Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 157. (Read 421398 times)

Precisely. Ultimately defeating the purpose of GPUCoin. Until ScryptN comes along in ASIC form later this year. Well wait, that would defeat the purpose as well. (see how that works?)

I'd wager I'm one of the few here with more than average ScryptN hash ability, and if you do the math like I have, what benefit for me is there to mine GPUC to buy GPUs, when I can get them for 20% below MSRP shipped next day air, with no quantity limits, using BTC?

Which is why I said, it would demand GPUC be worth a bunch, far more than the IPO value. I'm not saying it's impossible or won't become that valuable, just throwing out some real-life math for folks who maybe haven't considered it.

And if the talk of an IPO regretting refund is referring to me, I have no regrets, just like none of the other refunded former IPO purchasers. i think there were 10 of us. I bailed because I lacked faith in the owner's capability to run a business, nothing more nothing less. Others bailed for various reasons. I only bought IPO to resell it, just like is being done by some others who hold IPO right now.

I absolutely love the idea of the business model, but the lacking availability of the cards will do it in. Just a prediction. I still hope it the best, as the owner can attest, I wished him all the best.

It looks like they never found a block. So there's nothing to payout.

You have had nearly 12 years to adjust your situation, at the very least get off XP before you get hacked and robbed.  Install Ubuntu 13 it will support everything including unlimited graphic devices.

when does maxpool.in payout?

Around $40,000 in BTC for the IPO. That was when the BTC price was under $600. BTC has increased in value sense then.


$40,000 / 325,000,000 + expected mined coins total(short term)  = ____ est. value per coin

It's perfectly normal with p2pool, doa rate on the node is low (<5%), your mining hashrate is as usual isn't it? It happens every time a share is found and encoded to the sharechain not for every block.

And when the price is so hight that it would become profitable to mine them for GPU, I could simply cashout and buy a stack of ASICs to mine litecoin or one of the 1000 altcoins, lowering my electricity cost by factor of 10...

30MH/s so it is more than 60gpu's. I think he is the guy we should contact to get cheap gpu's. 

+1.  I was able to scoop up an additional 130K due to refunds.

Yeah, the guy regrets getting a refund. Thanks for the extra shares.

I know why it happens, I just can't believe that blocks are being found that fast on the network!  Could also be a bad ping rate.  Will try different node.

Maybe because the reason they have 30MH's rig in the first place is that they have always reinvested profits back into there mining set up.

GPUC gives them an easier/cheaper way of doing it, so that next time they will have a 40MH's rig

Is anyone else having problems with the wallet on XP?

Running the client does not generate anything in the AppData folder.

It gives the genesis block error.

Tried quitting and opening again.

I love the fact that former IPO investors are telling us how the coin is going to fail and trying to convince everybody it's worthless. It's like getting dating advice from an ex-girlfriend  

You bring up a good point about the power costs. Actually, I had totally forgotten about the power cost to be honest. So let's toss out some data. I can personally ScryptN at around 10Mh, and it will use 7,000w/hr. If I mine for 24 hours, that's 168Kwh. If my Kwh cost is 0.11/usd, then my mining cost was around $18.50 for a day.

Speculation:

Let's say it takes 7 days to mine enough GPUC for a 270 series card. I spent $130 to pay for the electric. How much is GPUC worth at that point? The longer I have to mine for a card, the less perceived market value the coin may have based on electrical costs, because at some point electric will cost more than just buying the card outright.

Perspective:

I can get MSI R9 270's on Amazon for $150 fiat (last week's order).

This would demand GPUC be worth much, much more than it is now.

Anyone else here mining at leetpools? I've had no confirmed or unconfirmed shares for almost 6 hours. No deposits to my wallets either. Something ain't right.

what I find good with this coin is that it makes other coins easier to mine since now all the whales are coming here

me too why?

No, I am trying to ask who they think will buy all the GPUs and why the top miners, these with huge rigs (30+ mH on scrypt-n) mining, wouldn't dump them to get BTC instead of actually buying GPUs

Getting a lot of "Stratum from pool 0 request work restart" from the pool.