Re: [GPUC] GPU Coin | Launch 02MAR14

Quote from: vesperwillow on February 27, 2014, 02:56:41 AM

GPU Coin, I noticed you responded to several things in a row but you skipped over this. What's your response? (relevant quotes below)

Quote from: Shadow_moon on February 26, 2014, 03:32:43 PM

Quote from: Lordoftherigs on February 26, 2014, 02:56:38 PM

I like the idea of this coin but the IPO seems very imbalanced.

for 0.1BTC you can get 3.8 million coins. That is exactly 190 blocks at their highest values ( as the block rewards will be halving ). Now with one minute time per block imagine how hard will be to mine this amount of GPU blocks. It will literally take you months if you have a good rig.

These amounts for which the GPU coin is being sold right now in IPO will also determine the value of the coin. I know that this coin is aimed to be used for buying GPU but if you can get 3.8 milion coins for 0.1 btc then price of a graphic card will be like 20 million coins or more. In my opinion ridiculously huge amount and totally unobtainable by mining.

IPO bounty will change if IPO gather more BTC, like stackcoin 60 BTC. This will mean 1 BTC = 3.8 millions. It will great if IPO gather 100-150 BTC for intersting quotation.
On the other hand 250.000.000 / 20000 = 12500 minutes. 12500 / 60 / 24 = 8.6 days, and it does not seem much greater.

Hopefully there will be more IPO members, but if not then this is completely accurate and you would be better off investing than mining. This is a free market, so while this may seem imbalanced what will end up happening is the IPO investors will make a killing of a ROI while the miners and network hash rate will set the prices.