why we need a pool-bot for a USD pair? just to automatically balance buy/sell? i am thinking just to sent some nbt and usd to my cryptsy acount and give some fixed orders and then manually handle the buy/sell walls
How do you plan to get rewarded for your activity?
by using a spread?
As soon as the first bots appear, you’ll have a hard time to earn money from a spread If you use an ALP bot you’ll be rewarded for just putting money on the walls - depending on how soon the target gets reached up to 0.2% per day!
I gather that organic spread tends to be bigger and liquidity lower than what nu shareholders like. Before Liquidbits NBT/USD operation there was no liquidity within 5% from $1 (after the indident). Now there are ~$10k.
Agreed, the LPs provide tighter spread with more volume.
Not to point fingers but go look at BitUSD…selling with a spread of 2-5% with limited amounts. Nu has a better way.
yes, you are right. i can see that
The NBT/BTC custodian vote has passed! Thank you all for your votes and your trust. I will get the other server running by tomorrow night - Lord willing.
Automatic payouts are now workings, so things should progress smoothly.
Thank you.
Good parameter for LP’s on the nbt/btc pool are: Deviation = 0.0025 Offset = 0.005
With a 0.33% fee, the resultant spread after fees is 0.34%
Done https://github.com/Lamz0rNewb/nu-pool/blob/master/unix/nuriver-cryptsy-btc/pool-cryptsy-btc Now we only need the server…
For reference as there are unfortunately 2 grants in a single thread - @nmei would you mind to include NBT/BTC in the name of the thread?
This address is broadcasting 1.5 unknown buy liquidity. BB5zg2yioLL86D4XvD3s2wpAGFqxWPxbCL
I don’t know how…
Into nud type: liquidityinfo B 0 0 BB5zg2yioLL86D4XvD3s2wpAGFqxWPxbCL
Hope u all knows that cryptsy is going down? Office is empty … Withdraw’s btc dont work, only some altcoins with exorbitant high prices
We know, we aren’t renewing this pool. I just wanted to point out this custodial address is the last one broadcasting ‘unknown’ tier liquidity.
OK - I don’t know how…that server isn’t running…
Did you lose the private key to that address?
I have the server core backed up…so i can get the address.
