Thank you, the withdrawal has been processed.

Hello Havelock,

Are you currently processing withdrawals of bitcoin? I made a withdrawal about an hour ago. In the past, I got an instant confirmation that my withdrawal was processed. Now I have only received a notification that the withdrawal request was received - so far no withdrawal has actually taken place.

Has something changed? Please process withdrawals ASAP. I'm not even withdrawing a large amount (<0.4btc).

There is a bot on Havelock that does some market-making, and it occasionally juggles its position from the buy side to the sell side and vice-versa. There is even speculation that it buys/sells into itself to manipulate prices.

You can see the market-making in action by placing a sell order lower than the current ask price, or a buy order higher than the current bid price - even by 1 satoshi. Within a minute, the order that you covered in the orderbook will be canceled and replaced with a new order that differs from yours by about 1 satoshi.

You can see that the market maker is also the whale that moves shares back and forth by looking at the timestamps on bids/asks in the orderbook. Do you think it's just a coincidence that the 250 share bid order and the bid order at the spread were both placed within the same minute?

If you watch the orderbook you can pick out other behaviors that point to a lot of the orders on both sides of the book being controlled by the same party. For example, the bot won't over-bid or under-ask itself, and it maintains open orders at several different bid/ask prices. You can put in a bid in the middle of the book and slowly increment it, then watch which orders keep following yours, then cancel yours and watch the follower drop back down to its initial bid, even though you may have outbid a couple other orders on the way - the bot doesn't care to bid over those orders, most likely because those bids are also orders belonging to the bot.

Anyone planning on buying/selling on Havelock should also know you can manipulate that bot pretty easily and close the spread down to 3-5% since it will over/under bid you so it can be the market maker. Buy side seems to update its order every minute, ask side reacts to changes in the order book pretty quickly.

For example, the current bid is 0.12, but you could probably sell into the bot at around 0.125 -.128.

So basically Havelock gets to keep your dividend, since their withdrawal fee is 10x the standard 0.0001 btc that is expected for a transaction now.

I'll believe it when I see a published ASICMINER mining address, or an AMHash mining address, or any kind of proof of mining - assuming they are self mining.

Remember the good old days where you could just go to blockchain.info/pools and see the AM's share of the network? And from that, infer the actual hashing power? I wish ASICMINER had a bit more transparency, at least about what is actually going on, how much hashing power is deployed, etc.

Has anyone transferred shares into or out of Havelock recently? I initiated a transfer on September 9, but I haven't received any receipt or confirmation of my request, and the shares have not yet arrived in my Havelock account.

I wonder how FriedCat will now convert RMB/Yuan from sales in China back into bitcoin to pay shareholders now that it looks like it's not going to be possible to buy any more bitcoin in China?

Does anyone know if the aim of the company is still to maintain 10% of the hashpower of the network? And if it is, is there a plan to get there?

At 10% of the network hashrate, we'd be looking at mining income of 0.0063 btc/share until the reward halves in 2017.

I started a transfer in just before it went down. Hopefully it picks it up when the site comes back online.

The trading of stocks after the initial distribution doesn't benefit the company at all, unless they plan to sell.

I could see TAT selling shares OTC, then rebuying off the btctc passthrough and exporting them as direct shares, thus eventually draining the btctc passthrough of shares. Conspiracy?

Who needs paid advertisement on reddit when you make a new post every time the price moves?

Chrome on OSX works fine.

Looks like it doesn't matter for me - running into a coinbase bug that I've hit before... sent some bitcoin, it left my account but never hit the network. Sigh. I wish MtGox still had their Dwolla deposits up and running.

BTCTC only requires 3 confirmations 

Lucky me, didn't have btc on hand to buy shares (curse you coinbase!) but saw some options that would become profitable at 2.9 - poor guy

So... the drop in effective hashrate could actually be the result of a DDOS on the ASICMINER node(s)?

It did conveniently stop after the dividend payout - it could be someone trying to manipulate the price, or one of the other pool operators.

I haven't looked into this too closely, but all/most of the recent blocks awarded to ASICMINER have a much lower transaction count than those awarded to other miners/pools. Is that a coincidence, is it a consequence of the hardware design, is it somehow indicative of the recent drop in hashrate?