Hi forum! i'm sad to say the shipment of miners i was expecting didn't come through as the reseller was not able to provide the product or sufficient proof of purchase at the agreed date. A little sad but it may proof as starting point with our involvement into a new Bitcoin start-up.
A good thing to see though is the update on mt.gox - apparently they are now self-hosting and present on a large number of servers world-wide, which was in likelihood a response to the system buckling in under the amount of users in the past.
The new transaction system they employ is called Midas and is supposed to handle up to half a million transactions per second. A redesigned user interface is supposed to ease the usage of the exchange.
Money retrievals and deposits may still take up to a week though and is due to Mt.Gox a problem which persists with their current partner bank. The exchange is in the process of acquiring new partners according to their statements. (article source)
When considering the current market situation the exchange could also aim to deal with the negative press it accumulated during it's neigh monopoly during the past years. Charts indicate the eighty percent of market volume Mt.Gox is advertising with are a thing of the past. At the time of writing there were an indicated 47% of market volume traded over Gox.
All in all the whole market shows a promising stable trend with a current price of about a 105 $US to the Bitcon and we are confident about a positive future development.
As always; thank you for your attention and see you soon forum!
Tim
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