Quote from: GPU Coin on April 30, 2014, 08:25:18 PM

GPU Coin LLC now has no money and owes the bank $1500(should have never signed up for the business credit card). I originally bought the R9 280X cards for $472 each from a distributor since they were the only people who had any stock of any graphics cards, most likely due to their over inflated prices. The 270 and 240 were also bought at slightly above market value at the time. Shipping charges (including materials) averaged $27 for each item sent due to many international orders. I was selling at a loss thinking that the pre-mined GPUC and the inherent quality that most crypto coins are deflationary would make losses much smaller or negate them entirely. Then all the gpu prices across the web came crashing down and BTC dropped down real low effectively snubbing the market. The 8 way splitter I hired a company through e-lance to create cost me $4500 and it still has another 2 months of development before the milestone for delivery is completed. There were also various lawyer fees and legal documents I had to pay for just to set up the business end. The grand sum of the endeavour that I now have the 2 R9 270s and 20 R7 240 cards that I saved for the signature contest which I still need to front money to ship and now hundreds of millions of GPUC that there is no way of cashing to buy more stock. My private mining rigs have been churning away at other coins and dumping BTC to the Mintpal vote in hopes that this business venture could be saved, but with a lack of funds and essentially no stock, there seems like nothing I can think of to bolster this coin.

If there is anyone in the community that can think of anything that may help this coin, please come forth and share. I currently work two full time jobs to cover my sisters rent and my own so she doesn't have to worry about any more shootings, so my free time is limited, but PM me and I'll try my best to fix this situation.

I think there is way too many coins, this is the main problem!

So a good way to fix this would be to make a GPUC 2.0, with a lot less coins, while also making sure all current mined/bought coins remain valid.

So in GPUC 2.0 you would have to lower the block reward to say something like 100-500 coins. I think Scrypt-N algo is too hard for new people to use, and the future is all about energy efficiency, so maybe switch the algo to something easier to mine like Keccak or X11 etc.

Another thing that can boost adoption/price would be implementing POS into GPUC. Maybe do something like Blackcoin and switch to POS only after a certain future block, but not too far in the future (maybe a month or so). People would be mining/buying these things like crazy, imo. Then you would have a coin that is energy efficient and easy to mine, plus gives people another incentive to buy/mine (not just for buying GPUs). Imagine people would be able to buy GPUs with their POS mined coins (basically free).. now if that's not incentive enough, i don't know what is.

Good Luck!

JohnnyCrypto

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