So the server restarted for some stupid reason last night. The funny thing is, I reboot it this morning and now I’m the only one running on the pool. Rewarded for providing a shitty service, hell ya!
I’m pretty satisfied with the implementation at this point. It’s not an amazing piece of code, but it leaves basically the entire bot intact. The operator can even set a target at which dutch auction takes effect.
If I can get 2 testers other than me for a few days I’ll test btc/nbt for a bit and post a motion. And if you like big numbers registered on a server with no true value, boy have I got a deal for you! We’re now crediting 7.5 Imaginary NBT per day per side!
Disclaimer: Nothing is real.
1 Like
Can you or @masterOfDisaster point to me the best pool client for switching between NuPond fixed cost, LiquitBits, and NuStream? I think I am using @masterOfDisaster’s NuPond fork but I am not sure (how do I find out? README.md doesn’t tell) I tried several version a while ago.
For fixed cost pool to work optimally when liquidity is low, it is best if LPs from other pools can jump in easily.
It’s super easy. If you’re already running on Bter’s CNY pool, just change the ‘server’ parameter at the bottom of the config file from NuPond:3333 to:
45.55.55.197:3333
I can recommend to try the experimental branch of by “ALP collection”:
It contains a collection of all ALP operations I’m aware of, e.g. the windows and the unix version of this pool (including recommended settings for offfset, server settings etc.).
But this obviously just a shameless plug, because @Nagalim is right with his last statement.
ninjaedit: I just checked my ALP bot on the fixed pool and it looked strange. I restarted the bot and it still looks like:
2015/09/16-04:06:15 INFO: starting PyBot for cny on bter
2015/09/16-04:06:16 INFO: successfully deleted all orders for cny on bter
2015/09/16-04:06:16 INFO: waiting 13.45 seconds to synchronize with other trading bots for cny on bter
2015/09/16-04:06:32 INFO: successfully placed ask cny order of 20.9000 nbt at 7.23150780 on bter
2015/09/16-04:07:15 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 -
[...]The incentive is there so someone will try.
It’s not hard to conceive ways … for example if someone finds out where the VPS of the ALP server is and a bot running on a VPS local to the ALP server is immune from DDOS attack to the ALP server, he could run his bot on such a local VPS and use DDOS to deny all other LPs access.
One way to discourage sabotage against individual pools is connect the payout to current global buy and sell side liquidity, which every nu client has. Then the system will be more closely resemble a POS network. It could work like this -
- Nu Shareholders decide a total interest cost of pool liquidity for the next accounting period. Call it TIC.
- All fixed cost pools will split an initial payment of 50% of TIC according to some inital allocation rules.
- All fixed cost pools start to pay LPs from their own wallets that have the initial payment. Each LP will get paid according to what fraction in the global liquidity this LP has contributed in the last minute.
- Liquidity, interest, and payment information are tracked and displayed on web pages.
- Periodically a superbot will rebalance pools’ interest payment wallets and distribute the remaining TIC. This superbot is a source of centralization.But if the fraction of liquidity provided (averaged over the accounting period) has no big deviation from the initial one, then this bot may not be needed. Inter-pool clearing will happen at the next TIC allocation.
1 Like
The incentive for manipulating other LPs to increase the own reward is already there, albeit with other parameters.
At the moment the incentive exists as soon as a target has been reached and no more money can be earned from providing additional liquidity.
Every LP has an incentive to sabotage all other LPs to ensure the own funds are completely available at the pool and below the target.
So this is no new problem, it only comes in a new shape.
It’s a little bit more severe with fixed payout rates, because you can get very high rewards with little money invested in the liquidity operation if you successfully sabotage all other LPs.
I think one (hopefully simple) way to mitigate that can be capping the payout rate.
I don’t know how complex that is on code level, but if you get a fixed rate only up to a maximum of x% per day/month/year, the incentive to sabotage others is reduced. It’s on the same level as it is at the moment if you choose the cap at the same rate as it is now.
I’d favor having a higher cap to attract more LPs as long as the pool is far below the expected “target”.
I can institute a cap without too much difficulty. It would essentially impose a minimum liquidity level below which it is no longer fixed cost and switches over to fixed reward.
A global implementation would be difficult and not something I’d be willing to look in to any time soon. We can keep talking about it, think out all the issues before I go hopping into the code.
@masterOfDisaster are you still having problems? You posted a line with 0% rate, but you didn’t give a full minute to register the order it placed. You should usually wait for at least the second line of statistics before making a conclusion. Also, Bter was super weird last night so let me know if you’re having issues.
As for capping the interest for the fixed cost pool, I think the capping level should be decided later after the pool runs for a while. The risk is limited. People are watching. Problems are reported within hours. Even someone manages to take all the interest for a day it’s just 3% of a monthly cost. The lesson would be worth it.
Global balance is indeed more complex. A less complex solution: the fixed cost pool has a cap that is liquidity-aware — it is off only if global buy side is less than, say 2000 NBT.
This is a log from some hours ago - after that I stopped the ALP bot:
2015/09/16-05:07:22 INFO: starting PyBot for cny on bter
2015/09/16-05:07:22 DEBUG: starting liquidity operation with sampling 80
2015/09/16-05:07:24 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:07:24 INFO: waiting 5.07 seconds to synchronize with other trading bots for cny on bter
2015/09/16-05:07:32 INFO: successfully placed ask cny order of 20.9000 nbt at 7.22991852 on bter
2015/09/16-05:08:23 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:09:23 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:10:23 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:10:33 INFO: price of cny moved from 6.36885000 to 6.37080000, will try to delete orders on bter
2015/09/16-05:10:35 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:10:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23213216 on bter
2015/09/16-05:11:23 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:11:36 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23213216 on bter
2015/09/16-05:12:23 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:12:40 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23213216 on bter
2015/09/16-05:13:23 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:13:37 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23213216 on bter
2015/09/16-05:14:23 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:14:37 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23213216 on bter
2015/09/16-05:15:23 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:15:37 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23213216 on bter
2015/09/16-05:16:23 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:16:37 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23213216 on bter
2015/09/16-05:17:23 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:17:51 ERROR: unable to place ask cny order of 0.5000 nbt at 7.23213216 on bter: exception caught: [Errno -2] Name or service not known
2015/09/16-05:18:07 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23213216 on bter
2015/09/16-05:18:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:18:37 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23213216 on bter
2015/09/16-05:19:04 INFO: price of cny moved from 6.37080000 to 6.36870000, will try to delete orders on bter
2015/09/16-05:19:12 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:19:15 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22974824 on bter
2015/09/16-05:19:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:19:34 INFO: price of cny moved from 6.36870000 to 6.37170000, will try to delete orders on bter
2015/09/16-05:19:35 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:19:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23315384 on bter
2015/09/16-05:20:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:20:37 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23315384 on bter
2015/09/16-05:21:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:21:37 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23315384 on bter
2015/09/16-05:22:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:22:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23315384 on bter
2015/09/16-05:23:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:23:37 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23315384 on bter
2015/09/16-05:24:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:24:34 INFO: price of cny moved from 6.37170000 to 6.36890000, will try to delete orders on bter
2015/09/16-05:24:39 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:24:42 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22997528 on bter
2015/09/16-05:25:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:25:34 INFO: price of cny moved from 6.36890000 to 6.37170000, will try to delete orders on bter
2015/09/16-05:25:36 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:25:39 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23315384 on bter
2015/09/16-05:26:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:26:34 INFO: price of cny moved from 6.37170000 to 6.36860000, will try to delete orders on bter
2015/09/16-05:26:36 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:26:39 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:27:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:27:37 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:28:04 INFO: price of cny moved from 6.36860000 to 6.37060000, will try to delete orders on bter
2015/09/16-05:28:07 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:28:10 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23190512 on bter
2015/09/16-05:28:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:28:34 INFO: price of cny moved from 6.37060000 to 6.36860000, will try to delete orders on bter
2015/09/16-05:28:55 ERROR: unable to delete all orders for cny on bter: exception caught: [Errno -2] Name or service not known
2015/09/16-05:28:55 INFO: adjusting nonce of bter to 1
2015/09/16-05:29:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:29:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:30:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:30:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:31:24 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:31:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:32:25 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:32:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:33:25 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:33:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:34:25 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:34:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:35:25 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:35:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:36:25 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:36:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:37:25 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:37:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:38:25 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:38:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:39:25 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:39:59 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:40:25 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:40:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:41:25 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:41:38 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:42:25 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:42:39 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:43:25 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:43:39 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:44:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:44:39 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:45:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:45:40 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22963472 on bter
2015/09/16-05:46:07 INFO: price of cny moved from 6.36860000 to 6.37210000, will try to delete orders on bter
2015/09/16-05:46:21 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:46:23 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23360792 on bter
2015/09/16-05:46:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:47:07 INFO: price of cny moved from 6.37210000 to 6.36890000, will try to delete orders on bter
2015/09/16-05:47:08 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:47:11 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22997528 on bter
2015/09/16-05:47:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:48:10 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22997528 on bter
2015/09/16-05:48:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:49:10 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22997528 on bter
2015/09/16-05:49:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:50:10 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22997528 on bter
2015/09/16-05:50:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:51:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:51:33 ERROR: unable to retrieve order book for cny on bter: exception caught: [Errno -2] Name or service not known
2015/09/16-05:51:33 WARNING: need to resynchronize trading bot for cny on bter because the deviation reached 27.63
2015/09/16-05:51:33 INFO: waiting 11.16 seconds to synchronize with other trading bots for cny on bter
2015/09/16-05:52:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:52:41 ERROR: unable to retrieve order book for cny on bter: exception caught: [Errno -2] Name or service not known
2015/09/16-05:52:41 INFO: price of cny moved from 6.36890000 to 6.37225000, will try to delete orders on bter
2015/09/16-05:53:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:53:27 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:53:31 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23377820 on bter
2015/09/16-05:53:31 WARNING: need to resynchronize trading bot for cny on bter because the deviation reached 20.64
2015/09/16-05:53:32 INFO: waiting 12.83 seconds to synchronize with other trading bots for cny on bter
2015/09/16-05:53:51 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23377820 on bter
2015/09/16-05:54:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:54:47 INFO: price of cny moved from 6.37225000 to 6.37530000, will try to delete orders on bter
2015/09/16-05:54:50 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:54:53 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23724056 on bter
2015/09/16-05:55:17 INFO: price of cny moved from 6.37530000 to 6.37210000, will try to delete orders on bter
2015/09/16-05:55:19 INFO: successfully deleted all orders for cny on bter
2015/09/16-05:55:23 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23360792 on bter
2015/09/16-05:55:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:56:21 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23360792 on bter
2015/09/16-05:56:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:57:22 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23360792 on bter
2015/09/16-05:57:26 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:58:22 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23360792 on bter
2015/09/16-05:58:27 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-05:59:21 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23360792 on bter
2015/09/16-05:59:27 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-06:00:21 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23360792 on bter
2015/09/16-06:00:27 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-06:01:21 INFO: successfully placed ask cny order of 0.5000 nbt at 7.23360792 on bter
2015/09/16-06:01:27 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-06:02:18 INFO: price of cny moved from 6.37210000 to 6.36885000, will try to delete orders on bter
2015/09/16-06:02:24 INFO: successfully deleted all orders for cny on bter
2015/09/16-06:02:27 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22991852 on bter
2015/09/16-06:02:27 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-06:03:21 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22991852 on bter
2015/09/16-06:03:27 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-06:04:21 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22991852 on bter
2015/09/16-06:04:27 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-06:05:21 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22991852 on bter
2015/09/16-06:05:27 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-06:06:21 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22991852 on bter
2015/09/16-06:06:27 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-06:07:21 INFO: successfully placed ask cny order of 0.5000 nbt at 7.22991852 on bter
2015/09/16-06:07:27 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEYI started the bot again with this result:
2015/09/16-11:31:12 ERROR: unable to delete all orders for cny on bter: exception caught: [Errno -2] Name or service not known
2015/09/16-11:31:12 INFO: adjusting nonce of bter to 1
2015/09/16-11:31:20 INFO: successfully deleted all orders for cny on bter
2015/09/16-11:31:24 INFO: waiting 4.33 seconds to synchronize with other trading bots for cny on bter
2015/09/16-11:31:34 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-11:32:09 INFO: successfully placed ask cny order of 20.9000 nbt at 7.23173484 on bter
2015/09/16-11:32:33 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-11:32:35 ERROR: submit: socket error (timed out)
2015/09/16-11:32:52 ERROR: submit: socket error (timed out)
2015/09/16-11:33:18 ERROR: submit: socket error (timed out)
2015/09/16-11:33:20 ERROR: submit: socket error (timed out)
2015/09/16-11:33:34 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-11:33:37 ERROR: submit: socket error (timed out)
2015/09/16-11:33:40 ERROR: unable to retrieve order book for cny on bter: exception caught: [Errno -2] Name or service not known
2015/09/16-11:33:41 WARNING: need to resynchronize trading bot for cny on bter because the deviation reached 31.75
2015/09/16-11:33:48 INFO: waiting 7.47 seconds to synchronize with other trading bots for cny on bter
2015/09/16-11:34:04 ERROR: submit: socket error (timed out)
2015/09/16-11:34:22 ERROR: submit: socket error (timed out)
2015/09/16-11:34:34 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-11:34:43 ERROR: submit: socket error (timed out)
2015/09/16-11:34:58 ERROR: submit: socket error (timed out)
2015/09/16-11:35:06 ERROR: submit: socket error (timed out)
2015/09/16-11:35:23 ERROR: submit: socket error (timed out)
2015/09/16-11:35:36 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
2015/09/16-11:35:45 ERROR: submit: socket error (timed out)
2015/09/16-11:35:50 ERROR: submit: socket error (timed out)
2015/09/16-11:35:51 ERROR: submit: socket error (timed out)
2015/09/16-11:35:54 WARNING: need to resynchronize trading bot for cny on bter because the deviation reached 63.36
2015/09/16-11:35:54 INFO: waiting 5.41 seconds to synchronize with other trading bots for cny on bter
2015/09/16-11:36:02 ERROR: submit: socket error (timed out)
2015/09/16-11:36:14 ERROR: submit: socket error (timed out)
2015/09/16-11:36:34 INFO: bter - balance: 0.00000000 rate: 0.00% ppm: 0.00000000 efficiency: 0.00% rejects: 0 missings: 0 - APIKEY
All other bots run fine.
That’s a pain to code for me because 1) I’d need a custodial address on the test server and 2) I haven’t really looked into how rpc with a custodial address works or what commands are fun and stuff like that, so I’d be starting from the drawing board.
@masterOfDisaster Just use a normal offset please. Like 0.004
That’s what you get if you try to mess with the parameters 
I don’t see how the offset is related to “ERROR: submit: socket error (timed out)”, but I followed your recommendation and set the offset to 0.004.
The bot still refuses to work 
Is the server still running on 45.55.55.197:3333 ?
Yah, I’ve been running on it fine overnight (using the fillfactor so I’m throwing in exactly 5 nbt). I’m heading to work now, but I can take another look later. This is why I’m not confident about pushing this to the rest of the network: there’s a lot of potential for issues.
Maybe I need to remake it using a bigger server. The socket issues are usually to do with connectivity or something.
Dunno how, but:
2015/09/16-12:04:10 ERROR: submit: socket error (timed out)
2015/09/16-12:04:17 ERROR: submit: socket error (timed out)
2015/09/16-12:04:45 INFO: bter - balance: 0.02894546 rate: 28.96% ppm: 0.00420286 efficiency: 100.00% rejects: 0 missings: 0 - cny - ask: 20.9000 x 28.96% -
It’s partly working again! 
Hoorah! Try it with the fillfactor (if you dare) so you can play around with the ratios and get comfortable with what it’s doing with the rate. Remember I have exactly 5 nbt up so if you put up multiples of 5 you will probably see recognizable numbers.
This thread is, obviously, very interesting for ALP. There are so many ideas and thoughts in only 48 posts, that I’m having a hard time tying all the information together.
How do you imagine a example proposal?
X-Pool
Exchanges:
Yexchange - 2500
Zcoin - 2500
Fixed rate: 0.3%
Grant: 5000 (0 pool fee in this example)
Where are the targets in this model or how can one force competition with a dutch auction?
1 Like
You’re a little confused I think. The grant would list pseudonym, exchange, type, strategy, SAF, tolerance, etc. Then, with regards to the reward, it would look like this:
7.5 NBT/day dual side, 450 NBT/month.
There are no targets or % rates. Competition is forced by the very concept of fixed cost in a much more aggressive way than on fixed reward pools.
Here’s the motion I was considering proposing soon. I was going to name the thread “Fixed Cost ALP on BTC/NBT Bter Nupond Term 4&5”:
Motion RIPEMD160 hash: tbc
=##=##=##=##=##=## Motion hash starts with this line ##=##=##=##=##=##=
Operator: @Nagalim
Type: Fixed Cost ALP
Exchange: Bter.com
Pair: NBT/BTC
Strategy: Moderate Peg
Spread After Fees: 1%
Tolerance: 1% (0.01)
Bid Cost: 7.5 NBT/day
Ask Cost: 7.5 NBT/day
Operator Fee: 100 NBT
Total Grant: 550 NBT
Term 5 Requested Funds: 450 NBT
If @Nagalim decides at any time that the use of the fixed cost software may compromise the NuPond brand, the pool may switch over to a fixed reward pool at dual side 2,500 NBT targets with 0.3%/day reward rates.
=##=##=##=##=##=## Motion hash ends with this line ##=##=##=##=##=##=
1 Like
Let’s see if I came any further here with my understanding process:
You will pay 7.5 nubits every day.
The more liquidity one user provides on the pair, the greater his stake of said 7.5 nbt will be?
There is no way the daily payout will be less then 7.5 nbt?
1 Like
Every minute, I evaluate the maximum rate of distribution based on how much liquidity I register. I take 7.5 NBT/day and divide by the total liquidity received to get the daily rate for that minute. There are imperfections, but I’m pretty sure there’s no way I could possibly pay out more than 7.5 NBT/day. Less than can happen if people do weird stuff or if there’s no one providing. If just one person provides 1 NBT of liquidity they get a rate of 750%/day (per side if they play their cards right).
If you want to check it out get a normal cny/nbt pybot running on NuPond and switch to this server:
45.55.55.197:3333