[GPUC] GPU Coin | Mandatory Wallet Update - page 434.

GPU Coin

member

Activity: 84

Merit: 10

Quote from: dmzj4812 on February 23, 2014, 10:36:51 AM

Hello, today in 10 hours ago, I sent to address your IPO 0.3 bitcoins, why hasn't my number in the donation of IPO your list, my number is 044, please explain, thank you!

Sorry for the delay, every thing is done manually and I had a couple beers last night. The IPO page is updated.

trademark

legendary

Activity: 1932

Merit: 1003

Quote from: kache on February 23, 2014, 04:46:15 PM

Quote from: uhfska on February 23, 2014, 12:06:57 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

Can't he just buy the GPUs from Europe or another country in which prices are not inflated?

I think with all the taxes and shipping, prices will be higher than his wholesale prices in the US.

kache

full member

Activity: 140

Merit: 100

Bored

Quote from: uhfska on February 23, 2014, 12:06:57 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

Can't he just buy the GPUs from Europe or another country in which prices are not inflated?

Sprite160

sr. member

Activity: 281

Merit: 250

You are going to need to mine a gazillion of these coins to "buy" a GPU from them. The opening price on an exchange is going to need to be pretty high. Undecided

unhooked

full member

Activity: 182

Merit: 100

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?

trademark

legendary

Activity: 1932

Merit: 1003

Quote from: ymer on February 23, 2014, 12:28:44 PM

this should be called LOLcoin Cheesy

Why? I think this coin could be great, the only difficulty is picking up the hardware. Also, isn't there an lolcoin already?

uhfska

newbie

Activity: 42

Merit: 0

Quote from: trademark on February 23, 2014, 12:31:56 PM

Quote from: uhfska on February 23, 2014, 12:06:57 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 launch within 2 weeks due to backorders or whatever. This price of the coin could tank. It would be best if the dev had the GPU's in hand before the launch.

Agreed Im not a business operator but from my understanding you should have some capital to put up before you can put your hand out for public offerings. Otherwise its just begging. I cant see how they would be able to get better prices than current online retailers. Especially when companies like tigerdirect/ncix/newegg have millions to throw around and they cant keep up with orders.

trademark

legendary

Activity: 1932

Merit: 1003

Quote from: uhfska on February 23, 2014, 12:06:57 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.

ymer

sr. member

Activity: 308

Merit: 250

this should be called LOLcoin Cheesy

uhfska

newbie

Activity: 42

Merit: 0

Quote from: GPU Coin on February 23, 2014, 12:04:28 AM

Quote from: unhooked on February 22, 2014, 11:28:14 PM

So what if you don't collect enough BTC to buy the hardware to resell?

We already have enough to make an order, but we would only be able to order a very small amount. From the poll it looks as though there is a huge demand for our service, and we would hate to only be able to supply a hand full of GPUs and sell out the hour the stock is updated. The preference is to have a decently high IPO so we can have 100 on hand at all times so there is never a shortage, like on most on-line retailers.

Can you include a link which shows an example of "...never a shortage, like on most on-line retailers." . Most on-line retailers have an on going shortage from my understanding.

uhfska

newbie

Activity: 42

Merit: 0

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

trademark

legendary

Activity: 1932

Merit: 1003

Quote from: dmzj4812 on February 23, 2014, 10:36:51 AM

Hello, today in 10 hours ago, I sent to address your IPO 0.3 bitcoins, why hasn't my number in the donation of IPO your list, my number is 044, please explain, thank you!

Give him some time. It's probably done manually.

uhfska

newbie

Activity: 42

Merit: 0

IPO = INTO POCKETS OF OPERATOR.
Do not give anyone bitcoins for IPOs. Look at what happened with stackcoin.
You will lose your money... just give it to me instead if youre going to throw it away

dmzj4812

member

Activity: 107

Merit: 10

Hello, today in 10 hours ago, I sent to address your IPO 0.3 bitcoins, why hasn't my number in the donation of IPO your list, my number is 044, please explain, thank you!

GPU Coin

member

Activity: 84

Merit: 10

Quote from: unhooked on February 23, 2014, 12:59:04 AM

So what would stop an IPO investor from dumping the coins as soon as it goes on an exchange?

While we could put in place a system such as Reddcoin, giving investors 1.3% of their coins per day, the reality of it is this is a free market. From past experiences it is a good thing for big investors to dump when the coin is new so that smaller investors and user can buy into the market, at a cheaper price, without the worry of having their new found coin getting dumped on in the future. Unlike Reddcoin we are not giving favor to the higher IPO investors with a silly algorithm, everyone is getting exactly the percentage of the total invested. The more IPO total investment diversity, the more divided the market is, which leads to a less likely hood of "whales". We believe it is not our place to withhold what is rightfully yours.

unhooked

full member

Activity: 182

Merit: 100

So what would stop an IPO investor from dumping the coins as soon as it goes on an exchange?

paul09

newbie

Activity: 56

Merit: 0

Quote from: GPU Coin on February 22, 2014, 01:48:22 PM

Quote from: kultus on February 22, 2014, 12:17:25 PM

I was amazed with this idea till I saw the actual prices I can get these cards for, did anyone else do a quick google search on prices of these

http://www.pccasegear.com/index.php?main_page=product_info&products_id=25734&cPath=877&utm_source=googlebase&utm_medium=cse&utm_campaign=export_feed&gclid=CJ-Wxved4LwCFUNfpQodqhEAgA#googlebase

http://www.pccasegear.com/index.php?main_page=product_info&products_id=26611&cPath=877&utm_source=googlebase&utm_medium=cse&utm_campaign=export_feed&gclid=CNudy_ed4LwCFURFpQodDUwAgQ#googlebase

Did you perhaps see that the site you just posted was Australian? They don't even offer international shipping. The American market is in a much different state of affairs; there are major back orders every where and the prices are overly inflated.

Yes unfortunately it appears this coins GPU buying purpose will be useless for Aussies, I actually live near PC case gear and have been buying R9 280x from them for $380-400AUD($340-360USD) depending what model I choose.

I might still mine it though because it's definitely a great concept, I'd just sell coins on exchange rather than buy GPU with them.

chickenliver503

full member

Activity: 204

Merit: 100

im am super pumped for this coin, i am sick of paying 80 extra for a gpu, i brought a 270x a month ago off newegg for 200 dollars and now they are 280..

GPU Coin

member

Activity: 84

Merit: 10

Quote from: ?? on ??

im currently talking to my lawyer about investing in coin IPOs.

recently the state of CA declared that Bitcoin is a legal form of currency. Now for any Californians who paid into the stackcoin IPO may be able to file suit against the coins developer and associates.

since this is all new my lawyer is looking into it this week.

basically what he and i have figured is there may be grounds for embezzlement, grand theft, theft, and possible other laws to have affect.

as for GPU coin. they seem pretty solid. they may just be doing what other coins will have to do from now on (establishing it as a business)

i wish GPU coin luck. i will be there for launch.

Making the crypto industry a more legitimate form of business will only push us towards a better future.

GPU Coin

member

Activity: 84

Merit: 10

Quote from: unhooked on February 22, 2014, 11:28:14 PM

So what if you don't collect enough BTC to buy the hardware to resell?

We already have enough to make an order, but we would only be able to order a very small amount. From the poll it looks as though there is a huge demand for our service, and we would hate to only be able to supply a hand full of GPUs and sell out the hour the stock is updated. The preference is to have a decently high IPO so we can have 100 on hand at all times so there is never a shortage, like on most on-line retailers.

Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 434. (Read 421421 times)