Bitcoin Forum
May 22, 2024, 03:38:04 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 [370] 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 ... 1240 »
  Print  
Author Topic: CCminer(SP-MOD) Modded GPU kernels.  (Read 2347500 times)
pallas
Legendary
*
Offline Offline

Activity: 2716
Merit: 1094


Black Belt Developer


View Profile
November 04, 2015, 01:34:49 PM
 #7381

or, maybe, whoever is gonna win the auction is driving the pump to dump just after a minute.

Cryptozillah
Hero Member
*****
Offline Offline

Activity: 687
Merit: 502


View Profile
November 04, 2015, 01:35:27 PM
 #7382

Well. I dont think the whales is that interested in letting some person buy like 44k BTC for cheap either.
The price have always gone up around the fed auctions.
This could be a combination of that and stuff happening in China.
antonio8
Legendary
*
Offline Offline

Activity: 1386
Merit: 1000


View Profile
November 04, 2015, 01:37:02 PM
 #7383

or, maybe, whoever is gonna win the auction is driving the pump to dump just after a minute.

Some say the last time at this auction is when someone put a sell at $300 per BTC and the price crashed was because of the auction.

Never been confirmed. But think of this. If you bought at $175 per coin and sold at $300 then you still made a killing.

If you are going to leave your BTC on an exchange please send it to this address instead 1GH3ub3UUHbU5qDJW5u3E9jZ96ZEmzaXtG, I will at least use the money better than someone who steals it from the exchange. Thanks Wink
antonio8
Legendary
*
Offline Offline

Activity: 1386
Merit: 1000


View Profile
November 04, 2015, 01:39:54 PM
 #7384

Well. I dont think the whales is that interested in letting some person buy like 44k BTC for cheap either.
The price have always gone up around the fed auctions.
This could be a combination of that and stuff happening in China.

That is the point. The whales can't control the price.

The last auctions worked like this.

The minimum bid was $250,000 for 50k BTC. If you put a bid for $275,000 and it was the highest then you won. Plain and simple.

No one can control it. The highest bid won. The only stipulation was you had to send the whole amount of your bid (sorry I think it was the deposit) into the U.S. Marshall to bid and if you lost then you received the money back.

EDIT: http://www.usmarshals.gov/assets/2015/dpr-february-auction/  Here is from one sale.

If you are going to leave your BTC on an exchange please send it to this address instead 1GH3ub3UUHbU5qDJW5u3E9jZ96ZEmzaXtG, I will at least use the money better than someone who steals it from the exchange. Thanks Wink
sp_ (OP)
Legendary
*
Offline Offline

Activity: 2912
Merit: 1087

Team Black developer


View Profile
November 04, 2015, 01:41:54 PM
 #7385

Well. I dont think the whales is that interested in letting some person buy like 44k BTC for cheap either.
The price have always gone up around the fed auctions.
This could be a combination of that and stuff happening in China.

The poor chinese sharks are stuck with the government controlled CNY wich is loosing it's value against the dollar and other currencies day by day.
When the government makes new restrictions to their fiat, the sharks go Bitcoin..

Team Black Miner (ETHB3 ETH ETC VTC KAWPOW FIROPOW MEOWPOW + dual mining + tripple mining.. https://github.com/sp-hash/TeamBlackMiner
ZaZ59
Member
**
Offline Offline

Activity: 85
Merit: 10


View Profile
November 04, 2015, 04:43:15 PM
 #7386

hashpower payed good, because they mined mobilecash (lyra2v2)
https://bitcointalk.org/index.php?topic=1182734.0
I've been mining vert and mbl on p2pool, maybe mbl will take off and add value to the vert mining.
last I checked give me coins had 62% of hash for Vert, for a coin that's main value proposition is decentralization by avoiding asics and devs making setting up p2pool super easy that's pathetic to have all the hash on one pool. GMC doesn't even merge mine MBL...crypto confuses me sometimes.

Zoomcoin (lyra2v2) is looking good now.

what site do you use for comparing profit among algo and coin?
whattomine seems highly inaccurate, also i have not found any site for comparing different algo mining profitability with eth mining (specially digibyte, skein for amd and qubit and skein for nvidia )
tanx

http://www.altcoinprofitability.com/
The owner is Singman33 on this forum (present also in forum.hardware.fr as singman)...

Nice website  Cool

FYI, its not singman but me  Grin
bensam1231
Legendary
*
Offline Offline

Activity: 1750
Merit: 1024


View Profile
November 04, 2015, 05:33:19 PM
 #7387

When BTC gets pumped, altcoins end up on the side of the road till things stabalize. Basically everyone that invests in altcoins is investing in the mothercoin right now. Minining profits probably wont be better till it stabalizes, unless you mine with ASICs (specifically sha256).

Not sure how high it's going to go, but get ready for the dump when it happens... which almost always happens when something gets pumped hardcore... someone big bails and starts the fall.

I buy private Nvidia miners. Send information and/or inquiries to my PM box.
sp_ (OP)
Legendary
*
Offline Offline

Activity: 2912
Merit: 1087

Team Black developer


View Profile
November 04, 2015, 05:40:32 PM
Last edit: November 04, 2015, 06:14:30 PM by sp_
 #7388

I see that people report problems in the skein algo. I just tested it and it works fine. When A block is changing you get some rejects though.
(p2pool)


edit:

But the pool is showing low numbers.. 1/5th of the hashrate.

I changed the pool adress to the one with a higher difficulty.  Now I can reproduce the duplicate share problem.


This sp-mod release 72 mining digibyte:



Team Black Miner (ETHB3 ETH ETC VTC KAWPOW FIROPOW MEOWPOW + dual mining + tripple mining.. https://github.com/sp-hash/TeamBlackMiner
sp_ (OP)
Legendary
*
Offline Offline

Activity: 2912
Merit: 1087

Team Black developer


View Profile
November 04, 2015, 06:43:42 PM
 #7389

Submitted a fix.

The same pool was peaking at 760MHASH for my rig. with 97.5 reject rate. (580-760MHASH)

You need to mine on the one with the correct difficulty:

URL (difficulty 0.1): stratum+tcp://digihash.co:3035

Still a problem with the second nonce.

[2015-11-04 19:48:47] tid(0x00001a34) GPU #0: found nonce $0E71FB18
[2015-11-04 19:48:47] tid(0x00001a34) GPU #0: found second nonce $0E71FB18
[2015-11-04 19:48:47] tid(0x00001a34) found => 0e71fb18 18fb710e
[2015-11-04 19:48:47] tid(0x00001a34) found => 0e71fb18 18fb710e
[2015-11-04 19:48:47] tid(0x00001a34) GPU #0: GeForce GTX 970, 278019
[2015-11-04 19:48:47] tid(0x00001a34) GPU #0: start=10000002 end=33333332 range=23333330
[2015-11-04 19:48:47] tid(0x00001228) accepted: 35/37 (94.59%), 608718 kH/s yes!
[2015-11-04 19:48:47] tid(0x00001228) accepted: 35/38 (92.11%), 608718 kH/s nooooo
[2015-11-04 19:48:47] tid(0x00001228) reject reason: duplicate share

Team Black Miner (ETHB3 ETH ETC VTC KAWPOW FIROPOW MEOWPOW + dual mining + tripple mining.. https://github.com/sp-hash/TeamBlackMiner
pokeytex
Legendary
*
Offline Offline

Activity: 1504
Merit: 1002



View Profile
November 04, 2015, 09:20:58 PM
 #7390

I am bored - are there any new or good coins to mine with (3) Nvidia rigs?

kama
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
November 04, 2015, 09:26:32 PM
 #7391

I am bored - are there any new or good coins to mine with (3) Nvidia rigs?


you can mine boolberry

chrysophylax
Legendary
*
Offline Offline

Activity: 2828
Merit: 1091


--- ChainWorks Industries ---


View Profile WWW
November 05, 2015, 12:19:10 AM
 #7392

or, maybe, whoever is gonna win the auction is driving the pump to dump just after a minute.

ever considered its actually the american government and the fbi and the powers that be ( huge financial corporations ) and the governments 'they' oppose ( yes - that includes you china ) thats doing most of the pumping - alongside their contacts in other countries ( including russia and most of the components of the european union ) - so that the auction is maxed out for profit - for the 'highest bidder' ...

sounds far fetched? ...

why dont you have a look at the financial history of the american federal reserve ... yes - that MASSIVE privately owned one - that most americans think is a government controlled bank ... the one thats owned by the the richest people and conglomerates in the world ...

sounds like a great plan to me ... and the proof is all around us with the bitcoin / fiat price ...

there will be some fall out when all this subsides in a few weeks ... and a lotta people broke ...

so ride the wave while it still exists - and cash out ( if you want to get back into fiat ) soon ...

ill watch ... like i always do Wink ...

#crysx

antonio8
Legendary
*
Offline Offline

Activity: 1386
Merit: 1000


View Profile
November 05, 2015, 12:29:53 AM
 #7393

or, maybe, whoever is gonna win the auction is driving the pump to dump just after a minute.

ever considered its actually the american government and the fbi and the powers that be ( huge financial corporations ) and the governments 'they' oppose ( yes - that includes you china ) thats doing most of the pumping - alongside their contacts in other countries ( including russia and most of the components of the european union ) - so that the auction is maxed out for profit - for the 'highest bidder' ...

sounds far fetched? ...

why dont you have a look at the financial history of the american federal reserve ... yes - that MASSIVE privately owned one - that most americans think is a government controlled bank ... the one thats owned by the the richest people and conglomerates in the world ...

sounds like a great plan to me ... and the proof is all around us with the bitcoin / fiat price ...

there will be some fall out when all this subsides in a few weeks ... and a lotta people broke ...

so ride the wave while it still exists - and cash out ( if you want to get back into fiat ) soon ...

ill watch ... like i always do Wink ...

#crysx

Again though. It is of no benefit for the govt to pump the price.

Today was the last day to have bids in. Most bids have been in for days or weeks now.

Here it is again.

Say you sent a bid in for $1,000,000 for 40,000 and you won the bid. Regardless of what the price is of BTC you won the bid and the coins.

This pump has no bearing on these bids as they have been submitted for days and weeks now. And if you did procrastinate and waited till today or yesterday then your shot is long gone.

Imagine the time it takes to register and submit the bid and the actual deposit of a few hundred thousand dollars. I just can't see it happening in a day.

EDIT: I am thinking the winning bid is about $125 per BTC. Just my opinion.

If you are going to leave your BTC on an exchange please send it to this address instead 1GH3ub3UUHbU5qDJW5u3E9jZ96ZEmzaXtG, I will at least use the money better than someone who steals it from the exchange. Thanks Wink
chrysophylax
Legendary
*
Offline Offline

Activity: 2828
Merit: 1091


--- ChainWorks Industries ---


View Profile WWW
November 05, 2015, 12:50:23 AM
 #7394

or, maybe, whoever is gonna win the auction is driving the pump to dump just after a minute.

ever considered its actually the american government and the fbi and the powers that be ( huge financial corporations ) and the governments 'they' oppose ( yes - that includes you china ) thats doing most of the pumping - alongside their contacts in other countries ( including russia and most of the components of the european union ) - so that the auction is maxed out for profit - for the 'highest bidder' ...

sounds far fetched? ...

why dont you have a look at the financial history of the american federal reserve ... yes - that MASSIVE privately owned one - that most americans think is a government controlled bank ... the one thats owned by the the richest people and conglomerates in the world ...

sounds like a great plan to me ... and the proof is all around us with the bitcoin / fiat price ...

there will be some fall out when all this subsides in a few weeks ... and a lotta people broke ...

so ride the wave while it still exists - and cash out ( if you want to get back into fiat ) soon ...

ill watch ... like i always do Wink ...

#crysx

Again though. It is of no benefit for the govt to pump the price.

Today was the last day to have bids in. Most bids have been in for days or weeks now.

Here it is again.

Say you sent a bid in for $1,000,000 for 40,000 and you won the bid. Regardless of what the price is of BTC you won the bid and the coins.

This pump has no bearing on these bids as they have been submitted for days and weeks now. And if you did procrastinate and waited till today or yesterday then your shot is long gone.

Imagine the time it takes to register and submit the bid and the actual deposit of a few hundred thousand dollars. I just can't see it happening in a day.

EDIT: I am thinking the winning bid is about $125 per BTC. Just my opinion.

so you are saying that a bidder will bid at 10% of the current fiat value - to win the auction? ... how does that work antonio? ...

if there is a HUGE pump happening all around you - then current bids ( private or not ) would be akin to the fiat value they can accrue AFTER the purchase - not after the bid ...

so if the current fiat value is high - would that not be cause enough to bid higher and higher again - to try and WIN the bid for a fiat 'profit' when you dump the coins? ...

remember that the 'sniper' wins the auction ...

but who 'wins' in the end? ...

the fbi account and the government coffers and all those that participated in the pump - thats who! ... as they usually do in a pump like this ...

but ... who really knows? ...

'we' play with little fiat ... these guys play with VERY VERY VERY BIG fiat ...

i watch and do my own thing - in the background ...

and its a fun show to watch ... and learn ... Wink ...

#crysx

antonio8
Legendary
*
Offline Offline

Activity: 1386
Merit: 1000


View Profile
November 05, 2015, 01:32:21 AM
 #7395


so you are saying that a bidder will bid at 10% of the current fiat value - to win the auction? ... how does that work antonio? ...

if there is a HUGE pump happening all around you - then current bids ( private or not ) would be akin to the fiat value they can accrue AFTER the purchase - not after the bid ...

so if the current fiat value is high - would that not be cause enough to bid higher and higher again - to try and WIN the bid for a fiat 'profit' when you dump the coins? ...

remember that the 'sniper' wins the auction ...

but who 'wins' in the end? ...

the fbi account and the government coffers and all those that participated in the pump - thats who! ... as they usually do in a pump like this ...

but ... who really knows? ...

'we' play with little fiat ... these guys play with VERY VERY VERY BIG fiat ...

i watch and do my own thing - in the background ...

and its a fun show to watch ... and learn ... Wink ...

#crysx

The bidding process was a sealed bid, meaning you have no idea how many people are bidding and at what price.

You send a bid of say 5 million dollars along with the required deposit in cash of $250,000 (or whatever it was for this bid). The cash bid is sent to the broker and held in escrow until the bid is over and if you win then you must pay the remaining balance upon a said date.

Now these bids have been in for a while now. Not in the last day or so because of all the paper work and background check of the bidder. They are making sure that you are not a felon and other crime orginizations. There is a process that you must pass.

Now could the person or company that thinks they have the winning bid buy up the price of BTC the last few days to dump. Sure.

Remember the last BTC dump of BTC at $300 dollars per coin? They were sold through Coinbase and it was an orchistrated sale then and the coins was brought in within 5 minutes. There was absolutely no reason at the time to sell at that price because BTC was well over $300 but Coinbase made a statement that the seller was looking to cash out of their holdings of BTC. Just happened to be a few days or weeks after the 50K U.S. Marshal sale back then.

Again I see no reason for the U.S. Marshal or Govt to pump BTC for this sale as they are getting the amount that they have from the sealed bids.

Here is the link again from the last auction that had 50,000 BTC with a required deposit of $250,000

http://www.usmarshals.gov/assets/2015/dpr-february-auction/ 

I agree with you though that people are either making money or losing now or in the future. After this sale though maybe we will see where the price is at for the future, but I personally think whoever wins this bid cashes out before the end of the year.

If you are going to leave your BTC on an exchange please send it to this address instead 1GH3ub3UUHbU5qDJW5u3E9jZ96ZEmzaXtG, I will at least use the money better than someone who steals it from the exchange. Thanks Wink
joblo
Legendary
*
Offline Offline

Activity: 1470
Merit: 1114


View Profile
November 05, 2015, 01:36:51 AM
 #7396

or, maybe, whoever is gonna win the auction is driving the pump to dump just after a minute.

ever considered its actually the american government and the fbi and the powers that be ( huge financial corporations ) and the governments 'they' oppose ( yes - that includes you china ) thats doing most of the pumping - alongside their contacts in other countries ( including russia and most of the components of the european union ) - so that the auction is maxed out for profit - for the 'highest bidder' ...

sounds far fetched? ...

#crysx

Again though. It is of no benefit for the govt to pump the price.

Today was the last day to have bids in. Most bids have been in for days or weeks now.

Here it is again.

Say you sent a bid in for $1,000,000 for 40,000 and you won the bid. Regardless of what the price is of BTC you won the bid and the coins.

This pump has no bearing on these bids as they have been submitted for days and weeks now. And if you did procrastinate and waited till today or yesterday then your shot is long gone.

Imagine the time it takes to register and submit the bid and the actual deposit of a few hundred thousand dollars. I just can't see it happening in a day.

EDIT: I am thinking the winning bid is about $125 per BTC. Just my opinion.

so you are saying that a bidder will bid at 10% of the current fiat value - to win the auction? ... how does that work antonio? ...

if there is a HUGE pump happening all around you - then current bids ( private or not ) would be akin to the fiat value they can accrue AFTER the purchase - not after the bid ...

so if the current fiat value is high - would that not be cause enough to bid higher and higher again - to try and WIN the bid for a fiat 'profit' when you dump the coins? ...

remember that the 'sniper' wins the auction ...

but who 'wins' in the end? ...

the fbi account and the government coffers and all those that participated in the pump - thats who! ... as they usually do in a pump like this ...

but ... who really knows? ...

'we' play with little fiat ... these guys play with VERY VERY VERY BIG fiat ...

i watch and do my own thing - in the background ...

and its a fun show to watch ... and learn ... Wink ...

#crysx

if the price rises while bidding is open it will just attract higher bids, though not as high as the current price
fearing a price drop. I'm puzzled how the price rise is tied to the auction. If a large amount of BTC are
expected to come onto the market it should push the price down, not up.

I also doubt there is any goverment involvement in the pump. With a market cap of of USD 6 billion it's not big
enough to attract the big players in the world. There may be some bigger players enterring the crypto world, but
not that big.

I like the idea that people are moving to crypto due to currency issues in their country. I have read that Bitcoin
is very popular in Argentina for that reason. If people in a large country like China were to take an interest in
crypto it could move the price significantly.

AKA JayDDee, cpuminer-opt developer. https://github.com/JayDDee/cpuminer-opt
https://bitcointalk.org/index.php?topic=5226770.msg53865575#msg53865575
BTC: 12tdvfF7KmAsihBXQXynT6E6th2c2pByTT,
antonio8
Legendary
*
Offline Offline

Activity: 1386
Merit: 1000


View Profile
November 05, 2015, 02:09:11 AM
 #7397

or, maybe, whoever is gonna win the auction is driving the pump to dump just after a minute.

ever considered its actually the american government and the fbi and the powers that be ( huge financial corporations ) and the governments 'they' oppose ( yes - that includes you china ) thats doing most of the pumping - alongside their contacts in other countries ( including russia and most of the components of the european union ) - so that the auction is maxed out for profit - for the 'highest bidder' ...

sounds far fetched? ...

#crysx

Again though. It is of no benefit for the govt to pump the price.

Today was the last day to have bids in. Most bids have been in for days or weeks now.

Here it is again.

Say you sent a bid in for $1,000,000 for 40,000 and you won the bid. Regardless of what the price is of BTC you won the bid and the coins.

This pump has no bearing on these bids as they have been submitted for days and weeks now. And if you did procrastinate and waited till today or yesterday then your shot is long gone.

Imagine the time it takes to register and submit the bid and the actual deposit of a few hundred thousand dollars. I just can't see it happening in a day.

EDIT: I am thinking the winning bid is about $125 per BTC. Just my opinion.

so you are saying that a bidder will bid at 10% of the current fiat value - to win the auction? ... how does that work antonio? ...

if there is a HUGE pump happening all around you - then current bids ( private or not ) would be akin to the fiat value they can accrue AFTER the purchase - not after the bid ...

so if the current fiat value is high - would that not be cause enough to bid higher and higher again - to try and WIN the bid for a fiat 'profit' when you dump the coins? ...

remember that the 'sniper' wins the auction ...

but who 'wins' in the end? ...

the fbi account and the government coffers and all those that participated in the pump - thats who! ... as they usually do in a pump like this ...

but ... who really knows? ...

'we' play with little fiat ... these guys play with VERY VERY VERY BIG fiat ...

i watch and do my own thing - in the background ...

and its a fun show to watch ... and learn ... Wink ...

#crysx

if the price rises while bidding is open it will just attract higher bids, though not as high as the current price
fearing a price drop. I'm puzzled how the price rise is tied to the auction. If a large amount of BTC are
expected to come onto the market it should push the price down, not up.

I also doubt there is any goverment involvement in the pump. With a market cap of of USD 6 billion it's not big
enough to attract the big players in the world. There may be some bigger players enterring the crypto world, but
not that big.

I like the idea that people are moving to crypto due to currency issues in their country. I have read that Bitcoin
is very popular in Argentina for that reason. If people in a large country like China were to take an interest in
crypto it could move the price significantly.

I seriously doubt the auction is tied to the price rise. I agree with sp_ it is something else causing it.

But could it play a small part, sure and this is just my conspiracy theory portion.

Say you personally bid $175 per BTC so you bid $7,000,000 and think you are very likely to win (again this bid was placed days or even w week or so ago).

Now these last few days you have been buying BTC here and there up to $350-$375 mark and the rest will start buying also raising the price or keeping it there. You win the bid get the BTC and dump them at $300 each or hold some. Net profit $5,000,000 pretty quick. Now if you had the cash to pay $7,000,000 up front for cheap coins the you can afford to buy some up here and there to get the price where you want it.

Again I am not saying this is happening but I honestly believe the Govt is not pumping the price of BTC for a higher bid, unless they are secretly taking bids after the deadline. Smiley

I agree again with sp_ something outside the auction is driving the price and I don't think it is Russia as they are trying to pass laws to jail people for using BTC.

If you are going to leave your BTC on an exchange please send it to this address instead 1GH3ub3UUHbU5qDJW5u3E9jZ96ZEmzaXtG, I will at least use the money better than someone who steals it from the exchange. Thanks Wink
joblo
Legendary
*
Offline Offline

Activity: 1470
Merit: 1114


View Profile
November 05, 2015, 02:44:47 AM
 #7398


Say you personally bid $175 per BTC so you bid $7,000,000 and think you are very likely to win (again this bid was placed days or even w week or so ago).

Now these last few days you have been buying BTC here and there up to $350-$375 mark and the rest will start buying also raising the price or keeping it there. You win the bid get the BTC and dump them at $300 each or hold some. Net profit $5,000,000 pretty quick. Now if you had the cash to pay $7,000,000 up front for cheap coins the you can afford to buy some up here and there to get the price where you want it.


You do realize that highest bid wins so $175 just a waste of the bidding registration fee. All the serious bids
will be submitted at the last possible moment and will depend on the BTC price at that time. Nobody is going
to get them cheap.

AKA JayDDee, cpuminer-opt developer. https://github.com/JayDDee/cpuminer-opt
https://bitcointalk.org/index.php?topic=5226770.msg53865575#msg53865575
BTC: 12tdvfF7KmAsihBXQXynT6E6th2c2pByTT,
antonio8
Legendary
*
Offline Offline

Activity: 1386
Merit: 1000


View Profile
November 05, 2015, 03:03:01 AM
Last edit: November 05, 2015, 03:27:18 AM by antonio8
 #7399


Say you personally bid $175 per BTC so you bid $7,000,000 and think you are very likely to win (again this bid was placed days or even w week or so ago).

Now these last few days you have been buying BTC here and there up to $350-$375 mark and the rest will start buying also raising the price or keeping it there. You win the bid get the BTC and dump them at $300 each or hold some. Net profit $5,000,000 pretty quick. Now if you had the cash to pay $7,000,000 up front for cheap coins the you can afford to buy some up here and there to get the price where you want it.


You do realize that highest bid wins so $175 just a waste of the bidding registration fee. All the serious bids
will be submitted at the last possible moment and will depend on the BTC price at that time. Nobody is going
to get them cheap.

I sure do. As I said that was an example. Even if the BTC bid is at $300 per coin, right now still a $130 profit per coin so the example still works.

Also 90-95% of bids was probably already received when the price was still at $240-$250 range. I seriously doubt anyone who tried to bid within the last 24-36 hours probably did not meet the deadline with going through the process.

As I said though. I seriously doubt this auction is driving up the price.

EDIT: On the registration fee it is not like you lose the $150,000 or whatever it is. They send it back.

If you are going to leave your BTC on an exchange please send it to this address instead 1GH3ub3UUHbU5qDJW5u3E9jZ96ZEmzaXtG, I will at least use the money better than someone who steals it from the exchange. Thanks Wink
chrysophylax
Legendary
*
Offline Offline

Activity: 2828
Merit: 1091


--- ChainWorks Industries ---


View Profile WWW
November 05, 2015, 05:09:18 AM
 #7400


Say you personally bid $175 per BTC so you bid $7,000,000 and think you are very likely to win (again this bid was placed days or even w week or so ago).

Now these last few days you have been buying BTC here and there up to $350-$375 mark and the rest will start buying also raising the price or keeping it there. You win the bid get the BTC and dump them at $300 each or hold some. Net profit $5,000,000 pretty quick. Now if you had the cash to pay $7,000,000 up front for cheap coins the you can afford to buy some up here and there to get the price where you want it.


You do realize that highest bid wins so $175 just a waste of the bidding registration fee. All the serious bids
will be submitted at the last possible moment and will depend on the BTC price at that time. Nobody is going
to get them cheap.

I sure do. As I said that was an example. Even if the BTC bid is at $300 per coin, right now still a $130 profit per coin so the example still works.

Also 90-95% of bids was probably already received when the price was still at $240-$250 range. I seriously doubt anyone who tried to bid within the last 24-36 hours probably did not meet the deadline with going through the process.

As I said though. I seriously doubt this auction is driving up the price.

EDIT: On the registration fee it is not like you lose the $150,000 or whatever it is. They send it back.

as with any bidding system - the winners are ALWAYS the snipers ... those that come in at the last minute ( in this case - day or hour ) and bid a ridiculously left wing figure to win the auction ...

registration and the like is of no consequence - they would have already set that up a while back - and because its private - no one knows what the other is bidding - but they sure as hell know what the current prices are - and the upward trend that its currently taking ...

this does NOT mean this is the reason for the increase in btc fiat price - nor does it mean that the ptb ( powers that be - ie govt and organizations ) are whaling themselves into a btc frenzy ... what this DOES mean is that the btc market ( like any other ) IS manipulated by the ones that CAN AFFORD to do so ...

the argument is not whether the the auction is the casue of the price rise or not - it is about the reason WHY its being pumped ...

if you think 6billion dollars is a great deal of money - it is ... to us ...

bill gates could pull that out in a single credit card swipe - or signature ( im being over dramatic about the credit card swipe ... well - i think i am anyway ) ...

but take a look at the REAL rich - those of rothschild and rockerfellers and such ... those that can benefit from a business transaction ( like a war ) and make a profit of 200BILLION and above ... think people and corporations like that cant sway the market? ...

bitcoin is THE thing that has revolutionized the transactive industry ... as much as 'they' make out that is not worth a pinch of salt ... its 'them' that have the power to buy in MASSIVE quantities and sell the same ...

we little fish can ride the wave - but i can assure you that is these really BIG fish - the wahles - that are making the biggest splashes ... ie - manipulating the price as they see fit ...

laws are not made to be broken ... but there will ALWAYS be those that will bend them just before breaking point ...

and those people / corporates are the ones that have the power to do so - and are IN power to do so ...

which is fine - as long as we all conform ( hence some of teh stupid laws they are coming out with for the crypto communities ) ...

until there is major change in th way we all THINK - then will be no change in the way we work ... so this will keep happenning time and time again ...

in any case - i guess we all have our own direction ...

so the hardworker clued up is worried and stressed over the days that come - while the clueless are living an ignorant happy life without knowing any better ...

sometimes i wonder which ihas the better quality of life Wink ... hehehe ...

anyway - back to work for me ... more stupid heat issues - causing more breakdowns ...

hope everyone is having a happy btc wave day Wink ...

#crysx

Pages: « 1 ... 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 [370] 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 ... 1240 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!