Quote from: polarpanda on March 13, 2014, 04:26:01 PM

Quote from: jimlite on March 13, 2014, 03:21:03 PM

Well, here is my problem, and I have been mining this since the start (each one).
I usually mine a coin 24/7 and sell just enough of it to cover my electric bill,
holding the rest (for gpus!). Now I can't do this anymore since the price on the
small exchanges is so low and no buyers. So I mine GPU coin a little and spend
the rest of the day at clevermining, wafflepool, hashcows, or middlecoin. You
guys need to promote and get the value up, and at least a medium volume
exchange is needed so people can buy GPU coin by selling their other mined coins.

That's how it goes. As long as electricity can be turned into GPUCoins, it is roughly the max price of the coin.

If there, for some reason, was shortage of the GPUCoins and at the same EXACT time a big supply of graphics cards available, then the price might momentarily exceed the cost of creating more coins.

There will be a shortage in 457 days, the mining schedule as it appears in the ANN is only 457 days since the block rewards do not halve. So in roughly a year and a half miners will only get transaction fees, which is a fairly short schedule.