Which exchange is providing liquidity for miners?

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Quote from: ?? on ??

Quote from: byronbb on August 23, 2013, 06:45:04 PM

Pretty sure Canadian miners are selling hard on cavirtex.com. Consistently the largest arb between gox.

Don't they charge GST on the total of purchased coins? If so, why bother buying on that exchange. That alone kills the largest arb claim no?

Ya the GST is inclusive of their fees, but I did not know the CAD had slid so much vs USD either.

Bitweasil

sr. member

Activity: 420

Merit: 250

I don't use an exchange. I sell them in person, face to face, or with trusted people via PayPal/Cashier's Check (not concerned about reversal as they're people I know and trust in person). Online, I buy things with them. I'd rather not have an "known exchange" making wire transfers to my bank account.

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Pretty sure Canadian miners are selling hard on cavirtex.com. Consistently the largest arb between gox.

zeroblock

full member

Activity: 238

Merit: 100

Quote from: Rannasha on August 23, 2013, 04:17:24 PM

Quote from: Nagle on August 23, 2013, 03:43:15 PM

Quote from: BeepBeep2 on August 20, 2013, 07:09:17 PM

Why don't you just look at the trading volume? Roll Eyes

Because much of that is the same money going back and forth within the same exchange, in transactions between speculators. Miners need to get money out.

Even if it's just money going back and forth between speculators primarily, it does help to tighten the spread and provide liquidity, making it easier for miners to move their coins.

Tighten the Bid/Ask spread yes. But not necessarily the spread between exchanges.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: Nagle on August 23, 2013, 03:43:15 PM

Quote from: BeepBeep2 on August 20, 2013, 07:09:17 PM

Why don't you just look at the trading volume? Roll Eyes

Because much of that is the same money going back and forth within the same exchange, in transactions between speculators. Miners need to get money out.

Even if it's just money going back and forth between speculators primarily, it does help to tighten the spread and provide liquidity, making it easier for miners to move their coins.

Nagle

legendary

Activity: 1204

Merit: 1002

Quote from: BeepBeep2 on August 20, 2013, 07:09:17 PM

Why don't you just look at the trading volume? Roll Eyes

Because much of that is the same money going back and forth within the same exchange, in transactions between speculators. Miners need to get money out.

millsdmb

sr. member

Activity: 322

Merit: 250

coinbase will sell your coins, you dont need to be verified or wait around

Trongersoll

hero member

Activity: 490

Merit: 501

Quote from: joae1975 on August 22, 2013, 11:10:15 AM

Quote from: Syke on August 20, 2013, 07:24:02 PM

I'm enjoying CampBX. I can withdraw $1000/day and see the money clear my bank in about 2-3 days (through Dwolla for only $.25).

Yeah, you can save on fees that way, but I'm afraid of DHS taking that account too. I don't want to get caught standing when the music stops. Therefore I use Coinbase. What's a couple bucks for the piece of mind and straight to your bank account.

I assume you're in the U.S. Keep track of your "earnings" as it may be considered capital gains profits and the IRS will want their unconstitutional cut. Or you can become another political prisoner. Just make sure an undisclosed friend is monitoring your mining hardware while you're in a cage. LOL! I think about this too much.

that is earnings minus expenses. Tongue

joae1975

hero member

Activity: 752

Merit: 500

I can send Coinbase a txt message stating "buy 1.0" then I instantly get an automated call to verify, I enter my pin, BOOM, bitcoins in my Coinbase wallet. Then I send another txt "send 1.0 1iluh4si4uh4sd4iu..." and another verification, BOOM, coins sent to specified address. So easy! So instant! I can even tell it to "sell 1.0" and it will sell at market price and credit my bank account. It's almost too good. Coinbase rocks!

Korbman

legendary

Activity: 1064

Merit: 1001

Quote from: zeroblock on August 20, 2013, 07:01:18 PM

The guys over at "Service Discussion" would like to know where you are all selling your Bitcoins at? We are wondering if everyone still uses Gox with the delays in wire transfers.

After waiting 2 months for a wire from Gox, I canceled, converted, and switched over to Coinbase. So far they've been very prompt, both with buy and sell orders. I can usually see transfers in my bank within about 2-3 business days, so my guess is this is about on par with CampBX.

juggalodarkclow

legendary

Activity: 980

Merit: 1000

https://www.facebook.com/bitcoinfriends

zeroblock

full member

Activity: 238

Merit: 100

I am going to write up the results of this poll later tonight so if you have any other people you might know who should vote, please let them know!

Thanks!

joae1975

hero member

Activity: 752

Merit: 500

Quote from: Syke on August 20, 2013, 07:24:02 PM

I'm enjoying CampBX. I can withdraw $1000/day and see the money clear my bank in about 2-3 days (through Dwolla for only $.25).

Yeah, you can save on fees that way, but I'm afraid of DHS taking that account too. I don't want to get caught standing when the music stops. Therefore I use Coinbase. What's a couple bucks for the piece of mind and straight to your bank account.

I assume you're in the U.S. Keep track of your "earnings" as it may be considered capital gains profits and the IRS will want their unconstitutional cut. Or you can become another political prisoner. Just make sure an undisclosed friend is monitoring your mining hardware while you're in a cage. LOL! I think about this too much.

zeroblock

full member

Activity: 238

Merit: 100

Thanks for the input everyone! We would love to get 40-50+ votes, we are trying to determine how many still use Gox. And if you do use Gox, are you simply holding at Gox because the perceived price is higher?

Thanks,

ZeroBlock

Syke

legendary

Activity: 3878

Merit: 1193

I'm enjoying CampBX. I can withdraw $1000/day and see the money clear my bank in about 2-3 days (through Dwolla for only $.25).

BeepBeep2

full member

Activity: 184

Merit: 100

Why don't you just look at the trading volume? Roll Eyes

zeroblock

full member

Activity: 238

Merit: 100

Hi,

The guys over at "Service Discussion" would like to know where you are all selling your Bitcoins at? We are wondering if everyone still uses Gox with the delays in wire transfers.

https://bitcointalksearch.org/topic/mtgox-withdrawal-delays-gathering-179586
https://bitcointalksearch.org/topic/mtgox-wont-pay-me-my-bitcoins-266809
https://bitcointalksearch.org/topic/missing-btc-withdrawal-from-mt-gox-277693
https://bitcointalksearch.org/topic/mt-gox-starting-to-die-272120

Thanks!

Topic: Which exchange is providing liquidity for miners? (Read 2344 times)