Bitcoin Monitor 45K recurring transaction

andes

jr. member

Activity: 42

Merit: 2

Quote from: spruce on June 25, 2011, 12:21:48 PM

Quote from: fitty on June 25, 2011, 12:01:10 PM

Quote from: andes on June 25, 2011, 11:59:28 AM

Quote from: DamienBlack on June 25, 2011, 11:58:23 AM

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.

Could be that, because the amount has been going down in time, but with some ups in the middle.

Isn't that just more people cashing out and MtGox sending it?

It looks like it. But my MtGox withdrawal a couple of blocks ago came from three smaller accounts, and not this 45k one.

I think I got it. This has nothing to do with accounts / wallets, but just with transactions (inputs and outputs). So that 45K is simply a big transaction going back and forth probably in MTGox wallet. Of course MTGox addresses have other (smaller) inputs too, which it can use to pay to you or anyone else. What we see in BTC monitor are not wallets or addresses but simply transactions (inputs and outputs).

andes

jr. member

Activity: 42

Merit: 2

Quote from: spruce on June 25, 2011, 12:21:48 PM

Quote from: fitty on June 25, 2011, 12:01:10 PM

Quote from: andes on June 25, 2011, 11:59:28 AM

Quote from: DamienBlack on June 25, 2011, 11:58:23 AM

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.

Could be that, because the amount has been going down in time, but with some ups in the middle.

Isn't that just more people cashing out and MtGox sending it?

It looks like it. But my MtGox withdrawal a couple of blocks ago came from three smaller accounts, and not this 45k one.

Coud it be Tradehills wallet then?

spruce

full member

Activity: 140

Merit: 100

Quote from: fitty on June 25, 2011, 12:01:10 PM

Quote from: andes on June 25, 2011, 11:59:28 AM

Quote from: DamienBlack on June 25, 2011, 11:58:23 AM

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.

Could be that, because the amount has been going down in time, but with some ups in the middle.

Isn't that just more people cashing out and MtGox sending it?

It looks like it. But my MtGox withdrawal a couple of blocks ago came from three smaller accounts, and not this 45k one.

andes

jr. member

Activity: 42

Merit: 2

Quote from: relative on June 25, 2011, 12:16:09 PM

payment and change are interchangeable, they are both outputs of the transaction. no one knows which one is which.
but in this case you are most likely right.

Thanks, you are right. I cheked up the bitcoin wiki, and it is exactly what you say. Every output must come from a complete input, so if your output is smaller than the past input, you have to make two outputs, one to the recipient, and one to yourself, called change.

relative

newbie

Activity: 56

Merit: 0

payment and change are interchangeable, they are both outputs of the transaction. no one knows which one is which.
but in this case you are most likely right.

andes

jr. member

Activity: 42

Merit: 2

Bitcoin Monitor shows every transacion in this format:

Transfer of 2200 BTC (1900 BTC + 300 BTC)

I now think it means Total transaction (Change + Payment). Can anyone confirm?

Thanks.

zef

member

Activity: 90

Merit: 10

I dont think those are fees. It looks like about 5k coins have been withdrawn so far.

andes

jr. member

Activity: 42

Merit: 2

Quote from: DamienBlack on June 25, 2011, 12:04:00 PM

200 btc transaction fees? Are you sure you are reading it right?

Not sure, its the number in parenthesis (). I thought it were transaction fees, i think I am wrong.

DamienBlack

jr. member

Activity: 56

Merit: 1

200 btc transaction fees? Are you sure you are reading it right?

relative

newbie

Activity: 56

Merit: 0

yesn it's probably MtGox sending 100 to a customer and (40k - 100) to themselves.
it's not transaction fees.

andes

jr. member

Activity: 42

Merit: 2

Anyway I find it strange to see many 100+ btc transaccion fees!

fitty

hero member

Activity: 728

Merit: 501

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Quote from: andes on June 25, 2011, 11:59:28 AM

Quote from: DamienBlack on June 25, 2011, 11:58:23 AM

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.

Could be that, because the amount has been going down in time, but with some ups in the middle.

Isn't that just more people cashing out and MtGox sending it?

fitty

hero member

Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Quote from: DamienBlack on June 25, 2011, 11:58:23 AM

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.

If you were paying out that's probably the way to do it. It appeared when MtGox went live and people started cashing out so it makes sense.

andes

jr. member

Activity: 42

Merit: 2

Quote from: DamienBlack on June 25, 2011, 11:58:23 AM

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.

Could be that, because the amount has been going down in time, but with some ups in the middle.

DamienBlack

jr. member

Activity: 56

Merit: 1

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.

andes

jr. member

Activity: 42

Merit: 2

Does someone have a decent hypothesis for a 45k transaction reccurently showing up in BTC monitor in the last 2 hours? Seems the same transaction slowly going down in price Shocked

)

Any ideas / guesses?

Topic: Bitcoin Monitor 45K recurring transaction (Read 3807 times)