Wall Observer - MtGoxUSD wall movement tracker - page 626.

samson

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Quote from: Spaceman_Spiff on February 25, 2013, 04:37:42 PM

Quote from: 420 on February 25, 2013, 04:24:10 PM

we're looking pretty steady and low volume today...

It is boring, but probably good for bitcoin

There's what I'd call an 'invisible wall' at 30.40 which gets topped up to the 500+ BTC mark every time it sells out and the price goes higher. I've noticed this has happened repeatedly today. I've been watching on and off for the last 10 hours or so.

It looks like someone is selling off a large amount of BTC in blocks of around 500 at a time so it doesn't appear as a single large ask which would probably drive the price down towards and eventually eat into the bids.

I haven't been watching the BTC orderbooks that closely until recently so I'm not sure if this kind of thing happens very often.

Just a little observation.

hazek

legendary

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Such a slow Monday.. Everyone taking a breather or is this just the calm before the storm? : Lips sealed

EDIT: gah.. should have refreshed the page, it seems I'm not the only one who's thinking along the same lines Cheesy

thoughtfan

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Quote from: Spaceman_Spiff on February 25, 2013, 04:37:42 PM

Quote from: 420 on February 25, 2013, 04:24:10 PM

we're looking pretty steady and low volume today...

It is boring, but probably good for bitcoin

Agreed. It brings me more confidence that this will not turn into a bubble. The longer it hangs around at any price being boring the more likely the 'in it only for a quick buck' posse are to get bored and go and find something else to blindly stick their dollars into. My guess is we're better off without them because they are those who would also likely panic sell and exacerbate corrections increasing the risk of their becoming crashes.

Also, just on a selfish note I'm pleased the price hung around here long enough for me to get my last chunk in at £20

Thanks market Cheesy

Spaceman_Spiff

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₪``Campaign Manager´´₪

Quote from: 420 on February 25, 2013, 04:24:10 PM

we're looking pretty steady and low volume today...

It is boring, but probably good for bitcoin

keewee

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Calm before the storm I suspect

420

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we're looking pretty steady and low volume today...

phatsphere

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desperate move to steer this thread back on track:

humanitee

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Quote from: 420 on February 25, 2013, 03:09:09 PM

yup; you've caused everyone to become disinterested in this thread with your GPU talk

Seriously, why'd you have to ruin a perfectly good thread giszmo!? WHY!?

ITT we berate giszmo for the next 40 pages. GPU mining Cheesy

, what a loser.

420

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yup; you've caused everyone to become disinterested in this thread with your GPU talk

giszmo

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WalletScrutiny.com

Quote from: kokojie on February 25, 2013, 09:46:49 AM

Quote from: giszmo on February 25, 2013, 07:18:47 AM

Quote from: molecular on February 25, 2013, 12:29:27 AM

Quote from: giszmo on February 24, 2013, 08:04:04 PM

I mean the Ƀ was around $12 on november 28th. Now we are at more than twice the price and far from twice the difficulty. What is wrong?

The days of GPU mining are numbered: noone invests in new GPU rigs currently and the ASIC delivery is lagging.

Ah ok, so it is the dying rate of GPUs. That makes sense. At least that was my experience with 4 out of 8 GPUs dying in 5 months.

That's definitely not normal, what brand was your GPU? and were they overclocked?

Not sure if anybody cares about this thread derailing from an original wall-observer-only-posts-with-pics now general bears-and-bulls-cheering-about-every-movement thread?!?

I had 6850s. We sent two back once and got them replaced. That's where we decided overclock them less and two more died later. Maybe they were already damaged while overclocking.

kokojie

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Quote from: giszmo on February 25, 2013, 07:18:47 AM

Quote from: molecular on February 25, 2013, 12:29:27 AM

Quote from: giszmo on February 24, 2013, 08:04:04 PM

I mean the Ƀ was around $12 on november 28th. Now we are at more than twice the price and far from twice the difficulty. What is wrong?

The days of GPU mining are numbered: noone invests in new GPU rigs currently and the ASIC delivery is lagging.

Ah ok, so it is the dying rate of GPUs. That makes sense. At least that was my experience with 4 out of 8 GPUs dying in 5 months.

That's definitely not normal, what brand was your GPU? and were they overclocked?

giszmo

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WalletScrutiny.com

Quote from: molecular on February 25, 2013, 12:29:27 AM

Quote from: giszmo on February 24, 2013, 08:04:04 PM

I mean the Ƀ was around $12 on november 28th. Now we are at more than twice the price and far from twice the difficulty. What is wrong?

The days of GPU mining are numbered: noone invests in new GPU rigs currently and the ASIC delivery is lagging.

Ah ok, so it is the dying rate of GPUs. That makes sense. At least that was my experience with 4 out of 8 GPUs dying in 5 months.

ElectricMucus

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Marketing manager - GO MP

Finally some liquidity. Grin

Liquid

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Crypto Somnium

molecular

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Quote from: giszmo on February 24, 2013, 08:04:04 PM

I mean the Ƀ was around $12 on november 28th. Now we are at more than twice the price and far from twice the difficulty. What is wrong?

The days of GPU mining are numbered: noone invests in new GPU rigs currently and the ASIC delivery is lagging.

oakpacific

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(31.3+28)/2=29.65, about where we are.

giszmo

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WalletScrutiny.com

Quote from: Zomdifros on February 24, 2013, 08:17:29 PM

The miners operating margin took a hit after the block reward cut, perhaps some decided to call it a day. And who knows whats going on with the Asic's?

I love blockchain.info's charts and Piuk just drew me a new one today but this particular chart I don't like at all as it makes too many assumptions. What is your mining eficiency (MH/J)? What is your electricity cost ($/J)? Do you heat with electricity anyway?

Logik

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Quote from: giszmo on February 24, 2013, 08:04:04 PM

I'm very very confused [...]

I mean the Ƀ was around $12 on november 28th. Now we are at more than twice the price and far from twice the difficulty. What is wrong?

Perhaps it's because of the ASIC delays plus GPU miners trying to get the most out of liquidating their gear. I'm pulling this out of thin air, but if you were a GPU miner and decided to exit GPU mining, your primary concern would be selling the gear before the market for the gear was flooded by everyone else. Therefore, perhaps the dip is from all the GPU miners exiting based on when they thought ASIC mining was about to take off. ASIC's were supposed to come online by now but there have been many delays.

Zomdifros

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The miners operating margin took a hit after the block reward cut, perhaps some decided to call it a day. And who knows whats going on with the Asic's?

giszmo

legendary

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WalletScrutiny.com

I'm very very confused because of the hash rate. So I read that the first asic miners mine at 4TH/s and they and others are deploying more any minute and the exchange rate at record height making it now pay off better than when we cut the reward down to 25Ƀ and still the hash rate is decreasing? What is going on?? Shouldn't people heat up their GPUs one last time until hash rate grows faster than the exchange rate???

I mean the Ƀ was around $12 on november 28th. Now we are at more than twice the price and far from twice the difficulty. What is wrong?

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 626. (Read 1811606 times)