Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 78. (Read 421398 times)

We need to promote the coin more if it's ever to succeed. As for the exchanges part, i agree with jimlite that we have to focus our efforts towards getting listed on mintpal. Some of us keep voting as much as we can but we need more people helping.

Nope if anything it helps... keeps the sale volume low, and keeps the coins safe, within your own level of responsibility..   bitcoin BUY volume is what helps the coin... if you have 1700 Bitcoin worth of people posting their coin for sale, and 3 bitcoin of people wanting to buy, thats what depresses the price... Ill give you an idea of perspective.

Maxcoin - as much as I hate to mention that garbage coin, when it was released, it had 900+ Bitcoin (almost 1 million dollars) of people wanting to BUY maxcoin with their bitcoin.. The price reflected it as well. That was a mine and dump coin, I feel sorry for the folks that were stuck holding that.

GPUcoin - during its 40 satoshi level, had 5-6 bitcoin worth of buy support, which means that toolbag small miners kept knocking the price down, and devaluing it..   I'd say presently price has to do with low volume from the unknown exchanges bittrex / atomic-trade (which actually happens to be a licensed exchange with USD support), and the ongoing mess at cryptorush.in   Its a good time to buy right now, and mine for that matter, I have 51mh of pressure on it.. I can afford to wait the price out. It will swing around, especially if it hits mintpal and or cryptsy... Mintpal you need to buy your way onto... Hopefully the CEO will release some of that Seed money from the IPO to get us onto it. otherwise, technically he wont be able to resell those GPUcoins once those cards are gone.

No, the coins are safest in your wallets on your pc/laptop what ever you choose.. Try and make an offline wallet if possible or keep them on a huge mem stick with a backup of your wallets data. Unfortunately to trade w have to send the coins to the exchange. This is where it becomes unsafe. I think all exchanges should get lost and close. they are all crap. why someone doesn't just create a program that allows people to exchange their coins without the need of anyone owning the exchange.

like the bitcoin itself and earn commission for the exchanges for keeping the program running like us miners do, keeping a ledger on their systems that cant be hacked and exchangable from the wallets themselves.

I was finally able to get to my balances on cryptorush, but it took about 45 minutes of constantly getting the cloudflare page (or whatever ddos protection). I luckily don't have any balances to get out of there, cause I have never trusted them enough to leave anything there. If I had something to actually withdraw, I'm guessing it may have taken anoth 30-45 minutes of continually reloading things.

In short, I think if you are very persistent, you should be able to get your stashes out.

I wish you all the best of luck!!

...and go vote on Mintpal --> https://www.mintpal.com/voting

i'm still pretty new to the exchange and how that effects things.
so from previous comments, if the exchanges have low volume, does that mean my coins sitting on my computer hurts the value of the coin?

Sigh. I'm in the same boat as you. Trying to buy GPUCoin to keep it going now I have 2 mil coins just in that account and I can't do anything about it.

Let's hope they let just access it and withdraw.

I am currently in contact with a few exchanges to try and get GPUC back up to the trading volume we were at.  It's certainly not good that our best exchange is now having difficulties staying afloat.

I have spoken to part of the team.  I am very aware and concerned with Cryptorush.  Everything you have heard is probably true.  We need an exchange we can trust.  We think Mintpal is the next logical step, and hopefully Cryptsy once we have the community and volume.  I would not keep anything you can not afford to lose at Cryptorush right now. There is too much bad tweets from people long in the cryptoworld and if you just go sit in on their irc channel, you can watch the disaster unfold in real time.  Until Mintpal, I think Bittrex and Atomic would be our best exchanges, problem is they are not well known, but their security and professionalism is way above Cryptorush (at least lately).

+1 I personally do not trust cryptorush. It's just my opinion.

I just did the same.  Had a couple million sitting there I didn't care to lose.

Whats that about, i must of missed that trying to sort out my crappy fluttercoin wallet. Anyone here have any fluttercoins with a full block chain loaded. that i can have to drop into the folder, i cant seem to get passed block 15553

Dont know how you even managed to pull a single coin out, i cant even navigate a single page on the site without it dropping out.

Prob continued ddos attacks since yesterday. The blackcoin exploiters were not happy...

I don't feel there is anything wrong with cryptorush and going to close, its just laggy.

No, i feel that the prices of coins has dropped of considerably, so will be looking to stop for a while. Doesn't mean you all have to. its my choice. to be honest, there are far too many exchanges. there need so t be some regulation on the amount of exchanges that pop up.

I wouldn't stop mining because of the exchange - just get any funds left in there out to a wallet.

Things don't look good and it might be a good idea for everyone who has coins there to withdraw them.

Not sure whats going on really, i might just switch off my miner for a few weeks until it all picks up again.

Well I've pulled everything I had out of Cryptorush, seems like it's on the way out?

I love cryptsy most stable exchange along with mintpal to date. I am not so keep on crypto rush always drops out, don't mind it, but pain in the arse when your about to close a deal it drops out.

OMG, been away for like a few days and the price of GPUcoin has plummeted to half what i paid. Not good, to be honest. i think there is a market correction going on. And many of the smaller miners will simply drop out, anyone who cant survive without a decent profit will go under. this is dangerous, as no money flowing will mean a further decline on the prices.

But at the same time, as there are less coins turning up on the market as people dump their last to survive. We will see a very gradual climb again. I know for a fact that there is technology planned to boost the bitcoin market, with the introduction of miners, bitcoin ATMs and other payment machines for fuel etc..

So bitcoin is not dead, and will never be that way. So grab yourself a bargain while you can.

On another note, GPUcoin why did you not market the coin before launch with a few of the bitcoins you had from the IPO working with professionals. Thats how i would have done this.

Unfortunately showing signs of unprofessionalism. But hey we were all there once.

Remember people there is more to come from BItcoin and all the other coins, well some anyway that aren't completely pointless that is.

Ah, regarding the R7, great price by the way, but simply can not compete with the UK, as your delivery prices are more than double the price of the GPU.

No offence to the CEO, but he has no experience with companies, what company has he run before thats what i would like to know. Im no expert, but i would say none.. Anyway the bitching aside, he did stay well communicated with the IPO members and stuck to his word on everything so far. But man, come on get this coin marketed.. Where did that spelling mistake member go managing the marketing..

Come on lets make some waves on this coin, spread the word.. Post to facebook, twitter and lets kick this coin to the moon, damn it, now i am even saying it, that damn moon coin.. Dont forget to vote at mintcoin, I shouldn't be doing this, why am i doing this..am i getting paid, don't think so, wheres that marketer, wheres the communications team. there isnt one. doh.. Come on..

Regards,

M