[GPUC] GPU Coin | Mandatory Wallet Update

[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

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 ?

Examine any of the business related coins and you'll see the value isn't that important so long as it doesn't tank to 1 satoshi. The coin is simply the transport mechanism, a conveyor belt. Of course the more its worth, the easier it is to move.

The reason for this is because the storefront has to cash the coin out to bitcoin anyhow, so he's using the same method traders or you guys would to buy or sell the coin: the same exchanges. He will be forced to dynamically adjust pricing of GPUs for this reason. If he keeps it static--trying to force a market value--day traders and bot traders could undermine him. Instead, he will go with market flow. If it takes 5 million GPUC to buy a $150 card, then that's what it takes. The next day it might take 1million.

Sortof like bitcoin.

[dannyvjp]

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 

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin

[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.

I see what you did thar 

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin

Exactly or mine obviously. This is why the price will go up ands is also why I don't understand people who are dumping GPUC for nothing now

[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 

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin

Implying I couldnt buy a GPU without GPUCoin. The opposite is fact now: I can not buy GPUs with GPUCoin because the store is not there and it's still unsure if it will ever open.
How do you know, that the CEO still working on getting the store running or if he's already roasting his tan in the sun of hawaii with your BTC? You did not get any updates here, did you?

[vesperwillow]

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin

I would say you should hope people don't mine and dump it, they certainly could.

[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.

I see what you did thar  

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin

Yes but who buy gpu's ? Miners.
How do they get their coins ? By Mining not by buying (unless it becomes very cheap)

[NickPortland]

Forget about GPUs for a minute,

when are we gonna list this baby on a decent Exchange?

[vesperwillow]

Forget about GPUs for a minute,

when are we gonna list this baby on a decent Exchange?

Probably within a month, as the storefront was coming online within 2 weeks.

[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.

I see what you did thar  

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin

Yes but who buy gpu's ? Miners.
How do they get their coins ? By Mining not by buying (unless it becomes very cheap)

Unless they have only mined 500,000 coins and need to buy another 500,000 to purchase a new GPU

It will be like getting an extra discount on an already cheap card

[dannyvjp]

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 

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin

Implying I couldnt buy a GPU without GPUCoin. The opposite is fact now: I can not buy GPUs with GPUCoin because the store is not there and it's still unsure if it will ever open.
How do you know, that the CEO still working on getting the store running or if he's already roasting his tan in the sun of hawaii with your BTC? You did not get any updates here, did you?

Why unsure dude, you are just a hater man, your glass is half emty. This coin just stared, give it time, if you cant w8t and want a pay-out just do it.

Dont say its unsure if the store will open or not....your just a kid

"The opposite is fact now:" DUHH store OPENS 14 DAYS AFTHER THE COIN STARED

[NickPortland]

Forget about GPUs for a minute,

when are we gonna list this baby on a decent Exchange?

Probably within a month, as the storefront was coming online within 2 weeks.

I think sooner... once buzz starts about a coin with a GPU store attached.

I remember hype was pretty high before last failed launch..

[trademark]

The CEO can easily manipulate the market with his store.  Since he will be holding 80 gpu's in which he will make a profit on each one.  If I were him, I would list them at a 750,000-1million gpucoins each and limit 1 per person/household for the initial batch.  That will set the current market value for each gpucoin.  Then he can unload all his coins and repeat.  Just skimming through the IPO list, I think there are under 80 IPOs with 750,000gpucoins, so each IPO will be able to pick up a 280x if they choose to.

[Imperative]

The faucet is up and running!
http://gpu.reverbs.pw/

I am currently mining gpucoin to get the faucet filled up a little.
We would appreciate some donations though to get the faucet started.

(Payouts and such may be adjusted in the future, depending on our wallet's balance)

Enjoy

Edit: note how the faucet won't work until someone has donated or our the pool has paid out.

[lottohasher]

WTS half of my GPUC

1.3 million GPUC pm me your offer. Offers will be open till 8pm e.s.t. Today.

Serious offers only.

Cheers

[regtable69]

Forget about GPUs for a minute,

when are we gonna list this baby on a decent Exchange?

this is the problem for the new coins getting on bter cryptsy and the decent exchanges ok crypto rush trades a coin its in its name rush a place for miners to make their initial roi for power i mined volt early days no exchange it hit crypto rush decent prices for a week or so but as demand fell due to a stagnant dump attitude 10satoshis sell wall its been dumped to 0. i for one did this last night i collected my grump coin together and thought hmmm i need a bit of btc to rent a rig or what ever so i put a order in at the 1 sat mark didnt realise i could destroy the buy side and now its empty. with it being empty noone will put a buy in as it now falsly looks like there is no demand. this is all down to the exchange foot fall of say 1000 users verses bter or cryptsys 10000000 users it costs to get on these exchanges varying from underhand premine give away il give you 10 mil x coins if you list to dump when u want or a 0.5 btc hand out for listing or the best one being cent you get ppl to deposit and earn 1000x the deposit a month and then dump the fker from btc to ltc to xpm thats why its dead now. all 3 ways work but with this coin listing on a decent exchange will see them good revenue but only through fees after the store opens and not before. cryptsy has also adopted the voting system so go get voting you can pay points to vote too but all said a under hand heres some coins will always work so hows abouts we take donations in btc format to get it listed........

[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 

How do you buy a card without gpu coin? you dont, so you need to buy gpu coins....Its (when it works) not a dump and pump coin

Implying I couldnt buy a GPU without GPUCoin. The opposite is fact now: I can not buy GPUs with GPUCoin because the store is not there and it's still unsure if it will ever open.
How do you know, that the CEO still working on getting the store running or if he's already roasting his tan in the sun of hawaii with your BTC? You did not get any updates here, did you?

Why unsure dude, you are just a hater man, your glass is half emty. This coin just stared, give it time, if you cant w8t and want a pay-out just do it.

Dont say its unsure if the store will open or not....your just a kid

"The opposite is fact now:" DUHH store OPENS 14 DAYS AFTHER THE COIN STARED

>Debating with believers

[Lunesta]

can someone explain why I haven't got a single gpuc from supernova since 11 am UTC?
When I check the pool I see that it has been getting blocks and my miner is active, yet
my balance both uncomfirmed and confirmed are stuck at 0.000 gpuc?
WTF? Am i being robbed here or something?

[vesperwillow]

can someone explain why I haven't got a single gpuc from supernova since 11 am UTC?
When I check the pool I see that it has been getting blocks and my miner is active, yet
my balance both uncomfirmed and confirmed are stuck at 0.000 gpuc?
WTF? Am i being robbed here or something?

I don't know anything about that pool, but i have seen many people complain about them lately. Maybe contact them, but I would also find another pool if it were me.

[Danz0r77]

can someone explain why I haven't got a single gpuc from supernova since 11 am UTC?
When I check the pool I see that it has been getting blocks and my miner is active, yet
my balance both uncomfirmed and confirmed are stuck at 0.000 gpuc?
WTF? Am i being robbed here or something?

http://gpu.dogemoon.com we need more miners

[antonio8]

Just a curios question and no complaints.

How is it I am getting more coins a day now with the same hash rate and difficulty rising?

Is it possible less people are mining it now?