MsCollec
Legendary
 Offline
Activity: 1400
Merit: 1000
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April 21, 2014, 06:05:23 PM |
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How it works. - coinpod
'You create an order. On creation of that order, the funds get moved from your account and the escrow account along with the site fee's.
Then, you have to wait until there is a matched order. This requires someone else making an order that has the same rate as your's or two orders that have a rate above and below yours.
Then the orders will calculate how much need to be moved between each order. After that is calculated out, payment is made to each person on the order, for the max transfer amount (which is the least amount transferring) from the escrow to the user's account.
After that is done, some orders will still be open, because I wanted to buy 100 coin, and you were only selling 50, so the order updates the remaining balance (50 coin in this example) and waits for another matching order.
Again, the exchange is in a test state right now, so creating orders isn't actually going to withdraw funds.'
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provenceday
Legendary
Offline
Activity: 1148
Merit: 1000
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April 21, 2014, 06:07:22 PM |
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How it works. - coinpod
'You create an order. On creation of that order, the funds get moved from your account and the escrow account along with the site fee's.
Then, you have to wait until there is a matched order. This requires someone else making an order that has the same rate as your's or two orders that have a rate above and below yours.
Then the orders will calculate how much need to be moved between each order. After that is calculated out, payment is made to each person on the order, for the max transfer amount (which is the least amount transferring) from the escrow to the user's account.
After that is done, some orders will still be open, because I wanted to buy 100 coin, and you were only selling 50, so the order updates the remaining balance (50 coin in this example) and waits for another matching order.
Again, the exchange is in a test state right now, so creating orders isn't actually going to withdraw funds.'
that's all right,will wait for the real opens of this exchange. |
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provenceday
Legendary
Offline
Activity: 1148
Merit: 1000
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April 21, 2014, 06:10:36 PM |
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79 Pawncoin $ 152,533 $ 0.023427 6,510,987 PAWN $ 5,315 +5.03 %
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bitcoinwonders010
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April 21, 2014, 06:11:14 PM |
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the funny thing is this explains the dump, from yesterday, people must have thought that, they were real so thinking they could arb, i am calm now, those people will end up buying higher now
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provenceday
Legendary
Offline
Activity: 1148
Merit: 1000
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April 21, 2014, 06:11:43 PM |
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look at that 10btc buy order on pawn nice, were only worth 110k, gonna be fun
ah i get the orders on the exchange are not real right, guess thats why some people sold in the morning, thinking they were, still holding for the rise here
No, they are just test orders.
so we should have our multipool. |
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provenceday
Legendary
Offline
Activity: 1148
Merit: 1000
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April 21, 2014, 06:13:14 PM |
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the funny thing is this explains the dump, from yesterday, people must have thought that, they were real so thinking they could arb, i am calm now, those people will end up buying higher now
no big whale want to dump their coins now.  |
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MsCollec
Legendary
Offline
Activity: 1400
Merit: 1000
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April 21, 2014, 06:15:32 PM |
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look at that 10btc buy order on pawn nice, were only worth 110k, gonna be fun
ah i get the orders on the exchange are not real right, guess thats why some people sold in the morning, thinking they were, still holding for the rise here
No, they are just test orders.
so we should have our multipool.Multi-pool is so complicated and we don't want a getaway Multi-pool that will link to wafflepool like some coins did. set of several mining pools (for several coins) plus a trading system which decides which coin to mine and the trading itself (requires to manage several exchanges and the changes in their APIs. |
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provenceday
Legendary
Offline
Activity: 1148
Merit: 1000
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April 21, 2014, 06:20:36 PM |
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look at that 10btc buy order on pawn nice, were only worth 110k, gonna be fun
ah i get the orders on the exchange are not real right, guess thats why some people sold in the morning, thinking they were, still holding for the rise here
No, they are just test orders.
so we should have our multipool.Multi-pool is so complicated and we don't want a getaway Multi-pool that will link to wafflepool like some coins did. set of several mining pools (for several coins) plus a trading system which decides which coin to mine and the trading itself (requires to manage several exchanges and the changes in their APIs. it seems some people in pawn community want to help us, have sent you a pm. |
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bitcoinwonders010
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April 21, 2014, 06:28:51 PM |
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look at that 10btc buy order on pawn nice, were only worth 110k, gonna be fun
ah i get the orders on the exchange are not real right, guess thats why some people sold in the morning, thinking they were, still holding for the rise here
No, they are just test orders.
so we should have our multipool.Multi-pool is so complicated and we don't want a getaway Multi-pool that will link to wafflepool like some coins did. set of several mining pools (for several coins) plus a trading system which decides which coin to mine and the trading itself (requires to manage several exchanges and the changes in their APIs. it seems some people in pawn community want to help us, have sent you a pm. why not share the PM |
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provenceday
Legendary
Offline
Activity: 1148
Merit: 1000
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April 21, 2014, 06:36:34 PM |
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look at that 10btc buy order on pawn nice, were only worth 110k, gonna be fun
ah i get the orders on the exchange are not real right, guess thats why some people sold in the morning, thinking they were, still holding for the rise here
No, they are just test orders.
so we should have our multipool.Multi-pool is so complicated and we don't want a getaway Multi-pool that will link to wafflepool like some coins did. set of several mining pools (for several coins) plus a trading system which decides which coin to mine and the trading itself (requires to manage several exchanges and the changes in their APIs. it seems some people in pawn community want to help us, have sent you a pm. why not share the PM from pawncoin community member “working on it, but no eta yet..
Multipool is working, only need to finish the auto-payout in pawn (most dificult)
looking for a dev now”so hope we will have a multipool soon. |
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bitcoinwonders010
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April 21, 2014, 06:37:56 PM |
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sellers starting to realize sell oders on the exchange was not real, yesterday people were paying upto 0.000065
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maccie
Member
Offline
Activity: 98
Merit: 10
Developer multipoolmining.com
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April 21, 2014, 06:56:50 PM |
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Yeah, but remember its still alpha/beta and our devs listen users. |
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a244495766
Member
Offline
Activity: 70
Merit: 10
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April 21, 2014, 06:59:22 PM |
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Yeah, but remember its still alpha/beta and our devs listen users. Replacement of mintpal mode |
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MsCollec
Legendary
Offline
Activity: 1400
Merit: 1000
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April 21, 2014, 07:02:47 PM |
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How it works. - coinpod
'You create an order. On creation of that order, the funds get moved from your account and the escrow account along with the site fee's.
Then, you have to wait until there is a matched order. This requires someone else making an order that has the same rate as your's or two orders that have a rate above and below yours.
Then the orders will calculate how much need to be moved between each order. After that is calculated out, payment is made to each person on the order, for the max transfer amount (which is the least amount transferring) from the escrow to the user's account.
After that is done, some orders will still be open, because I wanted to buy 100 coin, and you were only selling 50, so the order updates the remaining balance (50 coin in this example) and waits for another matching order.
Again, the exchange is in a test state right now, so creating orders isn't actually going to withdraw funds.'
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bitcoinwonders010
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April 21, 2014, 07:03:58 PM |
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its currently in testing mode, if you want to see something similar that is working go to mastercoin exchange, its more or less same thing |
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a244495766
Member
Offline
Activity: 70
Merit: 10
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April 21, 2014, 07:17:00 PM |
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its currently in testing mode, if you want to see something similar that is working go to mastercoin exchange, its more or less same thing Doesn't like current trading site model |
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a244495766
Member
Offline
Activity: 70
Merit: 10
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April 21, 2014, 07:19:09 PM |
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its currently in testing mode, if you want to see something similar that is working go to mastercoin exchange, its more or less same thing Doesn't like current trading site model Now trading website model cannot Chinese speculators to buy |
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MsCollec
Legendary
Offline
Activity: 1400
Merit: 1000
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April 21, 2014, 07:21:16 PM |
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its currently in testing mode, if you want to see something similar that is working go to mastercoin exchange, its more or less same thing Doesn't like current trading site model Hahahaha, and it supposed to be a user processed exchange before. You create your order and do the calculations. There's nothing difficult about the exchange, create as many orders now that it's still in beta so that you can understand how it works. |
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