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Author Topic: Avalon BTC Rate for Purchase  (Read 1044 times)
fresca (OP)
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February 18, 2013, 12:48:56 PM
 #1

I'm wondering what the rate Avalon uses for BTC.  I think I read, at some point, that it is the highest bid offer of MT.Gox, but I am not sure.

I'm going to be just on the cusp of either having enough btc or not. 
Beepbop
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February 18, 2013, 01:04:58 PM
Last edit: February 18, 2013, 01:16:14 PM by Beepbop
 #2

Remember the transactions fees too.

It's WalletBit that sets the conversion rate. Wait, I'm not sure of this.
For what it's worth, here's how Walletbit does the instant exchange:
Quote
Exchange of your bitcoins to US dollars on Mt.Gox will be carried out by WalletBit to clear out your accumulated balance. WalletBit will deduct our processing fee from each merchant payout. Our fee for this is 0.89% + a flat fee of 0.05 BTC to pay miners.
source
That should help you calculate it, but maybe Avalon eats the fee.

Maybe you can take a loan for a few hours?
cypherdoc
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February 18, 2013, 03:03:43 PM
 #3

Remember the transactions fees too.

It's WalletBit that sets the conversion rate. Wait, I'm not sure of this.
For what it's worth, here's how Walletbit does the instant exchange:
Quote
Exchange of your bitcoins to US dollars on Mt.Gox will be carried out by WalletBit to clear out your accumulated balance. WalletBit will deduct our processing fee from each merchant payout. Our fee for this is 0.89% + a flat fee of 0.05 BTC to pay miners.
source
That should help you calculate it, but maybe Avalon eats the fee.

Maybe you can take a loan for a few hours?

that's a pretty high miner fee.  .0005 BTC is plenty.
rudrigorc2
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February 18, 2013, 03:56:50 PM
 #4

Remember the transactions fees too.

It's WalletBit that sets the conversion rate. Wait, I'm not sure of this.
For what it's worth, here's how Walletbit does the instant exchange:
Quote
Exchange of your bitcoins to US dollars on Mt.Gox will be carried out by WalletBit to clear out your accumulated balance. WalletBit will deduct our processing fee from each merchant payout. Our fee for this is 0.89% + a flat fee of 0.05 BTC to pay miners.
source
That should help you calculate it, but maybe Avalon eats the fee.

Maybe you can take a loan for a few hours?

that's a pretty high miner fee.  .0005 BTC is plenty.

I hope the pool which Im in mines these avalon's orders blocks Cheesy
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