Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 17. (Read 421398 times)

GPU Coin LLC now has no money and owes the bank $1500(should have never signed up for the business credit card).  I originally bought the R9 280X cards for $472 each from a distributor since they were the only people who had any stock of any graphics cards, most likely due to their over inflated prices.  The 270 and 240 were also bought at slightly above market value at the time.  Shipping charges (including materials) averaged $27 for each item sent due to many international orders.  I was selling at a loss thinking that the pre-mined GPUC and the inherent quality that most crypto coins are deflationary would make losses much smaller or negate them entirely.  Then all the gpu prices across the web came crashing down and BTC dropped down real low effectively snubbing the market.  The 8 way splitter I hired a company through e-lance to create cost me $4500 and it still has another 2 months of development before the milestone for delivery is completed.  There were also various lawyer fees and legal documents I had to pay for just to set up the business end.  The grand sum of the endeavour that I now have the 2 R9 270s and 20 R7 240 cards that I saved for the signature contest which I still need to front money to ship and now hundreds of millions of GPUC that there is no way of cashing to buy more stock.  My private mining rigs have been churning away at other coins and dumping BTC to the Mintpal vote in hopes that this business venture could be saved, but with a lack of funds and essentially no stock, there seems like nothing I can think of to bolster this coin.

If there is anyone in the community that can think of anything that may help this coin, please come forth and share.  I currently work two full time jobs to cover my sisters rent and my own so she doesn't have to worry about any more shootings, so my free time is limited, but PM me and I'll try my best to fix this situation.

Doesn't matter if there are multi-algo asics. There will be coins that they can't mine and trying to develop a new asic every time a new algo comes out would be an exercise in futility not to mention very expensive.

Results from the signature contest:

https://bitcointalksearch.org/topic/m.6479437
(I am the winner of the first prize  )

Let's hope Jaymes will honour these!!!

Jaymes:

If GPUCoin was not an intentional scam but rather became overwhelming to you:

The only way to effectively overcome fear is to approach rather than avoid. 

It gets easier when you begin approaching things, although it can be uncomfortable at first.

I have my toxic still on sale at ebay.

(and I really hope it is not used as the box was not sealed and clearly had been opened.)

If it does not sell I can 'maybe' sell it for GPUCoin, depending on how serious the community is to fix this coin.

Everyday i read this topic, just want know how low it can be,haha.

Can it be mined on a computer or GPU? Then ASIC can mine it, it just has to be designed.

Like I said, there's 2 companies working on multi-algo ASIC right now, implementing all currently-used mining algos.

And my game-over comment was for LTC miners, as I predict most of the heavy machines will go to that.

I don't think so for a variety of reasons the biggest being there will other coins that asics will not be able to mine. X11 and hefty just to name 2.

Hi everyone,

I'm here to say i just received a radeon r9 270 that i won in the last contest, on march 31. With all those bad news, i wasn't expecting to receive it.

Took awhile because im in brazil, also i had to pay around 200us$ in taxes, but i'm glad he sent my prize.

good look for everyone that are still waiting shipments

Yeah FlowerTech, I wouldn't trust. My focus is on KNC for absolute speed and efficiency. Their first batch of scrypt should deliver around 2-3PH, the majority I'm betting will hit litecoin. There are others delivering right now, but when KNC hits--if they deliver like before--it's going to be game over for the majority of home miners.

I know there are Scrypt-N specific ASIC in the works, and I know there are multi-algo ASIC in the works. Regarding the specs of Scypt-N, who knows, but hella more than most people think. If you consider 300-500MH is going to be entry level Scrypt for KNC, just figure 150-250.

So - guess the DEV is dead - but we could revive this coin by privately selling hardware with GPUC - i got (all used) 3 290 reference design, 6 270x (3 his iceQ, 3 sapphire dual-x) and 3 750ti (with 1 6 pin) in Germany (so EU buyers only)- if anyone is interested - pm me.

Working with the current Poloniex rate vs btc into usd - we could just all use straight btc though but hey, that would be boring xD

oh  i know , thank you

Flower Tech is an empty box that will disappear before shipping
http://www.reddit.com/r/litecoinmining/comments/1y9hbc/brock_flower_technology_scam/
The point of Scrypt N is that every year the factor will become bigger, so if an ASIC has been developed for a specific factor, then it doesn't work anymore.

LOL, POS coins have a 30 days life expectancy
At that point, just let it die 

if it possible to make this coin to POS  n revive the coin?

But will do Scrypt-N very slowly and cost a fortune most likely.  Stats??

Doesn't look like its going to take that long.  Lastest update from Flower Tech is their upcoming ASICs will also do Scrypt N.

Go Vote...it's one of our last options...

https://www.mintpal.com/voting - 15 place. vote pls!

Meh.. not about the lost BTC on my side, but i did put effort into making this coin..

So I'll keep it alive on the technical side.  And try to do some juxtaposition with some of the newer projects i'm working on.  I don't have a commitment level higher than that of "hobby level" though..

If someone else wants to make a new thread at least with updated info, that would be cool.