[GPUC] GPU Coin | Mandatory Wallet Update

[Crizume]

WIN A GPU with GPUcs!!!  http://www.gpucoinforum.com/viewtopic.php?f=22&t=2750

Yes, you can win a 280x GPU just by mining or entering to win!   

I'm absolutely thrilled to see these ideas.  To help support, first 20 people that post in the thread will get sponsored by me with a free entry "10k"

First! (okay - a bit over-anxious, I admit) 

too late?

[madbit1000]

WIN A GPU with GPUcs!!!  http://www.gpucoinforum.com/viewtopic.php?f=22&t=2750

Yes, you can win a 280x GPU just by mining or entering to win!  

I'm absolutely thrilled to see these ideas.  To help support, first 20 people that post in the thread will get sponsored by me with a free entry "10k"

First! (okay - a bit over-anxious, I admit)  

too late?

Too late for what?
No offence, i am getting confused with what comp is what. Rediculous. I hate forums..

[sonysasankan]

Q. Am i right in calculating that you would need 2260000.00000000 coins to get one gpu for $390 at the current buy price of 0.00000031

Ok, so if the price rises to a high of 0.00000150 you will only need 467000.00000000 gpu coins approx give or take a few hundred coins here.

If the price reaches 0.00000500 then you will only need 140000.00000000 gpu coins (GPUC) for a price of $390

So it seems to me my previous theory was slightly out. Because as the price rises people will need less coins.

OK. Now it seems to me that the best results for everyone is a high price including the buyers. Why, if we all push the price up, we will need less coins to buy.,. so everyone is a winner, even the buyers on the exchange as the price would BENEFIT from a higher price they only need a small amount of coins to buy GPUs from the store and gain from the increasing price rises as this will always go up, always.. Now as long as the store does not change their prices to counteract this climb, then we are all in a win win situation here.

CEO, do you plan to increase the prices as the exchange prices rise. No, i would say as they can also sell their coins at the higher prices so dont need to make a fortune, if they tried that this coin will fall flat on its face. so its down to your desicion making that can change this coin for the good or bad.., But we need to know what your plans are as this is a major factor that can influence the coins future and your own business. If you only fluctuate according to your purchase prices then we are all good to go. then i know what i will be doing and that is grabbing what ever coins i can now...


Now if thousands of people get just a few thousand coins they could find that this is all that is needed to buy a GPU.. Think about it.. See you on the exchange.. lol

Lets just watch the demand grow from today. Currently at Total Volume   44,155,940.0351   5.5848

 

You are forgetting one very fundamental thing... the miner and his GPUC/MH/day. No matter what push and pull, the market will always settle down to this price range... we can call that the equilibrium price (EQ). If its higher, people all drop their current coin jump to mine this one and sell for that high price till it drops to the EQ price . If its lower, people all drop the coin and go to another coin. This scarcity will have people bidding one other to buy the coin till it reacher EQ range. It would be foolish for the CEO to list prices that are not in this EQ range.

[madbit1000]

You are forgetting one very fundamental thing... the miner and his GPUC/MH/day. No matter what push and pull, the market will always settle down to this price range... we can call that the equilibrium price (EQ). If its higher, people all drop their current coin jump to mine this one and sell for that high price till it drops to the EQ price . If its lower, people all drop the coin and go to another coin. This scarcity will have people bidding one other to buy the coin till it reacher EQ range. It would be foolish for the CEO to list prices that are not in this EQ range.

I think you are also missing one point. That most of the other coins have no other real purpose other than just being a coin. Gpucoin has something different, they have a product behind the coin. This creates further interest that most of the other coins don't have.



The EQ range is irrelevant with this coin. Thats my point i was trying to explain. Read it again. As their value doesn't matter either, the amount of coins also do not matter. As long as they equal less than the price per GPU or what ever he is selling, compared to other websites. People who got in first will benefit the most here, as the coin prices will rise, due to people getting GPUs for their coins.

[tagged]

WIN A GPU with GPUcs!!!  http://www.gpucoinforum.com/viewtopic.php?f=22&t=2750

Yes, you can win a 280x GPU just by mining or entering to win!  

I'm absolutely thrilled to see these ideas.  To help support, first 20 people that post in the thread will get sponsored by me with a free entry "10k"

First! (okay - a bit over-anxious, I admit)  

too late?

Too late for what?
No offence, i am getting confused with what comp is what. Rediculous. I hate forums..

Nope, not too late, contest will be going for 2 weeks! Link below in my signature line.

[tagged]

I think you are also missing one point. That most of the other coins have no other real purpose other than just being a coin. Gpucoin has something different, they have a product behind the coin.

This is the exact same answer I gave you about the contest, your missing the point on it.

[sonysasankan]

You are forgetting one very fundamental thing... the miner and his GPUC/MH/day. No matter what push and pull, the market will always settle down to this price range... we can call that the equilibrium price (EQ). If its higher, people all drop their current coin jump to mine this one and sell for that high price till it drops to the EQ price . If its lower, people all drop the coin and go to another coin. This scarcity will have people bidding one other to buy the coin till it reacher EQ range. It would be foolish for the CEO to list prices that are not in this EQ range.

I think you are also missing one point. That most of the other coins have no other real purpose other than just being a coin. Gpucoin has something different, they have a product behind the coin. This creates further interest that most of the other coins don't have.

So what? Other coins can be exchanged for BTC, which in turn can be exchanged for fiat. The BTC is the "product" of value as far as anyone is concerned. I can get amazon gift cards with Noblecoin... doesnt really make a difference (unless I get them cheaper or more profitably)... I could just as well have my rigs pointed at a multipool and use the BTC proceeds to get the gift card. Alternatively, rent them out for the market rate and earn BTC. Similarly GPUC will float around that EQ. Artificially manipulating the prices (by offering the graphics card at non-market prices) will just crash the system. It will either be unsold due to unreasonable prices, or it would be sold out with a loss, leading to an unsustainable business model.

[tavirosu]

It will either be unsold due to unreasonable prices, or it would be sold out with a loss, leading to an unsustainable business model.

It's not an issue, since they will not dump all the coins they got from the sale. Rather just up the market bit by bit and sell little by little in time to get the money back for the next batch. Just like the whole BlackCoin - Multipool, all this does it create an incentive for the buy orders and the price to go up.

The only manipulation can and prob will occour is a pump before listing the cards, if the price does not adjust, so some bag holders could get cheaper cards and then dumps afterwards when none are in stock in order to buy more cheap coins.

[tagged]

 

So what? Other coins can be exchanged for BTC, which in turn can be exchanged for fiat. The BTC is the "product" of value as far as anyone is concerned. I can get amazon gift cards with Noblecoin... doesnt really make a difference (unless I get them cheaper or more profitably)... I could just as well have my rigs pointed at a multipool and use the BTC proceeds to get the gift card. Alternatively, rent them out for the market rate and earn BTC. Similarly GPUC will float around that EQ. Artificially manipulating the prices (by offering the graphics card at non-market prices) will just crash the system. It will either be unsold due to unreasonable prices, or it would be sold out with a loss, leading to an unsustainable business model.

BTC is an experiment, GPUC is an experiment, sit back and enjoy the ride. This coin is trying to be different, most alts have nothing else new tried, if you like the idea buy some coins, if not move along, these are not the droids you are looking for.

[madbit1000]

You are forgetting one very fundamental thing... the miner and his GPUC/MH/day. No matter what push and pull, the market will always settle down to this price range... we can call that the equilibrium price (EQ). If its higher, people all drop their current coin jump to mine this one and sell for that high price till it drops to the EQ price . If its lower, people all drop the coin and go to another coin. This scarcity will have people bidding one other to buy the coin till it reacher EQ range. It would be foolish for the CEO to list prices that are not in this EQ range.

I think you are also missing one point. That most of the other coins have no other real purpose other than just being a coin. Gpucoin has something different, they have a product behind the coin. This creates further interest that most of the other coins don't have.

So what? Other coins can be exchanged for BTC, which in turn can be exchanged for fiat. The BTC is the "product" of value as far as anyone is concerned. I can get amazon gift cards with Noblecoin... doesnt really make a difference (unless I get them cheaper or more profitably)... I could just as well have my rigs pointed at a multipool and use the BTC proceeds to get the gift card. Alternatively, rent them out for the market rate and earn BTC. Similarly GPUC will float around that EQ. Artificially manipulating the prices (by offering the graphics card at non-market prices) will just crash the system. It will either be unsold due to unreasonable prices, or it would be sold out with a loss, leading to an unsustainable business model.

BTC is not a product, Its simply a means of transferring wealth. Like cash. There needs to be support built round the coin or it collapses. like it has done recently.

[tavirosu]

You are forgetting one very fundamental thing... the miner and his GPUC/MH/day. No matter what push and pull, the market will always settle down to this price range... we can call that the equilibrium price (EQ). If its higher, people all drop their current coin jump to mine this one and sell for that high price till it drops to the EQ price . If its lower, people all drop the coin and go to another coin. This scarcity will have people bidding one other to buy the coin till it reacher EQ range. It would be foolish for the CEO to list prices that are not in this EQ range.

I think you are also missing one point. That most of the other coins have no other real purpose other than just being a coin. Gpucoin has something different, they have a product behind the coin. This creates further interest that most of the other coins don't have.

So what? Other coins can be exchanged for BTC, which in turn can be exchanged for fiat. The BTC is the "product" of value as far as anyone is concerned. I can get amazon gift cards with Noblecoin... doesnt really make a difference (unless I get them cheaper or more profitably)... I could just as well have my rigs pointed at a multipool and use the BTC proceeds to get the gift card. Alternatively, rent them out for the market rate and earn BTC. Similarly GPUC will float around that EQ. Artificially manipulating the prices (by offering the graphics card at non-market prices) will just crash the system. It will either be unsold due to unreasonable prices, or it would be sold out with a loss, leading to an unsustainable business model.

BTC is not a product, Its simply a means of transferring wealth. Like cash. There needs to be support built round the coin or it collapses. like it has done recently.

You can do all the support you want when scandals like Mt. Gox happen it's bown to impact the coin. Just like the financial crisis did for fiat currency.

[sonysasankan]

So what? Other coins can be exchanged for BTC, which in turn can be exchanged for fiat. The BTC is the "product" of value as far as anyone is concerned. I can get amazon gift cards with Noblecoin... doesnt really make a difference (unless I get them cheaper or more profitably)... I could just as well have my rigs pointed at a multipool and use the BTC proceeds to get the gift card. Alternatively, rent them out for the market rate and earn BTC. Similarly GPUC will float around that EQ. Artificially manipulating the prices (by offering the graphics card at non-market prices) will just crash the system. It will either be unsold due to unreasonable prices, or it would be sold out with a loss, leading to an unsustainable business model.

BTC is an experiment, GPUC is an experiment, sit back and enjoy the ride. This coin is trying to be different, most alts have nothing else new tried, if you like the idea buy some coins, if not move along, these are not the droids you are looking for.

Wow... chill... no need to get all George Bush and patriotic on me . Explaining some simple economics does not make it an irrational "either with us or against us" scenario. This is a forum and ideas and opinions are supposed to clash, countered, learned, unlearned, relearned, etc. Its part of the ride.

[tagged]

So what? Other coins can be exchanged for BTC, which in turn can be exchanged for fiat. The BTC is the "product" of value as far as anyone is concerned. I can get amazon gift cards with Noblecoin... doesnt really make a difference (unless I get them cheaper or more profitably)... I could just as well have my rigs pointed at a multipool and use the BTC proceeds to get the gift card. Alternatively, rent them out for the market rate and earn BTC. Similarly GPUC will float around that EQ. Artificially manipulating the prices (by offering the graphics card at non-market prices) will just crash the system. It will either be unsold due to unreasonable prices, or it would be sold out with a loss, leading to an unsustainable business model.

BTC is an experiment, GPUC is an experiment, sit back and enjoy the ride. This coin is trying to be different, most alts have nothing else new tried, if you like the idea buy some coins, if not move along, these are not the droids you are looking for.

Wow... chill... no need to get all George Bush and patriotic on me . Explaining some simple economics does not make it an irrational "either with us or against us" scenario. This is a forum and ideas and opinions are supposed to clash, countered, learned, unlearned, relearned, etc. Its part of the ride.

Been a long night, sorry mate!

[FrankieSaysRelax]

anyone else getting an error "failed to read block" when opening their wallet? Any idea on how to fix this?

[Jude Austin]

anyone else getting an error "failed to read block" when opening their wallet? Any idea on how to fix this?

Delete everything in AppData/gpucoin EXCEPT for wallet.dat

Then open the client again.

You will have to download the entire blockchain again.

[takkaros]

WIN A GPU with GPUcs!!!  http://www.gpucoinforum.com/viewtopic.php?f=22&t=2750

Yes, you can win a 280x GPU just by mining or entering to win!  

I'm absolutely thrilled to see these ideas.  To help support, first 20 people that post in the thread will get sponsored by me with a free entry "10k"

Wow thats awesome! I hope I got in on time! Thanks!

I am also interested. I wish I had enough coins myself!:) THANK YOU!!!!

address: GTudrtbP5mvuxcL8MnDxqgw6x8pAuFEHgy

[DougB62]

anyone else getting an error "failed to read block" when opening their wallet? Any idea on how to fix this?

Try:

Help-> Debug Window-> Console

Type: repairwallet

[FrankieSaysRelax]

Thanks guys. Got it back up.

[cryos75]

With all the talk about multipools, have the coin devs looked at implementing something like Digishield developed by the Digibyte team to prevent the multipools from influencing the difficulty and getting an advantage over others? DOGE recently implemented it with much success. I'm sure the DGB team would share the code and help when we get to that point.

http://www.reddit.com/r/Digibyte/comments/1yn6t1/digibyte_v_20_code_name_digishield/

[Piotrsama]

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