Author

Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 433. (Read 421421 times)

full member
Activity: 154
Merit: 100
February 24, 2014, 05:51:40 PM
Finally a interesting coin, will throw some hashes your way Wink
member
Activity: 84
Merit: 10
February 24, 2014, 05:29:04 PM
Ok maybe dumb question.

How do you make a profit?

We sell GPUs for x+20% while Neweg sells GPUs for x+70% (these are not real numbers, just an example).  Since we have nearly zero overhead and no employees, only contractors, we still make money with smaller profit margins.
full member
Activity: 182
Merit: 100
February 24, 2014, 05:15:05 PM
Ok maybe dumb question.

How do you make a profit?
member
Activity: 84
Merit: 10
February 24, 2014, 02:40:09 PM
Just wondering that count of blocks = 148 = 270270,270GPUC/block? And number of transactions 5? Just curious

I received the client a few days ago from the Dev, so he transferred the Pre-Mine to my address.
member
Activity: 76
Merit: 10
February 24, 2014, 02:36:56 PM
Just wondering that count of blocks = 148 = 270270,270GPUC/block? And number of transactions 5? Just curious
member
Activity: 84
Merit: 10
February 24, 2014, 01:18:54 PM
Too lazy to even photoshop a couple pics of a fake wallet client like StackCoin?


Are you too lazy to even look through 8 pages of a thread and see we have posted a picture of a functioning wallet?
sr. member
Activity: 266
Merit: 250
February 24, 2014, 12:18:47 PM
if you are going to call it gpucoin, make it at least scrypt-n
agreed
sr. member
Activity: 504
Merit: 251
February 24, 2014, 12:17:05 PM
if you are going to call it gpucoin, make it at least scrypt-n

They cant do it..
Another get rich quick devs scheme..
sr. member
Activity: 247
Merit: 250
February 24, 2014, 09:20:02 AM
Too lazy to even photoshop a couple pics of a fake wallet client like StackCoin?
newbie
Activity: 49
Merit: 0
February 24, 2014, 08:42:12 AM
I have not much BTC, but i will invest a bit, because the idea is great and have to be supported. I hope i can buy a GPU in the near future Smiley

It would be strange to buy a good GPU, paid with the work from a bad GPU Wink

Go on GPUC!
member
Activity: 62
Merit: 10
February 24, 2014, 03:08:05 AM
If it's not a scam, it will be fantastic!
This idea immediately stabilize the exchange rate and make the GPU leading currency
But you need a very large funds at the initial stage.
Do you have money?
I see that your IPO gives very little.
newbie
Activity: 26
Merit: 0
February 24, 2014, 02:30:07 AM
If it's not a scam, it will be fantastic!
hero member
Activity: 616
Merit: 500
February 24, 2014, 01:19:07 AM
Interesting concept. Leveraging the established value of a product, to stabilize the value of the coin.
member
Activity: 84
Merit: 10
February 24, 2014, 12:47:54 AM
We mine it, and then give it to you to buy GPU's?

Exactly.
hero member
Activity: 616
Merit: 500
February 24, 2014, 12:41:55 AM
Trying to understand this coin.

We mine it, and then give it to you to buy GPU's?

The last few GPU orders I've made were by the crate load at 20% off MSRP. If I could mine for them, that would be interesting.
member
Activity: 84
Merit: 10
February 24, 2014, 12:39:05 AM
I believe in this coin and I did invest. Just wish I had more BTC to invest  Cry

Thanks for all your support
hero member
Activity: 560
Merit: 500
February 23, 2014, 08:15:40 PM
I believe in this coin and I did invest. Just wish I had more BTC to invest  Cry
member
Activity: 84
Merit: 10
February 23, 2014, 06:37:07 PM
I have some doubt that you will be able to get the supply you request. I have been in contact with almost every single online computer retailer since before Christmas. Demand is high/supply is low... everything was on backorder I had to prepay for 4-280xs. 2 came in 1.5 months and the other in 2 months. Luckily I did because now prices are 25% higher. Not counting you out but it's hard to see how you will convince wholesalers to do business with you over the likes or NCIX and Tigerdirect. Unless of course demand deminishes.
Nonetheless I wish you luck... I will support the coin by mining, I am still weiry about IPOs. Hope your plan works out for a discount GPU source, the market is competitive good luck

You have some good points.  I am still thinking about the IPO.  My concern is, if the store does not open within 2 weeks after launch due to backorders or whatever, the price of the coin could tank. It would be best if the dev had the GPU's in hand before the launch.  

We are trying to make orders well in advance, but the lack of IPO investors is hindering our ability.  We will try to work with our distributor on Monday to see if they can make a small order of 10 GPUs based on our previous credit lines with other distributors. 

Tigerdirect and Newegg have thousands of products they must all have on hand, while we are functioning as a specialty store.  That means all of our capitol will be spent on the GPUs.  We can't buy from the manufacturers directly because they require a minimum of $1,000,000 USD monthly, but we do meet the requirements for distributors and already have accounts set up with them.  We can beat the large retailers pricing because we get them just as cheap as they do, and don't require as high of a profit margin since our overhead costs are minimal.
member
Activity: 84
Merit: 10
February 23, 2014, 06:25:01 PM
So do you have a payment processor being developed as part of the payment system?

Also how is the price in GPUCoin going to be determined?

The price of GPU coin is determined by the market.  We are developing an API that links to the current market value and adjusts the amount of GPUC required to purchase each item in real time.
member
Activity: 84
Merit: 10
February 23, 2014, 06:23:31 PM
We do not wish to refute each and every individual post claiming we are a scam and referencing other alt-coins that were scams.  We are a registered limited liability company in the state of Virginia under the name of "GPU Coin LLC" (http://www.bizapedia.com/va/GPU-COIN-LLC.html).  If we don't pay you the IPO coins, you can call our local police department (Chesapeake, Virginia) and file a theft of commodities.  If you have any REAL questions, please feel free to ask.
Jump to: