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!
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)
wait so you ended the crowd funding early?
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
done 2 sbd
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
@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/
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 :)
Will do that :)
wait why not use blocktrade.us
its easier and trustworthy. Is it bc of price difference??
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
it depends on the fees poloniex has. How much do they charge?
But I would be making 15 transfers like this so 3.9 USD.
But! blocktrades is much safer, I will use that way - thanks!
sell as quick as possible or withdraw your sbd back to steemit and trade in one shot.
Wait there's more, blocktrades states that:
OK, it's 0,8 USD - it's cool :)
80 cent right? I gave you a bunch of 3 cent upvotes to cover those costs.
I've only sent 6 SBD to poloniex so far - for the rest 70 I will use Blocktrades
0.001 LTC - 0.26 USD
blocktrades.us takes high fee, let me check it out.
It does? I got my bitshares below the rate on there.
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?
It is, but with 70 SBD the difference gets smaller (1 LTC is 264 USD * 0.031 = 8.1 USD)
OK, all 75 SBD trades to fiat, mission complete :) Thanks for the idea with blocktrades, saved a lot of time and nerves!
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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.
Aye, will be doing another SBD selling today.