[GPUC] GPU Coin | Mandatory Wallet Update

[illiki23]

"Judge rules Facebook investors CAN sue for IPO non-disclosures:

I don't care that people are pointing out this is not technically an IPO.  Jaymes collected money in return for what was clearly labeled as investment in an IPO.

If this were a real IPO we could demand refunds based on the fact that GPUCoin is refusing to disclose certain information.  For example GPUCoin has not posted any proof that all of the investor funds were used to purchase a batch of GPUs, regardless of being asked multiple times.

I am starting to believe that one could take GpuCoin to court and get their refund back.

GPUCoin clearly labeled this as an investment in an IPO.  I guess they did not look into it because IPO investors do have rights that have been established in court.

Otherwise I want my refund based on the fact that we were misled into believing we would be part of an IPO.  It is not my fault Jaymes decided to word things in the framework of IPO investment.

[vesperwillow]

He used IPO and defined it as an initial public offering of GPUC.. in that sense, he did not fail to follow through. He provided a public offering of the coin to some initial buyers.

He used corporation-style investment terms throughout the standup, this is true. Whether he did it knowingly/intentionally to beguile more investment from folks, is up to debate. It's an LLC in Virginia, which basically means it's a small business with no partnership/investor framework. Unless you're added as part-owner, you have no part in the business.

Sure, you could take him to court to get your BTC back, but if he has already given you GPUC.. your case wouldn't even end up on the docket. He has no legal or ethical reason to provide you with his private business plan, or even his intentions.

[tylerderden]

"Judge rules Facebook investors CAN sue for IPO non-disclosures:

I don't care that people are pointing out this is not technically an IPO.  Jaymes collected money in return for what was clearly labeled as investment in an IPO.

If this were a real IPO we could demand refunds based on the fact that GPUCoin is refusing to disclose certain information.  For example GPUCoin has not posted any proof that all of the investor funds were used to purchase a batch of GPUs, regardless of being asked multiple times.

I am starting to believe that one could take GpuCoin to court and get their refund back.

GPUCoin clearly labeled this as an investment in an IPO.  I guess they did not look into it because IPO investors do have rights that have been established in court.

Otherwise I want my refund based on the fact that we were misled into believing we would be part of an IPO.  It is not my fault Jaymes decided to word things in the framework of IPO investment.

geez man get over the technicality already. this is crypto there are no rules really and it's a moot point anyway. We need to stop all this garbage and organize something to get some volume in the store. none of this other shit matters. IPO donation whatever who cares? are you really going to sue the guy on some wording on a bitcoin forum? probably not so why not focus on getting this store some business or something. It's obviously up to us because CEO doesn't seem to be giving much guidance so let's do it. Negativity and threats is not helping anybody so quit wasting your time on it man.

[imonit]

...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.

http://bitinfocharts.com/comparison/hashrate-vtc.html

[bananahunter67]

Just few hours till the sale  

[jollyriffic]

...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.

http://bitinfocharts.com/comparison/hashrate-vtc.html

not sure how accurate that site is, but maybe look at this.
http://bitinfocharts.com/comparison/price-vtc.html

[imonit]

...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.

http://bitinfocharts.com/comparison/hashrate-vtc.html

not sure how accurate that site is, but maybe look at this.
http://bitinfocharts.com/comparison/price-vtc.html

....to which I reply  http://bitinfocharts.com/comparison/price-btc-vtc.html (meant to use that)

[pr0d1gy]

lots of potential. this seems like a good coin.

[MiningSensei]

Do you guys ship to Europe? A bit of a late question

[httpb]

Do you guys ship to Europe? A bit of a late question

Yeah, I'm wondering about that too. I couldn't find any "shipment" info on the site.

[jollyriffic]

usa, canada, uk, japan, china, germany, russia, and australia are listed in the address line.

[jollyriffic]

https://www.mintpal.com/voting get to voting

[jimlite]

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

Ok, then what new coin should we be mining? What has the most profitability and long term potential?
And don't say DOGE. And by the way, what other coin other than btc has a product behind it at all, yet alone worrying about volume!

[tylerderden]

 so a few weeks ago some dumbass told me to delete a cl file in my cgminer directory (I was having issues mining some stupid shitcoin)  and since then I can't mine scrypt-n on that machine. I have tried fresh windows install with brand new cgminer diffferent cards from another rig and they all give me the same error : gpu failure error enqueing something blah blah...has anybody had this problem before and how the hell do i fix it?

[jollyriffic]

so a few weeks ago some dumbass told me to delete a cl file in my cgminer directory (I was having issues mining some stupid shitcoin)  and since then I can't mine scrypt-n on that machine. I have tried fresh windows install with brand new cgminer diffferent cards from another rig and they all give me the same error : gpu failure error enqueing something blah blah...has anybody had this problem before and how the hell do i fix it?

fresh everything would mean that the problem is likely with either the pool or the card.
i'm basing this off the assumption you're using 13.12 drivers and everything else is updated.
you'll want to post the full error message for actual help.

[wacko]

they all give me the same error : gpu failure error enqueing something blah blah...has anybody had this problem before and how the hell do i fix it?

Better post all those "blahs", would be easier for the readers to understand what exactly is the problem. First of all, just in case, you should probably try vertminer and not cgminer (unless it was a typo and you meant vertminer, but who knows). Second, this kind of error might appear when you don't have enough RAM (like 4GB isn't enough for my windows rigs, had to install 8GB in them). Third, it's possible that you haven't set the variables (considering it's a fresh installation):
setx GPU_MAX_ALLOC_PERCENT 200
setx GPU_USE_SYNC_OBJECTS 1

Those are added in the beginning of the .bat file you use for mining.

Did you try to google the exact error that miner is showing?

[tylerderden]

 yeah the only thing the error says is gpu 0 failure disabling! enqueing error. that's it. I have been mining scrypt-n without issue for months until this garbage, and like i said i have tried different cards in that machine and same error, put the card in a different rig and it works fine. it's not regular cgminer it's the one for vert and it worked perfect until i deleted that file, you would think just a fresh copy of the miner would solve the problem but it doesn't. I can mine keccak, x11, scrypt whatever no problem it just freaks out on scrypt n.

[tylerderden]

so a few weeks ago some dumbass told me to delete a cl file in my cgminer directory (I was having issues mining some stupid shitcoin)  and since then I can't mine scrypt-n on that machine. I have tried fresh windows install with brand new cgminer diffferent cards from another rig and they all give me the same error : gpu failure error enqueing something blah blah...has anybody had this problem before and how the hell do i fix it?

fresh everything would mean that the problem is likely with either the pool or the card.
i'm basing this off the assumption you're using 13.12 drivers and everything else is updated.
you'll want to post the full error message for actual help.

yes 13.12 drivers everything updated working fine on scrypt n for months.

[jollyriffic]

change up your config for that card then.
scale back the core/mem/voltage to stock settings
dial back your bat/config to something that should work really easy for the card.

then see what happens

why is he doing this giveaway?

to promote the coin.

[tylerderden]

change up your config for that card then.
scale back the core/mem/voltage to stock settings
dial back your bat/config to something that should work really easy for the card.

then see what happens

tried that too. same results. I tried different coins different pools, I tried just straight up mining vertcoin with my old config that worked forever flawlessly.no dice. The only other thing i can think of is to try vertminer and see if that changes anything. really strange dude.