Quick question about AltOutlet:
What happens when you buy something ?
Does AltOutlet immediately exchange does KDC for BTC at current rates or does it hold it ?
I did some calculations for this and I have no clue how they can reach those prices on Rasberry Pi, If I would sell and include shipping in the same cost It would be 50-60% of their current price and still make a good profit.
Sure, yup, we don't immediately convert for BTC, but we do it generally within 24 hours.. At the moment we're only using one exchange for conversions, so we're limited by the buy orders there currently.
The way we work out the exchange rate it to average the buy order to a specific volume amount, which allows us to cover larger orders. As the volume is currently quite low for KDC buys, it taking into account the lower buys which drops the average rate. Once the volume goes up, the prices should come down... hope that explains it!