Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 431. (Read 421421 times)
Stackcoin developer here?
I could careless about the product. I like this because there is an actual business on it. People will dump/hold this coin depends on how the business works. I will be joining the IPO and mining.
Thanks for the quick response. I think some folks' only fear is that in a situation where the IPO investors own majority of the coins, there wouldn't be a point to mining the coin due to the sharp uphill battle. Not detracting from the coin's worthiness, just sortof talking out loud.
Still one of the best ideas to come along in honestly a long time.
Still one of the best ideas to come along in honestly a long time.
Which is why I will be giving the coins out to the investors as soon as the wallet is live. I watched Reddcoin and they are doing a 90 day release of the IPO and all it seems to do is create a 90 day dump that's killing the coin value. I would rather have the big investors dump the first week and let the coin stabilize early on. The IPO coins will be outweighed by the mined coins in a little over 8 days, so it shouldn't be a long term issue.
I respect your idea but...
Why the designer of GPU Coin would choose scrypt, a no-longer ASIC-resistant algorithm, instead of scrypt-nway (like Vertcoin) or SHA3 (like Maxcoin), both of which have good chances to remain ASIC-resistant for at least 6 more months, is beyond my understanding.
Any thoughts about this? Was it discussed already?
Why the designer of GPU Coin would choose scrypt, a no-longer ASIC-resistant algorithm, instead of scrypt-nway (like Vertcoin) or SHA3 (like Maxcoin), both of which have good chances to remain ASIC-resistant for at least 6 more months, is beyond my understanding.
Any thoughts about this? Was it discussed already?
Thanks for the quick response. I think some folks' only fear is that in a situation where the IPO investors own majority of the coins, there wouldn't be a point to mining the coin due to the sharp uphill battle. Not detracting from the coin's worthiness, just sortof talking out loud.
Still one of the best ideas to come along in honestly a long time.
Still one of the best ideas to come along in honestly a long time.
GPU Coin, I noticed you responded to several things in a row but you skipped over this. What's your response? (relevant quotes below)
On the other hand 250.000.000 / 20000 = 12500 minutes. 12500 / 60 / 24 = 8.6 days, and it does not seem much greater.
I like the idea of this coin but the IPO seems very imbalanced.
for 0.1BTC you can get 3.8 million coins. That is exactly 190 blocks at their highest values ( as the block rewards will be halving ). Now with one minute time per block imagine how hard will be to mine this amount of GPU blocks. It will literally take you months if you have a good rig.
These amounts for which the GPU coin is being sold right now in IPO will also determine the value of the coin. I know that this coin is aimed to be used for buying GPU but if you can get 3.8 milion coins for 0.1 btc then price of a graphic card will be like 20 million coins or more. In my opinion ridiculously huge amount and totally unobtainable by mining.
IPO bounty will change if IPO gather more BTC, like stackcoin 60 BTC. This will mean 1 BTC = 3.8 millions. It will great if IPO gather 100-150 BTC for intersting quotation.for 0.1BTC you can get 3.8 million coins. That is exactly 190 blocks at their highest values ( as the block rewards will be halving ). Now with one minute time per block imagine how hard will be to mine this amount of GPU blocks. It will literally take you months if you have a good rig.
These amounts for which the GPU coin is being sold right now in IPO will also determine the value of the coin. I know that this coin is aimed to be used for buying GPU but if you can get 3.8 milion coins for 0.1 btc then price of a graphic card will be like 20 million coins or more. In my opinion ridiculously huge amount and totally unobtainable by mining.
On the other hand 250.000.000 / 20000 = 12500 minutes. 12500 / 60 / 24 = 8.6 days, and it does not seem much greater.
Hopefully there will be more IPO members, but if not then this is completely accurate and you would be better off investing than mining. This is a free market, so while this may seem imbalanced what will end up happening is the IPO investors will make a killing of a ROI while the miners and network hash rate will set the prices.
GPU Coin, I noticed you responded to several things in a row but you skipped over this. What's your response? (relevant quotes below)
On the other hand 250.000.000 / 20000 = 12500 minutes. 12500 / 60 / 24 = 8.6 days, and it does not seem much greater.
I like the idea of this coin but the IPO seems very imbalanced.
for 0.1BTC you can get 3.8 million coins. That is exactly 190 blocks at their highest values ( as the block rewards will be halving ). Now with one minute time per block imagine how hard will be to mine this amount of GPU blocks. It will literally take you months if you have a good rig.
These amounts for which the GPU coin is being sold right now in IPO will also determine the value of the coin. I know that this coin is aimed to be used for buying GPU but if you can get 3.8 milion coins for 0.1 btc then price of a graphic card will be like 20 million coins or more. In my opinion ridiculously huge amount and totally unobtainable by mining.
IPO bounty will change if IPO gather more BTC, like stackcoin 60 BTC. This will mean 1 BTC = 3.8 millions. It will great if IPO gather 100-150 BTC for intersting quotation.for 0.1BTC you can get 3.8 million coins. That is exactly 190 blocks at their highest values ( as the block rewards will be halving ). Now with one minute time per block imagine how hard will be to mine this amount of GPU blocks. It will literally take you months if you have a good rig.
These amounts for which the GPU coin is being sold right now in IPO will also determine the value of the coin. I know that this coin is aimed to be used for buying GPU but if you can get 3.8 milion coins for 0.1 btc then price of a graphic card will be like 20 million coins or more. In my opinion ridiculously huge amount and totally unobtainable by mining.
On the other hand 250.000.000 / 20000 = 12500 minutes. 12500 / 60 / 24 = 8.6 days, and it does not seem much greater.
Validation Error Pools has a pool setup and ready for pre-launch registrations
http://gpuc.validerrorpool.com
1% fee, PPLNS, VARDIFF, STRATUM (USA Based Server)
http://gpuc.validerrorpool.com
1% fee, PPLNS, VARDIFF, STRATUM (USA Based Server)
http://gpuc.allpoolz.com
- Always 0% mining fees!
- Miner Notifications
- Port 8080 mining
- VARDIFF
- Stratum
- DDoS Protection
- Database off-loading (faster more reliable)
- Ticket support
- US Server
Pre-registration open!
I think you should add another pool there quite soon so the only one won't take over.
How many people are working on this project out of curiosity? Very excited about this coin! Only potential flawed I see is that you get bogged down with surges of orders and "day to day running" tasks
Two people in house, the CEO has no other job and the sister company who is in charge of GPU distribution works maybe 10 hours a week running his own landscape company. Our dev is on call and works contract based.
How many people are working on this project out of curiosity? Very excited about this coin! Only potential flawed I see is that you get bogged down with surges of orders and "day to day running" tasks
Make that 115 miners registered.
Also +1 for mintpal. Google Auth + Very responsive exchange. I've been very happy with the exchange.
Also +1 for mintpal. Google Auth + Very responsive exchange. I've been very happy with the exchange.
We are also looking at exchanges, but our experience has all been with coinmarket.io (which seems to have a withdrawal problem now) and cryptsy, which most likely wont pick up GPUC for a while. We will take all ideas of market places into consideration.
Contact mintpal to get it into voting, would be the best decision ever. For launch, try with cryptorush. Mintpal has proven to be awesome tbh
yes so excited for this! Great way to reinvest profits back into more GPU!!! IF this takes off Id be estatic!
97 people have preregistered to mine at gpu.hashfever.com
We are also looking at exchanges, but our experience has all been with coinmarket.io (which seems to have a withdrawal problem now) and cryptsy, which most likely wont pick up GPUC for a while. We will take all ideas of market places into consideration.
Will the amount of coins you need to pay for such a card, decrease when the coin becomes more valuable?
The store front will link with whichever market has the most traffic and update the price live. So, yes, the price will fluctuate all the time.
Cryptorush, Mintpal. Coins-E.
You need to be on these so people can exchange the coins
they have to your GPU coin and then buy GPUs.
You need to be on these so people can exchange the coins
they have to your GPU coin and then buy GPUs.
One good move to get the coin to success is to contact Poloniex and try to get them to add the coin right at launch 
poloniex is not doing so good, they are have a lots of problems, cryptorush would be better. Jump to: