ryantc
Sr. Member
 Offline
Activity: 329
Merit: 250
Bitcoin may be the TCP/IP of money.
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May 06, 2013, 02:05:30 PM |
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very nice and comprehensive  |
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luffy
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May 06, 2013, 02:57:11 PM |
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can you please share the BTC profitability formula?  |
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sal002 (OP)
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May 06, 2013, 03:01:32 PM |
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can you please share the BTC profitability formula? Not too difficulty to derive - basically comparison of difficulty with BTC's difficulty (adjusted if scrypt), then look at price to convert into BTC. So bTC is the base. |
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Taxidermista
Legendary
Offline
Activity: 1147
Merit: 1001
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May 06, 2013, 03:17:47 PM |
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Again: CNC quote from BTC-E is wrong. It's obvious nobody cares.
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sal002 (OP)
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May 06, 2013, 03:47:53 PM |
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Huh? I care and just fixed. Sorry - missed your earlier post - when I added NVC back I mistakenly removed the BTCe update for CNC - it is now fixed.
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luffy
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May 06, 2013, 05:50:01 PM |
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i think the profitability based upon the last trade is misleading due to low volumes. I would suggest a mean term of the last (5?) buy orders in order to be in the safe side  |
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Kryptox
Member
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Activity: 98
Merit: 10
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May 06, 2013, 06:07:48 PM |
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Nice job!
Would be nice to have "Next Difficulty" alongside the current difficulty. Would probably be quite simple.
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sal002 (OP)
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May 06, 2013, 06:58:49 PM |
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i think the profitability based upon the last trade is misleading due to low volumes. I would suggest a mean term of the last (5?) buy orders in order to be in the safe side It is the current open trades not last trades, but I could average together open trades as well. |
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MrWizard
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May 06, 2013, 07:04:38 PM |
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i think the profitability based upon the last trade is misleading due to low volumes. I would suggest a mean term of the last (5?) buy orders in order to be in the safe side It is the current open trades not last trades, but I could average together open trades as well. Which coin I mine does not depend on the last trade. It is which price I can get in the future that matters. That is why you should keep the bid price as the basis of profitability. |
"I walked into the room dripping in Bitcoins. Yea dripping in Bitcoins."
(BTC) 168DCCeGmDy3xTWRimLVhvKtK3yEWbpsSg (LTC) LbYS8VFqFSU7B9bfaHD11seQMtrtYEKpLe
(BBQ) bNVZErvwLzpEG7H3kt1fycWspzRQB1MJzL
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sal002 (OP)
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May 07, 2013, 01:48:48 AM |
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Which coin I mine does not depend on the last trade. It is which price I can get in the future that matters. That is why you should keep the bid price as the basis of profitability.
I will - just wondering if I should look at volume. That being said, not all exchange APIs give the full volume info - or more trades, so might be a bit tricky. |
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FloridaBear
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May 07, 2013, 04:01:27 AM |
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Hey sal, thanks for this site. Donation sent!
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Joerii
Legendary
Offline
Activity: 1274
Merit: 1050
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May 07, 2013, 04:04:54 AM |
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i think the profitability based upon the last trade is misleading due to low volumes. I would suggest a mean term of the last (5?) buy orders in order to be in the safe side THIS ! I made a bad call by trying to take advantage of the price difference of CNC on Bter and BTC-e. I thought I could offload a few K's and make a quick 10% profit, then I noticed the volume was almost nothing. Lost 25% Facepalm. Never overestimate volume, especially with coins in which interest is waning. |
Hypercube - get the attention you deserve
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sal002 (OP)
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May 07, 2013, 11:37:47 AM |
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BBQcoin added.
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FloridaBear
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May 07, 2013, 11:51:37 AM |
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BBQcoin added.
Nice color on the charts, too--looks like BBQ sauce  |
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spartacus_
Member
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Activity: 88
Merit: 10
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May 07, 2013, 12:25:52 PM |
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I like it.
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COINVALIDATION IS SLAVERY NAMECOIN IS FREEDOM
BOYCOTT COINVALIDATION BUY NAMECOINS
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sal002 (OP)
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May 07, 2013, 03:44:51 PM |
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Hey sal, thanks for this site. Donation sent!
Thanks!! |
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Taxidermista
Legendary
Offline
Activity: 1147
Merit: 1001
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May 08, 2013, 10:55:10 AM |
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BQC diff is not updating.
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MrWizard
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May 08, 2013, 11:24:17 AM |
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Please be aware that if you do add bitbar that its reward is variable. Personally, I ignore this coin for several reasons. No need to go in the reasons here as this is not the appropriate thread. |
"I walked into the room dripping in Bitcoins. Yea dripping in Bitcoins."
(BTC) 168DCCeGmDy3xTWRimLVhvKtK3yEWbpsSg (LTC) LbYS8VFqFSU7B9bfaHD11seQMtrtYEKpLe
(BBQ) bNVZErvwLzpEG7H3kt1fycWspzRQB1MJzL
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sal002 (OP)
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May 08, 2013, 12:24:36 PM |
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BQC diff is not updating.
Should be now - that block explorer seems to go down every now and then. |
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sal002 (OP)
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May 08, 2013, 12:25:15 PM |
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Please be aware that if you do add bitbar that its reward is variable. Personally, I ignore this coin for several reasons. No need to go in the reasons here as this is not the appropriate thread. Is there a calculation for figuring out the reward (like there is for PPCoin)? |
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