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I'm fairly sure this is completely wrong.
The "price" is where asks meet the bids. So what matters are the high bids and the low asks. The quantity you're calculating is instead affected mostly by the low bids and high asks. If I place a bid of $0.01 on 100000 BTC, it will have absolutely no affect on the trading price but will significantly drop your calculated price.
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6. How can I display smaller fractions in the client? I've seen people discuss 0.0000001btc transactions, but I only see 2 decimals.
See #7, full decimals were introduced in recent versions. |
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Gaps of >30 minutes are supposed to happen about 7 times a day.
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Ok, I get it now. It seemed as if you were at risk of being shut down due to said content being put up in the first place.
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If my account gets terminated, then all of the hosting at 1btchost also gets terminated.
To be honest, I feel a bit uneasy being hosted on a service which can so easily be terminated. |
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They don't  Then contact them, ask to which address it was sent. Look it up in blockexplorer. Find the wallet containing it. |
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Is the score actually a logarithm?
Yes, the "score" value displayed is actually the logarithm of the true score, which is proportional to the payout. |
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0.65% per trade.
From each side. So if 200K BTC are traded in a day at $20 they make $50K. |
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Korjax, you had better return to the exchange transaction records and get the address you entered there and then plug that into bloxexplorer.com. If that address does NOT show up then contact the exchange and ask them why they never sent funds to that address.
If that address DOES show up then you need to figure out what you did with it. When you changed wallets and stuff you shouldn't have deleted a wallet and the address should still be in one of them. But it is possible in confusion that something was lost perhaps.
When you check addresses in the wallet be sure to click the "receiving" tab because it contains different addresses than "sending". The way bitcoin works it creates 100 addresses for you upon first run and they are inside your wallet. Only ones you use (or when you click Add Address) get shown in the addresses list. This aspect is confusing because it seems to make no sense but it is useful for people wanting to make tracking identity difficult.
How do I look that up on Tradehill? It looks like they only track "recent transactions"... I see no page about full transactions made. On the top of the page, there is "Welcome" and your login. Clicking on it leads you to your profile which should have a complete list of the transactions. I'm not sure they display the address used for withdrawal though. |
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Wow pretty sure I just got jipped then.
My 1 BTC is completely missing from my address according to block explorer... for some reason it seems like my address changed since the last time I've used it, or Tradehill completely threw away my BTC
This whole thing seems compeltely unreliable.... jesus fucking christ. Why the hell is my address different now than it was before? I sent this data in a week ago and it still isn't here, now I have a different address and I'm still jipped of about $14 USD worth of bitcoin. Fuck this!
You don't have an address, you have several addresses. The client automatically generates new addresses to help you preserve your anonymity. In the client go to "Address Book", "Receiving" and try to find there the address you used with Tradehill. Look at it with block explorer. If it's not there you need to contact Tradehill about this. Make sure you are using the correct wallet file. If the money appears in blockexplorer and not in the client, and you have all blocks, run bitcoin with the -rescan parameter. |
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* Frustrated miner that want to get this block done and be done with it. *
There's nothing special about "getting this block done". If mining for this pool is good for you do, if not don't. Mining is random, there's no accumulation of work. Do keep in mind that in most other pools your average payout will be less because of pool-hopping. |
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+1 in theory, but I think it will be intractable in practice.
I think this kind of things is what the wiki is for.
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I'm pretty sure that every time you do a transaction your wallet generates a new address. All the addresses that display in your bitcoin UI are attached to the same wallet. This is a security measure so you can't duplicate transactions.
I, of course, could be wrong.
AFAIK the client generates a new address when: 1. You send money, to receive the change 2. You receive money to the address currently selected in the GUI In any case this has nothing to do with the problem I am describing. |
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I thought I was clear in my problem description, but based on krepta's post and a reread of FreeMoney's I'm not so sure. I'm not talking about background processes which the client does without displaying the specifics. I'm talking about someone sending money to one of my addresses and this not appearing as a transaction in the client. As for knowing whether someone sent what they were supposed to or not, Isn't that why we have Labels for incoming addresses on our bitcoin UI? For instance, I use the same incoming address every time I play Bitcoin Darts, and it's Labeled Bitcoin Darts. That way I know which payments are from Bitcoin Darts, and which are from someone else. Even though Bitcoin Darts is probably sending from different addresses every time, so block explorer would be too confusing to use to figure stuff out.
Of course, labels are a convenient way to remind myself which address is associated with what. But this doesn't help if the client doesn't display that this address (with its label) received payment. |
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I think you need to read up on utility. 0.5 BTC a day doesn't have any utility for me compared to the effort. Finding 50.0715 BTC in my wallet this morning had great utility in contrast.  So 0.5 BTC is bad, but 1% chance of finding 50 BTC is good? Then this isn't at all about pool fees decreasing your expected payout... It's just that you're among the few people that actually enjoy the rush of having high variance. Good for you. (And consider the lottery for satisfying your variance cravings.) What about Myth 1, BTW?
Why is this nonsense still in the wiki?
I guess you're right about this one (though I don't know a lot about this myself). Wikipedia has a "be bold" policy which I guess applies here too, feel free to change this. |
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This means that variance is not just "psychological", there is a real economic cost to variance. These days you might get away with saying that if you're a Vulcan you're better off mining solo, but in the future when mining will be one in a million chance to get $100M even that much won't be true.
That's incorrect. Even at insane difficulties solo mining pays more on the bottom line. The chance to find a block solo decreases as much as the average payout of a pool, the relationship between both stays invariant. Did you even read what I said? The expected money for solo mining is higher, but its variance is insanely higher and it's bad. I think you need to read up on utility. |
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The utility of money is concave, logarithmic is a good model. It's expected utility you need to maximize, not expected money. This means that variance is not just "psychological", there is a real economic cost to variance. These days you might get away with saying that if you're a Vulcan you're better off mining solo, but in the future when mining will be one in a million chance to get $100M even that much won't be true. And we're not Vulcans. Trying to mine solo caused me to lose sleep. Plus, some pools have convenience and monitoring features, and in the future end users won't be able to run a full network node. Solo mining is undoubtedly better mathematically
Only if you think mathematics is about extremely oversimplified models completely detached from reality.
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Meni:
your ideas have merit ... Ripple, Loom, Open Transactions are also pieces with similar lines and shapes ... it is like a jigsaw.
Thanks, I'll look into those more closely. |
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Mostly I was worried about the possible confusion that can happen when people visit a specific Instawallet linked somewhere, then later return to the site and don't notice that they are redirected to an "old" Instwallet instead of a "fresh" one.
How about creating a cookie only when a user visits the main site without a specific wallet? This should solve this problem. I think deprecating the cookies will be a significant decrease in convenience and cause many lost wallets. |
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Ook, SORRY if i was wrong taht is not your pool.
I sawed this twice so i was thinking it was yours.
What's "it"? I mentioned several pools. In case you meant Multipool then I guess a clarification is in order. Most pools use the proportional system, which is vulnerable to the pool-hopping cheat. So far this has only been a problem in theory because hopping wasn't rampant. Multipool is a recently opened meta-pool which forwards its participants to proportional pools in a hopping pattern. This means that: 1. As long as Multipool is working correctly, people who mine for multipool will receive a higher reward on average than solo (as opposed to any other pool which is at or below solo levels). 2. Now that Multipool exists, proportional pools have a much more serious hopping problem, and this may cause a noticeable decrease in the rewards of those who mine for them. |
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