Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 52. (Read 421398 times)

Jaymes probably should not have used the words 'IPO' and 'investor'.

Most coins are not real LLCs, and no-one has really pressed the issue, but an IPO by definition is offering of shares in a company to investors.   There are actual laws in place that regulate how they run, giving certain rights to investors.

Later it was revealed that in fact an actual IPO was not allowed in his state.  So why continue using those words?

I am not even sure it is legal how the IPO was ran.

it's nice to see an active community like this

Since it looks like on Friday, all the GPUs in stock will be gone, can we get an update as to what's in the next shipment and when? I think it would really hurt the coin if the store was empty with no notice of any more GPUs coming.

How about adding Prepaid Visa Gift Cards (Debit cards) into the store.  They can be personalized / branded with the GPU logo.  Even if it is a break even Zero profit (except for the increased value of the coin) it is something that can be used by everyone, shipped everywhere (low postage) - so those in other countries using / mining this coin aren't left out because of big $$$ to have a GPU shipped across the ocean. 

I will post my address in the near future so you can tip the hell out of me when this idea is implemented.

Just spam about the sale on hw\gaming forums, there are people interested in GPUs even there 

A good question you guys should be asking the owner is: What's his incentive to make sure the business flourishes?

In other words, if it tanks, what is he going to do with the stock? Sell it, right? Where's the money going to go? His pockets.

Unless his contigency was to hand it out to the community, but if that was the case he would've stood up an actual Corporation which would've allowed investors.

+1

viral marketing on social networks. facebook fanpage mayhem with millions of likes in the gaming community (gaming = graphics cards)

Sponsoring on twitch

and much more...

No offense to the "Marketing team", and I use the term lightly, but NO ONE knows about this coin.
That is the problem.  And once a week putting out a tweet or facebook posting is not going to cut it.
CEO, I have a friend that owns a P.R. company.  He would properly do a campaign to get recognition
of the coin, hence increase it's value and miners/traders.  He would even give you a discount, but
he only works for US dollars, not bitcoin.  If you want his name and contact, PM me.  If not, FIND a
professional marketing team that DOES THIS FOR A LIVING. PAY THEM TO PROMOTE THE COIN ALREADY!

Here is a good idea for a promotion :

http://www.reddit.com/r/dogemining/comments/220bxa/posttweet_or_share_our_websitewe_send_free_10000/

This kind of approach goes alot farther than a promotion only on bitcointalk.

 even though the price is down we are still bouncing around the top 5 in profit charts, all it would take to blast off is a good buzz and this coin could make people a lot of money.

I think a big problem also plaguing GPUC is the oversaturation of shitcoins everyday, people that used to hit every launch are now like "why bother" and going back to mining multipools or other stable coins. I don't think blaming Jaymes is the answer. This is just more fallout from all the scams and dead coins that have been dragging everything down for the last few months. That and in the last few months you could count on a certain amount of profit, not anymore. profits are down close to 50% so people are not adding cards right now. Drastic measures are required if this is going to succeed in these circumstances.

It's a factor when you look at the market right now, as to what's selling and where the miners are going. Network rates are dropping for many alt coins, and have been for a short while now, but it's going up on Litecoin and some other long-term scrypt coins. Why? Because Scrypt ASIC is selling pretty hard right now. Folks are shifting their systems to the more popular / most likely best longterm return coins.

It's not a problem from a technical standpoint, but a marketability standpoint. I told the OP he was shooting himself in the foot by swapping to ScryptN, for many reasons--longterm marketability was one of the reasons. To sell Scrypt ASIC systems now that he's alienated himself so far from Scrypt, would be a slap in the face to everyone. Had he stayed Scrypt, it would've made sense, and helped provide stability.


Absolutely agree.. I'm not much of a gamer anymore but my GPU farm is overclocked, most of the cards are beyond bleeding edge, but have been running without issue since last year. Cooling is truly the most important part, and making sure they're not going through constant heat cycles. My systems stay 45-60C, in some extreme cases when air temperature of the building are over 100, some might be in the low 70C range.

I don't use OEM coolers either, Prolimatech MK 26. Unbelievable cooling capacity.

I think if you make it to coin appeared Friday on mintpal, this will solve all problems!

I really hope it hasn't come to this where devs "lure" people in with free gpu's and cheap gpu's at start just to build up a community and liquidate the market until they dump the pre-mine and kill the coin for a "get rich quick" move.

A lot of shady/scammy shit is happening lately to newish coins, I'm starting to become paranoid about every new coins intentions.

I cannot agree more.

I can't help but feel an air of arrogance surrounding the owner.   I hope he realizes that it is possible that he is making bad business decisions and might want to let someone else lead this business.

They have also refused to address most of my issues, and it looks like they will continue to do this.  There has been one question I have been insistent on getting an answer, and if they do not give me an answer then I am leaving the GPUCoin community.

Since we are investors (the word Jaymes used), I think we have a right to know what percentage of profits is being used to grow the company and how much Jaymes and associates believe they will be able to take out to line their own pockets.

A decline in the demand for GPUs is a factor contributing to this, but you would have to be delusional to think it is the only factor or even the main reason.

The way GPUCoin has been managed has been awful.  I think people who continue defend Jaymes are disconnected from reality.  Face it, he is a terrible businessman.  This entire business could be so much more than what it turned out to be - I am not sure GPUCoin will be the ones to make this business model work, unfortunately.

(in my opinion)

I just sent a PM to the designer to fix the image.
OP is updating the thread and the OP. I think no one here can talk about scam when we can see the front store up and running.

What we need is the OP to pull his head out of his ass. No one takes seriously an alt coin that was pre-mined, IPO'd, had several (!) failed launches (presumably out of sheer incompetence), and on top of that all — the original poster never shows up in his thread! This all is just like a huge red banner with "SCAM" written on it, yet the "community" somehow still "believes" in this crap. Well, give people some distraction (like the idea of selling gpus, real use for the coin bla-bla..) and they'll believe in anything, I suppose.

Don't get me wrong, I've been mining this one from the very (failed) start, and I'm still #1 miner in p2pool with some 7MH pointed at this coin, but if it isn't a scam (which looks like it more and more with every day), the OP has to work like 10x times harder than he's been "working" on it. There are some other "asic-resistant" algos and coins out there (arguably more efficient and secure than scrypt-n), some really dedicated and talented developers... in order to stand up to those, whatever the hell this current "team" is doing, it's not nearly enough — they need to work much harder if the goal is for GPU Coin to succeed. Considering that the OP never really updates this thread and never says what is it that he's doing, what are the plans for the week, the month etc, it's not likely that he's doing good. Why bother, he's got the btc from IPO, got a bunch of cards on his hands.. as far as he's concerned, he's alright and everyone else can go fuck themselves. I'd really like to be proved wrong though since I haven't dumped my coins yet and got millions of them.

P.S. As you probably guessed English isn't my first language, but I'm still pretty sure that the infographics from the 1st page should say "Why is GPUCoin different thAn other.." and not "thEn".

Great job!
I will pass than on to Jaymes.

@all:
I am starting to think that the coin is not doing that well as it is a bad period for GPU mining in overall. However, when ASICs come on the scene people will leave of scrypt and turn to scrypt-n and then GPU mining will explode as well.
It is the best time to invest in:
- risers and GPUs on currently decreasing prices and sell them 6 months later
- GPUcoin which in the worst event will explode as well in 6 months or when ASICs come - when the second GPU boom will occur.

+1.
That idea was rised by a friend of me and I said the same - gamers hate miners. However, think about it from the other side: gamers are not used to mining and if they are told that while running their computer and their own video cards they can mine and "produce" a newer model they would like it and may start mining or at least turn some interest to GPUcoin.