[GPUC] GPU Coin | Mandatory Wallet Update - page 138.

trademark

legendary

Activity: 1932

Merit: 1003

Quote from: SP4RK7 on March 11, 2014, 12:39:15 PM

Quote from: trademark on March 11, 2014, 12:36:28 PM

Quote from: madbit1000 on March 11, 2014, 12:27:28 PM

Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu per day. Now sell those on the exchange for $4 i just about break even.

Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

cheers

Unlike other coins. GPU pricing sets the price of gpucoin. If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right. He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________" The market will immediately correct itself. That's it. Easy peasy. Man, I wish I was in control of this coin.

The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page.

That shouldn't be fixed. Bad choice if it is. Only top dog IPOs will be able to purchase them then. No one will want to mine it since it's not profitable (yet).

SP4RK7

sr. member

Activity: 294

Merit: 250

Quote from: trademark on March 11, 2014, 12:36:28 PM

Quote from: madbit1000 on March 11, 2014, 12:27:28 PM

Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu per day. Now sell those on the exchange for $4 i just about break even.

Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

cheers

Unlike other coins. GPU pricing sets the price of gpucoin. If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right. He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________" The market will immediately correct itself. That's it. Easy peasy. Man, I wish I was in control of this coin.

The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page.

trademark

legendary

Activity: 1932

Merit: 1003

Quote from: madbit1000 on March 11, 2014, 12:27:28 PM

Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu per day. Now sell those on the exchange for $4 i just about break even.

Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

cheers

Unlike other coins. GPU pricing sets the price of gpucoin. If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right. He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________" The market will immediately correct itself. That's it. Easy peasy. Man, I wish I was in control of this coin.

cryptowest

sr. member

Activity: 437

Merit: 250

Quote from: madbit1000 on March 11, 2014, 12:27:28 PM

Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu per day. Now sell those on the exchange for $4 i just about break even.

Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

cheers

Devs have nothing to do with the high level design decisions, those are from the CEO.

It's a different setup, low block payout with high total coins. You have to consider he is backing the coin with actual merchandise, and even at the current block payout, its still 28 million coins per day being mined.

SP4RK7

sr. member

Activity: 294

Merit: 250

Quote from: madbit1000 on March 11, 2014, 12:27:28 PM

Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu per day. Now sell those on the exchange for $4 i just about break even.

Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

cheers

Your mistake is you are treating this coin like any other where you mine and dump for profit.

If that is what you want you would be better mining DOGE or something else

The price of this coin will rise when the shop front opens then it's up to you whether you dump or use what you have to buy a new gpu

madbit1000

sr. member

Activity: 415

Merit: 250

I suggested the CEO speak to me about an idea i have to boost the coin, but no reply. So i might take up goldcoins offer and suggest that to him instead or i might just start my own business and strike a deal with some asics devices in the UK..

Anyone want to try and setup a decent coin with me and Please only from the UK so i can discuss offline about any proposals. I am from Kent UK.

PM me..

madbit1000

sr. member

Activity: 415

Merit: 250

Who's idea was it to make a coin that has no profit. Dev and CEO you have you thought this through. It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu per day. Now sell those on the exchange for $4 i just about break even.

Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..

cheers

ocminer

legendary

Activity: 2688

Merit: 1240

https://gpu.suprnova.cc

With absolutely 0% Fee
The Day 1 GPU Pool
DDoS Proof
VDIff + Stratum
Look at our "Getting Started" Category on the left to configure/Download your miner

Miners, hop in and spread the hash!

NickPortland

member

Activity: 98

Merit: 10

Are you guys really doing calculations on profit and gpu-acquisition using current abysmail prices?

SP4RK7

sr. member

Activity: 294

Merit: 250

Quote from: vesperwillow on March 11, 2014, 12:10:22 PM

Quote from: SP4RK7 on March 11, 2014, 12:05:45 PM

Quote from: ?? on ??

There goes the hashrate... Coming Soon: Dead coin

Hashrate is still 1.6 GH/s if you take into account that scrypt-n is only giving 50% of mining speeds

Hashrate was 3.5gh for a few days. The ones looking for quick profit have left, so now there's a better picture of the real supporters.

Yes I agree it means people who stick with the mining will receive a lot more coins

0.8 GH/s (1.6GH/s scrypt) is still a pretty healthy hashrate compared to most other coins and far from being dead

yaboymarvo

member

Activity: 84

Merit: 10

Quote from: vesperwillow on March 11, 2014, 12:10:22 PM

Quote from: SP4RK7 on March 11, 2014, 12:05:45 PM

Quote from: ?? on ??

There goes the hashrate... Coming Soon: Dead coin

Hashrate is still 1.6 GH/s if you take into account that scrypt-n is only giving 50% of mining speeds

Hashrate was 3.5gh for a few days. The ones looking for quick profit have left, so now there's a better picture of the real supporters.

This is good,now us who actually care about the future of this coin can get more and the mine and dumpers can goto another coin. Although if the price of this coin shoots up in a few weeks then expect them to come back.

vesperwillow

hero member

Activity: 616

Merit: 500

Quote from: SP4RK7 on March 11, 2014, 12:05:45 PM

Quote from: ?? on ??

There goes the hashrate... Coming Soon: Dead coin

Hashrate is still 1.6 GH/s if you take into account that scrypt-n is only giving 50% of mining speeds

Hashrate was 3.5gh for a few days. The ones looking for quick profit have left, so now there's a better picture of the real supporters.

SP4RK7

sr. member

Activity: 294

Merit: 250

Current price is now 45 satoshi's so a 280x should be around 1.725 million GPUC

trademark

legendary

Activity: 1932

Merit: 1003

Quote from: ?? on ??

There goes the hashrate... Coming Soon: Dead coin

I'm still mining it. Getting a lot more than on launch day. Can't be a dead coin since you can pick up GPU's with it. Not sure why the hashrate is dropping though.

SP4RK7

sr. member

Activity: 294

Merit: 250

Quote from: ?? on ??

There goes the hashrate... Coming Soon: Dead coin

Hashrate is still 1.6 GH/s if you take into account that scrypt-n is only giving 50% of mining speeds

SP4RK7

sr. member

Activity: 294

Merit: 250

Quote from: goodluck0319 on March 11, 2014, 12:01:37 PM

what is sat?

in my state, 0.06 - 0.07 kw/h

I got the gpu ( 2 x 290) 800 kh/s

satoshis

SP4RK7

sr. member

Activity: 294

Merit: 250

So at current price it would take 100 days.

Like I've said before though I'm sure the price is going to go up when the shop front opens and the price of a graphics card in gpuc will come down

If your paying £4 a day for electric It would probably be cheaper to actually buy gpuc at current price

goodluck0319

sr. member

Activity: 420

Merit: 250

what is sat?

in my state, 0.06 - 0.07 kw/h

I got the gpu ( 2 x 290) 800 kh/s

SP4RK7

sr. member

Activity: 294

Merit: 250

Quote from: ?? on ??

Nope - I cant see the profit.

Your numbers are way out.

At current price of 30 sat it would cost 2.3 million gpuc for a 280x

using your 2x290 you should be getting about 800k/hash which at current difficulty is about 23,000 gpuc a day

You seem to pay a lot for electric as well are you South UK?

goodluck0319

sr. member

Activity: 420

Merit: 250

I also have 2 x 290 (non x) . it tell me 2.5 month in order to get 280 or almost 1 month to get 270 (x)?

Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 138. (Read 421398 times)