Bitcoin Forum
December 02, 2016, 08:29:30 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin Monitor 45K recurring transaction  (Read 3573 times)
andes
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 25, 2011, 04:56:06 PM
 #1

Does someone have a decent hypothesis for a 45k transaction reccurently showing up in BTC monitor in the last 2 hours? Seems the same transaction slowly going down in price Shocked)

Any ideas / guesses?

1480710570
Hero Member
*
Offline Offline

Posts: 1480710570

View Profile Personal Message (Offline)

Ignore
1480710570
Reply with quote  #2

1480710570
Report to moderator
1480710570
Hero Member
*
Offline Offline

Posts: 1480710570

View Profile Personal Message (Offline)

Ignore
1480710570
Reply with quote  #2

1480710570
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
DamienBlack
Jr. Member
*
Offline Offline

Activity: 56


View Profile
June 25, 2011, 04:58:23 PM
 #2

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
Tips: 1NfXhiTFEdKQTdLy49s6DYAP1K7MeFWyao
andes
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 25, 2011, 04:59:28 PM
 #3

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.
Could be that, because the amount has been going down in time, but with some ups in the middle.
fitty
Full Member
***
Offline Offline

Activity: 238


View Profile
June 25, 2011, 05:00:37 PM
 #4

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.

If you were paying out that's probably the way to do it. It appeared when MtGox went live and people started cashing out so it makes sense.
fitty
Full Member
***
Offline Offline

Activity: 238


View Profile
June 25, 2011, 05:01:10 PM
 #5

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.
Could be that, because the amount has been going down in time, but with some ups in the middle.

Isn't that just more people cashing out and MtGox sending it?
andes
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 25, 2011, 05:02:36 PM
 #6

Anyway I find it strange to see many 100+ btc transaccion fees!
relative
Jr. Member
*
Offline Offline

Activity: 56


View Profile
June 25, 2011, 05:03:22 PM
 #7

yesn  it's probably MtGox sending 100 to a customer and (40k - 100) to themselves.
it's not transaction fees.
DamienBlack
Jr. Member
*
Offline Offline

Activity: 56


View Profile
June 25, 2011, 05:04:00 PM
 #8

200 btc transaction fees? Are you sure you are reading it right?

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
Tips: 1NfXhiTFEdKQTdLy49s6DYAP1K7MeFWyao
andes
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 25, 2011, 05:05:02 PM
 #9

200 btc transaction fees? Are you sure you are reading it right?
Not sure, its the number in parenthesis (). I thought it were transaction fees, i think I am wrong.
zef
Member
**
Offline Offline

Activity: 90


View Profile
June 25, 2011, 05:05:34 PM
 #10

I dont think those are fees.  It looks like about 5k coins have been withdrawn so far.
andes
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 25, 2011, 05:11:43 PM
 #11

Bitcoin Monitor shows every transacion in this format:

Transfer of 2200 BTC (1900 BTC + 300 BTC)

I now think it means Total transaction (Change + Payment). Can anyone confirm?

Thanks.
relative
Jr. Member
*
Offline Offline

Activity: 56


View Profile
June 25, 2011, 05:16:09 PM
 #12

payment and change are interchangeable, they are both outputs of the transaction. no one knows which one is which.
but in this case you are most likely right.
andes
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 25, 2011, 05:20:56 PM
 #13

payment and change are interchangeable, they are both outputs of the transaction. no one knows which one is which.
but in this case you are most likely right.
Thanks, you are right. I cheked up the bitcoin wiki, and it is exactly what you say. Every output must come from a complete input, so if your output is smaller than the past input, you have to make two outputs, one to the recipient, and one to yourself, called change.
spruce
Full Member
***
Offline Offline

Activity: 140


View Profile
June 25, 2011, 05:21:48 PM
 #14

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.
Could be that, because the amount has been going down in time, but with some ups in the middle.

Isn't that just more people cashing out and MtGox sending it?

It looks like it. But my MtGox withdrawal a couple of blocks ago came from three smaller accounts, and not this 45k one.

andes
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 25, 2011, 05:23:31 PM
 #15

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.
Could be that, because the amount has been going down in time, but with some ups in the middle.

Isn't that just more people cashing out and MtGox sending it?

It looks like it. But my MtGox withdrawal a couple of blocks ago came from three smaller accounts, and not this 45k one.
Coud it be Tradehills wallet then?
andes
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 25, 2011, 05:29:30 PM
 #16

Could the 45k be the money mt gox has for withdrawls, and what you see on the monitor is the "change" being returned.

I don't really know how the whole "change" system works. Seems odd to me. If my hypothesis is right, that is how much btc mt gox has on their online server to pay people. They have more offline and secure.
Could be that, because the amount has been going down in time, but with some ups in the middle.

Isn't that just more people cashing out and MtGox sending it?

It looks like it. But my MtGox withdrawal a couple of blocks ago came from three smaller accounts, and not this 45k one.
I think I got it. This has nothing to do with accounts / wallets, but just with transactions (inputs and outputs). So that 45K is simply a big transaction going back and forth probably in MTGox wallet. Of course MTGox addresses have other (smaller) inputs too, which it can use to pay to you or anyone else. What we see in BTC monitor are not wallets or addresses but simply transactions (inputs and outputs).
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!