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omgitsmehehe (OP)
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November 05, 2012, 11:55:41 PM
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I'm sorry if this is posted elsewhere but was just wondering why such a big discrepancy between the two?

I assume it could be due to the Intersango GBP transfer situation. Is there any way to exploit the drastic change?

Thanks
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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November 06, 2012, 12:37:11 AM
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different exchanges often end up with discrepencies
many people take advantage of this to profit - some have even code trading bots to take advantage of this.
it is called arbitrage
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November 06, 2012, 12:50:30 AM
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Thank you for your reply Graet.

Any idea where I can obtain some free source code or free tutorials for bitcoin arbitrage bots?

Thanks
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