[XMR] Monero Speculation - page 1371.

sadasa

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Unpaid signature.

Quote from: persiancat on April 07, 2016, 01:17:45 AM

Nvidia unveils DGX-1 - The World's First Deep Learning Supercomputer in a Box

http://www.nvidia.com/object/deep-learning-system.html

GPUs : 8x Tesla GP100
TFLOPS (GPU FP16 / CPU FP32) : 170/3
GPU Memory : 16 GB per GPU
CPU : Dual 16-core Intel Xeon E5-2698 v3 2.3 GHz
NVIDIA CUDA® Cores : 28672
System Memory : 512 GB 2133 MHz DDR4 LRDIMM
Storage : 4x 1.92 TB SSD RAID 0
Network : Dual 10 GbE, 4 IB EDR
Software : Ubuntu Server Linux OS, DGX-1 Recommended GPU Driver
System Weight : 134 lbs
System Dimensions : 866 D x 444 W x 131 H (mm)
Packing Dimensions : 1180 D x 730 W x 284 H (mm)
Maximum Power Requirements : 3200W
Operating Temperature Range : 10 - 35 °C

Note : 134 pounds is 60kg.

3200W power requirement ... *whistles*.
My Seasonic PSU definitely won't be able to support this Cheesy

There might be potential applications for this in GPU mining, depending on the price of this hardware.

These kind of machine is only good for scientific computing with double precision operation. It is too expensive for mining.

persiancat

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Activity: 33

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Nvidia unveils DGX-1 - The World's First Deep Learning Supercomputer in a Box

http://www.nvidia.com/object/deep-learning-system.html

GPUs : 8x Tesla GP100
TFLOPS (GPU FP16 / CPU FP32) : 170/3
GPU Memory : 16 GB per GPU
CPU : Dual 16-core Intel Xeon E5-2698 v3 2.3 GHz
NVIDIA CUDA® Cores : 28672
System Memory : 512 GB 2133 MHz DDR4 LRDIMM
Storage : 4x 1.92 TB SSD RAID 0
Network : Dual 10 GbE, 4 IB EDR
Software : Ubuntu Server Linux OS, DGX-1 Recommended GPU Driver
System Weight : 134 lbs
System Dimensions : 866 D x 444 W x 131 H (mm)
Packing Dimensions : 1180 D x 730 W x 284 H (mm)
Maximum Power Requirements : 3200W
Operating Temperature Range : 10 - 35 °C

Note : 134 pounds is 60kg.

3200W power requirement ... *whistles*.
My Seasonic PSU definitely won't be able to support this Cheesy

There might be potential applications for this in GPU mining, depending on the price of this hardware.

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: persiancat on April 07, 2016, 12:33:40 AM

It's pretty clear the big banks just want to use underlying blockchain technology to reduce operating costs and increase efficiency.

I think they really don't give a shit about those things. They have a plan already to game it, or it would never proceed.

persiancat

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Quote from: bitjedi on April 07, 2016, 12:17:02 AM

Quote from: persiancat on April 07, 2016, 12:04:01 AM

Report on blockchain usage by banks.
Blythe Masters is formerly CIO of JPM and creator of CDS.
One of the more notable female figures in finance.

http://www.c[Suspicious link removed]m/2016/04/06/blockchain-in-banks-a-reality-in-less-than-2-years-blythe-masters.html

EDIT : hey what happened. why does it say "suspicious link removed"? It's a report from CNBC.

I didn't read the article but she's not talking about bitcoin or similar. She's talking about bank chain. Last time I was in her office we were discussing the repo market and the novation of those repos via a centralized clearing hub to prevent another lehman like catastrophic failure in the system, except this time with central banks involved. She only wants to securitize and clear transactions of $100MM USD notional or above in her system and it will have lots of "private ledger" and centralized control features in it. Still, I guess it could be considered "blockchain" so that's good.

Edit: I'm pretty sure they announced that news a month or two ago, so that info on the repo stuff is no longer confidential.

It's pretty clear the big banks just want to use underlying blockchain technology to reduce operating costs and increase efficiency.
They definitely don't intend to use BTC or any altcoins as its not in their best interests to do so.
All the *coins have been stripped out of the equation.

bitjedi

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Quote from: persiancat on April 07, 2016, 12:04:01 AM

Report on blockchain usage by banks.
Blythe Masters is formerly CIO of JPM and creator of CDS.
One of the more notable female figures in finance.

http://www.c[Suspicious link removed]m/2016/04/06/blockchain-in-banks-a-reality-in-less-than-2-years-blythe-masters.html

EDIT : hey what happened. why does it say "suspicious link removed"? It's a report from CNBC.

I didn't read the article but she's not talking about bitcoin or similar. She's talking about bank chain. Last time I was in her office we were discussing the repo market and the novation of those repos via a centralized clearing hub to prevent another lehman like catastrophic failure in the system, except this time with central banks involved. She only wants to securitize and clear transactions of $100MM USD notional or above in her system and it will have lots of "private ledger" and centralized control features in it. Still, I guess it could be considered "blockchain" so that's good.

Edit: I'm pretty sure they announced that news a month or two ago, so that info on the repo stuff is no longer confidential.

americanpegasus

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Activity: 770

Merit: 504

I don't trust Ms. Masters and neither does Bitcoin Talk apparently.

persiancat

newbie

Activity: 33

Merit: 0

Report on blockchain usage by banks.
Blythe Masters is formerly CIO of JPM and creator of CDS.
One of the more notable female figures in finance.

http://www.c-n-b-c.com/2016/04/06/blockchain-in-banks-a-reality-in-less-than-2-years-blythe-masters.html

EDIT : hey what happened. why does it say "suspicious link removed"? It's a report from CNBC.

EDIT 2 : solved the puzzle. I think bitcointalk blacklisted the "[Suspicious link removed]" domain. Just remove the dashes from CNBC when using the above link.

americanpegasus

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Activity: 770

Merit: 504

Yes, having been on both sides of the fence I can tell you the lending rates battling that goes on to try to undercut the next lender is a giant waste of time. You are just putting money in the speculator's pockets. A speculator don't care - if he thinks a position is good enough to take margin on, he assumes there will be enough profit to make any interest paid trivial (even ridiculous rates like half a percent). He is focused on price action, and will pay the asking rate for a loan without sweating it too much.

So it makes no sense to ever offer any kind of lending for less than 10 bips, even though I know people won't listen.

iCEBREAKER

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Activity: 2156

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Crypto is the separation of Power and State.

Quote from: explorer on April 06, 2016, 10:37:25 PM

Quote from: iCEBREAKER on April 06, 2016, 10:31:30 PM

Quote from: lolikop on April 06, 2016, 05:39:42 PM

There is a guy lending 40.000 XMR for 0.02% knowing polo could be hacked tomorrow, or the admin deciding to go scam

Isnt this just plain stupidity ?

It might be plain stupidity, but remember banks and other loan sharks often rope in suckers by using an introductory "teaser" rate, because they may count on people getting in over their heads being forced into much higher "balloon" payments.

Same principle as the crack/smack dealer. First hit is free, because they know you'll be back for more and willing to pay anything.

Or there may be a whale that wants to add 40k XMR to their stack without moving the market up, so BullWhale offers that many for shorters, fulling intending to buy them back as they dump (possibly triggering stops and margin calls for an ever better deal).

Rates down to central banker levels (0.0013%). NIRP on the horizon!

Lending demand seems very inelastic w/r/t price, in that when there is no demand it doesn't matter how cheap you offer loans and when demand is high borrowers aren't sensitive about rates (probably because they intend to close them in a few hours or at most days).

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: iCEBREAKER on April 06, 2016, 10:31:30 PM

Quote from: lolikop on April 06, 2016, 05:39:42 PM

There is a guy lending 40.000 XMR for 0.02% knowing polo could be hacked tomorrow, or the admin deciding to go scam

Isnt this just plain stupidity ?

It might be plain stupidity, but remember banks and other loan sharks often rope in suckers by using an introductory "teaser" rate, because they may count on people getting in over their heads being forced into much higher "balloon" payments.

Same principle as the crack/smack dealer. First hit is free, because they know you'll be back for more and willing to pay anything.

Or there may be a whale that wants to add 40k XMR to their stack without moving the market up, so BullWhale offers that many for shorters, fulling intending to buy them back as they dump (possibly triggering stops and margin calls for an ever better deal).

Rates down to central banker levels (0.0013%). NIRP on the horizon!

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: lolikop on April 06, 2016, 05:39:42 PM

There is a guy lending 40.000 XMR for 0.02% knowing polo could be hacked tomorrow, or the admin deciding to go scam

Isnt this just plain stupidity ?

It might be plain stupidity, but remember banks and other loan sharks often rope in suckers by using an introductory "teaser" rate, because they may count on people getting in over their heads being forced into much higher "balloon" payments.

Same principle as the crack/smack dealer. First hit is free, because they know you'll be back for more and willing to pay anything.

Or there may be a whale that wants to add 40k XMR to their stack without moving the market up, so BullWhale offers that many for shorters, fulling intending to buy them back as they dump (possibly triggering stops and margin calls for an ever better deal).

luigi1111

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Quote from: dEBRUYNE on April 05, 2016, 05:19:07 PM

...whereas horizontal supports are much more clear and thus objective in my opinion.

So they are more objective, subjectively? Grin

explorer

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Activity: 2016

Merit: 1259

Quote from: Monerobuyer0 on April 06, 2016, 06:34:43 PM

Quote from: dEBRUYNE on April 06, 2016, 06:27:24 PM

Could also be done to trap shorters. That is, first loan out a substantial amount at a relatively low rate for a short timeframe (e.g. 2 days). These rates will look attractable to shorters and thus many traders will seek the opportunity to short, certainly because we are only slightly below a resistance level. Subsequently, you can offer a similiar size loan at a way higher rate (e.g. 0.2%). The shorter has to either take on this loan to keep his position open or close his position.

No they dont. Once the loan time ends (lets say it was a loan at .02%), it automatically tries to find them new loans at .02% or less and takes those. If it cannot, it put up a loan demand order at .02%, that anyone can fill.

Until someone fills that, they pay no interest at all to hold the short open. Once its filed they pay .02% again.

It sounds dumb, but I believe that is how it works from my experience. Anyone offering low rates in an attempt to trap shorts by later increasing their rates is doing it wrong. All they are doing is giving away low rates. The correct play is to only offer coins at high rates, and to increase the time limit from 2 days to a higher number to trap them at high rates longer.

No. If you originally requested .02, it will que until there is a taker, but if your .02 goes full term, it automatically loads the lowest available loan(s) to maintain your position, be it .001 or 5%. With such a large pool, it would be near impossible to game that way. All you could do would be to ensure it is cheap for shorters to do their thing, and then sit and catch everything dumped to you at nice low levels before you have to up-level. Look familliar? Combined with a nice big sell wall, it could take a while to fully milk the shorters, but eventually they will catch on.

bobabouey2

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Activity: 248

Merit: 250

Quote from: Monerobuyer0 on April 06, 2016, 06:34:43 PM

Quote from: dEBRUYNE on April 06, 2016, 06:27:24 PM

Could also be done to trap shorters. That is, first loan out a substantial amount at a relatively low rate for a short timeframe (e.g. 2 days). These rates will look attractable to shorters and thus many traders will seek the opportunity to short, certainly because we are only slightly below a resistance level. Subsequently, you can offer a similiar size loan at a way higher rate (e.g. 0.2%). The shorter has to either take on this loan to keep his position open or close his position.

No they dont. Once the loan time ends (lets say it was a loan at .02%), it automatically tries to find them new loans at .02% or less and takes those. If it cannot, it put up a loan demand order at .02%, that anyone can fill.

Until someone fills that, they pay no interest at all to hold the short open. Once its filed they pay .02% again.

It sounds dumb, but I believe that is how it works from my experience. Anyone offering low rates in an attempt to trap shorts by later increasing their rates is doing it wrong. All they are doing is giving away low rates. The correct play is to only offer coins at high rates, and to increase the time limit from 2 days to a higher number to trap them at high rates longer.

With all due respect, I can't imagine that is what happens. If it is, then it is one more compelling reason to get your crypto off of Poloniex.

Plus, it would be completely game-able. Find someone to lend you an amount for just a day at an absurdly low rate, without auto-renew. According to your logic, you then have a perpetual loan at that artificially low rate as no-one will match it.

Dotto

legendary

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No maps for these territories

Quote from: Monerobuyer0 on April 06, 2016, 06:34:43 PM

Quote from: dEBRUYNE on April 06, 2016, 06:27:24 PM

Could also be done to trap shorters. That is, first loan out a substantial amount at a relatively low rate for a short timeframe (e.g. 2 days). These rates will look attractable to shorters and thus many traders will seek the opportunity to short, certainly because we are only slightly below a resistance level. Subsequently, you can offer a similiar size loan at a way higher rate (e.g. 0.2%). The shorter has to either take on this loan to keep his position open or close his position.

No they dont. Once the loan time ends (lets say it was a loan at .02%), it automatically tries to find them new loans at .02% or less and takes those. If it cannot, it put up a loan demand order at .02%, that anyone can fill.

Until someone fills that, they pay no interest at all to hold the short open. Once its filed they pay .02% again.

It sounds dumb, but I believe that is how it works from my experience. Anyone offering low rates in an attempt to trap shorts by later increasing their rates is doing it wrong. All they are doing is giving away low rates. The correct play is to only offer coins at high rates, and to increase the time limit from 2 days to a higher number to trap them at high rates longer.

If it were true, Polo would be running a fractionary reserve scheme, so I don´t think it works like this. I guess once the loan time ends the system automaticly loans the next best offer so they don´t do the fractionary reserve thing and keep gaining his 15% cut. Otherwise it would be risky for them and would gain less interest

vuduchyld

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So insane. Really? A sell wall worth more than $100K at .0037?

SO CLEAR that somebody wants to buy low.

Monerobuyer0

full member

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Quote from: dEBRUYNE on April 06, 2016, 06:27:24 PM

Could also be done to trap shorters. That is, first loan out a substantial amount at a relatively low rate for a short timeframe (e.g. 2 days). These rates will look attractable to shorters and thus many traders will seek the opportunity to short, certainly because we are only slightly below a resistance level. Subsequently, you can offer a similiar size loan at a way higher rate (e.g. 0.2%). The shorter has to either take on this loan to keep his position open or close his position.

No they dont. Once the loan time ends (lets say it was a loan at .02%), it automatically tries to find them new loans at .02% or less and takes those. If it cannot, it put up a loan demand order at .02%, that anyone can fill.

Until someone fills that, they pay no interest at all to hold the short open. Once its filed they pay .02% again.

It sounds dumb, but I believe that is how it works from my experience. Anyone offering low rates in an attempt to trap shorts by later increasing their rates is doing it wrong. All they are doing is giving away low rates. The correct play is to only offer coins at high rates, and to increase the time limit from 2 days to a higher number to trap them at high rates longer.

americanpegasus

hero member

Activity: 770

Merit: 504

120k sell wall is back for some more financial terrorism, hoping to press down on any buying pressure whatsoever. This is his last chance to make this look like a repeat of last year before the truth is revealed.

dEBRUYNE

legendary

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Quote from: explorer on April 06, 2016, 05:48:16 PM

Quote from: lolikop on April 06, 2016, 05:39:42 PM

There is a guy lending 40.000 XMR for 0.02% knowing polo could be hacked tomorrow, or the admin deciding to go scam

Isnt this just plain stupidity ?

Risking for that kind of dust seems like a poor choice. I chased dust for a bit out of boredom, but really it is not worth the effort.

Could also be done to trap shorters. That is, first loan out a substantial amount at a relatively low rate for a short timeframe (e.g. 2 days). These rates will look attractable to shorters and thus many traders will seek the opportunity to short, certainly because we are only slightly below a resistance level. Subsequently, you can offer a similiar size loan at a way higher rate (e.g. 0.2%). The shorter has to either take on this loan to keep his position open or close his position.

In addition, the low rates could also be used to get some "fuel" for the next leg up. I use the term "fuel" here because eventually shorters have to close their position and it this is done via market buying it could be classified as "fuel".

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: DaveyJones on April 06, 2016, 05:42:43 PM

Quote from: lolikop on April 06, 2016, 05:39:42 PM

There is a guy lending 40.000 XMR for 0.02% knowing polo could be hacked tomorrow, or the admin deciding to go scam

Isnt this just plain stupidity ?

Or maybe its polo´s own funds? maybe same kind like ?kraken? where there is margin but no lending so it has to come from the site itself ... i don´t im just speculating

Staying out and letting rates rise would be far more profitable, given their 15% take. Forcing rates down to negligible levels like this would be self defeating.

Topic: [XMR] Monero Speculation - page 1371. (Read 3313576 times)