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Posts with tag economy

Yesterday's Money: 17th October

Linden Money

Yesterday in Second Life we:

  • Exchanged US$206,000 at an average of US$8,600.0 per hour.
  • Market buys were US$144,000
  • Market sales were US$61,000
  • Limit-limit buys were US$1,100
  • The busiest time was at 4pm when about US$20,000 was exchanged.
  • The quietest time was 7am when about US$0 was exchanged.

Again with the 7am $0 exchange...

Yesterday's Money: 16th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,096,000 at an exchange rate of L$268.1 to US$1
  • Exchanged US$262,000 at an average of US$10,900.0 per hour.
  • Market buys were US$190,000
  • Market sales were US$61,000
  • Limit-limit buys were US$10,800
  • The busiest time was at 1pm when about US$15,000 was exchanged.
  • The quietest time was 12pm when about US$4,000 was exchanged.

Just what does LindeX sales mean?

Linden MoneyAlthough I actually read the key metrics, I leave them for Tateru to comment on. However, this time there was an interesting comment in there:
September saw a major recovery from the sudden slump in Lindex sales in August. While July had shown nearly US$600,000 in sales, August's sales had dropped to US$163,239, but recovered in September to a much healthier $573,501.
This is, as anyone who follows my daily reports, can tell you, nonsensical at first sight. Today's report is about typical - US$59,000, which gives us monthly sales of somewhere around US$1.75 Million, rather than about US$0.5Million.

The difference lies in what they mean: LindeX sales from the monthly summary are actually supply linden sales, rather the sum of daily sales figures (which is somewhat confusing, but there you go). From Linden Labs perspective $593,501 is far healthier than $163,239, because it is, essentially, pure profit for them. From our perspective though what does it mean? Well, Supply Linden was introduced as a tool to control exchange rates, albeit only in one direction, and to keep them stable. When someone (or some subroutine more likely) notices a tendency for the L$ to strengthen too much, LL put out some L$ on the market at a suitable price. Supply increases and the price drops - in this case the drive to strengthen the L$ is abated. August was obviously a month with relatively little pressure that way, September more typical.

You can question the value, and even the ethics of this process - many people did when it was announced. Whether or not you agree with it, and despite my doubts amongst many others, the process does work. The exchange rate varies a bit of course, but floats around the L$270 mark quite reliably, and has done for as long as I've kept records and indeed for over a year now.

Yesterday's Money: 15th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,250,000 at an exchange rate of L$267.5 to US$1
  • Exchanged US$249,000 at an average of US$10,400.0 per hour.
  • Market buys were US$182,000
  • Market sales were US$59,000
  • Limit-limit buys were US$8,500
  • The busiest time was at 1pm when about US$15,000 was exchanged.
  • The quietest time was 4am when about US$4,000 was exchanged.

Yesterday's Money: 14th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,125,000 at an exchange rate of L$268.9 to US$1
  • Exchanged US$218,000 at an average of US$9,100.0 per hour.
  • Market buys were US$150,000
  • Market sales were US$68,000
  • Limit-limit buys were US$1,200
  • The busiest time was at 9am when about US$13,000 was exchanged.
  • The quietest time was 12pm when about US$5,000 was exchanged.

Yesterday's Money: 13th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,128,000 at an exchange rate of L$268.1 to US$1
  • Exchanged US$215,000 at an average of US$9,000.0 per hour.
  • Market buys were US$154,000
  • Market sales were US$60,000
  • Limit-limit buys were US$600
  • The busiest time was at 2pm when about US$14,000 was exchanged.
  • The quietest time was 4am when about US$5,000 was exchanged.

Yesterday's Money: 12th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,152,000 at an exchange rate of L$267.5 to US$1
  • Exchanged US$234,000 at an average of US$9,800.0 per hour.
  • Market buys were US$163,000
  • Market sales were US$71,000
  • Limit-limit buys were US$400
  • The busiest time was at 3pm when about US$20,000 was exchanged.
  • The quietest time was 2am when about US$4,000 was exchanged.

Yesterday's Money: 11th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,067,000 at an exchange rate of L$268.8 to US$1
  • Exchanged US$219,000 at an average of US$9,100.0 per hour.
  • Market buys were US$155,000
  • Market sales were US$63,000
  • Limit-limit buys were US$1,000
  • The busiest time was at 6pm when about US$20,000 was exchanged.
  • The quietest time was 4am when about US$5,000 was exchanged.

Yesterday's Money: 10th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,167,000 at an exchange rate of L$268.6 to US$1
  • Exchanged US$237,000 at an average of US$9,900.0 per hour.
  • Market buys were US$162,000
  • Market sales were US$74,000
  • Limit-limit buys were US$800
  • The busiest time was at noon when about US$19,000 was exchanged.
  • The quietest time was 12pm when about US$5,000 was exchanged.

Yesterday's Money: 9th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,041,000 at an exchange rate of L$270.2 to US$1
  • Exchanged US$218,000 at an average of US$9,100.0 per hour.
  • Market buys were US$150,000
  • Market sales were US$67,000
  • Limit-limit buys were US$200
  • The busiest time was at 3pm when about US$24,000 was exchanged.
  • The quietest time was 6pm when about US$6,000 was exchanged.

Yesterday's Money: 8th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,162,000 at an exchange rate of L$268.5 to US$1
  • Exchanged US$238,000 at an average of US$9,900.0 per hour.
  • Market buys were US$171,000
  • Market sales were US$66,000
  • Limit-limit buys were US$600
  • The busiest time was at 1pm when about US$13,000 was exchanged.
  • The quietest time was 3am when about US$6,000 was exchanged.

Yesterday's Money: 7th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,147,000 at an exchange rate of L$269.3 to US$1
  • Exchanged US$227,000 at an average of US$9,500.0 per hour.
  • Market buys were US$160,000
  • Market sales were US$67,000
  • Limit-limit buys were US$400
  • The busiest time was at 3pm when about US$15,000 was exchanged.
  • The quietest time was 4am when about US$5,000 was exchanged.

Yesterday's Money: 6th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,059,000 at an exchange rate of L$268 to US$1
  • Exchanged US$231,000 at an average of US$9,600.0 per hour.
  • Market buys were US$166,000
  • Market sales were US$65,000
  • Limit-limit buys were US$600
  • The busiest time was at 9am when about US$15,000 was exchanged.
  • The quietest time was 3am when about US$6,000 was exchanged.

Yesterday's Money: 5th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,109,000 at an exchange rate of L$268.3 to US$1
  • Exchanged US$222,000 at an average of US$9,200.0 per hour.
  • Market buys were US$167,000
  • Market sales were US$53,000
  • Limit-limit buys were US$1,700
  • The busiest time was at 8am when about US$15,000 was exchanged.
  • The quietest time was 3am when about US$4,000 was exchanged.

Yesterday's Money: 4th October

Linden Money

Yesterday in Second Life we:

  • Spent US$1,166,000 at an exchange rate of L$267.9 to US$1
  • Exchanged US$227,000 at an average of US$9,400.0 per hour.
  • Market buys were US$155,000
  • Market sales were US$71,000
  • Limit-limit buys were US$700
  • The busiest time was at 8pm when about US$19,000 was exchanged.
  • The quietest time was 12pm when about US$4,000 was exchanged.

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