Author

Topic: Avalon BTC Rate for Purchase (Read 1049 times)

legendary
Activity: 1064
Merit: 1000
February 18, 2013, 10:56:50 AM
#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
legendary
Activity: 1764
Merit: 1002
February 18, 2013, 10:03:43 AM
#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.
full member
Activity: 126
Merit: 100
February 18, 2013, 08:04:58 AM
#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?
member
Activity: 69
Merit: 10
February 18, 2013, 07:48:56 AM
#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. 
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