Re: [GPUC] GPU Coin

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.

This exactly. Surely he knows this and doesn't just use the current exchange avg. He can heavily influence the pricing using the first batch of GPU's he has already ordered.

This wont work if the GPU price is not linked directly to the exchange price someone only needs to crash the market to pretty much destroy the business.

The CEO has no risk if he lowers the costs of GPUC it takes to purchase a GPU. It'll actually make him richer with the 75million or so that he is currently holding. This will also make GPUC mining profitable. You can't base the price on the crappy exchange it's on now. Half of the people on this forum has probably never heard of bittrex or whatever it is, let alone be willing to deposit BTC's in there and I don't think it'll make it to a big exchange before the store opens. But you never know.