I sold too soon... I need to buy back in

I just decided to go back to the defaults and then change settings by 1 or 2 numbers at a time until I get it how I want it or it breaks. However I noticed now it is making 22 asks and no bids. I've seen it do a bunch of bids and no asks before also yesterday. Is this normal? I've got resources in BTC and USD so I'd think it would be creating both asks and bids...

Hey thanks for responding. I haven't been able to install my own to test bot since I would need to setup a windows web server.

I had tried to reset the changes I made earlier today back to the defaults and then make minor changes to the reserve and band sizes since the changes I made last night seemed to have borked things up. The changes I keep making are conflicting with other settings like you said so I guess I'm not reading the descriptions of the variables correctly to know exactly what the changes I'm making are doing.

Currently I just dropped my reserve to 5%, dropped the default band size to 20%, and changed max order to 10% with min order to 30% of that. I also switched it to the exponential instead of linear. I decided to keep the default 0.6 for central margin and order updates.

I tried doing the math for changing the linear to 95 instead of 99 like you suggested but it seemed like the steps would then be way larger than they needed to be to turn a profit. I'll have to keep an eye on the history to see if its still canceling orders and try to make sure I didn't sent my settings too high still.

I think it might be more profitable to try to make more trades at the inner band with higher min orders than to wait for large shifts in bitcoin price and trading at the outer band. It seems more common for bitcoin to fluctuate 10-15 cents higher or lower than the market price than 50 cents to $1.

I've been reading the information section on the site about the different customization parameters for the bot but I seem to be having a pickle of a time trying to get the bot to make larger value trades. By default it's setup to buy and sell fractions of a bitcoin and then increase throughout the trading band. I'm trying to get it to make larger initial trades say 20-30 bitcoins and then increasing from there throughout the trading band. Maybe you can provide some help to see what I'm doing wrong; my username is the same.

Is there a way to adjust the ask/bid ratio? for example all the bitcoin value asks are set significantly higher than the bids. I keep finding that the majority of my bitcoins get sold off into USD and barely get converted back to bitcoins to be reinvested. I'd rather have it set more equal to where it's buying and selling equal or simular amounts bitcoins.

cool, I'll be on the lookout

Hi,

I was just wondering if anyone knows of a site or application that can send an e-mail or txt alert when something specific happens on the bitcoin charts. For example if the RSI drops below the 30 mark or above the 70 mark it will give an alert. As this is one of the major signs I look for when buying or selling. I miss a lot of buy/sell opportunities because I'm not watching the chart 24/7

Yes, the machines are on an intranet but by setting up routing rules to the deepbit.net IP I can get them to mine.

blah, the constant changing of IP's for deepbit.net is killing me. I have to go around and change the IP in the routing table on each computer I'm mining from every time it changes,

Is the pool still under attack? I'm using the latest guiminer and am still getting the following errors:
long poll exception
Problems communicating with bitcoin RPC

The new difficulty is poop,
My bitcoins per day has almost halved, bleh, hope some of the smaller people quit so the difficulty goes back down.

Clearly the solution is flaming each other. Seems to be working so far.

I think we have more to worry about from the Government getting involved than an attack from deepbit.

http://launch.is/blog/l019-bitcoin-p2p-currency-the-most-dangerous-project-weve-ev.html

Let's assume deepbit is secure and holy in its intentions and let's reverse the thought.  If it controls 55% of the hashing power that means no one else can control greater than 45%. So the solution is to have a pool with greater than 50% of the  hashing power and secure it like fort knox,

If bitcoin system is that insecure then make it so. Better now than later.

If everyone is selling them at least they are circulating,

I for one have used my bitcoins to purchase many illegal goods and services from the hidden internet. I think this was the real intended purpose of bitcoins. :x

We are not supposed to use deepbit because they have the best features? There is no real solution to this "attack theory". Anonymous could just ddos all of the pools for the lulz then everyone can go back to solo mining. It only takes 1-2 computers running a "port fuck" attack on the RPC port to cause disruption.

You make it sound like bitcoin is like the "Death Star" and a simple shot to the exhaust will blow it up.

Is it just me or are they always out of stock,

I bought a non reference XFX radeon 5850 earlier this week from tigerdirect for $150.

I'm currently doing a low overclock with core at 860, mem at 993, voltage at 1088, fan at 70%, temp at 66C, currently getting 310Mhash/s with -v -w 128 -f 60, as I use this computer a lot I still need the graphics to be useable, lol

Anywho question is even though I have XFX the Trixx app still works to overclock however I can't change voltage still. Is there any trick/setting change to getting Trixx to change voltage? I googled and found a couple forums where people said their non reference XFX 5850s were able to be overvolted with the Trixx app, but they didn't say how.

Well since no one else is replying...

It's an interesting idea... I know Amazon already offers a cloud GPU computing service for $2.10 an hour each rig comes with 2x Tesla Fermi GPUs but I'm not sure of the hashing power on those. Tests showed it was unprofitable or very little profit, however the tests were done when the exchange rate was far below $5 though.

So question #1: How profitable will this be if the exchange rates fall to say $1.50/btc?

question #2: I'm not sure why you need to start out on a large scale with $28k worth of mining rigs. Why not start the idea by yourself with your own investment capital at 1-2 rigs, then dump the profit from those into buying more rigs each month or however long it would take to mine enough BTC for a new rig (cba to do the math)

I don't know enough about bitcoin and the system and how the market works but in my opinion I wouldn't invest money for a future gain in bitcoins. It may be profitable this month or even 2 months from now. But I get the feeling it won't be profitable in the long run that would make it worth spending money on a mining rig. I prefer to just mine with what I got and take the 100% profit instead of spending $2,000 and hoping that 6 months later the bitcoin system will still be the same and the investment pays for itself.

They do it for the lulz, More profitable for them to see a community rage than to make a couple dollars, lol, It's like people who stood in line to buy the first PS3 and then smashed it in front of everyone else waiting in line.