Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 256. (Read 421421 times)

I am asking: "how long can I wait until I have to request a refund"

The point I am making is that since the refunds are already guaranteed, is there anything stopping me from waiting until after the next relaunch to request my refund?

You can demand it right away. He stated very clearly that if the coin fails to launch (the first time), you could ask for refunds. He then stated without a shadow of a doubt HERE that if the 2nd launch failed on 03 March, you would get refunds.

In my sig is a thread where I'm trying to coordinate all of the IPO's together. Please ask him for a refund, and post up in my thread that you have done so.

I am just curious - legally, how long can I wait before I am required to file for my refund?

I am assuming it does not matter if the next relaunch is in an hour or a week, the owner has already guaranteed refunds if the second launch fails.  

I am assuming I have some time in order to request the refund, even if it is after Sunday when the relaunch occurs.

Pastet89 I think the algo needs to be keccak.  Lower power, easier on gpus.  And give a fair mining speed to nvidia gpus which as this is gpucoin I do think that should be taken into account

Ohhh okay, I thought it was really odd that I only made 40k coins last night (2nd lanuch). I didn't even know about the other behind-the-scenes fubar launches lol. Alright that clears up about everything I think I care to know about this coin anymore. Maybe by the 9th I'll be ready to try again, maybe not.

For the love of God, next time, can we not put the password buried on page 112 or 196 or 247 so only the 10 people on that page can open the wallets. Updating the OP with the password at launch time would be a genius idea lol. /end rant

No, and if it were to go forward, not with the people presently involved. This includes their business frontend. Their demonstrated lack of business acumen and competency provides 0% of trust in their capability to be self sustaining.


That's "Hell no" for $500 Alex.


Not knowing your backgrounds I can't give a solid yes or no, except to say that you both demonstrate greater technical capability and have more depth of understanding in how to handle situations like this. I would voice support for you if folks voted for you.


TLDR; Algo can be whatever, people will complain because they want easy money, they want the playing field to be fair (despite life not being fair, and despite the fact some people have farms and some people have 1 GPU). I personally believe Scrypt would be excellent because it's easy to stand up, well known, and it was the first major alt-coin gpu algo. No need to worry about ASICs, that's such an immature fear. They are coming for ScryptN as well people.

Long version: People went batshit about the algo for no reason. A lot of the folks I've seen complaining about Scrypt have fairly new accounts on the forum, and/or demonstrate very little understanding of mining or the technical aspects of coins in general. I would wager 8/10 folks complaining about it, have absolutely no idea what they're talking about. Some do understand it, but not most. ScryptN is not ASIC proof, it is resistant, just like Scrypt was resistant.

The most profitable and long-term altcoins, which have been around for ages, are using Scrypt. Despite newer algos, there's no immediate shift for them to switch. Why? Because they are established, their value isn't based on how fast it can be mined and dumped. ASIC coming to them are a good thing, because it build up the community, it secures the chain, and it gets more value due to the companies standing up around it.

ScryptN is coming to ASICs, they're already being designed. You can come up with a great puzzle, and someone will always find a way around it.

Lots of people complained because they were upset their 1 GPU would get tramped by farms. You realize that's how it works right? You won't lose out, you still get paid for your work. If you want to be in the big boy games, you play hard. You reinvest your coins and get more equipment. I started out with a GPU which mined at 40kh/s, and now I have a small growing farm.

Those are my thoughts, however, I will likely not support this coin/venture any further, aside from getting my refund. I have tried to help people, and led them to the water. The masses have decided their own fate.

Seriously what kind of trust can we get in this coin (and those behind it), if someone in the team steels 400M even before launch ?!

3rd launch was promised in 1 hour.  Then pushed back another 30 minutes, then, if I remember correctly, another 30 minutes.   Then they gave up giving us an ETA at all.  Other than the 10 minutes guys, 5 minutes, just a little while longer, hold your nuggets, and just a minute.

You did, at some point it was claimed that the genesis block was just 20k instead of 400m, I'm not sure if this was the 5th launch actually. And somewhere in between the 3rd and the 5th launch potatocoin was born  

First Launch...
Everything set up proper, launch on time... then Fork... Dev was MIA... CEO couldn't right the ship.  Called the coin, promised relaunch in 24  hours.

2nd Launch...
New dev team copied panda and renamed it GPUC... it launched semi successfully, but the block reward values were never changed to 20k / block (which is what the coin and IPO were based off of).  CEO called the coin, promised relaunch in hours.

3rd Launch (attempt)...
Long time mining genesis block, addnodes were compromised had to be reset up.  In doing so they sent the wallet to a few people who were "trusted" and they started mining... had to scrap it to relaunch.

4th Launch (attempt)...
New genesis block and addnodes now working, mining for IPO / premine 1st block of 400M GPUC was orphaned and they couldn't tell who got the block... (someone with a working wallet stole it)... had to scrap this launch attempt.

5th Launch coming Sunday March 9th.

Did I miss anything?

cryptowest said that ceo offer him a 0.2 btc for his job : D

The block rewards (the coins per block) were all wrong.

Anyone like to explain to a coin noob in plain terms exactly why the (re?)launch failed? It looked okay to me, we were mining coins right? I know it's kinda dumb, but I am missing something...

After all of us are tired and sick of this day or night (depending on his timezone), I think we need to sit down, calm, try not to be mad and as a community vote for the future or death of this project.
I am going to share with you my opinion and suggestions, would like to hear community opinions as well and I am not forcing anyone to be tied to my statements or back them.

1. First, while the reputation of this coin is already harmed to a severe level, my opnion still is, that behind that project we still have an innovative and promising business model, maybe the first one to keep one alt coins price alive, due to the simple fact that the coins purpose will not be only they to be mined and dumped (soon or later), but USED for something! Secondly, from what I hear from other folks as a behavior pattern from the CEO and my own impression with him, I can conclude that he is NOT a scammer. What we faced here was just not a polite, nervous, and incompetent way of trying to get launching the coin, mainly due to technical incompetence of the devs, nervousness spread all around and lack of solid planning, organisation and communication. While at least for me these problematic points seem easier to get fixed, I still believe we can start from the begning, IF the community have not lost confidence in the project entirely. Me myself also went mad at some point and maybe tought and said wrong things, however, after being away for a few hours, on a fresh mind I can see things more positive now.

What is your opinon - should this project go further or not?

2. Secondly, cryptowest, as some guy already mentioned, is in my opinion nothing but a teenager smoking pot, or even worse, adult, behaving like teenager, and believeing he is some "professional developer", which is even worse scenario! And yes, cryptowest, I am ready to tell you directly this if I meet you once! You made the highest anti-advertisment this night/day as proofing you are an unique hybrid of incompetent programmer and rude guy with terrible communication skills as well.

What is your opinon - should cryptowest continue working on the project or not?

3. Third, my opinion is, that micryon is an extremely nice and humble guy. My experience in life, however, also points that in most cases people who are not claiming to know everything in most cases turn out to be more competitive than the haughty ones like cryptowest, advertising to everyone their "professional coin development service", and finally showing that they can not do anything but a total mess. Do you guys realise that they have even not changed the block reward when forking panda ?? Well, I was also silent till now as I do not accept myself a specialist in the specific area of programming altcoins. However, while being an IT professional for years and runnning my own IT company, after what I saw, I really think that I can hardly get it worse than cryptowest. So I am going to suggest to prepare the next launch of the coin but *ONLY* if I do it together with micryon. I believe both of us can do the job well. I am not trying to promote myself as a developer and I do not care if the CEO and community will approve us to take this project. I am just amazed and desparate from what I saw so far and I really want to give it a try myself because, as I said, I hardly believe I can do it that bad. However, if I do it, I would require from the CEO a systematic, NON-RUSHING, planned and calmed down timeline, say, if needed, one week, but with lots of testing, providing finally a smooth launch.


What is your opinon - should micryon and me replace cryptowest and try to get this coin finally working or no? Please, opinion of both community and CEO needed here!

4. Forth, if you agree on going further with this coin and still want a relaunch, regardless if you trust and choose me as a developer or not, what is your opinion on the algo of the coin? I can see a lot of folks complaining about the scrypt-n, and some reporting burnt GPUs. We still have alternatives, as pure scrypt, scrypt-jane, Keccak, quark (note, the last two are actually not fully asic resistant!). I would personally go with pure scrypt or scrypt-jane. At the end, if so much guys are having troubles setting their rigs to mine that (please, read few pages back, one guy even corrupted his PC when he started the rigs with scrypt-n!!!), I think it would be a nice idea the CEO to submit a new poll regarding the algo.

Please, all of you guys, read carefuly, think, vote and write in the thread, and let the CEO decide what course he should take. And once again, think fresh, not tillted! You know what they say - the morning is wiser than the evening. Forcing the N-th failed launch with a total lack of communication during night time for devs (and american folks) was extremely wrong decision at least IMO and it logicaly didn't ended with anything good.

LLC's in Virginia can't have shareholders or issue shares.


I've been here since the first page of the thread. I'm very well aware of what's going on. I was also the first one to warn people not to waste their time because I called the launch a failure prior to launch, due to what I knew the developer and owner were doing behind the scenes.


As stated, everyone received different addresses. If you trace the addresses given, you'll find all the money gets tumbled into larger wallets, and it got moved again after the failed launch lastnight. A question would be, why is it being moved?

That was painful. So f'ing tired at work today and nothing to show for it.

Everyone who invested in the IPO was given a different address to send too

I have given up on my .2 BTC.  Going to call it a learning experience.  IN reality even if they do get this coin going, all the IPO will dump to get their investment back and then hightale it outta here.  No coin today succeeds without strong community support, and there is none here.

my 2 cents

What was the original BTC address for the IPO?

Hey folks,

I've switched https://gpu.suprnova.cc to Vertcoin for now, I've purged all the Panda's before to the saved address, msg me if you still miss something with your username, mailaddress and the amount, i've got a backup and will look if there is anything left for you.

I'll be watching this thread and if there comes a relaunch, I'll decide whether Suprnova will be part of it or not .. in the meanwhile I think we/you're really better of with Vertcoin as the price is rising and diff is quite stable.