A decline in the demand for GPUs is a factor contributing to this, but you would have to be delusional to think it is the only factor or even the main reason.

The way GPUCoin has been managed has been awful.  I think people who continue defend Jaymes are disconnected from reality.  Face it, he is a terrible businessman.  This entire business could be so much more than what it turned out to be - I am not sure GPUCoin will be the ones to make this business model work, unfortunately.

(in my opinion)