Hi guys,
I'm kinda scared that there's gonna be more correction in crypto world. Currently SBD is trading at $9.2:
https://www.livecoinwatch.com/price/SteemDollars-SBD
This is good price so I will be exchanging the 75 SBD, which is enough to build a solid foundation for crypto mining rig, to fiat in my local currency - Polish Zloty, as I am citizen of Poland :)
If you would like to know what crowd funded mining rig is, please click here
The plan is as following:
- Transfer SBD in 5 SBD batches to poloniex
- Exchange to Litecoin (lowest withdrawal fee)
- Transfer Litecoin to www.bitbay.net - biggest local cryptocurrency exchange, I have verified account there.
- Exchange Litecoin to fiat.
Current status:
SBD deposited to poloniex: 6
SBD withdrawed from poloniex: 6
SBD deposited using blocktrades.us: 70
SBD exchanged to fiat: 6
@cfminer transfers to poloniex: https://steemd.com/@cfminer
@cfminer deposits to bitbay (litecoin): https://live.blockcypher.com/ltc/address/LQTzirDMCZxc92wC8w4Ff8cJeRvPQMiwWZ/
EDIT: 70 SBD were transferred using blocktrades.us - the fee was was higher than for poloniex but the risk was much lower :) Thanks @sames !
Check the transfer status here: https://live.blockcypher.com/ltc/address/LQTzirDMCZxc92wC8w4Ff8cJeRvPQMiwWZ/
Post will be updated with each transfers :)
So glad we hit our minimum amount! Lets keep it going!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
OK, blocktrades already made the transfer
https://live.blockcypher.com/ltc/address/LQTzirDMCZxc92wC8w4Ff8cJeRvPQMiwWZ/
LTC deposited: 2.39145753 = 633 USD (70 SBD * 9.2 = 644 USD so exactly 11 USD were paid for blocktrades)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
wait so you ended the crowd funding early?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Noo, just exchanged the first part of SBD in case SBD loose value :) You can still invest, the funding is open till 31.12.2017
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
done 2 sbd
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i'm building my own miner as well . We should exchange knowledge. I'm kinda a NOOB right now but I know a lot about computer architecture (computer engineering degree) and software I'm a professional software engineer. I'm learning very fast. check out my first few post ang give me some pointers please :)
https://steemit.com/mining/@prhinodv/crypto-mining-pt-2
https://steemit.com/mining/@prhinodv/coin-mining-trial-and-error
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@cfminer sell the next batch of sbd quickly http://steem.supply/
For example on this $5 post you will get 5 sbd so.....high inflation of sbd is right now http://steem.supply/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good to hear, It would be nice to see overall state of investment in each of your post - total SBD collected, investors, fiat amount etc.
It might encourage even more people in the project :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Will do that :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
wait why not use blocktrade.us
its easier and trustworthy. Is it bc of price difference??
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
75 SBD = 2.5538477 LTC = 679 USD
It's not that bad.
With my way its 690 USD. 11 USD difference (1.2 SBD).
You're probably right :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
it depends on the fees poloniex has. How much do they charge?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
But I would be making 15 transfers like this so 3.9 USD.
But! blocktrades is much safer, I will use that way - thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
sell as quick as possible or withdraw your sbd back to steemit and trade in one shot.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wait there's more, blocktrades states that:
OK, it's 0,8 USD - it's cool :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
80 cent right? I gave you a bunch of 3 cent upvotes to cover those costs.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've only sent 6 SBD to poloniex so far - for the rest 70 I will use Blocktrades
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
0.001 LTC - 0.26 USD
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
blocktrades.us takes high fee, let me check it out.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It does? I got my bitshares below the rate on there.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
oh i see...
And steem dollar right now is https://www.livecoinwatch.com/price/SteemDollars-SBD
Maybe it cheaper than poloniex? How much fees does poloniex have? How much does 1 sbd give in usd in there?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is, but with 70 SBD the difference gets smaller (1 LTC is 264 USD * 0.031 = 8.1 USD)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
OK, all 75 SBD trades to fiat, mission complete :) Thanks for the idea with blocktrades, saved a lot of time and nerves!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
!originalworks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The @OriginalWorks bot has determined this post by @cfminer to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We collected 20 sbd more :)
which means only 50 sbd left to get the future proof rig + GF 1080
But the steem dollar should be sold asap the sbd price is slowly falling.
and the fact your posts have made 17.90 sbd= $188 right now; does not always stand through. For the inflation of sbd is high now to restore the peg...
Hopefully it does so the mining operatiom will be easy.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Aye, will be doing another SBD selling today.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit