Largest buy order I've seen placed so far:
08:09:26
@0.11179
1660.68216815 GHs
185.6476595774885 BTC
Topic: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App*** - page 144. (Read 422133 times)
November 03, 2013, 04:10:19 AM
November 02, 2013, 03:46:00 PM
edit**Im still getting a ton of requesting new work but perhaps either A)its nothing to worry about or B)lack of knowledge with stratum & pool mining in general.
Not a problem, read here : http://mining.bitcoin.cz/stratum-mining
Formula is for the best efficiency
November 02, 2013, 03:36:12 PM
I agree that at fee implementation should generate some selling pressure. Lets see what happens maybe I sold out a little too soon.
November 02, 2013, 03:35:36 PM
Could somebody share a link to a stratum difficulty calculator or a formula? I decided to point my miners to ghash.io and am getting a ton of "stratum requesting new work". I am running only 2.6GH/s with the minimum difficulty set on 16, which is the default to my understanding. I previously was mining on eliguis & do not recall getting so many "new work" requests. Cheers...
Simple formula is : GH/s / 1.4
Read here : https://bitcointalksearch.org/topic/suggestion-for-how-to-choose-a-pool-difficulty-for-miners-274023
edit**Im still getting a ton of requesting new work but perhaps either A)its nothing to worry about or B)lack of knowledge with stratum & pool mining in general.
November 02, 2013, 03:28:30 PM
The more the diff go up, the more we need GH/s...
Think about that...
The price will not drop until Hardware cost less.
For the moment i see only Bitfury dropping price in January...maybe KNCminer...
Cointerra, HashFast and Butterfly Labs are out of the race for the end of the year IMOHO
So i don't see the price drop for the next Diff...everybody want more GH/s
Think about that...
The price will not drop until Hardware cost less.
For the moment i see only Bitfury dropping price in January...maybe KNCminer...
Cointerra, HashFast and Butterfly Labs are out of the race for the end of the year IMOHO
So i don't see the price drop for the next Diff...everybody want more GH/s
I think we have a good month or 3 changes in diff before we see a solid price due. Having said that, on Nov. 8th, there will be a price drop due to the fees being implemented.
November 02, 2013, 03:28:24 PM
Could somebody share a link to a stratum difficulty calculator or a formula? I decided to point my miners to ghash.io and am getting a ton of "stratum requesting new work". I am running only 2.6GH/s with the minimum difficulty set on 16, which is the default to my understanding. I previously was mining on eliguis & do not recall getting so many "new work" requests. Cheers...
Simple formula is : GH/s / 1.4
Read here : https://bitcointalksearch.org/topic/suggestion-for-how-to-choose-a-pool-difficulty-for-miners-274023
November 02, 2013, 03:25:47 PM
The more the diff go up, the more we need GH/s...
Think about that...
The price will not drop until Hardware cost less.
For the moment i see only Bitfury dropping price in January...maybe KNCminer...
Cointerra, HashFast and Butterfly Labs are out of the race for the end of the year IMOHO
So i don't see the price drop for the next Diff...everybody want more GH/s
Think about that...
The price will not drop until Hardware cost less.
For the moment i see only Bitfury dropping price in January...maybe KNCminer...
Cointerra, HashFast and Butterfly Labs are out of the race for the end of the year IMOHO
So i don't see the price drop for the next Diff...everybody want more GH/s
November 02, 2013, 03:21:18 PM
Could somebody share a link to a stratum difficulty calculator or a formula? I decided to point my miners to ghash.io and am getting a ton of "stratum requesting new work". I am running only 2.6GH/s with the minimum difficulty set on 16, which is the default to my understanding. I previously was mining on eliguis & do not recall getting so many "new work" requests. Cheers...
November 02, 2013, 02:53:17 PM
I dumped my GHS and waiting/thinking we should get a pull back when diff goes up in 2.5 days or so.
November 02, 2013, 12:56:22 PM
I'm looking for historic market systems which might lend foresight into what I call the CEX Effect - instant, commodifiable GHs liquidity that will always have a steep premium over the 'street' GHs price and may realize no actual or consistent value correlation to it whatsoever.
While its still too early, I like to start on hot n'heavy with speculation & conjecture, so. I think there may be some heretofore unseen market logic playing out here.
I guess its something like an inverse dividend where the GHs price stability is achieved thanks to a consistent stream of current price buy orders from mining payouts. As the block rewards come so frequently and are sufficiently small/valueless, there is little incentive for individuals to wait for a better price and not just give your horsepower a little instant bump. Just buy, don't think just BUY - why not, you have a frikin cloud that prints money.
"CEX Effect, market logic, street GH's liquidity versus commodifiable GHs liquidity". I concur, your summary is on point. Interesting market psychology to say the least. While its still too early, I like to start on hot n'heavy with speculation & conjecture, so. I think there may be some heretofore unseen market logic playing out here.
I guess its something like an inverse dividend where the GHs price stability is achieved thanks to a consistent stream of current price buy orders from mining payouts. As the block rewards come so frequently and are sufficiently small/valueless, there is little incentive for individuals to wait for a better price and not just give your horsepower a little instant bump. Just buy, don't think just BUY - why not, you have a frikin cloud that prints money.
Hot n'heavy with speculation & conjecture? Yes, bring it on. This is healthy. With the increase of volume on the market from the realization of the existance of this service I am actually surprised this thread has not "blown up" by now. Mimicking a past btct.co security thread, minus the trolls of course
November 02, 2013, 12:34:50 PM
Sorry if I appear as a complete newb to this trading lark but am I right in saying that the price is rising due to the impending difficulty rise and should drop back down after the change...just trying to get my head around the reasons for the rises and falls.
Cheers,
F.
Cheers,
F.
IMO the rise is due to the stable BTC0.10 for more than a week, and with that reason, it made a buyer's confidence to stock more GHs before the panic selling due to the difficulty rise.
November 02, 2013, 12:08:11 PM
Sorry if I appear as a complete newb to this trading lark but am I right in saying that the price is rising due to the impending difficulty rise and should drop back down after the change...just trying to get my head around the reasons for the rises and falls.
Cheers,
F.
Cheers,
F.
November 02, 2013, 12:02:25 PM
Can I short this stuff? Anyone reputable want a loan?
November 02, 2013, 11:42:46 AM
Price is now BTC0.11/GHs. Great time to sell if you have stash of shares! also good time to wait to correct at around BTC0.08
November 02, 2013, 09:01:05 AM
It's become that hasn't ? at about 20 per GHS...i think a fall is coming. Maybe before the fee implementation date of Nov. 8? Or maybe it's b/c they're they only market in town... it's less risky to buy the GHs from them "now" as compared to buying GHs from someone later...even if the price is cheaper...
November 02, 2013, 03:13:41 AM
I'm looking for historic market systems which might lend foresight into what I call the CEX Effect - instant, commodifiable GHs liquidity that will always have a steep premium over the 'street' GHs price and may realize no actual or consistent value correlation to it whatsoever.
While its still too early, I like to start on hot n'heavy with speculation & conjecture, so. I think there may be some heretofore unseen market logic playing out here.
I guess its something like an inverse dividend where the GHs price stability is achieved thanks to a consistent stream of current price buy orders from mining payouts. As the block rewards come so frequently and are sufficiently small/valueless, there is little incentive for individuals to wait for a better price and not just give your horsepower a little instant bump. Just buy, don't think just BUY - why not, you have a frikin cloud that prints money.
While its still too early, I like to start on hot n'heavy with speculation & conjecture, so. I think there may be some heretofore unseen market logic playing out here.
I guess its something like an inverse dividend where the GHs price stability is achieved thanks to a consistent stream of current price buy orders from mining payouts. As the block rewards come so frequently and are sufficiently small/valueless, there is little incentive for individuals to wait for a better price and not just give your horsepower a little instant bump. Just buy, don't think just BUY - why not, you have a frikin cloud that prints money.
November 01, 2013, 05:13:27 PM
Good news - here's an update from Cex:
The maintenance fee
The fee will be implemented in 1 week, which makes it November 8th 2013.
The maintenance fee is estimated as $0.30 / kW*hour:
$0.17/kW electricity cost + $0.09 data centre upkeep + $0.04 hardware repair/maintenance.
(The power consumption of 1 GHS is 1.5W per hour)
The fee will be billed in BTC per mining share. The estimated fee is 0.000000002695 BTC/share, which makes it ~4% of total mining profit.
The fee will be adjusted according to the BTC/USD exchange rate.
About the hardware maintenance:
We will charge $0.09 for the data centre upkeep + $0.04 for hardware repair/maintenance.
Handling 600+ kW mining equipment is quite challenging. This involves MANY people working at the backend, who:
- Replace dead chips
- Fix PCB issues
- Upgrade electricity links
- Improve mining software to reduce stale shares (we have stopped delivering stale shares for purchased GHS).
Fees won't start til the 8th - mine for another week! If you appreciate the update send me a tip =)
The maintenance fee
The fee will be implemented in 1 week, which makes it November 8th 2013.
The maintenance fee is estimated as $0.30 / kW*hour:
$0.17/kW electricity cost + $0.09 data centre upkeep + $0.04 hardware repair/maintenance.
(The power consumption of 1 GHS is 1.5W per hour)
The fee will be billed in BTC per mining share. The estimated fee is 0.000000002695 BTC/share, which makes it ~4% of total mining profit.
The fee will be adjusted according to the BTC/USD exchange rate.
About the hardware maintenance:
We will charge $0.09 for the data centre upkeep + $0.04 for hardware repair/maintenance.
Handling 600+ kW mining equipment is quite challenging. This involves MANY people working at the backend, who:
- Replace dead chips
- Fix PCB issues
- Upgrade electricity links
- Improve mining software to reduce stale shares (we have stopped delivering stale shares for purchased GHS).
Fees won't start til the 8th - mine for another week! If you appreciate the update send me a tip =)
Man...it's not like Cex.io haven't put the update here....maybe...hummm...7 posts before your...
https://bitcointalksearch.org/topic/m.3456498
I'm a dumbass - I missed it..my bad.
November 01, 2013, 02:27:44 PM
OK - I've cashed out while the going was good. The upcoming fees are too high as well as the price per G/hash - have fun guys!!
November 01, 2013, 02:14:19 PM
Good news - here's an update from Cex:
The maintenance fee
The fee will be implemented in 1 week, which makes it November 8th 2013.
The maintenance fee is estimated as $0.30 / kW*hour:
$0.17/kW electricity cost + $0.09 data centre upkeep + $0.04 hardware repair/maintenance.
(The power consumption of 1 GHS is 1.5W per hour)
The fee will be billed in BTC per mining share. The estimated fee is 0.000000002695 BTC/share, which makes it ~4% of total mining profit.
The fee will be adjusted according to the BTC/USD exchange rate.
About the hardware maintenance:
We will charge $0.09 for the data centre upkeep + $0.04 for hardware repair/maintenance.
Handling 600+ kW mining equipment is quite challenging. This involves MANY people working at the backend, who:
- Replace dead chips
- Fix PCB issues
- Upgrade electricity links
- Improve mining software to reduce stale shares (we have stopped delivering stale shares for purchased GHS).
Fees won't start til the 8th - mine for another week! If you appreciate the update send me a tip =)
The maintenance fee
The fee will be implemented in 1 week, which makes it November 8th 2013.
The maintenance fee is estimated as $0.30 / kW*hour:
$0.17/kW electricity cost + $0.09 data centre upkeep + $0.04 hardware repair/maintenance.
(The power consumption of 1 GHS is 1.5W per hour)
The fee will be billed in BTC per mining share. The estimated fee is 0.000000002695 BTC/share, which makes it ~4% of total mining profit.
The fee will be adjusted according to the BTC/USD exchange rate.
About the hardware maintenance:
We will charge $0.09 for the data centre upkeep + $0.04 for hardware repair/maintenance.
Handling 600+ kW mining equipment is quite challenging. This involves MANY people working at the backend, who:
- Replace dead chips
- Fix PCB issues
- Upgrade electricity links
- Improve mining software to reduce stale shares (we have stopped delivering stale shares for purchased GHS).
Fees won't start til the 8th - mine for another week! If you appreciate the update send me a tip =)
Man...it's not like Cex.io haven't put the update here....maybe...hummm...7 posts before your...
https://bitcointalksearch.org/topic/m.3456498
November 01, 2013, 01:48:23 PM
sigh...
its DOWN again...
its DOWN again...
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