Re: BetcoinPoker.com Betcoin.ag-Big Tourneys-BONUS-Freerolls, Ring Games, Real Poker
for your "on the fly" conversions, but BTC exchange do you reference to do it?
We currently blend bitstamp and btc-e and take the average. Thank you.
BTC-e??... low volume and the one of exchanges who offers an average of 4% less than others (per the Winkdex) for USD... well played Betcoin, you make a nice profit off the backs of your players simply on the buy-in (plus the wonky RB for WPN tourneys)... and then even a percentage of the winnings if a Betcoin player wins!
I actually stand corrected and should have confirmed with programming before typing as it is bitstamp.net and preev.com, but thank you for helping me clarify this.
If someone wants to do the math, you'll prob see its off.
At 589 you should be receiving 1.696 mbtc per dollar
In other words, Betcoin is charging you 12 cents to much for that 1.48 mbtc.