This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2016-10-31 10:01:06] wurstgelee : used 0.7 btc to mine 1.15 zec so far (nicehash, not even trying to get cheap orders)
[2016-10-31 10:01:29] wurstgelee : to whom it may concern ;)
[2016-10-31 10:02:04] aethlios : so we can arb.....
[2016-10-31 10:02:46] wurstgelee : yeah. also its easy money
[2016-10-31 10:03:14] wurstgelee : would probably have been possible for .5 per ZEC easily
[2016-10-31 10:03:30] wurstgelee : home rig owner for less than that
[2016-10-31 10:03:35] wurstgelee : selling pressure still is there for sure =)
[2016-10-31 10:10:19] wurstgelee : i am bored, going to throw some more btc @ hashes
[2016-10-31 10:11:04] aethlios : https://www.cryptocompare.com/mining/calculator/zec is this legit?
[2016-10-31 10:11:39] aethlios : kSol/s is 1000 H/s ???
[2016-10-31 10:12:32] habibi : rather 1000 Sol/s
[2016-10-31 10:14:46] wurstgelee : yek
[2016-10-31 10:14:57] wurstgelee : 1kSol=1000Sols
[2016-10-31 10:15:22] DangerandPlay : (it's absolute bollocks. am mining myself and it's slow-going)
[2016-10-31 10:15:43] wurstgelee : DangerandPlay: ?
[2016-10-31 10:15:51] wurstgelee : could u elaborate?
[2016-10-31 10:16:16] aethlios : now 1 ksol is 0.115 on nice hash and pays 0.23 zcash, with 0.65 is 0.15, so around 30% profit
[2016-10-31 10:16:26] aethlios : if i am right.....
[2016-10-31 10:16:43] aethlios : http://www.coinwarz.com/ this i used
[2016-10-31 10:17:11] aethlios : nicehash has usa and europe, usa is cheaper
[2016-10-31 10:17:32] DangerandPlay : sorry, at work atm. can't say much but i will say that i am generating 200 sols/second and since saturday evening have only generated 0.0188 zcash.
[2016-10-31 10:17:44] DangerandPlay : maybe something's fucked on my side
[2016-10-31 10:17:46] DangerandPlay : :-/
[2016-10-31 10:18:12] wurstgelee : DangerandPlay: no. that seems correct. i had 15kSol for ~ 9 h to mine 1.15
[2016-10-31 10:18:28] DangerandPlay : hugely disappointing
[2016-10-31 10:18:51] DangerandPlay : my expectations were probably too high
[2016-10-31 10:19:09] DangerandPlay : switch my rigs to mining eth? :)
[2016-10-31 10:19:53] wurstgelee : i have no clue about mining profitabilty, i dont usually mine at all
[2016-10-31 10:20:05] wurstgelee : rented some hash @ nciehash for testing purposes
[2016-10-31 10:20:06] wurstgelee : thats all
[2016-10-31 10:26:49] REKT : Liquidated long on `ZECZ16`: Sell 1 @ 0.280501
[2016-10-31 10:26:49] REKT : Liquidated long on `ZECZ16`: Sell 1 @ 0.241572
[2016-10-31 10:29:26] wurstgelee : löl :)
[2016-10-31 10:29:55] kradiav : was expecting more :(
[2016-10-31 10:34:22] wurstgelee : dumping lower would be really dumb imo
[2016-10-31 10:35:38] public username 321 : lol, the spread on zec is big enough for a elephant to pass through
[2016-10-31 10:35:44] kradiav : not more down, just more liquidations
[2016-10-31 10:36:15] allyourbase : ZEC should be below 0.1 soon
[2016-10-31 10:38:10] wurstgelee : i am hashing away @ 100kSol/s now ;)
[2016-10-31 10:44:17] EA_FTW : Wow, that's 4% of the total network hashrate!
[2016-10-31 10:46:52] wurstgelee : thats how bored i am at work today
[2016-10-31 10:46:59] wurstgelee : 4% nethash bored
[2016-10-31 10:47:01] wurstgelee : ;)
[2016-10-31 11:06:33] EA_FTW : Nice, so the profitability is currently ~30%? Might give it a go. Have to hope that the price on Poloniex doesn't drop more than 30% during the life of the contract I guess (how long is yours?)
[2016-10-31 11:08:27] EA_FTW : Also have to wait until after 1pm to get my BTC out of here. Guess the arb opportunity might've gone by then..
[2016-10-31 11:09:35] wurstgelee : EA_FTW: dont know if i reach 30% but doesnt look like a loss unless it dumps a lot in the coming 2-3 hours
[2016-10-31 11:13:49] EA_FTW : Cool, surprised more people aren't doing this already (guess I should probably stop talking!)
[2016-10-31 11:14:44] wurstgelee : tehre comes a risk with it, thats probably why.
[2016-10-31 11:15:01] wurstgelee : takes a while from actual mining until the mined zec finally arrive @ some exchange
[2016-10-31 11:15:14] wurstgelee : especially with pool mining
[2016-10-31 11:15:25] wurstgelee : could easily dump in the meantime...
[2016-10-31 11:16:11] EA_FTW : Ah, ok, how long do the payouts take? Have you got any yet?
[2016-10-31 11:17:29] wurstgelee : just sold .9something ZEC @ polo
[2016-10-31 11:17:31] wurstgelee : few minutes ago
[2016-10-31 11:17:33] wurstgelee : ;)
[2016-10-31 11:19:11] EA_FTW : cool
[2016-10-31 11:30:35] DangerandPlay : is ETH going to go down over the next few days/weeks as mining diverted to Zcash? I have a short position open. i'm up 1 BTC.
[2016-10-31 11:35:03] kradiav : so comparing a dried up shit with a fresh shit :D
[2016-10-31 11:35:39] DangerandPlay : possibly
[2016-10-31 11:38:03] wurstgelee : depends a lot on what BTC is up to next imo
[2016-10-31 11:38:29] wurstgelee : i ahven't been touching ETH for quite a while now tho, so more or less out of the loop there
[2016-10-31 11:42:48] wurstgelee : mined 2 ZEC with 1.25 BTC so far
[2016-10-31 11:45:47] kumarz : wurstgelee: ooh, that's tight! You could easily be in the red if ZEC tanks below 0.63... Are u converting straight to BTC? exchange fees dilute the profit a bit, no?
[2016-10-31 11:46:23] wurstgelee : kumarz: yeah. it would be possible to mine cheaper tho. i guess at least 10-15% cheaper
[2016-10-31 11:46:38] wurstgelee : i took the lazy path and used 50% fixed orders for example
[2016-10-31 11:46:47] kumarz : On your own hardware huh @wurstgelee
[2016-10-31 11:46:53] kumarz : Ah I see
[2016-10-31 11:47:03] wurstgelee : nicehash
[2016-10-31 11:47:20] kumarz : Nah I mean cheaper @ own hardware
[2016-10-31 11:47:25] wurstgelee : even if i had own mining hardware, i wouldnt have enough for 100kSol i guess ;)
[2016-10-31 11:47:32] wurstgelee : kumarz: yes
[2016-10-31 11:47:33] kumarz : Lol tru
[2016-10-31 11:48:09] kumarz : Acc to coinwarz digicash x10 b has a better reward, but I think hardware use would be different
[2016-10-31 11:48:24] kumarz : Dunno if u can still use sols to the same advantage
[2016-10-31 11:48:28] wurstgelee : i dont usually mine, havent been doing it for at least a year.
[2016-10-31 11:48:38] wurstgelee : mining zcash was for experimental purposes
[2016-10-31 11:48:40] wurstgelee : ;)
[2016-10-31 11:49:07] wurstgelee : had no clue if and how profitable mininig is...now i know
[2016-10-31 11:49:25] kumarz : Me neither, always found it more profitable and simpler to just trade ... Each to their own eh :D @wurstgelee
[2016-10-31 11:49:40] wurstgelee : exactly. ;)
[2016-10-31 11:50:00] kumarz : wurstgelee: well it won't be for long, so only a little punt really, just like a cheeky trade hehe
[2016-10-31 11:50:32] wurstgelee : i plan to get over with it in 2-3 h
[2016-10-31 11:50:32] Gemz : at mod, can i cancel my withdrawal still? i did confirm the withdrawal tho
[2016-10-31 11:50:45] wurstgelee : yes.
[2016-10-31 11:50:50] wurstgelee : Gemz: you can
[2016-10-31 11:51:40] habibi : Account --> click on X next to withdraw
[2016-10-31 11:52:03] habibi : next to withdrawal details *
[2016-10-31 11:59:05] Gemz : habibi: i dont see withdraw details, my status says completed tho
[2016-10-31 12:00:03] Gemz : o wait already received them so cant cancel
[2016-10-31 12:00:23] BitMEX_Wally : Yes, we sometimes do an extra batch of withdrawals early in the day
[2016-10-31 12:01:05] BitMEX_Wally : We will do the next batch in about an hour
[2016-10-31 12:10:05] CapitalGains : Mod, I have a question regarding liquidations. With 1x leverage going long, you shouldn't be liquidated right, even if the price drops 90%, because your margin should cover 100%. Am I right?
[2016-10-31 12:12:23] BitMEX_Wally : CapitalGains: This is correct for linear futures like the altcoins yes
[2016-10-31 12:13:33] CapitalGains : Thanks. ZEC is linear, I presume?
[2016-10-31 12:17:33] BitMEX_Wally : Yes, it is just XBT and XBJ that are inverse
[2016-10-31 12:17:45] BitMEX_Wally : With those if you are 1x short you can never be liquidated
[2016-10-31 12:19:59] wurstgelee : you can? no?
[2016-10-31 12:20:02] wurstgelee : because of funding?
[2016-10-31 12:22:30] BitMEX_Wally : If you were 1x short XBTUSD and there was negative funding then theoretically it is possible
[2016-10-31 12:22:54] BitMEX_Wally : But if you are 1x short XBTZ16 or XBJ24H etc then you cannot be liquidated. Your liquidation price is infinity
[2016-10-31 12:26:22] sally : BitMEX_Wally: hey my question is if we mark to polo price here and if polo is 3 btc does that mean here is 3 btc?
[2016-10-31 12:27:55] chromaticcr1 : generally no, for rapidtrades yes
[2016-10-31 12:29:30] rasdasd : BitMEX_Wally: when is next btc withdrawal
[2016-10-31 12:30:52] chromaticcr1 : cutoff in 30 minutes
[2016-10-31 12:33:16] chromaticcr1 : there is a countdown next to "13:00 UTC" on the withdraw page
[2016-10-31 12:36:17] wurstgelee : can we dip to 3750 now please? preferably lower
[2016-10-31 12:36:18] wurstgelee : ;)
[2016-10-31 12:45:56] rapidtrades : i see retards here are still dumping the one true coin
[2016-10-31 12:46:47] rapidtrades : we're never gonna reach that 1000 zec volume at this rate...btc volume keeps dropping
[2016-10-31 12:47:07] mjones : bummer
[2016-10-31 12:47:21] mjones : but that just means running low on sellers and that pump we keep talking about will happen
[2016-10-31 12:47:23] rapidtrades : it was an unreasonably high bar but that's what u can expect from an exchange that put a f*cking cap on the prices
[2016-10-31 12:47:51] rapidtrades : 24hr Volume: 699.80301446 BTC / 793.46062797 ZEC
[2016-10-31 12:48:01] rapidtrades : it was over 3000 BTC on day1
[2016-10-31 12:50:31] CapitalGains : In a week's time there should be plenty more ZEC on the market - it's the ZEC slow start to mining to blame for the prices still being so high. And I think the volume on Polo is so low because the smart money is not involved at this price.
[2016-10-31 12:51:42] mjones : a lot more contracts open here and price hasnt moved.
[2016-10-31 12:52:36] rapidtrades : CapitalGains: mining doesn't matter, most of volume on exchange is done by speculators
[2016-10-31 12:52:56] rapidtrades : day1 we had over 3k volume in BTC even tho barely any coins were mined
[2016-10-31 12:53:34] rapidtrades : as time goes on ppl will lose more interest and volume will drop
[2016-10-31 12:53:42] CapitalGains : Yes but all the stupid money which bought in at 10 BTC + now belongs to the people who mined the first 100 ZEC that went to Polo.
[2016-10-31 12:54:20] rapidtrades : thank u for ur stupid opinion
[2016-10-31 12:56:37] messiaen8844 : rapid: what do you expect price to be on December for zec?
[2016-10-31 12:57:31] aethlios : below 0.05 on dec. 30
[2016-10-31 12:58:11] laisee : 0.88BTC
[2016-10-31 12:58:47] rapidtrades : messiaen8844: 0.8
[2016-10-31 12:59:23] rapidtrades : also whhy do u keep asking what will price be on dec30...who cares
[2016-10-31 12:59:33] rapidtrades : this isn't a fu*cking option, its a futures contract
[2016-10-31 12:59:45] messiaen8844 : that's about $200 million market cap
[2016-10-31 12:59:54] rapidtrades : sounds small tbh
[2016-10-31 12:59:59] rapidtrades : so 1.6 then
[2016-10-31 13:00:18] rapidtrades : this will be bigger then XMR at its height
[2016-10-31 13:00:52] messiaen8844 : might, question is, when?
[2016-10-31 13:01:06] wurstgelee : 13:58 - laisee: 0.88BTC
[2016-10-31 13:01:09] wurstgelee : not too off imo
[2016-10-31 13:01:11] wurstgelee : ;)
[2016-10-31 13:01:26] messiaen8844 : system seems bootstrap to
[2016-10-31 13:01:40] messiaen8844 : a) give incentive for miners to join first
[2016-10-31 13:01:48] messiaen8844 : b) investors to wait
[2016-10-31 13:02:05] rapidtrades : is everything working fine? pools said devs did some last min change to code so they couldn't mine
[2016-10-31 13:02:15] messiaen8844 : there is a few issues
[2016-10-31 13:02:22] messiaen8844 : confirming transactions
[2016-10-31 13:02:36] messiaen8844 : you can see pull request in github
[2016-10-31 13:02:40] messiaen8844 : for updated discussion
[2016-10-31 13:02:48] rapidtrades : no tnx
[2016-10-31 13:03:10] messiaen8844 : XMR taught us something about dark markets
[2016-10-31 13:03:16] messiaen8844 : it's more about speculation than real use case
[2016-10-31 13:03:37] rapidtrades : agree
[2016-10-31 13:03:55] rapidtrades : but the hype for this coin was much bigger...XMR came out of nowhere
[2016-10-31 13:04:08] messiaen8844 : XMR was a pump and dump, will go back to 0.002
[2016-10-31 13:04:13] messiaen8844 : 2 yaers of accumulation
[2016-10-31 13:04:23] rapidtrades : it still pumped tho
[2016-10-31 13:04:33] messiaen8844 : ZCASH might get a pump ina few months
[2016-10-31 13:04:36] wurstgelee : xmr didnt come out of nowhere. coordinate, well organized exit pump prior to zcash
[2016-10-31 13:04:38] messiaen8844 : unsure about it now
[2016-10-31 13:04:42] wurstgelee : *d
[2016-10-31 13:04:58] rapidtrades : wurstgelee: cmon...there was no hype about it
[2016-10-31 13:05:22] rapidtrades : we had a 'futures' for ZEC few months before launch, thats hype
[2016-10-31 13:05:34] wurstgelee : there was. hype ensued once whales had accumulated enough.... xmr addition to alphabay and co?
[2016-10-31 13:05:48] messiaen8844 : on the other hand, I hope bitmex keeps their promise about 1000 zec volume and mark price
[2016-10-31 13:06:11] rapidtrades : that rule implies a low ZEC price tho
[2016-10-31 13:06:16] wurstgelee : dont forget "healthy deposits and withdrawals"
[2016-10-31 13:06:21] messiaen8844 : but even with mark price market maker might just keep the current levels
[2016-10-31 13:06:27] wurstgelee : i can confirm deposits are healthy tho, i had some to polo :p
[2016-10-31 13:06:46] rapidtrades : wurstgelee: at the 24h notice we can activate plan fury2
[2016-10-31 13:06:51] rapidtrades : AKA pump to polo price
[2016-10-31 13:06:57] wurstgelee : ;)
[2016-10-31 13:07:27] rapidtrades : so when the mark happens, it will be on actual market price not 66% discount
[2016-10-31 13:09:26] wurstgelee : after all its still a future so with current overall sentiment,and given the reward schedule, it will probably still be way below mark. just not as much as now
[2016-10-31 13:09:38] wurstgelee : also spread getting smaller as time goes by oc...
[2016-10-31 13:09:40] wurstgelee : *ofc
[2016-10-31 13:09:45] rapidtrades : agree...this is redic
[2016-10-31 13:10:03] rapidtrades : only reason we're this low is shorts have a free put option
[2016-10-31 13:10:48] wurstgelee : mostly because general opinion is 0.1 or lower @ dec 30th
[2016-10-31 13:10:55] wurstgelee : at least according to twitter polls ;)
[2016-10-31 13:11:37] rapidtrades : maybe..but 've never seen a futures here trade so low
[2016-10-31 13:11:53] rapidtrades : and we've seen some harsh drops in ET, XMR etc
[2016-10-31 13:13:22] rapidtrades : wurstgelee: are u mining? how did u get ZEC
[2016-10-31 13:14:22] wurstgelee : rapidtrades: i decided to mine with 1 btc @ nicehash last night. mostly because i was bored and wanted to know how profitabilty is atm for average miners
[2016-10-31 13:14:37] rapidtrades : and?
[2016-10-31 13:14:39] wurstgelee : this went better than expected (30% profit)
[2016-10-31 13:14:46] wurstgelee : so i added another 2 btc
[2016-10-31 13:14:48] rapidtrades : nice
[2016-10-31 13:14:52] wurstgelee : i am ~ 5% nethash atm
[2016-10-31 13:15:07] rapidtrades : lol ur 5% of ZEC hash?
[2016-10-31 13:15:10] wurstgelee : yep
[2016-10-31 13:15:20] rapidtrades : dam with 3 btc?
[2016-10-31 13:15:25] wurstgelee : easily
[2016-10-31 13:15:28] rapidtrades : that's not very encouraging
[2016-10-31 13:15:40] wurstgelee : well.those 3 btc are used up in 6 or 7 hours tho
[2016-10-31 13:16:02] wurstgelee : thats quite fast
[2016-10-31 13:16:24] wurstgelee : also u have the risk of zec dumping since pools take hours to confirm ur mined coins
[2016-10-31 13:16:37] wurstgelee : several hours from actual mining the block to dumping those coins on polo
[2016-10-31 13:16:50] rapidtrades : so do i just buy some hash or does it require some tech knowledge
[2016-10-31 13:17:00] wurstgelee : no tech knowlege at all
[2016-10-31 13:17:08] wurstgelee : sec, i saw something on twitter that'll help explain
[2016-10-31 13:17:11] rapidtrades : it's on scrypt?
[2016-10-31 13:17:41] wurstgelee : rapidtrades: https://twitter.com/BTCKYLE/status/793010018505195520
[2016-10-31 13:17:46] wurstgelee : thats what i am doing
[2016-10-31 13:17:49] rapidtrades : tnx
[2016-10-31 13:17:50] wurstgelee : ZEC is equihash
[2016-10-31 13:17:52] wurstgelee : new algo
[2016-10-31 13:18:28] rapidtrades : at 30% it's worth iit to throw some play money at it...if it works out u can just reinvest
[2016-10-31 13:19:19] wurstgelee : still comes with some risk
[2016-10-31 13:19:31] wurstgelee : profitability seems to go down over last 2 hours
[2016-10-31 13:21:01] sally : its no longer profitable to mine zcash
[2016-10-31 13:22:47] rapidtrades : tnx for laying sally
[2016-10-31 13:24:14] rapidtrades : these mining contracts are prices weird...it seems cheapest to go with the smallest hash
[2016-10-31 13:24:48] sally : so many people have mining contracts
[2016-10-31 13:25:08] wurstgelee : sally: cloud mining isnt profitable, thats more than obvious
[2016-10-31 13:25:17] wurstgelee : people who bought those are screwed
[2016-10-31 13:25:36] wurstgelee : reg rentals or direct hash rentals like nicehash.com still are profitable to some extend
[2016-10-31 13:25:52] rapidtrades : sausage makes a good point sally
[2016-10-31 13:27:02] wurstgelee : *rig not reg ofc
[2016-10-31 13:34:58] wurstgelee : hash prices are 10-20% higher than 12h ago
[2016-10-31 13:35:21] Smartass : hi wurstgelee do you knwo what the deal is with hidden orders how that works?
[2016-10-31 13:35:33] sally : there is so much hash on it right now
[2016-10-31 13:35:39] Smartass : hope that you are not long anymore in Zec
[2016-10-31 13:35:54] sally : poor eth and etc lost so much mining too it
[2016-10-31 13:36:56] wurstgelee : someone opening a big short
[2016-10-31 13:37:10] wurstgelee : or closing a long...
[2016-10-31 13:37:13] wurstgelee : @ xbtusd
[2016-10-31 13:37:15] Smartass : haha no really not
[2016-10-31 13:37:43] wurstgelee : yeah, thought it was a bigger order tbh
[2016-10-31 13:37:43] Smartass : oh i thought you meant me because of the question about the hidden order..
[2016-10-31 13:37:47] wurstgelee : ;)
[2016-10-31 13:37:58] wurstgelee : that hidden @ 697.1
[2016-10-31 13:38:14] Smartass : so you know how those orders work? Tell me..
[2016-10-31 13:38:21] Smartass : all about it...
[2016-10-31 13:38:42] lopol : any information when zec mark price is tied to poloniex?
[2016-10-31 13:38:59] lopol : before that massive short squeeze is too risky option
[2016-10-31 13:39:43] Smartass : lopol: well it will be long time from now...
[2016-10-31 13:40:00] Smartass : Volume on Poloni is Faktor 7 away from requirement
[2016-10-31 13:40:24] lopol : what is requirement?
[2016-10-31 13:40:36] numero : need to be wary of plan fury2 as well
[2016-10-31 13:40:43] Smartass : 1000 Zec /day
[2016-10-31 13:43:20] BitMEX_Wally : https://blog.bitmex.com/site_announcement/note-on-zec-price-cap/
[2016-10-31 13:45:24] messiaen8844 : GDAX has enabled etc withdrwas lol
[2016-10-31 13:45:58] sally : BitMEX_Wally: so we are over the 1000zec trading now, does that mean it comes into effect?
[2016-10-31 13:46:59] BitMEX_Wally : According to Poloniex: 24hr Volume: 681.89128711 BTC / 793.71141598 ZEC
[2016-10-31 13:48:35] lopol : ZEC supply increases significantly following week so propably volume will be over 1000 ZEC after this week
[2016-10-31 13:48:58] REKT : Liquidated short on `XBTUSD`: Buy 4 @ 700.49 :punch: :whale:
[2016-10-31 13:49:01] TwinnerD : BitMEX_Wally: but you said that it should involve healthy deposits and withdrawals. That is not the case
[2016-10-31 13:49:04] sleger : only 3 coins on polo have volume > 1000
[2016-10-31 13:50:24] BitMEX_Wally : We are monitoring things and once we make a decision will announce
[2016-10-31 13:51:10] kradiav : BitMEX_Wally: with a day's warning, right?
[2016-10-31 13:51:35] TwinnerD : BitMEX_Wally: just make sure to consider the deposit/withdrawal situtation and not only the volume
[2016-10-31 13:51:47] TwinnerD : because if I trade 10 ZEC 100 times back and forth, thats 1000 zec volume too
[2016-10-31 13:51:55] sally : BitMEX_Wally: you guys said 1000 zec daily volume not 1000 zec volume on polo
[2016-10-31 13:52:08] sally : make up your fucking minds
[2016-10-31 13:52:30] rapidtrades : right sally is
[2016-10-31 13:53:04] rapidtrades : doesn't say polo on ur announcement
[2016-10-31 13:53:31] BitMEX_Wally : Yes we will give 24 hours notice
[2016-10-31 13:53:33] sally : get your shit together or your gonna destroy your reputation for good
[2016-10-31 13:53:33] rapidtrades : also u said we're moving to index
[2016-10-31 13:53:39] TwinnerD : read again, they said "to A (as in singular) exchange
[2016-10-31 13:53:57] sally : TwinnerD: they dont even know what they meant
[2016-10-31 13:53:58] rapidtrades : what other sites will be inc? so we monitor the volume
[2016-10-31 13:54:31] sally : rapidtrades: coinmarketcap its already well over 1000
[2016-10-31 13:55:07] BitMEX_Wally : These are necessary but not sufficient conditions, the decision is at our discretion
[2016-10-31 13:55:50] sally : BitMEX_Wally: this aint a game mate. These are contracts ffs and we are trading with real money
[2016-10-31 13:57:31] sally : if any of my accounts suffer for your incompetence I will sure seek recourse
[2016-10-31 13:57:49] rapidtrades : BitMEX_Wally: this is a f joke....do we really need to clear ur orderbook to prove how stupid this marking is
[2016-10-31 13:58:02] BitMEX_Wally : How is the last price marking negatively affecting you at the moment? Even if we switch to using Poloniex there will be a -300% basis rate so the mark price will not change
[2016-10-31 13:58:30] sleger : sally: why do you have multiple accounts ?
[2016-10-31 13:58:54] rapidtrades : BitMEX_Wally: not if we push price up first
[2016-10-31 13:59:04] BitMEX_Wally : Go on then, push it up
[2016-10-31 13:59:18] rapidtrades : only reason we're at 66% discoount is cos u capped us at 10
[2016-10-31 13:59:24] BitMEX_Wally : Really?
[2016-10-31 13:59:26] chromaticcr1 : BitMEX_Wally: make it your investment
[2016-10-31 13:59:37] chromaticcr1 : i mean @rapidtrades
[2016-10-31 13:59:38] BitMEX_Wally : The future price is 0.26 because it is capped at 10.00 ?
[2016-10-31 13:59:39] laisee : pls buy lots :-)
[2016-10-31 13:59:51] kradiav : rapidtrades: it's a future with 2 months to go... of course it's at what it is right now
[2016-10-31 13:59:59] rapidtrades : kradiav: idiot
[2016-10-31 14:00:03] EA_FTW : wurstgelee: just putting an order on at nicehash and the site goes down. Great.
[2016-10-31 14:00:17] kradiav : rapidtrades: butthurt
[2016-10-31 14:01:01] chromaticcr1 : i wonder how many idiots are here to stupid enough to be your counterparty, at 3BTC/ZECZ16 contract.
[2016-10-31 14:01:29] chromaticcr1 : greater fools, you'll be the greatest.
[2016-10-31 14:02:00] laisee : I'll buy that for a $
[2016-10-31 14:02:01] sally : futures capped at 10btc was no "error" or "bug"
[2016-10-31 14:02:17] chromaticcr1 : or in developer's term, "feature"
[2016-10-31 14:02:48] rapidtrades : its pointless to argue with ppl who hardcoded a price cap
[2016-10-31 14:03:31] rapidtrades : 'ppl came to rely on 10 cap'...yeah u, arthur and his buddies
[2016-10-31 14:03:42] BitMEX_Wally : The maxPrice has been 10 XBT for all XBT quoted contracts since they launched. It was originally so the price box would not overflow with a tick size of 10^-5
[2016-10-31 14:03:59] rapidtrades : still ur fault
[2016-10-31 14:04:25] sally : BitMEX_Wally: and how did anyone know that? You understand contracts yeah?
[2016-10-31 14:04:43] rapidtrades : there was nothinng in the terms
[2016-10-31 14:04:48] sally : You define these features in you contract
[2016-10-31 14:05:07] sally : all you muppets have done is prove to me and crypto that this is a bucketshop
[2016-10-31 14:05:30] chromaticcr1 : ** 10.1: All calculations performed by the BitMEX trading engine and as verified by BitMEX are final. **
[2016-10-31 14:05:38] chromaticcr1 : that's all
[2016-10-31 14:05:44] BitMEX_Wally : We will add `maxPrice` to the contract specification
[2016-10-31 14:05:53] rapidtrades : worse then bucketshop ....these ppl take a side
[2016-10-31 14:05:54] BitMEX_Wally : You cannot submit an order for XBTUSD with a price greater than 1,000,000 USD either
[2016-10-31 14:05:59] BitMEX_Wally : Just so you guys all know
[2016-10-31 14:06:11] sally : BitMEX_Wally: lmao. so your editing a contract at will
[2016-10-31 14:06:33] sleger : sooo that's why its trading at 700 !!!!! there is a cap as well
[2016-10-31 14:06:34] BitMEX_Wally : Either you want it defined in the contract or you don't
[2016-10-31 14:06:39] sally : BitMEX_Wally: so now we are on the inside. yeahhhh
[2016-10-31 14:06:43] sleger : bitmex is responsible for bitcoin not being 2000 already !!
[2016-10-31 14:06:48] rapidtrades : there's nothing can be done here unless u sue them
[2016-10-31 14:06:49] chromaticcr1 : lol
[2016-10-31 14:07:00] messiaen8844 : rapidtrades: let's go to seychelles fight them
[2016-10-31 14:07:08] messiaen8844 : great beatches also
[2016-10-31 14:07:12] messiaen8844 : *beaches
[2016-10-31 14:07:15] rapidtrades : this is why ppl like u wont be allowed to run an exchange few years from now
[2016-10-31 14:07:31] sally : well im from the US
[2016-10-31 14:07:34] rapidtrades : u've f*cked up the whole space...u snd buttfinex and mtgox
[2016-10-31 14:07:42] sally : seychelles dont mean shit to me
[2016-10-31 14:08:13] messiaen8844 : let's gang up and break their computers
[2016-10-31 14:08:17] aethlios : rapidtrades: you are worst than a complaining woman
[2016-10-31 14:08:20] chromaticcr1 : messiaen8844: how about b***ches ;) , so perhaps we can get to use the hookers and blow fund
[2016-10-31 14:08:29] chromaticcr1 : aethlios: +1
[2016-10-31 14:08:41] messiaen8844 : yeah, let's steal the insurance fund and go to seycheless have some fun
[2016-10-31 14:08:57] BitMEX_Wally : sally: Are you a US resident?
[2016-10-31 14:09:01] sally : lmao... "insurance fund" oh boy
[2016-10-31 14:09:06] sally : BitMEX_Wally: no
[2016-10-31 14:09:09] chromaticcr1 : BitMEX_Wally: ohhh
[2016-10-31 14:09:26] sally : quick, seize my funds
[2016-10-31 14:09:27] messiaen8844 : be careful answering that lol
[2016-10-31 14:10:03] kradiav : busted :D
[2016-10-31 14:10:25] sally : I can smell a shitstorm from a mile away
[2016-10-31 14:11:50] sally : how many people from the US trade here I wonder?
[2016-10-31 14:12:11] CapitalGains : Does anyone understand why the price here follows that on Polo despite being 0.4 BTC below it? I could understand if it were entirely separate (being a future), or entirely connected, but this mixture is confusing.
[2016-10-31 14:12:53] BitMEX_Wally : CapitalGains: Effectively people are paying an implied interest rate of 300% to borrow ZEC to short it
[2016-10-31 14:13:01] rapidtrades : bullshit
[2016-10-31 14:13:15] rapidtrades : they're paying for ur free put
[2016-10-31 14:14:32] aethlios : CapitalGains: this contract expires 30 dec. so price is the expected 30 dec. price, not today price. from how the spot moves and based on fundamentals etc. we try to constantly estimate that expected price.
[2016-10-31 14:14:53] chromaticcr1 : 300% is too cheap when compared to a 27000% inflation coin - 4% inflation on Bitcoin. *short it to da core*
[2016-10-31 14:15:41] arbitrage001 : i am taking the implied 300% rate
[2016-10-31 14:15:57] arbitrage001 : obviously, hard to tell who has the last laugh on dec 30th
[2016-10-31 14:16:09] aethlios : so when spot was 1000, future was 10, 990 btc spread, now spread only 0.40 btc, spread will diminish as we approach expiration
[2016-10-31 14:16:33] arbitrage001 : as soon as polo allow zcash shorting, i might hedge depend on the lending rate
[2016-10-31 14:16:50] arbitrage001 : or finex
[2016-10-31 14:17:01] sally : there will be no margin on polo for some time
[2016-10-31 14:17:04] arbitrage001 : will clear the order book here for you, rapid
[2016-10-31 14:17:04] aethlios : so bitmex trader are better informed than polo stupid bulls
[2016-10-31 14:17:37] rapidtrades : right...they're better informed what ZEC should trade at despite trading with BTC and hacing only 20% of the volume
[2016-10-31 14:17:40] aethlios : talking about zcash and don't watch btc action
[2016-10-31 14:17:40] rapidtrades : u retard
[2016-10-31 14:17:40] chromaticcr1 : i guess this conversation have kinda implied that we will have a basis around -300%, just to let you know, rapid, so you can at least get something back instead of thinking that we will be at spot + 0 basis.
[2016-10-31 14:17:52] REKT : Liquidated long on `ETHXBT`: Sell 92 @ 0.01565
[2016-10-31 14:18:13] rapidtrades : chromaticcr1: don't care, im not gonna let them mark it at 300%
[2016-10-31 14:18:21] chromaticcr1 : srsly, wally is treating you real good with these information
[2016-10-31 14:18:26] rapidtrades : until we mark to polo, its all on last
[2016-10-31 14:18:42] chromaticcr1 : that would be the case on last day since we got 0 t value left
[2016-10-31 14:18:57] CapitalGains : Is the 300% a result of market psychology, or is it something Bitmex is actually defining somehow?
[2016-10-31 14:19:16] lerecidiviste : zcash nearly busted ........
[2016-10-31 14:19:34] rapidtrades : only an autism would put a 300% basis rate on anything...it's madness
[2016-10-31 14:19:47] rapidtrades : autist obv
[2016-10-31 14:19:52] aethlios : BitMEX_Wally: can you create a bet: will zcash expire above or below 0.15 on dec. 30 and send you btc?? and pay the winners??
[2016-10-31 14:20:12] arbitrage001 : CapitalGains: the rate defined by market participants here
[2016-10-31 14:20:43] habibi : aethlios: u won't find people to bet above
[2016-10-31 14:20:51] chromaticcr1 : (last/spot-1)/days left*365 @CapitalGains, implied basis of the futures, which price is defined by the crowd here
[2016-10-31 14:21:24] chromaticcr1 : aethlios: fairlay / augur may help you out
[2016-10-31 14:21:30] laisee : Until the mark changes to PLO or box ...
[2016-10-31 14:21:40] arbitrage001 : rapidtrades: market distortion do happen when supply is scared
[2016-10-31 14:21:47] Rado : aethlios: there is Augur for that
[2016-10-31 14:21:50] arbitrage001 : and mining profit is still high
[2016-10-31 14:22:09] aethlios : augur is working??
[2016-10-31 14:22:23] Rado : of course
[2016-10-31 14:22:34] laisee : u can bet on it
[2016-10-31 14:23:34] aethlios : can i create a market if doesn't exist??
[2016-10-31 14:23:49] Rado : I think so
[2016-10-31 14:23:59] rapidtrades : no but u can create a scam
[2016-10-31 14:24:19] rapidtrades : eg ZEC16
[2016-10-31 14:24:42] aethlios : i will check, many polo buyers maybe gamble to an above 0.2 price
[2016-10-31 14:24:46] Rado : aethlios: https://app.augur.net/
[2016-10-31 14:27:19] Rado : https://app.augur.net/?tags=ethereum%2Ccurrencies
[2016-10-31 14:27:33] Rado : Will Ethereum trade at $15 or higher by midnight EST on November 30, 2016?
[2016-10-31 14:27:42] Rado : this one is easy
[2016-10-31 14:27:44] Rado : No
[2016-10-31 14:27:48] Rado : place your bets
[2016-10-31 14:27:56] habibi : Rado: dream more
[2016-10-31 14:28:18] Rado : habibi: what?
[2016-10-31 14:29:02] sleger : augur is in test not live
[2016-10-31 14:29:29] sleger : my bad
[2016-10-31 14:30:01] Rado : there is a bet on when they will launch
[2016-10-31 14:30:02] Rado : lol
[2016-10-31 14:30:06] BitMEX_Greg : haha
[2016-10-31 14:31:58] aethlios : options for 3 month futures are close.
[2016-10-31 14:33:03] wurstgelee : looks like i didnt close my short a second 2 early @ xbtusd
[2016-10-31 14:33:06] wurstgelee : ';)
[2016-10-31 14:37:17] Rado : ZEC pretty volatile on Polo
[2016-10-31 14:38:44] rapidtrades : now ZEC is down to 6th place by volume
[2016-10-31 14:39:23] rapidtrades : this is bullshit, it's pretty clear there's a functioning market now
[2016-10-31 14:39:32] rapidtrades : there's 132 ZECs for same and 800 BTC in bids
[2016-10-31 14:39:51] sleger : i'm gonna same some ZECs
[2016-10-31 14:40:06] rapidtrades : btw giant buy wall on polo at 0.716
[2016-10-31 14:40:15] rapidtrades : 100 btc worth
[2016-10-31 14:40:35] rapidtrades : and its gone lol
[2016-10-31 14:40:39] rapidtrades : usual games
[2016-10-31 14:42:14] CapitalGains : Is it just me, or is there a hidden bidding game going on just above 0.26?
[2016-10-31 14:42:23] CapitalGains : on ZEC
[2016-10-31 14:43:49] wurstgelee : CapitalGains: maybe =)
[2016-10-31 14:44:12] chromaticcr1 : hidden order everywhere
[2016-10-31 14:45:07] rapidtrades : don't trust the ZEC sellout ^
[2016-10-31 14:45:13] rapidtrades : coast is clear
[2016-10-31 14:45:41] darbsllim : ZEC is going to 0.1 on Polo
[2016-10-31 14:45:45] darbsllim : it has no value
[2016-10-31 14:45:48] rapidtrades : u get 2.76x return on investment just if prices stay where they are
[2016-10-31 14:45:50] darbsllim : investors paid $15 per ZEC
[2016-10-31 14:46:03] rapidtrades : darbsllim: ur mom has no value either yet she gets $50 per pop
[2016-10-31 14:46:05] wurstgelee : darbsllim: polo user?
[2016-10-31 14:46:12] darbsllim : I closed all my ZEC shorts yesterday at 2X profit
[2016-10-31 14:46:13] darbsllim : shorted at 2
[2016-10-31 14:46:23] darbsllim : out at 1.3
[2016-10-31 14:46:24] darbsllim : back in at 1
[2016-10-31 14:46:27] darbsllim : out at 0.3
[2016-10-31 14:46:31] darbsllim : it's going to 0.1
[2016-10-31 14:46:42] darbsllim : I just don't trust that you guys won't manipulate it
[2016-10-31 14:46:43] darbsllim : so I'm out
[2016-10-31 14:46:43] habibi : ^ experts ^
[2016-10-31 14:46:58] wurstgelee : """""experts"""""
[2016-10-31 14:47:02] wurstgelee : ;)
[2016-10-31 14:47:06] chromaticcr1 : coast is clear, look at your loss, oh dear! Wish I didnt go long on 3, crying out with tears.
[2016-10-31 14:47:10] rapidtrades : yea all newbs look like geniuses now
[2016-10-31 14:47:23] habibi : of course there will be at least one manipulation before the price mark to polo, coz why not :D
[2016-10-31 14:47:29] rapidtrades : yes
[2016-10-31 14:47:36] rapidtrades : clear the f*ckers out
[2016-10-31 14:47:43] darbsllim : 0.1 is $70 USD per ZEC coin ... investors paid $15 per ZEC coin. Do the math...it's going to 0.1 and that's giving it a 700% increase from what investors paid
[2016-10-31 14:47:46] rapidtrades : THEY SHAT ON OUR HEADS FOR TOO LONG
[2016-10-31 14:48:00] rapidtrades : darbsllim: ur fundamentals mean shit
[2016-10-31 14:48:02] habibi : darbsllim: awsome math :D same argument for zcash at 100 btc and 0.00001
[2016-10-31 14:48:22] Rado : no news on ZEC marking yet?
[2016-10-31 14:48:23] darbsllim : that was just insanity, irationally trading numbers back and forth
[2016-10-31 14:48:31] darbsllim : Rado ZEC doesn't have a marketing hype department
[2016-10-31 14:48:37] chromaticcr1 : for just 95BTC (+ any hidden order), clear everyone out
[2016-10-31 14:49:10] rapidtrades : idk u tools padded the orderbook, now it's 2x what is it was yday
[2016-10-31 14:49:22] wurstgelee : 15:47 - habibi: of course there will be at least one manipulation before the price mark to polo, coz why not ? <-- :D :D :D
[2016-10-31 14:49:23] habibi : yep, open interest is growing nicely around 0,25 -0,5 area, shorts will get cleared nicely
[2016-10-31 14:49:26] rapidtrades : we shoiuld've discussed operation Fury in private like bitmex did with their cap
[2016-10-31 14:49:49] wurstgelee : those shorts around .3 are easy targets...
[2016-10-31 14:49:52] rapidtrades : i'm resigning to the fact that I will have to hold this shit for 2 months
[2016-10-31 14:50:01] rapidtrades : still worth it for 2.76x
[2016-10-31 14:51:43] habibi : rapidtrades: at some point u think some people here are smarter but when it comes to trading shitcoins, same nooby arguments are in..." long term invesment" " polo price will be higher then actual here"....*when it comes to trade shitcoins, all people are equally stupid*
[2016-10-31 14:52:20] rapidtrades : pretty much....that's why i place 0 value on coin fundamentals
[2016-10-31 14:53:07] rapidtrades : its pointless to calculate zcash supply on dec30 cos markets discount....and u have no clue what's priced in already
[2016-10-31 14:54:32] rapidtrades : sentiment is 90% negative both here and polo, meaning a sharp rally is imminent
[2016-10-31 14:54:39] rapidtrades : but i said that above 1 too, so we'll see
[2016-10-31 14:55:11] kradiav : rapidtrades: where do you see the roof/top?
[2016-10-31 14:56:02] rapidtrades : idk 100-300% rally from lows is possible
[2016-10-31 14:56:17] rapidtrades : so that's 1.3 to 2?
[2016-10-31 14:57:11] aethlios : I have a short 0.75, waiting for your pump
[2016-10-31 14:58:04] rapidtrades : was talking about polo
[2016-10-31 14:59:24] aethlios : btc up, xmr eth dash down
[2016-10-31 14:59:32] rapidtrades : habibi: are u in ZEC
[2016-10-31 14:59:57] habibi : rapidtrades: nope, dont have time to babysit position, will be tomorrow evening maybe
[2016-10-31 15:00:37] CapitalGains : aethlios: what kind of margin do you use on ZEC? I'm too scared to short after watching the nightmare squeezes on Friday.
[2016-10-31 15:00:50] rapidtrades : if they do put a 300 basis rate, that will be an attractive long-term long, cos margin req will keep prices depressed
[2016-10-31 15:01:23] rapidtrades : it has to bottom out smwhere
[2016-10-31 15:01:50] habibi : CapitalGains: any margin under 0.1x is pretty safe
[2016-10-31 15:02:27] rapidtrades : if ur liq is above 10 u can't get liquidated until the cap is removed
[2016-10-31 15:02:39] rapidtrades : but u better have quick fingers on that announcement
[2016-10-31 15:02:48] CapitalGains : If you only short 1 contract
[2016-10-31 15:03:25] rapidtrades : u would need 10 btc to be safe
[2016-10-31 15:04:10] aethlios : CapitalGains: margin to have liquid. price above 10, so a lot of margin
[2016-10-31 15:05:13] Rado : BitMEX_Greg: when are you guys going to announce marking on ZEC?
[2016-10-31 15:05:26] BitMEX_Greg : Rado: Guessing when the underlying is more liquid
[2016-10-31 15:05:55] Rado : it already trades 1000 ZEC per 24h
[2016-10-31 15:06:06] rapidtrades : *on polo
[2016-10-31 15:06:16] rapidtrades : didn't u notice that * in the announcement
[2016-10-31 15:06:25] rapidtrades : right, me neither
[2016-10-31 15:07:13] Rado : well we are not going to trade it then
[2016-10-31 15:07:30] Rado : you might as well delist it until you are ready to list a proper contract
[2016-10-31 15:08:19] rapidtrades : it's bullshit cos the REQ is in ZEC and if prices rally we're gonna drop back down in volume
[2016-10-31 15:08:24] Rado : BTC dip was short lived
[2016-10-31 15:08:30] Rado : very good momentum
[2016-10-31 15:08:31] rapidtrades : we're now up to 820 ZEC
[2016-10-31 15:12:27] shenol : can someone explain what is marking on ZEC?
[2016-10-31 15:14:05] chromaticcr1 : last price
[2016-10-31 15:15:52] shenol : I don't get what are some people waiting for?
[2016-10-31 15:16:06] kradiav : shenol: you mean how it affects trading?
[2016-10-31 15:16:13] shenol : yes
[2016-10-31 15:22:23] Rado : shenol: XBTUSD is marked based on the Kaiko BitMEX index for example
[2016-10-31 15:22:37] Rado : Pricing Source: Kaiko
[2016-10-31 15:22:52] Rado : ZEC is supposed to be
[2016-10-31 15:22:56] Rado : Pricing Source: Poloniex
[2016-10-31 15:23:03] chromaticcr1 : plus funding * timeleft for next funding/8hour
[2016-10-31 15:23:05] Rado : but it's not marked to the Poloniex price yet
[2016-10-31 15:23:20] sleger : chromaticcr1: it's a future not a swap
[2016-10-31 15:23:34] Shenol : but marking is just a guide, it doesn't mean contract will trade at that price?
[2016-10-31 15:23:48] chromaticcr1 : yup for XBT swap XBTUSD
[2016-10-31 15:23:50] Rado : yes, but it will be close to it
[2016-10-31 15:23:57] Rado : right now it's huge difference
[2016-10-31 15:24:02] Rado : 0.73 and 0.26
[2016-10-31 15:24:19] sleger : Rado: it wont be close to polo
[2016-10-31 15:24:25] sleger : that's not how the marking will work
[2016-10-31 15:24:36] sleger : index will be polo, mark will not
[2016-10-31 15:24:36] Rado : it will be closer than it is now
[2016-10-31 15:24:40] chromaticcr1 : Rado: it have not been marked yet, Mark Method LastPrice
[2016-10-31 15:24:42] sleger : Rado: no reason for that
[2016-10-31 15:24:57] Rado : chromaticcr1: I know
[2016-10-31 15:25:06] Rado : sleger: what is the reason then?
[2016-10-31 15:25:22] rapidtrades : sleger: it will be close to polo once we push it on the announcement dummy
[2016-10-31 15:25:24] sleger : Rado: i'm saying there is no reason for that so dont ask me the reason for it....
[2016-10-31 15:25:26] Shenol : it would only matter if you can sell elsewhere and buy here, but it is not possible to sell on any other exchange?
[2016-10-31 15:25:29] rapidtrades : then they can mark it to -10%
[2016-10-31 15:25:59] rapidtrades : don't forget cap will also get removed
[2016-10-31 15:26:11] rapidtrades : some shorts will bail