Topic: Mt Gox wall of withdrawals (Read 3676 times)
duplicate
I heard someone say that 80% of BTC did not circulate.
If that recent block had 2.5 million btc in transactions, does that mean that app. 40% of btc where moved, or no?
If that recent block had 2.5 million btc in transactions, does that mean that app. 40% of btc where moved, or no?
Eyeballing it, it looks like about 3700 BTC were moved out, if you ignore change going back to the sender. The biggest transaction looks to be about 400 BTC.
I'm assuming that if there is a starting balance of 413.7654398, which transfers to 2.05 and 411.7154398, then the simple 2.05 is the transfer and the one with all the decimal places is the change.
I heard someone say that 80% of BTC did not circulate.
If that recent block had 2.5 million btc in transactions, does that mean that app. 40% of btc where moved, or no?
If that recent block had 2.5 million btc in transactions, does that mean that app. 40% of btc where moved, or no?
Assuming those btc aren't the same, being transacted over and over, and that has something to do with MtGox...
I heard someone say that 80% of BTC did not circulate.
If that recent block had 2.5 million btc in transactions, does that mean that app. 40% of btc where moved, or no?
If that recent block had 2.5 million btc in transactions, does that mean that app. 40% of btc where moved, or no?
Well clearly these big transactions are MtGox related somehow
Sell sell sell!
Sell what?
Everybody just withdrew all their Bitcoins. All that is left in the exchange is Dollars...
Per Bitcoinmonitor, at 15:30 UTC (80 minutes ago) the "big wallet" showed a balance of 49,900 BTC.
It's been taking consistent hits since then, so I assume it belongs to MtGox. Just now, 16:50 UTC, it showed as 44,386.
I assume from the round figure of 50,000 BTC start (nearly) this is not their entire stock of BTC.
Agreed. It looks like MtGox is paying out of that 50k wallet.
But I just checked my own small withdrawal from Mt Gox and it came from three even smaller accounts, not one.
Can anyone explain?
Sell sell sell!
Sell what?
Everybody just withdrew all their Bitcoins. All that is left in the exchange is Dollars...
Per Bitcoinmonitor, at 15:30 UTC (80 minutes ago) the "big wallet" showed a balance of 49,900 BTC.
It's been taking consistent hits since then, so I assume it belongs to MtGox. Just now, 16:50 UTC, it showed as 44,386.
I assume from the round figure of 50,000 BTC start (nearly) this is not their entire stock of BTC.
Agreed. It looks like MtGox is paying out of that 50k wallet.
Looks like someone has put up 50k BTC and continuously juggled them around until around 5k were sold and is still pushing them through the system..
But, why? Why not just keep say 5x10k in the 5 biggest exchanges and slowly melt them down if you're cashing out?
Why do they keep showing up as smaller and smaller chunk? Like a BTC iceberg..
Are those blue bubble transactions between BTC clients / wallets or between exchanges and users?
But, why? Why not just keep say 5x10k in the 5 biggest exchanges and slowly melt them down if you're cashing out?
Why do they keep showing up as smaller and smaller chunk? Like a BTC iceberg..
Are those blue bubble transactions between BTC clients / wallets or between exchanges and users?
duplicate post
Sell sell sell!
Sell what?
Everybody just withdrew all their Bitcoins. All that is left in the exchange is Dollars...
Per Bitcoinmonitor, at 15:30 UTC (80 minutes ago) the "big wallet" showed a balance of 49,900 BTC.
It's been taking consistent hits since then, so I assume it belongs to MtGox. Just now, 16:50 UTC, it showed as 44,386.
I assume from the round figure of 50,000 BTC start (nearly) this is not their entire stock of BTC.
This is all madness 
.
.
In Bitcoin monitor, why does a +/- 45k transaction show up recurrently in the last minutes? Anyone has a clue?
3 transfers of 45000 bitcoins each just appeared in bitcoin monitor
3 people got their 50 BTC each out of the same 45k pot.
move the mouse courser over the transaction on bitcoin monitor.
3 transfers of 45000 bitcoins each just appeared in bitcoin monitor
total amount doesnt mean anything. if I make 5 transfers from an address that contains 100k total amount is 500k, even though I might have "spent" only 5 BTC.
if you look at it more closely it probably means they payed out about 2000 BTC in that block - from that address.
if you look at it more closely it probably means they payed out about 2000 BTC in that block - from that address.
Sell sell sell!
Wow. Look at block 133233:
http://blockexplorer.com/block/0000000000000464742a8d6147c4ef3a0d41658f643d624555a1cfa9c80aa0f3
http://blockexplorer.com/block/0000000000000464742a8d6147c4ef3a0d41658f643d624555a1cfa9c80aa0f3
Quote
Transactions?: 146
Total BTC?: 2420579.8421275
Size?: 67.463 kilobytes
Total BTC?: 2420579.8421275
Size?: 67.463 kilobytes
WOW
what's up with the regular transactions of 46k bitcoins btw?
If that is MtGox, that is smart.
FLY YOU FOOLS!
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