If your offer is taken and held for full 24hrs, you should get 0.2BTC. Now you can either withdraw that BTC (non-compound) or let it ride and loan it out again, so next day you're lending 100.2BTC and now should get 0.2004 on the second day, that's where compounding comes in

apples to oranges? USD to BTC

$22.2MM longs vs $6.2M shorts gives a better picture. But we got almost BTC10k new longs opened in the last two days that's like 120% growth (although i don't think i saw all of those borrowed funds hit the market yet! ) so ATH short with 120% growth in two days while market is moving against them VS a typical long volume with maybe 10% rise over the same 2 days period ...

Well, currently there are:
22,193,192.53 USD swaps
17,599.02 BTC swaps (or about $6.1MM at current price)

Say you have $333 and very confident that the current price $1000/btc    will go up. If you buy 0.333BTC and the price goes up 10% to $1100 next day, and you sell you'd have $366 ($333+$33 ) Yay but that's not good enough for you and instead you decide to leverage long. That is, you come to RyNinDaCleM and say you want to buy a full 1BTC.  RyNinDaCleM, being a loan shark that s/he is, agrees but on the following terms s/he will buy and hold it for you, s/he wants to be paid 1% per day and asks for Initial Margin 3:1 (33%) and warns that Maintenance Margin is 15%. Blah blah STFU you agree and hand him $333 (33% from $1000 as Initial Margin) he puts in $666 of his own money and buys full 1BTC and says he'll keep it for safekeeping you go Whateve's. Now you prop your eyes open with tooth picks and glue yourself to a monitor looking at BTC price charts expecting it to go up. You've entered a leveraged long position.
Outcomes:
A-Day later, price goes up 10% cool!! You ecstatically run to RyNinDaCleM's place tell him to sell that 1BTC and give you your money. He hands you $427.34 ($1100 - $666money he put in - $6.66 his 1%swap interest for day). You come back home and find your girlfriend with another model looking chick having a pillow fight naked on your bed. Cool much better than $366 eh?

B-Day later market moves against you $100 so btc is at $900 now. You kick the cat, lock the dog outside, but hang in there after all you got mad trader skillz and confident that the price MUST go up so must be just a glitch in the matrix. Next day market moves against you again and BTC is at $800 now. You call up your girlfriend and say that she needs to loose few kilos/pounds, call up your mom and say you always hated her cooking. But stick with your btc. After all BTC always rebounds, right? It always does. RIGHT!?! Day three, you wake up and find puke all over your keyboard, empty bottle of vodka and a really fat "thing" passed out in your bed. You really hope it's a chick but can't tell and too afraid to check as to not wake her/him up. You check BTC and it's trading at $700. Damn must be that full moon oh well BTC is only down 30%. You look at the chart and conclude that the pterodactyl's nose points to a trend reversal tomorrow. But phone rings and it's RyNinDaCleM saying it's a margin call and he just sold your BTC and come pick your $14.02 up . WTF thought we were cool bro? Phone ring wakes up the fat dude that was passed out on your bed, he give you a compliment on you pretty mouth while he pukes all over your bed/carpet.   WTF just happened!?!

Well, your equity (your money) started off at $333. 15% Maintenance Margin at price of $1000 is $150 so you're well over that with your $333
-Day one btc is at $900. Your equity is at $227.34 ($900-$666RyNinDaCleM share-$6.66one day 1% swap interest), 15% Maintenance Margin means that you need to be at least at $135 (900*15%). $227.34 > $135 so you're good.
-Day two btc is at $800. Your equity is at $120.68 ($800-$666RyNinDaCleM share-$13.32two day 1% swap interest), 15% Maintenance Margin means that you need to be at least at $120 (800*15%). $120.68 > $120 barely made it.
-Day three btc is at $700. Your equity is at $14.02 ($700-$666RyNinDaCleM share-$19.98three day 1% swap interest), 15% Maintenance Margin means that you need to be at least at $105 (700*15%). But $14.02 < $105 MARGIN CALL!

Shorts are the other way around where you borrow BTC and sell it right away for $ in hopes that it'll go down so you can repurchase it later at a lower price. Don't have time to write up an example for that today  

TL;DR lots of USD swaps (longs) means a lot of people holding BTC with borrowed money in hopes that BTC will go up so they can sell and pay back the $$$. But they're paying interest daily, and if market goes down too much they might have to sell their BTC before loosing everything, or if it goes down too much the BTC might be sold automatically by exchange in a margin call. Which might cause a domino effect. Price falls, person 1 gets margin called and his coins are sold on the market, causing the price to drop even more, now person 2 gets margin called and now his coins are market sold driving the price even further down now person 3 is in trouble etc...

BTC swaps  (shorts) are the other way around, people borrowed coins, sell right away and sit on fiat. Eventually they have to buy the coins to give them back (close their short). They obviously hope to rebuy at a lower price. You borrowed a coin from me at $1000, price goes up to $5000 but i don't care and want my coin back, so you're forced to buy at the market price. Forcing price up, and possible margin call on other shorts driving the price even higher...

Unless he's just accumulating to dump all at once and squeeze longs?

Place your bids low cause someone is about to unleash a huge dump on bfx? 

Annnd we're at 18k shorts with no volume on BFX someone is doing something funny

Hmmm but i don't see the corresponding volume on BFX! As if they're borrowing but not opening short positions? Or possibly just accumulating to dump all at once?

Shorts are doubling down about 9k coins shorted in 2days  while longs are only up about 1MM

Hope you can sleep at night with these kind of thought

In one word competition. If it's so profitable what's stopping 100 new asian manufacturer coming online tomorrow at the fraction of the cost and driving hashrate through the roof squeezing those profits? What about Intel entering the market? It's always a risk/reward game you won't see crazy profits for too long, but when you do and first to the game you reinvest to try as grab as big of the pie early on, not hodle because you get way too much money from other business.

So they're not dumping now, and even less likely to dump when market goes up. Perpetual hodlers?? Great business plan with no exit strategy, but even if that's the case and 1% ASIC manufacturers horde up all new coins there's the risk of the other 99% revolting and hard forking you out of the game.

Sales != profit.

And again you're whole argument seems to be that they're so profitable they can do whatever they want. Even if that the case in one instance, clearly that's not sustainable on a long term scale

Bottom line is money has to come from somewhere to cover costs and generate fiat profit. And your argument that they'd rather indefinitely raise capital from VCs to cover their costs rather than sell their own inventory is conceptually flawed. Simple as that.

 not sure how many time "significantly below $400" per unit can be quoted here. If they're profitable why can't other ASIC manufacturers be?

Again the fact that this one time event was so against the norm that it made the news should hint on how the normal course of business goes. Would BitFury selling their inventory to fund new farm made the news??? Think that be considered the normal course of business

If you're selling you want to minimize your slippage, so you need volume. Instead of dumping on one exchange you split the dumping across multiple exchanges. And of course the other part (like with Mr 30k bearwhale on stamp) is arbitragers (sp?). Bots buy on cheaper exchanges and sell on higher for profit.

Yeah i'm yet to hear a valid counter point to this. Although i don't see them as evil, just part of the ecosystem/capitalism. Hope the halving and a risk of a hard fork if they get out of control would keep them in check.

Mining farms are in the business of mining, not risk taking on currency fluctuation. Once gain if they're so profitable in mining the logical thing is to reinvest that income and expand the profitable mining operation, not horde your inventory in hopes it goes up. Just like a gold mining, i'm assuming they sell most of their resources as soon if not before they get it, they don't speculate on price swings (much).

And once again there are 3600BTC mined EVERY day. Either by mega farms or solo miners across the glove. In both cases i think everyone agrees that MAJORITY of those BTC will end up on the market, so market needs to find a price point at which those BTC can be absorbed. Now the argument is:
1-who is more likely to sell most of mined coins, mega farms or your solo farmers?
2-And by how much? If it's by 1-2% does it really make a difference.

I think history shows that first miners were horders, and actually just did it as a hobby at a loss. So i tend to lean that mega farmers would sell more, but again how much does it matter? There will be 3600new btc today and someone will own them

Then don't stop keep on selling think it's working

Don't think they ever reached 51% did they? thought they just got close.

And there are so many arguments against centralization i don't even know where to start. I guess the easiest is regulations, even if it's not in the companies interest, companies are easily manipulated and have to report to government. Regulation will go in place to try to control it/shut it down/freeze accounts etc etc etc etc...

I tried 

But how's that different from say have just google run one large mega farm, as long as you own stocks of google and get your share of btc through dividends you're good right? ...right?