Post
Topic
Board Announcements (Altcoins)
Re: [GPUC] GPU Coin | Launch 02MAR14 | IPO Available
by
GPU Coin
on 23/02/2014, 23:37:07 UTC
I have some doubt that you will be able to get the supply you request. I have been in contact with almost every single online computer retailer since before Christmas. Demand is high/supply is low... everything was on backorder I had to prepay for 4-280xs. 2 came in 1.5 months and the other in 2 months. Luckily I did because now prices are 25% higher. Not counting you out but it's hard to see how you will convince wholesalers to do business with you over the likes or NCIX and Tigerdirect. Unless of course demand deminishes.
Nonetheless I wish you luck... I will support the coin by mining, I am still weiry about IPOs. Hope your plan works out for a discount GPU source, the market is competitive good luck

You have some good points.  I am still thinking about the IPO.  My concern is, if the store does not open within 2 weeks after launch due to backorders or whatever, the price of the coin could tank. It would be best if the dev had the GPU's in hand before the launch.  

We are trying to make orders well in advance, but the lack of IPO investors is hindering our ability.  We will try to work with our distributor on Monday to see if they can make a small order of 10 GPUs based on our previous credit lines with other distributors. 

Tigerdirect and Newegg have thousands of products they must all have on hand, while we are functioning as a specialty store.  That means all of our capitol will be spent on the GPUs.  We can't buy from the manufacturers directly because they require a minimum of $1,000,000 USD monthly, but we do meet the requirements for distributors and already have accounts set up with them.  We can beat the large retailers pricing because we get them just as cheap as they do, and don't require as high of a profit margin since our overhead costs are minimal.