[GPUC] GPU Coin | Mandatory Wallet Update - page 417.

vesperwillow

hero member

Activity: 616

Merit: 500

Quote from: micryon on March 01, 2014, 11:05:54 PM

Quote from: vesperwillow on March 01, 2014, 11:03:50 PM

I'm an IPO myself, and know the coin would work fine with Scrypt. Like many other coins. Litecoin sound familiar?

Should work fine with just scrypt. This is a coin based on a business model difference, not a technological superiority.. in that sense the algo can be anything and still achieve the same effect. Look at auroracoin..

^-- this guy gets it. I said the same thing to GPU Coin.

micryon

full member

Activity: 154

Merit: 100

Quote from: vesperwillow on March 01, 2014, 11:03:50 PM

I'm an IPO myself, and know the coin would work fine with Scrypt. Like many other coins. Litecoin sound familiar?

Should work fine with just scrypt. This is a coin based on a business model difference, not a technological superiority.. in that sense the algo can be anything and still achieve the same effect. Look at auroracoin..

Joxer_LOA

newbie

Activity: 4

Merit: 0

FWIW, theres already a version of BAMT out that supports BOTH Scrypt and Scrypt-N. I use it 24x7 with 99% uptime. All you do is change a config to switch between miners.

http://www.reddit.com/r/BAMT/comments/1ylhhy/release_vertcoin_bamt/

GPU Coin

member

Activity: 84

Merit: 10

Just allocated an additional 75,000,000 from the development fund to the IPO.

vesperwillow

hero member

Activity: 616

Merit: 500

I'm an IPO myself, and know the coin would work fine with Scrypt. Like many other coins. Litecoin sound familiar?

lottohasher

newbie

Activity: 56

Merit: 0

I think you have made the right choice to preserve the longevity of this coin. Imo people who don't want to setup scrypt-n are just the lazy type and looking for a quick pump and dump. We as a community and IPO holders want this coin to soar. I support this dev team and the work they have done up to this point looking out for the best interest of this coin.

Cheers

vesperwillow

hero member

Activity: 616

Merit: 500

The point of releasing the source code to pools is so they're ready to roll. Holding the passwords would prevent that. The other points about forking are also valid, but remember guys, you chose ScryptN. Very few farms out there with it right? Roll Eyes

waltsmith

full member

Activity: 196

Merit: 100

Just a heads up. Giving pools code b4 time not only means that no one can solo. It's also a guarantee of a fork fest. Been plenty of promising new altcoins coins ruined lately by doing that shit. You should release source code password 5 minutes AFTER regular QT if anything.

waltsmith

micryon

full member

Activity: 154

Merit: 100

Quote from: 24Kilo on March 01, 2014, 10:50:55 PM

Quote from: GPU Coin on March 01, 2014, 10:38:35 PM

All the pool owners, please PM me so that I can give you a 20 minute head start to set up the pools to be available the second the coin drops.

What is this... a license to pre-mine?

Probably a good idea to make initial block rewards 0, or something small.... that'll give everyone a fair chance. Simple if statement in GetBlockValue can do wonders..

24Kilo

sr. member

Activity: 672

Merit: 250

Quote from: GPU Coin on March 01, 2014, 10:38:35 PM

All the pool owners, please PM me so that I can give you a 20 minute head start to set up the pools to be available the second the coin drops.

What is this... a license to pre-mine?

vesperwillow

hero member

Activity: 616

Merit: 500

Quote from: GPU Coin on March 01, 2014, 10:45:50 PM

Quote from: vesperwillow on March 01, 2014, 10:43:25 PM

Quote from: GPU Coin on March 01, 2014, 10:42:06 PM

My intentions when GPU Coin was first devised was to provide a path to future mining, which I had assumed what the community wanted were ASICs, but was woefully wrong. After many corespondents on the subject I decided to drop the idea entirely.

When a business doesn't know what the community wants it needs to change in order to provide the people with the best support possible.

You took a few-hours poll on a thread on a bitcoin forum about what a GPU community wants in a future altcoin, and decided that was your majority input?

Wow. You realize the most valuable alt coins out there aren't ScyptN, nor are they going ScryptN, for a reason..right?

I took input, then did research on my own. Nothing is valuable until people put value on it. I personally think diamonds are expensive chunks of broken dreams, but that doesn't stop people from paying tens of thousands of dollars for them.

You cite not wanting a bad launch, but changing things up in the 13th hour isn't good. Obviously I think it's a bad move, but it's your coin, and that's fine. We'll see how it goes. Hope it launches well.

GPU Coin

member

Activity: 84

Merit: 10

Quote from: vesperwillow on March 01, 2014, 10:43:25 PM

Quote from: GPU Coin on March 01, 2014, 10:42:06 PM

My intentions when GPU Coin was first devised was to provide a path to future mining, which I had assumed what the community wanted were ASICs, but was woefully wrong. After many corespondents on the subject I decided to drop the idea entirely.

When a business doesn't know what the community wants it needs to change in order to provide the people with the best support possible.

You took a few-hours poll on a thread on a bitcoin forum about what a GPU community wants in a future altcoin, and decided that was your majority input?

Wow. You realize the most valuable alt coins out there aren't ScyptN, nor are they going ScryptN, for a reason..right?

I took input, then did research on my own. Nothing is valuable until people put value on it. I personally think diamonds are expensive chunks of broken dreams, but that doesn't stop people from paying tens of thousands of dollars for them.

scott0577

hero member

Activity: 560

Merit: 500

Quote from: scott0577 on March 01, 2014, 09:46:19 PM

Due to the fact that you have a large amount of investors, I feel that more coins should be injected into the IPO from the 150,000,000 for bounties and payment for future development. It appears that large investors, such as myself, are losing out on our investments due to smaller investors. If other investors disagree with this statement I will delete this post. I understand you need coins for bounties but 150,000,000 seems extreme.

Jaymes gpu coin not to be a jerk but please acknowledge this.

vesperwillow

hero member

Activity: 616

Merit: 500

Quote from: GPU Coin on March 01, 2014, 10:42:06 PM

My intentions when GPU Coin was first devised was to provide a path to future mining, which I had assumed what the community wanted were ASICs, but was woefully wrong. After many corespondents on the subject I decided to drop the idea entirely.

When a business doesn't know what the community wants it needs to change in order to provide the people with the best support possible.

You took a few-hours poll on a thread on a bitcoin forum about what a GPU community wants in a future altcoin, and decided that was your majority input?

Wow. You realize the most valuable alt coins out there aren't ScyptN, nor are they going ScryptN, for a reason..right?

GPU Coin

member

Activity: 84

Merit: 10

Quote from: bitjedi on March 01, 2014, 10:32:25 PM

I think the intentions of this coin are flawed. Why would the organizers want Scrypt-N when they clearly posted their intentions to enter the ASIC market?

Quote

Long Term Goals:
65nm 50MH/s Scrypt ASIC Development:
We are currently in preliminary negotiations with companies in the USA and France for development of a 50MH/s mining rig. We have a meeting with multiple angel investors planned for March 23rd, and if funding is received we will sign a contract with one of the companies and start development ASAP. We will only be selling the ASIC rig through our on-line store, which will accept GPU Coin exclusively. We have estimated our initial offering to be $30,000.00 USD equivalent of GPU Coin.

source: https://cryptocointalk.com/topic/5589-anngpuc-gpu-coin-launch-02mar14-ipo-available-now/?p=49127

Good luck for all those who have participated in a 3% premine-IPO with a coin designed to buy GPUs with an algorithm that's ASIC friendly, with a company that wants to sell wholesale GPUs to fund its ASIC development.

This is a pretty hilarious cluster. Why can't new coin launches ever go right? There's so many unprofessional dev teams here it makes me sad.

My intentions when GPU Coin was first devised was to provide a path to future mining, which I had assumed what the community wanted were ASICs, but was woefully wrong. After many corespondents on the subject I decided to drop the idea entirely.

When a business doesn't know what the community wants it needs to change in order to provide the people with the best support possible.

XBATTO

member

Activity: 63

Merit: 10

Quote from: GPU Coin on March 01, 2014, 10:38:35 PM

While both sides have good points, there was more support for Scrypt-N based on the fact that this coin may just get kicked hard on launch AND we want to maintain longevity instead of a simple pump and dump. Thanks to all the community members who spoke for what they wanted, and thanks to all the IPO investors for the great feedback on the kind of future we want to create.

I have contacted the developer of BAMT and offered him BTC to develop a scrypt-n version, which I personally use for my two mining rigs.

The windows compiled QT and the source will all be available 2~3 hours prior to launch in password protected 7zip files.

There will be 1,000,000 bounties for for MAC and Linux wallets so we can get those up ASAP after launch.

All the pool owners, please PM me so that I can give you a 20 minute head start to set up the pools to be available the second the coin drops.

Thank you very much for the feedback !

GPU Coin

member

Activity: 84

Merit: 10

While both sides have good points, there was more support for Scrypt-N based on the fact that this coin may just get kicked hard on launch AND we want to maintain longevity instead of a simple pump and dump. Thanks to all the community members who spoke for what they wanted, and thanks to all the IPO investors for the great feedback on the kind of future we want to create.

I have contacted the developer of BAMT and offered him BTC to develop a scrypt-n version, which I personally use for my two mining rigs.

The windows compiled QT and the source will all be available 2~3 hours prior to launch in password protected 7zip files.

There will be 1,000,000 bounties for for MAC and Linux wallets so we can get those up ASAP after launch.

All the pool owners, please PM me so that I can give you a 20 minute head start to set up the pools to be available the second the coin drops.

OakPools

newbie

Activity: 42

Merit: 0

Quote from: theeevilmunkey on March 01, 2014, 10:08:27 PM

can someone tell me which pool will be open right at launch. i have been screwed on 3 launches with bad pools.

@dev could you communicate with pool operators and make sure the launch is smooth.

@pool operators. upgrade your systems so they are speedy and accessible @ launch.

thanks!!! i wish this coin much luck!

Every pool does the best they can to get up as quickly and safely as possible. None of us can guarantee we will be up first. The best thing to do is pre-register at pools of your choice so that as soon as pools announce they are up -- pick one and go!

Pre-Register at ours by going to gpu.oakpool.com

jollyriffic

full member

Activity: 126

Merit: 100

Quote from: bitjedi on March 01, 2014, 10:32:25 PM

I think the intentions of this coin are flawed. Why would the organizers want Scrypt-N when they clearly posted their intentions to enter the ASIC market?

Quote

Long Term Goals:
65nm 50MH/s Scrypt ASIC Development:
We are currently in preliminary negotiations with companies in the USA and France for development of a 50MH/s mining rig. We have a meeting with multiple angel investors planned for March 23rd, and if funding is received we will sign a contract with one of the companies and start development ASAP. We will only be selling the ASIC rig through our on-line store, which will accept GPU Coin exclusively. We have estimated our initial offering to be $30,000.00 USD equivalent of GPU Coin.

source: https://cryptocointalk.com/topic/5589-anngpuc-gpu-coin-launch-02mar14-ipo-available-now/?p=49127

Good luck for all those who have participated in a 3% premine-IPO with a coin designed to buy GPUs with an algorithm that's ASIC friendly, with a company that wants to sell wholesale GPUs to fund its ASIC development.

This is a pretty hilarious cluster. Why can't new coin launches ever go right? There's so many unprofessional dev teams here it makes me sad.

try reading the site here.

vesperwillow

hero member

Activity: 616

Merit: 500

GPU Coin, as an investor, I also sent you my input on the debate.

Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 417. (Read 421421 times)