freedomno1
Legendary
 Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 19, 2013, 06:10:59 AM |
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Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees. From their fee table at https://796.com/vip Tier Total volume Futures trading commission Stock trading commission Withdraw fee VIP0 0 0.6% 1.2% 1.2% VIP1 10 0.6% 1.2% 1.2% VIP2 100 0.5% 1.0% 1.0% VIP3 1000 0.4% 0.8% 0.8% VIP4 10000 0.3% 0.6% 0.6% VIP5 100000 0.2% 0.4% 0.4% VIP6 1000000 0.1% 0.2% 0.2% You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there. And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees. I don't think I've seen fees that bad anywhere.  I'm still observing it for a few months to see how it goes from here At least you get shares hehe https://796.com/news/detail/24.html |
Believing in Bitcoins and it's ability to change the world
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burnside
Legendary
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Activity: 1106
Merit: 1004
Lead Blockchain Developer
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July 19, 2013, 06:22:11 AM |
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Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees. From their fee table at https://796.com/vip Tier Total volume Futures trading commission Stock trading commission Withdraw fee VIP0 0 0.6% 1.2% 1.2% VIP1 10 0.6% 1.2% 1.2% VIP2 100 0.5% 1.0% 1.0% VIP3 1000 0.4% 0.8% 0.8% VIP4 10000 0.3% 0.6% 0.6% VIP5 100000 0.2% 0.4% 0.4% VIP6 1000000 0.1% 0.2% 0.2% You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there. And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees. I don't think I've seen fees that bad anywhere. I'm still observing it for a few months to see how it goes from here At least you get shares hehe https://796.com/news/detail/24.htmlEhhh, registered an account and upon further inspection, at least on the buy/sell interfaces it's also vulnerable to the same session hijacking hack that BitFunder was.  I didn't check any deeper. It's not like that attack was secret. Trade carefully I guess... |
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foxykah
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July 19, 2013, 06:36:39 AM
Last edit: July 19, 2013, 06:51:59 AM by foxykah |
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asicminer doesnt have a future
eventualy the block reward will half and so will dividends
Eventually transaction fees will exceed the block reward. There's still several years before the next block reward halving. Oh no, not again this conversation... Will you again argue about how much tx fees will be in 2230? This is just really boring and every statement revolving this topic is just pure speculation about bitcoin becoming a widely accepted/worldwide currency. Nobody can predict the possibilities of the following years, not even the following months (I bet neither can FC). Why does this conversation even appear every 5-6 pages or so... |
Good things come to those who wait.
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freedomno1
Legendary
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 19, 2013, 07:04:08 AM |
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Ehhh, registered an account and upon further inspection, at least on the buy/sell interfaces it's also vulnerable to the same session hijacking hack that BitFunder was. I didn't check any deeper. It's not like that attack was secret. Trade carefully I guess... Have not security scanned them but definite trade carefully GLBSE |
Believing in Bitcoins and it's ability to change the world
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DiabloD3
Legendary
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Activity: 1162
Merit: 1000
DiabloMiner author
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July 19, 2013, 08:46:36 AM |
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Does anyone know the number of blades and sticks shipped thus far?
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796
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July 19, 2013, 10:48:51 AM |
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Now Satoshi Dice has been sold off, is ASICMiner the only decent security left with a healthy, long term dividend return? (Apart from meta-securities like BTCInvest which invest in other securities). LTC-Global fits that bill nicely, although it is traded in Litcoins not Bitcoins, on litecoinglobal.com. As far as I can see there isn't a passthrough on btc-tc (yet). For the sake of transparency I own at least 10 shares of it and am therefor a board member, so keep that in mind. (For the sake of bragging I bought in a few months ago at under 70LTC, and it has traded for over 300LTC recently.  ) With yield below 5%, along with thin volume and huge bid-ask spread. I think coins are better put to work elsewhere. I would recommend looking at 796 exchange. For full disclosure, I do trade on 796 and own 796 stock. 796's 'btc-settled' future on BTCUSD exchange rate brings something new to the table and allows one to either hedge their BTC, arbitrage opportunity, or long / short BTC with leverage! Also, you can trade ASICMINER passthrough there as well. Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees. From their fee table at https://796.com/vip Tier Total volume Futures trading commission Stock trading commission Withdraw fee VIP0 0 0.6% 1.2% 1.2% VIP1 10 0.6% 1.2% 1.2% VIP2 100 0.5% 1.0% 1.0% VIP3 1000 0.4% 0.8% 0.8% VIP4 10000 0.3% 0.6% 0.6% VIP5 100000 0.2% 0.4% 0.4% VIP6 1000000 0.1% 0.2% 0.2% You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there. And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees. I don't think I've seen fees that bad anywhere. Hi burnside, Since we’re futures exchange, the volume will be great with leverage. The VIP value is easy to earn. And we count 3 times value for automatic settle on Sundays. There has already several members with VIP4 so far. And this VIP tier plan will show its great advantage in the near future. Another reason for the commission plan is that we have free 796Futures-PD exclusively: https://796.com/stockpd?lang=enNow we gift stocks according to trading volume. For earlier investors, the value of the stocks they get has increased 5 to 10 times; and now the investors can get free stocks for their trading and the value of the stocks can compensate the commission. We guess this is preferable and comforting. See here: https://796.com/other/stock.html?lang=enAbout login, users are required to enter Google authenticator after they enable it when they access to their accounts(Mt. Gox style). Besides, we have our creational security code which is saved completely separated and members are requested to enter the security code manually when they want to withdraw. And then we will check the code ourselves. That’s to say, we could definitely protect our users’ fund unless they let out their security code themselves. Thanks for your attention and your advice. 796 Exchange |
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VeeMiner
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July 19, 2013, 11:25:26 AM |
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Satoshidice was sold, is it just me or should we expect influx of new investors since ASICMINER is probably the only remaining noteworthy investment in bitcoinland today?
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Lohoris
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July 19, 2013, 12:57:59 PM |
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Satoshidice was sold, is it just me or should we expect influx of new investors since ASICMINER is probably the only remaining noteworthy investment in bitcoinland today?
It's the main one, but definitely not the only one. |
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lophie
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July 19, 2013, 01:12:29 PM
Last edit: July 19, 2013, 01:46:46 PM by lophie |
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Hello, In a pinch. selling 10 direct shares for ( 10@4.55BTC), who is interested? Negotiable for the reasonable buyers. |
Will take me a while to climb up again, But where is a will, there is a way...
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TsuyokuNaritai
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July 19, 2013, 01:35:02 PM |
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Hello, In a pinch. selling 10 direct shares for ( 10@4.55BTC), who is interested? Negotiable for the reasonable buyers. Usually people create a new thread for these then do a single short post here linking to it, to avoid cluttering the main thread with responses and replies. |
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neilol
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July 19, 2013, 01:49:09 PM |
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What is with the price discrepancy between TAT and burnside passthroughs for?
Very confused at this, cant just be the 5% fee.
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gog1
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July 19, 2013, 01:56:59 PM |
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What is with the price discrepancy between TAT and burnside passthroughs for?
Very confused at this, cant just be the 5% fee.
Speculation is that a big whale is picking up shares. If that's the case, he may want to export it out of the PT and be direct shares. That's not possible with TAT shares. |
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sleger
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July 19, 2013, 02:01:06 PM |
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I sold all my direct shares and bought TAT shares since the price difference was around 10%, and this will adjust. At the very least TAT himself could sell direct shares and buy his own TAT shares to adjust the price, pocketing in a profit in the meantime.
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ThickAsThieves
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July 19, 2013, 02:04:34 PM |
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What is with the price discrepancy between TAT and burnside passthroughs for?
Very confused at this, cant just be the 5% fee.
Speculation is that a big whale is picking up shares. If that's the case, he may want to export it out of the PT and be direct shares. That's not possible with TAT shares. The whale picked up shares OTC at a premium price, causing those that sold to him to replenish by buying up the PTs. The discrepancy on the fractional PTs can be attributed to several factors, but mostly I believe it is that, as the share price gets higher, the @5% devaluation people place on it appears larger. Now, I've already explained why a straight 5% discount is an inaccurate way to factor the management fee, but the mgmt fee is but one factor. Also, since when was this market rational anyway?  |
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lophie
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July 19, 2013, 02:10:57 PM |
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Also, since when was this market rational anyway? so getting into my sig after TradeFortress rent of my space expires  |
Will take me a while to climb up again, But where is a will, there is a way...
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neilol
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July 19, 2013, 02:20:20 PM |
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What is with the price discrepancy between TAT and burnside passthroughs for?
Very confused at this, cant just be the 5% fee.
Speculation is that a big whale is picking up shares. If that's the case, he may want to export it out of the PT and be direct shares. That's not possible with TAT shares. The whale picked up shares OTC at a premium price, causing those that sold to him to replenish by buying up the PTs. The discrepancy on the fractional PTs can be attributed to several factors, but mostly I believe it is that, as the share price gets higher, the @5% devaluation people place on it appears larger. Now, I've already explained why a straight 5% discount is an inaccurate way to factor the management fee, but the mgmt fee is but one factor. Also, since when was this market rational anyway? Thanks for the clear answer |
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TsuyokuNaritai
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July 19, 2013, 02:20:46 PM |
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The whale picked up shares OTC at a premium price, causing those that sold to him to replenish by buying up the PTs.
Can you let us in on who it was?  Or if it's confidential, maybe just whether it was with money from S.DICE? |
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ThickAsThieves
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July 19, 2013, 02:21:37 PM |
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The whale picked up shares OTC at a premium price, causing those that sold to him to replenish by buying up the PTs.
Can you let us in on who it was? Or if it's confidential, maybe just whether it was with money from S.DICE? It was before the SDICE payout. |
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dexX7
Legendary
Offline
Activity: 1106
Merit: 1024
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July 19, 2013, 03:30:19 PM |
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It was before the SDICE payout.
Maybe that's related.  |
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velacreations
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July 19, 2013, 03:37:10 PM |
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there was a whale pushing it down yesterday. I watched the big buy order at 4.611 for 350+ shares go through almost all at once. So, someone wanted to put the price back down closer to 4.5, yesterday.
Another big someone was buying a bunch a bit before, trying to hit 4.9.
So, it was just whales fucking.
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