I was wondering, every Chinese exchange gets their bank acocunts closed, but BTC-China does not have that problem at all?  Wrong. Their deposit channels have gone from 4 options to 1 option. They simply don't like posting about it. I mention this because Bobby Lee keeps saying that it is just business as usual for BTC-China. So you think that they will get away with just creating ATMs? BTW that BS ATM of BTC-China can only be used to buy BTC and not withdraw, how awesome is that? Everything's been priced in already. While it's another banks ban, I wouldn't worry about today's news. I would worry if the must cancel bank transfers completely. Deposits/withdrawals still working all-around for now Long term it doesn't look good at all, but short-term it will stay stable around $450+ |
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Is this literally all you ever post? Three in 20 minutes seems a little desperate...
+1 This is old news. I'm quite surprised some people here didn't already expect this. Market will shrug this off in a day or two. +1. As long as there is a way to recharge in China, banks ban is already price in. However I do expect a all-around banks ban soon. |
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I was wondering, every Chinese exchange gets their bank acocunts closed, but BTC-China does not have that problem at all? Wrong. Their deposit channels have gone from 4 options to 1 option. They simply don't like posting about it. Again, banks ban is already priced in. Most exchanges are developing and investing in ATMs |
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So all the announcements today seem to be about this "Construction Bank of China". How about the others banks? These exchanges use multiple banks, do they not?
Most bank accounts have been closed already (April 14th). I think most are relying on China Merchants Bank now as their only recharge option |
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Western exchanges are coupled with the rates in China... so yes, you'll have to sell lower. Sorry
On a side note, I think they plan to introduce ATMs soon as another recharge channel. But soon they'll run out of options and will have to move offshore. I've been repeating this endlessly
We may hold over $500 for a couple hours, then I expect $470ish
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EDIT: While this post might seem bearish, I do NOT expect to see a huge dip (we've already dropped to 3070 CNY). Banks ban are already priced in to a great extent and all exchanges still have working deposits/withdrawals. Most are fully aware that the central bank plans to ban public/private accounts and does so step-by-step, so this shouldn't be news to most of you..OKCOINhttps://www.okcoin.com/t-1008417.htmlDear OKcoin users:
OKCoin Branch received a phone call to the Construction Bank: the higher authorities should be required, China Construction Bank accounts will be suspended for the OKCoin services. Subsequently, we conducted in-depth communication with the bank immediately after issuing this Announcement. Communication with the bank details are as follows:
1 Branch of the China Construction Bank to receive notice of the higher authorities, the suspension is OKCoin on the ground branch of service requirements on 4 April 18 afternoon 16 : 00 before off households.
2 This notice is oral notice, Branch not received any written document.
3 user banks Katy is not affected.
4 other banks recharge unaffected.
Details about the bank card recharge pause:
OKCoin be 4 months 18 am 10 : 00 officially stop the use of land branch of China Construction Bank account recharge, other banks temporarily affected, users mention now everything is normal, there is the latest news OKCoin will be the first Time release.
OKCoin as Bitcoin investor attention and trust of the professional trading platform, we have been proactive response program to prepare all kinds of emergencies, as far as possible to protect the interests of investors affected. We know that this notice is issued, the parties will have been severely criticized; But as a platform, we can only be impartial, timely and efficient. We all know that domestic policy adjustments Bitcoin market will certainly have an impact, but we also know that Bitcoin is a prairie in the world, and today we are "a bit of people." Currently emergency plan progress as follows:
1, OKCoin are communicating with more financial institutions, to build more recharge channels.
2, recharge code Bye recharge service agents will soon be published.
3, OKCoin overseas operations teams are helping to complete the construction technology overseas stations.
OKCoin together bits of marine launched "Bitcoin vending machines' upcoming production. CHINA BITCOINhttps://www.chbtc.com/news/show-526-proclamation With a very heavy heart that we publish the news, before continuing 415 14 Exchange of part or all of the bank is notified cancel the account after everyone including us great pleasure to think things over, but the 17 April 10 point, we formally received the Bank of China Beijing Branch Baijiazhuang branch off households notice, after our Beijing high-level verification, we carefully released this announcement. Update16:00, we received the Bank of China Beijing Branch Branch Baijiazhuang customer service phone again, the content is leading an urgent request for the cancellation of ten star treasure seize corporate accounts in their banks, a telephone recording .
HUOBIhttp://www.huobi.com/news/index.php?a=show_notice&id=324Notice of suspension of bank recharge fire coins network approach
Dear fire coins network users:
16:15 this afternoon received a branch of China Construction Bank on land client manager notification requirements should be higher line, CCB will suspend the provision of services for fire gold coins into the network. Due to the current banking policy uncertainties, we have decided to suspend the bank recharge this way (withdrawals are not affected), to be determined before making policy adjustments. Users can use the recharge card, prepaid card supports all major banks, 7 * 24 hours a timely arrival.
Fire coins Network Operations
2014.04.17
China Bitcoin's analysis: All aspects of analysis, the central bank to stop Bitcoin trading site bank account (for the public to the private) things should have someone or a group responsible for handling the intent is clear, determined and consistent execution, but the execution performance out of the way is low-key, step by step, so although we do not receive notice of other banks, but we do not have hope for the future to retain the private banking recharge, or use a small private bank account recharge, we will continue to do other accounts are cancel the account of the preparation.
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https://www.okcoin.com/t-1008417.htmlOKCoin will suspend construction of the bank card business and plans to suspend construction progress announcement OKCoin bank card business and plan progress Announcement Dear OKcoin users : This afternoon around 15:50 , OKCoin Branch received a phone call to the Construction Bank: the higher authorities should be required CCB will be suspended for the OKCoin provide services. Subsequently, we conducted in-depth communication with the bank immediately after issuing this Announcement . Communication with the bank details are as follows : (1) the branch of China Construction Bank to receive notice of the higher authorities , the suspension is OKCoin branch of service on the ground , requiring at 16:00 pm on April 18 off households. 2 This notice is oral notice , Branch not received any written document . 3 user banks Katy is not affected. 4 other banks recharge unaffected. Details about the bank card recharge pause : OKCoin be 10:00 am on April 18 officially stopped using the account recharge Branch of China Construction Bank to other banks temporarily affected, users mention now everything is normal , there will be the first news OKCoin time release. OKCoin as Bitcoin investor attention and trust of the professional trading platform, we have been proactive response program to prepare all kinds of emergencies , as far as possible to protect the interests of investors affected. We know that this notice is issued, the parties will have been severely criticized ; But as a platform , we can only be impartial , timely and efficient . We all know that domestic policy adjustments Bitcoin market will certainly have an impact , but we also know that Bitcoin is a prairie in the world , and today we are " a bit of people ." Currently emergency plan follows the progress : 1, OKCoin are communicating with more financial institutions , to build more recharge channels. 2 , recharge code Bye recharge service agents will soon be published . 3, OKCoin overseas operations teams are helping to complete the construction technology overseas stations. OKCoin together bits of marine launched " Bitcoin vending machines ' upcoming production . Dude I've told everyone that this shit was going to happen on April 18th. Huobi too. Nobody believed me. If you check my post history I've mentioned it at least 5-10 times |
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Gut feeling... we're heading down to the $400s
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And.. we're back to 1000 satoshi. Stubborn buyers!  Diff has dropped to 270, so def. a good time to test your ninja-renting skills. I'm out, have to get some sleep. Have fun guys (Do at your own risk!) Edit : Also, my calculations were made from the scryptominers statistic pool numbers. If you want a real profit calculation, then look at AVG blocks found per hour at scrypto pool (or any other pool), multiply by block reward, divide by total MH and multiply by your miners MH to get WC amount per hour |
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NP! Yes it works WC down to 750 700 600 satoshi. I would wait for a bigger drop, and then I'll probably buy from the exchange For the HTTP tool, you can use Fiddler2. It's usually what I use for most of my scripts (fiddlerscripts, etc) Thx, I just record http request like Post data Host: www.betarigs.comUser-Agent: Mozilla/5.0 (Macintosh; Intel Mac OS X 10.8; rv:28.0) Gecko/20100101 Firefox/28.0 Accept: text/html,application/xhtml+xml,application/xml;q=0.9,*/*;q=0.8 Accept-Language: en-US,en;q=0.5 Accept-Encoding: gzip, deflate Referer: https://www.betarigs.com/rig/1128Cookie: _xxxx Connection: keep-alive Content-Type: application/x-www-form-urlencoded Content-Length: 96 form[nb_days]=3&form[Rent]=&form[_token]=xxx for sure some fuckers are doing this already because these are sniped too quickly, and I don't know meaning of 'few moments' some are stuck like this for 5+min it seems (I'm waiting for 4 this past 5 minutes stuck in this stage), whilst others only stay on that status for perhaps 45 seconds.. Yes. Some will be stuck on "Few moments" if the renter is not pointing the rig to a pool (probably pointing it to a random address like http://www.a.com), then it glitches. This is a betarigs bug It's smart to do this if you want to re-rent it I guess! Make it stuck on "few moments" and once you're ready, point it to a real pool and execute the script... (lol. I don't know if people really do this) |
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NP! Yes it works WC down to 750 700 600 satoshi. I would wait for a bigger drop, and then I'll probably buy from the exchange For the HTTP tool, you can use Fiddler2. It's usually what I use for most of my scripts (fiddlerscripts, etc) |
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Thanks. the previois one never actually turned green to allow buy (Was refreshing every 300ms from the 'few moments' prompt) how does their system work exactly? must be the previous buyer gets a choice to re-rent right? Nope. The previous buyer can't re-rent. You just have to be really fast! Maybe I need to use the Fibre optic cable to betarig host location, shave few ms of like these High frequency guys  One way to do it (hackish way) is to record the HTTP request when you rent any random rig. Then resend the HTTP POST request with the different parameters (rent time, rig ID) on desire rig when rent is over well timer up on next one, was on 'few moments stage' Now I see this: Error 429 Access delayed Access delayed Guru Meditation: XID: 761657314 Varnish cache server You refreshed too many times  Server DDOS protection mechanism. Wait 30 seconds and refresh again You probably missed this one.. still 50mh/s available in the next 2 hours if you time it right. I don't know if we'll sustain the 1000 satoshi rate for now. (It dropped to 880) Diff has lowered to 250, so about 300 satoshi/WC for miners Still an easy profit though. (if not now, then in the very near future) WC is not the only coin with this profit glitch. Often with overpriced coins you'll be able to make a quick profit using Betarigs. Speaking from experience, I did the same with BC and made over 2 BTC in PoW phase |
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Thanks. the previois one never actually turned green to allow buy (Was refreshing every 300ms from the 'few moments' prompt) how does their system work exactly? must be the previous buyer gets a choice to re-rent right? Nope. The previous buyer can't re-rent. You just have to be really fast! Maybe I need to use the Fibre optic cable to betarig host location, shave few ms of like these High frequency guys One way to do it (hackish way) is to record the HTTP request when you rent any random rig. Then resend the HTTP POST request with the different parameters (rent time, rig ID) on desire rig when rent is over Nobody does this though. I'm probably the only one to do it when I really need a rig |
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Thanks. the previois one never actually turned green to allow buy (Was refreshing every 300ms from the 'few moments' prompt) how does their system work exactly? must be the previous buyer gets a choice to re-rent right? Nope. The previous buyer can't re-rent. You just have to be really fast! Notice how the rate is falling on Poloniex. 1100 was unsustainable. I have to go sleep. It's 1 am here (Still mad profitable though) |
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Look at beta rigs available prices is not THAT profitable to rent at those current prices. And with some rigs it will cost you more to mine than to buy at a exchange.
Just grab the next 50mh/s at 0.0079BTC in less than 15 minutes and you'll make 200% profit easy. 1BTC profit in less than a day or even more if rate climbs! https://www.betarigs.com/rig/3062Edit: at least 100mh/s+ available in the next 2 hours under 0.008BTC And why don't you rent them all and make hundreds at those prices? My BTCs are locked in a margin short on Bitfinex. I would def. do it though. 100% honest. I'm only pointing out that 1000 satoshi, for now, is an overpriced buying rate. |
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Look at beta rigs available prices is not THAT profitable to rent at those current prices. And with some rigs it will cost you more to mine than to buy at a exchange.
Just grab the next 50mh/s at 0.0079BTC in less than 15 minutes and you'll make 200% profit easy. 1BTC profit in less than a day or even more if rate climbs! https://www.betarigs.com/rig/3062Edit: at least 100mh/s+ available in the next 2 hours under 0.008BTC |
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Cheapest farm on betarigs is currently 0.0159 BTC per mh/s. Your maths is so far off its not funny.
Next 25Mh/s farm at 0.0054BTC/mh/s available in less than two hours. Two 6mh/s farms at 0.006BTC available in less than half a hour 19mh/s farm at 0.0074... in less than two hours.. etc. |
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