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Re: Analyzing Mt. Gox
by
holy_cow
on 13/04/2013, 19:42:28 UTC
This is only for 7 days so it isn't that interesting.  I'll post the one for 30 days later.

TotalPercentMax GainMax Loss
Sunday24.5478415.39485177069495.44999000000001-4.90000000000001
Monday24.0521812.82960687517527-10.81
Tuesday42.0419.308454744849910.881-3.87100000000001
Wednesday-67.18999-48.440009915962354.89-38.89
Thursday-56.70002-49.073273922290413.109-35.25
Friday6.00001-1.5320234496344413.4-17.59999
Saturday1.249990.8630684162753681.23999000000001-0.500010000000003
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Re: Analyzing Mt. Gox
by
holy_cow
on 13/04/2013, 19:11:25 UTC
Go analyze their lag time its more complex: CURRENTLY 17 minutes and forever increasing..

AFAIK I would have to gather this data myself.  I don't think they provide historical lag data.
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Topic OP
Analyzing Mt. Gox
by
holy_cow
on 13/04/2013, 17:15:32 UTC
Since I like playing with numbers, here is some data I put together using the Mt. Gox API.

I looked at the first trade of every hour and compared it to the previous hour. Then for each hour of the day I added that to the hours total.

So if everyday at 1AM CST you bought coin and sold it back at 2AM CST, over the week you would have made $10.10.

I wouldn't recommend using this to try to make money, but I'm interested in feedback.  I already realized it is a little confusing because at first glance you might think over the 2:00 hour it went up 10, but that actually happened from 1AM-2AM.

Hours in CST.  0 is midnight.  Enjoy.

HourTotalMax GainMax Loss
00.6522000000000222.63217-3.38998999999998
1-9.593889999999963.70000999999999-17.59999
210.10760999999995.79998000000001-0.195970000000017
3-0.4207299999999636.56999000000002-4.1131
4-8.593200000000014.19980000000001-13.7
5-3.8428699999999913.87991-19.2
60.650120000000037.60003-9.51000000000001
717.8434613.109-9.38951999999999
811.759498.39952-16.759
9-49.038941.90001000000001-35.25
1017.813028.68505000000002-3.51900999999999
11-10.9430912.40098-16.1
12-12.261992.99000000000001-16
13-22.0387110.881-35.53171
14-33.158123.8-34.46829
152.6539900000000110.99-15
1656.6574854.89-1.78644
17-23.0169413.4-38.89
180.3653100000000088.8-3.41469999999998
1922.3142916.48159-1.95741000000001
2026.2534412.418410
21-12.704281.90000000000001-9.83636000000001
221.233399999999975.2-9.09711999999999
23-8.191040000000027.73348999999999-13.00001
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Topic OP
7 days of Mt. Gox by the hour
by
holy_cow
on 13/04/2013, 13:12:43 UTC
Hours in CST.  0 is midnight.  Enjoy.


HourTotalMax GainMax Loss
00.6522000000000222.63217-3.38998999999998
1-9.593889999999963.70000999999999-17.59999
210.10760999999995.79998000000001-0.195970000000017
3-0.4207299999999636.56999000000002-4.1131
4-8.593200000000014.19980000000001-13.7
5-3.8428699999999913.87991-19.2
60.650120000000037.60003-9.51000000000001
717.8434613.109-9.38951999999999
811.759498.39952-16.759
9-49.038941.90001000000001-35.25
1017.813028.68505000000002-3.51900999999999
11-10.9430912.40098-16.1
12-12.261992.99000000000001-16
13-22.0387110.881-35.53171
14-33.158123.8-34.46829
152.6539900000000110.99-15
1656.6574854.89-1.78644
17-23.0169413.4-38.89
180.3653100000000088.8-3.41469999999998
1922.3142916.48159-1.95741000000001
2026.2534412.418410
21-12.704281.90000000000001-9.83636000000001
221.233399999999975.2-9.09711999999999
23-8.191040000000027.73348999999999-13.00001


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Re: Did I screw up?
by
holy_cow
on 12/04/2013, 19:23:45 UTC
You wouldn't like the bitcointalk forum when it is angry.
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Re: How bad is burning smell of electronics for health?
by
holy_cow
on 12/04/2013, 17:56:35 UTC
Are you a bitcoin miner who got cancer from fumes while mining bitcoins?  Better call Saul 505-165-CALL.
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Re: Did I screw up?
by
holy_cow
on 12/04/2013, 15:41:34 UTC
Seems ok to me.  2.5 btc is worth $184 right now.
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Topic OP
How much do bitcoins weigh?
by
holy_cow
on 11/04/2013, 20:44:56 UTC
If we had an estimate of the number of copies of blockchains in existence, we could compute the weight.  See:

http://superuser.com/questions/11423/how-much-does-a-gigabyte-weigh-on-a-hard-disk

So for example, if 1GB is ~1 microgram, then a single blockchain would be 6.3 micrograms.

6.3 * 158,730 = 1,000,000.  So 158,730 blockchains would equal 1 gram.

edit: spel goode
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Re: what causes the price to drop?
by
holy_cow
on 09/04/2013, 19:27:59 UTC
What causes the price to drop?

If many people sell at once the price will drop - is what I hear, but if people are selling, aren't people buying those same BTC?

If you look at Mt. Gox or VirCurEx then you will see there is a sell price and a buy price.  The sell price is what people will buy them FROM you.  The buy price is what it will cost FOR you to buy them.  There is a gap between these two numbers.

There is a limited number of coins at each price.  So if the minimum buy price is $200 and I buy all the coins that were priced at $200, the price will go up to $201 (or whatever the lowest buy price is).

If no one is buying at the $200 price, eventually someone will try to sell at a lower buy price.
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Re: Crash coming?
by
holy_cow
on 08/04/2013, 18:55:21 UTC
What no one has been talking about is the floodgate of ASICs that are coming online very soon. Miners are going to produce a lot of coins soon. More coins in circulation means lower value. That will burst the bubble, allowing a new set of long-term (stabilizing) investors to get in at a lower price. When is BFL delivering? Crash to follow.

They will not mine more coins. The distribution of coins are already set. The effect will be that they will get a larger proportion of the coins, and that mining with GFC's will become absolete.

What do you mean they will not mine more coins? What do you think the point of mining is? Bitcoins are a finite "resource," (is that what you mean by the distribution being already set?) but not all of them are in circulation today. Coins have to be mined before they are available (valuable). You can't buy a Porsche with unmined bitcoins. When production of coins increases, the value will decrease as people sell them for real money.

The network tries to mine 2016 bitcoins per 2 weeks.  If the 2016th block is mined before the end of 2 weeks, the difficulty will go up and it will be harder to mine.  The network corrects itself.
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Re: CPU mining question
by
holy_cow
on 07/04/2013, 04:02:36 UTC
Somebody correct me if I am wrong, but I think Litecoin CPU mining can be profitable.
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Re: BTC and LTC cartoon
by
holy_cow
on 07/04/2013, 03:56:16 UTC
Just a little fun.  Suprised it created so much discussion.  Follow up.

https://bitcointalk.org/index.php?topic=169302.0
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Topic OP
Bitcoin and Litecoin Follow Up Cartoon
by
holy_cow
on 07/04/2013, 03:45:13 UTC
Came across a comic that I could modify to pretty perfectly cover the reaction to the last comic I posted.

http://i.imgur.com/gzviHb3.jpg
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Re: Posting in Alternative Currencies
by
holy_cow
on 06/04/2013, 16:41:31 UTC
I understand the reasoning, but what a pain.  Guess I got to "put in my time".  Thanks for explaining.

Try the Konami code.
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Topic OP
BTC and LTC cartoon
by
holy_cow
on 06/04/2013, 16:40:53 UTC
I really like those political/economic cartoons edited for crpytocurrencies.  Here is my contribution.

http://i.imgur.com/BxZpwan.jpg
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Board Beginners & Help
Re: Mine Bytecoin
by
holy_cow
on 06/04/2013, 04:18:43 UTC
Err...maybe it should be Lytcoin?  (lit-coin)
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Re: Mine Bytecoin
by
holy_cow
on 06/04/2013, 04:14:44 UTC
I'm in for Lytecoin

Do u mean Litcoin?

No I mean Lytecoin.  If a Bitcoin spinoff is Bytecoin, a Litecoin spinoff should be Lytecoin.
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Re: Mine Bytecoin
by
holy_cow
on 05/04/2013, 21:21:54 UTC
I'm in for Lytecoin
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Re: So if I wanted to cash out 10,000 BTC where would I do that?
by
holy_cow
on 05/04/2013, 21:17:29 UTC
That's like saying if you want to buy crack go to a crackhouse

Sorry I didn't know you were looking for a high scale, lives on the 102nd floor type of crack dealer.
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Re: FREE BITCOIN Sites *and* Free Newbie Lotto
by
holy_cow
on 05/04/2013, 21:15:57 UTC
VVVVVV