Its amazing how a year or so ago news like this would have caused a buying frenzy, however at this point in BTC's life its just another marker on the road the to the moon 

Thats cool, we'll agree to disagree, Ive been in XMR since the very beginning and could name the people your referring to. They may have increased slightly due to profit margins but they have also had huge hash rates regardless. The network has been majority owned by three or so people since the beginning. Anyways no need for shit slinging. Id be interested in your confirmation from amazon that XMR mining is solely responsible for the increase in spot prices.

Also its important to note that the profit margins involved with XMR mining haven't been particularly  high, for the vast majority of the time XMR has been traded on exchanges its actually been negative EV to mine and not buy. I did chart up cost price over time and lay the exchange price over it, Ill have to remember where I saved it.

Thats because contrary to what dga is suggesting I doubt xmr mining does  have a significant impact on ec2 prices, this is in addition to the fact that this graph is showing 1 out of 5 regions and also 1 of the several different instances ec2 miners are using. Furthermore a spike in ec2 price 2 days before the spike in XMR net doesn't make sense for this scenario.

I presume dga is referring to me. 1200 figures are a best case scenario, Ive had some higher while playing with things such as huge pages etc but the variance you can get even between instances in the same region can be easily 10% + . Your right my c3.8 costs are a little high, couple of reasons for that;

1)Im in the EU and due to region instance limits I have/had a real mish mash of instances in various locations etc. The price of a c3.8 in Ireland atm is actually higher than .32 so to guarantee your instances wont be terminated by price you sometimes pay up to .4 an hour.

2) Its actually more profitable to run multiple smaller instances that cost a little more than one 3.8 but shush


Also to dga;

Have you overlaid that graph with the other 5 regions to see if your analysis stacks up across the board ? I suspect it wouldn't.

I've just enrolled for the first time using this method and I just pressed submit again with a blank form.

On a side note, Ive only just noticed that Stunna has limited the posts to 400 per month. Bet there's a few people who are butthurt over that! Lets see if they still post as excessively as before, will be interesting.

Silly question but is that file there in the folder and of that name ?

Various, but if you work it out based on a rough average of ec2 costs and HR.

So the large c3.8 instances are pushing average around 1000h/s with a cost of $.32/hour , so $7.68 per day OR 0.01151 BTC per day.

At current difficulty 1000h/s is around 1.45 XMR per day. This means 1.45 XMR needs to sell for 0.01151 to break even, giving a production price of 0.008 BTC.

I definitely think free hardware or already ROI'd hardware account for a largish percentage of the network. But Im fairly confident, from what I know, that the large majority of the network is made up of ec2 miners. Most having already mined and sold enough on the spikes to mine at a loss at least temporarily.

From my calculations the current production cost on ec2 at a difficulty of 759066027 is 0.008 BTC per XMR which puts us well below production cost. I dont think i've ever seen clearer buy signals particularly as the net hash is rising again after a small dip.

Okay Ill rephrase it for you, Its not like I would just take someones word for it without some real proof. Like I said above I really don't care but its interesting to see what the price would be, especially as its a one shot kinda auction where you cant keep raising your bids.

Thats like your opinion... This is a supposition / speculation forum so theres nothing wrong with you know suppositioning or speculating.

Yeah course, but its not like anyone would just take someones word for it without at least some proof. I dont care either way, who does? Its just interesting to know and I reckon something will filter through.

I think it stands to reason that the price of at least some of the lots will be known even if there isnt an official announcement. Im sure someone who buys a lot will either already be in the bitcoin community or at least willing to speak to some sort of media.

Okay, so Ive just got back off a holiday and am ridiculously confused. I didnt send a PM on the 17th for last months payment as I wasnt able to access the internet and just presumed I would be able to roll it over as before. So now Im not in the enrolled list due to this new system, I understand to get paid for this mionth I need to enrol the new way but what about last months payment?

Where are you wanting to send it to ? Both Polo and Biterex will give you a payment ID. If you need to know the transfer command it is

transfer 0 [Addresss] [amount] [Payment_Id]

   What! I thought everyone was jointly day trading and manipulating the price, while banning China and drawing dinosaurs, you mean to tell me there's people who just want to buy some coins on a monday morning 

I dont understand what that has to do with nxt? If it was a hacker who took control of someones account they could do it with any coin ?

Have you a source?

I don't think they would have added it to the voting if they were not in the position to add it. They flat out refused to even consider it earlier on and my guess is that was due to them not being able to implement it.

Are you sure its a bug and not just that you have lots of small inputs going to the transaction your trying to make thus making it too large. Have you been mining to that address?

$0 market cap and 0 total PPC supply, like he said