[GPUC] GPU Coin | Mandatory Wallet Update

[SP4RK7]

You know, I just thought of a great idea to get this coin rolling, all the people that read, follow, and support this coin, but rarely or have never posted here, please post and introduce yourselves! We all would love to meet you and hear any comments that you may have. Also, I personally have had 4 280x's pointed exclusively at GPUC since launch, and yeah, i'm talking I solved like 5 blocks at oakpool when the reward was still 1 coin. But, the troubles we have had are just not helping buy pressure at all. I'm considering pointing two of my cards at litecoin, dogecoin, vertcoin or some such other high volume coin that I can mine and dump and move the BTC over to put buy pressure up on gpucoin, not even necessarily buying it outright, just putting up the highest bid, and letting the dumpers sell to me. I'll probably get more coin, and boost the price. The only hesitation I have is that the network hash is so low right now. But, I'm thinking that if we watch it carefully, in a couple days we could boost the price and volume all by ourselves, even on our small exchanges,without any help, and that will bring back a few miners when the price goes up some, etc. What y'all think?

waltsmith

Nice comment.

I will start (if anyone has not posted yet after done typing this one)

I am bitwarrior and I am a self-confessed crypto-addict

We can try your suggestion. BAsically the market is reactionary, once they see that the price pf GPU is increasing and stablising, miners tries to focus their miners on that coin , increasing the difficulty, gaining demand on the exchange.

Poloniex and Mintpal are good exchanges, But I suggest that you also try atomic-trade.com

Thanks for hearing me out.

GPUC is already on Atomic. It's a good exchange not sure why more people aren't happy to use it as it regulated due to being able to pay out in $

[waltsmith]

Personally, I like atomic, I think its just that it is a brand new exchange, makes people dodgey, and I can't blame them with all the crypto-fail going on everywhere. But bittrex, I personally have seen its simple math errors on buys and sells, I just can't use an exchange where I have to double check the math every-time before I trade.

waltsmith

[waltsmith]

Hehe, have been having some fun hearing from you people that don't post much. Let's keep it rolling!!

waltsmith

P.S. And Micryon, I am not against a fork. I do think that it is something that the community should have a lot of discussion about before taking any action tho. So, anyone wanna pop off any ideas on that front too, well, lets hear em!

[scott0577]

cryptorush is running smooth for me right now.. Anybody else?

[paintray98]

I've been mining this coin continuously since launch with my Asus R9 270x, only have about 180k coins.  I settled on buying the 270x as my old Radeon 4890 was not cutting it for games anymore, but was really looking at a 280x when prices were sky high.  I bought the 270x at $240 off amazon and then promptly lost my job the next day.  First few days I spent mining random coins until I found the announcement that this coin would be launching soon.  I spent the rest of the time making sure my card wasn't a dud, it kept giving me artifacts on the desktop for a few days, but finally settled down and only firefox/palemoon show artifacts, but from what I have read that is due to the browser itself.  I would love to see this coin become profitable, it just feels like a good concept

[reesev]

cryptorush is running smooth for me right now.. Anybody else?

Scott I pulled all my coins out of that market since they had so many rumors floating around about recent hacks.. I liked the exchange I just cannot risk losing anything.

[sly5am]

cryptorush is running smooth for me right now.. Anybody else?

Are you kidding??  you should be getting your funds out of cryptorush.in asap  according to these links.

http://pastebin.com/eLkPxLWi

https://i.imgur.com/sfhgQgV.png?1

To my best information..cryptorush.in is going insolvent. anybody have other info??

[jimlite]

I've been mining this coin continuously since launch with my Asus R9 270x, only have about 180k coins.  I settled on buying the 270x as my old Radeon 4890 was not cutting it for games anymore, but was really looking at a 280x when prices were sky high.  I bought the 270x at $240 off amazon and then promptly lost my job the next day.  First few days I spent mining random coins until I found the announcement that this coin would be launching soon.  I spent the rest of the time making sure my card wasn't a dud, it kept giving me artifacts on the desktop for a few days, but finally settled down and only firefox/palemoon show artifacts, but from what I have read that is due to the browser itself.  I would love to see this coin become profitable, it just feels like a good concept

Yeah firefox is known to artifact (I get checkerboards).  But you can get rid of that in options
there is a setting for use hardware acceleration, you can uncheck it, but your browser will be
slow, don't try to watch videos in it or anything.

[scott0577]

cryptorush is running smooth for me right now.. Anybody else?

Scott I pulled all my coins out of that market since they had so many rumors floating around about recent hacks.. I liked the exchange I just cannot risk losing anything.

Ok I'm running... I pulled all my GPUC out and BTC

[paintray98]

I've been mining this coin continuously since launch with my Asus R9 270x, only have about 180k coins.  I settled on buying the 270x as my old Radeon 4890 was not cutting it for games anymore, but was really looking at a 280x when prices were sky high.  I bought the 270x at $240 off amazon and then promptly lost my job the next day.  First few days I spent mining random coins until I found the announcement that this coin would be launching soon.  I spent the rest of the time making sure my card wasn't a dud, it kept giving me artifacts on the desktop for a few days, but finally settled down and only firefox/palemoon show artifacts, but from what I have read that is due to the browser itself.  I would love to see this coin become profitable, it just feels like a good concept

Yeah firefox is known to artifact (I get checkerboards).  But you can get rid of that in options
there is a setting for use hardware acceleration, you can uncheck it, but your browser will be
slow, don't try to watch videos in it or anything.

Thanks for the tip *unchecks hardware acceleration*

I use Chrome for videos anyways so it won't affect my usage

[reesev]

cryptorush is running smooth for me right now.. Anybody else?

Scott I pulled all my coins out of that market since they had so many rumors floating around about recent hacks.. I liked the exchange I just cannot risk losing anything.

Ok I'm running... I pulled all my GPUC out and BTC

GJ! I think its the only safe thing to do at the moment!

[waltsmith]

I've been mining this coin continuously since launch with my Asus R9 270x, only have about 180k coins.  I settled on buying the 270x as my old Radeon 4890 was not cutting it for games anymore, but was really looking at a 280x when prices were sky high.  I bought the 270x at $240 off amazon and then promptly lost my job the next day.  First few days I spent mining random coins until I found the announcement that this coin would be launching soon.  I spent the rest of the time making sure my card wasn't a dud, it kept giving me artifacts on the desktop for a few days, but finally settled down and only firefox/palemoon show artifacts, but from what I have read that is due to the browser itself.  I would love to see this coin become profitable, it just feels like a good concept

If you happen to be running the 14.x beta catalyst drivers they are solid but do cause artifacts on desktop and in browsers. Known bug with the driver. I'm only running them cause I have the THIEF game that uses the mantle API and boy does it offer a performance increase!!!

waltsmith

[paintray98]

I've been mining this coin continuously since launch with my Asus R9 270x, only have about 180k coins.  I settled on buying the 270x as my old Radeon 4890 was not cutting it for games anymore, but was really looking at a 280x when prices were sky high.  I bought the 270x at $240 off amazon and then promptly lost my job the next day.  First few days I spent mining random coins until I found the announcement that this coin would be launching soon.  I spent the rest of the time making sure my card wasn't a dud, it kept giving me artifacts on the desktop for a few days, but finally settled down and only firefox/palemoon show artifacts, but from what I have read that is due to the browser itself.  I would love to see this coin become profitable, it just feels like a good concept

If you happen to be running the 14.x beta catalyst drivers they are solid but do cause artifacts on desktop and in browsers. Known bug with the driver. I'm only running them cause I have the THIEF game that uses the mantle API and boy does it offer a performance increase!!!

waltsmith

I am running 13.12

I found a config for regular scrypt that the 270x can hit 500kh/s stable, I just can't get it to translate to scrypt-n, best I get is 230kh/s which is 20kh/s lower than I would like, but I'll deal with it.  I also found a workaround to driver crashes/low hashrates.  Device Manager > disable adapter and then re-enable it and your low hashrate should go back to normal once you reload vertminer/cgminer/sgminer.

I am fairly new at this mining stuff and wish I had gotten into mining back when Bitcoin launched when I first heard about it.  I attempted it, but at the time felt it was just too difficult and dropped off.  I think, at the time, Bitcoin was worth $0.10.  I am really kicking myself about that.

[g.r.o.s.s]

one of the first solutions for me is not aiming for the cryptomarket but getting the word out in the gaming community, were nothing compared to them, if the store can generate enough trust ( buyer feedback on the site would be great) and give peeps an easy way of obtaining gpuc store would be sold out instantly. but i just hope hendrix and the guys have already something up their sleeve.

[jollyriffic]

just a quick question/maybe suggestion.

for those that don't mine, but going off the suggestion of hitting up gamers and saying you can buy gpus at a discounted price. would it maybe be beneficial for the store to sell gpuc for cash?
mark it up a little higher than what the going rate is for exchanges, then this way, less needs dumped back into the exchanges and people can quickly buy a card using the gpu coin.
think of it like how xbox does their points, you're paying the value but with their own currency.

thoughts, comments, quibbles, queries?

the only downside i see to this is they would have to cover the fees for the method of payment. credit card processors charge a fee and even something like paypal would.

[g.r.o.s.s]

you could sell at reg price to gamers but give them a discount in gpuc, like 5%, that way people would start trading,giving the coin away in gaming communitys themselves. might create a promotion on its own.

[madbit1000]

holy crap you pay too much for power.. ive been watching my power bill since I got 4-5 cards going, only 3x 270x and 1 270 in one rig and another rig for gaming/mining in downtime with a 270 and its only gone up like 4$ with 3 cards and $8 with all 5...im using a EVGA supernova 1300 gold 80+ psu..  id be looking into gridseeds if I was you.. and sell me your used cards on marketplace  

Er, no..

[madbit1000]

one of the first solutions for me is not aiming for the cryptomarket but getting the word out in the gaming community, were nothing compared to them, if the store can generate enough trust ( buyer feedback on the site would be great) and give peeps an easy way of obtaining gpuc store would be sold out instantly. but i just hope hendrix and the guys have already something up their sleeve.

Thats a good idea, like i said before this is where we need promotion. Now where is that promotional guy and what is he doing. if anything at all. I certainly haven't noticed it..

[silverfern]

just a quick question/maybe suggestion.

for those that don't mine, but going off the suggestion of hitting up gamers and saying you can buy gpus at a discounted price. would it maybe be beneficial for the store to sell gpuc for cash?
mark it up a little higher than what the going rate is for exchanges, then this way, less needs dumped back into the exchanges and people can quickly buy a card using the gpu coin.
think of it like how xbox does their points, you're paying the value but with their own currency.

thoughts, comments, quibbles, queries?

the only downside i see to this is they would have to cover the fees for the method of payment. credit card processors charge a fee and even something like paypal would.

I think it depends on how they set up their company. I think if they trade for gpucoins and then sell the gpucoins on the exchange for bitcoins and then for money. I don't think that they need to pay tax on that since coins are considered a commodity and they are trading it, or something like that. If they start selling for dollars etc then they have to file their income and pay taxes, since they are making money on their GPUs

Correct me if im wrong.

[madbit1000]

Right now in the UK, HMRC has not made a push for taxing people mining the coins or buying and selling on the exchanges. So we are clear for now. If GPUcoin needs to get into the UK market, there are millions of gamers to capture, also this is a fairly new market for us. Now a store based in the UK would be a good idea too, to keep delivery costs down, shipments could go to kind of uk delivery hub.