Silk Road forums

Discussion => Silk Road discussion => Topic started by: rake on July 03, 2011, 01:09 am

Title: BTC to USD calculation on the site
Post by: rake on July 03, 2011, 01:09 am
I don't know whether this is a bug or not but the USD price displayed for an item when divided by the current btc exchange rate does not equal the btc price in the shopping cart.

eg.
I place a item which is displaying $113.93 as its price into the shopping cart. 
The exchange rate is 1btc = 15.38USD
The calculated btc price would be 7.4btc
The actual btc price in the cart is 7.8

Unless I am missing something obvious while my brain is switched off for the weekend, is there a bug here?
Title: Re: BTC to USD calculation on the site
Post by: braves821 on July 03, 2011, 01:49 am
i think it maybe the silk road 5% fee they charge for any order
Title: Re: BTC to USD calculation on the site
Post by: watmm on July 08, 2011, 12:14 pm
Stupid question possibly, but is the price displayed the MtGox price to buy a bitcoin, or to sell one?

Thanks.
Title: Re: BTC to USD calculation on the site
Post by: rake on July 08, 2011, 02:32 pm
Stupid question possibly, but is the price displayed the MtGox price to buy a bitcoin, or to sell one?

Thanks.

I know what your looking for and it would actually be the last completed sale price.  On this site last I heard, it was a 24hr moving average.
Title: Re: BTC to USD calculation on the site
Post by: chronicpain on July 08, 2011, 02:49 pm
So, does that mean sellers need to make sure that the btc and the dollar price is somewhat close? I, too had a discrepancy. the difference between the btc price and the dollar price was way off, by 15-20 percent(not in my favor). It would make sense if they took a 24 hour average.

Looks like Ill have to check the difference a couple times a day. Just so long as its close, I know it wont be perfect.