Doesn't that rather assume that the balance tips back again?  What you've posted works for one trade but how do you run another trade?  I'm new to this so forgive me if it's a stupid question
Using Bitstamp and BTC-e as the example 1 BTC often trades for a reasonable difference, say 600 on BTC-e and 610 on Bitstamp.  So assuming I have a standing balance of 100USD and 1BTC on each exchange(total 2BTC and $2k) when it sees the chance the bot would trade on both leaving me with 0BTC and 1610 on Bitstamp and 2BTC and 400USD on BYTC-e (new total 2BTC and $2.1K).  Unless there is usually a reverse swing allowing me to trade back again to level the balance between the two exchanges how to I normalise the balances to allow me to trade in either direction without needing to move FIAT around?  BTC is easy and cheep to move but USD is expensive stuff to ship around the place and you need a lot of money to be bet on each arbitrage exchange don't you?

Help me understand here

Thanks

Miles

Do you see a way that it can support things like FOREX?

Miles

Really looking forwards to being able to trade other things than Bitcoin (no disloyalty but it will make the bot longer lived when bitcoin finally settles down to be a currency without the wild fluctuations).  Also looking forward to being able to use other strategies - having said that I'm a babe in the woods in that area so any primers which can be suggested to make the bot more useful to the untrained would be useful I think

Over the last week maybe 3-4 days I have stopped using the site as I keep getting an error "Invalid address, please check your address, remove any extra spaces/extra characters from your address." which comes up as a dialogue and grabs the attention of Safari so that other windows don't respond.  It has previously worked fine.  I have copied the address in from PW site so I know that it is correct.

Regards

Miles

OK so until the new version comes out there's no way of knowing if any given back test would be profitable in terms of USD or BTC?  Given this I'll have to leave the bot off till I know what is coming out of the back test given I can't seem to find a set of settings which give a +ve profit.  Ah well, roll on butter cream

Miles

Am I doing something stupid?  When I back test on these settings with the start date as 1/1/14 and running till today (26th) I show a -24.89% profit. !!

Hey, I'll be your Donk if you keep the tinnies flowing Reading the thread, or God help us using google, wouldn't be too hard really but hey beer talks

Try page 1 of this thread?

the option to pay out in mined coins (or better yet a user configurable % of the twice daily payout to be in mined coins) sounds interesting however the reason I came over from multipool was that I got very frustrated by the dust that was generated - i.e. coins that I had which were too small a balance to actually sell - this nailed my profitability and didn't really even give me something to hold onto and speculate on.   Would it be possible to avoid this or would this just be part of the risk that we'd be taking on with this option?

Miles

\
Thanks for that explanation.

I'm seeing some very odd traces from Waffle Pool Monitor:
http://i62.tinypic.com/qqzk9d.jpg
Any one else seeing similar or is it a problem at my end?  I understand the two big up spikes - PW explained this on the previous page but the odd sawtooth display on the left is odd
Thanks
Miles

I wonder if this is a stupid question but I can't work the answer out and I don't remember seeing it answered before so I'll risk it...

Today we're running at 106% profitability vs LTC whilst mining 66% LTC.  This seems to mean that the remaining 33% of has power is generating 6% additional profitability over purely mining LTC.  Why do we mine LTC at all when the other 33% is driving the increase in profitability over a pure LTC play?

I know there's a good reason I just can't work it out (unless it's purely a hedge against the other coins being worse than LTC so diluting that risk)!

Thanks

Miles

it's all gone a bit quiet around here - has attention shifted to another thread and I didn't notice?

Great - 3.0.3   Thanks for that

Now I just need to work out which version I have
Thanks
Miles

Sorted, thanks

I'm hoping that someone can help point out the flaw in my "man maths" as I want to buy one of these units but I can't make the numbers stack up and so I assume I've made a mistake and hence I hope someone can point it out.

Using the formula
(MH x P x BTC x A) - C = profit over 1 year

where
MH = power of the unit in MH/s - 5.2 for the new blades
P = Profitability (BTC per MH/s per day) - currently running at around 0.004-0.005 at Waffle Pool
BTC = Price of BTC.  Here I'm going to assume 2 levels; 300 as the worst case and 500 as the current ceiling.
A = Availability - I'm going to assume 10 days down time in the year which might be a bit aggressive but these things are meant to be fairly "fiddle free" so I shouldn't have to mess around with them to the same extent that I do with my GPU rigs
C = Cost to purchase.  Note I am not including electricity etc as I am using the hosted model however it would be fairly easy to add it in for other options.

I am basically varying the level of P to check out how low the market can drop before the units fail to make a profit in a year.  A year is a long time in BTC mining it seems to that's another worry.  I am expecting profitability to take a hit when the big scrypt ASIC units hit and there seems to have been a drift down in this value already.  I am not sure that I subscribe to the theory that it will drift down to a point where massive numbers of people drop out and the rise as a result as I suspect people will continue to mine after it is no longer profitable through a combination of hope (that it will turn around), inertia (can't be bothered), ignorance (don't know where the threshold is) and faith (belief in crypto is more important than cash + mine and hold).

As you can see from the numbers below (converted into £ as I am in the UK) at the lower end of the BTC value the blades don't make anything and at the upper end the market only has to drop to 0.0035 before they fail to make money!  Where am I going wrong or is buying one of these basically a $3K bet that the market will rise?

Thanks

Miles

compared to today's profitability	Prof level	Grid Min	Grid max	Blade(GAW) Min	Blade(GAW) Max
1.25	0.005	-£420.07	£1607.17	-£133.25	£931.57
1.125	0.0045	-£724.16	£1100.36	-£292.97	£665.36
1	0.004	-£1028.24	£593.55	-£452.69	£399.16
0.875	0.0035	-£1332.33	£86.74	-£612.41	£132.96
0.75	0.003	-£1636.42	-£420.07	-£772.13	-£133.25
0.625	0.0025	-£1940.50	-£926.88	-£931.86	-£399.45
0.5	0.002	-£2244.59	-£1433.69	-£1091.58	-£665.65
0.375	0.0015	-£2548.68	-£1940.50	-£1251.30	-£931.86
0.25	0.001	-£2852.76	-£2447.31	-£1411.02	-£1198.06
0.125	0.0005	-£3156.85	-£2954.12	-£1570.75	-£1464.26
0.0625	0.00025	-£3308.89	-£3207.53	-£1650.61	-£1597.37
0.03125	0.000125	-£3384.91	-£3334.23	-£1690.54	-£1663.92
0.015625	0.0000625	-£3422.92	-£3397.58	-£1710.50	-£1697.19

Edited to correctly format the table (done with search and replace in word with some excel formula to sort the £ and red text)

does it really matter if previously some sort of tune gave more or less shares by single digit %?  It's PW's pool, his decision and if we don't like it we're free to wander off!

Sorry for the probably stupid question but how to do this?  I don't want to mess it up
Thanks
Miles

Missing payments? 

Can someone help me out here before I panic

I have a couple of payments which are showing up in the "details" but haven't shown up in my wallet which is reporting that it is synchronised with the net:

2014-04-01 08:50:24   0.01733143   02dfa6cbcc43eedb627322b38c93e7d1801cc3cfa7a363257795ff6cb24fd4fb
2014-03-31 18:30:45   0.01372869   ecb3ef699145d32c3b09b91e286e27fab340295b19c1c0a571dfaecf3cc02e4d

Given that I have a payment from today I assume that the payment engine isn't stuck so where are these two payments?

Many thanks

Miles