[GPUC] GPU Coin | Mandatory Wallet Update

[micryon]

Yeah, I'm of the opinion that 100 is way to extreme a reduction for a coin that has a billion coins in existence, maybe just bring forward the original reduction halving to 10,000 to a block number two weeks from now and then increase block time to a greater amount like say 2.5 minutes. If you reduce the reward to 100 its the same as saying the coin is now premined by like 30% or whatever, haven't done the math but you get me. That will truly be the death of the coin.

If we could get new graphics in the wallet, a link to the store, a slogan or some such on the overview page, maybe an active API pull for all active exchanges, a new wallet version would let new exchanges be added, no hardfork required.

waltsmith

I agree with Walt.  Halving it would be plenty.

On another topic, today I received the R7 240 I ordered last friday, so quick shipping. 

Ok Jaymes also recommended halving... so RFC would be to update to 10k (basically move halving up a few months)

[Equate]

Yeah, halving is good, but reducing the reward to 100 would kill the coin.

right reward reducing doesn't help to rise the coin.

[jimlite]

Yeah, I'm of the opinion that 100 is way to extreme a reduction for a coin that has a billion coins in existence, maybe just bring forward the original reduction halving to 10,000 to a block number two weeks from now and then increase block time to a greater amount like say 2.5 minutes. If you reduce the reward to 100 its the same as saying the coin is now premined by like 30% or whatever, haven't done the math but you get me. That will truly be the death of the coin.

If we could get new graphics in the wallet, a link to the store, a slogan or some such on the overview page, maybe an active API pull for all active exchanges, a new wallet version would let new exchanges be added, no hardfork required.

waltsmith

True, 100 is way too low. Do that and miners will leave.

AGREE WITH WALTSMITH and have been saying this since DAY 1. I am a miner and 20,000/block must be decreased, but NOT to 100, that is too extreme. I proposed the initial halving to 10,000/block should be done quickly, then halving at a more rapid schedule than planned.  NO need to go right to 100/block, 10,000 is the logical number, first halving, and will not piss miners or others yelling pre-mine off. I will continue to mine at 10,000/block, but not at 100/block. Also, anyone with a lot of coins now would be able to buy GPUs REAL cheap if you went to 100/block, think about it. Yeah, I'll take 100 280x's with my coins before the coin dies, lol. Keep it fair and sane for the longevity of the coin, 10,000/block, with 5,000/block at a reasonable next timeframe for halving.

[huhliki.k]

Кoгдa бyдeт иcпpaвить https://gpucoinstore.com/store/product.php?productID=1 GIGABYTE Radeon R 280x нa Sapphire Radeon R9 280X . Имeннo этa нeтoчнocть oттaлкивaeт пoкyпaтeлeй!

[vesperwillow]

So, devil's advocate here, you lower the reward and cause synthetic inflation of value. What happens a week later when people trade it back down to where it's at now?

Now you're making even fewer coins for the same value, resulting in higher overhead for miners, and longer time to buy a card.

[Counterpartybtc]

that is correct - but plan on a rise in value, im sure people want to be able to get a card without having to buy a ton of GPUc... im tweeting it out shortly.

[vesperwillow]

Hope isn't a plan though. What tangible reason would there be for increased value? I'm basing my viewpoint on several other coins, which did the same thing you guys are proposing, and they're now in the toilets.

The supply of GPUs is there. The supply of GPUC is there. There's no demand to buy GPUC from fiat to get the GPUs (aka, non-gpuc-miners). There is a demand for the gpuc-miners to get the GPUs but they can't because it'll take more to mine than to simply buy with BTC.

Lowering block value hurts the people you're trying to help. It doesn't affect folks who would just buy from fiat.

[illiki23]

Hope isn't a plan though. What tangible reason would there be for increased value? I'm basing my viewpoint on several other coins, which did the same thing you guys are proposing, and they're now in the toilets.

The supply of GPUs is there. The supply of GPUC is there. There's no demand to buy GPUC from fiat to get the GPUs (aka, non-gpuc-miners). There is a demand for the gpuc-miners to get the GPUs but they can't because it'll take more to mine than to simply buy with BTC.

Lowering block value hurts the people you're trying to help. It doesn't affect folks who would just buy from fiat.

I agree.

This coin is not doing well because the business is ran incompetently.  Either that or the owner just does not care about the value of GPUCoin as long as he gets sales.

People have vocally expressed problems that need to be addressed with the business.  These are things that are seriously crippling the business.  The owner does not listen.  Either he is arrogant or just does not care.

For example, despite the community practically unanimously agreeing that the GPUCoin store needed a link to an information page describing how people obtain the coins there remains no page.

Despite the strong vocal expression by the community that they want more updates, there remains very few updates.  It took days after the sale, while people actively expressed concern, for an update to be posted with regards to the restocking of the store.

There remains very little attempt to market the store or the coin.

[waldistons]

I have said this many times, i will say again. The wallets need an auto update feature so that people don't get on the wrong fork. Does anyone know who creates the wallets, i will get in touch with them directly and let them know.

Everyone is creating wallets!!! Oh, I forgot - they mostly just change XXXcoin to YYYcoin in source and recompile wallet

[kahir]

still no one answers that questions couple of pages ago ....

how does this work ... if someone pay u GPUC how they get more GPU to sell us ...


SELL GPUC >>BTC ...... Sell BTC>>USD  .....BUY USD >NEW CARD


... so infact to get more GPU they gotta DUMP  coins

[waldistons]

Кoгдa бyдeт иcпpaвить https://gpucoinstore.com/store/product.php?productID=1 GIGABYTE Radeon R 280x нa Sapphire Radeon R9 280X . Имeннo этa нeтoчнocть oттaлкивaeт пoкyпaтeлeй!

This guy is asking when it will be fixed GIGABYTE Radeon R 280x to Sapphire Radeon R9 280X in store? He thinks that this scares potential buyers.

Just though translating it would be useful as I assume that not many people here understands Russian. Of course, there is always google translate



I also vote for block 65535 (UINT_16_MAX is a nice number ) to fork, and agree to halving rewards on that block.
for GPUC we need something like bitbargain.co.uk where people can buy bitcoins with fiat (that's how I get my bitcoins ). I think that someone who's buying a lot of GPUC in exchanges could agree to do it. Also, hopefully I have enough time to make tutorial on how to start mining GPUC

P.S. I'm still mining 24/7 on my laptop with ~16 KH/s, it's been like that since beginning of GPUC and guess what - laptop haven't burned yet! (so "fuck you" to all who said that scrypt-n kills laptops ) Of course, when I'm not using it, I'm putting laptop a little bit over table to keep it cool, and it runs at about 73 degrees Celsium then.

[vesperwillow]

People have vocally expressed problems that need to be addressed with the business.  These are things that are seriously crippling the business.  The owner does not listen.  Either he is arrogant or just does not care.

For example, despite the community practically unanimously agreeing that the GPUCoin store needed a link to an information page describing how people obtain the coins there remains no page.

Despite the strong vocal expression by the community that they want more updates, there remains very few updates.  It took days after the sale, while people actively expressed concern, for an update to be posted with regards to the restocking of the store.

There remains very little attempt to market the store or the coin.

Lots of truth here.

I believe in all honesty, we are seeing GPUC's true "floor" right now. It was suggested early on that the first few rounds of sales be priced at a slight loss to the company, which would've helped bolster and stabilize the price.

[Psynthax]

I see this coin is now on "life support" and if I am to speculate, by the end of the month it will be dead (if not before)

It is fascinating how people are delusional about this coin, hoping to make millions.. I feel sorry for people that invested in this crap..

[micryon]

Can't really speak for any of the other issues... and I agree there are many other factors to the success of this coin (or impedes it).  

But for the coin code which I'm responsible for, it seems like we've reached consensus on:

  - 1) OpenSSL fix
  - 2) KGW timewarp fix
  - 3) Blocking Halving starts on earlier schedule at Block 65535  ( in 2 weeks )

Hard fork must be updated by all clients (pools, exchanges, users) in 2 weeks.

I'll whip up the changes tonight and release.. but I will need someone's help to contact all exchange/pool owners to drive updates.


The good news is , this is happening for almost every coin right now (at least those ones who still have dev support).. so it's not something unique to us.  Everyone has to update due to the security issues.

[waltsmith]

You know guys, it not just the block reward but how often it is rewarded, increasing the reward time to 2.5 minutes will automatically over double the difficulty, which in turn will increase perceived value by the common miner. It will also increase the longevity of the coin, which is what a true business oriented coin should be most concerned with. Also, the mine-n-dumpers will get that many fewer coins allowing buy pressure to build.

Any other ideas for the wallet update? Don't want to overburden Micryon but this is a rare opportunity for some innovative changes that will help bring some interest from the overall mining community. The KGW hardfork update patch could actually be a godsend for the coin if implemented correctly. If the block reward halving schedule were panned out to a longer time period, for instance, the initial halving to 10,000 in a couple weeks, the next one in a year, with a lesser reduction say to 7,500 coins, and so on, the total coin generation should be able to be maintained and thereby keep the pre-mine at the current level that everyone has already had time to complain about and get used to without reopening that can of worms.

Shouldn't be too hard to add another tab to the GUI, right? On it you could have various exchange links where the coin is traded along with API pulls for price. Also, links to the main forum and the store, maybe with a pull there for current stock and prices. On the overview tab, you could put the coins emblem with "THE COIN WITH A PURPOSE" over the top of the emblem and "THE COIN WITH A STORE" under it. maybe also mention in the wallet somewhere that it is scrypt-n minable, cutting down on newb confusion level. Always a good thing there.

C'mon guys, pull together here and we can get this done right! I know y'all are full of great ideas and opinions lets get this thread kicking again! Keep voting on mintpal and buying coin with your sells from other coins you mine, we can get interest up without big money. Just be innovative and persistent!

waltsmith

[djm34]

Hope isn't a plan though. What tangible reason would there be for increased value? I'm basing my viewpoint on several other coins, which did the same thing you guys are proposing, and they're now in the toilets.

The supply of GPUs is there. The supply of GPUC is there. There's no demand to buy GPUC from fiat to get the GPUs (aka, non-gpuc-miners). There is a demand for the gpuc-miners to get the GPUs but they can't because it'll take more to mine than to simply buy with BTC.

Lowering block value hurts the people you're trying to help. It doesn't affect folks who would just buy from fiat.

+1
If you want to get more people to mine, increase the reward make it more attractive to those who want them....
But it seems you don't really care that people mine it or not (always like that until it becomes difficult to sync the wallet),
you just want your coin more pricey...

Decreasing the reward hoping it will increase the value of the coin is totally artificial... why anybody would buy that ?

[SpeedDemon13]

GPU Sale!
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.

Contests:
Five Free Graphics Cards
https://asktom.cf/index.php?topic=550206.0

Previous Winners:
jimlite: free Sapphire Toxic R9 280X
magalhanze: free Gigabyte R9 270

Goals:
Wholesale GPU Purchases:
We currently have access to distributor prices, but wish to provide further savings to our customers. We are currently applying for wholesale of the following companies: MSI, XFX, Sapphire Tech, ASUS and GIGABYTE. After contacting a few companies we have found the wholesale market to be extremely monopolized, and a few said they would not accept new business accounts. To get access we need to provide the manufacturers proof of a certain amount of monthly sales; so if you stick by us, we'll be able to provide even higher savings directly to you.

When is the drawing for the R7 240? I ordered one and just want to make sure I'm entered.

Received my AMD Radeon R7 240 today.

Thank you

[jollyriffic]

Can't really speak for any of the other issues... and I agree there are many other factors to the success of this coin (or impedes it).  

But for the coin code which I'm responsible for, it seems like we've reached consensus on:

  - 1) OpenSSL fix
  - 2) KGW timewarp fix
  - 3) Blocking Halving starts on earlier schedule at Block 65535  ( in 2 weeks )

Hard fork must be updated by all clients (pools, exchanges, users) in 2 weeks.

I'll whip up the changes tonight and release.. but I will need someone's help to contact all exchange/pool owners to drive updates.


The good news is , this is happening for almost every coin right now (at least those ones who still have dev support).. so it's not something unique to us.  Everyone has to update due to the security issues.

Could you add into the new wallet, an update system where any additional features to the wallet could simply be auto updated.
sort of like a plugin adder but is directly controlled by you so that if we request new wallet features they can be added in.
everyone has the same identical wallet for all coins, this one new feature would start a huge amount of buzz
once its added you could add tabs for exchanges, current sale/buy prices, store links, contests with their link to different forums..
also any pool that doesn't update to the new wallet wouldnt be listed till they confirm they are on the new wallet.

[forceuser]

I see this coin is now on "life support" and if I am to speculate, by the end of the month it will be dead (if not before)

It is fascinating how people are delusional about this coin, hoping to make millions.. I feel sorry for people that invested in this crap..

He saw the dead of a coin
For those who have lost all people feel sad
Good luck

[forceuser]

Can't really speak for any of the other issues... and I agree there are many other factors to the success of this coin (or impedes it).  

But for the coin code which I'm responsible for, it seems like we've reached consensus on:

  - 1) OpenSSL fix
  - 2) KGW timewarp fix
  - 3) Blocking Halving starts on earlier schedule at Block 65535  ( in 2 weeks )

Hard fork must be updated by all clients (pools, exchanges, users) in 2 weeks.

I'll whip up the changes tonight and release.. but I will need someone's help to contact all exchange/pool owners to drive updates.


The good news is , this is happening for almost every coin right now (at least those ones who still have dev support).. so it's not something unique to us.  Everyone has to update due to the security issues.

Could you add into the new wallet, an update system where any additional features to the wallet could simply be auto updated.
sort of like a plugin adder but is directly controlled by you so that if we request new wallet features they can be added in.
everyone has the same identical wallet for all coins, this one new feature would start a huge amount of buzz
once its added you could add tabs for exchanges, current sale/buy prices, store links, contests with their link to different forums..
also any pool that doesn't update to the new wallet wouldnt be listed till they confirm they are on the new wallet.

In the study of GPU?
It may be dying
Try to change the silver play