[GPUC] GPU Coin | Mandatory Wallet Update

[tagged]

Do you guys think multipools are the way to go at the moment?
Should we look into implementing a GPUC multipool?

This is Vertcoin algo, this scamcoin have no innovation at all.

Buauhahahahahhahaa

some people. thanks for making me laugh!

[hendr1x]

Good day everyone,
I am happy to announce the winners of the mining rig contest. I will send out emails/PMs Monday.

GITM=5,000
JIMLITE=10,000 (winner in both best and funniest)
KYUU=20,000
MADBIT1000=5,000
NANOPROBE=5,000
PASSIONSURF=5,000
TAGGED=8,000 (winner in both best and funniest)
TRADEMARK=20,000
TYAMAMOTO=3,000
CRYPTO=5,000

I will also emailing/PMing anyone that submitted a entry into the "1000 coins for your thoughts" thread.

The website is going perfectly on schedule.  I will provide an update in the next 12 hours.

[blueangel01]

Do you guys think multipools are the way to go at the moment?
Should we look into implementing a GPUC multipool?

This is Vertcoin algo, this scamcoin have no innovation at all.

New Algo is not = innovation

The only reason why we have to keep changing the algo is because of the asics. Any algo is fine. If you can't mine it, then buy it.

[jimlite]

Thanks for voting my rig the funniest, a plastic shelf and some zip ties
is the cheap way to go. 10,000 coins isn't much, but every bit helps,
as right now my electricity costs more than I can make mining, but I still
plan to mine with one of the two rigs awaiting to see what happens with
the storefront beta tonight. That is why OUR coin has value and is not just
a Vert coin clone.

[imonit]

is there a calculator for this coin?

[madbit1000]

Good day everyone,
I am happy to announce the winners of the mining rig contest. I will send out emails/PMs Monday.

GITM=5,000
JIMLITE=10,000 (winner in both best and funniest)
KYUU=20,000
MADBIT1000=5,000
NANOPROBE=5,000
PASSIONSURF=5,000
TAGGED=8,000 (winner in both best and funniest)
TRADEMARK=20,000
TYAMAMOTO=3,000
CRYPTO=5,000

I will also emailing/PMing anyone that submitted a entry into the "1000 coins for your thoughts" thread.

The website is going perfectly on schedule.  I will provide an update in the next 12 hours.

Thanks Guys/Gals and congrats to the other contestants.

[CrypCoin]

Good day everyone,
I am happy to announce the winners of the mining rig contest. I will send out emails/PMs Monday.

GITM=5,000
JIMLITE=10,000 (winner in both best and funniest)
KYUU=20,000
MADBIT1000=5,000
NANOPROBE=5,000
PASSIONSURF=5,000
TAGGED=8,000 (winner in both best and funniest)
TRADEMARK=20,000
TYAMAMOTO=3,000
CRYPTO=5,000

I will also emailing/PMing anyone that submitted a entry into the "1000 coins for your thoughts" thread.

The website is going perfectly on schedule.  I will provide an update in the next 12 hours.

yay!! more gpuc for me 

[waltsmith]

Congrats Jim!! Awesome pic. I laughed. hehe

As for a calculator, I'm sure there will be plenty after coinmarketcap listing, for now try another 1 minute per block coin at coinwarz.com i just used BQC's. Change the diff, block reward and price to current values. Not sure why everyone says its not profitable(unless they remember that 40 diff. on launch day), just about the most profitable coin to mine at the moment. Someone check my figures and tell me if I am wrong.

1300 kh/s
900 watts
.12 power cost
4.6 diff
block reward 20000
pool fee 2%
.0000002 GPUC/BTC
BTC/USD 640.00
11.00+/day profit

That's with me low-balling the price to 20 satoshis, if you expect that the price will be higher after future developments then your profit on mining right now will go up accordingly.

waltsmith

[nanoprobe]

is there a calculator for this coin?

Here

[tylerderden]

Do you guys think multipools are the way to go at the moment?
Should we look into implementing a GPUC multipool?

already is a gpu multipool, it's not open for registrations.

[blueangel01]

Congrats Jim!! Awesome pic. I laughed. hehe

As for a calculator, I'm sure there will be plenty after coinmarketcap listing, for now try another 1 minute per block coin at coinwarz.com i just used BQC's. Change the diff, block reward and price to current values. Not sure why everyone says its not profitable(unless they remember that 40 diff. on launch day), just about the most profitable coin to mine at the moment. Someone check my figures and tell me if I am wrong.

1300 kh/s
900 watts
.12 power cost
4.6 diff
block reward 20000
pool fee 2%
.0000002 GPUC/BTC
BTC/USD 640.00
11.00+/day profit

That's with me low-balling the price to 20 satoshis, if you expect that the price will be higher after future developments then your profit on mining right now will go up accordingly.

waltsmith

Where can i see the pics of the rig?

[nonny12]

The formula for GPU coin per day is as follows, its simple :

 [ (scrypt N hashrate in kh /s ) / ( difficulty ) ] * 400

[lottohasher]

Congrats Jim!! Awesome pic. I laughed. hehe

As for a calculator, I'm sure there will be plenty after coinmarketcap listing, for now try another 1 minute per block coin at coinwarz.com i just used BQC's. Change the diff, block reward and price to current values. Not sure why everyone says its not profitable(unless they remember that 40 diff. on launch day), just about the most profitable coin to mine at the moment. Someone check my figures and tell me if I am wrong.

1300 kh/s
900 watts
.12 power cost
4.6 diff
block reward 20000
pool fee 2%
.0000002 GPUC/BTC
BTC/USD 640.00
11.00+/day profit

That's with me low-balling the price to 20 satoshis, if you expect that the price will be higher after future developments then your profit on mining right now will go up accordingly.

waltsmith

Where can i see the pics?

Here http://www.coinwarz.com/calculators/ultracoin-mining-calculator/?h=1300.00&p=900.00&pc=0.12&pf=2.00&d=4.54545602&r=20000.00000000&er=0.00000020&btcer=635.00000000&hc=0.00

[fujikura]

I have a question, GPUC is my first real experience with Alt Coins/Btc etc. I started mining FTC then I tried LEAF before coming to GPUC, How do you guys store your coins? on Exchanges or on your wallet on your pc, because I feel a PC can crash at any moment wouldn't you lose all the coin? Also with the recent shut down of exchanges there's a risk of losing them there as well...so whats a guy to do? I've only been mining for a month or less.

[nanoprobe]

I have a question, GPUC is my first real experience with Alt Coins/Btc etc. I started mining FTC then I tried LEAF before coming to GPUC, How do you guys store your coins? on Exchanges or on your wallet on your pc, because I feel a PC can crash at any moment wouldn't you lose all the coin? Also with the recent shut down of exchanges there's a risk of losing them there as well...so whats a guy to do? I've only been mining for a month or less.

Backup your wallet.dat file to something off of your computer. In the event of a crash, HDD failure, whatever all you'll have to do is download the wallet again and replace the new wallet .dat with your backup.

[jollyriffic]

I have a question, GPUC is my first real experience with Alt Coins/Btc etc. I started mining FTC then I tried LEAF before coming to GPUC, How do you guys store your coins? on Exchanges or on your wallet on your pc, because I feel a PC can crash at any moment wouldn't you lose all the coin? Also with the recent shut down of exchanges there's a risk of losing them there as well...so whats a guy to do? I've only been mining for a month or less.

back up your coins to a flash drive, another computer, and w/e else.
i keep some on exchange, some on flash, some on another hard drive.

if the OS crashes, you can still access the files on the computer with a live linux distro or by plugging it into another computer.
unless the drive is faulty then no real worry. but do back up your wallet anytime you've got a new deposit and to more than one device/location.

[lottohasher]

It's recommended that you make a backup copy once a week. look for the  wallet.dat file in your C:\Users\your user name\AppData\Roaming then look in the wallet folder that you want to backup. Copy the wallet.dat file to a usb drive  just make sure to rename after it reaches it's destination (if you are backing up multiple wallets on same usb drive) so you know what wallet it belongs to. Then if you do have a HD failure you simply redownload the wallet take your wallet.dat file from your usb drive and replace it with the one that is in the wallet folder. (don't forget to change name back to wallet.dat). Close wallet, reopen wallet, let it sync and you are done.


Cheers

[fujikura]

Thanks for the quick response and advice guys

[jimlite]

Much easier to just do an Acronis image backup of your whole C: drive every weekend.
If you get a virus or hd failure, you have EVERYTHING back, not just your wallet.

P.S. Hendrix and Waltsmith, I believe you guys said the store's website (beta) would
be live today for us to check out.  Can you post a link? And your profit calculation is
way off, it is 1/2 of what you stated because scrypt-n gives you 1/2 the mh/s, and my
power is like 17c/kwh also. So mining is breaking even at best now.  Need a big rise in
price with store.

[lottohasher]

If it's half it's because you are hashing at 650 kh/s . Numbers were based on 1300 kh/s