Quote from: Jherek on March 10, 2014, 03:29:40 PM

Quote from: tomewok on March 10, 2014, 03:18:52 PM

Quote from: Jherek on March 10, 2014, 03:04:50 PM

Quote from: Danz0r77 on March 10, 2014, 02:33:08 PM

Quote from: Jherek on March 10, 2014, 02:29:40 PM

Quote from: smartalxx on March 10, 2014, 02:21:58 PM

I think the price for GPUC should remain fairly stable, once the store opens up and we have some idea about how many GPUC it will cost to get one GPU. I think the GPUC should be in some way self-correcting because anyone who buys GPUC to get a GPU is going to check it against the value of BTC and their national currency. The volatility might be more connected to BTC volatility than manipulation of the GPUC market.

The only way I see extreme volatility is if there's a lot of dumping all at once or if the GPUC store is the only place where you can find, for example, 290x GPUs.

Honestly, if you believe anyone mines that coin to buy GPUs you are just naive.

Who mines it is planning to dump it as soon as the price is profitable enough. Some of the miners bet on people that are expected buy this coin to get GPUs, but really look at it: You get GPUs quicker and cheaper on big markets than here - especially outside of north america. As said before, the whole model is a flaw, and if the creators are aware of the flaw instead of being totally naive, a scam.

That's not true though. If I can get a GPU cheaper using GPUC than using $ then I'll use my GPUC for it. There's no reason for me to dump it on an exchange and convert it to $ just to buy a GPU that's more expensive.

>implying majority of miners want GPUs

Are you really trying to greentext on a forum ?

No, I am trying to ask who they think will buy all the GPUs and why the top miners, these with huge rigs (30+ mH on scrypt-n) mining, wouldn't dump them to get BTC instead of actually buying GPUs

Maybe because the reason they have 30MH's rig in the first place is that they have always reinvested profits back into there mining set up.

GPUC gives them an easier/cheaper way of doing it, so that next time they will have a 40MH's rig