It's the DailyMail, not known for verifying anything. They've based that on estimates made by un-named people - estimates which seem to presume that all fees go to Mark personally (revenue is NOT profit). To date, few reports even mention Jed's MtGox holdings or speculate on the portion of fees he's collected - that fact alone means that many of these reports, and the speculation within them are based on surface, information and no real investigation.
You are correct about the Daily Mail. However in my opinion Mark does not seem to bothered that his multimillion dollar company has just collapsed, and if he were found to have make 345,000 BTC profit from his company then I would wonder how he ended up holding an amount equal to 50% of the missing coins. Only time and real investigation will reveal the true details of the transactions, and from what I hear about Gox bookkeeping, this could take some time. |
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One of the main reasons I quoted from the article was the claim that Mark Karpeles has a personal wealth of some 345,000 bitcoins.
That is rather a lot of coins to be holding, when your company has lost a load more.
The company appears to have losses of $64 million, despite recently finding $27.3 million in a bank account. However they also appear to have lost 100,000 btc.
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I'd just posted that link in this thread directly above you 21 minutes earlier. Try to keep up. You did indeed, but as I was quoting directly from it I thought it best to also include a link to the original. Do try to keep up  |
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In my view they would have to be insane to bring Gox back in any form. I doubt the community would trust them again even without Mark's involvement....although I am sure he will try to be part of it somehow.
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If they have lost the private key, I am sure all concerned investors could help crack them  GoxCoin, 750,000 coins available...probably premined |
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If you successfully traded, you'll notice that I never questioned that on anyone (that's where you were wrong about me, to be precise).
The cost per GHs is indeed not the cost for hardware - it is far higher than typical hardware used to be profitable miners. It's a commodity indeed but its value depends entirely on the degree of cex.io "market" manipulation interrupted by periodic waterfall price drops after their manipulated Ghs price levels reach a ludicrous state.
If you can trade these conditions and not get caught cold-footed by overnight price drops (i.e. a bot trading your stoploss trigger or avoid holding GHs overnight), cex.io trading can be quite profitable. That exchange functionality is clearly their best feature, albeit the only one.
As I said a few posts ago. I was NOT trading at all during the past 3 weeks. I do not, and never have, used a bot or stoploss or any other form of automated trading. Sure, sometimes you lose a little, and it can be frustrating as hell when the price drops overnight, but that is part of the market. The price of the commodity will always be higher than that of the hardware...otherwise nobody would bother purchasing hardware until the commodity price increased due to excessive demand. This does not mean that the market price at Cex.io is artificial, or manipulated beyond the normal operations of the market forces. |
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I would have to agree. I had not invested anything with Gox, but was thinking about it before I leant about all the btc apparently stuck in the system.
It seems it has been going on for a long, long, time.
Although I have not researched this much, I also strongly suspect Mark knows where the 'missing' btc are
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It would appear to me that Gox are just trying to avoid the US subpoena filed against them.
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I would have to agree with Kirsten.
Governments like their own currency, bankers like it more. However China was once pushing for a global currency, which BTC is.
I don't think it will be long before an 'official' digital currency appears. Maybe iSpend or something equally daft from Apple.
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18 days mining, no trading at all. Pure profit from mining alone.
As I said before, it is EASY to make btc using Cex.io
18 more days and another price drop - all these profits will begin to dimish and eventually vanish as usual. To count on the last 3 weeks price stability would be more than foolish (part of it came from BTC valuation decrease), as the natural tensions to the downside increase every day. As I said before, it is EASY to lose btc using Cex.Io. Just stay with them for a while and the losses will set in (30-45 days is usually sufficient, your timing may vary). Tonight I'll update my calculations from early January with the latest data, which demonstrate the loss-effect pretty nice. I have been mining with Cex.io for over 2 months. I have seen the price decrease, lost some btc, gained more. In all that time I have GAINED btc with little trading, except getting out when I see the price plummet. I had ignored you, but thought maybe, just maybe, you would post something of value...I was wrong. The cost per GH/s is not the same as the cost for hardware, it is a commodity and it's value depends on market demand. |
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18 days mining, no trading at all. Pure profit from mining alone.
As I said before, it is EASY to make btc using Cex.io
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So an antminer costing 1.45btc, from you costs 2btc including 90 days hosting, or I can sell it back to you at the end, and just pay 1.5btc?
Am I missing something?
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Oh wow, now I've pasted many days of cex graphs together for my blog (they only graph a few days at a time), omitting a boring flat few days, it's hilariously gratuitous.  I think my point here is made. So feel free to join cex.io and see if you can outdo me. If you fancy. Use my link, or don't. No pressure. Congrats Thom It's always nice to see someone else doing well. |
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You really are a pointless moron. I've been called worse. Now you think I am in a hole, digging my way out....again wrong. You clearly have nothing better to do in life than increasing your post count. I own a forum, elsewhere, unrelated to Bitcoin. If there's one thing that owning and running a forum has taught me, it's that stupid people are blissfully unaware of their own stupidity. The second thing it has taught me is that post count is a pretty meaningless metric. So no, I'm not interested in post count. This forum software doesn't even directly show post count -- all the better. I do, however, enjoy annoying the fuck out of idiots. I especially enjoy arguing dishonest people into the ground. I am not misleading at all. I have received NOTHING from the referral link...nor have I received anything from anybody else...Can you not understand this simple fact?  ? I have received nothing at all from anybody. That was almost an honest answer, in stark contrast to your previous attempts. But then I have to ask -- why have it in your sig? Why not just a straight link to cex.io, without the referral part? Surely if you like cex.io so much and just want to selflessly promote them, then the link in your signature shouldn't need the referral bit, right? Right? The question about spamming was actually directed at YOU, Yes YOU the one who claimed it was spamming. Then you have pretty shitty quoting habits. The quote above your reply was FalconFly's. Why do you troll these forums if you hate seeing every post containing a sig??? Well, at least I can enjoy some happiness knowing you dislike it so much. That's a stupid question. But I'll give you a stupid answer: For the same reason I drive on freeways that have billboards. Just because I don't like the constant and intrusive advertising doesn't mean that the freeway is entirely without value. I was simply correcting a misguided view about not being able to profit on cex, in the hope others would also benefit in the way I have. In reality I am glad stupid people like yourself will never use such services, I don't need the extra competition for the available profit. In your infinite wisdom, you have failed to notice that the profitable portion of cex.io is the day trading aspect, and that you necessarily need people stupider than you to buy your shares at inflated prices. No wait, strike that. You probably do realize this fundamental relationship between buying and selling, and are simply looking for more suckers to buy GHs shares from you at prices above what you paid for them. I'm here to make sure they know that assholes like you are dishonest predators looking to take money from the noobs. Dishonest? Predator? Don't make me laugh. Never have I been, nor will I be. These are traits which I despise in people. I would be more concerned about your intentions, never used cex yet know for a fact that you cannot make a profit? How? Sounds more like you are misleading people. You are the asshole, claiming you know about the profitability of cex, when myself and others who actually use the service actually do make a profit. This is not a lie, just truth. It is possible, and fairly easy, but obviously too difficult for a superior being such as yourself. You excel yourself further by claiming that this behaviour as dishonest and predatory, whilst you hold your btc and hope someone (who you refer to as a stupid noob or sucker) comes along and offers more money than it is currently worth. Trading in BTC or GH/s is basically the same, all profit is at someone else's expense. If you don't like it, you probably shouldn't bother with BTC either. Get off your fucking high horse, and grow the fuck up. |
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It tells you nothing of me, but more of your inability to read and comprehend. I think it's rad that when you're in a hole, you keep digging. Balls-out, man! Sure you don't 'accept' a referral. I was simply stating that I have not accepted any payment...or to put in a way so you might understand, I have not gained anything from the referral link. You're dodging the question. Again. The statement "I have not accepted any payment" is deliberately misleading and you fucking know it. Either you have received something in return for your referral link, or you haven't made any referrals. Which is it? This bit about "accepted" is just weasly. There is no "accept" in this context. Also, I have seen many better forum members than yourself supporting referral links in their sig. Are you really suggesting all such members are spammers? I realize this was probably directed at FalconFly, but I'll answer anyway. Yes, I think those members are spamming the forum. Your pointless arguments about a subject you clearly know nothing of just makes you look even more ridiculous. You keep saying that, presumably in some vain hope that if you repeat it enough times it will be true. It won't. You really are a pointless moron. Now you think I am in a hole, digging my way out....again wrong. You clearly have nothing better to do in life than increasing your post count. I am not misleading at all. I have received NOTHING from the referral link...nor have I received anything from anybody else...Can you not understand this simple fact? ? I have received nothing at all from anybody. The question about spamming was actually directed at YOU, Yes YOU the one who claimed it was spamming. Why do you troll these forums if you hate seeing every post containing a sig??? Well, at least I can enjoy some happiness knowing you dislike it so much. I was simply correcting a misguided view about not being able to profit on cex, in the hope others would also benefit in the way I have. In reality I am glad stupid people like yourself will never use such services, I don't need the extra competition for the available profit. |
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No, you clearly see a referral link in my sig, but I have never accepted any payment from it. Now that's actually a hilarious statement which tells alot about you. Everyone knows you don't "accept" that provision - you have no choice, this is a fully automated process once someone falls for it and actually makes a GHs purchase. And the only single reason for anyone to put on such a Referrer Lins as a Sig is to Spam the forum and hope for such harvest. Otherwise, why would you put it there? Cheap words you offer but your actions reveal your true motives, attempting to argue otherwise just makes you look even more ridiculous. PS. I see cex GHs price already fell below 0.027 BTC... *lol* Looks like my predictions came true in literally no time. Significant investment losses realized in less than 6 weeks - and this is just the start (in case anyone still thinks it's a good idea to mine with rented cex.io GHs). Proves once again cex.io cloud mining is a money-burning machine par excellence, that's something they're actually really really good at. It tells you nothing of me, but more of your inability to read and comprehend. Sure you don't 'accept' a referral. I was simply stating that I have not accepted any payment...or to put in a way so you might understand, I have not gained anything from the referral link. Yes, GH/s has dropped to 0.027 currently, money burning it must be, which is why I have more btc now than before the recent crash. I will continue to make money, by mining when the market is stable and holding btc when it is not. I don't have time to watch the markets all day, so trading is very limited. If in doubt I flip to btc. Also, I have seen many better forum members than yourself supporting referral links in their sig. Are you really suggesting all such members are spammers? Your pointless arguments about a subject you clearly know nothing of just makes you look even more ridiculous. PS: I see btc is also down |
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As I said before, I do not get paid by cex.io or anyone else.
So I'm imagining the referral link in your sig, then? Seems to me that you are in fact promoting their business and accepting payment for it. That's the textbook definition of "being paid", and that colors everything you say about cex.io. If you want to actually be seen as neutral, you can't accept money from them. No, you clearly see a referral link in my sig, but I have never accepted any payment from it. Once again you profess to know about things you have no information on. So, by not accepting any payment, I am in fact neutral about cex.io. Day trading is one thing, which I have attempted more recently as the cex markets have not been so good for mining. I started to learn it to increase the profit I was already making from mining. Again you will exclaim that it is not possible from just mining. A person who has no idea about cex, has not used cex, never would use cex. Yes there is some trading involved, it is a trading platform after all. But you CAN make a profit without much trading, just enough to sell when the price drops, and buy back at a lower cost. What you have in between is mining. Some honesty? I am trying to give you just that. You can make a profit with cex.io, but not if you just want to sit back and let the BTC roll in. It doesn't work that way. The GH/s prices tends downward, but the market price goes up as well as down. A little bit of intelligence and you can make a reasonable profit. Or you could hold your BTC in a wallet, and maybe sell for more than you paid...or maybe not. |
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Xandriel you wrote in this thread that you purchased GHs for 0.042, the price is now 0.026. Does not look like profit to me.
I did, but also sold them well before it dropped to 0.026. In fact I have bought and sold many times since then, and earned enough BTC to buy another miner for home. It has not all been profit, I am not such a good trader. Actually I am far too cautious so sometimes I make little losses, but overall I gain...otherwise I would not be doing it. |
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One thing I really love is the comparison that when you sell GH/s for more than you paid you make profit at the expense of, for a lack of a better term, stupid noobs but everything is fine when you sell your BTC for more than you paid. Trading is trading, be it GH/s, BTC, fiat, or whatever. The purchaser is almost always the loser in the deal, but people only pay what they believe it is worth. Every new car drops by 1/3 of the price the moment you purchase, yet people still buy them. Cex.io is not a normal mining platform, it is primarily a trading one. Do not expect to invest your bitcoin, sit back, and watch the money roll in. You will need to do some trading, if only to minimize your losses when the market drops as it has been in recent days. You can make a profit, but it is easier to make a loss. |
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