[GPUC] GPU Coin | Mandatory Wallet Update

[SP4RK7]

Hello. What's the current market rate for GPUC? Anyone know if the store is still scheduled to open in 2 weeks? Thanks.

Current price between 25 sats and 45 sats I wouldn't pay to much attention to the price at the moment though.

As far as I'm aware store was due to open 2 weeks after launch an update would be nice though

[trademark]

Hello. What's the current market rate for GPUC? Anyone know if the store is still scheduled to open in 2 weeks? Thanks.

Current price between 25 sats and 45 sats I wouldn't pay to much attention to the price at the moment though.

As far as I'm aware store was due to open 2 weeks after launch an update would be nice though

Thanks. Yeah, an update from the CEO regarding the store and GPU order status would be nice.  Hopefully he is planning to order more GPU's because I don't think 80 will last very long. 

[djm34]

Hello. What's the current market rate for GPUC? Anyone know if the store is still scheduled to open in 2 weeks? Thanks.

Current price between 25 sats and 45 sats I wouldn't pay to much attention to the price at the moment though.

As far as I'm aware store was due to open 2 weeks after launch an update would be nice though

Thanks. Yeah, an update from the CEO regarding the store and GPU order status would be nice.  Hopefully he is planning to order more GPU's because I don't think 80 will last very long.  

well if you send him money he will... (I mean you understand that he has to sell something before he can buy again ? right ?)

[trademark]

Hello. What's the current market rate for GPUC? Anyone know if the store is still scheduled to open in 2 weeks? Thanks.

Current price between 25 sats and 45 sats I wouldn't pay to much attention to the price at the moment though.

As far as I'm aware store was due to open 2 weeks after launch an update would be nice though

Thanks. Yeah, an update from the CEO regarding the store and GPU order status would be nice.  Hopefully he is planning to order more GPU's because I don't think 80 will last very long.  

well if you send him money he will... (I mean you understand that he have to sell something before he can buy again ?)

True, but this will sell quick. If I were him. I would of sold some of my 75million when price was high to purchase more GPU's.  You can't lose money on new GPU's. 

[trademark]

Also, since his initial order was only 80 - 280x's.  He should limit 2 per person when the store opens, until he gets more.  Otherwise, the big dog IPO's will clean house. 

[Ritual]

Also, since his initial order was only 80 - 280x's.  He should limit 2 per person when the store opens, until he gets more.  Otherwise, the big dog IPO's will clean house. 

This I agree with.

[illiki23]

Hello. What's the current market rate for GPUC? Anyone know if the store is still scheduled to open in 2 weeks? Thanks.

Current price between 25 sats and 45 sats I wouldn't pay to much attention to the price at the moment though.

As far as I'm aware store was due to open 2 weeks after launch an update would be nice though

Thanks. Yeah, an update from the CEO regarding the store and GPU order status would be nice.  Hopefully he is planning to order more GPU's because I don't think 80 will last very long. 

+

I would really like to know his business plan with respect to where the money will go after the first round of GPU purchases.

Can the investors get a better idea of the business model behind the store?  (things like percentage of profits used to buy more GPUs)

[NickPortland]

How's the diff now?

How many coins are you making per MHs (scrypt)?


Thanks.

[djm34]

Hello. What's the current market rate for GPUC? Anyone know if the store is still scheduled to open in 2 weeks? Thanks.

Current price between 25 sats and 45 sats I wouldn't pay to much attention to the price at the moment though.

As far as I'm aware store was due to open 2 weeks after launch an update would be nice though

Thanks. Yeah, an update from the CEO regarding the store and GPU order status would be nice.  Hopefully he is planning to order more GPU's because I don't think 80 will last very long.  

+

I would really like to know his business plan with respect to where the money will go after the first round of GPU purchases.

May sound like a wild guess, but I would say his pocket... It's business not a charity...

[bingoberra]

Also, since his initial order was only 80 - 280x's.  He should limit 2 per person when the store opens, until he gets more.  Otherwise, the big dog IPO's will clean house. 

Actually, there's a 1 GPU limit according to the store page: http://www.gpucoin.net/store.html. That's just per day though, but at least it would prevent the big spenders from emptying the stocks instantly.

[vesperwillow]

Also, since his initial order was only 80 - 280x's.  He should limit 2 per person when the store opens, until he gets more.  Otherwise, the big dog IPO's will clean house. 

This I agree with.

This is why he needs to be constantly working on a better source, which I'm sure he is. For this idea to take off like a rocket, he needs constant supply and high volume. On a bad day, I can buy 2 GPU's/day using BTC mining most random coins. The more flow he can provide, the greater value GPUC will have.

If he could actually keep up with demand.. GPUC will shoot up.. exponentially. By limiting flow.. you're stifling growth.

As to where the money is going.. if he's smart, he'll recycle it into the business and not his pocket.

[djm34]

Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

[illiki23]

Hello. What's the current market rate for GPUC? Anyone know if the store is still scheduled to open in 2 weeks? Thanks.

Current price between 25 sats and 45 sats I wouldn't pay to much attention to the price at the moment though.

As far as I'm aware store was due to open 2 weeks after launch an update would be nice though

Thanks. Yeah, an update from the CEO regarding the store and GPU order status would be nice.  Hopefully he is planning to order more GPU's because I don't think 80 will last very long.  

+

I would really like to know his business plan with respect to where the money will go after the first round of GPU purchases.

May sound like a wild guess, but I would say his pocket... It's business not a charity...

No business owner will put all profits into pocket.  There has to be some amount they are intending to reinvest and grow the business as part of their business model - at least what they are aspiring and intending to do if things work out ideally.  Any real business will have these metrics established as part of their business plan.

[trademark]

Also, since his initial order was only 80 - 280x's.  He should limit 2 per person when the store opens, until he gets more.  Otherwise, the big dog IPO's will clean house. 

Actually, there's a 1 GPU limit according to the store page: http://www.gpucoin.net/store.html. That's just per day though, but at least it would prevent the big spenders from emptying the stocks instantly.

If he sets a 1 GPU daily limit. He should charge shipping per card per day and not combine all orders within a week or so and ship them out at once. This will limit the big dogs. He will also profit not only on the cards but on the shipping.

[vesperwillow]

Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

Put it on an exchange at market value. The system should manage itself. Unless people try to crash the coin itself, they won't over-value it. Then just convert the BTC, just like any other coin.

GPUC -> BTC

[vesperwillow]

If he sets a 1 GPU daily limit. He should charge shipping per card per day and not combine all orders within a week or so and ship them out at once. This will limit the big dogs. He will also profit not only on the cards but on the shipping.

Or he could be smart and keep his margins thin in order to promote business initially, and then profit on volume as things move forward.

[illiki23]

May sound like a wild guess, but I would say his pocket... It's business not a charity...

I don't think you understood my question.

[djm34]

Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

Put it on an exchange at market value. The system should manage itself. Unless people try to crash the coin itself, they won't over-value it. Then just convert the BTC, just like any other coin.

GPUC -> BTC

The system doesn't really manage itself. It is managed by traders who make their profit by buying low and selling higher.
So each time there will be a sell, a large amount of gpucoin will be released and put on sell and the shop will be in the obligation to sell their coins to get btc's (I mean will he have the possibility to wait ?).
Looks to me any trader will do his best to push down the value before buying it ?

For other coins anybody buy and sell. But with gpucoin, there will be mostly one big seller. So you just need to put the pressure on him to basically destroy the market.

[Jherek]

Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

I see what you did thar 

[SP4RK7]

Something I don't understand in this business model, is how he will be able to sell all the gpucoins people will be sending him into real money accepted by his suppliers without hurting the gpucoin market because that will create an offer which could clearly become much higher than the demands.

Put it on an exchange at market value. The system should manage itself. Unless people try to crash the coin itself, they won't over-value it. Then just convert the BTC, just like any other coin.

GPUC -> BTC

The system doesn't really manage itself. It is managed by traders who make their profit by buying low and selling higher.
So each time there will be a sell, a large amount of gpucoin will be released and put on sell and the shop will be in the obligation to sell their coins to get btc's (I mean will he have the possibility to wait ?).
Looks to me any trader will do his best to push down the value before buying it ?

The price in GPUC per GPU will have to change in real-time.

At current prices a 280x is going to be around 2.3 million GPUC I can't see it staying at that price for long though