[GPUC] GPU Coin | Mandatory Wallet Update

[SpeedDemon13]

It's on the bottom of the page: https://gpucoinstore.com/contact.php

The responded back about my gpu order with a tracking number.

Thanks!

Your welcome....

They were very helpful....

[malbee]

Thank goodness coinwarz is retarded with their API pulls from poloniex. Makes it look less prifitable and is keeping away the mine-n-dumpers.

Still mining other coins to buy GPUC at the exchange, but looks like not many else are.

However the voting on mintpal is doing extraordinarily well.

waltsmith

Agreed. I'm mining GPUC and ignoring CoinWarz. Holding.

I'm holding as well...I still have faith, but I have to admit...it's fading.  With little to no feedback or direction from "management" it's harder to hold on.  I've mined millions of coins, and have since pulled my miners due to market price, market depth, and lack of focus/direction.  I'd love to believe, and a part of me still does, but it's getting harder.  Right now, we are looking at an empty storefront and no news as to what cards/products, if any, are coming next. 

[illiki23]

Thank goodness coinwarz is retarded with their API pulls from poloniex. Makes it look less prifitable and is keeping away the mine-n-dumpers.

Still mining other coins to buy GPUC at the exchange, but looks like not many else are.

However the voting on mintpal is doing extraordinarily well.

waltsmith

Agreed. I'm mining GPUC and ignoring CoinWarz. Holding.

I'm holding as well...I still have faith, but I have to admit...it's fading.  With little to no feedback or direction from "management" it's harder to hold on.  I've mined millions of coins, and have since pulled my miners due to market price, market depth, and lack of focus/direction.  I'd love to believe, and a part of me still does, but it's getting harder.  Right now, we are looking at an empty storefront and no news as to what cards/products, if any, are coming next. 

GPUCoin is a great idea, unfortunately Jaymes is a very incompetent businessman.

We should have an update by now.

I personally think everyone here is being scammed since GPUCoin REFUSES to practice disclosure.

Facebook IPO investors recently won in court a refund for their IPO investment because Facebook refused to disclose financial information proving they were using the money like they promised they would.

Real IPOs are regulated to protect investors.  Unfortunately GPUCoin held a fake IPO so they think they should not be held accountable to the investors.

I am curious as to the legality of coins these days holding fake IPOs.  IPOs are regulated.  My friend tells me that coin IPOs may be illegal, and we have been arguing about it.

Regardless of legalities, GPUCoin would do a lot better if it was ran by someone more competent in running a business.

A business is not a nuclear reactor. 

[kcheel]

Thank goodness coinwarz is retarded with their API pulls from poloniex. Makes it look less prifitable and is keeping away the mine-n-dumpers.

Still mining other coins to buy GPUC at the exchange, but looks like not many else are.

However the voting on mintpal is doing extraordinarily well.

waltsmith

Agreed. I'm mining GPUC and ignoring CoinWarz. Holding.

I'm holding as well...I still have faith, but I have to admit...it's fading.  With little to no feedback or direction from "management" it's harder to hold on.  I've mined millions of coins, and have since pulled my miners due to market price, market depth, and lack of focus/direction.  I'd love to believe, and a part of me still does, but it's getting harder.  Right now, we are looking at an empty storefront and no news as to what cards/products, if any, are coming next. 

I am holding also, hoping for some inventory updates soon.  I have not been mining GPUC for past week either.  Luckily I got on to the EMC2 train a few days ago, so was sitting on a nice pile of them yesterday when it took off. 

[vesperwillow]

Facebook IPO investors recently won in court a refund for their IPO investment because Facebook refused to disclose financial information proving they were using the money like they promised they would.

Real IPOs are regulated to protect investors.  Unfortunately GPUCoin held a fake IPO so they think they should not be held accountable to the investors.

I am curious as to the legality of coins these days holding fake IPOs.  IPOs are regulated.  My friend tells me that coin IPOs may be illegal, and we have been arguing about it.

Regardless of legalities, GPUCoin would do a lot better if it was ran by someone more competent in running a business.

I think.. just having more frequent updates would be beneficial, and if more people used the store. GPUC would do really well then.

While I understand your frustrations, hindsight is always 20/20, and if you'd researched Virginia LLC's like many folks did, you'd know it's just a company without investors and can't issues shares or IPO's. Demanding he act like he's a corporation when he's not just because you lacked the competency to research an investment.. is not his fault.

[illiki23]

Facebook IPO investors recently won in court a refund for their IPO investment because Facebook refused to disclose financial information proving they were using the money like they promised they would.

Real IPOs are regulated to protect investors.  Unfortunately GPUCoin held a fake IPO so they think they should not be held accountable to the investors.

I am curious as to the legality of coins these days holding fake IPOs.  IPOs are regulated.  My friend tells me that coin IPOs may be illegal, and we have been arguing about it.

Regardless of legalities, GPUCoin would do a lot better if it was ran by someone more competent in running a business.

I think.. just having more frequent updates would be beneficial, and if more people used the store. GPUC would do really well then.

While I understand your frustrations, hindsight is always 20/20, and if you'd researched Virginia LLC's like many folks did, you'd know it's just a company without investors and can't issues shares or IPO's. Demanding he act like he's a corporation when he's not just because you lacked the competency to research an investment.. is not his fault.

Hey, I am just using the words he used.  I know that legally he cannot hold an IPO,  but since he used the word "IPO" and continues to call us 'investors' I am expecting him to follow the rules set in place that regulate IPOs and protect 'investors'.

This is my opinion, and I do have the right to complain as an 'investor'.

Even if this is not a legal IPO he still has to follow some laws pertaining to the selling of products.  He sold coins us coins based on a number of promises such as spending 100% of the investor's money to purchase a batch of GPUs.  They so far have failed to show this is true.  

[Equate]

Can't wait to buy GPU with Coins

[waltsmith]

Well, it looks like coinwarz.com finally fixed whatever was wrong with their API pull. Even tho they have shown GPUC trading at 2 satoshi for the last several days their history shows nothing of the sort now. Also , there is a lil more buy pressure building up it seems.

As for losing faith, look guys, all alts are trading very low, just wait for bitcoin to bounce and all of a sudden you are sitting on gold.

waltsmith

[madbit1000]

Facebook IPO investors recently won in court a refund for their IPO investment because Facebook refused to disclose financial information proving they were using the money like they promised they would.

Real IPOs are regulated to protect investors.  Unfortunately GPUCoin held a fake IPO so they think they should not be held accountable to the investors.

I am curious as to the legality of coins these days holding fake IPOs.  IPOs are regulated.  My friend tells me that coin IPOs may be illegal, and we have been arguing about it.

Regardless of legalities, GPUCoin would do a lot better if it was ran by someone more competent in running a business.

I think.. just having more frequent updates would be beneficial, and if more people used the store. GPUC would do really well then.

While I understand your frustrations, hindsight is always 20/20, and if you'd researched Virginia LLC's like many folks did, you'd know it's just a company without investors and can't issues shares or IPO's. Demanding he act like he's a corporation when he's not just because you lacked the competency to research an investment.. is not his fault.

Hey, I am just using the words he used.  I know that legally he cannot hold an IPO,  but since he used the word "IPO" and continues to call us 'investors' I am expecting him to follow the rules set in place that regulate IPOs and protect 'investors'.

This is my opinion, and I do have the right to complain as an 'investor'.

Even if this is not a legal IPO he still has to follow some laws pertaining to the selling of products.  He sold coins us coins based on a number of promises such as spending 100% of the investor's money to purchase a batch of GPUs.  They so far have failed to show this is true.  

Maybe give them some time? For all you know, they already ordered the GPUs and are just waiting for them to arrive.

I think you may find that anyone can offer an IPO(initial public offering), but you may need to be registered as an PLC or corporation in the USA, unless the IPO can be regarded as a Private investment. , they as owners(Directors) can offer shares in their company for exchange of capital. Saying that, the legalities regarding crypto's are vague. Bitcoin is regarded as property and not currency, so you have just given the director some of your property and not cash effectively for exchange of more property on a like for like basis. with a similar value at the time of issue. I myself, would have probably worded the initial sale of coins as a private investment and nothing more.

Anyway, its only property.. And if the coin was doing really well on the exchanges, i doubt any one of you would have a single complaint. Anyway, why didnt you do your research first. As every investment requires some degree of research and carries a risk, a risk that you might not get back your initial investment and could end up losing some or all of your initial investment.


Now, none of us want that! Give them time, lets see if they have anything to offer to the development of GPUC.. I would have never gone with LLC myself, but it was not mine or our choice to make. A plc has so many complications for tax purposes. I would have chosen a LTD instead personally.

Think it may be different in the USA as these rules apply for UK residents. I just read that the LLC is the most flexible it seems, maybe equivalent to the LTD standard from the UK. In fact, the LLC maybe a perfect solution. As there is less paperwork compared to UK similar version. that requires all taxes to be reportable to company house and also HMRC. Looks like LLC sits in between sole trader(UK) and LTD company structures.


I am currently going through an investment i purchased some years ago, and waiting on the company to offer shares. As i own private equity in a company in Sweden. Who have just recently become a PLC and will be offering us our shares to trade on the stock market, hopefully before the end of this month. So i have had quite a bit of experience with shares/stock as a private investor.

[vesperwillow]

Hey, I am just using the words he used.  I know that legally he cannot hold an IPO,  but since he used the word "IPO" and continues to call us 'investors' I am expecting him to follow the rules set in place that regulate IPOs and protect 'investors'.

I suppose you can expect him to do that, and you'll continue to be disappointed. How often have you invested in actual business ventures? You don't usually get financial protection.

Even if this is not a legal IPO he still has to follow some laws pertaining to the selling of products.  He sold coins us coins based on a number of promises such as spending 100% of the investor's money to purchase a batch of GPUs.  They so far have failed to show this is true.  

As was pointed out like 200 pages ago, he has fulfilled his obligation to the IPO buyers. They provided BTC for a % of GPUC, and the trade was complete. Beyond that, he has no obligation to anyone. A VA LLC is more empowering to the owner for protection, than the customers. All he has to do is pay his taxes. Unless he fails to provide a GPU when purched with GPUC, he hasn't broken a law. He hasn't skirted laws either, nor does he have to disclose where every penny is going because it's his company, not yours.

He could literally print paper GPUC wallets and use them to wipe his ass, and he would be within his legal right to do so, provided he still shipped the GPUs.

[Kitaj]

New pool at 1% fee

http://gpu.crypto-coinpool.net/

Donation go to Charity

[Ambros]

So we can declare this coin death ?? 1 mining month wasted

[madbit1000]

So we can declare this coin death ?? 1 mining month wasted

Well hopefully, the CEO has something up his sleeve.

[waltsmith]

So we can declare this coin death ?? 1 mining month wasted

Well hopefully, the CEO has something up his sleeve.

Not only that, this coin is the same as any other if you take away the store, are all of them dead?
What is up with all of the gloom and doom talk? It's like everyone is upset that they can't stop going to work because they are running a couple 7950's at the house or something.

waltsmith

[madbit1000]

So we can declare this coin death ?? 1 mining month wasted

Well hopefully, the CEO has something up his sleeve.

Not only that, this coin is the same as any other if you take away the store, are all of them dead?
What is up with all of the gloom and doom talk? It's like everyone is upset that they can't stop going to work because they are running a couple 7950's at the house or something.

waltsmith

People need to learn to accept that they cant get things overnight. Unfortunately thats life. I am fortunate that i don't have to work with or without the miner, its more of a hobby now. I am always active in seeking my next investments or business ventures, regardless of my financial position. I am planning my coin and working on putting my coin together, but it would be good to see cryptos start to move up the ladder again.. waiting on my alpha technologies Asic miner to be delivered, then i will pump and dump some of my coins to buy GPUcoin. So it doesn't matter to me how long this takes i am still going to be here.. unless things change in the mean time..

[nauticatom]

So we can declare this coin death ?? 1 mining month wasted

Well hopefully, the CEO has something up his sleeve.

Not only that, this coin is the same as any other if you take away the store, are all of them dead?
What is up with all of the gloom and doom talk? It's like everyone is upset that they can't stop going to work because they are running a couple 7950's at the house or something.

waltsmith

walt - it would be nice if he actually posted something....... Even me as strong as I have been supporting it, sitting on IPO 2btc + 10 mil mined, im having a tough time. I used to check this thread and the markets 3-4 times a day.... Now im down to checking it every other day.

[bananahunter67]

So we can declare this coin death ?? 1 mining month wasted

Why to declare death?
In the hardest time for all alts when even DOGE is falling we are keeping around 6 satoshi and the price is stable for the last days, also the community is growing.

[kcheel]

So we can declare this coin death ?? 1 mining month wasted

Well hopefully, the CEO has something up his sleeve.

Not only that, this coin is the same as any other if you take away the store, are all of them dead?
What is up with all of the gloom and doom talk? It's like everyone is upset that they can't stop going to work because they are running a couple 7950's at the house or something.

waltsmith

lol...gloom and doom is what comes natural for a lot of people unfortunately.  I am sitting on a bunch of GPUC myself, so would love for it to take off but I am a patient guy. 

[hyeoam]

Charts here: http://crypto-prices.com/GPUC

[jollyriffic]

if everyone were to pull their heads out of their asses on https://www.poloniex.com/exchange/btc_gpuc and some other exchanges. all we would have to do is pull the low sales and stick everything at or above 0.00000016
people have been selling as low as 0.00000003
you're losing a lot of money selling that low.

i did have a sell order in at 16 but just canceled it.
buyers want the best deal they can get, but as a seller you should be trying to get the best deal you can also.
if you need money right away, you can always mine something else in conjunction to this coin.
like right now i'm doing EMC2 as its got a great amount of support and sites that take the coin.

i'd also like to suggest people browse around other coins, find special sites that takes those coins and we can compile a list on google docs, then once we've fixed our buy/sells then hit up those sites and get them to start listing gpuc on their sites also.

while i'm feeling a little shaky about this coin also, you need to remember, even btc took a long time to become valuable.
http://en.wikipedia.org/wiki/History_of_Bitcoin#Prices_and_value_history