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.
What time is the price changed? Is it roughly the same time everyday? I'm assuming it changes sometime early each day in EDT. That is what I have observed. Sometimes you change the price daily but never more frequently. For the most part of the last week or so your price was over $50 - $100 LESS than any exchange. I will be tracking and comparing the price you offer with the average of the prices at bitstamp.net and preev.com at a certain time or time-frame that either you provide me or I deduce.
BTW, preev.com takes the average of the prices at Bitfinex, Bitstamp and BTC-E.