[GPUC] GPU Coin | Mandatory Wallet Update

[jimlite]

None of you guys get it yet.  It doesn't really matter that it is scrypt-n, in fact that will help when
scrypt pools start getting huge hash from Asics and ruin scrypt coins. Then you will be glad gpuc is
scrypt-n.  And I do think as another poster pointed out that compared to vert coin we have way
to quick blocks, way too much reward 20,000/block, etc. I wish the devs would reduced the 20,000/block
as we are producing way too many coins at such a low net hash rate.  But ALL of this doesn't matter
at all with the lack of professionals viral marketing the coin.  This coin has a lot going for it, you can
actually purchase computer equipment with it, yet it is suffering from a clear lack of marketing and
advertising. EVERY new business needs to advertise to be successful.  If a retarded cartoon dog coin
can be in the top 5 of popular coins, with no real world use, all I can say is WTF? AND THEY HAVE
AWESOME MARKETERS, PROMOTERS, AND ADVERTISING. There is NO reason other than this that our
coin is dying and the ridiculous DOGE is thriving.

[kcheel]

Just a reminder, keep voting for GPUC at Mintpal.  Slowly climbing up the list.

[jollyriffic]

well i think its up to us miners to do the marketing.
we've asked how it was going to get marketed but nobody has come up with anything other than tweeting, facebooking, making graphics, and posting links in our sigs.

What really needs done is someone to advertise on popular sites.
you can buy adspace or even video ad time for w/e you want.

take twitch.tv for example, almost every last person streaming on that site wants to become a partner so they can make money playing games.
these are the people we need to market to, those with a vision of doing almost nothing and making money doing it.
not sure if changing up the coin will help, but i leave that up to you guys. personally i do think we generate too many coins.

anyone in marketing here want to help get the ball rolling?

[zerodrama]

7990 Saphire pls

[Relnarien]

On Friday the 4th of April GPU Coin is having a massive sale starting between the hours of 1700~2000 EST and going until stock is sold out.  The rest of the Sapphire Toxic R9 280X cards will be sold for $300 USD equivalant of GPUC at the market value and any person who orders a Sapphire R7 240 card at our already low price of $27 USD equivalant of GPUC will be entered in a drawing for another free R7 240, with a total of 5 winners.  Due to stock limits, we will be limiting purchases to one card per customer.

Do we have to purchase an R7 240 between the hours of 1700-2000 EST of April 4 in order to be entered in the raffle, or can we buy an R7 240 as long as supplies last and still be entered? Is there an exact cutoff date for participation?

[v3p]

How is the store planning to get $ out of GPUC when total GPUC buy volume is like 0.1 BTC?
Coin is dying and so is the store because they are stuck with their GPUC worth nothing.

[bananahunter67]

How is the store planning to get $ out of GPUC when total GPUC buy volume is like 0.1 BTC?
Coin is dying and so is the store because they are stuck with their GPUC worth nothing.

I am sure Jaymes is not that stupid and has planned that. I think he will soon get us on a bigger exchange.

[waldistons]

Ok, so you are thinking it will contain information about how to convert fiat to BTC and then what exchanges to use?

I am reading similar text everywhere, but as a noob in cryptos, i don't get it - what is fiat?? (someone is selling cars for BTC? )

[bananahunter67]

Ok, so you are thinking it will contain information about how to convert fiat to BTC and then what exchanges to use?

I am reading similar text everywhere, but as a noob in cryptos, i don't get it - what is fiat?? (someone is selling cars for BTC? )

fiat is all the currency issued by banks/governments - EUR/USD/GBP etc...

[waldistons]

Btw, tried to sell my DOGE to buy GPUC on mintpal, but they didn't allow me to do it. I think they limit trade orders to 0.0001 BTC or whatever the current BTC transaction fee is. Withdrawing my DOGE to wallet and putting on other exchange. Anyone knows cheapest exchange for buying GPUC by scheme DOGE -> BTC -> GPUC ?

[bananahunter67]

Btw, tried to sell my DOGE to buy GPUC on mintpal, but they didn't allow me to do it. I think they limit trade orders to 0.0001 BTC or whatever the current BTC transaction fee is. Withdrawing my DOGE to wallet and putting on other exchange. Anyone knows cheapest exchange for buying GPUC by scheme DOGE -> BTC -> GPUC ?

Sell DOGE everyehere, for example Cryptsy. And then buy GPUC from poloniex.

[waldistons]

thanks for advice, will do that as soon as my DOGE wallet synchronises

[v3p]

How is the store planning to get $ out of GPUC when total GPUC buy volume is like 0.1 BTC?
Coin is dying and so is the store because they are stuck with their GPUC worth nothing.

I am sure Jaymes is not that stupid and has planned that. I think he will soon get us on a bigger exchange.

That alone won't be enough to solve the problem.

[bitcoinsguru]

How is the store planning to get $ out of GPUC when total GPUC buy volume is like 0.1 BTC?
Coin is dying and so is the store because they are stuck with their GPUC worth nothing.

I am sure Jaymes is not that stupid and has planned that. I think he will soon get us on a bigger exchange.

That alone won't be enough to solve the problem.

You are right buddy, The biggest exchange can be great for coin or it just vanish that coin, like flappy coin came to Cryptsy very fast & rates fallen down & now the flappy is exchanged with LTC at 0.00000006, At start the price in BTC for flappy.
So we have to make sure that this GPU Coin reach to lots of people & all should believe in this coin & it should be also used for other services, So value of coin go up.

[bananahunter67]

How is the store planning to get $ out of GPUC when total GPUC buy volume is like 0.1 BTC?
Coin is dying and so is the store because they are stuck with their GPUC worth nothing.

I am sure Jaymes is not that stupid and has planned that. I think he will soon get us on a bigger exchange.

That alone won't be enough to solve the problem.

You are right buddy, The biggest exchange can be great for coin or it just vanish that coin, like flappy coin came to Cryptsy very fast & rates fallen down & now the flappy is exchanged with LTC at 0.00000006, At start the price in BTC for flappy.
So we have to make sure that this GPU Coin reach to lots of people & all should believe in this coin & it should be also used for other services, So value of coin go up.

You are right.
I am starting to think more and more we need a massive campaign. Maybe on national USA TV. Don't know the cose but Mazacoin did it. And they went 40x in price in 3 days.

[MiningSensei]

How is the store planning to get $ out of GPUC when total GPUC buy volume is like 0.1 BTC?
Coin is dying and so is the store because they are stuck with their GPUC worth nothing.

I am sure Jaymes is not that stupid and has planned that. I think he will soon get us on a bigger exchange.

That alone won't be enough to solve the problem.

You are right buddy, The biggest exchange can be great for coin or it just vanish that coin, like flappy coin came to Cryptsy very fast & rates fallen down & now the flappy is exchanged with LTC at 0.00000006, At start the price in BTC for flappy.
So we have to make sure that this GPU Coin reach to lots of people & all should believe in this coin & it should be also used for other services, So value of coin go up.

I think that if the community builds up strong enough, then we can get a major uptrend with a new exchange.  I would be extremely happy if GPUcoin didn't get major attention from profit-switch pools or pumpers for a while, so I'm glad that it isn't on a major exchange yet. 

[vesperwillow]

...asic only helps coins. gives them more hash power, secures the network, and overall generates more profit...

Are you nuts? If ASICs become the way of mining, then GPUs are out, and what is the point of GPUC??? Sure, they do help secure the network, but they make mining SEVERELY less profitable. Do you not understand what's happened to Bitcoin due to ASICs?

What happened? It became far more secure. Hashpower = network security.  They don't make it less profitable.. in fact you're so far off on your logic it's mind blowing. If that were the case then bitcoin would be worth less than a dogecoin. The most profitable long term altcoins are Scrypt, but it's not their algo which makes them profitable. The most valuable and sustainable cryptocurrency will be the one consumers use worldwide, and that may not even be Bitcoin in a few years.. who knows.

Aside from that, no cryptocurrency has inherent value, and only a few of them have somewhat tangible value. ScryptN (or ANY algo) coin value shouldn't be evaluated from the first 6 months.. not even the first year honestly. Vertcoin's hash and value is dying, just like many others.. why..? Nothing tangible. Why mine it? No consumer use. GPUC is following the same path right now. Network hash has died off severely.

Besides that, to maintain a network you need ongoing hashrate. Ongoing hashrate = more power usage. Without ASIC you limit your hashrate and increase security risks. Right now the least efficient Scrypt ASIC systems are pushing 500kh at just a few watts, and I can get them for the same price as 270 cards. Think about that for a minute.

Would you rather be mining GPUC at 500kh at say 150watts, or 5 watts? Because the latter would be giving you lower overhead and hence a more valuable turnover.

Like I said before.. hardly anyone in this thread understands the problem with GPUC, much less long term coin design and sustainability. Maybe 5 people.

[jimlite]

...asic only helps coins. gives them more hash power, secures the network, and overall generates more profit...

Are you nuts? If ASICs become the way of mining, then GPUs are out, and what is the point of GPUC??? Sure, they do help secure the network, but they make mining SEVERELY less profitable. Do you not understand what's happened to Bitcoin due to ASICs?

What happened? It became far more secure. Hashpower = network security.  They don't make it less profitable.. in fact you're so far off on your logic it's mind blowing. If that were the case then bitcoin would be worth less than a dogecoin. The most profitable long term altcoins are Scrypt, but it's not their algo which makes them profitable. The most valuable and sustainable cryptocurrency will be the one consumers use worldwide, and that may not even be Bitcoin in a few years.. who knows.

Aside from that, no cryptocurrency has inherent value, and only a few of them have somewhat tangible value. ScryptN (or ANY algo) coin value shouldn't be evaluated from the first 6 months.. not even the first year honestly. Vertcoin's hash and value is dying, just like many others.. why..? Nothing tangible. Why mine it? No consumer use. GPUC is following the same path right now. Network hash has died off severely.

Besides that, to maintain a network you need ongoing hashrate. Ongoing hashrate = more power usage. Without ASIC you limit your hashrate and increase security risks. Right now the least efficient Scrypt ASIC systems are pushing 500kh at just a few watts, and I can get them for the same price as 270 cards. Think about that for a minute.

Would you rather be mining GPUC at 500kh at say 150watts, or 5 watts? Because the latter would be giving you lower overhead and hence a more valuable turnover.

Like I said before.. hardly anyone in this thread understands the problem with GPUC, much less long term coin design and sustainability. Maybe 5 people.

Yeah, but multipools can't rape us (yet) since we are scrypt-n, and there are no big scrypt-n multipools.  A little might be good for the hashrate though.  You are just upset since you can't mine gpuc with your gridseeds.  That alone will make it more valuable once people are sick of litecoin difficulty at 10,000 and no multipool income from crap coins. People will go to scrypt-n, keccak, and x11 coins and you sir will have a nice paperweight.

[vesperwillow]

Yeah, but multipools can't rape us (yet) since we are scrypt-n, and there are no big scrypt-n multipools.  A little might be good for the hashrate though.  You are just upset since you can't mine gpuc with your gridseeds.  That alone will make it more valuable once people are sick of litecoin difficulty at 10,000 and no multipool income from crap coins. People will go to scrypt-n, keccak, and x11 coins and you sir will have a nice paperweight.

Rape? You mean, mint coins, like GPUC is designed for? Because, once again, the volume of coins in flow isn't the problem.. it's the LACK of business flow. Bitcoin is being silverback-gorilla-gang-raped right now and guess what, it's doing superbly, up 50x its value from 12 months ago. Litecoin is being whored out to several multipools and is doing even better than bitcoin. The fact is GPUC's frontend (business) is dying.

Upset? I don't even HAVE gridseeds. As I mentioned several pages back I have a GPU farm. Myself and 2 friends could literally steal your blockchain away from you and destroy the coin if we wanted to, because the network hashrate is so low, lower than last week even. I'm not upset, if anything this is hilarious, I'm laughing right now.

Let me know in a few years how GPUC is doing. Oh that's right, I predicted its death by this summer back a few hundred pages. And guess what? It's definitely on track for that. The only reason I stay in here is because this is like a museum exhibit to me, it provides entertainment, and for those who are genuine in their intentions, I provide advice.

Perhaps you're upset because you were around awhile back when I predicted every single one of the failures which have occured so far? Maybe not, but hey, it's all good. To each his own

[tylerderden]

 There are already multipools hitting GPUC. TMB does when the profit is right. I think they might be the only one and it's a small pool with no open registration anytime soon but the thing is they may be the only decent sized pool propping this coin up at the moment. and one of the asic companies has said you can mine scrypt-n with their product. I think a better thing to worry about than what's going to happen in 6 month's and all the speculation about this coin need to be shelved. Somebody needs to do some serious marketing or this is going to be just another failed shitcoin, that's the only thing that matters right now. awareness and volume. A huge sale, even at a loss, would probably do the trick but it looks like it's all just falling on deaf ears at this point. It's too bad this coin could have been huge.