NuPond.net NBT/CNY Pool Instructions

[mhps]

I remember unless you have btc the fund withdrawing is not straight forward on bter, is that right?

[Nagalim]

It’s straightforward, it’s just that where are you going to withdraw CNY to? I believe you were asking about USD before; USD is not supported on bter right now.

Also, if I can refer you here:
https://discuss.nubits.com/t/how-to-make-profit-daytrading-on-bter-using-the-tllps/?source_topic_id=2152

[mhps]

You have to hand in personal info to withdraw altcoins including nubits I remember. That is the problem i was refering to. There are less ways to get fund out in an emergency (which could well be that btc itself is impossible to withdraw due to theft or socialization of exchange loss ) Anyway I think shareholders allow a higher reward for pools on biter for a reason.

[Nagalim]

Is email address personal info? You can just go make a fresh one with no link to your personal info. For 2fa you need an authenticator, but running this bot doesn’t require 2fa.

Poloniex requires personal info for withdrawal. Bter hides its withdrawal caps and does some other shady stuff, but it doesn’t require personal info.

[mhps]

OK just checked - bter doesn’t require personal info for withdrawal any more.
might try nupond when i get around

[mhps]

Is there a place where I can look up nupond’s current interest rate?

[Nagalim]

http://nupond.net/ is a vastly better resource than this thread. Also, I am currently filling the nbt/btc buy side. I will be asking for an increased target for the next grant proposal (soon).

[willy]

Is there a place where I can look up nupond’s current interest rate?

https://raw.nupool.net/?pairs=true

[Nagalim]

Ha! I’ve had my cny targets wrong this whole time. It’s not like they’re anywhere near target anyway.

[mhps]

thanks @Nagalim and @willy
This info should be put in the OP of every pool’s main thread.

[Nagalim]

Done

[nmei]

I have both CNY and BTC bots running.
They are fighting for NBT - when the BTC bot refreshes the CNY bot wins and the BTC bot stays empty. Is there any way to stop this?

[masterOfDisaster]

Create two accounts - one for each pair and run the bots with different API settings.
If you use a different payout address as well you can easily track the financial success of each bot.

[Nagalim]

I suggest moving nbt daily between the two accounts. The withdrawal fee is 0.1 nbt (forget about bter securities or whatever, it’s a suckers game). If you think btc will be volatile or drop in price, move nbt to the cny account. If you think btc will be stable or go up, move to the btc account.

Or don’t micromanage and put some in both and see which is more profitable long term.

[zoro]

i think this is opposite of making nubit a safe heaven against BTC volatility, or not?
in that way, when btc drops there will be no NBT for anyone to buy

[Nagalim]

Firstly, I’m not super concerned about providing liquidity during the 10 minutes the btc price is doing crazy stuff, but instead to provide consistent liquidity before and after large price changes. Secondly, fixed cost helps this problem drastically.