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Caesium
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September 11, 2014, 04:31:53 PM |
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does btcguild limit 10btc per withdrawl on the topside?
im assuming they do.
Nope. It just quite happily let me set my automatic withdrawal to 90,000 BTC per hour. |
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ensurance982
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September 11, 2014, 04:32:40 PM |
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Yeah, I really don't know where this is going to lead... Obviously they can't be mining at 13 PH/s at the moment. At least not if they're included in the statistics. The recently mined blocks aren't that promising either... ummmm.... Still, this is the most promising thing for half a year or so. Does anyone have a Gandalf "Coins in the mining address, haven't seen those in a long time" meme?  |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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September 11, 2014, 04:37:54 PM |
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fact: AM's historical mining address keeps stacking BTC. About 123 up to now. nom nom nom ^^ https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24iedit: so AM indeed started mining from july (at least on btcguild) and did not processed any withdrawals... Until now, with a 10 BTC threshold every hour. Question is... How many btc they have been accumulating?  "Lol you think its only been on Guild..." Hum whatever. Nom nom nom  No, I agree - they've obviously been doing work via BTCGuild, but geez, imagine if this level of revenue starts coming in from other pools too I think they did mine with other pool as well but somehow consolidated the BTC revenues on their BTC Guild address. And now starts withdrawing at constant 10BTC/h pace. Sky is the limit! ^^ F#cking excited! love you all!  edit: 133BTC!! |
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jdany
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September 11, 2014, 04:39:46 PM |
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hmmm. So, if I had 1000 BTC sitting on guild. (which I don't)
And I lowered my withdrawl amount to 10 BTC.
It would send me my limit amount every hour until it fell below that amount.
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kingcrimson
Legendary
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Activity: 1025
Merit: 1000
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September 11, 2014, 04:40:48 PM |
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Train is taking off, how high will we go?
13 PH = almost 7 % of the network
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empoweoqwj
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September 11, 2014, 04:41:21 PM |
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hmmm. So, if I had 1000 BTC sitting on guild. (which I don't)
And I lowered my withdrawl amount to 10 BTC.
It would send me my limit amount every hour until it fell below that amount.
Are you imagining FC is making more than 10 BTC every hour on guild? Nice if it were so ......  |
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ensurance982
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September 11, 2014, 04:42:29 PM |
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fact: AM's historical mining address keeps stacking BTC. About 123 up to now. nom nom nom ^^ https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24iedit: so AM indeed started mining from july (at least on btcguild) and did not processed any withdrawals... Until now, with a 10 BTC threshold every hour. Question is... How many btc they have been accumulating? "Lol you think its only been on Guild..." Hum whatever. Nom nom nom No, I agree - they've obviously been doing work via BTCGuild, but geez, imagine if this level of revenue starts coming in from other pools too I think they did mine with other pool as well but somehow consolidated the BTC revenues on their BTC Guild address. And now starts withdrawing at constant 10BTC/h pace. Sky is the limit! ^^ F#cking excited! love you all! edit: 133BTC!! Holy cow! This could be! Can you actually transfer BTC to BTCGuild? Maybe they've got some kind of inside deal if you usually can't? It's a perfect way of trickling in dividends to the actual mining address! |
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sngwinner
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September 11, 2014, 04:44:57 PM |
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Does anyone have a good estimate of what sort of margin AM could achieve at various electricity costs? I'm not too good at figuring that out and it would be helpful to try to figure out what shareholders could expect from mining income.
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EternalWingsofGod
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September 11, 2014, 04:54:27 PM |
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does btcguild limit 10btc per withdrawl on the topside?
im assuming they do.
Maybe it was set to do that Either that or can someone name an exchange that limits it to 10 BTC an hour |
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Chalkbot
Legendary
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Activity: 896
Merit: 1001
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September 11, 2014, 05:00:02 PM |
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So, considering that a user at BTC guild has control over payout schedule and amounts, what makes people believe they have more than what the known hash power at BTC guild represents?
Certainly they could have been accumulating for a couple months now, and these coins are just coming out of that balance.
Did I miss something?
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KarmaShark
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September 11, 2014, 05:03:48 PM |
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So, considering that a user at BTC guild has control over payout schedule and amounts, what makes people believe they have more than what the known hash power at BTC guild represents?
Certainly they could have been accumulating for a couple months now, and these coins are just coming out of that balance.
Did I miss something?
That seems plausible. Fried Cat may have been quietly amassing serious coinage since mid-July. It almost makes good sense given he announced they had finally located sites that offer cheap electricity and ample space for deployment. I mentioned this yesterday, it would be very Fried Cat-ish to keep the mining income hush-hush until he is ready to release the hounds. There could be thousands of Bitcoin already amassed, trickling out at 10BTC per hour. September is shaping up very nice with this development and the rumored Gen4 tapeout occurring at some point in the next few weeks. Timing couldn't be better with big news for the currency itself hitting the wires (Coinbase + Paypal). |
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sngwinner
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September 11, 2014, 05:10:50 PM |
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No one seems to mentioning that a large number of chips supposedly went to franchise partners. I'm willing to bet that what AM is mining on bTCguild isn't all of their mining income.
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bizmar
Newbie
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Activity: 17
Merit: 0
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September 11, 2014, 05:15:21 PM |
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hmmm. So, if I had 1000 BTC sitting on guild. (which I don't)
And I lowered my withdrawl amount to 10 BTC.
It would send me my limit amount every hour until it fell below that amount.
This seems the most logical explanation. BTCguild's hasn't found enough blocks in the last hours to account for this. But 270TH mining from mid July would make about 350 BTC (REALLY rough number). We will see if this is correct in about 15 hours. Sorry to spoil the mood... Ahem... TO THE MOON!!!1!! |
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Bonam
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September 11, 2014, 05:24:24 PM |
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The shares seem to have come back down on Havelock. Pump and dump?
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jjdub7
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September 11, 2014, 05:33:42 PM |
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The shares seem to have come back down on Havelock. Pump and dump?
I'm gonna lol if it turns out they just didn't make the hourly queue and it keeps paying in for the rest of the day |
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sharky101
Member
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Activity: 108
Merit: 10
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September 11, 2014, 05:54:33 PM |
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The shares seem to have come back down on Havelock. Pump and dump?
I'm gonna lol if it turns out they just didn't make the hourly queue and it keeps paying in for the rest of the day < 10 mins to find out. Get those speculative orders in. |
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ensurance982
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September 11, 2014, 06:13:55 PM |
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The shares seem to have come back down on Havelock. Pump and dump?
I'm gonna lol if it turns out they just didn't make the hourly queue and it keeps paying in for the rest of the day < 10 mins to find out. Get those speculative orders in. Well, that's it. Cue the bears who say all the coins mined since 'mid July' are now withdrawn to the dividends address and we'll be in for a more than meager dividend of 0.000333145 BTC/share... |
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Bonam
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September 11, 2014, 06:16:46 PM |
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Well, that's it. Cue the bears who say all the coins mined since 'mid July' are now withdrawn to the dividends address and we'll be in for a more than meager dividend of 0.000333145 BTC/share...
Even a dividend of 0.0003 BTC/share would be a positive sign for shareholders, reassuring them that AM is still committed to paying dividends. |
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ensurance982
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September 11, 2014, 06:19:40 PM |
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Well, that's it. Cue the bears who say all the coins mined since 'mid July' are now withdrawn to the dividends address and we'll be in for a more than meager dividend of 0.000333145 BTC/share...
Even a dividend of 0.0003 BTC/share would be a positive sign for shareholders, reassuring them that AM is still committed to paying dividends. Sure, but given the average estimated yield of ~33% in AM's glory times, this would justify a share price of 0.03 BTC! In an environment this risky, not a very good return. But I agree that we first need to work on building up trust again, and it would still be a good sign - if the dividends continue. |
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jjdub7
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September 11, 2014, 06:21:03 PM |
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Well, that's it. Cue the bears who say all the coins mined since 'mid July' are now withdrawn to the dividends address and we'll be in for a more than meager dividend of 0.000333145 BTC/share...
Even a dividend of 0.0003 BTC/share would be a positive sign for shareholders, reassuring them that AM is still committed to paying dividends. Well, of course friedcat gets paid as an employee, and the board members get paid by divs too, so I'm sure they're just as ready for yield season as the exchange investors are. And also, anyone notice that ~1200 shares were imported since last week? Think someone's looking to sell... |
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