Just half an hour ago, the whole ask orders are around 1000 BTC in BTCChina, but now there're 1600BTC up to 3990 CNY now. It seems a quick small correction attracts quit a lot sellers.

Does that include your power consumption?

In this picture I will demonstrate how daytrading can be profitable:

Across all exchanges we saw about 18k coins in 20 minutes for that little flash-crash we just experienced.

Keep in mind that the coins are trading for more than double what they were on April 10.

Not true, the Jupiters did in fact ROI against purchasing coins.

heh power consumption being really really optimistic and selling at 600 bucks BTC at www.mtgox.com  minus the $7,131.80 USD I spent w/shipping (and not counting power supply)for the KNC Jupiter i have....I'm under those more then rosy conditions at 21 coins @$12,600 USD....minus $7131.80 that is $5,468.20 ahead and I'll have been mining 1 month tomorrow 11/18 as of 8:30pm CST USA.....as for electric it is a bit less then 100 bucks I think around 80 bucks but call it 100 cause I've been home a lot babysitting miner and giggling so more use on other computers and such this month

of course it will all go boom and I will probably be looking at 1/2 ROI on Monday after the U.S. House hearings ...or some such bad news...but hey that works too for 1 month of mining I have a Jupiter hashing 555gh consistent ..just put the new firmware on now 0.99 its hashing at around 564gh consistent....

heh been a good nite for me at least in the delusions of my own mind (yeah we are all insane it is only real variable that is constant in all this)

Searing


p.s. er as I ordered the Jupiter on July 1st I think BTC was 60 bucks or some such yeah better of getting BTC direct I would have been but no body imho noob wise jumps in with 7k or more in speculation...we always start with equipment...now in the future with how asic mnfg stuff trickles out etc etc I may change my tune but this is what I seem to hear how most start in bitcoin with miners (or did back in the early early days of summer 2013....)
 

How about spend $7K in bitcoin @$100 when you order the KNC ?
70*600 = $42K
Better no ?

Things are not looking good for the USD. It's fallen below the 2 mBTC level for the first time ever:

I don't disagree but again at least as of summer of 2013 then things were not so nuts...most new to BTC bought miners as the 'safe' way to get into BTC ..speculation was not so nuts as it is now...so everyone I've talked to mined first...now that may be different this fall ....but most noobs DID mine first from my experience

but your point is correct to those who dropped 7k plus on 60 buck BTC and have kept it now past 600 usd now ..I salute you ..you have big brass ones...

myself I think btc was 150 1 month ago and was 600 btc a bit ago and I've managed to keep my 21 coins after 1 month .....for someone with the will power of a gerbil I'm quite proud of myself...(but again we are all insane and it will go boom tues probably ....just saying...when you find yourself in a nut house it is only polite to tell the other patients)