Silk Road forums

Discussion => Newbie discussion => Topic started by: Wordpass on May 05, 2013, 10:16 am

Title: how often does SR adjust BTC exchangerate?
Post by: Wordpass on May 05, 2013, 10:16 am
hi, yeah, anybody knows the intervals?
Title: Re: how often does SR adjust BTC exchangerate?
Post by: tree on May 05, 2013, 10:28 am
Silroad uses the 24hour weighed average of MtGox. It doesn't mean it updates every 24h though, it updates constantly, it just doesn't fluctuate as much.
Title: Re: how often does SR adjust BTC exchangerate?
Post by: StinkyS4L on May 05, 2013, 10:41 am
Thanks, I wondered how that worked. Do the vendors get paid the weighted avg or do they just cash out at whatever the BTC price is?
Title: Re: how often does SR adjust BTC exchangerate?
Post by: tree on May 05, 2013, 11:18 am
Well vendors get paid in BTC, if the order is hedged, it's according to the SR price..
Title: Re: how often does SR adjust BTC exchangerate?
Post by: idgafos44 on May 06, 2013, 12:34 am
i usaully pick one item listing that i know the Vendor has listed the real dollar price, and just divide to find the current BTC trading price on SR.  that way i dont have to troll mt.gox