Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 67. (Read 421398 times)
When can a good currency , ah, good market slump
Changing the algo would be good too... My cards don't like at all scrypt-n (runs too hot, easy driver crash...) take something like fugue, heavycoin or groestl Nvidia people will be happy. 
No it won't. With scrypt asics comming into the market, only coins like this can be safe to mine with people with GPU's. Only real issue with the coin right now is it's marketing, or lack of it. That and with the low trading that's trigger by the whole btc market right now, means the coin is dirt cheap.
Read my post ....
Scrypt asic ... can only mine SCRYPT algo
Changing the algo would be good too... My cards don't like at all scrypt-n (runs too hot, easy driver crash...) take something like fugue, heavycoin or groestl Nvidia people will be happy.
No it won't. With scrypt asics comming into the market, only coins like this can be safe to mine with people with GPU's. Only real issue with the coin right now is it's marketing, or lack of it. That and with the low trading that's trigger by the whole btc market right now, means the coin is dirt cheap.
You know, I just thought of a great idea to get this coin rolling, all the people that read, follow, and support this coin, but rarely or have never posted here, please post and introduce yourselves! We all would love to meet you and hear any comments that you may have. Also, I personally have had 4 280x's pointed exclusively at GPUC since launch, and yeah, i'm talking I solved like 5 blocks at oakpool when the reward was still 1 coin. But, the troubles we have had are just not helping buy pressure at all. I'm considering pointing two of my cards at litecoin, dogecoin, vertcoin or some such other high volume coin that I can mine and dump and move the BTC over to put buy pressure up on gpucoin, not even necessarily buying it outright, just putting up the highest bid, and letting the dumpers sell to me. I'll probably get more coin, and boost the price. The only hesitation I have is that the network hash is so low right now. But, I'm thinking that if we watch it carefully, in a couple days we could boost the price and volume all by ourselves, even on our small exchanges,without any help, and that will bring back a few miners when the price goes up some, etc. What y'all think?
waltsmith
waltsmith
You know one idea is.. maybe we can switch over to POS, and then setup a reverse-multipool like BC..
Micryon - You could flip to X11 hashing (which would give the coin some popularity, and reduce block rewards by .5), or switch the POS and work on the multipool..
Or take a combination of them both... since the multipool will take a while to configure.
Start with an X11 / .5 Fork - advertise it, then say in 30 days we are switching to pure POS, and a multipool will launch with it.
The main problem with this coin right now is that it is nearly impossible to get a gpu by mining the coin (unless you have as much gpu as the store...). I think the block reward is already too small as the coin will be falling below the 10sat... (increase by ten the reward would be a best move).
Although, I think the idea was good. It shows clearly one thing: cryptocurrencies are not yet ready for supporting a business model.
(or it should have been planed with a retail value of 1sat all along, in which case it could work a bit better)
Changing the algo would be good too... My cards don't like at all scrypt-n (runs too hot, easy driver crash...) take something like fugue, heavycoin or groestl Nvidia people will be happy.
+1 for that ....
if u guys can add another algo like Myr COIN they got many algo for mining .
since i hate N-scyrpt algo and so do my cards ... i don't mine anything that is N-adabtive
QUBIT algo or groestl or heavy .. run way cooler and stable
You know, I just thought of a great idea to get this coin rolling, all the people that read, follow, and support this coin, but rarely or have never posted here, please post and introduce yourselves! We all would love to meet you and hear any comments that you may have. Also, I personally have had 4 280x's pointed exclusively at GPUC since launch, and yeah, i'm talking I solved like 5 blocks at oakpool when the reward was still 1 coin. But, the troubles we have had are just not helping buy pressure at all. I'm considering pointing two of my cards at litecoin, dogecoin, vertcoin or some such other high volume coin that I can mine and dump and move the BTC over to put buy pressure up on gpucoin, not even necessarily buying it outright, just putting up the highest bid, and letting the dumpers sell to me. I'll probably get more coin, and boost the price. The only hesitation I have is that the network hash is so low right now. But, I'm thinking that if we watch it carefully, in a couple days we could boost the price and volume all by ourselves, even on our small exchanges,without any help, and that will bring back a few miners when the price goes up some, etc. What y'all think?
waltsmith
waltsmith
You know one idea is.. maybe we can switch over to POS, and then setup a reverse-multipool like BC..
Micryon - You could flip to X11 hashing (which would give the coin some popularity, and reduce block rewards by .5), or switch the POS and work on the multipool..
Or take a combination of them both... since the multipool will take a while to configure.
Start with an X11 / .5 Fork - advertise it, then say in 30 days we are switching to pure POS, and a multipool will launch with it.
The main problem with this coin right now is that it is nearly impossible to get a gpu by mining the coin (unless you have as much gpu as the store...). I think the block reward is already too small as the coin will be falling below the 10sat... (increase by ten the reward would be a best move).
Although, I think the idea was good. It shows clearly one thing: cryptocurrencies are not yet ready for supporting a business model.
(or it should have been planed with a retail value of 1sat all along, in which case it could work a bit better)
Changing the algo would be good too... My cards don't like at all scrypt-n (runs too hot, easy driver crash...) take something like fugue, heavycoin or groestl Nvidia people will be happy.
Wallet still doesn't compile on any linux since its looking for a static lboost version...awesome!
just saw the market place. pretty sweet for a young coin!
You know, I just thought of a great idea to get this coin rolling, all the people that read, follow, and support this coin, but rarely or have never posted here, please post and introduce yourselves! We all would love to meet you and hear any comments that you may have. Also, I personally have had 4 280x's pointed exclusively at GPUC since launch, and yeah, i'm talking I solved like 5 blocks at oakpool when the reward was still 1 coin. But, the troubles we have had are just not helping buy pressure at all. I'm considering pointing two of my cards at litecoin, dogecoin, vertcoin or some such other high volume coin that I can mine and dump and move the BTC over to put buy pressure up on gpucoin, not even necessarily buying it outright, just putting up the highest bid, and letting the dumpers sell to me. I'll probably get more coin, and boost the price. The only hesitation I have is that the network hash is so low right now. But, I'm thinking that if we watch it carefully, in a couple days we could boost the price and volume all by ourselves, even on our small exchanges,without any help, and that will bring back a few miners when the price goes up some, etc. What y'all think?
waltsmith
waltsmith
You know one idea is.. maybe we can switch over to POS, and then setup a reverse-multipool like BC..
Micryon - You could flip to X11 hashing (which would give the coin some popularity, and reduce block rewards by .5), or switch the POS and work on the multipool..
Or take a combination of them both... since the multipool will take a while to configure.
Start with an X11 / .5 Fork - advertise it, then say in 30 days we are switching to pure POS, and a multipool will launch with it.
so far, I have not dumped a single GPUC. Either from the IPO or mining. Sitting on 10mil.
The CEO and dev team kept all their promises and launched the site successfully and sold dozens of GPUs.
In this perspective, it is good and we rarely see any coin does that.
But I do feel bad about the marketing, PR, and promotion.
Nothing works unless people know about it.
Once the right amount of effort and most, if not all, steps to promote the coin have been taken, and the coin still behaves like this, nobody is gonna blame the team for anything because it was our choice to believe in the business model, and believe in you.
But so far, I don't understand what kind of work the CEO and the dev team have been doing so that it is eating all of their time such that the main thread is rarely updated, and the marketing & PR is just non-exisistence. Come on, you are saying the prices down because of Cryptorush issue???
If you have some kind of plan about how to do marketing & PR, can't you at least let your believers & investors know about it???
Like what, when and how type of things, not so hard to tell unless you don't have it to tell.
Are you really that busy and must all of your time be devoted on things that are so much more important than this?
Ok you got 70BTC in IPO, and brought in 44 280x. Where is the rest of the BTC? I thought you said everything was gonna go to the GPU stock. Sure you would not bring in all the stock all at once but at this rate, the coin will be dead before you sell out the first batch so that would be a legit reason to move on and take the rest of the IPO BTC?
Also what has the none-IPO premine been doing? Sitting there? Hire some experienced coin marketer & PR for GPU's sake.
The CEO and dev team kept all their promises and launched the site successfully and sold dozens of GPUs.
In this perspective, it is good and we rarely see any coin does that.
But I do feel bad about the marketing, PR, and promotion.
Nothing works unless people know about it.
Once the right amount of effort and most, if not all, steps to promote the coin have been taken, and the coin still behaves like this, nobody is gonna blame the team for anything because it was our choice to believe in the business model, and believe in you.
But so far, I don't understand what kind of work the CEO and the dev team have been doing so that it is eating all of their time such that the main thread is rarely updated, and the marketing & PR is just non-exisistence. Come on, you are saying the prices down because of Cryptorush issue???
If you have some kind of plan about how to do marketing & PR, can't you at least let your believers & investors know about it???
Like what, when and how type of things, not so hard to tell unless you don't have it to tell.
Are you really that busy and must all of your time be devoted on things that are so much more important than this?
Ok you got 70BTC in IPO, and brought in 44 280x. Where is the rest of the BTC? I thought you said everything was gonna go to the GPU stock. Sure you would not bring in all the stock all at once but at this rate, the coin will be dead before you sell out the first batch so that would be a legit reason to move on and take the rest of the IPO BTC?
Also what has the none-IPO premine been doing? Sitting there? Hire some experienced coin marketer & PR for GPU's sake.
Im also an IPO investor and i agree completely with this post.. the GPUcoin team delivered everything as they promise however.. it´s almost a joke how the CEO doesn´t care for the community and what are their thoughts. The idea of this coin is good..i still believe it ..but it won´t hold a month from now if he doesn´t concentrate everything in the heart of the coin, us.
So far i have seen this here:
-Good coin idea
-Honest CEO and team
-Extremely slow responses and updates
-No integration of the community in future plans
-Very slow promotion and marketing
Wow. So the store price is linked to atomic's highest buy price??? WTF Fix that before you murder your own coin
so far, I have not dumped a single GPUC. Either from the IPO or mining. Sitting on 10mil.
The CEO and dev team kept all their promises and launched the site successfully and sold dozens of GPUs.
In this perspective, it is good and we rarely see any coin does that.
But I do feel bad about the marketing, PR, and promotion.
Nothing works unless people know about it.
Once the right amount of effort and most, if not all, steps to promote the coin have been taken, and the coin still behaves like this, nobody is gonna blame the team for anything because it was our choice to believe in the business model, and believe in you.
But so far, I don't understand what kind of work the CEO and the dev team have been doing so that it is eating all of their time such that the main thread is rarely updated, and the marketing & PR is just non-exisistence. Come on, you are saying the prices down because of Cryptorush issue???
If you have some kind of plan about how to do marketing & PR, can't you at least let your believers & investors know about it???
Like what, when and how type of things, not so hard to tell unless you don't have it to tell.
Are you really that busy and must all of your time be devoted on things that are so much more important than this?
Ok you got 70BTC in IPO, and brought in 44 280x. Where is the rest of the BTC? I thought you said everything was gonna go to the GPU stock. Sure you would not bring in all the stock all at once but at this rate, the coin will be dead before you sell out the first batch so that would be a legit reason to move on and take the rest of the IPO BTC?
Also what has the none-IPO premine been doing? Sitting there? Hire some experienced coin marketer & PR for GPU's sake.
The CEO and dev team kept all their promises and launched the site successfully and sold dozens of GPUs.
In this perspective, it is good and we rarely see any coin does that.
But I do feel bad about the marketing, PR, and promotion.
Nothing works unless people know about it.
Once the right amount of effort and most, if not all, steps to promote the coin have been taken, and the coin still behaves like this, nobody is gonna blame the team for anything because it was our choice to believe in the business model, and believe in you.
But so far, I don't understand what kind of work the CEO and the dev team have been doing so that it is eating all of their time such that the main thread is rarely updated, and the marketing & PR is just non-exisistence. Come on, you are saying the prices down because of Cryptorush issue???
If you have some kind of plan about how to do marketing & PR, can't you at least let your believers & investors know about it???
Like what, when and how type of things, not so hard to tell unless you don't have it to tell.
Are you really that busy and must all of your time be devoted on things that are so much more important than this?
Ok you got 70BTC in IPO, and brought in 44 280x. Where is the rest of the BTC? I thought you said everything was gonna go to the GPU stock. Sure you would not bring in all the stock all at once but at this rate, the coin will be dead before you sell out the first batch so that would be a legit reason to move on and take the rest of the IPO BTC?
Also what has the none-IPO premine been doing? Sitting there? Hire some experienced coin marketer & PR for GPU's sake.
I've been mining this coin continuously since launch with my Asus R9 270x, only have about 180k coins. I settled on buying the 270x as my old Radeon 4890 was not cutting it for games anymore, but was really looking at a 280x when prices were sky high. I bought the 270x at $240 off amazon and then promptly lost my job the next day. First few days I spent mining random coins until I found the announcement that this coin would be launching soon. I spent the rest of the time making sure my card wasn't a dud, it kept giving me artifacts on the desktop for a few days, but finally settled down and only firefox/palemoon show artifacts, but from what I have read that is due to the browser itself. I would love to see this coin become profitable, it just feels like a good concept
If you happen to be running the 14.x beta catalyst drivers they are solid but do cause artifacts on desktop and in browsers. Known bug with the driver. I'm only running them cause I have the THIEF game that uses the mantle API and boy does it offer a performance increase!!!
waltsmith
I am running 13.12
I found a config for regular scrypt that the 270x can hit 500kh/s stable, I just can't get it to translate to scrypt-n, best I get is 230kh/s which is 20kh/s lower than I would like, but I'll deal with it. I also found a workaround to driver crashes/low hashrates. Device Manager > disable adapter and then re-enable it and your low hashrate should go back to normal once you reload vertminer/cgminer/sgminer.
I am fairly new at this mining stuff and wish I had gotten into mining back when Bitcoin launched when I first heard about it. I attempted it, but at the time felt it was just too difficult and dropped off. I think, at the time, Bitcoin was worth $0.10. I am really kicking myself about that.
I wouldn't mind seeing your scrypt config. I am getting 480 on my 270's and 490 on my 270x's right now, so pretty close but wouldn't mind a bit more.
I found the config here: http://www.reddit.com/r/dogemining/comments/1yx086/500_khash_with_270x_no_hw_stable/ and tested it, it worked for me, I just don't like running my 270x's memory that high for too long
I've been mining this coin continuously since launch with my Asus R9 270x, only have about 180k coins. I settled on buying the 270x as my old Radeon 4890 was not cutting it for games anymore, but was really looking at a 280x when prices were sky high. I bought the 270x at $240 off amazon and then promptly lost my job the next day. First few days I spent mining random coins until I found the announcement that this coin would be launching soon. I spent the rest of the time making sure my card wasn't a dud, it kept giving me artifacts on the desktop for a few days, but finally settled down and only firefox/palemoon show artifacts, but from what I have read that is due to the browser itself. I would love to see this coin become profitable, it just feels like a good concept
If you happen to be running the 14.x beta catalyst drivers they are solid but do cause artifacts on desktop and in browsers. Known bug with the driver. I'm only running them cause I have the THIEF game that uses the mantle API and boy does it offer a performance increase!!!
waltsmith
I am running 13.12
I found a config for regular scrypt that the 270x can hit 500kh/s stable, I just can't get it to translate to scrypt-n, best I get is 230kh/s which is 20kh/s lower than I would like, but I'll deal with it. I also found a workaround to driver crashes/low hashrates. Device Manager > disable adapter and then re-enable it and your low hashrate should go back to normal once you reload vertminer/cgminer/sgminer.
I am fairly new at this mining stuff and wish I had gotten into mining back when Bitcoin launched when I first heard about it. I attempted it, but at the time felt it was just too difficult and dropped off. I think, at the time, Bitcoin was worth $0.10. I am really kicking myself about that.
I wouldn't mind seeing your scrypt config. I am getting 480 on my 270's and 490 on my 270x's right now, so pretty close but wouldn't mind a bit more.
You wont get any higher on scrypt-n usually the figures are only around 40-50% of scrypt values.
I've been mining this coin continuously since launch with my Asus R9 270x, only have about 180k coins. I settled on buying the 270x as my old Radeon 4890 was not cutting it for games anymore, but was really looking at a 280x when prices were sky high. I bought the 270x at $240 off amazon and then promptly lost my job the next day. First few days I spent mining random coins until I found the announcement that this coin would be launching soon. I spent the rest of the time making sure my card wasn't a dud, it kept giving me artifacts on the desktop for a few days, but finally settled down and only firefox/palemoon show artifacts, but from what I have read that is due to the browser itself. I would love to see this coin become profitable, it just feels like a good concept
If you happen to be running the 14.x beta catalyst drivers they are solid but do cause artifacts on desktop and in browsers. Known bug with the driver. I'm only running them cause I have the THIEF game that uses the mantle API and boy does it offer a performance increase!!!
waltsmith
I am running 13.12
I found a config for regular scrypt that the 270x can hit 500kh/s stable, I just can't get it to translate to scrypt-n, best I get is 230kh/s which is 20kh/s lower than I would like, but I'll deal with it. I also found a workaround to driver crashes/low hashrates. Device Manager > disable adapter and then re-enable it and your low hashrate should go back to normal once you reload vertminer/cgminer/sgminer.
I am fairly new at this mining stuff and wish I had gotten into mining back when Bitcoin launched when I first heard about it. I attempted it, but at the time felt it was just too difficult and dropped off. I think, at the time, Bitcoin was worth $0.10. I am really kicking myself about that.
I wouldn't mind seeing your scrypt config. I am getting 480 on my 270's and 490 on my 270x's right now, so pretty close but wouldn't mind a bit more.
Right now in the UK, HMRC has not made a push for taxing people mining the coins or buying and selling on the exchanges. So we are clear for now. If GPUcoin needs to get into the UK market, there are millions of gamers to capture, also this is a fairly new market for us. Now a store based in the UK would be a good idea too, to keep delivery costs down, shipments could go to kind of uk delivery hub.
just a quick question/maybe suggestion.
for those that don't mine, but going off the suggestion of hitting up gamers and saying you can buy gpus at a discounted price. would it maybe be beneficial for the store to sell gpuc for cash?
mark it up a little higher than what the going rate is for exchanges, then this way, less needs dumped back into the exchanges and people can quickly buy a card using the gpu coin.
think of it like how xbox does their points, you're paying the value but with their own currency.
thoughts, comments, quibbles, queries?
the only downside i see to this is they would have to cover the fees for the method of payment. credit card processors charge a fee and even something like paypal would.
for those that don't mine, but going off the suggestion of hitting up gamers and saying you can buy gpus at a discounted price. would it maybe be beneficial for the store to sell gpuc for cash?
mark it up a little higher than what the going rate is for exchanges, then this way, less needs dumped back into the exchanges and people can quickly buy a card using the gpu coin.
think of it like how xbox does their points, you're paying the value but with their own currency.
thoughts, comments, quibbles, queries?
the only downside i see to this is they would have to cover the fees for the method of payment. credit card processors charge a fee and even something like paypal would.
I think it depends on how they set up their company. I think if they trade for gpucoins and then sell the gpucoins on the exchange for bitcoins and then for money. I don't think that they need to pay tax on that since coins are considered a commodity and they are trading it, or something like that. If they start selling for dollars etc then they have to file their income and pay taxes, since they are making money on their GPUs
Correct me if im wrong.
one of the first solutions for me is not aiming for the cryptomarket but getting the word out in the gaming community, were nothing compared to them, if the store can generate enough trust ( buyer feedback on the site would be great) and give peeps an easy way of obtaining gpuc store would be sold out instantly. but i just hope hendrix and the guys have already something up their sleeve.
Thats a good idea, like i said before this is where we need promotion. Now where is that promotional guy and what is he doing. if anything at all. I certainly haven't noticed it..
holy crap you pay too much for power.. ive been watching my power bill since I got 4-5 cards going, only 3x 270x and 1 270 in one rig and another rig for gaming/mining in downtime with a 270 and its only gone up like 4$ with 3 cards and $8 with all 5...im using a EVGA supernova 1300 gold 80+ psu.. id be looking into gridseeds if I was you.. and sell me your used cards on marketplace
Er, no..
you could sell at reg price to gamers but give them a discount in gpuc, like 5%, that way people would start trading,giving the coin away in gaming communitys themselves. might create a promotion on its own.
just a quick question/maybe suggestion.
for those that don't mine, but going off the suggestion of hitting up gamers and saying you can buy gpus at a discounted price. would it maybe be beneficial for the store to sell gpuc for cash?
mark it up a little higher than what the going rate is for exchanges, then this way, less needs dumped back into the exchanges and people can quickly buy a card using the gpu coin.
think of it like how xbox does their points, you're paying the value but with their own currency.
thoughts, comments, quibbles, queries?
the only downside i see to this is they would have to cover the fees for the method of payment. credit card processors charge a fee and even something like paypal would.
for those that don't mine, but going off the suggestion of hitting up gamers and saying you can buy gpus at a discounted price. would it maybe be beneficial for the store to sell gpuc for cash?
mark it up a little higher than what the going rate is for exchanges, then this way, less needs dumped back into the exchanges and people can quickly buy a card using the gpu coin.
think of it like how xbox does their points, you're paying the value but with their own currency.
thoughts, comments, quibbles, queries?
the only downside i see to this is they would have to cover the fees for the method of payment. credit card processors charge a fee and even something like paypal would.
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