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Author Topic: ActiveMining Overview and Speculation Thread  (Read 167490 times)
pheaonix
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July 27, 2013, 02:44:36 AM
 #441

Large discrepancy between BTC-TC and Bitfunder. Too bad I'm on Bitfunder  Cry

Yeah, how come nobody is taking advantage of arbitrage on this discrepancy?
Like, sell 500 @ 0.005600 on BTCT = 2.8 btc
Transfer your bitcoin to bitfunder, then buy 500 @ 0.004790 = 2.395

You have the same shares, but gain instant 0.405 btc profit, that is 156 weeks of dividend based on last div.

Because getting your coin through weexchange and into bitfunder can take ages, because they require 6 confirmations. By that time the price could have changed and then you have lost money

incorrect. i highly doubt those ~70k in ask walls will fall before 6 confirms. if i was on btct, i would arb this.

edit: i just checked again. arbing this is getting more profitable by the minute.

You asked why noone was doing it - that was just a reason I thought of. With the ask walls you could stand to make quite a profit right now tho...

it was not me that asked.

i hope this puts a dent into the walls at bitfunder though. i agree with your points, 6 confirms introduces some risk(i would estimate less than 0.001% chance), and if you are not familiar with bitfunder/weex it could add a couple minutes.

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July 27, 2013, 02:45:55 AM
 #442

Large discrepancy between BTC-TC and Bitfunder. Too bad I'm on Bitfunder  Cry

Yeah, how come nobody is taking advantage of arbitrage on this discrepancy?
Like, sell 500 @ 0.005600 on BTCT = 2.8 btc
Transfer your bitcoin to bitfunder, then buy 500 @ 0.004790 = 2.395

You have the same shares, but gain instant 0.405 btc profit, that is 156 weeks of dividend based on last div.

Because getting your coin through weexchange and into bitfunder can take ages, because they require 6 confirmations. By that time the price could have changed and then you have lost money

6 confirmations is an hour only.
Yeah, price could have changed, it can also get lower then you profit more.
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July 27, 2013, 02:47:47 AM
 #443

I really don't want to trade btct shares for bitfunder shares but this spread is getting too hard to resist.

I'll place a crazy 30k btct wall @ .0075.  If it sells I'll take down the bitfunder wall.  I really don't see it happening though.
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July 27, 2013, 03:09:40 AM
 #444

Well regardless, if one opportunist doesn't take a chance on this another will. That is my bet.
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July 27, 2013, 03:10:47 AM
 #445

I really don't want to trade btct shares for bitfunder shares but this spread is getting too hard to resist.

I'll place a crazy 30k btct wall @ .0075.  If it sells I'll take down the bitfunder wall.  I really don't see it happening though.

There's withdrawal limits on BTC-TC. I could only withdraw 6.74 BTC, and have to wait for the rest to be manually transferred by burnside. You might want to take that into account.
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July 27, 2013, 03:21:14 AM
 #446

I really don't want to trade btct shares for bitfunder shares but this spread is getting too hard to resist.

I'll place a crazy 30k btct wall @ .0075.  If it sells I'll take down the bitfunder wall.  I really don't see it happening though.

There's withdrawal limits on BTC-TC. I could only withdraw 6.74 BTC, and have to wait for the rest to be manually transferred by burnside. You might want to take that into account.

Doh! Forget that then.
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July 27, 2013, 03:35:00 AM
 #447

I really don't want to trade btct shares for bitfunder shares but this spread is getting too hard to resist.

I'll place a crazy 30k btct wall @ .0075.  If it sells I'll take down the bitfunder wall.  I really don't see it happening though.

There's withdrawal limits on BTC-TC. I could only withdraw 6.74 BTC, and have to wait for the rest to be manually transferred by burnside. You might want to take that into account.

Doh! Forget that then.

I hate that manual withdrawal.
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July 27, 2013, 03:35:32 AM
 #448

If I was to buy some shares on Bitfunder, can they be pushed to my account BTC-TC? I'd rather keep them all in one place.

Edit: I'm guessing this is a similar process to Tendering. Transfer to Ken on Bitfunder, He transfers to me on BTC-TC?

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July 27, 2013, 03:42:34 AM
 #449

If I was to buy some shares on Bitfunder, can they be pushed to my account BTC-TC? I'd rather keep them all in one place.

Edit: I'm guessing this is a similar process to Tendering. Transfer to Ken on Bitfunder, He transfers to me on BTC-TC?

Ken does not currently offer that service.
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July 27, 2013, 08:29:12 AM
 #450

Large discrepancy between BTC-TC and Bitfunder. Too bad I'm on Bitfunder  Cry

Yeah, how come nobody is taking advantage of arbitrage on this discrepancy?
Like, sell 500 @ 0.005600 on BTCT = 2.8 btc
Transfer your bitcoin to bitfunder, then buy 500 @ 0.004790 = 2.395

You have the same shares, but gain instant 0.405 btc profit, that is 156 weeks of dividend based on last div.
arbitraged 10k shares  Grin
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July 27, 2013, 08:32:35 AM
 #451

I was sure that the spike up to 0.006 would result in us dropping back down to 0.0045ish... im surprised its stayed so high.

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July 27, 2013, 08:41:08 AM
 #452

I was sure that the spike up to 0.006 would result in us dropping back down to 0.0045ish... im surprised its stayed so high.

Considering AMC got to over .004 per share when investors only received 8% profit split over 40,000,000 shares, it should be no surprise that a properly structured ACTM receiving 40% over 10,000,000 shares should easily reach 4 x the original high.

I think we'll steadily increase to around .0075 with a spike over .01 after all 6TH is hashing next month.  Once we start receiving chips and adding hardware sales to the dividends we'll easily surpass .02/share.

Just my 2c (though I have been pretty accurate lately  Wink )
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July 27, 2013, 10:45:12 AM
 #453

Walls walls evrywhere  Undecided

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July 27, 2013, 10:51:47 AM
 #454

Walls walls evrywhere  Undecided

Yeah, someone just decided to cashout 35k @ 0.00485777 on bitfunder. I think that will contain the price for a while if there's no other significant news.

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July 27, 2013, 10:59:51 AM
 #455

Walls walls evrywhere  Undecided

Yeah, someone just decided to cashout 35k @ 0.00485777 on bitfunder. I think that will contain the price for a while if there's no other significant news.
If there were efficient arbitrage between the two exchanges, that wall would be long gone already.
The price gap between the two exchanges is ridiculously profitable.

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July 27, 2013, 01:14:25 PM
 #456

Walls walls evrywhere  Undecided

Yeah, someone just decided to cashout 35k @ 0.00485777 on bitfunder. I think that will contain the price for a while if there's no other significant news.
If there were efficient arbitrage between the two exchanges, that wall would be long gone already.
The price gap between the two exchanges is ridiculously profitable.

You can forget about efficient arbitrage—you can't expect Ken to make share transfers between exchanges for this purpose. Until then, just sell high, move your coins, buy low.

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July 27, 2013, 01:35:13 PM
 #457

Here's a thought.
What about letting Ken do the arbitrage in the name of ActiveMining?
Set up some rule, for example if price differs more than 10%, he's allowed to do arbitrage trading between BF&btct, and let the earnings go to ActiveMining. Or let it be part of next weeks dividend.

Or will that be considered market manipulation if its being done by the issuer?
Another problem can be transparency.
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July 27, 2013, 01:49:22 PM
 #458

Here's a thought.
What about letting Ken do the arbitrage in the name of ActiveMining?
Set up some rule, for example if price differs more than 10%, he's allowed to do arbitrage trading between BF&btct, and let the earnings go to ActiveMining. Or let it be part of next weeks dividend.

Or will that be considered market manipulation if its being done by the issuer?
Another problem can be transparency.

This is a bad idea.  Ken shouldn't be spending the I'm arbing out the inefficnecies between the two markets.  The price will come in line in time, its free money for someone out there to take even if its going to take a little time to do.

"Markets can remain irrational longer than you can remain solvent." -Keynes
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July 27, 2013, 03:03:25 PM
 #459

With any luck the 25k wall on Bitfunder should be gone by the end of the day and we'll rise a lot closer to BTCT prices. Kind of makes me regret selling my ActM on BTCT yesterday at 0.0046 to move over to Bitfunder though, I couldve had like 10% more shares Sad

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July 27, 2013, 03:17:37 PM
Last edit: July 27, 2013, 03:36:03 PM by kleeck
 #460

xpost from the Official AMC thread:

Here is a correspondence with Ken that I had. I thought you all would also like to be informed of this:

My message to Ken:

Ken,

Very exciting times for those of us investing in your efforts. Thanks for all your hard work, it is appreciated!

I saw a very nicely written press release by eAsic from earlier this year and it made me wonder if we would see a similar announcement regarding their partnership with Virtual Mining Corp.

Here is a link to the 2013 press release: http://www.easic.com/violin-memory-selects-easic-for-flash-memory-arrays/

They have a url path to other years as well, so this seems like standard procedure. Here are the 2012 press releases: http://www.easic.com/2012/

Can we expect to see a similar press release in the near future as the NRE is dispersed and eAsic begins operations on VMC's behalf?

Thank you for your time,
Steve VK


Ken's Response:

Yes we will.  I have already discussed this with eAsic.


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