[GPUC] GPU Coin | Mandatory Wallet Update

[svenp]

There are things everyone can do to promote GPUcoin.  A couple simple things:

1) Upvote the add request for GPUcoin at CoinedUp http://www.reddit.com/r/CoinedUp/

2) Email Poloniex to ask them to add GPUcoin ([email protected])

These will take you a minute to do.  Aside from that, trade GPUcoin and use it in the store/marketplace.  These things are more important than any 'PR' the owner can do.

[hendr1x]

Well, something isn't right. If you freeze current prices, I'd need to spend .92 of a BTC to get 5,800,000 GPUC at 16 satoshi (Atomic-Trade) which is $480 USD. Am I doing my math wrong?

No you are not doing your math wrong, but the store itself is pulling the numbers differently (not completely sure where the numbers are getting sourced from). If you go by the store numbers it's far lower.

I have adjusted the pricing slightly to reflect the asking price. Unfortunately I am limited to the api the exchanges gave me but I am willing to do. If anyone wants to suggest improvements I am completely open.

Here is the code for anyone interested : http://pastebin.com/S8Szi9it

And here is sample data from atomic + nxt-e

{"Coin":"GPU","Exchange":"BTC","CurrentPrice":0.00000012,"YesterdayPrice":0.00000013,"Price24High":0.00000015,"Price24Low":0.00000012,"PriceChange":-0.0769,"CoinVol24h":450160.23,"ExchangeVol24h":0.05435348}

and bittrex :

{"success":true,"message":"","result":{"Bid":0.00000006,"Ask":0.00000015,"Last":0.00000006}}

[flyboy665]

I have voted the R9 270 1~3

[svenp]

I hate to be contrary but the bid price is the best reflection of the 'real' price.  What people are willing to pay vs get paid...  works in our favor I guess.

Hendr1x, can you index the storefront items to market price?  I want to be able to list in the storefront but not at a fixed GPU price, I want to be able to specify a $ price (as the GPUs are) and have the system compute the GPU price.  Possible?  

[PCJargon]

The problem with the listed code is that it's only going off what the highest buy/sell is price, not the volume, or the volume per exchange. Bittrex range last I checked was Buys at 3 satoshi, Sells at 17. The sell that occurred at 6 satoshi and drove the value down hard is probably only for like .001BTC or less....

[cryos75]

Maybe take the midpoint between ask and bid?

[svenp]

If I were selling in the marketplace (as I'd like to) and indexing off the market price, I'd want the bid used...

[Lunesta]

just felt like asking but is there any hope for shipping to Iceland or
would I simply have to mine and invest in the idea and then later
sell to buy a worse gpu at a lot worse price? I'll keep mining and
buying them up either way but I'm still curious.

Regards, Halli.

EDIT: Also I believe making the purchases available with shipping
to more countries would greatly affect the sales. Not all believers
in the gpuc coins are from the states and the next country to be
added should be rationalized. What I'm trying to say is that you
should start looking at ip's or get pool admins to do it for a bit
of reward to see what country seems to have the most miners
aside from the state. If there is a relatively cheap way to ship to
that country it would have a big effect on both the market and
the store. We have to remember though we all speak english
cryptocurrencies are international. I'm probably stating the
obvious but I feel far too many people are mentioning it. We all
want the coin to succeed so there should at least be more mentioning
of this, not just whining about whether their country will be added
(like above :'D).

[g.r.o.s.s]

correct me if im wrong but selling the current batch at low rates and then starting marketing should be the most beneficial for the store and thus for the coin itself. accumulate as much coins at possible -> drive the price up -> have enough money for a bigger batch. sure sucks for guys who mined for a gpu but for holders and people looking to buy a gpu it should be beneficial?

[hendr1x]

I hate to be contrary but the bid price is the best reflection of the 'real' price.  What people are willing to pay vs get paid...  works in our favor I guess.

Hendr1x, can you index the storefront items to market price?  I want to be able to list in the storefront but not at a fixed GPU price, I want to be able to specify a $ price (as the GPUs are) and have the system compute the GPU price.  Possible?  

It is definitely possible but it won't be done right away.  I wrote it down on my todo list and won't forget about it.

[vesperwillow]

I hate to be contrary but the bid price is the best reflection of the 'real' price.  What people are willing to pay vs get paid...  works in our favor I guess.

Hendr1x, can you index the storefront items to market price?  I want to be able to list in the storefront but not at a fixed GPU price, I want to be able to specify a $ price (as the GPUs are) and have the system compute the GPU price.  Possible?  

It is definitely possible but it won't be done right away.  I wrote it down on my todo list and won't forget about it.

It may be wise to evaluate the method I mentioned to you in PM, which takes into account for volume. Otherwise anyone could literally control the price of the coin with a few accounts on exchanges and very little ownership in the coin.

[kahir]

i just tweeted to poloniex to add gpuc

[silverfern]

correct me if im wrong but selling the current batch at low rates and then starting marketing should be the most beneficial for the store and thus for the coin itself. accumulate as much coins at possible -> drive the price up -> have enough money for a bigger batch. sure sucks for guys who mined for a gpu but for holders and people looking to buy a gpu it should be beneficial?

Unfortunately, at the moment the force that is driving the price down the the mine and dump people. If you look at the volume, there isn't huge volumes that are being sold at really low prices. As long as we continue to be on exchanges where the price is being driven by the last price of the selling and buying regardless of volume this is what will happen. Some of the mine and dump don't care about what price they can sell it off as long as it is being sold. So holding onto as many coins as possible with our current exchanges, I don't think, will do much. Regardless of whether we were having 20000 coins per block or 50 coins per block.

What we do need to drive up the price is get onto a better exchange where price isn't reflected on the last price sold (since people can manipulate that). And to get more popularity in the coin where we can create more buying power to snap up the low prices.

[jimlite]

I just got an email.

Your card has been shipped and should arrive around Monday

[vesperwillow]

Exchange won't matter. Lifeblood is in the flow of the product off the shelves, and the restocking. People need to be using the coin. I realize this discussion is coming from people not having enough coin to make a purchase (at least, some folks), but there are folks who do have plenty of coin and are simply holding.

To be honest if you look at the price in the store and upvert it to USD, it's a good deal on many cards. I'm surprised someone isn't simply buying GPUC, buying the cards, and then reselling.

I'll be honest, I've considered doing that since I can pick the cards up from GPUCoin himself.

[orangered]

I like the R9 280X 4~6,so I vote it.

[svenp]

Just a reminder, please upvote to add GPUcoin at CoinedUp:
http://www.reddit.com/r/CoinedUp/

And email Poloniex to have them add GPUcoin also: [email protected].

[silverfern]

Exchange won't matter. Lifeblood is in the flow of the product off the shelves, and the restocking. People need to be using the coin. I realize this discussion is coming from people not having enough coin to make a purchase (at least, some folks), but there are folks who do have plenty of coin and are simply holding.

To be honest if you look at the price in the store and upvert it to USD, it's a good deal on many cards. I'm surprised someone isn't simply buying GPUC, buying the cards, and then reselling.

I'll be honest, I've considered doing that since I can pick the cards up from GPUCoin himself.

I agree with you, people need to use the coin. We need to expand past just selling GPU's though. As I stated on an earlier post, GPU prices are starting to decrease, the market isn't as strong as it was a few months ago. By selling gift cards cheaper etc we can create a demand to a whole new different population, not just those who are seeking GPUs. That's where the GPUcoin supporters can come in and use their connections and see what they can bring to the market.

I think the marketplace is great, but it needs to be expanded.

Everyone's ideas are awesome, I sense that people that are still left in this forum and thread want this coin to succeed.

[sha0908]

I just got an email.

Your card has been shipped and should arrive around Monday

The need for such a long time?
Don't you worry?

[Psynthax]

Yeah, but you need to understand that GPU price drive was due to supply when miners were buying new GPUs.. now they do not need GPUs anymore, hopefully when the next generation cards come out that are more efficient, then this coin will gain traction... BUT only if miners can get prices cheaper then anywhere else..