Topic: [GPUC] GPU Coin | Mandatory Wallet Update - page 99. (Read 421398 times)

Quote from: SP4RK7 on March 20, 2014, 05:36:30 AM

*MONEY NUMBER QUOTES*

*ANOTHER QUOTE*

*QUOTE*

*OH GOD, THE QUOTE HORROR*

*SO MANY QUOTES

*INSERT MORE QUOTE*

Regardless of whether I feel GPUC is gonna skyrocket or crash, I can see why the idea behind this coin lends itself to price increases.

ASSUMPTIONS:
1) That the prices of the store are updated regularly, but not instantaneously to the market price of GPU/USD (via BTC)
2) No-one is gonna pay more than USD value of a graphics card from another store (though that can only actually increase the value faster than this theory).
3) That people are fairly secure that they'll actually get their GPUs

Let's say that a GPU costs $500, and GPU Coin's store is selling for $400 (an extreme example of the discount, but round numbers are easy) based on the initial market value of GPUC. And say (theoretically) that at the time the GPUC/USD is 100k = $400. People are gonna want to buy GPUs with GPU coin. Simple money equation. Why spend more?

BUT, because everyone wants to buy GPUC to get these GPUS, prices are gonna slowly push up. Which is fine for the buyers, until it hits $500 per 100k GPUC. So say that it gets to about $450 per 100k GPUC before they change the store prices to reflect what they've set. Now it's back to $400. Repeat process ad infinitum.

Now I'm PRETTY SURE that the whole quote war above is ignoring the whole "will adjust prices to reflect market equivalence" not being a one off when the store launches.

NickPortland

member

Activity: 98

Merit: 10

I thought GPU prices were gonna be whatever the market equivalent in GPUc was?

Or has that been changed?

madbit1000

sr. member

Activity: 415

Merit: 250

Quote from: SP4RK7 on March 20, 2014, 05:36:30 AM

Just thought I would post this calculation to show why I believe GPUC will be a success and will be used by people who haven't even mined any.

I pulled all the figures off crypto-rush exchange about 20 mins ago.

So lets say you have only just heard of GPUC and your balance is at 0

Current BTC price is around $600

According to the front page the selling price of a R9 280x will be $480 which is 0.8 BTC

At the current price of 0.00000029 you will need 2,758,620 GPUC to purchase a 280x

As the price is going to be directly linked to the exchange, as the price in GPUC/BTC goes up the amount of GPUC you will need comes down.

Buy 323,814.75 GPUC at 0.00000029 = 0.09390268 BTC
Buy 137,152 GPUC at 0.00000030 = 0.04114560 BTC
Buy 50,000 GPUC at 0.00000031 = 0.01550000 BTC
Buy 30,000 GPUC at 0.00000033 = 0.00990000 BTC
Buy 100,964.12 GPUC at 0.00000034 = 0.03432780 BTC
Buy 502,354.18 GPUC at 0.00000035 = 0.17582397 BTC
Buy 667,799.73 GPUC at 0.00000036 = 0.24.4.790 BTC
Buy 25,820.54 GPUC at 0.00000037 = 0.00955360 BTC
Buy 35,000 GPUC at 0.00000038 = 0.01330000 BTC
Buy 58,240 GPUC at 0.00000039 = 0.002271393 BTC

Now as you have pushed the price up to 0.00000039 you will only need a total of 2,000,000 GPUC at 0.00000040 to purchase a 280x

Buy 68,853.85 GPU at 0.00000040 = 0.02754154 BTC

So you now have a total of 2,000,000 GPUC enough to purchase your 280x

Where this gets interesting is when you add up how much it has cost you in BTC to purchase those 2,000,000

you will need to spend 0.6636 BTC which is roughly $398 that's $82 cheaper than if you bought from the store directly in $

This is only an example, and once things get up and running properly, there will be more volume on the exchange, and you may only push the price from say 0.00000029 up to 0.00000034
to get you desired amount of GPUC but the same principle applies.

There is a flaw, in that the price will only go up to a level that is equal to the price of a gpu or less. otherwise people will just go and pay for one with cash.. So the price can only go so high any more and people will be throwing away money..

I'm not sure exactly what you mean.

Surely the price of GPUC can go to whatever the market pushes it to.

If in the unlikely event it went up to say 0.001 BTC you would then need only 800 GPUC to purchase a 280x using the above figures.

800 x 0.001 = 0.8 BTC you would never pay more than what the graphics card is worth BTC/GPUC/$ value

Ok, look at it like this. Why buy gpucoin? to get a gpu, am i right.. or am i wrong.. If i am wrong and the people buy just because they want to make money on the coin, buying and selling the coins, then we will could still see a steep rise. But i have doubts, because if people know what the coin is being used for purchasing the gpu's then they would not buy coins that work out more expensive than buying one in a store..

Where are you getting more expensive than in a store from?

As I posted in the calculation using those figures (which may not be accurate as far as the $ sale price of a 280x) You are getting a $480 graphics card for $398

If when the shop front opens the sale price in $ of a 280x has come down to say $400 then you would get one for about $320

Your missing the point, you are looking at this from a sellers perspective and as a miner and not a buyers perspective, which is important as this will determine the price not the sellers.. As i said before the price on the exchange is only governed by what people will pay, Yes.. Then why would the price rise any higher than what it costs me to buy one in the shops with cash. Meaning why waste my time buying GPU coins that will be the same price as they are to purchase a gpu in the shops. Whatever gpu coin sells their gpus for, this makes no difference unless someone can buy the coins when the price is low and sell high. etc.. The price of gpucoin will be going up and down all day long.. But will never go any higher than the price of a gpu in the stores. As people will simply spend their money on one from a store or from gpucoin themselves. The price is irrelevant cancels itself out.. Unless they have something else of a higher value than the gpus. Price has just risen to 0.00000044 by the way.

In fact as the coins become harder to mine, less people will want to bother. And the whole idea will just fizzle out.

Now, i could be completely off track here and would like someone to correct me where possible if they think i am incorrect.

I wish GPU coin every success as i am an IPO member myself i want to gain from this coin. But when you mentioned the price structure above, something made me realise they MAY have problems as it currently stands.

tavirosu

member

Activity: 83

Merit: 10

Just thought I would post this calculation to show why I believe GPUC will be a success and will be used by people who haven't even mined any.

I pulled all the figures off crypto-rush exchange about 20 mins ago.

So lets say you have only just heard of GPUC and your balance is at 0

Current BTC price is around $600

According to the front page the selling price of a R9 280x will be $480 which is 0.8 BTC

At the current price of 0.00000029 you will need 2,758,620 GPUC to purchase a 280x

As the price is going to be directly linked to the exchange, as the price in GPUC/BTC goes up the amount of GPUC you will need comes down.

Buy 323,814.75 GPUC at 0.00000029 = 0.09390268 BTC
Buy 137,152 GPUC at 0.00000030 = 0.04114560 BTC
Buy 50,000 GPUC at 0.00000031 = 0.01550000 BTC
Buy 30,000 GPUC at 0.00000033 = 0.00990000 BTC
Buy 100,964.12 GPUC at 0.00000034 = 0.03432780 BTC
Buy 502,354.18 GPUC at 0.00000035 = 0.17582397 BTC
Buy 667,799.73 GPUC at 0.00000036 = 0.24.4.790 BTC
Buy 25,820.54 GPUC at 0.00000037 = 0.00955360 BTC
Buy 35,000 GPUC at 0.00000038 = 0.01330000 BTC
Buy 58,240 GPUC at 0.00000039 = 0.002271393 BTC

Now as you have pushed the price up to 0.00000039 you will only need a total of 2,000,000 GPUC at 0.00000040 to purchase a 280x

Buy 68,853.85 GPU at 0.00000040 = 0.02754154 BTC

So you now have a total of 2,000,000 GPUC enough to purchase your 280x

Where this gets interesting is when you add up how much it has cost you in BTC to purchase those 2,000,000

you will need to spend 0.6636 BTC which is roughly $398 that's $82 cheaper than if you bought from the store directly in $

This is only an example, and once things get up and running properly, there will be more volume on the exchange, and you may only push the price from say 0.00000029 up to 0.00000034
to get you desired amount of GPUC but the same principle applies.

There is a flaw, in that the price will only go up to a level that is equal to the price of a gpu or less. otherwise people will just go and pay for one with cash.. So the price can only go so high any more and people will be throwing away money..

I'm not sure exactly what you mean.

Surely the price of GPUC can go to whatever the market pushes it to.

If in the unlikely event it went up to say 0.001 BTC you would then need only 800 GPUC to purchase a 280x using the above figures.

800 x 0.001 = 0.8 BTC you would never pay more than what the graphics card is worth BTC/GPUC/$ value

Ok, look at it like this. Why buy gpucoin? to get a gpu, am i right.. or am i wrong.. If i am wrong and the people buy just because they want to make money on the coin, buying and selling the coins, then we will could still see a steep rise. But i have doubts, because if people know what the coin is being used for purchasing the gpu's then they would not buy coins that work out more expensive than buying one in a store..

Where are you getting more expensive than in a store from?

As I posted in the calculation using those figures (which may not be accurate as far as the $ sale price of a 280x) You are getting a $480 graphics card for $398

If when the shop front opens the sale price in $ of a 280x has come down to say $400 then you would get one for about $320

Indeed, just like any other crypto coin, if you had X ammount or bought low before and the price goes up you are making profit. Applied to this coin and means in the end that profit can get transformed into getting a graphic card at a lower then regular price.

SP4RK7

sr. member

Activity: 294

Merit: 250