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Bitcoin => Bitcoin Discussion => Topic started by: pist0la on May 21, 2011, 07:37:32 PM



Title: Unusual activity on Bitcoin Monitor?
Post by: pist0la on May 21, 2011, 07:37:32 PM
Never noticed this transaction pattern before. Anyone know what causes it?

http://i51.tinypic.com/2vtvdzp.jpg


Title: Re: Unusual activity on Bitcoin Monitor?
Post by: kiba on May 21, 2011, 07:40:10 PM
Nothing to see here. Move along.


Title: Re: Unusual activity on Bitcoin Monitor?
Post by: Basiley on May 21, 2011, 07:42:21 PM
stock market speculation ? :)
flash-mob ?[making graph picture smile  ?:-]
but if you read this graphy [really-really-really]CAREFULLY you can read "BitCoin Rulez !!" there :P


Title: Re: Unusual activity on Bitcoin Monitor?
Post by: Longmarch on May 21, 2011, 07:42:37 PM
automated mining pool payouts

eta: okay, probably too high a quantity for that.  Someone is chaining transfers, now that I look closer.  Could be all sorts of reasons.


Title: Re: Unusual activity on Bitcoin Monitor?
Post by: Basiley on May 21, 2011, 07:45:42 PM
automated mining pool payouts
or Santa refueling cash payout. or netflow/ppl dayly activity impact.
ANY stock market fluctuations can reflect virtually anything or nothing at all -)
its nature of such biz -)
try watching NYSE or Nikkei charts/graphs dancing  !! its attractive/psychoactive and and kill both dolphins and humans.


Title: Re: Unusual activity on Bitcoin Monitor?
Post by: kiba on May 21, 2011, 07:50:28 PM

eta: okay, probably too high a quantity for that.  Someone is chaining transfers, now that I look closer.  Could be all sorts of reasons.

That why I said "nothing to see here, move along." ::)


Title: Re: Unusual activity on Bitcoin Monitor?
Post by: Longmarch on May 21, 2011, 07:51:03 PM

eta: okay, probably too high a quantity for that.  Someone is chaining transfers, now that I look closer.  Could be all sorts of reasons.

That why I said "nothing to see here, move along." ::)

yes


Title: Re: Unusual activity on Bitcoin Monitor?
Post by: error on May 21, 2011, 08:34:36 PM
If you want something slightly more interactive, watch your disk defragment.


Title: Re: Unusual activity on Bitcoin Monitor?
Post by: Stephen Gornick on May 22, 2011, 01:46:26 AM
This is an example of the type of noise that makes useless the metrics for the total number of transactions and the total BTCs transacted over a period of time.

Bitcoin Watch shows that there was about $4 million worth of BTC that traded in the past 24 hours:
 - http://bitcoinwatch.com
  These types of transactions cause that metric to mean relatively nothing.

The BitcoinDays Destroyed metric will provide a more useful metric:
  - http://forum.bitcoin.org/index.php?topic=9300.0