ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Peter Lambert]

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.

^ This..  

There was a >600 bid wall which was finished by the above mentioned 350+ shares sell.

Edit: could also be someone with a huge stack of coins and shares who just wanted to sell and buy back lower. Wall set up to drive the price higher, sell into the wall, to induce a selloff. But half of it got eaten before.. hmm.. well. Wild speculation only, I guess.

Can you actually sell into your own wall on btct or will it just remove the bids that you are trying to sell into?

Yes.  Awhile ago a decent spread between buy and sell orders showed up and I was trying to place one on both to see if I could flip some stock.  I put the sell order up and then when putting my buy order up forgot to enter my 2FA key.  This caused the buy order value to default to the current sell value (mine) and I didn't notice, so I placed my buy order, and btct.co happily bought and sold my listing(s) out of my own shares for a small fee.

I like to think of it as tipping Burnside, rather than me being a dolt.  And I managed to actually pull off the flip after relisting careful, so still came out ahead.

I once made a fat finger mistake, put up a buy order and then put up a sell order but accidentally added an extra zero and sold to myself.

[nubbins]

Havelock doesn't execute self-trades; fun stuff. You can put the same wall on both sides of the order sheet.

[Eric Muyser]

Havelock doesn't execute self-trades; fun stuff. You can put the same wall on both sides of the order sheet.

BitFunder also lets you buy your own asks, so it looks like the stock price is rising or not falling (even when there's tons of selling off into the bids).

BTC TC is pretty solid on these sort of "exploits."

[krudkeeper]

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Krudkeeper, I think you should stick to monitoring your minecraft servers at home with mommy and daddy. Please stay away from real investments and this thread, you don't know what you are talking about.

My account was hacked by some douche. I have it back now. I agree with your comment about what the punk said. I will be deleting his original comment.

[krudkeeper]

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Sure, but how much will 1 BTC be worth at the end of 2016?

Account was hacked. Wasn't me commenting. Apologies.

[sebastienurbain]

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Krudkeeper, I think you should stick to monitoring your minecraft servers at home with mommy and daddy. Please stay away from real investments and this thread, you don't know what you are talking about.

My account was hacked by some douche. I have it back now. I agree with your comment about what the punk said. I will be deleting his original comment.

 

[krudkeeper]

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Krudkeeper, I think you should stick to monitoring your minecraft servers at home with mommy and daddy. Please stay away from real investments and this thread, you don't know what you are talking about.

My account was hacked by some douche. I have it back now. I agree with your comment about what the punk said. I will be deleting his original comment.

 

All smiles now, but the little punk made all kinds of ignorant comments using my account and even begged for a $1000 Bitcoin loan.

[fumble]

[offtopic]

June 2013 was the 340th consecutive month of above-average global temperatures.
http://blogs.agu.org/wildwildscience/2013/04/27/march-2013-is-337th-consecutive-month-above-20th-century-average/

[/offtopic]

Yes because the last 100 years as a sample size is all we need to determine AGW as fact.

[Pierre]

[offtopic]

June 2013 was the 340th consecutive month of above-average global temperatures.
http://blogs.agu.org/wildwildscience/2013/04/27/march-2013-is-337th-consecutive-month-above-20th-century-average/

[/offtopic]

Yes because the last 100 years as a sample size is all we need to determine AGW as fact.

Could you guys PLEASE stop this shit. Nobody wants to hear about your global warming crap. Take it elsewhere.

[SOSLOVE868]

[offtopic]

June 2013 was the 340th consecutive month of above-average global temperatures.
http://blogs.agu.org/wildwildscience/2013/04/27/march-2013-is-337th-consecutive-month-above-20th-century-average/

[/offtopic]

Yes because the last 100 years as a sample size is all we need to determine AGW as fact.

Could you guys PLEASE stop this shit. Nobody wants to hear about your global warming crap. Take it elsewhere.

Take it to oil company's website, you in the wrong place.

[velacreations]

[VolanicEruptor]

cause Friedcat is a sellout and a burnout

[dhenson]

cause Friedcat is a sellout and a burnout

<gasp> blasphemy!

Burn him!!!

[Franktank]

cause Friedcat is a sellout and a burnout

Careful son, you're gonna get lynched. Granted, this doesn't mean much coming from an AMC investor.

[yuchuanzhen]

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

[burnside]

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=en
Now 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=en

About 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

Glad I was wrong on the 2FA.  (It must be on some second step page somehow?)

Regarding the fees... If you do the math using the table by the time a trader reaches VIP6 (PAR with btct.co at 0.2% with 2FA enabled) the trader will have paid:

(900,000*.004 = 3600) + (90,000*.006 = 540) + (9,000*.008 = 72) + (900*.01 = 9) + (100*.012 = 1.2) = 4222.2 BTC in fees.

Or, you could just turn on 2FA on btct.co and for your first 1,000,000 in volume pay less than half that at (1,000,000*.002) = 2000 BTC in fees.

I realize there are some alternate products, but for ASICMINER trading, you're paying a lot more in fees unless you hold enough stock to get 50% of the fees back... 2222.2 BTC is a pretty wide gap to close with dividends.

[empoweoqwj]

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Thanks for update.

Re: "Kind like 30th", does that mean further delays beyond 30th are possible. Can you put a % on how likely the new blades will ship this month?

Cheers,

[yuchuanzhen]

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Thanks for update.

Re: "Kind like 30th", does that mean further delays beyond 30th are possible. Can you put a % on how likely the new blades will ship this month?

Cheers,

Sorry,I'm not sure.
All I know is "the blade will be shipped  around 30th,by order".

[Franktank]

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Can this news be confirmed? Nice to get some but if only rumors...

[BlackLilac Jordan]

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Does anyone know who this person is and what he is talking about? ASICMINER has not taken any pre-orders, have they?