Topic: KncMiner XBT: 285 BTC traded at 285.38$ ! - page 9. (Read 22676 times)
Still looking for number of notes in circulation... Shouldn't that be public?
4483 coins in 7 days. Not bad at all. Knc will probably have to start buying some coins off exchange in another week or so to keep backing the notes?
day 1 history : 949 BTC (189783 shares) traded at 232.84$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
day 5 history : 643 BTC (128618 shares) traded at 237.21$
day 6 history : 453 BTC (90759 shares) traded at 237.21$
day 7 history : 756 BTC (151238 shares) traded at 236.8$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
day 5 history : 643 BTC (128618 shares) traded at 237.21$
day 6 history : 453 BTC (90759 shares) traded at 237.21$
day 7 history : 756 BTC (151238 shares) traded at 236.8$
very impressive. just imagine what will happen when an ETF is opened in the USA... Shit gna hit the roof 
day 1 history : 949 BTC (189783 shares) traded at 232.84$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
day 5 history : 643 BTC (128618 shares) traded at 237.21$
day 6 history : 453 BTC (90759 shares) traded at 237.21$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
day 5 history : 643 BTC (128618 shares) traded at 237.21$
day 6 history : 453 BTC (90759 shares) traded at 237.21$
thanks OP I appreciate and I'm sure others do ..the above.....work pop'ing this out each day
day 1 history : 949 BTC (189783 shares) traded at 232.84$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
day 5 history : 643 BTC (128618 shares) traded at 237.21$
day 6 history : 453 BTC (90759 shares) traded at 237.21$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
day 5 history : 643 BTC (128618 shares) traded at 237.21$
day 6 history : 453 BTC (90759 shares) traded at 237.21$
Now I'm impressed at SEK/USD volatility.
day 1 history : 949 BTC (189783 shares) traded at 232.84$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
The SEK/USD exchange rate has been changing these days; if you take that into account, the implied bitcoin prices are a bit different. See my numbers here.
day 1 history : 949 BTC (189783 shares) traded at 232.84$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
So why are you repeating the 40%-thing, when he said 20%?
the 20% was the 1st level round of IPO money
the 40% was quoted after the last round of IPO money..the bigger 2nd round of IPO money
now not sure if KNC is gonna cloud host anymore..but I'll find the link it was an interview
is what I remember and was a result of what bitfury wanted to control and Sam Cole
said this in the interview...
anyway will finally have the goal of looking thru my bookmarks I never sort to find this
unless it disappeared with the knc forum and cloud mining pages
whatever KNC is determined to have a piece of pie in a lot
wallets
cloud hosting
IPO of 20% or more of bitcoin mining
the new stock traded on swedish stock exhchange mostly backed by KNC money
further IPO development $$$ for next gen after 16nm data halls
anyway I'll dig it up if it still is out there as an interview...I just can't remember if
it was translated or not and/or if it included cloud hashing (which may not even be an option of the IPO anymore)
anyway old Sam Cole and KNC seems to not be in any kind of trouble of any kind bitcoin wise.....heh
knc was welcomed to this forum with lots of allegations and even hatred. i always believed they would deliver their stuff, ordered myself early. in fact, i was happy to receive knc invoice no. 1, took a flight to stockholm and checked out their offices and met them personally. to me sam cole always seemed to be a good guy. he took good care of the early investors (the ones that took the most risk)
the company grew very fast and obviously some things went wrong with some deliveries.
but i really do not think that they had any bad intentions.
2013 yep me too saturn/jupiter
2014 er not so much neptune/titan
catch up on 2014 on the knc asic thread here on bitcointalk
So why are you repeating the 40%-thing, when he said 20%?
the 20% was the 1st level round of IPO money
the 40% was quoted after the last round of IPO money..the bigger 2nd round of IPO money
now not sure if KNC is gonna cloud host anymore..but I'll find the link it was an interview
is what I remember and was a result of what bitfury wanted to control and Sam Cole
said this in the interview...
anyway will finally have the goal of looking thru my bookmarks I never sort to find this
unless it disappeared with the knc forum and cloud mining pages
whatever KNC is determined to have a piece of pie in a lot
wallets
cloud hosting
IPO of 20% or more of bitcoin mining
the new stock traded on swedish stock exhchange mostly backed by KNC money
further IPO development $$$ for next gen after 16nm data halls
anyway I'll dig it up if it still is out there as an interview...I just can't remember if
it was translated or not and/or if it included cloud hashing (which may not even be an option of the IPO anymore)
anyway old Sam Cole and KNC seems to not be in any kind of trouble of any kind bitcoin wise.....heh
knc was welcomed to this forum with lots of allegations and even hatred. i always believed they would deliver their stuff, ordered myself early. in fact, i was happy to receive knc invoice no. 1, took a flight to stockholm and checked out their offices and met them personally. to me sam cole always seemed to be a good guy. he took good care of the early investors (the ones that took the most risk)
the company grew very fast and obviously some things went wrong with some deliveries.
but i really do not think that they had any bad intentions.
Volume is picking up today 
So in the short term at least they won't be dumping coins every week anymore. Long term they might have to buy if this pace of volume keeps going for several months.
Well they still have a total of 7400 coins that they could dump. But at least for now they can sell more than their daily mining amount on nasdaq and if the volume on nasadaq keeps up at its current pace they will either need to start moving their 7400 coins over to the ETN and/or start buying coins for the ETN.
If they sell 400BTC/day for the next 5 days they will need to move more BTC into the fund.
Their next usual dump day on bitstamp would be between 5/25/15 and 6/1/15 so we will see what they do around those times.
[ last updated on 2015-05-21 ]
Bitcoin Tracker One (BITCOIN-XBT) notes -- daily trading summary:
Data from the BITCOIN-XBT page at NetFonds.se.
SpN_LO = Lowest price (SEK/note) in specified day.
SpN_HI = Highest price (SEK/note) in the specified day.
VNOT = Number of notes (shares) traded in day.
VBTC = Trade volume in BTC, ignoring fees = VNOT/200.
VSEK = Trade volume in SEK (sum over all trades of num of notes times price per note).
SpN = Average note price in SEK for that day = VSEK/VNOT.
SpU = Assumed SEK/USD currency exchange rate (typically from Google at end of that day).
UpB = Average implied USD/BTC price ignoring fees = SpN*200/SpU
Bitcoin Tracker One (BITCOIN-XBT) notes -- daily trading summary:
Date ! SpN_LO ! SpN_HI ! VNOT ! VBTC ! VSEK ! SpN ! SpU ! UpB ! OBS
-----------+--------+--------+--------+---------+------------+---------+------+--------+-----
2015-05-18 | 9.66 | 9.73 | 189783 | 948.915 | 1837195.92 | 9.68051 | 8.24 | 234.96 |
2015-05-19 | 9.61 | 9.72 | 109376 | 546.880 | 1057572.27 | 9.66914 | 8.35 | 231.60 |
2015-05-20 | 9.68 | 9.79 | 90988 | 454.940 | 886232.68 | 9.74011 | 8.35 | 233.30 |
2015-05-21 | 9.74 | 9.79 | 135233 | 676.165 | 1319500.95 | 9.75724 | 8.32 | 234.55 |
-----------+--------+--------+--------+---------+------------+---------+------+--------+-----
Data from the BITCOIN-XBT page at NetFonds.se.
SpN_LO = Lowest price (SEK/note) in specified day.
SpN_HI = Highest price (SEK/note) in the specified day.
VNOT = Number of notes (shares) traded in day.
VBTC = Trade volume in BTC, ignoring fees = VNOT/200.
VSEK = Trade volume in SEK (sum over all trades of num of notes times price per note).
SpN = Average note price in SEK for that day = VSEK/VNOT.
SpU = Assumed SEK/USD currency exchange rate (typically from Google at end of that day).
UpB = Average implied USD/BTC price ignoring fees = SpN*200/SpU
So in the short term at least they won't be dumping coins every week anymore. Long term they might have to buy if this pace of volume keeps going for several months.
day 1 history : 949 BTC (189783 shares) traded at 232.84$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 updated
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 updated
Beware that the SEK:USD exchange rate is changing quite a bit. It was ~8.22 SEK/USD on 2015-05-18,
but ~8.32 on 2015-05-19 and already ~8.35 today. So the USD/BTC price for yesterday is a bit lower.
http://www.xe.com/currencycharts/?from=USD&to=SEK&view=1W
The 4000 bitcoins that they moved (and didn't sell) just prior to the XBT release would come out to 800,000 shares.
For the total of their 11,400 bitcoins they could have a total of 2,280,000 shares (if they put it all in XBT Provider).
Right now they mine 144 bitcoins a day, so if they can sell at least 28,800 shares per day on nasdaq, they can stop dumping on bitstamp. Which they are definitely surpasing that 28,800 shares/day right now.
For the total of their 11,400 bitcoins they could have a total of 2,280,000 shares (if they put it all in XBT Provider).
Right now they mine 144 bitcoins a day, so if they can sell at least 28,800 shares per day on nasdaq, they can stop dumping on bitstamp. Which they are definitely surpasing that 28,800 shares/day right now.
Anyone know approximately how many bitcoins KNC Miner has in their possession to sell?
Edit: Through their miners or their miners + orders.
Edit #2: It looks like they have 7400 bitcoins in their possession and potentially 4000 bitcoins in the XBT fund so far.
Also they dump their coins on Bitstamp about 300-500 at a time (sometimes as high as 3000). But overall they are net accumulators of bitcoin.
How many shares is this? Edit: Through their miners or their miners + orders.
Edit #2: It looks like they have 7400 bitcoins in their possession and potentially 4000 bitcoins in the XBT fund so far.
Also they dump their coins on Bitstamp about 300-500 at a time (sometimes as high as 3000). But overall they are net accumulators of bitcoin.
Anyone know approximately how many bitcoins KNC Miner has in their possession to sell?
Edit: Through their miners or their miners + orders.
Edit #2: It looks like they have 7400 bitcoins in their possession and potentially 4000 bitcoins in the XBT fund so far.
Also they dump their coins on Bitstamp about 300-500 at a time (sometimes as high as 3000). But overall they are net accumulators of bitcoin.
Edit: Through their miners or their miners + orders.
Edit #2: It looks like they have 7400 bitcoins in their possession and potentially 4000 bitcoins in the XBT fund so far.
Also they dump their coins on Bitstamp about 300-500 at a time (sometimes as high as 3000). But overall they are net accumulators of bitcoin.
day 1 history : 949 BTC (189783 shares) traded at 232.84$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 updated
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 updated
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