Rather than buying old coin at the new rate, I might make a 1 time purchase. Is your 0.0005 exchange rate above in BTC/BTE? So...perhaps 3,000 BTE for 1.5 BTC? How many old coin do you have to sell?
Bytecoin difficlty is
hereBitcoin difficulty is
hereJust to confirm - are you saying you will accept my newly minted BTE at the exchange rate (difficulty_bytecoin/difficulty_bitcoin) set at time the BTE was mined (currently 35794/11187257 = 0.0032) for an agreed length of time (how long?) - and also take the sale of my current BTE at rate 0.0005 - example 20k BTE for 10 BTC?
Will
I agree to the rate, but at the moment neither offer is open ended. I am awaiting my own miner to generate the BTC first.
I am willing to buy 2k of existing BTE for 1.0 BTC now. That receiving address is 8UWtVBTDK2WMHRL9ufgRzWsSFMhAkiK8HP
I am willing to buy 1 newly minted block of 50 BTE for 0.15997666 BTC. I would like to start this block anytime when the previous block is at least 2 hours old. This is a 1 time test purchase. That BTE receiving address is 8T5iBArqxBtYGkMu52PkCRv6kLJupm1zBQ. Is it possible to just assign me as a 50 BTE recipient for the newly generated coins in that 1 block? There is so much I still need to learn.
I am paranoid about sending a payment to an incorrect address. I have just paid those two address a seed payment of 0.001 BTE, to verify that all is well.
ProfMac, I applaud your efforts to get BTE moving again, but it's not going to happen without a significant drop in difficulty. When that happens it won't stay that way for long as the guy with the ASIC/server farm will point his hardware at BTE again and the difficulty will be right back up to what it is now or higher. Only 1 block today (5-30), 2 yesterday, 1 the day before. The movement necessary for profitable trading simply isn't there.
You mentioned earlier that it's hard to set a BTE price based on difficulty. I think it's impossible. The price will be set not by exchanges or miners but by what people are willing to pay for it. Right now BTE is practically worthless but it does have future possibilities as it's a BTC clone and has a good chance of remaining decentralized.. That's why I have a standing offer of 1.0 BTC for 10,000 BTE.
I'm quite amazed at the prices you are offering for BTE. Sellers should be beating a path to your door.