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Author Topic: ====>Eve Online 0.0019BTC/million ISK or 538M ISK/BTC or 0.72BTC/PLEX<====  (Read 2265 times)
jarekb (OP)
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June 03, 2011, 01:32:29 PM
Last edit: June 12, 2011, 10:10:08 PM by jarekb
 #1

I've been trading in EVE Online for several years and have built up a decent NAV. I'm primarily interested in selling ISK, but can look into getting pretty much anything from the EVE economy in exchange for BTC. I have around 6 billion ISK liquid right now, but more can be made available if needed.

Updated conversion formula. Now using current sale price of USD per BTC from MtGox at time exchange is made.

Reply here or PM me if interested in a trade.

Exchange Rate @ 20.2501USD per BTC
BTC per PLEX:               0.719955 based on 17.495/(20.2501USD *1.2)
BTC per Million ISK:        0.001858 based on 0.719955/387.506
Millions ISK PER BTC:  538 based on 1/0.001858

Formula
BTC per PLEX:[PLEX in USD]/([Current BTC to USD]*[Bonus Multiplier])
BTC per Million ISK: [BTC per PLEX]/([7 Day PLEX average]/[1,000,000])
Millions ISK PER BTC: 1/[BTC per Million ISK]

Values Used
Current BTC to USD: 20.2501USD
PLEX to USD: 17.495
7 Day PLEX Average: 387.506
Bonus Multiplier: 20%




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jarekb (OP)
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June 04, 2011, 04:59:41 PM
 #2

After receiving some feedback from interested parties I've updated the post to show what I'm basing my conversion formula on. I'm using the historical data feed of MtGox transactions provided by bitcoincharts.com and storing it in this Google Spreadsheet.

The detail tab in the spreadsheet has the exact data from the bitcoincharts feed. The summary tab shows the daily and 7 day averages for BTC to USD and PLEX from Jita along with my current exchange rate for BTC per PLEX and BTC per Million ISK. I'll be updating this spreadsheet daily with the averages of the prior date.

As a bonus, a multiplier has been added to give you more ISK for each BTC you spend.

Thanks.
jarekb (OP)
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June 05, 2011, 02:58:20 AM
 #3

After some more feedback I've decided to drop the whole 7 day average of BTC in my conversion formula. The price keeps going up right now and if I stick to the average it makes more sense for someone interested to just sell their BTC and buy game time cards.

So now the conversion rate will be determined at time of exchange based on MtGox sell price.
jarekb (OP)
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June 05, 2011, 03:35:19 PM
 #4

B
U
M
P

Cleared up first post and updated pricing.
echonaut
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June 05, 2011, 04:57:51 PM
 #5

+1, fast and easy, pleasure doing business. Smiley
jarekb (OP)
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June 06, 2011, 11:51:38 AM
 #6

BUMP with updated pricing. As always, the exact exchange rate is determined when transaction occurs.
xkrysis
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June 07, 2011, 02:09:56 PM
 #7

+1 successful and quick transaction.
jarekb (OP)
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June 08, 2011, 06:29:24 PM
 #8

Bump with price update.
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June 09, 2011, 01:23:48 AM
 #9

Bump to the top.
astonix
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June 09, 2011, 02:26:34 AM
 #10

I'd be interested in buying 0.05BTC worth of ISK at current mtgox prices.

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June 09, 2011, 04:23:48 AM
 #11

Successfully done business with this trader and in quick time too.

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June 14, 2011, 01:58:18 AM
 #12

Recommend this trader for your EVE ISK. Successfully bought two PLEX from him as well as the ISK mentioned above.

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