lower BTC number, but higher BTC value.  same dollars.  it's not like we have a lot of new money coming in like back in summer 2013; we're just shuffling existing money around. 

Yeah i understand that the rise in btc value compensates. But its still weird that most altcoins show declining value against btc while btc rises. That schould mean everybody is dumping alts and trade them for btc or fiat. People are losing confidence or something. Easy enough.

But why is btc on the rise, thats what confuses me.

And for the hashrate profitability. I guess we had a good month in december. So returning back to normal will always look like things are going to look bad in comparison. But 0.016btc for 3,5 mhs isnt much (my payment for yesterday), no matter how you look at it. A few days ago i did 0,029 with little over 2 mhs.

Just seems weird.

BTC's rise is a pretty easy one to explain with the various news bits over the last few days including:
1. A US Senator stumping for BTC (and donations) giving it a bit more legitimacy to the mainstream.
2. Zynga "experimenting" with taking BTC for in-app purchases lending another note of legitimacy.
3. The biggest rise came after the rumors of Netflix thinking of jumping on the Bitcoin bandwagon for subscription payments and/or on-demand video rentals.  Source of this one came from the same journalist that leaked/broke the Zynga news so he's got a trustworthy recent track record.

But that doesnt explain why the alts are going down. They should stay at the same price against btc. Exchange rate of alt to btc is independent of btc to fiat.

Probably there are just to many alts and the market just isnt big enough. Just sucks for me this has to happen at the moment im upgrading lol.
Wasnt expecting this lol.

The value of alts may roughly track btc values, but they're not actually related.  As confidence in the btc rises, speculators then begin to look at the alts to see if they offer something of value over the short term.  When btc falls, confidence ebbs and the sell-off follows.

I see nothing surprising or confusing about it.  All crypto-coins are commodities.  They trade like commodities and they act like commodities.  Whatever alt coin seems to offer value or a profit opportunity, it is into that money will flow.

Bitcoin is up about 17% in two days, most of the alt-currencies have not been able to keep up with it, so their relative values decrease. Some have exceeded btc performance, and they have increased in relative value.

Bit coin is going up for a number of reasons.  It has gotten a fair amount of press coverage lately, Overstock made their announcement as did Zynga, Hong Kong is looking very seriously at btc ATMs and they are also beginning to show up in American cities.  The fact that bitcoin didn't completely collapse after the bad news from China and India demonstrates intrinsic strength in the coin and that inspires confidence in investors thus they are more comfortable buying.

It's just typical market dynamics.

Also waiting for.. Wanted to switch my rigs back to Hashco before I get some sleep

Hey guys, sorry to say, portal wont go tonight.  We are still in the midst of some testing, don't want to rush things out. Still hopeful we can meet the Monday target.

Thank you for not continuing to trash poor old Catcoin, she can't take it anymore and is dying as it is without these crazy difficulty swings.

You guys are the best, hope you can take over the multipool scene!

I think his point is that the situation is very frustrating for him as he's not a native English speaker or literate in English, making the red announcement text difficult or impossible to read, or to determine that it's important. Not that this is much of an excuse for anything. I don't go to Chinese websites and bitch that I can't read their service announcements.

Perhaps the administrators should consider making the site available in multiple languages? Between forum contributors and Google Translate, they could probably offer a modest selection without incurring translation expenses.

Follow.

Mining on hashco.ws now.