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1  Economy / Goods / Up to 18% Commission in BTC Selling Products with Find Good Health on: August 24, 2019, 06:03:17 PM
Hi everyone,

I've recently setup an affiliate program in my health store "Find Good Health". I have a small selection of products; some are impulse buys but others require educating the public about the huge benefits they have and how effectively they can solve customer's problems. That's why my product pages have long copy and I seek affiliate marketers who know how to sell using this philosophy.

===============================================================================================

HOW MUCH CAN I EARN

  • Commissions are 9% or 18% depending on your volume of sales (10 or more products per week).
  • Balance is paid either to your PayPal account or BTC address. (Segwit p2sh and bech32 addresses encouraged).
  • Tracking of sales through custom promotional code.
  • Free to sign up. It is required to keep in contact with me.

All the details about the program, rules and the sign up form is in the next link where I talk about how, after the 2017 changes, if you Affiliate with Amazon you will get low commissions and one of the alternatives is to diversify working for many smaller businesses at the same time.
2  Economy / Service Announcements / Late to The Party but Proud to Finally Accept BTC in My Health Store on: August 20, 2019, 09:45:50 PM
It took me some time to enter Bitcoin, for personal and business use, due to its high volatility but finally made the plunge thanks to John Mcaffee's educating explanations in several of his talks. These helped me see the potential of blockchain beyond transaction tracking and this made me want to support BTC.

By the way the business I own is Find Good Health My focus there is to help people learn to achieve and keep a good health and well-being by themselves through information about nutrition, fitness, complementary therapies and emotional balance. For this I offer a small selection of eco-friendly fitness tools and accessories, 100% natural skincare products, acupuncture devices, yoga and meditation tools, etc.

Looking forward to see some of you over there!
3  Economy / Trading Discussion / Are arbitrage margins as good as they seem? on: September 16, 2015, 12:43:24 PM
Hi all,

I wanted to make an open question for those of you actively doing arbitrage. First of all for those of you that feel the "urge" to mention arbitrage has been discussed in many threads and "just do a search" I say that it's been discussed but never with the specificity I'm looking for so I'm opening this thread to make specific questions and try to understand the answers with an example that illustrate better what my doubts are.
I've been interested in getting into arbitrage but the subtleties and nuances can make the theory very different from practice and the estimated profits much less than calculated.
I would like to know with an specific example how would you calculate the profit (reward) versus the risk (initial investment, potential of missing the trade) after taken into account several things:

  • Spread and fees asked at both exchanges.(Including trades and transaction between them).
  • Cost of exchanging EUR to USD or any other currency since afaik all deposits must be done in USD. Does this step makes you incur in adittional fees and increased time to perform the trades and deposits you want to do?
  • Estimated time to do all the steps needed to do arbitrage reliably and do not miss too many opportunities so you can have an acceptable risk/reward ratio. (Risk of missing the trade versus potential profit).

As a help for me to understand how you estimate risk/reward let me introduce and example and if you want to help complete it with what you'd calculate to estimate time frame, risk, and net profit with all the spreads, fees, etc. deducted.
Let's pick BTC/EUR which has huge spreads between exchanges:

Cryptsy     261
   Buy offer 3.5 BTC
BTC-e        198.18
   Sell offer 4.25 BTC

Gross profit 62.82 per BTC. Gross risk up to 693.63 EUR, potential gross profit 219.87 EUR. 131.7% Gross ROI.

So what is the net profit, time estimates of all the required steps in this arbitrage trade and how many trades you achieve versus the ones you miss per 20 (pick any number) trades you begin? Any other thing I forgot to ask that you think is important will be welcome.

I'd appreciate any help you can provide, most of all if it is as specific as possible. Is not the same to say "yeah, it has been somewhat profitable for me but is has gotten harder" than answer with the detail I ask above.
4  Alternate cryptocurrencies / Mining (Altcoins) / Questions about Altcoins Mining in Multipools on: August 13, 2015, 10:13:34 AM
Hi all. I've been looking at some guides about mining alternative cryptocurrencies and some questions have come to my mind. I will formulate my questions after claims made by these guides to help me clarify if I have understood the concepts well.

Claim: The strategy basically consists in whenever you spot a profitable coin based on different parameters, among them avg. difficulty and exchange rate, you would mine and exchange it for your desired cryptocoin, usually bitcoin, while the profitable situation of said altcoin lasts. This applied to my plan would be to buy a scrypt ASIC and mine profitable scrypt coins since there are many more (52 by coinwarz) than coins based on other algos for GPU mining (14). In the future it is possible that it is better to invest in a GPU rig as more altcoins which use new algorythms are developed but that is a topic for another thread.

Question: In the multipool I've seen here you can't control what altcoin you are mining. In this particular case the user mines using scrypt algorithm and the pool assigns different arbitrary scrypt altcoins by its own priorities and then makes the payout in the user's desired coin when the total value of the different coins in her account reach an exchange rate limit equal to the programmed value for the payout of the selected coin.
Does not this invalidate the profitability since the strategy depends on you being able to choose the coin you mine based on its difficulty and rate? If the pool assigns a higher difficulty coin to you or one with an exchange rate that is unfavorable the strategy mentioned in claim cannot be applied profitably. Are all multipools like this one where you can't control what altcoin you are mining? How is that profitable with a scrypt ASIC for example?

Claim: As the number of altcoins mined increases it becomes increasingly difficult to keep track of statistics like difficulty and exchange rate in order to double check if your hashing power is being honestly used by the multipool. That is checking if the number of satoshi you receive on your wallet is equal to what you've calculated based on your hashing power, your chosen altcoins and their statistics.

Question: How complicated checking into this gets? Is it simple enough to just need a spreadsheet? If it gets complicated do you use some kind of programming language script or only just trust in the honesty of the multipool?
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