I bought several times at bitcoincommodities last year and wanted to order again, but whats up with the bitcoin prices? They seem way too high. For example 1oz gold philharmonic is listed with 998.4€ or 1250.1$ or 3.8373 BTC. That implies a BTCUSD of 325,78 and a BTCEUR of 260,18. Bitcoinaverage is at 383$ and 308€. Bitpay BBB is at 384$ and 306€. Where does that huge difference come from?

A 1oz phil should cost about 3.25 BTC not 3.84 BTC, thats 18% above market prices. As a customer you sometimes get a discount when using bitcoin, not a premium of 18%. Or are the displayed prices completely broken?

There is a nice website for those casascius coins: http://casascius.uberbills.com/?address=1Ag1qstBLPLsc8hwuJmEcrWJN9dc8LGndB

Measured in Bitcoins, it was 550k BTC in 2011. Here is a list with the highest amounts in transactions to one address: http://blockr.io/trivia/tx

In USD it probably was the "Shit load of money!" transaction with 195k BTC (147 Mio. USD) in November 2013 http://www.coindesk.com/194993-btc-transaction-147m-mystery-and-speculation/

hey guys,

i was puzzled about the reported volumes in the last weeks from the chinese markets and couldn't believe it to be true. So i looked i little bit deeper and it looks like the 24h volumes on chinese markets are completely wrong.

For example look at fxbtc.com. they report a volume of 22228.35 BTC for the last 24 hours. 22kBTC!, compare that with 5-8kBTC each on mtgx, bitstamp, btce. sources: https://www.fxbtc.com/ top bar on the right side, or https://bitcoinaverage.com/markets.htm#CNY , http://btckan.com/price or directly via their api https://data.fxbtc.com/api?op=query_ticker&symbol=btc_cny.

BUT, if you look on the chart in the homepage you see different volume data for smaller intervals. eg. 5min, 15min, 30min, 1h, 8h. If you sum up the volumes of the last 24 hours you are nowhere near 22kBTC. I did this with 1h data and 8h data, and both are the same. It is 383 BTC for yesterday, today til now (its 04:00 am in china) 82 BTC.

That leaves a huge gap between 22k BTC and 383 BTC, or am i completely missing something?

That 22kBTC seems more like a 30d volume, but it changes too fast. So i think either it is completely fake or it is a 30d estimate based on the last 24 hours and everything is a huge misunderstanding and bitcoinaverage and btckan interpret that values wrong.

Not enough, it looks like other chinese markets do exactly the same (except btcchina.com). If that all is correct that would mean volume in china is nowhere near that of usd and european exchanges.

What do you think?


fxbtc.com 1h and 8h Volume Data from 19.01.2014:

20.01.   
04:00   0.02
03:00   0.62
02:00   12.30
01:00   31.67
00:00   37.58
         82.19

19.01.
23:00   140.03   
22:00   88.80   
21:00   13.92   
20:00   42.43   
19:00   13.59   
18:00   0.98   
17:00   1.62   
16:00   1.87   303.24
15:00   2.90   
14:00   18.14   
13:00   1.79   
12:00   0.07   
11:00   0.21   
10:00   9.43   
09:00   8.47   
08:00   9.22   50.23
07:00   1.12   
06:00   0.00   
05:00   7.50   
04:00   10.10   
03:00   1.07   
02:00   0.00   
01:00   0.10   
00:00   10.03   29.92
        383.39  383.39

The nice thing with the 10,000 factor is, we have already another one for the upper side (although it sounds more slang than offical):

1 Pizza = 10,000 Bitcoins

Yes its the chinese mistake. But it is also BTCAVG responsibility to handle such situations when we know something is wrong. Manipulated volumes are a serious issue.

I really appreciate your website but i think some of your chinese markets show completely wrong numbers for the volumes. For example fxbtc shows a 24h volume of 22620.9 BTC probably from here: https://data.fxbtc.com/api?op=query_ticker&symbol=btc_cny

But that seems completely unplausible. According to bitcoin-analytics their complete order book is only 1200k CNY and 180 BTC. In the chart on the homepage you can actually see very small trades and a daily volume of about 490 BTC. So maybe that 22620.9 from their api is the 30 day BTC volume. You should clarify that or remove it from your computation because now it is by far the largest contributing market.

And do we know whether we can trust data from okcoin now? They had been accused to fake their volume and are still reporting far more 24h volume than even mtgox/bitsamp/btce. That's also not plausible.

Maybe you could add a switch to remove suspicious markets from price computation.

Since we have a crypto currency i think the most obvious would be:

One Crypto


I also like:

Thanks eldentyrell for the idea! My coins where held hostage too, and i don't trust them enough to send them my identity documents.

The good news is: the withdrawal trick with the old API still works with the new API with a newly generated API key.
Be quick if you want to withdraw. Who knows how long that is working. Details are here: https://www.bitstamp.net/api/

Can someone explain me why did block 209998 get only 10 transactions when it had time for 23 minutes? And block 209999 543 transactions in just one minute?

Was that done on purpose by the miners, so that as many transactions as possible are on the famous "last" block?

Happy Halving!

I was just browsing around on bitmit.net when all of a sudden that message hit me:


That sounds really really bad :/

I am going to miss that site, if that is not some bad joke.

Well, thats an option, but i would like to have more than just git on the command line. A nice web interface with commit diffs, issue tracking and a wiki, like github has, would be nice.

Does anyone know a code hosting website like github.com for private repositories where you can pay with bitcoins?

There are so many bitcoin services being developed, i am wondering what everyone uses for code hosting and project management?

Just github.com and pay with credit cards? I don't want to do that.

Ist bei mir auch so. Echt sehr ärgerlich.

Noch ein paar Verbesserungsvorschläge:

- Seite manchmal sehr langsam (zb. jetzt, So 19 Uhr)
- "Versand nach..." funktioniert nicht, auch nach Klick auf Merken nicht (mit Chromium). Wählt man im Menü eine andere Kategorie ist die Einstellung weg.
- Die Beschreibung, Bilder, Gebotsübersicht, Über den Verkäufer Tabs funktionieren mit dem Android Browser am Galaxy Tab nicht. Damit auf Android Tablets praktisch nicht verwendbar.
- Automatischer Verkauf nach x Tagen an den zweitbietenden wenn Höchstbietender keinerlei Reaktion zeigt.

It seems that Eric Schmidt did just talk about P2P money on his MWC Keynote.

http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htm

http://www.electronista.com/articles/12/02/28/google.chief.talks.phones.and.robots.at.mwc.2012/#ixzz1ninmGB00

Bad thing is, he thinks P2P money is illegal in US. On the other hand, i am not so sure if we ever want money in the hands of Google

12.34567

July 14, 2012

Is the bounty only for the exact day or for the one with nearest date?

Nur kurz da OT: 21 Mio Bitcoins = 2,1x10⁷. Ergibt 2,1x10⁷x10⁸=2,1x10¹⁵ Satoshi. Setzen wir nun einen Satoshi 0,00000001 = 0,01 Euro ist die Gesamtmenge an Bitcoins 2,1x10¹³ Euro = 21 Billionen Euro. Geldmenge Euro M3 ist zb. 9,5 Billionen Euro. Du siehst, bis Bitcoin die Größe vom Euro erreicht hat, haben wir keinerlei Probleme. Danach könnte man noch weitere Nachkommastellen hinzufügen, oder auch nicht. 1g Gold ist auch nicht 0,01€ sondern ~40€.

OT: Just found a handy watch: current UTC time and date: http://time.is/UTC or http://time.is/Thailand for Thailand