Topic: Bitbank: Auto Earn BTC\CNY\USD\LTC without mine (Read 1240 times)

cny/btc : huobi btcc okcoin
usd/btc : btc-e bitstamp (but the fee is too high. I think the fee would lower after btcc/okcoin support usd/btc).

Another way, u can use less money buy btc or more money sell btc.
now $620 ; just buy as $610 ~ $500 per btc ; or sell as $630~$700 per btc.

Very interesting.
Any idea about how the revenue model of the exchange is?
Where exactly do they make their money?

yes, 0% in chinese market
okcoin will launch btc/usd
http://www.coindesk.com/chinese-exchange-okcoin-launch-usd-deposits-withdrawals/

I think..., everyone hope USD/BTC trading will be free like CNY/BTC.

What are the transaction charges?
Any charges while depositing / withdrawing CNY?

you are right, a bottleneck may make one side order un-done
try
1. transaction  lower amount to void bottleneck
2. wait for market rebound(most situation, the market will rebound itself)
3. continue to run until other side order un-done, cancel two orders.
4. allow some “Deficit”  make more Frequency

Wouldn't this depend on the speed of the transactions and if a bottleneck happens than it would be pointless but good idea.

Somel Log Like This:

Hello everyone~
I had developed a project named "Bitbank".This is not a bank, but a bank own yourself.
This code was written to help you earn money easily on market(like bitstamp btc-e huobi okcoin).

for example, there are 2 market in china: huobi & okcoin
I use ltc for test(because it's cheap  )

prepare:
Deposit some cny and ltc in huobi
Deposit same cny and ltc in okcoin

algorithm:
1: get huobi&okcoin market depth @runtime
2: search the depth to find the difference of prices
3: if huobi.bid.price > okcoin.ask.price then I will buy some ltc in okcoin and sell the same amount in huobi @ the same time
after that I won the "difference of prices" * "amount"

Technical Parameters
Project : VS2013
Language ： C#
Multi-Thread : YES
Param Can Edit:safePriceProfitThreshold/safeDeficitThreshold/safeAmountDepthThreshold/safeAmountRate/safeAmountThreshold/safeMinestAmount
Framework :　main thread is a company (your bank) , every sub-thread is a role of this company. every role work as real-people just like the real-world.There are  monitors, workers, anaysts, finances.

But I had just a little of money, I want to sell this framework to more people.
Let's stable the price~

ext plan : you can add some role and create a new company by yourself. such as a company of buying btc with the price $100 lower than markets. 

anyone interesting?