Which state are you located in?
Illinois |
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I installed the 0.5.0 version and the user interface is total crap!
The startup splash screen is lame. The wallet in the picture is very similar to my old wallet I was using for 8 years. It was sticky, and the coins was falling out from it so I got a new one. The Splash screen for Bitcoin must be like in DC++.
The overview window does not allow me quickly view and sort the transactions, I need to click the transactions, but then the balance is not shown.
Transactions window does not show number of confirmations, I need to hang cursor over to see confirmations. The recieved payments who have no label attached to recieving adress is greyed out just like unconfirmed transactions in previous version, even if they are confirmed. The spacing is too large between transactions, the view can't show as much transactions as the 0.4.0 version could.
The connection status looks like signal indicator from old cellphone. I need to hang cursor over it and wait until I can see how much connections I got. In previous versions the number of connections was shown right away in statusbar. The same is for number of blocks.
The Address Book is unnecessary split in page Recieve coins (some stupid user might think that the Recieve Coins button is used for getting the coins) and Address book. The Adress book also have the same problem as transactions window - too much wasted space.
The intruduction of mBTC and uBTC is unnecesiary right now.
Overall the Bitcoin has taken the step that Skype made years earlier - soiling the interface to appeal to novice users also known as lamers. You make a software that even idiot can use, and idiot will be the only one who will use it.
Looking for way to downgrade and continiue using 0.4.0 on my main rig. And even the minimize to tray only works if I click Close button. The setting "Minimize to tray instead of taskbar" does not have any effect.
So, I don't have the new client, but... I read what you said. And I agree those sound like lame changes. Then I read your last part about idiot usage. If we assume that's true, then it's probably the best change to happen to Bitcoin in a while. |
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How is your electric bill "free"?
Usually the person who subsidizes the electric bill tends to catch on when it jumps 1000% (which would happen if enough people took you up on your offer).
Free electricity is fine for a rig or two but I have yet to find someone who can supply enough free electricity to power 20GH/s (~$9K annually @ $0.10 per kWh).
Free utilities with rent. Some would make the argument its included in the rent price...but at $475/mo, I'm not worried. 20 GH/s? How about 1? |
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...is where I reside. Midwest cool weather + a basement = a 6970 running at 73C with fan at 27%. Did I mention my electricity is free?
I've made previous offers to sell mining space in the past...anybody in the Midwest want to mine here for a discount off your electric bill?
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Update: After repeated failure, I tried the obvious: Copy and paste useless GUIminer files from my laptop to the new harddrive. Not only did this work, but it let me create a GUIminer shortcut on my desktop linking to my program files folder.
I still have no idea why this idea worked but downloading and extracting didn't.
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A little insight would be appreciated.
I am trying to re-install all my Bitcoin stuff on a new harddrive. Bitcoin client is up and running and re-downloading the blockchain as we speak.
I also reinstalled GUIminer. The first time, I extracted it to my desktop and opened it and began mining with no problems. Then, I attempted to move the folder from the desktop to my program files folder. Then chaos ensued. First, it told me I couldn't transfer the folder because I forgot to close my miner. So, I closed my miner. It still wouldn't let me transfer the files to that location.
So, I restarted my computer and tried a fresh extract to the program files folder. It still wouldn't let me .... I get some long diagnostic message essentially telling me to fuck off and that it only likes to be extracted to the desktop.
So, I re-extracted to the desktop. The problem is, when I try to open GUIminer, the program appears on my task bar but it won't open so I can see the app on my screen. I even tried tossing my entire GUIminer folder in the recycle bin, dumping it, and redownloading and extracting. The same problem keeps happening: GUIminer appears as running in my task bar and in the processes list in the task manager. Why is this happening?
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Anybody else notice something funny about TradeHill trading activity the last few days?
The other day I saw someone dump 8000-9000 BTC on TradeHill. Now, during the past 15-20 hours as the Gox price increased from 2.20-2.40 with a spike at 2.50, there are large sell orders set between 2.20 and 2.30 on TradeHill keeping the price lower. It kept me from buying at 2.2. Someone with large sums of cash may be playing both exchanges now.
No one is leveraging Gox against TH. There isn't enough volume on TH to do that. Just one of those things. Eh, TradeHill's volumes have been up lately. What was it at the other day, like 40,000 or something? Also, one could also use the same logic to say that the low volume would make it easy to do. The big players, I assume, naturally congregate at Gox and the low-mid range players stick with TradeHill. Besides, there are little pump-n-dump patterns that emerge on TradeHill from what I've noticed. The time that it takes for someone to dump on TradeHill seems to increase when the price increases rapidly in congruence with the price at Gox. But, if there is a delay in the time it takes for the TradeHill price to match Gox, the dumps seems to come sooner but less frequently. In other words, I am outlining 2 general scenarios: Scenario 1: Price on Gox increases but price on TradeHill remains relatively stable. When enough buy pressure leads to a price match, there is typically a quicker dump on TradeHill, but NOT as quick of a buy-back. After all, it took forever for the price to catch up...what's the certainty that someone will be there to buy my coins back, even at market value? Scenario 2: Price on Gox increases and price on TradeHill increases congruently. In this case, people are aware of the buying going on and seem more reluctant to sell. But, when that sell comes, people buy again and dump again as more buy orders are placed. I think it's quite plausible that someone could be blocking the price increase because they want to be the first to dump. I'd do it if I had the cash. I would also place large bid walls and sell into them to create the illusion of volatility which sort of reminds me of something else that's been going on... |
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Anybody else notice something funny about TradeHill trading activity the last few days?
The other day I saw someone dump 8000-9000 BTC on TradeHill. Now, during the past 15-20 hours as the Gox price increased from 2.20-2.40 with a spike at 2.50, there are large sell orders set between 2.20 and 2.30 on TradeHill keeping the price lower. It kept me from buying at 2.2. Someone with large sums of cash may be playing both exchanges now.
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Nice info. Something to keep an eye on.
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What's with the almost 500,000 BTC transaction? There was (at least) another one of those yesterday. When I checked bitcoinwatch.com, over 5 million BTC changed hands in 24 hours. How the hell does about a third of the entire currency circulate in a day?
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The greatest trick the manipulator ever pulled was convincing the world he doesn't exist.
This is one of the dumbest things I've read all day. I thought it was funny.  Fair enough. |
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The greatest trick the manipulator ever pulled was convincing the world he doesn't exist.
This is one of the dumbest things I've read all day. |
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Get the price down enough so that nobody is profitable anymore -> miners quit -> difficulty drops -> system can be 51%ed very easily without $13 million etc. -> our wallets are wiped -> people lose confidence in the system -> no more problems with SR or other illegal things the gov. did not want you to buy. A 51% attack doesn't let you steal wallets. It only lets the attacker double spend their own coins. Even then it's impractical to do in most cases. I've said it before and I'll say it again: Calling this guy (or group of guys) a manipulator is absolutely retarded because the goal of "making money" far outweighs any other incentive to manipulate the market. .... Large sums of money move the market? No shit? Normally I agree with you. In this case we have an individual who's placing some very large bids that go against obvious profit interest. Short-term these moves are losing money in a big way. He's either: 1) trying to help Bitcoin by propping up the price at his own expense; 2) trying to manipulate market sentiment for a risky long-term play; 3) a fool being parted from his money. 1 and 2 ARE manipulation. 3 is just business as usual except that we normally don't see a single person with that much money to burn. Fools usually come in flocks. (Picture of Mr. M) I like the blue leather. Black has been done to death. I noticed that too...the tendency to make irrational bids that "go against obvious profit interest" as you put it. This is one reason I think Gox may be responsible. Another explanation, which I think is also plausible, is that this person or group of persons has a large enough sum of money such that they would have no problem acting as a catalyst for a spike up to $10 or beyond. Price is psychological and there are a lot of psychological reasons why a series of incredibly large buy orders could cause a panic buy mimicking characteristics of the value increase in June. $30 wasn't that long ago and, being realistic, Bitcoin trading is currently a legal form of gambling and that is the main reason it is used. Nobody would give a rats ass about Bitcoin if it didn't have the potential to help their financial situation, and the temptation of immediate rewards is oh-so-much-more emotionally satisfying than ideal, long-term goals. If people see the price going up and going up fast, they will buy. It won't matter at that point how many retailers there are or how much the value of BTC "should" be worth given current market conditions. |
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Both the "manipulator" (aka dude with loot) and other traders both are trying to achieve the same end, but of course, each will naturally use whatever means is within their capacity to achieve that end. Even someone with a "mere" 100 BTC could be seen as a "manipulator" to someone with 5 BTC. After all, will that 5 BTC make for a good buy/sell wall on TradeHill? No, but 100 BTC stands a much better chance of holding temporarily in the midst of a Gox swing.
The "manipulator" is simply the extreme on the spectrum, so those farther from the extreme tend to label it that way. The "manipulator's" methods vary from ours because of his relative power and capacity. But, those in the middle of the spectrum vary similarly with respect to those at the very low end of the spectrum.
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Allowing a caveat for Gox, there is no "manipulator."
The potential to profit far exceeds any other incentive to trade. Any "manipulation" is simply an attempt to make profit...just like every other trader in the market.
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will it crash down further or will it recover, since the price drop was only due to a manipulation?
"...only due to manipulation" Um...huh? |
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As I've said in past threads, apparently "the manipulator" = anyone with a substantially large sum of money.
I've said it before and I'll say it again: Calling this guy (or group of guys) a manipulator is absolutely retarded because the goal of "making money" far outweighs any other incentive to manipulate the market. If anyone else traded with the same large sums of money that were observed yesterday, they, too, would be called "manipulators." Large sums of money move the market? No shit?
Edit: I'll allow a caveat for Gox manipulation.
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It's blatantly obvious that MagicalTux himself is generating the bidwall, it's up even with volatility that would kill the fastest HFT network.
Nice conspiracy theory! Even though it's stupid. I don't think this is stupid at all. If I ran Gox, I'd do it. It's smart business. It's the same as if I was the commissioner of MLB or the NBA; I'd want my games rigged. Besides...who would really know? |
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Keep in mind that if you choose "instant sell," make sure that the quoted price is what you expected it to be. I made the amateur mistake a while back of assuming that the quoted BTC/$ price would hold for all of the coins I sold. Rather, the quoted BTC/$ refers to the highest bid.
That's not quite right regarding how instant sell works (or how it should work, maybe the bids changed right before you pressed "OK"). Lets look at an example, using an example order book of how many BTC different buyers want and how much they want to pay: | $ Bid | Amount | Running Total | | 2.88 | 1 | 1 | | 2.875 | 30 | 31 | | 2.87333 | 8.5 | 39.5 | | 2.85 | 2 | 41.5 | | 2.84 | 5 | 46.5 |
When you get a quote for an instant sell, Tradehill looks at all bids currently up and calculates how much you would get. Above, you see the first buyer wants to pay $2.88, but only wants 1 BTC at that price, so if you sold 1 BTC, it would quote you 1x$2.88. If you wanted to instant sell 25 BTC, then 1 BTC would go to the first buyer, and 24 would go to the second buyer, making the calculated earnings 1x$2.88 + 24x$2.875=$71.88, an average $2.8752 per BTC. If you wanted to sell 45 BTC, the quoted price would involve all five sellers, and would get you even less per BTC. Then you have ~5 seconds to press OK to execute the quoted sale. If instead you put in a market order to sell 25 BTC @ $2.88, you don't get a quote. What would happen is 1 BTC would instantly sell to the first buyer. However, the remaining 24 would be added to the 'Ask' order book for later sale. They would remain unsold until more buyers want to buy BTC at $2.88 or higher and submit new bids. If you put in an order priced above any current bids, say at $3.10, no BTC would sell right now. Instead, your complete order will be added to the ask book, and would not sell until the market price went up to your price (and others sellers may have lower-priced sell orders ahead of you). If you've been hanging on to your BTC this long (and seen the price you could have gotten for them go from 10->5->3), you may want to put in a higher sell order than the current price and wait; miner desperation to sell your hard-mined coins is what drives the price down. BTW, an instant sell is essentially the same thing as putting in a normal order, but with your price as $0.001. It will sell as many BTC as you ask, no matter how low the final price goes. Yeah, that. |
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