I do hope Jaymes does make a decision based on what would benefit the investors rather than just himself.
Jaymes makes money regardless.
Right now though investors have lost a lot of money, those of us who did not dump and held on atleast, and we are the ones who funded this entire thing.
Jaymes, as the CEO, should do everything in his power to address the problems investors are having - including the excessive amount of coins entering the market and low price. Even if this means making adjustments to the coin.
Ideally investors would end up getting an amount of coins worth at least the wholesale cost of the equipment.
Unfortunately this is not happening, and I have the strong suspicion that Jaymes does not really think much about the investors and is focused on himself and 'his' business.
Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 57. (Read 421398 times)
To clarify, the difficult doesn't change the amount of coins produced.. only in it's distribution (instead of 100 people getting it.. it's like 10 guys getting it) ; and the electrical/capital cost to acquire the *same* amount of coins. If the difficulty is higher, it just means it cost more for people to get coins through mining.. but the exactly same # of coins are created.
The only way to lower coins created, is the hard fork the code and change the function to create less coins per block.
I think that option can be put on the table.. even though yeah it does suck in a way... but doing so would curb inflation.
It would need to be an executive decision from Jaymes (the CEO of this coin), to take that route.
But, I can do the changes as needed...
The only way to lower coins created, is the hard fork the code and change the function to create less coins per block.
I think that option can be put on the table.. even though yeah it does suck in a way... but doing so would curb inflation.
It would need to be an executive decision from Jaymes (the CEO of this coin), to take that route.
But, I can do the changes as needed...
I've been saying for a while that 20,000/block at 3 difficulty is just producing too many coins.
Sure it may be psychological, but people would rather buy a gpu with 10,000 coins than 10,000,000.
And they would rather buy or sell gpuc for .0001 btc than .00000010 btc. I think it is not too
late for a halving of block rewards. Max coin just did it last week and everything went fine. But
all coins are in a downtrend now.
Sure it may be psychological, but people would rather buy a gpu with 10,000 coins than 10,000,000.
And they would rather buy or sell gpuc for .0001 btc than .00000010 btc. I think it is not too
late for a halving of block rewards. Max coin just did it last week and everything went fine. But
all coins are in a downtrend now.
I saw Maxcoin doing it last week as well. I thought it was a bad idea for them to do it.... I didn't think it went all that bad lol...
I keep voting, telling my friends about the coin, there's at least some marketing with free GPU's etc, but there isn't as much interest. :9
did them doing that make the coin more valuable?
i dont think we should make any changes till the BTC/LTC markets stabilize for a week or two.
with china rumors and the IRS things are just shook up right now.
with china rumors and the IRS things are just shook up right now.
I've been saying for a while that 20,000/block at 3 difficulty is just producing too many coins.
Sure it may be psychological, but people would rather buy a gpu with 10,000 coins than 10,000,000.
And they would rather buy or sell gpuc for .0001 btc than .00000010 btc. I think it is not too
late for a halving of block rewards. Max coin just did it last week and everything went fine. But
all coins are in a downtrend now.
Sure it may be psychological, but people would rather buy a gpu with 10,000 coins than 10,000,000.
And they would rather buy or sell gpuc for .0001 btc than .00000010 btc. I think it is not too
late for a halving of block rewards. Max coin just did it last week and everything went fine. But
all coins are in a downtrend now.
I saw Maxcoin doing it last week as well. I thought it was a bad idea for them to do it.... I didn't think it went all that bad lol...
I keep voting, telling my friends about the coin, there's at least some marketing with free GPU's etc, but there isn't as much interest. :9
It really does not make a difference how many coins there are, but the rate at which new coins are produced or block time does
I've been saying for a while that 20,000/block at 3 difficulty is just producing too many coins.
Sure it may be psychological, but people would rather buy a gpu with 10,000 coins than 10,000,000.
And they would rather buy or sell gpuc for .0001 btc than .00000010 btc. I think it is not too
late for a halving of block rewards. Max coin just did it last week and everything went fine. But
all coins are in a downtrend now.
Sure it may be psychological, but people would rather buy a gpu with 10,000 coins than 10,000,000.
And they would rather buy or sell gpuc for .0001 btc than .00000010 btc. I think it is not too
late for a halving of block rewards. Max coin just did it last week and everything went fine. But
all coins are in a downtrend now.
Aaaaand, the current buy pressure is what comes from being at the top of the coinwarz list. All the mine-n-dumpers hit and roll once the buy pressure is gone.
waltsmith
Hey buddy, waltsmith
I can see you have included the signature, however, to officialy register to the contest and get tracked, please, post in the thread: https://bitcointalksearch.org/topic/contest-win-a-video-card-5-video-cards-to-be-given-away-550206
@ anyone else: come on, 4 graphic cards are waiting for you, register and adjust your signature!
Changing economy in this coin is not a good idea... 
It really needs some casino....
It really needs some casino....
The real issue right now is that GPUC isn't on any established/quality exchange. Mint vote mint vote mint vote mint vote mint vote! (Do not use cryptorush)
Do u ship in europe 
This may have some more attention.
Could someone please give an answer to this question please?
I found a post on another site that says "Overseas shipping will be extra."
Do u ship in europe
This may have some more attention.
Could someone please give an answer to this question please?
I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows..
IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..
IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..
I agree the coin economy is misaligned with business growth at present... it's kind of a scary downwards spiral atm.
You know.. we could hard-fork this coin and reduce rewards or change rewards schedule, as needed... could still pull it off at this point given low adoption rate. Just requires everyone to updated their clients.
I agree we need to do something, but others have a point about the direct market manipulation. But if it needed to be done, this is the best time. There is just too many coins available at the moment, which people can just mine and dump easily.
I don't know if it were to make a difference if we reduce the rewards, would it?
Yes it will be mined, but miners will move in and out quickly and your network will not gain growth momentum since it is so fast, you can mine market cap quickly while nethash is low and move on.. you can`t build up network that way.. only if the whole crypto-community jumped from start which is unrealistic expectation.. you need TIME so word can spread... I mean 6 months halving, do you expect everyone to know about coin from day 1?
yes it will take time to recover, but it will be ruined immediately, and people could leave to mine more profitable coin.. which means it will not recover in that case..
yes it will take time to recover, but it will be ruined immediately, and people could leave to mine more profitable coin.. which means it will not recover in that case..
It will be mined if it's worth it to mine. If the inflation rate is cut now it *won't* be worth it to mine. That is, unless the coin price rises to compensate which is not something I would expect to happen automatically.
Why would you mine for days, months, when you can mine percentage of the market cap in few days and move on ?
I don't think the 1 minute blocks are a problem but agree that the inflation rate is obviously too high right now. 200M coins/week is a lot considering the size of the business. If Jaymes had more $ to invest in inventory perhaps it would be ok.
Problem is, if you cut the inflation rate, will people mine it? Hash rate is already pretty low, the only way to keep people hashing is for the inflation rate to fall AND the value of the coins to rise to compensate. It's not clear to me that the second part would follow the first and if it didn't the coin would die.
On the other hand only 616M coins have been mined of the 13.5B total (plus the premined coins so about 1B total exist) so if it's going to happen now would be the time to do it.
Problem is, if you cut the inflation rate, will people mine it? Hash rate is already pretty low, the only way to keep people hashing is for the inflation rate to fall AND the value of the coins to rise to compensate. It's not clear to me that the second part would follow the first and if it didn't the coin would die.
On the other hand only 616M coins have been mined of the 13.5B total (plus the premined coins so about 1B total exist) so if it's going to happen now would be the time to do it.
I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows..
IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..
IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..
I agree the coin economy is misaligned with business growth at present... it's kind of a scary downwards spiral atm.
You know.. we could hard-fork this coin and reduce rewards or change rewards schedule, as needed... could still pull it off at this point given low adoption rate. Just requires everyone to updated their clients.
Well, it is up to ya`ll to decide, but pumping half of the coin cap in just 6 months is insane and you already have ~10% of the market cap out..
It would be also good to lower transaction confirmations because there is no need to have it at 1 minute for each block, its not like customers are standing and waiting in line that you need fast confirmations. Confirmation time have direct implications on blockchain security.. here is a good article on this subject: http://bitcoinmagazine.com/8972/quarkcoin-noble-intentions-wrong-approach/
But again.. changing coin economy is very bad, because there are big miners that mined a lot already and have moved to other coins since this one is so fast and you might loose trust of the people because it is a direct market manipulation
I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows..
IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..
IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..
I agree the coin economy is misaligned with business growth at present... it's kind of a scary downwards spiral atm.
You know.. we could hard-fork this coin and reduce rewards or change rewards schedule, as needed... could still pull it off at this point given low adoption rate. Just requires everyone to updated their clients.
Do u ship in europe
I am wondering that too. Is this only for USA or do you ship internationally?
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