Topic: Windows Desktop Bitcoin Lending Bot for Poloniex - page 6. (Read 15280 times)

I've come across this beauty while searching for lending bots but I unfortunately (never thought I'd say this) am a mac user. Any plans to expand the platform selection or making a web based version of it?

Hi GoogleBit.

A "Period" is two weeks. I guess I could make that a little more descriptive

...yep, is running. Looks good ;-)

Unfortunately we do have a very flat market, just because of that 5000 BTC that came in the other day...
But, well, that will get sucked up sooner or later and PoloLen can show what it can do best :-)

THX Dev !

PS: Market over "what" period ?

Hi Everyone,

Build 1.0.1.6 has been posted.

I've refactored a lot of the code to handle multiple loans. To start with if the rate of an offered loan matches the current recommended rate the loan won't be cancelled and reissued. It will simply stay in place. Second, you can now set an offer length in minutes to keep the offer open for. IE - if you set it to ten minutes the loan will be kept open for 10 minutes before closing. Note that even if the time expires, if the loan offer rate is the same as the current rate it still won't pull the loan - it will keep it open until the rate has changed AND the time limit has expired.

I've also fixed a bug in which selecting cancel when prompted to download points made no difference - it downloaded them either way. Now clicking cancel really means cancel.

Finally I've made a change to the wallet structure so that credits will now be locked to the API configured when the credits were applied. Moving forward, once credits are paid, those credits will be locked to the API in the wallet. It'll be important to make sure you don't delete your API in Poloniex as to do so will mean your credits will no longer be available.

As always, thanks all -
BCG

Changelog:
06-28-2017 - Added rate tracking for loan offers so the bot will not cancel an offer if the rate has not changed.
06-28-2017 - Updated offer tracking to better handle multiple offers.
06-28-2017 - Added a minimum time to keep offers posted. The bot won't cancel an offer until the next cycle after the duration has expired.
06-30-2017 - Locked API to credits. Once credits are delivered they are locked to a single API
06-30-2017 - Fixed bug in which saving API caused the app to always download points, even if cancel was clicked.

...unfortunately some lending whales do not use PoloLen ;-(

Agreed. But when you do compare it's nice to see the differences

uhhh I don't think a regular bank account is a good comparison for many reasons

would be helpful if the bot displayed open loan positions.

0.1% means 0.1% per day.
So even with the current low rates, it's much better then a regular bankaccount

https://poloniex.com/support/aboutMarginTrading/  - only the last part is about offering loans.

When the rate displayed is 0.1%, what does it means ? 0.1% per day ? Per week ? Per month ?

Poloniex is not well documented about lending ... !

lending rates on Poloniex are even more volatile then bitcoin price itself.

They went down. Still higher than anything else out there with as much risk. You could always get 200% with one roll of the dice, but I wouldn't do that if I were you.

wtf has happened to rates?

Hi Everyone,

I just wanted to let you know that I'm testing some changes that I hope to have available this weekend or early next week. These are not requested items for the most part but more fundamental changes I've been wanting to do -

The bot will no longer pull an existing offer it placed if the rate hasn't changed. IE offers will stay on the book until there is a reason to change them.

The bot will better track multiple offers it has placed so there's a lot less chance of it being unable to cancel an offer.

The bot will now allow a time override (if set at 0 minutes it matches current behavior) for loans issued. IE if we set the override to 5 then even if the rate changes the bot will not pull and re-offer those funds until 5 minutes has expired. Note that this doesn't affect the polling time. The bot will continue to do one cycle per minute. Loans will be cancelled the first cycle after the time limit has expired.

Again, these are pretty fundamental changes in the code so I'm going to be testing for a few days before I post a build.

Thanks all -

I'm using this bot several weeks now; before this I used poloniexlendingbot.com. But this bot is much better, faster loans, better rates, much more sophisticated.

So yes, I'm 100% happy with it; the guy who created this even listens to my suggestions

OK thanks. Since how long time do you use this bot ? 100% happy with it ?

No real difference. If you put more, you get more interest. There is no real difference between one loan of 0.1 or ten loans of 0.01.

Ok and as the minimum loan is 0.01 , is it recommended to put more / loan or for security reasons, it's better to keep it to the min loan 0.01 ?

Just play with it a bit. After every change you can scroll down to see what happens.
When you first want to check this before you start lending, then either wait before putting coins in the lending account, or put a number in the "bank" field which is higher then the amount you have. When you see what happens with every change, and you're satisfied you leave the "bank" field blank and/or put coins in the lending account.

Look at this regularly; in my case I didn't lend for a day, because lending rates were dropped below my minimum rate (yes, I was used to get over 50% a year ), so I had to adjust my settings.

Wow really great ! And I didn't find any detailed explanations for the deviation calculations, do you have recommendations for me or some tutorials?