Who's idea was it to make a coin that has no profit. Idiots.. Dev and CEO you haven't thought this through have you again.... It costs me about £3 per day to mine gpu coin,at the current rate i am getting 20k gpu per day. Now sell those on the exchange for $4 i just about break even.
Whats the point.... Do what everyone else is doing and mine other coins then buy on the exchange if you think there is any point..
cheers
Unlike other coins. GPU pricing sets the price of gpucoin. If the CEO wants to make his coin profitable. He will set the price of the GPU low. I say 750,000 to 1million per 280x sounds right. He doesn't even need to have the product in hand yet. Just create a webpage for his store and put "estimated gpuc price will be _________" The market will immediately correct itself. That's it. Easy peasy. Man, I wish I was in control of this coin.
The price of the new GPU's will be decided by the price of the coin on the exchange, the CEO says this on the first page.
That shouldn't be fixed. Bad choice if it is. Only top dog IPOs will be able to purchase them then. No one will want to mine it since it's not profitable (yet).
It's not fixed if the price goes up on the exchange which I think it will you will obviously need less GPUC to purchase a new GPU
for example as I stated earlier
at 0.00000045 (current price) you will need 1.725 million GPUC to purchase a 280x
at 0.00000450 (price coin started) you will need 172,500 GPUC to purchase a 280x this is only 8 days mining at current difficulty at 1 MH/s
True, but say it stays at the current price by the time the store opens in 2 weeks. Only IPO's like myself will be able to get one.