So this means miners are stupid? :p

That aggressive tone is unwarranted - stopping from mining when you still earn enough to pay the electricity bill is a bad business decision. If you can't comprehend this simple fact then there's really nothing to talk about. I thought you were implying that the whole notion of sunk cost is a fallacy.

If short run marginal cost is below what you can sell for, you produce more.  You hope to recover your "sunk" cost over the life of the project.

If things stay the same, it will.

Buying and paying off a card in this climate looks very tough and cannot be advised.  However, if you already have the hardware and you aren't so worried about hardware deterioration then mining is surely still quite profitable.

My miner is still (price = 4.8 USD, difficulty = 1755425) just about beats electricity and not only do I pay the equivalent of about .17 USD for each kWh of electricity but my dual 5850 miner is currently housing an AMD Phenom II x6 1100T: overvolted, overclocked to 4.0 GHz, and running at 100% on all cores.

Perhaps some people have much higher electricity costs or are still trying to mine with Nvidia cards but I'd imagine the bulk of the miners are comfortably covering their electricity costs with their earnings.

.812

There's a little something called sunk cost, and it's by no means a fallacy: when you've already committed a large budget of money and time on a mining project, you can't pull out if you are not "living the dream".

And also - wouldn't you expect the difficulty go down? It's no longer profitable to invest in new mining rigs, moreover, many people are scarcely making any profit with such low exchange rates.

Yes, this is the harsh reality of the bitcoin -- it would be a true deflationary commodity if difficulty were able to not go back down over time with relation to the number of people mining it, but since it does it is neither a deflationary nor inflationary commodity but both depending on the direction of the difficulty and the hash rate.

Given their exposure to volatility, they have to have huge spreads.

It'd make sense to base themselves out of NY though since that's where the high rollers are(except microsoft which is out in cali)

Some of us are here to get away from the control that comes with fiat. I would go so far as to assume that some of the more hardcore Bitcoin proponents feel this way. If someone managed to control Bitcoin (which I see as unlikely at this point), many of those hardcore proponents would be gone the next day.

I'm not worried myself based on charts and T.A., more just frustrated with the blatant 17000BTC Manipulation Wall that killed the really dead in its tracks. Obviously The Manipulator wants to buy lower and is happy to risk peoples confidence.

I'm sort of wondering why the hell that wall even affected the rally.  Anyone could see that it was manipulation.

If a thief finds a new calling in life where they can help people, instead of continuing to hurt them like they used to, and you take that away from them, the ONLY thing you will accomplish is making that thief desperate enough to return to hurting others. If Bruce is as horrible as you say he is, I'd much rather have him host a harmless interview show than actively trying to figure out how to scam us out of our Bitcoins.

I'm also still a bit lost on the whole SA goon lied to Bruce == Bruce is a liar and should not be trusted. Someone please explain?

In that case the BTC spread should be 0.066  (not 0.132).

One of the two numbers is WRONG.

You're placing a Stop order.

Whenever it seems to be, it moves somewhere else.

They are having a liquidity problem, because people just open their positions but put no limit orders except stop orders.

The market orders remain open because there are no counterpart.

As they get into Tradehill and get more costumers, this will solve by itself.

If you place several market orders, and watch they get completed, you will notice you can bump up or down the prices really fast (for lack of liquidity).

All I can tell you people is: Patience, lots of patience... When leveraged 5 times, remember some "medium-hitters" can become heavy-hitters easily (myself included... when I got into bitcoinica, I did a too big market order, and saw a spike of 20 cents caused by my own order... while at mtgox I would move only 2 or 3 cents... but also looking in mtgox order book, maybe it would moved even more than 20 cents...)

bitcoinica stop orders are triggered by the bid ask, but they are executed at whatever value it can. Even market orders do not execute at current market price (only the leverage is calculated... thus yes, you can get negative trading balance).

And when you complained, and posted that photo of (1 minute ago), that was exactly when I am seeing a spike to 5.6 on mtgox live

A spike triggering a buy run on bitcoinica is not unlikely (in fact, MANY people lsot money this way... NEVER attempt to trade at bitcoinica during a mtgox spike, there will be massive spread and slippage... I always wait for the price to settle).