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ThickAsThieves
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July 23, 2013, 04:06:41 PM |
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anyone else having an issue with BTCT rounding your orders?
I just tried to put in a buy order for 4.6701, at instead, it rounded to 4.67 and place my buy order there.
Only 4 significant digits are allowed now. Update was rolled out last night. |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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velacreations (OP)
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July 23, 2013, 04:15:29 PM |
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anyone else having an issue with BTCT rounding your orders?
I just tried to put in a buy order for 4.6701, at instead, it rounded to 4.67 and place my buy order there.
Only 4 significant digits are allowed now. Update was rolled out last night. oh, that sucks. |
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Birdy
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July 23, 2013, 04:21:46 PM |
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anyone else having an issue with BTCT rounding your orders?
I just tried to put in a buy order for 4.6701, at instead, it rounded to 4.67 and place my buy order there.
Only 4 significant digits are allowed now. Update was rolled out last night. oh, that sucks. Yes, now people have to readjust their bots to place the bids 0.001 higher instead of 0.00001 - the tragedy  |
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TheFuneral
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July 23, 2013, 04:24:28 PM |
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AM used to hold 35-40/45 % of the network.
Er... no. There are only a few days where AM went above 30% and it has NEVER held 40% or 45%. The all-time average is 20%. That only helps prove my point so sure. Amazing cognitive dissonance right here. Maybe you're more of a chart person. http://runeks.dk/bitcoin/#week |
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velacreations (OP)
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July 23, 2013, 04:40:30 PM |
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Yes, now people have to readjust their bots to place the bids 0.001 higher instead of 0.00001 - the tragedy well, for those of us without bots, it sucks to not be able to compete with legacy buy orders from the bots. |
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ewibit
Legendary
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Activity: 2955
Merit: 1049
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July 23, 2013, 04:48:16 PM |
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Yes, now people have to readjust their bots to place the bids 0.001 higher instead of 0.00001 - the tragedy are there bots for btct or bitfunder available? |
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empoweoqwj
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July 23, 2013, 05:23:14 PM |
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Yes, now people have to readjust their bots to place the bids 0.001 higher instead of 0.00001 - the tragedy are there bots for btct or bitfunder available? are you that lazy you need a bot for systems that trade a few dozen shares a day? Give me a break. |
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Birdy
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July 23, 2013, 05:28:53 PM |
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Yes, now people have to readjust their bots to place the bids 0.001 higher instead of 0.00001 - the tragedy well, for those of us without bots, it sucks to not be able to compete with legacy buy orders from the bots. That was exactly what I was hinting at xD The very low numbers were only favourable for botuser. |
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velacreations (OP)
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July 23, 2013, 07:08:11 PM |
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it doesn't affect my valuation of AM in the slightest. I know some people were really looking forward to this and have been asking for a while, but it doesn't mean much to me. It is nice to see how much income we've generated with sales, but other than that, I don't see this as a major benefit to the share value. Still, I think there is some demand out there, especially for tomorrow's dividend and upcoming blade sales. So, I think the price will gradually move towards 4.9-5 over the next week. |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 23, 2013, 09:25:44 PM |
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Great power emanates from Friedcat as such I am satisfied  |
Believing in Bitcoins and it's ability to change the world
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CMMPro
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July 23, 2013, 10:59:47 PM |
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Well, the plan about renting the hashrate has quite wide consequences...
Considering that AM doesn't want to go over 10-20% of the network, in this way they can actually continue to build miners and by renting them effectively have more power on the network than by selling their equipment.
Yes, for sure. It is a creative way to lift that 51% glass ceiling. They still make money from the miners, but they aren't in direct control of the miners so a 51% threat can't occur. This way he could technically "rent out" more than 51% to external customers. Essentially he figured out a way to unleash the extra hash power he has been holding back as soon as it can be rented out wihout waiting for the rest of the network to balance his hashing power to a non-threatening level. This is very positive for shareholders and future profits. |
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neilol
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July 23, 2013, 11:09:34 PM |
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Well, the plan about renting the hashrate has quite wide consequences...
Considering that AM doesn't want to go over 10-20% of the network, in this way they can actually continue to build miners and by renting them effectively have more power on the network than by selling their equipment.
Yes, for sure. It is a creative way to lift that 51% glass ceiling. They still make money from the miners, but they aren't in direct control of the miners so a 51% threat can't occur. This way he could technically "rent out" more than 51% to external customers. Essentially he figured out a way to unleash the extra hash power he has been holding back as soon as it can be rented out wihout waiting for the rest of the network to balance his hashing power to a non-threatening level. This is very positive for shareholders and future profits. Surprised we aren't seeing increased volume after this news |
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mechs
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July 23, 2013, 11:16:08 PM |
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Well, the plan about renting the hashrate has quite wide consequences...
Considering that AM doesn't want to go over 10-20% of the network, in this way they can actually continue to build miners and by renting them effectively have more power on the network than by selling their equipment.
Yes, for sure. It is a creative way to lift that 51% glass ceiling. They still make money from the miners, but they aren't in direct control of the miners so a 51% threat can't occur. This way he could technically "rent out" more than 51% to external customers. Essentially he figured out a way to unleash the extra hash power he has been holding back as soon as it can be rented out wihout waiting for the rest of the network to balance his hashing power to a non-threatening level. This is very positive for shareholders and future profits. Surprised we aren't seeing increased volume after this news Expectations were already high and this only met them, did not exceed them. The problem with always beating expectations consistently, is when you just meet them, it is a disappointment. Same problem Apple has. I would call it a high quality problem to have. |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 24, 2013, 12:21:25 AM |
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True it is an ever raising bar but nonetheless the solution to the problem remains impressive
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Believing in Bitcoins and it's ability to change the world
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CMMPro
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July 24, 2013, 12:26:57 AM |
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It doesn't matter much to me that no one is jumping on this...I can see the potential new income stream.
Plus, if he has the hardware to do this now, he can push out more hashing power before the other vendors by a month or two.
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Rival
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July 24, 2013, 02:17:39 AM |
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"Buy the rumor and sell the news" has been an axiom for decades.
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empoweoqwj
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July 24, 2013, 02:21:06 AM |
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On the positive side, the new "franchising" plan indicates FriedCat believes AM can keep their market share over the next 12 months, AND can produce extra hashpower to sell. This is very good news. This wider distribution of AM's hashing power reduces some of the risk and stresses associated with running one centralized hashing farm.. On the downside, we are currently down at 18TH/s. That really sucks! Sure its temporary  |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 24, 2013, 02:41:54 AM |
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On the positive side, the new "franchising" plan indicates FriedCat believes AM can keep their market share over the next 12 months, AND can produce extra hashpower to sell. This is very good news. This wider distribution of AM's hashing power reduces some of the risk and stresses associated with running one centralized hashing farm.. On the downside, we are currently down at 18TH/s. That really sucks! Sure its temporary I agree will be interesting to see how the Franchising Plan will affect revenues as well. Mining Selling Blades/Sticks and Later Franchising Revenue |
Believing in Bitcoins and it's ability to change the world
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mechs
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July 24, 2013, 02:42:47 AM |
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On the positive side, the new "franchising" plan indicates FriedCat believes AM can keep their market share over the next 12 months, AND can produce extra hashpower to sell. This is very good news. This wider distribution of AM's hashing power reduces some of the risk and stresses associated with running one centralized hashing farm.. On the downside, we are currently down at 18TH/s. That really sucks! Sure its temporary I agree will be interesting to see how the Franchising Plan will affect revenues as well. Mining Selling Blades/Sticks and Later Franchising Revenue I do not understand the leasing - unless we get close to 50% of total hashrate, no reason for it. |
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