anything that may help this coin, please come forth and share.  I currently work two full time jobs to cover my sisters rent and my own so she doesn't have to worry about any more shootings, so my free time is limited, but PM me and I'll try my best to fix this situation.

Work your way up.  Sell the coins you do have and support the marketplace as well as continue development.  Take a loss and begin hustling cards on your storefront.  I will sell you back the toxic for 300$ in GPUCoins (plus shipping) to start you off.  If not give up find someone who will do atleast one of these things and pass the company on.

[Land Marks]

Results from the signature contest:

https://bitcointalk.org/index.php?topic=550206.msg6479437#msg6479437
(I am the winner of the first prize  )

Let's hope Jaymes will honour these!!!

Um, you cannot be entered in a contest you are moderating...  If you wanted to be a contestant you needed to find someone else to handle it.  You need to pick another person or else the contest would be very unfair.

[vesperwillow]

Haha, yeah that bites.

[JohnnyCrypto]

GPU Coin LLC now has no money and owes the bank $1500(should have never signed up for the business credit card).  I originally bought the R9 280X cards for $472 each from a distributor since they were the only people who had any stock of any graphics cards, most likely due to their over inflated prices.  The 270 and 240 were also bought at slightly above market value at the time.  Shipping charges (including materials) averaged $27 for each item sent due to many international orders.  I was selling at a loss thinking that the pre-mined GPUC and the inherent quality that most crypto coins are deflationary would make losses much smaller or negate them entirely.  Then all the gpu prices across the web came crashing down and BTC dropped down real low effectively snubbing the market.  The 8 way splitter I hired a company through e-lance to create cost me $4500 and it still has another 2 months of development before the milestone for delivery is completed.  There were also various lawyer fees and legal documents I had to pay for just to set up the business end.  The grand sum of the endeavour that I now have the 2 R9 270s and 20 R7 240 cards that I saved for the signature contest which I still need to front money to ship and now hundreds of millions of GPUC that there is no way of cashing to buy more stock.  My private mining rigs have been churning away at other coins and dumping BTC to the Mintpal vote in hopes that this business venture could be saved, but with a lack of funds and essentially no stock, there seems like nothing I can think of to bolster this coin.

If there is anyone in the community that can think of anything that may help this coin, please come forth and share.  I currently work two full time jobs to cover my sisters rent and my own so she doesn't have to worry about any more shootings, so my free time is limited, but PM me and I'll try my best to fix this situation.

I think there is way too many coins, this is the main problem!

So a good way to fix this would be to make a GPUC 2.0, with a lot less coins, while also making sure all current mined/bought coins remain valid.

So in GPUC 2.0 you would have to lower the block reward to say something like 100-500 coins. I think Scrypt-N algo is too hard for new people to use, and the future is all about energy efficiency, so maybe switch the algo to something easier to mine like Keccak or X11 etc.

Another thing that can boost adoption/price would be implementing POS into GPUC. Maybe do something like Blackcoin and switch to POS only after a certain future block, but not too far in the future (maybe a month or so). People would be mining/buying these things like crazy, imo. Then you would have a coin that is energy efficient and easy to mine, plus gives people another incentive to buy/mine (not just for buying GPUs). Imagine people would be able to buy GPUs with their POS mined coins (basically free).. now if that's not incentive enough, i don't know what is.

Good Luck! 

[d4wn0ff473]

GPU Coin LLC now has no money and owes the bank $1500(should have never signed up for the business credit card).  I originally bought the R9 280X cards for $472 each from a distributor since they were the only people who had any stock of any graphics cards, most likely due to their over inflated prices.  The 270 and 240 were also bought at slightly above market value at the time.  Shipping charges (including materials) averaged $27 for each item sent due to many international orders.  I was selling at a loss thinking that the pre-mined GPUC and the inherent quality that most crypto coins are deflationary would make losses much smaller or negate them entirely.  Then all the gpu prices across the web came crashing down and BTC dropped down real low effectively snubbing the market.  The 8 way splitter I hired a company through e-lance to create cost me $4500 and it still has another 2 months of development before the milestone for delivery is completed.  There were also various lawyer fees and legal documents I had to pay for just to set up the business end.  The grand sum of the endeavour that I now have the 2 R9 270s and 20 R7 240 cards that I saved for the signature contest which I still need to front money to ship and now hundreds of millions of GPUC that there is no way of cashing to buy more stock.  My private mining rigs have been churning away at other coins and dumping BTC to the Mintpal vote in hopes that this business venture could be saved, but with a lack of funds and essentially no stock, there seems like nothing I can think of to bolster this coin.

If there is anyone in the community that can think of anything that may help this coin, please come forth and share.  I currently work two full time jobs to cover my sisters rent and my own so she doesn't have to worry about any more shootings, so my free time is limited, but PM me and I'll try my best to fix this situation.

I think there is way too many coins, this is the main problem!

So a good way to fix this would be to make a GPUC 2.0, with a lot less coins, while also making sure all current mined/bought coins remain valid.

So in GPUC 2.0 you would have to lower the block reward to say something like 100-500 coins. I think Scrypt-N algo is too hard for new people to use, and the future is all about energy efficiency, so maybe switch the algo to something easier to mine like Keccak or X11 etc.

Another thing that can boost adoption/price would be implementing POS into GPUC. Maybe do something like Blackcoin and switch to POS only after a certain future block, but not too far in the future (maybe a month or so). People would be mining/buying these things like crazy, imo. Then you would have a coin that is energy efficient and easy to mine, plus gives people another incentive to buy/mine (not just for buying GPUs). Imagine people would be able to buy GPUs with their POS mined coins (basically free).. now if that's not incentive enough, i don't know what is.

Good Luck!  

Good plan... make whales of everyone who has coins; Then let the new people scrounge through the aftermath and sell walls. And what exactly is difficult about scrypt-n for new people? that extra number you have to stipulate? They are all equally easy to mine you just don't like the khash number that you are getting. There is nothing more or less complex about mining for the miner between scrypt-n, keccak, or x11. You test settings, make a launch script, and double click it. Don't fool yourself into thinking that you are actually controlling the complexity of anything.

[pastet89]

Results from the signature contest:

https://bitcointalk.org/index.php?topic=550206.msg6479437#msg6479437
(I am the winner of the first prize   )

Let's hope Jaymes will honour these!!!

Um, you cannot be entered in a contest you are moderating...  If you wanted to be a contestant you needed to find someone else to handle it.  You need to pick another person or else the contest would be very unfair.

It doesn't state in the rules that I can not. If you see it stated somwhere written apart from your own mind suggestion, please link to it.

[pastet89]

Maybe it's best idea someone willing to make business and being serous to buy all the coins from Jaymes on a low price and start all clear with new OP etc...
However IMO reputation of this coin is ruined and why would one start reviving it instead of making it's own coin?
The only good thing would be to take the huge amount of coins from Jaymes and hope for a price rise which to provide him again money to start the business. However I do not see the price rising easy whenever.
Maybe last hope is when ASICs come and people turn to scrypt-n.

[k!lowatts]

too much sells at 1 satoshi. unless some one bail it out.

[illiki23]

Results from the signature contest:

https://bitcointalk.org/index.php?topic=550206.msg6479437#msg6479437
(I am the winner of the first prize   )

Let's hope Jaymes will honour these!!!

Um, you cannot be entered in a contest you are moderating...  If you wanted to be a contestant you needed to find someone else to handle it.  You need to pick another person or else the contest would be very unfair.

It doesn't state in the rules that I can not. If you see it stated somwhere written apart from your own mind suggestion, please link to it.

You should know better to enter yourself as a participant in a contest that you are running.

Just give it to the next in line.  The whole contest was a sham anyways because the owner disappeared and gave absolutely no indication they were coming back.  I changed my sig a few days ago after waiting for a very long time to see if the owner would come back.

You should hold the contest over.  If I knew the coin was still alive I would have kept my sig.