[GPUC] GPU Coin | Mandatory Wallet Update

[madbit1000]

Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

cheers

Your mistake is you are treating this coin like any other where you mine and dump for profit.

If that is what you want you would be better mining DOGE or something else

The price of this coin will rise when the shop front opens then it's up to you whether you dump or use what you have to buy a new gpu

I never dump coins. I have a varied selection of coins in my stacks of wallets.

But, i like to see some value in a coin in case i ever need to sell.

And one full day after release determines the value  

I see your point, but i have watched so many coins over the last 3 months studying them daily. And not many coins last to get higher than 10 times their initial value. I hope GPU coin can produce the goods. i really do. That's why i am here and an IPO member.

[madbit1000]

I suppose one we open up on more exchanges. there will be more buyers which will push the price higher. We will just have to wait and see.

[trademark]

Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

cheers

Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  

The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page.

That shouldn't be fixed. Bad choice if it is. Only top dog IPOs will be able to purchase them then. No one will want to mine it since it's not profitable (yet).

It's not fixed if the price goes up on the exchange which I think it will you will obviously need less GPUC to purchase a new GPU

for example as I stated earlier

at 0.00000045 (current price) you will need 1.725 million GPUC to purchase a 280x
at 0.00000450 (price coin started) you will need 172,500 GPUC to purchase a 280x this is only 8 days mining at current difficulty at 1 MH/s

True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.

I think that is pretty unlikely.

If the price stays the same and you only mange to mine 800,000 coins and you need 1.6 million, it makes sense that you would go to an exchange buy some more GPUC for bitcoin

This would raise the price of GPUC and also bring down the price of the new GPU you were about to buy

That's if they mine that many.  I am only mining because I'm an IPO and am thinking long term.  There are other coins that are currently more profitable right now which is why our hashrate is dropping.

[trademark]

True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.

And when the IPO's buy GPUs, within hours everyone else will be able to buy the GPUC you guys used to buy the product with.

And so the cycle continues.

If the GPUC does not get the needed support. No one will buy it and the CEO will not be able to cash in to order more GPU's. Cycle will eventually end and CEO has a bunch of GPUC to stare at in his wallet.

[djm34]

True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.

And when the IPO's buy GPUs, within hours everyone else will be able to buy the GPUC you guys used to buy the product with.

And so the cycle continues.

If the GPUC does not get the needed support. No one will buy it and the CEO will not be able to cash in to order more GPU's. Cycle will eventually end and CEO has a bunch of GPUC to stare at in his wallet.

He will always be able to create a new coin and call for new IPO 
That's the beauty of this sytem

[vesperwillow]

True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.

And when the IPO's buy GPUs, within hours everyone else will be able to buy the GPUC you guys used to buy the product with.

And so the cycle continues.

If the GPUC does not get the needed support. No one will buy it and the CEO will not be able to cash in to order more GPU's. Cycle will eventually end and CEO has a bunch of GPUC to stare at in his wallet.

True, I mentioned this at the outset of this endeavour, but it also isn't a bad thing for the owner. He'll win either way.

He's an owner btw, not a CEO.

[madbit1000]

True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.

And when the IPO's buy GPUs, within hours everyone else will be able to buy the GPUC you guys used to buy the product with.

And so the cycle continues.

If the GPUC does not get the needed support. No one will buy it and the CEO will not be able to cash in to order more GPU's. Cycle will eventually end and CEO has a bunch of GPUC to stare at in his wallet.

True, I mentioned this at the outset of this endeavour, but it also isn't a bad thing for the owner. He'll win either way.

He's an owner btw, not a CEO.

Technically he is the director. So we are both wrong..

[kcheel]

Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

cheers

Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  

This exactly.  Surely he knows this and doesn't just use the current exchange avg.  He can heavily influence the pricing using the first batch of GPU's he has already ordered.

[SP4RK7]

Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

cheers

Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  

This exactly.  Surely he knows this and doesn't just use the current exchange avg.  He can heavily influence the pricing using the first batch of GPU's he has already ordered.

This wont work if the GPU price is not linked directly to the exchange price someone only needs to crash the market to pretty much destroy the business.

[trademark]

True, but say it stays at the current price by the time the store opens in 2 weeks.  Only IPO's like myself will be able to get one.

And when the IPO's buy GPUs, within hours everyone else will be able to buy the GPUC you guys used to buy the product with.

And so the cycle continues.

If the GPUC does not get the needed support. No one will buy it and the CEO will not be able to cash in to order more GPU's. Cycle will eventually end and CEO has a bunch of GPUC to stare at in his wallet.

True, I mentioned this at the outset of this endeavour, but it also isn't a bad thing for the owner. He'll win either way.

He's an owner btw, not a CEO.

Technically he is the director. So we are both wrong..

On his page he calls himself the CEO.

[djm34]

Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

cheers

Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  

This exactly.  Surely he knows this and doesn't just use the current exchange avg.  He can heavily influence the pricing using the first batch of GPU's he has already ordered.

This wont work if the GPU price is not linked directly to the exchange price someone only needs to crash the market to pretty much destroy the business.

And the other way around, nobody would want to buy overpriced gpu's

[P2PHash]

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[trademark]

Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu  per day. Now sell those on the exchange for $4 i just about break even.

Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

cheers

Unlike other coins. GPU pricing sets the price of gpucoin.  If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right.  He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________"  The market will immediately correct itself.  That's it. Easy peasy.  Man, I wish I was in control of this coin.  

This exactly.  Surely he knows this and doesn't just use the current exchange avg.  He can heavily influence the pricing using the first batch of GPU's he has already ordered.

This wont work if the GPU price is not linked directly to the exchange price someone only needs to crash the market to pretty much destroy the business.

The CEO has no risk if he lowers the costs of GPUC it takes to purchase a GPU.  It'll actually make him richer with the 75million or so that he is currently holding. This will also make GPUC mining profitable.  You can't base the price on the crappy exchange it's on now.  Half of the people on this forum has probably never heard of bittrex or whatever it is, let alone be willing to deposit BTC's in there and I don't think it'll make it to a big exchange before the store opens.  But you never know.

[vesperwillow]

On his page he calls himself the CEO.

Then that shows how little he knows Virginia LLC's. He's the owner of the company, the registered agent of the same. And/or he just tosses the acronym to make unsuspecting folk think more highly of him. LLC = Limited Liability Company (not Corporation as some places note it).

You can't base the price on the crappy exchange it's on now.  Half of the people on this forum has probably never heard of bittrex or whatever it is, let alone be willing to deposit BTC's in there and I don't think it'll make it to a big exchange before the store opens.  But you never know.

Actually he would still--eventually--have to cash out his own coin to BTC, in order to gain fiat or purchase supplies with it. So yes, he has to base it on exchange (edit: he can help influence the value by setting price, but he by no means actually controls it). He can hoarde up some coins of course, but in the end he has to exchange it just like the rest of us. This is why the coin is nothing more than a transport mechanism with varying capacity. This will work until the coin hits 1 satoshi, at which point there is no margin.

This isn't a new concept, several coins do this already. Why do people not understand how this works?

[jimlite]

Forget about GPUs for a minute,

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

EXACTLY.  DEV/CEO HAVE TO GET THIS ONTO DECENT EXCHANGES
AND CRYPTO CHARTS

[svenp]

The owner has to step in and provide the initial liquidity and stabilize prices.  Right now if you were to price a GPU in GPUC, you'd need perhaps 1.3M @ 50sat for a 280x.  BUT there's so little liquidity, you'd drive the price up to 75sat at least just to buy that much coin (for ONE...).  At which time the buyer has overpaid.  And... the owner can't sell that 1.3M @75sat either...

So, he either needs to do some Bernanke shit and push the price up and close the spread or he needs to price the first GPUs at much less than the ~1.3M to make it a good deal for buyers.  He might eat it a bit in the beginning to do either option but he'll make up for it IF IF IF he can sell GPUs competitively in volume.  Hopefully he has some cash to spend or he won't be able to do either option.

[trademark]

On his page he calls himself the CEO.

Then that shows how little he knows Virginia LLC's. He's the owner of the company, the registered agent of the same. And/or he just tosses the acronym to make unsuspecting folk think more highly of him. LLC = Limited Liability Company (not Corporation as some places note it).

You can't base the price on the crappy exchange it's on now.  Half of the people on this forum has probably never heard of bittrex or whatever it is, let alone be willing to deposit BTC's in there and I don't think it'll make it to a big exchange before the store opens.  But you never know.

Actually he would still--eventually--have to cash out his own coin to BTC, in order to gain fiat or purchase supplies with it. So yes, he has to base it on exchange (edit: he can help influence the value by setting price, but he by no means actually controls it). He can hoarde up some coins of course, but in the end he has to exchange it just like the rest of us. This is why the coin is nothing more than a transport mechanism with varying capacity. This will work until the coin hits 1 satoshi, at which point there is no margin.

This isn't a new concept, several coins do this already. Why do people not understand how this works?

Well, he can call himself anything he wants. CEO could stand for Chief Entertainment Officer. lol.  

Yes, he has to exchange it for BTC regardless but GPUC needs to be on a large exchange otherwise, he'll never get enough buys.  At least if he lowered the GPUC per GPU, it would make his coin more profitable and it would get the support it needs to land on the big exchanges.  

[trademark]

The owner has to step in and provide the initial liquidity and stabilize prices.  Right now if you were to price a GPU in GPUC, you'd need perhaps 1.3M @ 50sat for a 280x.  BUT there's so little liquidity, you'd drive the price up to 75sat at least just to buy that much coin (for ONE...).  At which time the buyer has overpaid.  And... the owner can't sell that 1.3M @75sat either...

So, he either needs to do some Bernanke shit and push the price up and close the spread or he needs to price the first GPUs at much less than the ~1.3M to make it a good deal for buyers.  He might eat it a bit in the beginning to do either option but he'll make up for it IF IF IF he can sell GPUs competitively in volume.  Hopefully he has some cash to spend or he won't be able to do either option.

I agree. However, he won't be eating anything. He started with $0.  It's all IPO money.  It's like gambling with winning money. No fear!

[madbit1000]

Anyone know any websites that accurately determine profitablilty

[tomewok]

Anyone know any websites that accurately determine profitablilty

Your wallet, type " getinfo" in the console.