Quick question about AltOutlet:
What happens when you buy something ?
Does AltOutlet immediately exchange does KDC for BTC at current rates or does it hold it ?
I did some calculations for this and I have no clue how they can reach those prices on Rasberry Pi, If I would sell and include shipping in the same cost It would be 50-60% of their current price and still make a good profit.
Sure, yup, we don't immediately convert for BTC, but we do it generally within 24 hours.. At the moment we're only using one exchange for conversions, so we're limited by the buy orders there currently.
The way we work out the exchange rate it to average the buy order to a specific volume amount, which allows us to cover larger orders. As the volume is currently quite low for KDC buys, it taking into account the lower buys which drops the average rate. Once the volume goes up, the prices should come down... hope that explains it!
That makes sense
We should be able to get listed on Mintpal within a week, this should certainly increase volume, the problem with coinedup is that a lot of people don't want to trade on it. coinmarket.io is down already for a few weeks. So we all believe that with the move to mintpal, people will put some more KDC coins for sale and want to buy some more coins too.
You know, my target is still $1 per KDC
, you can tell me, damm, you're crazy, but you never know...Klondike coin is a new coin, only on the market for 2 months, marketing is just started, and maybe there are some ideas to give away real gold to miners, this can certainly be interesting for low hashrate miners. We don't need 1 miner with 100Mh/s, we need 1000 miners with 100Kh/s.