Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 341. (Read 421413 times)

Well, the ASIC's that are coming out are to mine Scrypt.  This is Scrypt-N which was made to prevent ASIC mining.  So maybe you can apologize now?  maybe someday there will be an ASIC for Scrypt-N, but not the ones on the way this year,

What time exactly the move? for how long?
It's somewhere there countdown?

Countdown please add to this page...

Suggestions:

1. DON'T RUSH THE RE_LAUNCH!  Take 1 week and get things straight first!
2. Refund all IPO investors and start over with the IPO.  That will instill confidence.
3. Go with Scrypt instead of N-Scrypt. Yeah yeah we know we are all idiots for not being able to get scypt-n working.  Whatever.  I have it working no prob in Windows, but in linux/BAMT it is completely different story.  We understand the 1/2 hash rates.  That's not the complaint.  Things just go a lot smoother with Scrypt.  Not to mention the horror stories people have with destroying their GPUs using N-Scrypt.  Also, who give a shit about Scyrpt ASICs?  They aren't here yet.  Why are we defending against something that doesn't even exist?  Give me a break.

Oh yeah, and the complaints about people renting rigs?  Go complain elsewhere.  You have a rig rented?  Great.  Go mine something else then.  What's the problem?

So the team and I have decided on a March 3rd 23:00 EST re-launch.  This should allow people to set up, and be at a time all across the US that individuals shouldn't be at work/eating/defecating... as previously worried upon by some members of the community.

OK, thanks for clearing that up.. so we have established that its CURRENTLY Asic resistant. So what can makes it Asic proof in the future and if it cant ever be asic proof, then would rhe coin still be called a GPU coin then?? t

Just noticed the new forum, And noticed there is an IPO section only, will there be a password we need to use to gain access.  Lets move on..... Come on GPU coin.. lets rock..

I get about 50% rate difference between Scrypt and Scrypt-N.  Radeon 6970s, undervolted and underclocked.  800mhz/1000mhz gets 465KH/s Scrypt and 225 MH/s Scrypt-N.

From the web
uses Scrypt-Adaptive-Nfactor algorithm and not just the standard scrypt algorithm that makes it ASIC proof and harder to mine

Welcome to GPU Coin Pool! Please make sure to register before the GPU Coin launch and configure your miner

gpu.pool.mn offers:
0% fee
Powerful dedicated server
Friendly support via email, jabber or support forums
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Giveaways - stay tuned!

Join us!

PS: you may download vertminer (that you will use to mine GPU Coins or any other Scrypt-N coins) here:
https://www.dropbox.com/s/5n70hj3izjj64y1/vertminer-0.5.3.zip
See more info at our pools news page http://gpu.pool.mn

Do you realise how DUMB your answer was. They are adding an ASIC device. so why do you assume because its names GPU coin it's only GPUs that can mine this coin. Unless i am missing something here!!

Facebook is called Facebook, but i don't just show my face on it or mooncoins can only be mined on the moon. If that is the case then please accept my apologie. I just thought the idea of this coin was to allow us to purchase GPUs at retail prices.

Hello,
I think this could be a great idea but we are missing something in this IPO. I also invest in the IPO but seems that I will not take any profit from that. With the quantity of coins that will be available from the mining the coin will have a low value.
Who wins with this it's only the coin developers. We need a win-win situation. How we can reach this. The ideia to start a business selling cheap graphics cards is good but the investors needs some returns. My idea is the take the IPO not for the coins but for the company. We have to look to this like shares on the company. Because we are investing for the CEO purchase a large quantity of graphics cards and the selling and the profits only goes to the CEO. You can take 50% or 60% of the company and the IPO is for the 50% or 40%. You need to decide this quantities. But needs to be fair for both parties.
We are investing to start the business with our money so we need some kind of return.
We also can go on with the GPUcoin but this is a different situation because will take long time until the coin reach a stable value.

Think about this, because we have to look at this as a distributed company. Of course the shares owners will contribute to the company because will be the interest of each one of us.

I think this is better than contribute to take only some premined coins. The money will go to the CEO and only the CEO will have the profits of selling graphics cards... The IPO investor will only take worthless coins...


I hope you understood my point of view about it

Because it's SCRYPT-N.  There's currently no ASIC miners that can mine it due to the large system RAM requirements.

Do you realise how DUMB your answer was. They are adding an ASIC device. so why do you assume because its names GPU coin it's only GPUs that can mine this coin. Unless i am missing something here!!

Do you realise how DUMB your answer was. They are adding an ASIC device. so why do you assume because its names GPU coin it's only GPUs that can mine this coin. Unless i am missing something here!!