Post
Topic
Board Service Discussion
Re: Mt.Gox SCAM? $38million disappeared. Large sums affected.
by
corsaro
on 23/02/2014, 07:48:07 UTC
Is it possible to estimate how profitable is the crisis for MtGox?

On a graph with a scale of 1 day per candlestick, I count a volume of about 650,000 BTC from the first big drop to now. Let us consider an average fee of 0.30% and keep in mind that it is paid by both buyers and sellers.
2x0.0030 x 650,000 = 3,900 BTC.

The average price being $500 over this period, their profit would reach 3900x500 = $2,000,000 !?

some light on the orizon for gox
http://www.reddit.com/r/Bitcoin/comments/1ymb4r/some_light_on_the_horizon_for_gox/

Quote
I've been watching the mtgox transaction stream for the last hour (https://data.mtgox.com/api/0/bitcoin_tx.php) and it seems transactions are going through. You can check for yourself, download a copy of the output on that link, check again 10-15 minutes later and you'll see that some transactions are missing. If you enter the missing transaction IDs on the blockchain, you can see they went through. Here are some I found:
https://blockchain.info/ntxid/2bf78fb8e8765ee8dc1224e74739f60c1a3e50515a41792fc6862aeeb95ab568 https://blockchain.info/ntxid/ad86f98e259314cf53eb242c18d92cc7aefcc73f36d824bfe96ca8ec0dd51317 https://blockchain.info/ntxid/057457615c3f1bd9adee741265e11b08041f0fdf768fb40000ad3dc7c0da4e80
Add to that the reports that some users have received their $5k - $10k withdrawals initiated in early January, I'd say that thing are looking up :-)