[GPUC] GPU Coin | Mandatory Wallet Update

[djek31]

Lol! Not even going to say I told you so! But I told you so. Lmao

[Jherek]

To be honest the cards aren't really that much cheaper. By the time people have waited for their GPUs to arrive from what will be an over subscribed list of people, you could have purchased one possibly slightly more expensive and mined earlier to make up you money lost and more..

So basically this coin is to make the dev's and owner rich and that's it and GREED... Should have sold some shares in the company at least to create some security..

Sorry guys this is my thoughts. But will keep a close eye on it and continue mining for the time being. Really need to see what happens when the store front opens.

Aww.. don't scare them with reason!

[madbit1000]

I think this coin will be killed by the devs dumping even more than any other coins.

I understood that the business idea is to sell hardware with near retail prices using these gpu coins. The price of the hardware then has to be defined by the value of both USD/BTC and GPUC/BTC exchanges.

Once someone makes a hardware purchase, the devs have to dump the coins back to the market to convert them to BTC and then USD to cover the expenses.

I also wonder how they handle taxes... and warranties.. and refunds (think of exchange rates).. The business is operated by this one Jaymes Reilly guy only, what happens if he gets sick or dies accidentally or gets arrested or something?

How do they define the exchange rate (and the price) when purchasing the hardware? Can you make a couple of really high price buy orders at exchanges before making your purchase and have the hardware really cheap?  

It's a huge risk for the devs, since they might not get compensated for the GPUs if nobody is buying their GPU coins or the value of GPU coin has dropped between customers purchase and their dumping. Why include the gpu coin in the mix?

If they can sell hardware cheaper than other online stores and still make a profit or even cover the expenses, why are they not doing it on USD already? If they can, why can't someone else and how come there isn't some store selling cheap gpu's and having them in stock all the time? If they can't, well, then there will be no business.

It will never work.

Lets hope they have something more up their sleeves other than dumping the coins. As you are right this will simply kill the coin.

And if they don't how are they going to purchase more GPU's hmm. Lets hope they have thought of this..

[j23a]

It's a very risky business model. The main person stands to lose a lot of money if things don't go as planed.

[junkozane]

It's a huge risk for the devs, since they might not get compensated for the GPUs if nobody is buying their GPU coins or the value of GPU coin has dropped between customers purchase and their dumping. Why include the gpu coin in the mix?

they got the hardware free from IPO money 

[JwTdd]

If they can sell hardware cheaper than other online stores and still make a profit or even cover the expenses, why are they not doing it on USD already?

Dealers and customer have different prices, but they have a contrat to not sell them under a certain price, the fact is that they dont need contract to exchange them with potatoes (aka gpuc), so they can break the "price". The only thing they are selling is gpucoin, can't even say you buy GPU with gpuc as it's not money.

[djm34]

It's a very risky business model. The main person stands to lose a lot of money if things don't go as planed.

You mean the CEO ?
For him it's a win-win situation (unless he does some stupid things like fixed rate gpucoin/gpu, he really has nothing to lose)
The guy was able to start a small business without any fund or loan thanks to the IPO (and without even giving any shares)
I would suggest him to get in touch with alcurex, may-be they could have some idea for designing an API for online payment in gpucoin (or else)

[madbit1000]

It's a very risky business model. The main person stands to lose a lot of money if things don't go as planed.

How, unless it cost more than the IPO funds to pay for the GPU's. I am sticking with this coin, but very anxious. I am interested to see how the business plan pans out. I just hope for everyone's sake that they have more than just selling GPU's and hardware.

[Sharky444]

I've tried to send my GPUCoin address to get my share from investment, but all emails are returned with this kind of error message (worked 1 week ago):

"[email protected]":
domain has no valid mail exchangers

I sent mine a couple of hours ago worked fine

Just tried again, from 3 different email providers. Everytime got this 15-30 seconds later:

"[email protected]":
domain has no valid mail exchangers

[Jherek]

It's a very risky business model. The main person stands to lose a lot of money if things don't go as planed.

You mean the CEO ?
For him it's a win-win situation (unless he does some stupid things like fixed rate gpucoin/gpu, he really has nothing to lose)
The guy was able to start a small business without any fund or loan thanks to the IPO (and without even giving any shares)
I would suggest him to get in touch with alcurex, may-be they could have some idea for designing an API for online payment in gpucoin (or else)

All the guy was able to do was scam a few morons.

[djm34]

It's a very risky business model. The main person stands to lose a lot of money if things don't go as planed.

You mean the CEO ?
For him it's a win-win situation (unless he does some stupid things like fixed rate gpucoin/gpu, he really has nothing to lose)
The guy was able to start a small business without any fund or loan thanks to the IPO (and without even giving any shares)
I would suggest him to get in touch with alcurex, may-be they could have some idea for designing an API for online payment in gpucoin (or else)

All the guy was able to do was scam a few morons.

It could be a scam in 3 acts:
First Act: StackCoin => cash out all the btc and disappear
Second Act: RealStackCoin => restore the confidence
Third Act: Gpucoin => second cashout lol.

sorry: that's mean 

[Kestrel71]

The problem with this coin is that the Dev never posts anything of value if at all and the community(if there is even one) are not really behind the coin.  I see no push to get it on any decent exchanges and sites like crypto rush only have a few votes from people.
I see this coin dying pretty fast which is a shame.

[madbit1000]

The problem of not sharing in the potential fortunes of a company these days and with the core foundations and principles that made bitcoin itself what it is today and will continue to be.

Is that the little man should always get a cut of the action however small and this will keep the wheels turning in the finance world.

Is appears to me that, we are fast going back to the old ways of rich getting richer and the poor getting poorer scenario. This is NOT the way it should be..

[madbit1000]

The problem with this coin is that the Dev never posts anything of value if at all and the community(if there is even one) are not really behind the coin.  I see no push to get it on any decent exchanges and sites like crypto rush only have a few votes from people.
I see this coin dying pretty fast which is a shame.

I don't think it will die, if they do it correctly. I agree that more exchanges should have been provided. But there is a reason for this, That reason is to allow the smaller miners to get some action, because if you open u-p to the exchanges more people will know about the coin which will certainly put value on the coin, but will also make it harder for the CEO to keep up and then the coin will fail as per my previous post earlier.

[Zackgeno96]

It could be a scam in 3 acts:
First Act: StackCoin => cash out all the btc and disappear
Second Act: RealStackCoin => restore the confidence
Third Act: Gpucoin => second cashout lol.

LOL! +1

[madbit1000]

It could be a scam in 3 acts:
First Act: StackCoin => cash out all the btc and disappear
Second Act: RealStackCoin => restore the confidence
Third Act: Gpucoin => second cashout lol.

LOL! +1

No, its not like that!!!!! If the guy wanted to cash out, he could have done a runner with the bitcoins already without launching with the ipo fund. You forget he has a registered company, he has a lot at stake.

[madbit1000]

This coin is in for the long haul. Not just a pump and dump coin like so many others, in fact nearly all of them.. I think it has a future, give it time. We all need to slow down a little.. Promote once the time is right. Maybe the CEO and dev already have plans to promote and could maybe share a few of the ideas with us??

[jarvis]

Stop selling so cheap. Whats wrong with people? It won't even pay the electric bill. Get with it people. Price it out at 1.5 BTC per 100,000. The only people who benefit from such low prices are the premine/ipo folks. Not even the coin investor at these prices.

[djm34]

It could be a scam in 3 acts:
First Act: StackCoin => cash out all the btc and disappear
Second Act: RealStackCoin => restore the confidence
Third Act: Gpucoin => second cashout lol.

LOL! +1

No, its not like that!!!!! If the guy wanted to cash out, he could have done a runner with the bitcoins already without launching with the ipo fund. You forget he has a registered company, he has a lot at stake.

Then he fills for bankruptcy and cashout... (as far as I have understood, it was a huge 200dollars investment)

[madbit1000]

The problem with this coin is that the Dev never posts anything of value if at all and the community(if there is even one) are not really behind the coin.  I see no push to get it on any decent exchanges and sites like crypto rush only have a few votes from people.
I see this coin dying pretty fast which is a shame.

Maybe, if you feel it needs this, we could get on and do this ourselves.