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781  Economy / Speculation / Re: I cannot believe the price does not move after NYSE news on: May 21, 2015, 12:28:10 AM
There is a short document somewhere in the NYSE site that describes the their bitcoin price index.  It is some kind of day average, computed (by a secret formula) from data provided by an extensive list of bitcoin exchanges whose names begin with "Coin", end with "base", and are at most 8 letters long.

The price is updated daily at 16:00:00 UTC (4 pm London time), weekdays only.

It seems very useful, for what I cannot say.
782  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2015, 11:55:45 PM
Bitcoin Tracker One (BITCOIN-XBT) daily trading summary:

Date       ! SpN_LO ! SpN_HI !   VNOT !    VBTC !       VSEK !     SpN !  SpU !    UpB ! OBS
-----------+--------+--------+--------+---------+------------+---------+------+--------+-----
2015-05-18 |   9.66 |   9.73 | 189783 | 948.915 | 1837195.92 | 9.68051 | 8.24 | 234.96 |     
2015-05-19 |   9.61 |   9.72 | 109376 | 546.880 | 1057572.27 | 9.66914 | 8.35 | 231.60 |     
2015-05-20 |   9.68 |   9.79 |  90988 | 454.940 |  886232.68 | 9.74011 | 8.35 | 233.30 |     
-----------+--------+--------+--------+---------+------------+---------+------+--------+-----

Data from the BITCOIN-XBT page at NetFonds.se.

SpN_LO = Lowest price (SEK/note) in specified day.

SpN_HI = Highest price (SEK/note) in the specified day.

VNOT = Number of notes (shares) traded in day.

VBTC = Trade volume in BTC, ignoring fees = VNOT/200.

VSEK = Trade volume in SEK (sum over all trades of num of notes times price per note).

SpN = Average note price in SEK for that day = VSEK/VNOT.

SpU = Assumed SEK/USD currency exchange rate (typically from Google at end of that day).

UpB = Average implied USD/BTC price ignoring fees = SpN*200/SpU
783  Bitcoin / Hardware / Re: A bitcoin miner in every hand on: May 20, 2015, 11:39:51 PM
When all costs are considered, electricity from an on-board battery is a lot more expensive than electricity from a wall outlet, and absurdly more valuable for the owner of the device.  Therefore, placing miners on mobile devices like smarthphones, tablets, or laptops makes no economic sense.

Moreover, I cannot imagine any advantage of phsically attaching a mining device to some other device with a different function, except water or space heating.   There is a thing called "internet" that allows a device to send information to another device anywhere in the world; and a system called "bitcoin" that is supposed to allow bitcoins to be sent through the internet, even if  the two parties are not connected to the internet at the same time.

So, instead of having 10 mining chips scattered around, firmly attached to my devices, I could have one mining rig with 10 chips sitting anywhere it is more convenient (for example, in my water heater, or in the attic of my summer home in Iceland), sending bitcoins to other devices if, where, and when needed.  The centralized rig would certainly be more efficient, could work at steady pace 24/7, use optimized power supply -- and would not burden the other devices with power load, extra heating, board space, etc..  Physically attaching a mining chip to a router makes as much practical and economic sense as attaching a water filter to a toaster, or a lawn mower to a car.

I cannot make sense either of the fuzzy idea that, with miner chips, devices would be able to get revenue to do micropayments for the services they use, or to generate satoshis for "Wide World Ledger" applications like colored coins, authentication, timesamping, etc.  It will be impossible to exactly match the bitcoins produced by a device to its needs: if the device does not run out of bitcoins, it will generate a surplus of them.  My water heater could generate a lot more bitcoins than my laptop, but will hardly need them; whereas my laptop wil probably will need them the most.

So, if my devices had embedded miners, they would have to pool their bitcoin streams and share them on the basis of need; and possibly topped up with purchased bitcins.   Which, again, is better done with a centralized mining rig than with independent miners.  (By the way, in most higher organisms, from corporations to computers to humans, evolution has found it better to use specialized units for the generation of "revenue" (money or energy), separate from units devoted to other functions that spend from that "revenue".)

Finally, adding a mining chip to a battery charger makes it much more complicated, functionally.  Instead of just taking AC 120 V and putting out DC 6 V, a "miner-enhanced" charger will have to communicate with 21.co servers, manage a wallet, interact with other devices, authenticate itself, etc..  Even if most of that complexity is hidden from the owner, enough of it will be exposed to require some of his attention and time.  Which are much more expensive than the electricity or the chip itself...
784  Economy / Speculation / Re: KncMiner XBT: 131 BTC traded at 232.63$ on: May 20, 2015, 05:51:32 PM
[ last updated on 2015-05-21 ]

Bitcoin Tracker One (BITCOIN-XBT) notes -- daily trading summary:

Date       ! SpN_LO ! SpN_HI !   VNOT !    VBTC !       VSEK !     SpN !  SpU !    UpB ! OBS
-----------+--------+--------+--------+---------+------------+---------+------+--------+-----
2015-05-18 |   9.66 |   9.73 | 189783 | 948.915 | 1837195.92 | 9.68051 | 8.24 | 234.96 |     
2015-05-19 |   9.61 |   9.72 | 109376 | 546.880 | 1057572.27 | 9.66914 | 8.35 | 231.60 |     
2015-05-20 |   9.68 |   9.79 |  90988 | 454.940 |  886232.68 | 9.74011 | 8.35 | 233.30 |     
2015-05-21 |   9.74 |   9.79 | 135233 | 676.165 | 1319500.95 | 9.75724 | 8.32 | 234.55 |     
-----------+--------+--------+--------+---------+------------+---------+------+--------+-----

Data from the BITCOIN-XBT page at NetFonds.se.

SpN_LO = Lowest price (SEK/note) in specified day.

SpN_HI = Highest price (SEK/note) in the specified day.

VNOT = Number of notes (shares) traded in day.

VBTC = Trade volume in BTC, ignoring fees = VNOT/200.

VSEK = Trade volume in SEK (sum over all trades of num of notes times price per note).

SpN = Average note price in SEK for that day = VSEK/VNOT.

SpU = Assumed SEK/USD currency exchange rate (typically from Google at end of that day).

UpB = Average implied USD/BTC price ignoring fees = SpN*200/SpU
785  Bitcoin / Hardware / Re: 21e6, LLC - Secretive ASIC manufacturer that raised $5 million on: May 20, 2015, 01:34:33 PM
The more interesting thing was the 0.22 w/GH 22nm chip, 2.5 times more efficient than the latest generation miners.
If they already have that and are running them they're making good profit.

Is it known how many GH/s does that chip put out?  Any guesses about the size and manufacturing cost of the chip?
786  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2015, 11:03:11 AM
I would love to see a (betting) site with the prediction of next bitcoin bubble top - it would be so wrong.

This may be of interest:
https://bitcointalk.org/index.php?topic=1012254.0
787  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: May 20, 2015, 11:00:08 AM

On 2015-01-13, the owner said that he was working on a complete rewrite of the site:

All updates I'm going to publish with the new version. The current version will not be improved except there is critical bug.

He hasn't been very active on this forum lately:

Last post: 2015-02-07
Last active:    2015-05-01
788  Economy / Speculation / Re: KncMiner XBT: 546 BTC traded at 232.6$, 50% volume less than Yersterday on: May 20, 2015, 10:45:42 AM
day 1 history : 949 BTC (189783 shares) traded at 232.84$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 updated

Beware that the SEK:USD exchange rate is changing quite a bit.  It was ~8.22 SEK/USD on 2015-05-18,
but ~8.32 on 2015-05-19 and already ~8.35 today.  So the USD/BTC price for yesterday is a bit lower.

http://www.xe.com/currencycharts/?from=USD&to=SEK&view=1W
789  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 19, 2015, 09:44:14 PM
On the new NYSE Bitcoin Price index:
https://www.nyse.com/publicdocs/nyse/indices/NYSE_Bitcoin_Index_Methodology.pdf

Quote
There is currently (1) Exchange/Venue whose bitcoin transaction data is included in the calculation
of the Index:

* Coinbase Exchange  https://exchange.coinbase.com/

[ ... ]

The NYSE Bitcoin Index will be calculated utilizing a proprietary, rules-based formula that is
maintained and overseen internally by the NYSE Index Committee [ and reviewed and updated quarterly ].
The logic utilized for the derivation of the daily index level is intended to analyze a large amount of
actual Bitcoin transactional data, verify and refine the data set, and yield an objective, fair-market
value of (1) bitcoin as of 4 PM U.K. time each weekday, priced in U.S. Dollars (USD)

Well, this will surely stabilize the bitcoin price.  No more wild swings of 50 or 100 dollars within a day, or the traditional weekend dumps and rallies.

I suppose that all of you will henceforth use this price index to guide your trading, instead of those silly real-time charts.

 Grin Tongue Cheesy
790  Economy / Speculation / Re: SecondMarket Bitcoin Investment Trust Observer on: May 19, 2015, 07:17:09 PM
There is now a bid by ATDF for 10'000 shares at 0.01 $/share (0.10 $/BTC).  And also a sell offer by them for 100 shares at 101.00 $/share (1010 $/BTC).

Are they making fun of the market, or what?
791  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 19, 2015, 06:07:26 PM
Stolfi, I was asking for the "Major Bitcoin News website" that confused one European nation with another. Sounds vague and made up to me. But I guess it doesnt matter now.

http://bravenewcoin.com/news/xapo-moves-headquarters-to-switzerland/

Quote
Switzerland has long been known as place that respects financial privacy, but that may not be true for Bitcoin companies who reside in the country. BTCX, a Swedish Bitcoin exchange, said in March that local tax authorities requested extremely “intrusive” data of 20,000 customers. ... said BTCX CEO Christian Ander at the time to a local media outlet, DN.se. “We are wondering if this situation is exactly what the Swedish Tax Authority is looking for, or if they do not know what [ ... ]

EDIT: As a redditor observed, Sweden is not Switzerland, just as USA is not USB.
792  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 19, 2015, 05:57:07 PM
Bitcoin Tracker One (BITCOIN-XBT) daily trading summary:


Date       !  PRLO !   PRHI !   VNOT !       VSEK !      SPNX ! SPUX !   UPBX ! OBS       
-----------+-------+--------+--------+------------+-----------+------+--------+-----------
015-05-18  |  9.66 |   9.73 | 189783 | 1837195.92 |   9.68051 | 8.24 | 234.96 |           
015-05-19  |  9.61 |   9.72 | 109376 | 1057572.27 |   9.66914 | 8.35 | 231.60 |           
-----------+-------+--------+--------+------------+-----------+------+--------+-----------


Data from the BITCOIN-XBT page at NetFonds.se.

PRLO = Lowest price in specified day.

PRHI = Highest price in the specified day.

VNOT = Number of notes (shares) traded in day.

VSEK = Trade volume in SEK (sum over all trades of num of notes times price per note).

SPNX = Average note price in SEK for that day = VSEK/VNOT.

SPUX = Assumed SEK/USD currency exchange rate (typically from Google at end of that day).

UPBX = Average implied USD/BTC price ignoring fees = SPNX*200/SPUX
793  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 19, 2015, 07:42:16 AM
This is how all markets work, what's your point?

That old ladies are in fact (a notable part of) the Chinese traders and investors who are still determining the price of bitcoin...
794  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 19, 2015, 07:12:49 AM
I bet that the old ladies in China who define the price of bitcoin have never heard of either.
Heh, that actually got a chuckle out of me. You gonna show us that article, or is it another "me telling you so is proof" shit you usually go with when asked to demonstrate something?

I already posted many times this article, that describes the typical Chinese traders and investors who caused the Nov/2013 rally:

Christian Science Monitor 2013-12-06
Why the Chinese can't get enough of Bitcoin - despite bank ban
http://www.csmonitor.com/World/Asia-Pacific/2013/1206/Why-the-Chinese-can-t-get-enough-of-Bitcoin-despite-bank-ban

Every trader should be aware of that information.  Understandably, it is never mentioned by the bitcoin "news" media or the Antonopouloses, Winklegosses, Andreessens, Sielberts, etc..  Do I need to explain why?

A briefer but more specific description of those traders and investors is in that talk by Huobi's Wendy Wang that I posted earlier, around the 00:14:00 mark.

Later in that talk she gives some interesting gossip about the mining situation in China and the mining pool that they manage (Discus Fish, IIRC).
795  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 19, 2015, 04:00:10 AM
-dumps                    -no effect
-Stocholm nasdaq      -no effect
-21 coming-out          -no effect
-long-term-trendlines  -no effect

it is funny.

I read the other day an article in a major bitcoin newssite that confused Sweden with Switzerland.  But at least the reporter knew that they are countries, or a country, whatever.  I bet that the old ladies in China who define the price of bitcoin have never heard of either.
796  Bitcoin / Bitcoin Discussion / Re: It's Happening .... The secrets of 21 inc revealed, and its what we hoped for. on: May 18, 2015, 11:33:47 PM

Are there any numbers?  Like, "We expect to produce and deploy N zillion chips in the next 5 years, which will increase the total world's hashpower to P mongohashes per second, so that your toaster will mine K thousand BTC every morning, unless you would rather have light toast."
797  Economy / Speculation / Re: $GBTC Speculation, Information, and Cogitation on: May 18, 2015, 09:56:11 PM
BIT shares (GBTC) daily trading summary:


           !   OTX !   OTX !   FRT !    FRT !    FRT !        FRT !       FRT !    
Date       !  PRLO !  PRHI !  PRLO !   PRHI !   VSHR !       VUSD !      PRAV ! OBS
-----------+-------+-------+-------+--------+--------+------------+-----------+----------
2015-05-04 | 37.98 | 42.00 |   .   | 200.00 |    765 |        .   |    .      | (*0)(*1)
2015-05-05 | 55.00 | 94.86 | 50.00 | 175.00 |    435 |   32198.00 |  74.01839 | (*0)
2015-05-06 |   .   |   .   | 65.00 |  68.00 |    125 |    8268.50 |  66.14800 | (*0)
2015-05-07 | 40.00 | 66.00 | 40.00 |  86.00 |   2844 |  163651.00 |  57.54255 |    
2015-05-08 | 49.00 | 59.00 | 49.00 |  59.00 |  14807 |  750019.70 |  50.65305 |    

2015-05-11 | 50.00 | 57.95 | 49.50 |  57.95 |   2756 |  143247.34 |  51.97654 |    
2015-05-12 | 49.00 | 50.01 | 49.00 |  52.25 |   2286 |  113299.25 |  49.56223 |    
2015-05-13 | 49.00 | 49.00 | 49.00 |  50.00 |    327 |   16113.10 |  49.27554 |    
2015-05-14 | 44.00 | 49.00 | 44.00 |  49.95 |  20894 | 1004923.74 |  48.09628 | (*2)
2015-05-15 | 38.00 | 45.00 | 38.00 |  45.00 |   2320 |   97444.35 |  42.00188 |    

2015-05-18 | 27.15 | 38.00 | 27.15 |  38.00 |   4950 |  158115.83 |  31.94259 |    
2015-05-19 | 27.90 | 29.50 | 27.89 |  29.90 |   4308 |  122327.92 |  28.39552 | 


"OTX" data from the GBTC quote page at OTCQX.
"FRT" data from the Freerealtime site, except those flagged (*0) and (*1) (see below).

PRLO = Lowest price in specified day.

PRHI = Highest price in the specified day.

VSHR = Number of shares traded in day.

VUSD = Trade volume in USD (sum over all trades of num of shares times price per share).

PRAV = Average price in day = VUSD/VSHR.

OBSERVATIONS:

(*0) The "FRT" price range for this entry was obtained from this post.

(*1) For 2015-05-04, the values of PRLO, VSHR, VUSD, and PRAV could not
be determined; the value of VSHR was taken from the OTCQX page.

(*2) The summary pages at OTCQX and FreeRealTime.com say 19894, but
adding the FreeRealTimes list of trades we get 20894 (1000 more). The
VSHR value given is the latter. There were 2 trades near the end of the
day; perhaps one was undoing the other?

798  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2015, 03:10:14 PM
Youtube has an interesting talk by Wendy Wang of Huobi, about their history.  I haven't seen it all yet, but at ~00:14:00 she describes the typical Huobi customer who drove the Nov/2013 bubble.
799  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2015, 02:41:49 PM
60 coins more till 1k BTC are traded on the first day on BITCOIN XBT

where do you see that?

Netfonds BITCOIN-XBT summary page

Netfonds BITCOIN-XBT trade log page


"Volym" in these Netfonds pages is in notes (similar to the BIT shares;  1 note = ~1/200 of BTC). 

On the NASDAQ page, once again, the "Turnover" is in Swdish crowns (SEK).
800  Economy / Speculation / Re: KncMiner XBT: 851 BTC traded at 235.26$ on: May 18, 2015, 02:34:32 PM
It tracks the price faithfully.

Well, minus the fee (2.5 %/year, compounded).
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