[GPUC] GPU Coin | Mandatory Wallet Update

[micryon]

While I agree the block reward doesn't need to be as high as it is (as a transactional-flow coin operates well in the 'hundreds' block range),

That's all we're saying right now regarding the coin hard fork... sure i agree it's not the core issue, but anything we can do to help.  I don't feel nethash security are going to be significant improved or not , either way.

The primary purpose of GPU coin is to be a payment method for the business and it can't be an effective payment method at these levels.  It's not the value of the coin that's the problem exactly it's that we've run out of decimal places (dynamic range).

Yes agree, the problem is that this is a payment method with a large inflation rate..

To sum up, the coin can survive falling in price while the business and aftermarket trade volume grow but it can't survive if it runs out of decimal places...  

micryon, solutions?

I've proposed a solution, similar to what you suggest, reduce subsidy at a certain point and hard fork..

But as I've said, i can implement anything, but it requires an executive decision from the CEO and owners of GPUCoin LLC.  Without that I cannot make these kids of economic changes.

[takiyon]

As an IPO all I can say is that we are getting hosed. I have invested more than $28 equivalent. WE NEED TO DO SOMETHING!!!!

http://s29.postimg.org/quwtakfrb/Untitled.jpg
upload foto

$28 USD - thats scraps, there are a few of us who are a few BTC deep on this IPO, myself included, still holding these coins, plus was mining for 2 weeks straight (just pulled my miners off this morning after dedicatedpool started getting mpos issues)..

This needs to go Hard Fork - X11 Protocol, Block Rewards down to 1/3rd, or POS Only.

if you are bent out of shape on $28USD - ill give you $14 USD for all your GPUC, and you can consider  it a lesson learned..

otherwise, im holding my positions.

Its my first IPO. Like many I am holding out. 28 usd is 28 usd. Thats what its worth now. I still buy coins though. Hoping to at least make something.

[hendr1x]

Hello everyone,
I am hoping to be adding more countries as shipping options.  I currently have Mexico and Netherlands on the list.  If anyone would like to request others please PM me.  Each country needs to be manually added due how the shipping carrier works and I can not guarantee that we any more will be added.  That said, I will try my best.

[reesev]

Contest - guess the price of first gpu (closest wins card)
http://www.gpucoinforum.com/viewtopic.php?f=8&t=2734


a contest thread over at gpucoinforum and I won!!! Woohooo

I guessed the closest price to the first 280x sold!



So today i get a email telling me they cant afford to send me a 280x but offered me a r7 240.



Was i the only one to think I was entering to win a 280x?

very sad panda today!

[MarketMover_ok]

Contest - guess the price of first gpu (closest wins card)
http://www.gpucoinforum.com/viewtopic.php?f=8&t=2734


a contest thread over at gpucoinforum and I won!!! Woohooo

I guessed the closest price to the first 280x sold!



So today i get a email telling me they cant afford to send me a 280x but offered me a r7 240.



Was i the only one to think I was entering to win a 280x?

very sad panda today!

Free gpu .... I would take it, if you don't wan't it.

[PCJargon]

Contest - guess the price of first gpu (closest wins card)
http://www.gpucoinforum.com/viewtopic.php?f=8&t=2734


a contest thread over at gpucoinforum and I won!!! Woohooo

I guessed the closest price to the first 280x sold!



So today i get a email telling me they cant afford to send me a 280x but offered me a r7 240.



Was i the only one to think I was entering to win a 280x?

very sad panda today!

Free gpu .... I would take it, if you don't wan't it.

Maybe you can just get the GPUC equivalent and hoard it until the value rises?

[jollyriffic]

Contest - guess the price of first gpu (closest wins card)
http://www.gpucoinforum.com/viewtopic.php?f=8&t=2734


a contest thread over at gpucoinforum and I won!!! Woohooo

I guessed the closest price to the first 280x sold!



So today i get a email telling me they cant afford to send me a 280x but offered me a r7 240.



Was i the only one to think I was entering to win a 280x?

very sad panda today!

that contest was pretty vague.

[illiki23]

Contest - guess the price of first gpu (closest wins card)
http://www.gpucoinforum.com/viewtopic.php?f=8&t=2734


a contest thread over at gpucoinforum and I won!!! Woohooo

I guessed the closest price to the first 280x sold!



So today i get a email telling me they cant afford to send me a 280x but offered me a r7 240.



Was i the only one to think I was entering to win a 280x?

very sad panda today!

I thought it was for a 280x as well, so don't feel too bad.  And you did get something out of it at least.

The contest was not just vague but misleading.  The wording implies the prize is a 280x.

It is somewhat shady.

[svenp]

I've proposed a solution, similar to what you suggest, reduce subsidy at a certain point and hard fork..

But as I've said, i can implement anything, but it requires an executive decision from the CEO and owners of GPUCoin LLC.  Without that I cannot make these kids of economic changes.

Ok, this is (probably) crazy.... but... what if the currency was re-issued at 1/100th the volume of this one (200 subsidy, 135M maxcoins, etc)?  Is there some way current GPUC holders could convert to the new currency?  I know that's a bit drastic and perhaps impossible practically but something has to be done and cutting the subsidy isn't going to be enough IMHO unless someone supports the price during the transition.

[PCJargon]

I've proposed a solution, similar to what you suggest, reduce subsidy at a certain point and hard fork..

But as I've said, i can implement anything, but it requires an executive decision from the CEO and owners of GPUCoin LLC.  Without that I cannot make these kids of economic changes.

Ok, this is (probably) crazy.... but... what if the currency was re-issued at 1/100th the volume of this one (200 subsidy, 135M maxcoins, etc)?  Is there some way current GPUC holders could convert to the new currency?  I know that's a bit drastic and perhaps impossible practically but something has to be done and cutting the subsidy isn't going to be enough IMHO unless someone supports the price during the transition.

Um, hard fork doesn't mean re-issuing the currency, i just means changing the way it's mined. Any coins already generated would still be part of the same chain.

EDIT: And doing what you're suggesting, re-issuing the currency and allowing current holders to trade in to the new one completely from ground up means that the old network would die, would be forked, and someone could easily falsify millions of GPUC.

[illiki23]

I've proposed a solution, similar to what you suggest, reduce subsidy at a certain point and hard fork..

But as I've said, i can implement anything, but it requires an executive decision from the CEO and owners of GPUCoin LLC.  Without that I cannot make these kids of economic changes.

Ok, this is (probably) crazy.... but... what if the currency was re-issued at 1/100th the volume of this one (200 subsidy, 135M maxcoins, etc)?  Is there some way current GPUC holders could convert to the new currency?  I know that's a bit drastic and perhaps impossible practically but something has to be done and cutting the subsidy isn't going to be enough IMHO unless someone supports the price during the transition.

Well, part of the problem is that because coins are being produced too fast the price is lower than was originally expected and because of this investors are losing a lot of money.  Converting to a new volume would not remedy that if investors have to convert their coins over as well.  

The best solution will be one that ensures the investors can make money.

[vesperwillow]

Why do you guys think changing the output will fix anything? Whether it takes 1 GPUC or 1,000,000 GPUC to buy a pencil off of Amazon, it's still going to fluctuate. As was stated by someone else, the problem is the lack of usage of the business system. It's not a coin or mining or exchange problem.

Folks don't seem to be willing to "buy" GPUC in order to buy the cards. If they were, the market would right itself. What's the trade volume? Look at that, it'll tell you the story.

Also this: Mining GPUC to get a GPUC.. GPUC value goes down with BTC value.. this raises the electrical cost by a factor of 2.. so fewer people are interested in simply mining to get GPU's.

If more non miners bought GPUC through some method, and then purchased at the GPUC store, then you'd see a nice surge. Which goes back to.. the business frontend needing volume.

[Anonz]

I casted my vote, thanks GPU Coin dev team

[illiki23]

Why do you guys think changing the output will fix anything? Whether it takes 1 GPUC or 1,000,000 GPUC to buy a pencil off of Amazon, it's still going to fluctuate. As was stated by someone else, the problem is the lack of usage of the business system. It's not a coin or mining or exchange problem.

Folks don't seem to be willing to "buy" GPUC in order to buy the cards. If they were, the market would right itself. What's the trade volume? Look at that, it'll tell you the story.

Also this: Mining GPUC to get a GPUC.. GPUC value goes down with BTC value.. this raises the electrical cost by a factor of 2.. so fewer people are interested in simply mining to get GPU's.

If more non miners bought GPUC through some method, and then purchased at the GPUC store, then you'd see a nice surge. Which goes back to.. the business frontend needing volume.

We could definitely see a number of changes to their storefront to make their business more sucessful.  There are some critical errors they have not fixed yet.

For example most people will not be able to use the store as they do not know where to obtain GPUCoin.  There is still not a single link on the entire store website that links to a page with general information about how people get GPUCoins.  People are going to pay a little more just because of how inconvenient the entire process is.  Search engines are not too helpful either.

[illiki23]

GPUCoin, This is the last time I am going to ask.

I think the investors deserve to know:

How much money from selling the first batch of GPUs is going to be used to purchase more GPUs?

That is, what percentage of profits will be going to the pockets of the owners? 

As investors, I think we have a right to know more about the business model used for the store including their strategy for growth, we also have a right to know how much the owner is making off of this venture.

[vesperwillow]

For example most people will not be able to use the store as they do not know where to obtain GPUCoin.  There is still not a single link on the entire store website that links to a page with general information about how people get GPUCoins.  People are going to pay a little more just because of how inconvenient the entire process is.  Search engines are not too helpful either.

I absolutely agree, that should've been there from day 1.

I think the investors deserve to know:

How much money from selling the first batch of GPUs is going to be used to purchase more GPUs?

That is, what percentage of profits will be going to the pockets of the owners? 

As investors, I think we have a right to know more about the business model used for the store including their strategy for growth, we also have a right to know how much the owner is making off of this venture.

FWIW, you're not investors, you're early-buyers. Not to like slap you in the face or anything, but that's just the case. You're an investor if you're getting dividends and returns directly from the company, which you're not. You gave them money to have early access to bulk coin.

Your 'investment' is in the value of the coin.

[jimlite]

1)Make fork with less coins/block.  Will not save the coin long term, but will alleviate the 6 satoshi and getting lower issue. CEO and IPO or buyers will be happy that their coins are now worth more.
2)Get a team and MARKET THE HELL out of this coin. It needs to be the next viral coin, PERIOD. Like DOGE or Aurora.
3)Use any IPO money left to buy a wide variety of cards and equipment so the store has more items and more volume.  Put links on the store to buy GPU coin.  Sell at CEO's cost until things improve with the coin, then slowly raise prices.
4)I love this coin, don't let it die like every other scam coin. I buy it, I mine it (and I love that it is not scrypt, my cards are all fine and I don't worry about Asics), but even I am losing faith until I see the marketing team post what their plan is here?  MARKETING TEAM, HELLO??? ANYONE HOME? PLEASE POST WHAT YOU ARE DOING TO PROMOTE THE COIN.
I think CEO had a lot to do, and did it well. After all he got this whole thing rolling.  But now it is up to him to make the marketing people do their jobs and his coin experts to do their jobs and get this coin going up in value rather than down.  

[hendr1x]

I'm really sorry for any confusion with the contest on the forum. [http://www.gpucoinforum.com/viewtopic.php?f=8&t=2734] I created the thread to simply save the idea some one told me.  It was not officially sanctioned nor was it really meant to be a contest to begin with.  Regardless, I wanted people to have fun so I offered a r7 card and a runner up prize.  The prizes are coming from my personal wallet.  I sincerely hope I didn't disappoint anyone.

[lemfuture]

I'm really sorry for any confusion with the contest on the forum. [http://www.gpucoinforum.com/viewtopic.php?f=8&t=2734] I created the thread to simply save the idea some one told me.  It was not officially sanctioned nor was it really meant to be a contest to begin with.  Regardless, I wanted people to have fun so I offered a r7 card and a runner up prize.  The prizes are coming from my personal wallet.  I sincerely hope I didn't disappoint anyone.

whoa expensive fun. thanks for clarifying

[kkangjji22]

I've proposed a solution, similar to what you suggest, reduce subsidy at a certain point and hard fork..

But as I've said, i can implement anything, but it requires an executive decision from the CEO and owners of GPUCoin LLC.  Without that I cannot make these kids of economic changes.

Ok, this is (probably) crazy.... but... what if the currency was re-issued at 1/100th the volume of this one (200 subsidy, 135M maxcoins, etc)?  Is there some way current GPUC holders could convert to the new currency?  I know that's a bit drastic and perhaps impossible practically but something has to be done and cutting the subsidy isn't going to be enough IMHO unless someone supports the price during the transition.

Well, part of the problem is that because coins are being produced too fast the price is lower than was originally expected and because of this investors are losing a lot of money.  Converting to a new volume would not remedy that if investors have to convert their coins over as well.  

The best solution will be one that ensures the investors can make money.

Thank you for the time analysis
Bottom price for the miners have also lost interest
I believe not many miners to hold a large amount of coin to the long-term point of view to consider
When they cannot see the hope is to be without interest