ASICMINER Speculation Thread

[freedomno1]

[1713969746]

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[1713969746]

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[1713969746]

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[1713969746]

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[1713969746]

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[bitfair]

Could it be someone is selling in order to have cash on hand to buy back cheaper during the expected "n00b drop" on Wednesday?

[freedomno1]

Could it be someone is selling in order to have cash on hand to buy back cheaper during the expected "n00b drop" on Wednesday?

Perhaps I just saw a bear on this page and had to toss it back  

[notme]

Could it be someone is selling in order to have cash on hand to buy back cheaper during the expected "n00b drop" on Wednesday?

Perhaps I just saw a bear on this page so had to toss it back 

You'd better get on the market if you want to toss a bear.

[freedomno1]

Could it be someone is selling in order to have cash on hand to buy back cheaper during the expected "n00b drop" on Wednesday?

Perhaps I just saw a bear on this page so had to toss it back  

You'd better get on the market if you want to toss a bear.

Later after Wednesday's noob drop, markets did adjust a bit for lower expected news
Also it was notme that brought a bear into the room whistles innocently
I just sent it back to it's natural habitat  

PS: Someone knew the reference + 1 

[notme]

There seems to be a bull on havelock and a bear on btct.co... we'll see who wins.

[freedomno1]

There seems to be a bull on havelock and a bear on btct.co... we'll see who wins.

Well given the exchange differences would say
Bitfunder and Hav are market rate
btct.co Undervalue
But we will see

Also thanks helped clear my wall a bit goes to do some btct arbitrage if that stays there  guess I will toss a bit eat some bears up
After 3 confirms hehe
Now I do feel like I'm in the speculator thread xd
Scared nothings between 0.3 and 0.31 lol

[notme]

There seems to be a bull on havelock and a bear on btct.co... we'll see who wins.

Well given the exchange differences would say
Bitfunder and Hav are market rate
btct.co Undervalue
But we will see

Also thanks helped clear my wall a bit goes to do some btct arbitrage if that stays there  guess I will toss a bit eat some bears up
After 3 confirms hehe
Now I do feel like I'm in the speculator thread xd
Scared nothings between 0.3 and 0.31 lol

Need more arbitrage!

Standing Bids on Havelock:
2013-06-18 01:23:42 171/171   ฿0.02999001   ฿5.1283
2013-06-18 01:19:47 3/3   ฿0.02998001   ฿0.0899
2013-06-18 00:43:10 210/220   ฿0.02997000   ฿6.2937
2013-06-18 00:47:29 70/70   ฿0.02950000   ฿2.0650
2013-06-18 00:49:28 10/10   ฿0.02910010   ฿0.2910
2013-06-18 00:48:50 1089/1089   ฿0.02910000   ฿31.6899
2013-06-18 00:17:55 19/19   ฿0.02900100   ฿0.5510
2013-06-18 01:20:10 5/5   ฿0.02853702   ฿0.1427
2013-06-18 00:47:06 1750/1750   ฿0.02853701   ฿49.9398

Standing Asks on btct.co:
1   ฿ 2.82
1   ฿ 2.8299
1   ฿ 2.83
1   ฿ 2.839999
2   ฿ 2.84
1   ฿ 2.842
1   ฿ 2.843
2   ฿ 2.844
1   ฿ 2.848
1   ฿ 2.849
1   ฿ 2.85
2   ฿ 2.866
1   ฿ 2.8661
1   ฿ 2.8666
1   ฿ 2.867
5   ฿ 2.86999
2   ฿ 2.87
1   ฿ 2.9
10   ฿ 2.901
42   ฿ 2.909
10   ฿ 2.91
3   ฿ 2.911
3   ฿ 2.914
3   ฿ 2.916
1   ฿ 2.917
1   ฿ 2.918
1   ฿ 2.92
3   ฿ 2.93
1   ฿ 2.935
2   ฿ 2.937
19   ฿ 2.939
3   ฿ 2.9475
1   ฿ 2.9478
10   ฿ 2.949
50   ฿ 2.949999
11   ฿ 2.95
15   ฿ 2.9589
100   ฿ 2.959
1   ฿ 2.98

[freedomno1]

There seems to be a bull on havelock and a bear on btct.co... we'll see who wins.

Well given the exchange differences would say
Bitfunder and Hav are market rate
btct.co Undervalue
But we will see

Also thanks helped clear my wall a bit goes to do some btct arbitrage if that stays there  guess I will toss a bit eat some bears up
After 3 confirms hehe
Now I do feel like I'm in the speculator thread xd
Scared nothings between 0.3 and 0.31 lol

Need more arbitrage!

Need to compare the 1/100's
Wholes are less liquid

That said prices are a bit interesting
Auctions are at 3
https://bitcointalk.org/index.php?topic=236678.0;topicseen
https://bitcointalk.org/index.php?topic=235641.0
Havelock seems to be at 3 (2.9)
Bitfunder at 2.9
Btct at 2.8-2.9
I give to much intel hehe

[tkone]

There seems to be a bull on havelock and a bear on btct.co... we'll see who wins.

Well given the exchange differences would say
Bitfunder and Hav are market rate
btct.co Undervalue
But we will see

Also thanks helped clear my wall a bit goes to do some btct arbitrage if that stays there  guess I will toss a bit eat some bears up
After 3 confirms hehe
Now I do feel like I'm in the speculator thread xd
Scared nothings between 0.3 and 0.31 lol

Need more arbitrage!

Need to compare the 1/100's
Wholes are less liquid

That said prices are a bit interesting
Auctions are at 3
https://bitcointalk.org/index.php?topic=236678.0;topicseen
https://bitcointalk.org/index.php?topic=235641.0
Havelock seems to be at 3 (2.9)
Bitfunder at 2.9
Btct at 2.8-2.9
I give to much intel hehe

any idea which way the market is going? lol

[freedomno1]

There seems to be a bull on havelock and a bear on btct.co... we'll see who wins.

Well given the exchange differences would say
Bitfunder and Hav are market rate
btct.co Undervalue
But we will see

Also thanks helped clear my wall a bit goes to do some btct arbitrage if that stays there  guess I will toss a bit eat some bears up
After 3 confirms hehe
Now I do feel like I'm in the speculator thread xd
Scared nothings between 0.3 and 0.31 lol

Need more arbitrage!

Need to compare the 1/100's
Wholes are less liquid

That said prices are a bit interesting
Auctions are at 3
https://bitcointalk.org/index.php?topic=236678.0;topicseen
https://bitcointalk.org/index.php?topic=235641.0
Havelock seems to be at 3 (2.9)
Bitfunder at 2.9
Btct at 2.8-2.9
I give to much intel hehe

any idea which way the market is going? lol

Whistles I know nothing! XD
http://www.youtube.com/watch?v=UmzsWxPLIOo (secret bear reference lol)
https://bitcointalk.org/index.php?topic=63785.msg2446061#msg2446061

[velacreations]

While I appreciate the optimism here, I can't help but be suspicious at the current prices when the demand is so thin.

Of course, today is Tuesday, so the price will probably rise a bit, and stay around 2.9.

I am eager to see what it does after the dividend announcement tomorrow.

meanwhile, hashrate is dropping like a stone.    We haven't been this low since the beginning of June.

[Luckybit]

Max Block Size and the limit on the amount of transactions per second means it cannot go over $500 unless this is fixed.

You have clearly no clue what you are talking about.

Actually I do and there are discussions about this in other threads. Search the forum and see for yourself.

[ianp]

Actually I do and there are discussions about this in other threads. Search the forum and see for yourself.

This is the most terrible response that anyone could post.

I hate googling for something and clicking a link to a post that says "OMFG SEARCH NOOB".. hah

Can you provide a link? I do not see a correlation between BTC to USD & Max Block size.

Thanks.

[Luckybit]

Actually I do and there are discussions about this in other threads. Search the forum and see for yourself.

This is the most terrible response that anyone could post.

I hate googling for something and clicking a link to a post that says "OMFG SEARCH NOOB".. hah

Can you provide a link? I do not see a correlation between BTC to USD & Max Block size.

Thanks.

Here is the link: https://bitcointalk.org/index.php?topic=210298.msg2220582#msg2220582

And there are other more technical threads with the same debate and more math involved but generally speaking if Max Block Size is not increased then transactions per second cannot increase and how are you going to have Bitcoin reach $1000 a Bitcoin and surpass Paypal or Visa / Mastercard when there are these sorts of caps? It's basically the same stupid problem Mt Gox has with it's limit on transactions per second.

[ianp]

Here is the link: https://bitcointalk.org/index.php?topic=210298.msg2220582#msg2220582

And there are other more technical threads with the same debate and more math involved but generally speaking if Max Block Size is not increased then transactions per second cannot increase and how are you going to have Bitcoin reach $1000 a Bitcoin and surpass Paypal or Visa / Mastercard when there are these sorts of caps? It's basically the same stupid problem Mt Gox has with it's limit on transactions per second.

Thanks.

I'm wondering if blocks are even getting close to the max block size? A quick search didn't reveal anything even close.

What are the max transactions per second?

[twentyseventy]

Here is the link: https://bitcointalk.org/index.php?topic=210298.msg2220582#msg2220582

And there are other more technical threads with the same debate and more math involved but generally speaking if Max Block Size is not increased then transactions per second cannot increase and how are you going to have Bitcoin reach $1000 a Bitcoin and surpass Paypal or Visa / Mastercard when there are these sorts of caps? It's basically the same stupid problem Mt Gox has with it's limit on transactions per second.

Thanks.

I'm wondering if blocks are even getting close to the max block size? A quick search didn't reveal anything even close.

What is the max transactions per second?

I've got no horse in this race, but I believe BTC's max is currently 7 T/S

[ianp]

I've got no horse in this race, but I believe BTC's max is currently 7 T/S

Follow-up question -- why is there a 7 transaction/s limit?

[Jere.Jones]

Here's my math:

Max block size is 1 meg.
Minimum transaction size is 154 bytes (1 input, 1 output)
Block frequency is ideally 1 every 600 seconds.

1meg / 154 / 600 = about 11 transactions per second.

11 transactions/sec * 86400 sec/day = 935k transactions/day max.

That's the absolute ideal, however, the average transaction size over the last 1000 blocks is 460 bytes (retrieved from here: http://blockexplorer.com/q/avgtxsize)
Using that size we get 4 transactions/sec and 310k transactions/day.

[nimda]

I've got no horse in this race, but I believe BTC's max is currently 7 T/S

Follow-up question -- why is there a 7 transaction/s limit?

10min blocks* -> 6 blocks / hour
(6 blocks / hour)(1 hour / 3600 seconds) = 0.0016667 blocks / second

Max block size = 1 MB
(0.0016667 blocks / second)(1 MB / block) = 0.0016667 MB/s
(0.0016667 MB / second)(1,000,000 bytes / 1MB) = 1666.7 bytes / second

According to dooglus, there are (in*148 + out*34 + 10 plus or minus 'in') bytes in a transaction. This equals a minimum tx size of 180 bytes, and a 1-input 2-output minimum size of 225 bytes. Example.

(1666.7 bytes / second)(1 tx / 180 bytes) = 9.26 tx/s
(1666.7 bytes / second)(1 tx / 225 bytes) = 7.41 tx/s
Most transactions are bigger, so these are high estimates.

*Note that an ever-increasing hashrate (like the current scenario) means blocks are generated faster, on average, than once every 10 minutes, and a decreasing network hashrate would slow block creation. This is due to the fact that difficulty is only calculated periodically (every 2016 blocks).