[OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading

[S3052]

TH1BTC is getting more an more interesting

what is actually TH1BTC?

[001sonkit]

1TH of hashing power (in a 3500TH pool with 3% fee) that expires at 15 December, the contract includes maintenance fee

[nycgoat]

TH1BTC is getting more an more interesting

BFL was shut down last week.  I would assume they had 1) a large self mining operation and 2) their hosted mining operation, which were both probably shut down during the raid.  I believe this has led to the drop in the overall hash rate, and that we might actually see our first negative difficulty adjustment in a long time.

[001sonkit]

TH1BTC is getting more an more interesting

BFL was shut down last week.  I would assume they had 1) a large self mining operation and 2) their hosted mining operation, which were both probably shut down during the raid.  I believe this has led to the drop in the overall hash rate, and that we might actually see our first negative difficulty adjustment in a long time.

Still, with estimation of average 9% increase over every difficulty increase and a 20% decrease next adjustment (thats very conservative number, buttf__king labs machines surely doesnt contribute 20% of the network), it would not be reasonable to buy any hashes. (you would earn 1.104 from hashing and 0.09 from interest assuming 0.25% rate)

Let's see how irrational it could go... lol just like on CEXIO

[nycgoat]

Let's see how irrational it could go... lol just like on CEXIO

Exactly, everyone uses different pricing models which allow them to create their own individual valuation of the security.  I still don't believe that the market has agreed on the pricing for this asset yet.  Although it is a depleting asset (which, according to the issuer, should result in a price of 0 upon expiration in December), any amount of hash power which is backed by the security still has value at the time of expiration.  With the value of the underlying asset not diminishing to 0, but the value of the asset "diminishing" to 0, is the current value of the share a) the amount of btc that each share will mine between now and expiration or b) the amount of btc that the asset will generate over it's entire lifetime with a theta burn similar to what is experienced in options (this would be with a Dec expiration)?

[nycgoat]

TH1BTC is getting more an more interesting

BFL was shut down last week.  I would assume they had 1) a large self mining operation and 2) their hosted mining operation, which were both probably shut down during the raid.  I believe this has led to the drop in the overall hash rate, and that we might actually see our first negative difficulty adjustment in a long time.

Still, with estimation of average 9% increase over every difficulty increase and a 20% decrease next adjustment (thats very conservative number, buttf__king labs machines surely doesnt contribute 20% of the network), it would not be reasonable to buy any hashes. (you would earn 1.104 from hashing and 0.09 from interest assuming 0.25% rate)

Let's see how irrational it could go... lol just like on CEXIO

And as an FYI, I do agree with your math and statements.  I have been following difficulty derivatives for quite a while now, and always see the securities being traded as being overvalued.  This is one time where I think it is worth taking a closer look though, as we might be in a unique situation where the market is under valuing this security for the time being, and I do feel that there are unanswered questions regarding how the properly generate an accurate pricing estimate.

[BlackMarket]

hi, do you offer demo account for margin trade ?

[BitBits]

hi, do you offer demo account for margin trade ?

No they don't, but you will pay just a few cents to learn in real trading environment if you play with some $3-$5 to test features.
You can place orders of as little as 0.001 BTC.

P.S. Gee, that recent downtrend bit me big time

[S3052]

1TH of hashing power (in a 3500TH pool with 3% fee) that expires at 15 December, the contract includes maintenance fee

thanks

[dimarikson]

Why none of the emails is not responding?

For Support
support@bitfinex.com

For Suggestions
feedback@bitfinex.com

For Compliance
compliance@bitfinex.com

For Business
info@bitfinex.com

-- Dmitry

[BlackMarket]

i can't see leverage here. only 1:1

[BitBits]

i can't see leverage here. only 1:1

Change your account type to "Trader" from within your account options.


Could BFX team please check if there are any issues with order placements. I just had series of orders executed via what looks like market orders, which I never do (I always use limit orders and did so this time). This resulted in much higher fees for me and wrong price. I've also had that popup window coming up as I was placing orders, mentioning that my order is "above available price", which I double checked and it was not. I was only able to discover that orders were executed at the wrong price, by looking at the history of latest trades.

[BlackMarket]

i can't see leverage here. only 1:1

Change your account type to "Trader" from within your account options.


Could BFX team please check if there are any issues with order placements. I just had series of orders executed via what looks like market orders, which I never do (I always use limit orders). This resulted in much higher fees for me and wrong price. I've also had that popup window coming up as I was placing orders, mentioning that my order is "above available price", which I double checked and it was not. I was only able to discover that orders were executed at the wrong price, bu looking at the history of latest trades.

very confusing, MT4 better than this

[Gimmelfarb]

anybody else get momentarily "logged in" to someone else's account? my name changed on my account for a few minutes, but when i refreshed it went back. my details never seemed to change. but this is very worrisome.

[MAbtc]

anybody else get momentarily "logged in" to someone else's account? my name changed on my account for a few minutes, but when i refreshed it went back. my details never seemed to change. but this is very worrisome.

Yes, there is a bunch of talk on Tradingview about this. I personally was shown the username of another user, and for a moment, their balance, when clicking on the Order Book button. When going back to the exchange/margin trading pages, my name seems to return to normal. Many reports of this.

To recreate the bug: have your BFX account open in one tab, then open the full Order Book in a new tab.

Please respond ASAP, BFX management.

[yomofo]

after logging in and clicking on the 'order book' button i get someone else's username flashing and i see their balance and account info.  i hit refresh and i get another different username's info flashing.

this needs to be fixed.  so far im unable to trade the user's account, after the flash, it shows my own account balance.

[MelMan2002]

anybody else get momentarily "logged in" to someone else's account? my name changed on my account for a few minutes, but when i refreshed it went back. my details never seemed to change. but this is very worrisome.

Yes, there is a bunch of talk on Tradingview about this. I personally was shown the username of another user, and for a moment, their balance, when clicking on the Order Book button. When going back to the exchange/margin trading pages, my name seems to return to normal. Many reports of this.

To recreate the bug: have your BFX account open in one tab, then open the full Order Book in a new tab.

Please respond ASAP, BFX management.

I can confirm the bug although I can't seem to recreate it consistently...

[pitchbend]

Some reports say the bug is a read only cache leak related to the CDN they use to serve your region, and that the other accounts you see when the bug is triggered are from people using your same CDN server (same region). Still no official confirmation/response.

Rafael or the new PR guy you should haul ass over here ASAP to tell us what the fuck is going on.

[unclescrooge]

Some reports say the bug is a read only cache leak related to the CDN they use to serve your region, and that the other accounts you see when the bug is triggered are from people using your same CDN server (same region). Still no official confirmation/response.

Hello,

This is correct. The cache has now been totally deactivated and you should not get the wrong balances displayed on this page.

We will monitor the situation closely but no account could be compromised because of this.

Please accept our sincere apologies for the inconvenience.

Have a good day
Raphael

[freakbits]

Hi, I'm new to finex and there's something I don't understand: When lending swaps and I take the risk of making it 30 days so I can't access my money for 30 days then the other party can still cancel that swap after just a day or even an hour if he likes to?? Where's the point. If someone takes my loan for 30 days then I expect the full 30d to be covered with interest or at least him paying a fee if he returns it earlier. Why should I take a risk for nothing?? And it's really annoying to have to check all your swaps every hours because of this! flash return rate autorenew is useless because frr is usually too high and has several lower-priced offers that get taken instead, so my money would be idle for 1/3 the time or even worse if I used frr. How do you fellow lenders handle this problem?